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Davos 2012: The Great Transformation

After three year-long efforts to overcome the 2008 crisis, analysts and politicians have come to the conclusion that the crisis is not an ordinary crisis - it is a crisis of the system. This is the reason why for months now around the world various discussions are taking place on whether capitalism is to blame, is it an exhausted system; is democracy, the way we have known it, capable of protecting us from going back in the social changes that we are going through under the pressure of economic problems. All these questions are being asked and answers are being sought in an environment of political transformations in key regions of the world. This is why the theme of this year's World Economic Forum (WEF) in the Swiss ski resort of Davos is more than challenging: The Great Transformation: Shaping New Models. It reflects the need of a deep overhaul.

According to WEF founder Klaus Schwab, capitalism, in its current form, no longer fits the world around us. "We have failed to learn the lessons from the financial crisis of 2009. A global transformation is urgently needed and it must start with reinstating a global sense of social responsibility". The 2012 forum will be opened by one of the leading participants in the transformation - German Chancellor Angela Merkel, who is carrying the burden of saving the eurozone - a union, the very existence of which is directly related to global stability. In Switzerland this year will come the heads of state or government of over 40 countries, among which South Africa, Mexico, Pakistan, Denmark, Poland, Ukraine, Britain.

Among the expected speakers will be American Treasury Secretary Timothy Geithner, UN Secretary General Ban Ki-moon, IMF chief Ms Christine Lagarde, of the World Bank Mr Robert B. Zoellick, the secretary general of the Arab League. As in 2011 and 2010 euinside will make you part of the most interesting statements and the most interesting ideas.

31 January 2012 09:53 Is the Fiscal Compact the Big Bazooka?

"Firewall - what is the condition - bigger firewall to a de facto or maybe a jural fiscal union. The problem is that the big bazooka had to be there and is not there yet. Trust continues to be destroyed because of this asymmetry of considerations". These are words of Mr Angel Gurria, secretary g ...

29 January 2012 10:51 David Cameron: Europe Needs the British Boldness

Britain has undertaken bold steps to get its economy back on track. Europe should follow suit, British Prime Minister David Cameron said with unconcealed self-confidence at the annual meeting of the World Economic Forum in Davos. The pathos of his speech was aimed to show that London did not fee ...

29 January 2012 16:07 Merkel in Davos: Do We Dare More Europe?

Europe must be a political union, where the European Commission looks more like a government, the European Parliament is stronger and the Council (where member states' leaders are presented) is a kind of its second chamber, and the EU Court of Justice is the supreme court with powers to supervis ...

 
free talk corner
Adelina Marini
The European Commission is to present the progress reports of the #WesternBalkans and Turkey. Federica Mogherini and Johannes Hahn will present the package just a couple of hours after French President Emmanuel #Macron announced he would not support any further enlargement before the EU had deepened. Stay tuned for live updates!
17 April 2018 15:31
Adelina Marini #Hahn: President #Macron was in line with what our president said in his speech of the State of the Union. This is not a contradiction. It's simply acknowledging we have to improve our internal procedures
17 April 2018 16:03
Adelina Marini
#France President Emmanuel #Macron will address the European Parliament this morning and will take part in a debate. This will be an attempt to rescue his European agenda, which has been losing a lot of steam in the past months. Stay tuned for live updates
17 April 2018 09:42
Adelina Marini Long and passionate standing ovation after Emmanuel Macron finished speaking in the European Parliament
17 April 2018 13:22
Adelina Marini
The EU foreign ministers met today in Luxembourg for a regular Foreign Affairs Council to discuss the situation in #Syria after the coordinated strikes by France, UK and the US in response to the chemical attack in Douma. The ministers also discussed Iran's role in the conflict, relations with Russia, and the preparations for the summit with the Western Balkans in Sofia next month. The meeting ended a while ago. Coming up next is High Representative Federica Mogherini's press conference. Stay tuned for live updates
16 April 2018 18:02
Adelina Marini #FAC #Mogherini: We keep a very open channel with #Iran on the war in #Syria. We need to keep that channel of communication open
16 April 2018 18:41
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