BERLIN Adidas (ADSGn.DE) Chief Executive Kasper Rorsted may be very fearful in regards to the results of Europe’s failure to resolve its issues, German newspaper Die Welt reported.

European Union leaders are grappling with the challenges of migration, a lingering euro disaster, the rise of right-wing populist events and the broader ramifications of Britain’s vote to the go away the bloc.

“From the viewpoint of business I have no fear, but politically-speaking, I am very concerned that Europe is not capable of solving its problems,” Rorsted mentioned in an interview with the day by day newspaper printed on Saturday.

“Europe’s inability to solve problems will punish us even more strongly this year,” the CEO mentioned, with out being extra particular. Germany, France and the Netherlands are all set to carry elections this 12 months.

Rorsted additionally warned that Europe and Britain will endure if the nation’s exit from the EU leads to commerce restrictions.

However, the Adidas CEO was relaxed in regards to the political prospects of the United States below President Donald Trump.

“At the end of the day, I believe Trump is a business man. A couple of things may occur that displease us, but this will not be catastrophic,” the newspaper quoted Rorsted as saying.

(Reporting by Andreas Cremer; Editing by Alexander Smith)

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