European Transition Into A Socio-Ecological Market Economy

European transition into a Socio-ecological Market Economy is mainly hampered by the undue large financial sector and the target of high economic growth. A turn into a low growth equilibrium is bound to a reduction of financial, man-made and natural capital. Capital saving innovations and considerably higher qualification can contribute to more employment, a higher wage quota, more final demand and less export surpluses. Lower capital inputs protect nature and augment saving surpluses, which should be transferred to economically less developed European countries and the Third World as real instead of financial investments. Europe 2020 Strategy and Horizon 2020 contain several elements for a transition, but they are very reluctantly implemented. By a vigorous transition into a Socio-ecological Market Economy Europe can augment its global competitiveness and regain its role as a global economic player.