EUROPE 2020 Towards the 2013 Annual Growth Survey

Transcription

1 EUROPE 2020 Towards the 2013 Annual Growth Survey Marcel Haag Head of Unit Secretariat General, European Commission 1

2 Restoring growth: a pressing priority EU GDP level in recent years (first quarter 2005 = 100) Forecast* GDP level * Commission 2012 Spring Forecast

3 High levels of unemployment Unemployment rates in % December 2007 March 2012 %

4 Situation on the targets EMPLOYMENT 75% of the population aged should be employed INNOVATION 3% of the EU's GDP should be invested in R&D CLIMATE / 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 should have a degree or diploma POVERTY 20 million fewer people should be at risk of poverty

5 Tackling the «vicious circles» affecting Europe Macro-imbalances procedure Euro Plus Pact Higher taxes Low tax revenue Low competitiveness Low productivity Low growth Low demand Limited access to finance Government debts Private and financial sector indebtedness Bank guarantees and recapitalisation Stability and Growth Pact Financial firewalls Treaty on stability, coordination and governance Lower values of bonds EU supervisory framework Macro-imbalances procedure

6 EU-level action for growth - strategy - Economic and Monetary Union (SGP, financial backstops, banking sector, deepened EMU) - Compact for growth and jobs; Agreed at the European Council June Internal Market : EU patent just adopted, services directive, Single Market II proposal - Free trade agreements

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

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

9 Implementing : a shared responsibility EU level National level Regional and local levels Social partners and civil society 9

10 Regional and local authorities and the Commission Main interlocutor for the Commission: Committee of Regions Monitoring Platform: active role in monitoring in regions and sharing best practices, providing input for the Commission s work Co-operation on Handbook on for local and regional authorities Direct (ad hoc) contacts with regional and local representatives, including through the Representations in the Member States Main input channel for the AGS: CoR Monitoring Report on

11 Regional and local authorities and Member States Involvement in the policy design and planning - Commission guidance for the National Reform Programmes: The strategy should be developed in close partnership with all national, regional and local authorities, closely associating parliaments. Depending on the division of competencies in individual Member States, regional and local authorities also play an important role in implementing the strategy. When reporting on implementation of the NRPs, Member States are invited to refer to any good practice at regional or local level. Social partners and representatives of civil society shall also be consulted in the preparation of the NRPs and involved in the follow-up, as relevant and in line with national practices. All NRPs should continue reporting on how concerned parties are involved in the process.

12 Regional and local authorities and Member States Involvement in the implementation of the national plans and country specific recommendations Depending on the division of competencies in individual Member States, examples of possible key relevant areas: Fiscal consolidation Employment policies on the ground Education Entrepreneurship, innovation Social inclusion

13 EU recommendations for national action in 2012/13 Public finances Financial sector Growth enhancing structural reforms Labour market Sound public finances AT BE BG CY CZ DE DK EE ES FI FR HU IT LT LU LV 0 MT NL PL SE SI SK UK Pension and health systems Fiscal framework Taxation Banking Housing market Access to finance Network industries Competition in service sector Public services and regulation R&D and innovation Resource efficiency Labour market participation Active labour market policy Wage setting mechanisms Labour market flexicurity Education 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:

14 European Semester 2013: Towards the AGS 2013 AGS 2012 Priorities Implementation Efforts should concentrate on: 1. Pursuing differentiated growth- friendly fiscal consolidation 2. Restoring normal lending to the economy 3. Promoting growth and competitiveness for today and tomorrow 4. Tackling unemployment and the social consequences of the crisis 5. Modernising public administration

15 A «Compact for growth and jobs» Member State action EU policies contribution EMU-related factors Achieve Respect new economic governance rules Implement country-specific recommendations: Growth-friendly fiscal consolidation Restore normal lending to the economy Promote growth and competitiveness Tackle unemployment and social consequences Modernise public administration Deepen the Single Market Digital Single Market by 2015 Reduce regulatory burden Internal Energy Market by 2014 Innovation (e.g. patents, European Research Area) EIB capital increase Project bonds EU Structural Funds Future budget Taxation Employment / mobility Trade Financial stability Towards a genuine Economic and Monetary Union Build on the Euro Plus Pact within the European Semester Ratify Treaty on Stability, Coordination and Governance

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