European Union member states consider impossible to have a share of industry in GDP at 20% by 2020. Nelli Feroci: «We have to be realistic»
by Emanuele Bonini
European Commission industrial strategy is over. EU member states don't want to intensify the efforts in order to foster the sector, EU commissioner for Industry and Entrepreneurship said at last Competitiveness council meeting. «The goal of industry's share of GDP at 20% by 2020 has been interpreted as not binding», Ferdinando Nelli Feroci stated in Brussels. This means Europe will stop pushing industrial effort despite the European Commission commitment. Antonio Tajani's political agenda included the 20% of EU GDP share as one of the main goal: it was included in the "Communication for a European industrial renaissance" as well as in the "New industrial policy communication". Furthermore, the president fo the European Commission, Josè Manuel Barroso itself, has repeated during last years that raising the the share of industry in GDP up tp 20% by 2020 had to be considered as an «explicit target». Now something changed. Nelli Feroci clarified first of all the goal «has never been endorsed by the Council», and secondly in Europe the situation can't bring to such a scenario. «We have countries with an GDP share from industry even higher than 20%, while other countries are well below and structurally can't reach it». Thus «we have to be realistic, considering the target as an aspirational target».
In listening Nelli Feroci's words something is wrong. If in Barroso' and Tajani's opinion industrial targets were «explicit» well before few days ago, the fact EU member states decided the goal is simply «aspirational» is new. But since Nelli Feroci stated such a goal never found any endorsement, why to announce only now EU member states doesn't support EU Commission industrial policies? «There's no disengagement» on efforts to boost industry, Nelli Feroci stated. Ok, so what? The figures don't add up, and EU Commission goes towards a failure.
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European Commission industrial strategy is over. EU member states don't want to intensify the efforts in order to foster the sector, EU commissioner for Industry and Entrepreneurship said at last Competitiveness council meeting. «The goal of industry's share of GDP at 20% by 2020 has been interpreted as not binding», Ferdinando Nelli Feroci stated in Brussels. This means Europe will stop pushing industrial effort despite the European Commission commitment. Antonio Tajani's political agenda included the 20% of EU GDP share as one of the main goal: it was included in the "Communication for a European industrial renaissance" as well as in the "New industrial policy communication". Furthermore, the president fo the European Commission, Josè Manuel Barroso itself, has repeated during last years that raising the the share of industry in GDP up tp 20% by 2020 had to be considered as an «explicit target». Now something changed. Nelli Feroci clarified first of all the goal «has never been endorsed by the Council», and secondly in Europe the situation can't bring to such a scenario. «We have countries with an GDP share from industry even higher than 20%, while other countries are well below and structurally can't reach it». Thus «we have to be realistic, considering the target as an aspirational target».
In listening Nelli Feroci's words something is wrong. If in Barroso' and Tajani's opinion industrial targets were «explicit» well before few days ago, the fact EU member states decided the goal is simply «aspirational» is new. But since Nelli Feroci stated such a goal never found any endorsement, why to announce only now EU member states doesn't support EU Commission industrial policies? «There's no disengagement» on efforts to boost industry, Nelli Feroci stated. Ok, so what? The figures don't add up, and EU Commission goes towards a failure.
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