Europe may appear less dynamic than the USA and China, but the continent's strengths are often underestimated. In this video, Philipp Lisibach, CIO Europe at LGT Private Banking, and Professor Dr Jan-Egbert Sturm, Director of the KOF Institute at ETH Zurich, discuss both Europe's advantages and its challenges.
In conversation: Philipp Lisibach and Professor Dr Jan-Egbert Sturm (German video with english subtitles)
While Europe debates, America and China are pulling ahead. Europe is economically significant, but it is under structural pressure. Its financial markets are fragmented, it lacks a common defence policy and major political decisions require all 27 member states to agree.
Yet Europe has real strengths that need to be re-mobilised: industrial depth, the single market, the rule of law, political stability and the ability to act as one when it chooses to. Europe must address and remove structural weaknesses in order to be fit for the future.
Jan-Egbert Sturm has been Professor of Applied Macroeconomics at the Department of Management, Technology and Economics (D-MTEC) as well as Director of the KOF Swiss Economic Institute at ETH Zurich since October 2005. He is the managing editor of Economic Systems and sits on various committees and boards in Switzerland and abroad.
Philipp Lisibach is Chief Investment Officer Europe and Head Investment Strategy & Themes for LGT Private Banking in Zurich. In this role, he is responsible for the LGT Europe House View, which includes macroeconomic forecasts, tactical investment positioning as well as thematic investments and research. Philipp Lisibach is Chairman of the LGT Europe Investment Committee.
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