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5/31/07

Businessweek/euobserver: Europe's Economic Choice: Hard or Soft? - by Honor Mahony

For the complete report from Businessweek/EU Observer click on this link

Europe's Economic Choice: Hard or Soft? - by Honor Mahony

EU policy based on competitiveness will result in higher environmental and social costs in the future, while a cohesion-oriented policy will have a softer territorial impact but fewer economic benefits, a new study shows.

The competitiveness policy mix foresees Brussels further pursuing liberalisation of public services, supporting regions with the strongest potential, promoting more immigration to boost the work force and re-targeting the EU's budget away from farmers and towards R&D. Under this scenario, protection of the environment would be dictated by market forces.

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