Bloomberg News

Ackermann Says Investors Need Security to Buy Sovereign Debt

December 15, 2011

Dec. 15 (Bloomberg) -- European leaders’ demands that creditors take losses on Greek sovereign debt as part of a rescue for the country increased investor uncertainty around the globe and it is “very important” that this private sector involvement is ruled out for other euro area countries, Josef Ackermann, chief executive officer of Deutsche Bank AG, said.

Banks and insurers will buy sovereign debt if the so-called PSI is taken out of the equation, he said today on a panel discussion in Berlin.

To contact the editor responsible for this story: Nicholas Comfort at ncomfort1@bloomberg.net


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