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.1 -10.4 -12.5 6.5 -1.4 4.0 7.5 -61.3 EFTA01464546 5.4 -7.5 -8.1 9 8 6 1 -1.5 -6.9 1.8 -5.0 6.0 -1.8 11.5 -1.4 11.2 4.6 11.6 Western Europe -59.4 -64.8 -88.4 -98.9 -112.8 -125.6 -118.5 -109.0 -93.9 -61.1 -60.8 -63.2 -66.4 Germany -29.1 -29.1 -35.9 -39.3 -45.8 -50.6 -47.9 -44.7 -43.0 -2
uments and Exchange Law: Company name - Deutsche Securities Inc. Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan
ity, and the European Union along with the euro area. This political and institutional evolution has coincided with an historically long peace in Western Europe. The geopolitical freeze imposed by US and Soviet occupation during the Cold War delivered the first 45 years of peace. But for the last 25 years,
an: Approved and/or distributed by Deutsche Securities Inc.(DSI). Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association and The Financial Futures Association of Japan. Co
.0 4.7 1.4 -7.3 -9.1 -10.4 -12.5 6.5 -1.4 4.0 7.5 5.4 -7.5 -8.1 9.8 6.1 -1.5 -6.9 1.8 -5.0 6.0 -1.8 11.5 -1.4 11.2 4.6 11.6 Western Europe -59.4 -64.8 -88.4 -98.9 -112.8 -125.6 -118.5 -109.0 -93.9 -61.1 -60.8 -63.2 -66.4 Germany -29.1 -29.1 -35.9 -39.3 -45.8 -50.6 -47.9 -44.7 -43.0 -2
uments and Exchange Law: Company name - Deutsche Securities Inc. Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan
Entities connected to both Western Europe and the Kanto Local Finance Bureau

North America
LOCATION
United Kingdom
LOCATION
Deutsche Bank
ORGANIZATION
Frankfurt
LOCATION
New Zealand
LOCATION
Moody's
ORGANIZATIONDeutsche Bank AG Johannesburg
ORGANIZATIONBaFin
ORGANIZATION
Norway
LOCATION
Bloomberg L.P.
ORGANIZATIONStandard & Poor's
ORGANIZATIONNippon
ORGANIZATION
South Africa
LOCATIONthe Prudential Regulation Authority
ORGANIZATION
Malaysia
LOCATION
Belgium
LOCATION
Hungary
LOCATION
Hong Kong
LOCATIONDeutsche Bank Securities Inc.
ORGANIZATION
Finland
LOCATION