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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 #migrant route toward Europe has shifted through the Western Balkans, The New York Times reports. The newspaper quotes Hungarian authorities, who claim the shift of migrant flows is due to some extent to the many drownings in the Mediterranean, to the more centralised policy of the EU as well as the tightening of visa regime in Middle East countries. Another reason is that Bulgaria has significantly tightened border control, as well as Iran. Between January and June 79,000 people crossed illegally from Turkey into Greece, according to Frontex. Some of them continued through Macedonia and Serbia to Hungary. NYT writes that the shift is already causing sharp rises of the anti-migrant sentiments in the Balkans and is boosting nationalist parties euinsi.de/udqK
20 July 2015 09:10
Adelina Marini
The #Greek parliament has approved the conditions the euro area demanded to be voted on before starting negotiations on a third bailout programme. In the early hours of Thursday the parliament in Athens voted the measures with 229 MPs supporting the prior actions, the Kathimerini newspaper reported. 64 members of the party of PM Alexis Tsipras, SYRIZA, voted against the package. All MPs from the coalition partner Independent Greeks supported the legislation. The newspaper commented that with such support the government has received a mandated to continue to govern. Now the Eurogroup has to give a mandate for a start of the negotiations on a third bailout programme. However, in some member states this needs parliamentary approval
16 July 2015 08:51
Adelina Marini
The #Eurogroup has re-elected Jeroen #Dijsselbloem as president
13 July 2015 18:20
Adelina Marini #Dijsselbloem: It won't be easy (the negotiations on the bridge financing)
13 July 2015 18:55
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