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Thank you, Jerome!!! I've been wrestling with an article in my head for a few days, trying to dig around for stats on this...so I'm relieved you dove in before me!

My train of thought has been on what would be the best go to get people back to work, through the greater Europe. It is pretty clear to me, that people want to work, and when they are working, purchase "stuff", pay taxes, and generally feel better about themselves. Bingo: confidence...and improved economy, to boot.

FDR created a jobs creation program (WPA) during the depression, that got things moving again. Wouldn't EU governments investing in job creation be an idea to explore? There's a lot that could be done: wiring up the EU for broadband, rebuilding roads, developing new 21st century industry, etc. It would be a worthy investment: in the people, and in modernizing the economies of countries. What would be the problems with this idea?

"Once in awhile we get shown the light, in the strangest of places, if we look at it right" - Hunter/Garcia

by whataboutbob on Thu Jun 30th, 2005 at 07:13:21 AM EST
 I'd hope there wouldn't be a world war on immediately after to boost the economy like FDR had.

 The key is going to be innovation. Gods know it sounds corny, but I have empathy, having lived through one of the highest unemployment rates in postwar America - Rockford, Illinois in 1982 had an unemployment rate of 22.1 percent.

....because I would rather see us reduce the consumption of imported oil than have to send American boys to fight in the Persian Gulf. - John B. Anderson

by Anderson Republican on Thu Jun 30th, 2005 at 07:42:06 AM EST
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Yes! Innovation. In a number of ways...figuring out what can be done, by way of new technologies and energy systems (to name but a few), by innovative state-business relationships, by modernizing. Something for everyone. There will probably be complaints about monies being spent, but the investment in innovation AND in job creation would bring more money in, in the long run. The "Free Market" focus is too profit only bottom line, and there needs to be more consideration of the overall social good.

Here in Switzerland, kids are coming out of school and there's no jobs...that's not right, they are our future, we should invest in them.

"Once in awhile we get shown the light, in the strangest of places, if we look at it right" - Hunter/Garcia

by whataboutbob on Thu Jun 30th, 2005 at 08:32:54 AM EST
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I think innovation is a key, especially in alternative energies and environment friendly technologies. For I quite while now, I have been believing that this will be the new big business of the future.
by Fran on Thu Jun 30th, 2005 at 08:51:50 AM EST
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Yes, Europe has the lead in both wind technology, and carbon trading. These are things we need to talk about more. They are vital industries/activities, and Europe is the undisputed leader.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Jun 30th, 2005 at 09:22:27 AM EST
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Also, soon-to-be leader in photovoltaics, and leading developer of both wave and tidal energy.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Jul 1st, 2005 at 05:25:47 AM EST
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Europe is absolute world leader in wind power but surely not in photovoltaics. Looking at the production and companies involved it is firmly in hand of Japanese giants however, European companies are hot on heels of Japanese (Japanese hold about 50% market share, EU just about 25%, US about 10-15%).

US is doing fairly well technology wise investing to military and specialized applicationd but production rates and actual employment of photovoltaics is clearly being negleted in US.

by Nikita on Fri Jul 1st, 2005 at 05:50:36 AM EST
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Yep, in 2004, it was Japan 48%, EU 26%, USA 11%, rest 15% (according to solarbuzz). But, I said soon-to-be, a prediction mainly based on the German growth. I note that in module production, the EU is closer to Japan.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Jul 1st, 2005 at 06:24:11 AM EST
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Yes. I thought that this week's news, with  the twin decisions on ITER and Galileo, high tech long term pan-European projects, would be a welcome change in the incessant negative spin of recent weeks.

Energy and communications. These are the vital sectorws of the future, and it's good to see big European projects there. Big enough to change impressions.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Jun 30th, 2005 at 09:21:27 AM EST
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