The EESC welcomes the approach taken by the annual growth strategy for 2020, based on the four key pillars that are the environment, productivity, stability and fairness and also welcomes the inclusion of the United Nations' 2030 Sustainable Development Goals. It also welcomes the fact that social rights are highlighted in the 2020 growth strategy and hopes that special attention will be given to the gender issue. Long term investment in education, training and skills development and to boost research and innovation, with increased funds earmarked for them, is absolutely crucial and decisive for the EU competitiveness. The greatest priority of all is to restore sustainable growth, above all in the weakest countries and regions. Finally, the EESC agrees on the need to strengthen the stability and resilience of the financial system and tighten the rules governing the financial markets.
Annual Growth Survey 2019 (additional opinion) - Related Opinions
This additional opinion complements and updates the proposals made in the yearly EESC AGS opinion. The EESC welcomes country-specific recommendations focus on investment and underlines that special attention must be paid to productive investments and investment in social infrastructure to prioritise sustainable growth. Next year's cycle should contain more CSRs to combat the existential threat of climate change. Investment would also be needed to enable the implementation of the social pillar to prevent an increase of social, economic, and environmental inequality. Taxation should favour this type of investment.
The absence of economic and social convergence among Member States and regions is a threat to the political sustainability of the European project and all the benefits it has brought to European citizens. Developing economic and labour market resilience with economic, social, environmental and institutional sustainability should be the principle guiding policies. This will foster upwards convergence and fairness in the transition towards a climate-neutral economy while managing the challenges posed by digitalisation and demographic change.
This own-initiative opinion will focus on the interface and inter-linkages between the European semester and Cohesion policy under the new Multiannual Financial Framework with a view to developing policy proposals to improve sustainable growth performance. With the Europe 2020 Strategy coming to an end, these proposals can contribute to the preparation of a new European strategy post-2020.
The EESC welcomes the Investment Plan for Europe for its contribution to the promotion of investment in the EU. The Committee calls for clearly set investment targets, regulatory simplification and further guidance in order to achieve greater geographical and sectoral balance. The EESC advocates for strengthened financial capacity for the InvestEU programme within the Multiannual Financial Framework 2021-2027 and calls for more efforts to raise awareness among European businesses and citizens about the benefits obtained from the Investment Plan for Europe.
In a context where the European Commission proposed the reiteration of the 2018 Employment guidelines, the EESC opinion refers to and builds on the findings and recommendations it made in its 2018 opinion. Furthermore, it develops some additional aspects in view of recent developments and documents of the European Commission – such as the 2019 country reports. Thank you for clicking on the title of the opinion to read some more on the opinion's content!
The objective of this proposal is to provide an update of EESC's positions related to the cohesion package presented by the Commission on May 2018. While the discussions in the Council and the Parliament are still ongoing, this opinion will reflect better the developments in view of a successful cohesion policy in the post-2020 period.
The Romanian presidency who has asked for this opinion proposes that the conclusions drawn in this opinion could stimulate the informal ministerial debate of the cohesion ministers to be held in April 2019.
The EESC is of the opinion that building economic resilience, an objective that underlies the recommendations of the European Commission on the economic policy of the euro area, is of the utmost importance for the euro area economies. However, the Committee would like to stress that the pursuit of economic resilience should go hand in hand with increased labour market resilience, that is, the capacity of labour markets to weather shocks with limited social costs.