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ECT News Community   »   CRM Buyer Talkback   »   eu



eu
Posted by: famullar 2014-02-14 12:39:31
The upturn is yet too feeble for celebration other than acknowledging these figures with hope.
The downturn has been so severe, structural and long-lasting in Southern Europe that nothing will be good enough for many years to come.
The hardest bit is to figure out which are the real growth drivers into the future.
There seems to be, alas at long last, growing realization amongst relevant actors that some level of re-industrialization is direly called for.
It cannot and will not happen overnight but at least a start does appear to have been made. An issue that was conveniently shoved to the sidelines while the going was good. Hardly really, as debt-fuelled excessive consumption of imports served as a smokescreen for thousands of companies that shutdown entirely or relocated their production to far corners of the world.
To add insult to injury warehouses and distribution centres stayed open with skeleton staff manning them to process the 'goodies' now brought in from elsewhere.

If there is a flip side to current weakness in vast regions across Europe it is well out-of-sight for the time being.
The Eurozone as a whole will have to show much greater purpose before practical outcomes emerge for millions sharing the single currency.
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