In presence of ECB President Mario Draghi, European Commission Vice-President Valdis Dombrovskis and Maltese Minister of Finance Edward Scicluna, Valeria Ronzitti, CEEP General Secretary, addressed the main issues faced by the EU economies at the macro-economic dialogue at political level.
Following the publication of European Commission’s Communication on Fiscal Stance, CEEP believes it is a clear call to responsibility sent to Member States, as wel as a call to start considering the Eurozone as a whole and not just as the sum of its individual components. CEEP also addressed:
The role of Member States fiscal policies
We have always considered public investment in key physical and social infrastructures as the main lever to foster growth for the benefit of citizens and enterprises in Europe. We also believe that some expenses favorable to long-term growth should remain separate from current expenditure: investment with positive effects on future generations, such as education and healthcare, could be financed with debt and deficits, unlike consumption expenditures.
The need for a balance between sustainability and stabilisation
For us, there is no point in opposing sustainability of public finance and the needs of stabilisation.
More efficient investment leads to larger effects on domestic GDP and larger international spillovers. Moreover, surplus countries can now borrow at record low interest rates. Therefore, the accumulation of government debt following fiscal expansion can actually be quite modest and does not endanger long-run debt sustainability.
The governance issues for the Economic and Monetary Union
We need to be realistic over what we can achieve. In the EMU, fiscal policies are a national responsibility. The SGP does not oblige countries with fiscal room for manoeuvre to make use of it. There is no guarantee that the coordination of national fiscal policies through the SGP will result in an appropriate aggregate euro area fiscal stance. With our present instruments, the concept of the Fiscal stance is methodologically and politically ambitious. It is now for Member States to commit and see this communication as an important step toward a more coordinated andexpansionary Euro area fiscal policy. The longer we wait, the more we decrease our long-term growth prospect.
Please click here to consult CEEP Policy Kit with regards to the Maltese Presidency of the European Union.
Public Services as Driver of Digital Transformation: Compendium of practices available in PDF
During the joint CEEP-EUROCHAMBRES event “Creating Inclusive Digital Eco-systems”, CEEP presented a compendium of practices showcasing the key role of public services’ employers and providers in the digital transformation. The booklet comprises 19 practices, illustrating how CEEP members are tackling the digital transformation and contribute directly to:
- Fight digital exclusion
- Develop digital skills
- Provide quality digital services
- Put the users at the centre
- Connect the actors
- Exploit the full potential of data
- Support the emergence of smart cities
You can consult the report here.
On 14 November 2016, 25 enterprises providing public services and services of general interests have been awarded the CEEP CSR Label. The awarding ceremony was held at the Caisse des Dépôts et Consignations (member of CEEP France) in Paris, and organised with CEEP France. A compendium of practices and enterprises awarded was also circulated at this occasion.
“This label is a demonstration that public services’ providers in Europe do more than fulfilling their services. They are also particularly conscious and active when it comes to positively impacting the society and the environment,” said Valeria Ronzitti, CEEP General Secretary.
Pascal Bolo, President of CEEP France, also emphasised the importance of CSR for public services’ enterprises and organisations. “CSR is part of their DNA, as public services’ enterprises and organisations combine the private interests and management practices and the values of the public. They answer the call for modernity and efficiency with a positive vision, favoring long-term views and perspectives and not only looking for short-term benefits. Those enterprises also use primarily local resources and contribute to jobs creation.”
Corporate social responsibility is a key element for the management of public services. For this reason, in 2008, CEEP created the CEEP-CSR Label in 2008. It was created to answer the need of enterprises providing public services to be recognised for their activities in the field of CSR, without label dedicated to public services’ providers.
The enterprises and organisations awarded in 2016 are:
Practices awarded with merit:
- Ciliopée Groupe “Fight social isolation of older people”
- EDG – Entsorgung Dortmund GmbH “Projects to support integration”
- GEBALIS, EM “Together, we’ll take care of our neighbourhood”
- SEMAEST “CoSto – Connected Stores”
- ACEA Ato2 S.p.A., Italy
- Ambiente Servizi S.p.A., Italy
- APS – Administração dos Portos de Sines e do Algarve, S.A., Portugal
- BVG – Berliner Verkehrsbetriebe, Germany
- Ciliopée Groupe, France
- EDG – Entsorgung Dortmund GmbH, Germany
- EMATSA – Empresa Municipal Mixta d’Aigües de Tarragona, Spain
- Fyrishov AB, Sweden
- GEBALIS, EM, Portugal
- Gruppo Hera, Italy
- Junta de Freguesia de Olivais, Portugal
- Kraftringen Energi AB, Sweden
- NGE Nantes, France
- Perfect Union, France
- SAEMES, France
- Scape Group, United Kingdom
- SEM Plaine Commune Développement, France
- Séquano Aménagement, France
- Groupe SERL, France
- SIC – Société Immobilière de Nouvelle-Calédonie, France
- SIDR – Société Immobilière du Département de la Réunion, France
- SMA Torino S.p.A., Italy
- SODEGIS, France
- Stockholm Vatten AB, Sweden