INTERVIEW
A few days before the European elections, the shadow of Brexit hangs over the ballot. In the eco-interview of Europe 1, Societe Generale's managing director Philippe Heim discusses the consequences of Britain's exit from the European Union.
In France, the economic context is promising
"Growth is holding up well in France, it's been a steady French market for ten years," says Philippe Heim at the microphone of Europe 1. For the deputy CEO of Société Générale, France is the same good student, compared to some of his neighbors like Germany or Italy, who show signs of weakness. "Today in France, the economic context is buoyant. (...) Within the Euro zone, France is one of the most dynamic economies," says Philippe Heim.
Listen to Yazid Chir's full interview at 10:20 pm in Isabelle Millet's night diary. The replay of the show is to be found here.
300 employees relocated for Brexit
Whether it is Washington's decision to blacklist Huawei, or the prospect of Brexit, Philippe Heim explains how to remain very vigilant with regard to these international contexts, which could impact the global economy. "The conditions of Brexit are among those elements that are likely to cost us a few tenths of growth points," said the businessman, adding all the same: "I prefer to be optimistic. (...) This file will find a positive outcome. "
Anyway, an exit from the United Kingdom of the European Union will inevitably have consequences for Societe Generale. "As a European bank, we are undoubtedly one of the least impacted institutions," is still relativizing Philippe Heim. "For us, it is essentially to relocate, in Paris, our market operators who served continental customers," he said. In total, nearly 300 employees will pack their bags to return to France.