Renault-Nissan CEO Carlos Ghosn showed his support in the European Central Bank’s decision to start a huge bond purchase program in order to boost Europe’s bruised economy.
Ghosn announced that he improved his European car market growth forecast from 1-2 per cent to at least 2 per cent in 2015 at the Davos World Economic Forum.
The CEO told Bloomberg that the European Central Bank’s bond-buying program is going to have good consequence on the economy, it will maintain interest rates very low and will increase the liquidity in the market, helping both the car makers and consumers.
He also noted that this program will not bring growth on its own but it will give the time needed for adjustments in the economies of countries that need to change.
“It’s not a solution by itself, but it’s going to support you (editor’s note: meaning the countries) find a solution,” said Ghosn and continued on claiming that the reduction in the value of the euro is a good thing for exporters, reminding that all car makers in Europe are exporting.
By Michael Karkafiris