A EUROPEAN SCIENCE AND TECHNOLOGY ADVISORY COUNSEL has been created to advise on how to harness this economic driver. Firstly, it is a formal recognition of its economic importance. Secondly, it will influence capital expenditure. Assuming the advice forthcoming is halfway valuable, this is cause for optimism, and a sign that growing our way out of the Crisis is at least as important as austerity approaches in the eyes of Brussels. Watch this space.
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