This analysis of the 2023 Spring Package raised concerns about the resurgence of austerity measures, skyrocketing energy poverty rates, and the rising burden of inflation, all of which disproportionately affect vulnerable households. Although public policies to restrain inflationary pressure start showing results. The EU’s current approach must be questioned, as it appears to prioritise profit-driven strategies over the well-being of its people and planet.
It is evident from the 2023 Spring Package that despite the semi-recent 2008 financial crisis, the EU has still failed to learn its lessons and to put forward comprehensive social investment/social rights strategies to secure social welfare. The European Semester continues to prioritise profits over societal well-being and in particular those living in poverty. This year, we focus on three main topics: energy poverty, rising inflation and the urge for fiscal space for social and green investment.