European Semester for economic policy coordination 2024

Tabled by João Pimenta Lopes, Sandra Pereira, Manu Pineda

Added: -1a. Calls for the repeal of the Stability and Growth Pact, the six-pack and two-pack economic governance legislation, the European Semester, the Fiscal Compact, and all mechanisms that restrict Member States’ room for manoeuvre when promoting public investment, financing public services and their social roles; calls for that pact to be replaced by a Social Progress and Employment Pact that has the following objectives: – respect for the sovereignty of each state, ensuring the conditions for its economic and social development in order to overcome structural deficits and improve its productive capacity; – combating unemployment and encouraging full employment, defending and contributing to strengthening labour and other social rights, safeguarding and promoting collective bargaining and eradicating precariousness; – promoting the defence and strengthening of public services and the social functions of states, particularly access to the right to health, education, social security, housing and culture; – effectively encouraging the achievement of the principles of economic, social and territorial cohesion and environmental sustainability;

Wording as published by the EP, in English. PE760.469