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  • EDINBURGH [url=http://www.comprarairmax270es.com/baratos-hombre-nike-air-max-270-photo-azul.html]Comprar Hombre Nike Air Max 270 Photo Azul[/url] , May 21 (Xinhua) -- Scottish Energy Minister Fergus Ewing announced on Wednesday new investment of 3.5 million pounds (about 5.88 million U.S. dollars) in Scotland's growing renewable energy sector.

    "We have tremendous green energy potential and vast natural resources, about a quarter of Europe's wind and tidal energy and 10 percent of its wave power," said Ewing at the All-Energy Conference in Aberdeen in northeastern Scotland.

    "Clean, green energy is creating opportunities for communities across Scotland and delivering jobs and investment," he said.

    Supported by the Scottish Enterprise's Renewable Energy Investment Fund, a community-owned tidal power turbine in Scotland has started exporting electricity to the local grid to power up to 30 homes [url=http://www.comprarairmax270es.com/baratas-hombre-nike-air-max-270-midnight-marino.html]Comprar Hombre Nike Air Max 270 Midnight Marino[/url] , a locally owned ice plant and a harbor industrial estate, according to Ewing.

    A total of four projects are being supported by the Fund, Ewing said.

    Renewable electricity delivered a record 46 percent of Scotland's gross electricity consumption in 2013, showed figures released by the British Department of Energy and Climate Change in late March.

    With 13.1 billion pounds of announced industry investment and over 9,000 associated jobs between January 2010 and April 2013, Scotland is on track to meet its interim target of 50 percent by 2015 and making an important progress towards the 2020 target of the equivalent of 100 percent of Scotland's electricity needs met from renewable electricity [url=http://www.comprarairmax270es.com/compra-hombre-nike-air-max-270-light-bone.html]Comprar Hombre Nike Air Max 270 Light Bone[/url] , said the Scottish government.

    by Xinhua writers Yan Lei, Shuai Rong

    BRUSSELS, Dec. 3 (Xinhua) -- The current stagnating European economy is expected to be pushed back to the right track for growth by the new European Commission through multiple policies including unprecedented investment strategy.

    However, concerns are lingering due to the effectiveness and efficiency of the policies.

    The overall European economy remained in bad shape for last year, with the latest unemployment rate high above 11 percent and growth rate only above zero percent.

    The European Union (EU) has fixed down the outlook for 2014 and 2015 GDP of the 18-country eurozone to 0.8 percent and 1.1 percent respectively, both lower than earlier estimates this year.

    Some experts have warned of lacking of actions to stimulate growth [url=http://www.comprarairmax270es.com/oferta-hombre-nike-air-max-270-flyknit-tiger-naranja.html]Comprar Hombre Nike Air Max 270 Flyknit Tiger Naranja[/url] , together with deflation risk approaching and continuously weak both in consumption and investment, to weigh on the future performance of the European economy.

    Since escaping from further decline in the second quarter of 2013, the European economy has moved forward with fragile recovery mostly depending on external environment improvement.

    Many officials including former economic and monetary affairs commissioner Olli Rehn warned of complacency trap, however, the European policy makers seemed to prefer to designing profound and fundamental reform roadmaps rather than addressing current problems, resulting in failures to revive the labor market and growth.

    The new Commission [url=http://www.comprarairmax270es.com/nike-air-max-270-dusty-cactus-azul-online.html]Comprar Nike Air Max 270 Flyknit Dusty Cactus Blancas Azul[/url] , taking office in November, have turned their eyes to internal demands outlining unprecedented 300 billion euros (about 372 billion U.S. dollars) investment plan, which is considered as key therapy for stimulating growth and job creation in near future.

    According to the EU, the level of investment in the EU has dropped by about 15 percent since 2007, well below its historical trend.

    Bruegel, a think tank based in Brussels [url=http://www.comprarairmax270es.com/comprar-mujer-nike-air-max-270-flyknit-negras-blancas.html]Comprar Mujer Nike Air Max 270 Flyknit Negras Blancas[/url] , also said in a report researching from 2009 to 2014, that throughout the EU the decline in investment, both private and public, construction and non-construction, has been substantial.

    Facing the challenges of low investment and economy losing steam, the new Commission's investment strategy is expected to mobilize at least 315 billion euros in additional investment over the next three years [url=http://www.comprarairmax270es.com/venta-hombre-nike-air-max-270-flyknit-racer-azul-total-rojos.html]Comprar Hombre Nike Air Max 270 Flyknit Racer Azul Total Rojos[/url] , mainly in infrastructure, notably broadband and energy networks, as well as transport infrastructure.

    To foster job creation, such investment strategy also support risk finance for SMEs and mid-cap companies, which contain more than 70 percent of labor force in the EU.

    Arguing the effective of the investment strategy, Daniel Gros [url=http://www.comprarairmax270es.com/nueva-hombre-nike-air-max-270-flyknit-oreo-negras.html]Comprar Hombre Nike Air Max 270 Flyknit Oreo Negras[/url] , Director of the Centre for European Policy Studies, showed his concern about missing target.

    He pointed out the aim of economic policy should be to increase consumption, rather than investment overall.

    "Increasing infrastructure investment might be justified in some member countries, but it is not a 'free lunch' when efficiency levels are low, which seems to be the case in some of the financially stressed euro area countries," Gros said.

    Apart from investment plan [url=http://www.comprarairmax270es.com/hombre-mujer-nike-air-max-270-flyknit-verde-blancas-espa-a.html]Comprar Hombre Mujer Nike Air Max 270 Flyknit Verde Blancas[/url] , the EU could enjoy an easing monetary environment served by the European Central Bank (ECB), which already set the interests rate at negative level and launched asset-backed securities (ABS) purchase plan. Despite the ambitious actions, the ECB has left behind on monetary easing pace from its counterparts in Britain and the United States.

    Moreover, the EU urged member states to take advantage of flexibility in fiscal rules while obey them in parallel.

    However, some core member states like France and Italy on the brink of breaking fiscal rules in the name boosting growth. Such behavior would set up a model possibly leading to more debt stressed member states to follow so that their fiscal austerity reform would be at risk.

    Fredrik Erixon, director of the European Centre for International Political Economy (ECIPE) [url=http://www.comprarairmax270es.com/venta-hombre-mujer-nike-air-max-270-flyknit-negras-naranja.html]Comprar Hombre Mujer Nike Air Max 270 Flyknit Negras Naranja[/url] , warned of the risk of breaking fiscal rules to lead more uncertainties for future economy.

    "If countries like France and Italy were more serious about economic reforms and fiscal consolidation, it would be easier for other countries to allow them some space for fiscal deficits and for the ECB to raise money liquidity," Erixon said.

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