The European engineering industry (EI) plays a vital role in the economic recovery of Europe and the ambitious goal to increase the industrial output by 2020 to more than 20% of the GDP. However, more investment of companies is necessary to generate such growth, to reverse the current trend and to get people out of unemployment.
The Committee points out that despite it promising opportunities, the on-going crisis means that ship owners and SMRC shipyards are facing financing bottlenecks making business conditions difficult for companies and ever greater competition from third countries. SMRC sub-sector should work closely with the maritime value chain with the aim of raising its profile and obtaining support from the EU, the Member States and regions.
Download — The European ship repair and conversion sector: a resilient industry, competitive in the world and committed to EU policies for sustainable growth
The EESC believes that the Mediterranean Region needs a Macro-Regional Strategy (EU MMRS) to help the regions face challenges that cannot be satisfactorily resolved by single regions or countries through the usual means. Such a strategy would help the regions concerned to address the causes of uncertainty that dominate the Mediterranean region by increasing the value-added of the positive achievements of the initiatives already launched and the Europe 2020 goals. The success of the MMRS will also have a positive effect on the EU as a whole.
Download — Towards a Strategy to develop cohesion in the Mediterranean
Given the EESC specific expertise, the EESC's opinion is particularly sought on the role of the private sector –taking into account its diversity from SMEs to multinational companies- in fostering smart and sustainable economic growth and creating jobs, as well as investing in training, education, research and innovation, key enabling technologies such as information and communication technologies (ICT). Corporate Social Responsibility initiatives, Public-Private Partnerships, joint innovation and inclusive business models could also be issues to be investigated. Possible mechanisms, processes allowing the involvement of the "private sector" in a global partnership for development in a post 2015 framework would also be of interest.
Download — Involvement of the private sector in the post 2015 development framework
The EESC welcomes the proposals to set up a Single Resolution Mechanism which, forms an important new building block in developing the banking union. The Committee equally welcomes the proposed Single Bank Resolution Fund and considers it important to ensure that the resolution fund has the financial resources it needs to fulfil its role properly.
