The opinion examines the possible introduction of a new concept into EU law: "low-profit". This concept would define all organisations that are likely to make a profit but that do not intend to distribute it to their owners or shareholders, as they have a different purpose.
Making a reality of the European Pillar of Social Rights (the "Social Pillar") will require improvements in Member States and a robust budgetary base, investment and current spending.
More public investment within Member States can be facilitated by reference to a Golden Rule for public investment with a social objective, which would allow more flexibility in budget rules with a view to achieving the aims of the European Pillar of Social Rights. More public investment can also be supported by the use of existing EU instruments, especially the European Structural and Investment Funds (ESIFs), and by the European Fund for Strategic Investments (EFSI). This support should explicitly include objectives linked to the Social Pillar.
Appropriate taxation policies, including effective fight against tax fraud, tax avoidance and aggressive tax planning, should allow Member States and the EU to raise additional means to contribute to the financing of the Social Pillar.
The EESC draws mixed conclusions from the European Commission's growth survey
9 October 2019 – Helsinki – Extraordinary meeting of the Workers' Group
The member states of the European Union must strengthen stakeholder involvement in their efforts to reform national economies. Together with a new long-term EU strategy for sustainable development, improved stakeholder involvement could help create a more efficient and inclusive European semester that enjoys the support of society and is prepared to tackle the challenges facing the EU.
EESC debate takes stock and discusses steps to take
EESC discusses digitalisation and inequalities at the Deutsche Welle Global Media Forum, held in Bonn from 11 to 13 June
The European Economic and Social Committee (EESC) firmly believes that infringements of human rights can be better prevented when there is an internationally agreed binding standard implemented and protected by states. Therefore, in an opinion adopted at its December plenary session, the EESC supports the United Nations Human Rights Council initiative to adopt a binding UN treaty to regulate businesses activities, including sanctions in case of violation of international human rights law.