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Deutsche Bank Pessimism Ackermann Warns of Renewed Financial Crisis

Josef Ackermann, the CEO of Deutsche Bank, has said that the current market volatility reminds him of the days immediately preceding the collapse of Lehman Brothers. He also blasted the IMF, saying that calls for the mandatory recapitalization of European banks are "not helpful."
Deutsche Bank CEO Josef Ackermann: "The costs of supporting weak member states are less than the costs of disintegration."

Deutsche Bank CEO Josef Ackermann: "The costs of supporting weak member states are less than the costs of disintegration."

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cgh -- with wire reports