SlideShare a Scribd company logo
European
Union
The European Union
International Economic Environment
European
Union
Introduction
• The world GDP or output has grown as of 5.1% a year
• US economy has kow a slow down especially with the
falling residential construction fiel having difficult and
the big debt burden over the households
• Europe as known a moderate growth of 2.9% in 2006
• It is the highest growth that europe has known since
2000
• Europe is expected to grow at 2.2% in 2007 and 2.5%
in 2008
• Recovery is driven by the domestic demand
European
Union
General facts
• Wages have improved and there are better labour
market conditions
• There is a significant growh in the private investment
• Unemployment in Europe is around 7.9%
• There is no major inflatio pressure despite rizing oil
price
• Inflate rate is around 2.2% in 2007
• Fiscal deficit decrease by 0.3% in 2006
• An expected decrease of 0.4% i forecatsed for the year
2007 which will place the deficit at 1.6% of GDP
• Increase tax revenues an decreased social spendings
European
Union
General facts (continued)
• Europe hopes to increase its R&D speding to 3% of its
GDP
• However the level reached now is 1.9%
• Education is a major strength to the European countries
• However the sepndings in educaion are stagnating
since 1999
• The euro has appreciated against the dollar of 10%
European
Union
New entrants
• In 2007 there are 12 new members to the European
Union
• 10 members have joined in May 2004 and 2 have joined
in January 2006
• Performance indicators proove that there is an
improved well been in these economies ‘increased
investment, construction, exporting…)
• However the labour market has not improved
• Only Slovenia is member of the euro zone
• These countries have encoutered inflation problems
European
Union
New entrants (continued)
• Hongary fiscal deficit is of 10% of GDP in 2004
• Poland and Baltic states suffer from fiscal deficits
• FDI is namely coming for western europe
• Another problem is the current account liability
European
Union
The two new member states
• Bulgaria and Romania are the poorest EU members
• The have the lowest living standards which equal to
60% of the EU GDP
• These two countries acknowledge a very high
unemployement and low employement rates
European
Union
Scandinivian Model
• High growth
• High employment
• Macroeconomic stability
• High social protection
• Outputgrowth has been better in Finland and in Sweden
than in big EU members
• However not in Danemark
European
Union
How does the Scandinavian Model works
• A lot of investment in ICT has been made
• Well educated work force which consumes the ICT
produced
• High R&D spending
• High productivity growth has lead to decreased prices
• Employment rates are among the highest in the OECD
countries
• Successful growth in employement
European
Union
Is he growth due to the good protection system?
• Scandinavia is :
– Low employment protection
– High flexibility
– Generous unemployement benefits
– High social benefits
• Are these the roots of success?
– The Anglosaxon model is been introduced to the
Scandinavian economies little by little
European
Union
Nationalist Economies
• European economies are subsidising their national
production
– They protect their national champions
– They alleviate their national losers
– They block cross mergers
– They dress barriers to trade

More Related Content

What's hot

Greece crisis explained
Greece crisis explainedGreece crisis explained
Greece crisis explained
Gunjan Kumar
 
The crisis in iceland
The crisis in icelandThe crisis in iceland
The crisis in icelandzuriv
 
Presentation by Governor Ardo Hansson at the conference Äriplaan 2014
Presentation by Governor Ardo Hansson at the conference Äriplaan 2014Presentation by Governor Ardo Hansson at the conference Äriplaan 2014
Presentation by Governor Ardo Hansson at the conference Äriplaan 2014Eesti Pank
 
2008-10 Irish Crisis_Managerial Economics
2008-10 Irish Crisis_Managerial Economics2008-10 Irish Crisis_Managerial Economics
2008-10 Irish Crisis_Managerial EconomicsPrathik Shetty
 
Portugal economic-survey-main-findings
Portugal economic-survey-main-findingsPortugal economic-survey-main-findings
Portugal economic-survey-main-findings
OECD, Economics Department
 
Greek Government debt crisis
Greek Government debt crisisGreek Government debt crisis
Greek Government debt crisis
Pankti Thakar
 
Iceland-2015-stability-and-productivity-reykjavik-1-september
Iceland-2015-stability-and-productivity-reykjavik-1-septemberIceland-2015-stability-and-productivity-reykjavik-1-september
Iceland-2015-stability-and-productivity-reykjavik-1-september
OECD, Economics Department
 
Topic 5
Topic 5Topic 5
Income and Income Inequality - Canada - 2015
Income and Income Inequality - Canada - 2015Income and Income Inequality - Canada - 2015
Income and Income Inequality - Canada - 2015
paul young cpa, cga
 
The future of local government, Rob Whiteman, LGC Summit 2013
The future of local government, Rob Whiteman, LGC Summit 2013The future of local government, Rob Whiteman, LGC Summit 2013
The future of local government, Rob Whiteman, LGC Summit 2013
CIPFA - The Chartered Institute of Public Finance & Accountancy
 
Austria-2015-gender-balance-for-growth-vienna-9-july
Austria-2015-gender-balance-for-growth-vienna-9-julyAustria-2015-gender-balance-for-growth-vienna-9-july
Austria-2015-gender-balance-for-growth-vienna-9-julyOECD, Economics Department
 
Governor Rehn: A high bar for economic policymaking – demographics and publi...
Governor Rehn: A high bar for economic policymaking  – demographics and publi...Governor Rehn: A high bar for economic policymaking  – demographics and publi...
Governor Rehn: A high bar for economic policymaking – demographics and publi...
Suomen Pankki
 
Eurozone crisis
Eurozone crisisEurozone crisis
Eurozone crisis
Mihir Shah
 
Government policy for Middle class for Canada - june 28, 2016
Government policy for Middle class for Canada - june 28, 2016Government policy for Middle class for Canada - june 28, 2016
Government policy for Middle class for Canada - june 28, 2016
paul young cpa, cga
 
During The Downturn
During The DownturnDuring The Downturn
During The DownturnNATURE 4EVER
 
Fiscal sustainability and healthcare
Fiscal sustainability and healthcareFiscal sustainability and healthcare
Fiscal sustainability and healthcare
OECDtax
 
Intergovernmental relations and the covid-19 crisis: early lessons
Intergovernmental relations and the covid-19 crisis: early lessonsIntergovernmental relations and the covid-19 crisis: early lessons
Intergovernmental relations and the covid-19 crisis: early lessons
OECDtax
 
Item via-annual-meeting-of-the-network-on-fiscal-relations-across-levels-of-g...
Item via-annual-meeting-of-the-network-on-fiscal-relations-across-levels-of-g...Item via-annual-meeting-of-the-network-on-fiscal-relations-across-levels-of-g...
Item via-annual-meeting-of-the-network-on-fiscal-relations-across-levels-of-g...
OECDtax
 
Business Envirment of England
Business Envirment of EnglandBusiness Envirment of England
Business Envirment of England
Sheikh Shahnawaz
 

What's hot (20)

Greece crisis explained
Greece crisis explainedGreece crisis explained
Greece crisis explained
 
The crisis in iceland
The crisis in icelandThe crisis in iceland
The crisis in iceland
 
Presentation by Governor Ardo Hansson at the conference Äriplaan 2014
Presentation by Governor Ardo Hansson at the conference Äriplaan 2014Presentation by Governor Ardo Hansson at the conference Äriplaan 2014
Presentation by Governor Ardo Hansson at the conference Äriplaan 2014
 
2008-10 Irish Crisis_Managerial Economics
2008-10 Irish Crisis_Managerial Economics2008-10 Irish Crisis_Managerial Economics
2008-10 Irish Crisis_Managerial Economics
 
Portugal economic-survey-main-findings
Portugal economic-survey-main-findingsPortugal economic-survey-main-findings
Portugal economic-survey-main-findings
 
Greek Government debt crisis
Greek Government debt crisisGreek Government debt crisis
Greek Government debt crisis
 
Script commodity noon session(3)
Script commodity noon session(3)Script commodity noon session(3)
Script commodity noon session(3)
 
Iceland-2015-stability-and-productivity-reykjavik-1-september
Iceland-2015-stability-and-productivity-reykjavik-1-septemberIceland-2015-stability-and-productivity-reykjavik-1-september
Iceland-2015-stability-and-productivity-reykjavik-1-september
 
Topic 5
Topic 5Topic 5
Topic 5
 
Income and Income Inequality - Canada - 2015
Income and Income Inequality - Canada - 2015Income and Income Inequality - Canada - 2015
Income and Income Inequality - Canada - 2015
 
The future of local government, Rob Whiteman, LGC Summit 2013
The future of local government, Rob Whiteman, LGC Summit 2013The future of local government, Rob Whiteman, LGC Summit 2013
The future of local government, Rob Whiteman, LGC Summit 2013
 
Austria-2015-gender-balance-for-growth-vienna-9-july
Austria-2015-gender-balance-for-growth-vienna-9-julyAustria-2015-gender-balance-for-growth-vienna-9-july
Austria-2015-gender-balance-for-growth-vienna-9-july
 
Governor Rehn: A high bar for economic policymaking – demographics and publi...
Governor Rehn: A high bar for economic policymaking  – demographics and publi...Governor Rehn: A high bar for economic policymaking  – demographics and publi...
Governor Rehn: A high bar for economic policymaking – demographics and publi...
 
Eurozone crisis
Eurozone crisisEurozone crisis
Eurozone crisis
 
Government policy for Middle class for Canada - june 28, 2016
Government policy for Middle class for Canada - june 28, 2016Government policy for Middle class for Canada - june 28, 2016
Government policy for Middle class for Canada - june 28, 2016
 
During The Downturn
During The DownturnDuring The Downturn
During The Downturn
 
Fiscal sustainability and healthcare
Fiscal sustainability and healthcareFiscal sustainability and healthcare
Fiscal sustainability and healthcare
 
Intergovernmental relations and the covid-19 crisis: early lessons
Intergovernmental relations and the covid-19 crisis: early lessonsIntergovernmental relations and the covid-19 crisis: early lessons
Intergovernmental relations and the covid-19 crisis: early lessons
 
Item via-annual-meeting-of-the-network-on-fiscal-relations-across-levels-of-g...
Item via-annual-meeting-of-the-network-on-fiscal-relations-across-levels-of-g...Item via-annual-meeting-of-the-network-on-fiscal-relations-across-levels-of-g...
Item via-annual-meeting-of-the-network-on-fiscal-relations-across-levels-of-g...
 
Business Envirment of England
Business Envirment of EnglandBusiness Envirment of England
Business Envirment of England
 

Viewers also liked

Harvard ManageMentor HMM GOAL SETTING
Harvard ManageMentor HMM GOAL SETTINGHarvard ManageMentor HMM GOAL SETTING
Harvard ManageMentor HMM GOAL SETTINGMohamed Sabra
 
brick and purple logo no bkg
brick and purple logo no bkgbrick and purple logo no bkg
brick and purple logo no bkgSusie Bowman
 
TPD II - 2016 1st class - Canellas
TPD II - 2016 1st class - CanellasTPD II - 2016 1st class - Canellas
TPD II - 2016 1st class - Canellas
MCanellas
 
TPD II 2016 - 4th class - Canellas
TPD II 2016 - 4th class - CanellasTPD II 2016 - 4th class - Canellas
TPD II 2016 - 4th class - Canellas
MCanellas
 
Curso de inglés bbc english 55
Curso de inglés bbc english 55Curso de inglés bbc english 55
Curso de inglés bbc english 55
Leonel LadinoSolito
 
Recommendation DOF.PDF
Recommendation DOF.PDFRecommendation DOF.PDF
Recommendation DOF.PDFAdam Billings
 
5. Lean Practitioner Programme Certificate
5. Lean Practitioner Programme Certificate5. Lean Practitioner Programme Certificate
5. Lean Practitioner Programme CertificateWynand Killian
 
El papel de la instrucción gramatical
El papel de la instrucción gramaticalEl papel de la instrucción gramatical
El papel de la instrucción gramaticalMayra Sanchez
 
2014 06 plan-de-exito-do (1)
2014 06 plan-de-exito-do (1)2014 06 plan-de-exito-do (1)
2014 06 plan-de-exito-do (1)
Eliezer Disent
 
Reference Letter – MCE
Reference Letter – MCEReference Letter – MCE
Reference Letter – MCEBen Jeddou
 
Tecnologia Celular
Tecnologia Celular Tecnologia Celular
Tecnologia Celular
Nicolle Altez Naupari
 
La Economía del Salitre 1880 - 1830
La Economía del Salitre 1880 - 1830La Economía del Salitre 1880 - 1830
La Economía del Salitre 1880 - 1830
Liceo Eduardo de la Barra
 
Planning Colegio Salete Rafael Menoya
Planning Colegio Salete   Rafael MenoyaPlanning Colegio Salete   Rafael Menoya
Planning Colegio Salete Rafael MenoyaRafael Menoya
 
Presentazione progetto
Presentazione progettoPresentazione progetto
Presentazione progetto
ensembleeuropeoerasmus
 

Viewers also liked (20)

Harvard ManageMentor HMM GOAL SETTING
Harvard ManageMentor HMM GOAL SETTINGHarvard ManageMentor HMM GOAL SETTING
Harvard ManageMentor HMM GOAL SETTING
 
LOR Frisinger New Times
LOR Frisinger New TimesLOR Frisinger New Times
LOR Frisinger New Times
 
Env Tech Diploma
Env Tech DiplomaEnv Tech Diploma
Env Tech Diploma
 
brick and purple logo no bkg
brick and purple logo no bkgbrick and purple logo no bkg
brick and purple logo no bkg
 
TPD II - 2016 1st class - Canellas
TPD II - 2016 1st class - CanellasTPD II - 2016 1st class - Canellas
TPD II - 2016 1st class - Canellas
 
TPD II 2016 - 4th class - Canellas
TPD II 2016 - 4th class - CanellasTPD II 2016 - 4th class - Canellas
TPD II 2016 - 4th class - Canellas
 
SeaAir-1_EN
SeaAir-1_ENSeaAir-1_EN
SeaAir-1_EN
 
kerikeri certificate 2
kerikeri certificate 2kerikeri certificate 2
kerikeri certificate 2
 
Curso de inglés bbc english 55
Curso de inglés bbc english 55Curso de inglés bbc english 55
Curso de inglés bbc english 55
 
Recommendation DOF.PDF
Recommendation DOF.PDFRecommendation DOF.PDF
Recommendation DOF.PDF
 
5. Lean Practitioner Programme Certificate
5. Lean Practitioner Programme Certificate5. Lean Practitioner Programme Certificate
5. Lean Practitioner Programme Certificate
 
El papel de la instrucción gramatical
El papel de la instrucción gramaticalEl papel de la instrucción gramatical
El papel de la instrucción gramatical
 
2014 06 plan-de-exito-do (1)
2014 06 plan-de-exito-do (1)2014 06 plan-de-exito-do (1)
2014 06 plan-de-exito-do (1)
 
1
11
1
 
Reference Letter – MCE
Reference Letter – MCEReference Letter – MCE
Reference Letter – MCE
 
Tecnologia Celular
Tecnologia Celular Tecnologia Celular
Tecnologia Celular
 
La Economía del Salitre 1880 - 1830
La Economía del Salitre 1880 - 1830La Economía del Salitre 1880 - 1830
La Economía del Salitre 1880 - 1830
 
Planning Colegio Salete Rafael Menoya
Planning Colegio Salete   Rafael MenoyaPlanning Colegio Salete   Rafael Menoya
Planning Colegio Salete Rafael Menoya
 
Presentazione progetto
Presentazione progettoPresentazione progetto
Presentazione progetto
 
F 3476
F 3476F 3476
F 3476
 

Similar to Euiee5

Spain economic recovery
Spain economic recoverySpain economic recovery
Spain economic recovery
José Moisés Martín Carretero
 
Jatin parmar euro zone crisis
Jatin parmar euro zone crisisJatin parmar euro zone crisis
Jatin parmar euro zone crisispiyoosh_09
 
Swedbank Economic Outlook, 2010, April 22
Swedbank Economic Outlook, 2010, April 22Swedbank Economic Outlook, 2010, April 22
Swedbank Economic Outlook, 2010, April 22
Swedbank
 
USA Crisis & Euro Crisis
USA Crisis & Euro CrisisUSA Crisis & Euro Crisis
USA Crisis & Euro Crisis
Shubham Bhatia
 
Threats to UK Economic Recovery
Threats to UK Economic RecoveryThreats to UK Economic Recovery
Threats to UK Economic Recovery
tutor2u
 
Euro zone crisis
Euro zone crisisEuro zone crisis
ASIA CONNECT Center-HSG: A performance review of European institutional frame...
ASIA CONNECT Center-HSG: A performance review of European institutional frame...ASIA CONNECT Center-HSG: A performance review of European institutional frame...
ASIA CONNECT Center-HSG: A performance review of European institutional frame...
Asia Connect Center
 
Eurozone crisis
Eurozone crisis Eurozone crisis
Macro2014: What can Moldova learn from EU joiners?
Macro2014: What can Moldova learn from EU joiners?Macro2014: What can Moldova learn from EU joiners?
Macro2014: What can Moldova learn from EU joiners?
Dave Dalton
 
European Union and Euro Zone
European Union and Euro ZoneEuropean Union and Euro Zone
European Union and Euro Zone
Saurabh Maloo
 
euro crisis
euro crisiseuro crisis
euro crisis
Sandeep Vishwakarma
 
euro crisis
euro crisiseuro crisis
euro crisis
Sandeep Vishwakarma
 
European sovereign debt crisis
European sovereign debt crisisEuropean sovereign debt crisis
European sovereign debt crisis
Pinkesh Jain
 
Global Recession Of 2007
Global Recession Of 2007Global Recession Of 2007
Global Recession Of 2007
Dhruv Khurana
 
Swedbank Economic Outlook 29 September 2009
Swedbank Economic Outlook 29 September 2009Swedbank Economic Outlook 29 September 2009
Swedbank Economic Outlook 29 September 2009
Swedbank
 
Introduction iee1
Introduction iee1Introduction iee1
OCR F585 June 2015
OCR F585 June 2015OCR F585 June 2015
OCR F585 June 2015
tutor2u
 
Euro Sovereign Debt Crisis
Euro Sovereign Debt CrisisEuro Sovereign Debt Crisis
Euro Sovereign Debt Crisis
Shikher Kaushik
 
Greek economy default
Greek economy defaultGreek economy default
Greek economy default
Greenwich Council
 
Revision on European Monetary Union
Revision on European Monetary UnionRevision on European Monetary Union
Revision on European Monetary Union
tutor2u
 

Similar to Euiee5 (20)

Spain economic recovery
Spain economic recoverySpain economic recovery
Spain economic recovery
 
Jatin parmar euro zone crisis
Jatin parmar euro zone crisisJatin parmar euro zone crisis
Jatin parmar euro zone crisis
 
Swedbank Economic Outlook, 2010, April 22
Swedbank Economic Outlook, 2010, April 22Swedbank Economic Outlook, 2010, April 22
Swedbank Economic Outlook, 2010, April 22
 
USA Crisis & Euro Crisis
USA Crisis & Euro CrisisUSA Crisis & Euro Crisis
USA Crisis & Euro Crisis
 
Threats to UK Economic Recovery
Threats to UK Economic RecoveryThreats to UK Economic Recovery
Threats to UK Economic Recovery
 
Euro zone crisis
Euro zone crisisEuro zone crisis
Euro zone crisis
 
ASIA CONNECT Center-HSG: A performance review of European institutional frame...
ASIA CONNECT Center-HSG: A performance review of European institutional frame...ASIA CONNECT Center-HSG: A performance review of European institutional frame...
ASIA CONNECT Center-HSG: A performance review of European institutional frame...
 
Eurozone crisis
Eurozone crisis Eurozone crisis
Eurozone crisis
 
Macro2014: What can Moldova learn from EU joiners?
Macro2014: What can Moldova learn from EU joiners?Macro2014: What can Moldova learn from EU joiners?
Macro2014: What can Moldova learn from EU joiners?
 
European Union and Euro Zone
European Union and Euro ZoneEuropean Union and Euro Zone
European Union and Euro Zone
 
euro crisis
euro crisiseuro crisis
euro crisis
 
euro crisis
euro crisiseuro crisis
euro crisis
 
European sovereign debt crisis
European sovereign debt crisisEuropean sovereign debt crisis
European sovereign debt crisis
 
Global Recession Of 2007
Global Recession Of 2007Global Recession Of 2007
Global Recession Of 2007
 
Swedbank Economic Outlook 29 September 2009
Swedbank Economic Outlook 29 September 2009Swedbank Economic Outlook 29 September 2009
Swedbank Economic Outlook 29 September 2009
 
Introduction iee1
Introduction iee1Introduction iee1
Introduction iee1
 
OCR F585 June 2015
OCR F585 June 2015OCR F585 June 2015
OCR F585 June 2015
 
Euro Sovereign Debt Crisis
Euro Sovereign Debt CrisisEuro Sovereign Debt Crisis
Euro Sovereign Debt Crisis
 
Greek economy default
Greek economy defaultGreek economy default
Greek economy default
 
Revision on European Monetary Union
Revision on European Monetary UnionRevision on European Monetary Union
Revision on European Monetary Union
 

More from sanaa (santa ) tazi saoud (nicee merry)

Les femmes
Les femmesLes femmes
Le maroc
Le marocLe maroc
L'argent
L'argentL'argent
La guerre
La guerreLa guerre
Essais philosophique
Essais philosophiqueEssais philosophique
Echange
EchangeEchange
Des histoires2
Des histoires2Des histoires2
Des femmes et des hommes
Des femmes et des hommesDes femmes et des hommes
Des femmes et des hommes
sanaa (santa ) tazi saoud (nicee merry)
 
Des blagues
Des blaguesDes blagues
Chansons
ChansonsChansons
Amour
AmourAmour
Abc
AbcAbc
Nouvelles et contes de fées
Nouvelles et contes de féesNouvelles et contes de fées
Nouvelles et contes de fées
sanaa (santa ) tazi saoud (nicee merry)
 
Mes rêves
Mes rêvesMes rêves
Les voyages de nadir
Les voyages de nadirLes voyages de nadir
Le prince de quelque part
Le prince de quelque partLe prince de quelque part
Le prince de quelque part
sanaa (santa ) tazi saoud (nicee merry)
 
Tisanes
TisanesTisanes
Strategie
StrategieStrategie
Marketing direct
Marketing directMarketing direct

More from sanaa (santa ) tazi saoud (nicee merry) (20)

Les femmes
Les femmesLes femmes
Les femmes
 
Le maroc
Le marocLe maroc
Le maroc
 
L'argent
L'argentL'argent
L'argent
 
La guerre
La guerreLa guerre
La guerre
 
Essais philosophique
Essais philosophiqueEssais philosophique
Essais philosophique
 
Echange
EchangeEchange
Echange
 
Des histoires2
Des histoires2Des histoires2
Des histoires2
 
Des femmes et des hommes
Des femmes et des hommesDes femmes et des hommes
Des femmes et des hommes
 
Des blagues
Des blaguesDes blagues
Des blagues
 
Chansons
ChansonsChansons
Chansons
 
Amour
AmourAmour
Amour
 
Abc
AbcAbc
Abc
 
Nouvelles et contes de fées
Nouvelles et contes de féesNouvelles et contes de fées
Nouvelles et contes de fées
 
Mes rêves
Mes rêvesMes rêves
Mes rêves
 
Les voyages de nadir
Les voyages de nadirLes voyages de nadir
Les voyages de nadir
 
Le prince de quelque part
Le prince de quelque partLe prince de quelque part
Le prince de quelque part
 
Les auteurs
Les auteursLes auteurs
Les auteurs
 
Tisanes
TisanesTisanes
Tisanes
 
Strategie
StrategieStrategie
Strategie
 
Marketing direct
Marketing directMarketing direct
Marketing direct
 

Recently uploaded

Environmental Science Book By Dr. Y.K. Singh
Environmental Science Book By Dr. Y.K. SinghEnvironmental Science Book By Dr. Y.K. Singh
Environmental Science Book By Dr. Y.K. Singh
AhmadKhan917612
 
Celebrating World-environment-day-2024.pdf
Celebrating  World-environment-day-2024.pdfCelebrating  World-environment-day-2024.pdf
Celebrating World-environment-day-2024.pdf
rohankumarsinghrore1
 
International+e-Commerce+Platform-www.cfye-commerce.shop
International+e-Commerce+Platform-www.cfye-commerce.shopInternational+e-Commerce+Platform-www.cfye-commerce.shop
International+e-Commerce+Platform-www.cfye-commerce.shop
laozhuseo02
 
Bhopal Gas Leak Tragedy - A Night of death
Bhopal Gas Leak Tragedy - A Night of deathBhopal Gas Leak Tragedy - A Night of death
Bhopal Gas Leak Tragedy - A Night of death
upasana742003
 
ppt on beauty of the nature by Palak.pptx
ppt on  beauty of the nature by Palak.pptxppt on  beauty of the nature by Palak.pptx
ppt on beauty of the nature by Palak.pptx
RaniJaiswal16
 
UNDERSTANDING WHAT GREEN WASHING IS!.pdf
UNDERSTANDING WHAT GREEN WASHING IS!.pdfUNDERSTANDING WHAT GREEN WASHING IS!.pdf
UNDERSTANDING WHAT GREEN WASHING IS!.pdf
JulietMogola
 
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Ventures
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business VenturesWillie Nelson Net Worth: A Journey Through Music, Movies, and Business Ventures
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Ventures
greendigital
 
growbilliontrees.com-Trees for Granddaughter (1).pdf
growbilliontrees.com-Trees for Granddaughter (1).pdfgrowbilliontrees.com-Trees for Granddaughter (1).pdf
growbilliontrees.com-Trees for Granddaughter (1).pdf
yadavakashagra
 
Micro RNA genes and their likely influence in rice (Oryza sativa L.) dynamic ...
Micro RNA genes and their likely influence in rice (Oryza sativa L.) dynamic ...Micro RNA genes and their likely influence in rice (Oryza sativa L.) dynamic ...
Micro RNA genes and their likely influence in rice (Oryza sativa L.) dynamic ...
Open Access Research Paper
 
Artificial Reefs by Kuddle Life Foundation - May 2024
Artificial Reefs by Kuddle Life Foundation - May 2024Artificial Reefs by Kuddle Life Foundation - May 2024
Artificial Reefs by Kuddle Life Foundation - May 2024
punit537210
 
Daan Park Hydrangea flower season I like it
Daan Park Hydrangea flower season I like itDaan Park Hydrangea flower season I like it
Daan Park Hydrangea flower season I like it
a0966109726
 
Navigating the complex landscape of AI governance
Navigating the complex landscape of AI governanceNavigating the complex landscape of AI governance
Navigating the complex landscape of AI governance
Piermenotti Mauro
 
DRAFT NRW Recreation Strategy - People and Nature thriving together
DRAFT NRW Recreation Strategy - People and Nature thriving togetherDRAFT NRW Recreation Strategy - People and Nature thriving together
DRAFT NRW Recreation Strategy - People and Nature thriving together
Robin Grant
 
Presentación Giulio Quaggiotto-Diálogo improbable .pptx.pdf
Presentación Giulio Quaggiotto-Diálogo improbable .pptx.pdfPresentación Giulio Quaggiotto-Diálogo improbable .pptx.pdf
Presentación Giulio Quaggiotto-Diálogo improbable .pptx.pdf
Innovation and Technology for Development Centre
 
Characterization and the Kinetics of drying at the drying oven and with micro...
Characterization and the Kinetics of drying at the drying oven and with micro...Characterization and the Kinetics of drying at the drying oven and with micro...
Characterization and the Kinetics of drying at the drying oven and with micro...
Open Access Research Paper
 
IPCC Vice Chair Ladislaus Change Central Asia Climate Change Conference 27 Ma...
IPCC Vice Chair Ladislaus Change Central Asia Climate Change Conference 27 Ma...IPCC Vice Chair Ladislaus Change Central Asia Climate Change Conference 27 Ma...
IPCC Vice Chair Ladislaus Change Central Asia Climate Change Conference 27 Ma...
ipcc-media
 
AGRICULTURE Hydrophonic FERTILISER PPT.pptx
AGRICULTURE Hydrophonic FERTILISER PPT.pptxAGRICULTURE Hydrophonic FERTILISER PPT.pptx
AGRICULTURE Hydrophonic FERTILISER PPT.pptx
BanitaDsouza
 
Natural farming @ Dr. Siddhartha S. Jena.pptx
Natural farming @ Dr. Siddhartha S. Jena.pptxNatural farming @ Dr. Siddhartha S. Jena.pptx
Natural farming @ Dr. Siddhartha S. Jena.pptx
sidjena70
 
Summary of the Climate and Energy Policy of Australia
Summary of the Climate and Energy Policy of AustraliaSummary of the Climate and Energy Policy of Australia
Summary of the Climate and Energy Policy of Australia
yasmindemoraes1
 
Prevalence, biochemical and hematological study of diabetic patients
Prevalence, biochemical and hematological study of diabetic patientsPrevalence, biochemical and hematological study of diabetic patients
Prevalence, biochemical and hematological study of diabetic patients
Open Access Research Paper
 

Recently uploaded (20)

Environmental Science Book By Dr. Y.K. Singh
Environmental Science Book By Dr. Y.K. SinghEnvironmental Science Book By Dr. Y.K. Singh
Environmental Science Book By Dr. Y.K. Singh
 
Celebrating World-environment-day-2024.pdf
Celebrating  World-environment-day-2024.pdfCelebrating  World-environment-day-2024.pdf
Celebrating World-environment-day-2024.pdf
 
International+e-Commerce+Platform-www.cfye-commerce.shop
International+e-Commerce+Platform-www.cfye-commerce.shopInternational+e-Commerce+Platform-www.cfye-commerce.shop
International+e-Commerce+Platform-www.cfye-commerce.shop
 
Bhopal Gas Leak Tragedy - A Night of death
Bhopal Gas Leak Tragedy - A Night of deathBhopal Gas Leak Tragedy - A Night of death
Bhopal Gas Leak Tragedy - A Night of death
 
ppt on beauty of the nature by Palak.pptx
ppt on  beauty of the nature by Palak.pptxppt on  beauty of the nature by Palak.pptx
ppt on beauty of the nature by Palak.pptx
 
UNDERSTANDING WHAT GREEN WASHING IS!.pdf
UNDERSTANDING WHAT GREEN WASHING IS!.pdfUNDERSTANDING WHAT GREEN WASHING IS!.pdf
UNDERSTANDING WHAT GREEN WASHING IS!.pdf
 
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Ventures
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business VenturesWillie Nelson Net Worth: A Journey Through Music, Movies, and Business Ventures
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Ventures
 
growbilliontrees.com-Trees for Granddaughter (1).pdf
growbilliontrees.com-Trees for Granddaughter (1).pdfgrowbilliontrees.com-Trees for Granddaughter (1).pdf
growbilliontrees.com-Trees for Granddaughter (1).pdf
 
Micro RNA genes and their likely influence in rice (Oryza sativa L.) dynamic ...
Micro RNA genes and their likely influence in rice (Oryza sativa L.) dynamic ...Micro RNA genes and their likely influence in rice (Oryza sativa L.) dynamic ...
Micro RNA genes and their likely influence in rice (Oryza sativa L.) dynamic ...
 
Artificial Reefs by Kuddle Life Foundation - May 2024
Artificial Reefs by Kuddle Life Foundation - May 2024Artificial Reefs by Kuddle Life Foundation - May 2024
Artificial Reefs by Kuddle Life Foundation - May 2024
 
Daan Park Hydrangea flower season I like it
Daan Park Hydrangea flower season I like itDaan Park Hydrangea flower season I like it
Daan Park Hydrangea flower season I like it
 
Navigating the complex landscape of AI governance
Navigating the complex landscape of AI governanceNavigating the complex landscape of AI governance
Navigating the complex landscape of AI governance
 
DRAFT NRW Recreation Strategy - People and Nature thriving together
DRAFT NRW Recreation Strategy - People and Nature thriving togetherDRAFT NRW Recreation Strategy - People and Nature thriving together
DRAFT NRW Recreation Strategy - People and Nature thriving together
 
Presentación Giulio Quaggiotto-Diálogo improbable .pptx.pdf
Presentación Giulio Quaggiotto-Diálogo improbable .pptx.pdfPresentación Giulio Quaggiotto-Diálogo improbable .pptx.pdf
Presentación Giulio Quaggiotto-Diálogo improbable .pptx.pdf
 
Characterization and the Kinetics of drying at the drying oven and with micro...
Characterization and the Kinetics of drying at the drying oven and with micro...Characterization and the Kinetics of drying at the drying oven and with micro...
Characterization and the Kinetics of drying at the drying oven and with micro...
 
IPCC Vice Chair Ladislaus Change Central Asia Climate Change Conference 27 Ma...
IPCC Vice Chair Ladislaus Change Central Asia Climate Change Conference 27 Ma...IPCC Vice Chair Ladislaus Change Central Asia Climate Change Conference 27 Ma...
IPCC Vice Chair Ladislaus Change Central Asia Climate Change Conference 27 Ma...
 
AGRICULTURE Hydrophonic FERTILISER PPT.pptx
AGRICULTURE Hydrophonic FERTILISER PPT.pptxAGRICULTURE Hydrophonic FERTILISER PPT.pptx
AGRICULTURE Hydrophonic FERTILISER PPT.pptx
 
Natural farming @ Dr. Siddhartha S. Jena.pptx
Natural farming @ Dr. Siddhartha S. Jena.pptxNatural farming @ Dr. Siddhartha S. Jena.pptx
Natural farming @ Dr. Siddhartha S. Jena.pptx
 
Summary of the Climate and Energy Policy of Australia
Summary of the Climate and Energy Policy of AustraliaSummary of the Climate and Energy Policy of Australia
Summary of the Climate and Energy Policy of Australia
 
Prevalence, biochemical and hematological study of diabetic patients
Prevalence, biochemical and hematological study of diabetic patientsPrevalence, biochemical and hematological study of diabetic patients
Prevalence, biochemical and hematological study of diabetic patients
 

Euiee5

  • 2. European Union Introduction • The world GDP or output has grown as of 5.1% a year • US economy has kow a slow down especially with the falling residential construction fiel having difficult and the big debt burden over the households • Europe as known a moderate growth of 2.9% in 2006 • It is the highest growth that europe has known since 2000 • Europe is expected to grow at 2.2% in 2007 and 2.5% in 2008 • Recovery is driven by the domestic demand
  • 3. European Union General facts • Wages have improved and there are better labour market conditions • There is a significant growh in the private investment • Unemployment in Europe is around 7.9% • There is no major inflatio pressure despite rizing oil price • Inflate rate is around 2.2% in 2007 • Fiscal deficit decrease by 0.3% in 2006 • An expected decrease of 0.4% i forecatsed for the year 2007 which will place the deficit at 1.6% of GDP • Increase tax revenues an decreased social spendings
  • 4. European Union General facts (continued) • Europe hopes to increase its R&D speding to 3% of its GDP • However the level reached now is 1.9% • Education is a major strength to the European countries • However the sepndings in educaion are stagnating since 1999 • The euro has appreciated against the dollar of 10%
  • 5. European Union New entrants • In 2007 there are 12 new members to the European Union • 10 members have joined in May 2004 and 2 have joined in January 2006 • Performance indicators proove that there is an improved well been in these economies ‘increased investment, construction, exporting…) • However the labour market has not improved • Only Slovenia is member of the euro zone • These countries have encoutered inflation problems
  • 6. European Union New entrants (continued) • Hongary fiscal deficit is of 10% of GDP in 2004 • Poland and Baltic states suffer from fiscal deficits • FDI is namely coming for western europe • Another problem is the current account liability
  • 7. European Union The two new member states • Bulgaria and Romania are the poorest EU members • The have the lowest living standards which equal to 60% of the EU GDP • These two countries acknowledge a very high unemployement and low employement rates
  • 8. European Union Scandinivian Model • High growth • High employment • Macroeconomic stability • High social protection • Outputgrowth has been better in Finland and in Sweden than in big EU members • However not in Danemark
  • 9. European Union How does the Scandinavian Model works • A lot of investment in ICT has been made • Well educated work force which consumes the ICT produced • High R&D spending • High productivity growth has lead to decreased prices • Employment rates are among the highest in the OECD countries • Successful growth in employement
  • 10. European Union Is he growth due to the good protection system? • Scandinavia is : – Low employment protection – High flexibility – Generous unemployement benefits – High social benefits • Are these the roots of success? – The Anglosaxon model is been introduced to the Scandinavian economies little by little
  • 11. European Union Nationalist Economies • European economies are subsidising their national production – They protect their national champions – They alleviate their national losers – They block cross mergers – They dress barriers to trade