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.
This exploratory opinion, requested by the Lithuanian presidency, sheds light on the specific contribution that State-owned enterprises can make to the EU's competitiveness. It pinpoints the specific challenges that exist in this area for EU policy and the European institutions. As part of its consideration of the way in which public undertakings could contribute more to the EU's economic recovery and competitiveness, the Committee has addressed the issue of Europe's Services of General Economic Interest in a number of opinions. The EESC also raises the question of the economic activities of the EU's executive agencies, wondering if they are truly independent, while their tasks and responsibilities lead them to be directly involved in socio-economic activities.