Presentation on theme: "30 May package - « Chapeau » Communication on Action for Stability, Growth and Jobs - 27 Country Specific Recommendations + 1 for Euro-area - 27 analytical."— Presentation transcript:
0 European semester 2012: Country Specific Recommendations
1 30 May package- « Chapeau » Communication on Action for Stability, Growth and Jobs- 27 Country Specific Recommendations + 1 for Euro-area- 27 analytical Staff Working Documents + 1 for Euro-area- 12 In-depth studies (under new Macroeconomic Imbalances Procedure)- 2 Recommendations to bring DE and BG out of EDP- 1 Recommendation to lift HU Cohesion Fund suspension- 27 « thematic fiches » comparing Member States’ performance
2 Action for stability, growth and jobs EU-level action for growth:- Europe 2020 strategy- Economic and Monetary Union (SGP, financial backstops, banking sector, deepened EMU)- Internal Market (EU patent, services directive, Single Market II proposal)
3 Action for stability, growth and jobs - Human capital (job-rich recovery, skills, mobility)- External sources of growth (FTA)- EU funding of the growth that Europe needs (MFF, structural funds, project bonds, EIB capital increase, …)
4 Action for stability, growth and jobs Member State level action for growth:- National reform programmes, end April 2012;Reports from MS on national consultation process:AT, SE, BE, FR, NL, BG, CY, DK, EE, HU, LU, SK, PL, RO reported to have had a formal and apparently good consultation process. For AT, SE, BE, FR, NL contributions from social partners/stakeholders are annexed to the NRPLT, SI, FI seemed to have only had a reduced consultation processCZ, DE, UK seemed to have had no formal consultation process (but may have informal ones)ES, MT had no consultation process- Stability or Convergence programmes- Commission Country Specific recommendations
5 Action for stability, growth and jobs 2012 Country Specific Recommendations – overview1) Pursue differentiated growth-friendly fiscal consolidation:- Deficits are falling, but:- Improve growth-friendliness of fiscal consolidation;- Use available fiscal space in countries without excessive deficits- Pursue pension reform- Shift tax burden from labour to environment and consumption, reduce tax exemptions- Fight shadow economy
6 Action for stability, growth and jobs 2) Restore normal lending to the economy:- Complete restructuring of banking sector, while avoiding excessive deleveraging- Promote access to finance for SMEs
7 Action for stability, growth and jobs 3) Promote growth and competitiveness:More efforts are needed to:- Open up services sector and public procurement markets- Improve performance of network industries- Improve business environment- Promote R&D investment and innovation- Take steps to meet the 2020 energy targets
8 Action for stability, growth and jobs 4) Tackle unemployment and social exclusion:- Fight youth unemployment- Reduce early school leaving, improve training and develop apprenticeships- Increase labour market participation (e.g. of women, older workers, vulnerable groups)- Align development of wages with productivity
9 Action for stability, growth and jobs 5) Modernise public administration:- Improve administrative capacity- Enhance efficiency of civil justice systems (backlogs, length of judicial proceedings)- Improve quality of services (eg through e-government)- Tackle corruption
10 EU recommendations for national action in 2012/13 Note: Recommendations proposed by the Commission in May 2012 for For IE, EL, PT and RO, the only recommendation is to implement existing commitments under EU/IMF financial assistance programmes. More information at:
11 Commitments under the Euro Plus Pact Note: this table summarises commitments taken by Member States participating in the Euro Plus Pact since Spring 2011.
12 Are we likely to meet our targets for 2020? EMPLOYMENT 75% of the population aged should be employedINNOVATION 3% of the EU's GDP should be invested in R&DCLIMATE / ENERGY A reduction of CO2 emissions by 20%A share of renewable energies up to 20%An increase in energy efficiency by 20%EDUCATION The share of early school leavers should be under 10%At least 40% of the younger generation shouldhave a degree or diplomaPOVERTY 20 million fewer people should be at risk of poverty
Your consent to our cookies if you continue to use this website.