Table of Contents

Structural Challenges for Europe

Structural Challenges for Europe

Edited by Gertrude Tumpel-Gugerell and Peter Mooslechner

The main thrust of the book is that the sharing of mutual experiences is important for generating an acceptable policy mix, both at EU and national levels. The contributors highlight key financial issues, including the role of FDI and of foreign banks in the still ‘under-banked’ acceding countries, the re-launch of social security systems and the fiscal challenges of financing the catch-up process. They also examine the ongoing EU debate surrounding the application of the Stability and Growth Pact in Central and Eastern European Countries (CEECs) and go on to explore the contrasting evidence that some CEECs have shown more extensive privatisation efforts than some EU countries.

Chapter 27: Europe in 2020 Â… globalization challenge and/versus regional responses?

Elena Kohútiková

Subjects: economics and finance, money and banking


27. Europe in 2020 – globalization challenge and/versus regional responses? Elena Kohútiková The Lisbon summit in 2000 set a new strategic goal for the European Union: to turn the EU into the most competitive and most dynamic knowledge-based economy of the world, capable of sustained economic growth with more and better jobs and greater social cohesion. A few months later, the conclusion of the Intergovernmental Conference (IGC) in Nice opened the way for enlarging the EU. Moreover, the Nice IGC, recognizing the need to improve and monitor the democratic legitimacy and transparency of the EU institutions in order to bring them closer to citizens, manifested the EU’s ambition to embark on a deeper and wider debate about its future. In December 2001, the Laeken declaration on ‘The Future of the European Union’ recognized that the EU will require renewal and reform in order to become more democratic, more transparent and more efficient. The Laeken declaration also opened the debate on possible ways to simplify the Union’s instruments and to enhance the transparency of its institutions, including a possible reorganization of the four EU Treaties across which the objectives, powers and policy instruments of the Union are currently spread. This debate about the EU’s future is expected to help pave the way for the next IGC in 2004. In order to do this as broadly and as openly as possible, the European Council decided to convene a Convention composed of the main parties involved in the debate on the EU’s...

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