Association of German Banks´ President: buying time no longer enough - policymakers need to get serious about austerity measures

21 November 2011 - "Europe is at a crossroads", said Andreas Schmitz, President of the Association of German Banks and Chairman of the Management Board of HSBC Trinkaus & Burkhardt AG, at a press conference held today following the meeting of the Association?s Board of Directors in Frankfurt. The debt crisis could no longer simply be resolved by adopting rescue mechanisms, however clever these might be. "Political solutions urgently need to be found", Mr Schmitz added.

 
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