Financial Crisis

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16/02/2018
Lessons learned
Lessons learned from austerity make a change of policy mandatory
Press Release

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.

23/02/2017
Only a strong economy can allow Europe to weather the storm
Press Release
Reference number: 
9/2017

It is vital to foster economic growth; only if Europe has a strong economy, can it better face the political and social challenges that stand before it. This was one of the main messages of the EESC opinions adopted yesterday in Brussels. The EESC calls for more investment– both private and public – directly in the countries that need it most. The EU body representing Civil Society also finds that the Juncker plan is not enough ...

06/02/2017
The euro can only survive if political leaders recognise that we Europeans belong together and start building upon a common sense of purpose
Press Release
Reference number: 
4/2017

There is no viable alternative to a more political Eurozone, focusing more on the big priorities that matter for its citizens than on specific numerical targets and technical issues. Once again, the EESC calls on the European political leaders to accelerate the process of deepening Economic and Monetary Union (EMU) in order to ensure more convergence among the Member States and to make the EU as a whole more prosperous, competitive and resilient to external shocks, within a concept of shared sovereignty.

15/12/2016
EESC calls upon VP Katainen to operationalise investment plan without delay
Press Release
Reference number: 
72/2016

Last week the Council of Ministers decided to extend the European fund for strategic investments (EFSI 2.0), with an additional half a trillion euros of investments by 2020. The EESC Plenary today called for its immediate implementation, a geographically balanced coverage across the EU and ensuring the involvement of private capital. According to Alberto Mazzola, EESC rapporteur on EFSI: "We propose, while guaranteeing the proper use, an ever greater involvement of private capital: the bond market ...

17/03/2016
EESC encourages European Commission to go further in deepening EMU without delay
Press Release
Reference number: 
19/2016

At its plenary meeting on 17 March 2016, the European Economic and Social Committee gave a clear message to the European Commission, calling on it to draw up conclusive proposals which go further in completing Europe's Economic and Monetary Union without delay. In a package of opinions, the Committee put forward the points of view of the social partners and civil society on the package of proposals for Deepening EMU which the Commission published at the end of last year.

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