One crisis follows another — and Europe’s economy no longer has time to return to normal before the next disruption arrives.
The pandemic fractured global supply chains. Russia’s war in Ukraine sent shockwaves through energy and commodity markets. High inflation placed households, businesses and governments under intense pressure, while the continuing crisis in the Middle East is keeping geopolitical and economic uncertainty dangerously high.
Meanwhile, artificial intelligence is transforming production and international competition faster than European institutions can respond.
This volatile combination will be at the heart of Professor Nikos Vettas’ keynote address at the Limassol Economic Forum. Entitled “Global Economy Challenges and Priorities for European Policies,” his intervention will examine the major pressures confronting energy markets, the financial system and emerging technologies — as well as the policy choices Europe must now make.
The central problem is already well understood in Brussels. Europe possesses strong institutions, highly skilled human capital and one of the world’s largest single markets. Yet it continues to lag behind in productivity, investment and technological scale. At the same time, an ageing population is shrinking the workforce and placing growing pressure on public finances and social protection systems.
The debate, therefore, is not simply about how Europe can generate faster growth. It is about whether the continent can simultaneously finance the green transition, digital transformation, defence and its social model — without undermining fiscal and monetary stability.
Vettas approaches this challenge from the intersection of economic research and public policy. He is Director General of the Foundation for Economic and Industrial Research (IOBE) and Professor of Economics at the Athens University of Economics and Business. He has also served as an Associate Professor at Duke University and as a Visiting Professor at INSEAD. His wider experience includes participation in Greek and European institutions dealing with economic policy, competition and long-term growth.
His keynote at the Limassol Economic Forum is expected to highlight a reality that Europe can no longer conceal behind another round of declarations: its growth model requires a fundamental reset.
In the new era of global competition, standing still is not a neutral choice. It is falling behind.
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CONFERENCE INFORMATION
Organisers: IMH and IN Business magazine
Platinum Partners: Bank of Cyprus, bbf:, Deloitte Cyprus, Elias Neocleous & Co LLC, Finstella
In association with: Cyprus LSE Alumni Association
Mobility Partner: TOYOTA
Supported by: Cyprus Chamber of Commerce and Industry (CCCI), Invest Cyprus, National Betting Authority, Cyprus Shipping Chamber
Media Partners: Alpha Cyprus, Cyprus Business News (CBN), GOLD magazine
For further information and registrations, please contact IMH:
Telephone: 77777741
Fax: 22679820
Email: events@imhbusiness.com
