The EESC welcomes the proposals to establish a system of "simple, transparent and standardised" securitisation (STS securitisations), that should enable significant additional resources to be generated for bank funding. That is very important, for SMEs and households in particular. There should be clarity as to the risk involved and who bears that risk, taking account of the whole chain from the issuer to the investor. It is important now is that the mistakes of the past are not repeated. Small investors and consumers should not have access to securitisation due to the complexity and risk involved, the Committee calls for a formal prohibition to be explicitly included in the texts.
Opinions in the spotlight
EU Member States face the arrival of many refugees, who need to be integrated into the host societies once their protected status is granted. The EESC is convinced that integration is a necessity for the preservation of social cohesion. This exploratory opinion, drawn up at the request of the Dutch Presidency of the EU, clarifies the meaning of "integration" and looks at comparability with previous refugee movements, successful integration measures applied in the various EU member states, and the financing of integration measures for refugees, resulting in a set of best practices and recommendations.
The EESC appreciates the coherent and ambitious strategic vision in industrial policy being displayed in the Communication and its focus on four key issues: (1) technologies and platforms; (2) standards and reference architectures; (3) geographic cohesion, embodied in a network of regional Innovation Hubs; (4) skills at all levels.
The European Commission review of EU trade strategy is timely in the first year of a new Commission.
The intense public interest that has been aroused by the TTIP negotiations between the EU and the US demonstrates that trade is no longer an esoteric matter nor the concern of those few who are sufficiently involved to master the finer, highly technical detail that trade involves. It is now a popular issue and part of the public agenda, but because of its technicalities it is also open to wide misunderstanding.
This exploratory opinion was drawn up at the request of the European Commission in the framework of the mid-term evaluation of the LIFE programme over the 2014-2020 period. It reiterates the support of the European civil society in favour of an independent budget line dedicated to the environment and looks at possible options for improving LIFE after 2020.
The European Economic and Social Committee (EESC) believes that the European Agenda on Migration should be designed so as to take into full consideration the humanitarian dimension of its scope, and the EU should not forget its fundamental commitments and legally binding rules to protect lives and human rights, especially of people in danger. The EESC supports the vision to provide a long-term response to migration, addressing the root causes of migration and creating a dialogue with third countries based on cooperation and shared responsibility. Tailored and specific agreements with each country, with full respect of human rights are also supporter. Flexibility provides the right perspective and combination of actions and incentives.
The EESC considers the intention to create ETIAS as a currently inevitable step corresponding to the threats caused by external and internal circumstances. ETIAS should be based on the right balance between risks and safety, at the same time avoiding increased administrative burdens and barriers for people travelling to the EU. The Committee stresses that ETIAS should fully respect the fundamental rights of applicants and avoid any discrimination. All data gathered by the system must be protected and access to it should be strictly limited. All applicants should be allowed to use the services of intermediaries to obtain the travel authorisation, if needed. However, the costs charged by these intermediaries for their services should be monitored and evaluated by EU delegations in the third countries.
This Committee opinion, prepared in response to the commission's request, has taken stock of the views of European stakeholders on how EU policies and regulatory action can use sustainable economic models to transition successfully towards economic modernisation by reconciling economic prosperity and efficiency, social inclusion and environmental responsibility.
The EESC believes that equal access to healthcare, one of the main objectives of health policies, can benefit from digital support provided certain conditions are met: equal geographical coverage; bridging the digital divide; interoperability among the various components of the digital architecture (databases, medical devices); and protection of health data which must under no circumstances be used to the detriment of patients. The EESC highlights the need to develop and facilitate people's digital health literacy to encourage a critical approach to health information and to support the development of a nomenclature of reimbursable treatments and wellbeing services
This opinion is on the Annual Growth Survey 2018 (AGS), which establishes the main economic priorities and provides policy guidance for the following year. The European Commission published the 2018 AGS on 22 November 2017 as part of the European Semester Autumn Package. The 2018 AGS is focused on fostering job creation and growth and establishes three main priorities: boosting investment to support the recovery and to increase long-term growth; structural reforms for inclusive growth, upward convergence and competitiveness; responsible fiscal policies to support sustainability and convergence.