The Committee considers transparency essential as it is important for all parties, for the companies themselves, and for improving their image and boosting the trust of workers, consumers and investors. While the EESC recognises that most companies operating in the EU are indeed transparent and that investors and shareholders are increasingly paying attention to qualitative corporate social responsibility (CSR) indicators, it is important to focus simultaneously on both the effectiveness and scope of the information being filed and on its quality and veracity. The EESC believes that any further initiative on disclosure of information should include a common set of indicators and at the same time should take into consideration the nature of the company and the sector in which it is operating.
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This opinion is part of a wider package of four EESC opinions on the future of the European economy (Deepening of the Economic and Monetary Union and Euro area economic policy, Capital Markets Union and The future of EU finances). The package of opinions underscores the need for a common sense of purpose in the Union governance, which goes far beyond technical approaches and measures, and is first and foremost a matter of political will and a common perspective. Europeans need more (and better) Europe, not less Europe, in order to overcome the political crisis in the EU. The basic principle of the EU budget must be to deliver European added value, achieving better outcomes than would be possible for uncoordinated national budgets acting individually. The EESC considers that it is not credible for the EU budget to continue to be less than 1% of EU-GNI.
This exploratory opinion, requested by the Lithuanian presidency, sheds light on the specific contribution that State-owned enterprises can make to the EU's competitiveness. It pinpoints the specific challenges that exist in this area for EU policy and the European institutions. As part of its consideration of the way in which public undertakings could contribute more to the EU's economic recovery and competitiveness, the Committee has addressed the issue of Europe's Services of General Economic Interest in a number of opinions. The EESC also raises the question of the economic activities of the EU's executive agencies, wondering if they are truly independent, while their tasks and responsibilities lead them to be directly involved in socio-economic activities.
The EESC agrees with the European Commission about the need to modernise and simplify EU consumer policy and considers that the new legislative package contributes to bridging the gap created by the exponential growth of e-commerce, undermining consumer confidence and causing distortions to the single market.
The EESC believes that income and wealth inequalities in the EU have become economic and social challenges that should be addressed with appropriate measures at national level and with the support of EU-level action.
A well-functioning system of social transfers and social assistance is thus needed. Fiscal redistribution should to a large extent complement the gaps in the market system. Public assets (social infrastructure, facilities for services in the public interest, etc.) should be developed as a means of addressing inequalities. And fiscal income should be shifted from labour-based taxation towards a more wealth-based one, with taxation on inheritance and capital income. Overall, Intensive economic growth is key to reducing poverty and wealth inequalities.
On 7th February, as we mark the 25th anniversary of the Maastricht Treaty, the European Economic and Social Committee turns to political leaders, the European civil society organisations which we represent, and all European citizens, with a call: the call for social and economic solidarity, which is urgently needed across Europe. 25 years ago, Europe was in turmoil: the aftermath of the Cold War; the fall of the Berlin Wall and the reunification of Germany; the path of Eastern European countries to democracy, all shaped the zeitgeist. Yet, on this momentous day in 1992, the 12 nations of the European Communities signed this European Treaty, thus creating the European Union as we know it and its greatest achievement, the single currency. Today, the geo-political landscape ...
On 6 May 2019 the Centre for European Policy Studies (CEPS) organised in its headquarters at Place du Congrès in Brussels a day of debates which focused on analysing the reform process of the Economic and Monetary Union, the various positions of the Member States' governments and some social actors, as well as the possible way forward from a situation that was qualified as a "blockage of the main reforms". In the six round tables that structured the debate, a total of 26 people participated, including keynote speakers, speakers and moderators. All of them were academics or officials of the European institutions.
The EU is ready for a digital revolution and for reaping its benefits – this was one of the conclusions of the conference on the Advantages of a Digital Society, which took place on 25 October 2017 in Tallinn, Estonia. The participants discussed various aspects of e-society and the Digital Single Market. Cyber security, societal trust, the free flow of data, the further development of infrastructure and getting rid of barriers hindering the Digital Single Market were just a few of the issues raised.