The third edition in our 'Future of Europe' series looks at three distinct aspects of the regional business, economic and political landscape: recovery, integration and expansion.

Drawing on more than 3,000 business interviews conducted between November 2013 and February 2014, the report finds Europe in a much healthier situation compared with this time last year, with growth forecast for all economies in 2014.

However a number of challenges remain, including deflation, unemployment and unsustainably high levels of public debt. In addition, there is some evidence that business leaders are tiring of the EU integration agenda and that the sovereign debt crisis has damaged the attractiveness of Europe as a place to do business.