The Need for Decisive Political Action to Autonomous Growth in the Member States of The European Union Cover Image

Необходимостта от решителни политически действия за автономен растеж в държавите членки на Европейския съюз
The Need for Decisive Political Action to Autonomous Growth in the Member States of The European Union

Author(s): Magdalena Kasnakova
Subject(s): Politics / Political Sciences, Politics, Economy, Supranational / Global Economy, Economic policy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Political Action; Government; European Union; Growth
Summary/Abstract: This report provides an overview of the current specific recommendations for economic reforms in the member states by the European Commission in the framework of European semester 2015. The attention is exclusively focusing on the Member States, which need to take decisive policy measures and implement specific monitoring by the European Commission. The author argues that the enhanced coordination at European level leaves enough political space for national governments who are, expected to undertake decisive political action in order to achieve autonomous growth. The national governments need to demonstrate and justify their political commitment to get over the macroeconomic imbalances and achieve economic recovery in their national reform programs and macroeconomic policies. At EU level, the decisive political action means the following: creation of new general and special laws, legislative amendments to the existing regulatory framework, fast and effective transposition of European directives, development and effective implementation of national strategies and programs for structural reforms as well as preparation of detailed and manageable plans. At the same time in order to achieve decisive policy action, justified key national targets for autonomous recovery should be set. The report has the character of a synthetic overview of the current state of the economic governance in the European Union and the role of the national governments in achieving sustainable economic growth, according to the priorities set out in the strategy "Europe 2020".

  • Page Range: 135-144
  • Page Count: 10
  • Publication Year: 2016
  • Language: Bulgarian