Overcoming the crisis: new ideas, strategies and governance structures for Europe
In the next 5-10 years the EU and its Member States will be required to continue developing strategies and policies aimed at overcoming the financial and economic crisis while further promoting smart, inclusive and sustainable economic growth. The impacts of the economic crisis have been far reaching on the ability of the EU economy to innovate, grow, and create jobs with major societal consequences. Action is therefore needed now to help develop solutions that will lay the foundations for a sustainable job-rich recovery and will allow the economy to transform itself. The portfolio of activities within this area will focus on socio-economic and behavioural research on: (1) the reform of the EU economic governance structure to better secure financial and economic stability (focusing on the ’Blueprint for a deep and genuine Economic and Monetary Union’); (2) the social, political, legal and cultural consequences of the crisis, such as higher unemployment, the widening of social disparities, rising Euroscepticism and distrust in politics, and the consequent national and EU-level responses; (3) understanding the evolution of the crisis: long-term structural problems and short-term crisis impact (including short run vs. long run crisis resolution strategies); and (4) the impacts of broader global trends on the EU's economy and governance (e.g. climate change, migration, promotion of human rights, etc). Actions in this area will support the ‘Europe 2020’ Strategy, and the EU approach to a Deep and Genuine Economic and Monetary Union.
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