Besides the problems Europe is facing when it comes to competitiveness and the welfare state, the most critical and dangerous one is that of cohesion, including social cohesion.
Nomura believes that this real estate bubble, followed by potential property market correction, could lead to a systemic crisis, and is the biggest risk which China faces in 2014.
Most European liberal parties praise NATO as the cornerstone of European security, but the alliance can only be ensured if Europe increasingly agrees to take on more responsibility.
Contrary to what Lithuania’s prime minister claims, discussions on euro introduction are far from over. They might be over for those who have had the task of convincing Lithuanians about the benefits of having the euro.
Deutsche Bank’s report outlines another important aspect of Europe’s reindustrialization. German companies that in 2012 maintained production capacity of their own abroad, continue at 82% of their production within the EU.