Economic situation

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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.

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What has the EU done for you in 2008?

The European Commission launched its annual multimedia yearbook presenting some of the European Union's most important achievements of 2008. The yearbook provides a collection of success stories where EU action has led to tangible results for citizens, with topics ranging from toy safety to mitigating the effects of the financial crisis.

Help small island states

Better appreciation and financing made available to small island states like Malta

Better and more transparent financials rules

The EU should provide guidance for a reform of financial and economic rules towards a more transparent citizen oriented marketplace in order to protect its citizens but also SMEs and local firms. The EU should put an end to the gambling and irresponsible speculations on the financial- and realestate market that threatened all of us.

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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