Future economic policy must be in line with the European Green Deal, says the European Economic and Social Committee (EESC). The Committee urges EU Member States to make sustainable economic growth the top priority for European and national economic policies in 2020 and beyond and recommends complementing the current accommodative monetary policy of the European Central Bank (ECB) with a cautiously expansive fiscal policy at euro area level.
Following their participation in the 2020 European Parliamentary Week, a group of left-wing MEPs and members of national parliaments have issued the following declaration that demands a new set of environmental, economic and social policies for radically transforming our society.
MEPs and members of national parliaments kicked off their two-day yearly gathering on Tuesday, dedicated to discussing EU economic governance.
The Winter 2020 Economic Forecast published today projects that the European economy is set to continue on a path of steady, moderate growth. The euro area has now enjoyed its longest period of sustained growth since the euro was introduced in 1999.
The forecast projects that euro area gross domestic product (GDP) growth will remain stable at 1.2% in 2020 and 2021. For the EU as a whole, growth is forecast to ease marginally to 1.4% in 2020 and 2021, down from 1.5% in 2019.
MEPs on Wednesday asked the European Central Bank to step up its green credentials and address growing financial technology challenges.