The EESC issues between 160 and 190 opinions and information reports a year.
It also organises several annual initiatives and events with a focus on civil society and citizens’ participation such as the Civil Society Prize, the Civil Society Days, the Your Europe, Your Say youth plenary and the ECI Day.
The EESC brings together representatives from all areas of organised civil society, who give their independent advice on EU policies and legislation. The EESC's326 Members are organised into three groups: Employers, Workers and Various Interests.
The EESC has six sections, specialising in concrete topics of relevance to the citizens of the European Union, ranging from social to economic affairs, energy, environment, external relations or the internal market.
The Committee endorses the goals of the action plan i.e. to mobilise capital in Europe and channel it to all companies, infrastructure and sustainable, long-term projects.
Bank funding will continue to play a key role in financing the economy. The Committee feels that certain new markets, including for non-performing loans, should be explored further.
The Committee has serious concerns, however, regarding the relevance and effectiveness of the capital markets union for SMEs. They must be able to choose the funding channels that suit them best.
The financial regulation needs to better take into account the proven national features in the future so as not to jeopardize the regional SME lending.
The role of the EIB could also be further strengthened when it comes to instruments (guarantee schemes, etc.). The initiative for STS-securitisation is also a step in the right direction.
The current pervasive information deficit should be remedied, and the framework made more SME-friendly.
The EU's economic and financial stability should be one of the priorities of the capital markets union. A suitable regulatory and supervisory framework requires greater convergence and cooperation in the area of micro- and macro-prudential supervision.
The Capital Markets Union Package - European Parliament