The EESC draws mixed conclusions from the European Commission's growth survey
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The government, representatives of organised civil society and other interest groups call for fresh impetus for the European Union
- Economic resilience and labour market resilience must go hand in hand
- Commitment to deepening EMU through stabilisation and upward convergence is crucial
- Urging Member States into contractionary fiscal stances may be problematic
Sovereign bond-backed securities (SBBS) can contribute to a greater diversification of and a risk reduction for sovereign bond portfolios held by banks and other financial operators. This could have a positive impact on the stability and resilience of the financial system and improve financial market integration.
The EESC firmly believes that cohesion policy is a key element for Europe's future, warranting sufficient resources and appropriate reform. It therefore rejects the Commission's proposal that the cohesion policy budget be cut back for the next programming period (2021-2027) and points to the potentially harmful effect on effectiveness, profile and reputation.
At its October plenary session, the EESC adopted a package of three opinions on EU economic governance, providing European decision-makers with new input for the ongoing discussions on deepening Economic and Monetary Union (EMU) and the next European Semester exercise.
The new EESC European Semester Group reflects the growing importance of the European Semester and the lack of involvement and policy contributions on the part of social partners and civil society organisations in the process
The EU crowdfunding framework proposed by the European Commission will help to build a capital markets union, foster innovation and support entrepreneurs and SMEs across the EU, says the European Economic and Social Committee (EESC) in a recently adopted opinion, which strongly supports the Commission's proposals. The proposed regulatory framework – a 29th regime, to exist in parallel with the 28 national regimes – will allow small, young and innovative enterprises in particular to strive for financing in all EU Member States.
The EESC welcomes the proposals concerning NPLs made by the European Commission, but recommends a specific impact assessment to ensure the suitability and effectiveness of the proposed measures