For the past decade, the European Union (EU) has seemingly been playing defense against a series of crises, throwing the existence of the union into doubt.
This year will mark the end of the EU’s decade-long run of financial crises and open the way for a reenergized and dynamic economic renewal in Europe. Within a relatively short period, Europe has experienced several milestones: March 25 marked the 60th anniversary of the Treaty of Rome, which established the European Communities; May 9 sees the celebration of Europe Day; and this past Sunday, May 7, concluded a consequential French presidential election. Despite the catastrophist headlines about the EU and the Euro being on the verge of collapse, there are strong indications that point to a positive economic outlook moving forward. It is a propitious moment to take a fresh look at this rejuvenated Europe. However, business leaders will have to deal with an even more complex political machinery in an evolving regulatory landscape.