Ackermann Says Bigger Rescue Plans May Be Illegal, Bild Reports
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Increasing the size of financial rescue packages for troubled countries in Europe may be illegal and people won’t allow it, Bild am Sonntag reported, citing Josef Ackermann, Chief Executive Officer of Deutsche Bank AG.
Increasing such funds “may be right from an investor’s point of view, but won’t solve the problem,” the publication cited Ackermann as saying at a conference in Berlin on Oct. 13.