Euro area economic policy 2021 - Related Opinions
This year’s Annual Sustainable Growth Survey outlines the policy priorities in the coming year and provides guiding principles for implementing them in the 2022 European Semester cycle. The European Semester provides a well-established framework for coordinating the economic and employment policies of the Member States and will continue to play this role in the recovery phase and in advancing on the twin transitions. Like in previous years, the policy priorities will be structured around the four dimensions of competitive sustainability and in line with the Sustainable Development Goals. The Communication also sketches out the main characteristics of the 2022 European Semester cycle and explains the main changes compared to previous cycles, taking into account the need to adapt to the processes under the Recovery and Resilience Facility.
Informationsvermerk: Annual Sustainable Growth Survey 2022
This additional opinion updates and complements the proposals made in the original ASGS opinion, adopted in February this year. The EESC welcomes the step forward towards embracing a more social, inclusive and sustainable economic model, particularly given the economic and social effects of COVID-19. To support the economic recovery and public investment, and in support of a digital and green transformation, the EESC believes that a revision of the Stability and Growth Pact, flexibility in state aid rules and a rethink of tax policy is necessary. Well-resourced public health measures and social security systems are likewise of vital importance. The EESC also welcomes the Commission's proposals for Next Generation EU and sees the ASGS as an opportunity for the EU to shift towards an economic model that gives equal weighing to both economic and social objectives.