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Integration of Financial Markets Is Bright Spot for Sluggish Europe
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******************************** Integration of Financial Markets Is Bright Spot for Sluggish Europe http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1410 Don't discount Europe. Its inflexible labor market may be weighing on the economy, but greater financial integration across the euro area is continuing at a steady pace, setting the foundation for economic growth. And while many in Europe look uneasily eastward toward cheap labor and low-cost goods, others see the opportunities of a wide-open market. Meanwhile, professional sports organizations -- in particular, soccer (or football, as the rest of the world knows it) -- are eyeing Asia, hoping to win over the minds, hearts and wallets of new fans. These were among the topics discussed during the recent Wharton 2005 Global Business Forum European Conference.
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