Full text: Die makroökonomische Politik und die Lissabon-Strategie der EU (80)

• using the Cologne Process discussions as a forum for improving
communication of macroeconomic fundamentals with a view to
ensuring better policy co-ordination;
• upgrading the role of the social partners in the co-ordination
process by developing the tripartite social summit held to prepare
for Council meetings into a true partners hip forum for growth and
employment; supporting stronger involvement of the national so-
cial partners in so-called "reform partnerships" for the better im-
plementation of the Lisbon Strategy at anationallevel; inelusion of
such partnerships should not be limited purely to industrial rela-
tions, but should also entail the involvement of representative bod-
ies of the social partners in all other areas of economic and social
• harmonising taxation systems to improve transparency, simplify
taxation, dose tax loopholes and reduce the public sector's leakage
of revenue so as to ensure sufficient provision of public sector ser-
• co-ordinating monetary policy at the global level in order to pre-
vent excessive currency fluctuations;
• A European Research Council as proposed in the Kok Report
could contribute to the international co-ordination of research ac-
tivities provided that certain conditions (for example, transparent
processes for setting priorities, complcmentarity to and work shar-
ing with national efforts) are met.
The Advisory Council calls upon all the relevant institutions and de-
cision-makers to take up their responsibilities for implementing the
proposals outlined above. In accordance with the open method of co-
ordination, the member states of the EU themselves are also responsi-
ble for achieving the Europe-wide targets. The national action plans
proposed in the Kok Report are basically positive, but they must avoid
any duplications or additional administrative costs.
Elements of a Growth Strategy for Austria
Advanced international integration has clearly reduced the scope for
purely national economic policies. Therefore a major task of policy
consists in vigorously influencing European economic policy in line
with the proposals above so as to increase the emphasis on growth.
Nevertheless, there remains substantial scope for national policies
that target growth and employmcnt within the Austrian economy. AI-
though these objectives are gene rally recognised and accepted, they
have little influence on the actual budget structure. A large part of pub-
lic expenditure (about 50%) serves other objectives, as do most regula-

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