On 9 September 2020, the European Commission adopted its first annual Strategic Foresight Report, presenting Commission’s strategy to integrate strategic foresight into EU policy-making. Strategic foresight aims to identify emerging challenges and opportunities to better steer the European Union's strategic choices and to inform major policy initiatives. It will support the Commission in designing future-proof policies and legislation that serves both the current needs and longer-term aspirations of European citizens.
The EU’s next long-term budget cannot be reduced to a battle over numbers. At a high-level EESC debate with MEP Siegfried Mureșan, the European Commission, Germany’s Federal Foreign Office and leading researchers, one message was clear: if the EU wants to do more on security, competitiveness and climate resilience, it needs to equip itself with a stronger budget, and to do so without weakening cohesion and agriculture. Just as importantly, spending must work better, with the regions, the social partners and civil society involved from design to delivery.
On 23 March, the European Economic and Social Committee adopted two opinions on the Commission's latest proposals to further develop the EU's Capital Markets Union. Regarding the Listing Act, the Committee recommends that the full listing documentation be published in the national languages to empower local retail investors and helpthe development of a national retail investment base.
The EESC deems that reporting obligations should not be limited solely to exchanges and transfers in crypto-assets;
stresses the need for effective and proportional penalties, leaving the decision on the specific amounts of sanctions to be issued up to the Member States;
hopes that the penalties and compliance measures will be able to strike a proper balance between effective rules and adequate deterrence on one hand, and proportionality on the other.
The EESC underlines that increased equity funding for European companies is key and therefore strongly welcomes the Listing Act proposed by the Commission;
believes that bringing family-owned companies to capital markets would open up untapped potential to attract capital for growth, and a multiple-voting rights regime helps families to retain control, making listing more attractive to them;
estimates that the publication of a full-scale document, and not only the summary, in national languages would empower local retail investors. Using "English-only" issuance documents would hinder the development of a national retail investment base.
The EESC expected a clearer stance on reducing exposure to UK central counterparties (CCPs) and more specific rules and incentives after Brexit;
asks the Commission to explain the specific definition of the term "urgently", and for the co-legislators to establish which exemptions are considered "urgent" decisions;
proposes that civil society be involved in the monitoring mechanism established under Article 23c, and that the EESC takes part in the Joint Monitoring Mechanism as an observer.
At its plenary session on 24 February, the EESC adopted an opinion on the Commission's Communication outlining orientations for a reform of the economic governance framework. While the EESC agrees on the need for a swift agreement ahead of the Member States' budgetary processes for 2024, it also stresses that many details are yet to be finalised.
In an opinion adopted on 23 February, the EESC commented on the Commission's Communication on the 2023 Annual Sustainable Growth Survey, which outlines the economic and employment policy priorities for the EU for the coming 12 to 18 months.
