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The European Commission announces the start of a new cycle of economic semesters

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The European Commission announces the start of a new cycle of economic semesters
December 18
09:00 2019

On Tuesday, a meeting of the European Commission took place in Strasbourg. The commissioners announced the start of a new cycle of economic semesters. This term refers to special tools with a strong tendency towards solving social and environmental problems.

Valdis Dombrovskis, EU Commissioner, said that a deep transformation of the economic model was underway. The demographic situation, climate problems and other signs of modern society are forcing the European Commission to revise its economic policy so that Europe does not lose its influence on the situation in the world, but acts stably and fairly.

Another public statement was made at the press conference. A European Commissioner Paolo Gentiloni said: “Starting today, we put climate change at the center of our economic governance. Because when we say that the plan for achieving carbon neutrality in the EU by 2050 is a new growth strategy in Europe, we have in mind this. “

It was also noted that the number of working Europeans is currently at a record high, but there are differences between them. The EC aims to facilitate access to the labor market in a rapidly changing world. The commissioners are proposing to invest even more in the adaptation of those people who find digital and “green” transition to be difficult.

Following the meeting, a communiqué was issued. The economic growth strategy is formulated as follows: the economy should work for people and the planet.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

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