Beating the Euro crisis by scenario strategies

According to the traditional business cycle view, economic booms and busts follow each other in steady, lengthy intervals excepted only by some temporary breaks. In 2007, Alan Greenspan, the former president of the Federal Reserve of the United States, stated, however, that the global economy has entered a new era, characterized by an ever-increasing uncertainty, turbulence and chaos. Uncertainty met by firms Even though Greenspan’s statement has not gone without disputation, it is evident that [...]

Euro crisis and strategic choices of firms

Will Europe manage its crisis? Does euro have any future? Will Finland, Europe, and the USA face a serious economic depression in the near future? All questions are topical, yet little attention has been paid to the role of the firms among the crisis. Even though the euro crisis is intermitted to economies through firms, their representatives have not been able to participate in the euro-elite meetings and negotiations. Our analysis projects that the crisis [...]