Transition to a circular economy is a must if we are to protect our planet, but also if we are to increase the competitiveness of European industry. This is a long-term process that will require numerous initiatives at European, national and regional level. Companies see the circular economy as an opportunity. "Going green" is beneficial not only for the environment, but also for businesses, providing real savings in terms of raw materials, water and energy. Apart from its environmental and economic benefits, the circular economy also has social advantages, providing new jobs and new business models.
When the international economic and financial crisis struck, it exposed the structural limitations and contradictions in EMU, depriving the euro of its propensity to attract. The crisis proves that it takes much more than a set of "accountancy" rules such as the stability pact and others, because the underlying problems are not technical but economic and political. Some progress has been made in the past few years by putting in place new rules and mechanisms, notably parts of a Banking Union, but the construction works are far from being completed yet, which contributes to the persisting climate of uncertainty among citizens and business, and hinders the growth potential of the European economy ...
Participants in the discussion with the president of the CoR, Markku Markkula, agreed that the agendas of the European Committee of the Regions and the European Economic and Social Committee were often aligned and that both advisory bodies should step up their cooperation in order to benefit from these synergies.
The economy for the common good in the spotlight at the European Parliament
At an event organised in the European Parliament on 10 December 2015, EESC member Carlos Trias Pintó discusses with European policymakers and key stakeholders how to further advance towards a "European Ethical Market" based on the principles set out in the "Economy for the Common Good".