The euro ranks second in the world as a reserve currency and as a currency used for fixed income securities issues and international trade transactions. However, its use internationally has yet to return to levels before the financial crisis, and its future role in the international monetary system is tied to the economic prospects of the euro area.
ASSUNTOS INSTITUCIONAIS E ORÇAMENTO DA UE - Related News
The European Union urgently needs a new, ambitious and clear strategy for its future. Cohesion policy must be an integral part of it. New provisions for cohesion policy post-2020 must provide for sufficient means and guarantee improved policy efficiency and visibility, urges the European Economic and Social Committee (EESC) in an exploratory opinion on the future of cohesion policy, requested by the Romanian Council Presidency.
At a time of growing social and economic disparities between the regions of the European Union and when Euroscepticism is on the rise, all relevant stakeholders must advocate for an ambitious and future-proof cohesion policy post-2020. The goal must be sustainable and inclusive economic and social growth, competitiveness and employment across the EU.
The European Economic and Social Committee (EESC) is making sure it has more effective tools to ensure strict adherence to ethical standards, non-discrimination, equal opportunities and dignity in the workplace, with sanctions for harassment of any kind.
In the public debate organized by the Robert Schuman Foundation and the Wilfried Martens Centre, speakers included: Alain Lamassoure (MEP-EPP), Markus Schulte (Cabinet of Commissioner G.H.Oettinger) and Eva Palackova (political adviser, EPP). Eric Maurice (Schuman Foundation.) and Tomi Huhtanen and Dimitar Lilkov (Martens Centre.) performed the role of moderators.
- The EU will not be able to face the upcoming economic, social, environmental, and political challenges with the proposed allocation of resources.
- Cohesion and Common Agricultural Policy (CAP) funding should be maintained, not reduced, during the next budgetary period.
- The EU must increase its own resources, including taxes on financial transactions, and on digital multinationals.
The EESC firmly believes that cohesion policy is a key element for Europe's future, warranting sufficient resources and appropriate reform. It therefore rejects the Commission's proposal that the cohesion policy budget be cut back for the next programming period (2021-2027) and points to the potentially harmful effect on effectiveness, profile and reputation.
At its October plenary session, the EESC adopted a package of three opinions on EU economic governance, providing European decision-makers with new input for the ongoing discussions on deepening Economic and Monetary Union (EMU) and the next European Semester exercise.
At a meeting of the Parliament's Committee on Budgets on 9 October, EESC member Javier Doz Orrit assured the European Parliament of the EESC's full support in the quest for a strong Multiannual Financial Framework (MFF) for 2021-2027.
The new EESC European Semester Group reflects the growing importance of the European Semester and the lack of involvement and policy contributions on the part of social partners and civil society organisations in the process