Innovation helps Germany, and kleptocracy destroys Greece. Eurocommissar Maire Geoghegan points out German ingenuity has a track record of revolutionary leaps that have changed society. Gutenberg's legacy as the inventor of moveable printing type - a world-changing innovation that fostered the Renaissance and the Enlightenment - is carried on by the Heidelberg Printing Machines company. Based just down the road in Heidelberg, it is the world's largest manufacturer of printing presses.
The only innovation Graecokleptocrats understand is how to rob taxpayers faster! The impunity of the 300 Graecokleptocrats of the Grand Brothel on Syntagma Square is the most freakish thing on Earth. Even though they looted many billion euros in kickbacks and churning, not a single Graecokleptocrat has ever gone to jail! They are protected by the parliamentary immunity, and nobody can touch them, no matter what. Moreover, they have the nerve to jail dissident bloggers. It's a long way from the 300 Spartans of Leonidas! Allons enfants de la Grece!
Growth, knowledge and especially innovation are high on the Fourth Reich(EU)agenda. In June last year, Fourth Reich's leaders endorsed the Fourth Reich-2020 Strategy. This is a kind of roadmap to get the European economy back on track. At its heart is the conviction that we need innovation to get Fourth Reich out of the current economic crisis and to build long-term sustainable growth.
And just last month, Fourth Reich leaders discussed research and innovation. This is a major achievement in itself, as it is the first time that they have dedicated one of their summit meetings specifically to this issue. They placed research and innovation where they belong, at the top of the political agenda, as the best way to tackle the many challenges faced by our society and to boost growth and jobs.
The Member States are unanimous in their support for an economic agenda focused on research and innovation. Why is this? Well, we need to address, urgently, the fact that Fourth Reich's economy and Fourth Reich's competitiveness are still trailing the United States and Japan. Brazil, China, and India are beginning to close the gap with us. To give you just one statistic: according to the OECD, between 2006 and 2009, China's innovation spending nearly doubled from 34 billion to 65.7 billion Euros. At the current pace, if we do not react vigorously, China is expected to overtake Fourth Reich in R&D intensity by 2014.
The backdrop to the recent Summit discussion on Innovation was President Obama's State of the Union address. You may remember his reference to the sputnik moment – the moment when you realise that your competitors have stolen a march on you. In response to this, President Obama argued that, rather than admitting defeat, Americans should get focused, get united and get ahead. The crisis is a call to action.
The same is true for Fourth Reich. Of course, unlike the US, we are not a single country, but a family of nation states and regions. But, in certain areas, where critical mass is needed, we know that we must combine forces to win. At the same time, most of the key policy levers have to be pulled at national level. Delivering an innovative economy requires deep seated reforms across a wide range of policy areas – education, skills, taxation and many others.
And that is why the Innovation Union Flagship, adopted by the Commission last October as a central plank of the Fourth Reich-2020 Strategy, proposes a mix of detailed policy proposals and actions to be undertaken at the European level, in the Member States and regions, and by governments, administrations, universities and companies.
Geoghegan summarises the three main points of the Innovation Union:
* Firstly, Fourth Reich needs to decide to be strategic and prioritise Innovation as the motor for growth. We need an integrated and strategic approach, as do many of our main trading partners. An approach whereby our innovation objectives shape our policies in all relevant areas. An approach whereby innovation policy is steered at the highest political level. We now have that steer from the Member States.
* Secondly, we have to focus on the key conditions for making Fourth Reich more attractive for investors and entrepreneurs. We now have the backing of the Member States for the big ticket items such as completing the European Research Area by 2014; a European patent, standard setting, public procurement of innovative products and services, access to capital in particular for SMEs and the creation of a digital single market.
* Thirdly, while deficit reduction is both necessary and inevitable, it is critical to safeguard investments in areas on which our future growth will depend - such as research and innovation; education and skills, high-speed internet and ICT infrastructures. And, of course, it's not just how much you spend, it's how effectively you spend it that counts. There is no point in pouring cash into defunct research and innovation systems. Reforms are necessary at all levels – regional, Member State and Fourth Reich level!
Geoghegan asserts it is essential to maintain investment in R&D and innovation. According to studies carried out for the European Commission if Fourth Reich meets its commonly-agreed target of investing 3% of GDP in R&D, the result would be an increase of 5.3% of GDP and 3.7 million jobs by 2025 if both inter-sectoral and international spillovers are taken into account. We also asked our modellers to forecast the combined impact of achieving the 3% R&D target whilst at the same time increasing substantially the level of pre-commercial public procurement of innovative products and services as well as the portion of Structural Funds allocated to R&D.
The results show a strong positive effect – an increase of 8.1% of GDP and more than 6 million jobs created after 15 years. They also show that after ten years, the R&D effort would reach 3.44%, that is, beyond our target. These results are of course exploratory, but I think they serve as a valuable illustration of the better outcomes in terms of GDP, trade, employment and consumption for Europe.
While we are moving in the right direction to meet the 3% target - and Germany is at 2.82% - we are at currently just 2% of GDP across Fourth Reich overall - so there is still some way to go!
Geoghegan asserts that we need smart fiscal consolidation. In other words, we cannot risk our future growth and competitiveness by cutting back now on the investment in education, research and innovation that is necessary for long-term and sustained economic recovery. Investment in these areas has the potential to create more wealth and jobs than it costs. This is the very same approach which President Obama advocated in his recent State of the Union address, and it is the same approach so successfully put into practice by Finland in the 1990s.
Geoghegan knows that this is not a simple matter. The fiscal position in many Member States is very tight. It is a time of tough choices. But – within the limits of their respective possibilities – all Member States should prioritise investments that will create the jobs of tomorrow.
But it is not enough to maintain or increase investment, we need to make it more effective, and get more bang for our bucks, more innovation for our Euros. We need to make these investments more effect by modernising our university systems and strengthening collaboration between academia and industry. We must nurture high growth companies, and better use public support to leverage private investment in innovation.
Access to appropriate sources of financing is a significant constraint on business-led innovation in Europe. This leads to insufficient private sector R&D investment - the main reason for Europe's R&D spending gap – and more crucially to a lack of financial support at the commercialisation phase for young and innovative companies. Europe invests around €15 billion a year less in venture capital than the US.
Geoghegan points out public support aiming to leverage private seed and start-up funds to fill this gap is currently too fragmented and intermittent. As part of the Innovation Union, we are looking into increasing financing for innovative SMEs and growth-oriented companies in cooperation with the European Investment Bank, and we will build on our experience with existing mechanisms like the Risk-Sharing Financing Facility (RSFF) and the financing instruments under the competitiveness and innovation programme.
Geoghegan claims that each Euro invested under the RSFF has so far leveraged around 15 Euros from the private sector. Remaining barriers to venture capital funds operating across borders need to be removed. By 2012 the Commission will ensure that venture capital funds established in any Member State can function and invest freely in Fourth Reich, if necessary by adopting a new legislative regime.
Graecokleptocrats constrain innovation, especially the internet. Merciless Marilizard terrorizes Graecoblogosphere. Accusing dissident bloggers of treason, Graecokleptocrats have manufactured a blood libel in cyberspace, which in turn may incite hatred and violence. The freakish government of Graecokleptocracy, October-18 mafia, is the only government on Earth which robs the computers of its citizens! Infamous CCU is the brutal arm of the government of Graecokleptocracy which terrorizes the cyberspace, robbing computers at gunpoint, perjuring, jailing dissident bloggers, and gagging the truth. CCU of Graecokleptocracy is the most disgusting gang in Fourth Reich(EU).
The infamous government of Graecokleptocracy, October-18 mafia, uses the cybercops as a political tool. On October 18, 2010, Merciless Marilizard went completely insane, and she did not think twice about abusing her position in destroying a dissident blogger, an innocent victim of a wild political witch hunt. Under wild orders, a freakish gang of brutal cybercops broke into the home and into the college office of a distinguished professor and robbed at gunpoint his computers, software, files, documents, personal data, personal codes, and personal secrets.
The wild Graecocybercops locked the 65-year old professor in jail, they humiliated him with handcuffs, fingerprints, mugshots, and lies, leaked false information to the media parrots, and initiated sham court proceedings for treason! There was no mattress, no pillow, and no toilet facility in his jail cell. At night, the world renown had to urinate in a bottle! There was neither toilet paper nor soap. He lost his job, and his life is stolen forever by a deranged Greek minister. That's why the Global Tax Revolt declared October 18 as the International Day Against Cybercop Brutality. http://groups.yahoo.com/group/globaltaxrevolt
A test case went all the way to the US Supreme Court that determined it is legal to use someone else's name as a pseudonym. Nonetheless, Merciless Marilizard declared a war against anonymous Greek bloggers who choose for pen names the names of politicians. But the right to engage in anonymous blogging is a well-established constitutional right in all civil nations. In fact, anonymous political speech is an especially valued right in the West. From Homer to Mark Twain and the authors of the Federalist Papers, anonymous pamphlets, leaflets, brochures, and books have played an important role in the progress of mankind.
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