Kommentar: Passt auf die Deutsche Bank auf
Die Übernahme der Commerzbank durch Unicredit ist fast schon eine Tatsache. Den Verlust einer weiteren Großbank kann sich der Standort Deutschland nicht leisten.
The summer break has ended, and the end of the vacation period in the Frankfurt financial scene is traditionally marked by the bank summit of the Handelsblatt newspaper. This year’s gathering kicks off on Wednesday, far from being routine, as the German rival Commerzbank stands on the brink of being taken over by the Italian competitor Unicredit.
This is not the catastrophe that would cause the financing of the German middle class to collapse, nor would the financial center of Germany sink into insignificance. As a good European, one must acknowledge that Unicredit CEO Andrea Orcel’s bold move for the Commerzbank contributes to creating a genuine internal market for finance in the Eurozone.
However, these points do not change the fact that the impending takeover is a deep cut. Large banks are strategic assets in politically turbulent times, as the major European economic powers have at least two private, internationally active institutions. Germany will likely remain the Deutsche Bank in the future, indicating that the politically naive easing by the federal government of the Commerzbank takeover must come to an end.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
