Politicians Start to Understand Europe's Competitiveness Task, BBVA Chair Says -- Market Talk

Dow Jones

Jan 23, 2025

1328 GMT - Europe's politicians are starting to understand what needs to be done to make the continent more competitive and bridge the current investment gap, BBVA's chair told CNBC at the World Economic Forum in Davos. This is partly due to all the talk at the event around competitiveness, Carlos Torres Vila says. "I think they're coming to understand, and I think M&A is back on the table in Europe," he adds, pointing to the need for larger companies across industries. He highlights the need to push for a capital markets union so that Europe's large savings stay in the continent to invest in European projects. In the meantime, a banking union is essential as three quarters of the financing for investment comes from banks while the remaining quarter is from capital markets, he adds. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

January 23, 2025 08:28 ET (13:28 GMT)

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This is partly due to all the talk at the event around competitiveness, Carlos Torres Vila says. \"I think they're coming to understand, and I think M&amp;A is back on the table in Europe,\" he adds, pointing to the need for larger companies across industries. He highlights the need to push for a capital markets union so that Europe's large savings stay in the continent to invest in European projects. In the meantime, a banking union is essential as three quarters of the financing for investment comes from banks while the remaining quarter is from capital markets, he adds. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 08:28 ET (13:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Politicians Start to Understand Europe's Competitiveness Task, BBVA Chair Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPoliticians Start to Understand Europe's Competitiveness Task, BBVA Chair Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-23 21:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1328 GMT - Europe's politicians are starting to understand what needs to be done to make the continent more competitive and bridge the current investment gap, BBVA's chair told CNBC at the World Economic Forum in Davos. This is partly due to all the talk at the event around competitiveness, Carlos Torres Vila says. \"I think they're coming to understand, and I think M&amp;A is back on the table in Europe,\" he adds, pointing to the need for larger companies across industries. He highlights the need to push for a capital markets union so that Europe's large savings stay in the continent to invest in European projects. In the meantime, a banking union is essential as three quarters of the financing for investment comes from banks while the remaining quarter is from capital markets, he adds. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","BBVA":"西班牙外换银行"},"translate_title":"BBVA主席表示，政界人士开始了解欧洲的竞争力任务——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBVA":1},"content_text":"1328 GMT - Europe's politicians are starting to understand what needs to be done to make the continent more competitive and bridge the current investment gap, BBVA's chair told CNBC at the World Economic Forum in Davos. This is partly due to all the talk at the event around competitiveness, Carlos Torres Vila says. \"I think they're coming to understand, and I think M&A is back on the table in Europe,\" he adds, pointing to the need for larger companies across industries. He highlights the need to push for a capital markets union so that Europe's large savings stay in the continent to invest in European projects. 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