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.
It is vital to foster economic growth; only if Europe has a strong economy, can it better face the political and social challenges that stand before it. This was one of the main messages of the EESC opinions adopted yesterday in Brussels. The EESC calls for more investment– both private and public – directly in the countries that need it most. The EU body representing Civil Society also finds that the Juncker plan is not enough ...
The European Economic and Social Committee held a debate today on the state of the European economy and the prospects for deepening the Economic and Monetary Union (EMU) with Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs.
Last week the Council of Ministers decided to extend the European fund for strategic investments (EFSI 2.0), with an additional half a trillion euros of investments by 2020. The EESC Plenary today called for its immediate implementation, a geographically balanced coverage across the EU and ensuring the involvement of private capital. According to Alberto Mazzola, EESC rapporteur on EFSI: "We propose, while guaranteeing the proper use, an ever greater involvement of private capital: the bond market ...
At its plenary meeting on 17 March 2016, the European Economic and Social Committee gave a clear message to the European Commission, calling on it to draw up conclusive proposals which go further in completing Europe's Economic and Monetary Union without delay. In a package of opinions, the Committee put forward the points of view of the social partners and civil society on the package of proposals for Deepening EMU which the Commission published at the end of last year.
The European Economic and Social Committee (EESC) has pronounced itself in favour of a simple, transparent and standardised securitisation system in Europe. While Europe is still feeling the aftershock of the 2008 financial crisis, triggered by an uncontrolled and runaway securitisation system in the US, why is this now back on the table? Because a new securitisation system in Europe can still be secure, given certain conditions, and can create growth through the unlocking of additional credit.
Bank crisis management and deposit insurance scheme. A step towards the completion of the Banking Union
The ECO Section organizes this public hearing to discuss on the current framework on resolution and insolvency, supervision, and bank deposit insurance scheme, and its reform. This event will bring institutional actors and civil society. Its conclusions will feed the work on the exploratory opinion on bank crisis management and deposit insurance – 2022 Eurogroup proposal, at the request of the future Spanish Presidency of the Council.
With this debate, the ECO section is providing ex-ante input to the European Commission, in preparation for the upcoming 2023 strategic foresight cycle that wants to shed light on the strategic decisions needed to ensure a socially and economically sustainable Europe with a stronger role in the world in the coming decades.
The EESC organised a hearing with the title: "Recapitalising EU companies. An innovative way towards sustained and inclusive recovery" in order to present the views of relevant stakeholders, including SMEs, on equity funding.
The market of crypto assets continues to grow, bringing with it both opportunities and challenges. Whilst it is important to harvest the potential the technological innovations offer, the associated risks have to be closely monitored. The hearing will take stock of new developments in the crypto sector, raise awareness, and come up with policy proposals to tackle emerging risks, in order to protect consumers and preserve financial stability.