Crisis can be averted, but opportunity for reform must be grasped
Eurozone banks are facing very difficult financing conditions. The European business community is justifiably concerned, not only about the weak state of public finances, but also about the manner in which governments may seek to address this problem. Reforms will be required to focus on country-specific weaknesses and enhance growth potential.
" Senior executives at global corporations all over the world ask the same type of questions – “What are the risks and what opportunities lay ahead for my business? "
Since we launched our first Ernst & Young Eurozone Forecast in 2009, the developments have been extremely dramatic. Over the coming months/years, we will continue to track activities and offer insight into the issues that affect governments and businesses within the Eurozone.
The Ernst & Young Eurozone Forecast is a quarterly, pragmatic and business friendly overview of the development in the Eurozone and the 17 Eurozone member countries, based on the ECB model and governmental statistics. It is produced in co-operation with Oxford Economics, a leading independent forecasting and research institute.
We hope you will find the facts and figures in the forecasts useful for your planning – whether you are based in the Eurozone or are doing business here.
 | Mark Otty
Area Managing Partner of Ernst & Young EMEIA Europe, Middle East, India and Africa |
Eurozone – issues to consider
- How far has your company accepted that "business as usual" is no longer an option?
- How are you dealing with the shift of power to new economic giants such as China?
- Are you prepared for increasing regulation in your sector?
- Do you have a strategy for national or international growth through acquisition?
- What are your plans to reduce costs and increase efficiency?
- Is risk management playing a more important role in your corporate strategy?
- How do you balance customer satisfaction against corporate profitability during an economic downturn?
