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Towards a stronger international role of the euro

Opinion
Adottati on 19/06/2019
Referenza: 
ECO/489-EESC-2019-00073
Referral: 
COM(2018) 796 final
Rapporteur: 
Philip VON BROCKDORFF (Workers - GR II / Malta)
Co-rapporteur: 
Dimitris DIMITRIADIS (Employers - GR I/Greece)

The EESC notes that the international role of the euro has not yet recovered to the pre-financial crisis level. Whereas the European Commission's proposed measures are welcome and deemed necessary by the EESC, they may not go far enough given the extent of the euro area's social and economic challenges. Social cohesion, economic upward convergence and the promotion of competitiveness and innovation should be the basis on which the euro area's economy gathers pace and supports a stronger international role for the euro.

Opinjoni tal-KESE: Towards a stronger international role of the euro

The Future of the EU: Benefits to citizens and respect for European values (Exploratory opinion at the request of the Romanian Presidency)

Opinion
Adottati on 20/03/2019
Referenza: 
SC/52-EESC-2018-5821
Rapporteur: 
Mihai IVAŞCU (Romania)
Co-rapporteur: 
Stéphane BUFFETAUT (France)

The opinion tables proposals on how to enhance the European project and bring it closer to its citizens.

Opinjoni tal-KESE: The Future of the EU: Benefits to citizens and respect for European values (Exploratory opinion at the request of the Romanian Presidency)

Annual Growth Survey 2019 (communication)

Opinion
Adottati on 20/02/2019
Referenza: 
ECO/481-EESC-2018-05434
Referral: 
COM(2018) 770 final
Rapporteur: 
Anne DEMELENNE (Belgium)

The EESC welcomes the reforms aimed at increasing high-quality investment and productivity growth, inclusiveness and institutional quality, and to ensure macro-financial stability and sound public finances. The EESC also welcomes the recognition of the need for investment focused on education and training and the need to strengthen the EU’s social dimension. However, it remains to be specified how these objectives are to be achieved. The EESC underlines that progress is very slow and proposals often rather modest in areas where new policies have been proposed, including fair taxation, the banking union and the functioning of the euro area. Moreover, the EESC recognises the importance of addressing climate change but measures so far adopted remain insufficient.

 

Opinjoni tal-KESE: Annual Growth Survey 2019 (communication)

Euro area economic policy (2019)

Opinion
Adottati on 23/01/2019
Referenza: 
ECO/485-EESC-2018-05763-00-00-AC-TRA
Referral: 
COM(2018) 759 final
Rapporteur: 
Javier DOZ ORRIT (Workers - GR II / Spain)

The EESC is of the opinion that building economic resilience, an objective that underlies the recommendations of the European Commission on the economic policy of the euro area, is of the utmost importance for the euro area economies. However, the Committee would like to stress that the pursuit of economic resilience should go hand in hand with increased labour market resilience, that is, the capacity of labour markets to weather shocks with limited social costs.

Opinjoni tal-KESE: Euro area economic policy (2019)

Reform Support Programme

Opinion
Adottati on 17/10/2018
Referenza: 
ECO/472-EESC-2018-3054
Referral: 
COM(2018) 391 final 2018/0213 CODCOM(2018) 391 final 2018/0213 COD
Rapporteur: 
Petr ZAHRADNÍK (Czech Republic)

The EESC welcomes and endorses the rationale behind the establishment of the Reform Support Programme. However, the EESC believes that, in order to launch the programme successfully and obtain the expected benefits, better responses are needed to a number of still open questions.

 

Opinjoni tal-KESE: Reform Support Programme

European Investment Stabilisation Function

Opinion
Adottati on 17/10/2018
Referenza: 
ECO/473-EESC-2018-3003-00-00-AC-TRA
Referral: 
COM(2018) 387 final 2018/0212 CODCOM(2018) 387 final 2018/0212 CODCOM(2018) 387 final 2018/0212 COD
Rapporteur: 
Philip VON BROCKDORFF (Workers - GR II / Malta)
Co-rapporteur: 
Michael SMYTH (United Kingdom)

The EESC considers the proposed European Investment Stabilisation Function (EISF) as a step towards closer euro area integration, and possibly an attempt to encourage non-euro Member States to join the single currency. However, the EESC is of the view that a well-crafted union-wide insurance scheme that acts as an automatic stabiliser amidst macroeconomic shocks would be more effective than the proposed EISF.

 

Opinjoni tal-KESE: European Investment Stabilisation Function

Common Provisions Regulation 2021-2027

Opinion
Adottati on 17/10/2018
Referenza: 
ECO/461-EESC-2018-02791
Referral: 
COM(2018) 375 final 2018/0196 CODCOM(2018) 375 final 2018/0196 COD
Rapporteur: 
Stefano MALLIA (Employers - GR I / Malta)

The EESC strongly rejects the Commission's proposal to cut the EU's budget by 10% in real terms and urges the Member States (MS) to find solutions that allow this budget to be kept at the same level as the 2014-2020 programming period.

Opinjoni tal-KESE: Common Provisions Regulation 2021-2027

Euro area economic policy 2018 (additional opinion)

Opinion
Adottati on 17/10/2018
Referenza: 
ECO/475-EESC-2018-02936-00-00
Referral: 
COM(2017) 770 final
Rapporteur: 
Javier DOZ ORRIT (Workers - GR II / Spain)

The EESC agrees with the aims of the Council Recommendation and with some of its proposals. However, it expresses its disagreement with the proposal for the aggregate fiscal stance of the euro area to be neutral, as well as with the way that the recommendation on salaries is formulated.

 

Opinjoni tal-KESE: Euro area economic policy 2018 (additional opinion)

InvestEU

Opinion
Adottati on 17/10/2018
Referenza: 
ECO/474-EESC-2018-3065
Referral: 
COM(2018) 439 final 2018/0229 CODCOM(2018) 439 final 2018/0229 CODCOM(2018) 439 final 2018/0229 CODCOM(2018) 439 final 2018/0229 CODCOM(2018) 439 final 2018/0229 COD
Rapporteur: 
Petr ZAHRADNÍK (Czech Republic)

The EESC welcomes the fact that the package of regulations on the future multiannual financial framework includes the InvestEU proposal to strengthen investment activity in the EU, including long-term investment projects that are of high public interest, while also respecting the sustainable development criteria. In order to guarantee that this programme operates successfully, the Committee underlines the importance of the involvement of civil society organisations and social and economic partners. The EESC appreciates the European Commission's efforts to create an umbrella financial instrument by the InvestEU programme that will result in unified management, enhanced transparency and potential for synergies. The EESC appreciates the fact that, in addition to promoting sustainable infrastructure, small and medium-sized enterprises (SMEs) and research and innovation, the InvestEU programme also focuses on social investment and skills.

 

 

Opinjoni tal-KESE: InvestEU

Completing the Banking Union (communication)

Opinion
Adottati on 14/03/2018
Referenza: 
ECO/443-EESC-2017-05496-00-00-ac-tra
Referral: 
COM(2017) 592 final
Rapporteur: 
Carlos TRIAS PINTÓ (Spain)
Co-rapporteur: 
Daniel MAREELS (Belgium)

The EESC welcomes the new set of measures proposed by the European Commission to complete the Economic and Monetary Union (EMU) and move towards an optimal monetary zone. The EESC supports the various proposed goals for reinforcing the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM). The EESC welcomes that the present communication provides scope for a broader discussion and for a phased approach to implementing the European Deposit Insurance Scheme (EDIS) and underlines the importance not to lose momentum in implementing the Banking Union. Finally, the EESC reiterates its commitment to a diverse financial ecosystem in which the large pan-European players coexist with small and medium-sized banks and other non-banking entities that focus reliably on the financing of the real economy on an equal footing, in an environment of much reduced systemic risk.

 

Opinjoni tal-KESE: Completing the Banking Union (communication)

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