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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
#EMU A day after the informal meeting between German Chancellor Angela Merkel with French President Francois Hollande in Strasbourg, joined later by EP President Martin Schulz (S&D, Germany), the governors of the central banks of the two countries came up with a common appeal in the German daily Sueddeutsche Zeitung for a common eurozone finance ministry, Reuters reported. "The current asymmetry between national sovereignty and communal solidarity is posing a danger for the stability of our currency union", write Bundesbank chief Jens Weidmann and Banque de France President Francois Villeroy de Galhau. The idea of a euro area finance ministry is not new. A similar function is envisaged in the five presidents' report as well. However, it requires treaty change for which there is no appetite. How will the renegotiation with Britain unravel will be crucial for the path the euro area and the EU at large will take
8 February 2016 11:43
Adelina Marini
#Brexit The long-awaited invitation to UK PM David Cameron to address the European Parliament has finally been accepted. Cameron will address the EP on 16 February on the eve of the crucial EU summit on 18-19 February dedicated on the British question. The British PM will address only the leaders of political groups to present his views about the proposed deal and the chances of UK to stay in the EU
5 February 2016 11:21
Adelina Marini
#Brexit With the draft deal with the #UK, published by #EUCO President Donald #Tusk a while ago, a commitment is made the UK demands to be incorporated in the EU treaties at the next revision of the Treaties. You can read the entire package of answers to David Cameron's demands here euinsi.de/xBwX
2 February 2016 12:54
Adelina Marini #Brexit David #Cameron's demand the phrase "to ever closer union" to be removed from the EU Treaty is rejected in the draft deal. However, it is proposed to explicitly state in the Treaty (whenever changes are made) that the UK is not committed to further political integration in the EU
2 February 2016 15:27
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