The EESC supports the general principles of this program but believes it should also strengthen the support and advice to SMEs in consultation with all professional organizations. The Committee also considers that promoting access to finance and encouraging an entrepreneurial culture should be the core issues of this new regulation.
Trillions of euros are needed for Europe's economic recovery. EU proposals for accessible investment data and long-term funding must be more flexible and promote a transparent level playing field, to include more investors and businesses in capital markets.
- European Green Deal must lead to more economic prosperity and convergence
- Sustainable growth must be a top priority
- Measures to close the investment gap are essential
The EESC draws forward-looking conclusions from the 2019 Semester and the Committee's civil society consultations in the Member States
Having SME policy as a horizontal priority is an indispensable way to address numerous, cross-cutting challenges that they are currently facing. Current trends cause bigger challenges for SMEs than for bigger companies. Therefore, it is high time for policy makers to act upon it. This was discussed at the conference "Placing European SMEs at a horizontal priority in post-2020 policy making process". The conference took place on 24 October 2019 in Chania, Greece and was organised by the Employers' Group, Chania's Traders Association and the Hellenic Confederation of Commerce and Entrepreneurship.
"An open economy and open society are key enablers of European prosperity, wellbeing and way of life" states the Helsinki Declaration on Open Europe. The declaration was signed by the EESC Employers' Group, the Confederation of Finnish Industries EK and Finland Chamber of Commerce during the conference "An open Europe – How does it benefit us all?" on 9 October in Helsinki, Finland.
At its plenary session in July, the European Economic and Social Committee presented proposals for the economic agenda of the upcoming legislative period (2019-2024) and recommended that they should form the basis of a new European economic strategy. The Committee's proposals seek to develop more resilient and sustainable EU economic policies within an improved governance framework for the Economic and Monetary Union.