The business cycle

A Changing Europe Monitor: Wish list for keeping the EU together

By April 4, 2017 January 16th, 2019 No Comments

On 25 March, the EU leaders met in Rome for the 60th anniversary of the European Union. Only a few days before the UK triggered the (in)famous article 50 of the EU Treaty, the remaining 27 members state came together to pledge that, over the next 10 years, their efforts will concentrate on making Europe safer, more prosperous, more socially cohesive and stronger in the global scene.

Therefore, we have put together our wish list. If the EU is serious about addressing voters’ disillusionment and avoiding another country departure, there are four key areas that need to be reformed, in our view:

  • The attractiveness of the movement of labour within the EU: free, but looking less appealing in future
  • A fiscal framework that allows investment for the future
  • Refining the industrial strategy to support SMEs
  • Monetary policy: remove the negative interest rates, extend QE until end-2018