Bureau Chief for Germany, Austria, Switzerland
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Sep 16, 2014

Deutsche Bank CEO backs Berlin in euro reform debate

FRANKFURT (Reuters) – The co-head of Deutsche Bank (DBKGn.DE: Quote, Profile, Research) has backed the German government in a debate over how to jump-start the stalled euro zone economy, telling Reuters that structural reforms, rather than looser fiscal policy, are what is needed to boost growth.

Anshu Jain, who along with Juergen Fitschen has run Germany’s largest bank since 2012, said asking Berlin to spend more money to bolster the European economy was not the right approach, putting the onus squarely on other countries where the pace of reform has disappointed.

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    • About Noah

      "I run the Reuters news operations for Germany, Austria and Switzerland based in Berlin, and write regularly about German politics and European economic issues. I've reported from over 20 countries for Reuters since joining in the mid-1990s, including stints in Paris, London and New York."
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