The EESC welcomes the proposals concerning NPLs made by the European Commission, but recommends a specific impact assessment to ensure the suitability and effectiveness of the proposed measures
Economic and Monetary Union - Related News
The EMU needs a common strategic vision, efficient governance mechanisms and a clear social dimension
The European Economic and Social Committee (EESC) has used an own-initiative opinion to call for sufficient funding resources to be put in place for implementing the European Pillar of Social Rights. Adopted at its plenary session on 19 April 2018, the opinion calls for improvements in the Member States and a robust commitment in terms of budget, investment and current spending to make the Social Pillar a reality.
The European Economic and Social Committee (EESC) calls for concrete implementation without delay and with a clear and specific timetable of the measures proposed by the European Commission to complete Banking Union and deepen the Economic and Monetary Union (EMU).
While endorsing the Commission's reform proposals, the EESC calls for the principles of subsidiarity and proportionality to be applied
More integrated and strengthened financial supervision is needed to make progress towards the completion of the Capital Markets Union (CMU), the European Economic and Social Committee (EESC) urged at its plenary session in February.
The EESC presents measures to avoid the severity of austerity in the future and to mitigate the negative effects of previous crisis management
Future crisis management should strive for a better balance between fiscal and social objectives to avoid adverse effects on the economic capacities, labour markets and social protection systems of the countries concerned. Instead of restrictive austerity, the EU institutions should in future crisis situations implement policies in pursuit of economic cooperation, growth and solidarity.
Further measures at national and European level needed to counter the impact of future crises
The EU Member States must urgently work on a stable, prosperous and more resilient EMU: this was one of the main conclusions of a public debate on completing the Economic and Monetary Union (EMU), hosted by the European Economic and Social Committee (EESC) on ...
The EESC advocates a fiscal stimulus focusing on public investment, while also prioritising structural reforms to enhance productivity and support the creation of quality jobs
The European Economic and Social Committee (EESC) disagrees with the European Commission's proposal for an overall broadly neutral fiscal stance in 2018, advocating a moderate positive fiscal stance of around 0.5% of GDP instead.
A European Economic and Social Committee (EESC) hearing has drawn up preventive measures and alternative approaches for future crises
For the EESC, European added value must be at the centre of economic decision-making within the debate on the future of Europe
"EU governance needs a common sense of purpose that goes beyond technical approaches and measures. It is primarily a matter of political will and a shared vision of Europe's future." That is how Joost van Iersel, president of the ECO section in the European Economic and Social Committee (EESC), summarises the EESC's position on the future of the European economy.