Salzburg, 20 August 2010 Press release

Salzburg Trilogue dedicated to sustainability

Salzburg, 20 August 2010 – The Salzburg Trilogue will be taking place for the ninth consecutive time this year. The event, jointly organized by the Foreign Ministry and the Bertelsmann Foundation between 20 and 22 August, will focus on the topics of a humane market economy and qualitative growth. Particular attention will be given to the Black Sea Region.

This year's event will be attended by a series of particularly prominent personalities. Apart from WTO Director General Pascal Lamy, not fewer than five foreign ministers from the Black Sea Region have promised to participate: Kostyantyn Hryshchenko from the Ukraine, Elmar Mammadjarov from Azerbaijan, Nikolai Mladenov from Bulgaria, Grigol Vashadze from Georgia, and Dimitris Droutsas from Greece.

Foreign Minister Michael Spindelegger will be opening the Trilogue on Friday evening together with Liz Mohn, the Vice-President of the Bertelsmann Foundation. The two of them will be welcoming guests like Gunter Thielen, President of the Bertelsmann Foundation, and the former Foreign Minister and Federal Chancellor Wolfgang Schüssel.

Having focused on the global economic crisis last year, this year's Trilogue is titled "Building Blocks for Ethical Market Economies in the 21st Century" and will be dealing with the lessons learned from the crisis and the need for a more humane market economy.

What measures need to be taken to avoid future crises? Is the conventional notion of growth still adequate, or should classical benchmarks like GDP be replaced by more future-oriented ones that put more emphasis on sustainability? Moreover, how will we manage to reconcile environmental issues and social cohesion with business? The topicality of all these issues is shown by a study commissioned by the Bertelsmann foundation, according to which 90% of all Austrians wish for an economic order "in which environmental protection carries more weight and in which greater consideration is given to social balance in society".

The Black Sea Region, which has long been a priority area of Austrian foreign policy, plays a key role in European neighbourhood policy. It does not only constitute one of the fastest-growing economic regions, but is also an important energy transit area and a bridge to Asia and the Middle East. Therefore, as Minister Spindelegger stresses, "a special focus will be placed on the Black Sea Region, one of the most important and dynamic regions, which bears a huge growth potential and presents an equally wide range of challenges."

Two work sessions on "Lessons from the economic and financial crisis" and "Ethical market economy" are scheduled for Saturday, and the discussion on Sunday will concentrate on the political measures required to face the challenges of the future, first and foremost the construction of a social European market economy.

Of major significance in this context will be the Europe 2020 strategy, the European vision of a social market economy for the 21st century, which also aims at a comprehensive and sustainable notion of growth.

Federal Ministry for
European and international Affairs
Press Department
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