The EESC welcomes the proposal for the ESF+ to improve merge funds and simplify procedures, but is critical of a financial cut in EU cohesion policy, and, as regards the ESF+, of the 6% decrease of the funding allocated to it. It calls for 30% of total resources for economic, social and territorial cohesion policies to be allocated to the ESF+ and for 30% of the ESF+ resources to be earmarked for social inclusion measures.
Opinions with Diversity Europe - Group III members as rapporteur/co-rapporteur/rapporteur-general
The EESC considers the proposed European Investment Stabilisation Function (EISF) as a step towards closer euro area integration, and possibly an attempt to encourage non-euro Member States to join the single currency. However, the EESC is of the view that a well-crafted union-wide insurance scheme that acts as an automatic stabiliser amidst macroeconomic shocks would be more effective than the proposed EISF.
The EESC supports the Commission's Action Plan on financing sustainable growth, aimed at reorienting capital flows towards sustainable investment, and welcomes the legislative proposals stemming from it, on fiduciary duties, a taxonomy and benchmarks. The proposed gradual approach for its implementation, beginning with the work on a European sustainability taxonomy, is preferable. However, a subsequent extension of the initial taxonomy, based on environmental aspects, to social sustainability and governance goals will be necessary. Attention should be paid to the feasibility and proportionality of legal obligations.
The EESC welcomes the Commission's proposals to amend the Taking of Evidence Regulation and the Service of Documents Regulation and calls on the Commission to take into account its observations: without a genuine judicial area, the freedoms of the single market cannot be fully taken advantage of.
The EESC considers the European Regional Development Fund (ERDF) and the Cohesion Fund (CF) as pivotal factors to achieve sustainable development in the EU and therefore strongly regrets the cut of 12% in the ERDF and 46% in the CF.