Italy is Falling Behind, Kapoor Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 30 May 2018
⏱️ 34 minutes
🧾️ Download transcript
Summary
Paul Donovan, UBS Chief Economist, says by and large, Europe has emerged from the recession but there are persisting problems. Sony Kapoor, Re-Define Managing Director, says far too many Euro-related policies are driven by Germany's economic weight. Megan Greene, Manulife Asset Management Managing Director & Chief Economist, says the Fed does not want to be in the headlines for rising inequality in the U.S. Michael Feroli, JP Morgan Securities Chief U.S. Economist, is unsure of where we are in the business cycle but think it's safe to say we're not early in it.
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| 0:00.0 | Business stories aren't just about business. They're also about policy, politics, finance, and more. |
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| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
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| 0:57.0 | Let's begin with Paul Donovan. He is the chief economist for UBS joining us from |
| 1:08.6 | London. Paul Donovan, thank you very much for being with us. Your most recent note has to do with, as you describe it, the Italian job and you counsel that |
| 1:19.7 | everyone needs to take a deep breath and calm down. |
| 1:23.4 | All right, so now that we've calmed down, |
| 1:25.8 | what should we know? |
| 1:29.2 | Well, I think what we should know first and foremost |
| 1:31.5 | is that no one is suggesting that Italy should leave the euro. Neither of the |
| 1:38.0 | anti-establishment parties are suggesting it and certainly none of the |
| 1:40.9 | establishment parties are suggesting it. So any |
| 1:44.1 | thought that there's going to be some kind of existential crisis for the euro I |
... |
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