The EESC warns that a weak long-term EU budget would undermine competitiveness, cohesion, agriculture and democracy. The Committee calls for a stronger, fairer and future-proof multiannual financial framework (MFF) for 2028 to 2034.
The EESC supports the objectives of the Commission's package on securitisation, and recommends to ensure that the freed-up capital is used to fund the real economy, introduce safeguards for consumers and investors, guarantee financial stability, and avoid weakening, to the extent possible, international standards.
Among the measures to make it possible, the EESC recommends a two-years reporting period, the introduction of a fast-track mechanism, taking additional measures to preserve the long-term relationship between lenders and borrowers, and introducing social, environmental and governance information in the revised reporting templates.
