Peter Dixon has spent much of the last few months scratching his head and biting his tongue. His office boasts an impressive panoramic view of London's vast skyline, but his mind has been elsewhere. This crisis is spreading, not receding. Investors remain spooked, policymakers rattled and politicians divided. Five years in, the toxic blend of banks, bailouts and bonds refuses to disappear.
Commerzbank is a big name in European finance, one of those big German...
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