Spirit of optimism in Europe

There is a spirit of optimism in the air. Across Europe. Even though all 27 EU member states are in the midst of the final phase of fighting the pandemic and the infection figures do not yet allow a final signal of relief, rising vaccination rates finally promise a timely ray of hope - after more than one year of a state of emergency.

The pandemic was a 'world's first' for many of us - and the current crisis, at the latest, has highlighted like a bright spotlight where Europe has been faltering for some time. While the self-employed, small and large companies switched to widespread home offices within a few days, organized masks for their workforces and introduced shift models, procured rapid tests and Plexiglas screens, government institutions - Germany in the lead - showed a worrying inertia and incompetence in crisis management.

The list of failure is long. Digitised administration is nothing more than a badly told joke.  Digitisation in education - especially in the schooling of our children, the next generation - is not much better. Approval processes are slow and sluggish. Local, state and federal politicians have, for the most part, shown a political horizon that reached no further than the country's borders. Located in the heart of Europe, Germany in particular has painfully experienced what it means for regions close to the border when the barrier falls again...

The European Federation of Financial Advisers and Financial Intermediaries (FECIF) was chartered in June 1999 for the defence and promotion of the role of financial advisers and intermediaries in Europe.

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