Last update: 16/12/2014

EU Parliament establishes Social Economy Intergroup

Tuesday, 16 December, 2014

The Conference of Presidents of the European Parliament has officially confirmed the re-establishment of the Social Economy Intergroup. This important decision has been taken thanks to the support of more than 80 MEPs from 6 different political groups.

Social Economy is a very important reality in the EU, representing 2 million enterprises and providing paid employment to over 14.5 million Europeans, representing about 6.5% of the working population in the EU. But over and beyond its quantitative importance, Social Economy has proven its ability to make an effective contribution to solve the new social and environmental problems and its position as a necessary sector for sustainable economic growth, fairer income and wealth distribution and strengthening economic democracy in the European Union. In this current context of economic and social crisis, the main families of social economy (cooperatives, foundations, mutual societies and associations) have an important potential for growth and jobs creation in the EU.

The new Social Economy Intergroup will be an excellent tool for dialogue between Social Economy organisations and European Institutions (Parliament, Commission and Council) to promote the role of Social Economy in the European Union.

More information here