Magazine article European Social Policy

Crisis : Business Community Wants Deeper Political Integration

Magazine article European Social Policy

Crisis : Business Community Wants Deeper Political Integration

Article excerpt

"This is a moment of truth. The time of business as usual is absolutely over because our businesses are in danger, our jobs are in danger, our level of living is in danger. We have to face the truth." These were the words of the President of Medef (Mouvement des enterprises de France), Laurence Parisot, to the press, which had been invited, on 26 June, on the initiative of BusinessEurope, the European federation of enterprises.

Two days ahead of the European Council, the organisation called on European leaders to restore confidence by making investment and competitiveness the focus of policies. Above and beyond employers' call for growth policies to help Europe to overcome the crisis, they are calling - echoing Parisot - for "a political leap towards a more integrated Europe". Parisot considers that federalism is no longer taboo and that the United States of Europe is not a utopia. Rather, it is a "civilisation ambition".

BusinessEurope wants to consider the possibility of the European Stability Mechanism (ESM) to loan directly to the financial institutions. The association is calling for a tighter fiscal integration of the eurozone in the long term. Eurobonds, as well as a transfer of national budget competence to Europe, should also be considered. Medef is also proposing an in-depth reform of the Commission to create a portfolio for commissioner for economy and finance', who would answer to the European Parliament.

In her book, Besoin d'aire', published in February, Parisot said that the "winning scenario for the future is one of a much more integrated European governance. …

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