Already skiers had arisen in the streets of Davos, Switzerland, where, until then, it was more common to cross Al Gore, the former American vice-president, than a snowboard. 55e World Economic Forum ended, it was the last moment to give a little hope to the German, Italian, Swedish or French bosses, who had wandered all week, morale in their mountain socks.
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“There is too much pessimism towards Europe. It is probably time to invest again ”dropped, Friday, January 24, Larry Fink, the founder and CEO of Blackrock, the Empire which manages $ 11,500 billion in assets (10,951 billion euros). Above all, Mr. Fink was aimed at shaking political leaders: “Europe is a myth, it does not work and I do not see things moving forward”added the financier. Inevitably, the formula has annoyed Christine Lagarde, the president of the European Central Bank, even if she recognized that the European Union does not “Does not work as a single market”.
-The good news? The threat represented by the arrival of Donald Trump to the presidency of the United States appears if “Existential”according to the expression of Mme Lagarde, that she forces European leaders to act. “We can hope that it will occur the same reaction as in 1992, when the external shock represented by the fall of the Soviet Union allowed Europe to take a big step forward”compares Philipp Hildebrand, vice-president of BlackRock.
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