The EESC is currently drafting an opinion that aims to define what "the sustainable economy we need" should look like by exploring new economic models, investment decisions vis-à-vis technological advances as well as novel indicators for growth and competitiveness.
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The EU is currently confronted with emergencies that are challenging its prevailing economic models. Slogans that until recently were used as the flagship of the European project, such as growth, jobs and prosperity, are no longer enough to speak to the hearts of the young generations of Europeans. The EU is under pressure to respond to a number of multifaceted challenges, which originated from a decade of economic and migration crises, social discontent and environmental degradation. It needs to reinvent itself fast, for the sake of its citizens.
Energy, transport and services of general interest, combined with the digital revolution, can drive European growth in a sustainable and all-inclusive way. This was the message of the hearing that was held on 22 May 2019 by the European Economic and Social Committee (EESC) and its Section for Transport, Energy, Infrastructure and the Information Society (TEN).
The EESC draws mixed conclusions from the European Commission's growth survey
One year after the European Commission had launched its updated European Bio-economy Strategy, the European Economic and Social Committee (EESC) together with the Commission and the Committee of the Regions (CoR) organised an event on European Bio-economy: Regions, Cities and Civil Society on October 16th 2019, in Brussels.
- European Green Deal must lead to more economic prosperity and convergence
- Sustainable growth must be a top priority
- Measures to close the investment gap are essential
The member states of the European Union must strengthen stakeholder involvement in their efforts to reform national economies. Together with a new long-term EU strategy for sustainable development, improved stakeholder involvement could help create a more efficient and inclusive European semester that enjoys the support of society and is prepared to tackle the challenges facing the EU.
Change management, better communication on scientific evidence and, above all, civil engagement are key factors for the development and implementation of new indicators to measure people's well-being and societies' progress. This was the main message of a public debate that was held on 4 June by the European Economic and Social Committee and its Section for Economic and Monetary Union and Economic and Social Cohesion.
The EESC draws forward-looking conclusions from the 2019 Semester and the Committee's civil society consultations in the Member States
The European Semester should be based on the principles of partnership and multilevel governance modelled on the partnership agreements existing in cohesion policy, as this bottom-up approach will contribute to more clarity, legitimacy and ownership at implementing level. This was one of the main messages of a hearing held by the European Economic and Social Committee on 11 June.