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8/9/05

PRAVDA.Ru: Unflattering words from Russian Press - European Union kicks the bucket reminding of the USSR collapse

PRAVDA.Ru

Unflattering words from Russian Press - European Union kicks the bucket reminding of the USSR collapse

The European Union is probably going through the hardest times in its history. It is not the EU Constitution failure only; this famous episode is just an illustration to all the problems that had been accumulating for a long time. One of the main problems is dramatic deterioration of the competitiveness of the European economics, especially in the Euro-Zone. It may sound absurd because just some years ago in 2000 the EU marked the Lisbon Strategy according to which in 10 years euro economics had to become the most competitive and dynamic in the world with Euro-Zone being the most important mechanism of this strategy. Strangely enough, growth impairment and other economic mess started right then.

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