Deutsche Bank CEO Says What Everyone Knows But No One Will Say: Greece Is Toast

parthenon greece

The straight-talk express, Greece edition…

From Calculated Risk:

“Ob Griechenland über die Zeit wirklich in der Lage ist, diese Leistungskraft aufzubringen, das wage ich zu bezweifeln”
Deutsche Bank CEO Josef Ackermann, May 13, 2010

Translation: “Whether Greece – over time – is really in a position to raise its [economic] performance [to repay its debt], I doubt it” (ht U)

Also at Calculated Risk: Those Foreclosure Numbers Were Worse Than They Looked

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