We believe that Europe can and
will remain a global player but it needs
to rethink its system of economic
governance in the face of these seismic
shifts. The continuing Eurozone crisis
underlines that it needs stronger
institutions and stricter macro-economic
oversight to generate greater stability
and hence improved business and
consumer confidence. Europe is also
still undergoing major demographic
changes : we are living longer and our
healthcare and welfare needs are
changing dramatically.