The EESC recommends establishing a "Green triple-T" standard to assess the impact of future interventions on the EU's economic system.

Building on the recommendations of the European Central Bank (ECB), the Committee stresses that untargeted price measures would only prolong high inflation in the long run. If not phased out in time, they might compromise the ECB's ability to achieve its medium-term objectives and result in monetary tightening for longer than desirable.

According to the EESC opinion on The impact of the energy crisis on the European economy, drawn up by Alena Mastantuono and adopted at the June plenary session, the European Union needs to move beyond emergency fiscal responses and focus on structural changes that will enable it to move away from fossil fuels more quickly.

"We firmly believe that the lessons learned from the negative effects of the energy crisis on the EU's economic performance must be reflected in the next policy steps," said Ms Mastantuono.

To ensure it stays competitive, the EU needs reliable and secure supplies of affordable energy based on an integrated energy market with a large share of clean energy that is resilient and can withstand disruptions and shocks. (mp)