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 EESC considers that the FTT could be a key element in the EU's new system of own resources and reiterates the need to secure global application of the FTT. The EU should act as a pioneer in this area
The FTT will offer a way to stabilise the financial markets.
One of the most significant effects of introducing the FTT would be to improve the sovereign debt situation.
In order to reduce to a minimum the risk of financial activities being relocated, the residence (territorial) principle must be coupled with the issuance principle.
The EESC underlines the need to manage the negative macro- and microeconomic consequences of the FTT. For this reason, the EESC believes appropriate compensatory mechanisms should be implemented.
The assessment of the impact of the FTT should cover the effects of the long-term reduction in GDP as well as the global effects of its contribution.
The EESC calls on the Commission to conduct an additional, more thorough, assessment.