The EU enjoys the status of a global trade powerhouse. It is thereby uniquely positioned to shape the development of a rules-based global trading system and influence its external growth.
The recent economic and political developments in Europe are a wake-up call for our leaders to take swifter action in order to strengthen the foundations of our Union, including the fragile political and institutional architecture underpinning the euro, thus ensuring lasting stability and prosperity for the people of Europe.
Transition to a circular economy is a must if we are to protect our planet, but also if we are to increase the competitiveness of European industry. This is a long-term process that will require numerous initiatives at European, national and regional level. Companies see the circular economy as an opportunity. "Going green" is beneficial not only for the environment, but also for businesses, providing real savings in terms of raw materials, water and energy.
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.