The EU fiscal framework needs to be revised. This must be done not only to stabilise the economy in the medium term, but also to finance the socio-ecological transformation of our economy and guarantee full employment, high-quality jobs and just transitions. The opinion drafted by Dominika Biegon and adopted by the assembly at the October plenary session is clear: the European Commission must press on with revising the EU economic governance framework.

Speaking during the debate, Ms Biegon said: "The EESC advocates pragmatic solutions for the future of the EU fiscal framework: our opinion shows how ideological divides in the debate on sovereign debts can be overcome. EU fiscal rules can be significantly improved without changing the EU Treaties. We can end the chronic lack of public investment and give Member States more leeway to counter economic downturns adequately in the future without endangering fiscal sustainability. The EU institutions should lose no time in proposing reforms to pave the way for sustainable recovery and a just transition."

Civil society organisations must also be more involved in the European Semester at both national and EU level. The partnership principle, which has long been a tradition in the governance of the European Structural and Investments Funds, should serve as a blueprint for effectively involving civil society. (mp)