I welcome this article from the European Commission. It’s worth a read. Check it out!
via European Semester 2015: a new momentum for jobs, growth and investment – Employment, Social Affairs & Inclusion – European Commission.
Personally, I fear that the European Commission is doing ‘too little’ and it’s ‘too late’. Under the previous incumbents at the European Commission, there was political agenda of ‘too much austerity for too long’. With Southern Europe brought to its knees by these policies, there was no confidence in the EU. When France favored ‘less austerity’, it brought a collision course with Germany. Now, the newly elected European Commission has a twin task of both structural reform AND economic growth.
Whilst I still have deep misgivings about the European bureaucracy, I commend the new leadership at the European Commission for facing the challenge. However, I would still like to see a fast-track approach to kick-start Europe’s return to growth.