On 11th April 2000, the Commission adopted its recommendation for the Broad Economic Policy Guidelines (BEPGs) for the economic policies of the Member States and the Community, in line with article 99(2) of the Treaty.
The BEPGs are at the centre of the economic policy co-ordination process and have acquired an increased significance following the Lisbon Special European Council. In fact, the 2000 BEPGs provide an operational content to the conclusions of the Lisbon Summit. They set out a comprehensive strategy aimed at raising the EU economy’s potential for growth and employment. This, in turn, is a prerequisite to achieve, over the medium-term, the EU’s four key challenges: to restore full employment, to promote the transition to a knowledge-based economy, to prepare for population ageing and to improve social cohesion. In addition, the BEPGs are based upon the Report on the implementation of the 1999 BEPGs .
The 2000 BEPGs consist of two parts. The first part comprises horizontal recommendations which are general and apply to all individual Member States. The second part consists of country-specific guidelines that take into account the particular circumstances of each Member State and the different degree of urgencies of measures. Together, they form the reference for the conduct of economic policies in the Member States.
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