Shock Deutsche Bank. Because the markets fear new banking crises

“It’s like a fire in the neighbourhood: our house is made of fireproof material, we have fire extinguishers and the firefighters are ready to arrive, but we are still afraid it will spread”, explains Antonio Cesarano of Intermonte

Despite the assurances given to Eurosummit by the president of the ECB, Christine Lagardeon the robustness and resilience of the banking sector and on the willingness to provide liquidity to the financial system should it be necessary, today the European stock exchanges closed a new day of turbulence badly for fears that the fires of a new banking crisis are smoldering under the ashes and which, moreover, could directly concern the Eurozone: Deutsche Bank. The intervention of the German chancellor Olaf Scholzwho basically said that there is no reason to worry because the institute is very profitable, managed to only partially appease investors’ anxiety (the stock lost more than 12 percent and then closed to minus 6 per cent, in line with the declines experienced by other large European banks).