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  • Adopted on 17/09/2015
    Reference
    CCMI/134-EESC-2015-01-01
    Employers - GR I
    Netherlands
    Workers - GR II
    Italy

    Studies point to new dynamics in the world economy with substantial consequences for the competitiveness of national economies. The theme of the information report is inspired by a recent study of the Boston Consulting Group. In analysing in-depth the cost-related aspects in manufacturing among a great many countries the study proves that traditional views about the relationship between the developed and underdeveloped/emerging economies is becoming obsolete. In all groupings there are frontrunners and slow developers...

  • Adopted on 01/07/2015
    Reference
    ECO/379-EESC-2015-01-01-01333-00-00-ac-tra
    Workers - GR II
    Spain
    Employers - GR I
    Bulgaria
    Plenary session number
    509
    -

    The EESC wants the conditions be created for an efficient, modern financial services sector with appropriate regulations, which grants access to capital providers by companies seeking investment, especially SMEs and high growth companies, and finds it of utmost importance to overcome the current fragmentation of the markets.

    Since a Capital Markets Union (CMU) is to a significant extent a reality for large companies, the EESC stresses the need for measures that will also allow SMEs to benefit from it, for example through accepting simplified standardised criteria for registration on regulated markets, and providing a definition of an emerging growth and high growth company and devoting special attention to the needs of such companies on the capital market.

    Building a Capital Markets Union for the EU - Philip Tod, European Commission DG FISMA
    Comments on the European Commission's Green Paper on a Capital Markets Union - U.S. Chamber of Commerce
    Presentation on CMU by DG FISMA - ECO Section meeting 18-06-2015
  • Adopted on 27/05/2015
    Reference
    CCMI/129-EESC-0000-01-01
    Diversity Europe - GR III
    Czech Republic
    Employers - GR I
    Malta

    The Food and drink Industry is the largest manufacturing sector in the EU economy employing directly 4.25 million workers in the EU. It is a non-cyclical and resilient pillar with a strong presence in all member states. It processes 70% of EU agriculture produce and provides safe, quality and nutritious food to the benefit of European consumers, besides being the largest global exporter of food and drink products. The sector generates 7% of EU GDP and should be an important contributor to achieve the EU target set in the 2020 strategy of achieving the necessary expansion of the manufacturing sector that will make it a contributor of 20% of European GDP.

     

  • Adopted on 27/05/2015
    Reference
    ECO/376-EESC-2015-01-01-00551-00-00-AC-TRA
    Plenary session number
    508
    -

    The EESC is of the opinion that persisting imbalances as well as the creation of trust and confidence across Europe require more effective and democratic economic governance, notably in the Eurozone. It has become clear that the current system of rules underpinning the EU, and particularly the euro area, has created confusion on the legal, institutional and democratic fronts. A new approach is therefore needed. With this in mind, the Committee presents its contribution to the new five presidents' report which will propose next steps on better economic governance to the European Council in June. The EESC contribution summarises the different stages and puts forward institutional proposals and preparatory initiatives regarding the completion of the political pillar of the Economic and Monetary Union.

     

    Preparing for Next Steps on Better Economic Governance in the Euro Area - presentation by Baudouin Regout (European commission)
    Completing Political Union: How the Euro-Union could work - presentation by Ulrike Guérot (The European Democracy Lab, European School of Governance, Berlin)
    The political and institutional aspects of further euro area integration - presentation by Elmar Brok (European Parliament)
    The political and institutional aspects of further EMU area integration - presentation by Bernard Snoy (ELEC)
    The political and institutional aspects of further euro area integration - presentation by Johannes Lindner (ECB)
  • Adopted on 19/03/2015
    Reference
    ECO/375-EESC-2014-01-01-07288-00-00-ac-tra
    Employers - GR I
    Ireland
    Workers - GR II
    Italy
    Plenary session number
    506
    -

    The European economic governance rules, conceived in crisis, played an important role in fiscal consolidation and economic policy coordination, but the cost was high in terms of growth and employment. The quantitative easing measures now being embarked upon by the European Central Bank need to be matched by greater political initiatives by the Member States. In the review of the Multiannual Financial Framework in 2016, there is a need to back urgent structural reforms of common EU interest with some form of fiscal capacity. A reasonable deviation from the 3% deficit parameter should be considered as a temporary exception for a given number of years and not be automatically liable to sanctions. A lack of implementation of country-specific recommendations (CSRs) could be countered by real involvement of civil society and the social partners in drawing up CSRs.

    IIEA Economic Governance Group - Submission on Analytical Note “Preparing for Next Steps on Better Economic Governance in the Euro Area”
  • Adopted on 19/03/2015
    Reference
    ECO/374-EESC-2014-01-01-07287-00-03-ac-tra
    Diversity Europe - GR III
    United Kingdom
    Plenary session number
    506
    -

    The EESC welcomes the Investment Plan for Europe as a step in the right direction, which however faces serious questions about the Plan's size and timescale, the high degree of leverage expected and the potential flow of suitable projects. The Plan proposes that contributions to the European Fund for Strategic Investments (EFSI) from Member States will not be included in budget deficit calculations and this is to be welcomed, but it begs the question as to why ongoing strategic public infrastructure expenditures are not treated in the same way. Strategic public investment which underpins present and future economic development should be incentivised by a more benign European fiscal framework.

    Achim Truger - Implementing the Golden Rule for Public Investment in Europe
  • Adopted on 10/12/2014
    Reference
    ECO/368-EESC-2014-01-01-3998
    Workers - GR II
    Italy
    Plenary session number
    503
    -
  • Adopted on 10/09/2014
    Reference
    INT/744-EESC-2014-01-01-02794-00-01-AC-TRA
    Workers - GR II
    Austria
    Plenary session number
    501
    -
  • Adopted on 09/07/2014
    Reference
    INT/745-EESC-2014-01-01-02817-00-00-AC-TRA
    Diversity Europe - GR III
    United Kingdom
    Plenary session number
    500
    -
  • Adopted on 09/07/2014
    Reference
    ECO/357-EESC-2013-01-01-07057-00-00-ac-tra
    Plenary session number
    500
    -
    Update Report - 10.12.2014