Afp Contributor | Dpa | Getty ImagesDeutsche 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 macroeconomic climate.
This is a great responsibility, but also a great opportunity to create new trust," Sewing said.
Getty Images Deutsche Bank CEO Christian Sewing
Dpa, Getty Images Deutsche Bank CEO Christian, Deutsche Bank CEO
Frankfurt, Afp, Germany, Europe