Christian Swing, CEO of Deutsche Bank, warned of the dangers of Europe’s dependence on foreign banks.
The banker compared the threat of Europe’s dependence on foreign banks to the region’s dependence on foreign energy sources, which caused the crisis. Bloomberg reports.
He stressed the need for urgent action and said: “We need to urgently change course if we are not to rely primarily on foreign banks to finance Europe’s future. No one should take this risk lightly.”
He criticized European regulators, accusing them of “tough management”.
Source: Linta. EN