Dr. Vera Demary, Head of Research Unit “Structural Change and Competition”, Cologne Institute for Economic Research, Germany
Despite all the effort, data clearly shows that Europe is lagging behind the US when it comes to entrepreneurship and founding new companies. It is common knowledge that there are two main obstacles to becoming an entrepreneur in Europe: the availability of venture capital and administrative hurdles.
Thomas A. Schmid, Chief Operating Officer, Hyundai Motor Europe
Europe has been experiencing turbulent times, both politically as well as economically. At the same time, we have seen the region living up to the challenges. Just look at the countries that were struggling most with the Euro crisis: their economies are mostly on the upswing again. That’s an important trend for all Europeans – and in particular for the young who, despite their good education, have found it hard to secure work.