The EESC considers that it is necessary to add new own resources to cover the debt repayment resulting from borrowing under the NextGenerationEU initiative without jeopardising the budgets of other EU programmes and instruments, or substantially increasing the Gross National Income (GNI)-based resource contribution. Although the Commission proposals as set out in the communication are deemed necessary, EESC believes that the Commission should ensure that the design of the new system is based on achieving equity and fairness, efficiency, transparency, simplicity and stability, with a focus on competitiveness and applying solidarity where necessary.
Recovery plan for Europe and the Multiannual Financial Framework 2021-2027 - Related Opinions
The Commission intends to renew its strategic partnership with the outermost regions, adapting it to the EU priorities on green and digital transition for a stronger recovery after the coronavirus pandemic. The new Communication is expected to be published in April 2022. In this context, the forthcoming French EU Presidency, aims to conclude together with the other EU Member States this new strategic approach to the outermost regions for a green, digital and fair recovery. More specifically, the Presidency plans to adopt Council conclusions on outermost regions that are going to be presented in the GAC (General Affairs Council) on June 2022. The French Presidency asks the contribution of civil society organisations on the new priorities for the strategic approach and partnership with these regions.
The EESC welcomes the NRRPs as an unprecedented opportunity to drive change and trigger investments in sustainable growth and creation of quality jobs. It urges the Commission to put in place measures that guarantee structured involvement of the social partners, CSO and youth organisations in the implementation and monitoring of the NRRPs. It calls on the Member States to ensure quality and inclusive guidance and counselling for all young people in order to provide them with more information on their further education and, subsequently, on career possibilities in the context of the green and digital transition of the labour market. Close attention should be paid to the issue of mental health and psycho-social disorders, especially among young people, by reducing the stigma around mental health issues through prevention and awareness-raising work.
The coronavirus pandemic has hit the health of Europe's citizens and its economy hard, notably its industrial production. The European companies in the sectors with high consumption of resources and energy (REIIs) were already in a precarious situation, and are now undergoing this further, unexpected, crisis.
The Own Resources Decision (ORD) entered into force on 1 June, enabling the Commission to start borrowing resources for the Next Generation EU (NGEU) recovery instrument. For the EESC, a well-functioning funding strategy is key for the smooth implementation of NGEU. Sound and sustainable funding and solid risk management are in the very interests of civil society. Moreover, borrowing and debt management has to be based on democratic control, legitimacy and transparency.
The EESC stresses how important it is that the Commission manage the funding strategy directly and does not outsource this. The massive engagement on capital markets will be accompanied with a broad set of risks. The EESC supports the establishment of solid risk-management systems and the holding of the 'NGEU account' with the ECB.
The EESC welcomes the new action plan on Capital Markets Union (CMU) and approves all of the 16 actions proposed by the Commission, but stresses the importance of prioritising and coordinating the initiatives (with concrete milestones to measure progress), emphasises those that it deems most essential and makes targeted complementary proposals. The EESC argues for two key priorities: 1) to improve the efficiency of the CMU by creating the European Single Access point, by applying a single rule-book and by simplifying withholding tax relief at source procedures and 2) implement proposals aimed at facilitating a shift long-term savings towards long-term investments.