Acket on economics

Janwillem Acket is “the longest serving guy in the Zürich banking place” in his role as chief economist of Julius Bär, a Swiss private bank that has expanded its profile in emerging markets, including Lebanon, with the acquisition of Merrill Lynch’s international wealth management operations in 2012. He sat with Executive for a wide ranging interview from the perspective of a longtime banking insider. For more on Julius Bär and Janwillem Acket, read this.   In your assessment, what measures will help the Eurozone? What we actually need in the Eurozone is more sensible fiscal spending, and in many places [this means to] cut public spending. This public spending should be somehow replaced with private spending but the problem is when will private spending step in? This is a question because you have to go on a second front, on taxation. You have to incentivize, through taxation, economic agents, in