Europe's digital vulnerability adds to financial woes | Bangkok Post: opinion

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Europe's digital vulnerability adds to financial woes

  • Published: | Viewed: 1,008 | Comments: 0
  • Newspaper section: News
  • Writer: Richard Werly
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Point 1: the European Union wields strategic "soft power" and is capable _ it hosts the largest consumer market worldwide _ of influencing globalisation through the promotion of norms and regulations. 

Point 2: the EU, now composed of 28 European countries with the accession of Croatia on Monday, retains great confidence in its capacity to restore the credibility of its financial institutions, more than three years after the start of its sovereign debt crisis, inflamed by Greece's abysmal deficit, first revealed in May 2010.

These two points are the main themes behind the Asia-Europe Meeting process (Asem) and the EU campaign to promote its business interests in Asia through free trade or partnership agreements with Japan and several Asean countries.

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