Allianz CEO warns that high public debt is "really scary"
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/13/2026
- Nasdaq ends down as chipmakers fall and bank earnings roll in
- Oil prices settle mixed, focus on US-Russia diesel deal, Saudi Yemen attacks
- JPMorgan shares edge lower after third-quarter FICC revenue miss
- Fed’s Waller says US bond yield rise driven by growth, not inflation
- Wells Fargo beats profit estimates despite revenue miss
Tweet
Share
E-mail
Oliver Baete, Chief Executive Officer of Europe's biggest insurer Allianz SE attends the company's annual news conference in Munich, Germany, February 15, 2019. REUTERS/Michael Dalder/ File Photo
FRANKFURT (Reuters) - Germany's Allianz, one of Europe's biggest financial firms and investors, warned on Thursday about high public debt levels and the risk of sovereign bonds.
Chief executive Oliver Baete said public debt levels were "really scary", and called out the United States by name.
"Investment in sovereign risk, particularly domestic, is seen to be risk-free. Nothing could be more wrong than that. It's not risk-free", Baete told journalists.
He was asked about recent market volatility and how Allianz was positioning itself.
(Reporting by Tom Sims and Alexander Huebner, editing by Thomas Seythal)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Judge extends White House access for CNN, MS NOW, Politico amid legal fight
- Trump says Taiwan agrees to buy 30% of LNG from Alaska pipeline project
- SK Group Chairman Chey sells stake to Dell family office fund for $406 million
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
