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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
#enlargement The Association Council is concerned w/ the media climate & media culture in #Macedonia as well as with the biased coverage of political developments in the country. There is also a lack of separation between state and party activities. More of the conclusions from today's SA Council here euinsi.de/i51d
23 July 2014 16:43
Adelina Marini
#MH17 #Catherine #Ashton: Today we decided to prepare the next stage of sanctions, including against entities
22 July 2014 17:19
Adelina Marini #MH17 Foreign Affairs Council conclusions on #Ukraine euinsi.de/ln4s
22 July 2014 17:35
Adelina Marini
#ECON Structural reforms should take place simultaneously across the EU member states, said @PierCarloPadoan, Italy's FinMin during a dialogue with the economic committee of the European Parliament. Currently he is presenting the priorities of the Italian presidency of the Council of the EU. One of the main pillars of the Italian programme for the next 6 months is structural reforms
22 July 2014 09:21
Adelina Marini #IT2014EU #Padoan: The euro area external representation is not among the Italian Presidency priorities but I will encourage a serious debate on how to achieve that
22 July 2014 10:56
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