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Public Debt

The 7Ds for Sustainability

Date of Editorial Board meeting: 
Publication date: 
Sunday, April 30, 2023
Abstract in English: 
The Wilfried Martens Centre for European Studies (WMCES) would like to contribute to a reflection process to identify options and concrete proposals for political action on the European level for the next legislature 2024-2029 in these 7 key areas:
defence, debt, digitalisation, demography, democracy, de-carbonisation and de-globalisation. They also represent policy fields in which the European People’s Party identifies its core competencies as a political force.
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Number of pages: 
20
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Global Economic Prospects, January 2021

Date of Editorial Board meeting: 
Publication date: 
Friday, January 1, 2021
Abstract in English: 
Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged period. Several risks cloud the outlook, including those related to the pandemic and to rapidly rising debt. The pandemic has further diminished already-weak growth prospects for the next decade. Decisive policy actions will be critical in raising the likelihood of better growth outcomes while warding off worse ones. Immediate priorities include supporting vulnerable groups and ensuring a prompt and widespread vaccination process to bring the pandemic under control. Although macroeconomic policy support will continue to be important, limited fiscal policy space amid high debt highlights the need for an ambitious reform agenda that bolsters growth prospects. To address many of these challenges, global cooperation will be key.
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234
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The economic potential of the ten-point Juncker Plan for growth without debt

Date of Editorial Board meeting: 
Publication date: 
Tuesday, December 9, 2014
Abstract in English: 
These guidelines correspond to a significant degree to policy priorities established by the Members of the European Parliament during the seventh parliamentary term through a large number of reports and resolutions which received broad support in the plenary. President Juncker's ten points are also broadly in line with several of the objectives set out in the 'Strategic Agenda for the Union in Times of Change', adopted in the European Council in June 2014 when it proposed Mr Juncker to the Parliament as its candidate for President of the Commission.
The potential economic benefits of new European-level action may be measured in terms of additional gross domestic product (GDP) generated or in savings in (current or potential) public expenditure or other expenditure, through a more efficient allocation of resources in the economy as a whole.
The analysis set out in this document suggests that there could be very significant economic gains of these kinds, amounting in time to a maximum achievable potential gain of approximately €1.7 trillion per year, on the basis that Mr Juncker's ten priorities were to be fully implemented in a form consistent with various policy requests made to date by the Parliament.
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84
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