Administrative cooperation

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Ongoing (updated on 02/07/2020)
Reference: 
ECO/523-EESC-2020-2020-02886

While acknowledging the progress made by the Commission in taking account of smaller and less complex banking institutions in its recent regulatory measures, the EESC believes it would be useful to further increase the proportionality of banking rules, without sacrificing the effectiveness of prudential rules.

The EESC endorses the recent decision to push back the date for implementing the Basel III accord, and feels that when the time comes, the new provision on capital requirements should be transposed in a way that caters properly for the diversity of banking business models in Europe.

Ongoing (updated on 01/07/2020)
Reference: 
INT/899-EESC-2020

The Report on barriers to the single market of the European Commission identifies a broad range of obstacles in the single market taking the perspective of Europe's businesses and consumers. To address these barriers, the Commission adopted an Action Plan for Better Implementation and Enforcement of single market rules, which aims at addressing obstacles that arise from violations of EU law.

EESC section opinion: Single Market Enforcement Action Plan

Adopted on 19/02/2020
Reference: 
ECO/503-EESC-2019-04990
Plenary session: 
550 -
Feb 19, 2020 Feb 20, 2020

The EESC is concerned to note the euro area's economic downturn and the gradual end to a fall in unemployment, wedded to the persistent higher incidence of risk factors affecting economic performance. It is the European Green Deal that the EESC sees as the backbone of the future EU and euro-area economic configuration – the potential start of a fundamental change and a turning point. If managed successfully, it could move Europe up a gear economically and socially; if not, its failure could fatally jeopardise the integrity of the EU.

EESC opinion: Euro area economic policy 2020

Adopted on 17/07/2019
Reference: 
ECO/493-EESC-2019-01345
Plenary session: 
545 -
Jul 17, 2019 Jul 18, 2019

Although considerable progress has already been made towards completing EMU, there is still a need to significantly reinforce all four of its pillars, taking care to maintain the balance between them, as neglecting one or more of these pillars could result in dangerous disparities. Resilience to crises is a necessary, but not sufficient, condition for completing EMU: it also requires a positive vision, as set out in Article 3 of the EU Treaty. The EESC generally calls on the European institutions and national governments to take much more ambitious action in the context of EMU reform in order to achieve a more integrated, more democratic and socially better developed Union.

EESC opinion: A new vision for completing the Economic and Monetary Union (own initiative opinion)

Adopted on 17/07/2019
Reference: 
ECO/491-EESC-2019-00699
Plenary session: 
545 -
Jul 17, 2019 Jul 18, 2019

In the opinion, the Committee states that taxation policy in general and combating tax fraud in particular must remain a priority for the next European Commission. In this line, the EESC endorses a debate on gradually shifting to QMV and the ordinary legislative procedure in tax matters, while recognising that all Member States must at all times have sufficient possibilities to participate in the decision-making process.  Moreover, the Committee believes that any new rule must be fit-for-purpose and that certain conditions need to be met to successfully implement QMV: a sufficiently strong EU budget; better coordinated economic policy; and a substantial analytical work assessing to what extent current tax measures have been insufficient.

EESC opinion: Taxation – qualified majority voting

Adopted on 17/10/2018
Reference: 
ECO/474-EESC-2018-3065

The EESC welcomes the fact that the package of regulations on the future multiannual financial framework includes the InvestEU proposal to strengthen investment activity in the EU, including long-term investment projects that are of high public interest, while also respecting the sustainable development criteria. In order to guarantee that this programme operates successfully, the Committee underlines the importance of the involvement of civil society organisations and social and economic partners. The EESC appreciates the European Commission's efforts to create an umbrella financial instrument by the InvestEU programme that will result in unified management, enhanced transparency and potential for synergies. The EESC appreciates the fact that, in addition to promoting sustainable infrastructure, small and medium-sized enterprises (SMEs) and research and innovation, the InvestEU programme also focuses on social investment and skills.

 

 

EESC opinion: InvestEU

Adopted on 17/10/2018
Reference: 
ECO/472-EESC-2018-3054

The EESC welcomes and endorses the rationale behind the establishment of the Reform Support Programme. However, the EESC believes that, in order to launch the programme successfully and obtain the expected benefits, better responses are needed to a number of still open questions.

 

EESC opinion: Reform Support Programme

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