The European Union should grasp the opportunity of the new political mandate and financial period to improve its economic policy coordination and governance. The European Semester should become the most important element of economic policy coordination and a multi-level and multi-actor governance approach should be implemented, says the European Economic and Social Committee. It suggests that an EESC competence centre for exchange of information could be established to address implementation concerns in relation to a future EU strategy.
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- Economic and Monetary Union and Economic and Social Cohesion (ECO)
- Specializovaná sekce Hospodářská a měnová unie, hospodářská a sociální soudržnost (ECO) - Related News
Specializovaná sekce Hospodářská a měnová unie, hospodářská a sociální soudržnost (ECO) - Related News
At its plenary session in July, the European Economic and Social Committee presented proposals for the economic agenda of the upcoming legislative period (2019-2024) and recommended that they should form the basis of a new European economic strategy. The Committee's proposals seek to develop more resilient and sustainable EU economic policies within an improved governance framework for the Economic and Monetary Union.
It proposes additional measures on communication, connectivity and civil society involvement.
The European Economic and Social Committee has called on EU leaders in a recently adopted opinion to step up efforts to strengthen the international role of the euro, on the eve of the Euro Summit taking place on Friday, 21 June in Brussels. It underlines that this would be desirable, but also necessary, as a strong euro would contribute to the wellbeing of EU citizens and businesses, uphold common values and promote common interests.
The European Semester should be based on the principles of partnership and multilevel governance modelled on the partnership agreements existing in cohesion policy, as this bottom-up approach will contribute to more clarity, legitimacy and ownership at implementing level. This was one of the main messages of a hearing held by the European Economic and Social Committee on 11 June.
Change management, better communication on scientific evidence and, above all, civil engagement are key factors for the development and implementation of new indicators to measure people's well-being and societies' progress. This was the main message of a public debate that was held on 4 June by the European Economic and Social Committee and its Section for Economic and Monetary Union and Economic and Social Cohesion.
On 14 May 2019, the Brussels Office of the European Central Bank (ECB) organised a conference on the economic implications of trade protectionism. The presenters were two ECB officials, Lucia Quaglietti (External Developments Division) and Vanessa Gunnella (Euro Area External Sector Division).
On 6 May 2019 the Centre for European Policy Studies (CEPS) organised in its headquarters at Place du Congrès in Brussels a day of debates which focused on analysing the reform process of the Economic and Monetary Union, the various positions of the Member States' governments and some social actors, as well as the possible way forward from a situation that was qualified as a "blockage of the main reforms". In the six round tables that structured the debate, a total of 26 people participated, including keynote speakers, speakers and moderators. All of them were academics or officials of the European institutions.
Building up a more sustainable and resilient European economy and completing Economic and Monetary Union should be priorities for the next European Commission and European Parliament: these points emerged from a public hearing held by the European Economic and Social Committee on 12 April 2019.
The euro ranks second in the world as a reserve currency and as a currency used for fixed income securities issues and international trade transactions. However, its use internationally has yet to return to levels before the financial crisis, and its future role in the international monetary system is tied to the economic prospects of the euro area.