The CEO of Robert Bosch, Franz Fehrenbach, has warned that the worsening European debt crisis could lead to a recession in Europe.
“There is more chaos and therefore the crisis has worsened. That’s why I fear now that a crisis-hit sentiment will weigh on demand,” Fehrenbach said in an interview with Sunday paper Welt am Sonntag.
Go deeper with GlobalData
“If uncertainty keeps getting spread, we can no longer rule out a recession,” he added.
Fehrenbach was also highly critical of the economic and regulatory environment in Greece, saying he would not build another plant there.
See also: COMMENT: European trading conditions deteriorate further
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
