Within about a year, from 22 until 25
of May 2014, elections will be held for the European Parliament (EP).
In the 27member states of the European Union 754 Members of
Parliament (MP’s) will be elected. The MP’s in the European
Parliament are like in all other parliaments in the world organized
in political party groupings. The European People’s Party
(dominated by Christian Democratic oriented parties) is with 270 MP's
the biggest one in the EP (36%). The other two classical political
movements are represented by the Socialist Grouping having 191 MP’s
(25%) and the Liberal Grouping having 85 MP’s (11%). With the
elections in sight it is time to start to look to the political
programs of the political party groupings in the European Parliament.
We start with the EPP, being the biggest fraction in the European
Parliament.
NO MORE PUBLIC SPENDING
The EPP believes that more public
spending is not the answer on the actual financial and economic
crisis. The EPP does not believe that a further exacerbation of debt
and deficit levels is the right way to create growth in Europe and to
emerge from the crisis. While recent years have shown that more
spending is not the answer, it also has become evident that EU
members that took rapid and strong action to reform and reshape
public expenditure have seen strong economic growth in the last
couple of years. The decline in competitiveness and productivity was
one of the causes of the crisis in Europe. The EU economies can only
compete in a globalised world if they are strong.
SMART PUBLIC INVESTMENTS
Public investments should first and
foremost focus on growth-generating areas, such as education,
research and innovation. Transforming the European economy into a
worldwide competitive knowledge economy is one of the most important
challenges for the European Union in the years to come. Know-how is
central to economic growth and job creation, therefore, the best
conditions must be created for transforming our society into a
knowledge society. Research and innovation, especially centres of
excellence, are key elements in this respect. High-quality education,
as well as increased mobility for students and researchers, are
crucial for improving the competitiveness of the European economy.
Public funding for R&D will trigger private investment in
research and innovation and make Europe a global hub for the world’s
best researchers.
PRIVATE CAPITAL
Since the start of the crisis the level
of private investments in the EU has fallen with 350 billion a year.
Creating the right conditions to get these investments back is one of
the most important challenges, says the EPP. Structural reforms are
pivotal to improving the conditions for investment, to attracting
private capital and to creating the right conditions for economic
growth.
LABOUR MARKET REFORMS
The EPP believes that labour markets
need to be reformed in order to promote a greater number of people
working more and at an older age. High levels of unemployment, and
particularly youth unemployment, are a danger for social cohesion and
for European integration. An inclusive and active employment policy
is needed, better education and better qualifications for the
European citizens as well as modern, life-long learning concepts in
order to provide access to high-quality jobs. Labour market mobility
should be encouraged to allow all citizens to benefit from the
largest economy in the world. Remaining legal barriers that hinder
labour mobility across all EU Member States must be removed. The EPP
wants a better European coordination to provide relevant training to
unemployed people, not least to benefit from labour mobility in
Europe.
A STRONG EURO WITH A STRONG EU
GOVERNANCE
Profound economic reforms at national
level are needed, while reforming economic governance at European
level. The EU needs strong governance to protect the stability of the
European economy. The euro needs to support the Single Market and
help the EU maximize the benefits of being the biggest economy in the
world. The EU needs strong rules, and these rules have to be
respected. The European Commission shall make full use of its powers
to ensure that EU countries reform and respect already agreed rules
to reduce debt and deficits. The Commission needs effective tools to
sanction those Member States that do not fulfil their obligations.
EUROPEAN BANKING UNION FOR HEALTHY
BANKS
A first set of measures to ensure a
stable banking sector includes the implementation of the single rule
book, i.e. bank capital rules, the recovery and resolution framework,
a rule for national deposit guarantees schemes and a common effective
supervision mechanism. The EPP supports the creation of a European
Banking Union ensuring a common system for supervision and therefore
more stable financial markets.