Socio-economic and financial governance

The extension of the lessons learned from European construction in economic and social fields remains the main task of the future for improving the convergence of policies and preventing periods of instability, such as the financial crisis which illustrated the interdependence of all Member States. The dream of greater autonomy and a common budgetary capacity for the Eurozone still remains to be achieved. The European Union will have to continue to join forces with the OECD and governments from third countries in order to fight corporate tax evasion which, all too often, continues to undermine public confidence in the European project and harms the good functioning of the Single Market.

In the interest of European citizens, the Banking Union - already well established with new rules and surveillance and resolution mechanisms - will be completed by a common deposit insurance, the third pillar of this project, which seeks to weaken the harmful relationship between public finances and bank bailouts. The benefits of the Single Currency need to be consolidated, not only by a well-considered monetary policy of the Central European Bank, but also, through structural reforms and budgetary discipline which are the responsibility of the Member States.

A structure adapted to the European Union's budgetary framework should be better able to support its main objectives and policies, and formulate a prompt response to unforeseen events, such as the migrant crisis. Innovative mechanisms, such as the European Fund for Strategic Investments, which already produce good results in terms of investment, should be studied in order to ensure greater flexibility for the common budget.

The increase in workforce mobility will remain key to ensure the competitiveness of European companies, with a focus on the appropriate common responses to the scourge of social dumping. Also, it is hoped that mechanisms such as the Youth Guarantee will help to contain youth unemployment, as well as the implementation of a better targeted skills agenda.

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