For the German government not to take part [in a rescue] could cause the downfall of Schroeder. |
No-one wanted to take the blame for cutting 7,000 jobs. |
Nobody wants to fill what would a very big hole indeed. |
There is a bit of a mixed picture. 4Q was definitely good to them, but the costs are definitely disappointing. |
There was a build-up of evidence against [Martini] and clearly they were under heavy pressure to resign. They just threw in the towel. |
This gives you an idea of the mentality going on inside this bank. |
This is a takeover, not a merger of equals. |
You are looking at a bank with a cost base going out of control. |