German top economist warns banks will go bankrupt

14 Sep    Europe Banking
Sep 14

German top economist warns banks will go bankrupt

123 billion Euros are missing in the Europe’s major banks. The warning comes from the German economics professor Sascha Steffen of the University of Mannheim.
– We will not be able to avoid some European banks failing, he says.

Homepage: http://www.sascha-steffen.de/