Vote of No Confidence: Deutsche Bank Dumps 70% of Spain, Portugal, Ireland, Greece, Italy Debt

"Courtesy of Google Translation, El Pais reports Deutsche Bank reduces its exposure to 70% Spanish debt and other peripherals

The German bank Deutsche Bank has reduced by 70% exposure to debt issued by countries of the periphery of the euro as Spain, Portugal, Ireland, Greece and Italy in the first six months of the year to 3.669 million euros, according reported by the entity. In particular, Germany's biggest bank by assets reported June 30 that its net exposure to the Spanish sovereign debt was 1,070 million euros, 53% less than at the end of 2010, while 87.5% cut their Italian debt exposure, which stood at 996 million..."

at  http://globaleconomicanalysis.blogspot.com/2011/07/vote-of-no-confidence-deutsche-bank.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29