Today, the European Commission has put forward a Communication on the European Growth Model. It recalls the common objectives the EU and its Member States have committed to with respect to the green and digital transition and to strengthening social and economic resilience. It acknowledges that the European economy is undergoing unprecedented transformations in the context of major uncertainties linked to the global and security outlook. The Communication confirms that those developments underscore the need to work closely with our international partners and to reinforce our long-term sustainable growth agenda.
The Communication aims to provide input to the discussions on the European economic growth model, which will take place at next week’s informal European Council meeting of heads of state or government. The Communication sets out the key investments and reforms that are required to achieve our common objectives and underlines the importance of coordinated action by all relevant actors, including the EU, Member States and the private sector.
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