Commission recommends Germany to increase spending, and France … – Onet.pl

 
  Photo: PAP
 
 
  Pierre Moscovici
 
 
 

Commission, in its annual recommendations covering almost All EU countries called for action at the national level conducive to creating jobs and stimulating economic growth. The recommendations have been issued in relation to Greece and Cyprus, which are covered by the emergency programs.

“Half of the Member States have to reform pension systems. (…) 17 countries have taken concrete actions in the area of ​​taxation, for example. to reduce the burden of taxation on labor, expand the tax base, as well as combat fraud, “- said at a press conference in Brussels EU Commissioner for. economic and financial Pierre Moscovici.

EC Recommendation are based on detailed analyzes of the situation in individual countries. And so in the case of Germany, the Commission proposes to use the sound budgetary and increased spending on public investment in infrastructure, education and research.

The EU and beyond has long been argued that the increase in spending by our western neighbor will translate into improved economic situation in the euro zone and the European Union. Until now, Berlin did not succumb to pressure and did not declare higher amounts for investments, although in theory you would have them pay for it. The German government plans to maintain a budget surplus this year. According to the EC the country’s public debt will fall to 2019. To a level of 61.5 per cent. GDP.

“We believe that the situation in Germany requires special precautions” – said Moscovici. He was seconded by deputy head of the European Commission’s. Euro Valdis Dombrovskis, who said that in Germany a special responsibility pregnancy in Europe and they should give other countries a good example.

With a completely other problems faced by France. The European Commission in February decided that so request, to give her time to 2017. On capturing the deficit to 3 per cent. GDP. Previously, Paris was obliged to do it by 2015.

The EC stressed on Tuesday that France should step up efforts to identify savings in all sub-sectors of general government. Among other things, until March 2016. it aims to ensure that the pension system expenditures do not exceed revenues.

Another recommendation is a simpler and more efficient tax system, and remove barriers to access to certain regulated professions.

In the UK Commission assessed that the local government has not taken sufficient action on the correction of the excessive deficit by fiscal year 2014-2015. Last year, the budget deficit in the United Kingdom was 5.2 percent. GDP. The EC recommended Wednesday extending the deadline for its reduction below 3 percent. GDP for another two years until the financial year 2016/2017.

According to the information provided by the commissioners that Finland gets in trouble. The Commission concluded that the country does not meet the requirements of the Stability and Growth Pact on debt and deficit. Within two weeks advisory Economic and Financial Committee is expected to present its opinion on the matter, after which a decision is to be made on whether to initiate the excessive deficit procedure Helsinki.