Brussels, 01/10/2013 (Agence Europe) - In a draft resolution drawn up by Elisa Ferreira (S&D, Portugal) and adopted on Monday 30 September, the European Parliament's economic and monetary affairs committee calls on the European Commission to “submit as a matter of urgency legislative proposals with the aim of creating a genuine convergence process within the EU Semester based on EU 2020 objectives and including incentives supporting Member States in the implementation of structural reforms, such as a Competitiveness and Convergence Instrument (CCI), as well as provisions on ex-ante economic policy coordination based on the Community method as a first step towards a European fiscal capacity” in order to encourage countries to sign competitiveness contracts with Brussels in which they would pledge to reform their economy while protecting against the negative impact of the reforms, in terms of employment, for example. The draft resolution calls for social pillar to complement EMU and will be adopted by the plenary at the end of October before the launch of the European Semester for 2014 and before the European Summit in December issues guidelines on reform of EMU. (MB/transl.fl)