(Finance) – “There is Too much pessimism on Europe“. He said it Larry FinkCEO of Blackrockto the final event of the World Economic Forum in Davos. “I think it is probably The time has come to invest again In Europe, “he said, adding that there were still progress to be done in areas such as the union of capital markets.
“For the USA – he continued – I think the perspective is the continuation of its strength. Any company, large or small, can find capital and this foundations give it a skill, for the strength of its capital markets, to reconstruct and change direction, and change faster than any other economy in the world. Trump is able to unlock capital with less regulation and this allows the US to be less tied by his budget problems “.
In another step, he said that “theEurope is a mythbut it is not working in comparison with the United States, in terms of growth, innovation, ability to change. Europe must be on the same level, but I don’t see Europe move quite quickly. I see that all the elements are there, and for this reason I am optimistic, but you have to admit the problems “.
On inflation and the yields of the bonds, Fink said that “the bond market informs us about the mood of the global economy. And it is indicating that inflation could be slightly wider than expected”. So we could be “slightly pleased“.