28 Amendments of Nils TORVALDS related to 2018/2033(INI)
Amendment 15 #
Motion for a resolution
Recital A
Recital A
A. whereas, according to the Commission’s forecasts, the GDP growth rate for the euro area was 2.4 % in 2017 and will dip slightly to 2.3 % in 2018 and to 2 % in 2019; whereas economic growth is still fragile and is expected to slow down in the face of many challenges such as higher oil prices;
Amendment 31 #
Motion for a resolution
Recital C
Recital C
C. whereas Europe still faces a huge investment deficit, even though it has benefitted from exceptionally low interest rates for years and financing conditions remain very favourable;
Amendment 50 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the Commission’s 2018 country-specific recommendations (CSR); is concerned that in the period 2011 - 2017 only 9 % of CSRs have been fully implemented; stresses that in particular the implementation of CSRs targeted to fight corruption and to sustain ageing societies need to be stepped up;
Amendment 54 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
Amendment 59 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Reiterates the urgency of carrying on the fight against the inequalities that hamper economic growthto use the current economic good period of carrying out structural reforms to improve competitiveness to create jobs and growth and to make the economy more resilient;
Amendment 65 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers that growth-orientated fiscal policies are needed at the European level, alongside an appropriate monetary policy, in order to strengthestructural reforms are needed to strengthen both the European economy and the economies of the Member States; therefore supports the proposal to make part of the allocation of European funds conditional on the European economySemester;
Amendment 83 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Supports flexibility in the implementation of the Stability and Growth Pact as proposed by the Commission in 2015; considers that much more flexibility is required to boost investment and growth in the EU; calls, therefore, for a reform of the Stability and Growth Pact and the introduction of an aggregate euro area fiscal stancein specific cases, which strike the right balance between fiscal responsibility and supporting growth; stresses that Member States need to build up fiscal buffers, particularly in economic good times to improve the resilience of their economies against future shocks with the aim of sustaining jobs and growth;
Amendment 104 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Takes the view that the development of new budgetary tools aimed at stabilisation and convergence in the euro area would be extremely important for the economic governance of the Eurozone in order toproper implementation and enforcement of the existing economic governance framework would avoid, as far as possible, the re- emergence of events already experienced before and during the years of the financial crisis;
Amendment 136 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Insists on bringing expenditure on R&D closer to the EU2020 targets; calls on the Member States to set in place proper policies, and to provide investment to ensure equal access to lifelong education and training;
Amendment 138 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Recalls the importance of efficient regularisk reduction ofin the banking and financial sectors before moving on to further risk sharing, to forestall any new crises;
Amendment 163 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Recalls that the fight against tax evasion and aggressive tax planning strategies is essential to ensure a level playing field as well as the fair treatment of taxpayers, safeguard public finances, preserve social cohesion and fight inequalities;
Amendment 175 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Welcomes the Commission recommendation to review the tax systems of a number of Member States which are exploited by multinationals engaged in aggressive tax planning; insists on the need to implement an ambitious pCBCR (public country-by-country reporting) and CCCTB (common consolidated corporate tax base); calls on Member States to implement the measures agreed upon on both EU and international level
Amendment 186 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Recalls the need to, without delay, implement the recommendations of the Panama Papers committee of inquiry;
Amendment 189 #
Motion for a resolution
Paragraph 13
Paragraph 13
Amendment 206 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. WelcomNotes the Councilmmission’s recommendation and the Commission’s efforts to encourage Members States with large current account surpluses to promote faster wage growth, and strengthen investment and thus foster economic expansio; believes that the best way to increase purchasing power is by reducing the tax burden; highlights the fact that real wage growth has, in recent times, lagged behind productivity growth, while improvements have occurred in the labour market; stresses, against this background, that there could be room for wage increases in certain sectors and areas to ensure good standards of living, taking into account the need to tackle inequalities and boost growthneeds to be in line with, productivity growth, notes that there could be room for wage increases in certain sectors and areas;
Amendment 215 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Is concerned by the still very high public debt levels in the Euro area, which hamper job creation and growth, make Member States vulnerable to crisis and are a burden for future generations; stresses that high levels of public and private debt reduce the possibility to invest, which is necessary to create jobs and growth;
Amendment 227 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Notes with concern the recent rise in oil prices which generally weakens growth and raises inflation; stresses that, rather than relying on seasonal factors for its recovery,Stresses that the only way to make the European economy an area of prosperity is to encourage public investment and promote domestic demandstructural reforms to modernise the economy;
Amendment 238 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 241 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Insists on the need for the CSR to take due account of the 20 key principles and rightsimplementation of the CSR, which will channel investment into innovation and research and development, to support fair and well- functioning labour markets outlined in the European Pillar of Social Rights, which should serve as a compass for a renewed process of upward convergence towards better working and living conditions in the European Unand address the challenges of an ageing society such as reforming health care and pension system to ensure sustainability of public finances in the interest of all generations;
Amendment 249 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Recalls the need for stronger surveillance of the employment and social situation in Europe and appropriate and constant follow-up at every step of the European Semester in order to boost quality job creation and thus achieve smart, sustainable and inclusive growth;
Amendment 254 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Shares the Commission’s concerns regarding developments in the housing market in some Member States; stresses that rising interest rates and housing prices are having an impact on household private debt; underlines that this debt plays a role in the stability of the euro area; calls on the Commission to take initiatives in this area in line with recommendation 19 of the social pillar;
Amendment 270 #
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 279 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. RegretStrongly welcomes the fact that the Commission makes part of the allocation of European funds conditional on the European Semester and economic governance;
Amendment 287 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Stresses the key importance of structural funds for the stimulation of public and private investment, taking into account their strong multiplier effect;
Amendment 292 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. WarnBelieves that the longer the current savings-oriented policy – primarily focused on making spending cuts – continues without an effective investment plan to generate revenue through growth, social cohesion and solidarity, the clearer it will become that Europe’s economic integration and prosperity is at risk from growing social inequalitiestriangle of fiscal responsibility, structural reforms and investment enhancing polices are key to create prosperity in the Union;
Amendment 306 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Takes note of the proposed InvestEU programme which focuses on four key priorities for the EU (sustainable infrastructure; research, innovation and digitisation; small and medium-sized businesses; and social investment); requests that the focus of the InvestEU programme be placed on efficient resources and decarbonisation projectsprojects aiming at sustainable growth, and stresses the need to guarantee a more balancedn efficient budget allocation among Member States and regions;
Amendment 316 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Recalls that the completion of the EMU requires strong political commitment, efficient governance based on the Community method and democratic accountability, and better use of the available financial resourcimplementation of the existing rules ;
Amendment 324 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Underlines the need to strike the right balance betweenStresses the importance of fiscal responsibility and solidaritytructural reforms; is concerned by the lack of ambition in determining the solidarity instruments needed for the sustainabilityof Member States in living up to what it means to be part of the EMU;