Deutsche Bank chief economist calls for 150 billion euros in EU bank bailout-Welt

July 11, 2016 8:44 AM

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Deutsche Bank chief economist calls for 150 billion euros in EU bank bailout-Welt

FRANKFURT Deutsche Bank's (DBKGn.DE) chief economist urged the European Union to set up a 150 billion euro ($165.39 billion) rescue fund to recapitalize European banks, German newspaper Die Welt reported on Monday.

"We won't be able to avoid setting up a bigger program to recapitalize banks," David Folkerts-Landau told the daily in an interview.

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