Economic governance

This page is also available in:

  • On 23 March, the European Economic and Social Committee adopted two opinions on the Commission's latest proposals to further develop the EU's Capital Markets Union. Regarding the Listing Act, the Committee recommends that the full listing documentation be published in the national languages to empower local retail investors and help the development of a national retail investment base.

    • The EESC deems that reporting obligations should not be limited solely to exchanges and transfers in crypto-assets;
    • stresses the need for effective and proportional penalties, leaving the decision on the specific amounts of sanctions to be issued up to the Member States;
    • hopes that the penalties and compliance measures will be able to strike a proper balance between effective rules and adequate deterrence on one hand, and proportionality on the other.

    ...

    • The EESC underlines that increased equity funding for European companies is key and therefore strongly welcomes the Listing Act proposed by the Commission;
    • believes that bringing family-owned companies to capital markets would open up untapped potential to attract capital for growth, and a multiple-voting rights regime helps families to retain control, making listing more attractive to them;
    • estimates that the publication of a full-scale document, and not only the summary, in national languages would empower local retail investors. Using "English-only" issuance documents would hinder the development of a national retail investment base.

    ...

    • The EESC expected a clearer stance on reducing exposure to UK central counterparties (CCPs) and more specific rules and incentives after Brexit;
    • asks the Commission to explain the specific definition of the term "urgently", and for  the co-legislators to establish which exemptions are considered "urgent" decisions; 
    • proposes that civil society be involved in the monitoring mechanism established under Article 23c, and that the EESC takes part in the Joint Monitoring Mechanism as an observer.

    ...

  • At its plenary session on 24 February, the EESC adopted an opinion on the Commission's Communication outlining orientations for a reform of the economic governance framework. While the EESC agrees on the need for a swift agreement ahead of the Member States' budgetary processes for 2024, it also stresses that many details are yet to be finalised.

  • In an opinion adopted on 23 February, the EESC commented on the Commission's Communication on the 2023 Annual Sustainable Growth Survey, which outlines the economic and employment policy priorities for the EU for the coming 12 to 18 months.

  • Reference number
    67/2022

    The European Economic and Social Committee held a plenary debate on the role of finance and public recovery policies in promoting gender equality and the economic empowerment of women in the EU. The discussion was linked to the adoption of two opinions: one on a gender-based approach to budgeting and investing and the other on how Member States can improve the way in which the direct and indirect measures proposed in their Recovery and Resilience Plans (RRPs) affect gender equality.

  • The EESC held a conference on the future of European strategic autonomy. The event was organised jointly by three Committee bodies; the Digital Transition and Single Market Observatory, the Labour Market Observatory and the Sustainable Development Observatory. Policy-makers, experts from organised civil society and academia, as well as youth representatives, gathered to discuss how to overcome current and future obstacles to a self-sufficient EU in times of great geopolitical tensions and multiple crises.

  • The EESC held a debate on gender-based investments in the Member States' national Recovery and Resilience Plans (RRPs). Following on from the European Gender Equality Week, the event gathered policy-makers, experts from organised civil society and academia to discuss, among other things, how EU countries can improve the impact of the measures proposed in their RRPs on gender equality during implementation and monitoring.

  • In two newly adopted opinions, the European Economic and Social Committee (EESC) gives updated views on the Commission's Annual Sustainable Growth Survey 2022, which outlines the upcoming economic and employment policy priorities for the EU, as well as on the Recommendations on euro area economic policy for 2022. The EESC calls for a balanced approach that does not jeopardise the EU's social and environmental goals.