Saudi Exchange approves Morgan Stanley Saudi Arabia as Market Maker on eight listed securities    Syria forms independent commission to investigate Latakia and Tartus violence    King Faisal University registers 631 patents in 2024    Princess Haifa hands credentials to French president as ambassador to Andorra    Saudi Arabia enhances security and services at Prophet's Mosque during Ramadan    Saudi Arabia's GDP grows 1.3% in 2024, driven by non-oil sector expansion    Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum    Saudi Arabia spends $724 million to implement 1,072 projects to empower women in 79 countries    Israeli army arrests 16 Palestinians in fresh West Bank raids    South Korea's political crisis deepens as rival protests erupt over impeached President    Al-Ahsabah Valley: A scenic retreat in Al-Baha    World Bank estimates Lebanon needs $11 billion for economic recovery and reconstruction    Al Shabab stuns 10-man Al Nassr with late equalizer; Al Hilal closes gap at the top    Saudi taekwondo star Dunia Abu Talib wins IOC gender equality award for Asia    Mitrović returns to boost Al Hilal ahead of crucial clashes, Savić sidelined    Kanté rescues Al Ittihad with last-gasp equalizer against Al Qadsiah    Real-life shipwreck story wins major book award    Islamic Arts Biennale celebrates Ramadan with 'Biennale Nights' in Jeddah    Nora Razian and Sabih Ahmed appointed artistic directors for 2026 Diriyah Contemporary Art Biennale    UK death rate 'reaches record low'    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EU's Barroso calls for 10-year plan on smart economy
Published in Saudi Press Agency on 10 - 02 - 2010

The European Union must make its economy smarter by putting more money into science, engineering, research and
development in the next decade, the head of the bloc's executive
wrote today ahead of a key summit, dpa reported.
EU leaders are set on Thursday to discuss ways to pull the bloc
out of the trough of lame growth and high unemployment into which it
has fallen, after they failed to live up to previous ambitions of
becoming the world's highest-tech economy by 2010.
"By taking bold action we can ... avoid the trap of a decade of
'sluggish' growth and high unemployment which would reduce our
standard of living, put enormous strain on our social systems and
diminish Europe's role in the world," Jose Manuel Barroso wrote in a
briefing paper circulated ahead of the summit.
That "bold action" should include national targets to boost
spending on research and development, improve the quality of
education and cut down on greenhouse-gas emissions - all goals which
will demand a huge pool of qualified technicians.
"It is important to address the major shortfall we have in
mathematics, science and engineering," Barroso wrote.
Barroso heads the European Commission, the EU's executive, which
controls the bloc's 130-billion-euro (178-billion-dollar) annual
budget and drafts and enforces its laws.
As part of the push for more economic growth, the commission will
in the next decade crack down on national barriers to free trade and
business, spend the budget money in more productive areas and push
for more trade liberalization overseas, Barroso wrote.
Thursday's summit is billed as a first debate among EU leaders on
the future 10-year plan. Discussions are tipped to run until June.
The summit is to be the first chaired by the new president of the
Council of EU member states, Herman Van Rompuy, who in a separate
letter proposed seven steps to make the EU economy more dynamic. He
also called for national and EU targets on issues such as research.
However, the two letters hinted at a potential clash between the
EU's two most powerful officials.
Van Rompuy wrote that "only the European Council (of national
leaders) is capable of delivering and sustaining a common European
strategy for more growth and more jobs."
But Barroso wrote that the council "should provide overall
guidance for the strategy, on the basis of commission proposals."


Clic here to read the story from its source.