The EU also needs policies that will promote standardisation, normalisation and innovation, and member governments must learn to avoid micro-managing and instead work as part of a horizontal EU-wide approach.

Thursday, July 29, 2010

How to stop anti-crisis policies from becoming protectionist

“Industrial policy” has long been a euphemism in most parts of Europe for economic nationalism, and the problem is getting worse. Elie Cohen looks at the policy aftermath of the financial crisis and sets out a framework for EU-level industrial policymaking.

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Wednesday, July 21, 2010

Europe

The future of Europe: Staring into the abyss

The single currency was always supposed to drive structural reforms, as once-profligate countries were forced by the rules, and their peers, to live within their means. Instead, France and Germany led a rebellion against the disciplines of the “stability and growth pact” on the first occasion it looked about to catch them.

Will the European Union make it? The question would have sounded outlandish not long ago. Now even the project’s greatest cheerleaders talk of a continent facing a 'Bermuda triangle' of debt, demographic decline and lower growth.

Monday, July 26, 2010

World

Sweet Europe, sour America?

European purchasing managers′ indexes in the past week showed private sector business activity accelerating in July, surprising economists who had expected a slowdown.

Investors are finding themselves with a new kind of balancing act -- one in which they have to juggle with three major regions posing three significantly different circumstances. Europe's bank stress testing, the focus of much of the past week's market focus, is but one ball in the air.

Friday, July 23, 2010

Economy

Leaving the euro: What’s in the box?

In Argentina, the devaluation caught people with pesos in their wallets, and the need for liquidity supported a steady demand for pesos all through the first quarter of 2002 when it depreciated by 300%. By contrast, a “new drachma” or a “new peseta” would need to create from scratch a demand for a currency born weaker by design. Could it work?

Rumours of Eurozone break-up are mounting. This column argues that exiting a strong currency for a weak one poses almost unthinkable challenges, from the redenomination of contracts and the imposition of bank restrictions to the restructuring of external debt and limiting of capital mobility.

Friday, July 16, 2010

Business

Unlocking the elusive potential of Social Networks

So why do consumers pay real money for online objects that don’t actually exist? Their motives reinforce our notion that users seek online importance: they purchase virtual goods primarily for self-expression (such as virtual houses or virtual gifts) and for recognition (such as virtual badges for becoming, say, the “mayor” of a bar on Foursquare)

There is much hype about social networks and their potential impact on marketing, so many companies are diligently establishing presences on Facebook, Twitter, and other platforms. Yet the true value of social networks remains unclear, and few consumer companies have unlocked this potential.

Monday, July 05, 2010

Tourism

International Tourism: Recovery Confirmed, but Growth Remains Uneven

International tourist arrivals increased by 7% in the first four months of 2010. The 3% increase registered in April marks the seventh month of growth in international tourist arrivals after 14 consecutive months of negative results.

International tourist arrivals grew by 7% in the first four months of 2010 according to the latest issue of the UNWTO World Tourism Barometer. This growth confirms the recovery trend beginning in the last quarter of 2009 and comes despite the challenging conditions of recent months.

Friday, June 11, 2010

Brussels View

Guy Verhofstadt: the Saviour of the European Commission?

Verhofstadt was a longstanding Prime-Minister in Belgium and the last one to win confidence on both sides of the language border in his country. Twice he was a candidate himself for the Commission Presidency.

Former long standing Belgian Prime-Minister Guy Verhofstadt is using his current position as President of the Liberal Group in the European Parliament, to play patron to the EC, which has lost power since the Lisbon Treaty came into force and also due to its lack of ambition and sufficient quality

DOSSIERS

The Digital Agenda for Europe

The European Commission has just published its Digital Agenda, one of the seven flagship initiatives of the EU 2020 Strategy. The success of the Digital Agenda - namely creating a Digital Single Market - is linked to the political and economical success of the European Union.

The Financial, Economic and Greek Crisis

In this special feature European Business Review shines a spotlight on the financial, economic and Greek crisis. It is time to be courageous and draw conclusions, it is five to midnight! If the EU doesn’t act now we will end up playing second league and no longer with big boys like the US and Asia.

Effective lobbying at the EU

Leading businesses recognize how involvement in the EU policy making process alongside other parts of civil society and other interests is crucial to shaping their operating environment, but it is still surprising how often businesses are unaware of legislation and how it can affect them.

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Tuesday, July 27, 2010

Interviews

Sir Ronald Cohen: The State of Entrepreneurship in Europe - An Investor′s View

Entrepreneurship requires an enabling environment, including low rates of tax on capital gains, supportive stock markets, and policy initiatives to support enterprise and small businesses.

Sir Ronald Cohen has been working to promote entrepreneurship in Europe. As one of the founders of Apax Partners, the leading European-based global private equity firm, Cohen was one of the continent's first private-equity investors. Here are his views on Entrepreneurship in Europe.

Friday, July 02, 2010

Agenda

Euro Zone Dialogue: Where next for Europe’s economy?

Chaired by John O’Sullivan, The Economist′s European economics correspondent, Euro Zone Dialogue boasts an unrivalled agenda featuring senior policy makers, leading executives and economists.

A decade after the euro’s introduction, crisis has hit Europe and exposed weaknesses in the single currency. With the Greek debt crisis spreading, and confidence shaken, corporate leaders are struggling to make sense of the maelstrom, and asking how the euro’s future will impact their business.

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