Bosch warns of ‘extremely critical’ eurozone

Bosch, the world’s biggest car parts supplier, warned in September 2011 that the eurozone had entered 'an extremely critical situation', reflecting industry fears that governments are failing to get a grip on the sovereign debt crisis.

Separately, Josef Ackermann, chief executive of Deutsche Bank, warned on the 5 September 2011 that market conditions had begun to resemble the build-up to the financial crisis in 2008. He said it was plain that several European banks 'would not survive having to revalue sovereign debt held on the banking book at market levels'.

ESO: Background information: Fears rise again over Europe debt crisis / Eurozone fears resurface http://www.europeansources.info/record/fears-rise-again%e2%80%89over-europe-debt-crisis-eurozone-fears-resurface/

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