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 ...
Participants in the discussion with the president of the CoR, Markku Markkula, agreed that the agendas of the European Committee of the Regions and the European Economic and Social Committee were often aligned and that both advisory bodies should step up their cooperation in order to benefit from these synergies.
The economy for the common good in the spotlight at the European Parliament
At an event organised in the European Parliament on 10 December 2015, EESC member Carlos Trias Pintó discusses with European policymakers and key stakeholders how to further advance towards a "European Ethical Market" based on the principles set out in the "Economy for the Common Good".
Euroopa Majandus- ja Sotsiaalkomitee tellitud uue uuringu kohaselt loovad piiriülesed teenused uusi töökohti ja majanduskasvu. Neil on positiivne mõju kõigile ELi riikidele ja eri liiki töökohtadele – nii tööjõu- kui ka teadmusmahukatele töökohtadele. Dokumendist selgub, et piiriüleste teenuste siseturu range reguleerimise vältimine on ELi majandusele kasulik. Piiriüleste teenuste osakaalu vähendamine 1 % võrra läheks ELi majandusele maksma umbes 8 miljardit eurot.
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.