3 May 2012, 15:30 h, Aula Hall, Sofia University
On 3 May 2012, The Atlantic Club of Bulgaria, together with the Friedrich Ebert Foundation and Sofia University, and with the support of the Institute for Cultural Diplomacy, organized a keynote speech by the President of the European Parliament H.E. Martin Schulz, entitled “Europe’s Way Out of the Crisis”.
Mr. Schulz began his lecture by emphasizing world trade – in his opinion, it was no longer conducted bilaterally between two sovereign states, but on the base of international continental blocks. According to him individually, EU member states could not compete against the enormous economies in the American, Indian, Asian and Chinese markets. The only solution was a common European strategy.
According to the President of the European Parliament, one of the main culprits for the crisis in the EU were the financial speculations. The consequences were almost 50 % unemployment in some of the most developed countries, such as Spain, as well as the huge salaries of CEOs of banks and corporations, which often exceeded 3 million euros annually – facts that were intolerable for the modern look of Europe.
The President stressed the need for adequate measures for protecting the environment and recommended investments in energy-saving products and in an economy that had few carbon emissions. Mr. Schulz insisted on a fight against deforesting, careful use of water resources and prevention of diseases. Investments were needed in enduring and reliable energy sources, in order to combat global warming – a phenomenon that was caused mainly by the developed Western world.
Migration was placed as a main problem for the EU as well, deemed as unprecedented and catastrophic for the developed European continent. “We find ourselves in greater need for European actions. Right now this sounds as a contradiction and as such it is a great challenge for all politicians, both on national and international level. But we must fill the gap between the trust of people in us, which we are continuously loosing, and the need for more actions on European level, whose needs are increasingly getting bigger”, Mr. Schulz said.
In the end of the lecture, the President answered the questions of students, professors, journalists and other stakeholders. As far as he was concerned, the euro was not in crisis. The issue was how it was managed.