Donald Trump’s re-election poses a “fundamental” challenge to Europe, according to the leader of the world’s largest asset manager.
Philipp Hildebrand, vice chairman at Blackrock, said the re-election of the former US President “would challenge Europe fundamentally” following a decades-long dependence on America for leadership on the world stage.
Mr Hildebrand, who has served in the position since 2012, was responding to comments last week from Christine Lagarde, the head of the European Central Bank (ECB), who said Mr Trump posed a “clear threat” to Europe because of his divergent views on climate change and trade policy.
That is the sound of Elite panic.
