european systemic risk board, which is to identify risks in the financial system and to provide warnings and recommendations to the countries and authorities concerned. public finances an acute but difficult problem the two other challenges are rather more difficult. the problems with public finances entail a difficult balancing act for the countries concerned. on the one hand, it is desirable that the this and the third challenge are taken up by, for instance, olivier blanchard in the foreword to the imf ’ s world economic outlook, october 2010. savings do not increase too much too soon thereby withdrawing public sector demand while private sector demand is still weak. this could lead to a negative spiral, with falling demand and production, where public finances are weakened rather than strengthened. on the other hand, the deficits and the government debt must not continue to grow to the extent that doubts arise regarding the ability to repay the debt at all. such a situation would hardly be preferable. a further complication is that this time there are many large countries who need to save at the same time. the effects on the global economy could then be substantial, particularly if the balancing act is not successful. adjusting the global imbalances is not made easier by the crisis the third challenge – that some countries must begin to rely more on exports and others more on domestic demand – was debated intensively even before the crisis. after the crisis the problems of this global imbalance have in some way become even clearer. one means of maintaining demand and creating scope for consolidation of public finances is to increase exports. and one means by which exports can increase is if the currency weakens so that the country ’ s own goods become cheaper for other countries to buy. the problem is that all countries cannot by definition export their way out of the crisis at the same time. all countries can conduct an expansionary policy, but all countries ’ currencies cannot weaken at the same time. despite this insight being relatively widespread, fears have been expressed of a currency war, where countries deliberately try to weaken their own currencies. and if a currency war begins, it is only a short step to a trade war, where countries begin to introduce tariffs to protect their own manufacturing. this was what happened during the great depression of the 1930s, and it of course only made the problems worse. such a development would be very unfortunate and have a considerable negative impact on small economies with extensive foreign trade, such as sweden. at present there are major efforts being made in various international forums to avoid

of the 6th measurement, june 2006 when compared against other eu countries, we rank very poorly 2 in such categories as the ability to file tax returns online ( submit tax forms and make payments ), obtaining a driving license online or registering a car. we ranked last in the eu for the lack of online company registration, as it is not possible to download forms to fill in, whereas in as much as 7 eu countries it is possible to register a company online without the necessity of filling in any paper forms. the only area where poland meets all requirements to join the group of leaders is online submission of customs declarations. it is a rare example of an area whose development proceeded in line with a daring and clearly defined vision. we need to have a vision, share a vision, a well - defined vision that will help us take advantage of emerging opportunities and will allow us to prepare for possible dangers associated with homo sapiens globalus society. please, take a look around you … i can assure you that there is more than one john global in this room … i suggest that after leaving the room each one of us should take a moment to think what you yourself, as an individual, can do to start preparing today for a meeting with john global in 20 years. and what can each of us individually do to make us share a vision so that we can become citizens of the world and master the fine art of capturing the benefits brought by the homo sapiens globalus society. thank you very much for your kind attention and i announce the topic open for discussion. methods employed in european commission ’ s survey to assess the services provided involve defining a five - stage framework to determine the level of services provided. stage 0 – total absence of any publicly accessible website or lack of possibility to qualify the existing website to any of levels 1 to 4 ( 0 % – 24 % in the figure ). stage 1 – information – the information necessary to start the procedure to obtain this public service is available on - line ( 25 % – 49 % in the figure ). stage 2 – one - way interaction – the publicly accessible website offers the possibility to obtain in a non - electronic way ( by downloading forms ) the paper form to start the procedure to obtain this service ( 50 % – 74 % in the figure ). stage 3 – two - way interaction the publicly accessible website offers the possibility of an electronic intake with an official electronic form to start the procedure to obtain this service. this implies that there must be a form