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We firmly believe in the European Single Market as it is essential for improving Europe's competitiveness. Europe must complete the single market for services while pursuing the digital agenda to ensure it reaches its full potential as a global leader in the digital market.
At the same time, we support the de-carbonisation of Europe without causing de-industrialisation. Europe must enhance its industrial competitiveness while avoiding an excessive regulatory burden on businesses.
Europe also needs to rethink its energy supply. An affordable, sustainable, and secure energy supply is the key to Europe's future. To achieve this, we need a more comprehensive European energy policy. Investments in renewable energy, energy efficiency, and energy infrastructure, especially cross-border projects, should be accelerated to prevent future energy shocks to the EU economy, including investments from the EU Recovery Plan and RePowerEU.
Europe needs a monetary policy that maintains price stability, as it is a powerful tool to fight inflation.
Europe must create a friendly environment for SMEs, providing the best financial and legal conditions for start-up businesses. Companies and small businesses need access to credit at similar and affordable interest rates, including through modern financial instruments such as venture capital, crowdfunding, and project bonds, as well as EU-level and national public procurement and funding.
We also call for an EU framework that allows companies to invest more in research and development. The Multiannual Financial Framework (MFF), for instance, should further focus on innovation, investment, jobs, and growth in Europe. Europe must act responsibly today to avoid overburdening future generations.
The European economy must be committed to the principle of the Social Market Economy, a model that combines social awareness with dynamic market principles, which, in the last decades, has ensured high living standards and social/health benefits to all European citizens in need. Jobs, growth, and business are the three pillars of the Social Market Economy.
The EU must promote preventive measures to support the health of EU citizens, particularly fostering healthy lifestyles. Effective joint EU efforts are needed to decrease the financial and social burdens of non-communicable diseases such as cancer.
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Chair - WG Economy and Environment