January 26, 2010
Open Europe has a short article in this month’s edition of Parliament Magazine, detailing how the Spanish EU Presidency could contribute to getting Europe’s economy back on track. We argue:
Open Europe blog team
Instead of trying to make economic underperformance illegal and centralise more powers in Brussels, the Spanish Presidency should kick-start the new Lisbon agenda by empowering Europe’s businesses to create real jobs and growth….The threat to Europe’s overall competiveness arises not from a lack of binding targets or Commission powers, but from over-intervention and rules that de-incentivise growth, innovation and job-creation. Growth cannot be legislated – it receives its thrust from individuals, businesses and communities. Designing the right environment for these actors is therefore absolutely vital to unleash Europe’s potential and talent. And here the Spanish Presidency can help by resisting the temptation to pursue activist and mis-targeted regulatory policies.