“…The EU, in our opinion, is not giving sufficient consideration to the fact that 1% of the world population owns 50% of the world’s wealth and this percentage is increasing. Also, as reported by Lisa Abramowicz of Bloomberg, European banks are sitting on €1tn of bad debt; China has changed economic direction; commodities are down and, in general, the world economic scenario is difficult…”

OPEN DOCUMENT PLEASE:  215 AEO DECEMBER 2016