Activities of Isabelle THOMAS related to 2017/0333R(APP)
Plenary speeches (1)
Establishment of the European Monetary Fund (debate) FR
Amendments (8)
Amendment 20 #
Motion for a resolution
Citation 9 a (new)
Citation 9 a (new)
- having regard to its interim report adopted on 14 November 2018 on the Multiannual Financial Framework 2021- 2027 and the Union’s own resources,
Amendment 56 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas almost EUR 100 billion per year is lost as a result of tax avoidance through unfair tax practices, in addition to the EUR 1 000 billion per year lost as a result of tax evasion facilitated in particular by the illegal practices of certain banks in the European Union;
Amendment 65 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
Da. whereas the austerity measures laid down in the Treaty on Stability, Coordination and Governance have had a devastating impact on investment, public services and social balance in the European Union;
Amendment 101 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Suggests that the ESM be renamed not the European Monetary Fund (EMF) but the European Stability Fund (ESF), making it clear that the eurozone’s monetary policy remains the competence of the ECB; stresses the need to reform the Statute of the ECB so as to extend its mandate and objectives beyond merely controlling inflation and enable the ECB to use the levers necessary to pursue an integrated monetary policy that ensures stability, employment and ecological transition; stresses, furthermore, the importance of revising the Treaty on Stability, Coordination and Governance in order to guarantee the economic, monetary, social and democratic stability of the European Union;
Amendment 122 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls its previous positions in favour of the incorporation of the ESM into the EU legal framework, which would make it a fully-fledged EU body; iconsists that this incorporation should continue to be understood as part of the EMU completion projectders, therefore, that the European Stability Fund should be incorporated into the EU budget with a corresponding rise in the ceilings, which is a necessary precondition for the success of the project to complete the EMU; believes that such an integration would allow for management in accordance with the Community method, ensure the full consistency of fiscal rules and obligations, facilitate economic and fiscal policy coordination, and enhance the democratic legitimacy and accountability through theof the ESF by a European Parliament decision;
Amendment 145 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Underlines that the primary mission of the new ESF should continue to be to provide transitional financial assistance to Member States in need, on the basis of the agreed adjustment programmes; stresses that the ESF must have adequate firepower for that purpose; opposes, therefore,, and therefore proposes that the ECB issue the ESF with a banking licence enabling it to provide the liquidity needed to resolve large asymmetric shocks to conduct an effective counter-cyclical policy; opposes any attempt to turn the reformed ESM into an instrument for banks only, or to reduce its financial capacity to support Member States; recalls that financial assistance provided to Member States under the new ESF has to be complemented by other fiscal capacity tools, including precautionary instruments, to promote economic and financial stabilisation, investment and upward socioeconomic convergence in the euro area; insists on the establishment of an objective of transparency and fair tax practices in the award of the European Monetary Fund;
Amendment 173 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Stresses that evaluation of the financial assistance requests made by the ESF, as well as its decision-making on the design of the adjustment programmes, in cooperation with other institutions, should in no way replace, duplicate or overlap the normal macroeconomic and fiscal surveillance provided for in the EU’s financial rules and regulations, which must remain the Commission’s exclusive competence; stresses the urgent need for a comprehensive reform of the European Semester, taking into account the implementation of the Sustainable Development Goals (including gender equality, protection of biodiversity and measures to combat climate change, discrimination and poverty) as performance indicators;
Amendment 191 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Highlights the need for an efficient and democratic decision-making procedure in the reformed ESM, particularly in the case of urgent situations;