EU, US Trade Deal Is ‘Lesser Evil,’ a Top Spanish Banker Says

The trade deal between the European Union and the US is “the lesser evil” as it helps avoid a wide conflict, according to the chief executive of Spain’s largest domestic bank.

The deal “is what it is,” CaixaBank SA CEO Gonzalo Gortazar said Wednesday in a Bloomberg TV interview with Guy Johnson, Anna Edwards and Kriti Gupta. “The lesson here is strategic autonomy: we need to be in a position where in three, five, 10 years down the road we’re in a position to strike better deals with the US than the current one.”