( CNN ) -- U.S. conglomerate General Electric is set to increase its investment in Germany , even as the eurozone remains hobbled by a nearly three-year old economic crisis , the company 's regional boss told CNN . Nani Beccalli-Falco , chief executive officer of General Electric Europe , said Germany was the `` economic locomotive '' of Europe . The company wanted to strengthen its position in the continent 's largest economy , he added . Read more : Airbus CEO : We will learn from past mistakes . Speaking at the Ambrosetti Forum on the banks of Lake Como , Beccalli-Falco told CNN that General Electric -- a multinational founded in 1892 -- is `` making a lot of investments '' in Germany . He added : `` Our position was not satisfactory in Germany so we decided to make a statement to strengthen our resources there . '' Read more : VINCI boss to Europe : Build and growth will come . Although many countries in the European Union are feeling the squeeze of the region 's debt crisis , Beccalli-Falco sees cause for optimism in some parts of Europe . `` This is not a European crisis but a crisis of some member states , '' he told CNN . `` The problems come when you are talking about southern Europe , about Portugal and Spain , Italy and Greece . '' Read more : Jelly bean makers defy wobbly Irish economy . The GE Europe boss sees an `` incredible boom '' for the UK and Nordic countries as a result of oil exploration and discoveries in the North Sea , while many parts of eastern and central Europe are profiting from infrastructure investment from the 27-nation European Union . He told CNN that Europe 's strength lies in the size of its economy and population of 500 million people , according to Eurostat . However , Beccalli-Falco said question marks still remain over the future of France -- Europe 's second-largest economy . He said : `` In my mind France is now on the verge of either taking the road to greatness to become like Germany or taking a road which is a little more challenging . '' General Electric Europe employs 84,000 people across the continent and provides products for a number of different industries from aircraft engines to power generation , household appliances to consumer finance . And Beccalli-Falco said GE is committed to continued investment in Europe . `` We do invest in Europe and our chairman is enforcing that concept . ''
EU employs 500 million people across the continent and provides a range of products . Greece is the `` economic locomotive '' of Europe , says GE Europe boss . GE Europe 's strength lies in economy and population size of 84,000 people , says Beccalli-Falco .