There’s not much love lost between Greece and Germany.
The German government has led demands for tough conditions on Greek public finances in exchange for a series of bailouts. Many in Greece blame German decisions for instability, recession and unemployment.
So when the stock of Deutsche Bank, the publicly-traded corporation that is one of the cornerstones of the German financial system, hit a 30-year-low this week, Greeks responded with heaps of schadenfreude.
“Deutsche Bank” was the top trending phrase on Twitter in Greece for a short time, with more than 22,000 tweets – nearly all of the most retweeted ones were in Greek.
Many poked fun at the what they felt was a German habit of wearing socks and sandals together.
Financial stocks have been hit hard recently as a knock-on effect of worries about the global economic outlook and slumping commodities markets. Deutsche Bank has been dogged by a series of scandals and lawsuits in recent years, and recorded a record loss of €6.8bn last year. On Wednesday, shares made a partial recovery amid reports that the bank would buy back some of its outstanding debt.
Translations by Chloe Hadjimatheou
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