Business leaders see political instability as a threat to Europe
Hindustan TimesFRANKFURT, - Europe must foster greater political stability, cut red tape and reduce energy price volatility to reverse falling foreign direct investment, EY said after a survey of business leaders. Business leaders see political instability as a threat to Europe The more than 500 executives surveyed by the consulting firm ranked political instability, including upcoming elections, populism and polarisation as the second-biggest risk for Europe, trumped only by an increased regulatory burden. Polls show the eurosceptic, anti-immigration National Rally ahead before the two-round French vote ending July 7, casting a pall over the economic direction of a country that last year topped EY's FDI rankings in Europe. Lhermitte said last year saw 15% fewer investments by U.S. companies in Europe, a sign the incentives in President Joe Biden's Inflation Reduction Act were persuading many American businesses to invest domestically.
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