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Europe After The Lisbon Treaty. Strategies for the Future

Gabriel Bernardino, Chairman, CEIOPS Committee of European Insurance and Occupational Pensions Supervisors, Portugal Vladimir Dvoracek, Director of Financial Market Supervision Unit, National Bank of Slovakia

For our region the experience of Slovakia, which adopted the Euro shortly before the crisis, is of great importance. Jozef Makuch, President of the National Bank of Slovakia, concluded that Slovakia is attractive for investors but the current crisis has taken a relatively big toll on this country. According to him, the fact that Slovakia is in the Eurozone may be helpful in getting out of the crisis because it has not been aected by uctuations in exchange rates as has been the case in other countries. A Drop in production has been, therefore, partly mitigated by maintaining the levels of remuneration. However, the current crisis has shown that Europe has to streng- then the foundation for the common currency so that it is stable and safe.

A n ecient and develo- ping economy requires prepared and well-go- verned people. Companies’ successes largely depend on the quality of their managerial sta. In a debate devoted to this topic, Jacek Siwicki, Pre- sident of Enterprise Investors Corporation in Poland pointed out that the qualities of a leader and of a manager are comple- mentary. A leader should have the characteristics of a good manager whereas a manager who becomes a leader nds it extremely hard to resume per- forming his original duties.

Roland Dubois, Member of the Management Board for Finance, Telekomunikacja Polska SA, France

www.economic-forum.pl

Economic challenges of globalisation

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