GSAM equity chief urges European businesses to cut costs

Others should follow the example of Ireland, Italy and Spain to regain competitiveness, says a Goldman Sachs Asset Management investment head

European businesses need to cut expenses to help kick-start the region’s recovery, according to one of Goldman Sachs Asset Management's chief investment officers.

Speaking at an equities briefing yesterday, Suneil Mahindru, CIO of international equity, said a return to business competitiveness was key for the "gradually recovering" region.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached