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could be done effectively. For the Eurozone, ensuring that the new Scoreboards promoting the social dimension of the EMUinfluence policy is essential. If this is not done then the social, and particularly the poverty reduction commitments will continue to be undermined by the regressive impact of the current macro-economic goals.

- • are the most important and relevant areas to be addressed in order to achieve • are the most important and relevant areas to be addressed in order to achieve smart, sustainable and inclusive growth?

### We set out below concrete proposals to make progress on a balanced social and economic agenda to achieve smart, sustainable and inclusive growth .

- - Make progress towards a Social as well as an Economic and Banking Union as part of the post 2015 road map.
- - Start the debate on how the EU can deliver social progress beyond GDP, supporting an inclusive and sustainable development model ensuring shared prosperity and well-being.
- - Prepare a Communication which sets out guidelines for coherent smart, sustainable and inclusive growth which can deliver on the goals and targets of Europe 2020 and confirms the macroeconomicobjectives as the servant to a moreinclusive andsustainable EU. Make the Semester the key instrument of Europe 2020.
- - Introduce a new Golden Rule, which operationalizes the horizontal clause and ex-ante social impact assessment methodology, by requiring economic and other policies to prove their contribution to social goals and the targets and not to undermine them.
- - Give priority to reducing inequality through redistribution and resourcing a more equal society - particularly a focus on more progressive taxation and tax justice.
- - Develop separate social protection/social inclusion guidelines for the poverty target, outside the employment guidelines and require the development of a separate Joint Social Protection/Inclusion Report on an equal footing with the Joint Employment Report developed by the SPC with the Commission.
- - Encourage a more equal role for employment and social/equality actors to monitor the social impact of economic priorities and to support the development of an integrated inclusive growth approach within the Commission and within Council formations, i.e. between EPC, EMCO and SPC.
- - Effectively mainstream the social and employment scoreboards into the Alert Mechanism on the same basis as other economic indicators, and ensure that they act as triggers to policy change when the imbalances increase beyond an agreed level.
- - Make the Annual Progress Report on Europe 2020 goals and targets the central document to drive the European Semester and/or rename/refocus the Annual Growth Survey to mainstream the core objectives of Europe 2020, aligning the Stability and Growth goals to not compromise these.
- - Organize all instruments in the Semester systematically, to reflect the main objectives and targets and the necessary policies to achieve them, i.e. separate sections on all objectives and targets, with an assessment of how the total package contributes to their achievement.
- - Restore balance to economic and social CSRs. Country Specific Recommendations should be addressed to all MS who are not making progress on the poverty target, and the other social targets.

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