Publications

Solidarity and cohesion

1 October 2014
Paweł Świeboda (President of demosEUROPA – Centre for European Strategy)


Paweł Świeboda argues that the post-crisis solidarity and cohesion agenda in the EU must focus on restarting the convergence process. The basic objective will be to restore the level-playing field in the Union by completing the EMU with a robust fiscal pillar and elements of a “transfer union”. On the one side, increasing investment to raise aggregate demand is the most pressing task. The other side of the bargain has to do with improving macroeconomic performance, increasing competitiveness and completing structural reforms in the vulnerable countries, for example through labour market reforms, improvements of the institutional and financial infrastructure or the sophistication of business models, altogether combining the objectives of fiscal consolidation with those of growth and equity.

Solidarity and cohesion