Positive outlook on Europe
"China needs a euro zone that works and a euro currency that works."
In an interview with CNBC, Charles-Edouard Bouée sees European systemic risk in decline.
CNBC recently interviewed Charles-Edouard Bouée on the potential outcomes of the European Union Summit, which concluded a few hours after the channel's "Squawk Box Asia" broadcast on the European crisis on June 29. Mr. Bouée, member of Roland Berger's Executive Committee and President of RB Asia, was the show's main speaker, He shared his views on the matter with a highly interested Asian business community, all keen for an 'insider's' view on the tense situation in Europe.
Too much talk about difficulties
Asked about his expectations regarding the summit, Bouée referred to a report released by the European Council President Herman Van Rompuy a few days earlier. "I think that everyone has been talking about the difficulties, the bad news and few things to expect, whereas I am much more positive. I think that the systemic risk has been declining and that what we will see from this summit is progress." Bouée further expected the European Stability Mechanism to be set up and in place and "that they will be working on setting up the banking union."
The world needs the euro
Mr. Bouée also talked to Squawk Box anchor Lisa Oake about Roland Berger's involvement in the audit of the Spanish banking industry. He emphasized the need to create a banking union and warned that although the Spanish dilemma often made the headlines these days, one should not forget that Spain was just one of the many European countries affected by the banking crisis.
Asked for his opinion about the survival of the euro, Bouée's answer was a straight "yes". "I think that the survival of the euro is very important for the rest of the world," he said. "China needs a euro zone that works and a euro currency that works."
CNBC recently interviewed Charles-Edouard Bouée on the potential outcomes of the European Union Summit, which concluded a few hours after the channel's "Squawk Box Asia" broadcast on the European crisis on June 29. Mr. Bouée, member of Roland Berger's Executive Committee and President of RB Asia, was the show's main speaker, He shared his views on the matter with a highly interested Asian business community, all keen for an 'insider's' view on the tense situation in Europe.
Too much talk about difficulties
Asked about his expectations regarding the summit, Bouée referred to a report released by the European Council President Herman Van Rompuy a few days earlier. "I think that everyone has been talking about the difficulties, the bad news and few things to expect, whereas I am much more positive. I think that the systemic risk has been declining and that what we will see from this summit is progress." Bouée further expected the European Stability Mechanism to be set up and in place and "that they will be working on setting up the banking union."
The world needs the euro
Mr. Bouée also talked to Squawk Box anchor Lisa Oake about Roland Berger's involvement in the audit of the Spanish banking industry. He emphasized the need to create a banking union and warned that although the Spanish dilemma often made the headlines these days, one should not forget that Spain was just one of the many European countries affected by the banking crisis.
Asked for his opinion about the survival of the euro, Bouée's answer was a straight "yes". "I think that the survival of the euro is very important for the rest of the world," he said. "China needs a euro zone that works and a euro currency that works."
