The EESC very much welcomes the Commission’s package of proposals and hopes that it will contribute effectively to complementing the work done after the crisis to reform the financial sector. The Committee welcomes the underlying holistic and integrated approach and believes that the proposed measures will undoubtedly help strengthen Europe’s prudential and resolution framework for banks. The Committee also these proposals will enable progress to be made not only in further advancing the Banking Union, but also in implementing its third pillar, the European Deposit Insurance Scheme and that certain specific adjustments in the proposals should facilitate the pursuit of a Capital Markets Union.
Plenary Session 29-30 March 2017 - Related Opinions
In the opinion on "Inclusive Islands" drawn up at the request of the Maltese Presidency of the EU, the EESC identifies permanent solutions for islands to address their structural difficulties. Europe's islands are home to over 21 million people. They account for approximately 4% of the EU-28's total population. There is therefore an urgent need for the adoption of an integrated policy framework to address the economic, social and territorial cohesion issues faced by European islands. The EESC calls for a greater effort to be undertaken by the EU to recognise the uniqueness of the challenges facing islands.
The EESC is committed to open and fair trade and recognises its value as a driver of growth and jobs. Therefore, the EESC calls for a level playing field between European and third country exporting producers, and for effective trade defence instruments. The EESC supports the Commission's proposal that the dumping margin should be calculated not using the standard methodology, but on the basis of benchmarks that take account of significantly distorted production and sale costs. The EESC points out that in its 2016 opinion on preserving sustainable jobs and growth in the steel industry, it already called for the standard methodology not to be used in anti-dumping and anti-subsidy investigations into Chinese imports as long as the country failed to meet the EU's five criteria for market economy status. The EESC welcomes the Commission's intention of using specific criteria to determine whether there are significant distortions in the market situation.