Prospects for Economic Development of Europe and Bulgaria

Prospects for Economic Development of Europe and Bulgaria

What are the economic challenges facing Europe and its potential for growth – these topics were discussed by European politicians at the highest level, government ministers of Bulgaria, senior business managers, as well as financial and political analysts at the Fourth Summit of the EU-South Eastern Europe held on October 14-15 in Sofia.
Carl Bildt, former Prime Minister of Sweden, stressed the main question – will Sofia be able to cope with the challenges and situations to come? One of the major problems of Europe currently is the migration issue. At this moment it is an economic burden for the EU countries and poses a serious political problem. According to Bildt, however, if the countries of the Union manage to deal with the integration of migrants, it can even help the economy. In this moment of the migration crisis, it is important to have a stable economy. Bildt also said the digital and combined capital markets are key to enhancing the competitiveness of the EU and that the EU should deal with the problem as a group of countries rather than individually. Joint efforts would help to a faster resolution of the crisis issue. Crucial for the future economic development is whether Great Britain will remain a full member.

Source: BNR

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