The EU is transitioning from a model driven by growth to one predicated on sustainability, where the real level of well-being and development of our society is taken into account.
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EESC plenary debate with Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union
8 December 2021
Just before the summer break, Commissioner Mairead McGuinness joined an extraordinary meeting of the Diversity Europe Group of the EESC to debate the role of finance and banking in Europe's recovery.
The European Economic and Social Committee (EESC) calls for ambitious economic objectives to be set to strengthen the euro. This has become even more important given the pace of change in the global economy and the EU's current position in terms of innovation, competitiveness and fostering an investment-friendly regulatory environment.
The COVID-19 pandemic has caused a slowdown in the activity of many economic sectors and, at the same time, is giving rise to a significant shift in the global balance of power. In this context, the EU is looking for an appropriate strategy to strengthen its role as a global economic player, with policies aimed at boosting the international role of the euro, strengthening the resilience of EU financial market infrastructures and improving the implementation of sanctions imposed on third countries.
The European Economic and Social Committee (EESC) welcomes the Commission's new Action Plan on non-performing loans, but believes that it lacks new proposals fit for COVID-19 times, leaving Europe to face an extraordinary time with rules written for ordinary times.
- 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
Achieving the Sustainable Development Goals (SDGs) requires more than political commitment, says the European Economic and Social Committee. Increased investment, especially by the private sector, is needed to address current economic, social and environmental challenges. The Committee therefore advises the EU and its Member States to adjust their investment and tax policies to enhance growth prospects, and thereby private sector contributions, to accomplishing the SDGs.
Blockchain technology has the potential to transform society, but there is a need for legal clarity and certainty and therefore a common EU approach. This is the key message of an own-initiative opinion adopted by the European Economic and Social Committee (EESC) on 30 October, which also calls on the European Commission to launch a comprehensive initiative to make the EU a global authority in this field.
The EESC draws forward-looking conclusions from the 2019 Semester and the Committee's civil society consultations in the Member States