Bloomberg News

Deutsche Bank Chief Says Sovereign Crisis to Remain for Months

January 16, 2012

Jan. 16 (Bloomberg) -- Deutsche Bank AG Chief Executive Officer Josef Ackermann said the sovereign debt crisis will continue for at least the “coming months.”

Europe will remain a “central” issue in the next months as countries implement the necessary reforms, according to the copy of a speech held by Ackermann in Berlin. Germany is likely to experience a “slight recession” in the first half of the year, according to the speech text.

To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net


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