**Santander predicts that Trump’s victory will push Europe to improve its economy**
The CEO of Santander, Héctor Grisi, believes that Donald Trump’s victory in the United States elections will compel Europe to react and enhance its economy in response to the tariffs that the Republican wants to impose to boost revenues in his country.
**Europe’s Opportunity for Growth**
According to Grisi, European banks have a significant opportunity for stock market growth due to their low valuation. He emphasized the need to focus on diverse businesses and improve deposit operations, as well as to reduce costs gradually.
**Challenges Ahead for Europe**
However, Trump’s protectionist measures could further slow down the European economy, which has been grappling with challenges like Germany’s stagnation and China’s slowdown as one of its key trading partners.
Grisi also expressed nostalgia for a time when Europe led in various sectors, emphasizing the need for the continent to awaken and revitalize its economy in response to current global economic dynamics.
By highlighting the potential consequences of Trump’s trade policies on Europe and underscoring the area where European banks can thrive, Grisi’s insights shed light on the evolving economic landscape and the opportunities and challenges that lie ahead.