EU failed to become the world&#39;s most competitive economy, report ...
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BRUSSELS Europe&#39;s efforts to become the world&#39;s most competitive economy have failed, and the European social model faces collapse unless the Continent&#39;s governments stimulate growth and create more jobs, according to a report published Wednesday.
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The economic targets set out at the Lisbon summit of European Union leaders in 2000 were meant to help Europe leapfrog its way past the United States to become the world&#39;s leading economy by 2010.
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Good news has been in short supply for Europe&#39;s traditional industrial economies like Germany and France. Growth remains weak, unemployment high, labor markets are still rigid and the euro is soaring, pricing their exports out of the market.
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Confidence in the European economy fell slightly in December but not by as much as economists had expected in the eurozone, a European Union survey showed Monday.
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"I hope that 2008 will be a year of growth even if growth is not as positive as in 2007"  Europe's economy faces a rougher time in 2008 than last year in the face of financial market stress and surging oil and food prices, the European Union's Slovenian presidency warned Tuesday. via Raw Story
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Trade, apart from peace and prosperity, is always held up as the great EU success story. If only the EU could get its act together in other areas, such as foreign affairs, it would be a global power, the argument runs.
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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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Northern Europe and key Asian countries remained home to the most competitive economies worldwide, cementing their ranks among the top 10 in an annual survey conducted by the World Economic Forum.
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The growth of the euro-zone economy slowed in the final quarter of 2004 as Germany, the Netherlands, Italy and Greece each experienced a contraction in output, European Union data showed Tuesday.
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THE UK is the 11th most competitive economy in the world, according to the World Economic Forumâs rankings. Finland topped the rankings as the most competitive economy, for the third time in the last four years.
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Italy has sunk down the list of the world&#39;s most competitive countries because of bureaucracy, infrastructures and high taxes, a report by the World Economic Forum has revealed.
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Despite years of efforts, Europe has made little progress toward its goal of surpassing the United States in growth, innovation and productivity by the end of the decade, leading European economists reported Friday.
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Can Europeâs economy stay on track even if the U.S. economy goes off the rails? This old question is being asked with new urgency across the Continent.
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EU countries are accused of failing to pursue policies that would make Europe the world's most dynamic market.
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The EU is in danger of being relegated from the economic super-league because of its failure to match the US and Asia in growth, productivity, innovation and competitiveness, a high-level report warned political leaders yesterday on the eve of their
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The European Union&#39;s head office on Tuesday echoed comments by the European Central Bank chief, warning that &quot;excessive volatility&quot; of the euro&#39;s exchange rate against the US dollar could damage economic growth in Europe.
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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.