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. For this reason, the EESC considers it essential to have a balanced mix of euro area economic policies, with their monetary, fiscal and structural components properly interlinked. The Committee notes the improving economic situation in the euro area and recommends that, in order to maintain and bolster this, crucial steps be taken to stimulate investment and carry out reforms, while also strengthening the social and democratic dimensions of euro area governance.
The EESC is of the opinion that building economic resilience, an objective that underlies the recommendations of the European Commission on the economic policy of the euro area, is of the utmost importance for the euro area economies. However, the Committee would like to stress that the pursuit of economic resilience should go hand in hand with increased labour market resilience, that is, the capacity of labour markets to weather shocks with limited social costs.
Transition to a circular economy is a must if we are to protect our planet, but also if we are to increase the competitiveness of European industry. This is a long-term process that will require numerous initiatives at European, national and regional level. Companies see the circular economy as an opportunity. "Going green" is beneficial not only for the environment, but also for businesses, providing real savings in terms of raw materials, water and energy. Apart from its environmental and economic benefits, the circular economy also has social advantages, providing new jobs and new business models.
In order to bridge the skills gap, we must first identify precisely which skills are needed for the future. This remains difficult, due to the rapid pace of change we are seeing today. Adaptation of education systems, development of lifelong learning systems and close cooperation between employers, policy-makers and academics are some of the ways to help people adapt their skills to the demands of future labour markets. These were among the conclusions reached at the conference on
Bridging the Skills Gap for Growth and Job Creation – the Business Perspective, which took place on 22 March 2018 in Sofia, Bulgaria.
The member states of the European Union must strengthen stakeholder involvement in their efforts to reform national economies. Together with a new long-term EU strategy for sustainable development, improved stakeholder involvement could help create a more efficient and inclusive European semester that enjoys the support of society and is prepared to tackle the challenges facing the EU.
"An open economy and open society are key enablers of European prosperity, wellbeing and way of life" states the Helsinki Declaration on Open Europe. The declaration was signed by the EESC Employers' Group, the Confederation of Finnish Industries EK and Finland Chamber of Commerce during the conference "An open Europe – How does it benefit us all?" on 9 October in Helsinki, Finland.
At its last plenary session, held on 17 October 2018, the European Economic and Social Committee (EESC) adopted an opinion aiming to improve the EU space programme's outcomes and raise its profile. The EESC supports the EU's efforts to remain a major independent space power, but calls for more investment in research, start-ups and business incubators as well as for a consistent application of the "European preference" principle. Clear emphasis should be placed on space mining research and the benefits that space activities could provide in terms of sustainable development.
Growing inequality is a problem which can no longer be ignored. It is causing a divide between different social groups and has contributed to the rise of extreme movements and parties. It is a destabilising factor for both the economy and society and we urgently need to tackle this problem – these are among ....
A fair, competitive and sustainable business environment that encourages enterprises to grow innovate, invest and trade – this is what representatives of the European employers ask from the next European Commission and Member States. The participants of the European Entrepreneurship Forum taking place in Bucharest agreed that it is time for a political recognition of SMEs – shifting from "think small first" approach to "act small first" principle.
The EESC draws forward-looking conclusions from the 2019 Semester and the Committee's civil society consultations in the Member States