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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 Council of the EU has tasked the Commission to submit an opinion on #Bosnia and Herzegovina's application for EU membership. This is a sort of consent the European integration process of #BiH to deepen. This consent, however, comes with a condition. In their conclusions, the ministers ask the Commission to pay special attention on the implementation of the ruling on the Sejdic-Finci case. This was the first pre-condition for the continuation of BiH's integration process before the change of approach. In the conclusions, there's no single word about the upcoming referendum in the Republika Sprska this Sunday. You can read the full text of the conclusions here euinsi.de/xBR9
20 September 2016 12:34
Adelina Marini
#euco Good day from #Bratislava! The sirens and the blocked city centre this morning created a sense of Brussels. The leaders of the EU member states (without UK) have gathered in the Slovak capital city to try to find a solution to the pile of pressing issues. The drama is that some leaders want an entirely new vision for the EU whereas others insist the summit to deal only with specific issues like security, migration and the creation of a defense union. The 27 are expected to tell each other honestly everything they were so far silent about for various reasons. To some, Brexit was the final drop, to others - it's the stubborn behaviour of leaders with illiberal views. The organisers' plan is the summit to draw a 6-month plan for restoration of the sense of unity. So, prepare for a long summit which might not end so optimistically as President Donald Tusk wanted before its start
16 September 2016 11:24
Adelina Marini #BratislavaSummit Tusk: Bulgaria is a good example of the change of our approach. This means that all member states are ready to support Bulgaria for the effective control of the border with Turkey
16 September 2016 20:11
Adelina Marini
#Montenegro PM Milo Djukanovic is appearing for a hearing in the European Parliament's foreign affairs committee. Stay tuned for live updates or watch the debate live here euinsi.de/4t7D
15 September 2016 08:09
Adelina Marini #Montenegro Djukanovic: I agree that the Thessaloniki agenda is not being applied seriously but we have to note that the process is still alive
15 September 2016 09:10
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