Crescita

The EESC regrets, that the Commission has once again refrained from presenting the Annual Sustainable Growth Survey (ASGS) and stresses that sustainable economic growth is a necessary condition for Europe to meet its multiple commitments, welcomes the European Macroeconomic Report, which provides a deep dive into the underlying structural challenges facing the EU and the new recommendation on human capital, which is a crucial element in filling the EU technological gap, also taking into account the EU demographic challenge. The Committee reiterates its call for more robust common fiscal capacity, supported by targeted issuances of joint debt, to help fill this growing gap in public investment, and for permanent macroeconomic stabilisation instruments to address shocks.

The EESC supports the objectives of the Commission's package on securitisation, and recommends to ensure that the freed-up capital is used to fund the real economy, introduce safeguards for consumers and investors, guarantee financial stability, and avoid weakening, to the extent possible, international standards.

Among the measures to make it possible, the EESC recommends a two-years reporting period, the introduction of a fast-track mechanism, taking additional measures to preserve the long-term relationship between lenders and borrowers, and introducing social, environmental and governance information in the revised reporting templates.

The EESC emphasises that peace must remain a core EU priority and cautions against focusing solely on military threats while overlooking other serious risks to human life. It stresses the importance of diplomacy for conflict resolution and crisis prevention wherever possible.The EESC supports a comprehensive, inclusive European defence strategy that supplements military readiness with civil preparedness. It endorses the European Commission’s Joint white Paper for European Defence – Readiness 2030 and calls for a coordinated EU approach that treats defence, peace and security as shared public goods, underpinned by strong legal, institutional and financial frameworks with democratic oversight.

The EESC expresses concerns over rising geopolitical risks, unstable trade dynamics, and the investment deficit in Europe, stressing the need to strengthen EU competitiveness and enhance defence capabilities. The Committee also believes that it is necessary to adopt a set of measures to strengthen investment by ensuring the implementation of all Recovery and Resilience Facility (RRF) funds, with the new targets and, if necessary, deploying unused funds for new investment programmes in European public goods, creating a European Fund for Strategic Investment, strengthening the EIB's lending capacity to expand InvestEU and exploring the possibility of using European Stability Mechanism funds.

Given the significance of the provision of public goods for the well-being of the citizens, the EESC believes that particular attention should be paid to providing these European public goods (EPGs) and identifying them in the next multiannual financial framework (MFF) post-2027.

Special attention must be given to ‘functional EPGs’ – those linked to Article 3 TEU – that can ensure the normal functioning of the EU: the completion of the single market; the completion of the economic and monetary union; economic, social and territorial cohesion; EU open strategic autonomy (e.g. the joint EU health policy, food security, the EU energy union); defence and security; EU research and development; and the rule of law.

The EESC assesses how the EU’s sustainable finance framework can be made more robust and fit for purpose given its importance for the EU’s economic, social and climate objectives. The EESC affirms that simplification should not come at the cost of ambition. While administrative streamlining is needed, the focus should be on how requirements can be implemented more effectively, not on weakening standards. The EU’s regulatory strength and predictability are important competitive advantages that should be preserved amid growing geopolitical and economic uncertainty.