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City of London: scientists need access to venture capital and less red tape, the nine countries said (Photo: harshilshah100)

Nine EU countries set out post-crisis growth plan

The EU risks a future of high unemployment and economic decline vis-a-vis new world powers unless it looks beyond just saving the euro, nine member states have said in a joint letter.

"Without stronger ambition and fundamental reform - to unleash enterprise, open markets and promote innovation, including in green technologies - we face a future of low productivity, high unemployment, lost investment and relative economic decline," the group-of-nine warned.

"Putting public finances...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

City of London: scientists need access to venture capital and less red tape, the nine countries said (Photo: harshilshah100)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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