European Semester 2014: strengthening the recovery

EU News 469/2013

Brussels, 13 November 2013
IP/13/1064

The biggest challenge now facing Europe's economy is how to sustain the recovery that is now underway. This is the main message of this year’s Annual Growth Survey (AGS), adopted today by the Commission. Its adoption kicks off the fourth European Semester of economic policy coordination in an environment where growth is beginning to return and Member States are making progress on correcting the imbalances that developed before the crisis.

That is why the Commission maintains its balanced strategy for growth and jobs, and its focus on five main priorities over the coming year:

- Pursuing differentiated, growth-friendly fiscal consolidation

- Restoring bank lending to the economy

- Promoting growth and competitiveness for today and tomorrow

- Tackling unemployment and the social consequences of the crisis

- Modernising public administration

Source and additional information:
http://europa.eu/rapid/press-release_IP-13-1064_en.htm?locale=en

Olli Rehn, José Manuel Barroso and László Andor (from left to right) Date: 13/11/2013 Reference: P-024368/00-01 Location: Brussels - EC/Berlaymont (C)EU, 2013 URL

 

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