The prospect of Donald Trump returning to the White House in 2024 poses a “fundamental” challenge for Europe, the head of the world's largest investment firm warned on Tuesday.
of daily telegraph According to reports, BlackRock Vice Chairman Philipp Hildebrand issued the warning on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland.
In doing so, he added his voice to the growing chorus from Europe fearing President Trump's return to the world stage.
European Parliament leader Verhofstadt despairs of Trump's victory in Iowa: “Democracy is fighting for survival''https://t.co/M5RR37OyU8
— Breitbart London (@BreitbartLondon) January 16, 2024
The veteran Swiss banker said the former US president's re-election would pose a “fundamental challenge to Europe,” given Trump's determination to put America first on everything from trade to diplomacy, NATO financing and climate change policy. It will bring.”
Hildebrand, a member of the company's global executive committee, responded to recent comments by European Central Bank President Christine Lagarde, saying that Trump's disagreements pose a “clear threat” to Europe. ”, he said. He is mainstream in Europe, the report said.
Last week, Lagarde warned that history shows that Trump's “manner of conducting his mandate for the first four years…is clearly a threat.”
Top banker Christine Lagarde warns that Trump is a 'clear threat' to Europe https://t.co/DEoCJVvQ2g
— Breitbart London (@BreitbartLondon) January 13, 2024
Hildebrand urged Europe to seize the opportunity to transform into a technological powerhouse that is less dependent on the United States. He added that Europe's defense capabilities were “completely non-existent” and needed to be reconsidered. Hildebrand said:
I see this as an opportunity to build Europe.
Obviously, if [Trump’s election] If it were to lead to a breakdown, which I think President Lagarde has in mind as a risk, it would pose a fundamental challenge to Europe.
Mr. Hildebrand helps oversee over $9 trillion in assets at investment giant BlackRock, the world's largest asset manager.
He spoke within hours of Trump's stunning victory in the Iowa Republican presidential caucuses, Breitbart News reported.
read daily telegraph Full report here.
