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Germany will become the sick man of Europe without change, Deutsche Bank CEO says
Deutsche Bank CEO Christian Sewing said Germany will become the sick man of Europe if “structural issues” are not addressed immediately. “We are not the sick man of Europe,” Sewing said in his keynote address at the Handelsblatt Banken Summit 2023 on Wednesday, “but it is also true that there are structural weaknesses that hold back our economy and prevent it from developing its great potential.” “We will become the sick man of Europe if we do not address these structural issues now,” he added. The Deutsche Bank CEO said that the biggest task lies with banks, whose roles are changing in the current ... (full story)