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More Research for Europe
The European Commission presented its strategy to respond to the Barcelona European Councils call to raise research spending to 3 percent of the European Unions average Gross Domestic Product by 2010. The report states that Japan already has achieved the 3 percent level and the U.S. is coming closer and that coordinated action at European, national and regional levels is necessary to make Europe more attractive to business investment in research and development.
Link
http://europa.eu.int/comm/research/era/3pct/index_en.html