The European Economic and Social Committee (EESC) has used an own-initiative opinion to call for sufficient funding resources to be put in place for implementing the European Pillar of Social Rights. Adopted at its plenary session on 19 April 2018, the opinion calls for improvements in the Member States and a robust commitment in terms of budget, investment and current spending to make the Social Pillar a reality.
You are here
High-level conference on "The Multiannual Financial Framework post 2020: Challenges and opportunities" with the participation of representatives from the European Commission, the European Parliament and the Council presidency.
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.
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.
On 6 March 2018, the Various Interests Group of the European Economic and Social Committee (EESC), will organise a conference in Sofia, Bulgaria, entitled 'Supporting Vulnerable Regions and Citizens: boosting sustainable growth and cohesion'. The event will take place at the Boyana conference centre, which has been kindly made available to the EESC by the Bulgarian Presidency of the Council of the EU.
A European Economic and Social Committee (EESC) hearing has drawn up preventive measures and alternative approaches for future crises
The EESC notes that although economic recovery in the euro area has gathered pace since last year, it remains incomplete and atypical. It disagrees with the European Commission's proposal for an overall broadly neutral fiscal stance and instead proposes a positive fiscal stance of around 0.5% of GDP. It welcomes structural reforms that will not only increase productivity and growth potential, but also support the creation of quality jobs and reduce inequality. It supports the necessary steps for deepening the Economic and Monetary Union (EMU), as well as the measures against tax fraud and tax avoidance.
The EESC welcomes the new set of measures proposed by the European Commission to complete the Economic and Monetary Union (EMU) and move towards an optimal monetary zone. The EESC supports the various proposed goals for reinforcing the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM). The EESC welcomes that the present communication provides scope for a broader discussion and for a phased approach to implementing the European Deposit Insurance Scheme (EDIS) and underlines the importance not to lose momentum in implementing the Banking Union. Finally, the EESC reiterates its commitment to a diverse financial ecosystem in which the large pan-European players coexist with small and medium-sized banks and other non-banking entities that focus reliably on the financing of the real economy on an equal footing, in an environment of much reduced systemic risk.
This opinion is on the Annual Growth Survey 2018 (AGS), which establishes the main economic priorities and provides policy guidance for the following year. The European Commission published the 2018 AGS on 22 November 2017 as part of the European Semester Autumn Package. The 2018 AGS is focused on fostering job creation and growth and establishes three main priorities: boosting investment to support the recovery and to increase long-term growth; structural reforms for inclusive growth, upward convergence and competitiveness; responsible fiscal policies to support sustainability and convergence.
Looking back at the achievements of the Maltese Presidency and in particular at the progress made by the business community – this was the focus of a debate during the last Employers' Group meeting on 20 September, with the participation of the Employers' Group members and the presidents of the three major Maltese employers' organisations.