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Structural reforms and economic governance

With the economic impact of the pandemic in mind and expected lower EU growth and increased pressure on energy prices, inflation and public finance following the Russian invasion of Ukraine, it is essential that the EU's co-ordinated fiscal stimulus through the Recovery and Resilience Facility (RRF) is fully exploited as a once-in-a-generation opportunity to transform the EU economy and boost long-term growth in the EU.

The European Council consisting of the heads of state and government of EU Member States reached a political agreement in July 2020 to establish a €750 recovery plan dubbed "Next Generation EU" to mitigate the impact of the COVID-19 on the European economies.  Its largest component, the Recovery and Resilience Facility, was established in an EU regulation adopted in February 2021. It consists of €312.5 grants allocated to Member States following an allocation key that considers population size, GDP and employment situation. Countries can additionally request loans, with a total of €360 bn available through the Recovery and resilience Facility.

In order to access funding from the Recovery and Resilience Facility, Member States have presented National Recovery and Resilience Plans. The plans describe how the money will be spent and must correspond to the requirements of the regulation establishing the facility. As of 1 March 2022, 26 Member States have submitted national plans, and 22 have been approved so far, with €47 bn in grants and €20 bn in loans already disbursed.

Publications

Reports and studies Date
BUSINESSEUROPE Reform Barometer 2022 - Taking stock of the EU's competitiveness after 2 years of the pandemic 23/03/2022
BUSINESSEUROPE Reform Barometer 2021 - Ensuring national recovery and resilience plans deliver investment and reform 11/06/2021
BUSINESSEUROPE Reform Barometer 2020 - After crisis response, reforms will be needed to return to growth trajectory 25/03/2020
BusinessEurope Reform Barometer 2019 - Building an EU for European businesses to succeed globally 20/03/2019
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
Facts and figures Date
BUSINESSEUROPE Reform Barometer 2022 - Taking stock of the EU's competitiveness after 2 years of the pandemic 23/03/2022
Reform Barometer 2022 - Full list of country results 23/03/2022
BUSINESSEUROPE Reform Barometer 2021 - Ensuring national recovery and resilience plans deliver investment and reform 11/06/2021
Reform Barometer 2021 - Full list of country results 11/06/2021
BUSINESSEUROPE Reform Barometer 2020 - After crisis response, reforms will be needed to return to growth trajectory 25/03/2020
Reform Barometer 2020 - Full list of country results 23/03/2020
BusinessEurope Reform Barometer 2019 - Building an EU for European businesses to succeed globally 20/03/2019
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
Press releases Date
Economic governance must put public finances on sustainable footing 19/10/2021
EU’s €750 billion recovery instrument needs stronger focus on investments 11/06/2021
Determined financial and non-financial European response essential to overcome corona crisis 27/05/2020
EU recovery fund should restore business confidence 26/05/2020
EU falling behind in creation of world-leading companies 20/03/2019
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
Position papers Date
Annual sustainable growth strategy 2022: consultation of European social partners - Employers views 13/10/2021
EU economic governance review - a BusinessEurope position paper 21/05/2021
Recommendations for the ECB's strategic review 21/01/2021
Annual growth survey 2020: consultation of European social partners - Employers views 17/10/2019
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
Public letters Date
Response from BusinessEurope to the European Commission consultation on the draft resilience dashboards - Letter from Markus J. Beyrer to Vice-President Maroš Šefčovič 30/09/2021
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: 23 March 2022