EUROPEAN SEMESTER AUTUMN PACKAGE – 21 NOVEMBER

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EUROPEAN SEMESTER AUTUMN PACKAGE - 21 NOVEMBER
21 Nov 2018

EUROPEAN SEMESTER AUTUMN PACKAGE – 21 NOVEMBER

Brussels Daily

European Semester Autumn Package: Bolstering inclusive and sustainable growth

Commission sets out EU’s economic and social priorities for 2019, presents Opinions on Draft Budgetary Plans and confirms the existence of particularly serious non-compliance with the Stability and Growth Pact in the case of Italy; Greece is integrated into the European Semester for the first time.

The 2019 European Semester cycle of economic and social policy coordination begins against a backdrop of sustained but less dynamic growth in a climate of high uncertainty. A lot has been achieved since 2014 but more must be done to support inclusive and sustainable growth and job creation while enhancing the resilience of Member States’ economies. At EU level, this demands taking the decisions required to further strengthen the Economic and Monetary Union. At national level, there is a pressing need to use the current growth momentum to build up fiscal buffers and reduce debt. Investment and structural reforms need to focus even more on boosting productivity and growth potential. These actions will provide the conditions for sustained macro-financial stability and serve EU’s long-term competitiveness. This will, in turn, create the conditions for more and better jobs, greater social fairness and better living standards for Europeans.

More information here

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