Deutsche Bank CEO Ability to Pay The loan doubted Greece

Chief Executive Officer of Deutsche Bank AG, Josef Ackermann, said that there is the possibility of Greece will not be able to pay its debts as a whole, but it will still be discussed again. Greece should immediately stabilize the country's economic conditions due to the crisis because of these conditions adversely affect the other State. However, Ackermann was not sure of Greece will be able to repay the loan at a specified time. European policy makers announced that there are about $ 1 trillion in loans that have been provided to assist the European countries that were hit by the financial crisis.

According to Ackermann, Greek debt restructuring should be prevented and it must be increasingly pressured to Greece more aggressive in cutting back on spending his country. Ackermann also said that Italy and Spain is still strong enough to sustain their own debt, and the increasingly alarming today is Portugal. German financial companies including Deutsche Bank and Allianz SE will provide funds amounting to 4.8 billion euros to replace the Greek government bond that matures on May 6, 2013 by selling new bonds or invest in other forms. Ackermann said that he did not see any high inflation in the European area during the next two or three years, he just sees a fundamental strength for the euro currency.