Authors Iain Begg | Gabriel GlÃ¶ckler | Anke Hassel ... - The Europaeum

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esurgence of long-term unemployment, preserving vulnerable human capital and forms of job-sharing will be back on the policy agenda, yet the trick this time will be to avoid the pitfalls such as early retirement schemes that reduced labour supply and ramped up social protection bills. Purposes fit for the times: EU competitiveness and climate action In confronting the actual or perceived trade-off between sustainable development and competitiveness, the EU has a pivotal role to play, but it is one that calls for careful definition. Under any plausible scenario, the EU will have neither the political capital nor the administrative or financial resources to expand its governance activity greatly, and must therefore make some hard choices. By orientating its co-ordinating role around a low-carbon leitmotif, the EU could project itself as having a purpose fit for the times and one that could, moreover, be expected to resonate with citizens. The underlying challenge will be to overcome the false dichotomy between the wealth creating and quality of life/distributive aims of the various EU level economic governance processes. More generally, a question central to this Policy Network initiative of whether there are pros and cons of further EU integration in promoting sustainable development has to be confronted. In this regard, a central underlying issue is how and to what extent a co-ordinated process adds value. The benefits from an organised process at EU level stem from diverse elements such as the strength of common goals, the salience and even the constitutional position. Climate change is an area that ticks many of the boxes for the sorts of challenges for which the EU should play a prominent co-ordinating role. So too does offering a supportive framework for recovery from the recession. Putting in place a convincing smart growth strategy will require innovation in a range of policy domains and implies a search for policy synergies. One of the principal synergies that a strategy for the next decade can develop is between competitiveness and action to counter climate change. Such a smart growth strategy can help to generate new markets in which the EU can aspire to lead in producing low carbon goods products, in much the same way as EU companies benefited from the GSM standard for mobile telephony. Improved energy productivity can, in parallel, lower costs in a world in which the price of energy seems certain to remain higher than in earlier decades, whether because of policy choices to increase the cost of carbon or because regulatory interventions steer demand to higher cost alternative energies. In either case, an economy which is able to raise 160 After the crisis: A new socio-economic settlement for the EU
substantially the proportion of low energy-use assets will gain. To end on an optimistic note: sustainable development and competitiveness are not condemned to be incompatible. Over to you, President Barroso. Chapter 11 – Iain Begg 161
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Authors Iain Begg | Gabriel Glöckl
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Published in 2009 by Policy Network
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4 After the crisis: A new socio-eco
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6 After the crisis: A new socio-eco
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Simona Milio is associate director
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Chapter 10 Simona Milio ...........
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Before the crash: the EU as a parti
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liberalisation. The City of London
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of the Financial Services Action Pl
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confidence and world trade, to whic
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following the ECJ’s controversial
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signals are in place to promote a n
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need to be constructed to create ac
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or indeed re-impose, what they rega
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Markets with rules The overall conc
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30 After the crisis: A new socio-ec
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Target financial stability The EMU
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Belgium, the Netherlands and Luxemb
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mortgage banks and the insurance se
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financial market rules. The ESFS au
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prudential regulation - though only
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initiatives vis-à-vis ratings agen
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Even if membership in a monetary un
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emained relatively contained to spe
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The second channel of functional sp
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But even so, the depth and intensit
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governance in the EU and the euro a
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in the EU show, authorities at the
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factors will remain prevalent and b
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centralised decision-maker. Similar
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(GNI), the interests of the member
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terms only very slowly and as a per
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policy proposal asks itself what th
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ensure that a ceiling is put on the
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Reform of EU expenditure Spending 4
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The medium-term financial framework
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unanimity. The need to obtain the c
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therefore, was weakening the Europe
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for the signing of the strict and d
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Since then, member states have name
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in the world monetary system. It al
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a Treaty that not only ignores trad
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Firstly, they should include policy
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emanate from demographic trends. Ho
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Furthermore, the Lisbon agenda may
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Strengthening, if not really crafti
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incentives in the welfare schemes a
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security, yet at a lower cost than
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102 After the crisis: A new socio-e
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asis only in the 1990s, and over th
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in an increasingly global age the
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So what kind of social role for the
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Page 132 and 133: will be reinforced rather than cont
Page 134 and 135: Where do we come from? The EU agend
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Page 166 and 167: 22 Financial Services Authority (FS
Page 168 and 169: 7 This idea is not new. The 1970 We
Page 170 and 171: 33 Arpaia, Alfonso, Declan Costello
Page 172 and 173: 9 See Garabiol-Furet, M.-D. (2006)
Page 174 and 175: Chapter 11 1 Victor, D.G. (2006)
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Authors Iain Begg | Gabriel GlÃ¶ckler | Anke Hassel ... - The Europaeum

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