MERKEL’S WORST NIGHTMARE: Angela Told by EU – Deutsche Bank CANNOT Have Germany Bailout

• MERKEL’S WORST NIGHTMARE: Angela Told by EU – Deutsche Bank CANNOT Have Germany Bailout
  by ALIX CULBERTSON AND LANA CLEMENTS, http://www.express.co.uk/  
  DEUTSCHE Bank has been dealt a huge blow after the EU told Angela Merkel the crucial Germany bank should NOT have state aid and must survive “on its own”.
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  Jeroen Dijsselbloem said Berlin cannot be allowed to help the beleaguered bank after its shares plunged to a 33-year low today, prompting panic across Europe’s financial sector. The president of the Eurogroup – the informal body of eurozone finance minister – made the comments today outside the Dutch Cabinet’s weekly meeting. Deutsche’s German-listed stock tumbled by nine per cent on Friday morning to a new record low, after its US-listed shares fell by more than eight per cent overnight amid news hedge funds were pulling business away from the lender.
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  At the close of the Börse Frankfurt, Deutsche Bank’s shares bounced back into positive territory at 6.4 per cent, up by 0.69 at €11.57, leaving them 1.4 per cent higher for the week. The fresh sell-off rounds off a week of woe for the Germany’s flagship bank, and sent shockwaves blasting across eurozone banks. Shares in Germany’s second-biggest lender Commerzbank dived by more than six per cent, while France’s Societe Generale and Spain’s Banco Santander tumbled by around four and five per cent respectively.
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