Davos Annual Meeting 2010 - Rethinking the Eurozone

http://www.weforum.org 28.01.2010
The EU budget deficit was only 2% in 2008, but it is now expected to balloon to nearly 7% of gross domestic product for member economies as a whole in 2010.

How can Europe repair its damaged public finances and still maintain its course for economic recovery?

Lech Kaczynski, President of Poland
Yves Leterme, Prime Minister of Belgium
George A. Papandreou, Prime Minister and Minister of Foreign Affairs of Greece
José Luis Rodriguez Zapatero, Prime Minister of Spain
Jean-Claude Trichet, President, European Central Bank, Frankfurt
Valdis Zatlers, President of Latvia

Moderated by
Robin Niblett, Director, Chatham House, United Kingdom; Global Agenda Council on Global Institutional Governance

Category:

News & Politics

Tags:

• World
• Economic
• Forum
• Annual
• Meeting
• 2010
• WEF
• Davos
• Davos10
• commentary
• analysis
• news
• George A. Papandreou
• Jose Luis Rodriguez Zapatero
• Jean-Claude Trichet
• Valdis Zatlers
• Robin Niblett

[sinclair61]

Pathetic, these people want to RUN your life, they cant even connect two cables together.

[eomer1981]

en español tampoco tiene mucho que aportar... que ejemplo...

[Yarsh52]

I though this said Davros Annual Meeting...

[Fizmoo]

@MaximusProteus

The UK has an opt-out of the need to accept the euro, other countries like Sweden (which hasn't adopted the euro either) don't have that 'special treatman'. So countries like Sweden and every other country who joined in 2004 and will join in the future will at a time need to sign up to the euro,the UK on the other hand not allthough things can change. The UK have to decide where it stands. It can not accept only the benefits of being in the euro while refusing the disadvantages

[Fizmoo]

@kindabusy1

Or you just don't understand anything about this crisis. First, in number of working hours, the greeks work more then almost every other country in the eurozone. Secondly, the reason why Greece is in trouble is because they could get cheap credit, at around 4% till a few years ago. Now, they have to pay 9% on their debt. Now imagine your country having to pay more then double their yearly interests on their debt, every country would get into trouble.

[MaximusProteus]

@deshaebeasley Actually, they talk prof. Kaczyński couldn`t make it just like a number of other guests, so i doubt that was intended.

Yes... it smells very fishy, especially if almost immediatelly Kremlin and the other medias begun a typical campaign of slanders to accuse President of pressuring the pilots.

As for the adoption of €, i`m afraid we have no choice since it was signed with acession treaty, so the only question is 'when' to do it.... 

[rr93455]

@sinclair61 this epitomizes why the internet revolution is so effective, all these dinosaurs have no idea how technology works

[Europeangirl1]

@kindabusy1 I disagree . Be busy thinking about what u talking about sweetie.

[deshaebeasley]

hmm.. the polish president who was strongly against the Euro couldnt make it for some reason... because of "snow" apparently he has a lot of transportation problems... of course devaluing your currency isnt good particularly but it matches it closer to gold which can tell the market better which is the reason poland was the only country to not have a recession in europe... I smell something fishy with the death of the polish president now with komoroski (pro euro) getting elected.

[tinotrivino]

@kindabusy1 dumbass, spain is one of the pilars idiot!!!!!

[alberta009]

well.. the Central bank of Spain is very hard system, closed and dificult to change..but we are in recesion and it was to the case of supervision or regulation, the banks had bailout from the central treasure.. so hope EU should not have to rescue us.. and you are right ...Mr.President

[alberta009]

well....looks like we are in recesion Mr. President.. and we were in January also.. ..