kept investors in Europe on edge on Monday, with the benchmark stock index struggling for direction for most of the session. Weak Chinese economic data further added to the nervous sentiment. The Stoxx Europe 600 index /quotes/zigman/2380150 XX:SXXP +0.20% ended the volatile session up 0.2% to 312.22, supported by oil firms and other heavyweights such as Vodafone Group PLC /quotes/zigman/421253 UK:VOD +0.80% /quotes/zigman/101873/quotes/nls/vod VOD +0.25% . Click to Play Europes week ahead: U.S. shutdown, luxury goods Attention will continue to focus on the U.S. with negotiations to break the impasse over the U.S. debt ceiling and nonfarm payrolls and CPI data. In Europe, investors will look out for U.K. unemployment data, German industrial production and luxury brands Burberry and LVMH on the corporate side. We are no nearer a resolution in the U.S. and I think its fair to say that the nearer we tick closer to [the debt-ceiling deadline] on Thursday, the more nervous the markets are going to get. Few investors are willing to commit to risk until they know how this will play out, said Richard Hunter, head of equities at Hargreaves Lansdown. Not even the raft of major earnings reports will get investors distracted from the debt ceiling, he said.
McCann Eastern Europe Named ‘Agency Network of the Year’
The development of hard and concomitant soft power capabilities by the European Union is impeded by structural issues, reduced economic resources, and clashing political agendas. Conflict-related diplomacy and the participation in conflict itself do not easily fit with the more established EU processes of integration, convincing, and influencing inter- state processes. In practice, an EU defense force would need to be a combination of the major military powers of the Union, such as the United Kingdom and France, with a sprinkling of other countries military contingents that would have a relatively limited role and presence. This immediately raises the contradiction of one member-state facing a proportionately larger cost than others for the projection of hard and soft power by the whole Union. It would be inevitable that domestic political pressure would challenge the commitment of a countrys forces, in particular if loss of life becomes a factor. In order for such hard power to materialize, the process of its development would have to be an outgrowth of other integration processes within the European Union. In all likelihood, EU hard power capacity would be directly proportional to the level of fiscal and political union achieved within Europe. The more clarity there is in how the member- states share the economic and financial costs of other integration activities, the easier it would be to formulate the appropriate methods of sharing the burden of creating and projecting a unified military and foreign policy stance. The emergence of EU hard and soft power is probably going to be the result of dealing with specific crises faced by the Union as a whole than of a process of majority voting and referendums within the various member-states. It is possible that future geopolitical engagements could create a forcing action for internal EU processes to be modified to facilitate the emergency creation of hard and soft power, sometimes outside the scope of the accepted practices of legal, economic, and constitutional changes in the Union. Third, as a political project, the European Unions future would be assured if the political will behind its continuous existence remains in place . This will has been challenged by increasingly nation-centric views by different members, the anti-European sentiments in certain European constituencies, and the perceived weight of problems associated with membership in the eurozone and the European Union, respectively. A key factor that would determine the continued political support for the European Union would be the state of the Unions economy.
Europe’s Strategic Future: Implications of the Eurozone Crisis
“The team has done a superb job helping not only to contribute to the success of our clients, but in helping to solidify our reputation as one of the best agencies in the region.” “It’s an incredible honor and one of the most satisfying moments in my career. This is a wonderful affirmation of what happens when you build positive camaraderie and relentlessly focus on doing great work,” said Adrian Botan, VP Creative Excellence at McCann Worldgroup Central and Eastern Europe. The “Agency Network of the Year” is a special award given to the agency with the most cumulative winning points per entry. McCann Erickson received two Grand Prix, five Golds and 11 Silvers. The Grand Prix were awarded to McCann Bucharest for Rom (“Bucharest Not Budapest”) and McCann Estonia for KredEx. “We’re proud that so many agencies from across the region contributed,” said Richard Bonner-Davies, President, Central and Eastern Europe, McCann Worldgroup.”And, the great work being recognized tonight wasn’t just done for one or two brands, but a really broad range of our clients.” In addition to the Golden Drum honors, McCann Worldgroup’s global awards recognition in 2013 includes: The Spikes Asia Festival of Creativity in Singapore, where McCann Worldgroup was named “Network Of The Year” and McCann Melbourne was named “Agency Of The Year”; The Cannes Lions International Festival where the network was recognised with an unprecedented five Grand Prix making McCann Melbourne’s “Dumb Ways to Die” campaign for Metro Trains Australia the most awarded campaign in the history of show; “Agency Of The Year” for McCann New York at the 2013 Art Directors Club Awards; The Webby awards where McCann Worldgroup won the most awards of any network; D&AD recognition of McCann Melbourne as the most awarded agency and its campaign for Metro Train’s “Dumb Ways To Die” as the most awarded of the show; Best Of Show at the Global One Show awards; and finally, recognition from The EFFIE Awards that ranked McCann Worldgroup as the third most effective agency network in the world. McCann Worldgroup,part of Interpublic Group ( IPG ),is a leading global marketing company with 23,000 employees in more than 120 countries comprising McCann Erickson (advertising), MRM (digital marketing/relationship management), Momentum (event marketing/promotion), McCann Health (professional/dtc communications), CRAFT (global adaptation and production), UM (media management), Weber Shandwick (public relations), and FutureBrand (consulting/design). @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges . Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page . Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided “as is” for informational purposes only, not intended for trading purposes or advice.