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Despite Recent Good News, European Economy Not Likely To Improve Soon, Says Henkel CEO

August 15, 2013: 12:00 AM EST
In an interview with Bloomberg reporters, Kasper Rorsted, CEO of Henkel AG said Europe’s economy is the only one he really worries about, even though the  European Union reported recently that the region has finally emerged from a record-long recession during the quarter, led by France and Germany. Rorsted noted that Europe still has 28 million people out of work, and can’t rely on population increases or lower fuel prices to boost the economy. He said in the longer term a free trade agreement with the U.S. might provide an answer to the problem.
Lauren Coleman-Lochner , "Henkel CEO Sees No Short-Term Catalyst for Europe Rebound", Bloomberg, August 15, 2013, © BLOOMBERG L.P.
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