MARIO DRAGHI

Deutsche Bank and more debt

We estimate the amount of debt in the financial world to exceed the amount of global debt of US$ 152 trillion (company, consumer and government debt) by far. In business one makes strategic and business plans as result of one’s scenario plans, strategic war-mapping efforts and Grey Swan analyses with the aim of getting to the future first. However, the levels of volatility and uncertainty in 2016-2018 are extremely high, and force us to try and create maximum agility in our companies. Europe will face two large Grey Swans: the first is financial, and the second political; they might, in addition, reinforce one another.

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