Conclusions of the 2010 Aix-en-Provence Economic Forum
AVIGNON, France, July 5, 2010 /PRNewswire/ --
- Ten Measures for Constructing European Growth
Do our countries still have a future? Yes!
In order to succeed in creating real growth in Europe, it will take more than a simple declaration. It is necessary to ensure unprecedented human and capital investment, a true strategy of breaking with the past via newly thought-out innovation and industrial policy, an enhanced education and qualification, a re-imagined growth funding and financial regulation, green growth, a reactive macroeconomic policy, a renewed Social Pact and a reinforced multilateralism.
The "Cercle des Economistes" has outlined ten measures: 1. For a targeted industrial policy: health, energy, green technologies, transport, digital and nanotechnologies - Directing private savings towards productive long-term investments through a public-private risk-sharing with the State as reinsurer. - Creating a European debt agency to fund these investments. 2. For an ecologisation of industrial policy - Implementing a carbon tax and R&D subsidies to the green sector. 3. For a European Small Business Act - Granting SMEs access to public markets and dedicated fundings piloted by regions. 4. For a dedicated training and research policy - Allocating 2% of GDP to higher education. - Creating a European network of competitiveness clusters. 5. For financial market regulation in Europe - Bringing together US and European accounting and prudential standards. - Implementing compensation chambers for derivative products. - Penalising proprietary trading of deposit banks. 6. For an active macroeconomic policy - Making the Stability Pact contra-cyclical. - Managing interest rates, the exchange rate and the deficit with growth as a priority. - Implementing, via the ECB, a cooperative exchange rate policy yet taking into account growth. 7. For intelligent and differentiated macroeconomic surveillance - Protecting productive investments, from austerity cuts of the next five years; proscribing any taxation which penalises work and innovation. 8. For selective immigration - Basing immigration on qualifications and integration into the labour market. - Attracting young foreign students. 9. For a unified labour market - Constructing the European labour market through training. 10. For a common European policy regarding technology transfers - Insisting upon European cooperation in technology transfers. - Redirecting our cooperation towards Africa.
Full text available at http://www.lecercledeseconomistes.asso.fr
Julie Dardelet: firstname.lastname@example.org - Tel: +33-6-33-85-96-83
Lorraine Lenoir: email@example.com - Tel: +33-6-03-53-92-13
Anais Paccard: firstname.lastname@example.org - Tel: +33-6-24-62-55-45
SOURCE Le Cercle des Economistes
More by this Source
Wirtschaftsforum von Aix-en-Provence: Abschlusserklärung des Cercle des Économistes
Jul 16, 2013, 10:15 ET
2013 Aix-en-Provence Economic Forum: Declaración final emitida por Cercle des économistes
Jul 16, 2013, 04:13 ET
2013 Aix-en-Provence Economic Forum: Final Statement by the Cercle des Économistes
Jul 08, 2013, 10:28 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.