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Goedgekeurd on 22/05/2013
Referentie: 
ECO/340-EESC-2013-166
Zitting: 
490 -
May 22, 2013 May 23, 2013

The EESC welcomes the Commission communication, which may prove a historic turning point provided that the Council finally musters the courage and the will necessary to adopt and put into effect the provisions that will help to achieve the stated objectives swiftly. Therefore, to achieve a genuine EMU, the EESC believes it necessary in the immediate term (without amending the Treaty) to: launch a European growth initiative; introduce a convergence instrument to help overcome the economic asymmetries between countries; implement a solution to the debt issue; rapidly implement banking union; complete the single market in all sectors; reduce the fragmentation of the credit market.

A deep and genuine Economic and Monetary Union

Goedgekeurd on 27/05/2015
Referentie: 
ECO/376-EESC-2015-00551-00-00-AC-TRA
Zitting: 
508 -
May 27, 2015 May 28, 2015

The EESC is of the opinion that persisting imbalances as well as the creation of trust and confidence across Europe require more effective and democratic economic governance, notably in the Eurozone. It has become clear that the current system of rules underpinning the EU, and particularly the euro area, has created confusion on the legal, institutional and democratic fronts. A new approach is therefore needed. With this in mind, the Committee presents its contribution to the new five presidents' report which will propose next steps on better economic governance to the European Council in June. The EESC contribution summarises the different stages and puts forward institutional proposals and preparatory initiatives regarding the completion of the political pillar of the Economic and Monetary Union.

 

EESC opinion: Completing EMU: The political pillar

Downloads: 

Preparing for Next Steps on Better Economic Governance in the Euro Area - presentation by Baudouin Regout (European commission)

Completing Political Union: How the Euro-Union could work - presentation by Ulrike Guérot (The European Democracy Lab, European School of Governance, Berlin)

The political and institutional aspects of further euro area integration - presentation by Elmar Brok (European Parliament)

The political and institutional aspects of further EMU area integration - presentation by Bernard Snoy (ELEC)

The political and institutional aspects of further euro area integration - presentation by Johannes Lindner (ECB)

Goedgekeurd on 14/12/2016
Referentie: 
ECO/403-EESC-2016-00899-00-01-ac-tra
Zitting: 
521 -
Dec 14, 2016 Dec 15, 2016

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.

EESC opinion: Promoting innovative and high growth firms

Goedgekeurd on 19/06/2019
Referentie: 
ECO/489-EESC-2019-2019-00073-00-00
Zitting: 
544 -
Jun 19, 2019 Jun 20, 2019

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.

EESC opinion: Towards a stronger international role of the euro

Goedgekeurd on 01/07/2015
Referentie: 
ECO/379-EESC-2015-01333-00-00-ac-tra
Zitting: 
509 -
Jul 01, 2015 Jul 02, 2015

The EESC wants the conditions be created for an efficient, modern financial services sector with appropriate regulations, which grants access to capital providers by companies seeking investment, especially SMEs and high growth companies, and finds it of utmost importance to overcome the current fragmentation of the markets.

Since a Capital Markets Union (CMU) is to a significant extent a reality for large companies, the EESC stresses the need for measures that will also allow SMEs to benefit from it, for example through accepting simplified standardised criteria for registration on regulated markets, and providing a definition of an emerging growth and high growth company and devoting special attention to the needs of such companies on the capital market.

EESC opinion: Capital Markets Union

Downloads: 

Building a Capital Markets Union for the EU - Philip Tod, European Commission DG FISMA

Comments on the European Commission's Green Paper on a Capital Markets Union - U.S. Chamber of Commerce

Presentation on CMU by DG FISMA - ECO Section meeting 18-06-2015

Goedgekeurd on 17/03/2016
Referentie: 
ECO/394-EESC-2015-06709-00-00-ac-tra
Zitting: 
515 -
Mar 16, 2016 Mar 17, 2016

The Commission communication on Steps towards completing EMU can provide a great opportunity to launch a debate at political level and with civil society to draw up conclusive proposals which go further than the current ones. It would be more useful to draw up a proposal for the European Semester as part of a comprehensive agreement on economic governance that goes beyond the status quo, changing macroconditionality and strengthening the Interparliamentary Conference. Democratic legitimacy is not tackled seriously by any of the Commission's operational proposals. The tripartite social dialogue could contribute to this matter. On the basis of its own roadmap, the EESC is committed to putting forward, possibly with the Commission, a plan on stage two (Completing EMU 2017-2025) to discuss these issues in the Member States, beginning with the euro area countries.

EESC opinion: Steps towards Completing EMU

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