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 Francisco Gonzalez: “I have never seen BBVA so strong and with so much future”- Francisco Gonzalez: “I have never seen BBVA so strong and with so much future”
- March 17, 2012
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Mr. Gonzalez began his address at the AGM with a description of the current economic and financial climate. In 2011 global growth was slower than 2010, he said. Despite this the world's economy grew nearly 4% although in an uneven fashion.
Emerging economies grew 6.2% (Latin America 4.3%,China more than 9% and Turkey 8.5%). Growth in the USA and Europe was below 2%, with the European continent suffering an evident slowdown.
In Mr. Gonzalez’s view, “Europe is facing a vicious circle characterized by weak governance, high deficits and mounting levels of public debt, which are restricting economic growth.” Nonetheless the chairman recognized that “politicians and the population are aware of what is at stake." In this regard he not...
- View more at: http://www.1888pressrelease.com/francisco-gonzalez-i-have-never-seen-bbva-so-strong-and-wi-pr-382822.html
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