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Fortune
Fortune
Peter Vanham, Nicholas Gordon

Europe is 'falling behind,' warns JLL CEO Christian Ulbrich

A man wearing a black suit and a blue tie looks towards his right side. (Credit: Stefan Wermuth—Bloomberg via Getty Images)

Good morning.

To think big again, Europe needs to realize that it's small.

That, in short, is the view of Christian Ulbrich, the CEO of JLL, the global real estate services firm. Ulbrich is a German national and a passionate European, but he has no great hope for the continent’s future unless it changes its ways. “Europe is falling behind,” the Frankfurt executive told me this week over Zoom. “Our wealth is melting away at rapid speed.”

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