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'.
Secțiunea pentru uniunea economică și monetară și coeziune economică și socială (ECO) - Related Events
Sustainable finance aims at supporting the delivery on the objectives of the European Green Deal by channelling private investment into companies and projects that support the transition to a climate-neutral, climate-resilient, resource-efficient and just economy. The challenges this brings about should be addressed in a joint effort by the financial sector, businesses, regulatory authorities and citizens. The Industry sector will face major challenges, and be affected by recent and upcoming measures adopted at EU level.
In order to reshape the European economy and in line with the objectives stated by the European Commission for a more sustainable, greener and digitalised economy, investments must support environmental goals and remove obstacles to corporate dividend policymaking and payments. Among many other factors, the debt-equity bias in the corporate tax systems affects both the leverage of firms and corporate governance. The EESC welcomes the recent public consultation on a new initiative to mitigate the debt-equity bias in corporate taxation launched by the European Commission and shares the Commission's view that companies should contribute to the achievement of a greener, sustainable and digitalised 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.
In the framework of the additional opinion on "The Annual Sustainable Growth Strategy 2021", the European Semester Group of the ECO section will organise a public hearing to discuss semester related developments since the original opinion was adopted in February 2021. The event will focus on the implementation of the National Recovery and Resilience Plans (NRRPs) and collect views of various organisations, national Economic and Social Councils, EU bodies and think tanks on the topic. With this opinion the EESC aspires to contribute to the 2022 European Semester cycle and this hearing is part of a stock taking and forward looking exercise from a civil society perspective.
Strategic foresight is increasingly being embedded into EU policy making. It involves exploring different possible future scenarios and considering the opportunities and challenges connected to them, to contribute to policy action that shapes the future in a way we would like.
The conference will focus on the economic aspects of strategic foresight, and how strategic foresight influences considerations and policy making in public authorities in the EU, and how economic and social actors use foresight in their organisations.
The Recovery and Resilience Facility is moving into its next phase, and the European Semester Group of the EESC is following the process. In this high-level conference we will discuss whether the national recovery and resilience plans will deliver as regards the aim of achieving fair, inclusive, competitive and sustainable growth and cohesion through the new growth strategy – the European Green Deal. Focus will be on the implementation of the national recovery and resilience plans, with particular attention on the implementation of the European Pillar of Social Rights and the just transition towards a green, digital and sustainable European economy. The conclusions of this event will be forwarded to EU institutions and the "EU Recovery Summit" conference in Lisbon on 28 June 2021.
Macro-regional recovery and resilience initiatives - Joint meeting of REX and ECO Sections.
The purpose of this meeting is to explore how macro-regional strategies contribute to the recovery and resilience of their regions. The meeting will look at how management authorities of the strategies were actually involved in the preparation of the national recovery plans, which projects have been included, how civil society organisations were part of the process. The afternoon session will be dedicated to the idea of a new macro-regional strategy for the whole Mediterranean region encompassing the countries of the Southern Neighbourhood.
The COVID-19 pandemic and the consequent huge global leap to digitalisation has put the taxation of companies in the spotlight of public debate. The EESC aspires to contribute to the debate by co-organising with the IMF a virtual joint public debate "Taxing multinationals in Europe". This virtual joint public debate will bring together the IMF, OECD, EC, EESC and other key stakeholders in the area of taxation. On this occasion, the IMF will officially present its report "Taxing multinationals in Europe".