Brussels, 17/06/2008 (Agence Europe) - Despite the Irish “No”, the Lisbon Treaty ratification procedure has to continue because “the business community cannot afford to be bogged down in another institutional crisis,” says BUSINESSEUROPE, in a letter from its president, Ernest-Antoine Seillière to the current Council president, Slovenian Prime Minster Janez Janša. With 2% growth forecast in 2008, the European employers' organisation rejects all pessimism for the European economy. High inflation (as a result of the high cost of raw materials) must be mitigated across Europe, notably through moderate wage settlements, BUSINESSEUROPE says. It also calls for the Common Agricultural Policy (CAP) to be modernised. It is adamant that climate change strategy must not disadvantage European industry with regard to energy prices. The letter is available at http://www.businesseurope.eu (A.B./transl.rt)