Josef Ackermann
Economy
IIF: Bond Swap Marks Important Step To Resolving Greek Crisis
The Institute of International Finance, a lobby group for the world's largest banks, welcomed the results of the Greek debt swap on Friday, saying it will help stabilize the euro-zone economy and allow Greece time to implement reforms and...
Economy
IIF: Talks With Greek PM On Debt Deal 'Constructive'
Tuesday's talks between Greece's prime minister and the country's private-sector creditors on a debt write-down plan were "constructive," a spokesman for the creditors said, adding that consultations between the sides will continue.
Prime Minister Lucas Papademos met late Tuesday with...
Economy
Ackermann May Travel to Athens This Weekend for Greek Talks
Deutsche Bank AG Chief Executive Officer Josef Ackermann said he’s confident a voluntary swap for Greek debt can be reached and that he may travel to Athens this weekend for the talks.
Private creditors are facing a loss in net...
Economy
Josef Ackermann Says Greek Default Would Be ‘Playing With Fire’
The economic and political consequences of Greece defaulting instead of reaching a voluntary debt-restructuring deal are being underestimated, Deutsche Bank AG (DBK) Chief Executive Officer Josef Ackermann said.
“Default risk is much higher than what people normally take into account,”...
Economy
Deutsche Bank CEO Says Greece Must Not Exit the Eurozone
Deutsche Bank CEO Josef Ackermann said on Sunday, November 6, that a Greek exit from the Eurozone should not even be considered as a possible future scenario if European leaders wish to prevent contagion of the Greek debt crisis...
Economy
Deutsche Bank Boss in Talks over Greek debt: Report
The head of Germany's biggest bank, Deutsche Bank, is conducting talks over a 50-percent write-down of Greek debt in his capacity as chairman of the global banking lobby, a newspaper reported Sunday.
Citing both government and banking sources, the mass...