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 ...
The EESC welcomes the proposals concerning NPLs made by the European Commission, but recommends a specific impact assessment to ensure the suitability and effectiveness of the proposed measures
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 ...
The European Economic and Social Committee held a debate today on the state of the European economy and the prospects for deepening the Economic and Monetary Union (EMU) with Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs.
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.
El CESE presenta una serie de medidas para evitar la severidad de la austeridad en el futuro y mitigar los efectos negativos de la gestión de crisis anteriores
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.
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 ...
The EESC is currently working on an opinion on the proposal on extending EFSI. In the framework of the elaboration of the opinion, the Section for Economic and Monetary Union and Economic and Social Cohesion (ECO) organised on 10 November 2016 from 10 a.m. a public hearing on The extension of the duration of the European Fund for Strategic Investment (EFSI 2.0).
The first European Microfinance Day "What if we could turn job seekers into job creators?", is organised on 19-20 October 2015 at the EESC's premises in Brussels in a n partnership of the EESC with the Microfinance Centre (MFC) and the European Microfinance Network (EMN). It aims to raise awareness of microfinance as a tool to fight social exclusion and unemployment in Europe. A multitude of workshops, debates, expositions, meetings, etc. will take place at local level all across the EU-28.