Analysing each Member State’s key socio-economic challenges

The Commission has today published country reports analysing each Member State’s key socio-economic challenges.

Shortcut to direct links : Belgium, France, Luxembourg and Spain.

The analysis in the country reports reflects the Annual Sustainable Growth Strategy, presented in December 2019, focusing on competitive sustainability with the aim to build an economy that works for people and the planet. Implementation of the European Pillar of Social Rights and performance on its accompanying social scoreboard is also assessed for each Member State. The country reports focus on four dimensions: environmental sustainability, productivity gains, fairness and macroeconomic stability.

For the first time, the reports assess Member States’ progress towards the United Nations Sustainable Development Goals (SDGs), highlighting the macro-economic and employment policies that can help to achieve them. They also analyse the challenges and opportunities for each country arising from the climate and energy transition. In the same vein, they identify priorities for support by the Just Transition Fund. Continue reading “Analysing each Member State’s key socio-economic challenges”

Future European economic policy must be in line with the European Green Deal

The Committee urges EU Member States to make sustainable economic growth the top priority for European and national economic policies in 2020 and beyond and recommends complementing the current accommodative monetary policy of the European Central Bank (ECB) with a cautiously expansive fiscal policy at euro area level.

In the EESC’s view, the Green Deal represents not only a major shift for EU economies, but also an opportunity to enhance economic prosperity and convergence within the euro area and the EU as a whole. The Green Deal should become the backbone of future EU and euro area economic policy and lead to a new economic paradigm. The economic priorities for 2020 should therefore be aligned with it.

At today’s plenary session (19/02/2020), the Committee adopted its opinions on the European Commission’s Annual Sustainable Growth Strategy 2020 (ECO/502) and on the recommendation for the economic policy of the Euro area (ECO/503). The opinions deliver the perspective and contribution of Europe’s organised civil society to the ongoing debate on the economic priorities for the year ahead and beyond in the framework of the European Semester. The priorities were discussed by the Economic and Financial Affairs Council on 18/02/2020 and will be formally adopted at the upcoming European Summit in March 2020. Continue reading “Future European economic policy must be in line with the European Green Deal”

Shaping Europe’s digital future : The strategies for data and Artificial Intelligence

Today, the Commission unveils its ideas and actions for a digital transformation that works for all, reflecting the best of Europe: open, fair, diverse, democratic and confident. It presents a European society powered by digital solutions that put people first, opens up new opportunities for businesses, and boosts the development of trustworthy technology to foster an open and democratic society and a vibrant and sustainable economy. Digital is a key enabler to fighting climate change and achieving the green transition. The European data strategy and the policy options to ensure the human-centric development of Artificial Intelligence (AI) presented today are the first steps towards achieving these goals.

The President of the Commission, Ursula von der Leyen, said: “Today we are presenting our ambition to shape Europe’s digital future. It covers everything from cybersecurity to critical infrastructures, digital education to skills, democracy to media. I want that digital Europe reflects the best of Europe – open, fair, diverse, democratic, and confident.”

Executive Vice-President for A Europe Fit for the Digital Age, Margrethe Vestager, said: “We want every citizen, every employee, every business to stand a fair chance to reap the benefits of digitalisation. Whether that means driving more safely or polluting less thanks to connected cars; or even saving lives with AI-driven medical imagery that allows doctors to detect diseases earlier than ever before.

Commissioner for Internal Market, Thierry Breton, said: “Our society is generating a huge wave of industrial and public data, which will transform the way we produce, consume and live. I want European businesses and our many SMEs to access this data and create value for Europeans – including by developing Artificial Intelligence applications. Europe has everything it takes to lead the ‘big data’ race, and preserve its technological sovereignty, industrial leadership and economic competitiveness to the benefit of European consumers.” Continue reading “Shaping Europe’s digital future : The strategies for data and Artificial Intelligence”