Head of Deutsche Bank’s supervisory board, Austrian economist Paul Achleitner stated that Greece should follow the example of Florida, USA.

He noted that “thirty years ago, the only thing in Florida was nice weather”, but infrastructure and businesses quickly followed, now becoming one of the USA’s most dynamic regions.

Speaking at a conference on “Challenges facing the banking sector”, the head of the German bank’s supervisory board outlined the future’s trends for the financial sector.

Despite the issue of unemployment, another major obstacle is impairment of debt, whereas he stressed that it will not be easy since everyone has been living over their capabilities for decades.