The dangers of atavism; Europe's troubled economies.(companies use old solutions to current problems)(Brief Article)

From: The Economist (US) | Date: October 19, 2002 | Copyright information

Europe's industrial policies should be brought up to date

EVERY day seems to bring more woes for Europe, and especially for the big three euro members: Germany, France and Italy. This week German banks were reported to be in trouble, and German productivity growth was found wanting. France faced an EU investigation over subsidies to Electricite de France (EDF). And Italy's government was embroiled in debate over a state rescue of Fiat Auto.

Controversy also ra...

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