• Manifesto for a Green, Just and Democratic European Economy

  • 15 Mar 22 Posted under: Ecology , Economic Governance , European Union
  • transform! europe, together with more than 270 civil society organisations, academics, and other think tanks from all 27 EU Member States, is issuing the Manifesto for a Green, Just, and Democratic European Economy, calling for fundamental change of the EU’s Economic Governance Framework.

    The signatories to the manifesto, drafted by the European Environmental Bureau (EEB) and other organisations, are calling for a deep reform of the EU’s fiscal rules to reorient it towards achieving social, intergenerational and gender justice as well as protecting the climate and the environment. Find below the complete list of the first signatories.


    We are civil society organisations, think tanks, trade unions and employers supported by academics from across the European Union.

    We have come together to call for fundamental reform of the EU’s fiscal rules.

    The aim of economic policy across Europe must not be to simply reduce debt. The economy needs to serve the reduction of socio-economic, intergenerational and gender inequalities, the realisation of social rights and the protection of climate and environment. The EU’s fiscal framework should fully support just transitions and a systemic transformation of our economies and societies to keep global warming below 1.5°C.

    The Maastricht Treaty, signed in 1992, and legislative changes following the global financial crisis, created strict fiscal limits that cap member states’ public debt and deficits. While coordinating fiscal policies is necessary in a monetary union, these rules, with new challenges facing Europe, are no longer fit for purpose.

    First, they impose persistent constraints on public spending, depressing employment and investment. In many countries unemployment rates, especially youth unemployment rates, are still at unacceptable levels. 

    Second, they fall short of ensuring we can adapt to and mitigate climate change through a just transition. The annual green investment gap was recently assessed by the European Commission at 520 billion euros. To fill the gap, substantial public funding will be needed. The imposition of arbitrary fiscal limits make this target unreachable.

    A return to the EU fiscal rules - suspended during the Covid-19 crisis  - would translate into severe cuts in public spending in a majority of EU member states. 

    New austerity would jeopardise the recovery from the socio-economic impacts of the Covid-19 pandemic, and annihilate progress made thanks to the Recovery and Resilience Facility. It would deepen social inequalities and erode the citizens’ trust in the EU. And it would leave many people and governments without sufficient resources to engage in the green and just transition, affecting cohesion and convergence between member states.

    We therefore call for deep reform of the EU economic governance framework, to make sure reformed fiscal rules will be consistent with agreed EU social, climate and environmental goals. Spending quality is of the essence: citizens’ money must be well-spent and serve democratically-defined objectives. 

    We call for a socio-economic transformation of our economic model, a change of paradigm, emphasising the need for considerably increased public investment as well as a strong social dimension of the economic governance, supported by the European Pillar of Social Rights.

    We also call for a new approach to ensuring member states’ debt sustainability. Reforms must take into account national contexts, the need to avoid self-defeating austerity, the convergence of European economies, and the building up of fiscal risks. 

    Climate-related fiscal risks – i.e. the impact that underinvesting in climate change mitigation and adaptation will have on public budgets – need to be part of the country-specific debt sustainability analyses.

    Regulatory and administrative measures, taxation as well as additional funding also have a role to play to trigger and orient private investments

    Most importantly, governments have the responsibility to steer the way to operate a socially just green transition. The European Union cannot afford to take any other path.




    First Signatories

    1. Finance Watch, Belgium
    2. The European Trade Union Confederation, Belgium
    3. SGI Europe, Belgium
    4. The European Environmental Bureau, Belgium
    5. Climate Action Network (CAN) Europe, Belgium
    6. Greenpeace EU, Belgium
    7. The European Youth Forum, Belgium
    8. Sustainable Finance Lab, Netherlands
    9. New Economics Foundation, UK
    10. Greentervention, France
    11. Fondation pour la Nature et l’Homme, France
    12. Union Network International-Europa (UNI Europa), Belgium
    13. European Federation of Public Services Unions (EPSU), Belgium
    14. IndustriAll European Trade Union, Belgium
    15. Fédération Européenne des Retraités et Personnes gées, Belgium
    16. Deutscher Gewerkschaftsbund (DGB), Germany
    17. Italian General Confederation of Labour (CGIL), Italy
    18. Federazione Italiana Reti dei Servizi del Terziario (FIRST CISL), Italy
    19. UIL Friuli Venezia Giulia, Italy
    20. The Cyprus Workers Confederation (SEK), Cyprus
    21. Union of Autonomous Trade Unions of Croatia (UATUC-SSSH), Croatia
    22. Unión Sindical Obrera USO, Spain
    23. Confederation of Christian Trade Unions Belgium (ACV-CSC), Belgium
    24. Confédération Française Démocratique du Travail (CFDT), France
    25. The Finnish Confederation of Professionals (STTK), Finland
    26. International Union of Tenants (IUT), Sweden
    27. Naturefriends International, Austria
    28. Naturfreunde, Switzerland
    29. eco-union, Spain
    30. Clean Air Action Group, Hungary
    31. Legambiente, Italy
    32. CEEweb for Biodiversity, Hungary
    33. France Nature Environnement, France
    34. National Youth Council of Ireland, Ireland
    35. CNCD-11.11.11, Belgium
    36. ZERO - Association for the Sustainability of the Earth System, Portugal
    37. Naturefriends Greece, Greece
    38. Association Justice and Environment, EU
    39. Seas At Risk, Belgium
    40. Youth Express Network, France
    41. Zaļā brīvība, Latvia
    42. Federazione Gruppo Italiano Amici Della Natura, Italia
    43. Lifelong Learning Platform, Belgium
    44. Portuguese National Youth Council, Portugal
    45. MEDASSET - Mediterranean Association to save the Sea Turtles, Greece
    46. SOLIDAR, Belgium
    47. Association For Promotion Sustainable Development, India
    48. Fair Trade Advocacy Office, Belgium
    49. Etopia, Belgium
    50. International Young Naturefriends, Austria
    51. ASUFIN, Spain
    52. TDM 2000 International ETS, Italy
    53. vetoNu, Sweden
    54. Crash Course Economics, Netherlands
    55. Feasta: the Foundation for the Economics of Sustainability, Ireland
    56. Social Platform, Belgium
    57. Deutscher Naturschutzring (DNR), Germany
    58. Green Foundation Ireland, Ireland
    59. Women Engaged for a Common Future International, Netherlands
    60. ATTAC, Spain
    61. NaturFreunde Deutschlands e.V., Germany
    62. Polish Zero Waste Association, Poland
    63. Reset.Vlaanderen, Belgium
    64. Climate Strategy, Spain
    65. Asociación Canarias Archipiélago Sostenible, Spain
    66. Focus Eco Center, Romania
    67. Positive Money Europe, Belgium
    68. Let’s Do It Foundation, Estonia
    69. Eurodiaconia, Belgium
    70. MVO Nederland, Netherlands
    71. The Other Economy, France
    72. Mensa Cívica, Spain
    73. 11 maart beweging, Belgium
    74. The National Youth Council of Latvia, Latvia
    75. 350.org, Europe
    76. Germanwatch e.V., Germany
    77. Lifelong Learning Platform, Belgium
    78. Mediterranean Institute for Nature and Anthropos [MedINA], Greece
    79. Grands-Parents pour le Climat (Belgique francophone), Belgique
    80. Association Green Istria (Udruga Zelena Istra), Croatia
    81. Priatelia Zeme-CEPA, Slovakia
    82. CEE Bankwatch Network, Czech Republic
    83. Studenten voor Morgen, Netherlands
    84. European Environmental Bureau, Belgium
    85. Nyt Europa, Denmark
    86. Netzwerk Gute Wirtschaft, Deutschland
    87. EU Umweltbüro, Austria
    88. National Alliance of Student Organisations in Romania (ANOSR), Romania
    89. CONCORD Europe, Belgium90. Fingo - Finnish Development NGOs, Finland
    91. Natuur & Milieu, The Netherlands
    92. Nederlandse Vereniging Duurzame Energie, Netherlands
    93. Bond Beter Leefmilieu, Belgium
    94. Milieudefensie - FoE Netherlands, Netherlands
    95. Environmental Association Za Zemiata - FoE Bulgaria, Bulgaria
    96. PowerShift e.V., Germany
    97. Mouvement Ecologique, Luxembourg
    98. European Association of Service Providers for Persons with Disabilities, Belgium
    99. Oikopolis, Greece
    100. CALLISTO Wildlife and Nature Conservation Society, Greece
    101. Grüne Wirtschaft, Austria
    102. Aplinkosaugos koalicija (Lithuanian Environmental Coalition), Lithuania
    103. European Students Union, Belgium
    104. Klimaatcoalitie - Coalition Climat BE, Belgium
    105. Citizen’s Climate Europe, Netherlands
    106. SDG Watch Europe, Europe
    107. transform! europe, Europe
    108. EuroNatur, Germany
    109. Inter Environnement Wallonie, Belgium
    110. Organising Bureau of European School Student Unions (OBESSU), Belgium
    111. vzw Climaxi, Belgium
    112. Portuguese National Youth Council, Portugal
    113. Pasaules Dabas Fonds, Latvia
    114. Institut Veblen, France
    115. Eurochild, Belgium
    116. European Sustainable Business Federation, Belgium
    117. Friends of the Earth Europe, Belgium
    118. monneta gGmbH, Germany
    119. Regios eG, Deutschland
    120. AGE Platform Europe, Belgium
    121. Climate Express, Belgium
    122. FiscalFuture e.V., Germany
    123. SÜDWIND, Germany
    124. ActionAid Denmark, Denmark
    125. European Confederation of Cooperatives in Industry and Services, Belgium
    126. Réseau Action Climat, France
    127. OIKOS - Cooperação e Desenvolvimento, Portugal
    128. Observatori del Deute en la Globalitzacio, Spain
    129. Financial Justice Ireland, Ireland
    130. Wellbeing Economy Alliance (WEAll), UK
    131. Make Mothers Matter (MMM), France
    132. Malta National Youth Council (KNŻ), Malta
    133. VšĮ “Žiedinė ekonomika”, Lithuania
    134. National Youth Council of Slovenia, Slovenia
    135. Friends of the Earth Malta, Malta
    136. AK Europa, Austria
    137. Institut Rousseau, France
    138. Veblen Institute for Economic Reforms, France
    139. Foundation for European Progressive Studies (FEPS), Belgium
    140. Les Econologistes, Belgium
    141. Association pour le Développement des Études Keynésiennes (ADEK), France
    142. The Nevin Economic Research Institute (NERI), Ireland
    143. Arbeitsgruppe Alternative Wirtschaftspolitik e.V., Germany
    144. Forum pour la Transition, Belgium
    145. ECCO Think Thank, Italy
    146. Dezernat Zukunft, Germany
    147. Instrat Foundation, Poland
    148. Our New Economy, Netherlands
    149. Transnational Institute (TNI), Netherlands
    150. Forum Ökologisch-Soziale Marktwirtschaft e.V., Germany
    151. FleXibles - Association for the investigation of a new economy-system, Switzerland
    152. Climate & Company, Germany
    153. Scientists for Future Germany, Germany
    154. Rada mládeže Slovenska, Slovakia

    155. Olivier Blanchard, MIT, emerite Robert Solow Professor, USA
    156. Steven Keen, University College of London, UK
    157. Siobhan Airey, Trinity College Dublin, Ireland
    158. Philipp Heimberger, Vienna Institute for International Economic Studies, Austria
    159. Hielke Van Doorslaer, Ghent University, Belgium
    160. Guillaume Sacriste, Université Paris 1 Panthéon Sorbonne, France
    161. Antoine Vauchez, Université Paris 1 CNRS, France
    162. Thomas Lagoarde-Segot, KEDGE BS, France
    163. David Cayla, Université d’Angers, France
    164. Ramaux Christophe, Université Paris 1, Economistes atterrés, France
    165. Laurence Scialom, University Paris Nanterre, France
    166. Michel Dévoluy, Professeur honoraire des universités, France
    167. Dominique Plihon, Université Sorbonne Paris Nord, France
    168. Léo Charles, Université Rennes 2, France
    169. Jeremy Leaman, Loughborough University, United Kingdom
    170. Pascal Glémain, Université Rennes 2, France
    171. Roland Pérez, Université Montpellier MRM, France
    172. Werner Raza, EuroMemo Group - European Economists for an Alternative Economic Policy in Europe, Austria
    173. Jorge Uxó, Universidad de Castilla, La Mancha y MacroAFE, Spain
    174. Vivien Schmidt, Boston University, USA
    175. Marek Hudon, Université libre de Bruxelles, Belgium
    176. Marc-Olivier Leclerq, KEDGE Business School, Belgium
    177. Iván H. Ayala, Universidad Rey Juan Carlos, Spain
    178. Seraina Grünewald, Radboud University Nijmegen, Netherlands
    179. David Bokhorst, European University Institute, Netherlands
    180. Marija Bartl, University of Amsterdam, Netherlands
    181. Candida Leone, University of Amsterdam, Netherlands
    182. Irene van Staveren, Erasmus University Rotterdam, Netherlands
    183. Hans Schenk, Utrecht University, The Netherlands
    184. Karen Maas, Impact Centre Erasmus Rotterdam, Netherlands
    185. Luis Reyes Ortiz, KEDGE Business School, France
    186. Herman Wijffels, Utrecht University, Netherlands
    187. Luis Reyes Ortiz, KEDGE Business School, France
    188. Stefano Lucarelli, Università di Bergamo, Italy
    189. Andrea Fumagalli, University of Pavia, Italy
    190. Tim Jackson, University of Surrey, UK
    191. Dirk Ehnts, Fachhochschule Magdeburg-Stendal, Germany
    192. Oriol Roca-Sagalés, Universitat Autonoma de Barcelona, Spain
    193. Javier Asensio, Universitat Autònoma de Barcelona, Spain
    194. Gracjan R. Bachurewicz, University of Warsaw, Poland
    195. Daniela Cialfi, University of Studies Gabriele d’Annunzioo Chieti-Pescara, Italy
    196. Andrew Denis, University of London, United Kingdom
    197. Jörg Bibow, Skidmore College, United States
    198. Eckhard Hein, Berlin School of Economics and Law, Germany
    199. Richard Murphy, Sheffield University Management School, United Kingdom
    200. Michel Dévoluy, Université de Strasbourg, France
    201. Marie-Annick Barthe, Université de Paris, France
    202. Felix FitzRoy, University of St. Andrews, UK
    203. Martina Metzger, Berlin School of Economics and Law, Germany
    204. Dany Lang, Sorbonne Paris Nord, France
    205. Radhouan Ben Chalbia, Université de Sousse, Tunisie
    206. Jan Priewe, HTW Berlin - University of Applied Sciences, Germany
    207. Sergio Rossi, University of Fribourg, Switzerland
    208. Milka Kazandziska, Jacobs University Bremen, Germany
    209. Luiss Roma, Italy
    210. Rosaria Rita Canale, University of Naples “Parthenope”, Italy
    211. Pier Giorgio Ardeni, University of Bologna, Dept. of Economics, Italy
    212. Roberto Veneziani, Queen Mary University of London, UK
    213. Johannes Schmidt, Karlsruhe University of Applied Sciences, Germany
    214. Constantin Gurdgiev, Monfort College of Business, University of Northern Colorado, USA
    215. Abderrahim Taamouti, University of Liverpool, United Kingdom
    216. Muhammad Ali Nasir, University of Leeds, United Kingdom
    217. Habib Ahmed, Durham University, UK
    218. Marcus Miller, Department of Economics, University of Warwick, UK
    219. Dario Guarascio, Sapienza University of Rome, Italy
    220. Hansjörg Herr, HWR Berlin (Berlin School of Economics and Law), Germany
    221. Mark Blyth, Brown University, United States
    222. Mario Morroni, University of Pisa, Italy
    223. Jesus Ferreiro, Universidad del País Vasco UPV/EHU, Spain
    224. Rick van der Ploeg, University of Oxford, UK
    225. Emanuele Leonardi, University of Bologna, Italy
    226. José A. Pérez Montiel, University of the Balearic Islands, Spain
    227. Pompeo Della Posta, Università di Pisa, Italy
    228. Eugenio Caverzasi, Università degli Studi dell’Insubria, Italy
    229. Christina Teipen, HWR Berlin (Berlin School of Economics and Law), Germany
    230. Jacek Schindler, University of Wroclaw, Poland
    231. Yannis Dafermos, SOAS University of London, UK
    232. Jakob Hafele, University of Linz, Germany
    233. Gustav A. Horn, Universität Duisburg Essen, Germany
    234. Deepa Govindarajan Driver, University and College Union, UK
    235. Thorvald Grung Moe, Levy Economics Institute, Norway
    236. Michael Roos, Ruhr-Universität Bochum, Germany
    237. Maria Nikolaidi, University of Greenwich, United Kingdom
    238. Antonio Rodriguez Gil, University of Leeds, United Kingdom
    239. Rainer Geiger, University of Paris 1 Pantheon-Sorbonne, France
    240. Marc Lavoie, University Sorbonne Paris Nord, France
    241. Michel Santi, HEC Paris, Switzerland
    242. Wimar Bolhuis, Leiden University, Netherlands
    243. Malcolm Sawyer, University of Leeds, United Kingdom
    244. Francesco Martucci, France
    245. Mauricio Rezende Dias, Lisbon University, Portugal
    246. Philippe Quirion, CNRS, France
    247. Jacques Généreux, Sciences Po-Paris, France
    248. Daniel Mügge, University of Amsterdam, Netherlands
    249. David Barkhausen, Institute for Political Science, Heidelberg University, Germany
    250. Jens van ‘t Klooster, University of Amsterdam, Netherlands
    251. Nikolaos Karagiannis, Winston-Salem State University, United States
    252. Servaas Storm, Delft University of Technology, Netherlands
    253. David F Hendry, Nuffield College, Oxford University, UK
    254. Kate Raworth, University of Oxford, UK
    255. Thierry Mertens, Universidade Nova de Lisboa, Portugal
    256. Miquel-Àngel Garcia-López, Universitat Autònoma de Barcelona, Spain
    257. Grégoire Wallenbornn, Université Libre de Bruxelles, Belgium
    258. Ozlem Onaran, University of Greenwich, UK
    259. Francesco Corti, University of Milan, Italy
    260. Florian Ranft, Queen Mary University of London, Germany
    261. Annamaria Simonazzi, Fondazione Giacomo Brodolini, Italy
    262. Olga Mikheeva, University College London, UK
    263. Michael Jacobs, Sheffield Political Economy Research Institute, University of Sheffield, UK
    264. Lisa Herzog, University of Groningen, Netherlands
    265. Dominique Meda, Universite Paris Dauphine, France
    266. Isabelle Ferreras, Belgium
    267. Rogier Claessen, Utrecht University, Netherlands
    268. Hielke Vandoorslaer, Ghent University, Belgium
    269. David Rinaldi, Université Libre de Bruxelles, Belgium
    270. Daniela Gabor, University of West England, Bristol, UK
    271. Nik de Boer, University of Amsterdam, Netherlands
    272. Mike Doak, University of Cumbria, UK
    273. Amandine Crespy, Université libre de Bruxelles, Belgium

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