This archive contains all documents published by cep over the last few years:
cepAdhoc: Incisive comment on current EU policy issues.
cepPolicyBrief: Concise 4-page reviews of EU proposals (Regulations, Directives, Green Papers, White Papers, Communications) – including a brief summary and economic and legal assessments.
cepInput: Impulse to current discussions of EU policies.
cepStudy: Comprehensive examination of EU policy proposals affecting the economy.
The current Euro crisis is mainly rooted in the Member States excessive public debts. Consequently, settling the problem of debt should be at the heart of crisis management. To this end, the Commission published a reform package on 29 September. It encompasses amendments to the Stability and Growth Pact and, at the same time, a macroeconomic surveillance flanking the Pact. Thus the Commission wishes to ensure that, in future, the Stability and Growth Pact will be applied in a more efficient, sharper and more thorough manner.
The EU is to be entitled to monitor and avoid “macroeconomic imbalances” in and between Member States. Furthermore, it is to be entitled to carry out a “thematic surveillance“ in order to ensure that Member States comply with the “Europe 2020 targets”. A reform of the Stability and Growth Pact is to safeguard that Member States consolidate their state budgets sufficiently. In addition, the EU is to be entitled to coordinate the economic policies in Member States. To this end, a “European Semester” is to be established.
Within the framework of the Europe 2020 strategy, Member States agreed to improve there coordination of their economic policies. To this end, the Commission recommends to the Member States guidelines to harmonise their economic policies. In shaping their economic and fiscal policies and in developing national reform programmes, Member States should act in line with these guidelines.
Member States have agreed to improve the coordination of their employment policies, in the scope of the Europe 2020 strategy. To this end, the Commission presented to the Council guidelines for employment policies outlining the direction which educational, labour and social policies of Member States should take. The headline targets of the guidelines are identical to those proposed to the European Council within the context of the Europe 2020 strategy.
According to the Commission key enabling technologies are of “systemic relevance“ for the European economy and provide the basis for process, goods and service innovation. Therefore, a process is to be launched whose purpose is to identify and promote the key enabling technologies in the EU. The research base for the development of key enabling technologies in the EU is to be strengthened through “the right framework conditions and support instruments“.Synergy effects created by a better coordination of research promotion and joint action by Member States are assumed to be beneficial to European companies. The Commission promotes the establishment of an EU patent and a unified patent litigation system in Europe.
The GDP was already developed in the 1930s. In the meantime it has become the best known indicator of macro-economic activity. According to the Commission there “is a clear case for complementing” GDP with indicators covering social and environmental issues “on which people’s well-being critically depends” but which are not taken account of in the current GDP calculation. In its Communication the Commission presents its ideas regarding new indicators.