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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 about to present the much awaited #energyunion. The proposal will be presented by Vice President Maros Sefcovic, who is responsible for the energy union, and energy Commissioner Miguel Arias Canete. You can watch the presentation live in all EU languages here or stay tuned for live updates euinsi.de/nMeF
25 February 2015 11:56
Adelina Marini #energyunion #Sefcovic: The most vulnerable countries, like #Bulgaria, will have to build interconnectors to ensure supplies from three different sources
25 February 2015 13:02
Adelina Marini
Before the appearance of @J_Dijsselbloem in the economic committee of the EP, the MEPs will hear Jonathan Hill, the financial services commissioner, on the capital markets green paper
24 February 2015 09:10
Adelina Marini The #Eurogroup has approved the reforms list of #Greece, confirmed on Twitter #Slovakia FinMin Peter Kazimir. "Greeks have lots of heavy-lifting to do until end-April. We all want to see numbers now", he added
24 February 2015 15:02
Adelina Marini
The European Commission has confirmed that the #Greece reforms list has arrived in Brussels in time. According to sources, the initial assessment of the Commission is that the list is "sufficiently comprehensive". In an hour, the Eurogroup chief will appear in the economic committee of the European Parliament where the main focus on Greece. He is also expected to make a preliminary assessment of the reforms list
24 February 2015 08:49
Adelina Marini The hearing of Jeroen #Dijsselbloem finished with applause by the MEPs
24 February 2015 11:35
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