This year, the EU economic governance process – known as the European Semester – is taking place in a new political and economic context. Political: It is the first European Semester since the new Commission took office on 1 November 2014. Job creation, economic growth, social fairness and democratic change: such is the motto of the new European Commission. Economic: it appears that the thick of the economic crisis is over. The reforms called for by the previous European Semester exercises are underway in most EU countries. The focus of attention is now shifting to the effective implementation of those reforms, at national and local level, and to addressing the legacy of the crisis: long term unemployment and youth unemployment.
Michel Servoz – Director General of the EU Commission’s Employment, Social Affairs and Inclusion Department