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From usual sources close to FAZ

Hans Redeker, of BNP Paribas, said such tactics were already being mooted in regions of the country. "The Landesbanken business model is going to be reduced from an international to a domestic business model," he said. Many German operations, including West LB, had significant UK interests which, he said, are now under scrutiny.

"There is going to be euro strength, and sterling weakness, down to euro repatriation. I assume that by the end of this year the pound and euro hit parity and sterling may even fall further."

Good better move the yacht from Widnes to Antibes

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