Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Allianz CEO Predicts Deutsche Mark Would Cause Slump, Welt Says

July 7 (Bloomberg) -- Allianz SE Chief Executive Officer Michael Diekmann said a return to the deutsche mark would cause “a deep recession” in Germany, Welt am Sonntag reported in a preview of an article that will run tomorrow.

Gross domestic product may fall 25 percent in four to five years if Germany leaves the euro and returns to using the deutsche mark, the CEO of the insurer said, according to the German newspaper.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.