The EESC welcomes the Commission proposal on cross-border payments in the Union aiming at lowering the costs for cross-border payments in euros and at bringing more transparency regarding currency-conversion fees. It endorses the fact that the Commission should analyse further possibilities – and the technical feasibility of those possibilities – of extending the equal charges rule to all Union currencies and of further improving the transparency and comparability of currency conversion charges.
On 9 September 2020, the European Commission adopted its first annual Strategic Foresight Report, presenting Commission’s strategy to integrate strategic foresight into EU policy-making. Strategic foresight aims to identify emerging challenges and opportunities to better steer the European Union's strategic choices and to inform major policy initiatives. It will support the Commission in designing future-proof policies and legislation that serves both the current needs and longer-term aspirations of European citizens.