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Europaudvalget 2012-13
Det Europæiske Råd 27-28/6-13 Bilag 7
Offentligt

The Compact for Growth and

Jobs: one year on

Report to the European Council,

27-28 June 2013

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THE COMPACT FOR GROWTH AND JOBS: ONE YEAR ON

REPORT TO THE EUROPEAN COUNCIL, 27-28 JUNE 2013

The Compact for Growth and Jobs agreed by Heads of State or Government at the European Council

in June 2012 contains a wealth of measures to help Europe move beyond the economic and financial

crisis and to create smart, sustainable, inclusive, resource-efficient and job-creating growth. This

report and the accompanying annex take stock of progress and highlight where efforts must be

redoubled in order to promote growth and jobs.

With Europe's growth prospects still uncertain and unemployment at unacceptable levels, particularly

among young people, decisive action to unlock Europe's growth and employment potential is more

urgent than ever. Fast-acting, pro-growth measures are an essential complement to the ongoing work

to tackle the root causes of the crisis, to return public finances to health, to put in place the tools to

reinforce the coordination of economic policies, to safeguard financial stability and to deepen the

Economic and Monetary Union.

The implementation of the Compact for Growth and Jobs is a shared responsibility. By undertaking

essential reforms at national level, as described in the Commission's proposed Country-Specific

Recommendations, Member States can take a decisive step towards a more competitive, dynamic and

flexible European economy. The EU supports and complements these reforms in a variety of ways,

from the ongoing work to unlock the full growth potential of the single market to financial support

from the EU budget, Europe's growth and investment fund.

In every area of the Compact, the Commission has presented clear strategies and proposals geared to

growth and jobs. The priority now is implementation. As this report illustrates, some of the

Commission's proposals have been adopted but many others have not yet been agreed or are still to

be implemented. These delays mean that business opportunities are lost and that much needed jobs

are not created.

The MFF is a particular case in point. It represents an investment fund of almost one trillion euro (EUR

960 billion) which, if agreed, will provide a much-needed boost to the European economy as from 1

January 2014. However, without a final agreement between the European Parliament and the Council

on the MFF and on all the investment programmes that implement it, the funding will not get to where

it is needed, when it is needed.

The Compact reflects a European consensus on what needs to be done. Now a consensus is needed

to follow up and implement the actions that have been agreed upon without delay. The Commission

will continue to bring forward the right proposals and to work with Member States to bring European

and national efforts together in a partnership for growth.

Reforming the European economy

Reforming and modernising the European economy remains central to the Europe 2020 growth

strategy and is a prerequisite for future prosperity and stability. Through the European Semester, the

Commission works together with the Member States to identify the top reform priorities and to ensure

that the deep interdependence between national economies is taken fully into account.

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The Commission has highlighted the top priorities for reform through its Annual Growth Survey and

Country-Specific Recommendations for 2013. The experience of implementation in 2012 was mixed:

the Commission's analysis shows that Member States could do more to help themselves get back to

growth and move Europe beyond the crisis. Progress has been made but to varying degrees and the

pace of reform does not yet reflect the scale of Europe's growth and competitiveness challenges. The

priorities for reforms in 2013 therefore remain the same as in 2012: pursuing differentiated, growth-

friendly fiscal consolidation; restoring normal lending to the economy; promoting growth and

competitiveness for today and tomorrow; tackling unemployment and the social consequences of the

crisis; and modernising public administration.

Strong endorsement of the Country-Specific Recommendations by the June European Council must be

followed swiftly by formal adoption by the Council and immediate and determined implementation at

national level.

Unlocking the growth potential of the Single Market

The single market is a unique and powerful engine of growth. The Commission has put forward two

ambitious single market reform packages which have the potential to take the single market to the

next level. However, progress has so far fallen short of expectations.

The Commission has now tabled all 12 of the priority proposals from the Single Market Act I. The

European Council set a deadline of December 2012 to agree them at European level. To date, only 7

have been agreed. These include the unitary patent which, once implemented, will reduce the cost of

obtaining patent protection in the EU by up to 80%, boosting innovation and contributing to economic

growth. However, 5 measures with huge potential to boost the economy are still pending after the

deadline. These include key proposals on public procurement, on which agreement between the

European Parliament and Council is within reach. The potential benefits to the EU economy are

significant: for example, if the cost of public procurement contracts subject to EU directives could be

reduced by 5% by 2020, EU GDP and employment could increase by 0.1% - 0.2%.

Acceleration is also required on the 12 measures comprising the Single Market Act II. Most of these

proposals are on the table and the Commission will present the remainder in the coming weeks. To

meet the 2014 deadline, a huge effort is required by all concerned. Agreement on key proposals such

as the reform of insolvency rules, the fourth railway package, product safety and high-speed

broadband infrastructure will require intensive work and strong political will.

Of course, agreement at EU level is not the end of the story. Much of the untapped potential of the

single market lies in a failure to implement properly and expeditiously what has been agreed. For

example, the implementation of the services directive has already boosted EU GDP by 0.8% but

Commission analysis shows that if Member States were to abolish the remaining restrictions, the

potential economic gain is three times bigger – about 2.6% of EU GDP. A renewed focus on

implementation at national level is therefore an essential part of Europe's growth strategy. The

Commission set out a number of practical steps to improve the governance of the single market and

the implementation of the services directive in June 2012.

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Achieving a Digital Single Market

The European Council set a deadline for achieving a Digital Single Market by 2015. Studies estimate

that full implementation of the Digital Agenda for Europe could increase GDP by 5%, or €1500 per

person, over the next eight years, through measures including the improvement of e-Skill levels in the

labour force and reforming the framework conditions for the internet economy. Up to one million

digital jobs risk going unfilled by 2015 without pan-European action. Moreover, 1.2 million jobs could

be created through infrastructure construction. This could rise to 3.8 million new jobs throughout the

economy in the long term. The stakes are therefore very high.

With the 2015 deadline fast approaching, acceleration is required on the measures currently under

consideration in the European Parliament and Council, such as the modernisation of certain key areas

of copyright such as collective rights management and proposals on high-speed broadband

infrastructure and e-identification and e-signatures. The digital strand of the Connecting Europe

Facility will, once agreed, also help to catalyse broadband investment and the development of digital

services.

The Commission will make further proposals to establish a single market for telecommunications

ahead of the October meeting of the European Council.

Completing the Internal Energy Market

The May European Council underlined the importance of delivering a fully functioning, interconnected

and integrated Internal Energy Market by 2014 to intensify price competition, end energy isolation of

certain regions and to enable a coordinated response to supply crises.

However, implementation is behind schedule. For example, as the Commission stressed in its recent

Communication on Completing the Internal Energy Market, the Third Energy Package which entered

into force in 2009, is yet to be implemented in many Member States. On-going work on the cost of

the absence of an integrated European energy market for gas suggests that the benefits of the full

implementation of the third energy package in 2015 compared to 2012 (base case) could reach EUR 8

billion per year. These benefits could reach EUR 30 billion per year if Europe had a fully integrated

market. In electricity, the benefit of integration would be annual cost savings of up to EUR 35 billion.

Completing the European gas and electricity networks is a prerequisite for completing the internal

energy market and so public and private investment should be stepped up. Estimates suggest that up

to EUR 1 trillion in investment is required by 2020. A rapid agreement on the Connecting Europe

Facility will provide a powerful catalyst for these investments.

Completing the European Research Area

Lasting economic recovery requires a world-leading research and innovation capacity, built on a

strong public science base, capable of bringing excellent results to market to tackle the major issues

affecting the lives of European citizens. Building an Innovation Union is central to creating a vibrant

economy fuelled by ideas and capable of competing in new markets for knowledge-intensive products

and services, and creating growth and quality jobs. To achieve this, Europe must increase the

efficiency, effectiveness and excellence of its public research system.

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An ambitious timetable has been set out for the completion of the European Research Area (ERA) by

2014. Commission estimates suggest that the combination of the completion of the ERA and the

implementation of the EU's new research and innovation funding programme – Horizon 2020 – could

give rise to an extra 1% of growth and almost 1 million more jobs per annum by 2030.

Important progress has been made. For example, the unitary patent was adopted by 25 Member

States under reinforced cooperation. However, Europe is still some way from a unified research area.

The European Parliament and the Council must now agree urgently on the new Horizon 2020 and

COSME programmes to support investment in research and innovation within the next MFF. The

Commission’s Communications on Key Enabling Technologies and on Modernising Industrial Policy also

require thorough follow-up at EU and national level.

The Commission will report on the completion of the European Research Area and on investment and

reform in the innovation economy for the October meeting of the European Council.

Investing in growth

The EUR 120 billion investment package outlined in the Compact is in place but has not yet been used

to its full potential.

Following a further commitment of EUR 54.2 billion in March of this year, the Commission has now

made the entire EU cohesion policy budget – EUR 346 billion – for the 2007-2013 programmes

available to support growth and job creating projects in the Member States. The Commission has also

worked closely with Member States, for example through the Youth Employment Action Teams, to

ensure that this funding is targeted at the top growth priorities. More than EUR 39.2 billion – or 11%

of the total funds – was reprogrammed by the end of May 2013 to support the most pressing needs.

The Commission also approved reductions in national co-financing requirements for some Member

States to ensure that EU funding continues to flow even when national budgets are under stress.

The ability of EU structural fund investments to reenergise the European economy depends both on

the delivery of high quality projects in the Member States and on the availability of credits for the

Commission to make the payments when they fall due. Member States should therefore focus on the

full implementation of the current programmes and the European Parliament and Council should agree

on the amending budget for 2013 without delay.

The next Multiannual Financial Framework is due to begin on 1 January 2014. The preparation of the

next generation of programmes is a golden opportunity to put the EU structural and investment funds

to work both to boost growth and jobs in the immediate term and to galvanise the national reform

process. A delay to the new programmes would be highly damaging for confidence and so a final

agreement on the next MFF and the programmes implementing it is an urgent priority.

The decision to increase the capital of the EIB by EUR 10 billion has been a positive step for financing

the real economy and restoring growth and confidence. The objective of the capital increase is to

increase the EIB's overall lending capacity by EUR 60 billion. This will unlock up to EUR 180 billion of

additional investment, spread across the EU, including in the most vulnerable countries. The

Commission has been working closely with the EIB to implement the capital increase and to agree on

priority areas (reflecting the Europe 2020 objectives) where the increased lending will be targeted.

The Commission is also working with the EIB to develop Joint Instruments to support lending to SMEs.

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Tax policy for growth

An enlightened tax policy and efficient tax systems can be an important driver of growth and social

justice and can facilitate essential fiscal consolidation. This is why the reform of tax systems figures

prominently for many Member States in the Country-Specific Recommendations. More effort is

required to shift the tax burden away from labour towards less distortive tax bases such as

consumption, environment and property taxes, to broaden tax bases, and to address tax compliance

issues and to improve the efficiency of tax administration.

In view of the closer integration of the European economies and the accompanying high volumes of

cross-border transactions, these national reforms must be accompanied by ever closer cooperation

between national tax administrations. The Commission has proposed an extension of the current

system of automatic information exchange to cover the full range of income by 2015. This will be

particularly important for the fight against tax fraud and evasion, for which an action plan has been

proposed, including proposals for strengthening cooperation between the Member States.

The recent agreement on the savings tax mandates for negotiation with third countries was a

welcome step but agreement on the revisions to the Savings Taxation Directive must follow and

progress has been too slow on many of the Commission’s key proposals, such as the Common

Consolidated Corporate Tax Base, and energy taxation.

It is also time to accelerate the on-going work on the Financial Transaction Tax. This will help to

ensure that the financial sector makes a fair contribution to the costs of the crisis.

Creating jobs and a genuine European labour market

The Commission has presented several initiatives in order to boost labour mobility and to help create

a genuine European labour market. For example, in October 2012, the Commission adopted a decision

for modernising the EURES network and has also adopted a Directive to help workers exercise their

rights in the context of freedom of movement aiming at supporting workers' integration into their new

societies. Very recently, the Commission adopted a Decision to formalise the existing network of Public

Employment Services that would contribute to strengthening the coordination at EU level of

employment policies.

High unemployment, particularly among the young, is one of the greatest economic and social and

challenges facing Europe. As described in the accompanying report on youth employment, youth

unemployment has reached unacceptably high levels and urgent action at both national and European

level is required to help get young people back into the labour market, education or training.

The Commission adopted a Youth Employment Package last December presenting a proposal for a

Youth Guarantee. The Council has agreed the Youth Guarantee, which should now be implemented at

national level. This will be supported by the EU structural funds. To be ready for the beginning of

2014, swift agreement is needed on the new structural fund regulations and on the EUR 6 billion

Youth Employment Initiative. Member States and the Commission are finalising their Partnership

Agreements and Operational Programmes for the next period, which should ensure that funding is

concentrated on the top growth and job-creating priorities.

Furthermore, the Communication on education and skills should be followed up at EU and national

level and more progress is needed on mobility-friendly measures such as those on the portability of

pension rights and the recognition of professional qualifications in order to help build a genuine

European labour market.

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Harnessing the growth potential of trade

Much progress has been made in recent months to exploit the growth potential of trade. In addition to

ongoing negotiations with a number of key international partners, negotiations will be launched

shortly with the US now that the draft negotiation directives submitted by the Commission have been

agreed. These negotiations have huge potential in terms of growth and jobs: an EU-US trade deal

would be the biggest ever negotiated and could add around 0.5% to the EU's annual economic

output.

Work on the Commission's proposal on access to third country public procurement markets still

requires agreement from Council and Parliament and should be accelerated. This measure would help

to ensure that all companies (both European and non-European) are on an equal footing when it

comes to competing for business in the EU's lucrative public procurement market.

Creating the right regulatory framework for growth

Smart regulation is a joint responsibility of the Commission and the Member States. From its state-of-

the-art impact assessment system to the evaluation of existing EU legislation, the Commission has

stepped up its efforts to ensure that the EU pursues its objectives in a way that does not create undue

burdens for Europe's businesses, citizens and public administrations. In turn, the European Parliament

and Council must be vigilant when amending Commission proposals and Member States should refrain

from creating additional burdens when implementing European rules.

The Commission has made a range of proposals for the reduction of administrative burden - especially

for SMEs - and has already delivered on its target of cutting 25% of the administrative burden

stemming from EU legislation. The measures adopted at EU level by December 2012 are worth EUR

30.8 billion in annual savings for businesses. However, the full burden reduction potential of the

Commission's proposals is closer to EUR 41 billion and so there is more work to be done in the

European Parliament and Council.

The Commission’s REFIT programme and the SME scoreboard will ensure that burdens are kept under

constant review, while the Commission will follow-up on the concerns raised by SMEs through the 'Top

10' exercise, as announced in the accompanying Communication.

Improvements to the regulatory framework also include the Entrepreneurship 2020 Action Plan which

must be followed up at EU and national level. It is important that the ambitious Commission proposals

are maintained in the Council and fully implemented in the Member States.

Deepening EMU and promoting financial stability

Stability is a precondition for sustainable growth. Completing the architecture of the Economic and

Monetary Union (EMU), particularly the Banking Union, will be essential for underpinning future

growth and preventing the re-emergence of imbalances.

The implementation of the Single Supervisory Mechanism and rapid progress on the Commission's

forthcoming proposal for a Single Resolution Mechanism are both vital building blocks in this process.

The Commission has set out a comprehensive vision for the deepening of the EMU in the Blueprint for

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a Deep and Genuine EMU and has subsequently elaborated on how stronger ex ante policy

coordination and a Competitiveness and Convergence Instrument could be introduced.

It is important that momentum is maintained on all these fronts to ensure that Europe's economic

recovery is built on the strongest possible foundations.

***

One year after the Heads of State or Government decided on the Compact for Growth and

Jobs, the European consensus between the Member States and the European institutions

must be translated into concrete results in terms of growth and jobs. The Commission will

continue to play its role to the full and calls upon:



the European Council to reaffirm the urgency of delivering on every aspect of the Compact for

Growth and Jobs;

Member States to pursue their reform efforts with courage and determination, in line with the

Country-Specific Recommendations to be agreed in July 2013; and

the European Parliament and the Council to accelerate adoption of those proposals with the

most growth-enhancing potential.



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Progress in implementing the Compact for Growth and Jobs

Action

What has Commission contributed?

Agreed at

EU level?

What happens next?

REFORMING THE EUROPEAN ECONOMY

Europe 2020 strategy / European

Semester/ implementing new tools for

economic governance / peer pressure

Annual Growth Survey 2013

Alert Mechanism Report

Country-Specific

Recommendations for 2013

'Two-pack'

Legislative proposals

11/2012

05/2013

11/2011



03/2013

Implementation

Country-Specific Recommendations for 2013 to be endorsed by

June European Council, adopted by Council in July and

implemented at national level.

DEEPENING THE SINGLE MARKET

Single Market Act I, deadline end 2012



European Standardisation

System

Unitary patent protection

Venture Capital Funds

Social Investment Funds

Alternative Dispute Resolution

Simplification of Accounting

Directives

Energy Taxation Directive

Professional qualifications

Public procurement

Posting of workers

E-identification and signatures

Legislative proposal

06/2011

04/2011

12/2011

11/2011

10/2011

04/2011

12/2011

03/2012

06/2012



06/2013

10/2012

12/2012

03/2013

04/2013

06/2013

Implementation

Formal adoption

Political agreement required

Formal adoption

Political agreement required

No / little progress

Overall State of Play:

On track

More effort required

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Action

What has Commission contributed?

Agreed at

EU level?

What happens next?

Infrastructure



TEN-Energy

TEN-Transport

Telecoms

Legislative proposals

10/2011



04/2013

06/2013

Implementation

Formal adoption

Political agreement required.

Single Market Act II, deadline Q2 2014



Reform of insolvency rules

Railway Package

Market surveillance and

product safety

Upgraded EURES portal

High-speed broadband

infrastructure

Third Energy Package

Long-term investment funds

Maritime transport

Single European Sky

Electronic payment services

E-invoicing in public

procurement

Banking services

Legislative proposal

Package

COM autonomous act

Legislative proposal

Legislative proposals

Legislative proposal

Package

Legislative proposal

Communication, Report,

Scoreboard

Communication

12/2012

01/2013

02/2013

11/2012

03/2013

09/2007

Q2 2013

06/2013

Q3 2013

Q2 2013

05/2013

2012

06/2012



n/a

07/2009

Political agreement required

Implementation

Political agreement required

Implementation

Commission proposal under preparation

Political agreement required

Commission proposal under preparation

Political agreement required

Follow-up at EU and national level

Improving Single Market Governance

Implementation of Services Directive

Overall State of Play:

On track

More effort required

No / little progress

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Action

What has Commission contributed?

Agreed at

EU level?

What happens next?

ACHIEVING A DIGITAL SINGLE MARKET BY 2015

Digital Agenda / completion of Digital

Single Market

E-identification and signatures

Modernisation of copyright regime



Orphan works

Collective Rights Management

Future of copyright

Legislative proposal

Communication

Legislative proposal

05/2011

07/2012

12/2012

Q2 2013

03/2013

10/2011



n/a

10/2012

Implementation

Political agreement required

Follow-up at EU and national level. Follow up to Commission review

to be announced in 2014

Commission proposal (part of SMA II)

Political agreement required (part of SMA II)

Political agreement required

Mid-term review

Legislative proposal

12/2012

06/2012



Follow-up at EU and national level. Discussion in European Council

October 2013

Political agreement required (part of SMA I)

E-invoicing in public procurement

High-speed broadband infrastructure

Connecting Europe Facility

COMPLETING THE INTERNAL ENERGY MARKET BY 2014

Completing the Internal Energy Market

Third Energy Package

Connecting Europe Facility

Energy Taxation Directive

TEN-Energy

Energy efficiency

Communication

Legislative proposals

Legislative proposal

11/2012

09/2007

10/2011

04/2011

10/2011

06/2011



04/2013

10/2012

07/2009

Follow-up at EU and national level

Implementation (part of SMA I)

Political agreement required

Political agreement required (part of SMA I)

Implementation (part of SMA I)

Implementation

Overall State of Play:

On track

More effort required

No / little progress

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Action

What has Commission contributed?

Agreed at

EU level?

What happens next?

COMPLETING EUROPEAN RESEARCH AREA BY 2014

Strengthening the European Research

Area

Investment in research and innovation

(Horizon 2020 and COSME)

Key enabling technologies (KETs)

Modernising industrial policy

Unitary patent protection

Communication

Legislative proposals

Communication

Legislative proposal

07/2012

11/2011

06/2012

10/2012

04/2011



12/2012

Follow-up at EU and national level, Commission to report on

progress ahead of October European Council

Political agreement required

Implementation through Horizon 2020, structural fund programmes

and national programmes

Follow-up at EU & national level. Debates in European Council June

2013 and Feb 2014, implementation progress report Q3 2013

Implementation (part of SMA I)

INVESTING IN GROWTH

Increase in EIB Capital by Dec 2012

Project bonds

Reprogramming EU structural funds

Budget 2013

MFF 2014-2020

Future cohesion policy

n/a

Commission-EIB

cooperation agreement

Action team initiative with

Member States

Budget proposal

Legislative proposal

n/a

11/2012

01/2012

04/2012

06/2011

10/2011



n/a



€ 10 billion increase to be reflected in lending programmes.

Commission / EIB to report to June European Council on progress

€ 230 million to be mobilised in 2013 for transport, energy and ICT

Commission / EIB to report to June European Council on progress

€ 39.2 billion reprogrammed; to be implemented at national level

Agreement required on amending budget

Political agreement required

Overall State of Play:

On track

More effort required

No / little progress

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Action

What has Commission contributed?

Agreed at

EU level?

What happens next?

TAX POLICY FOR GROWTH

Savings taxation directive

Third country negotiating mandates

Common Consolidated Corporate Tax

Base

Tax fraud and evasion

Financial Transaction Tax

Legislative proposal

Proposal for mandate

Legislative proposal

Action Plan and 2

recommendations

Legislative proposal

11/2008

05/2012

03/2011

12/2012

02/2013



05/2013

Political agreement required

Negotiations to start with third countries

Political agreement required

Follow-up at EU and national level

Political agreement required

CREATING JOBS AND A GENUINE EUROPEAN LABOUR MARKET

Employment policy

Youth unemployment



Youth Opportunities Initiative

Youth Employment Package

(incl. Youth Guarantee)

Youth Employment Initiative

Communication

Communication and

proposal

Legislative proposal

Communication

Legislative proposal

12/2011

12/2012

03/2013

11/2012

10/2005

03/2012

12/2011



Follow-up at EU and national level

Follow-up at EU and national level following Council agreement in

February 2013

Political agreement required

Follow-up at EU and national level

Political agreement required

Political agreement required (part of SMA I)

Employment package

04/2012



Follow-up at EU and national level

Education and skills

Portability of pension rights

Posting of workers

Professional qualifications

Overall State of Play:

On track

More effort required

No / little progress

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Action

What has Commission contributed?

Agreed at

EU level?

What happens next?

HARNESSING THE GROWTH POTENTIAL OF TRADE

Trade agreements



03/2013



Mandate

agreed

06/2013

02/2013

Negotiations to be launched



Peru and Colombia

Canada

Singapore

India

Japan

Ukraine

Egypt, Jordan, Tunisia

Morocco

Georgia, Moldova, Armenia

Vietnam

Thailand

Central America

Legislative proposal

03/2012

Proposals for negotiating

mandates and negotiation

on basis of agreed

mandates



Implementation

Negotiations to be finalised

Agreement to be initialled

Negotiations to continue

Negotiations have started

Agreement to be signed dependent on fulfilment of conditions

Various

Mandates

agreed

Negotiations to begin

Negotiations have started

Negotiations to continue

Negotiations have started

Negotiations to be finalised

Access to third country public

procurement markets

Political agreement required

Overall State of Play:

On track

More effort required

No / little progress

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Action

What has Commission contributed?

Agreed at

EU level?

What happens next?

CREATING THE RIGHT REGULATORY FRAMEWORK FOR GROWTH

Smart Regulation



EU Regulatory Fitness

('REFIT ')

SMEs and micros

Cutting administrative burden

Communication

Legislative proposals

Action Plan

12/2012

03/2013

Various

01/2013

n/a



Partially

First results of the REFIT programme to be presented to European

Council in June 2013 (Top Ten Consultation), and Oct 2013

Follow-up at EU and national level, including via Top Ten

Consultation and Scoreboard

Adoption in legislative procedure and implementation at national

level

Follow-up at EU and national level

Entrepreneurship 2020 Action Plan

DEEPENING EMU AND PROMOTING FINANCIAL STABILITY

Deepening EMU

Blueprint and follow up



Convergence and

Competitiveness Instrument

Ex-ante coordination major

economic policy reforms

Blueprint

Communication

11/2012

03/2013

n/a

Discussion at June European Council

Banking Union

Single Supervisory Mechanism

Single Resolution Mechanism

Other measures, including

Deposit guarantee schemes

Framework for national resolution

Legislative proposal

07/2010

06/2012

Political agreement required

Legislative proposals

Legislative proposal

09/2012

06/2013



04/2013

Implementation

Commission proposal under preparation

Overall State of Play:

On track

More effort required

No / little progress

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