The EESC welcomes the implementation of the remaining elements of the international standards agreed by the Basel Committee for Banking Supervision, from the perspective of both timing and substance, as they are meant to enhance the stability of the financial market in the EU, and thus not to expose European citizens to increased financial market risks. The EESC also stresses that financial market stability is a crucial prerequisite for overall economic stability, whereas the sound regulation and surveillance of the banking sector is essential in order to prevent the threat of turbulences and crisis.
The EESC considers the five missions as high priorities for the EU and highlights that the competitiveness of Europe's industry is very important for their achievement.
At the same time, the EESC underlines the importance of considering the impact on EU citizens and encourages the Commission to strongly link activities to social policies and the European Pillar of Social Rights, taking in particular into account the special needs of elderly and vulnerable EU citizens.
The EESC strongly supports the idea of empowering 150 climate benchmark regions throughout Europe and therefore strongly recommends increasing the portion of the EU regional budgets earmarked for R&D from the current figure of 5% to a minimum of 10%.
The EESC considers following five additional challenges and missions to also be very important for Europe:
The EESC welcomes the Commission initiative for the strategy on business taxation in the 21st century. The EESC strongly supports and appreciates the fact that the Commission is aligning its work with the international discussions and agreements and encourages the Commission to pursue its Action Plan for Fair and Simple Taxation Supporting the Recovery Strategy. The EESC is calling for uniform and globally concerted and coordinated implementation of Pillars 1 and 2 of the OECD agreement.
Download — EGSZB-vélemény: Business Taxation for the 21st Century
On 16 July 2021 the Commission adopted its proposal for a Council Recommendation on ‘A Pact for Research and Innovation in Europe' to support the implementation of national European Research Area (ERA) policies.
Download — EGSZB-vélemény: Pact for Research and Innovation in Europe
The proposal builds on 2030 Digital Compass, in which the Commission laid out the vision for a successful digital transformation of Europe's economy and society by the end of the decade. It introduces now a robust governance framework to reach the digital targets in the form of a Path to the Digital Decade.
Download — EGSZB-vélemény: Decision of the European Parliament and of the Council establishing the 2030 Policy Programme “Path to the Digital Decade”
Micro, small and medium-sized enterprises (MSMEs) face challenges in the area of digitalisation and access to artificial intelligence, but this segment can take great advantage of the opportunities offered by artificial intelligence.
The main objective of the opinion is to propose concrete measures which can be easily implemented in order to avoid MSMEs being “left behind” from the transition to artificial intelligence. The main issues to be addressed are: the use of new technologies to offer innovative products and services and strengthen Europe’s capacity to invest in disruptive innovations; create closer links in the field of artificial intelligence (AI) between universities and public administration, on the one hand, and businesses, in particular SMEs and micro-enterprises, on the other; support the MSMEs in recruiting and ensuring skills development for their employees to cope with the technological changes brought about by AI; facilitate the access to EU funding.
Download — EGSZB-vélemény: Developing Artificial Intelligence in European micro, small and medium-sized enterprises (MSMEs)
