BNP Chairman Lemierre Says European Growth Is at `Turning Point'by
Europe is at a “turning point” as low interest rates bolster economic growth in the region, according to the chairman of the largest French lender.
“It does always take time, but Europe is changing, you see the beginning of recovery,” BNP Paribas SA’s Jean Lemierre told Bloomberg Television’s David Ingles at the Asian Financial Forum in Hong Kong on Monday. Lemierre said he was more confident in Europe now than he was “one to two years ago.”
Terrorism and refugee migration still present challenges and the region will probably have to review arrangements related to the Schengen free-movement area, he said.