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Europe After The Lisbon Treaty. Strategies for the Future

owever, the Eurozone crisis is a great challenge for the en- tire European Union. From today’s perspective it is important to realise what its causes were. Accor- ding to Georga Milbradta, a CDU po- litician and a former Prime Minister of the government of Saxony, this crisis was caused by the fact that Eurozone member states did not comply with the adopted criteria. The Stability and Growth Pact focused too much on de- cit and too little on nancial liquidity. It was not the new EU member states which joined the EU in 2004 and 2007 that caused the biggest problems, even though they have the greatest needs to catch up with old member states, but the old member states themselves. One of Europe’s dilemmas is what’s most important for its future, i.e. what to in- vest in: in infrastructure development or in innovations. It is, to a certain extent, a dilemma connected with too-scarce resources. During the session devoted to new EU budget perspectives Francis Bailly, Vice President European Aairs of GE from Belgium, concluded that “now it’s time to a make a leap forward. A new generation of technology should be introduced. The conventional technologies create contem- H Philippe Castanet, President, EDF Poland

porary work places whereas we should think about work places for our children which only innovations can help us create.”

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Economic challenges of globalisation

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