The news out of Europe only seems to get worse. Each government bond auction and economic data release piles on the bad news, exacerbated by a series of summits that overpromise and under-deliver. Meanwhile, the policy debate is stuck between those who blame government profligacy and those who point to underlying structural problems that plague European economies. These problems include rigid labor markets, dramatic trade imbalances among countries, and, in many places, stagnant industrial production.
Hope, however, springs eternal, and Europe might look for so-called “green shoots” in an organization called Startup Weekend. Over the past few years, this American nonprofit has quietly but quickly overtaken the continent.
To read the full, original article click on this link: Europe’s Hope: Entrepreneurs — The American Magazine
