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Task force on South East Europe 2020 3 July 2012 José Angel Becerra Europe 2020 and National Competitiveness Policies Enterprise and Industry DG Smart.

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Presentation on theme: "Task force on South East Europe 2020 3 July 2012 José Angel Becerra Europe 2020 and National Competitiveness Policies Enterprise and Industry DG Smart."— Presentation transcript:

1 Task force on South East Europe 2020 3 July 2012 José Angel Becerra Europe 2020 and National Competitiveness Policies Enterprise and Industry DG Smart growth: from indicators to policy

2 Objectives, indicators, policy Objectives: Indicators to describe the competitive performance of the MS Policy recommendations to improve performance Two forums for policy messages: Country-specific recommendations of the European Semester (May) Report on Member States' competitiveness performance and policies (September)

3 Competitiveness and its indicators Report on MS competitiveness Article 173 TFEU Published yearly as part of the industrial policy package Horizontal chapters focusing on policy areas 26 indicators per Member State divided in four areas Comparison to the EU average New in 2012: industrial performance scoreboard

4 Horizontal focus in 2012 Industrial innovation Sustainability of industries Business environment Access to finance Regulatory burden Services Quality of public administration

5 Horizontal focus area: access to bank lending Data source: ECB/European Commission, DG ENTR calculations. Analysis process Identify countries that have a serious problem – based on both indicators and other evidence Explore the reasons for the underperformance What policy actions could improve the situation?

6 Horizontal focus area: government effectiveness rank Data source: World Bank Governance Indicators 2011. The WGI summarize information from 30 existing data sources on view and experiences of citizens, entrepreneurs, and experts in public, private and NGO sectors.

7 Horizontal focus area: efficiency of public administration Data source: DG ENTR calculations

8 Country indicators - Slovenia Modern and competitive industry Sustainable industry Business environment Entrepreneurship and SMEs

9 Country indicators - Slovenia Modern and competitive industry Sustainable industry Business environment Entrepreneurship and SMEs

10 Country indicators - Slovenia Modern and competitive industry Sustainable industry Business environment Entrepreneurship and SMEs

11 Europe 2020: the EU’s growth strategy Single Market Act Trade and external policies Structural Funds and future EU budget Modernised EU levers for growth and jobs Flagships for smart, sustainable and inclusive growth Strengthened EU economic governance Macro-economic & fiscal surveillance Regulation of financial services Targets and guidance for structural reforms Innovation Union New Skills and new Jobs Digital Agenda Youth on the Move New Industrial Policy Platform against Poverty Resource Efficiency

12 EU targets agreed for 2020 EMPLOYMENT 75% of the population aged 20-64 should be employed INNOVATION 3% of the EU's GDP should be invested in R&D CLIMATE / ENERGYA reduction of greenhouse gas emissions by 20% A share of renewable energies up to 20% An increase in energy efficiency by 20% EDUCATIONThe share of early school leavers should be under 10% At least 40% of the younger generation should have a degree or diploma POVERTYLifting at least 20 million people out of poverty

13 Council of Ministers European Commission European Parliament European Council Spring EU summit: overall guidance on EU priorities JanuaryMarchAprilFebruaryMayJuneJuly Adoption of National Reform Programmes (NRPs) & Stability and Convergence Programmes (SCPs) Autumn: Implementation at national level Debate & orientations Endorsement of country-specific recommendations Discussion in Council formations Member States Annual Growth Survey and other reports Proposals for country-specific recommendations Debate & orientations Autumn: Monitoring and peer review at European level The European Semester timeline

14 Five priorities Key areas for action 1.Pursuing differentiated growth-friendly fiscal consolidation 2.Restoring normal lending to the economy 3.Promoting growth and competitiveness 4.Tackling unemployment and the social consequences of the crisis 5.Modernising public administration  Pursue country-specific strategies to fit national fiscal and macro-financial situation  Adopt right mix of expenditure and tax shifts to maximise positive impact on growth  Strengthen capital positions of key banks  Facilitate more direct access to financing  Tap into existing sources: digital single market, internal market for services, trade  Mobilise EU funds in support of growth  Fast-track key EU initiatives (cf. AGS annex)  Pursue reforms for a growth-rich recovery  Supporting employment, notably through a Youth Opportunities Initiative  Protecting the vulnerable  Improve business environment  Facilitate absorption of EU funds Annual Growth Survey 2012

15 Full text of recommendations at: http://ec.europa.eu/europe2020/index_en.htmhttp://ec.europa.eu/europe2020/index_en.htm EU recommendations for national action in 2012/13

16 Employment  increase labour participation, particularly of youth, elderly, disadvantaged groups  undeclared work  life-long learning  lower labour taxes  employment services Competitiveness  wage setting mechanisms  public sector wage developments  competition in services  education, R&D and innovation  business environment Sustainability of public finances  align pensions to demography  incentives for older workers  national fiscal rule Financial stability  national legislation for banking resolution or other measures Employment/labour market  active labour market policy: public employment services  social transfers and access to social services  education reform Structural policies/competitiveness  competition in electricity/gas markets  public services: public procurement, administrative capacity, independence of judicial system  energy efficiency/energy connections  absorption of EU funds Public finances  sound public finances  pension, education and health systems  strengthen fiscal framework  tax compliance and shadow economy Financial Sector  access to finance start-ups and SMEs European semester recommendations for 2012/2013 Employment: 76% R&D: 1.5% Tertiary education: 36% Early school leaving: 11% Greenhouse gas emissions: +20% Renewable energy: 16% Energy efficiency: 3.20 Mtoe Reduction of people at risk of poverty or social exclusion: 260 000 (national definition) BULGARIA Europe 2020 targets Euro Plus Pact commitments Source: European Commission. For more information, see: http://ec.europa.eu/europe2020/index_en.htmhttp://ec.europa.eu/europe2020/index_en.htm

17 Employment  flexicurity  increase labour participation  undeclared work  life-long learning Competitiveness  wage setting mechanisms  public sector wage developments  education, R&D and innovation  business environment Sustainability of public finances  align pensions to demography  incentives for older workers  national fiscal rule Financial stability  national legislation for banking resolution or other measures The only recommendation is to implement existing commitments under EU/IMF financial assistance programmes European semester recommendations for 2012/2013 Employment:70% R&D: 2% Tertiary education: 26.7% Early school leaving:11.3% Greenhouse gas emissions: +19% Renewable energy: 24% Energy efficiency: 10.0 Mtoe Reduction of people at risk of poverty or social exclusion: 580 000 ROMANIA Europe 2020 targets Euro Plus Pact commitments Source: European Commission. For more information, see: http://ec.europa.eu/europe2020/index_en.htmhttp://ec.europa.eu/europe2020/index_en.htm

18 Employment  flexicurity  increase labour participation  life-long learning Competitiveness  wage setting mechanisms  public sector wage developments  competition in services  education, R&D and innovation  business environment Sustainability of public finances  national fiscal rule Financial stability  national legislation on banking resolution or other measures Employment/labour market  labour market participation (older workers)  active labour market policies  wage setting mechanisms  flexicurity  education, vocational education- matching skills to labour market needs Structural policies/competitiveness  regulated professional services  public services and regulation Public finances  sound public finances  pension system  fiscal framework Financial sector  measures in the banking sector  access to finance European semester recommendations for 2012/2013 Employment: 75% R&D: 3% Tertiary education: 40% Early school leaving: 5% Greenhouse gas emissions: +4% Renewable energy: 25% Energy efficiency: no target Reduction of people at risk of poverty or social exclusion: 40 000 SLOVENIA Europe 2020 targets Euro Plus Pact commitments Source: European Commission. For more information, see: http://ec.europa.eu/europe2020/index_en.htmhttp://ec.europa.eu/europe2020/index_en.htm

19 Are we likely to meet our targets for 2020? EMPLOYMENT 75% of the population aged 20-64 should be employed INNOVATION 3% of the EU's GDP should be invested in R&D CLIMATE / ENERGYA reduction of CO2 emissions by 20% A share of renewable energies up to 20% An increase in energy efficiency by 20% EDUCATIONThe share of early school leavers should be under 10% At least 40% of the younger generation should have a degree or diploma POVERTY20 million fewer people should be at risk of poverty

20 The EU is lagging behind its R&D target On the basis of current commitments, the Europe 2020 target will not be met. EU target*** ≈ 2.7% ≈ 2.2% Business as usual* EU investment in R&D as a % of GDP in 2000, 2010 and 2020 If national targets are met** * Scenario based on the continuation of on-going reforms and financial efforts. ** No targets set by CZ, EL and the UK: 2020 figures were estimated by Commission services. *** The EU target includes R&D expenditure by intergovernmental research infrastructures which is not included in the R&D expenditure of the Member States. % Source: European Commission

21 Levels of ambitions for R&D vary a lot R&D investments in the EU as a % of GDP 2020 national target**2010 performance* % * EL: 2007; AT, FI: 2010. **No targets set by CZ, EL and the UK. For CZ: a target (of 1%) is available only for the public sector. For IE: the target is 2.5% of GNP which is estimated to be equivalent to 2.0% of GDP. For LU: the target is between 2.30% and 2.60% (2.45% was assumed). EU target Source: European Commission

22 22 PT LT DK AT NL MT SI HU BG CY EE RO PL FI ES IT SK IE CZ LU DE BE EL LV UK FR SE EA EU US JP EU average Long-term performances vary across the EU Productivity levels in 2011 and growth over 2000-2011 Hourly productivity growth (in %, annual average 2000-2011) Hourly productivity level (2011) Source: European Commission

23 Links Report on MS competitiveness http://ec.europa.eu/enterprise/policies/industrial-competitiveness/monitoring-member-states/index_en.htm Monitoring Europe 2020 http://ec.europa.eu/europe2020/reaching-the-goals/monitoring-progress/index_en.htm


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