The financial and economic crisis that has plagued many countries worldwide and in Europe for
the past several months is far from over. The efficiency of regional policies is directly impacted
by the budgetary restrictions that the situation requires and by the conditionalities linked to the
European aid. In this context, the European Stability Mechanism and the Growth Pact are key
elements but it will not be sufficient. Restoring public finances and relaunching growth imply
taking into more account policies implemented at regional level.

The Pescara Summit allowed for an in-depth exchange of views among participants in four key
fields for economic development, namely:
– education and training
– eco-innovation
– support to SMEs
– the link between culture, demographic change and economic revival

In those four fields, the following Recommendations have been adopted.

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