The European economy loses over 2% of productivity per year due to a mismatch of skills, according to a recent study commissioned by the European Economic and Social Committee. This means a loss of 80 eurocents for each hour of work. The situation will get even worse in the future due to demographic trends and ongoing technological developments, if no reforms are undertaken.
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.
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 ...
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.
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 ...
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.
The event aims to discuss the challenges and opportunities facing the European Union in the post-2020 era. The discussions will focus on the programme of the new European Commission, which will be taking up office in just a few weeks' time. The speakers will also exchange views on a wide range of topical issues, such as the challenges posed by new technologies, Brexit, sustainable development and the development of Europe’s Green Deal. The event will be addressed by Deputy Prime Minister Dr Chris Fearne and by leading local business representatives and stakeholders in the European institutions.
The European Standardisation System must become as inclusive as possible, to involve a wide range of participants (representative of businesses of all sizes, consumers and societal stakeholders such as trade unions, environmental NGOs, etc.) and develop close cooperation among partners (European Standardisation Organisations (ESOs), National Standardisation Bodies (NSBs) and public authorities at the European and national levels).
As productivity continues to increase, providing highly-specialised and certified-quality products becomes ever more important for boosting economic well-being, more so than mass low-cost production. Moreover, the increasing focus on the integrated use-value of products and services now offsets the emphasis on the exchange value - the price.
This development is particularly advantageous for European producers: our competitiveness relies on our ability to provide diverse, specialised products, rather than on competing on price against regions with more extended economies of scale.
On 16 September, the Diversity Europe Group held its Extraordinary meeting in Helsinki (Finland) - at the Auditorium (Annex Building of the Parliament).
The meeting entitled Boosting EU competitiveness – 3 pillars for sustainable growth will mainly focussed on bioeconomy and climate neutral Europe, digitalization and infrastructure in transport sector.