Ackermann Says Spanish Contagion ‘Not Off Table,’ N-TV Reports
Deutsche Bank AG (DBK) Chief Executive Officer Josef Ackermann said that while the solution to Greece’s crisis reduced the risk of contagion to Spain and Portugal, such a scenario is “not completely off the table,” N-TV reported.
Europe has “taken good steps” in solving its debt crisis, N-TV cited Ackermann as saying in an interview. He added that some “fundamental tasks” remain, with the biggest being in mid-term growth and unemployment, N-TV reported.
If Europe’s debt problems are solved in five years, it would represent a “fantastic achievement,” Ackermann also told the news channel.
While Europe has “all chances and a huge potential” to find a solution to the debt crisis, “brave steps” are needed, the TV station cited him as saying.
To contact the reporter on this story: Niklas Magnusson in Hamburg at firstname.lastname@example.org
To contact the editor responsible for this story: Angela Cullen at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.