Today is the last Commission meeting before the summer. The biggest issue we discussed is the so called Basel III, which is a regulatory framework for Europe’s 8200 banks. This means regulation of a sector that so far has had too little regulation and it also shows that we have learned from the crisis. One of the most important measures has been to initiate a European Systemic Risk Board. We have had long discussions about this in the last weeks, but we have now agreed on a compromise that harmonises the rules but still leaves room for some flexibility. This issue, together with that of the situation in Greece, will be discussed during tomorrow’s extra summit between the Heads of State and Government of the countries in the Euro zone. The situation is of course very serious.
We also adopted my proposal on integration. Integration is a clear example of issues that should be dealt with on a local level – the Commission will never integrate migrants, but we can support Member States in creating opportunities for local actors and civil society to exchange knowledge and experiences on what works well. By doing that, we increase the possibilities for newly arrived people to learn the language of their new country, to get a job, go to school, and make sure that everyone’s experiences are counted for.
Approximately 20 million migrants from outside the EU live in our Member States today. They represent four percent of the total population of the EU. During these times of populist movements and xenophobic winds sweeping over Europe, it is worth to point out that immigrants contribute in a positive way to our societies – both economically and culturally. To mention an example, statistics show that 30 percent of Spain’s GDP growth in the last 15 years has been due to migrants settling in the country. And we know that we will not be able to sustain our way of living without increased migration. I wrote last week that migration to the OECD countries is decreasing. This is worrying, because already in 2013 or 2014 the working population of the EU will shrink due to the fact that our citizens get older. The EU workforce will decrease by 50 million people in the coming 50 years, and by 2020 there will be a shortage of about one to two million professionals in the health care sector. In spite of high unemployment in many countries, we need increased migration to the EU to be able to sustain our economic standards.
For all of this to work, we need successful integration. But honestly speaking the EU has not quite succeeded in integrating those who have moved here from other countries. There are clear differences between migrants and EU citizens when it comes to for instance the employment rate. 19 percent of so called third-country nationals were unemployed in 2009, while the percentage of unemployed EU citizens was 9 percent that same year. We must also get better at using the human capital available on the labour market today. 45 percent of third country nationals were overqualified in their current job in 2009, compared to 21 percent among EU nationals.
Today we also published a Eurobarometer on integration, which shows among other things that immigrants and EU citizens agree that language skills and having a job are among the most important factors for integration. It is clear that everyone gains from improving integration. But to get there, we must all contribute – both Member States’ governments, local actors, civil society, EU citizens, and immigrants.