BlackRock CEO Larry Fink said there was serious “pessimism” about the future of Europe at the Davos forum. However, Fink, who leads the world’s largest investment manager, took a contrarian approach, saying overwhelmingly negative sentiment about Europe’s future, the economy and capital markets could mean things are about to get better. “As a frequent visitor to Davos, I want to be clear, every week I’m in Davos, I’m always on my best behavior,” Fink told CNBC’s Squawk Box on Thursday. What Zhou learned in Davos was the profound pessimism among Europeans. I have never seen or heard such pessimism about the future of Europe,” he added. “So I would actually say now that we may be close to the bottom.” Earlier this week, UBS Group AG Chief Executive Sergio Ermotti also said of the general sentiment at Davos Agreeing, he joked to CNBC: “Whatever the consensus in Davos is, it’s not going to become reality. Jamie Dimon, chief executive of JPMorgan Chase, the largest U.S. bank, also lamented the lack of momentum in Europe, although he spoke in Davos on Wednesday He met with British Prime Minister Rachel Reeves and European Commission President Ursula von der Leyen, but they also made efforts. “I don’t think there’s anyone who doesn’t understand that they need more growth,” Dimon told CNBC. “Then there are certain things that people do that inhibit growth.” “What inhibits it is regulation, licensing, rules. I would sum it up in a nutshell: anti-business sentiment,” he added. “Everyone is aware of this, but the real skill is execution.” Dimon also mentioned the so-called Draghi Report, a widely welcomed report by former European Central Bank President Mario Draghi on how to reform the European economy. . “You can talk about it all you want,” he said. “That’s great, but they have to implement Draghi’s report.”
I have never heard such pessimism about the future of Europe | Real Time Headlines
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