Cohesion policy is key to overcoming the COVID-19 crisis, to achieving climate neutrality by 2050 and to reducing disparities in Europe. Its most serious challenge for the foreseeable future, however, is the war in Ukraine, the EESC cautions in a recent opinion. Rapid action is needed to help refugees and ensure the country's European integration.
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The European Economic and Social Committee is calling on the European Commission to carry out more targeted impact assessments of its proposals for new EU budget funding sources to repay NextGenerationEU debt. The EESC generally agrees with the proposed EU "own resources" revenues for the budget. However, they need to be stable and fair – and should not burden households or businesses.
In its resolution on the involvement of organised civil society in the implementation and monitoring of the National Recovery and Resilience Plans (NRRPs) the European Economic and Social Committee calls for clear rules to effectively involve social partners and civil society organisations in the Member states' strategies to bring the economy back on track.
Debate on 'European responses to strengthen our economies and societies against the background of the current geo-political context'
Trillions of euros are needed for Europe's economic recovery. EU proposals for accessible investment data and long-term funding must be more flexible and promote a transparent level playing field, to include more investors and businesses in capital markets.
Taxation is a major tool for financing the recovery, as well as the digital and green transition. But the old national and international rules are no longer fit for some of the new business models used today. In an opinion adopted during its March plenary, the European Economic and Social Committee (EESC) welcomed the European Commission's (EC) proposed Directive on a global minimum level of taxation for multinational groups in the EU. However, the Committee also points out possible shortcomings in the proposal and suggests key additions.
In an opinion adopted during its March plenary, the European Economic and Social Committee (EESC) welcomed the European Commission (EC) proposal to implement the remaining elements of the Basel III international standards in the EU. The aim is to strengthen the resilience of the banking sector while ensuring that it continues to finance economic activity and growth. But the EESC also calls on the EC to find a proper balance between faithful implementation, and the need to reflect the specificities of the EU economy and banks.
Ensuring effective and fair taxation across the Single Market is crucial to stimulating a real recovery after the COVID-19 pandemic. In an opinion adopted at its March plenary session, the European Economic and Social Committee (EESC) supported the European Commission (EC) proposal on the misuse of shell companies for tax purposes. This is purely a tax directive proposal, however, and the Commission needs to dig deeper into the topic, and address other key issues related to shell companies.
In an opinion adopted at its plenary session on 23 February, the European Economic and Social Committee (EESC) welcomed the communication of the European Commission (EC) on this year's Annual Sustainable Growth Survey, outlining the priorities and guiding principles for the 2022 European Semester cycle. The Committee applauded the unprecedented actions of solidarity taken by the EU in dealing with the COVID-19 crisis. The impact on economic activity, however, has been significant, and the level of uncertainty in Europe continues to rise.
The rules of Solvency II, the 2009 EU regulatory framework for insurance firms, have proved their worth but need to be adapted to new circumstances. In an opinion adopted at its plenary session on 23 February, the European Economic and Social Committee (EESC) welcomed the initiative of the European Commission (EC) to revamp Solvency II. The Committee stresses the considerable interest of civil society in ensuring the stability of the financial sector, and therefore calls for sound capital requirements and risk preparedness in the insurance sector.
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