Tag: economic reform

The G20 summit, which starts the day after tomorrow (2 April), will demonstrate how fast the balance of power is shifting from the old US-led economic order towards emerging market nations, although it is much too early for a productive debate about a new world currency.

Reactions to Russian proposals on financial reform ahead of the G20 summit in London have generally been positive, a high-ranking Russian official told journalists after holding talks in Brussels yesterday (17 March).

The build-up to this weekend's G20 international summit in Washington (November 15) continues to gather momentum as finance ministers and bank leaders from the world's 20 largest economies gathered on Saturday (November 8) in Brazil.

China's emergence as the world's third economic power has changed the "global chessboard" by adding a new tactical dimension of the Sino-European relationship, says an April study led by associate researcher at London's Royal Institute of International Affairs Karine Lisbonne-de Vergeron for the Robert Schuman Foundation.

Having convinced fellow eurozone nations that his country should be allowed to bypass a deal between the bloc's 27 members on eliminating budget deficits in order to boost growth and employment, French President Nicolas Sarkozy has also won support for his candidate to head the International Monetary Fund (IMF).

Eurozone growth is at its highest in years, but governments must take advantage of the good times to consolidate public finances and implement structural reforms in order to prepare for an ageing society, warned the Commission in its annual econcomic statement.

EU leaders agreed to cut Community bureaucracy by 25% at their summit on 9 March 2007, but, to the disappointment of business leaders, they refused to commit their administrations to the same target and few other pledges were made to speed up economic reforms.

The Commission’s 2006 Competitiveness Report says that member states must further liberalise energy markets, cut red tape and invest in innovation in order to boost growth and create jobs.

The latest OECD report underlines the positive effect of reforms in Turkey on economic growth, but also perceives an increasing need for action.

A majority of EU members rank in the top 40 best locations for doing business but regulatory reforms must be pursued to avoid Asia’s growing economies from overtaking.

Mr. Leif Fagernäs, Director General of the Confederation of Finnish Industries EK, comments on the reasons behind Finland's strong economic performance, R&D policy and flexicurity.

Commonly, Britain's relatively positive employment situation is attributed to a far-reaching deregulation of the private sector. Wrongly so, argue British economists. Seemingly outdated Keynesianism is what led to the British job miracle. 

CER says progress towards Lisbon targets is 'satisfactory' but success depends on push at Stockholm summit

Vladimir Putin has been sworn in as new President of Russia