This opinion is part of a wider package of four EESC opinions on the future of the European economy (Deepening of the Economic and Monetary Union and Euro area economic policy, Capital Markets Union and The future of EU finances). The package of opinions underscores the need for a common sense of purpose in the Union governance, which goes far beyond technical approaches and measures, and is first and foremost a matter of political will and a common perspective. Europeans need more (and better) Europe, not less Europe, in order to overcome the political crisis in the EU. The basic principle of the EU budget must be to deliver European added value, achieving better outcomes than would be possible for uncoordinated national budgets acting individually. The EESC considers that it is not credible for the EU budget to continue to be less than 1% of EU-GNI.
The EESC supports the general principles of this program but believes it should also strengthen the support and advice to SMEs in consultation with all professional organizations. The Committee also considers that promoting access to finance and encouraging an entrepreneurial culture should be the core issues of this new regulation.
The EESC agrees with the European Commission about the need to modernise and simplify EU consumer policy and considers that the new legislative package contributes to bridging the gap created by the exponential growth of e-commerce, undermining consumer confidence and causing distortions to the single market.
The EESC believes that income and wealth inequalities in the EU have become economic and social challenges that should be addressed with appropriate measures at national level and with the support of EU-level action.
A well-functioning system of social transfers and social assistance is thus needed. Fiscal redistribution should to a large extent complement the gaps in the market system. Public assets (social infrastructure, facilities for services in the public interest, etc.) should be developed as a means of addressing inequalities. And fiscal income should be shifted from labour-based taxation towards a more wealth-based one, with taxation on inheritance and capital income. Overall, Intensive economic growth is key to reducing poverty and wealth inequalities.
The Commission communication on Steps towards completing EMU can provide a great opportunity to launch a debate at political level and with civil society to draw up conclusive proposals which go further than the current ones. It would be more useful to draw up a proposal for the European Semester as part of a comprehensive agreement on economic governance that goes beyond the status quo, changing macroconditionality and strengthening the Interparliamentary Conference. Democratic legitimacy is not tackled seriously by any of the Commission's operational proposals. The tripartite social dialogue could contribute to this matter. On the basis of its own roadmap, the EESC is committed to putting forward, possibly with the Commission, a plan on stage two (Completing EMU 2017-2025) to discuss these issues in the Member States, beginning with the euro area countries.