In this paper we propose a relatively simple procedure to predict Euro-zone industrial production using mostly data derived from the business surveys of the three major economies within the European Monetary Union (France, Germany, and Italy). The basic idea is that of estimating business...

The report gives a rather gloomy picture of the current state of the Lisbon process, even though there has been some progress during the last year, such as the spread of new technology in society and the liberalisation of several markets, e.g. the energy market. However, in many areas action is...