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23 May 2013
Financial transaction tax - enhanced cooperation
Adopted
References: CESE 1768/2013 - ECO/345
Referral -
COM(2013) 71 final
Rapporteur: Stefano PALMIERI (Workers - GR II / Italy)
Plenary Session: 490
- 22 May 2013 - 23 May 2013
(Summary Plenary Session)
The EESC welcomes the proposal put forward by the Commission to introduce the world's first regional financial transaction tax (FTT). The Committee believes that its application at regional level (EU11+ zone) could constitute an exceptional opportunity, which could lead to its future application worldwide. The Committee believes that the introduction of this tax within the EU11+ will foster the establishment of a single financial market. The Committee believes that, in order to maximise the impact of the tax on economic growth, the revenue that it raises should be channelled into a programme of investment at national and EU levels capable of delivering economic recovery and jobs in the short term.
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Financial transaction tax - enhanced cooperation
-
23 May 2013
Anti-Money Laundering Package
Adopted
References: CESE 1767/2013 - ECO/344
Referral -
COM(2013) 45 final ; COM(2013) 44 final
Rapporteur: Christopher ZEEB (Employers - GR I / Luxembourg)
Plenary Session: 490
- 22 May 2013 - 23 May 2013
(Summary Plenary Session)
The EESC welcomes the Commission's proposals on adapting the European regulatory framework to reflect changes made to international standards on preventing and combating money laundering and the financing of terrorism. It also approves the inclusion of gambling service providers on the list of professionals subject to requirements and notes that the present proposal contains a certain number of requirements that go beyond international standards. The EESC welcomes the proposal to harmonise the sanctions applicable at European level but has reservations regarding the purely "administrative" nature of the sanctions foreseen.
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Anti-Money Laundering Package
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22 May 2013
Where is the euro headed?
Adopted
References: CESE 1929/2012 - ECO/334
Own-initiative
Rapporteur: Carmelo CEDRONE (Workers - GR II / Italy)
Plenary Session: 490
- 22 May 2013 - 23 May 2013
(Summary Plenary Session)
The international economic and financial crisis exposed the structural limitations and contradictions in EMU, depriving the euro of its propensity to attract. The EESC believes that the single currency will be unsustainable unless we achieve convergence between the economic capacities of the euro area countries and improve overall competitiveness, objectives which require economic as well as political commitment. The Treaty on Stability, Coordination and Governance stresses stability without proposing joint financial instruments for recovery and employment. Europe needs to go back to generating wealth in order to redistribute it fairly. Briefly, these are the EESC's four recommendations for completing the euro framework, i.e. to complete the EMU: establish EU economic governance for growth; create a system of monetary and financial governance to complete the ECB's mandate and the banking union; move towards a political and social union; and strengthen the international role of the EU and global governance.
Related Documents
Where is the euro headed?
-
22 May 2013
A deep and genuine Economic and Monetary Union
Adopted
References: CESE 166/2013 - ECO/340
Referral -
COM(2012) 777/2 final
Rapporteur: Carmelo CEDRONE (Workers - GR II / Italy)
Plenary Session: 490
- 22 May 2013 - 23 May 2013
(Summary Plenary Session)
Related Documents
A deep and genuine Economic and Monetary Union
-
22 May 2013
CCI / Major economic policy reforms
Adopted
References: CESE 3043/2013 - ECO/348
Referral -
COM(2013) 165 final; COM(2013) 166 final
General Rapporteur: David CROUGHAN (Employers - GR I / Ireland)
Plenary Session: 490
- 22 May 2013 - 23 May 2013
(Summary Plenary Session)
The Committee gives a guarded welcome to the two communications from the Commission on the introduction of a Competitiveness and Convergence Instrument and on ex-ante coordination of plans for major economic policy reforms. It is disappointing that they provide little additional detail to the concepts already outlined in the Blueprint, which therefore renders assessment difficult. While these two proposals could be a help to Member States in difficulty, restoring growth and capacity to the most needy areas may be hampered or delayed because the focus of concern is that the measures taken must also benefit the euro area as a whole. The Committee questions the added value of a CCI and the additional bureaucratic burden that the proposed ex-ante coordination may bring. The EESC wishes to continue the debate as developments evolve.
Related Documents
CCI / Major economic policy reforms
-
21 May 2013
Evaluation of macroregional strategies
Ongoing
References: ECO/351
Rapporteur: Etele BARÁTH (Various interests - GR III / Hungary)
Co-rapporteur: Stefano MALLIA (Employers - GR I / Malta)
-
21 May 2013
Single Resolution Mechanism
Ongoing
References: ECO/350
Rapporteur: Daniel MAREELS (Employers - GR I / Belgium)
-
21 May 2013
Civil society partnership Baltic Sea Region
Ongoing
References: ECO/349
Rapporteur: Michael SMYTH (Various interests - GR III / United Kingdom)
-
17 Apr 2013
Fight against tax fraud and tax evasion
Adopted
References: CESE 101/2013 - ECO/341
Referral -
COM(2012) 722 final
Rapporteur: Petru Sorin DANDEA (Workers - GR II / Romania)
Plenary Session: 489
- 17 Apr 2013 - 18 Apr 2013
(Summary Plenary Session)
Related Documents
Fight against tax fraud and tax evasion
-
23 Mar 2013
Protection of the euro against counterfeiting by criminal law
Adopted
References: CESE 2896/2013 - ECO/346
Referral -
COM(2013) 42 final
General Rapporteur: Edouard DE LAMAZE (Various interests - GR III / France)
Plenary Session: 490
- 22 May 2013 - 23 May 2013
(Summary Plenary Session)
Related Documents
Protection of the euro against counterfeiting by criminal law