The results of the online survey of the 30th edition of the Workshop “The Outlook for Economy and Finance” (Friday, April 5 and Saturday, Aprile 6 2019) Villa d’Este, Cernobbio.
In the second session of the second day of “The Outlook for the Economy and Finance” Workshop, the theme of competitiveness was discussed.
The absolute majority (86.2%) of the 200 businessmen present believe that without a single market, the euro and European institutions, member states would be much worse off. In fact, only 7.6% believe that the situation would be better.
In terms of the actions of the European Central Bank, sentiment is absolutely positive for 78.7% of the entrepreneurs involved in the survey.
In terms of the most significant competitive challenges for the banking sector, in first place—cited by 27.2% of respondents—were digitalization and the new business models connected with it. This was followed by regulatory measures and compliance (21.6%) and the need for cost reduction (13.6%).
Panel Competitiveness of Europe and European Financial Markets Moderatore Mario Monti Klaas Knot Yves Mersch
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