Robert Halver, chief capital analyst at Germany’s Baader Bank is pro-EU—by necessity.
Eurozone shares dropped after the G-7 summit. It was due in part to holidays in the U.K. and the U.S. …. but partly due to uncertainty.
The U.K. is leaving the EU and the United States could be showing less support.
The EU must support itself rather than rely on other economies, Halver said.
He warned against turning to China as a replacement. China would try to exploit Europe’s vulnerabilities, he warned.
There is no charity in international finance, Halver warned.
“Everyone wants the maximum for themselves,” he said. “Europe must finally understand that it must close ranks.”
