Klaus Nieding

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Last quote by Klaus Nieding

We have a very 'hot' autumn and winter ahead of us. Key here are the unemployment figures, which will probably rise, consumption will plunge and both will have an impact on bank business, such as loan defaults. That could lead to a second phase of the financial crisis.feedback
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Jul 28 2009 Unemployment
Klaus Nieding has most recently been quoted in an article called Deutsche Bank boosts bad loan provisions. Klaus Nieding said, “We have a very 'hot' autumn and winter ahead of us. Key here are the unemployment figures, which will probably rise, consumption will plunge and both will have an impact on bank business, such as loan defaults. That could lead to a second phase of the financial crisis.”.
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