NEWS > Business
Barroso maps out strategy to boost EU economy
2005-01-27 00:47:02 XinhuaEnglish

ˇ@ˇ@BRUSSELS, Jan. 26(Xinhuanet)-- European Commission(EC) President Jose Manuel Barroso on Wednesday tabled to the European Parliament(EP) a five-year policy strategy to boost the economy of the European Union(EU).

Speaking to the EP, Barroso set out his vision for the strategic objectives for the EU until 2010 and the aim is to"deliver prosperity, solidarity and security
for all Europeans."

Barroso said it was time to release Europe's"enormous untappedpotential", calling for policies which would bring economic growthand create more jobs.

Barroso's address, entitled Partnership for European Renewal, contained few specifics and a great many generalities about bringing Europe closer to its citizens, more prosperity and turning words into action.

Five years ago, the EU mapped out the Lisbon Strategy, vowing to turn itself into the world's most competitive and dynamic economy by 2010.

However, the EU has been lagging far behind this objective, andsome EP members even urged the EU to forget all about the objective.

In his speech, Barroso was very cautious on the issue and avoided making such promises.

The EC also adopted a work program for 2005 which includes a first series of concrete initiatives to turn the Strategic Objectives into action.

The initiatives include: creating a business friendly environment, being committed to investing 3 percent of GDP in research, raising significantly investment in higher education, attracting more people into the labor market, and encouraging job creation.

Philippine house approves"comfort women" plea for compensation  
ASEAN tourism ministers pledge to strengthen cooperation  
Greek government promises to instill transparency in cotton sector  
UN predicts world economy to grow 3.25 percent in 2005  
Greek gas station owners welcome government's freeze on new outlets  
Google to offer video search, competing with Yahoo  
Toyota maintains lead in Indonesian market  
US mobile phone companies begin offering TV broadcasts  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reportsŁ¬or find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright© 2004 SINA.com. All Rights Reserved