Given the significance of the provision of public goods for the well-being of the citizens, the EESC believes that particular attention should be paid to providing these European public goods (EPGs) and identifying them in the next multiannual financial framework (MFF) post-2027.
Special attention must be given to ‘functional EPGs’ – those linked to Article 3 TEU – that can ensure the normal functioning of the EU: the completion of the single market; the completion of the economic and monetary union; economic, social and territorial cohesion; EU open strategic autonomy (e.g. the joint EU health policy, food security, the EU energy union); defence and security; EU research and development; and the rule of law.
The EESC assesses how the EU’s sustainable finance framework can be made more robust and fit for purpose given its importance for the EU’s economic, social and climate objectives. The EESC affirms that simplification should not come at the cost of ambition. While administrative streamlining is needed, the focus should be on how requirements can be implemented more effectively, not on weakening standards. The EU’s regulatory strength and predictability are important competitive advantages that should be preserved amid growing geopolitical and economic uncertainty.
This own-initiative opinion constitutes the contribution of the ECO section to the 2025 EESC transversal own-initiative opinion package on the cost-of-living crisis, looking at specific economic policy measures that can help make the European economy future-proof.
