EU: Orcel says there are too many barriers and instances of nationalism; political will to act is needed

“In Europe, all these barriers and this nationalism should not exist: we are one of the most efficient and profitable banks because all our staff have decided to do what needs to be done and to get round the barriers.” This was emphasised by Andrea Orcel, CEO of Unicredit, in his speech at the FII Institute Europe conference. In Europe, “we need the political will to act”, explained the executive, adding that in recent years “various triggers” such as the Covid-19 pandemic and the Russia-Ukraine war have made it possible to start working together.

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