The EESC calls for the establishment of a dedicated Union strategy for islands (Islands Pact), supported by a specific legislative framework (Islands Act). That framework should be accompanied by a formal strategy and provide for the effective implementation of an ‘insularity clause’, with a view to systematically integrating the specific needs and constraints of islands into Union policies on cohesion, transport, energy, state aid, the environment and maritime affairs.
, Luca JAHIER (Civil Society Organisations - GR III/Italy)
Plenary session number
602
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The EESC warns that a weak long-term EU budget would undermine competitiveness, cohesion, agriculture and democracy. The Committee calls for a stronger, fairer and future-proof multiannual financial framework (MFF) for 2028 to 2034.
Presentation of the priorities of the Cyprus Presidency of the EU Council on the new Multiannual Financial Framework (MFF) by Mr Constantinos Masonos, co-chair of the MFF Ad Hoc Working Party
Download — Parere del CESE: Establishing the European Fund for Regional Development including for European Territorial Cooperation (Interreg) and the Cohesion Fund
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 opinion focuses on the legislative proposals package "Omnibus IV" whose measures aim at cutting red tape for small-mid caps and modernising EU rules as regards digitalisation and common specifications.
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.
