Apollo’s Zelter on Europe’s investment potential

What do you want to see from from countries in Europe right now, including France? >> Yeah. Well, I I think there's a a variety. If you take a step back, as I said before, a little bit of a student of history, there's three or four things that need to happen for the financing need to really be a long-term solution. Uh the Draggy report, it's been noted that, you know, 383 uh proposals. I think I've read recently that 16% have been put in place. Uh certainly if you look where securization is there needs to be if you look at where the the typical US or western insurer versus a European insurer there's a great difference in terms of the acceptance rate. I think there needs to be some work on capital markets union. Um and finally I I think if you look around uh Europe there's real uh inequality in terms of the role that that pensions a country like Germany has very small pension assets versus the rest of the continent. So I think a combination of those four, we want to see a more engaged dialogue. >> But is that coming given all of the politics and again all the posturing and also you know frankly a rise in extremes? It >> it's slow, but I think I I think that the the best antidote for us is time. Um, we just if you're a long-term believer and you see the the benefit of private capital, whether it's investment grade debt, uh, in this renaissance, if you're there constantly having conversations, uh, you want to be on the right side of history. We're going to be on the right side of