Financial reform in Europe
Michel Barnier, the European Commissioner for the Internal Market, has noted that the Commission’s job in the wake of the financial crisis has changed from that of a fire-fighter to an architect. While it managed the first task with relative success, its success as the latter is by no means confirmed.
As regulatory initiatives have become increasingly fragmented along national lines, Europe is faced with the challenge of coordinating the Union’s response and speaking with one voice on a global stage. hanover's Michael Cooper considers the range of economic proposals emanating from Europe and the impact these will have on industry.