Stimulating growth to increase jobs
At a high level, this committee aims to stimulate growth and, thereby, increase jobs across Europe by promoting stability and investment. It advocates a free but responsible financial market that operates within a clear legal framework.
We successfully pushed for greater fiscal discipline in Europe to avoid public debt spinning out of control. We were also the driving force behind reforms aimed at increasing competitiveness, advocating more pooling of financial resources among the EU Member States.
With irresponsible lending practices by banks, poor management and insufficient regulation of the financial sector having triggered past economic and financial crises, the EPP Group pushed hard for the creation of three new European control bodies to supervise banks, financial markets, pension funds and insurance companies. We now need to ensure legislation on banking reform, financial crime and to promote investment that is properly implemented. We will continue pushing to mobilise private investment.
Other related content
“We are now all more conscious than ever of the threat posed by hackers to European citizens, i...
For the EPP Group, a credible economic governance framework is based on sound rules and their...
The EPP Group wants a portion of EU money to be given to Member States earlier to finance a faster transition...