Germany’s Chancellor Angela Merkel has got to be the worse politician in history when it comes to understanding the economy. Merkel has ruled out any state assistance for Deutsche Bank AG in the year heading into the national election in September 2017 according to Focus magazine citing unidentified government officials. Merkel is just incapable of making any rational decisions whatsoever. This policy means any German who has money in Deutsche Bank is at risk and she may set off a major banking crisis if there is a run on the bank in mass.
This is the very same policy Merkel applied to Greece that resulted in her image collapsing in July 2015 so she then opened the gates to the refugees. Merkel’s economic idea are so devastating it is a complete joke. She will destroy the Germany economy for a bail-in with Deutsche Bank will shatter the German economy and most likely result in the final destruction of the euro.
This post was published at Armstrong Economics on Sep 26, 2016.
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