CrisisWatch

Economy & development

Commission: return to past growth "model" will be illusory and harmful

In its March 5th review on the progress of the EU’s 2020 strategy for smart, sustainable and inclusive growth, the European Commission comes up with a series of extraordinary conclusions. At the diagnostic level, the Commission acknowledges for the first time the role of resource depletion and growing energy demand in aggravating the crisis:“A  first  critical  step  in  designing  a  post-crisis  growth  strategy  for  the  EU ...
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Portugal paves path for green economy?

In the process of tax policy reform, the Government of Portugal has appointed an inter-ministerial expert commission with the mandate of drafting a proposal for green taxation.  The commission, which is composed of ten experts will submit its proposals by the end of June, opening public discussion afterwards. The final document will be ready by September 2014. Its work will be based on the principle of “fiscal neutrality”, and will pursue th...
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EU austerity budget receives final approval

The final approval of the EU’s Multi-Annual Financial Framework (MFF) marks a social and environmental austerity for the period 2014-2020. According to WWF, through the new septennial Budget “most EU expenditure will continue current programmes with a negative environmental impact while environmental-friendly programmes such as LIFE or the Agri Environmental measures are seriously under resourced given their contributions to improving enviro...
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UK Government sacrifices green commitments on the altar of the crisis

According to Environment Secretary Owen Paterson, the UK’s famed policy of green belts that control urban sprawl will be questioned and revised, in response to the need for development. Secretary Paterson stated to the BBC’s Radio Four, in November, that: “[o]ur planning reforms are clear – that we want to see sustainable growth, but we are clear that we cannot freeze the country in aspic”....
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Barroso REFITs Europe for environmental deregulation?

The EU’s “REFIT-Fit for Growth” initiative, which was announced by the European Commission on October 2nd, raises serious environmental concerns. The Commission’s Communication cites the environment as a problematic policy area that needs to be subjected to “fitness checks”, whose aim “is to identify excessive administrative burdens, overlaps, gaps, inconsistencies and/or obsolete measures which may have appeared over time, and to h...
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Plan for a “living economy” in Greece

A vision and roadmap for the development of a living and sustainable economy in Greece was presented by WWF Greece on 9 October 2013 in Athens. This proposal, which was reviewed by the Athens office of the Boston Consulting Group, opens a vital dialogue that never occurred in Greece, about development and the socioeconomic future of the country....
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