The EESC believes that the European Commission's Action Plan is a good basis but that additional measures are needed to tap the full potential of financial technology and to ensure certainty and protection for all market participants
The EESC welcomes the proposals concerning NPLs made by the European Commission, but recommends a specific impact assessment to ensure the suitability and effectiveness of the proposed measures
Particular attention should be given to investment in sensitive areas such as infrastructure and key facilities, says the EESC
The EMU needs a common strategic vision, efficient governance mechanisms and a clear social dimension
While endorsing the Commission's reform proposals, the EESC calls for the principles of subsidiarity and proportionality to be applied
More integrated and strengthened financial supervision is needed to make progress towards the completion of the Capital Markets Union (CMU), the European Economic and Social Committee (EESC) urged at its plenary session in February.
Further measures at national and European level needed to counter the impact of future crises
The EU Member States must urgently work on a stable, prosperous and more resilient EMU: this was one of the main conclusions of a public debate on completing the Economic and Monetary Union (EMU), hosted by the European Economic and Social Committee (EESC) on ...
On 9 November the European Economic and Social Committee (EESC) hosted a conference on Co-operative banks and innovation in SME financing. The event was organised in cooperation with the International Confederation of Popular Banks, the European Association of Co-operative Banks, the UNICO Banking Group and the European Association of Craft, Small and Medium-Sized Enterprises. The European Commission also took part. The conference looked at the growing role of technology players in SME financing and discussed their interaction with more traditional cooperative banks ...
EESC contributing to disseminating best practices of financial education.
When the international economic and financial crisis struck, it exposed the structural limitations and contradictions in EMU, depriving the euro of its propensity to attract. The crisis proves that it takes much more than a set of "accountancy" rules such as the stability pact and others, because the underlying problems are not technical but economic and political. Some progress has been made in the past few years by putting in place new rules and mechanisms, notably parts of a Banking Union, but the construction works are far from being completed yet, which contributes to the persisting climate of uncertainty among citizens and business, and hinders the growth potential of the European economy ...
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.