Progress: Procedure completed
| Role | Committee | Rapporteur | Shadows |
|---|---|---|---|
| Lead | ECON |
STARKEVIČIŪTĖ Margarita ( ALDE)
|
|
| Committee Opinion | FEMM |
Lead committee dossier:
Legal Basis:
RoP 54
Legal Basis:
RoP 54Events
The European Parliament adopted a resolution based on an own-initiative report drafted by Margarita STARKEVIČIŪTĖ (ADLE, LT) on the adoption by the Council of new broad guidelines for economic policies (launching the new cycle 2008-2010). The resolution was adopted by 519 votes for, 102 against and 31 abstentions.
Securing growth and macroeconomic stability : MEPs believe that, in 2008, the EU needs to enhance its growth potential in order to be able to generate employment, particularly in the light of its enlargement to 27 Member States.
The report also notes that growing imbalances, aggregate demand and global inflationary pressure may become a significant challenge for monetary policy given the prolonged uncertainty on financial markets. It also draws attention to the high levels of the Euro exchange rate that harm the competitiveness of the European economy.
In this context, MEPs stress the need for a sound fiscal policy as a pre-condition for sustained growth and job creation. In most countries, consolidation of public finances could help keep intact the long-term fiscal sustainability, as well as the modernisation of public administration as a source for improving efficiency and effectiveness of public finances. MEPs add that in the interest of macroeconomic stability, the rise in productivity must go hand-in-hand with a fairer distribution of the benefits of growth and a strengthening of social cohesion. Parliament draws attention, in this connection, to the call for the rise in incomes to keep pace with medium-term growth in productivity.
Sound financial markets: Parliament points out that a well-integrated financial system might enhance the efficiency of monetary policy, especially in the euro area. It believes that financial markets can make a substantial contribution to macroeconomic and fiscal sustainability, and suggests examining specific financial market guidelines linked to an improved understanding of possible further financial crises and to improved transparency, responsibility and supervision for investors, markets and regulators.
Stressing the interdependence of Member States' economies, especially in the euro area, Parliament considers that the Integrated Guidelines should set a broad framework for closer economic policy coordination to align NRPs. It suggests a more sensitive approach towards convergence, which reflects economic diversity and differing traditions in order to strengthen broad-based support for the common EU project. Stimulating private investment and joint initiatives in the area of private and public cooperation, while respecting financial consolidation, can unleash substantial synergies, improve Europe's ability to meet the existing challenges in the fields of science and research, transport and communication, energy and environmental sustainability and will support the efficient allocation of resources throughout Europe.
External agenda: in order to promote European competitiveness in a globalised world, MEPs consider it necessary to develop the external dimension of the internal market, with the aim of shaping globalisation rather than passively adapting to it. To do this, it is necessary to enhance strategic cooperation with international partners, particularly through the transatlantic relations, and working together within stronger multilateral organisations by promoting core EU principles - solidarity, democracy, rule of law and respect for human rights. In the belief that protectionism undermines rather than protects consumers' and citizens' rights, MEPs call for measures to combat protectionism both inside and outside the EU.
Regaining business dynamism : the development and use of clean technologies as well as "greening" public procurement can contribute to the strengthening of synergies between environmental protection and economic growth. It stresses the role of market-based instruments in delivering the targets set at the 2007 Spring European Council to transform Europe into an energy-efficient and renewable based economy. Shifting the tax burden from labour to environmental degradation is an effective way to address both environmental and employment issues. Parliament considers that in the context of rising food prices that appear to be permanent rather than cyclical, the mechanisms of the Common Agricultural Policy (CAP) that constrain supply should be revised; believes that the CAP can play a key role in stabilising food prices.
MEPs call for accelerated integration of the services market and underline the necessity to open up the network industries for competition. The delivery, at affordable prices, of effective services of general economic interest has an important role to play in a competitive and dynamic economy. In addition, MEPs believe that a coordinated fiscal framework, including corporate tax arrangements, is necessary. These should be favourable to companies, in particular SMEs, and geared to renewing growth and generating employment. Parliament goes on to state that, in terms of state funding, the EU must promote tax arrangements in order to encourage the creation of new businesses and technological innovation. This might involve, inter alia, a reduction in taxes that undermine efficiency and job creation, particularly for specific social groups such as women, the long-term unemployed and the elderly.
Investing in people and modernising labour markets : MEPs consider that active labour policies should combine "flexicurity" orientated policies with new forms of security, including motivation for active job searching. Emphasis should be placed on better anticipation and positive management of change, including economic restructuring, to minimise social exclusion and facilitate adaptation.
MEPs also recommend more effective measures to be implemented by the EU and Member States to invest more in education and improve access to education and training for all. Lastly, they underline that promoting growth and cooperation with third countries, and further economic openness of the European Union, remains vital for the purpose of well-managed migration flows and fight against illegal immigration.
In the light of the recommendations in the report, MEPs proposed a number of specific amendments to the current economic guidelines, and adds a new clause on the completion of a transatlantic market.
The Committee on Economic and Monetary Affairs adopted an own-initiative report by Ms Margarita STARKEVIČIŪTĖ (ADLE, LT) on the adoption by the Council of new broad guidelines for economic policies (launching the new cycle 2008-2010).
Securing growth and macroeconomic stability: MEPs believe that, in 2008, the European Union needs to enhance its growth potential in order to be able to generate employment, particularly in the light of its enlargement to 27 Member States.
The report also notes that growing imbalances, aggregate demand and global inflationary pressure may become a significant challenge for monetary policy given the prolonged uncertainty on financial markets. It also draws attention to the high levels of the Euro exchange rate that harm the competitiveness of the European economy.
In this context, MEPs stress the need for a sound fiscal policy as a pre-condition for sustained growth and job creation. In most countries, consolidation of public finances could help keep intact the long-term fiscal sustainability, as well as the modernisation of public administration as a source for improving efficiency and effectiveness of public finances. MEPs add that the rise in productivity must go hand-in-hand with a fairer distribution of the benefits of growth and a strengthening of social cohesion.
Sound financial markets: convinced that a well-integrated financial system might enhance the efficiency of monetary policy, MEPs believe that effective financial supervision and transparency are essential in order to contain macroeconomic imbalance.
According to the parliamentary committee, the Integrated Guidelines should set a broad framework for closer economic policy coordination to align national reform programmes, while reflecting economic diversity. While respecting financial consolidation, a simultaneous and coordinated approach by the Member States to growth - intensive spending, stimulating private investment and joint initiatives in the area of private and public cooperation - can unleash substantial synergies, improving Europe's ability to meet the existing challenges in the fields of science and research, transport and communication, energy and environmental sustainability.
External agenda: in order to promote European competitiveness in a globalised world, MEPs consider it necessary to develop the external dimension of the internal market, with the aim of shaping globalisation rather than passively adapting to it. To do this, it is necessary to enhance strategic cooperation with international partners, particularly through the transatlantic relations, and working together within stronger multilateral organisations by promoting core EU principles - solidarity, democracy, rule of law and respect for human rights. In the belief that protectionism undermines rather than protects consumers' and citizens' rights, MEPs call for measures to combat protectionism both inside and outside the European Union.
Regaining business dynamism: for the parliamentary committee, the development and use of clean technologies as well as "greening" public procurement can contribute to the strengthening of synergies between environmental protection and economic growth. It stresses the role of market-based instruments in delivering the targets set at the 2007 Spring European Council to transform Europe into an energy-efficient and renewable based economy. Shifting the tax burden from labour to environmental degradation is an effective way to address both environmental and employment issues.
MEPs also call for accelerated integration of the services market and underline the necessity to open up the network industries for competition. The delivery, at affordable prices, of effective services of general economic interest has an important role to play in a competitive and dynamic economy. In addition, MEPs believe that a coordinated fiscal framework, including corporate tax arrangements, is necessary. These should be favourable to companies, in particular SMEs, and geared to renewing growth and generating employment.
Investing in people and modernising labour markets: MEPs consider that active labour policies should combine "flexicurity" orientated policies with new forms of security, including motivation for active job searching. Emphasis should be placed on better anticipation and positive management of change, including economic restructuring, to minimise social exclusion and facilitate adaptation.
MEPs also recommend more effective measures to be implemented by the EU and Member States to invest more in education and improve access to education and training for all. Finally, they underline that promoting growth and cooperation with third countries, and further economic openness of the European Union, remains vital for the purpose of well-managed migration flows and fight against illegal immigration.
In the light of the recommendations in the report, MEPs proposed a number of specific amendments to the current economic guidelines.
The Council held a policy debate on the next three-year cycle of the EU's Lisbon strategy for growth and jobs (2008-10), to be launched by the European Council at its meeting on 13 and 14 March.
The debate covered the following elements:
a report from the Commission on the renewed Lisbon strategy and the launch of the new cycle; “ Keeping up the pace of change; draft broad economic policy guidelines (BEPGs) for the 2008-10 period; draft country-specific integrated recommendations; a proposal for a new Community-level Lisbon strategy programme for the 2008-10 period.
The Commission suggests that the main focus of the new three-year cycle be on implementation and delivery of reforms, given that the Lisbon strategy is now considered to be delivering on its objectives. The four current pillars of the strategy – knowledge and innovation, employment, the business environment and energy and climate change – continue to be valid. And whilst evolving challenges need to be addressed, the current guidelines are not considered to require a fundamental overhaul.
Nevertheless, implementation of reforms and recommendations needs to be improved in a number of areas. These include research, innovation mechanisms, SMEs, the single market, the modernisation of public administration, education and skills, "flexicurity" (flexibility and security on labour markets), social inclusion, territorial cohesion, energy, climate change, visibility of the social dimension, and the sustainability and quality of public finances.
The Lisbon strategy is implemented under national reform programmes for the member states, with a Community-level Lisbon programme to complement these.
The Council is scheduled to approve, at its meeting on 4 March, a report to the European Council on the BEPGs and on the country-specific recommendations.
Documents
- Commission response to text adopted in plenary: SP(2008)1857
- Commission response to text adopted in plenary: SP(2008)1767
- Results of vote in Parliament: Results of vote in Parliament
- Decision by Parliament: T6-0058/2008
- Debate in Parliament: Debate in Parliament
- Committee report tabled for plenary, single reading: A6-0029/2008
- Committee report tabled for plenary: A6-0029/2008
- Debate in Council: 2844
- Amendments tabled in committee: PE400.308
- Committee draft report: PE398.678
- Committee draft report: PE398.678
- Amendments tabled in committee: PE400.308
- Committee report tabled for plenary, single reading: A6-0029/2008
- Commission response to text adopted in plenary: SP(2008)1767
- Commission response to text adopted in plenary: SP(2008)1857
Activities
- Margarita STARKEVIČIŪTĖ
Plenary Speeches (4)
- 2016/11/22 (A6-0029/2008, Margarita Starkevičiūtė) Broad Economic Policy Guidelines for 2008-2010 (vote)
- 2016/11/22 (A6-0029/2008, Margarita Starkevičiūtė) Broad Economic Policy Guidelines for 2008-2010 (vote)
- 2016/11/22 Lisbon Strategy - Broad Economic Policy Guidelines for 2008-2010 (debate)
- 2016/11/22 Lisbon Strategy - Broad Economic Policy Guidelines for 2008-2010 (debate)
- Pervenche BERÈS
Plenary Speeches (2)
- Jan ANDERSSON
Plenary Speeches (1)
- Inés AYALA SENDER
Plenary Speeches (1)
- Zsolt László BECSEY
Plenary Speeches (1)
- Johannes BLOKLAND
Plenary Speeches (1)
- Philip BUSHILL-MATTHEWS
Plenary Speeches (1)
- Charlotte CEDERSCHIÖLD
Plenary Speeches (1)
- Lena EK
Plenary Speeches (1)
- Emanuel Jardim FERNANDES
Plenary Speeches (1)
- Elisa FERREIRA
Plenary Speeches (1)
- Ilda FIGUEIREDO
Plenary Speeches (1)
- Robert GOEBBELS
Plenary Speeches (1)
- Donata GOTTARDI
Plenary Speeches (1)
- Françoise GROSSETÊTE
Plenary Speeches (1)
- Gábor HARANGOZÓ
Plenary Speeches (1)
- Malcolm HARBOUR
Plenary Speeches (1)
- Rebecca HARMS
Plenary Speeches (1)
- Gyula HEGYI
Plenary Speeches (1)
- Edit HERCZOG
Plenary Speeches (1)
- Karsten Friedrich HOPPENSTEDT
Plenary Speeches (1)
- Mikel IRUJO AMEZAGA
Plenary Speeches (1)
- Anneli JÄÄTTEENMÄKI
Plenary Speeches (1)
- Piia-Noora KAUPPI
Plenary Speeches (1)
- Tunne KELAM
Plenary Speeches (1)
- Wolf KLINZ
Plenary Speeches (1)
- Sergej KOZLÍK
Plenary Speeches (1)
- Guntars KRASTS
Plenary Speeches (1)
- Rodi KRATSA-TSAGAROPOULOU
Plenary Speeches (1)
- Klaus-Heiner LEHNE
Plenary Speeches (1)
- Patrick LOUIS
Plenary Speeches (1)
- Edward MCMILLAN-SCOTT
Plenary Speeches (1)
- Helmuth MARKOV
Plenary Speeches (1)
- Gay MITCHELL
Plenary Speeches (1)
- Cristobal MONTORO ROMERO
Plenary Speeches (1)
- Lambert van NISTELROOIJ
Plenary Speeches (1)
- Reinhard RACK
Plenary Speeches (1)
- Bilyana Ilieva RAEVA
Plenary Speeches (1)
- Dariusz ROSATI
Plenary Speeches (1)
- Wojciech ROSZKOWSKI
Plenary Speeches (1)
- Eoin RYAN
Plenary Speeches (1)
- Antolín SÁNCHEZ PRESEDO
Plenary Speeches (1)
- Margaritis SCHINAS
Plenary Speeches (1)
- Olle SCHMIDT
Plenary Speeches (1)
- Esko SEPPÄNEN
Plenary Speeches (1)
- José Albino SILVA PENEDA
Plenary Speeches (1)
- Czesław Adam SIEKIERSKI
Plenary Speeches (1)
- Kathy SINNOTT
Plenary Speeches (1)
- Bogusław SONIK
Plenary Speeches (1)
- Marianne THYSSEN
Plenary Speeches (1)
- Silvia-Adriana ȚICĂU
Plenary Speeches (1)
- Jacques TOUBON
Plenary Speeches (1)
- Kyriacos TRIANTAPHYLLIDES
Plenary Speeches (1)
- Adina-Ioana VĂLEAN
Plenary Speeches (1)
- Anne VAN LANCKER
Plenary Speeches (1)
- Frank VANHECKE
Plenary Speeches (1)
- Sahra WAGENKNECHT
Plenary Speeches (1)
- John WHITTAKER
Plenary Speeches (1)
- Andrzej Tomasz ZAPAŁOWSKI
Plenary Speeches (1)
Votes
Rapport Starkevičiūtė A6-0029/2008 - am. 23 #
PSE
Verts/ALE
GUE/NGL
NI
IND/DEM
UEN
PPE-DERapport Starkevičiūtė A6-0029/2008 - par. 13/1 #
Rapport Starkevičiūtė A6-0029/2008 - par. 13/2 #
Rapport Starkevičiūtė A6-0029/2008 - par. 13/3 #
Rapport Starkevičiūtė A6-0029/2008 - am. 26 #
Rapport Starkevičiūtė A6-0029/2008 - par. 26/1 #
Rapport Starkevičiūtė A6-0029/2008 - par. 26/2 #
Rapport Starkevičiūtė A6-0029/2008 - am. 32 #
Rapport Starkevičiūtė A6-0029/2008 - am. 10 #
Rapport Starkevičiūtė A6-0029/2008 - am. 33 #
Rapport Starkevičiūtė A6-0029/2008 - am. 34 #
Rapport Starkevičiūtė A6-0029/2008 - am. 35 #
Rapport Starkevičiūtė A6-0029/2008 - cons. D #
Rapport Starkevičiūtė A6-0029/2008 - résolution #
History
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