FRANKFURT (Reuters) – A return to the D-Mark would throw Germany’s economy into a deep structural crisis, the chief executive of Europe’s biggest insurer was quoted saying, adding such a move would be “irresponsible”. “In this scenario, Germany would slide into a deep depression with GDP dropping by double digits for a while, ultimately losing 25 percent … within four to five years,” Allianz CEO Michael Diekmann was quoted saying in German weekly Welt am Sonntag in an interview. “Our calculation shows returning to the deutschmark would be irresponsible. …
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