Investments and free flow of capital are essential for Europe's growth. However, the EU's capital markets are still underdeveloped and fragmented. Therefore, the European Commission adopted an Action plan on "Capital Markets Union" in 2015 aiming to create a true single market for capitals in Europe.
Sekcja ds. Unii Gospodarczej i Walutowej oraz Spójności Gospodarczej i Społecznej (ECO) - Related News
Launch Conference of the EUSALP
On 25-26 January 2016, the European Commission, together with the Ministry of Foreign Affairs of the Republic of Slovenia, organised the Launch Conference of the EUSALP in Brdo, Slovenia. The aim of the conference was to bring together the EU Institutions, the participating States and Regions and all key players in the governance and implementation of the EUSALP so that they could share their views on the best working methods and efficient management of the Strategy.
The European Economic and Social Committee (EESC) has pronounced itself in favour of a simple, transparent and standardised securitisation system in Europe. While Europe is still feeling the aftershock of the 2008 financial crisis, triggered by an uncontrolled and runaway securitisation system in the US, why is this now back on the table? Because a new securitisation system in Europe can still be secure, given certain conditions, and can create growth through the unlocking of additional credit.
The economy for the common good in the spotlight at the European Parliament
At an event organised in the European Parliament on 10 December 2015, EESC member Carlos Trias Pintó discusses with European policymakers and key stakeholders how to further advance towards a "European Ethical Market" based on the principles set out in the "Economy for the Common Good".
In the context of the work on the EESC opinion on the EU Urban Agenda requested by the Dutch Presidency, the EESC, on the initiative of rapporteur Mr Haken co-organised, together with the Municipality of Prague 14, a study visit to Prague on 1 December 2015.
The purpose of this visit was to gain first-hand insight on urban challenges and potential while experiencing two extremely different sides of Prague (a problem faced by so many other European cities requiring complex solutions). Following their visit to the city centre, the EESC members of the study group together with experts in urban planning and local stakeholders spent a day in Černý Most.
Mr van Iersel, President of the ECO Section, attended the Informal Meeting of Ministers Responsible for Urban Matters which took place on 27 November 2015 in Luxembourg. Topics raised concerned the possible added-value of small and mediums-sized cities in cross-border regions, the progress towards the EU Urban Agenda, the urban challenges of the refugee situation and most importantly the Luxembourg Presidency Conclusions, a document which sums up the high-level representatives’ declared opinion on the aforementioned matters (see below). This meeting was an essential milestone towards the EU Urban Agenda, a brand new initiative which the EESC has requested for years.
EESC member Carmelo Cedrone takes part in an international conference in the US
On 2-3 November 2015, a conference to discuss the relations between the Eurozone and the Americas was held at the University of Texas at Austin. The conference brought together representatives of several universities in Europe, North and South America, the European Parliament, the US Senate, etc. They addressed very interesting questions, in particular the problem of debtor-creditor relationships in the modern world, the Eurozone matters, its economic and political governance, etc. The EESC was represented by Carmelo Cedrone, vice-president of the ECO section.
"Appropriate finance facilities for businesses are a key prerequisite for economic growth". The 1st European Microfinance Day (EMD) on 19 and 20 Oct 2015 was co-organised by the EESC to raise awareness of microfinance as a tool to fight social exclusion and unemployment in Europe. In the presence of Her Majesty Queen Mathilde of Belgium and Commissioner Marianne Thyssen, the President of the EESC´s ECO Section for Economic and Monetary Union and Economic and Social Cohesion, Mr Joost van Iersel, underlined the importance in the EU of strengthening competitiveness, sustainable development and social inclusion.
On 15 October 2015, the ECO Section of the EESC organised a workshop under the title "Partnership – the key to successful urban development" in the course of the Open Days 2015. The workshop, chaired by Joost van Iersel, president of the ECO Section, looked at the cases of Glasgow and Vilnius. Although the two cities have a very different socio-economic background, their major projects clearly demonstrate their commitment to an innovative and sustainable urban development based on broad partnership. The objective of the workshop was to identify the various stakeholders and their roles, as well as how dialogue between them works and how it could be improved in order to contribute to better urban development.