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In a very unexpected move, the EU announced recently that it will be putting significantly more money towards "scientific research and innovation" in next year's budget. According to the European Commission, next year's budget will include at least 6.4 billion euros for such innovation. This is an increase of more than 12 percent over last year's budget, in a year that saw no inflation.The money is expected to be put towards a number of projects that are gaining importance in view of the European population. It will be distributed between more than 16,000 organisations and businesses. Some of the more practical problems that it will be used to challenge include an aging population, climate change, energy, health, and food security and shortages. Most of these are projects that will see immediate benefits and have definite practical applications.The EU says that it is making this move in part to increase jobs. With record unemployment levels, the EU expects that this project will create more than 165,000 jobs. Most of these jobs are expected to be long-term considering that many will be in universities and the public sector, where employees can get tenure and enjoy greater job...more
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