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Economic challenges of globalisation

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XX ECONOMIC FORUM

Walter Radermacher, General Directo , Eurostat, Germany Bernard Wientjes, Chairman, Confederation of Netherlands Industry and Employers (VNO-NCW) Laszlo Kovacs,Vice-President of the Board, Gedeon Richte , Hungary

ach country goes through crisis in its own way and expects aid also from its neighboring countries. Arsenij Jaceniuk, Chairman of the “Front Zmin” party contributed to the debate about the current world crisis by making a referen- ce to his country’s situation. Crisis in Ukraine caused GDP to fall in 2009 by appro- ximately 15%. Ukraine is a huge country which needs free access to international markets where it can supply food. “It is easily predictable that the world is headed for another food crisis in the very near future and we may prove to be helpful in this respect,” declared the for- mer Chairman of the Ukrainian Parliament. Debating the current crisis, its repercussions and, rst of all, its consequences Walter Ra- dermacher, General Director of Eurostat, pointed out that Eurozone crisis was caused by providing false economic data, which undermined the trust European countries had in one another. In the name of responsibility for the state and for the entire EU organism we have to “prevent falsication of data and we have to show true gures.” He gave assurances that upon adopting Strategy E Christian Wiest, Executive Vice–President, Customers & Alliances, Schneider Electric, France

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