Pan-Nordic Summit keynote speaker identifies Germany as biggest threat to Europe’s economy

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Forget Greece, it is Germany that poses the greatest threat to Europe’s economy, according to the views of Göran Persson, the former prime minister of Sweden, as reported in local media today.

The comment is carried in financial newspaper Dagens Industri, which cites property investor publication Fastighetsvärlden.

“Europe’s economic problems are spelled Germany,” Persson is reported to have said.

The key driver of this problem is demography: Persson suggests that the ageing population of Germany is threatening to undermine the country’s economy, which currently is acting as the engine pulling along the entire region.

A similar challenge faces Poland, the UK and France. The biggest danger among the Mediterranean countries is found in Italy, but it is not worth being worried over the future of Greece, as it is not threatening a systemic failure.

Looking outside the EU, Persson has said that the sanctions against Russia are biting, and that this may bring an end to the Putin administration.

 

Pan-Nordic

Göran Persson is the keynote speaker at the upcoming InvestmentEurope Pan-Nordic Fund Selector Summit to be held on 10-11 March in Stockholm at the Grand Hôtel Stockholm.

Persson has been both prime minister and minister of Finance in previous administrations. Further details about his participation in the event and the full programme can be found here: http://www.investmenteurope.net/event/pan-nordic-fund-selector-summit-2015/

 

 

 

 

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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