The European Economic and Social Committee held a debate today on the state of the European economy and the prospects for deepening the Economic and Monetary Union (EMU) with Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs.
Last week the Council of Ministers decided to extend the European fund for strategic investments (EFSI 2.0), with an additional half a trillion euros of investments by 2020. The EESC Plenary today called for its immediate implementation, a geographically balanced coverage across the EU and ensuring the involvement of private capital. According to Alberto Mazzola, EESC rapporteur on EFSI: "We propose, while guaranteeing the proper use, an ever greater involvement of private capital: the bond market ...
At its plenary meeting on 17 March 2016, the European Economic and Social Committee gave a clear message to the European Commission, calling on it to draw up conclusive proposals which go further in completing Europe's Economic and Monetary Union without delay. In a package of opinions, the Committee put forward the points of view of the social partners and civil society on the package of proposals for Deepening EMU which the Commission published at the end of last year.
The European Economic and Social Committee (EESC) has pronounced itself in favour of a simple, transparent and standardised securitisation system in Europe. While Europe is still feeling the aftershock of the 2008 financial crisis, triggered by an uncontrolled and runaway securitisation system in the US, why is this now back on the table? Because a new securitisation system in Europe can still be secure, given certain conditions, and can create growth through the unlocking of additional credit.
The EESC organised a hearing with the title: "Recapitalising EU companies. An innovative way towards sustained and inclusive recovery" in order to present the views of relevant stakeholders, including SMEs, on equity funding.
The market of crypto assets continues to grow, bringing with it both opportunities and challenges. Whilst it is important to harvest the potential the technological innovations offer, the associated risks have to be closely monitored. The hearing will take stock of new developments in the crypto sector, raise awareness, and come up with policy proposals to tackle emerging risks, in order to protect consumers and preserve financial stability.
A proposed review of EU banking rules aims at ensuring that EU banks become more resilient to potential future economic shocks, while contributing to Europe's recovery from the COVID-19 pandemic and the transition to climate neutrality. The public hearing will provide the views of institutional and civil society stakeholders, and will help form the policy recommendations the EESC is drawing up on the legislative proposals currently under discussion.
The conference "The Anti-Money Laundering Legislative Package" will take stock of the state of play and debate in particular the legislative proposals tabled by the European Commission in July 2021 to strengthen the EU's anti-money laundering and countering terrorism financing (AML/CFT) rules.
The conference is organised on 5 October 2021, starting at 14:30.
The event is accessible via webstream. No registration is needed, and participation is free of charge.
Both a sustainable economic and social recovery from the COVID-19 crisis and the need to address effectively the climate change will require a massive expansion of investments. To achieve this, reshaping the EU fiscal rules is indispensable. Against this background, the Section for Economic and Monetary Union and Economic and Social Cohesion (ECO) of the European Economic and Social Committee (EESC) is currently working on an own-initiative opinion on Reshaping the EU Fiscal Framework for a Sustainable Recovery and a Just Transition.
Activities of organised crime organisations like money laundering and the tapping of public funds have consequences for the economy, business and society. A crisis like the Covid-19 pandemic may be an opportunity for organised crime to spread their activity, gain power and even innovate to find new ways to pursue their objectives.