The fall of German banking, Long-run economic growth and development in CESEE
Commentary: The fall of German banking
By David Marsh in Berlin
The collapse of merger talks between Deutsche Bank and Commerzbank, the No.1 and No2. German lenders, marks the latest episode in a 30-year downward spiral of German banks that were once by far Europe’s best capitalised financial institutions. Chancellor Angela Merkel and Finance Minister Olaf Scholz will now face pressure from France and other European...