NCPA - National Center for Policy Analysis

Europe's Economic Problems

April 8, 2003

Europe faces rising unemployment at a time when the continent is close to a recession. In addition, these deep structural problems need urgent attention:

  • Germany's banking industry may require a bailout.
  • European corporations have had their own Enron-type accounting scandals, with a similar fall in investor confidence.
  • European stock prices have fallen further than stocks in the United States.
  • Some of Europe's proudest corporate names are in deep trouble, from Italy's Fiat to France's Alstom and Germany's ThyssenKrupp.

Source: John Rossant, "Europe Can't Afford to Stay Mad for Long," BuisnessWeek, March 31, 2003.


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