Deutsche Bank's (DBKGn.DE) chief economist urged the European Union to set up a 150 billion euro ($165.39 billion) rescue fund to recapitalize European banks, German newspaper Die Welt reported on Monday.
"We won't be able to avoid setting up a bigger program to recapitalize banks," David Folkerts-Landau told the daily in an interview.
"European banks can be recapitalized with 150 billion euros," he added .... http://www.reuters.com
