This brochure presents the EESC's opinions, position papers, resolutions and statements calling for the necessary measures to be taken at EU level, or commenting on those that have already been put forward, in order to tackle the economic effects of the COVID-19 pandemic. We pushed for a reconstruction and recovery plan that lives up to this unprecedented challenge.
SERVIZI FINANZIARI E MERCATI DEI CAPITALI - Related Publications
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The EESC Employers' Group strives for a business environment that contributes to sustainable development, while keeping the EU's economy resilient and resourceful in an ever-changing world. Our Political Priorities beyond 2020 explain how to achieve this goal by fostering EU values, strengthening the EU's economic foundation, bringing the EU to the digital forefront and seizing opportunities provided by proactive climate action.
Position paper of the EESC Employers’ Group
The corona crisis is a huge human and societal tragedy for Europeans and for people throughout the world. Tackling its diverse impacts requires a series of measures, from coping with the emergency stage and proceeding via recovery and rebuilding towards long-term success and stability. Businesses that manage to recover well and succeed are key to the recovery of the EU economy as a whole.
The corona crisis is changing the global economy daily, with the results still being uncertain. The crisis has hit all sectors, from services to industries and agriculture. The most serious problems have been encountered by SMEs and micro-entrepreneurs who have had their businesses disappear and are in a very critical situation.
To limit the economic and social damage caused by this critical situation, a series of measures is needed, extending from coping with the emergency stage towards recovery and rebuilding.
After the financial crisis, it became clear that the fragmented environment in the EU made it difficult to deal decisively and effectively with problems, particularly in the financial system. A common and cross-border approach became essential/were needed. The challenge was to make the financial institutions and markets more stable, competitive, safe and resilient. From that perspective, the plans for a fully-fledged banking union and a capital markets union were the right response.
In this brochure, we have put together a series of semester-related opinions and an information report in which the EESC makes policy recommendations on the various elements of the European Semester.
"Achieving sustainable growth in a competitive world is challenging. The challenge is even greater for the European Union, as the Old Continent faces a severe competitiveness deficit. Without entering into a health review, that could be delivered at a further stage, of each of the 28 Member States, the ambition of this study is to draw-up a comprehensive picture of EU economic growth.
Small and medium-sized enterprises (SMEs) are the backbone of the EU economy. According to Commission estimates, the overall contribution of SMEs to EU-27 value added was more than 57% (EUR 3.4 trillion) in 2012. Although the role of SMEs in the EU economy is crucial and their well being should be a priority for European policymakers, they struggle with access to finance, especially in the countries severely hit by the crisis. The Greek experience can and should be taken as a case study and conclusions drawn on how to improve the system for the future.
Completion of the Single Market is one element necessary for the European venture to succeed. The EESC has a key role to play here, for the good of both consumers and business. To this end, the EESC set up a Single Market Observatory (SMO) in 1994, with the support of the European Commission, the European Parliament and the Council. The SMO is made up of 33 members representing European civil society organisations. Its aim is to monitor how the Single Market operates in practice, identify where the problems are and help legislators remedy existing shortcomings.
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