| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2011) 642 final (14.10.11) |
| Publication Date | 14/10/2011 |
| Content Type | Policy-making |
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The EU economic recovery from the crisis has been relatively slow and remains fragile. Kick-starting the economy and higher growth are necessary to create jobs and wealth, and essential to get the public finances of the Member States onto a sustainable path. The difficult fiscal environment sets limits to policy action, but robust growth will reduce the burden of public deficit and debt, in line with the goals of the Stability and Growth Pact. European industry is of critical importance for the EU as a global economic leader. A competitive industry can lower costs and prices, create new products and improve quality, contributing thus decisively to wealth creation and productivity growth throughout the economy. Industry is also the key source of the innovations required to meet the societal challenges facing the EU. As part of the Europe 2020 strategy, the Commission launched in 2010 an ambitious new industrial policy that highlighted the actions needed to strengthen the attractiveness of Europe as a place for investment and production, including the commitment to monitor Member States’ competitiveness policies. It also outlined a renewed trade policy. This Communication is a new yearly initiative that looks specifically at the competitiveness of the Member States, based on the European Competitiveness Report 2011 and the Member States’ Competitiveness Performance and Policies. It will contribute to the evaluation of the Member States under the broader framework of the European semester and Europe 2020. More detailed arguments and EU actions are laid down in the documents accompanying this Communication. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2011:0642:FIN:EN:PDF |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
