17 Amendments of Jürgen KLUTE related to 2010/0279(COD)
Amendment 27 #
Proposal for a regulation
Recital 11
Recital 11
11. The procedure for the application of the fines on the Member States which fail to take effective measures to correct macroeconomic imbalances should be construed in such a way that the application of the fine on those Member States would be the rule and not the exceptfair, efficient and respect the fundamental objectives and the democratic values of the European Union.
Amendment 32 #
Proposal for a regulation
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The European Parliament rejects the Commission proposal.
Amendment 32 #
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 2
Article 3 – paragraph 1 – subparagraph 2
The decision shall be deemed adopted by the Council unless it decides,acting by qualified majority, to reject the proposal within ten days the Commission adopting it. The Council may amend the proposal in accordance with Article 293(1) of the Treaty.
Amendment 39 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Unionwhen normal economic circumstances have been re-established and once it is assured by an effective regulation of financial markets that sovereign bonds are not object to speculation anymore.
Amendment 50 #
Proposal for a regulation
Recital 1
Recital 1
(1) The coordination of the economic policies of the Member States within the Union, as provided for by the Treaty, should entail compliance with the guiding principles ofthe fair and solidar contribution to the Union's economic priorities and principles, namely a high level of employment and welfare, stable prices, soundustainable public finances and monetary conditions and a sustainable balance of payments, fair trade relations between Member States and a sustainable balance of payments and a high and increasing degree of social and territorial cohesion.
Amendment 71 #
Proposal for a regulation
Recital 2
Recital 2
(2) There is an urgent need to build upon the experience gained during the first decadedraw lessons from the difficult first decade after the establishment of the economic and monetary union and, in particular, from the persistent economic crisis, continuing, intolerably high levels of functioning of economic and monetary uemployment and, increasing divergences between Member States in the Euro zone, and from vulnerability to speculatory attacks of the Union.
Amendment 77 #
Proposal for a regulation
Recital 3
Recital 3
Amendment 81 #
Proposal for a regulation
Recital 4
Recital 4
(4) To help address such imbalances, a procedure laid down ithe disposition to review political and economic priorities and the adaption of European and national monetary, economic and social policies including better coordination between Member States and good European legislation is necessary.
Amendment 84 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) In general, due attention shall be paid to the symmetry of recommendations and eventual sanctions, addressing excessive savings in a similarly intense way as situations in which economies are excessively indebting themselves.
Amendment 120 #
Proposal for a regulation
Recital 10
Recital 10
(10) To ensure equal treatment between Member States, the finenon-interest bearing deposit should be identical for all Member States whose currency is the euro and equal to 0.01% of the gross domestic product (GDP) of the Member State concerned in the preceding year.
Amendment 140 #
Proposal for a regulation
Recital 12
Recital 12
(12) The collected fininterest should be distributed between Member States whose currency is the euro which are neither the subject of an excessive imbalance procedure nor have an excessive deficitused in order to reach the Union's goals for investment and jobs, and, in particular, to reduce gaps between the richest and the poorest Member States as well as regions.
Amendment 146 #
Proposal for a regulation
Recital 15
Recital 15
(15) Since an effective framework for detection and prevention of macroeconomic imbalances cannot be sufficiently achieved by the Member States because of the deep trade and financial inter-linkages between Member States and the spillover effects of national economic policies on the Union and the euro area as a whole and can be better achieved at Union level, the Union may adopt measures in accordance with the principle of subsidiarity, as set out in Article 5 of the Treaty on European Unionnd fully considering potential consequences to the political fundaments of the Union, namely, cooperation, solidarity and trust. In accordance with the principle of proportionality, as set out in the same Article, this Regulation does not go beyond what is necessary to achieve those objectives.
Amendment 167 #
Proposal for a regulation
Article 3
Article 3
Amendment 230 #
Proposal for a regulation
Article 4 – title
Article 4 – title
Amendment 238 #
Proposal for a regulation
Article 4
Article 4
Fines collector interest gained in accordance with Article 3 of this Regulation shall constitute other revenue, as referred to in Article 311 of the Treaty, and shall be distributused, in proportion to their share in the total gross natorder to reach the Unional's income (GNI) of the eligible Member States, between Member States whose currency is the euro and which are not the subject of an excessive imbalance procedure within the meaning of Regulation (EU) No […/…] and do not have an excessive deficit as determined in accordance with Article 126(6) of the Treatyvestment and employment goals and, shall benefit, in particular, the poorest countries and regions in the Union.
Amendment 245 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
Amendment 251 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the Europeanwhen the following conditions have been fulfilled: - a transparent social impact assessment undertaken by the Commission has proven the appropriateness of the regulations and directives linked to the Economic Governance package for reaching the Union’s goals for growth, employment and the reduction of poverty as set out in the EU 2020 strategy; - the effective regulation of financial markets in the Union prevent macroeconomic and macrofinancial imbalances from being reinforced by external threats. This regulation shall include the European ban of short sellings and OTC derivatives as well as the introduction of a European financial transaction tax; - normal economic circumstances have been reestablished throughout the Union.;