On the occasion of the 30th anniversary of the Single Market, the EESC held a debate about the future of the world's largest trading bloc with Commission Executive Vice-President Margrethe Vestager. The Single Market is widely considered the EU's greatest achievement, but has also shown its limitations in the face of current crises.
Margrethe Vestager, European Commissioner for Competition, declared at the May plenary session of the European Economic and Social Committee (EESC) that "the Commission has been pushing for digital taxation because we need a global solution; it's unacceptable that some companies pay taxes and others don't". Read more..
The European economy loses over 2% of productivity per year due to a mismatch of skills, according to a recent study commissioned by the European Economic and Social Committee. This means a loss of 80 eurocents for each hour of work. The situation will get even worse in the future due to demographic trends and ongoing technological developments, if no reforms are undertaken.
Addressing the EESC Members at their plenary session today, Margrethe Vestager, EU Commissioner for Competition, argued a strong consumer, business and social justice case for EU competition policy. Citing key recent examples on energy, transport, state subsidies and taxation, the Commissioner underlines that competition drives companies to cut prices and improve products, and brings in the investment to the economy and creates jobs.
The EESC warns against granting China market economy status (MES) and calls on the European institutions to promote fair international competition and actively defend European jobs and European values with efficient trade defence instruments (TDIs). In its opinion, the EESC points to the disastrous impact a possible ...