AXA boss: France worse off than UK in the 1970s | Eurozone stories | Scoop.it

Henri de Castries, chairman and chief executive of AXA, in an interview with The Sunday Telegraph, has called on French president François Hollande to learn the lessons of Britain's experience.

 

de Castries said: "The UK was not in great shape in the early 1970s. Hollande has to decide if he wants to be Harold Wilson or Tony Blair. So far he has been ambiguous. I hope he is going to go for Blair. I am not asking him to become Margaret Thatcher".

 

He also said that AXA’s French business, which accounts for 20% of group revenues, is growing and highly profitable because the company has never been afraid to adapt to changing conditions.