What exactly does it mean to do "reduced impact logging" in Europe, do you have a link?
Coming from the Northeast where our trees are also of great economic value (and of greater natural value), I completely agree that a more strategic approach to logging should be pursued. But at the same time, we need to develop methods for supporting rural logging towns economically. I'm not sure what the answer is, but ideally it can make use of and build upon existing skill-sets and lifestyles in those areas.
I want to believe that if communities are properly educated and given opportunities to improve their practices, they would.