Tuesday, 29 May 2012

INSEAD – Booz –“State of the European Union” Study Shows European Executives Want Tighter Fiscal Union

The majority of the 2000 top-level executives responding to the INSEAD-Booz Study support closer coordination within the Eurozone and the EU to respond to economic needs such as deficit reduction, monitoring or stimulating growth. And they support the creation of Eurobonds.

But this closer economic coordination could come at the cost of losing EU members which are not able to keep up with the pace of “core” countries. Respondents to the survey said they were comfortable with the concept of a “two-speed Europe” and supported consolidation among the current EU members, claiming the European Union is large enough for the time being.

However, the executives surveyed believe social issues – such as health care and retirement should remain matters of national policy.

Copyright INSEAD Knowledge 2012

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