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FRANKFURT (Reuters) – Deutsche Bank’s Chief Executive had a series of meetings with Germany’s deputy finance minister before and immediately after it announced merger talks with a state-backed rival, according to information revealed by the government 18k rose gold cufflinks. The contact underscores the attention Germany’s finance ministry has given to the country’s largest bank at a critical juncture that will determine whether the state becomes a shareholder in the group. In a letter answering a question from a German lawmaker, seen by Reuters, the government said Deutsche CEO Christian Sewing had met three times this year with Germany’s deputy finance minister, Joerg Kukies..
Two of those meetings happened in January, while the third was on March 18, the day after Deutsche and Commerzbank publicly confirmed they were in talks about a possible merger. Fabio De Masi, the leftist lawmaker who made the information request, said the meetings showed finance minister Olaf Scholz, and his deputy, had been important in influencing talks, even though they have sought to distance themselves. “In reality, Scholz and Kukies hold the key,” he said, adding a merger would be a risk for taxpayers and cost thousands of jobs. “A banking champion is a dangerous idea 18k rose gold cufflinks. Putting two turkeys together won’t produce an eagle.”..
A spokesman for the finance ministry said Kukies meets “with many representatives of banks .. on numerous occasions” because of his job, and declined to comment on the merger talks 18k rose gold cufflinks. Deutsche Bank declined to comment. Deutsche Bank’s exploratory talks with Commerzbank come after prodding by Germany’s finance ministry, which is worried about the future of the country’s biggest bank. Any deal would see Berlin become a shareholder in the combined group, which one German official said would need up to 10 billion euros ($11 billion) of fresh capital because of restructuring costs and the fact losses on investments could be triggered..
BRUSSELS/PARIS/WASHINGTON (Reuters) – U.S 18k rose gold cufflinks. President Donald Trump on Tuesday threatened to impose U.S. tariffs on $11 billion worth of European Union products, heightening tensions over a long-running transatlantic aircraft subsidy dispute and opening a new front in his global trade war. The United States and Europe have been locked in a years-long spat over mutual claims of illegal aid to plane giants, Netherlands-based Airbus and U.S.-based Boeing Co, to help them gain advantage in the world jet business..
The case, which has been grinding its way through the World Trade Organization for almost 15 years, is approaching the final stages of arbitration 18k rose gold cufflinks. “The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of EU products!” Trump said on Twitter. “The EU has taken advantage of the U.S. on trade for many years. It will soon stop!”. Trump’s public attack on the EU came even as his administration has yet to hammer out trade deals with China and neighbors Mexico and Canada..