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European Business Summit 2011

Most business leaders believe that Europe's young people lack the so-called 'soft skills' that are considered essential by many employers. Closer links between business and schools are seen as a way to bridge this skills gap.

The London Stock Exchange is collaborating with the European Commission to devise new funding mechanisms for SMEs, and new SME envoys from all member states will meet for the first time in Budapest next week, the European Business Summit heard yesterday (19 May).

Asked how the EU should deal with financial crises in Greece, Ireland and Portugal, Council President Herman Van Rompuy said yesterday (19 May) that because “money matters”, leaders must take care when giving out messages and “think twice” before they open their mouths.

The International Monetary Fund released today (19 May) the resignation letter of its chief Dominique Strauss-Kahn, who faces charges of sexual assault and attempted rape. A few hours earlier, European Commission President José Manuel Barroso said the next IMF chief should be from the EU.

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Rudi Thomaes , Federation of Enterprises in Belgium (FEB)

Rudi Thomaes: Belgian political crisis hinders key decisions

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