Monday, October 18, 2004


Problems in the Europe.....

The EU's economic targets for 2010 are set to be seriously missed, according to a draft of a long awaited competitiveness report, obtained by the EUobserver.

The hard-hitting document, which assesses the EU's position in its bid to become the most competitive, knowledge-based economy in the world by 2010 (known as the Lisbon Agenda) warns that "too many targets promise to be seriously missed".

To be officially presented to EU leaders next month, the draft report foresees devastating effects if the Lisbon process is not invigorated.

"What is at risk ... is nothing less than the sustainability of the society Europe has built and to that extent, the viability of its civilisation", says the paper, drawn up by 13 experts led by former Dutch Prime Minister Wim Kok.

The working population will be unable to sustain "Europe's growing army of pensioners", economic growth will "stagnate" and institutions face "contraction and decline".


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