Epstein Secrets

ral rise in saving preferences post-crisis, we argue that Europeans now have to become net creditors to the rest of the world. • We find that the Eurozone's NIIP needs to rise from -10% of GDP to at least 30% for Europe's current account surplus to become sustainable. We estimate that this adjustment

deas Deutsche Bank equity research analysts sometimes have shorter-term trade ideas (known as SOLAR ideas) that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the SOLAR link at http://gm.db.com. 3. Country-Specific Disclosures Australia and N

ty Research. Germany Steve Pollard Regional Head Americas Research Deutsche Bank AG Deutsche Bank AG Deutsche Bank AG Deutsche Securines Inc. Deutsche Bank Place Grolk Gallusstralle 10.14 Reale Hongkong 2-11-1 Nagatadb Level 16 60272 Frankfurt am Man International Commerce Centre. Sanno Park Tower Corn

' (a)Deabuic. 20 April 2016 (0) Deutsche Bank syndicate, 20 April 2016 Right timigg to invest in ti,ff Media Seder' n MTir.FD fer..';',,ery in the Eurozone driving advertising spendings up - has strengthened the emergence of new consumption behaviours and will drive long-term growth vvithin the Media

ion reinforces Warrant strike - E11.5. 2 market warrants for 1 new ordinary Y.a.:(J(. ] N. is the founder and CEO of Iliad Group and the co-owner Deutsche Bank's No 1 SPAC share callable if share price above €18 of the French newspapers Le Monde Group and L'Obs franchise globally and No 1 position in ECM F

Cementite funds 11% Generalists I 24% UK 22% 4 , SPAC speozzists 65% By geography Row 14% nc ra e iii 33% Vs Source: NJ Deal.* 31% (DJ Deutsche Bank syndicate. 20 April 2076 Deutsche Bank Corporate Banking & Securities Mediawan is the Fiench SPAC IPO and the largest in Europe since 2O381+1 1

become a hindrance, and what opportunities does it create? He also considers how Greece is reacting to the pressures to change and in what ways the Eurozone itself needs to adapt and develop. In our asset-class perspectives, we focus this month on Eurozone and Asia ex-Japan equities. More on these topi

G or its subsidiaries. Banking and lending services are offered through Deutsche Bank Trust Company Americas, member FDIC, and other members of the Deutsche Bank Group. Brokerage services are offered through Deutsche Bank Securities Inc., a broker-dealer and registered investment adviser, which conducts investment

become a hindrance, and what opportunities does it create? He also considers how Greece is reacting to the pressures to change and in what ways the Eurozone itself needs to adapt and develop. In our asset-class perspectives, we focus this month on Eurozone and Asia ex- Japan equities. More on these topi

AG or its subsidiaries. Banking and lending services are offered through Deutsche Bank Trust Company Americas, member FDIC, and other members of the Deutsche Bank Group. Brokerage services are offered through Deutsche Bank Securities Inc., a broker-dealer and registered investment adviser, which conducts investment

financial stability of some countries in Europe, the failure or instability of any of our significant counterparties in Europe, or a breakup of the Eurozone; continuing uncertainty in financial markets and weakness in the economy generally; continuing low or volatile interest rates; market volatility; wr

was incorporated as a limited liability company under Luxembourg law. Clearstream, Luxembourg is owned by Cedel International, sociiti anonyme, and Deutsche Bone AG. The shareholders of these two entities are banks, securities dealers and financial institutions. Clearstream, Luxembourg holds securities for its

ies from the IMF we calculate that German exports could be reduced by as much as EUR 3.3bn per year. In recent years, German exports to outside the Eurozone have grown as the economy has responded to weak demand in the single currency area. Germany's relatively strong growth compared the rest of the Eur

eas Deutsche Bank equity research analysts sometimes have shorter-term trade ideas (known as SOLAR ideas) that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the SOLAR link at http://gm.db.com. 3. Country-Specific Disclosures Australia and