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  • 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

    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

    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)
  • 17 Mar 2015
    Tax Transparency Package Ongoing References: ECO/381 Referral - Rapporteur: Petru Sorin DANDEA (Workers - GR II / Romania)
  • 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)

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

  • 19 Feb 2015
    Economy for the Common Good Ongoing References: ECO/378 Own-initiative Rapporteur: Carlos TRIAS PINTÓ (Various interests - GR III / Spain) Co-rapporteur: Stefano PALMIERI (Workers - GR II / Italy)

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    Economy for the Common Good

  • 18 Feb 2015
    Role of cooperative and savings banks in territorial cohesion Adopted References: ECO/371 EESC-2014-04516-00-01-AC-TRA Own-initiative Rapporteur: Carlos TRIAS PINTÓ (Various interests - GR III / Spain) Plenary Session: 505 - 18 Feb 2015 - 19 Feb 2015 (Summary Plenary Session)

    The EESC considers it vital to preserve the "biodiversity" of the financial system, without this meaning the arbitrary application of rules. In this context the Committee applauds the consideration the European Commission has given to the introduction of calibrated financial regulation frameworks to consider the specificities of cooperative and savings banks that avoid the undesirable effects of uniform application of prudential rules and possibly an overload of administrative burdens.

    The EESC has always been committed to a level playing field, and therefore recommends the use of objective parameters that justify a specific regulation for each business model. Essentially, these are financial and economic performance, contribution to the real economy, risk management, and governance. The EESC proposes that the financial authorities should offer incentives to those actors who best comply with these conditions, and calls for stronger ethical standards and codes of good governance for all kind of banks, as these are vital for restoring lost confidence.

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    EESC opinion: Role of cooperative and savings banks in territorial cohesion

  • 18 Feb 2015
    Macro-regional strategies across Europe Adopted References: ECO/362 EESC-2014-02544-00-00-AC-TRA Own-initiative Rapporteur: Etele BARÁTH (Various interests - GR III / Hungary) Plenary Session: 505 - 18 Feb 2015 - 19 Feb 2015 (Summary Plenary Session)

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    EESC opinion: Macro-regional strategies across Europe

  • 18 Feb 2015
    European System of Financial Supervision (ESFS) - review Adopted References: ECO/373 EESC-2014-05561-00-00-AC-TRA Referral - Rapporteur: Carmelo CEDRONE (Workers - GR II / Italy) Plenary Session: 505 - 18 Feb 2015 - 19 Feb 2015 (Summary Plenary Session)

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    EESC opinion: European System of Financial Supervision (ESFS) - review

  • 17 Feb 2015
    Capital Markets Union Ongoing References: ECO/379 Referral - Rapporteur: Juan MENDOZA CASTRO (Workers - GR II / Spain) Co-rapporteur: Milena ANGELOVA (Employers - GR I / Bulgaria)

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    Capital Markets Union

Results 1 to 10 out of 217.