Shares of Commerzebank has dropped 68 per cent this year.
Shares in Commerzbank have dropped after a report suggested that Germany is prepared to nationalize the bank if needed.
Der Spiegel, citing government sources, reported on Sunday that Germany could reactivate a rescue fund and buy shares if its second-largest bank cannot raise money by June 2012.
Shares fell 5.3 per cent in early trading. They have dropped 68 per cent so far this year.
The German government already has a 25 per cent stake in the bank. German banks – heavily exposed to eurozone debt that is the focus of the current financial crisis – have been hit this year and Commerzbank is considered one of the weaker banks.
Its shares fell 22 per cent alone last month.
Source: The BBC
I have earlier written, that as long as the Germans are willing to fund the over spending Catholic Latino-south, the party can go on.
But with the second largest bank in Germany on the edge of Bankruptcy, the present Euro-zone seems to have reached the end of the road.
In fact, the German politicians have destroyed their own banking sector.
Who gave them authority to force Commerzebank to buy rotten Greek debt, and a few months later force the same bank to write off 50 per cent of the amount as loss?
Would anyone buy fresh shares in such a bank, which is already as nationalized as the banks of the good old Sovietunion?
It a shame, and an ongoing disaster, that the Germans do not force Angela Merkel to resign.
They could do so by simply refuse to pay any more taxes to a government in Berlin, who put their money on fire.
The return of totalitarianism and Fascism is just around the corner. The very elite in Europe paves the way for the kingdom of the final anti-Christ.
The EU will enforce all banks in Europe to buy and sell Euro-bonds.
These bonds will nullify both the debts and active held by states in Europe, and create a new order of economics The new Euro bond will be hardly different from the “war bonds” sold by Nazi-Germany.
Such bonds were sold with a promise to make a united Europe and get in place a uniformed government. The buyers got nothing back but total destruction.
When the Euro Bond comes, all Europeans will sail on the same ships of fools. If you are going to trade in the European bond market, there will be only one valid paper. You can neither sell nor buy without it. To get the perfect stability in place, there will only be one currency. And it will be deposited into your account, only as an electronic number. The “currency” will shift from one place to another, by using electronic devices.
The last World regime will be a cruel system, the worst that our planet has ever faced. The last World Bond will be sold to establish and make this regime strong.
When they fall, they will receive a little help, and many who are not sincere will join them. Some of the wise will stumble, so that they may be refined, purified and made spotless until the time of the end, for it will still come at the appointed time.
“The king will do as he pleases. He will exalt and magnify himself above every god and will say unheard-of things against the God of gods. He will be successful until the time of wrath is completed, for what has been determined must take place. He will show no regard for the gods of his ancestors or for the one desired by women, nor will he regard any god, but will exalt himself above them all.
Instead of them, he will honor a god of fortresses; a god unknown to his ancestors he will honor with gold and silver, with precious stones and costly gifts. He will attack the mightiest fortresses with the help of a foreign god and will greatly honor those who acknowledge him. He will make them rulers over many people and will distribute the land at a price.
Written by Ivar