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Alex Kraus | Bloomberg | Getty Images
Ralph Hamers, Chief Executive Officer of ING Groep NV, spoke at the banking summit organized by Handelsblatt in Frankfurt, Germany, on Wednesday, September 6, 2017. Deutsche Bank Managing Director John Cryan has called on at the end of the era of cheap money. in Europe, saying that the long substantive period
"There is some uncertainty about US-Chinese trade – the question is whether it's a trade war or it's just about technology, or even Beyond There is some uncertainty about Brexit – will there be an agreement – do they seem to be able to postpone it and save time to get an agreement? Or will it be safe? "act of a Brexit without agreement," acknowledged Hamers.
Both events are likely to have an impact on the euro area economy, which is still recovering from the 2011 sovereign debt crisis. "Just react following some of these developments," he said. Hamers suggested to the ECB.
Some bankers have criticized the low interest rates in the euro area, which would have traditionally damaged the balance sheet of lenders in the region. According to the latest ECB forecast, the central bank does not expect any rate hikes, at least by the end of the summer.
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