The Europe 2020 Strategy therefore sets out a vision for Europe's social market economy over the next decade, and rests on three interlocking and mutually reinforcing priority areas: Smart growth, developing an economy based on knowledge and innovation; Sustainable growth, promoting a low-carbon, resource-efficient and competitive economy; and Inclusive growth, fostering a high-employment economy delivering social and territorial cohesion.

Wednesday, March 03, 2010

Europe 2020: Commission proposes new economic strategy in Europe

The European Commission has launched today the Europe 2020 Strategy to go out of the crisis and prepare EU economy for the next decade. The Commission identifies three key drivers for growth, to be implemented through concrete actions at EU and national levels.

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Tuesday, March 02, 2010

Europe

Impact of the crisis: don't lump all new Member States together

The role played by foreign banks in overcoming the crisis was important, said Mr Keeremans, while Mr Darvas argued that, on one hand, the dominant presence of foreign banks contributed to pre-crisis economic growth but, on the other hand, their policies and

Initially the new EU Member States were thought to have been hit harder by the crisis than the old ones. In fact, there is considerable variation within both groups, agreed experts at a workshop on the impact of the crisis on the new Member States.

Wednesday, February 24, 2010

World

More Like Us: The Growth of the Global Middle Class

The rise of a global middle class and the decline in poverty has not just been about higher incomes and more consumption. The rising global tide we have seen in the past two decades has allowed families in developing countries to acquire healthier lives.

The global economic downturn should not obscure the unprecedented material progress that globalization has brought to the world in recent years. As the CATO Institute's Daniel Griswold argues perhaps the most important accomplishment of globalization has been the creation of a global middle class.

Wednesday, March 03, 2010

Economy

Dateline Greece: Goldman, Just Pay Up

In 2005, Goldman sold to the National Bank of Greece an “interest rate swap,” one of the notorious derivatives that have come under scrutiny since the Wall Street implosion of 2008. Greek critics of such dubious debt-hiding transactions had warned their government of the mounting long-term liabilities to the likes of Goldman, but to no avail.

As Greece teeters on the edge of sovereign default of around $300 billion and sends shudders of premonition throughout the global economy, the fingerprints of Goldman Sachs are once again to be found, as in so many crises beforehand.

Monday, March 01, 2010

Business

Capturing the promise of mobile banking in emerging markets

Creating a working mobile-money model will be complicated. It calls for coupling physical assets and capabilities from two distinct domains, telephony and banking, as well as for partnerships with a variety of players—some unfamiliar—to manage cash collections and disbursements and promote adoption.

In emerging markets, formal banking reaches about 37 percent of the population, compared with a 50 percent penetration rate for mobile phones. For every 10,000 people, these countries have one bank branch and one ATM—but 5,100 mobile phones.

Tuesday, March 02, 2010

Tourism

John Kent Institute heralds new era in tourism research

Speaking before an audience of leading figures from tourism, hospitality and academia, Mr Kent said: “Improving the Hospitality Industry through education has always been a primary area of focus to me and undoubtedly research programs offer great input to this industry. The idea of an institute to facilitate this overwhelming need for education and training has been in my plans for a long time and is now a reality through a very high profile institution like Bournemouth University.”

During a gala in London to celebrate the formal launch of the new Institute Mr Kent , the creator and CEO of youtravel.com and Aquis Hotels and Resorts, announced that applications for the first four new PhD studentships are now invited with successful candidates set to join BU from this Autumn.

Friday, February 19, 2010

Agenda

Managing Change in the Meetings Industry

Times are changing fast and the developments are therefore several and crucial. In this framework, HAPCO - Hellenic Association of Professional Congress Organizers, by continuing its "tradition" of annual conferences, organizes its 6th Pan-Hellenic Conference & Workshops on March 4 and 5, 2010.

FROM OUR COLUMNISTS

No Obama in Madrid, no Swift agreement with the US

What was the real reason for Obama’s refusal to come to Madrid? Charles Grant, director of the Center for European Reform said: ‘Obama clearly has no emotional identification with Europe. He has a cool analytical view of allies and partners. When the Europeans can’t provide much to help America solve global security problems, Obama doesn’t want to spend too much time on it’.

Relations between EU and US have known better times. In January President Barack Obama cancelled his presence at the EU-US Summit scheduled for May in Madrid; in its February plenary session, a majority in the European Parliament rejected an agreement on banking data transfers to the US.

The perfect wedding dress

In the Old World dating scene, a woman who is very sexually active is considered a slut, while men who engage in frequent sexual activity are thought to be great lovers (or, in a worst case scenario, they are more likely to develop prostate cancer). When it comes to the enlargement of European Union, though, just how many partners are too many partners?

It seems that, as in relationship tactics, the rules of political courtship are still the same variations of the marriage game: No other dress comes with more anticipation – imbued with hope, promise and intimacy — than the wedding dress.

European Parliament shows its new muscles!

The EP recognised that financial data are crucial in tracking terrorist activities but it took also the matter of data protection law as well as for example the principle of reciprocity extremely seriously.

It was a hard job for Jerzy Buzek President of the European Parliament! Usually he is busy with lecturing Russia and shaking hands with former winners of the Sakharov Prize.

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Friday, February 12, 2010

Brussels This Week

European Parliament shows its new muscles!

The EP recognised that financial data are crucial in tracking terrorist activities but it took also the matter of data protection law as well as for example the principle of reciprocity extremely seriously.

It was a hard job for Jerzy Buzek President of the European Parliament! Usually he is busy with lecturing Russia and shaking hands with former winners of the Sakharov Prize.

Wednesday, January 27, 2010

Interviews

Loukas Tsoukalis : 'Greece won't need to be bailed out by the EU'

Greece needs to take the appropriate measures to bring its public finances back on a sustainable path, and it has begun doing so. EU officials have been collaborating closely with their Greek counterparts in view of the submission of Greece’s growth and stability programme as envisaged by the treaties.

If it is indeed true that the economic crisis marks the end of an era, it is still difficult to imagine the shape of things to come. We are in a transitional period. European social democracy will need to redefine itself in a rapidly changing environment.

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