Just when you thought the worst was over for Europe, political risk and financial uncertainty could return in 2014. Record high unemployment is giving rise to extremism and some banks may be forced to lean on taxpayers for support.
European Parliamentary elections in May could see strong gains for anti-Europe parties, making it harder to achieve the reforms needed to secure faster growth and create jobs, particularly for the young, business leaders said at the World Economic Forum in Davos.
“The number one challenge in Europe is unemployment,” said Accenture (ACN) CEO Pierre Nanterme. “I am extremely concerned about the rise of extremists in Europe — they’re surfing on this lack of inclusion,” he said at panel debate hosted by Time magazine.
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