Published 2 years ago

German Bank CEO Mentions Risk in China Also Said “Germany's Recession Is Inevitable”

Summary by Ground News

Deutsche Bank AG chief executive officer Christian Sewing said that a full stop of Russian gas deliveries would tip Germany into a recession. He said that the longer inflation remains high, the greater the strain and the higher the potential for social conflict. The European Central Bank is set to sharply increase interest rates when it meets today.

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Reuters

German Bank CEO Mentions Risk in China Also Said “Germany's Recession Is Inevitable”

[FRANKFURT 7th Reuters] - Deutsche Bank Chief Executive Officer Christian Zebing said on the 7th that China is a big risk to Germany. He also said that large banks are needed in Europe in order to win competition with US financial institutions. It also showed recognition that “a recession is no longer inevitable” in Germany. I mentioned it at a meeting held in Frankfurt. The CEO pointed out that it is necessary to face the “troublesome problem” …

2 years ago·United Kingdom

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Irish Independent

Deutsche Bank CEO says Germany heading for recession

Europe's largest economy is set for contraction on the back of soaring inflation, energy supply bottlenecks and the disruption to global supply chains, Deutsche Bank AG Chief Executive Officer Christian Sewing warned.

2 years ago·Ireland

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CNBC

Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China

Deutsche Bank CEO Christian Sewing has warned that a recession in Germany is inevitable, and urged the country's leaders to accelerate its decoupling from China.

2 years ago·United States

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Benzinga

Deutsche Bank Ag (DB) – Deutsche Bank CEO Signals Recession Risks On Germany, Europe

Deutsche Bank AG's (NYSE: DB) CEO Christian Sewing warned that China was a considerable risk for Germany and that Europe needed big banks to stave off competition from U.S. banks, Reuters reported.Sewing added that Germany would "no longer be able to avert a recession" after it became too dependent on Russian energy.Speaking at a banking conference in Frankfurt, Sewing said Europe had learned how dangerous it was to be ...Full story available on…

2 years ago·New York, United States

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Bloomberg

Deutsche Bank CEO Sewing Says Germany Heading for Recession

Europe’s largest economy is set for contraction on the back of soaring inflation, energy bottlenecks and the disruption to global supply chains, Deutsche Bank AG Chief Executive Officer Christian Sewing warned.

2 years ago·United States

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Sözcü

Deutsche Bank CEO: Germany cannot avoid recession

Deutsche Bank CEO: Germany cannot avoid recession — German banking giant Deutsche Bank CEO Christian Sewing says Germany cannot prevent recession.

2 years ago·Türkiye

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German Bank CEO Mentions Risk in China Also Said “Germany's Recession Is Inevitable”

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German Bank CEO Mentions Risk in China Also Said “Germany's Recession Is Inevitable”

German Bank CEO Mentions Risk in China Also Said “Germany's Recession Is Inevitable”

Deutsche Bank CEO says Germany heading for recession

Deutsche Bank CEO says Germany heading for recession

Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China

Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China

Deutsche Bank Ag (DB) – Deutsche Bank CEO Signals Recession Risks On Germany, Europe

Deutsche Bank Ag (DB) – Deutsche Bank CEO Signals Recession Risks On Germany, Europe

Deutsche Bank CEO Sewing Says Germany Heading for Recession

Deutsche Bank CEO Sewing Says Germany Heading for Recession

Deutsche Bank CEO: Germany cannot avoid recession

Deutsche Bank CEO: Germany cannot avoid recession

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