VICTORY IN EUROPE?

It should surprise no one that Europe was one of the world's biggest losers in 2012. Together, the 27 members of the European Union, as well as Switzerland and Norway, had the lowest projected GDP growth -- just 0.2% -- of any global region. That's to say nothing of bank bailouts in Spain,...

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Bibliographic Details
Published in:Canadian business (1977) 2012-01, Vol.85 (21/22), p.33
Main Authors: Barmak, Sarah, Beer, Jeff, Brearto, Steve, Castaldo, Joe, Cowan, James, McClearn, Matthew, McCleod, Kagam, Scott, Graham F, Shufelt, Tim, Tobias, Conan, Warnica, Richard
Format: Magazinearticle
Language:English
Subjects:
Bailouts
GDP
Gross Domestic Product
Olympic games
Riots
Wealth
Online Access:Get full text
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Summary:It should surprise no one that Europe was one of the world's biggest losers in 2012. Together, the 27 members of the European Union, as well as Switzerland and Norway, had the lowest projected GDP growth -- just 0.2% -- of any global region. That's to say nothing of bank bailouts in Spain, rioting in Greece and J.K. Rowling turning her back on Harry Potter. Still, several European nations experienced small victories. The London Olympics, the Queen's Diamond Jubilee and the 50th anniversary of two Brit franchises (James Bond and the Rolling Stones) resulted in a brilliant -- and lucrative -- boost to Old Blighty's brand in 2012. Germany boasts 54 billionaires on the Forbes richest list, more than any other European nation. And Credit Suisse estimates there are at least 4,000 Germans whose wealth exceeds US$50 million.
ISSN:0008-3100
2292-8421