Rothschild: Economic crisis will leave governments with “enormous public debt” EMportal
Press release
March 20, 2009
World renowned French banker and Chairmanof the Rothschild Group, David René James de Rothschild delivered a lecture titled “What Economic Crisis Teaches Us” on March 16, as part of the Megaron Plus series of events hosted by the Athens Concert Hall.
David de Rothschild estimated that the global economic crisis will come to an end in 2010.
He also stressed that the first signs of recovery will be stock markets rising, but he warned that the crisis will leave the governments’ coffers with enormous public debt.
As far as the countries of Southeast Europe are concerned, Rothschild said that they are going to overcome today’s financial difficulties and continue to develop, emphasising the strategic importance of Greece’s investments in the region.
On the occasion of his visit in Athens, David de Rothschild also had a meeting with Prime Minister Kostas Karamanlis.