This Study brings light to the economic factors that contribute to sustainable growth in the European Union (EU) and investigates the political feasibility of economic reforms enhancing such factors. It also explores the aspects influencing competitiveness and fostering convergence and cohesion at EU and Member State levels.
Twenty-one months into deep recession a new and untried Coalition government chose deficit reduction and welfare-to-work as its main priorities, confronting the UK’s numerically weakened trade union movement in its public sector heartlands over pensions, pay and jobs.
"Achieving sustainable growth in a competitive world is challenging. The challenge is even greater for the European Union, as the Old Continent faces a severe competitiveness deficit. Without entering into a health review, that could be delivered at a further stage, of each of the 28 Member States, the ambition of this study is to draw-up a comprehensive picture of EU economic growth.
Small and medium-sized enterprises (SMEs) are the backbone of the EU economy. According to Commission estimates, the overall contribution of SMEs to EU-27 value added was more than 57% (EUR 3.4 trillion) in 2012. Although the role of SMEs in the EU economy is crucial and their well being should be a priority for European policymakers, they struggle with access to finance, especially in the countries severely hit by the crisis. The Greek experience can and should be taken as a case study and conclusions drawn on how to improve the system for the future.
The social dimension of the EU economy is a fact, not something that needs to be created. The nature of the single market is social; many of the benefits it creates are par excellence part of the social dimension.Improving Europe’s competitiveness and stimulating greater growth are just two essential conditions needed to further develop the social dimension of the EU. A strong economy resolves the problem of high unemployment much faster than new funds or administrative measures could.
EESC calls on EU policymakers to incentivise growth in European beer sector