Whereas China, India, and others have invested heavily in research and innovative capacity, Europe is perceived as being on the brink of decline. Worse still, Europe seems intent on ignoring its strengths, which lie in its science infrastructure, part of the cultural heritage that shapes European identity.
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VIENNA– Europe’s current financial squeeze defies easy solutions. Self-inflicted austerity has met popular restlessness for more tangible measures to revive economic growth and create jobs. Protesters vividly express widespread frustration with deepening inequality, and condemnation of privileges of a global financial elite comes uncomfortably close to implicating government.