Soros Bets $110m Shorting Germany's Biggest Bank

Chris Menahan
Jun. 29, 2016

George Soros is looking to take down Germany's biggest bank...

Via The Daily Express:
BILLIONAIRE investor George Soros took out a staggering 100MILLION bet that a major German bank would collapse after Britain decisions to cut ties with the crumbling EU.

The man who "broke the Bank of England" took a short position of 0.51 per cent in Deutsche Bank shares on Friday - the day after the people of Britain backed Brexit.

In growing signs that desperate Angela Merkel's economy is struggling in the wake of the nation's decision to leave the EU - Soros Fund Management said its short position was now 0.46 per cent - suggesting it had begun to take profits from the trade.
Since the momentous decision, shares at Deutsche have dramatically slumped.

At one point, shares were down by more than 13 per cent compared with Friday's high point.

By early on Tuesday afternoon, they were down by 7.9 per cent from that level.
Angela Merkel's sacrificing Germany on the altar of multiculturalism is what brought down the EU, not Brexit.

The UK is just the first nation to jump ship. Now, studious hard working German savers who have been disciplined with their money have internationalist vultures circulating overhead eagerly seeking the collapse of their nation's largest bank.

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