but what would in normal times be a boon for the region may not help as much now, experts say.
TRANSCRIPT: Interview with Larry Summers, president emeritus at Harvard University and ... - 0 views
A Declining Euro Can't Cure All Ills - WSJ.com - 0 views
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Before the crisis, actions such as the European Central Bank rate cuts two weeks ago would have had a twofold effect in reviving the economy: Banks would have passed the lower rate on to their clients, while foreign-exchange markets would have marked the currency down, giving exporters better chances to sell their products abroad.
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In today's polarized euro zone, it isn't that simple. For one thing, tThere is no certainty that euro-zone banks will pass on the cut in borrowing costs.
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Crippled eurozone to face fresh debt crisis this year, warns ex-ECB strongman Axel Webe... - 0 views
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Crippled eurozone to face fresh debt crisis this year, warns ex-ECB strongman Axel Weber
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Harvard professor Kenneth Rogoff said the launch of the euro had been a "giant historic mistake, done to soon" that now requires a degree of fiscal union and a common bank resolution fund to make it work, but EMU leaders are still refusing to take these steps.
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"People are no longer talking about the euro falling apart but youth unemployment is really horrific. They can't leave this twisting in wind for another five years," he said.
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BBC News - Battle of the knowledge superpowers - 0 views
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Instead of basking in the reflected glory of a prize winner funded by European grants, she said she had to listen to a speech attacking the red-tape and bureaucracy - and "generally embarrassing the hell out of me".
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But the knowledge economy does not always scatter its seed widely. When the US is talked about as an innovation powerhouse, much of this activity is based in narrow strips on the east and west coasts. A map of Europe measuring the number of patent applications shows a similar pattern - with high concentrations in pockets of England, France, Germany and Finland.
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Jan Muehlfeit, chairman of Microsoft Europe, explained what was profoundly different about these new digital industries - that they expand at a speed and scale that would have been impossible in the traditional manufacturing industries. Governments trying to respond to such quicksilver businesses needed to ensure that young people were well-educated, creative and adaptable, he said.
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How Jean Tirole's Work Helps Explain the Internet Economy - NYTimes.com - 0 views
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How Jean Tirole’s Work Helps Explain the Internet Economy
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He also said that industries should be regulated differently depending on their distinct characteristics.
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