Enterprise Greece and Enterprise Europe

I blogged earlier (see post of 24 February) that one way to create the conditions for Greece and other Eurozone countries whose competitivess has declined sharply in the past decade to become more competitive without leaving the Eurozone and devaluation is to give them the option to apply European social legislation less restrictively. The growth letter of the 11 European leaders in February 2012 was one example of this.

So it's interesting that Germany is now reported to be considering the European Enterprise Zone idea - based on its own experience in the past two decades - and recognising that Europe collectively, not just Greece, Italy, Spain and Portugal, faces unprecedented pressures on its social model and needs to address its global competitiveness. (http://www.dailymail.co.uk/news/article-2149757/Eurozone-debt-crisis-France-Germany-hit-Euro-plunges-lowest-level-2-years.html)