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This own-initiative opinion constitutes the contribution of the ECO section to the 2025 EESC transversal own-initiative opinion package on the cost-of-living crisis, looking at specific economic policy measures that can help make the European economy future-proof.

In its opinion on 'Additional considerations on the euro area economic policy 2024', the EESC urges closer coordination of national budgetary policies and considers instruments like NextGenerationEU essential for future stability. 

The EESC recommends including similar tools in the EU’s future financial frameworks to ensure resilience and fiscal sustainability. 

The Committee calls for the completion of the Capital Markets Union to prevent investors from migrating to global markets, prioritising financial market stability and consumer protection, and highlights the need to fully implement the Banking Union by addressing regulatory disparities across Member States, creating a common deposit insurance scheme, and mobilising financial resources for European infrastructure projects.

EESC with this Resolution, calls on the Member States of the European Union and its leaders, the European institutions and the EU citizens, to safeguard and protect the economic, social and territorial cohesion of the EU according to Article 174 of the TFEU.

The fundamental principle of cohesion policy, according to which ‘no one should be left behind’, remains sound and valid. Civil society partners are ready to continue working towards it by means of a solid EU investment policy.

On 13 June 2023 the EC proposed a Council Recommendation on developing social economy framework conditions and noted that taxation policies can have "a significant role in fostering the social economy and ensuring that social economy entities can afford to operate alongside mainstream businesses, creating a more equitable business environment while contributing to social inclusion and improved access to employment". Given the wide and general approach of EC proposal – including inter alia references to the role of State aid, public procurement, and European funds – the above-mentioned taxation aspects need to be analysed and considered by the EESC.

The European Council of December 2023 discussed the EU enlargement policy, including the stabilisation and association process and next steps in this respect. The enlargement policy will be one of the top priorities for the next coming years. One of the most important aspects of the enlargement process will be the cohesion policy and the structural funds.

The need for a structural policy to be applied following enlargement is justified both by the external necessity of reducing the gap between the applicant countries and the EU average and by the internal necessity of combating increasing disparities amongst and within accession countries.

Already in 2018 the European Commission has proposed a Regulation on a mechanism to resolve legal and administrative obstacles in a cross-border context for the programming period 2021-2027. At the time, the EESC has adopted its opinion on 19 September 2018, and the European Parliament adopted its first-reading position on the proposal in February 2019. However, the Council's working party on structural measures decided to cease work on the proposal in May 2021. In October 2022, to break the impasse and take the lead on this issue, the EP's Committee on Regional Development started drawing up a legislative-initiative report, calling on the Commission to present a new legislative proposal. The EP voted the report at its September 2023 plenary session.