Thomas Mayer News
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Twelve days into his job as co- chief executive officer of Deutsche Bank AG, Anshu Jain stood beside Germany’s finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem.
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A resurgence of the debt crisis that scarred the euro-area over the past 3 1/2 years is the biggest threat facing Germany in an election year, policy makers and leading economists said.
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Greece faces the risk of a disorderly bankruptcy if it drops its commitment to reform and the austerity plan after the elections, former Deutsche Bank AG chief economist Thomas Mayer told Rheinische Post in an interview.
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Thomas Mayer, chief economist at Deutsche Bank AG in Frankfurt, expects the debate about European Central Bank intervention to settle the sovereign-debt crisis to continue even after last night’s “fiscal compact” accord by political leaders in Brussels.
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Europe’s crisis-torn nations are paving an escape route to recovery.
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Talks about a second international bailout for Portugal may begin later this year, according to Thomas Mayer, chief economist at Deutsche Bank AG in London.
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Greece may have only three days left to avoid “outright default,” according to Thomas Mayer, chief economist and head of research at Deutsche Bank AG in Frankfurt.
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Deutsche Bank AG Chief Economist Thomas Mayer said the euro area needs its own monetary fund to provide a permanent basis for the currency union, Handelsblatt reported, citing an interview.
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There is an old saying among central bankers that credibility is earned in years of hard work, but can be lost overnight. On Sunday night, the European Central Bank may have said goodbye to its credibility when it agreed to buy the government bonds of euro nations in trouble.
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Deutsche Bank AG Chief Economist Thomas Mayer said that European Union leaders meeting in Brussels need to present investors with a “well-thought-through plan” detailing the euro region’s future.
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