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.
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.
The analysis deals with various regulatory problems from five main areas – banking, interchange fees, energy, personal data protection and common agricultural policy.