Economic and Monetary Union - Related Opinions

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NextGenerationEU funding strategy

Adopted on 07/07/2021
Reference: 
ECO/548-EESC-2021-02011
Referral: 
COM(2021) 250 final
Rapporteur: 
Judith VORBACH (Workers - GR II / Austria)
Plenary session: 
562 -
Jul 07, 2021 Jul 08, 2021

The Own Resources Decision (ORD) entered into force on 1 June, enabling the Commission to start borrowing resources for the Next Generation EU (NGEU) recovery instrument. For the EESC, a well-functioning funding strategy is key for the smooth implementation of NGEU. Sound and sustainable funding and solid risk management are in the very interests of civil society. Moreover, borrowing and debt management has to be based on democratic control, legitimacy and transparency.

The EESC stresses how important it is that the Commission manage the funding strategy directly and does not outsource this. The massive engagement on capital markets will be accompanied with a broad set of risks. The EESC supports the establishment of solid risk-management systems and the holding of the 'NGEU account' with the ECB.

EESC opinion: NextGenerationEU funding strategy

Social dialogue as an important pillar of economic sustainability and the resilience of economies taking into account the influence of lively public debate in the Member States (Exploratory opinion at the request of the German presidency)

Adopted on 29/10/2020
Reference: 
SOC/644-EESC-2020
Rapporteur: 
Cinzia DEL RIO (Workers - GR II/Italy), Vladimíra DRBALOVÁ (/Czech Republic) (Workers - GR II / Italy)
Plenary session: 
555 -
Oct 27, 2020 Oct 29, 2020

Social dialogue, at national and European level, plays a key role in shaping economic, labour and social policies that promote the upward convergence of living and working conditions across Member States. Growing globalised and interconnected economies have caused an evolution of social dialogue and require a common and coordinated approach at European level.  European social dialogue is an inalienable component of the European social model and is enshrined in the Treaty, supported by EU legislation and recognised in the European Pillar of Social Rights. The EESC encourages the European social partners to exploit all of the potentialities the Treaty offers them to engage in negotiations to address the new topics and rapid changes in the labour market.

EESC opinion: Social dialogue as an important pillar of economic sustainability and the resilience of economies taking into account the influence of lively public debate in the Member States (Exploratory opinion at the request of the German presidency)

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