Content about Economics

There is a Sense of Urgency  in Europe. Where people know who they are and have a strong commitment with the values of freedom, social justice and development. This is the reason to believe that a new standard of Participation in Europe, more than a possibility, is an individual and collective necessity for all of us, effective European citizens. Michael Foucault is more than ever present – the difference of Europe will be in the exercise of the capacity of the individual participation as the central contribution to the reinvention of the collective society.  

The European Commission has adopted on 10 May its Communication on the European Innovation Partnership on Water.

European Innovation Partnerships, proposed by the Europe 2020 Innovation Union flagship initiative, aim to speed up innovations that contribute to solving societal challenges, enhance Europe's competitiveness and contribute to job creation and economic growth. The overall objective of the EIP on Water is to support and facilitate the development of innovative solutions to deal with the many water related challenges Europe and the world are facing,

The Croatian economic institute has revised its previous assessment for 2012 GDP to a negative outlook of -1%.

In the last quarter of 2011, the Croatian economy recorded a year on year GDP  drop of 0.4%, and,  according to the existing indicators, the economy further slowed down in the first quarter of 2012, putting the country into a double-dip recession.

After two days of meetings and bilateral negotiations, politicians and central bankers in the Spring joint conferences of the International Monetary Fund and the World Bank concluded that all their efforts to save the Eurozone and the world from the worst will be tested in the market, over the coming weeks and months.

Data from the official statisticians of Latvia recently revealed that the Latvian economy grew by 5.5% in 2011. With a better flow of investments and an overall improvement in the business climate, Latvia’s shortfall was more than halved, shrinking to 3.5% of economic output from 8.2% in 2010, the data showed. 

Both outward and inward business flows fuelled the performance as it spurred industrial growth last year. 

The Eurozone seems to be preparing for nothing less than a full change of course in its strategy in an effort to counter its sovereign debt crisis. The reason for this is that the currently applied severe fiscal diet imposed not only to 'sinner' countries like Greece, Portugal. Ireland and Spain, but to surplus member states it is leading to a deepening recession, a prospect that may send the entire world to a new period of negative growth, if not a new round of financial meltdowns.

Italy's treasury was forced to pay today, 26 April, much higher interest rates for a T-bills auction.

The cost reached the levels of a similar auction in January 2012 when the Eurozone was under exceptional pressures in capital markets. At that time the second Greek crisis had reached its apex and Italy and Spain ware suffering from devastating contagion.

Hungarian Prime Minister Viktor Orbán was in Brussels on 23 April and spoke at a press conference hosted by the European Policy Centre. His focus was on the renewal of Hungary and European economic recovery.

The European Parliament voted 18 April to approve the Human Rights Report, which calls to establish a new human rights Czar for the EU and 180 human rights specialists at 180 delegations worldwide.

Parliament approved the resolution 580-26. Richard Howitt, a member of Parliament from the UK, wrote the report. He said that by passing the resolution and creating the new position of a human rights czar the EU had made a huge step in the protection of human rights.