Hope Dawns for European Recovery
In `Hope Dawns for European Recovery,’ Bloomberg reporters across the continent show the bright spots that are spreading across the continent. Three years of painful austerity measures and moves toward competitiveness are starting to pay off. The broadest measures of trade are improving across the very peripheral nations that sparked the crisis in 2009. In Ireland, such companies as EBay, Google and Facebook are expanding, bringing back the foreign workers who left during the crisis. Portuguese exports of cars and marble gave the county its first trade surplus in six decades. Spanish companies are reaching out for overseas contracts to diversify the economy from real estate and tourism. Can Europe's recovery be far away?
For Prime Minister Antonis Samaras, the tangible signs of Greece’s recovery are the tourists pouring into Athens from cruise ships and airplanes. Olympia Angeli says she’s lucky those tourists keep her employed. The 28-year-old is clinging to the security of working as a waitress even as her wages have fallen by half in three years.
In a small workroom whose window overlooks the Umbrian countryside, women hold gray silk-linen cardigan sweaters up to light tables one-by-one, checking every knot and seam. When a worker finds a hole, she puts the sweater in a bag destined for repair or recycling.
Victor Alberola Salcedo was shocked when the construction of a suburban Madrid train line was halted in 2010, terminating a contract for his 17-person company. It brought home the reality of the worst economy in his country’s more than 30 years of democracy.
Brunello Cucinelli, founder, chairman and chief executive officer of Brunello Cucinelli SpA, talks about demand for Italian luxury products. He spoke April 24 with Bloomberg's Flavia Rotondi and Lorenzo Totaro in Solomeo, Italy.
Former European Central Bank President Jean-Claude Trichet, European Union President Herman Van Rompuy, Berenberg Bank AG Chief Economist Holger Schmieding and Nobel Prize-winning economist Paul Krugman comment on Europe's ability to emerge from the debt crisis.
As Ireland looks to exit a bailout which led to one of the euro zone's harshest austerity programs, Dublin is cementing its reputation as a hub for technology companies. Bloomberg's Eric Coleman reports.
Gareth Lambe, acting head of Facebook Inc.'s Irish operations, discusses expansion plans, investment opportunities and recruiting in Dublin. He spoke with Bloomberg's Finbarr Flynn in Dublin on March 14.
Petter Made, co-founder and chief operating officer of SumUp, a mobile payments company, talks about the advantages of Dublin as a base for business. He spoke with Bloomberg's Finbarr Flynn in Dublin on March 14.
Victor Alberola Salcedo, founder and director of Voxelstudios, a Spanish company which produces promotional videos to help builders win bids, talks about the company's international expansion. He spoke May 7 with Bloomberg's Angeline Benoit in Madrid.
Carlos Espinosa de los Monteros, Spanish government's high commissioner for Marca Espana, the body in charge of promoting Spain's image abroad, talks about Spanish exports and challenges facing the country's economy. He spoke April 26 with Bloomberg's Manuel Baigorri in Madrid.