Download — EESK:s yttrande: Establishing the European Fund for Regional Development including for European Territorial Cooperation (Interreg) and the Cohesion Fund
The EESC supports the objectives of the Commission's package on securitisation, and recommends to ensure that the freed-up capital is used to fund the real economy, introduce safeguards for consumers and investors, guarantee financial stability, and avoid weakening, to the extent possible, international standards.
Among the measures to make it possible, the EESC recommends a two-years reporting period, the introduction of a fast-track mechanism, taking additional measures to preserve the long-term relationship between lenders and borrowers, and introducing social, environmental and governance information in the revised reporting templates.
The opinion focuses on the legislative proposals package "Omnibus IV" whose measures aim at cutting red tape for small-mid caps and modernising EU rules as regards digitalisation and common specifications.
The EESC assesses how the EU’s sustainable finance framework can be made more robust and fit for purpose given its importance for the EU’s economic, social and climate objectives. The EESC affirms that simplification should not come at the cost of ambition. While administrative streamlining is needed, the focus should be on how requirements can be implemented more effectively, not on weakening standards. The EU’s regulatory strength and predictability are important competitive advantages that should be preserved amid growing geopolitical and economic uncertainty.
This own-initiative opinion constitutes the contribution of the ECO section to the 2025 EESC transversal own-initiative opinion package on the cost-of-living crisis, looking at specific economic policy measures that can help make the European economy future-proof.
In its opinion on 'Additional considerations on the euro area economic policy 2024', the EESC urges closer coordination of national budgetary policies and considers instruments like NextGenerationEU essential for future stability.
The EESC recommends including similar tools in the EU’s future financial frameworks to ensure resilience and fiscal sustainability.
The Committee calls for the completion of the Capital Markets Union to prevent investors from migrating to global markets, prioritising financial market stability and consumer protection, and highlights the need to fully implement the Banking Union by addressing regulatory disparities across Member States, creating a common deposit insurance scheme, and mobilising financial resources for European infrastructure projects.
EESC with this Resolution, calls on the Member States of the European Union and its leaders, the European institutions and the EU citizens, to safeguard and protect the economic, social and territorial cohesion of the EU according to Article 174 of the TFEU.
The fundamental principle of cohesion policy, according to which ‘no one should be left behind’, remains sound and valid. Civil society partners are ready to continue working towards it by means of a solid EU investment policy.
