The EESC issues between 160 and 190 opinions and information reports a year.
It also organises several annual initiatives and events with a focus on civil society and citizens’ participation such as the Civil Society Prize, the Civil Society Days, the Your Europe, Your Say youth plenary and the ECI Day.
The EESC brings together representatives from all areas of organised civil society, who give their independent advice on EU policies and legislation. The EESC's326 Members are organised into three groups: Employers, Workers and Various Interests.
The EESC has six sections, specialising in concrete topics of relevance to the citizens of the European Union, ranging from social to economic affairs, energy, environment, external relations or the internal market.
notes that EU companies rely excessively on banking financing, with an equity and capital shortfall estimated in EUR 450-600 billion. This poses companies at risk, especially considering current high levels of corporate debt and economic distress;
recommends encouraging new sources of funding through the development of a framework that enhances hybrid financial instruments, so that they are easy to implement, reinforce firms' balance sheets and support investment;
identifies highly subordinated instruments as the best possible option, as they:
are already regulated in some EU countries, henceforth being a secure instrument for Micro, Small and Medium-Sized Enterprises;
constitute an agile and easy to implement long-term solution;
are compatible with family businesses, as families wish to retain control of their firm;
recommends that these instruments enjoy a quasi-equity status, so as to not account as debt in balance sheets, and rank just before equity in waterfall payments hierarchy;
encourages a scheme that establishes collaboration between private and public institutions, including banks, asset managers, public sector, and institutional investors (insurers and pension funds);
highlights that an EU-wide instrument model could benefit from the visibility, liquidity and scale of the single market and generate broad appeal among institutional investors, encouraging investment and supporting the capital markets union.