Company View: Impact of Europe's economic woes

Reuters, 4 August 2010, In the Reuters report which collected reactions from executives at leading global firms on Europe's economic problems, Panasonic Managing Director Hitoshi Otsuki is quoted as follows: "We are looking at it very cautiously.  Europe is Panasonic's biggest market, bigger than America.  We have underlying strength there because of our brand name, so we are in a relatively good position, but as regards the economy itself, for example unemployment in the UK is high at 10%.  We are very cautious about the situation, including the exchange rate."  For views by CFOs and managing directors of other companies including GE, LG Electronics, Sony, Toyota, etc., go to http://in.reuters.com/article/idINIndia-50621120100804