July 1 (Bloomberg) -- Bundesbank Vice President Sabine Lautenschlaeger said “no European bank is safe from considerable losses” if the region’s sovereign-debt crisis worsens, Focus magazine reported, citing an interview.
German banks are better prepared than three years ago, though they are still susceptible to the crisis, the publication cited Lautenschlaeger as saying.
There are currently no signs that investors are moving capital out of Germany because the country continues to be seen as a “safe haven,” Lautenschlaeger was cited as saying.
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