An overwhelming majority of public and government affairs practitioners throughout the world are stronly in favor of reorganizing their current professional body so that it will have sufficient authority, power and legitimacy to legislate rules and regulations on behalf of practitioners and perform the functions to promote and protect the well-being and reputation of the profession.

1. Need to professionalize Public and Government Affairs

The global economy could be a very difficult environment in which to find shelter. For starters, the eurozone crisis is worsening, as the euro remains too strong, front-loaded austerity deepens recession in many member countries, and a credit cruch in the periphery and high oil prices undermine prospects of recovery. The eurozone banking system is becoming balkanized, as cross-border and interbank credit lines are cut off, and capital flight could turn into a full run on periphery banks if, Greece stages a disorderly euro exit in the next few months.

France's zero growth for the second quarter means that its economy is at a standstill. In other words it is marked by economic stagnation. Zero growth means continued high joblessness that will lead to decreased expectations on the part of the wage earners and a feeling of helplessness, as opportunities for personal improvement and wealth creation evaporate. As millions French people remain among the ranks of the unemployed, the drag on economic activity will continue. This dire scenario will have a marked effect on the French public.

In the worst case scenario, Greece's Euro Exit starts off messy. The government resurrects the Greek currency, the drachma. In this case, salaries and prices within Greece would be converted from euros to drachma, and the drachma would be allowed to depreciate to make the Greek economy more competitive. But currency markets would treat it differently. Banks' foreign exchange experts expect the drachma would plunge to half the value of the europ soon after its debut.