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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
#FAC #Russia The FM of Belgium @dreynders expects the official position of #Greece on Russia. According to him, it will be good if the EU position on Russia remained united and a decision on more sanctions to be taken. The EU foreign ministers are having an extraordinary meeting today in Brussels to discuss further measures in the wake of the latest events in Ukraine (the rocket attack on Mariupol)
29 January 2015 14:50
Adelina Marini @DLidington: The loss of life that we saw in #Mariupol was the worst loss of life with the single exception of MH17 that we have seen throughout this conflict. It is the EU duty to prepare options for the future including, I think it's now necessary, the possibility of further restrictive measures
29 January 2015 15:27
Adelina Marini
There's no need of changes to the #economicgovernance of the EU (six-pack&two-pack). We only need implementation, said #Latvia's FinMin Jānis Reirs
27 January 2015 14:18
Adelina Marini #Dombrovskis: An assessment of #Italy on its compliance with the public debt rule will be made in March together with the assessment of the draft budgetary plan. All policy options are open
27 January 2015 14:39
Adelina Marini
#CVM The latest Eurobarometer poll on the perceptions of the Bulgarians and Romanians about the Cooperation and Verification Mechanism illustrates the growing gap between Bulgaria and Romania in terms of implementation of the benchmarks in the annual reports. Almost a third of the Romanians say the situation with the shortcomings in the judiciary is improving. The attitudes in neighbouring Bulgaria are quite the opposite. Only 24% are of the opinion that the situation with the fight against organised crime is improving which is down from 38% in 2012. 13% of the respondents said that the situation in the judiciary is improving. In 2012, their number was 33%. The complete Eurobarometer research can be found here euinsi.de/x6hr
27 January 2015 12:46
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