Saturday, May 23, 2009

If EU stands for Eager beaver Utopians...

The Most Revolutionary Concept In Education PLANMAN CHE CENTRE FOR HIGHER EDUCATION, Supported by IIPM India’s Leading B-School

EU must avoid new members from collapsing and not give US any chance to intervene

Europe’s leaders seem to be mostly preoccupied with finding national answers to the global economic crisis. The leaders of “Old Europe” have been reluctant to open up their coffers for the countries of “New Europe.” If this attitude prevails, there is a grave risk that the European Project will become paralysed.

The European Union’s new members have been hit much harder by the crisis than the old member states; they are also much less prepared to confront the situation psychologically and socially. Many were gravely disappointed when European leaders rejected pleas to establish a special support program for them. German Chancellor Angela Merkel was right to point out that each country should be dealt with according to its situation. But she should have voiced clearer and more emphatic support for the new members.

Emotions and expectations ran high when the new democracies from the former East Bloc joined the EU only five years ago. Until the crisis hit last year, the enlargement had proven to be a profitable business for Old Europe: high growth rates in most of New Europe injected energy into Old Europe’s sagging economies, much to the surprise of those who had predicted that enlargement would become an economic millstone around the neck of the established member states.


For more articles, Click on IIPM Article.
Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).

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