Although the decline in Europe’s level of private investment from 2007 to 2011 is rarely highlighted as a feature of the region’s financial crisis, it was unprecedented. In fact, during that period, private investment in the European Union’s 27 member states (the EU-27) plunged by a combined total of €354 billion....
Source: McKinsey |
High tax rates along with legal uncertainties for investors, such as created by the Chrysler and GM bankruptcies, deter private investment.
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