Munich Re reassures investors
German reinsurance giant Munich Re reassured investors yesterday with an advance release of its 2007 earnings, which exceeded their target and suggested the group had escaped serious damage from the US subprime crisis.
MUNICH Re sustains the introduction of fiscal union and a common budgetary policy at EU level, as a solution to the current macroeconomic situation, caused by the sovereign debt crisis, that threatens to destabilize the entire continent.