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Digital Europe – Europe's Fast Track to Economic Recovery

Self‐reported
retrospective
symptomology
is
used
to
identify
health
effects
that
may
or
may
not
be
 associated
with
a
participant’s
presence
within
a
spill‐affected
community.
These
questions
are
 designed
to
evaluate
health
symptoms
that
individuals
may
attribute
to
environmental
exposures
to
 crude
oil
or
associated
emissions.
In
a
similar
manner
to
symptomology,
self‐reported
over‐the‐counter
 drug
use
yields
insight
into
the
future
study
of
environmental
exposures.
It
is
postulated
by
this
study
 that
self‐treatment
is
likely
the
method
of
choice
for
individuals
that
have
chronically
suffered
exposures
 to
environmental
toxics.
 . | SPEECH 09 336 Viviane Reding EU Commissioner for Telecoms and Media Digital Europe - Europe s Fast Track to Economic Recovery The Ludwig Erhard Lecture 2009 Lisbon Council Brussels 9 July 2009 Dear Mr Hofheinz dear Ms Mettler Ladies and gentlemen I feel very honoured that you have invited me to give this year s Ludwig Erhard Lecture . The moment for this is very well chosen and I would like to congratulate the organisers of the Lisbon Council for their excellent timing. In these days where Europe is in the deepest economic crisis since the 1930s it is very useful in particular for politicians to remember the work of Ludwig Erhard and to take another look at his writings. Before becoming German Chancellor Ludwig Erhard was the first Minister of the Economy of the young Federal Republic after the Second World War. After years of dictatorship and centralised management of the economy after a national catastrophe of unprecedented dimensions and total economic and social break-down Erhard was entrusted with the Herculean task of rebuilding the German economy. That he managed to do this that by the end of the 1950s he was able to transform West Germany into the second most important economy in the world after the United States is often described as the economic miracle Wirtschaftswunder . However when we look more in detail at what Erhard did in his policy this was no miracle at work. It was rather a good combination of strong political determination and sound economic principles coupled with a good understanding of the importance of psychology for macroeconomics. In view of the crisis we are currently experiencing allow me therefore to take a step back and to elaborate a bit on this first on the principles needed for a sound economic policy. And then on the necessary political determination. Core principles of a sound economic policy The starting point of Erhard s policy for re-launching the German economy was a firm belief in the benefits of the market economy in open