Greeks crow over Deutsche Bank woes

Rest in peace: just one of dozens of images posted by Greeks mocking Germany over the troubles of its largest bankImage copyright
Twitter

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“Rest in peace”: just one of dozens of images posted by Greeks mocking Germany over the troubles of its largest bank

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.

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Twitter

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This sarcastic poke reads: “Our thoughts are with the bank in these difficult times”

“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.

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Twitter

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“They’ve emptied the supermarkets in Germany. Chaos! Panic!” This jokey tweet includes a picture which is actually from Venezuela

Many poked fun at the what they felt was a German habit of wearing socks and sandals together.

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Twitter

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Translation: “We are all” – a reference to an anti-austerity slogan repeated in Greece and elsewhere at key points during the country’s debt crisis and bailout talks

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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