Despite growing external threats to wealth managers’ businesses, including losses from intergenerational wealth transfers, nearly four in five wealth managers (78%) in Europe and Asia don’t plan significant changes to their traditional business models, according to a new report from Accenture (NYSE: ACN) and Orbium, part of Accenture Wealth Management.

How the COVID-19 outbreak has impacted the need for digital upskilling in Central and Eastern Europe’s public sector

According to CSOB bank analysts, investors in the markets believe that governments are doing big things to restart the economy. And partially, they are right. Public finance deficits in the largest European economies, similarly to the Czech Republic, may reach around 10% of GDP this year. The problem is that behind much of the deficit there will be the net drop in tax revenue or measures to keep the temporarily “unemployed employees” at work – i.e. a smarter form of unemployment benefit. This does not mean that these measures do not count.

The proposed EU  recovery program represents an attempt to transform the power relationship between the EU and its member states, and its influence over the economic development of the continent. This is more than an argument over which member state gets the best slice of the pie: this is an attempt to shift the power of economic policy making to the Commission and to introduce the power of the EU to collect tax revenue from EU citizens.