On 30 March 2017, the European Economic and Social Committee (EESC) adopted an opinion on the European Commission's proposed directive on business insolvency, which is intended to harmonise preventive restructuring procedures across Europe. While fully supporting the Commission's shift from liquidation to early restructuring in dealing with business insolvency, the EESC proposes a set of measures to help prevent its social damages.
Nothing can escape today's digital revolution. The "internet of things", 3D printing, artificial intelligence, big data, online platforms and the sharing economy are bringing new businesses into the digital arena and create new opportunities for innovative SMEs and start-ups. The digital revolution is bringing about changes in modes of production and patterns of consumption, how we understand the world, and even how we live together as a society.