Wolfgang Schäuble
I don’t know why this man has not already voluntarily chosen to retire or why chancellor Angela Merkel is still holding on to this man. Someone, who does not retire in grace long after the zenith has passed is a sorry person.
He is mildly said an embarrassment!
Profits Of 25% Are Not Acceptable!
The German finance minister is quoted as saying “Die Zeiten, in denen im Bankgewerbe eine Rendite vor Steuern von weniger als 25 Prozent als nicht erträglich angesehen wurde, sind vorbei” (source). Roughly translated: The times, when profits before taxes of of 25% or less were not acceptable, are over.
Where is this fool getting this notion from? How many banks were making anywhere near this kind of profit? For how long or when?
If any bank made any such profits over extended periods of time, then competition was lacking. Mr. Schäueble is totally inept to recognize.
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