Allianz’s chief Real Zombie Queens October Birthday Shirt executive warned that there were many “corpse companies” that existed only thanks to government support, but said that households had demonstrated more resilience than many thought during the pan-crisis.
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“We’re disguising these basic effects, we have a lot of corpse companies that currently exist because they’re getting government money, we have a lot of jobs around or part-time that will be lost, certainly by 2021,” Oliver Baete said.
The insurance giant’s boss told the Real Zombie Queens October Birthday Shirt Wall Street Journal’s CEO board that private households had proved themselves “much stronger than we thought” during the coronavirus crisis, but warned that individuals were too focused on trying to save.
Baete said: “People need to get out of the gear box and with the right policy measures, start investing again.
The chief executive also said there needed to be a shift towards a “more sustainable” economic model after the Covid-19 epidemic, adding that spending needed to shift from consumption to investment.
“We are still accustomed to spending too much money on consumption while urging policymakers” use of the Real Zombie Queens October Birthday Shirt “crisis to” really tilt and turn the investments where necessary”.
Speaking at the same event, Santander executive chairman Ana Botin warned that there were difficult times ahead as the second wave of Covid-19 infections began sweeping around the world.
“My worry is what’s going to happen from here, my worry is that we’re going into the Real Zombie Queens October Birthday Shirt second wave, maybe even the third at some point, where things can get a lot harder,” she said.
‘And that’s when we have to be very vigilant not to withdraw stimulus or support measures too soon, and I think it’s very important that we support the companies that deserve to exist and that we don’t just provide the same for everyone. , “Botin told the virtual conference.
The president also called for more coordination across Europe on responding to the virus to ensure that support will reach companies in need.
“We need to get EU funding for the right companies,” she said. Even in Europe, the rules are very different. We need a more coordinated approach over the next 10 to 12 months.”