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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
#Brexit Nine months after the referendum on EU membership, the UK has today handed a formal notification that it is leaving. The letter triggering #Article50 was handed by UK Ambassador to the EU Tim Barrow to European Council President Donald Tusk. Thus the negotiations on Brexit have officially begun
29 March 2017 13:47
Adelina Marini #Article50 #Tusk: Thank you and good bye!
29 March 2017 14:05
Adelina Marini
European Commission First Vice President Frans #Timmermans is reporting on the rule of law procedure against #Poland in the civil liberties, justice and home affairs committee of the European Parliament. Stay tuned for live updates
22 March 2017 16:46
Adelina Marini #Poland #Timmermans: In every country there are problems with the rule of law. No country is above the law. But it is never an excuse that someone else is doing the same
22 March 2017 17:48
Adelina Marini
The #Eurogroup finance ministers are gathering today for their regular meeting with a main issue on the agenda the 2nd review of the 3rd bailout programme for #Greece. There is another issue hanging in the air, which is not on the agenda - will the Dutch Finance Minister Jeroen Dijsselbloem remain on the position as chair of the Eurogroup since his party sustained huge losses at the parliamentary elections in the Netherlands last week. For now, a Tusk-effect is not visible but all minsters praise Dijsslbloem as a brilliant chief of the Eurogroup. Everyone, however, refuse to forecast whether he will stay even after his mandate runs out in January. EU economic affairs commissioner Pierre Moscovici hinted something in that direction saying that Mr Dijsselbloem is very competent and is very well aware of the Greek dossier. This is a hint that the next is yet to get acquainted with this dossier and there might not be sufficient time for that
20 March 2017 15:15
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