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2017
Asia Needs more Dialogue
Solutions to urban pollution may prove complex
Spread of ESGs could herald new global movement
Investing in quality education is imperative if India wants to reap demographic dividends
China needs to lead in new multi-stakeholder world
China’s B&R initiative leading a resurgence of Asia
Education is key - but long-term: Can we survive?
New wave of robots will be beneficial to all
China needs to continue with its ‘heavy lifting’
Time is right for Chinese firms to invest in Europe
Robots to the rescue for China?
Asian Multinationals are Going Global, But to Where?
China ratchets forward with energy efforts
China’s calm necessary for globalization push
Bridging managerial gaps involves trust-building
China well-placed to power its future through green technology advances
China's new 'springtime' is here
2016
China’s moves show it’s banking on the future
Mindset for action at the G20 summit will be determined by Chinese presidency
Chinese head-hunting intensifies for rare managers that can steer overseas firms
US talk of isolation jars with growing links in Europe and Asia
Electoral rhetoric on global trade not in sync with reality
Is it time to be prudent and consider austerity policies again?
What will we do if we have no oil?
Unlock talent by finding the right fit for a person
The benefits are real and tangible
Trade along China’s ‘One Belt, One Road’ won’t succeed without the currency of trust
Reasons for optimism about the long term
2015
Can big oil go green and win?
Poorer Nations Could Sway Climate Talks
Combating Idleness and Deprivation
How China can be a model of food sustainability for the developing world
Kyoto II – Is it a Done Deal?
A meeting of the two largest economic powers
Why China will experience a 'soft' landing
Beware of superstitions
The Elephant and Dragon move ahead
G-7 target on fossil fuels raises many questions
Why Battle for Net Neutrality in the US Matters Globally
China’s resurgence – the ‘normal new’
Wanted: A managerial culture that embraces cultural differences
China's early education plan a smart investment in the future
The New Normal for China and India
2014
China's infrastructure push offers a sure track to better growth
US-China climate pact a good start, but not quite enough
Rethink the human’s place in the ‘digital revolution’
China springs a carbon surprise
Infrastructure - the invisible hand in full view
Dialogue vital for survival of Iraqi nation
China must nurture a new generation of beautiful minds
Great expectations in China and India
GM Cereals – The Pros and Corns
Time to be Honest about Our Energy Prospects
Weathering the Storm of Climate Change
Making a Big Decision? Beware of Your Biases
West Deserves Better Logistics Infrastructure
Digital Currencies do Represent the Future
From 'Printed' Houses to Wooden Skyscrapers
It’s time to bail out our schools, not our firms
Solution to India’s housing shortage – print new ones!
And the most promising green technologies of 2014 are ...
Transport infrastructure key to domestic, export growth
Oil stopgaps: Not worth risking
2013
Why the US should grant Edward Snowden amnesty
May we be more optimistic!
China headed for another massive social experiment?
A dialogue that worked
Yes, politicians deserve vacations - because we benefit
NPOs, NGOs invaluable as creators of dialogue
Look closer and ask: Is America reinventing itself?
Boston bombings case underlines need for dialogue
Millennium Development Goals or own goals?
As usual it's about balance - and timing - of course
Chinese strategists make right moves for growth
2012
Preparing for tomorrow
Austerity or growth?
Japan in danger of becoming 'just a place to fly over'
Beware of the business cycle?
An inconvenient truth
Limited offer sale: Buy a country
Where did our money go?
Leading from behind - a year of elections is almost over
Driving towards a green future
Waiting for springtime
Preserve or Perish
Startlingly similar Asia policy for Obama, Romney
Globalisation remains an irresistible trend
Google has the edge in smartphone war
U.S. Braces for China's Rise
Mankind’s General Scourge
The summer holidays are over and nothing has changed!
Put the hidden trillions to work
Making sense of India’s woes and wonders
Storm in a teacup!
Let’s give bad bankers a venue to admit their sins
News is about depth, not puff or velocity
Booming India, but too few toilets
Delayed Court decisions doesn't mean one may continue to play 'Great Game'
We need media to reflect on data and offer public a balanced view
Big polluters can lead in forging common purpose
The weighty issue of choosing a leader
EU-India Relations - Facing similar challenges
Educating with a goal
The Judicial Malaise
We are growing out, but not growing up
EU´s retrenchment enigma
Urbulence in the Eurozone and the effect on SMEs
Skolkovo May Help Russia to Diversify
Make things more effective
Tapping into the Commonwealth connection
Innovative models for public finance
Facebook revolution but Indian style
The feel-good factor
Asian investors - a private equity opportunity
India needs to be taller and stronger
China´s low sales volume...
Nations playing leapfrog
Shafts of sunlight
What webs we weave
As performers go to Davos, the circus steals the show
Can we control the politicians?
2011
Europe’s reminiscence
China firms should go for win-win in overseas ventures
Of procrastination...
Making sense of profiteering
Truth about financial mess must be laid bare
Small is also beautiful
China can help Europe with debt crisis
Excising the cancer of global corruption
Education, a critical asset
Arab uprisings set in motion forces of creative destruction
A new era of change
We must ensure better education for all
Beijing wary of bankrolling a lost cause
Asean's re-emergence as a local and global leader
Why India's Role in the Global Economy is Still Work in Progress
Its the leadership, stupid!
Reverse globalisation: The new buzzword
 
Itís the leadership, stupid!
By Frank-Jürgen Richter
Hindustan Times, September 19, 2011
 

Like a jigsaw puzzle, Europe comprises numerous small, irregularly-shaped tiles that need to be put together. To accomplish that task, real leadership is essential. Considering eurozone’s financial crisis, policymakers frequently engage in meetings, one of which is the G7. The G7 finance ministers’ meeting in Marseille, France, was devoted to the crisis enveloping Europe. “European officials fully understand the gravity of the situation there,” US treasury secretary Timothy Geithner said. “The G7, alongside the International Monetary Fund, is committed to working with them to decisively address the crisis in Europe.”

The officials clearly understand the struggles as well as member nations’ desire for independence that may lead to the separation of the euro. However, the recent discussion produced no exact solution. Now, several are predicting another recession.

Despite the current crisis and serious challenges expected in near future, the policymakers seem to show no real purpose in coming up with solutions. Failure to provide a resolution raised an important question. Do leaders have the ability to manage the eurozone crisis?

Recent surveys showed that some European leaders received poor ratings from the public. Only 22% of Germans have faith in Chancellor Angela Merkel’s ability to handle the financial crisis, while 83% have little faith that French President Nicolas Sarkozy would be able to solve the crisis.

In addition, due to high unemployment, budget deficits and housing/banking crisis, analysts and businessmen have little faith that Spain’s Prime Minister Jose Luis Rodriguez Zapatero had the strength to push reforms that Spain needs. Likewise, Italian Premier Silvio Berlusconi’s ability is also questioned.

Confidence, therefore, is very low. However, breaking up the eurozone or having a re-election is not a good solution. As Eleanor Roosevelt once said, “A good leader inspires people to have confidence in the leader, a great leader inspires people to have confidence in themselves.” The leaders of individual member countries need to motivate their citizens during times such as these.

Although the European dream is threatening to burst like a bubble, we should not let that happen. The European Union (EU) was founded on May 9, 1950, based on similarities — cultures, principles and traditions by former French foreign minister Robert Schuman. That dream of his led to the growth of EU, the third largest governing institution in the world.

The time has come every member country gears up to stand strong and fight this crisis together. The countries need to meet the challenges both within their own country and as a part of European Union.

To put the crisis behind, Europe needs to take a quantum step forward. It needs to focus on the big picture, make new choices, formulate effective strategies and move in the right direction. This current crisis only demonstrates the importance of a coordinated framework for crisis management.

A series of muddling-through actions, without a strong master plan should be avoided. Fiscal budget discipline is utmost important. Together, we should work on the growth and start decreasing the total amount of debt. We should be clear and specific in our objective. The key is to set a long-term realistic target.

With each member country willing to set its house right and also stand with other countries in the zone, slowly but surely, the crisis can be mitigated and we can ensure a long and stable future.

With Europe being confronted with these challenges, Brussels must be strengthened in order to achieve true and sustainable European leadership. Who knows, after the crisis, Europe may come out even stronger?

 

Frank-Jürgen Richter is the founder and chairman of Horasis, a Zurich-based global business community. The views expressed by the author are personal

 


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