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The EESC agrees with the compromise proposed by the Presidency which makes possible a swift ratification of the Marrakesh Treaty.
Banking and insurance are evolving. Insurance companies and banks are at the forefront of the development of the digital economy. The very nature of their activities lends itself to the intensive use of the new technologies. In a highly competitive framework marked by a keener pursuit of competitiveness, insurance companies and banks have become part of an ongoing drive for innovation.
With this opinion the EESC welcomes the package of measures to adapt copyright to the requirements of the digital economy, by aiming to eliminate fragmentation while, at the same time, enhancing protection for creators. The EESC supports the exclusive related right of publishers to authorise or prohibit the digital use of their press publications for a period of twenty years and urges to harmonise the "freedom of panorama" exception by means of European rules. The EESC also refers to the ECJ judgment stating that, under certain conditions, the lending of a digital copy of a book has similar characteristics to the lending of printed works.
The EESC welcomes and supports the Commission's initiative to anticipate the review of the Regulations on European venture capital funds (EuVECA) and European social entrepreneurship funds (EuSEF). The EESC believes that such a regulation can promote the establishment of a capital markets union. The EESC suggests that in order to expand participation in such investment funds, the hitherto very restrictive access criteria, as well as other restrictive conditions, to be significantly relaxed; the Committee proposes to increase the involvement of non-institutional investors and considers it equally important to create an environment in which the financing objectives of social investment funds can develop.
The EESC encourages the Commission to pursue its efforts to develop policy proposals aimed at promoting the creation of innovative and high growth firms. These policy proposals should strengthen the single market, reinforce the clusters and ecosystems in which innovative start-ups are created, develop the equity component of the European capital markets, encourage an academic agenda focusing on jobs for the future and minimise the cost and red tape involved in starting a new entrepreneurial venture.
While welcoming the existence of the Horizon 2020 program, the EESC is worried that funding for research into Societal Challenges has been significantly reduced. Moreover, the EESC is exceedingly concerned about the large disparities between Member States in terms of national funding for research and innovation.
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