Collaborative economy and steel industry in the spotlight of the EU Economy ministers

Yesterday September 29th, the EU Economy Ministers discussed  the collaborative economy.

The debate showed considerable encouragement for a balanced development of the collaborative economy in Europe to the benefit of consumers and businesses alike.

Whilst the collaborative economy has significant potential to generate growth and create jobs, it raises issues of fairness and equal treatment.

The activity of occasional private providers raises issues about legal status, liability and independence. Equally important are employees’ rights, safety, taxation and other issues of public interest.

Many member states explained that they are updating or revising domestic legislation to take due account of public policy objectives without curtailing business activities.

The member states and the Commission agreed to monitor closely economic and business developments in order to consider possible future action.

Steel industry

The Council discussed latest developments in the European steel industry.

It expressed support, together with the Commission, for measures and actions to increase the competitiveness of the sector, to undertake its modernisation and the establishment of a global level playing field.

Access to finance for EU companies and scale-ups

The Council discussed the latest competitiveness check-up, which is a health test of the real economy, focussing on ways to improve access to finance for EU companies and scale-ups.