Financial Crisis

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06/05/2019
The future of EMU reforms: at the mercy of the economic cycle?
News

On 6 May 2019 the Centre for European Policy Studies (CEPS) organised in its headquarters at Place du Congrès in Brussels a day of debates which focused on analysing the reform process of the Economic and Monetary Union, the various positions of the Member States' governments and some social actors, as well as the possible way forward from a situation that was qualified as a "blockage of the main reforms". In the six round tables that structured the debate, a total of 26 people participated, including keynote speakers, speakers and moderators. All of them were academics or officials of the European institutions.

05/11/2018
SBBS
EESC supports testing the SBBS on the markets, but urges strengthening of the enabling framework for the new financial instrument
News

Sovereign bond-backed securities (SBBS) can contribute to a greater diversification of and a risk reduction for sovereign bond portfolios held by banks and other financial operators. This could have a positive impact on the stability and resilience of the financial system and improve financial market integration.

Economic and Monetary Union
Financial Services and Capital Markets
05/02/2018
The EESC calls on Member States to expedite completion of the Economic and Monetary Union
News

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 ...

Economic and Monetary Union
Financial Services and Capital Markets
18/01/2018
Fiscal policy contribution essential to continuing the euro area economic recovery in 2018
News

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.

Cohesion, Regional and Urban Policy
Economic and Monetary Union
Sustainable development
07/02/2017
Statement of the EESC President on the occasion of the 25th anniversary of the Maastricht Treaty
News

On 7th February, as we mark the 25th anniversary of the Maastricht Treaty, the European Economic and Social Committee turns to political leaders, the European civil society organisations which we represent, and all European citizens, with a call: the call for social and economic solidarity, which is urgently needed across Europe. 25 years ago, Europe was in turmoil: the aftermath of the Cold War; the fall of the Berlin Wall and the reunification of Germany; the path of Eastern European countries to democracy, all shaped the zeitgeist. Yet, on this momentous day in 1992, the 12 nations of the European Communities signed this European Treaty, thus creating the European Union as we know it and its greatest achievement, the single currency. Today, the geo-political landscape ...

Economic and Monetary Union
Sustainable development
Social Affairs
20/07/2016
Current developments in the Economic and Monetary Union: Statement by Joost van Iersel, President of the EESC's ECO Section
News

When the international economic and financial crisis struck, it exposed the structural limitations and contradictions in EMU, depriving the euro of its propensity to attract. The crisis proves that it takes much more than a set of "accountancy" rules such as the stability pact and others, because the underlying problems are not technical but economic and political. Some progress has been made in the past few years by putting in place new rules and mechanisms, notably parts of a Banking Union, but the construction works are far from being completed yet, which contributes to the persisting climate of uncertainty among citizens and business, and hinders the growth potential of the European economy ...

Economic and Monetary Union
Single Market
Financial Services and Capital Markets

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