Global business and trade are suffering due to the crisis in Europe, which has reached worldwide proportions. As markets shudder from the systemic ripple effects of recent developments, European leaders are scrambling to find solutions. Businesses in Europe have been particularly affected. However, given the scale of the issues at stake, little attention is focused on the continent’s companies, especially its small and medium enterprises. Yet they constitute 99 percent of all businesses in the EU and form the backbone of the European economy. Even before 2008, Europe seemed to fall behind in a number of fields, such as the overall business environment, market reforms, innovation, and workforce development. What are the opportunities and challenges for European companies in times like these? How can Europe compete in the new global economic paradigm? What role should governments play? Join The Chicago Council and Christoph Leitl for a discussion on the current economic situation and the future of business in Europe.