GERMANY WILL BECOME SICK MAN OF EUROPE WITHOUT CHANGE SAYS, CEO OF DEUTSCHE BANK.

 "We are more in demand than ever as risk managers and advisors. This is a great responsibility, but also a great opportunity to create new trust,” Sewing said.
″[We] must not deceive ourselves: we are still lagging behind our international competitors, even if the special economic situation caused by interest rates currently glosses over this somewhat – more for some institutions, less for others,” he added."

Sewing also listed other issues contributing to Germany’s image as the “sick man,” including high and unpredictable energy costs, slow internet connections, outdated rail networks, digitalization backlogs, a lack of skilled workers, excessive bureaucracy, and long approval procedures.

There has been much debate in recent months as to whether Germany deserves the moniker, which was first used to describe Europe’s largest economy in 1998 as it navigated the expensive challenges of a post-reunification environment."

Source:

https://www.cnbc.com/2023/09/20/germany-will-become-the-sick-man-of-europe-without-change-deutsche-bank.html