Doing Business in the New Europe
by Keiron Root, Editorial Consultant, TMI
Europe is expanding. May 2004 saw the number of
member states of the European Union grow by twothirds,
from 15 to 25, with a further group of
eastern European countries queuing up behind them. The
expansion of the European Union was bound to bring
with it a major change to the way in which EU business
has been conducted, but what effects will it have on
the activities of European corporates? After all, the
development of a single European market is one of the
cornerstones of the whole European project, and the arrival
of ten new members, at different levels of economic
sophistication but all significantly below the major western
economies in terms of size and regulation, was bound to
impact upon financial, commercial and economic activity.
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