Painful squeeze puts focus on exporters

ON EUROPE

CHRIS BECKETT, head of research at Quilter on Europe

For more on Europe, search Adviserhound.com The 2008/9 recession exposed a number of flaws in European economies. Inadequate regulatory control and the undercapitalisation of the European banking system have been partially corrected but remain a drag on economic activity. The unsustainability of government spending is being corrected by austerity programmes in many countries but this necessary change will come at the cost of higher unemployment and lower domestic demand. Overregulation of many industries is preventing a faster recovery but economic liberalisation measures are facin...