80 percent are idiots “- Swedish Dagbladet

The Danish Finans.dk that on their site referring to Nordea Chairman’s presentation of the Danish pension company PFA Wednesday.

Wahlroos tend to be critical of politicians’ handling of the banking sector and so it was also this time. He declared that Europe is “in deep shit”. While the rest of the world economic growth, it is still in Europe and countries such as Portugal, Greece and Ireland have recurring crises.

And the political system seems incapable of solving the problems. Proposals put forward, including forcing divisions of the big banks and a tax on financial transactions, has fallen flat, said Wahlroos according Finans.dk.

Wahlroos explained also To most people, financial idiots.

– Now I will probably bump me with some but about 80 percent of the people are idiots, at least when it comes to money. The financial sector is about to move money from the 80 percent who lack ideas to the 20 percent who have it, said Wahlroos according Finans.dk.

At the same time, he acknowledged that the financial sector was too small buffers when the financial crisis hit in 2008, something that has been corrected.