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ts adjustment supports our view that the euro area will continue to accumulate foreign assets until its NIIP reaches levels above 30% of GDP or so. Finland is an interesting case study in that it illustrates that a small positive NIIP does not necessarily turn an economy into a mature creditor nation a
k Tower Corner of Hunter & Philip Streets 1 Austin Road West.Kowbon. Chiyoda-ku. Tokyo 100-6171 Sydney. NSW 2000 Hon /(or e ~ Japan Australia Deutsche Bank AG London Deutsche Bank Secuntes Inc 1 Great Winchester Street 60 Wall Street London EC2N 2EO New York. NY 10005 United Statte of America T Global Disc
traded or listed on any of the exchanges or quotation systems located In United Kingdom, France, Germany, Italy, the Netherlands, Spain, Denmark, Finland, Sweden, Luxembourg, Austria, Ireland, Belgium, Portugal, Norway or Switzerland". Consequercos of Merger Events: Share-for-Share: Share-for-Other
February 2015 Southern Financial LLC 6100 Red Hook Quarter ST Thomas VI 00802 Our Transaction Reference Number. NY EUS612676 Dear Sir / Madam, Deutsche Bank AG London Winchester House 1 Great Winchester Street Telephone: Go Deutsche Bank Securities Inc 80 Wail Street New York, NY 10005 'Masi Relormwe Number
with less liquidity Key Economic Forecasts Advanced economies US Japan Euro area Germany France Italy Spain Netherlands Belgium Austria Finland Greece Portugal Ireland United Kingdom Denmark Norway Sweden Switzerland Canada Australia New Zealand EEMEA Czech Republic Egypt Hunga
l Locations Deutsche Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney, NSW 2000 Australia Tel: (61) 2 8258 1234 Deutsche Bank AG London 1 Great Winchester Street London EC2N 2EQ United Kingdom Tel: (44) 20 7545 8000 Deutsche Bank AG Grote GallusstraRe 10-14 60272 Frankfurt am M
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