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Opinion
Hyväksytyt on 17/09/2015
Viite: 
ECO/378-EESC-2015-02060-00-00-ac-tra
Täysistunto: 
510 -
Sep 16, 2015 Sep 17, 2015

The Economy for the Common Good model proposes the transition towards a "European Ethical Market" which will foster social innovation, boost the employment rate and benefit the environment, for example through using indicators of wellbeing and social development beyond the GDP such as the Common Good Product and the Common Good Balance Sheet. The EESC considers that the Economy for the Common Good model is conceived to be included both in the European and the domestic legal framework and demands from the European Commission, in the framework of the upcoming renewed CSR strategy, to make a qualitative step in order to reward (in terms of public procurement, access to external markets, tax advantages, etc.) those enterprises that can demonstrate higher ethical performance.

ETSK:n lausunto: Economy for the Common Good

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Towards a better measurement of welfare and inequalities

Scoping study to identify potential circular economy actions, priority sectors, material flows and value chains - European Commission

The circular economy - Connecting, creating and conserving value - European Commission

Opinion
Hyväksytyt on 01/07/2015
Viite: 
ECO/379-EESC-2015-01333-00-00-ac-tra
Täysistunto: 
509 -
Jul 01, 2015 Jul 02, 2015

The EESC wants the conditions be created for an efficient, modern financial services sector with appropriate regulations, which grants access to capital providers by companies seeking investment, especially SMEs and high growth companies, and finds it of utmost importance to overcome the current fragmentation of the markets.

Since a Capital Markets Union (CMU) is to a significant extent a reality for large companies, the EESC stresses the need for measures that will also allow SMEs to benefit from it, for example through accepting simplified standardised criteria for registration on regulated markets, and providing a definition of an emerging growth and high growth company and devoting special attention to the needs of such companies on the capital market.

ETSK:n lausunto: Capital Markets Union

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Building a Capital Markets Union for the EU - Philip Tod, European Commission DG FISMA

Comments on the European Commission's Green Paper on a Capital Markets Union - U.S. Chamber of Commerce

Presentation on CMU by DG FISMA - ECO Section meeting 18-06-2015

Opinion
Hyväksytyt on 27/05/2015
Viite: 
ECO/376-EESC-2015-00551-00-00-AC-TRA
Täysistunto: 
508 -
May 27, 2015 May 28, 2015

The EESC is of the opinion that persisting imbalances as well as the creation of trust and confidence across Europe require more effective and democratic economic governance, notably in the Eurozone. It has become clear that the current system of rules underpinning the EU, and particularly the euro area, has created confusion on the legal, institutional and democratic fronts. A new approach is therefore needed. With this in mind, the Committee presents its contribution to the new five presidents' report which will propose next steps on better economic governance to the European Council in June. The EESC contribution summarises the different stages and puts forward institutional proposals and preparatory initiatives regarding the completion of the political pillar of the Economic and Monetary Union.

 

ETSK:n lausunto: Completing EMU: The political pillar

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Preparing for Next Steps on Better Economic Governance in the Euro Area - presentation by Baudouin Regout (European commission)

Completing Political Union: How the Euro-Union could work - presentation by Ulrike Guérot (The European Democracy Lab, European School of Governance, Berlin)

The political and institutional aspects of further euro area integration - presentation by Elmar Brok (European Parliament)

The political and institutional aspects of further EMU area integration - presentation by Bernard Snoy (ELEC)

The political and institutional aspects of further euro area integration - presentation by Johannes Lindner (ECB)

Opinion
Hyväksytyt on 19/03/2015
Viite: 
ECO/375-EESC-2014-07288-00-00-ac-tra
Täysistunto: 
506 -
Mar 18, 2015 Mar 19, 2015

The European economic governance rules, conceived in crisis, played an important role in fiscal consolidation and economic policy coordination, but the cost was high in terms of growth and employment. The quantitative easing measures now being embarked upon by the European Central Bank need to be matched by greater political initiatives by the Member States. In the review of the Multiannual Financial Framework in 2016, there is a need to back urgent structural reforms of common EU interest with some form of fiscal capacity. A reasonable deviation from the 3% deficit parameter should be considered as a temporary exception for a given number of years and not be automatically liable to sanctions. A lack of implementation of country-specific recommendations (CSRs) could be countered by real involvement of civil society and the social partners in drawing up CSRs.

ETSK:n lausunto: Economic governance review

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IIEA Economic Governance Group - Submission on Analytical Note “Preparing for Next Steps on Better Economic Governance in the Euro Area”

Opinion
Hyväksytyt on 19/03/2015
Viite: 
ECO/374-EESC-2014-07287-00-03-ac-tra
Täysistunto: 
506 -
Mar 18, 2015 Mar 19, 2015

The EESC welcomes the Investment Plan for Europe as a step in the right direction, which however faces serious questions about the Plan's size and timescale, the high degree of leverage expected and the potential flow of suitable projects. The Plan proposes that contributions to the European Fund for Strategic Investments (EFSI) from Member States will not be included in budget deficit calculations and this is to be welcomed, but it begs the question as to why ongoing strategic public infrastructure expenditures are not treated in the same way. Strategic public investment which underpins present and future economic development should be incentivised by a more benign European fiscal framework.

ETSK:n lausunto: An Investment Plan for Europe

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Achim Truger - Implementing the Golden Rule for Public Investment in Europe

Opinion
Hyväksytyt on 18/02/2015
Viite: 
ECO/371-EESC-2014-04516-00-01-AC-TRA
Täysistunto: 
505 -
Feb 18, 2015 Feb 19, 2015

The EESC considers it vital to preserve the "biodiversity" of the financial system, without this meaning the arbitrary application of rules. In this context the Committee applauds the consideration the European Commission has given to the introduction of calibrated financial regulation frameworks to consider the specificities of cooperative and savings banks that avoid the undesirable effects of uniform application of prudential rules and possibly an overload of administrative burdens.

ETSK:n lausunto: Role of cooperative and savings banks in territorial cohesion

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