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Business Daily speculates on the future shape of Europe. The French employers' association has said it wants full political union. The President of Medef's Ile de France region, and head of the French association of female business leaders, Marie-Christine Oghly, tells us why, in the crisis, this is the only cure - and top British investor, Terry Smith, tells us why she's wrong.

Plus on the eve of the Oscars, our regular commentator Steve Fritzinger reflects on how new technologies and business models may be changing the face of Hollywood.