Heightened political risk in Europe is damping companies' investment plans and fuelling concerns about a global growth slowdown, the head of Europe's largest industrial conglomerate has warned.
"My biggest [business] concern is the fallout of the geopolitical distress. We've seen a new quality with the sad events in Paris," Joe Kaeser, chief executive of Germany's Siemens said.
"Investment is about believing, about the future, and [when] events like that happen, people will wait," he added. His warning was echoed by Pier Carlo Padoan, Italy's finance minister, who said the Paris attacks could do "serious damage" to the eurozone's recovery.