Larry Fink on the New York Stock Exchange
The pessimism of the markets around Europe is exaggerated and it could be time to invest again in the region, said Larry Fink, president of Blackrock, said on Friday at the Davos World Economic Forum.
The economy of the euro zone started 2025 with a modest return to growth, according to the PMI activity indicators published on Friday, the stability of the activity of the services in January having been supplemented by an attenuation of the long -term slowdown in manufacturing industry.
“There is too much pessimism towards Europe,” said Larry Fink during a debate on the global economic prospects in Davos.
“I think it is probably time to invest again in Europe,” he added, adding that certain areas can still be improved, such as the Union of Capital Markets.
During the same debate, the director general of the International Monetary Fund (IMF) Kristalina Georgieva and the president of the European Central Bank (ECB) Christine Lagarde agreed that Europe should improve the mobilization of its capital in order to stimulate its economy.
-“We must keep the talent with us and we must keep our savings with us,” noted Christine Lagarde before affirming that the economic challenges that stand in front of Europe with the return of Donald Trump to the White House represented a “Existential threat”.
“If European leaders manage to pull themselves together and respond to this existential threat, there is enormous potential for Europe to answer the call,” she added.
(Written by Dhara Ranasinghe; French version Pauline Foret; edited by Augustin Turpin and Blandine Hénault)
