European growth model at risk - EPC
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On the eve of the publication of the Wim Kok expert group report on the Lisbon Agenda, the European Growth Task Force of the European Policy Centre published 10 &quot;Do-s and Don&#39;ts&quot; designed to boost growth in Europe while retaining a positive agenda for jobs
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BRUSSELS - The European Central Bank has lowered its growth forecast for the eurozone economy this year to 1.8% from a previously projected 1.9%, and to 1.9% from 2.3% in 2005, sources close to the ECB said.
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"Growth is robust and the economy is strong, therefore we can deal with it"  The head of the Euro Group of finance ministers said Friday that the European Union's banking system is strong enough to ride out the global liquidity crisis sparked by the collapse of the U.S. subprime mortgage market.Speaking before a meeting of euro-zone finance ministers, Luxembourg Prime Minister Jean-Claude Juncker said the subprime crisis should have only a modest impact on the EU economy.'I do think the European banking system is robust enough to resist' the liquidity squeeze, he said. 'The impact will not be a huge one.' Read more
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RECORD oil prices are likely to depress growth in the 12-nation eurozone next year, the European Commission warned yesterday as crude stayed close to the all-time highs it hit on Monday.
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The Organization for Economic Co-operation and Development (OECD) predicts global economic growth to be at 3.6% in 2004. The OECD lowered its forecast in the wake of a rise in oil prices and drop in consumer confidence.
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FRANKFURT: The European Central Bank (ECB) staged a tough balancing act yesterday, sharpening its warnings about the inflationary dangers of high oil prices but noting that costly energy is also softening economic growth.
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BIRMINGHAM, England  - Europe must show a &quot;determined, unwavering pursuit of economic reform&quot; or risk endangering its status as a &quot;global economic leader&quot;, EU trade commissioner-designate Peter Mandelson warned.
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BERLIN, Dec 20 (IPS) - For the European Union, 2007 was a year rich in  events, but poor on results. Next year promises to be as  turbulent as this one, and probably as unremarkable in its  outcome.
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La conferma e' dell'Eurostat. Stesso indice nell'Ue a 25
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DUBLIN, Nov 15  - US Treasury Secretary John Snow said Monday the eurozone was growing &quot;below its potential,&quot; calling it &quot;negative&quot; for the global economy.
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The EU's enlargement to 25 members in 2004 could be dwarfed by the challenges that lie ahead, writes the BBC's Stephen Sackur.
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Mr Kok's report, seen by the Financial Times, warns that Europe has fallen further behind the US since launching its ambitious target to raise Europe's growth potential at Lisbon in 2000.
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The OECD revised the growth projections for its major members. The growth of the US economy this year is likely to be 4.3 percent, instead of an earlier forecast of 4.7 percent, it said.
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A report released in Brussels on Friday showed a slowdown of economic growth in the 12-nation eurozone due to record high oil prices and the euro&#39;s sharp rise against the US dollar.
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The German finance minister, Hans Eichel, today warned that global growth would be at risk if oil prices remained at their current levels.
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Equities fall as Europe fears a wider economic slump.
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Former Dutch prime minister Wim Kok has delivered a damning report on Europe&#39;s growth and competitiveness, warning that it will be &quot;extremely difficult&quot; for the EU to meet its 2010 targets.