Activities of Petri SARVAMAA related to 2022/2150(INI)
Opinions (1)
OPINION on the European Semester for economic policy coordination 2023
Amendments (5)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Underlines the exceptionally uncertain EU economic outlook resulting from the lasting impact of the COVID-19 pandemic and the consequences of the Russian unjustified war against Ukraine; highlights the role of NextGenerationEU in the swift, coordinated and united economic policy response to the COVID crisis and its contribution to the fast recovery with real GDP expanding by 5.4% in 2021;
Amendment 13 #
Draft opinion
Paragraph 2
Paragraph 2
2. Welcomes the robustness of the labour market; highlights the stabilising effect of national short-time work schemes supported by the European instrument for temporary support to mitigate unemployment risks in an emergency (SURE); in particular in cushioning the social and economic consequences of pandemic, preserving human capital in companies and facilitating the ramping up of companies’ activity; welcomes the fact that the recovery and resilience facility is mitigating those consequences and contributing to the Union’s competitive sustainability; stresses that its successful implementation requires the completion of milestones and targets, in particular compliance with the rule of law and the general regime of conditionality, to be monitored transparently and thoroughly; welcomes the Commission’s proposal to include a REPowerEU chapter in the national recovery and resilience plans; insists that the financing of REPowerEU must not divert resources away from other EU priorities;
Amendment 14 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Stresses in particular that compliance with the rule of law and with the general regime of conditionality as the protection of the Union budget is a fundamental pre-requisite to access the fund and reiterates the need for Member States to have the necessary control, audit and enforcement mechanisms in place to ensure respect for the rule of law and protect the EU’s financial interests, notably to prevent fraud, corruption and conflicts of interest and secure transparency; calls on the Commission and the Member States to place the RRF implementation at the heart of the 2023 European Semester cycle to reap the full potential of the Fund in supporting broad and ambitious reforms and investment in key areas such as judicial systems, the economic and business environment, digitalisation, health, education, culture, employment and social care.
Amendment 18 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. Notes that the EU economy is facing a risk of stagflation in 2023 with a real GDP growth set to reach only 0.3% in 2023 and an expected inflation of 7%; stresses the importance of maintaining significant, targeted and well-coordinated investment at national and EU level with a view to mitigating the economic and social - and thus also the political - consequences and fuelling the competitive sustainability of the EU; underlines that the weak economic outlook of the Union weakens its international competitiviness; in this context, calls on all actors to make effective use of the EU budget and its headroom;
Amendment 23 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Recalls that the swift and timely roll-out of the NextGenerationEU (NGEU) fiscal stimulus is underpinned by the issuance of bonds; acknowledges and welcomes that the Commission has steadily and successfully issued a total of EUR 170.8 billion in long-term funding since the start of the programme despite the increasingly challenging market conditions; underlines that by making the Union one of largest bond issuers in Europe, NGEU can contribute to mitigate the current volatility of EU capital market; notes that the financing of MFA+ for Ukraine will further increase this role;