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...Business leaders were not pleased with this apparent about-face from a man who was once considered an ally. "We can't turn back. There are reforms that have begun, which must still be completed," says Andrea Moltrasio, head of European affairs at Confindustria, the Italian employers' association. "No longer is Europe divided into the politics of left and right, but between populist and reformist. What we need most of all is realism." Begg agrees and warns against the risk of pursuing bad policy for short-term electoral advantages. But, he adds, "the huge ideological disputes...

Author: /time Magazine | Title: Europeans Sour on American-Style Capitalism | 11/17/2009 | See Source »

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