The EESC supports the Commission's proposal which will allow for the creation of the European Foundation (FE), for which it has called already in 2010 in its own-initiative opinion (INT/498). The EESC recommends adopting the proposal without delay. As an optional instrument, FE will give the opportunity to foundations opting for the statute to work in each EU country without the need to create local structures, provided that the foundation will be recognised in the country of origin of its creation.
The EESC is fully supportive of the revised directive and it finds much in the regulation which it can support. The EESC has a major concern about the applicability of the regulation to SMEs and it recommends that the more radical proposals be revised.