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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."


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