<b>Business News: </b>Surveys show a two-speed Europe in a two-speed world. By Dawn Smith
Companies in Northern and Central Europe are generally more cost competitive and optimistic those in the UK, France and Southern Europe, according to a pan-European business survey commissioned by KPMG.
However, competition from lower-cost economies is seen as a big threat to business across Europe - an issue thrown into sharp relief by a report from PricewaterhouseCoopers, which predicts that established economies in the West will be overtaken by emerging markets such as China and India by 2050.
The KPMG survey found that companies in the UK, France and Southern Europe think it will be to