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A common European economic recovery plan was in the focus of Friday's video conference of European ministers responsible for internal market and industry.
The ministers discussed the Joint Roadmap for Recovery, which was presented in late April by the presidents of the European Council and the European Commission. The roadmap aims to address the need for a comprehensive recovery plan and investment that will help relaunch economies hurt by the COVID-19 pandemic.
"The upcoming months will be crucial for restoring the EU's Single Market and shaping the future of the European industry. As the health crisis recedes, it is important to avoid an uncoordinated recovery, given the strong economic interdependence of the Member States of the EU," said Croatian Economy Minister Darko Horvat who chaired the conference that was organized by the Croatian Presidency of the Council of the European Union.
The meeting was also attended by the European Commission's Executive-Vice President Margrethe Vestager and the European Commissioner for the Internal Market Thierry Breton.
According to the ministry's press release, the Joint Roadmap consists of four key areas: a full functioning and revitalized single market, an unprecedented investment effort, global action, and a functioning system of governance.
Ministers agreed that green transition and digital transformation will have a central role in the efforts to revitalize and modernize the European economy. Investments in clean and digital technologies will help in creating new jobs and new economic growth, the press release says.
(XINHUA)
