When NextGenerationEU and the Recovery and Resilience Facility (RRF) were set up, the EESC's European Semester Group (ESG) welcomed them and stressed the need to link these tools to the European semester's policy framework, the functioning of which would probably need to be overhauled as a result of the introduction of these new tools. Furthermore, the ESG continues to see these tools as an effective way of taking European integration one step forward, while at the same time pointing out means of overcoming the crises currently facing the European Union.
UNIÃO ECONÓMICA E MONETÁRIA - Related Events
The market of crypto assets continues to grow, bringing with it both opportunities and challenges. Whilst it is important to harvest the potential the technological innovations offer, the associated risks have to be closely monitored. The hearing will take stock of new developments in the crypto sector, raise awareness, and come up with policy proposals to tackle emerging risks, in order to protect consumers and preserve financial stability.
While Europe and its societies are still in the grip of the COVID-19 pandemic and with the Conference on the Future of Europe in its closing stages, the EESC will be holding its annual Civil Society Days in March 2022.
The EESC will organise a hearing with the title: ''New own resources package: The three engines for financing growth and recovery of the European economy'' in order to present the views of all relevant stakeholders and civil society for this initiative to support the funds for NextGenerationEU.
GDP is the best-known measure of macro-economic activity. While it is used both by policy-makers around the world and in public debates, it was not designed to be a comprehensive measure of prosperity and well-being. Thus, other indicators are needed to assess and address the global challenges of the 21st century such as climate change, poverty, resource depletion and to promote health and a higher quality of life. Beyond GDP indicators should become instruments to not only monitor and measure, but also to inform policy development, improve communication and encourage target setting. Against this background, the Section for Economic and Monetary Union and Economic and Social Cohesion (ECO) of the European Economic and Social Committee (EESC) is currently working on an own-initiative opinion on 'Beyond GDP measures for a successful recovery and a sustainable and resilient EU economy'.
The conference "The Anti-Money Laundering Legislative Package" will take stock of the state of play and debate in particular the legislative proposals tabled by the European Commission in July 2021 to strengthen the EU's anti-money laundering and countering terrorism financing (AML/CFT) rules.
The conference is organised on 5 October 2021, starting at 14:30.
The event is accessible via webstream. No registration is needed, and participation is free of charge.
Both a sustainable economic and social recovery from the COVID-19 crisis and the need to address effectively the climate change will require a massive expansion of investments. To achieve this, reshaping the EU fiscal rules is indispensable. Against this background, the Section for Economic and Monetary Union and Economic and Social Cohesion (ECO) of the European Economic and Social Committee (EESC) is currently working on an own-initiative opinion on Reshaping the EU Fiscal Framework for a Sustainable Recovery and a Just Transition.
The pandemic transformation is causing a significant shift in the global balance of power. The EU must act as soon as possible to boost Europe's economic resilience in the COVID-19 context and build its open strategic autonomy. This includes, among other elements, strengthening the international role of the euro, increasing the resilience of European financial market infrastructures, and improving the enforcement of EU sanctions.
Activities of organised crime organisations like money laundering and the tapping of public funds have consequences for the economy, business and society. A crisis like the Covid-19 pandemic may be an opportunity for organised crime to spread their activity, gain power and even innovate to find new ways to pursue their objectives.
Following the outbreak of the COVID-19 pandemic, the European Economic and Social Committee (EESC) played a central role in bringing the consensual views of organised civil society in the EU to the attention of policy-makers and contributing to the rapidly evolving economic policy response at European level.
In this regard, we believe that now is the time for the EU institutions to make decisive steps in approving swiftly the new Facility and putting in place the necessary implementation mechanisms at European and national level, so that the hardest hit Member States, citizens and businesses can benefit from the relevant EU funding when they need it most.