the fiscal framework of the European Union has become overly complex because of the need to consider a wide range of changing circumstances, while pursuing several goals, said message the European Commission on Wednesday.
the growth Potential in many member States has not recovered to pre-crisis levels and public debt levels remain too high in some of them, while Europe seeks to become the world's first climate-neutral continent and to exploit new opportunities of the digital age, says the report of the European Commission.
"Our rules have changed significantly since their creation and have yielded positive results. But today they are perceived as too complex and difficult to understand," said Valdis Dombrovskis, Vice-President of the European Commission.
"Economic policy in Europe should solve the problems that we face today, which obviously do not coincide with those of a decade ago. Stability remains a key objective, but there is also an urgent need to support growth and, in particular, in mobilizing the huge investment needed to solve climate change," said Paolo Gentiloni, Commissioner for economic Affairs.
the Commission invited interested parties, including other European institutions, national authorities and academia, to participate in the discussion to Express their opinions about how the functioning system of economic management to date, and on possible ways to improve its efficiency.
"the process should be completed by the end of 2020", - stated in the European Commission.
