An accumulation of issues in Europe is set to keep the continent at a standstill in 2016, Karl-Ludwig Kley, Charmain and CEO of German science and technology company Merck, told CNBC in Davos on Thursday.
"There are too many problems accumulating in Europe at the moment," Kley said.
"They are covered by low interest rates, by the large available money which the ECB floats into the market, the low oil price (which) is good for the economies," he added.
"There are many positive signs, which prevent politicians from doing structural measures which are needed."
Kley also highlighted the refugee crisis that is currently gripping the continent, commenting that it "overshadows" everything else.
"I'm a bit skeptical whether politics will get its act together in 2016, and set the right incentives for (the) economy," he added.