European Parliament MEPs Advocate for Enhanced Competitiveness and Social Standards
A recent resolution emphasizes the need for increased investment, reduced government deficits, and strengthened labor protections across the EU.
In a significant resolution addressing economic policy coordination, Members of the European Parliament (MEPs) have called for heightened public and private investments to bridge the investment gap, improve competitiveness, and foster entrepreneurship within the European Union.
The resolution underscores the necessity of pursuing these objectives alongside the maintenance of social cohesion and a high standard of living across member states.
The MEPs expressed concerns regarding sluggish economic growth and potential turbulence in the economic landscape.
They urged member states to take measures to decrease excessive government deficits and issued warnings regarding the ongoing rise in housing prices in various regions.
For the first time, MEPs are set to conduct a review of the EU’s economic governance framework following its comprehensive overhaul planned for 2024. The resolution calls for greater implementation of recommendations provided to member governments, noting insufficient consultations with national fiscal watchdogs.
Additionally, MEPs urged the European Commission to enhance its debt sustainability assessments for each member state, recognizing their fundamental role in the effective operation of economic governance mechanisms.
The resolution prepared by MEP Fernando Navarrete Rojas from the European People's Party (EPP) received broad support, with 469 votes in favor, 162 against, and 54 abstentions.
In the area of employment and social priorities, another resolution highlighted the significance of reducing the administrative burdens faced by businesses while simultaneously safeguarding labor and social standards.
MEPs posited that augmented support for small and medium-sized enterprises (SMEs) could catalyze innovation and generate high-quality job opportunities.
Moreover, they pointed to the potential of stronger social economy enterprises to foster quality employment and propel the circular economy.
According to the report, fiscal policies within the framework of the European Semester should ensure that investments align with sustainable growth objectives and uphold the principles of the European Pillar of Social Rights (EPSR).
Key areas of focus include affordable housing, healthcare, and education.
MEPs have called upon the European Commission to advance the implementation of the EPSR and welcomed the impending action plan intended to enhance social progress within the EU.
To mitigate labor shortages, MEPs stressed the necessity for investments aimed at improving education and training programs, advocating for increased emphasis on skills development within the workforce.
The report also acknowledged the growing importance of new technologies, including artificial intelligence (AI), prompting a call for the Commission to propose regulations governing the application of AI in workplace settings.
In relation to affordable housing, MEPs have requested the introduction of measures to encourage housing investments.
This resolution was also prepared by MEP Maravillas Abadía Jover of the EPP, garnering 351 votes in favor, 260 against, and 70 abstentions.
The resolution underscores the necessity of pursuing these objectives alongside the maintenance of social cohesion and a high standard of living across member states.
The MEPs expressed concerns regarding sluggish economic growth and potential turbulence in the economic landscape.
They urged member states to take measures to decrease excessive government deficits and issued warnings regarding the ongoing rise in housing prices in various regions.
For the first time, MEPs are set to conduct a review of the EU’s economic governance framework following its comprehensive overhaul planned for 2024. The resolution calls for greater implementation of recommendations provided to member governments, noting insufficient consultations with national fiscal watchdogs.
Additionally, MEPs urged the European Commission to enhance its debt sustainability assessments for each member state, recognizing their fundamental role in the effective operation of economic governance mechanisms.
The resolution prepared by MEP Fernando Navarrete Rojas from the European People's Party (EPP) received broad support, with 469 votes in favor, 162 against, and 54 abstentions.
In the area of employment and social priorities, another resolution highlighted the significance of reducing the administrative burdens faced by businesses while simultaneously safeguarding labor and social standards.
MEPs posited that augmented support for small and medium-sized enterprises (SMEs) could catalyze innovation and generate high-quality job opportunities.
Moreover, they pointed to the potential of stronger social economy enterprises to foster quality employment and propel the circular economy.
According to the report, fiscal policies within the framework of the European Semester should ensure that investments align with sustainable growth objectives and uphold the principles of the European Pillar of Social Rights (EPSR).
Key areas of focus include affordable housing, healthcare, and education.
MEPs have called upon the European Commission to advance the implementation of the EPSR and welcomed the impending action plan intended to enhance social progress within the EU.
To mitigate labor shortages, MEPs stressed the necessity for investments aimed at improving education and training programs, advocating for increased emphasis on skills development within the workforce.
The report also acknowledged the growing importance of new technologies, including artificial intelligence (AI), prompting a call for the Commission to propose regulations governing the application of AI in workplace settings.
In relation to affordable housing, MEPs have requested the introduction of measures to encourage housing investments.
This resolution was also prepared by MEP Maravillas Abadía Jover of the EPP, garnering 351 votes in favor, 260 against, and 70 abstentions.
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