Poverty

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Commission predicts deeper downturn in 2009

The European Commission has revised its economic forecast for 2009, predicting long-lasting recession in Europe. Meanwhile, amid deteriorating public finances and growing financing difficulties for national recovery plans, the Commission has also put the idea of issuing common EU bonds back on the agenda.

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EU leaders to push financial regulation at G20

EU leaders agreed on 22nd of February to back oversight of the world's financial markets and products, including hedge funds, calling for a clampdown on tax havens as they forged a common position on global financial reform ahead of a summit of the G20 group of leading industrial powers in April.

Bridge the gap between rich and poor

The growing gap between rich and poor people is and will remain one of the major challenges for the European Union in the coming years. The EU should urge Member States to impose higher taxes on above average incomes. High earners should have to give back more to the community!

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