Wednesday, 12 October 2011
Thursday, 6 October 2011
EPC EU-Brazil Post-Summit Briefing
I’ll start with a confession. I didn’t stay
for the whole event, there was a conference on Catalan SME strategy across the
street, it needed going to. Had there not been a Catalan SME conference across
the street, I would have been tempted to cross the street anyway; I don’t do “can’t
do” capitalism.
The Brussels-based European Policy Centre is a noble enterprise;
they bring together great minds and deep experience. The EU-Brazil Business
Summit, Post-Summit Briefing was as snappy as its title, and there was no
coffee beforehand to keep pulses racing. The panellists were thoughtful, and
their points were based on experience; but in an age when viable export
opportunities are limited and every open market should be embraced, the panel
just weren’t showing Brazil the love it deserves.
Put simply, the panel weren’t
American. They were largely Northern European, and oozing all the enthusiasm for
change that a Saville Row tailor can muster for Mumbai sweat-shop factory
fabrics. “Brazil,” went the sentiment, “if only they would fix everything
first, then we could do business.”
The reality check came from Embraer’s
President for Europe, Luiz Fernando Fuchs. Fuchs took the American approach and
used the occasion to showcase his company, his products, and their incredible journey
from corporate basket-case to quality-driven, ambitious, aircraft manufacturer.
Thanks Luiz, you made my morning!
The complaints from the panel went along the
lines of: the tax system, Brazil’s tax system, oh, the tax system…. Enough.
Hire smarter people. Work the system. If you don’t, the Brazilians will, the
Chinese will, the Indians will. They are more American.
Can do? Yes. Can do better Europe. Stretch or
starve.
New EU-Brazil "Strategic Complicity"
Merkel Is 'Rock of European Integration'
Wednesday, 5 October 2011
Tuesday, 4 October 2011
Trichet Advocates New European Executive
Speaking at the European Parliament today, Jean Claude Trichet, President of the European Central Bank, said he expects the European Union to establish a new executive.
Asserting democratic legitimacy as the underpinning principle of a future executive, Trichet, describing a future executive, emphasised his belief that it must include a finance ministry with strong fiscal surveillance and guardianship roles.
In one of his last appearances before Parliament, Trichet said the European Parliament is the "heart of the living democracy in Europe. We at the ECB are the guardians of the currency of our fellow citizens"
Read More...
Asserting democratic legitimacy as the underpinning principle of a future executive, Trichet, describing a future executive, emphasised his belief that it must include a finance ministry with strong fiscal surveillance and guardianship roles.
In one of his last appearances before Parliament, Trichet said the European Parliament is the "heart of the living democracy in Europe. We at the ECB are the guardians of the currency of our fellow citizens"
Read More...
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