In an own-initiative opinion, the European Economic and Social Committee (EESC) recommends promoting the use of hybrid debt to fund SMEs. This would diversify funding sources and reduce reliance on bank loans, while encouraging investment and supporting the Capital Markets Union.
COHESIE-, REGIONAAL EN STEDELIJK BELEID - Related News
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Cohesion policy is key to overcoming the COVID-19 crisis, to achieving climate neutrality by 2050 and to reducing disparities in Europe. Its most serious challenge for the foreseeable future, however, is the war in Ukraine, the EESC cautions in a recent opinion. Rapid action is needed to help refugees and ensure the country's European integration.
EESC plenary debate on 'The Long-Term Strategy for Rural Areas' with Mr Janusz Wojciechowski, EU Commissioner for Agriculture, 21 October 2021
EESC plenary debate with Ms Elisa Ferreira, Commissioner for Cohesion and Reforms, 23 September 2021
Europe's rural and urban territories are not developing evenly. It is critical to foster policies that curb this trend, ensure a fair and sustainable transition to a wellbeing economy in all areas and promote population rebalancing.
The European Union should grasp the opportunity of the new political mandate and financial period to improve its economic policy coordination and governance. The European Semester should become the most important element of economic policy coordination and a multi-level and multi-actor governance approach should be implemented, says the European Economic and Social Committee. It suggests that an EESC competence centre for exchange of information could be established to address implementation concerns in relation to a future EU strategy.
At its plenary session in July, the European Economic and Social Committee presented proposals for the economic agenda of the upcoming legislative period (2019-2024) and recommended that they should form the basis of a new European economic strategy. The Committee's proposals seek to develop more resilient and sustainable EU economic policies within an improved governance framework for the Economic and Monetary Union.
It proposes additional measures on communication, connectivity and civil society involvement.
The European Semester should be based on the principles of partnership and multilevel governance modelled on the partnership agreements existing in cohesion policy, as this bottom-up approach will contribute to more clarity, legitimacy and ownership at implementing level. This was one of the main messages of a hearing held by the European Economic and Social Committee on 11 June.
Organised civil society tables proposals for regaining citizens' support for European integration and achieving sustainable economic growth and social progress in the EU
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