Statement by José Manuel Barroso on the future of the Economic and Monetary Union
Brussels - EC/Berlaymont
On 2 October 2010, José Manuel Barroso, President of the EC, made a statement on the Communication on the social dimension of the Economic and Monetary Union adopted by the EC.
The EC has proposed to create a new scoreboard to allow for better and earlier identification of major employment and social problems in the framework of the European Semester, the EU's yearly economic policy-making cycle.
Further involving trades unions and employers at both the EU and national level in the definition and implementation of policy recommendations during the European Semester, making better use of EU and national budgets to alleviate social distress and removing barriers to job mobility are also proposals that feature in the Communication.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||SOUNDBITE by José Manuel Barroso, President of the EC, (in ENGLISH) saying that the EC has adopted a Communication on the social dimension of the Economic and Monetary Union; we have already, in the new system of governance of Europe, namely in the euro area, very important rules for an integrated governance; but indicators of the social dimension had not yet been introduced in this system of governance; it is now done; it is very important; it shows the attachment we have to the social dimension; and it is done in a way that makes our economic governance more integrated; the EC has always stated that to have an Economic and Monetary Union, we also need to look at the social consequences and the social dimension of it; that's precisely what has been done; saying that he hopes that Member States will support this approach.