[ParlTrack]

Motion for a resolution
Paragraph 13

13. Acknowledges, however, that the immense challenge the Troika faced leading to the crisis was unique as a result of the poor state of regulation of financial services, large macroeconomic imbalances, and the fact that a number of instruments such as external devaluation were not available due to the constraints of monetary union; notes, moreover, that time was running out, legal obstacles had to be cleared, fear of a melt-down of the euro area was palpable, political agreements had to be reached, the world economy was in a downturn, and a number of countries which were intended to contribute financial support had seen their own public and private debt increase in alarming ways;deleted

2014/02/03
Committee: ECON

Auke ZIJLSTRA

Motion for a resolution
Paragraph 15

15. Deplores that recommendations contained in MoUs mark a departure from the thinking initiated by the Lisbon strategy and the Europe 2020 strategies); points out however that this can be partly explained, even if not fully justified, by the fact that programmes had to be implemented under considerable time pressure in a difficult political environment;deleted

2014/02/03
Committee: ECON

Auke ZIJLSTRA

Motion for a resolution
Paragraph 22

22. Notes that from the onset the Troika published comprehensive documents on the diagnosis, the strategy to overcome the problems, a set of policy measures elaborated together with the national government concerned, and economic forecasts, all of which are updated on a regular basis;deleted

2014/02/03
Committee: ECON

Auke ZIJLSTRA

Motion for a resolution
Paragraph 33

33. Points equally to a ~~possible~~ conflict of interest between the current role of the ECB in the Troika as ‘technical advisor’ and its position as creditor of the four Member States as well as its mandate under the Treaty;

2014/02/03
Committee: ECON

Auke ZIJLSTRA

Motion for a resolution
Paragraph 34

34. Notes that the ECB’s role is not sufficiently defined, as it is stated in the ESM Treaty that the Commission should work ‘in liaison with the ECB’, thus reducing the ECB’s role to that of a provider of expertise; further notes that the ECB mandate is limited by the TFEU to monetary policy and that the involvement of the ECB in any matter related to budgetary, fiscal and structural policies is therefore ~~on uncertain legal ground~~illegal;

2014/02/03
Committee: ECON

Auke ZIJLSTRA

Motion for a resolution
Paragraph 38

38. Reiterates its call for all decisions related to the strengthening of the EMU to be taken on the basis of the Treaty on European Union; takes the view that any departure from the Community method and increased use of intergovernmental agreements would divide and weaken the Union, including the euro area;deleted

2014/02/03
Committee: ECON

Auke ZIJLSTRA

Motion for a resolution
Paragraph 39

39. Stresses that the ESM should evolve towards Community-method management as provided for in the ESM Treaty and demands that the ESM be made accountable to the European Parliament including with respect to decisions to grant financial assistance, in order to exert democratic accountability over the ESM;deleted

2014/02/03
Committee: ECON

Auke ZIJLSTRA

Motion for a resolution
Paragraph 40

40. Urges that in the short run consideration should be given to amending the ESM Treaty in order to allow standard decisions to be taken by a qualified majority rather than by unanimity, and to allow for precautionary assistance to be given;deleted

2014/02/03
Committee: ECON

Auke ZIJLSTRA

Motion for a resolution
Paragraph 43

43. Is concerned, in particular, to improve the accountability of the Commission when it acts in its capacity as a member of the Troika; requests that the Commission representative(s) in the Troika should be heard in ~~the European Parliament before taking up their duties and should be subject to regular reporting to the European Parliamen~~and regularly report to the national parliaments of the Member States which contributed financial support;

2014/02/03
Committee: ECON

Auke ZIJLSTRA

Motion for a resolution
Paragraph 44

44. Calls for a reassessment of the decision-making process of the Eurogroup, amending MoUs with the Member States receiving EU-IMF financial assistance to include appropriate democratic accountability at both national and European levels; calls for European guidelines to be established in order to ensure appropriate democratic control on the implementation of measures at national level;deleted

2014/02/03
Committee: ECON

Auke ZIJLSTRA

Motion for a resolution
Paragraph 45

45. Is of the opinion that the option of a Treaty change allowing for the extension of the scope of the present Art. 143 TFEU to all Member States, instead of being restricted to non-euro Member States, should be explored ; similarly, takes the view that the option of a Treaty change to create a European Monetary Fund within the Community framework as an alternative to the IMF should also be explored; further considers that other issues to be evaluated include the current institutional framework of the Troika, the involvement of the ECB in the review of the programmes and the mandatory involvement of the IMF in euro area financial assistance programmes as enshrined in the ESM treaty;deleted

2014/02/03
Committee: ECON

11 Amendments of Auke ZIJLSTRA related to 2013/2277(INI)

ParlTrack - 2011-2024