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Article: Europe's TURN.(discussions at World Economic Forum regarding European economy)(Statistical Data Included)
- Article from:
- Chief Executive (U.S.)
- Article date:
- April 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Chief Executive Magazine. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While radical transformation has the Euro-Zone leaping ahead after years of stagnation, bureaucratic red tape still impedes emerging enterprises. Can Europe cut through the maze left in Socialism's wake?
"Europe is back," French finance minister Laurent Fabius intoned triumphantly during the World Economic Forum. Many at the gala gabfest seemed to agree. Former treasury chief Larry Summers stated that 2001 "ought to be a terrific year in Europe" and promised 3 percent growth. German finance minister Hans Eichel seconded that motion, concurring that 3 percent growth for the 12-nation euro-zone was possible. Joschka Fischer, Germany's foreign minister, was slightly ...