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Friday, February 17, 2012

The European Commission agrees with the Committee of the Regions on a responsible interdependent way out of the crisis.

During the plenary session of the Committee of the Regions, EC president José Manuel Barroso talked about the implication of European Regions and cities in the definition of initiatives for growth, such as those dealing with youth employment, SMEs, and structural funds.

This key point was addressed in a CoR resolution on the "fiscal compact" adopted by the plenary. In this respect Barroso stressed that "it's up to national governments" to define tailored approaches, in coordination with regional and local authorities, in order to address relevant specific needs.

The resolution also regrets that a new Treaty has been drafted through an intergovernmental agreement and urges the contracting parties to ensure that regions are given the possibility to fully contribute to address the challenges of the ongoing crisis and to support the efforts for a better coordination and governance of economic and monetary union.

Therefore the legal competences of regional and local authorities for substantial areas of public finances and economic governance must be recognised within the Treaty, ensuring also that all new measures will be drawn up in close partnership with regional and local authorities.

During the debate Bresso drew the attention on the lack of sufficient resources to overcome the crisis and fully implement Europe 2020 strategy. Looking ahead to the next programming period, both Barroso and Bresso believe that public investments must be boosted at EU level through new financial tools.

The tight partnership between the European Commission and the Committee of the Regions has been reinforced with the signature of a new cooperation agreement.

Source  Committee of the Regions

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