The Economic and Social Council (CES) has released a report expressing concerns about the new European fiscal rules, stating that they do not fully address the issues faced by the previous system. In its report, the CES makes several recommendations to improve the EU’s economic and social policies, including prioritizing the achievement of the Banking Union, deepening financial integration through the Capital Market Union, defining an industrial policy focused on specific sectors, and issuing joint public debt to strengthen the EU’s resources.
The CES acknowledges that while the new fiscal rules have positive aspects, their complexity and reliance on variables that are not directly observable pose challenges. The report calls for reforms to European mechanisms, increased investment at the European level, and complementing national fiscal policies to address current macroeconomic challenges. Additionally, it emphasizes the importance of balancing fiscal policies with monetary policy to support economic recovery.
To achieve this balance, the CES recommends several measures. Firstly, it suggests completing the Banking Union to prevent financial instability. Secondly, it advocates advancing the Capital Market Union to mobilize private capital for investments. Lastly, it calls for implementing new European taxes to generate revenue for Member States. Furthermore, it recommends developing a common industrial policy to enhance competitiveness at an international level and promote economic activity within the EU.
In conclusion, the CES stresses that valuing European human capital is essential for sustainable economic growth. It also advocates incorporating a gender perspective into investments and focusing on areas like child poverty to ensure economic and social returns. Overall, it urges that a holistic approach should be taken towards economic recovery and sustainability in order to achieve a fair and effective economic strategy.
The CES raises concerns about recent changes in European fiscal rules implemented underlining that they do not fully address issues faced by previous systems.
The Economic And Social Council (CES) has issued a report highlighting its concerns regarding recent changes in European fiscal rules.
Recent changes in European fiscal rules have been implemented but raise concerns among experts at Economic And Social Council (CES).
According to recent research by Economic And Social Council (CES), new European fiscal rules have both positive aspects but face challenges due to its complexity and reliance on variables not directly observable.
Acknowledging these challenges raised by CES in its report highlights need for reforms in European mechanisms increase investment at an EU level complement national fiscal policies addressing current macroeconomic challenges.
To achieve this balance recommended by CES is completing Banking Union preventing financial instability advancing Capital Market Union mobilizing private capital investments implementation of new EU taxes generating revenue Member States developing common industrial policy enhancing competitiveness international level promoting economic activity within EU.
In conclusion emphasized by CES is valuing human capital essential sustainable economic growth incorporating gender perspective into investments focusing areas like child poverty ensuring returns overall urged holistic approach towards achieving fair effective economic strategy within EU context
