European Semester for economic policy coordination 2026

Tabled by João Oliveira

Added: 14b. Considers it necessary, therefore, to repeal all EU economic governance instruments and mechanisms; calls for those instruments and mechanisms to be replaced by a Social Progress and Employment Pact, the goals of which would be: – respecting each nation’s sovereignty, safeguarding conditions for each country to advance its economic and social development, overcome structural deficits and improve its productive capacity; – tackling unemployment and promoting full employment, upholding and strengthening labour and other social rights, safeguarding and promoting collective bargaining and eradicating precariousness and poverty; – defending and strengthening public services and social benefits provided by states, including access to the rights to healthcare, education, social security, housing and culture; – effectively advancing achievement of the principles of economic and social cohesion and environmental sustainability;

Wording as published by the EP, in English. PE782.977v01-00