Europe Needs to do Something About Growth, Allianz CEO Says -- Market Talk
Dow Jones
Jan 21, 2025
1406 GMT - Europe's leaders should focus on growth regardless of U.S. President Trump's policies, the CEO of the German insurer Allianz tells Bloomberg at the World Economic Forum in Davos, Switzerland. "We should not point to Mr. Trump. We should look in front of our own house, take the sweeper and start working... There's tons of stuff to be done," Oliver Baete says. The clear issue is that Europe's growth trend has come down massively and political leaders need to be convinced that of the need of having growth in the first place, he says. "It's only slowly but surely getting to the mind of the leaders that we need to do something about it," he adds. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 09:07 ET (14:07 GMT)
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