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Opinions in the spotlight

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Adopted on 17/10/2018
Hivatkozás: 
CCMI/158-EESC-2018
Plenary session: 
538 -
Oct 17, 2018 Oct 18, 2018

The aeronautical industry is one of the EU's key high-tech sectors in the global market. The industry directly employs 500 000 people in high quality jobs (1 million adding indirect jobs) and consists of an ecosystem of large and small companies covering the entire spectrum of aeronautics. (Source: ASD Facts and Figures)

The EU aeronautical industry is a technological leader in its field and currently has a market share of about one third of the global market. The industry provides a positive contribution to the EU trade balance (EUR 46 billion in EU exports). (Source: ASD Facts and Figures)

This leadership should not be taken for granted since the industry faces many challenges.

Adopted on 17/10/2018
Hivatkozás: 
ECO/466-EESC-2018-02766-00-00
Plenary session: 
538 -
Oct 17, 2018 Oct 18, 2018

The EESC supports the Commission's Action Plan on financing sustainable growth, aimed at reorienting capital flows towards sustainable investment, and welcomes the legislative proposals stemming from it, on fiduciary duties, a taxonomy and benchmarks. The proposed gradual approach for its implementation, beginning with the work on a European sustainability taxonomy, is preferable. However, a subsequent extension of the initial taxonomy, based on environmental aspects, to social sustainability and governance goals will be necessary. Attention should be paid to the feasibility and proportionality of legal obligations.

 

EESC opinion: Institutional investors' and asset managers' duties regarding sustainability

Adopted on 17/10/2018
Hivatkozás: 
ECO/467-EESC-2018-02767-00-00
Plenary session: 
538 -
Oct 17, 2018 Oct 18, 2018

The EESC supports the Commission's Action Plan on financing sustainable growth, aimed at reorienting capital flows towards sustainable investment, and welcomes the legislative proposals stemming from it, on fiduciary duties, a taxonomy and benchmarks. The proposed gradual approach for its implementation, beginning with the work on a European sustainability taxonomy, is preferable. However, a subsequent extension of the initial taxonomy, based on environmental aspects, to social sustainability and governance goals will be necessary. Attention should be paid to the feasibility and proportionality of legal obligations.

 

EESC opinion: Sustainable Finance: Taxonomy and Benchmarks

Adopted on 17/10/2018
Hivatkozás: 
ECO/471-EESC-2018-02774-00-00
Plenary session: 
538 -
Oct 17, 2018 Oct 18, 2018

The EESC welcomes these proposals on sovereign bond-backed securities (SBBSs), which fit into the broader context of completing the Banking Union and building a Capital Markets Union (CMU). Moreover, the proposals also have the potential to make a positive contribution to financial stability and resilience. The EESC has been strongly advocating a weakening of the link between banks and their home countries ("sovereigns") and therefore welcomes that SBBSs aim to contribute to this. The EESC considers that in conceptual terms, the idea of SBBSs is an attractive one and feels that the only way to find out whether banks will switch from bonds from their home countries to SBBSs for their investments and whether investors will be prepared to buy "junior" tranches in sufficient quantities to justify the creation of SBBSs, is to test this new financial instrument - the SBBS - on the market.

Adopted on 17/10/2018
Hivatkozás: 
ECO/472-EESC-2018-3054
Plenary session: 
538 -
Oct 17, 2018 Oct 18, 2018

The EESC welcomes and endorses the rationale behind the establishment of the Reform Support Programme. However, the EESC believes that, in order to launch the programme successfully and obtain the expected benefits, better responses are needed to a number of still open questions.

 

EESC opinion: Reform Support Programme

Adopted on 17/10/2018
Hivatkozás: 
ECO/473-EESC-2018-3003-00-00-AC-TRA
Plenary session: 
538 -
Oct 17, 2018 Oct 18, 2018

The EESC considers the proposed European Investment Stabilisation Function (EISF) as a step towards closer euro area integration, and possibly an attempt to encourage non-euro Member States to join the single currency. However, the EESC is of the view that a well-crafted union-wide insurance scheme that acts as an automatic stabiliser amidst macroeconomic shocks would be more effective than the proposed EISF.

 

EESC opinion: European Investment Stabilisation Function

Adopted on 17/10/2018
Hivatkozás: 
ECO/475-EESC-2018-02936-00-00
Plenary session: 
538 -
Oct 17, 2018 Oct 18, 2018

The EESC agrees with the aims of the Council Recommendation and with some of its proposals. However, it expresses its disagreement with the proposal for the aggregate fiscal stance of the euro area to be neutral, as well as with the way that the recommendation on salaries is formulated.

 

EESC opinion: Euro area economic policy 2018 (additional opinion)

Adopted on 19/09/2018
Hivatkozás: 
ECO/464-EESC-2018-02789-00-00-AC-TRA
Plenary session: 
537 -
Sep 19, 2018 Sep 20, 2018

The EESC underlines European territorial cooperation (ETC) is a unique instrument of cohesion policy and one of the very few frameworks in which national, regional and local players from different Member States are systematically called upon to carry out joint measures and exchange practices and strategies.

 

EESC opinion: Regulation on European Territorial Cooperation 2021-2027