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  • 1 Jul 2015
    Access to finance for SMEs Adopted References: ECO/372 EESC-2014-06006-00-00-ri-tra Rapporteur: Dimitris DIMITRIADIS (Employers - GR I / Greece) Plenary Session: 509 - 1 Jul 2015 - 2 Jul 2015 (Summary Plenary Session)

    Related Documents

    Access to finance for SMEs

  • 1 Jul 2015
    Capital Markets Union Adopted References: ECO/379 EESC-2015-01333-00-00-ac-tra Referral - Rapporteur: Juan MENDOZA CASTRO (Workers - GR II / Spain) Co-rapporteur: Milena ANGELOVA (Employers - GR I / Bulgaria) Plenary Session: 509 - 1 Jul 2015 - 2 Jul 2015 (Summary Plenary Session)

    The EESC wants the conditions be created for an efficient, modern financial services sector with appropriate regulations, which grants access to capital providers by companies seeking investment, especially SMEs and high growth companies, and finds it of utmost importance to overcome the current fragmentation of the markets.

    Since a Capital Markets Union (CMU) is to a significant extent a reality for large companies, the EESC stresses the need for measures that will also allow SMEs to benefit from it, for example through accepting simplified standardised criteria for registration on regulated markets, and providing a definition of an emerging growth and high growth company and devoting special attention to the needs of such companies on the capital market.

    The EESC furthermore highlights the importance of traditional banking for the stability of the financial system and affirms that sustainable high quality securitisation calls for promoting basic structures with short intermediation chains.

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    EESC opinion: Capital Markets Union

  • 27 May 2015
    Completing EMU: The political pillar Adopted References: ECO/376 EESC-2015-00551-00-00-AC-TRA Own-initiative Rapporteur: Carmelo CEDRONE and Joost VAN IERSEL Plenary Session: 508 - 27 May 2015 - 28 May 2015 (Summary Plenary Session)

    The EESC is of the opinion that persisting imbalances as well as the creation of trust and confidence across Europe require more effective and democratic economic governance, notably in the Eurozone. It has become clear that the current system of rules underpinning the EU, and particularly the euro area, has created confusion on the legal, institutional and democratic fronts. A new approach is therefore needed. With this in mind, the Committee presents its contribution to the new five presidents' report which will propose next steps on better economic governance to the European Council in June. The EESC contribution summarises the different stages and puts forward institutional proposals and preparatory initiatives regarding the completion of the political pillar of the Economic and Monetary Union.

     

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    EESC opinion: Completing EMU: The political pillar

  • 27 May 2015
    Tax Transparency Package Adopted References: ECO/381 EESC-2015-01828-00-00-AC-TRA Referral - General Rapporteur: Petru Sorin DANDEA (Workers - GR II / Romania) Plenary Session: 508 - 27 May 2015 - 28 May 2015 (Summary Plenary Session)

    The EESC welcomes the Proposal for a Directive presented by the European Commission, through which the Commission is continuing to implement the measures included in the action plan to strengthen the fight against tax fraud and tax evasion. Information on advance tax rulings and advance pricing arrangements is very important and can help the Member States to trace artificial transactions. The EESC recommends that the Member States make efforts to ensure that the provisions of the proposal for a directive are transposed correctly.

    Related Documents

    EESC opinion: Tax Transparency Package

  • 26 May 2015
    Action Plan on Fairer Corporate Taxation Ongoing References: ECO/383 Referral - Rapporteur: Petru Sorin DANDEA (Workers - GR II / Romania) Co-rapporteur: Paulo BARROS VALE (Employers - GR I / Portugal)

    Related Documents

    Information memo: Action Plan on Fairer Corporate Taxation

  • 23 Apr 2015
    EU urban agenda Adopted References: ECO/369 EESC-2014-05226-00-00-ac-tra Referral - Rapporteur: Etele BARÁTH (Various interests - GR III / Hungary) Plenary Session: 507 - 22 Apr 2015 - 23 Apr 2015 (Summary Plenary Session)

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    EESC opinion: EU urban agenda

  • 19 Mar 2015
    Economic governance review Adopted References: ECO/375 EESC-2014-07288-00-00-ac-tra Referral - Rapporteur: David CROUGHAN (Employers - GR I / Ireland) Co-rapporteur: Carmelo CEDRONE (Workers - GR II / Italy) Plenary Session: 506 - 18 Mar 2015 - 19 Mar 2015 (Summary Plenary Session) OJ C 268, 14.8.2015, p. 33

    The European economic governance rules, conceived in crisis, played an important role in fiscal consolidation and economic policy coordination, but the cost was high in terms of growth and employment. The quantitative easing measures now being embarked upon by the European Central Bank need to be matched by greater political initiatives by the Member States. In the review of the Multiannual Financial Framework in 2016, there is a need to back urgent structural reforms of common EU interest with some form of fiscal capacity. A reasonable deviation from the 3% deficit parameter should be considered as a temporary exception for a given number of years and not be automatically liable to sanctions. A lack of implementation of country-specific recommendations (CSRs) could be countered by real involvement of civil society and the social partners in drawing up CSRs.

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    EESC opinion: Economic governance review

  • 19 Mar 2015
    An Investment Plan for Europe Adopted References: ECO/374 EESC-2014-07287-00-01-ac-tra Referral - Rapporteur: Michael SMYTH (Various interests - GR III / United Kingdom) Plenary Session: 506 - 18 Mar 2015 - 19 Mar 2015 (Summary Plenary Session) OJ C 268, 14.8.2015, p. 27

    The EESC welcomes the Investment Plan for Europe as a step in the right direction, which however faces serious questions about the Plan's size and timescale, the high degree of leverage expected and the potential flow of suitable projects. The Plan proposes that contributions to the European Fund for Strategic Investments (EFSI) from Member States will not be included in budget deficit calculations and this is to be welcomed, but it begs the question as to why ongoing strategic public infrastructure expenditures are not treated in the same way. Strategic public investment which underpins present and future economic development should be incentivised by a more benign European fiscal framework.

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    EESC opinion: An Investment Plan for Europe

  • 17 Mar 2015
    EU Strategy on the Alpine Region Ongoing References: ECO/382 Referral - Rapporteur: Stefano PALMIERI (Workers - GR II / Italy)
  • 19 Feb 2015
    The community method for a democratic and social EMU Ongoing References: ECO/380 Own-initiative Rapporteur: Gabriele BISCHOFF (Workers - GR II / Germany)

    A genuine stabilisation of the economic and monetary union (EMU) can only succeed if the deficits in the EMU architecture are solved and to this end major reforms are undertaken. The longer the current austerity policy continues, that primarily looks at spending cuts without the addition of an effective investment plan and measures to enhance income through growth, social cohesion and solidarity, it will become increasingly clear that Europe's economic integration and prosperity is at risk from growing social inequalities. The EESC calls for greater "parliamentarisation" of the euro area, with a grand EP committee comprising all members of parliament from the euro area and from those countries wishing to join (26 Member States), combined with stronger coordination of members of parliament from the euro area on EMU issues (COSAC +).

    Related Documents

    Information memo: The community method for a democratic and social EMU

Results 1 to 10 out of 218.