The European Economic and Social Committee (EESC) welcomes the Commission's new Action Plan on non-performing loans, but believes that it lacks new proposals fit for COVID-19 times, leaving Europe to face an extraordinary time with rules written for ordinary times.
Majandus- ja rahaliidu ning majandusliku ja sotsiaalse ühtekuuluvuse sektsioon (ECO) - Related News
In a debate at the EESC plenary session on 25 March, the Executive Vice-President of the European Commission for an Economy that Works for People, Valdis Dombrovskis said that most of the national recovery and resilience plans (RRPs) are still at an early stage and that "there is still a lot of work to do before the plans are mature enough". He also stressed that trade policy has a key role to play in getting the EU economy back on track.
Italy's national anti-mafia prosecutor Federico Cafiero De Raho has called on Europe to act as a single country against organised crime, with enhanced monitoring systems and immediate judicial responses. An online conference hosted by the EESC discussed the ability of mafias to infiltrate the legal economy, and the even more dangerous threat this poses at a time of pandemic.
The European Economic and Social Committee (EESC) broadly supports the Commission's legislative proposals on more efficient and fair taxation and praises their coordination at global level.
The European Economic and Social Committee (EESC) has adopted its position on the EU's economic priorities for 2021. It welcomes the steps taken in the strategy to address the challenges of the COVID-19 pandemic in the context of the European Green Deal, but is disappointed that the strategy proposed by the European Commission devotes too little attention to social issues. It also warns against phasing out support measures too early and advocates establishing new fiscal rules that will reflect social and economic realities after the pandemic.
The European Economic and Social Committee (EESC) supports the digital financial package proposed by the European Commission. While digitalisation brings major opportunities, it also presents risks for the EU financial sector that cannot be overlooked and require swift action.
In its opinion on the Euro area's economic policy for 2021, the European Economic and Social Committee welcomes the Commission's recommendations, but calls for a shift in fiscal rules towards a more prosperity-oriented form of economic governance, including a golden rule for public investment.
The RRF is still under negotiation, but according to the EU institutions the involvement of civil society will be fundamental both in the design and implementation phases of the national recovery and resilience plans.
Taking into account the disastrous social and economic impact of the COVID-19 crisis, the EESC has adopted two additional opinions on the Annual Sustainable Growth Strategy and on the euro area economic policy.
The European Economic and Social Committee (EESC) highlights the need for an urgent reform of the current European economic governance framework, with a view to increasing people's economic and social well-being and ensuring that no one is left behind.