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The plan must provide rapid support to investment in all branches of industry, with manufacturing and its services component as a core foundation for our economic prosperity.
In terms of the Commission’s long-term budget, investment in energy, environment, digital and climate technologies are key, while at the same time we must foster strategic value chains and support crucial industrial ecosystems, as they will play a central role in re-launching and modernising Europe’s economy.
A strong component on non-financial aspects like the re-strengthening of our Single Market is an indispensable element of a successful recovery strategy.
The European Semester must play a central role in ensuring that EU support is accompanied by member state commitment to implement sustainable growth and employment-enhancing structural reforms. Only this will allow to deliver long-term fiscal sustainability and upward convergence.”