Economy
EESC welcomes Commission Vice-Presidents Frans Timmermans and Jyrki Katainen
On Wednesday 18 March at 15h30, the 506th plenary session of the European Economic and Social Committee (EESC) will welcome the first Vice-President of the European Commission Frans Timmermans (pictured), responsible for better regulation, inter-institutional relations, the rule of law and the Charter of Fundamental Rights. He will present the Better Regulation programme and the review of inter-institutional cooperation.
On Thursday 19 March at 09h, there will be a debate on the EESC opinion An investment plan for Europe (rapporteur: Michael Smyth), attended by the Vice-President of the European Commission Jyrki Katainen, responsible for jobs, growth, investment and competitiveness. The draft opinion welcomes the Investment Plan for Europe as a step into the right direction, but notes that the plan faces serious questions about its size and timescale, the degree of leverage and the flow of suitable projects. The draft opinion suggests that strategic public investment should be further incentivised by a more benign European fiscal framework.
The debate will be followed, at 10h, by a press point with Vice-President Katainen and EESC President Malosse.
Watch the plenary session here - The full agenda is available here
The European economic governance rules played an important role in fiscal consolidation, but the cost was high in terms of growth and employment. Structural reforms should be backed with some form of EU fiscal capacity. A reasonable deviation from the 3% deficit parameter should be considered as a temporary exception.
Islands have unique characteristics which bring specific difficulties. However, these characteristics can be turned around to become opportunities if smart and sustainable development policies are implemented to give islands the competitive advantages that derive from sustainable growth and better jobs.
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