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London 21:06, 16 May 2012
   
Last updated at 8:18 (UK time) 13 Jan 2012

Economic Forum - Growth: Why and how?

The British Embassy and the British Graduates Society (BGS) held a successful Economic Forum on Thursday 10 November 2011at the British Ambassador's Residence. Three distinguished speakers joined British Ambassador Dr David Landsman and BGS President Mr Basil Zotos to debate growth as everyone agrees that the economics of Europe need to focus on growth, not least in order to emerge from an era of over-indebtedness. Our speakers and our guests discussed what do the countries of Europe and the EU need to do to find “the pot of gold” of growth, what will attract investors and what is the potential.

Our speakers were:
In his speech, the British Ambassador David Landsman emphasised the important role the EU must play, alongside Member States, in creating conditions for growth.  

«As Member States, including Britain and Greece, take steps to improve the business environment alongside efforts to reduce deficits, we must ensure that the EU works in the same direction. This includes re-examining regulation and ensuring that the EU only regulates when it is necessary and useful; especially ensuring that SMEs can function without excessive regulation; completing the Single Market, especially in services, by returning to the spirit which led to the creation of the Single Market in the late 1980s and 1990s; and strengthening trade between the EU and other countries and regions. The challenge to Europe from the growing economies of Asia is real, and we have to focus on improving our competitiveness. But Europe still has many advantages, and  by taking the right steps now we can ensure a strong future for Europe with the growth that we need.»

Ambassador Landsman also highlighted proposals made recently in Brussels by British Deputy Prime Minister Nick Clegg, including regular reviews of the EU’s performance on growth, to identify what works and what needs to be changed, and the possibility of the EU appointing a Growth Ombudsman to champion the growth creators of Europe and tackle obstacles to business.

Photos from the event
Economic Forum - "Growth: Why and how?"