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Structural reforms and economic governance

Properly implementing structural reforms can have a significant positive effect on long-term growth. Analysis by the OECD suggests that “if countries were to move to best practice in product and labour market policy settings, aggregate output in the Euro-area could rise by more than 6% by 2025”. This would almost halve the per capita gap with the United States by 2030.

Once a year the European Commission proposes country-specific recommendations (CSRs) to member states for budgetary, economic and social policies which are subsequently adopted by the Council.

BusinessEurope member federations believe that 89% of the CSRs they have analysed focus on the right issues for reform in EU member states.

However, BusinessEurope's yearly survey of its member federations continues to reveal a lack of consistent reform implementation despite the right objectives for reform. Our member federations conclude that only 22% of CSRs have been implemented satisfactorily - a slight increase compared to the 17% figure observed in 2017.  When considering the additional proportion of CSRs where mixed (i.e. some) progress has been identified, the figure jumps to 70% (compared to 63% last year). While the proportion has fallen from last year, still more than a quarter of CSRs saw no or little progress according to our members.

 

Publications

Position papers Date
Annual growth survey 2019: consultation of European social partners - Employers views 12/10/2018
Further steps towards completing EMU: a roadmap - BusinessEurope position on the Commission communication (6/12/2017) 20/03/2018
Annual growth survey 2018: consultation of European social partners - Employers views 16/10/2017
Business views on the future of Europe's Economic and Monetary Union 02/12/2015
Annual growth survey 2016: consultation of European social partners - Employers views 07/10/2015
Reforming the structure of the EU banking sector - BusinessEurope position paper on the Commission proposal for a regulation on structural measures improving the resilience of EU credit institutions 05/12/2014
Europe 2020 mid-term review: Ensuring delivery - BusinessEurope input to the Commission consultation 17/10/2014
European cross-industry employers contribution to the annual growth survey 2015 15/10/2014
Press releases Date
10 years after crisis: EU recovery slower than US and Canada 21/03/2018
European Commission roadmap for EMU is an important step forward 06/12/2017
Sailing the wind of economic improvements to further strengthen Europe 13/09/2017
Europe must grasp political opportunity to deepen EMU 31/05/2017
2017 Reform Barometer: Many EU members reform too slow 02/03/2017
Take EU Commission reform recommendations seriously 18/05/2016
Crisis-hit EU needs stronger economic base to handle challenges 11/12/2015
2016 Annual Growth Survey provides right focus for a renewed reform effort 26/11/2015
ECB actions must not lead to less reform efforts from Member States - a BusinessEurope press release 22/01/2015
The Commission’s 2014 country-specific recommendations send the right reform messages 02/06/2014
Facts and figures Date
Reform Barometer Spring 2018 - Full list of country results 21/03/2018
BusinessEurope Reform Barometer Spring 2018 - The EU economy 10 years after the start of the crisis 21/03/2018
BusinessEurope Reform Barometer Spring 2017 - Strengthening long-term growth in Europe 02/03/2017
Reform Barometer Spring 2017 - Full list of country results 02/03/2017
BusinessEurope Reform Barometer Spring 2016 - Reform to perform 03/03/2016
Still lacking consistent reform across Europe - BusinessEurope's Reform Barometer Spring 2015 18/03/2015
BusinessEurope Reform Barometer Spring 2014 13/03/2014
Reports and studies Date
BusinessEurope Reform Barometer Spring 2018 - The EU economy 10 years after the start of the crisis 21/03/2018
BusinessEurope Reform Barometer Spring 2017 - Strengthening long-term growth in Europe 02/03/2017
BusinessEurope Reform Barometer Spring 2016 - Reform to perform 03/03/2016
Still lacking consistent reform across Europe - BusinessEurope's Reform Barometer Spring 2015 18/03/2015
BusinessEurope Reform Barometer Spring 2014 13/03/2014
Public letters Date
Completing the EMU - Letter from BusinessEurope President Marcegaglia to European Commission President Juncker 27/11/2017
Deepening EMU and restoring competitiveness in order to support investment - Letter from BusinessEurope President Emma Marcegaglia to Jean-Claude Juncker, President of the European Commission 28/02/2017

Contact

James Watson

Director
Tel:
+32 2 237 65 15
Last updated: 21 March 2018