BETA

Activities of Costas MAVRIDES

Plenary speeches (10)

Need for a speedy adoption of the asylum and migration package (debate)
2023/10/04
Decent Housing for All (topical debate)
2023/10/04
One-minute speeches on matters of political importance
2023/10/16
Effectiveness of the EU sanctions on Russia (debate)
2023/10/17
The despicable terrorist attacks by Hamas against Israel, Israel’s right to defend itself in line with humanitarian and international law and the humanitarian situation in Gaza (debate)
2023/10/18
A true geopolitical Europe now (topical debate)
2023/10/18
Role of preventive diplomacy in tackling frozen conflicts around the world – missed opportunity or change for the future? (debate)
2024/01/16
Dossiers: 2023/2050(INI)
Situation of fundamental rights in the EU in 2022 and 2023 (debate)
2024/01/17
Dossiers: 2023/2028(INI)
Quality traineeships in the EU (debate)
2024/02/06
Strengthening European Defence in a volatile geopolitical landscape - Implementation of the common foreign and security policy – annual report 2023 - Implementation of the common security and defence policy – annual report 2023 (joint debate - European security and defence)
2024/02/28

Reports (1)

REPORT on the European Central Bank Annual Report for 2018
2020/01/28
Committee: ECON
Dossiers: 2019/2129(INI)
Documents: PDF(180 KB) DOC(64 KB)
Authors: [{'name': 'Costas MAVRIDES', 'mepid': 124691}]

Shadow reports (9)

REPORT on the proposal for a decision of the European Parliament and of the Council providing further macro-financial assistance to the Hashemite Kingdom of Jordan
2019/12/06
Committee: INTA
Dossiers: 2019/0192(COD)
Documents: PDF(186 KB) DOC(77 KB)
Authors: [{'name': 'Luisa REGIMENTI', 'mepid': 197790}]
REPORT on the proposal for a regulation of the European Parliament and of the Council establishing a Technical Support Instrument
2020/10/02
Committee: BUDGECON
Dossiers: 2020/0103(COD)
Documents: PDF(347 KB) DOC(127 KB)
Authors: [{'name': 'Othmar KARAS', 'mepid': 4246}, {'name': 'Dragoş PÎSLARU', 'mepid': 197663}, {'name': 'Alexandra GEESE', 'mepid': 183916}]
REPORT on the proposal for a regulation of the European Parliament and of the Council establishing a Recovery and Resilience Facility
2020/11/10
Committee: BUDGECON
Dossiers: 2020/0104(COD)
Documents: PDF(1 MB) DOC(550 KB)
Authors: [{'name': 'Eider GARDIAZABAL RUBIAL', 'mepid': 96991}, {'name': 'Siegfried MUREŞAN', 'mepid': 124802}, {'name': 'Dragoş PÎSLARU', 'mepid': 197663}]
REPORT on Banking Union – annual report 2020
2021/07/26
Committee: ECON
Dossiers: 2020/2122(INI)
Documents: PDF(227 KB) DOC(85 KB)
Authors: [{'name': 'Danuta Maria HÜBNER', 'mepid': 96779}]
REPORT on the European Central Bank – annual report 2021
2021/12/15
Committee: ECON
Dossiers: 2021/2063(INI)
Documents: PDF(196 KB) DOC(73 KB)
Authors: [{'name': 'Dimitrios PAPADIMOULIS', 'mepid': 28586}]
REPORT on the implementation of the Recovery and Resilience Facility
2022/06/08
Committee: BUDGECON
Dossiers: 2021/2251(INI)
Documents: PDF(374 KB) DOC(164 KB)
Authors: [{'name': 'Siegfried MUREŞAN', 'mepid': 124802}, {'name': 'Dragoş PÎSLARU', 'mepid': 197663}, {'name': 'Eider GARDIAZABAL RUBIAL', 'mepid': 96991}]
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2021/241 as regards REPowerEU chapters in recovery and resilience plans and amending Regulation (EU) 2021/1060, Regulation (EU) 2021/2115, Directive 2003/87/EC and Decision (EU) 2015/1814
2022/10/27
Committee: BUDGECON
Dossiers: 2022/0164(COD)
Documents: PDF(523 KB) DOC(210 KB)
Authors: [{'name': 'Eider GARDIAZABAL RUBIAL', 'mepid': 96991}, {'name': 'Siegfried MUREŞAN', 'mepid': 124802}, {'name': 'Dragoş PÎSLARU', 'mepid': 197663}]
REPORT on the implementation of the common security and defence policy – annual report 2022
2022/12/13
Committee: AFET
Dossiers: 2022/2050(INI)
Documents: PDF(301 KB) DOC(123 KB)
Authors: [{'name': 'Tom VANDENKENDELAERE', 'mepid': 129164}]
RECOMMENDATION on the draft Council decision on the conclusion, on behalf of the Union, of the Agreement in the form of an Exchange of Letters between the European Union and the Arab Republic of Egypt pursuant to Article XXVIII of the General Agreement on Tariffs and Trade (GATT) 1994 relating to the modification of concessions on all the tariff rate quotas included in the EU Schedule CLXXV as a consequence of the United Kingdom's withdrawal from the European Union
2024/03/08
Committee: INTA
Dossiers: 2023/0296(NLE)
Documents: PDF(174 KB) DOC(52 KB)
Authors: [{'name': 'Marco CAMPOMENOSI', 'mepid': 35016}]

Oral questions (2)

The outcome of the European Year of Youth
2023/01/17
Documents: PDF(48 KB) DOC(10 KB)
How to tackle the biggest cause of death in the EU? Towards an EU Cardiovascular Health Plan
2023/05/11
Documents: PDF(52 KB) DOC(10 KB)

Written explanations (10)

Conclusion of the EU-Viet Nam Free Trade Agreement (Resolution) (A9-0017/2020 - Geert Bourgeois)

Τάσσομαι υπέρ της σύναψης συμφωνίας ελεύθερων συναλλαγών μεταξύ ΕΕ και Βιετνάμ. Αντιπροσωπεύει ένα φιλόδοξο μοντέλο ανάπτυξης για την εμπορική πολιτική της ΕΕ έναντι των αναδυόμενων οικονομιών στη Νοτιοδυτική Ασία. Πρόκειται για ένα υπόδειγμα σύμφωνα με το οποίο διαπραγματευόμαστε ως εταίροι, επί ίσοις όροις, με κοινή ατζέντα και κοινές αξίες. Στοχεύει στην τόνωση της ανάπτυξης και της απασχόλησης, στην ενίσχυση της ανταγωνιστικότητας, στην καταπολέμηση της φτώχειας και στην εδραίωση των διαρθρωτικών μεταρρυθμίσεων. Η συμφωνία αποσκοπεί στην επίτευξη αμοιβαίας επωφελούς εταιρικής σχέσης.
2020/02/12
Trans-European energy infrastructure (A9-0269/2021 - Zdzisław Krasnodębski)

Η υπερψήφιση του Ευρωπαϊκού Κανονισμού για τις Διευρωπαϊκές ενεργειακές υποδομές, αποτελεί θετική κατάληξη μιας έντονης και δύσκολης διαπραγμάτευσης με ειδικό ενδιαφέρον για την Αν. Μεσόγειο και την Κύπρο. Συγκεκριμένα, με την σημερινή υπερψήφιση του Κανονισμού από το Ευρωπαϊκό Κοινοβούλιο, διατηρείται το καθεστώς Έργου Κοινού Ενδιαφέροντος («Project of Common Interest/PCI») για τον αγωγό φυσικού αερίου East Med, ως επιλέξιμου έργου για την Κύπρο με την στήριξη της ΕΕ. Φυσικά, η απόφαση για υλοποίηση του έργου παραμένει θέμα που θα εξαρτηθεί από τις τεχνικές μελέτες βιωσιμότητάς του. Επισημαίνεται ότι στα κριτήρια για το έργο προστέθηκαν α) η παράμετρος ότι μετά τη λήξη χρήσης του αγωγού για φυσικό αέριο θα πρέπει να υπάρχει πρόνοια δυνατότητας μεταφοράς υδρογόνου (πράσινης ενέργειας) και β) συγκεκριμένο χρονοδιάγραμμα που να συνάδει με την μετάβαση στην πράσινη οικονομία στο 2050.Μετά και την σημερινή απόφαση της ΕΕ και την ανάλογη πολιτική στήριξη ιδιαίτερα των εμπλεκομένων κρατών, ο αγωγός θα κριθεί βάσει της βιωσιμότητάς του. Οι πρόσφατες γεωπολιτικές εξελίξεις αναδεικνύουν τον σημαντικό ρόλο που έχει να διαδραματίσει η Ανατολική Μεσόγειος για την ενεργειακή ασφάλεια της ΕΕ και προς τούτο, αναγκαία συνιστώσα στην ανάδειξή του ρόλου της Αν. Μεσογείου αποτελεί η έμπρακτη στήριξη της Κυβέρνησης.
2022/04/05
Conclusions of the European Council meeting of 24-25 March 2022: including the latest developments of the war against Ukraine and the EU sanctions against Russia and their implementation (RC-B9-0197/2022, B9-0197/2022, B9-0200/2022, B9-0201/2022, B9-0203/2022, B9-0210/2022, B9-0211/2022)

H Επιτροπή ανακοίνωσε ότι ετοίμασε 5ο πακέτο προτεινόμενων κυρώσεων κατά της Ρωσίας. Έχουμε, λοιπόν, το εξής παράδοξο: χώρες σε ενταξιακό καθεστώς, όπως η Τουρκία, όχι μόνο δεν ευθυγραμμίζονται με τις κυρώσεις αλλά έχουν μετατραπεί σε καταφύγιο των Ρώσων ολιγαρχών, για το οποίο επικρατεί σιωπή. Επιπλέον, η ρωσική κρατική εταιρεία Rosatom, η οποία ελέγχεται από το Κρεμλίνο και κατασκευάζει το πρώτο εργοστάσιο πυρηνικής ενέργειας της Τουρκίας, στο Akkuyu, μόλις λίγα χιλιόμετρα από την Κύπρο, δεν περιλαμβάνεται στις κυρώσεις. Οι ευρωπαίοι πολίτες, ιδιαίτερα στην Κύπρο, γνωρίζουν πολύ καλά πόσο βάναυσο και καταπιεστικό είναι το καθεστώς Erdoğan. Οι μόνοι που συμπεριφέρονται ως να μην γνωρίζουν είναι οι αξιωματούχοι της ΕΕ, οι οποίοι έχουν υποχρέωση να γνωρίζουν και να δρουν ανάλογα απέναντι σε ένα βάναυσο καθεστώς που συνεχίζει να λαμβάνει ευρωπαϊκά κονδύλια. Σε σχέση με την στρατηγική αυτονομία, η ομόφωνη θέση της ΕΕ για κοινή άμυνα και ασφάλεια και ενεργειακή αυτονομία μας θέτει ενώπιον των ευθυνών μας, αφού οι απειλές είναι υπαρκτές. Όμως, απαιτούνται κοινοί κανόνες στον πυρήνα των οποίων πρέπει να βρίσκεται ο σεβασμός του Διεθνούς Δικαίου, το οποίο παραβιάζεται για 42 μέρες στην Ουκρανία από τα ρωσικά στρατεύματα και εδώ και 48 χρόνια στην Κύπρο, έδαφος της ΕΕ, από τα τουρκικά κατοχικά στρατεύματα.
2022/04/07
Adequate minimum wages in the European Union (A9-0325/2021 - Dennis Radtke, Agnes Jongerius)

Η οδηγία για ευρωπαϊκό νομοθετικό πλαίσιο για γενικό κατώτατο μισθό είναι πρωτίστως ένα κοινωνικό επίτευγμα για το οποίο η πολιτική μου ομάδα, των Σοσιαλιστών και Δημοκρατών πρωτοστάτησε για πολλά χρόνια μέχρι τέλους. Πλέον, κάθε κράτος οφείλει να διαμορφώσει τον δικό του κατώτατο μισθό με σκοπό να διασφαλίζει την αξιοπρεπή διαβίωση των εργαζομένων. Ταυτοχρόνως, το ρυθμιστικό πλαίσιο αναμένεται να ωθήσει την ποιοτική εργασία, με αύξηση της παραγωγικότητας για τις επιχειρήσεις. Στις περιπτώσεις κρατών που το ποσοστό των εργαζομένων μέσω συλλογικών συμβάσεων είναι κάτω του 80%, το κράτος οφείλει να υποβάλει σχέδιο δράσης για να αυξηθεί το ποσοστό. Στην πράξη, κάθε εργαζόμενος θα καλύπτεται είτε μέσω συλλογικής σύμβασης εργασίας είτε —απουσία αυτής— μέσω νομοθετικής ρύθμισης.Η Κύπρος συγκαταλεγόταν για δεκαετίες στα ελάχιστα κράτη της ΕΕ χωρίς γενικό κατώτατο μισθό και, επιπλέον, το ποσοστό εργαζομένων με συλλογική σύμβαση στον ιδιωτικό τομέα είναι κάτω από το 30%, γι’ αυτό και η οδηγία αυτή αποτελεί σημαντικό πλαίσιο για τη βελτίωση της αγοράς της Κύπρου. Η οδηγία δεν ρυθμίζει τις ώρες πλήρους απασχόλησης, αλλά επαφίεται στα κράτη, λαμβάνοντας ιδιαίτερα υπόψη ότι αφορά τους πλέον αδύνατους στην αγορά εργασίας. Γι’ αυτό και θα έπρεπε να περιλαμβάνεται στην πρόσφατη ρύθμιση γενικού κατώτατου μισθού στην Κύπρο.
2022/09/14
Protection of workers from asbestos (A9-0160/2023 - Véronique Trillet-Lenoir)

Τάσσομαι υπέρ της συγκεκριμένης οδηγίας για τους παρακάτω λόγους:Ο επαγγελματικός καρκίνος είναι η πρώτη αιτία θανάτων που συνδέονται με την εργασία στην ΕΕ. Προκαλείται κυρίως από την έκθεση σε καρκινογόνες ουσίες, όπως ο αμίαντος. Υπολογίζεται ότι, επί του παρόντος, 4,1 έως 7,3 εκατομμύρια εργαζόμενοι εκτίθενται στον αμίαντο. Ο κίνδυνος της εν λόγω έκθεσης συνδέεται κυρίως με τον χειρισμό υλικών που περιέχουν αμίαντο και τη διασπορά ινών αμιάντου κατά τη διάρκεια κατασκευαστικών εργασιών, όπως κατά τη διάρκεια εργασιών ανακαίνισης, συντήρησης και κατεδάφισης.Η μείωση της έκθεσης στον αμίαντο στον χώρο εργασίας με τη μείωση του ΟΕΕ (όριο επαγγελματικής έκθεσης) σε όλη την ΕΕ, συμβάλλει αποτελεσματικά στην πρόληψη των κρουσμάτων και των θανάτων από καρκίνο. Κατά συνέπεια, βελτιώνει την προστασία των εργαζομένων αυξάνοντας τη διάρκεια, την ποιότητα και την παραγωγικότητα της εργασιακής ζωής των εργαζομένων. Επίσης, η αναθεώρηση του ΟΕΕ στο πλαίσιο της οδηγίας για τον αμίαντο κατά τη διάρκεια της εργασίας θα οδηγήσει σε μεγαλύτερη εναρμόνιση των οριακών τιμών σε ολόκληρη την ΕΕ.
2023/10/03
Ensuring European transportation works for women (A9-0239/2023 - Elżbieta Katarzyna Łukacijewska)

I stand in favour of Parliament’s resolution on ensuring European transportation works for women.It is incumbent for us to realize the difficult situation women oftentimes face in transportation. As users of collective transport, women are subject to the worrying phenomenon of sexual harassment and different kinds of assaults. It is extremely difficult for them to commute to and from work, carrying shopping bags, strollers and simultaneously taking care of their families.As a result, greater priority should be given to safety and security in the planning of public transport and urban mobility. This can be achieved through measures like ensuring sufficient and sustainable street lighting, as well as well-illuminated public transit stops.Furthermore, women transport workers at all levels can face barriers, such as gender bias and stereotyping, intersectional discrimination and improper work-life balance, which disproportionately affect women with responsibilities. The resolution also condemns the fact that women working in the transportation sector often receive lower pay than men for equal work, or work of equal value.
2023/10/03
Segregation and discrimination of Roma children in education (B9-0394/2023)

I stand in favour of the above motion, which aims to eradicate the huge discrimination and social isolation that Roma children face in education.More precisely, Roma pupils, forming part of the biggest EU ethnic minority, remain seriously discriminated and prejudiced against at all levels of education. This educational segregation takes different forms, including the attendance of disproportionate numbers of Roma children in special schools for children with mental disabilities, segregated classes or sections for Roma pupils within mixed mainstream schools.These, in combination with the lack of political will and the failure of several Member States like Hungary and Slovakia to address effectively and overcome inequalities and their root causes, make the situation even worse.We need to address the situation of Roma children in education in a comprehensive and effective manner, with appropriate short and long-term policies, supported by sufficient EU and national funding. Similarly, Member States should eradicate practices of continued segregation of Roma children, implement comprehensive desegregation strategies with clear targets, and promote the adoption of inclusive learning methods.
2023/10/04
Harmonising the rights of autistic persons (B9-0390/2023)

I stand in favour the above-mentioned resolution, which aims to reinforce the rights of autistic persons.Even though there are approximately 100 million people with disabilities in the EU – among whom 5 million are on the autism spectrum – there are currently no EU guidelines on evidence and rights-based intervention for autism. The situation is made worse as families across Europe are still targeted by offers of unproven and potentially harmful therapies and interventions, including clearly illegal procedures involving the serious physical abuse of children, such as bleach enemas.All persons with disabilities have equal rights on an equal basis with others in all fields of life, and are entitled to inalienable dignity, equal treatment, independent living and autonomy. Consequently, I stress the importance of allocating EU funds to policies tackling discrimination against people with autism, especially women and girls. Additionally, we should aim to engage in awareness-raising campaigns, in collaboration with autistic persons, to foster their full inclusion and participation in the society.
2023/10/04
Establishing the Strategic Technologies for Europe Platform (‘STEP’) (A9-0290/2023 - José Manuel Fernandes, Christian Ehler)

I stand in favour of this Regulation that works towards establishing the Strategic Technologies for European Platform (‘STEP’), acting as structural answer to the investment needs of its industries. The EU industry has proven its inbuilt resilience but is being challenged. High inflation, labour shortages, rising interest rates, and spikes in energy costs are weighing on the competitiveness of the EU industry. The EU has already put forward several initiatives to support its industry, such as the Green Deal Industrial Plan, the Critical Raw Materials Act, and the Recovery and Resilience Facility.While these solutions provide fast and targeted support, the EU needs a more structural answer to the investment needs of its industries, through STEP. It will work to better channel the existing EU funds towards critical investments (including non-bankable investments) while supporting the development or manufacturing of critical technologies, and preserving a level playing field in the single market.
2024/02/27
Protection of journalists and human rights defenders from manifestly unfounded or abusive court proceedings (A9-0223/2023 - Tiemo Wölken)

I stand in favour of this directive that aims on protecting persons who engage in public participation from manifestly unfounded or abusive court proceedings.Manifestly unfounded or abusive court proceedings against public participation (commonly referred to also as strategic lawsuits against public participation or ‘SLAPPs’) are a recent but increasingly prevalent phenomenon in the European Union. They are a particularly harmful form of harassment and intimidation used against those involved in protecting the public interest. Their purpose is to censor, intimidate and silence critics (often journalists and human rights defenders) by burdening them with the cost of a legal defence until they abandon their criticism or opposition.A healthy and thriving democracy requires that citizens are able to participate actively in public debate without undue interference by public authorities or other powerful interests. In order to secure meaningful participation, citizens must be able to access reliable information, which enables them to form their own opinions and exercise their own judgement in a public space in which different views can be expressed freely.
2024/02/27

Written questions (10)

Preventive measures at European level for Member States most affected by earthquakes
2023/02/22
Documents: PDF(40 KB) DOC(9 KB)
Ban on individual fund-raising initiatives in the Member States
2023/03/20
Documents: PDF(39 KB) DOC(9 KB)
Euronews
2023/06/13
Documents: PDF(47 KB) DOC(10 KB)
Directive on adequate minimum wages
2023/07/05
Documents: PDF(40 KB) DOC(10 KB)
Measures to address the illegal and violent attack by Türkiye in Pyla, Cyprus
2023/08/22
Documents: PDF(40 KB) DOC(9 KB)
Türkiye goes after Sener Levent again
2023/09/14
Documents: PDF(40 KB) DOC(9 KB)
Desecration and cultural genocide of church monuments in occupied Cyprus
2023/10/13
Documents: PDF(40 KB) DOC(10 KB)
Infringement of the regulation on halloumi involving illegal movements of sheep and goats from Türkiye to the Occupied Territories
2023/11/03
Documents: PDF(40 KB) DOC(9 KB)
Unlawful interference by the occupying regime in the education of enclaved students in occupied Rizokarpaso
2024/03/06
Documents: PDF(40 KB) DOC(11 KB)
Re-evaluation of the current situation in Syria based on the assessment by the EU Agency for Asylum
2024/03/21
Documents: PDF(38 KB) DOC(11 KB)

Individual motions (1)

MOTION FOR A RESOLUTION on the recognition of the genocide of the Greeks committed by the Ottoman Empire (Türkiye) from 1913 to 1923
2024/02/08
Documents: PDF(130 KB) DOC(43 KB)

Amendments (1869)

Amendment 3 #

2023/2119(INI)

Motion for a resolution
Citation 1 a (new)
– having regard to the North Atlantic Treaty,
2023/10/02
Committee: AFET
Amendment 27 #

2023/2119(INI)

Motion for a resolution
Citation 14 a (new)
– having regard to Council Decision (CFSP) 2021/509 of 22 March 2021 establishing a European Peace Facility (EPF),
2023/10/02
Committee: AFET
Amendment 29 #

2023/2119(INI)

Motion for a resolution
Citation 14 b (new)
– having regard to the Council Decision (CFSP) 2022/1968 of 17 October 2022 establishing the Military Assistance Mission in support of Ukraine (EUMAM Ukraine),
2023/10/02
Committee: AFET
Amendment 30 #

2023/2119(INI)

Motion for a resolution
Citation 14 c (new)
– having regard to the Council conclusions of 22 January 2018 on the integrated approach to external conflicts and crises, and 24 January 2022 on the European security situation,
2023/10/02
Committee: AFET
Amendment 32 #

2023/2119(INI)

Motion for a resolution
Citation 14 d (new)
– having regard to the Council conclusions of 21 February 2022 extending and enhancing the implementation of the Coordinated Maritime Presences Concept in the Gulf of Guinea,
2023/10/02
Committee: AFET
Amendment 34 #

2023/2119(INI)

Motion for a resolution
Citation 14 e (new)
– having regard to the ‘Strategic Compass for Security and Defence – For a European Union that protects its citizens, values and interests and contributes to international peace and security’, which was approved by the Council on 21 March 2022 and endorsed by the European Council on 25 March 2022,
2023/10/02
Committee: AFET
Amendment 36 #

2023/2119(INI)

Motion for a resolution
Citation 14 f (new)
– having regard to the Joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 18 May 2022 entitled ‘Defence Investment Gaps Analysis and Way Forward’ (JOIN(2022)0024),
2023/10/02
Committee: AFET
Amendment 38 #

2023/2119(INI)

Motion for a resolution
Citation 14 g (new)
– having regard to the Joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 10 November 2022 entitled ‘Action plan on military mobility 2.0’ (JOIN(2022)0048),
2023/10/02
Committee: AFET
Amendment 41 #

2023/2119(INI)

Motion for a resolution
Citation 14 h (new)
– having regard to the three Joint Declarations on EU-NATO cooperation signed on 8 July 2016, 10 July 2018 and 10 January 2023,
2023/10/02
Committee: AFET
Amendment 42 #

2023/2119(INI)

Motion for a resolution
Citation 14 i (new)
– having regard to Russia’s unjustified and unprovoked war of aggression against Ukraine, its illegal invasion and annexation of Crimea and the Donetsk, Kherson, Luhansk and Zaporizhzhia regions, as well as the occupation of Georgia’s regions of Abkhazia and South Ossetia and the Republic of Moldova’s region of Transnistria,
2023/10/02
Committee: AFET
Amendment 43 #

2023/2119(INI)

Motion for a resolution
Citation 14 j (new)
– having regard to the Charter of the United Nations,
2023/10/02
Committee: AFET
Amendment 44 #

2023/2119(INI)

Motion for a resolution
Citation 14 k (new)
– having regard to the Charter of the United Nations, in particular its Article 2.4 prohibiting the use of force and Article 51 on the inherent right to individual and collective self-defence,
2023/10/02
Committee: AFET
Amendment 45 #

2023/2119(INI)

Motion for a resolution
Citation 14 l (new)
– having regard to UN Security Council Resolutions 1325 (2000), 1889 (2013), 2122 (2013), 2242 (2015) and 2493 (2019) on Women, Peace and Security and Resolutions 2250 (2015), 2419 (2018) and 2535 (2020) on Youth, Peace and Security,
2023/10/02
Committee: AFET
Amendment 46 #

2023/2119(INI)

Motion for a resolution
Citation 14 m (new)
– having regard to its resolution of 18 January 2023 on the implementation of the Common Security and Defence Policy – annual report 2022,
2023/10/02
Committee: AFET
Amendment 47 #

2023/2119(INI)

Motion for a resolution
Citation 14 n (new)
– having regard to its recommendation of 8 June 2022 to the Council and the VP/HR on the EU’s Foreign, Security and Defence Policy after the Russian war of aggression against Ukraine,
2023/10/02
Committee: AFET
Amendment 48 #

2023/2119(INI)

Motion for a resolution
Citation 14 o (new)
– having regard to the joint communication to the European Parliament and the Council: European Union Space Strategy for Security and Defence, published on 10 March 2023 (JOIN(2023)0009),
2023/10/02
Committee: AFET
Amendment 49 #

2023/2119(INI)

Motion for a resolution
Citation 14 p (new)
– having regard to the proposal for a regulation of the European Parliament and of the Council laying down measures to strengthen solidarity and capacities in the Union to detect, prepare for and respond to cybersecurity threats and incidents (COM(2023/0209) – C9 0136/2023 – 2023/0109(COD)),
2023/10/02
Committee: AFET
Amendment 75 #

2023/2119(INI)

Motion for a resolution
Recital B a (new)
Ba. whereas the European Union is facing the most diverse range of threats since its creation, accentuated by Russia’s unprovoked, unjustified and illegal war of aggression against Ukraine, the rise of multipolarity and opposition to the established rules-based order, and the development of new kinds of threats and technologies across domains; whereas in response to these threats the EU urgently needs to enhance the effectiveness of its foreign, security and defence policy to defend its interests, values and citizens, both within and outside its borders, and first and foremost in its neighbourhood, to deliver peace, human security, sustainable development and democracy, and to support its partners;
2023/10/02
Committee: AFET
Amendment 92 #

2023/2119(INI)

Motion for a resolution
Recital B b (new)
Bb. whereas the rise in use of hybrid attacks and threats, as demonstrated by Russia’s activities the EU, in Ukraine, in Africa and elsewhere necessitate the development of comprehensive instruments to detect, prevent and react to such incidents and protect the Union’s citizens and assets, through transforming traditional military capacities, improving the security of critical infrastructure, countering foreign information manipulation and interference (FIMI) and further developing a common high level of cybersecurity; whereas China has also demonstrated increased use of hybrid tools aimed at undermining the stability of the EU;
2023/10/02
Committee: AFET
Amendment 99 #

2023/2119(INI)

Motion for a resolution
Recital B c (new)
Bc. whereas in 2023 the Parliament and the Council concluded agreements on the European defence industry reinforcement through common procurement act (EDIRPA) and the Act in Support of Ammunition Production (ASAP) which aim to encourage the joint procurement of defence products, ramp up the European defence industry’s production capacity, replenish depleted stocks and reduce fragmentation in the defence-procurement sector; whereas further initiatives are needed to establish genuine European defence integration, including a European Defence Investment Program (EDIP);
2023/10/02
Committee: AFET
Amendment 110 #

2023/2119(INI)

Motion for a resolution
Recital B d (new)
Bd. whereas building capabilities and adapting them to military needs requires a common strategic culture, threat perception and solutions to be developed and combined in doctrine and concepts;
2023/10/02
Committee: AFET
Amendment 115 #

2023/2119(INI)

Motion for a resolution
Recital B e (new)
Be. whereas maximising the EU’s and Member States’ defence capabilities requires smarter spending and greater joint procurement;
2023/10/02
Committee: AFET
Amendment 127 #

2023/2119(INI)

Motion for a resolution
Recital B g (new)
Bg. whereas the Eastern Neighbourhood and the Western Balkans face increasingly diverse threats to their security and stability and required increased cooperation with the EU in the field of security; whereas security in these regions is negatively affected by Russia’s war of aggression against Ukraine;
2023/10/02
Committee: AFET
Amendment 129 #

2023/2119(INI)

Motion for a resolution
Recital B h (new)
Bh. whereas the CSDP has 9 military missions and 13 civilian missions with over 4000 personnel; whereas CSDP missions and operations often lack rapid- decision making and suffer from excessive micro-management from the Council, as well as limited financial, logistical and human resources; whereas Member States are deploying less personnel to the missions and operations; whereas such obstacles limit the overall effectiveness of CSDP missions and operations; whereas one of the objectives of the Strategic Compass is to reinforce EU civilian and military CSDP missions and operations by providing them with more robust and flexible mandates, promoting rapid and more flexible decision-making processes and ensuring greater financial solidarity; whereas the Military Assistance Mission in support of Ukraine has demonstrated the positive impact CSDP missions and operations have with the necessary resources and contributions from Member States; whereas EU CSDP missions and operations are often targeted by hybrid threats, including FIMI campaigns, putting at risk their effectiveness in stabilising the country in which they are deployed;
2023/10/02
Committee: AFET
Amendment 136 #

2023/2119(INI)

Motion for a resolution
Recital B j (new)
Bj. whereas the Arctic region is becoming increasingly important for geopolitics, economic development and transport, while at the same time it is facing challenges linked to climate change, militarisation and migration;
2023/10/02
Committee: AFET
Amendment 137 #

2023/2119(INI)

Motion for a resolution
Recital B k (new)
Bk. whereas the Russian Federation makes use of private military companies (PMCs), such as the Wagner Group as part of a hybrid warfare toolbox to maintain plausible deniability while exerting influence in various regions and gaining access to natural resources and critical infrastructures; whereas Wagner Group has reportedly committed atrocities in Ukraine, Mali, Libya, Syria and the CAR; whereas it has reinforced anti- European sentiments, especially in countries with strong European presence or hosting CSDP missions;
2023/10/02
Committee: AFET
Amendment 140 #

2023/2119(INI)

Motion for a resolution
Recital B l (new)
Bl. whereas conflicts disproportionately affect women and girls and, among other things, intensify gender-based violence as also demonstrated by Russia’s unjustified war of aggression against Ukraine; whereas the participation of women in peacekeeping and military operations should be encouraged and strengthened;
2023/10/02
Committee: AFET
Amendment 167 #

2023/2119(INI)

Motion for a resolution
Paragraph 3
3. Stresses the importance of the European Peace Facility (EPF) which has supported the Ukrainian armed forces by financing and delivering military equipment and training, while providing coordination for all stakeholders through the Clearing House Mechanism hosted by the EU Military Staff; calls for the financial sustainability and durability of the EPF to be ensured in order to provide Ukraine and other EU partners around the world with the support they request; welcomes in this regard VP/HR Borrell’s proposal, building on Parliament’s previous call, for the creation of a 20 billion euros assistance fund within the EPF, dedicated to supporting the Ukrainian armed forces with up to 5 billion euros per year between 2023-2027, and calls on Member States to rapidly approve it; strongly condemns efforts made by Hungary to block recent attempts to top-up the EPF as well as the VP/HR’s proposal on the special assistance fund for Ukraine; emphasises that all military assistance and weapons deliveries by the EPF must fully comply with the EU Common Position on arms exports, international human rights law and humanitarian law, as well as providing adequate transparency and accountability;
2023/10/02
Committee: AFET
Amendment 217 #

2023/2119(INI)

Motion for a resolution
Paragraph 9
9. Underlines the commitment of the EU’s heads of state and government, made in the Versailles Declaration, to provide all the necessary support needed by Ukraine and to take greater responsibility for European security by bolstering European defence capabilities; calls on the EU and its Member States to deliver on this commitment by accelerating the full implementation of the Strategic Compass in order to make the European Union a stronger and more capable security provider; stresses that the Strategic Compass’ ambitious aims and milestones can only be achieved with corresponding political willingness and action on behalf of Member States and the EU institutions, as well as the necessary financial contributions where necessary;
2023/10/02
Committee: AFET
Amendment 241 #

2023/2119(INI)

Motion for a resolution
Paragraph 10
10. Reminds the Member States of their commitment to strengthening the mMilitary pPlanning and cConduct cCapacity (MPCC) and achieving full operational capability, including through the provision of adequate premises, staff, and reorganisation of the EU Military Staff; demands that its Full Operational Capability should be reached by 2025, as stated in the Strategic Compass, and despite Council conclusions of 19 November 2018, which envisaged a 2020 deadline; further demands that the MPCC’s staffing level should be increased considerably up to 250 personnel; emphasises the urgent need to establish the MPCC as the preferred command and control structure for EU military operations, in particular with regard to the use of the future Rapid Deployment Capability (RDC);
2023/10/02
Committee: AFET
Amendment 244 #

2023/2119(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Emphasises the importance of continuing to operationalise Article 42(7) TEU on mutual assistance and to clarify the coherence between this and Article 5 of the North Atlantic Treaty, considering that not all EU Member States are NATO members;
2023/10/02
Committee: AFET
Amendment 248 #

2023/2119(INI)

Motion for a resolution
Paragraph 11
11. Reiterates its full support for the rapid deployment capacity (EU RDC) with at least 5 000 troops available for crisis situations, such as rescue and evacuation tasks, initial entry and stabilisation operations or temporary reinforcement of missions; calls on the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy (VP/HR) to set Member States to take into account the practical modalities for implementing Article 44 TEU during the operationalisation of the EU RDC as well as in other CSDP operational engagements, as relevant, in order to allow a group of willing and able Member States to plan and conduct a mission or operation within the EU framework and, thereby, ensure the swift activation of the RDC; welcomes the first ever live exercise for the RDC, taking place in October 2023 in Spain and looks forward to further live exercises in the future aimed at improving its capabilities, increasing interoperability between Member States and effectively testing the utilisation of the RDC in various scenarios; calls on Member States and EEAS to ensure that such training and certification exercises are covered by the common costs mechanism to ensure adequate participation in the future;
2023/10/02
Committee: AFET
Amendment 272 #

2023/2119(INI)

Motion for a resolution
Paragraph 12
12. Calls on the VP/HR and Member States to deliver more robust, flexible and modular CSDP missions and operations, that can adapt to the changing security context and, taking into account the Integrated Approach principle, that build on the synergies and complementarities of civilian and military dimensions of CSDP; welcomes the adoption of the new Civilian CSDP Compact and the commitment to increase the effectiveness, flexibility and responsiveness of civilian missions, including through speeding up decision making, strengthening operational planning, improving selection and recruitment of personnel, emphasising greater gender equality and improving responsiveness tools;
2023/10/02
Committee: AFET
Amendment 280 #

2023/2119(INI)

Motion for a resolution
Paragraph 12 b (new)
12b. Strongly condemns the recent pre- planned and unjustified attack of Azerbaijan against Nagorno-Karabakh which further exacerbates the major humanitarian crisis caused by Azerbaijan’s blockade of the Lachin Corridor, in violation of Azerbaijan’s commitments under the trilateral statement of 9 November 2022 and the corresponding ceasefire and of the legally binding orders of the International Court of Justice; deplores the loss of life and forcible evacuation of citizens and calls on Azerbaijan to protect the lives and respect the rights of the Armenian population of Nagorno-Karabakh; criticizes the fact that Azerbaijan’s offensive seriously undermines the ongoing peace negotiations between Armenia and Azerbaijan and urges Azerbaijan to return to a constructive participation at the negotiating table; calls on the Council to reconsider the EU’s relations with Azerbaijan, and consider imposing sanctions against responsible Azerbaijani authorities; welcomes the efforts made by the European Union Mission to Armenia to provide real-time, on the ground information on the situation and effectively contribute to the peace negotiations through confidence building-measures and impartial observations and analysis of incidents along the Armenia-Azerbaijan border; calls on Azerbaijan to agree to have such a civilian mission on their side of the border, including allowing access to EUMA to the Lachin Corridor;
2023/10/02
Committee: AFET
Amendment 285 #

2023/2119(INI)

Motion for a resolution
Paragraph 12 d (new)
12d. Welcomes the Joint Communication of June 2023 on a New Outlook on the Climate and Security nexus, which outlines concrete actions to address the impacts of climate change and environmental degradation on security and European defence, including CSDP; stresses the need to move forward with its comprehensive implementation with a view to enhance operational effectiveness, including to deploy environmental advisors to all CSDP missions and operations by 2025 and to support Member States in addressing any gaps, barriers and incentives to prepare their armed forces for climate change, as called for in the Strategic Compass;
2023/10/02
Committee: AFET
Amendment 290 #

2023/2119(INI)

Motion for a resolution
Paragraph 13
13. Emphasises the importance of adequate, flexible and sustainable funding for all security and defence programs and initiatives, including the CFSP budget and the EPF; calls for a substantive increase of funding for the CFSP budget, including a dedicated CFSP budget line establishing a civilian support facility to provide partner countries with equipment and services to enhance their civilian capabilities; calls on the Member States to increase the resources allocated to security and defence in the next multiannua l financial framework review, in view of the depletion of Heading 5 and in light of the growing security needs of the Union which will require further initiatives such as EDIP and further funding for the EDF as proposed in STEP; invites the Member States to bring forward the re-assessment of the scope and definition of common costs to enhance solidarity and stimulate participation in military missions and operations, as well as exercise-related costs in line with the Strategic Compass; further calls on Member States to amend the EPF financing process to ensure adequate and sustainable support for partners, allies and CSDP operations;
2023/10/02
Committee: AFET
Amendment 294 #

2023/2119(INI)

Motion for a resolution
Paragraph 13
13. Emphasises the importance of adequate, flexible and sustainable funding for all security and defence programs and initiatives, including the CFSP budget and the EPF; calls for a substantive increase of funding for the CFSP budget, including a dedicated CFSP budget line establishing a civilian support facility to provide partner countries with equipment and services to enhance their civilian capabilities; calls on the Member States to increase the resources allocated to security and defence in the next multiannual financial framework; further calls on Member States to amend the EPF financing process to ensure adequate and sustainable support for partners, allielike-minded partners and CSDP operations;
2023/10/02
Committee: AFET
Amendment 305 #

2023/2119(INI)

Motion for a resolution
Paragraph 14
14. Welcomes the increased budgets and investment in defence by EU Member States and institutions, and calls for their impact to be maximised in order to deliver the needed capabilities to Europe’s armed forces through increased joint procurement and joint investment in defence research and development; deplores the fact that in order to finance EDIRPA and ASAP, the Commission resorted to cannibalising existing resources dedicated to other security and defence initiatives or other programmes, thereby undermining other existing initiatives and emphasising the need to dedicate further resources to Heading 5 of the Multiannual Financial Framework; calls on the Member States and the Commission to dedicate further financial and human resources to EEAS to ensure it can effectively conduct its role as the EU’s diplomatic service in light of the highly contested geopolitical context and the increased demands on its limited capacities in recent years;
2023/10/02
Committee: AFET
Amendment 315 #

2023/2119(INI)

Motion for a resolution
Paragraph 16
16. Considers that the European Defence Fund, regrettably still underfinanced, shows the added-value of EU-level action in European defence and recommends the extension of Commission proposals in all defence-related fields of EU policy in coordination with Member States and the VP/HR; ; calls for a further 1 billion euro budget increase to the EDF, in addition to the Commission’s suggested 1.5 billion euros, as part of the proposal for Strategic Technologies for Europe Platform (STEP); urges maximum consistency and coordination between various initiatives in the field of security and defence, such as CARD, EDIRPA, ASAP, PESCO and Military Mobility amongst others, to prevent overlaps, guarantee efficient public investments and address the critical capabilities gap;
2023/10/02
Committee: AFET
Amendment 322 #

2023/2119(INI)

Motion for a resolution
Paragraph 17
17. Stresses that EDIRPA and ASAP can only be a first step towards improving the European technological and industrial base’s capacities to supply Member States with the products and quantities needed and should be complemented with further initiatives, including the envisaged long- term European Defence Investment Program (EDIP) for which adequate funding needs to be ensured as well as an effective regulatory framework aimed at encouraging innovation, boosting production and ensuring smarter and more efficient public investments; regrets that EDIP has still not been proposed by the Commission; calls on the Commission to draw on the EUMC's expertise in the definition of defence industries' priorities and the formulation of defence initiatives in order to ensure military coherence at industrial level;
2023/10/02
Committee: AFET
Amendment 341 #

2023/2119(INI)

Motion for a resolution
Paragraph 18 a (new)
18a. Welcomes the commitment by the EEAS and the Member States, in close consultation with Commission services, to set up a regular and structured civilian capability development process in 2024;
2023/10/02
Committee: AFET
Amendment 347 #

2023/2119(INI)

Motion for a resolution
Paragraph 19
19. Highlights that Russia’s aggression against Ukraine is part of a wider strategy to undermine the rules-based international order; calls for the EU to enhance its capacities for responding to hybrid warfare, including the detection and response to Russia, and other state and non-state actors carrying out foreign information manipulation and interference (FIMI) campaigns which challenge our interests, and values and security, including by spreading false-narratives about the EU or by targeting CSDP missions and operations in strategic areas;
2023/10/02
Committee: AFET
Amendment 349 #

2023/2119(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Welcomes Türkiye’s vote in favour of condemning the Russian war of aggression against Ukraine in the UN General Assembly and its commitment to the sovereignty and territorial integrity of Ukraine but deplores, at the same time, the fact that circumvention of EU sanctions by Türkiye undermines their effectiveness and calls on the Commission to examine this; reiterates its call on Türkiye to align with the EU sanctions against Russia;
2023/10/02
Committee: AFET
Amendment 373 #

2023/2119(INI)

Motion for a resolution
Paragraph 21
21. Calls for supplementary progress on further improving the EU Hybrid Toolbox, specifically addressing activities involving cyber-attacks and FIMI, and the revision of the implementing guidelines of the EU’s cyber diplomacy toolbox; welcomes the commitment set out in the Strategic Compass and new Civilian Compact to provide the necessary capabilities to enable civilian CSDP missions and operations to respond to hybrid attacks, including FIMI and cyber, by 2024, as well as develop a coherent and clear communication strategy; reiterates the need for ensuring the existence of the expertise and capacity for secure information and communications technologies for all CSDP missions and operations to communicate securely in theatre and with all EU institutions; calls on the EEAS and the Commission to increase its cooperation and coordination with other missions and operations from like-minded partners and organisations, including the United Nations Peacekeeping Operations, in countering FIMI operations in the field;
2023/10/02
Committee: AFET
Amendment 386 #

2023/2119(INI)

Motion for a resolution
Paragraph 22
22. Welcomes the deployment of the EU CSDP Partnership Mission in the Republic of Moldova, the first ever CSDP civilian mission dedicated to strengthening the resilience of Moldova’s security sector in crisis management and countering hybrid threats; Underlines the importance of this innovative CSDP Mission and calls on the Member States to provide the expertise and capabilities necessary for the mission to support Moldova in the face of Russia’s use of hybrid warfare; calls on the EEAS to explore the creation of similar missions to other candidate and associate countries to the EU, aimed at increasing their resilience against hybrid threats, including cyber threats and FIMI;
2023/10/02
Committee: AFET
Amendment 403 #

2023/2119(INI)

Motion for a resolution
Paragraph 23 a (new)
23a. Is concerned by the hybrid warfare activities of private military companies (PMCs) and state-sponsored proxies, such as the Wagner Group and other armed groups, militias and proxies to exert influence in several countries across the world; calls on the EEAS to create an initiative with like-minded partners to counter malign non-state and state- sponsored actor groups, such as Wagner; emphasises that the existing EU toolboxes should include responses, such as sanctions, to non-EU states financing or cooperating with private military companies in vulnerable regions;
2023/10/02
Committee: AFET
Amendment 406 #

2023/2119(INI)

Motion for a resolution
Paragraph 23 b (new)
23b. Welcomes the findings and high level of ambition in the recommendations proposed in the EU space strategy in the area of security and defence; considers the safe, secure and autonomous access to space as a critical aspect of the EU’s security and defence, as demonstrated by its importance in the Russian war of aggression against Ukraine;
2023/10/02
Committee: AFET
Amendment 407 #

2023/2119(INI)

Motion for a resolution
Paragraph 23 c (new)
23c. Demands that the Union takes effective measures to protect European critical infrastructure, valuable supply chains and democratic institutions from hybrid threats; calls on the EU to put in place effective monitoring and surveillance systems for critical infrastructure such as pipelines and fibre optics cables to ensure the prevention and rapid detection of attacks; welcomes the update of the EU Maritime Security Strategy, announced on 10 March 2023, and stresses the importance of stepping up the EU’s activities at sea, cooperating with partners, leading in maritime domain awareness, and protecting critical infrastructure; stresses the importance of the Coordinated Maritime Presence (CMPs) concept, enhancing the role of the EU as a global maritime security provider and its visibility in key maritime regions and looks forward to its expansion to other key areas across the globe;
2023/10/02
Committee: AFET
Amendment 408 #

2023/2119(INI)

Motion for a resolution
Paragraph 23 d (new)
23d. Further calls on the Member States and the EEAS to systematically include financial and human resources, tools and training aimed at countering FIMI-related threats in all CSDP missions and operations as part of their broader mandate in host countries and their resilience against hybrid threats;
2023/10/02
Committee: AFET
Amendment 409 #

2023/2119(INI)

Motion for a resolution
Paragraph 23 e (new)
23e. Calls on Member States, the EEAS and the European Commission to consider the creation of a well-resourced and independent structure tasked with identifying, analysing and documenting FIMI threats against the EU as a whole to increase situational awareness and threat intelligence sharing, and develop attribution capabilities and countermeasures in relation to FIMI; considers that this structure would serve as a reference point and specialised knowledge hub to facilitate and foster operational exchange between Member States’ authorities, EU institutions and EU agencies, as well as enabling the exchange of best practices with like- minded partners across the globe; stresses that the structure should clarify and enhance the role of the EEAS StratCom division and its taskforces as the strategic body of the EU’s diplomatic service and prevent the overlap of activities;
2023/10/02
Committee: AFET
Amendment 410 #

2023/2119(INI)

Motion for a resolution
Paragraph 24
24. Recalls the need for enhanced intelligence sharing and information exchange among Member States and EU institutions, including Parliament, to improve situational awareness, counter security threats and better inform policy making; calls on the VP/HR and the Member States to reinforce the Single Intelligence Analysis Capacity (SIAC); reiterates the call for the deployment of intelligence capacities in all CSDP missions and operations which would provide information to the EU Intelligence and Analysis Centre (EU INTCEN), EUMS and Civilian Planning and Conduct Capability (CPCC); underlines the importance of secure communications for reliable intelligence and welcomes efforts to streamline security rules and regulations in this respect to better protect information, infrastructure and communication systems from foreign interference and attacks; calls on Member States to utilise the EU INTCEN as an effective intelligence-sharing body to share intelligence safely, formulate a common strategic culture and provide strategic information to better anticipate and respond to crises within and outside the EU;
2023/10/02
Committee: AFET
Amendment 415 #

2023/2119(INI)

Motion for a resolution
Paragraph 24 a (new)
24a. Stresses the need for greater transparency and convergence at the national and European level on arms exports, especially in anticipation of a period of increased defence spending; calls on Member States to fully comply with Common Position 2008/944/CFSP on common rules governing control of exports of military technology and equipment as it has been amended by Council Decision (CFSP)2019/1560, and to strictly implement criterion 4 on regional stability and halt any export of military technology and equipment that could be used against other EU Member States; recalls the need to define arms export policies as part of security policy and to urgently establish an effective EU- level arms export mechanism which guarantees that the Member States fully comply with the eight legally binding criteria on arms exports;
2023/10/02
Committee: AFET
Amendment 416 #

2023/2119(INI)

Motion for a resolution
Paragraph 24 a (new)
24a. Stresses the urgent need to significantly increase investment in regional and global arms control, non- proliferation and disarmament, particularly in multilateral approaches; stresses the need for greater transparency and convergence at the national and European level on arms exports; points to the need for the Member States to respect the EU Common Position on Arms Exports and acknowledge their competences in their defence acquisition policies; calls on the Member States to fully comply with Common Position 2008/944/CFSP of 8 December 2008 defining common rules governing control of exports of military technology and equipment as amended by Council Decision (CFSP)2019/1560; acknowledges the Member States’ competences in their defence procurement policies;
2023/10/02
Committee: AFET
Amendment 422 #

2023/2119(INI)

Motion for a resolution
Paragraph 24 b (new)
24b. While recognising that Türkiye is a country of strategic relevance, regrets Türkiye’s overall destabilising role in many areas of concern for the EU and in its neighbourhoods, which threatens regional peace, security and stability; deplores the fact that despite de-escalation efforts, Türkiye continues its unilateral provocative actions and non-compliance with the UN Security Council resolution on the arms embargo on Libya with regard to operation IRINI, violating international law including UNCLOS and the sovereign rights of EU Member States, in particular Greece and Cyprus, in the Eastern Mediterranean; notes that Türkiye is increasingly present in areas where the EU has key security interests and CSDP missions, and calls upon Türkiye to refrain from undermining EU interests and missions in these areas; calls on Member States to fully comply with Common Position 2008/944/CFSP in relation to Türkiye, including the strict application of criterion 4 on regional stability;
2023/10/02
Committee: AFET
Amendment 424 #

2023/2119(INI)

Motion for a resolution
Paragraph 24 b (new)
24b. Reaffirms its full support for the EU and its Member States’ commitment to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) as the cornerstone of the nuclear non- proliferation and disarmament regime; insists on the need to ensure that the EU plays a strong and constructive role in developing and reinforcing global rules- based non-proliferation efforts and arms control and disarmament architecture;
2023/10/02
Committee: AFET
Amendment 427 #

2023/2119(INI)

Motion for a resolution
Paragraph 24 c (new)
24c. Calls for the EU to play a significant role in the Mediterranean, having become an actor with the ability to guarantee the stability of the region, including in relation to energy security; calls for enhanced cooperation with partner countries in the Mediterranean to combat extremism, terrorism, the illicit trade in weapons and human trafficking;
2023/10/02
Committee: AFET
Amendment 428 #

2023/2119(INI)

Motion for a resolution
Paragraph 24 d (new)
24d. Calls on the Council to act swiftly in order to safeguard the respect of the human rights of the Armenian population of Nagorno Karabakh and halt its ethnic cleansing by Azerbaijan; calls on the Council to reconsider the EU’s relations with Azerbaijan, and to impose sanctions on Azerbaijan and against responsible Azerbaijani authorities; calls on Azerbaijan to agree to have EU civilian mission on their side of the border, including allowing access to EUMA to Nagorno-Karabakh to monitor the deteriorating humanitarian situation; calls for the increasing of the number of the EUMA staff in order to also monitor the Armenia-Turkiye border;
2023/10/02
Committee: AFET
Amendment 435 #

2023/2119(INI)

Motion for a resolution
Paragraph 25
25. Emphasises that the EU must further develop its own capabilities in all domains to protect the sovereignty and territorial integrity of all Member States while enhancing its security cooperation with like-minded partners across the globe;
2023/10/02
Committee: AFET
Amendment 448 #

2023/2119(INI)

Motion for a resolution
Paragraph 26
26. Underlines the importance of the partnership dimension of the Strategic Compass in reinforcing cooperation between the EU and its like-minded allies and partners around the world in order to counter foreign strategies aimed at undermining the EU and destabilising the rules-based international order; welcomes the long- awaited third Joint Declaration on EU- NATO Cooperation which confirmed that the EU and NATO are essential partners who share common values and strategic interests, and who work in complementarity to ensure Euro-Atlantic and global security and stability on the basis of the principles of inclusiveness, reciprocity, mutual openness and transparency, in compliance with the decision-making autonomy and procedures of our respective organisations and without prejudice to the specific character of the security and defence policy of any of our members; calls in particular for synergies and coherence between NATO’s Strategic Concept and the EU’s Strategic Compass, particularly in the areas of countering Russian aggression, hybrid and cyber warfare, and providing support to partners;
2023/10/02
Committee: AFET
Amendment 458 #

2023/2119(INI)

Motion for a resolution
Paragraph 26 a (new)
26a. Recalls that mainstreaming and operationalising gender perspectives in external relations and implementing the Women, Peace and Security agenda are long-standing priorities for the EU; therefore, insists on the importance of delivering on all commitments made, including those in the EU’s Gender Action Plan (GAP) III (2020-2024) and in the Strategic Compass, including by promoting gender equality and by systematically mainstreaming a gender perspective, based on gender analysis, in all civilian and military CSDP planning and actions; welcomes, in this context, the appointment of Gender Advisors in all CSDP Missions and Operations and the establishment of a network of gender focal points; calls for the full implementation of the commitments made in the new Civilian CSDP Compact, which includes significantly increasing women’s participation in civilian CSDP among international staff, with the aim to reach at least 40 percent representation while striving for gender parity; underlines nevertheless that more needs to be done to ensure gender equality and the full and meaningful participation of women in CSDP, especially in military missions;
2023/10/02
Committee: AFET
Amendment 463 #

2023/2119(INI)

Motion for a resolution
Paragraph 26 b (new)
26b. Welcomes the accession of Finland to NATO, strengthening further the European pillar within the organisation and encouraging greater collaboration and interoperability between European Member States and NATO allies; Strongly deplores, in the context of the Russian invasion of Ukraine and changing security architecture on the European continent, the delaying of the ratification of Sweden’s NATO accession, which has only played into Russia’s hands and undermines relations between Türkiye, Hungary and their NATO allies; denounces in this context, further, attempts to undermine democratic freedoms in EU Member States through the instrumentalisation of granting consent to Sweden’s NATO accession; takes note that, following further consultations, the President of Türkiye finally agreed on 10 July 2023 to forward the NATO Accession Protocol of Sweden to the Grand National Assembly of Türkiye as soon as possible and to work closely with the Assembly to ensure ratification; regrets, however, that this process is still pending and that there is no clear timeline, as is the case in Hungary; urges Hungary and Türkiye to ratify Sweden’s NATO membership without any further delay; urges the Turkish authorities to deliver on their promise of a more constructive partnership in NATO, including in the Eastern Mediterranean;
2023/10/02
Committee: AFET
Amendment 469 #

2023/2119(INI)

Motion for a resolution
Paragraph 26 c (new)
26c. Welcomes the Joint Communication on an Action Plan on Military Mobility 2.0, as a key contribution to strengthening European security, as recognised in the Strategic Compass; highlights the accelerated adoption of dual-use transport infrastructure projects following Russia’s war of aggression against Ukraine; and recalls the importance to ensure sufficient availability of financial resources to continue the project pipeline in the coming years;
2023/10/02
Committee: AFET
Amendment 502 #

2023/2119(INI)

Motion for a resolution
Paragraph 27 c (new)
27c. Reiterates the important role of young people and youth organisations in maintaining and promoting peace and security and calls on the EEAS to commit to more systematically integrating young people into its youth, peace and security (YPS) agenda;
2023/10/02
Committee: AFET
Amendment 519 #

2023/2119(INI)

Motion for a resolution
Paragraph 29 a (new)
29a. Calls on the EEAS to regularly and comprehensively report on the implementation of the Strategic Compass to the Subcommittee on Security and Defence;
2023/10/02
Committee: AFET
Amendment 60 #

2023/2106(INI)

Motion for a resolution
Paragraph 3 a (new)
3a. Notes with concern efforts to upgrade the secessionist entity in occupied Cyprus at the Organization of Turkic States and calls on the Central Asian states concerned to effectively uphold the respect of the principles of sovereignty and territorial integrity of all states and not to ratify the amended Statute of the Organization of Turkic States, which would put into effect the decision to grant observer status to the secessionist entity in occupied Cyprus;
2023/10/11
Committee: AFET
Amendment 9 #

2023/2064(INI)

Motion for a resolution
Citation 8 a (new)
– having regard to the International Monetary Fund’s 2023 World Economic Outlook,
2023/10/06
Committee: ECON
Amendment 10 #

2023/2064(INI)

Motion for a resolution
Citation 10 a (new)
– having regard to the European Parliament resolution of 19 May 2022 on the social and economic consequences for the EU of the Russian war in Ukraine – reinforcing the EU’s capacity to act (2022/2653(RSP)),
2023/10/06
Committee: ECON
Amendment 11 #

2023/2064(INI)

Motion for a resolution
Citation 10 b (new)
– having regard to the Paris Agreement adopted under the UN Framework Convention on Climate Change,
2023/10/06
Committee: ECON
Amendment 12 #
2023/10/06
Committee: ECON
Amendment 14 #

2023/2064(INI)

Motion for a resolution
Recital A
A. whereas, according to the June 2023 Eurosystem staff macroeconomic projections, the growth of the euro area economy is expected to slow down from 3.5 % in 2022 to 0.9 % in 2023, before rebounding to 1.5 % in 2024 ; whereas, according to a Eurostat flash estimate, the euro area grew by just 0.6 % in 2023; whereas this represents the worst performance since the recession of 2020;
2023/10/06
Committee: ECON
Amendment 20 #

2023/2064(INI)

Motion for a resolution
Recital B
B. whereas, according to the June 2023 Eurosystem staff macroeconomic projections for the euro area, headline inflation is expected to average 5.4 % in 2023, 3.0 % in 2024 and 2.2 % in 2025, despite falling energy prices and easing supply bottlenecks; whereas core inflation has been more persistent, with an inhile decreaseing to 5.54.3 % in JuneSeptember 2023, and is projected to overtake headline inflation in the near term and to remain above it until early 2024, mainly owing to strong wage growth;
2023/10/06
Committee: ECON
Amendment 29 #

2023/2064(INI)

Motion for a resolution
Recital D
D. whereas the ECB is politically independent, which means that neither from EU institutions and agencies norand Member State governments should seek to influence it;
2023/10/06
Committee: ECON
Amendment 31 #

2023/2064(INI)

Motion for a resolution
Recital D a (new)
Da. whereas central bank independence is not without democratic accountability, namely to the European Parliament as the sole democratically- legitimised institution representing European citizens, particularly but not exclusively when it comes to the appointment of officials to the ECB’s highest bodies; whereas legal and political accountability is the necessary counterpart for the legitimacy, independence and transparency of the ECB’s supervisory decisions;
2023/10/06
Committee: ECON
Amendment 34 #

2023/2064(INI)

Motion for a resolution
Recital E
E. whereas the ECB’s primary objective isand secondary objectives are, respectively, to maintain price stability, which it has defined as 2 % inflation over the medium term, and to support the general economic policies in the Union, which include full employment, social progress and environmental protection; whereas the ECB’s mandate, as defined by its objectives, is laid down in Article 127 TFEU and thus legally binding;
2023/10/06
Committee: ECON
Amendment 49 #

2023/2064(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the role of the ECB in safeguarding euro stability; underlines that the statutory independence of the ECB, as laid down in the Treaties, is a prerequisite for it to fulfil its mandate of maintaining price stability, and that its concomitant accountability is important in the fulfilment of its primary and secondary mandates;
2023/10/06
Committee: ECON
Amendment 56 #

2023/2064(INI)

Motion for a resolution
Paragraph 2
2. Underlines that price stability is a prerequisite for the ECB to deliver on its mandate to support the EU’s general economic policies, such as the green and digital transitions; stresses that price stability is essential for attracting long term investments; emphasizes that, by the same token, the ECB must take account of environmental, social and economic sustainability goals in line with its secondary mandate;
2023/10/06
Committee: ECON
Amendment 64 #

2023/2064(INI)

Motion for a resolution
Paragraph 3
3. Fears that, without properly delivering on its mandate of maintaining price stability, the ECB risks losing its legitimacycredibility; is worried that said potential loss of credibility may be aggravated by a loss of democratic control;
2023/10/06
Committee: ECON
Amendment 66 #

2023/2064(INI)

Motion for a resolution
Paragraph 3
3. Fears that, without properly delivering on its mandate of maintaining price stability, the ECB risks losing its legitimaccredibility;
2023/10/06
Committee: ECON
Amendment 71 #

2023/2064(INI)

4. Is deeply worried about the persistently high inflation rates, especially core inflation rates, and their detrimental impact on competitiveness, investments, job creation and the purchasing power of consumers; recalls that quantitative inflation targets are to be met over a medium-term horizon; calls, therefore, on the ECB to reflect on and guide its decision-making process in relation to the size and speed of increases in interest rates in line with a medium-term orientation; underlines the need for the ECB to provide information in regards to the monitoring and setting of the neutral interest rate;
2023/10/06
Committee: ECON
Amendment 77 #

2023/2064(INI)

Motion for a resolution
Paragraph 5
5. Expresses concern about the high levels of debt and government deficits within the Member States and the risks that this entails; notes that the situation is worse urges a swift outcome of the Commission’s legislative proposals on revising the euro area EU’s economic governance rules, which seek to strengthaen in non-euro area Member States; looks forward to the outcome of the Commission’s legislative proposals on revising the EU’s economic governance rules and welcomes the ECB’s opinion in this regardpublic debt sustainability and foresee the permanent mobilisation of resources for investments and financing of European structural and social policies, and welcomes the ECB’s opinion in this regard; recalls that said revision of the current economic governance framework must provide the EU with stable, transparent, reasonable and flexible rules that could be implemented and respected by all Member States with the due democratic accountability;
2023/10/06
Committee: ECON
Amendment 84 #

2023/2064(INI)

Motion for a resolution
Paragraph 6
6. RegretDenounces Russia’s unprovoked invasion and ongoing aggression against Ukraine; agrees with member of the Executive Board Isabel Schnabel on the risk the war entails in terms of negative supply side shocks; is deeply concerned about its enduring, unpredictable and severe repercussions for the European economy and society, particularly for the most exposed and vulnerable groups, such as lower-income households and SMEs;
2023/10/06
Committee: ECON
Amendment 93 #

2023/2064(INI)

Motion for a resolution
Paragraph 7
7. Highlights that not only do persistent high levels of inflation, the ongoing war in Ukraine and high levels of debt in the Member States threaten the competitiveness of the European economy, and thus the international role of the euro as well, but also the upward price pressure following the implementation of the European Green Deal, the rise of fragmentation and protectionism in global trade, and an impending subsidy race between states;
2023/10/06
Committee: ECON
Amendment 97 #

2023/2064(INI)

Motion for a resolution
Paragraph 7 a (new)
7a. Calls on the ECB to look into the strengthening of the international role of the euro with a view of raising its attractiveness as a reserve currency; recalls that the creation of a well-designed European safe asset could facilitate financial integration and help mitigate negative feedback loops between sovereigns and domestic banking sectors; stresses the need for deepening and completing the Economic and Monetary Union as a pre-requisite for a strong international euro; underlines the importance that co-legislators remain in charge throughout the design of the digital euro;
2023/10/06
Committee: ECON
Amendment 101 #

2023/2064(INI)

Motion for a resolution
Paragraph 8
8. Echoes President Lagarde’s warning that fiscal support should be targeted and limited and should not hinder the task of monetary policy; points out thatnotes, nevertheless, the limited influence of traditional monetary policy tools in tackling inflation that is mainly supply- driven; highlights the consequent need for a closer coordination between fiscal, budgetary, monetary and structural policies as a means to maintain price stability and support the most exposed and vulnerable groups; commends the efforts that Member States' governments, as well as the Commission, canundertake to support citizens and industries not only through fiscal measures, but also by focusing on growth-enhancing reforms; prompts the ECB to respond to the ongoing crisis and tackle its social, economic and financial impacts with bold and forward-looking solutions on monetary policy that are conducive to sustainable and inclusive growth, along with broader coordination with fiscal policy at EU and national levels;
2023/10/06
Committee: ECON
Amendment 107 #

2023/2064(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Notes that according to the most recent economic forecast, the Euro Area economy is expected to growth much less than what was predicted last spring, while there is a certain inertia in the price level; emphasizes that, as a consequence, the so- called “sacrifice ratio” to bring inflation back to 2% is becoming higher than the it was expected some time ago; recognizes that inflation is a painful and harmful phenomenon, and that ECB is using every tools at its disposal to cope with that; underlines, however, that social tensions, economic crisis and political instability are also equally dangerous for the future of the Union; warns that inflation, social, economic and political tensions might feed each other and could create a dangerous spiral; calls for a proper assessment on how to make the fight against inflation economically, socially and politically sustainable, and therefore possible.
2023/10/06
Committee: ECON
Amendment 109 #

2023/2064(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Emphasises the ineptness of conventional monetary policy alone in achieving price stability, sustainable growth and financial resilience, especially in consideration of the limited influence of monetary policy tools in tackling inflation that is mainly supply-driven; highlights the key role of supportive and discretionary fiscal policy and socially balanced and productivity-enhancing reforms and investments in this regard; calls for closer and more strategic coordination between fiscal, monetary and structural policies;
2023/10/06
Committee: ECON
Amendment 111 #

2023/2064(INI)

Motion for a resolution
Paragraph 9
9. Welcomes the ECB’sPresident Lagarde’s statement that the current geopolitical crisis requires us to progress on EU fiscal integration; welcomes the ECB’s long- standing support for a well thought out completion of the bEconomic and Monetary Union, the Banking uUnion and the c, namely with the establishment of a fully- fledged European Deposit Insurance Scheme, and the Capital mMarkets uUnion; recalls that this would contribute to a larger spread of risks within and the enhanced financial stability of the monetary union, as well as it would further strengthen the international role of the euro and amplify its attractiveness as a reserve currency;
2023/10/06
Committee: ECON
Amendment 120 #

2023/2064(INI)

Motion for a resolution
Paragraph 10
10. Notes that headline inflation has come down from 8.4 % in 2022 to 5.4 % in 2023, mainly driven by lower energy prices and the easing of supply bottlenecks; observes, however, that inflation remains well above the target level of 2 %; is concerned about second-round effects and implications for growth and employment, as well as the extraordinary burden placed on lower-income strata;
2023/10/06
Committee: ECON
Amendment 141 #

2023/2064(INI)

Motion for a resolution
Paragraph 13
13. Fully supports President Lagarde’s statement on fighting inflation for as long as necessary; applauds President Lagarde’s plea for humility and to regularly update the ECB’s models; invites the ECB, however, to fundamentally review its models and their role in its policymaking, while emphasising that monetary policy normalisation cannot be achieved at any cost and by itself, but rather by converging towards a closer coordination between fiscal, monetary and structural policies; applauds President Lagarde’s plea for humility and to regularly update the ECB’s models; invites the ECB, however, to fundamentally review its models and their role in its policymaking, taking into account the lessons learned from the ongoing and previous crises and the challenges posed to monetary policy-making, especially when disruptive supply-side driven inflation is concerned;
2023/10/06
Committee: ECON
Amendment 150 #

2023/2064(INI)

Motion for a resolution
Paragraph 14
14. Trusts that the ECB will deliver on its mandate to safeguard price stability; notes that real interest rates are still negative; is deeply concerned about the implications of increasingly higher interest rates for strategic and sustainable investments; calls on the ECB to ponder the feasibility of applying differentiated rates to tilt investment patterns away from brown technology and support investments that contribute most to reducing inflationary pressures such as those in energy efficiency and renewables;
2023/10/06
Committee: ECON
Amendment 155 #

2023/2064(INI)

Motion for a resolution
Paragraph 15
15. Notes the inflation target level of 2 % in the medium term; observes that inflation has, thus far, either been well below or far above this target level; questions the scientific evidence for this 2 % target level, as well as the meaning of ‘medium term’; invitesalso takes note that inflation is on a downward trend, nearing the ECB's medium-term objective; reflects on the commitment to symmetry, if price stability is best maintained by aiming at this 2 % target level; calls on the ECB to look into a more qualitative approach to price stability;
2023/10/06
Committee: ECON
Amendment 165 #

2023/2064(INI)

Motion for a resolution
Paragraph 16
16. Supports the ECB’s decision to scale back its asset-purchasing programmes, in view of the excess liquidity in the market; notwelcomes the ECB’s announcement to decarbonise its corporate bond holdings by ‘tilting’ its portfolio; stresses the importance of the quality of the collateral;
2023/10/06
Committee: ECON
Amendment 192 #

2023/2064(INI)

Motion for a resolution
Paragraph 17 a (new)
17a. Underlines that climate change and extreme weather phenomena could lead to greater variability in prices, especially in the agri-food sector; notes that sudden tightening conditions on the supply side might become very frequent, leading to new inflationary episodes in the coming years; emphasizes that this is an issue that evidently poses serious difficulties for the ECB, which have adequate tools to stabilize demand-driven inflation, but can do little when price instability is mainly due to variations in supply conditions; expresses concern that the Union do not have a proper toolkit to deal with such episodes.
2023/10/06
Committee: ECON
Amendment 209 #

2023/2064(INI)

Motion for a resolution
Paragraph 19
19. Takes note ofWelcomes the ECB’s progress on the digital euro project and welcomes its dialogue with Parliament in this regard; reiterates that a digital euro must respect competition in the banking landscape, must not endanger the existence or use of cash and must respect the privacy and security of citizens and businesses;
2023/10/06
Committee: ECON
Amendment 212 #

2023/2064(INI)

Motion for a resolution
Paragraph 20
20. Shares the ECB’s concern regarding the rise of the shadow banking sector and the risk it may pose to financial stability; calls on the ECB to step up its monitoring of the development of crypto- currencies and of the related risks and emerging threats in terms of cybersecurity, money laundering, terrorism financing and other criminal activities; stresses the need for adequate regulation in this field;
2023/10/06
Committee: ECON
Amendment 220 #

2023/2064(INI)

Motion for a resolution
Paragraph 21 a (new)
21a. Evokes the crucial role of the ECB in supporting the implementation of the European Pillar of Social Rights as the beacon of equality and social justice guiding the EU towards greater socio- economic convergence;
2023/10/06
Committee: ECON
Amendment 223 #

2023/2064(INI)

Motion for a resolution
Paragraph 22
22. Acknowledges the ECB’s openness and availability to Parliament; welcomes the formalisation, in writing, of the current accountability practices between the ECB and Parliamenthighlights, nevertheless, the need to further enhance the ECB’s accountability and transparency arrangements in light of the magnitude of the responsibilities assumed by the ECB in the recent years and amidst the ongoing economic and financial crisis; calls for the formalisation, in writing, of the current accountability practices between the ECB and Parliament; endorses, to this end, the relaunch of negotiations on a formal Inter- Institutional agreement as a means to re- anchor the ECB’s credibility and reinforce the standing accountability mechanisms;
2023/10/06
Committee: ECON
Amendment 224 #

2023/2064(INI)

Motion for a resolution
Paragraph 22 a (new)
22a. Calls for the enhancement of the ECB’s internal whistleblowing framework;
2023/10/06
Committee: ECON
Amendment 225 #

2023/2064(INI)

Motion for a resolution
Paragraph 22 b (new)
22b. Calls for the ECB to create an internal evaluation office for ex post assessment of its policy decisions;
2023/10/06
Committee: ECON
Amendment 226 #

2023/2064(INI)

Motion for a resolution
Paragraph 23
23. Welcomes the ECB’s substantial and detailed feedback on Parliament’s resolution on the 2021 ECB annual report; calls on the ECB to maintain this commitment to accountability and transparency, and to continue publishing its written feedback on Parliament’s resolutions on the ECB annual reports every year;
2023/10/06
Committee: ECON
Amendment 232 #

2023/2064(INI)

Motion for a resolution
Paragraph 24
24. Welcomes the ECB’s new communications policy, which includes more accessible ways to explain and present ECB policy decisions to citizens and stakeholders; encourages the reinforcement of the ECB’s communication about central bank policy objectives and crisis responses in order to stabilise euro area inflation expectations and allow families and business to better manage the higher interest rates environment stimulated by the substantial tightening of monetary policy;
2023/10/06
Committee: ECON
Amendment 233 #

2023/2064(INI)

Motion for a resolution
Paragraph 24 a (new)
24a. Notes the recent appointment of the new Chair of the Supervisory Board and calls on the ECB to take better account of the position of the European Parliament’s Committee on Economic and Monetary Affairs on such appointments in the future;
2023/10/06
Committee: ECON
Amendment 190 #

2023/0205(COD)

Proposal for a regulation
Recital 19
(19) The data use perimeter thus established in this Regulation and in the accompanying guidelines (‘the guidelines’)regulatory technical standards to be developed by the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) should provide a proportionate framework on how personal data related to a consumer that falls within the scope of this Regulation should be used. The data use perimeter ensures consistency between the scope of this Regulation, which excludes data that forms part of a creditworthiness assessment of a consumer as well as data related to life, health and sickness insurance of a consumer, and the scope of the guidelines,regulatory technical standards which set recommendations on how types of data originating from other areas of the financial sector that are in scope of this Regulation can be used to provide these products and services. The guideline The regulatory technical standards developed by the EBA should set out how other types of data that are in scope of this Regulation can be used to assess the credit score of a consumer. The guidelineregulatory technical standards developed by EIOPA should set out how data in scope of this Regulation can be used in products and services related to risk assessment and pricing in the case of life, health and sickness insurance products. The guidelineregulatory technical standards should be developed in a manner that is aligned to the needs of the consumer and proportionate to the provision of such products and services. The regulatory technical standards developed by EIOPA and the EBA should also elaborate on the limits for combining ‘customer data’ with other types of personal data, such as personal data obtained from third party sources, such as from social media networks or from data brokers.
2024/02/02
Committee: ECON
Amendment 223 #

2023/0205(COD)

Proposal for a regulation
Recital 48
(48) Regulation (EU) 2016/679 applies when personal data are processed. ItProcessing of personal data in the context of this Regulation should be carried out in accordance with Regulation (EU) 2016/679 and Regulation (EU) 2018/1725, as well as, where applicable, with the ePrivacy Directive. Regulation (EU) 2016/679 provides for the rights of a data subject, including the right of access and right to port personal data. This Regulation is without prejudice to the rights of a data subject provided under Regulation (EU) 2016/679, including the right of access and right to data portability. This Regulation creates a legal obligation to share customer personal and non- personal data upon customer’s request and mandates the technical feasibility of access and sharing for all types of data within the scope of this Regulation. The granting of permission by a customer is without prejudice to the obligations of data users under Article 6 of Regulation (EU) 2016/679. Permission should not be construed as ‘consent’ or ‘explicit consent’ or ‘necessity for the performance of a contract’ as defined in Regulation (EU) 2016/679. Personal data that are made available and shared with a data user should only be processed for services provided by a data user where there is a valid legal basis under Article 6(1) of Regulation (EU) 2016/679 and, when applicable, where the requirements of Article 9 of that Regulation on the processing of special categories of data are met.
2024/02/02
Committee: ECON
Amendment 271 #

2023/0205(COD)

Proposal for a regulation
Article 2 – paragraph 3
3. This Regulation shall not apply to the entities referred to in Article 2(3), points (a) to (e), of Regulation (EU) 2022/2554. Any undertaking designated as a gatekeeper, pursuant to Article 3 of Regulation (EU) 2022/1925, shall not be an eligible data user for the purposes of this Regulation. .
2024/02/02
Committee: ECON
Amendment 278 #

2023/0205(COD)

Proposal for a regulation
Article 2 – paragraph 3 a (new)
3 a. 3a. This Regulation shall not apply to special categories of data referred to in Article 9(1) of Regulation (EU) 2016/679.
2024/02/02
Committee: ECON
Amendment 282 #

2023/0205(COD)

Proposal for a regulation
Article 2 – paragraph 3 b (new)
3 b. This regulation shall not apply to collectively concluded products such as products resulted from social partners bargaining, trade unions or products procured by non-profit organisations on behalf of their members.
2024/02/02
Committee: ECON
Amendment 305 #

2023/0205(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 3
(3) ‘customer data’ means personal and non-personal data that is collected, stored and otherwise processed by a financial institution as part of their normal course of business with customers which covers both data provided by a customer and data generated as a result of customer interaction with the financial institution and shall exclude data created as a result of profiling as per Article 4(4) of Regulation (EU) 2016/679;
2024/02/02
Committee: ECON
Amendment 312 #

2023/0205(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 5
(5) ‘data holder’ means a financial institution other than an account information service provider that collects, stores and otherwise processes the data listed in Article 2(1) ;
2024/02/02
Committee: ECON
Amendment 327 #

2023/0205(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 7 a (new)
(7 a) ‘financial information service’ means an online service providing consolidated information on one or more financial services products listed under Article 2(1) of this Regulation with a view to providing a customer with an overall view of their financial situation immediately at any given moment;
2024/02/02
Committee: ECON
Amendment 353 #

2023/0205(COD)

Proposal for a regulation
Article 5 – paragraph 1
1. The data holder shall, upon explicit request from a customer submitted by electronic means, make available to a data user the customer data listed in Article 2(1) for the purposes for which the customer has granted permission to the data user. The customer data shall be made available to the data user without undue delay, continuously and in real-time.
2024/02/02
Committee: ECON
Amendment 371 #

2023/0205(COD)

Proposal for a regulation
Article 6 – paragraph 2
2. A data user shall only request and access customer data made available under Article 5(1) that is adequate, relevant and necessary for the purposes and under the conditions for which the customer has granted its permission. A data user shall delete customer data when it is no longer necessary for the purposes for which the permission has been granted by a customer.
2024/02/02
Committee: ECON
Amendment 375 #

2023/0205(COD)

Proposal for a regulation
Article 6 – paragraph 4 – point a a (new)
(a a) not transfer any customer data to any third party without the customer’s explicit permission;
2024/02/02
Committee: ECON
Amendment 381 #

2023/0205(COD)

Proposal for a regulation
Article 6 – paragraph 4 – point e
(e) not process customer data for advertising purposes, except for direct marketing in accordance with Union and national lawsubject to their prior consent;
2024/02/02
Committee: ECON
Amendment 397 #

2023/0205(COD)

Proposal for a regulation
Article 7 – paragraph 2
2. In accordance with Article 16 of Regulation (EU) No 1093/2010, tThe European Banking Authority (EBA) shall develop guidelinedraft regulatory technical standards on the implementation of paragraph 1 of this Article for products and services related to the credit score of the consumer, mortgage credit agreements, and payment services.
2024/02/02
Committee: ECON
Amendment 399 #

2023/0205(COD)

Proposal for a regulation
Article 7 – paragraph 3
3. In accordance with Article 16 of Regulation (EU) No 1094/2010, tThe European Insurance and Occupational Pensions Authority (EIOPA) shall develop guidelinedraft regulatory technical standards on the implementation of paragraph 1 of this Article for products and services related to risk assessment and pricing of a consumer in the case of non- life, life, health and sickness insurance products.To avoid certain consumers becoming unable to access insurance due to overly granular risk assessments by insurers, these regulatory technical standards shall include provisions on how data may be used to avoid excessive granularity that undermines the "risk sharing" principle of insurance.
2024/02/02
Committee: ECON
Amendment 403 #

2023/0205(COD)

Proposal for a regulation
Article 7 – paragraph 3 a (new)
3 a. For the purposes of paragraphs (2) and (3) of this article, regulatory technical standards should address: (a) the limits of the combination of ‘customer data’ obtained pursuant to the Proposal with other types of personal data; (b) the explainability, transparency and bias avoidance safeguards needed to be installed when Artificial Intelligence tools and algorithms are being deployed, used or trained for any of the purposes mentioned in paragraphs (2) and (3) of this article; (c) the information provision obligations for financial institutions when a customer is presented with a personalised offer that is based on profiling or other types of automated processing of personal data; (d) how the ‘right to be forgotten’ of cancer survivors shall be applicable in relation to non-credit related insurance policies, including life and health insurance, in line with article 124 of the 2020/2267 (INI) Report of the European Parliament. This shall also be extended to other chronic diseases and mental conditions.
2024/02/02
Committee: ECON
Amendment 407 #

2023/0205(COD)

Proposal for a regulation
Article 7 – paragraph 4
4. When preparing the guidelineregulatory technical standards referred to in paragraphs 2 and 3 of this Article, EIOPA and EBA shall closely cooperate and seek a formal consultation with the European Data Protection Board established by Regulation (EU) 2016/679. The regulatory technical standards developed by EBA and EIOPA shall also address, where appropriate, limits on the combining of consumer data obtained pursuant to the Proposal with other types of personal data.
2024/02/02
Committee: ECON
Amendment 409 #

2023/0205(COD)

Proposal for a regulation
Article 7 – paragraph 4 a (new)
4 a. A consumer cannot be denied access to a financial product if they do not consent to their data being shared or accessed via the framework established by this Regulation. For the purposes of the implementation of this paragraph, the burden of proof shall lie with the data user.
2024/02/02
Committee: ECON
Amendment 412 #

2023/0205(COD)

Proposal for a regulation
Article 7 – paragraph 4 b (new)
4 b. Additional financial and human resources shall be provided to the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) for the fulfilment of their tasks under this Regulation.
2024/02/02
Committee: ECON
Amendment 430 #

2023/0205(COD)

Proposal for a regulation
Article 8 – paragraph 3 a (new)
3 a. The data holder shall ensure that the permission dashboard is not designed in a way that would encourage or unduly influence the customer to grant or withdraw permissions, including through the use of dark patterns and through the use of pre-tricked boxes. For example, the procedure to withdraw consent cannot be made more difficult than the procedure to grant access. The EBA and EIOPA, in close cooperation with the European Data Protection Board established by Regulation (EU) 2016/679, shall be required to develop guidelines on the implementation of this paragraph.
2024/02/02
Committee: ECON
Amendment 436 #

2023/0205(COD)

Proposal for a regulation
Article 8 – paragraph 4 – point b – point iii a (new)
(iii a) the legal basis under Article 6(1) GDPR and, where relevant, the exception under Article 9(2) GDPR that they would rely on to access personal data contained in the customer dataset;
2024/02/02
Committee: ECON
Amendment 459 #

2023/0205(COD)

Proposal for a regulation
Article 10 – paragraph 1 – subparagraph 1 – point a – point i
(i) data holders and data users representing a significant proportion of the market of the product or service concerned, with each side having fair and equal representation in the internal decision- making processes of the scheme as well as equal weight in any voting procedures; where a member is both a data holder and data user, its membership shall be counted equally towards both sides;
2024/02/02
Committee: ECON
Amendment 464 #

2023/0205(COD)

Proposal for a regulation
Article 10 – paragraph 1 – subparagraph 1 – point a a (new)
(a a) each of the parties listed in paragraph (a) above shall have fair and equal representation in the internal decision-making processes of the scheme as well as equal weight in any voting procedures; where a member is both a data holder and data user, its membership shall be counted equally towards both sides;
2024/02/02
Committee: ECON
Amendment 466 #

2023/0205(COD)

Proposal for a regulation
Article 10 – paragraph 1 – subparagraph 1 – point e
(e) a financial data sharing scheme shall include a mechanism through which its rules can be amended, following an impact analysis and the agreement of the majority of each community of data holders and, data users and consumer organisations respectively;
2024/02/02
Committee: ECON
Amendment 471 #

2023/0205(COD)

Proposal for a regulation
Article 10 – paragraph 1 – subparagraph 1 – point g a (new)
(g a) a financial data sharing scheme shall also establish minimum technical and organisational measures to ensure an appropriate level of security for the exchange of personal data;
2024/02/02
Committee: ECON
Amendment 480 #

2023/0205(COD)

Proposal for a regulation
Article 10 – paragraph 1 – subparagraph 1 – point h – point i
(i) it should be limited to reasonable compensation directly related to the costs incurred in making the data available to the data user and which is attributable to the request;
2024/02/02
Committee: ECON
Amendment 496 #

2023/0205(COD)

Proposal for a regulation
Article 10 – paragraph 6 – subparagraph 1
Within 1 month of receipt of the notification pursuant to paragraph 4, the competent authority shall assess whether the financial data sharing scheme’s governance modalities and characteristics are in compliance with paragraph 1. When assessing the compliance of the financial data sharing scheme with paragraph 1, the competent authority mayshall consult other competent authoritiesrelevant supervisory authorities under Regulation (EU) 2016/679.
2024/02/02
Committee: ECON
Amendment 500 #

2023/0205(COD)

Proposal for a regulation
Article 10 – paragraph 6 a (new)
6 a. Competent authorities shall undertake regular comprehensive reviews of data sharing schemes’ governance arrangements set out in Article 10(1). These reviews shall include a thorough and documented assessment whether the schemes’ arrangements are appropriate and credible for the purposes of ensuring the responsible treatment of customer data.
2024/02/02
Committee: ECON
Amendment 505 #

2023/0205(COD)

Proposal for a regulation
Article 11 – paragraph 1 – introductory part
In the event that a financial data sharing scheme is not developed for one or more categories of customer data listed in Article 2(1) and there is no realistic prospect of such a scheme being set up within a reasonable amount of time, the Commission is empowered, in consultation with the European Data Protection Board, to adopt a delegated act in accordance with Article 30 to supplement this Regulation by specifying the following modalities under which a data holder shall make available customer data pursuant to Article 5(1) for that category of data:
2024/02/02
Committee: ECON
Amendment 529 #

2023/0205(COD)

Proposal for a regulation
Article 14 – paragraph 1
1. The competent authority shall grant an authorisation if the information and evidence accompanying the application complies with of the requirements laid down in Article 11(1) and (2). Before granting an authorisation, the competent authority may, wshall, consult othere relevant, consult other relevant public authorities public authorities, in particular relevant supervisory authorities under Regulation (EU) 2016/679.
2024/02/02
Committee: ECON
Amendment 536 #

2023/0205(COD)

Proposal for a regulation
Article 14 – paragraph 7 – subparagraph 1 – point c a (new)
(c a) if a supervisory authority under Regulation (EU) 2016/679 establishes that a financial information service provider has breached its obligations under EU data protection laws;
2024/02/02
Committee: ECON
Amendment 552 #

2023/0205(COD)

Proposal for a regulation
Article 20 – paragraph 3 – point f
(f) in the case of a natural person, maximum administrative fines of up to EUR 250 000 per infringement and up to a total of EUR 2500 000 per year, or, in the Member States whose official currency is not the euro, the corresponding value in the official currency of that Member State on ... [OP please insert the date of entry into force of this Regulation]. .
2024/02/02
Committee: ECON
Amendment 554 #

2023/0205(COD)

Proposal for a regulation
Article 20 – paragraph 4 – subparagraph 1 – point a
(a) up to EUR 50 000 per infringement and up to a total of EUR 5 000 000 per year, or, in the Member States whose official currency is not the euro, the corresponding value in the official currency of that Member State on ... [OP please insert the date of entry into force of this Regulation];
2024/02/02
Committee: ECON
Amendment 556 #

2023/0205(COD)

Proposal for a regulation
Article 20 – paragraph 4 – subparagraph 1 – point b
(b) 210% of the total annual turnover of the legal person according to the last available financial statements approved by the management body;
2024/02/02
Committee: ECON
Amendment 573 #

2023/0205(COD)

Proposal for a regulation
Article 31 – paragraph 1 – point e a (new)
(e a) the impact of the regulation on financial exclusion.
2024/02/02
Committee: ECON
Amendment 577 #

2023/0205(COD)

Proposal for a regulation
Article 31 – paragraph 2
2. By [OP please insert the date = 4 years after the date of entry into force of this Regulation, the Commission shall submit a report to the European Parliament and the Council assessing the conditions for access to financial data applicable to account information service providers under this Regulation and under Directive (EU) 2015/2366. The report can be accompanied, if deemed appropriate, by a legislative proposal.deleted
2024/02/02
Committee: ECON
Amendment 153 #

2023/0138(COD)

Proposal for a regulation
Recital 4
(4) The involvement ofIn order to increase the democratic accountability of the fiscal governance framework, the effective involvement of the European Parliament is key as well as the structured involvement of national parliaments, local and regional authorities, social partners, civil society organisations and other relevant stakeholders in the European Semester is keyand in the economic governance process as a whole to ensure ownership and transparent and inclusive policy-making.
2023/10/26
Committee: ECON
Amendment 158 #

2023/0138(COD)

Proposal for a regulation
Recital 5
(5) The economic governance framework of the Union should be adapted to better take into account the growing heterogeneity and challenges of fiscal positions, and public debt challenges and other vulnerabilities acrossacross the Member States, national public investment gaps and needs to achieve the priorities of the Union, together with other vulnerabilities. The framework should also provide enough flexibility and be capable of quickly adapt to unexpected and structural shocks with asymmetric impact on Member States. The strong and coordinated policy response to the COVID-19 pandemic, supported by bold, innovative and common instruments at EU level, proved highly effective in mitigating the economic and social damage of the crisis, but tturning the EU economy more resilient and credible to financial markets. The crisis resulted in a significant increase in public- and private-sector debt ratios, underscoring the importance of reducing debt ratios to prudent levels in a gradual, sustained, and growth-friendly and inclusive manner and addressing macroeconomic imbalances, while paying due attention to employment and social objectives and upward social convergence. At the same time, the economic governance framework of the Union should be adapted, to helpprovide, with a level playing field, the necessary fiscal space - at EU and Member State level to address the medium- and long-term challenges facing the Union including achieving a fair digital and green transition, including the Climate Law22 , ensuring energy security, open strategic autonomy, addressing demographic change, strengthening social and economic resilience and implementing the strategic compass for security and defence, all of which requires reforms and sustained high levels of investment in the years to come. _________________ 22 The European Climate Law sets a Union-wide climate neutrality objective by 2050 and requires Union institutions and Member States to progress in enhancing adaptive capacity, requiring significant public investment to reduce the negative socio-economic impacts of climate change on the EU and its Member States, including negative impacts on growth and fiscal sustainabilitystrengthening social and economic resilience, including the implementation of the Pillar of Social Rights, ensuring energy security, open strategic autonomy, addressing demographic.
2023/10/26
Committee: ECON
Amendment 171 #

2023/0138(COD)

Proposal for a regulation
Recital 6
(6) The economic governance framework of the Union should put debt sustainability, investment and reforms, the common priorities of the Union and sustainable and inclusive growth at its core on equal footing and therefore differentiate between Member States by taking into account their public debt challenges and allowing country-specific fiscal trajectories, and ensure consistency among the Union as a whole, including the euro area.
2023/10/26
Committee: ECON
Amendment 180 #

2023/0138(COD)

Proposal for a regulation
Recital 6 a (new)
(6 a) To achieve the central objective of the reform of this framework - to strengthen public debt sustainability while promoting sustainable and inclusive growth in all Member States and respond fully to the sustained high levels of investment needed to finance EU public goods to address the current and future strategic priorities of the EU - , this framework would be better equipped, if supported by a central and permanent investment instrument. The lessons learned from the implementation of EU instruments, such as SURE or NextGenerationEU, could serve as constructive models for forthcoming investment and macroeconomic stabilisation mechanisms aimed at strengthening the fiscal governance framework.
2023/10/26
Committee: ECON
Amendment 181 #

2023/0138(COD)

Proposal for a regulation
Recital 6 b (new)
(6 b) In order to increase the legitimacy of the European semester, in order to account for the far-reaching consequences of measures adopted in the context of the European semester on the economic and fiscal course of action and the social fabric of the Member States and in order to ensure appropriate public scrutiny, the European semester should only be launched by a legislative act in the form of a decision on a proposal made by the Commission, based on Article 121(6) TFEU, and promptly adopted jointly by the European Parliament and the Council. In this decision, the European Parliament and the Council define, in the recitals, their benchmarks for the outcome of the European semester that is to be launched. The European Commission has to take due account of this decision and its recitals when adopting its communication on the Annual Sustainability Growth Survey. By the same token, the Commission takes due account of the Annual Sustainability Growth Survey, the Council’s conclusions and the European Parliament’s resolutions thereon when drafting the recommendations for the draft broad guidelines of the economic policies of the Member States and the Union pursuant to Article 121(2) TFEU and the proposal for the guidelines for employment pursuant to Article 148(2) TFEU. The European Parliament evaluates the Commission's role in the previous European semester against the benchmark of launching decision, the Annual Sustainability Growth Survey and the Parliament’s resolution thereon when adopting the decision to launch the subsequent European semester.
2023/10/26
Committee: ECON
Amendment 182 #

2023/0138(COD)

Proposal for a regulation
Recital 6 c (new)
(6 c) In order to set out the detailed arrangements of the interinstitutional relationship between the European Parliament and the European Commission in the context of the European semester, both institutions should conclude an interninstitutional agreement between each other on the involvement of the European Parliament in the drafting and approval of the Annual Sustainability Growth Survey, of the broad economic policy and employment guidelines, of the reference trajectory, of the medium-term fiscal- structural plans, of the country-specific recommendations. In order to increase the personal accountability of the Commissioner responsible for the implementation of the European semester, the President of the Commission should commit itself, as a rule, to request that Commissioner to resign, in accordance with Article 17(6) TEU and Point 5 of the Framework Agreement on relations between the European Parliament and the Commission, if Parliament asks the President of the Commission to withdraw confidence in that Commissioner on the basis of a negative assessment of the outcome of the European semester. If the President refuses exceptionally to require resignation, she/he explains his/her refusal to do so before Parliament in the following part-session.
2023/10/26
Committee: ECON
Amendment 183 #

2023/0138(COD)

Proposal for a regulation
Recital 6 d (new)
(6 d) In order to promote upward social convergence, the multilateral surveillance procedure set out in Article 148(4) TFEU is complemented with an early warning system within the European Semester (Social Convergence Framework). Within the Social Convergence Framework, the Commission - pursuant to Article 148 TFEU - first identifies risks to upward convergence for Member States in the Joint Employment Report based on the Social Scoreboard headline indicators. In the second stage, the Commission identifies Member States requiring further examination and publishes the ‘Social Convergence Reports’ for those Member States identified as facing risks to upward social convergence. The country-specific conclusions of the multilateral surveillance activities under the new framework should provide input to the Commission’s reflection on CSR proposals.
2023/10/26
Committee: ECON
Amendment 199 #

2023/0138(COD)

Proposal for a regulation
Recital 10
(10) Cohesion policy funds are also synchronised with the European Semester process. As the long-term investment policy of the EU budget, strengthening economic, social and territorial cohesion, cohesion policy investments and reforms should also be duly taken into account in the drawing of the national medium-term fiscal-structural plans. Each Member State should also explain how its national medium-term fiscal-structural plan will ensure consistency with the expenditure on EU programmes fully matched by EU funds revenue and the relevant national co- financing.
2023/10/26
Committee: ECON
Amendment 217 #

2023/0138(COD)

Proposal for a regulation
Recital 13
(13) To provide guidance to the Member States ininitiate the drafting of theirits national medium-term fiscal-structural plan, the Commission should put forward a technicaleach Member State, having a public debt above the 60% of GDP reference value or a government deficit above the 3% of GDP reference value, should put forward a proposal for a reference trajectory to the Commission. The trajectory should be based on the minimum fiscal adjustment that brings the debt trajectory of the Member State on a plausibly downward path leading to sustainable debt reduction or maintains debt at a prudent level. It should also ensure that the public debt ratio at the end of the planning horizon declines below its level in the year before the start of the technical trajectoryis reduced by at least [0,1] p.p of debt to GDP on average over the adjustment period plus 10 years. The sustainability of that debt reduction should result from appropriate fiscal policies.
2023/10/26
Committee: ECON
Amendment 272 #

2023/0138(COD)

Proposal for a regulation
Recital 26
(26) To inform enforcement actions, in particular a report under Article 126(3) TFEU, the Commission should set up a control account for each Member State to keep track of annual deviations of the net expenditure observed in the Member State from the net expenditure path set by the Council, summing those deviations over time. A Member State will be deemed not to be in compliance of its net expenditure path where the cumulated balance of the control account during the adjustment period is higher than [X% of GDP] in the years of positive GDP growth. It should be netted out from the control account, the years where Member States implement, within a defined timeframe, justifiable and strategically significant investments addressing the common priorities of the Union, the years where Member States suffer exceptional circumstances outside its control that lead to a major impact on the public finances, the years where the structural primary balance remains above X% during the adjustment period.
2023/10/26
Committee: ECON
Amendment 276 #

2023/0138(COD)

Proposal for a regulation
Recital 27
(27) Independent fiscal institutions have proven their capacity to foster fiscal discipline and strengthen the credibility of Member States’ public finances. In order to enhance national ownership, the role of independent fiscal institutions, traditionally mandated to monitor compliance with the national framework, should be expanded to the economic governance framework of the Union with an appropriate balance with the role of the European Parliament in order to increase the overall democratic accountability of the framework.
2023/10/26
Committee: ECON
Amendment 312 #

2023/0138(COD)

Proposal for a regulation
Article 1 – paragraph 2
It lays down detailed rules concerning the content, submission, assessment and monitoring of national medium-term fiscal- structural plans as part of multilateral budgetary surveillance by the Council and the Commission so as to promote debt sustainability, with involvement of the European Parliament, so as to promote debt sustainability, investments and reforms, common priorities of the Union, and sustainable and inclusive growth and upward social convergence in the Member States and prevent the occurrence of excessive government deficits, by medium- term planning ensuring consistency among the Union, including the euro area.
2023/10/26
Committee: ECON
Amendment 403 #

2023/0138(COD)

Proposal for a regulation
Article 3 a (new)
Article3a Launching the European Semester 1. The European Semester is launched by a decision of the European Parliament and Council, on a proposal by the Commission, based on Article 121(6) of the Treaty on the Functioning of the European Union adopted in accordance with the ordinary legislative procedure. 2. Following the adoption of the decision pursuant to paragraph 1, the European Commission shall adopt a communication on the Annual Sustainability Growth Survey taking due account of the decision referred to in paragraph 1. 3. When drafting the recommendations for the draft broad guidelines of the economic policies of the Member States and the Union pursuant to Article 121(2) of the Treaty on the Functioning of the European Union and when drafting the proposal for the guidelines for employment pursuant to Article 148(2) of the Treaty on the Functioning of the European Union the European Commission shall take due account of Annual Sustainability Growth Survey referred to in paragraph 2.
2023/10/26
Committee: ECON
Amendment 452 #

2023/0138(COD)

Proposal for a regulation
Article 6 – paragraph 1 – point b
(b) the government deficit is brought and maintained below, on average, the 3% of GDP reference value;
2023/10/26
Committee: ECON
Amendment 460 #

2023/0138(COD)

Proposal for a regulation
Article 6 – paragraph 1 – point c
(c) the fiscal adjustment effort over the period of the national medium-term fiscal- structural plan is at least proportional to the total effort over the entire adjustment period; If a Member State plans to implement, within a defined timeframe, justifiable and strategically significant investments addressing the common priorities of the Union as outlined in Article 12, that year will be exempted from this rule, meaning that the year will be taken out of the proportionality calculations;
2023/10/26
Committee: ECON
Amendment 471 #

2023/0138(COD)

Proposal for a regulation
Article 6 – paragraph 1 – point d
(d) the public debt ratio at the end of the planning horizon is below the public debt ratio in the year before the start of the technical trajectory; andis reduced by at least [0,1] p.p of debt to GDP on average over the adjustment period plus 10 years.
2023/10/26
Committee: ECON
Amendment 504 #

2023/0138(COD)

Proposal for a regulation
Article 6 – paragraph 1 a (new)
If a Member States deficit is above 3% while the public debt is below the 60% of GDP reference value, the rules in Article 6(1), points (c) and (d), shall not apply.
2023/10/26
Committee: ECON
Amendment 534 #

2023/0138(COD)

Proposal for a regulation
Article 7 – paragraph 1 b (new)
1 b. Following the negotiations, in case of no agreement between the Member State and the Commission on the reference trajectory, the Council may recommend the Member State concerned that the technical trajectory proposed by the Commission be the net expenditure path of the Member State or request a new proposal.
2023/10/26
Committee: ECON
Amendment 535 #

2023/0138(COD)

Proposal for a regulation
Article 7 – paragraph 1 c (new)
1 c. In case a Member State does not submit its proposal for a reference trajectory by [1 March] of the same year referred to in paragraph 1, the Commission shall put forward a reference trajectory meeting the requirements set out in Article 6 in its own motion.
2023/10/26
Committee: ECON
Amendment 555 #

2023/0138(COD)

Proposal for a regulation
Article 8 – paragraph 1
To assess plausibility and sustainability that the projected public debt ratio of the Member State concerned is on a downward path or remains at a prudent level, the Commission shall use thea methodology referred to in Annex V. The Commission shall make public its analysis of plausibility and the underlying data. based on the following conditions: (a) public debt ratio should be declining, or stay at prudent levels, under the deterministic scenarios of the Commission’s medium-term public debt projection framework based on the debt sustainability analysis methodology; (b) the risk of the public debt ratio not decreasing in the 5 years following the adjustment period of the national medium-term fiscal-structural plan is sufficiently low, according to the Commission's analysis.
2023/10/26
Committee: ECON
Amendment 584 #

2023/0138(COD)

Proposal for a regulation
Article 9 – paragraph 1 a (new)
Prior to submission, Member States shall discuss its draft national medium-term fiscal-structural plan with its respective parliaments. The Member State shall make its national medium-term fiscal- structural plan public, including all the data and documents related to the negotiations and assumptions used for the reference trajectory.
2023/10/26
Committee: ECON
Amendment 644 #

2023/0138(COD)

Proposal for a regulation
Article 12 – paragraph 1 – point b
(b) explain how it will eEnsure the delivery of investment and reforms responding to the main challenges identified within the European Semester, in the country-specific recommendations, correct the identified macroeconomic imbalances under the Macroeconomic Imbalances Procedure if applicable, and address the common priorities of the Union referred to in Annex VI of this Regulation, including the European Green Deal, European Pillar of Social Rights and the Digital Decade while being consistent with the updated National Energy and Climate Plans and the National Digital Decade Roadmaps;the social convergence reports under the Social Convergence Framework and correct, if applicable, the identified macroeconomic imbalances under the Macroeconomic Imbalances Procedure, the warnings by the Commission, or the recommendations by the Council, made pursuant to Article 121(4) TFEU.
2023/10/26
Committee: ECON
Amendment 660 #

2023/0138(COD)

Proposal for a regulation
Article 12 – paragraph 1 – point b a (new)
(b a) address the following common priorities of the Union: (a) The European Green Deal, including the transition to climate neutrality by 2050 and the translation at national level through the National Energy and Climate Plans; (b) The European Pillar of Social Rights, including the related targets on employment, skills and poverty reduction by 2030; (c) The Digital Decade Policy Programme 2030, and reflected at national level through the National Digital Decade Strategic Roadmaps; (d) A Strategic Compass for Security and Defence - For a European Union that protects its citizens, values and interests and contributes to international peace and security.
2023/10/26
Committee: ECON
Amendment 671 #

2023/0138(COD)

Proposal for a regulation
Article 12 – paragraph 1 – point d
(d) explain how it will ensure consistencEnsure consistency and where appropriate complementarity with the Recovery and Resilience Plan of the Member State concerned during the period of availability of the Recovery and Resilience Facility in accordance with Regulation (EU) 2021/241 and with any EU investment instruments that address the EU common priorities or serve the same purpose as the Recovery and Resilience Facility.
2023/10/26
Committee: ECON
Amendment 680 #

2023/0138(COD)

Proposal for a regulation
Article 12 – paragraph 1 – point d b (new)
(d b) ensure progress in addressing national public investment gaps in alignment with each of the priorities of the Union as stated in Article 12 of Regulation (EC) No 1466/97, recognising that these investments play a pivotal role in supporting the fulfilment of Union objectives and ensuring sustainable and inclusive growth, upward social convergence and fiscal stability;
2023/10/26
Committee: ECON
Amendment 685 #

2023/0138(COD)

Proposal for a regulation
Article 12 – paragraph 1 – point d c (new)
(d c) ensure consistency and, where appropriate, complementarity with the EU funds, namely cohesion policy funds the Member State concerned benefits from;
2023/10/26
Committee: ECON
Amendment 686 #

2023/0138(COD)

Proposal for a regulation
Article 12 – paragraph 1 – point d d (new)
(d d) ensure consistency with the broad guidelines for the economic policies of the Member States and with the employment guidelines in accordance with Article 121(2) and Article 148(2) TFEU;
2023/10/26
Committee: ECON
Amendment 687 #

2023/0138(COD)

When calculating the budget balance, Member States shall be allowed to use alternative accounting views on public investments replacing gross investment expenditure with depreciation on investments in calculating public deficit. This shall apply particularly for those member states whose budget position exceeds the 3% of deficit/GDP reference value.
2023/10/26
Committee: ECON
Amendment 707 #

2023/0138(COD)

Proposal for a regulation
Article 13 – paragraph 2 – subparagraph 2 – point i
(i) be growth enhancing and boost resilience and upward social convergence;
2023/10/26
Committee: ECON
Amendment 730 #

2023/0138(COD)

Proposal for a regulation
Article 13 – paragraph 2 – subparagraph 2 – point iv
(iv) address relevant country-specific recommendations addressed to the Member State concerned, under Article 121(4) and Article 148(4) TFEU including, where applicable, recommendations issued under the Macroeconomic Imbalances Procedure as well as under the Social Convergence Framework;
2023/10/26
Committee: ECON
Amendment 751 #

2023/0138(COD)

Proposal for a regulation
Article 13 – paragraph 4
4. DCommitments included in the approved Recovery and Resilience Plan during the lifetime of the Recovery and Resilience Facility, in accordance with Regulation (EU) 2021/241, commitments included in the approved Recovery and Resilience Plan and the Partnership Agreement in Multiannual Financial Framework of the Member State concerned canshould be taken into account and be consistent with the overall set of reforms an d investments for an extension of the adjustment period.
2023/10/26
Committee: ECON
Amendment 817 #

2023/0138(COD)

Proposal for a regulation
Article 15 – paragraph 2 – point b
(b) whether the government deficit is maintained below, on average, the 3% of GDP reference value throughout the duration of the plan or whether the government deficit returns swiftly below the 3% of GDP reference value at the latest by the end of the adjustment period when the deficit is above this reference value at the time of submission of the national medium-term fiscal-structural plan;
2023/10/26
Committee: ECON
Amendment 849 #

2023/0138(COD)

Proposal for a regulation
Article 15 – paragraph 2 – point f
(f) whether the public debt ratio at the end of the planning horizon is below the public debt ratio in the year before the start of the technical trajectory.is reduced by at least [0,1] p.p of debt to GDP on average over the adjustment period plus 10 years
2023/10/26
Committee: ECON
Amendment 943 #

2023/0138(COD)

Proposal for a regulation
Article 21 – paragraph 2 a (new)
The years where Member States implement, within a defined timeframe, justifiable and strategically significant investments addressing the common priorities of the Union as outlined in Article 12, with a combined size of at least ]x%] of GDP, that lead to a deviation from the net expenditure path, shall not be recorded as deviation from the control account and shall be included among the relevant factors to be assessed when opening an Excessive Deficit Procedure as specified in the Article 126(3)
2023/10/26
Committee: ECON
Amendment 944 #

2023/0138(COD)

Proposal for a regulation
Article 21 – paragraph 2 b (new)
The same procedure applies for the years where a Member State suffers exceptional circumstances outside its control that lead to a major impact on the public finances of the Member State concerned, as specified in article 25.
2023/10/26
Committee: ECON
Amendment 945 #

2023/0138(COD)

Proposal for a regulation
Article 21 – paragraph 2 c (new)
If the structural primary balance remains above X% during the adjustment period, the Member State would be exempt from the debt-based EDP triggered by deviations on control account.
2023/10/26
Committee: ECON
Amendment 952 #

2023/0138(COD)

Proposal for a regulation
Article 22 – paragraph 1
Each national independent fiscal institution referred to in Article 8 of Council Directive […]32 [on the national budgetary frameworks] shall provide an assessment of compliance of the budgetary outturns data reported in the progress report referred to in Article 20 with the net expenditure path, including of non quantifiable targets and an assessment of the social impact of fiscal adjustment policy choices involving social experts in the process. Where applicable, each national independent fiscal institution shall also analyse the factors underlying a deviation from the net expenditure path. _________________ 32 Council Directive […] of […] [amending Council Directive 2011/85/EU on requirements for budgetary frameworks of the Member States] (OJ …., …, p,…)
2023/10/26
Committee: ECON
Amendment 955 #

2023/0138(COD)

Proposal for a regulation
Article 22 – paragraph 1 a (new)
The Commission shall establish the European Advisory Fiscal Board (EFB), an independent expert group, which shall have an advisory role in respect of the Union’s economic policy coordination. The Commission shall have no voting rights. European social partners should be invited as observer members.
2023/10/26
Committee: ECON
Amendment 973 #

2023/0138(COD)

Proposal for a regulation
Article 23 – paragraph 2 a (new)
2 a. The Commission shall orally inform the Chair and Vice-Chairs of the competent committee of the European Parliament of the progress made in the preparation of the draft Commission recommendation referred to in paragraph 2. That information shall be treated as confidential.
2023/10/26
Committee: ECON
Amendment 1008 #

2023/0138(COD)

Proposal for a regulation
Article 25 – paragraph 2 a (new)
Where Member States face a negative GDP growth or must implement, within a defined timeframe, justifiable and strategically significant investments addressing the common priorities of the Union as outlined in Article 12, with a combined size of at least (X)% of GDP, shall be considered as exceptional circumstances and shall allow Member States to deviate from its net expenditure path.
2023/10/26
Committee: ECON
Amendment 1023 #

2023/0138(COD)

Proposal for a regulation
Article 28 a (new)
Article28a European Parliament and the European Semester An agreement shall be concluded between the European Parliament and Commission on the detailed arrangements for organising the Parliamentary scrutiny of the European Semester and the involvement of the European Parliament in the drafting and approval of the Annual Sustainability Growth Survey, of the broad economic policy and employment guidelines, of the reference trajectory, of the medium-term fiscal- structural plans, of the country-specific recommendations, and for organising the accountability of the Commission and the responsible Commissioner for their activities in implementing this Regulation.
2023/10/26
Committee: ECON
Amendment 1055 #

2023/0138(COD)

Proposal for a regulation
Article 35 – paragraph 1
1. The Commission may undertake in- depth surveillancemonitoring missions in Member States which are the subject of recommendations issued pursuant to Article 23 for the purposes of on-site monitoring.
2023/10/26
Committee: ECON
Amendment 1057 #

2023/0138(COD)

Proposal for a regulation
Article 35 – paragraph 2 a (new)
2 a. European Commission may invite social partners or other relevant stakeholders to offer their views on the socio-economic situation in the Member State and the identification of any risks or difficulties in complying with the objectives of this Regulation.
2023/10/26
Committee: ECON
Amendment 1062 #

2023/0138(COD)

Proposal for a regulation
Article 36 – paragraph 2 – introductory part
2. The report referred to in paragraph 1 shall assess and review:
2023/10/26
Committee: ECON
Amendment 1070 #

2023/0138(COD)

Proposal for a regulation
Article 36 – paragraph 2 a (new)
2 a. The Commission shall submit the report to the European Parliament and to the Council, together with, where appropriate, a legislative proposal for an EU investment instrument to ensure that the central objective of the reform of this framework - to strengthen public debt sustainability while promoting sustainable and inclusive growth and upward social convergence in all Member States and respond fully to the sustained high levels of investment needed to address the current and future strategic priorities of the EU - can be met, or if the framework needs to be complemented by the establishment of a central and permanent investment instrument
2023/10/26
Committee: ECON
Amendment 1107 #

2023/0138(COD)

Proposal for a regulation
Annex II – paragraph 1 – point c a (new)
(c a) Progress in addressing national public investment gaps in alignment with each of the priorities of the Union as stated in Article 12;
2023/10/26
Committee: ECON
Amendment 1135 #

2023/0138(COD)

Proposal for a regulation
Annex II – paragraph 1 – point q
(q) Information on the public consultations of social partners, civil society organisations and other relevant stakeholders in view of the preparation of the plan and a summary of their contributions to the plan.
2023/10/26
Committee: ECON
Amendment 1136 #

2023/0138(COD)

Proposal for a regulation
Annex II – paragraph 1 – point q a (new)
(q a) Challenges identified in the social convergence reports under the Social Convergence Framework and the implementation of the European Pillar of Social Rights.
2023/10/26
Committee: ECON
Amendment 1137 #

2023/0138(COD)

Proposal for a regulation
Annex II – paragraph 1 – point q b (new)
(q b) A quantification, as much as possible, of the expected impacts of reforms and investment referred to under point (k) on fiscal sustainability, sustainable and inclusive growth and quality employment as well as upward social convergence, where applicable in line with commonly agreed methodologies;
2023/10/26
Committee: ECON
Amendment 1151 #

2023/0138(COD)

Proposal for a regulation
Annex III – paragraph 1 – point m a (new)
(m a) Progress in addressing national public investment gaps in alignment with each of the priorities of the Union as stated in Article 12;
2023/10/26
Committee: ECON
Amendment 1153 #

2023/0138(COD)

Proposal for a regulation
Annex III – paragraph 1 – point n
(n) Information on labour market, skills and social policy developments, and on the implementation of policy measures taken that foster upward social convergence among Member States towards better working and living conditions, in line with the principles of the European Pillar of Social Rights and the Employment Guidelines under Article 148 TFEU. That includes the expected impact of measures, in relation to progress on the national targets on employment, skills and poverty reduction by 2030 and if applicable the expected impact of measures to address the challenges identified under the Social Convergence Framework.
2023/10/26
Committee: ECON
Amendment 1154 #

2023/0138(COD)

Proposal for a regulation
Annex III – paragraph 1 – point n a (new)
(n a) A quantification, as much as possible, of the expected impacts of reforms and investment referred to under point (k) on fiscal sustainability, sustainable and inclusive growth and quality employment as well as upward social convergence, where applicable in line with commonly agreed methodologies
2023/10/26
Committee: ECON
Amendment 15 #

2023/0137(CNS)

Proposal for a regulation
Recital 6
(6) The economic governance framework of the Union should put debt sustainability and sustainable and inclusive growth at its core and therefore differentiate between Member States by taking into account their public debt challenges and allowing country-specific fiscal trajectories.
2023/10/25
Committee: ECON
Amendment 22 #

2023/0137(CNS)

Proposal for a regulation
Recital 8
(8) In order to simplify the Union fiscal framework and increase transparency, a single operational indicator anchored in debt sustainability should serve as a basis for setting the fiscal path and carrying out annual fiscal surveillance for each Member State. That single indicator should be based on nationally financed net primary expenditure, that is to say expenditure net of discretionary revenue measures and excluding interest expenditure as well as cyclicalexpenditure on programmes of the Union fully matched by Union funds revenue, national expenditure on co- financing of programmes funded by the Union cap with a limit of 0.25% of GDP, cyclical elements of unemployment benefit expenditure, and expenditure on Union programmes fully matched by revcosts related to the borrowing of funds for the loans related to the national plans in accordance with the Recovery and Resilienuce from Union fundsFacility in accordance with Regulation (EU) 2021/241. This indicator allows for macro-economic stabilisation as it is not affected by the operation of automatic stabilisers, including revenue and expenditure fluctuations outside the direct control of the government.
2023/10/25
Committee: ECON
Amendment 35 #

2023/0137(CNS)

Proposal for a regulation
Recital 13
(13) In accordance with Articles 24 and 25 of Regulation (EU) [on the preventive arm], the Council, following a recommendation from the Commission, can allow Member States to deviate from the net expenditure path set by the Council under that Regulation in the event of a severe economic downturn in the euro area or the Union as a whole, or in the event of exceptional circumstances outside the control of the government with a major impact on the public finances of the Member State concerned, provided that it does not endanger fiscal sustainability in the medium term or where Member States implement, within a defined timeframe, justifiable and strategically significant investments addressing the common priorities of the Union as outlined in Article 12 of Regulation (EU) [on the preventive arm], and adhering to the reforms and investments outlined in national plans, including those of the Recovery and Resilience Facility, Cohesion Funds, and future EU investment instruments designed to serve similar purposes. As a consequence, such a deviation should not lead to the opening of a debt-based EDP.
2023/10/25
Committee: ECON
Amendment 57 #

2023/0137(CNS)

Proposal for a regulation
Recital 21 a (new)
(21a) A strong track record of commitments and implementation rate of reforms and investments approved under the Recovery and Resilience Plan of the Member State, as well on its Partnership Agreement for the Cohesion Funds, should be taken into account for the Commission to halt its proposal to the Council to suspend all or part of the commitments or payments of these two instruments as stated in Article 10(1) and Article 19(7) of the Recovery and Resilience Facility Regulation , respectively.
2023/10/25
Committee: ECON
Amendment 67 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 1 – paragraph 2 – point b
(b) ‘net expenditure’ means government expenditure net of interest expenditure, discretionary revenue measures and other budgetary variables outside the control of the government, as defined in Annex II, point (a) of Regulation (EU) of the European Parliament and of the Council [on the preventive arm]*; , expenditure on programmes of the Union fully matched by Union funds revenue, national expenditure on co- financing of programmes funded by the Union cap with a limit of 0.25% of GDP, cyclical elements of unemployment benefit expenditure, and costs related to the borrowing of funds for the loans related to the national plans in accordance with the Recovery and Resilience Facility in accordance with Regulation (EU) 2021/241;
2023/10/25
Committee: ECON
Amendment 76 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 1 – paragraph 2 – point c
(c) ‘technical'reference trajectory’ means the net expenditure trajectory put forward by the Commission in accordance with Regulation (EU) [on the preventive arm]each Member State and negotiated after with the Commission to provide guidance to Member States with public debt above the 60% of gross domestic product (GDP) reference value or government deficit above the 3% of GDP reference value when drawing up their national medium- term fiscal-structural plans;
2023/10/25
Committee: ECON
Amendment 83 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 1
The excess of a government deficit over the reference value shall be considered exceptional, in accordance with Article 126(2), second indent, point (a), of the Treaty on the Functioning of the European Union (TFEU), where the Council has established the existence of a severe economic downturn in the euro area or the Union as a whole in accordance with Article 24 of Regulation (EU) [on the preventive arm] or of exceptional circumstances outside the control of the government with a major impact on the public finances of the Member State concerned, or where Member States implement, within a defined timeframe, justifiable and strategically significant investments addressing the common priorities of the Union as outlined in Article 12 of Regulation (EU) [on the preventive arm], and adhering to the reforms and investments outlined in national plans, including those of the Recovery and Resilience Facility, Cohesion Funds, and future EU investment instruments designed to serve similar purposes in accordance with Article 25 of Regulation (EU) [on the preventive arm].
2023/10/25
Committee: ECON
Amendment 85 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 1 – subparagraph 2
In addition, the excess over the reference value shall be considered temporary where budgetary forecasts as provided by the Commission and the Member State indicates that the deficit will fall belowis on a downward path towards the reference value following the end of the severe economic downturn or the exceptional circumstances referred to in the first subparagraph.
2023/10/25
Committee: ECON
Amendment 90 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 1a
1a. When it exceeds the reference value, the ratio of the government debt to gross domestic product (GDP) shall be considered sufficiently diminishing and approaching the reference value at a satisfactory pace in accordance with Article 126(2), point (b), TFEU if the Member State concerned respectsfollows within a sustainable range its net expenditure path.
2023/10/25
Committee: ECON
Amendment 105 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 1
The Commission, when preparing a report under Article 126(3) TFEU, shall take into account as a key relevant factor the degree of debt challenges in the Member State concerned. In particular, where the Member State faces substantial public debt challenges according to the most recent Debt Sustainability Monitor, it shall be considered a key factor leading to the opening of an excessive deficit procedure as a rule, national public investment gaps and needs to achieve the common priorities of the Union as stated in the Article 12 of Regulation (EU) on the preventive arm], in the Member State concerned.
2023/10/25
Committee: ECON
Amendment 121 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Council Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 2 a (new)
The Commission shall take into account as a key relevant factor to prevent the opening of a EDP the delivery and commitment by the Member State on the implementation of the investments and reforms to address the common priorities of the Union as stated in the Article 12 of the Regulation (EU) [on the preventive arm], but also the reforms and investments committed in the national plans of the Recovery and Resilience Facility, Cohesion Funds and future EU investments instruments that serve the same purpose.
2023/10/25
Committee: ECON
Amendment 129 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Council Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 3 – point b
(b) the developments in the medium- term budgetary positions, including, in particular, the size of the actual deviation from the net expenditure path, in annual and cumulative terms as measured by the control account, and the extent to which the deviation is due to a severe economic downturn in the euro area or in the Union as a whole or to exceptional circumstances outside the control of the government with a major impact on the public finances of the Member State concerned in accordance with Articles 24 and 25 of Regulation (EU) [on the preventive arm]. Where relevant, the deviation compared to the technical trajectory shall also be taken into account when considering the size of the deviation;
2023/10/25
Committee: ECON
Amendment 134 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 3 – point c a (new)
(ca) the progress in addressing national public investment gaps in alignment with the priorities of the Union as stated in Article 12 of Regulation (EU) [on the preventive arm], recognising that these investments play a pivotal role in supporting the fulfilment of Union objectives and ensuring sustainable and inclusive growth and fiscal stability;
2023/10/25
Committee: ECON
Amendment 139 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
(d) the implementation of reforms and investments including, in particular policies to prevent and correct excessive macroeconomic imbalances and policies to implement the common growth and employment strategy of the Union and the European Pillar of Social Rights, including those supported by NextGenerationEU, Cohesion Funds and EU investments instruments that serve the same purpose, and the overall quality of public finances, in particular the effectiveness of national budgetary frameworks.
2023/10/25
Committee: ECON
Amendment 147 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Council Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 4
The Commission shall give due and express consideration to any other factors which, in the opinion of the Member State concerned, are relevant in order to comprehensively assess compliance with deficit and debt criteria and which the Member State has put forward to the Council and the Commission. In that context, particular consideration shall be given to financial contributions to fostering international solidarity and, achieving the policy goals of the Union. The opinion submitted to the Commission by the Member State concEU common priorities of the Union, the size of the public investment committed to address the priorities refernred shall include the opinion of its national independent fiscal institution on relevant factorsin Article 12ba) of Regulation (EC) No 1466/97 and any other relevant factors outside of the control of the Member State.
2023/10/25
Committee: ECON
Amendment 156 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Council Regulation (EC) No 1467/97
Article 2 – paragraph 4 – subparagraph 1
The Council and the Commission shall make a balanced overall assessment of all the relevant factors, specifically, the extent to which they affect the assessment of compliance with the deficit and/or the debt criteria as aggravating or mitigating factors.
2023/10/25
Committee: ECON
Amendment 161 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Council Regulation (EC) No 1467/97
Article 2 – paragraph 4 – subparagraph 2
When assessing compliance on the basis of the deficit criterion, if the ratio of the government debt to GDP exceeds the reference value, those factors shall be taken into account in the steps leading to the decision on the existence of an excessive deficit provided for in Article 126(4), (5) and (6) TFEU only if the double condition of the overarching principle — that, before these relevant factors are taken into account, the general government deficit remains close to the reference value and its excess over the reference value is temporary — is fully met.deleted
2023/10/25
Committee: ECON
Amendment 165 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Council Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 3
However, tThose factors shall be taken into account in the steps leading to the decision on the existence of an excessive deficit when assessing compliance on the basis of the debt criterion.
2023/10/25
Committee: ECON
Amendment 170 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Council Regulation (EC) No 1467/97
Article 2 – paragraph 5
5. Where Member States are allowed to deviate from their net expenditure path in the event of a severe economic downturn in the euro area or in the Union as a whole pursuant to Article 24 of Regulation (EU) [on the preventive arm], the Commission and the Council, in their assessment, mayshall decide not to conclude on the existence of an excessive deficit.
2023/10/25
Committee: ECON
Amendment 173 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Council Regulation (EC) No 1467/97
Article 2 – paragraph 6
If the Council, acting under Article 126(6) TFEU, decides that an excessive deficit exists in a Member State, the Council and the Commission shall, in the subsequent procedural steps of that Article of the TFEU, take into account the relevant factors referred to in paragraph 3 of this Article, as they affect the situation of the Member State concerned, including as specified in Article 5(2) of this Regulation, in particular in establishing a deadline for the correction of the excessive deficit and eventually extending that deadline. However, those relevant factors shall not be taken into account for the decision of the Council under Article 126(12) TFEU on the abrogation of some or all of its decisions under Article 126(6) to (9) and (11) TFEU.’;
2023/10/25
Committee: ECON
Amendment 183 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 2
Council Regulation (EC) No 1467/97
Article 3 – paragraph 4 – subparagraph 1
The Council recommendation made in accordance with Article 126(7) TFEU shall establish a maximum deadline of sixtwelve months for effective action to be taken by the Member State concerned. WThen warranted by the seriousness of the situation, the deadline for effective action may be three months. The Council recommenda Council recommendation may also establish a deadline for the correction of the excessive deficit ensuring a sustainable and balanced correction sthall also establish a deadlint does not endanger sustainable and inclusive growth, social convergence for the correction of the excessive defimplementation of significant investments and social policites. In its recommendation, the Council shallmay also request that the Member State implements a correctivenew net expenditure path, which ensures that the general government deficit remains or is brought and maintained below the reference value within the deadline set in the recommendation. For the years when the general government deficit is expected to exceed the reference value, the corrective net expenditure path shall be consistent with a minimum annual adjustment of at least 0,5% of GDP as a benchmark.is declining towards a reference value
2023/10/25
Committee: ECON
Amendment 193 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 2
Council Regulation (EC) No 1467/97
Article 3 – paragraph 4 – subparagraph 2
The corrective net expenditure path shall also put the debt ratio on a plausibly and sustainable downward path or keep it at a prudent level having regard to the criteria established in Annex I of Regulation (EU) [on the preventive arm]. The corrective net expenditure path shall ensure that the average annual fiscal adjustment eff and prevent the occurrence ort in the first three years is at least as high as the average annual fiscal effort of the total adjustment periodcentives to pro-cyclical policies.
2023/10/25
Committee: ECON
Amendment 198 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 2
Council Regulation (EC) No 1467/97
Article 3 – paragraph 5
5. Within the deadline provided for in paragraph 4 of this Article, the Member State concerned shall report to the Council and the Commission on action taken in response to the Council’s recommendation under Article 126(7) TFEU. The report shall include the targets for government expenditure and revenue and for the discretionary measures on both the expenditure and the revenue side consistent with the Council’s recommendation, as well as information on the measures taken and the nature of those envisaged to achieve the targets. The report shall also include the opinion of the independent fiscal institution of the Member State concerned on the adequacy of the measures taken and envisaged with respect to the targets. The Member State shall make the report public.
2023/10/25
Committee: ECON
Amendment 205 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 2
Regulation (EC) No 1467/97
Article 3 – paragraph 6
6. Where effective action has been 6. taken in compliance with a recommendation under Article 126(7) TFEU or where exceptional circumstances outside the control of the government with a major impact on the public finances of the Member State concerned, including on the respect of the corrective net expenditure path recommended by the Council pursuant to paragraph 4 of this Article, , or where Member States implement, within a defined timeframe, justifiable and strategically significant investments addressing the common priorities of the Union as outlined in Article 12 of Regulation (EC) No 1466/97, and adhering to the reforms and investments outlined in national plans, including those of the Recovery and Resilience Facility, Cohesion Funds, and future EU investment instruments designed to serve similar purposes, occur after the adoption of that recommendation, the Council may decide, on a recommendation from the Commission, to adopt a revised recommendation under Article 126(7) TFEU. The revised recommendation, taking into account the relevant factors referred to in Article 2(3) of this Regulation may, in particular, extend the deadline for the correction of the excessive deficit by one year as a rule. In case the Council has established the existence of a severe economic downturn in the euro area or in the Union as a whole in accordance with Article 24 of Regulation (EU) [on the preventive arm], the Council may also decide, on a recommendation from the Commission, to adopt a revised recommendation under Article 126(7) TFEU provided that this does not endanger fiscal sustainability in the medium term. The revised recommendation may, in particular, extend the deadline for the correction of the excessive deficit by one year as a rule.;
2023/10/25
Committee: ECON
Amendment 214 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point a
Council Regulation (EC) No 1467/97
Article 5 – paragraph 1 – subparagraph 1
Any Council decision to give notice to the participating Member State concerned to take measures for the deficit reduction in accordance with Article 126(9) TFEU shall be taken within two months of the Council decision under Article 126(8) TFEU establishing that no effective action has been taken. In the notice, the Council shall request that the Member State implements a corrective net expenditure path which ensures that the general government deficit remains or is brought and maintained belowclose to the reference value within the deadline set in the notice. For the years where the general government deficit is expected to exceed the reference value, the corrective net expenditure path shall be consistent with a minimum annual adjustment of at least 0,5% of GDP as a benchmark.
2023/10/25
Committee: ECON
Amendment 224 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point a
Council Regulation (EC) No 1467/97
Article 5 – paragraph 1 – subparagraph 2
The corrective net expenditure path shall also put the debt ratio on a plausibly and sustainable downward path or keep it at a prudent level having regard to the criteria established in Annex I of Regulation (EU) [on the preventive arm]. The corrective net expenditure path shall ensure that the average annual fiscal adjustment effort in the first three years is at least as high as the average annual fiscal effort of the total adjustment period. The Council shall also indicate measures conducive to the achievement of the corrective net expenditure path.;
2023/10/25
Committee: ECON
Amendment 230 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point b
Regulation (EC) No 1467/97
Article 5 – paragraph 2
2. Where effective action has been taken in compliance with a notice under Article 126(9) TFEU or where exceptional circumstances outside the control of the government with major impact on the public finances of the Member State concerned, including on the respect of the corrective net expenditure path referred to in paragraph 1 of this Article, or where Member States implement, within a defined timeframe, justifiable and strategically significant investments addressing the common priorities of the Union as outlined in Article 12 of Regulation (EC) No 1466/97, and adhering to the reforms and investments outlined in national plans, including those of the Recovery and Resilience Facility, Cohesion Funds, and future EU investment instruments designed to serve similar purposes, occur after the adoption of that notice, the Council may decide, on a recommendation from the Commission, to adopt a revised notice under Article 126(9) TFEU. The revised notice, taking into account the relevant factors referred to in Article 2(3) of this Regulation may, in particular, extend the deadline for the correction of the excessive deficit by one year as a rule. In case the Council has established the existence of a severe economic downturn in the euro area or in the Union as a whole in accordance with Article 24 of Regulation (EU) [on the preventive arm], the Council may also decide, on a recommendation from the Commission, to adopt a revised notice under Article 126(9) TFEU, on condition that it does not endanger fiscal sustainability in the medium term. The revised notice may, in particular, extend the deadline for the correction of the excessive deficit by one year as a rule.;
2023/10/25
Committee: ECON
Amendment 241 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Council Regulation (EC) No 1467/97
Article 8 – paragraph 3
3. A Council decision shall only be taken pursuant to Article 126(12) TFEU where budgetary forecasts as provided by the Commission and the Member State indicate that the deficit has been brought durably belowclose to the reference value and, where the excessive deficit procedure was opened on the basis of the debt criterion, the Member State concerned respectfollowed the corrective net expenditure path set by the Council in accordance with Article 3(4) or Article 5(1) of this Regulation over the previous 2 years and is projected to continue to do so in the current year on the basis of the Commission forecast.;
2023/10/25
Committee: ECON
Amendment 245 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 7
Council Regulation (EC) No 1467/97
Article 9 – paragraph 1 – point ba (new)
(ba) where the participating Member State returns to its original net expenditure path as assessed in accordance with Article 8 of Regulation EU [on the preventive arm];
2023/10/25
Committee: ECON
Amendment 255 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point b
Council Regulation (EC) No 1467/97
Article 10a – paragraph 2
2. Following the adoption by the Council of a notice under Article 126(9) TFEU, the Commission shall carry out a dedicated surveillance mission to the Member State concerned to discuss the measures that the Member State intends to take in response to the measures judged necessary following the notice under Article 126(9) TFEU. Upon invitation by the parliament of the Member State concerned, the Commission may present its assessment of the economic and fiscal situation in the Member State. Enhanced surveillance may be undertaken for Member States which are the subject of recommendations and notices issued following a decision pursuant to Article 126(8) TFEU and decisions under Article 126(11) TFEU for the purposes of on-site monitoring. The Member States concerned shall provide all necessary information for the preparation and the conduct of the surveillance mission.;
2023/10/25
Committee: ECON
Amendment 260 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 9 a (new)
(9a) Article 11 is replaced by the following: "Article 11 "Whenever the Council decides under Article 126(11) TFEU to impose sanctions on a participating Member State, a fine shall, as a rule, be required. The Council may decide to supplement such a fine by the other measures provided for in Article 126(11) TFEU. A strong track record of commitments and implementation rate of reforms and investments approved under the Recovery and Resilience Plan of the Member State, as well on its Partnership Agreement for the Cohesion Funds, should be taken into account for the Commission to halt its proposal to the Council to suspend all or part of the commitments or payments of these two instruments as stated in Article 10(1) of the RRF regulation and Article 19(7), respectively. "
2023/10/25
Committee: ECON
Amendment 264 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Council Regulation (EC) No 1467/97
Article 12 – paragraph 1
1. The amount of the fine shall amount to up to 0,051% of GDP for a 6- month period and be paid every 6 months until the Council assesses that the Member State concerned has taken effective action in response to the notice issued under Article 126(9) TFEU.
2023/10/25
Committee: ECON
Amendment 269 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Council Regulation (EC) No 1467/97
Article 12 – paragraph 3
3. The cumulated amount of the fines referred to in paragraphs 1 and 2 shall not exceed 0,52 % of GDP.;
2023/10/25
Committee: ECON
Amendment 16 #

2023/0136(NLE)

Proposal for a directive
Recital 11
(11) Biased and unrealistic macroeconomic and budgetary forecasts for the annual and multiannual budget legislations can considerably hamper the effectiveness of fiscal planning and consequently impair commitment to budgetary discipline. To improve baseline assumptions and provide unbiased assessments of the fiscal impact of various policy measures, the macroeconomic and budgetary forecasts of the Member States should be endorsed or producproduced or supported by an independent fiscal institution.
2023/10/24
Committee: ECON
Amendment 20 #

2023/0136(NLE)

Proposal for a directive
Recital 13
(13) Independent bodies charged with monitoring public finances in the Member States are an essential building block ofcan be a support to develop effective budgetary frameworks. Regulation (EU) No 473/2013 of the European Parliament and of the Council28 requires Member States whose currency is the euro to have independent fiscal institutions tasked with the endorsement or productionproduction or support of macroeconomic forecasts and establishes specific safeguards regarding their independence and technical capacity. Given the positive contribution to public finance of independent bodies, those requirements should be extended to all Member States. In order to foster fiscal discipline and strengthen the credibility of fiscal policy, such bodies should also contribute to budgetary planning by either producing or endsupporsting the forecasts and debt analyses used by the government, and by carrying out independent assessments of fiscal policies and monitoring compliance with the fiscal framework. __________________ 28 Regulation (EU) No 473/2013 of the European Parliament and of the Council of 21 May 2013 on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area (OJ L 140, 27.5.2013, p. 11).
2023/10/24
Committee: ECON
Amendment 38 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 3 – point a Directive 2011/85/EU
Article 4 – paragraph 1
1. Member States shall ensure that annual and multiannual fiscal planning is based on realistic macroeconomic and budgetary forecasts using the most up-to- date information. Budgetary planning shall be based on the most likely macrofiscal scenario or on a more prudent scenario. The macroeconomic and budgetary forecasts shall be either produced or endorsed by independent fiscal institutions established in accordance with Article 8. They shall be compared with the most updated forecasts of the Commission. Significant differences between the macroeconomic and budgetary forecasts of the Member State and the Commission’s forecasts shall be explained, including where the level or growth of variables in external assumptions departs significantly from the values contained in the Commission’s forecasts.
2023/10/24
Committee: ECON
Amendment 47 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 3 – point c Directive 2011/85/EU
Article 4 – paragraph 5
5. Member States shall specify which institution is responsible for producing macroeconomic and budgetary forecasts. At least annually, the Member States and the Commission shall engage in a technical dialogue concerning the assumptions underpinning the preparation of macroeconomic and budgetary forecasts.
2023/10/24
Committee: ECON
Amendment 50 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 3 – point c Directive 2011/85/EU
Article 4 – paragraph 6
6. The macroeconomic and budgetary forecasts for annual and multiannual fiscal planning produced by the national institutions shall be subject to regular, objective and comprehensive evaluation by an independent body, including ex post evaluation. The result of that evaluation shall be made public and taken into account appropriately in future macroeconomic and budgetary forecasts. If the evaluation detects a significant bias affecting macroeconomic forecasts over a period of at least 4 consecutive years, the Member State concerned shall take the necessary action and make it public.deleted
2023/10/24
Committee: ECON
Amendment 54 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 5 – point a Directive 2011/85/EU
Article 6 – paragraph 1 – point b
(b) The effective and timely monitoring of compliance with the rules, based on reliable and independent analysis carried out by independent fiscal institutions established in accordance with Article 8.;deleted
2023/10/24
Committee: ECON
Amendment 56 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 5 – point b Directive 2011/85/EU
Article 6 – paragraph 2
If numerical fiscal rules contain escape clauses, such clauses shall set out a limited number of specific circumstances, consistent with the Member States’ obligations deriving from the TFEU and Regulation [XXX preventive arm of the SGP], and stringent procedures in which temporary non-compliance with the rules is permitted. Escape clauses shall have clear time limits.
2023/10/24
Committee: ECON
Amendment 65 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4
4. Member States shall ensure that the iInstitutions referred to in paragraph 1 have the following tasks:
2023/10/24
Committee: ECON
Amendment 66 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point a
(a) producing or supporting the annual and multiannual macroeconomic and budgetary forecasts underlying the government’s medium-term planning or endorsing those used by the budgetary authorities;
2023/10/24
Committee: ECON
Amendment 73 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point b
(b) producing or supporting debt sustainability assessments underlying the government’s medium-term planning or endorsing those provided by the budgetary authorities;.
2023/10/24
Committee: ECON
Amendment 77 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point c
(c) producing or supporting assessments on the impacts of policies on fiscal sustainability and sustainable and inclusive growth or endorsing those provided by the budgetary authorities;
2023/10/24
Committee: ECON
Amendment 79 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point d
(d) monitoring compliance with country-specific numerical fiscal rules in accordance with Article 6;deleted
2023/10/24
Committee: ECON
Amendment 80 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point e
(e) monitoring compliance with the Union fiscal framework in accordance with Regulations [XXX preventive arm of the SGP] and [XXX corrective arm of the SGP] *;deleted
2023/10/24
Committee: ECON
Amendment 82 #

2023/0136(NLE)

(f) conducting, on a regular basis, reviews of the national budgetary framework, in order to assess the consistency, coherence and effectiveness of the framework, including mechanisms and rules that regulate fiscal relationships between public authorities across sub- sectors of general government;.
2023/10/24
Committee: ECON
Amendment 90 #

2023/0136(NLE)

Proposal for a directive Sole Article – Paragraph 1 – point 9 – point b – point ii Directive 2011/85/EU
Article 9 – paragraph 2 – point c
(c) a description of medium-term policies, including investment and reforms, and if applicable, specifying the investments and reforms in EU common priorities, envisaged with an impact on general government finances and sustainable and inclusive growth, broken down by major revenue and expenditure item, showing how the adjustment towards the national budgetary objectives over the medium term as referred to in Article 2, point (e), is achieved compared to projections under unchanged policies.;
2023/10/24
Committee: ECON
Amendment 85 #

2023/0115(COD)

Proposal for a directive
Recital 1 a (new)
(1a) At present, the banking union rests on just two of its intended three pillars, namely, the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM). It therefore remains incomplete, due to the absence of its third pillar, the European deposit insurance scheme (EDIS). The completion of the banking union forms an integral part of economic and monetary union and of financial stability, most notably by mitigating the risks of so-called ‘doom loop’ that arise as a result of the bank-sovereign nexus.
2023/11/06
Committee: ECON
Amendment 111 #

2023/0115(COD)

Proposal for a directive
Recital 22 a (new)
(22a) To avoid a DGS becoming insufficiently funded and unable to support a new intervention, robust and favourable alternative funding arrangements are required. Therefore, to prevent temporary financing by the Member States, and to ensure that it remains a last resort, the Single Resolution Board should be able to provide a guarantee based on the Single Resolution Fund to a DGS in order to facilitate its access to markets at favourable financing conditions. The Single Resolution Fund's guarantee should be provided when the DGS is required to intervene in resolution, yet available financial means are insufficient to satisfy the needs of such action.
2023/11/06
Committee: ECON
Amendment 112 #

2023/0115(COD)

Proposal for a directive
Recital 22 b (new)
(22b) The provision of Single Resolution Fund guarantees to DGSs pursuing alternative funding arrangements must not preclude, nor delay, any progress in the establishment of a fully-fledged European deposit insurance scheme, which remains the optimal solution.
2023/11/06
Committee: ECON
Amendment 33 #

2023/0112(COD)

Proposal for a directive
Recital 1 a (new)
(1a) At present, the banking union rests on just two of its intended three pillars, namely, the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM). It therefore remains incomplete, due to the absence of its third pillar, the European deposit insurance scheme (EDIS). The completion of the banking union forms an integral part of economic and monetary union and of financial stability, most notably by mitigating the risks of so-called ‘doom loop’ that arise as a result of the bank-sovereign nexus.
2023/11/06
Committee: ECON
Amendment 323 #

2023/0111(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 43 a (new)
Regulation (EU) No 806/2014
Article 94 – paragraph 1 – point a a (new)
(43a) in Article 94(1), the following point is added: (aa) the interplay between the existing framework and the establishment of the European Deposit Insurance Scheme;
2023/11/06
Committee: ECON
Amendment 6 #

2022/2205(INI)

Motion for a resolution
Citation 3 a (new)
– having regard to the Agreement between the European Union and Türkiye on the readmission of persons residing without authorisation,
2023/06/26
Committee: AFET
Amendment 7 #

2022/2205(INI)

Motion for a resolution
Citation 4
having regard to the negotiating framework for Turkey of 3 October 2005, and to the fact that, as it is the case for all candidate countries, Türkiye’s accession to the EU depends on full compliance with the Copenhagen criteria, and to the need to normalize its relations with all EU Member States, including the Republic of Cyprus,
2023/06/26
Committee: AFET
Amendment 12 #

2022/2205(INI)

Motion for a resolution
Citation 4 a (new)
– having regard to the restrictive measures framework established by the EU on 11 November 2019, as a response to Türkiye’s illegal drilling activities in the Eastern Mediterranean, as most recently renewed by Council Decision (CFSP) 2022/2186 of 8 November 2022,
2023/06/26
Committee: AFET
Amendment 13 #

2022/2205(INI)

Motion for a resolution
Citation 4 b (new)
– having regard to the declaration issued by the European Community and its Member States on 21 September 2005, including the provision that the recognition of all Member States is a necessary component of the negotiations, and to the need for Türkiye to proceed to the normalization of its relations with all Member States and to fully implement the Additional Protocol to the Ankara Agreement towards all Member States, by removing all obstacles to the free movement of goods, including restrictions on means of transport, without prejudice and discrimination,
2023/06/26
Committee: AFET
Amendment 16 #

2022/2205(INI)

Motion for a resolution
Citation 4 c (new)
– having regard to the Council Conclusions of 2018, 2019, 2021 and 2022 to the effect that the accession negotiations effectively have come to a standstill and no further chapters can be considered for opening or closing and no further work towards the modernisation of the EU-Turkey Customs Union is foreseen,
2023/06/26
Committee: AFET
Amendment 17 #

2022/2205(INI)

Motion for a resolution
Citation 4 d (new)
– having regard to Article 46 of the European Convention on Human Rights, which states that the contracting parties undertake to abide by the final judgments of the European Court of Human Rights (ECtHR) in any case to which they are parties, and therefore to the obligation of Türkiye to implement all judgments of the European courts, including the ECtHR,
2023/06/26
Committee: AFET
Amendment 18 #

2022/2205(INI)

Motion for a resolution
Citation 4 e (new)
– having regard to the relevant resolutions of the UN Security Council on Cyprus, including resolution 550 (1984) of 11 May 1984 on secessionist actions in Cyprus and resolution 789 (1992) of 25 November 1992 which consider attempts to settle any part of Varosha by people other than its inhabitants as inadmissible, and call for the transfer of that area to the administration of the United Nations, urging all concerned in the Cyprus question to commit themselves to the confidence-building measures set out in the resolution,
2023/06/26
Committee: AFET
Amendment 36 #

2022/2205(INI)

Motion for a resolution
Citation 12 a (new)
– having regard to its resolution of 15 April 2015 on the centenary of the Armenian Genocide,1a _________________ 1a OJ C 328, 6.9.2016, p. 2.
2023/06/26
Committee: AFET
Amendment 44 #

2022/2205(INI)

Motion for a resolution
Citation 14 a (new)
– having regard to its resolution of 26 November 2020 on escalating tensions in Varosha following the illegal actions by Turkey and the urgent need for the resumptions of talks 2a, _________________ 2a OJ C 425, 20.10.2021, p. 143
2023/06/26
Committee: AFET
Amendment 45 #

2022/2205(INI)

Motion for a resolution
Citation 14 b (new)
– having regard to the relevant resolutions by the Committee of Ministers of the Council of Europe, including the interim resolution of 16 September 2021 on the execution of the judgment of the European Court of Human Rights in Cyprus v. Turkey,
2023/06/26
Committee: AFET
Amendment 46 #

2022/2205(INI)

Motion for a resolution
Citation 14 c (new)
– having regard to the interim resolution of 2 December 2021 on the execution of the judgment of the European Court of Human Rights in Selahattin Demirtaş v Turkey (No. 2),
2023/06/26
Committee: AFET
Amendment 63 #

2022/2205(INI)

Motion for a resolution
Recital C
C. whereas Türkiye remains a candidate for EU accession, a NATO ally and a key trade and economic partner, as well as a key partneactor on migration;
2023/06/26
Committee: AFET
Amendment 71 #

2022/2205(INI)

Motion for a resolution
Recital D
D. whereas Türkiye has been gradually moving further away from the EU’s values and normative framework, as exemplified by a number of measures curtailing fundamental freedoms and human rights as well as by its actions against international law and good neighbourly relations;
2023/06/26
Committee: AFET
Amendment 140 #

2022/2205(INI)

Motion for a resolution
Paragraph 4
4. Acknowledges theTakes note of partial measures taken in recent months by the Turkish authorities to prevent the re-exportation to Russia of goods covered by EU sanctions, but urges them to go further in order to ensure that Türkiye stops being a hub for entities and individuals that wish to; underlines the paramount importance of preventing the circumvention of EU sanctions and urges Türkiye to ensure the full respect of those sanctions, in particular taking into account the free circulation of products, including dual- use goods, within the EU-Turkey Customs Union; highlights, its expectation that Turkey will avoid becoming a safe haven for Russian capital and investments, thus clearly circumvent suching EU sanctions;
2023/06/26
Committee: AFET
Amendment 171 #

2022/2205(INI)

Motion for a resolution
Paragraph 6
6. Considers that, in terms of human rights and the rule of law, the desolate picture painted in its resolution of 7 June 2022 on the 2021 Commission Report on Turkey remains valid, and reiterates the content of that resolution; fully endorses the resolution of the Parliamentary Assembly of the Council of Europe of 12 October 2022, and the related report by its Monitoring Committee, on the honouring of obligations and commitments by Türkiye; calls on Türkiye to fully implement all judgements of the European Courts, including the European Court of Human Rights (ECtHR) in line with Article 46 of the European Convention on Human Rights, as well as the payment of just satisfaction awarded by the ECtHR, an unconditional obligation deriving from Türkiye’s membership of the Council of Europe;
2023/06/26
Committee: AFET
Amendment 211 #

2022/2205(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Reiterates relevant ECtHR decisions and calls on the Turkish Government to immediately stop the violation of the human rights of the Cypriot citizens and stop depriving them of the enjoyment and exercise of their property, religious and other human rights stemming from the constitutional order of the Republic of Cyprus and the acquis communautaire, as well as the fundamental principles and values of the EU;
2023/06/26
Committee: AFET
Amendment 214 #

2022/2205(INI)

Motion for a resolution
Paragraph 8 b (new)
8b. Calls on Türkiye to cooperate with relevant international organizations, especially the Council of Europe, in preventing and combatting illicit trafficking and the deliberate destruction of cultural heritage within Turkey and the occupied part of Cyprus; stresses the importance of pursuing dialogue with relevant international organisations and the EU on the preservation of cultural and religious heritage;
2023/06/26
Committee: AFET
Amendment 238 #

2022/2205(INI)

Motion for a resolution
Paragraph 11 a (new)
11a. Calls on Türkiye to ensure the full and non-discriminatory implementation of the EU-Turkey Statement of 2016 and the EU - Türkiye Readmission Agreement vis-à-vis all Member States, including the Republic of Cyprus; firmly objects to any instrumentalisation of migrants by the Turkish Government; Regrets, that as a result of it, a continuing high increase in asylum applications has been registered in Cyprus over the past years and recalls Türkiye’s obligation to take all the necessary measures to halt the existing illegal migration routes and prevent the creation of new sea or land routes for illegal migration from Türkiye to the EU; notes that pending the full and effective implementation of the EU-Turkey Readmission Agreement, existing bilateral readmission agreements and provisions in similar agreements and arrangements with EU Member States, should be adequately implemented; underlines that cooperation in the area of justice and home affairs with all EU Member States remains essential;
2023/06/26
Committee: AFET
Amendment 240 #

2022/2205(INI)

Motion for a resolution
Paragraph 11 b (new)
11b. Regrets that as a result of Türkiye’s instrumentalization of refugees a continuing increase in asylum applications was registered in Cyprus in 2022; notes that pending the full and effective implementation of the EU- Turkey Readmission Agreement vis-à-vis all Member States, existing bilateral readmission agreements and provisions in similar agreements and arrangements with EU Member States, should be adequately implemented; underlines that cooperation in the area of justice and home affairs with all EU Member States remains essential;
2023/06/26
Committee: AFET
Amendment 242 #

2022/2205(INI)

Motion for a resolution
Paragraph 12
12. WelcomesTakes note, after a confrontational period, Türkiye’s recent steps towards normalising relations with several countries, such as Armenia, Egypt, Israel and the Gulf states, but remains concerned by the fact that Türkiye’s foreign policy still clashes in many aspects with EU interests and, far from growing closer to the EU, it has further diverged in the last year, reaching a record low of alignment with just 7 % of common foreign and security policy decisions; deplores, in this respect, Türkiye’s overall destabilising role in many areas of concern for the EU and in its neighbourhoods (such as in the Eastern Mediterranean, Middle East and South Caucasus and its role in conflicts in Syria, Iraq and Libya), which threatens regional peace, security and stability; is extremely concerned by, and strongly condemns, Türkiye’s illegal activities and threats of military action against EU Member States, in particular Greece and Cyprus, in the Eastern Mediterranean;
2023/06/26
Committee: AFET
Amendment 250 #

2022/2205(INI)

Motion for a resolution
Paragraph 12
12. WelcomesTakes note, after a confrontational period, Türkiye’s recent steps towards normalising relations with several countries, such as Armenia, Egypt, Israel and the Gulf states, but remains concerned by the fact that Türkiye’s foreign policy still clashes in many aspects with EU interests and, far from growing closer to the EU, it has further diverged in the last year, reaching a record low of alignment with just 7 % of common foreign and security policy decisions;
2023/06/26
Committee: AFET
Amendment 255 #

2022/2205(INI)

Motion for a resolution
Paragraph 12 a (new)
12a. Continues to urge Türkiye to unequivocally commit to good neighbourly relations, international agreements and to the peaceful settlement of disputes in line with international law, having recourse, if necessary to the International Court of Justice and to refrain from any unilateral action or threats;
2023/06/26
Committee: AFET
Amendment 257 #

2022/2205(INI)

Motion for a resolution
Paragraph 12 b (new)
12b. Reaffirms its call expressed in its resolution of 15 April 2015, and once again encourages Turkey to recognise the Armenian Genocide, thus paving the way for a genuine reconciliation between the Turkish and Armenian peoples; calls on Türkiye, in this regard, to refrain from any anti-Armenian propaganda and hate speech, and to fully respect its obligations to protect Armenian and other cultural heritage;
2023/06/26
Committee: AFET
Amendment 263 #

2022/2205(INI)

Motion for a resolution
Paragraph 13
13. Welcomes the overall de-escalation of tensions observed in the eastern Mediterranean in recent times, particularly in the wake of the February earthquakes, and expresses its hope that a possible new era in Türkiye’s foreign policy might yield positive results in the bilateral relations between Türkiye and all EU Member States; reiterates its long-standing support for a solution to the Cyprus problem on the basis of a bi-communal, bi-zonal federation and reaffirms its positions on the matter expressed in its resolution of 7 June 2022; mains fully aware that any positive dynamics can be easily reversed at any moment due to Turkey’s continuing destabilised actions in the region over the past years and while the underlying issues remain unresolved; calls on Turkey to respect the sovereignty of all EU Member States, over their territorial sea and airspace as well as their sovereign rights, including inter alia the right to explore and exploit natural resources, in accordance with EU and international law, including the United Nations Convention on the Law of the Sea (UNCLOS), which is part of the EU acquis; expresses its full solidarity with Greece and the Republic of Cyprus; continues to call Turkey to show genuine collective engagement to the settlement of the delimitation of exclusive economic zones (EEZs) and the continental shelf in both the Aegean Sea and the Eastern Mediterranean, in good faith and in line with international law and the principle of good neighbourly relations, and to refrain from any unilateral illegal actions or threats; condemns, in this regard, the harassment by Turkish warships of research vessels performing surveys within the EEZ delimitated by the Republic of Cyprus; reaffirms the right of the Republic of Cyprus to enter into bilateral agreements on its EEZ and to explore and exploit its natural resources in full compliance with international law; supports the invitation extended to Turkey by the Government of the Republic of Cyprus to negotiate in good faith and in line with international law the maritime delimitation between their respective coast lines, or to have recourse to the International Court of Justice, and calls on Turkey to accept Cyprus’s invitation; reiterates the EU’s readiness to use all instruments and options at its disposal, including those under Article 29 TEU and Article 215 TFEU, in order to defend its interests and those of its Member States, as well as to uphold regional stability;
2023/06/26
Committee: AFET
Amendment 285 #

2022/2205(INI)

Motion for a resolution
Paragraph 13 a (new)
13a. Regrets the fact that the Cyprus problem remains unresolved and reiterates its call on Türkiye, to commit and contribute to a comprehensive settlement in line with United Nations Security Council relevant resolutions; reiterates its support for a fair, comprehensive and viable settlement of the Cyprus problem, including of its external aspects, within the UN framework and in accordance with the relevant UNSC resolutions, international law and in line with the EU acquis and the principles on which the Union is founded; deeply regrets that Türkiye has abandoned the agreed UN framework; condemns in this regard statements by Turkish President and by the leader imposed by Turkey upon the Turkish Cypriots, calling for a two-state solution in Cyprus; calls on Türkiye to abandon this unacceptable proposal for a two-state solution; strongly condemns any action to facilitate or assist in any way the international recognition of the secessionist illegal entity in the occupied areas of Cyprus and stresses that such actions severely damage efforts to create an environment conducive to resuming settlement talks under the auspices of the United Nations; Welcomes and supports the proposals of the President of the Republic of Cyprus which aim at breaking the stalemate in the settlement process and calls for a more active engagement by the EU in this regard; urges the European Council to appoint an EU envoy to support future peace talks within the UN- centred framework; urges the Government of Türkiye to engage constructively in resuming UN-led negotiations; calls on the Turkish Government to return to dialogue based on the UN format, which represents the only viable path towards reconciliation;
2023/06/26
Committee: AFET
Amendment 289 #

2022/2205(INI)

Motion for a resolution
Paragraph 13 a (new)
13a. Praises the important work of the United Nations-facilitated bi-communal Committee on Missing Persons (CMP); it recalls Türkiye that this is a major long- standing humanitarian issue that severely perpetuates the suffering of the Greek- Cypriot and Turkish-Cypriot missing persons and of their relatives; calls on Türkiye to conduct a meaningful and effective investigation for the ascertainment of the fate or whereabouts of the Greek-Cypriot missing persons - in line with the 2001 judgment on the interstate application of Cyprus against Turkey - delivered by the European Court of Human Rights, and to grant CMP full access to all relevant archives and military areas to be followed up by concrete actions and further expedited;
2023/06/26
Committee: AFET
Amendment 296 #

2022/2205(INI)

Motion for a resolution
Paragraph 13 b (new)
13b. Further calls on Türkiye to withdraw its troops from Cyprus and refrain from any unilateral action which would entrench the permanent division of the island and to refrain from action altering the demographic balance on the island through a policy of illegal settlements; condemns the fact that Türkiye continues to violate UN Security Council resolutions 550(1984) and 789(1992), which call on Türkiye to transfer the area of Varosha to its lawful inhabitants under the temporary administration of the UN, by the partial reopening of Varosha and by supporting the opening of the town of Varosha to the public; takes the view that those illegal actions undermines mutual trust and hence the prospect of a resumption of talks on a comprehensive solution to the Cyprus problem and calls on Türkiye to reverse these actions and avoid any other unilateral actions that could raise further tensions on the island, in compliance with the call of the UNSC; expresses in this regard serious concern over the recent, new illegal activities in the fenced off area of Varosha for the opening of a new part of the beach;
2023/06/26
Committee: AFET
Amendment 297 #

2022/2205(INI)

Motion for a resolution
Paragraph 13 b (new)
13b. Reiterates its call on the Turkish Government to halt its plans for the Akkuyu nuclear power plant, which is located in a region prone to severe earthquakes, therefore posing a major threat not only to Türkiye, but also to the Mediterranean region; asks the Turkish Government to involve the governments of its neighbouring countries in relation to any further developments in the Akkuyu venture; to facilitate an experts’ mission of the International Atomic Energy Agency for inspection of the facility after the devastating earthquakes; to align its legislation with relevant EU acquis on nuclear safety and proceed with cross- border cooperation with neighboring states; to accede to the UN Convention on Environmental Impact Assessment in a Trans-boundary Context and the UNECE Convention on Access to Information, Public Participation in Decision-Making and Access to Justice in Environmental Matters;
2023/06/26
Committee: AFET
Amendment 316 #

2022/2205(INI)

Motion for a resolution
Paragraph 13 g (new)
13g. Remains deeply concerned about the restrictions faced by the enclaved Greek Cypriots in the free and unhindered exercise of their rights to education and freedom of religion;
2023/06/26
Committee: AFET
Amendment 335 #

2022/2205(INI)

Motion for a resolution
Paragraph 13 h (new)
13h. Condemns the repeated attempts by Türkiye to intimidate and gag Turkish Cypriot journalists and progressive citizens in the Turkish Cypriot community, thus violating their right to freedom of opinion and expression;
2023/06/26
Committee: AFET
Amendment 336 #

2022/2205(INI)

Motion for a resolution
Paragraph 13 i (new)
13i. Regrets Türkiye’s continuing refusal to comply with aviation law and establish a channel of communication between air traffic control centres in Türkiye and the Republic of Cyprus, the absence of which entails real safety risks and dangers as identified by the European Aviation Safety Agency and the International Federation of Air Line Pilots’ Associations; takes the view that this could be an area where Türkiye could prove its commitment to confidence- building measures and calls on Türkiye to collaborate by fully implementing EU aviation law;
2023/06/26
Committee: AFET
Amendment 341 #

2022/2205(INI)

Motion for a resolution
Paragraph 14
14. Reiterates its firm conviction that Türkiye is a country of strategic relevance in political, economic and foreign policy terms, a key partner for the stability of the wider region and a vital ally, including within NATO, and reaffirms that the EU is committed to pursuing the best possible relations with Türkiye based on dialogue, respect and mutual trust in line with international law and good neighbourly relations;
2023/06/26
Committee: AFET
Amendment 346 #

2022/2205(INI)

Motion for a resolution
Paragraph 14
14. Reiterates its firm conviction that Türkiye is a country of strategic relevance in political, economic and foreign policy terms, a key partneactor for the stability of the wider region and a vital ally, including within NATO, and reaffirms that the EU is committed to pursuing the best possible relations with Türkiye based on dialogue, respect and mutual trust;
2023/06/26
Committee: AFET
Amendment 351 #

2022/2205(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Recalls its position, as expressed in previous resolutions, on the introduction of an initiative in the Council for all EU Member States to halt the licensing of arms exports to Türkiye in accordance with Council Common Position 2008/944/CFSP;
2023/06/26
Committee: AFET
Amendment 370 #

2022/2205(INI)

Motion for a resolution
Paragraph 15 a (new)
15a. Regrets that the current Customs Union will not achieve its full potential until Türkiye fully and effectively implements the Additional Protocol in relation to all Member States including the Republic of Cyprus in a non- discriminatory manner, which is a prerequisite for the opening of the negotations for the upgrading;
2023/06/26
Committee: AFET
Amendment 378 #

2022/2205(INI)

Motion for a resolution
Paragraph 16 a (new)
16a. Stresses that visa liberalisation will be possible once all the criteria have been fully and effectively met in a non- discriminatory manner towards all Member States;
2023/06/26
Committee: AFET
Amendment 379 #

2022/2205(INI)

Motion for a resolution
Paragraph 16 b (new)
16b. Reiterates its call on Türkiye to comply with the EU declaration issued on September 21, 2005 and to fulfil its obligation of full, non-discriminatory implementation of the Additional Protocol to the EC-Turkey Association Agreement vis-a-vis all Member States, including the Republic of Cyprus; regrets that Türkiye has still not made progress towards the normalisation of its relations with the Republic of Cyprus; reiterates that recognition of all Member States is a necessary component of the accesion process, of Customs Union and every agreement between the EU and Türkiye and calls for progress without any further delay;
2023/06/26
Committee: AFET
Amendment 380 #

2022/2205(INI)

Motion for a resolution
Paragraph 16 c (new)
16c. Deeply regrets the conversion of the Hagia Sophia historical-religious monument into a mosque without prior dialogue, which could violate the UNESCO Convention Concerning the Protection of the World Cultural and Natural Heritage to which Türkiye is a signatory; calls on Türkiye’s Government to reconsider and reverse this decision in order to fully respect the historical and cultural character of cultural and religious monuments and symbols, especially UNESCO world heritage sites; recalls that Hagia Sophia is a place open for all communities and religions and calls on UNESCO to take proper actions in order to safeguard this World Heritage Site;
2023/06/26
Committee: AFET
Amendment 389 #

2022/2205(INI)

Motion for a resolution
Paragraph 18
18. Reaffirms its support forcalls the need for Türkiye to fulfil its legal obligations under the EU - Türkiye Customs Union and deplores the continuous violations of the current framework; Regrets that the current Customs Union will not achieve its full potential until Türkiye fully and effectively implements the Additional Protocol in relation to all Member States including the Republic of Cyprus in a non-discriminatory manner, which is a prerequisite for the opening of the negotiations for the upgrading; Reaffirms its position that an upgraded customs union with a broader, mutually beneficial scope, which could encompass a wide range of areas of common interest, including digitalisation and Green Deal alignment; insists that such a modernisation would need to be based on strong conditionality related to human rights and the aforfundamental freedoms, respect for international law and good neighbourly relations, and that it can only be envisaged upon Türkiye’s full implementationed principles of the Additional Protocol to extend the Ankara Agreement towards all Member States without reserve and in a non-discriminatory fashion; stresses that both parties must be fully aware of this democratic conditionality from the outset of any negotiations, as Parliament will not give its consent to the final agreement if no progress is made in thisose fields; remains ready to advance towards visa liberalisation as soon as the Turkish authorities fulfil the six outstanding benchmarkly and effectively meet all criteria in a non-discriminatory manner towards all member-states;
2023/06/26
Committee: AFET
Amendment 82 #

2022/2172(INI)

Draft opinion
Paragraph 8 a (new)
8 a. Calls on the Commission to come forward urgently with a new own resource linked to the measures recently introduced to redistribute the energy sector's surplus, namely the solidarity levy for the fossil fuel sector and the cap on market revenues for electricity generators and intermediaries that use inframarginal technologies; proposes that this new own resource consists of a share of the revenues generated by these levies; recommends that the proceeds of this new own resource are used to finance relief and income support measures for households across the Union;
2022/12/19
Committee: ECON
Amendment 9 #

2022/2150(INI)

Motion for a resolution
Recital B
B. whereas the EU labour market has proved particularly resilient, with an additional two million people in employment, leading to a record low unemployment rate of 6.2 % in 2022; whereas according to the Commission’s autumn economic forecast the public sector was a key contributor to the increase in employment; whereas despite labour market tightness wage growth has remained moderate and has failed to keep up with inflation, implying real wage losses of, on average, 8% between Q4 2020 and Q2 2022 in the Euro Area according to ECB research13a; whereas the unemployment rate is expected to increase slightly in 2023 (6.5 %), before marginally coming down again in 2024 (6.2 %); _________________ 13a https://www.ecb.europa.eu/press/blog/date /2022/html/ecb.blog221125~d34babdf3e.e n.html
2023/01/11
Committee: ECON
Amendment 19 #

2022/2150(INI)

Motion for a resolution
Recital C a (new)
C a. whereas inflation has a differentiated impact across income groups, with low-income groups suffering proportionally more especially as inflation is mainly driven by price developments in essential goods that cannot be substituted and make up a relatively larger share of the consumption basket of low-income households; whereas such differentiated impacts cause a veritable cost-of-living crisis for parts of the population that poses challenges to social cohesion;
2023/01/11
Committee: ECON
Amendment 26 #

2022/2150(INI)

Motion for a resolution
Recital D a (new)
D a. whereas inflation and economic forecasts are operating under the conditions of heightened uncertainty, with key risks, especially to growth, continuing to be pitched to the downside; whereas such uncertainty compels the EU and Member State governments to remain vigilant and to take rapid action if risks materialise;
2023/01/11
Committee: ECON
Amendment 46 #

2022/2150(INI)

Motion for a resolution
Paragraph 1 a (new)
1 a. Notes that the European Systemic Risk Board has issued a warning on 22 September 2022 calling for heightened awareness with regards to financial stability risks resulting from sharply falling asset prices; is concerned that rising mortgage rates and the deterioration in debt servicing capacity due to a decline in real household income may cause further distress for families and for financial markets;
2023/01/11
Committee: ECON
Amendment 60 #

2022/2150(INI)

Motion for a resolution
Paragraph 2
2. Stresses that while the primary objective of the European Central Bank (ECB) is to maintain price stability, the primary objective of the Union as a whole should be to minimise the impact of current turbulences on the real economy, thereby defending the wellbeing of its citizens and preserving its production structure and the international competitiveness of its companies; underlines, in this regard, the importance of adequate and coordinated fiscal, structural and regulatory policies that complement the ECB’s monetary policy actions, which are also capable of supporting household incomes and providing targeted support to companies suffering from supply bottlenecks and high energy costs; notes that further increases of the ECB’s key policy rate or quantitative tightening may further contract economic activity;
2023/01/11
Committee: ECON
Amendment 64 #

2022/2150(INI)

Motion for a resolution
Paragraph 2 a (new)
2 a. Welcomes the European Commission’s call on Member States to deliver targeted measures to offset the impact of high energy prices on vulnerable households and companies; agrees with the European Commission in stressing that such measures should maintain incentives for energy savings; recalls that Member States find themselves in starkly diverging positions regarding the fiscal space available to them; notes that this situation entails the risk of furthering divergence between Member States as the energy crisis continues;
2023/01/11
Committee: ECON
Amendment 67 #

2022/2150(INI)

Motion for a resolution
Paragraph 2 b (new)
2 b. Notes the increased need for fiscal space in most Member States; underlines that in periods of increasing interest rates, Member States should also consider raising more revenues on higher earners or on industries and firms that are highly profitable; notes how a healthy balance between government revenues and expenditures is also necessary to reduce legacy debt and to build up buffers in times of economic recovery;
2023/01/11
Committee: ECON
Amendment 69 #

2022/2150(INI)

Motion for a resolution
Paragraph 2 c (new)
2 c. Calls for the general escape clause under the Stability and Growth (SGP) pact to remain activated as long as Member States are recovering from the crises caused by the pandemic and the Russian war of aggression against Ukraine; notes that the policy leeway created by the general escape clause is necessary to allow Member States to strengthen their competitiveness as well as their economic and social resilience under the current circumstances and within the constraints of the SGP in its current form;
2023/01/11
Committee: ECON
Amendment 114 #

2022/2150(INI)

Motion for a resolution
Paragraph 7 – point a
(a) the six-pillar structure, ensuringwhich was developed as part of the ordinary legislative procedure and hence under the full involvement of the European Parliament and that ensures that Member States give adequate consideration in their reform and investment agendas to all the relevant dimensions for making EU economies and societies more prosperous, sustainable, inclusive, competitive and resilient;
2023/01/11
Committee: ECON
Amendment 131 #

2022/2150(INI)

Motion for a resolution
Paragraph 8 a (new)
8 a. Welcomes the recent conclusion of negotiations establishing the possibility for Member States to introduce REPowerEU chapters to the NRRPs and, thereby, to access loans and additional grants to support the implementation of measures that cut dependence on Russian fossil fuels and accelerate the energy transition; invites Member States to prepare and submit such REPowerEU chapters swiftly; stresses that a lasting increase of public and private investment beyond such crisis instruments is needed in order to be able to address current and future challenges and to achieve the EU policy objectives related to the digital and green transitions;
2023/01/11
Committee: ECON
Amendment 132 #

2022/2150(INI)

Motion for a resolution
Paragraph 8 b (new)
8 b. Believes that future reforms of the European Semester should draw on the lessons learned as part of Next Generation EU and the RRF, especially as regards more transparent and democratic processes relating to the definition of policy objectives, the conduct of policy coordination as well as in relation to the collaborative approaches to the definition of reforms and investment projects that were pioneered between the European Commission and Member States; considers that such reforms should also incorporate lessons learned from the temporary establishment of the Support to mitigate Unemployment Risks in an Emergency (SURE) instrument;
2023/01/11
Committee: ECON
Amendment 167 #

2022/2150(INI)

Motion for a resolution
Paragraph 11 a (new)
11 a. Stresses that the revised regulatory framework must ensure that Member States have sufficient leeway to deliver decisive crisis-resolution measures when they are needed; is of the opinion that implementation of such measures should not require the suspension of regulatory provisions by means of escape clauses; notes that, in the future, the activation of escape clauses should remain a measure of last resort;
2023/01/11
Committee: ECON
Amendment 168 #

2022/2150(INI)

Motion for a resolution
Paragraph 11 b (new)
11 b. Highlights the need for common criteria that ensure, despite more country- specific flexibility in debt reduction, that all Member States are assessed according to the same standards, are treated equally, and that policy outcomes are predictable; notes that such common criteria should include criteria for the definition of Member States’ debt reduction paths; stresses that debt reduction should be delivered in a growth-friendly way and that underlying regulatory criteria should be defined in relation to Member States’ output and expenditure growth;
2023/01/11
Committee: ECON
Amendment 169 #

2022/2150(INI)

Motion for a resolution
Paragraph 11 c (new)
11 c. Welcomes the European Commission’s intention to focus fiscal surveillance on Member States’ net expenditure, a parameter that is under the full control of national governments; notes, however, that the calibration of which types of expenditure are included and exempted from the envisaged net expenditure indicator will require careful deliberation; is of the opinion that, next to the types of expenditure specified by the European Commission in its communication of 9 November 202213b and which already provide for a degree of structural adjustment of the indicator, investments in the resolution of macroeconomic imbalances as part of the Macroeconomic Imbalances Procedure should be exempt from the net expenditure indicator; calls for the provisions relating to the accounting of investment expenditure in the calculation of Member States expenditure laid out in the European Commission communication on flexibility in the Stability and Growth Pact of 13 January 201513c to be applied also in the calculation of net expenditure in the envisaged revised framework for EU economic governance; considers this necessary to achieve consistency and to ensure that the definition of the net expenditure indicator under the envisaged revised framework is able to grant more desirable flexibility to Member States and not less; _________________ 13b In its communication of 9 November 2022, the European Commission proposes to exempt interest expenditure as well as cyclical unemployment expenditure from the calculation of the net expenditure indicator. 13c COM (2015) 12 final
2023/01/11
Committee: ECON
Amendment 170 #

2022/2150(INI)

Motion for a resolution
Paragraph 11 d (new)
11 d. Notes that the Commission's Communication puts debt sustainability analyses (DSAs) at the centre of the fiscal rules and suggests using them to determine multi-year fiscal-structural plans; expresses concerns that DSAs would not be able to project future debt developments with certainty; underlines that the usage of DSAs still requires estimating unobservable variables, thereby undermining transparency and hampering ownership and predictability, and thus leaving space for discretion; stresses that the result of a DSA may create self-fulfilling prophecies, by encouraging investors to buy/sell bonds of the respective Member States, thereby influencing outcomes; observes that since there is not one unique set of assumptions, they should be aligned with the objectives of the EU-Treaties as regards growth and convergence, and they should be agreed upon in a political process, ideally by the European Parliament and the European Council;
2023/01/11
Committee: ECON
Amendment 193 #

2022/2150(INI)

Motion for a resolution
Paragraph 12 a (new)
12 a. Notes that the Commission's communication acknowledges the potential inconsistencies between the application of the fiscal rules and the recommendations under the Macroeconomic Imbalance Procedure (MIP), and provides for the inclusion of reforms and investments required to correct the imbalances under the MIP in the national plans; regrets that the Communication does not encompass any instrument that allows for the correction of such inconsistencies;
2023/01/11
Committee: ECON
Amendment 207 #

2022/2150(INI)

Motion for a resolution
Paragraph 13 a (new)
13 a. Stresses that large parts of the success of the RRF are due to the mobilisation of financial support for reforms and investments undertaken by Member States; notes that the European Commission’s proposals for a revised EU economic governance framework seek to incentivise compliance by way of sanctions that apply automatically in the case of non-compliance;
2023/01/11
Committee: ECON
Amendment 208 #

2022/2150(INI)

Motion for a resolution
Paragraph 13 b (new)
13 b. Recalls that the RRF is expected to end in late 2026; recalls that there is a near-undisputed consensus on the need for a degree of fiscal centralisation for currency unions, such as the Economic and Monetary Union, to be viable in the long-run, which was most recently reiterated by the International Monetary Fund13d; _________________ 13d International Monetary Fund, DP/2022/014, Reforming the EU Fiscal Framework - Strengthening the Fiscal Rules and Institutions
2023/01/11
Committee: ECON
Amendment 209 #

2022/2150(INI)

Motion for a resolution
Paragraph 13 c (new)
13 c. Considers that a permanent fiscal capacity at EU level could, if designed appropriately, play a crucial role in maintaining sufficiently high levels of strategic investment, resolving the inconsistencies between the application of the fiscal rules and the MIP, and ensuring an appropriate fiscal stance at the aggregate level; calls for the timely establishment of a permanent instrument of a significant volume to succeed the RRF prior to its expiration at the end of 2026; considers that such an instrument should comprise both an investment and a stabilisation function;
2023/01/11
Committee: ECON
Amendment 214 #

2022/2150(INI)

Motion for a resolution
Paragraph 13 d (new)
13 d. Considers that such an instrument should support national reform and investment initiatives towards common EU priorities, especially in the context of the social-ecological transformation and with regard to MIP-related measures for which Member States lack the fiscal space at national level under the applicable fiscal framework;
2023/01/11
Committee: ECON
Amendment 215 #

2022/2150(INI)

Motion for a resolution
Paragraph 13 e (new)
13 e. Considers that such an instrument should provide macroeconomic stabilisation through support for counter- cyclical fiscal policies, notably by making support available on a permanent basis for actions of the type included under SURE; highlights that such a stabilisation function is vital also to ensure the appropriateness of the fiscal stance at aggregate level;
2023/01/11
Committee: ECON
Amendment 216 #

2022/2150(INI)

Motion for a resolution
Paragraph 14
14. Recalls that the better law-making agreement reiterates that the European Parliament and the Council are to exercise their powers as co-legislators on an equal footing and that the Commission therefore needs to treat them equally; stresses that the European Parliament should therefore be fully involved in the reform of the economic governance framework as well as the future conduct of economic governance in the EU, including in the establishment and management of fiscal instruments; stresses the role and responsibility of national parliaments;
2023/01/11
Committee: ECON
Amendment 221 #

2022/2150(INI)

Motion for a resolution
Paragraph 14 a (new)
14 a. Recognises the need for sufficient public revenue to ensure the sustainability of public finances in times of pressing investment needs and frequent economic shocks; highlights the various observations made by the European Commission as part of the European Semester on the tax mix; considers as necessary a shift from labour and consumption taxation towards the taxation of environmentally harmful practices, speculative behaviours, the windfall and/or excess profits of multinational corporations, and capital; stresses that further action to counter tax avoidance and evasion in the EU and in global fora is a necessary complement to the reform of the EU economic governance framework;
2023/01/11
Committee: ECON
Amendment 13 #

2022/2062(INI)

Motion for a resolution
Recital C c (new)
C c. whereas current estimates show that the EU must invest an extra EUR 350 billion a year to achieve its 2030 climate targets;
2023/03/29
Committee: ECON
Amendment 18 #

2022/2062(INI)

Motion for a resolution
Recital C a (new)
C a. whereas the prices of energy commodities, food, and other raw materials have reached unprecedented high levels and continue to be the source of economic instability in the EU’s economy;
2023/03/29
Committee: ECON
Amendment 19 #

2022/2062(INI)

Motion for a resolution
Recital C b (new)
C b. whereas the EIB will support the REPowerEU Plan with an additional EUR 45 billion in loans and equity financing over the next five years;
2023/03/29
Committee: ECON
Amendment 20 #

2022/2062(INI)

Motion for a resolution
Recital C d (new)
C d. whereas a more integrated Capital Markets Union would ease the work of the EIB to unlock investment, boosting and diversifying investments in the real economy, in particular in SMEs, and triggering further cross-border equity investment and trade;
2023/03/29
Committee: ECON
Amendment 23 #

2022/2062(INI)

Motion for a resolution
Paragraph 1 b (new)
1 b. Notes the persistent investment gap in the EU and the increased need of countercyclical investment as the EU enters its fourth year of crisis through the pandemic and the subsequent Russian invasion of Ukraine; in this regard, welcomes the EIB’s crucial role as a main tool in the EU’s investment policy to act where private financing is missing; calls on the EIB to assure the maximum level of additionality in real economy investment with the aim of fostering sustainable growth as well as social and regional cohesion when deciding over future financing;
2023/03/29
Committee: ECON
Amendment 24 #

2022/2062(INI)

Motion for a resolution
Paragraph 2
2. Welcomes the EIB’s investment of EUR 72.4 billion of financing in 2022 and the bank’s focus on the EU’s long-term challenges of competiveness, productivity, climate change, a just transition that leaves nobody behind, sustainability, social cohesion and digital transformation;
2023/03/29
Committee: ECON
Amendment 28 #

2022/2062(INI)

Motion for a resolution
Paragraph 4
4. Welcomes the new Cohesion Orientation noting that the EIB should devote the majority of its resources to the promotion of economic, social and territorial convergence and that cohesion should be the overarching priority of its investment strategy; stresses the importance of the EIB’s advisory services role in preparing and implementing projects for clients with low administrative capacity; and in this context to help firms adapt towards changing EU policy goals especially those related to climate and digitalisation;
2023/03/29
Committee: ECON
Amendment 29 #

2022/2062(INI)

Motion for a resolution
Paragraph 4 a (new)
4 a. Notes the EIB's affirmation that challenges with access to finance for mid- caps in cohesion regions “are more structural”; calls on the EIB to address these structural barriers by adapting its approach so that SMEs and mid-caps in cohesion regions can also fully benefit from EIB financing;
2023/03/29
Committee: ECON
Amendment 30 #

2022/2062(INI)

Motion for a resolution
Paragraph 4 b (new)
4 b. Believes that the EIB needs to do more to adapt towards the very different social and economic scenarios in the diverse regions of the EU in order to increase the attractiveness of its funds comprehensively; in particular, expects the EIB to do more to address systemic deficiencies thus allowing all EU regions to benefit from EIB financial assistance;
2023/03/29
Committee: ECON
Amendment 31 #

2022/2062(INI)

Motion for a resolution
Paragraph 4 c (new)
4 c. Reaffirms its position that the EIB needs to assure a broader geographical and sectoral allocation of its investments and to focus on adapting its methods for the areas where it is failing to do so by especially, intensifying its dialogue with local, social, economic and governmental actors when establishing regional and sectoral strategies;
2023/03/29
Committee: ECON
Amendment 32 #

2022/2062(INI)

Motion for a resolution
Paragraph 4 d (new)
4 d. Reaffirms its position that the EIB can and needs to do more to address systemic deficiencies that prevent certain regions or countries from taking full advantage of EIB financial opportunities, inter alia by strengthening its efforts to expand its loan activities by providing technical assistance, capacity-building and advisory support, especially in innovation, digitalisation, infrastructure, SME support and projects aimed at generating high-quality employment, and by prioritising projects that reduce inequalities and promote social diversity and inclusion;
2023/03/29
Committee: ECON
Amendment 45 #

2022/2062(INI)

Motion for a resolution
Paragraph 8 a (new)
8 a. Notes the ongoing levels of high inflation and in this regard asks the EIB to assess the possible increased financial needs of ongoing projects;
2023/03/29
Committee: ECON
Amendment 72 #

2022/2062(INI)

Motion for a resolution
Paragraph 15
15. Highlights the fact that support to SMEs and mid-caps must be increased further from current levels, particularly in the context of high energy prices and, rising raw material costs and growing borrowing costs; stresses that SMEs often have limited administrative resources and so benefit from having financing channels that are easy to access;
2023/03/29
Committee: ECON
Amendment 73 #

2022/2062(INI)

Motion for a resolution
Paragraph 16
16. Reiterates its call on the EIB to complement efforts to build a data-driven society, with a particular focus on SMEs’ competitiveness and to focus its investment in this field towards bridging digital divides both within the EU, as well as between the EU and other technologically more advanced world regions;
2023/03/29
Committee: ECON
Amendment 74 #

2022/2062(INI)

Motion for a resolution
Paragraph 16 a (new)
16 a. Notes that the EIB’s approach vis- à-vis small businesses needs a revision because of its customary reluctance to fund projects with a significant risk component or to deploy mechanisms that would compensate for this problem;
2023/03/29
Committee: ECON
Amendment 77 #

2022/2062(INI)

Motion for a resolution
Paragraph 17
17. Stresses the need for the EIB to have a strong focus on start-ups and projects directed at tackling the growing problem of youth unemployment in the context of creating secure and high- quality jobs;
2023/03/29
Committee: ECON
Amendment 83 #

2022/2062(INI)

Motion for a resolution
Paragraph 18 a (new)
18 a. Notes the Commission’s proposal to work with the European Investment Bank and other InvestEU implementing partners to seek ways to scale up support to investment in the net-zero industry supply chain, including via the setting up of blending operations;
2023/03/29
Committee: ECON
Amendment 86 #

2022/2062(INI)

Motion for a resolution
Paragraph 19
19. Encourages the EIB to use its operations to facilitate the implementation of the goals of the Green Deal, particularly becauseaiming at an inclusive and fair climate transition; furthermore calls for these goals to be combined with the affordability and security of food which has deteriorated worldwide in the context of the ongoing war in Ukraine;
2023/03/29
Committee: ECON
Amendment 97 #

2022/2062(INI)

Motion for a resolution
Paragraph 22 a (new)
22 a. Notes the role that the EIB can play when it comes to investment in deep offshore renewables, specifically towards the design of instruments that could help get such projects closer to the market; in this background, welcomes the investment done in offshore floating wind farms in the French ‘Port-la-Nouvelle’ harbour and hopes that this investment can serve as a model for the rest of the Mediterranean region;
2023/03/29
Committee: ECON
Amendment 103 #

2022/2062(INI)

Motion for a resolution
Paragraph 23
23. Welcomes the introduction of the EIB’s new transport lending policy in July 2022 and calls for its swift implementation; recalls the need for a higher level of investment towards the decarbonisation of the maritime and aviation system;
2023/03/29
Committee: ECON
Amendment 105 #

2022/2062(INI)

Motion for a resolution
Paragraph 23 a (new)
23 a. Asks the EIB to give particular attention when it comes to funding decisions relevant to insular and peripheral regions in view of their struggle to comply with requirements relevant to the green deal while simultaneously maintaining and increasing their connectivity with the rest of the EU;
2023/03/29
Committee: ECON
Amendment 107 #
2023/03/29
Committee: ECON
Amendment 108 #

2022/2062(INI)

Motion for a resolution
Paragraph 23 b (new)
23 b. In line with the principles established in the European Pillar of Social Rights, and in view of the current EU housing crisis, expects an increase in EIB financed operations in the area of social housing; furthermore asks the EIB to keep up its focus on women economic empowerment and gender equality when targeting new financing;
2023/03/29
Committee: ECON
Amendment 109 #

2022/2062(INI)

Motion for a resolution
Paragraph 23 c (new)
23 c. Notes the shortage in specialised labour in most of the EU and in this vein believes that the areas of education and skills are not provided the needed priority;
2023/03/29
Committee: ECON
Amendment 110 #

2022/2062(INI)

Motion for a resolution
Paragraph 23 d (new)
23 d. Is concerned about the systemic weakening of healthcare systems in many Member States of the EU and the ongoing medicine shortage in the EU which includes basic medicine such as paracetamol and antibiotics; further recalls the general scarcity of medicine products and medical equipment experienced during the COVID pandemic; in this context calls on the EIB to evaluate the possibilities to further invest in this sector with the aim to tackle the structural European deficiency in the health sector;
2023/03/29
Committee: ECON
Amendment 112 #

2022/2062(INI)

Motion for a resolution
Paragraph 24
24. Welcomes the fact that EIB Global supported EUR 9.1 billion in global investment outside the EU in 2022; expects EIB investments in non-EU countries to be fully aligned with EU and EU external action policies particularly when it comes to due diligence requirements related to environmental, social and corporate governance and the achievement of Sustainable Development Goals; specifically calls on the EIB to strengthen further its procedures and practices in respect to human rights and good governance violations emanating through projects it finances, directly or through intermediaries, and to prioritise on the protection of local communities and their environment; questions the EIB’s actions in light of recent reports in the media that the EIB is failing to act on evidence of fraud and corruption in a €48mn worth of investments the EIB made into a now bankrupt Kenyan construction company, and calls on the EIB to clarify how it evaluates financial and reputational risk when deciding whether to launch an investigation;
2023/03/29
Committee: ECON
Amendment 127 #

2022/2062(INI)

Motion for a resolution
Paragraph 26
26. Underlines that enhancing local presence and increasing cooperation with the EU delegations was a key driver in the establishment of EIB Global; reiterates its calls for additional staff on the ground, particularly in view of contracting more employees from the countries where the financing is taking place; supports the EIB’s approach to open regional offices in Africa and employ local applicants in these offices with the aim of adapting its requirements to local needs;
2023/03/29
Committee: ECON
Amendment 128 #

2022/2062(INI)

Motion for a resolution
Paragraph 26 a (new)
26 a. Asks the EIB to evaluate better its effectiveness when it comes to financing for SMEs and mid-caps in Africa whereby the relatively small size of projects seems to be often a hurdle towards access to finance; calls for an evaluation of a possible design of instruments that facilitate investment by EU SMEs in third countries, and increase their access to finance, including with respect to smaller projects; notes the importance of the EIB’s role in creating a level playing field for SMEs based in Member States whose national development banks do not have the capacity to promote investment in third countries;
2023/03/29
Committee: ECON
Amendment 132 #

2022/2062(INI)

Motion for a resolution
Paragraph 27 a (new)
27 a. Points out to the essential role of direct financing in countries from where the bulk of irregular migration into Europe originates in the perspective of slowing down forced economic immigration from these regions and of contributing further to the development and economic empowerment of these communities;
2023/03/29
Committee: ECON
Amendment 134 #

2022/2062(INI)

Motion for a resolution
Paragraph 28
28. Stresses the importance of consistency and efficiency in development finance and calls on the EIB to place greater emphasis on mobilising domestic resources and for a general increase of its commitment in less developed countries;
2023/03/29
Committee: ECON
Amendment 136 #

2022/2062(INI)

Motion for a resolution
Paragraph 29
29. Welcomes the launch of the Development Finance Institutions Transparency Index in 2023 and that fact that the associated report ranks the EIB at a similar level to peer development finance institutions in a number of areas, including financial intermediaries and environmental, social and governance and accountability to communities; calls for clear and comprehensive information to be shared with other EU institutions, the European Parliament in particular;
2023/03/29
Committee: ECON
Amendment 137 #

2022/2062(INI)

Motion for a resolution
Paragraph 30
30. Regrets the fact that women remain underrepresented in senior positions and in the core areas of activity at the EIB; recalls its position that more needs to be done to improve both its gender and geographical balance in this context;
2023/03/29
Committee: ECON
Amendment 140 #

2022/2062(INI)

Motion for a resolution
Paragraph 31 a (new)
31 a. Queries whether the EIB has the needed human resources in light of the ongoing expansion of its functions and responsibilities;
2023/03/29
Committee: ECON
Amendment 141 #

2022/2062(INI)

Motion for a resolution
Paragraph 32
32. Expresses once more its serious concerns about allegations regarding harassment, the working environment and working conditions at the EIB; notes the March 2022 ruling by the General Court on a harassment case in the EIB [KF vs EIB (T-299/20)] in which the decision of the EIB President that no harassment took place was annulled; recognises that efforts have been made by the EIB to address these and other relevant staff issues; urges the EIB to ensure that a policy of zero-tolerance towards all types of harassment is effectively implemented, including preventive and protective measures and proper and reliable complaint and victim support mechanisms; urges the EIB’s management to engage in genuine dialogue with staff representatives in order to address their concerns; deplores the fact that no trade union is recognised at the EIB and that the staff delegation has no power to act in the case of negotiations; calls on the EIB management to observe at the very least core ILO values such as freedom of association and the right to collective bargaining; is concerned that the apparent dysfunctional relationship between the EIB’s management and its staff might have a negative impact on the Bank’s operations;
2023/03/29
Committee: ECON
Amendment 143 #

2022/2062(INI)

Motion for a resolution
Paragraph 33
33. Takes note of the EIB’s new anti- fraud policy and underlines the importance of inclusive cooperation when developing key anti-fraud policy tools; notwelcomes that the EIB has adopted and published the EIB Group Policy towards weakly regulated, non-transparent and non-cooperative jurisdictions and tax good governance, which is complimentary to the EIB Group Anti-Money Laundering and Combatting the Financing of Terrorism Policy;
2023/03/29
Committee: ECON
Amendment 144 #

2022/2062(INI)

Motion for a resolution
Paragraph 33 a (new)
33 a. Requests that an outside review of the cost effectiveness of the EIB’s investment efforts during the last ten years be carried out, not least from the perspective of whether and how the EIB’s operations created significant value added that was directly relevant to the European Union’s growth and consolidation policies;
2023/03/29
Committee: ECON
Amendment 1 #

2022/2061(INI)

Motion for a resolution
Citation 7 a (new)
— having regard to the Commission proposal of 24 November 2015 for a regulation of the European Parliament and of the Council amending Regulation (EU) No 806/2014 in order to establish a European Deposit Insurance Scheme (COM(2015)0586),
2023/02/20
Committee: ECON
Amendment 3 #

2022/2061(INI)

Motion for a resolution
Citation 8 a (new)
— having regard to the Commission communication of 16 December 2020 on tackling non-performing loans in the aftermath of the COVID-19 pandemic (COM(2020)0822),
2023/02/20
Committee: ECON
Amendment 5 #

2022/2061(INI)

Motion for a resolution
Citation 8 b (new)
— having regard to The Five Presidents’ Report of 22 June 2015 entitled ‘Completing Europe’s Economic and Monetary Union’,
2023/02/20
Committee: ECON
Amendment 7 #

2022/2061(INI)

Motion for a resolution
Citation 12 a (new)
— having regard to the ECB recommendation of 15 December 2020 on dividend distributions during the COVID- 19 pandemic,
2023/02/20
Committee: ECON
Amendment 14 #

2022/2061(INI)

Motion for a resolution
Citation 28 a (new)
— having regard to the European Supervisory Authorities’(ESAs)' ‘Joint Committee Report on Risks and Vulnerabilities in the EU Financial System’, JC 2022 09 of March 2022,
2023/02/20
Committee: ECON
Amendment 16 #

2022/2061(INI)

Motion for a resolution
Citation 29
— having regard to the declaration signed by the Chair of Parliament’s Committee on Economic and Monetary Affairs, and the respective coordinators for six political groups (EPP, S&D, RE, Greens, ECR and The Left) of 7 December 2022 on the European deposit insurance scheme,
2023/02/20
Committee: ECON
Amendment 17 #

2022/2061(INI)

Motion for a resolution
Citation 30 a (new)
— having regard to its resolution of 25 March 2021 on strengthening the international role of the euro,
2023/02/20
Committee: ECON
Amendment 18 #

2022/2061(INI)

Motion for a resolution
Citation 30 b (new)
— having regard to the Basel Committee on Banking Supervision standards on the Prudential treatment of crypto-asset exposures, of December 2022,
2023/02/20
Committee: ECON
Amendment 24 #

2022/2061(INI)

Motion for a resolution
Recital A
A. whereas the Banking Union (BU) currently consists of the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM); whereas although the Deposit Guarantee Schemes Directive4 (DGSD) sets out high minimum standards in the area of deposit protection, the BU remains unfinished because thewhile lacking the establishment of its third pillar – the European deposit insurance scheme (EDIS) – has not yet been establishexposing the financial sector to risks that could be avoided; _________________ 4 Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit guarantee schemes (OJ L 173, 12.6.2014, p. 149).
2023/02/20
Committee: ECON
Amendment 28 #

2022/2061(INI)

Motion for a resolution
Recital A a (new)
A a. whereas an agreement was reached on the creation of a backstop for the Single Resolution Fund (SRF), but its actual implementation is still missing;
2023/02/20
Committee: ECON
Amendment 34 #

2022/2061(INI)

Motion for a resolution
Recital C
C. whereas the Russian aggression against Ukraine and its economic and social consequences will havehas a direct and indirect impact on the EU banking sector;
2023/02/20
Committee: ECON
Amendment 39 #

2022/2061(INI)

Motion for a resolution
Recital D a (new)
D a. whereas, despite the challenges caused by the pandemic and the war in Ukraine, the aggregate non-performing loans (NPL) ratio fell further to 2.29% in the third quarter of 2022; whereas this was supported by credit moratoria and renegotiation of credit with customers;
2023/02/20
Committee: ECON
Amendment 42 #

2022/2061(INI)

Motion for a resolution
Recital D b (new)
D b. whereas fifteen years after the financial crisis, the ‘too big to fail’ and ‘too interconnected to fail’ problems remain insufficiently addressed;
2023/02/20
Committee: ECON
Amendment 59 #

2022/2061(INI)

Motion for a resolution
Recital H
H. whereas the finalisation of the anti- money laundering (AML) package should strengthen AML rules, establish a European supervisory authority for AML purposes and ensure a consistent and effective implementation of these rules;
2023/02/20
Committee: ECON
Amendment 68 #

2022/2061(INI)

Motion for a resolution
Recital I a (new)
I a. whereas the banking system lacks effective tools to tackle problems consumers are facing, such as artificial complexity or the exclusion of vulnerable groups from using basic services;
2023/02/20
Committee: ECON
Amendment 69 #

2022/2061(INI)

Motion for a resolution
Recital I b (new)
I b. whereas the European banking sector largely remains the main provider of financing of companies, in contrast with other jurisdictions, where capital markets account for a considerable share of financing to companies;
2023/02/20
Committee: ECON
Amendment 70 #

2022/2061(INI)

Motion for a resolution
Recital I c (new)
I c. whereas the development of a CMU requires the establishment of common rules and effective tools that reduce the internal market fragmentation, facilitate access to alternative financing means, and prevent capital flight and tax avoidance schemes;
2023/02/20
Committee: ECON
Amendment 77 #

2022/2061(INI)

J. whereas completing the BU will breakstrongly contribute to reduce the sovereign-bank doom loop;
2023/02/20
Committee: ECON
Amendment 83 #

2022/2061(INI)

Motion for a resolution
Recital J a (new)
J a. whereas the Transmission Protection Instrument (TPI) established by the ECB can mitigate risks of fragmentation and financial instability;
2023/02/20
Committee: ECON
Amendment 89 #

2022/2061(INI)

Motion for a resolution
Recital J c (new)
J c. whereas the raising of interest rates by the ECB has been immediately reflected in the interest paid by households and companies to banks, thus significantly increasing banks’ profits, while it negatively affected households’ and companies’ capacity to pay their loans;
2023/02/20
Committee: ECON
Amendment 97 #

2022/2061(INI)

Motion for a resolution
Paragraph 2
2. Notes that the banking sector, in conjunction with public support measures, haspublic support measures coupled with the ECB's monetary policy decisions and regulatory adjustments - which allowed for loan repayment moratoria and credit renegotiation - acted as a shock absorber for the economic crisis triggered by the COVID- 19 pandemic; acknowledges that strengthening the prudential requirements implemented after 2008 has improved the EU banking sector’s resilience;
2023/02/20
Committee: ECON
Amendment 101 #

2022/2061(INI)

Motion for a resolution
Paragraph 2 a (new)
2 a. Recalls that the Banking Union (BU) is an essential complement to the Economic and Monetary Union (EMU) and the internal market, which aligns responsibility for supervision, resolution and funding at EU level and forces banks across the euro area to abide by the same rule book; welcomes the significant progress made since the financial crisis of 2008 through the establishment of the SSM and the SRM; highlights that Europe’s banks are in a stronger position to withstand financial shocks, and resolution mechanisms are in place to ensure that failing banks can be wound up without the use of taxpayers’ money; calls for the completion of the Banking Union, most notably through the implementation of the European Deposit Insurance Scheme (EDIS);
2023/02/20
Committee: ECON
Amendment 111 #

2022/2061(INI)

Motion for a resolution
Paragraph 3
3. Stresses that the EU should fairly and fully implement the Basel III reform in a timely manner; stresses the need for the EU to transpose the Basel agreement as close as possible to these standards, in order to remain a credible and reliable international partner; welcomes the European Parliament’s political agreement on the CRR and CRD;
2023/02/20
Committee: ECON
Amendment 121 #

2022/2061(INI)

Motion for a resolution
Paragraph 4
4. Notes that the ECB has decided to raise its main interest rates from 0 % to 23 % for the main refinancing operation rate; alerts to the negative impact that such hikes have on the capacity of households and companies to pay their loans; reminds the social and economic downsides of a strict monetary tightening, and calls on the ECB to take such downsides into account when making monetary policy decisions; encourages banks to reflect increases in interest rates more accurately in their deposit interest, thus encouraging citizens to make savings;
2023/02/20
Committee: ECON
Amendment 127 #

2022/2061(INI)

Motion for a resolution
Paragraph 4 a (new)
4 a. Reminds that the inflationary environment was largely due to external factors, most notably the Russian war of aggression against Ukraine, namely its impact on energy, fertiliser and grain prices, and the disruption of supply chains resulting from the Covid-crisis, and not from low interest rates or excessive liquidity in financial markets;
2023/02/20
Committee: ECON
Amendment 131 #

2022/2061(INI)

Motion for a resolution
Paragraph 5
5. Welcomes the climate stress test conducted by the SSM in 2022 and takes note of the targets set for 2024; reiterates its concern with financial exposures stemming from climate risks;
2023/02/20
Committee: ECON
Amendment 143 #

2022/2061(INI)

Motion for a resolution
Paragraph 6
6. Welcomes the ongoing work by the ECB on the digital euro; looks forward to the Commission’s legislative proposal and the ECB Governing Council’s decision on the digital euro; points out that the digital euro must prioritise a high level of privacy, data protection, confidentiality of payment data, cyber resilience and security;
2023/02/20
Committee: ECON
Amendment 153 #

2022/2061(INI)

Motion for a resolution
Paragraph 7 a (new)
7 a. Highlights the role of the banking system in supporting the transition to a carbon-neutral economy; considers that the new geopolitical environment increases the urgency of this transition, most notably on clean energy production; underlines the utmost importance of making a socially just transition; reminds that the costs of this transition will be lower than the cost of inaction, as acknowledged by the ECB; encourages the ECB to assess the possibility of a differentiated rate for sustainable investments that contribute most to reducing inflationary pressures, such as those in energy efficiency and renewable energy production;
2023/02/20
Committee: ECON
Amendment 159 #

2022/2061(INI)

Motion for a resolution
Paragraph 8
8. Encourages banks to take advantage of the opportunities offered by the digitalisation of the economy, while maintaining a high level of consumer and investor protection, especially for vulnerable groups with low digital or financial literacy levels; calls on the EBA to assess the best options to tackle artificial complexity and the exclusion of vulnerable groups from using basic banking services; stresses the need for further investments and research to develop innovative ways to bolster the cybersecurity of the banking sector;
2023/02/20
Committee: ECON
Amendment 161 #

2022/2061(INI)

Motion for a resolution
Paragraph 8 a (new)
8 a. Welcomes the creation of Next Generation EU and emphasises its important role in the economic recovery after the Covid-crisis and how it must serve as an opportunity to enhance public and private investments and support the modernisation of the economy; stresses the importance of maintaining a macroeconomic stabilisation tool for the euro area;
2023/02/20
Committee: ECON
Amendment 166 #

2022/2061(INI)

Motion for a resolution
Paragraph 8 b (new)
8 b. Restates the importance of a European safe asset in the euro area as a way to help stabilise financial markets and allow banks to reduce the exposure of their balance sheets to national sovereign debt; considers that NextGeneration EU provides high-quality, low-risk European assets, allowing for a rebalancing of sovereign bonds on banks’ balance sheets; highlights the importance of preserving the availability of safe assets in a permanent manner;
2023/02/20
Committee: ECON
Amendment 168 #

2022/2061(INI)

Motion for a resolution
Paragraph 8 c (new)
8 c. Welcomes the recent approval of the directive on improving the gender balance among directors of companies listed on stock exchanges, and related measures, following several years without progress; encourages all EU financial institutions to comply with the objectives of this legislation as soon as possible, thus contributing to gender balance in this sector;
2023/02/20
Committee: ECON
Amendment 169 #

2022/2061(INI)

Motion for a resolution
Paragraph 8 d (new)
8 d. calls on EU governments, institutions and bodies to achieve gender balance as soon as possible; reiterates the Parliament’s commitment not to take into account shortlists of candidates where gender balance has not been respected;
2023/02/20
Committee: ECON
Amendment 172 #

2022/2061(INI)

9. Notes that since the beginning of 2022, the Common Equity Tier 1 ratio of SSM banks has decreased to 14.9674 % and the liquidity coverage ratio has also decreased to 164.362.03 %5 ; welcomes that the stock of non-performing loans in banks’ balance sheets has continued to decrease; underlines that banks should keep sufficient capital and liquid assets on hand to cope with the economic repercussions of the Russian war; _________________ 5 ECB, ‘Publication of supervisory data’, accessed 15 December 2022.
2023/02/20
Committee: ECON
Amendment 176 #

2022/2061(INI)

Motion for a resolution
Paragraph 9 a (new)
9 a. Notes the ECB review of its supervisory priorities for the next three years, which are (1) Strengthening resilience to immediate macro-financial and geopolitical shocks, (2) Addressing digitalisation challenges and strengthening management bodies' steering capabilities, and (3) Stepping up efforts in addressing climate change;
2023/02/20
Committee: ECON
Amendment 182 #

2022/2061(INI)

Motion for a resolution
Paragraph 10
10. Notes that the banking sector’s profitability has increased over the past year; highlights the importance of using these profits to build buffers and safeguard the stability of the financial system;
2023/02/20
Committee: ECON
Amendment 184 #

2022/2061(INI)

Motion for a resolution
Paragraph 10 a (new)
10 a. Stresses that banks under the ECB's supervision significantly reduced the payment of dividends following the ECB’s recommendation for suspension and limitation of said payments for 2020 and 2021, respectively; calls on the ECB to issue a similar recommendation taking into account the need for the financial sector to build up buffers and to prevent a deterioration of banks’ balance sheets;
2023/02/20
Committee: ECON
Amendment 193 #

2022/2061(INI)

Motion for a resolution
Paragraph 11
11. NoteRecalls that banks’ exposuthe main objectives of the BU ares to domestic sovereign debt remain high; recalls that one of the main objectives of the BU is to break the link between bank and sovereign risksguarantee financial stability, protect the tax-payer and allow for a higher degree of European market integration; notes, in this regard, that banks' exposures to domestic sovereign debt remain high;
2023/02/20
Committee: ECON
Amendment 222 #

2022/2061(INI)

Motion for a resolution
Paragraph 14 a (new)
14 a. Reiterates that bank-like systemic risks can occur where credit intermediation takes place in an environment where regulatory standards and supervisory oversight are looser than for regular banks;
2023/02/20
Committee: ECON
Amendment 226 #

2022/2061(INI)

Motion for a resolution
Paragraph 15
15. Stresses the risks stemming from banks’ exposures to the shadow-banking sector; underlines the systemic risks resulting from interconnections and complexity, underpinning the ‘too big to fail problem’; calls on the Commission to assess the need to better regulate the shadow-banking sector and to put forward, where appropriate, legislative proposals;
2023/02/20
Committee: ECON
Amendment 236 #

2022/2061(INI)

Motion for a resolution
Paragraph 16
16. Notes that crypto-assets create new challenges for banks; welcomes the forthcoming adoption of the regulation on markets in Crypto-assets in this regardand the provisional agreement on the regulation on information accompanying transfers of funds and certain crypto-assets in this regard; notes the publication in December 2022 of the Basel standards for the prudential treatment of crypto-asset exposures; calls on the Commission to swiftly submit a legislative proposal to the European Parliament and the Council to adopt these standards into EU law, where appropriate;
2023/02/20
Committee: ECON
Amendment 250 #

2022/2061(INI)

Motion for a resolution
Paragraph 18 a (new)
18 a. Is concerned by the lack of a mechanism in the Banking Union to ensure that liquidity can be provided to a bank in the event of a resolution in order to ensure the smooth continuity of services and the stability of financial markets, and calls on the Commission to address this gap without further delay;
2023/02/20
Committee: ECON
Amendment 254 #

2022/2061(INI)

Motion for a resolution
Paragraph 19
19. Takes note of the SRB’s work programme for 2023; emphasises that the Single Resolution Fund (SRF) should be fully filled up and that all banks should be fully resolvable by the end of 2023; highlights the SRF’s crucial role in preventing bank bailouts by tax payers; notes that further progress is needed by all banks;
2023/02/20
Committee: ECON
Amendment 255 #

2022/2061(INI)

Motion for a resolution
Paragraph 19 a (new)
19 a. Welcomes the Eurogroup agreement to introduce a backstop to the SRF, in the form of a revolving credit line from the European Stability Mechanism (ESM); regrets that its implementation was not reached in 2022, as envisioned by said agreement; recalls of its importance in strengthening the crisis management framework and as an important step towards completing the Banking Union; urges, therefore, the swift implementation of the SRF backstop;
2023/02/20
Committee: ECON
Amendment 256 #

2022/2061(INI)

Motion for a resolution
Paragraph 19 b (new)
19 b. Regrets that Member States continue to act outside the Community framework, undermining Parliament’s role as co-legislator; asks to be kept informed at all times of the ongoing discussions at the level of the Eurogroup and of the High-level Working Group on the EDIS;
2023/02/20
Committee: ECON
Amendment 270 #

2022/2061(INI)

Motion for a resolution
Paragraph 21
21. CRegrets that the Commission has failed to propose the legislative initiative on crisis management and deposit insurance framework (CMDI) in the timeframe it committed itself to the Commission Work Programme 2021; calls on the Commission to put forward an ambitious and comprehensive review of the crisis management and deposit insurance framework; recalls that protecting taxpayer money is one of the main objectives of the resolution framework;
2023/02/20
Committee: ECON
Amendment 283 #

2022/2061(INI)

Motion for a resolution
Paragraph 23
23. Regrets that the BU is still incomplete owing to the absence of an EDIS; recognises that the EDIS would improve protection for depositors in the EU; recalls that the EDIS is the most tangible element of the BU for EU citizens; considers that the EDIS would provide an additional safeguard to host Member States and cwould therefore contribute to addressing home/host issues and foster deeper integration ;
2023/02/20
Committee: ECON
Amendment 293 #

2022/2061(INI)

Motion for a resolution
Paragraph 24
24. AHighlights that, despite the implication of the Covid-19 pandemic and the war in Ukraine, the non-performing loans (NPL) ratio decreased to 2.29%; acknowledges the significant progress made regarding the reduction of risks in the banking sector; regrets, on the other hand, the limited progress regarding risk sharing; calls for a risk sharing mechanism, while continuing the risk reduction trend; recalls the analysis of the SSM, stating that 'the implementation of EDIS should not be linked to further risk reduction benchmarks';
2023/02/20
Committee: ECON
Amendment 301 #

2022/2061(INI)

Motion for a resolution
Paragraph 25
25. Points out that any EDIS should take into account clear rules for the participation of non-euro-area Member States; encourages the Eurogroup to work in inclusive format to finalise on a consensual basis a time-bound and action driven work plan on the way towards its completion;
2023/02/20
Committee: ECON
Amendment 303 #

2022/2061(INI)

Motion for a resolution
Paragraph 25 a (new)
25 a. Acknowledges the different concepts for a European deposit insurance framework; considers, nonetheless, that any short-term solution should not prevent the establishment of a fully mutualised EDIS as soon as possible;
2023/02/20
Committee: ECON
Amendment 308 #

2022/2061(INI)

Motion for a resolution
Paragraph 26
26. Welcomes the statement by the negotiation team of the Parliament announcing the reopening of discussions on the EDIS at Parliamentnd their call to the Commission that the CMDI should not be considered as a replacement for a EDIS; calls for the co-legislators to reach an agreement on the file before the end of the legislative period;
2023/02/20
Committee: ECON
Amendment 310 #

2022/2061(INI)

Motion for a resolution
Paragraph 26 a (new)
26 a. Supports the joint declaration signed by the Chair of the Parliament’s Committee on Economic and Monetary Affairs, and the respective coordinators for six political groups (EPP, S&D, RE, Greens, ECR and The Left) of 7 December 2022 on the European Deposit Insurance Scheme; reiterates its call for the Commission not to retract its 2015 EDIS proposal, which should remain on the table as the basis for restarting discussions; reiterates its call urging the Council to end the stalemate that has blocked progress for years and to work constructively with the Parliament to reach an agreement on EDIS;
2023/02/20
Committee: ECON
Amendment 1 #

2022/2051(INL)

Draft opinion
Paragraph -1 (new)
-1. Welcomes the final report on the final outcome of the Conference which includes 49 proposals1a and which was presented to the Presidents of the three institutions on 9 May 2022; notes that several proposals are to be considered of an economic nature and highlights that some recommendations could also be followed up in the framework of the current Treaties; notes that some of them would require treaty change to be fully implemented; _________________ 1a Conference on the Future of Europe - Report on the Final Outcome, May 2022
2022/11/11
Committee: ECON
Amendment 2 #

2022/2051(INL)

Draft opinion
Paragraph -1 a (new)
-1 a. Recalls that on the 9th of June 2022, the European Parliament submitted proposals for the amendment of the Treaties to the Council under the ordinary revision procedure laid down in Article 48 TEU2a; _________________ 2a European Parliament resolution of 9 June 2022 on the call for a Convention for the revision of the Treaties (2022/2705(RSP)
2022/11/11
Committee: ECON
Amendment 15 #

2022/2051(INL)

Draft opinion
Paragraph 2
2. Supports an economic governance framework that ensures stability, full employment, strategic and sustainable investments, democratic accountability and ownership, and fiscal policies and instruments to counteract shocks; Notes that the Conference on the Future of Europe discussions highlighted the strong demand of a deep review of EU's economic governance and the European Semester, in order to ensure that the green and digital transitions, social justice and social progress go hand in-hand with economic competitiveness; reminds that the Parliament3a agreed to an urgent reform of the Union’s economic governance architecture, including simpler and clearer fiscal rules and a framework more conducive to long-term economic growth; _________________ 3a European Parliament INI report of 8 July 2021 on the review of the macroeconomic legislative framework for a better impact on Europe’s real economy and improved transparency of decision- making and democratic accountability (2020/2075(INI))
2022/11/11
Committee: ECON
Amendment 25 #

2022/2051(INL)

Draft opinion
Paragraph 2 a (new)
2 a. Stresses the importance of the EU economic governance framework to enable governments to promote public investment and ensure debt sustainability; recalls that the Economic and Monetary Union cannot function smoothly without a fiscal capacity at European level capable of providing a counter-cyclical stabilisation function and timely and adequate support in the event of economic shocks, calls for further consideration to common borrowing at EU level, with a view to creating more favourable borrowing conditions, while maintaining responsible fiscal policies at Member State; calls to transform the SGP into a Sustainable Development Pact, imbedded in a Sustainable Development cycle and enable the just, green and digital transition; calls for the development and completion of the Capital Markets Union and Banking Union, including a fully- fledged European Deposit Insurance Scheme (EDIS);
2022/11/11
Committee: ECON
Amendment 26 #

2022/2051(INL)

Draft opinion
Paragraph 2 b (new)
2 b. Calls for an assessment on the Maastricht criteria, including the deficit and public debt targets, benefiting from the experience accumulated over these last two decades of the single currency, namely on economic growth and public investment, and from the lessons learned from previous and current crisis, namely the most disruptive ones, such as the financial and sovereign crisis from early 2010´s, COVID pandemic and the War in Ukraine;
2022/11/11
Committee: ECON
Amendment 34 #

2022/2051(INL)

Draft opinion
Paragraph 3
3. Calls for the economic governance to be redesigned taking into account lessons learned from the NGEU and SURE processesPoints out the importance of common tools to respond to economic shocks on an European level as learned from the previous financial crisis, the COVID-19 crisis and as well in the current economic shock due to the Russian aggression in Ukraine; Calls for the economic governance to be redesigned taking into account lessons learned from the NGEU and SURE processes; Calls for a stronger involvement of the European Parliament, on equal footing with the Council in defining the EU common priorities, and to ensure a proper scrutiny of its implementation;
2022/11/11
Committee: ECON
Amendment 42 #

2022/2051(INL)

Draft opinion
Paragraph 3 a (new)
3 a. Highlights the positive impact and record of accomplishment of new EU instruments such as SURE and the design and operating model of the Recovery and Resilience Facility (RRF), that made it possible to maintain jobs and business and support the relaunch of the EU economy; calls for an assessment on the creation of a common permanent instrument, focused on investment and convergence, which can also act with a counter cyclical purpose, and based on a contractual basis for reforms; suggests the Treaties changes to be inspired by the SURE model for short term and targeted interventions and the RRF for long-term investment capacity to support structural strategic investments in Europe;
2022/11/11
Committee: ECON
Amendment 50 #

2022/2051(INL)

Draft opinion
Paragraph 4
4. Urges that the framework of the ECB’s accountability to Parliament be improved; Calls for a more comprehensive definition of the price stability and the ways to achieve it; Highlights the secondary mandate of the ECB to support the general economic policies in the Union; calls for a clarification into Article 127 TFEU so as to ensure the primary objective of the European System of Central Banks to maintain price stability is without prejudice to the achievement of the objectives of the Union as laid down in Article 3 of the TEU;
2022/11/11
Committee: ECON
Amendment 59 #

2022/2051(INL)

Draft opinion
Paragraph 4 a (new)
4 a. Emphasizes the importance of placing the European Parliament on equal footing with the European Commission and the European Council regarding its participation on the European Central Bank’s Governing Council meetings (Article 284 (ex Article 113TEC)) and the General Council meetings;
2022/11/11
Committee: ECON
Amendment 88 #

2022/2051(INL)

Draft opinion
Paragraph 6
6. Highlights the new challenges for Union’s competition policy (Art101-109 TFUE), which require that the Treaty be amended to align it with the goals of the Green Deal and the pEuropean Pillar of sSocial rRights and support the Union´s strategic autonomy in key sectors, calls for a level playing field in the single market in order to promote a stronger, more sustainable and inclusive EU global competitiveness; stresses the need for the Parliament to play an active role in the political debate on competition policy, via proper involvement in experts groups and working parties and by shaping and assessing the Commission’s enforcement priorities;
2022/11/11
Committee: ECON
Amendment 110 #

2022/2051(INL)

Draft opinion
Paragraph 6 a (new)
6 a. Reiterates that the EU needs to address its lack of political weight at international level due, inter alia, to the lack of coherence of its representation in international organisations, which could be improved by implementing measures to ensure the unified representation of the EU and the euro internationally in all its dimensions and policies;
2022/11/11
Committee: ECON
Amendment 31 #

2022/2050(INI)

Motion for a resolution
Citation 43 a (new)
— having regard tο the United Nations Security Council Resolutions concerning Cyprus,
2022/10/10
Committee: AFET
Amendment 34 #

2022/2050(INI)

Motion for a resolution
Recital A
A. whereas Europe is facing the most complex combination of both military and non-military threats since the end of the Cold War accentuated by Russia’s unjustified and illegal war against Ukraine; and the ongoing illegal Turkish occupation of 38% of the Republic of Cyprus; whereas this requires the EU to enhance the effectiveness of its security and defence policy to defend its interests and values; whereas the Strategic Compass aims to equip the EU with the necessary tools to make it an effective security provider and an assertive global actor; whereas there is a new urgency to boosting EU security and defence capabilities, including building on the unprecedented support for Ukraine and including the use of the EPF;
2022/10/10
Committee: AFET
Amendment 41 #

2022/2050(INI)

Motion for a resolution
Recital A
A. whereas Europe is facing the most complex combination of both military and non-military threats since the end of the Cold War accentuated by Russia’s unjustified and illegal war against Ukraine; whereas this requires the EU to enhance the effectiveness of its security and defence policy to defend its citizens, interests and values and to deliver peace, human security, sustainable development and democracy; whereas the Strategic Compass aims to equip the EU with the necessary tools to make it an effective security provider and an assertive global actor; whereas there is a new urgency to boosting EU security and defence capabilities, including building on the unprecedented support for Ukraine and including the use of the EPF; whereas energy security is an important component in achieving strategic autonomy;
2022/10/10
Committee: AFET
Amendment 96 #

2022/2050(INI)

Motion for a resolution
Recital E
E. whereas Parliament’s active role in framshaping CSDP policies bolsters the EU’s democratic foundations; whereas Parliament can legitimately exercise political control and oversight over the executive at EU level; whereas Parliament’s diplomacy is a proven and complementary means of enhancing strategic communication, and the visibility and effectiveness of CSDP missions and operations;
2022/10/10
Committee: AFET
Amendment 111 #

2022/2050(INI)

Motion for a resolution
Paragraph 1
1. Highlights the dramatic deterioration in European security accelerated by Russia’s unjustified and illegal war against Ukraine and the ongoing illegal occupation in Cyprus; stresses that this situation demands that the EU step up its defence capacities and show greater willingness to act in order to deliver the security expected by the EU’s citizens; underlines the unprecedented and united EU response to Russia’s war against Ukraine, including the provision of military equipment through the EPF; remains committed to supporting Ukraine’s defence of its territorial integrity and sovereignty;the defence, territorial integrity and sovereignty of every EU Member State, as well as Ukraine's; calls on the EU to provide a timeline of one year for the complete withdrawal of Turkey's troops from the Republic of Cyprus, before the activation of Article 42, Paragraph 7 TEU, aiming to provide military assistance to the Republic of Cyprus in order to liberate its occupied northern part; moreover, calls on the EU to sustain its efforts and provide Ukraine with all necessary financial, humanitarian and military aid;
2022/10/10
Committee: AFET
Amendment 115 #

2022/2050(INI)

Motion for a resolution
Paragraph 1
1. Highlights the dramatic deterioration in European security accelerated by Russia’s unjustified and illegal war against Ukraine; stresses that this situation demands that the EU step up its defence capacities and show greater willingness to act united in order to deliver the security expected by the EU’s citizens; underlines the unprecedented and united EU response to Russia’s war against Ukraine, including the provision of military equipment through the EPF as well as financial and humanitarian assistance; remains committed to supporting Ukraine’s defence of its territorial integrity and sovereignty; calls on the EU to sustain its efforts and provide Ukraine with all necessary financial, humanitarian and military aid;
2022/10/10
Committee: AFET
Amendment 129 #

2022/2050(INI)

Motion for a resolution
Paragraph 2
2. Underlines the need for solidarity among Member States, especially with those whose geographical position leaves them directly exposed to various imminent threats and challenges to land, sea and air;
2022/10/10
Committee: AFET
Amendment 142 #

2022/2050(INI)

Motion for a resolution
Paragraph 3
3. Welcomes new EU initiatives to enhance European security and defence, notably the Versailles Declaration, the Strategic Compass and Joint Communication on defence investment gaps; welcomes the Commission’s proposal for a regulation to incentivise joint procurement while stressing the need for budgetary resources that genuinely meet the ambitious goals set; welcomes the upcoming review of the European defence investment programme regulation, the budget of which should be significantly increased as well;
2022/10/10
Committee: AFET
Amendment 160 #

2022/2050(INI)

Motion for a resolution
Paragraph 4
4. Welcomes the new ambition in the Strategic Compass to enhance the CSDP to build resilience and make it more capable and responsive, so it can act rapidly to defend our interests and values and protect the EU and its citizens; considers the Strategic Compass a major step towards a genuine European Defence Union enabling the EU to act as a credible partner; calls for the timely and sound implementation of the approximately 80 concrete actions and for them to be updated in response to Russia’s war of aggression against Ukraine as well as regularly along with the EU Threat Analysis; calls for the sustained political will of all Member States and EU institutions in this process; calls on the EEAS to regularly and comprehensively report on the implementation of the Strategic Compass to the Subcommittee on Security and Defence;
2022/10/10
Committee: AFET
Amendment 170 #

2022/2050(INI)

Motion for a resolution
Paragraph 5
5. Stresses the need to substantially strengthen the society-wide focus on resilience and the response to hybrid warfare; welcomes the decision to develop an EU Hybrid Toolbox for a coordinated response to hybrid threats; encourages further development of the EU’s cyber- defence policy and capabilities; emphasises the need to assist partner countries in the Western Balkans and Eastern Partnership to effectively combat cyber-attacks and hybrid warfare;
2022/10/10
Committee: AFET
Amendment 191 #

2022/2050(INI)

Motion for a resolution
Paragraph 6
6. Calls onNotes that Member States tomay assess the reform of the decision-making process with a view to realising untapped potential within the Treaties, in particular by activating Article 31 TEU extending qualified majority voting (QMV) to areas relating to the CSDP and pursuing full use of the ‘passerelle clauses’ and scope of articles that enhance EU solidarity and mutual assistance in the event of crises; proposes changes to the Treaties in the CSDP, to be discussed and decided upon within a convention following up on the Conference on the Future of Europe, primarily focusing on switching from unanimity to QMV for Council decisions with military implications and on defence matters for situations where passerelle clauses do not appl and secure EU sovereignty;
2022/10/10
Committee: AFET
Amendment 203 #

2022/2050(INI)

Motion for a resolution
Paragraph 7
7. Stresses the importance of improving and activating the implementation procedures of Article 44 TEU on mission delegation to make the CSDP more flexible and efficient in the field, to make Article 42(7) TEU on mutual assistance operational in the short run and to clarify the coherence between this and Article 5 of the North Atlantic Treaty, considering that not all EU Member States are NATO Allies;
2022/10/10
Committee: AFET
Amendment 207 #

2022/2050(INI)

Motion for a resolution
Paragraph 7 a (new)
7 a. Recalls the importance of ensuring the coherence of EU policy as regards situations involving the occupation or annexation of territory;
2022/10/10
Committee: AFET
Amendment 220 #

2022/2050(INI)

Motion for a resolution
Paragraph 8
8. Welcomes the EU’s ambition to strengthen its military and civilian capabilities; stresses the need to make full use of EU capability-development initiatives and budgets, notably the EDIRPA, EDF, PESCO, the Coordinated Annual Review on Defence (CARD) and Military Mobility, in order to fill critical capability gaps, reduce fragmentation in the defence-procurement sector, achieve full interoperability of our forces and strengthen a resilient, competitive and innovative European defence technological and industrial base; calls for ensuring (EDTIB); urges for maximum consistency between these initiatives; to prevent overlaps and guarantee efficient public investments; calls for a frequent progress review of EU capability-development initiatives and budgets by DG DEFIS to be presented to the Parliament’s Subcommittee on Security and Defence;
2022/10/10
Committee: AFET
Amendment 225 #

2022/2050(INI)

Motion for a resolution
Paragraph 8 a (new)
8 a. denounces the export of military supplies and expertise to Turkey that violates international law by: - occupying 38% of the land of the Republic of Cyprus, - violating the sovereignty and sovereign rights of Greece and the Republic of Cyprus in sea and air, - maintaining troops and conducting military operations in Syria and Iraq, while, specifically carrying out acts of ethnic cleansing and genocide against population groups, with emphasis to the ongoing genocidal acts against the Kurds, in Turkey, Syria and Iraq, - supporting the ongoing aggression of Azerbaijan against Armenia;
2022/10/10
Committee: AFET
Amendment 235 #

2022/2050(INI)

Motion for a resolution
Paragraph 9
9. Considers it important to fill the identified defence investment gaps such as replenishing stockpiles, replacing Soviet- era systems, reinforcing air and missile defence systems, expanding existing main battle tank capabilities and armoured vehicles, strengthening naval forces and improving satellite-based secure connectivity; strongly calls on Member States to commit to a significant increase in funding for joint EU procurement mechanisms and to take swift and thorough action in this crucial field; endorses the proposal for a Regulation establishing EDIRPA for 2022-2024 and its implications for the creation of a European Defence Union and the establishment of a joint procurement mechanism in the near future; urges Member States to utilise EDIRPA to commonly procure defence products and avoid competition, facilitate cost savings, strengthen the EDTIB and promote interoperability;
2022/10/10
Committee: AFET
Amendment 249 #

2022/2050(INI)

Motion for a resolution
Paragraph 10
10. Underlines the need for much more support for EU research and development to ensure that the defence industrial and technological base is able to meet increasing demands and ambitionsEDITB is able to meet increasing demands and ambitions; requests that part of the EU’s support to be dedicated to dual-use goods to service the civilian domain and encourages synergies between civilian and defence instruments; calls for the strengthening of the EDF budget in the mid-term review of the MFF; noting with approval that 43% of entities selected in the EDF 2021 calls for proposals in defence industrial cooperation projects are SMEs; encourages the establishment of further initiatives to increase SME involvement and innovation in the defence and military industry by increasing opportunities for capital investment and funding;
2022/10/10
Committee: AFET
Amendment 260 #

2022/2050(INI)

Motion for a resolution
Paragraph 11
11. Calls for more and smarter spending to foster industrial consolidation, cost savings and increased interoperability; calls for synergies with other EU financial instruments to be leveraged and access to private funding for the defence industry to be facilitated; stresses the importance of a competitive and innovative EDTIB for the production of sufficient high quality military equipment for Member States and partners; emphasises the importance of the EDTIB respecting internal market rules and the EU’s Common Position on arms exports; reminds that EDF and PESCO are crucial to the development of a genuine Defence Union through enhancing defence cooperation between Member States, promoting interoperability between defence systems, reducing fragmentation in capabilities and improving operational capacities;
2022/10/10
Committee: AFET
Amendment 268 #

2022/2050(INI)

Motion for a resolution
Paragraph 11 a (new)
11 a. Notes with approval the significant use of the EPF throughout 2022 to support partners around the world in the areas of military and defence, including the African Union, the Balkan Medical Task Force, the Republic of Moldova, Mozambique, Niger and Ukraine; stresses the importance of the EPF in preventing conflict, preserving peace, and strengthening international security and stability through improving the security and defence capacities of third countries and regional and international organisations; emphasises that military assistance and weapons deliveries by the EPF should comply fully with the EU Common Position on arms exports, international human rights law and humanitarian law, and provide adequate transparency and accountability;
2022/10/10
Committee: AFET
Amendment 279 #

2022/2050(INI)

Motion for a resolution
Paragraph 12
12. Stresses the need to significantly raise the ceiling of the EPF and create a separate EPF envelope for Ukraine which guarantees adequate support for the country without systematically neglecting other priority regions, including our immediate neighbourhood and Africa; calls for significantly increased military support in all its aspects, including training and information sharing with other particularly vulnerable countries such as the Republic of Moldova, Georgia and Western Balkan countries; calls for all EPF support for the provision of equipment to be carried out in coordination with NATO to increase efficiency and avoid unnecessary duplication; reiterates that the EPF does not solely address the provision of equipment to partners but also functions as a funding option for the common costs of military operations within the CSDP; concurs with the Strategic Compass that the scope of common costs can be expanded to allow greater EPF utilisation and incentivise force generation for CSDP military missions and operations;
2022/10/10
Committee: AFET
Amendment 281 #

2022/2050(INI)

Motion for a resolution
Paragraph 12 a (new)
12 a. Regrets Turkey’s overall destabilising role in many areas of concern in the EU and its neighbourhoods, which threatens regional peace, security and stability; is extremely concerned by, and strongly condemns Turkey’s illegal activities and threats of military action against EU Member States, in particular Greece and Cyprus, in the Eastern Mediterranean and its newly announced illegal activities within Cypriot and Greek maritime zones; Deplores the fact that despite the efforts for de-escalation, Turkey continues its unilateral provocative actions, violating international law and the sovereign rights of EU Member States in the area; reiterates EU condemnation of the signature of the two memoranda of understanding between Turkey and Libya on comprehensive security and military cooperation and on the delimitation of maritime zones, which are interconnected and are clear violations of the Law of the Sea (UNCLOS), the sovereign rights of EU Member States and third states and the relevant UNSC resolutions; reiterates the Union’s readiness to use all instruments and options at its disposal, including in accordance with Article 29 TEU and Article 215 of the Treaty on the Functioning of the European Union (TFEU), in order to defend its interests and those of its Member States, as well as to uphold regional stability;
2022/10/10
Committee: AFET
Amendment 293 #

2022/2050(INI)

Motion for a resolution
Paragraph 13
13. Expresses deep concern about developments in the Sahel region and the recent coups d’état in the region; condemns the increasing presence of the Kremlin- backed Wagner Group in the Sahel; firmly believes that the latter’s involvement in West Africa runs counter to the objective of bringing peace, security and stability to the region; acknowledges that the various international missions have not yet achieved their primary goal of lasting peace in the region and that a reflection process on the mandates and roles of international missions and policies is therefore needed to align with the changing political and geopolitical landscape; calls for a rethinking of the EU’s engagement in the Sahel region, involving a more human security-centred approach, human rights monitoring and a sustainable exit strategy; expresses similar concern over the increased presence and activity of Islamist terrorist groups, in particular Al-Qaeda, Daesh and Al- Shabaab in the Middle East and Africa;
2022/10/10
Committee: AFET
Amendment 341 #

2022/2050(INI)

Motion for a resolution
Paragraph 16 a (new)
16 a. Reiterates the call for deeper cooperation with international organisations, such as but not limited to, the UN, the African Union, and its peacekeeping missions in joint theatres and the Organization for Security and Cooperation in Europe (OSCE) on security;
2022/10/10
Committee: AFET
Amendment 351 #

2022/2050(INI)

Motion for a resolution
Paragraph 17
17. Calls for faster operationalisation of the Rapid Deployment Capacity (RDC) based on the increased readiness of Member States’ military forces; calls on Member States to commit to substantially narrowing critical gaps in strategic enablers by 2025, in particular linked to the RDC, such as strategic airlift, space communication assets, medical assets, cyber-defence capabilities and intelligence and reconnaissance; underlines the need for an effective and just cost-sharing mechanism between Member States pertaining to mission specific costs; calls for a balanced and practical division of competences between the Military Planning and Conduct Capability (MPCC), the European Union Military Staff (EUMS) and Member States’ national bodies regarding the operational command, control and planning of the RDC’s missions; emphasises the importance of regular live exercises on land and sea with Member State, allied and partner forces to improve and deepen operational readiness and cooperation;
2022/10/10
Committee: AFET
Amendment 363 #

2022/2050(INI)

Motion for a resolution
Paragraph 17 a (new)
17 a. Calls for the EU to play a significant role in the Mediterranean, having become an actor with the ability to guarantee the stability of the region, including in relation to energy security; calls for enhanced cooperation with partner countries in the Mediterranean to combat extremism, terrorism, the illicit trade in weapons and human trafficking;
2022/10/10
Committee: AFET
Amendment 370 #

2022/2050(INI)

Motion for a resolution
Paragraph 17 b (new)
17 b. Taking into account that the EU is currently deploying 11 civilian and 8 military missions and operations; notes that only three of these missions have an executive mandate: European Union Naval Force (EUNAVFOR) Somalia Operation ATALANTA, EUNAVFOR Mediterranean Operation IRINI (EUNAVFOR MED IRINI) and the EU military force in Bosnia and Herzegovina (EUFOR ALTHEA); recalls that EU’s overall engagement in the Sahel and the Horn of Africa through six civilian missions(the EU Capacity Building Mission in Mali (EUCAP Sahel Mali), EUCAP Sahel Niger, EUCAP Somalia) and six military missions (the European Union Training Mission in Mali (EUTM Mali), EUTM Somalia, EUNAVFOR ATALANTA, EUNAVFOR MED IRINI);
2022/10/10
Committee: AFET
Amendment 376 #

2022/2050(INI)

Motion for a resolution
Paragraph 17 c (new)
17 c. Welcomes the declaration of full operational capacity of EUTM Mozambique on 9 September 2022; further welcomes that the EUTM is on track to fulfil its mandate of completing the training 11 units of the Mozambican army; regrets however the delays in the provision of equipment to the trained units; calls on all relevant actors to speed up the delivery of equipment; regrets that the Member States were not able to provide sufficient personnel to the EUTM and as a consequence, key positions remain vacant;
2022/10/10
Committee: AFET
Amendment 377 #

2022/2050(INI)

Motion for a resolution
Paragraph 17 d (new)
17 d. Regrets that following the Russian invasion of Ukraine, the EU Advisory Mission Ukraine (EUAM Ukraine) is no longer able to fully implement its mandate in Ukraine; welcomes the new tasks assigned to EUAM Ukraine following the Russian invasion, according to Council Decisions (CFSP) 2022/452 of 18 March 2022 and 2022/638 of 13 April 2022 amending Decision2014/486/CFSP, which include providing support to law enforcement agencies to facilitate the flow of refugees from Ukraine to neighbouring Member states, the entry of humanitarian aid into Ukraine and advice, training and support to rule of law institutions to facilitate the investigation and prosecution of international crimes; expresses its satisfaction at the re-opening and relaunch of operation activities of the EUAM Headquarters in Kiev and the Field Offices in Lviv and Odessa; stresses the importance of communicating to the Ukrainian people that the EU will remain by their side throughout the period of Russian aggression; calls on the EUAM Ukraine to continue working closely with their Ukrainian counterparts to implement the necessary reforms, ensure significant knowledge and equipment transfer, and continue the work towards an efficient and accountable civilian security sector; welcomes the HR/VP initiative to work towards setting up an EU Military Advisory and Training Mission Ukraine(EUATM), with the aim of coordinating the training of Ukrainian armed forces in the short, medium and long term, calls for this mission to be set up as soon as possible;
2022/10/10
Committee: AFET
Amendment 379 #

2022/2050(INI)

Motion for a resolution
Paragraph 17 e (new)
17 e. Welcomes the EU’s Climate Change and Defence Roadmap, published in March 2022, which recognizes climate change as a “threat multiplier that fundamentally affects our long-term security”; stresses that climate change threatens global stability, will likely increase crisis situations across the world and affect the operational environments European and Member State security and defence capabilities face; insists that climate change implications are considered during the planning and implementation of CSDP missions and defence research and development; emphasizes the need to support technological innovation, through various EU instruments such as PESCO and the EDF, in the area of security and defence to reduce fossil fuel dependencies and increase energy efficiency; welcomes the decision that all CSDP missions and operations will have environmental advisors as a standard position by 2025;
2022/10/10
Committee: AFET
Amendment 381 #

2022/2050(INI)

Motion for a resolution
Paragraph 17 f (new)
17 f. Recalls that the EU Gender Action Plan(GAP) III (2020-24) requires a systematic integration of a gender perspective in all EU policies and external actions including the CSDP; regrets that the representation of women in CSDP missions and operations has not changed over the past five years, with women constituting 24% of international staff in civilian missions and 5-6% in military missions and operations[1];welcomes the EEAS Strategy and Action Plan to Enhance Women’s Participation in Civilian CSDP missions 2021 – 2024, and its ambitious target to increase the representation of women to 40% by 2024 across all categories of personnel; calls on the EEAS to report on its progress to the SEDE Subcommittee, calls for similar efforts on the side of the military missions and operations; calls on the Member States to nominate more women candidates for CSDP missions and operations; welcomes the establishment of the Missions and Operations Gender Monitoring Team at the EUMS on the 23 February 2022 with the aim of enhancing gender-related cooperation at the operational level;
2022/10/10
Committee: AFET
Amendment 383 #

2022/2050(INI)

Motion for a resolution
Paragraph 17 g (new)
17 g. Recognizes the important role of young people and youth organisations in maintenance and promotion of peace and security; calls for a more systematic implementation of the UNSCR 2250 on Youth, Peace and Security (YPS) at EU level;
2022/10/10
Committee: AFET
Amendment 385 #

2022/2050(INI)

Motion for a resolution
Paragraph 17 h (new)
17 h. Recognizes the significance of Coordinated Maritime Presences (CMP) as a crucial tool to strengthen EU maritime security engagements around the world; underlines the contribution of the pilot CMP in the Gulf of Guinea in reducing maritime security incidents by more than 50% in 2021, welcomes its extension until 2024,and calls for a thorough analysis of the lessons learnt from the project; welcomes the expansion of the CMP to the North-West of the Indian Ocean, an area of crucial importance to world trade, which enhances the role of the EU as a maritime security provider, ensures the presence of EU naval forces in the region and builds closer cooperation with international and regional partners; underlines the importance of close cooperation and complementary action with other CSDP missions in the region, including among others, EUNAVFOR Operation ATALANTA; endorses the expansion of the CMP to other areas of maritime interest that are crucial to European and international security as proposed by the Strategic Compass;
2022/10/10
Committee: AFET
Amendment 386 #

2022/2050(INI)

Motion for a resolution
Paragraph 17 i (new)
17 i. Welcomes the importance of situational awareness and strategic foresight rooted in intelligence-based capacities within the Strategic Compass; stresses the significance of accurate and timely intelligence for effective decision- making and crisis management by EU agencies, bodies and institutions; calls for the institution of intelligence units in all CSDP missions and operations which would provide information to the EU Intelligence and Analysis Centre (EU IntCen), EUMS and Civilian Planning and Conduct Capability (CPCC); underlines the importance of secure communications for reliable intelligence and welcomes efforts to streamline security rules and regulations in this respect to better protect information, infrastructure and communication systems from foreign interference and attacks; calls on Member States to utilise the EU IntCen as an effective intelligence-sharing body to share intelligence safely, formulate a common strategic culture and provide strategic information to better anticipate and respond to crises within and outside the EU;
2022/10/10
Committee: AFET
Amendment 400 #

2022/2050(INI)

Motion for a resolution
Paragraph 18 a (new)
18 a. Denounces the lack of initiatives to prevent Turkish aggression against the Republic of Cyprus, Greece, Syria, Iraq and Armenia, as well as Turkey's ongoing genocidal acts against 18 million Kurds in Turkey, Syria and Iraq;
2022/10/10
Committee: AFET
Amendment 407 #

2022/2050(INI)

Motion for a resolution
Paragraph 19
19. Underlines the fundamental shared democratic values at the heart of the EU and NATO; calls for the deepening of EU- NATO relations, such as throughon the basis of the principles of inclusiveness, reciprocity, mutual openness and transparency, in compliance with the decision-making autonomy and procedures of our respective organisations and without prejudice to the specific character of the security and defence policy of any of our members; in this context, underlines the importance of a third Joint EU-NATO Declaration; underlines the need to strongly upgrade the strategic partnership with NATO to base it on the strengthening of political unity and solidarity and enhanced political dialogue on all aspects of common challenges and strategically relevant issues; encourages coordinated responses in conflict prevention and crisis management mechanisms to counter emerging common threats; notes with concern the deep and persistent periods of tension between EU Member States and Turkey, a NATO ally, which hamper cooperation between the EU and NATO;
2022/10/10
Committee: AFET
Amendment 423 #

2022/2050(INI)

Motion for a resolution
Paragraph 20 a (new)
20 a. Welcomes Member States' announcements concerning defence investment plans aimed at military procurement and improvement of their defence forces, strengthening further European security and increasing open strategic autonomy; reiterates the importance of joint procurement of military hardware by EU Member States to enable the purchase of interoperable capabilities, facilitate cost savings, contribute to efficient public spending and avoid competition for the same products;
2022/10/10
Committee: AFET
Amendment 424 #

2022/2050(INI)

Motion for a resolution
Paragraph 20 b (new)
20 b. Stresses the importance of Finland’s and Sweden’s applications to join NATO and their rapid ratification by NATO Allies in order to enhance European security and defence; underscores the significance of close cooperation with NATO allies; emphasises the need to maintain focus on improving common defence capabilities and strategic culture within the EU and addressing the security and defence concerns of Member States which are not part of NATO;
2022/10/10
Committee: AFET
Amendment 426 #

2022/2050(INI)

Motion for a resolution
Paragraph 21
21. Emphasises the importance of developing coherent, complementary and interoperable defence capabilities to increase the security of the Euro-Atlantic area in line with the principle of the single set of forces; calls for the EU and NATO to maintain global technological leadership in military capabilities; stresses the need to ensure coherence between EU and NATO capability development planning processes; underlines the need for the EU to develop its own defence capabilities and strategic autonomy in order to enhance EU’s capacity to be a stronger partner to its allies;
2022/10/10
Committee: AFET
Amendment 439 #

2022/2050(INI)

Motion for a resolution
Paragraph 22
22. Welcomes the participation of the US, Canada and Norway in the PESCO project on military mobility as important to increase coherence between EU and NATO capability development efforts; welcomes the EU-NATO Structured Dialogue on Military Mobility; calls for the strengthening of the Connecting Europe Facility regarding projects in military mobility;
2022/10/10
Committee: AFET
Amendment 447 #

2022/2050(INI)

Motion for a resolution
Paragraph 24
24. Urges institutionalised security and defence cooperation with the United Kingdom; encourages the United Kingdom to seriously engage with the EU on pressing strategic challenges; encourages the VP/HR to invite the United Kingdom to informal Council meetings of foreign affairs (and defence) ministers to exchange views on issues of common concern;
2022/10/10
Committee: AFET
Amendment 472 #

2022/2050(INI)

Motion for a resolution
Paragraph 26 a (new)
26 a. Underlines the importance of a thorough assessment of applications for authorisation to export technology and military equipment, in accordance with the criteria set out in the Common Position 2008/944/CFSP as amended by Council Decision (CFSP) 2019/1560; notes that Council Decision(CFSP) 2019/1560 and the corresponding conclusions of 16 September 2019 demonstrate the need for awareness among Member States of the need for greater transparency and convergence at the national and European level on arms exports, especially in anticipation of a period of increased defence spending; welcomes the efforts made to increase transparency and the public and parliamentary scrutiny of arms exports; calls for joint efforts to improve risk assessments, end user checks and post- shipment verifications;
2022/10/10
Committee: AFET
Amendment 477 #

2022/2050(INI)

Motion for a resolution
Paragraph 26 b (new)
26 b. Is of the firm view that, as the EU is increasingly ambitious on defence issues, there is a need for greater convergence and consistency in the Member States’ arms export policies; calls on Member States to fully comply with Common Position 2008/944/CFSP on common rules governing control of exports of military technology and equipment as it has been amended by Council Decision(CFSP)2019/1560, and to strictly implement criterion 4 on regional stability and halt any export of military equipment that could be used against other EU Member States; calls for a sanctions mechanism to be put in place against Member States that do not comply with the Common Position; calls for a consultation mechanism to be put in place among Member States to assess compliance with the Common Position;
2022/10/10
Committee: AFET
Amendment 479 #

2022/2050(INI)

Motion for a resolution
Paragraph 26 c (new)
26 c. Recalls that Member States committed to strong national positions regarding their arms export policy to Turkey on the basis of the provisions of Common Position 2008/944/CFSP, including the strict application of criterion 4 on regional stability; reiterates its calls on the VP/HR, for as long as Turkey continues with its current illegal, unilateral actions and military presence in the Eastern Mediterranean that run counter to the sovereignty of any Member State (notably Greece and Cyprus) and international law, and does not engage in dialogue based on international law, to introduce an initiative in the Council for all Member States to halt arms export for all types of military equipment, including weapons, weapons for dual-use goods and know-how, to Turkey in accordance with the Common Position;
2022/10/10
Committee: AFET
Amendment 480 #

2022/2050(INI)

Motion for a resolution
Paragraph 26 d (new)
26 d. Laments the use of Russian hypersonic missiles in Ukraine; believes that the European Union should contribute to preventing an international hypersonic missile arms race; suggests an in-depth threat assessment of the use of hypersonic missiles and the dangers they pose to the security of the EU; calls for increased funding in missile defence systems capable to detect, track and intercept hypersonic missiles;
2022/10/10
Committee: AFET
Amendment 481 #

2022/2050(INI)

Motion for a resolution
Paragraph 26 e (new)
26 e. Condemns the suspected sabotage on the Nord Stream pipelines in the Baltic Sea on 26 September and demands that the Union takes effective measures to protect European critical infrastructure, valuable supply chains and democratic institutions from hybrid threats; calls on the EU to put in place effective monitoring and surveillance systems for critical infrastructure such as pipelines and fibre optics cables to ensure the prevention and rapid detection of attacks; welcomes the proposed update of the EU Maritime Security Strategy in the Strategic Compass and stresses the importance of including the protection of undersea infrastructure, such as pipelines and fibre optics cables, as a priority;
2022/10/10
Committee: AFET
Amendment 482 #

2022/2050(INI)

26 f. Reaffirms its full support for the EU and its Member States’ commitment to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) as the cornerstone of the nuclear non- proliferation and disarmament regime; insists on the need to ensure that the EU plays a strong and constructive role in developing and reinforcing global rules- based non-proliferation efforts and arms control and disarmament architecture; expresses deep concern that no outcome was reached at the Tenth Review Conference of the Parties to the Treaty on the NPT due to Russia's unwillingness to join the consensus; considers this as yet another example of Russia’s blatant disregard for the multilateral nuclear non-proliferation order; strongly condemns unlawful and reckless actions of the Russian military forces at and around the Zaporizhzhia nuclear plant;
2022/10/10
Committee: AFET
Amendment 496 #

2022/2050(INI)

Motion for a resolution
Paragraph 27 – indent 4
- reinforcing inter-parliamentary dialogue and cooperation with national parliaments on European security and defence, including through the Inter- Parliamentary Conference on CFSP/CSDP, with the aim of reinforcing accountability and scrutiny of security and defence policy;
2022/10/10
Committee: AFET
Amendment 500 #

2022/2050(INI)

Motion for a resolution
Paragraph 27 a (new)
27 a. Stresses the importance of meaningful involvement of the civil society in the formulation and oversight over CSDP;
2022/10/10
Committee: AFET
Amendment 7 #

2022/2037(INI)

Motion for a resolution
Citation 7 a (new)
— having regard to the IMF´s 2022 World Economic Outlook,
2022/10/14
Committee: ECON
Amendment 17 #

2022/2037(INI)

Motion for a resolution
Citation 13 a (new)
— having regard the European Parliament resolution of 19 May 2022 on the social and economic consequences for the EU of the Russian war in Ukraine – reinforcing the EU’s capacity to act (2022/2653(RSP)),
2022/10/14
Committee: ECON
Amendment 18 #

2022/2037(INI)

Motion for a resolution
Citation 13 b (new)
— having regard the European Pillar of Social Rights,
2022/10/14
Committee: ECON
Amendment 29 #

2022/2037(INI)

Motion for a resolution
Recital C
C. whereas according to the ECB projections of September 2022, headline inflation is expected to fall from 8.1 % in 2022, 5,5% in 2023 to 2.3 % in 2024;
2022/10/14
Committee: ECON
Amendment 56 #

2022/2037(INI)

Motion for a resolution
Paragraph 1
1. Is deeply concerned by the unprovoked Russian invasion of Ukraine and by its repercussions for the European economyserious, long-lasting and unpredictable repercussions for the European economy and society, especially for the most exposed and vulnerable groups, such as lower-income households and SMEs;
2022/10/14
Committee: ECON
Amendment 59 #

2022/2037(INI)

Motion for a resolution
Paragraph 1 a (new)
1 a. Understands the current challenges, uncertainty and complex environment to drive the monetary policy. Notes that ECB has limited tools or influence to address an high inflation trend that is mainly supply driven. Welcomes the assurance by the ECB and its members to be ready to take the actions needed to safeguard financial stability;
2022/10/14
Committee: ECON
Amendment 61 #

2022/2037(INI)

Motion for a resolution
Paragraph 1 b (new)
1 b. Calls for ECB to make full use of the current policy tools at its disposal and consider all unconventional monetary policy instruments and flexibility within its mandate to ensure financial and macroeconomic stability and provide enough liquidity to serve the real economy and financial system;
2022/10/14
Committee: ECON
Amendment 65 #

2022/2037(INI)

Motion for a resolution
Paragraph 2
2. Highlights that the statutory independence of the ECB, as laid down in the Treaties, is a prerequisite for it to fulfil its mandate; Highlights that central bank independence should be accompanied by a corresponding level of accountability;
2022/10/14
Committee: ECON
Amendment 69 #

2022/2037(INI)

Motion for a resolution
Paragraph 3
3. Welcomes the Republic of Croatia as the 20th member country of the euro area; Calls on ECB for an adequate reflection on how to apply the current euro accession criteria during extraordinary, disruptive and uncertain events, such as Ukraine conflict, in order to proceed with Economic and Monetary Union integration. Calls on the ECB to promote the benefits of adopting the euro as an incentive for other non-euro members to join or speed up their efforts for future accession;
2022/10/14
Committee: ECON
Amendment 86 #

2022/2037(INI)

Motion for a resolution
Paragraph 4 b (new)
4 b. Stresses that sustainable growth, resilience and price stability cannot be achieved by monetary policy alone and that supportive and discretionary fiscal policy and socially balanced and productivity-enhancing reforms and investments are also necessary;
2022/10/14
Committee: ECON
Amendment 95 #

2022/2037(INI)

Motion for a resolution
Paragraph 5
5. Welcomes President Lagarde’s statement that the current geopolitical crisis requires us to progress on EU fiscal integration; recalls that the Economic and Monetary Union cannot function smoothly without a fiscal capacity at European level to respond to externalcapable of providing a counter-cyclical stabilisation function and timely and adequate support in the event of economic shocks;
2022/10/14
Committee: ECON
Amendment 97 #

2022/2037(INI)

Motion for a resolution
Paragraph 5 a (new)
5 a. Highlights that monetary and fiscal policies should work together to help households and businesses most affected by the pandemic and the Russian war of aggression against Ukraine;
2022/10/14
Committee: ECON
Amendment 98 #

2022/2037(INI)

Motion for a resolution
Paragraph 5 b (new)
5 b. Recalls on the lessons learned and success of new EU instruments such as SURE and the design and operating model of the Recovery and Resilience Facility (RRF), that are currently on EU´s toolbox. Underlines the role of SURE model for short term and targeted interventions and the RRF as a long-term investment capacity to support structural strategic investments in Europe;
2022/10/14
Committee: ECON
Amendment 99 #

2022/2037(INI)

Motion for a resolution
Paragraph 5 c (new)
5 c. Calls for support to develop and complete the unfinished infrastructure for the common currency, namely to deepen and complete the Economic and Monetary Union (EMU), the Banking Union and the Capital Markets Union (CMU). Given the uncertain impact of a deeper economic downturn with spillovers to the banking system, is concerned about the risks caused by the serious delay in completing the third pillar of the banking union and repeats its calls for its swift completion; welcomes the ECB’s long- standing support of the establishment of a fully-fledged European Deposit Insurance Scheme (EDIS);
2022/10/14
Committee: ECON
Amendment 100 #

2022/2037(INI)

Motion for a resolution
Paragraph 5 d (new)
5 d. Calls on the ECB to explore ways of strengthening the international role of the euro; notes that making the euro more attractive as a reserve currency will further enhance its international use; stresses that the creation of a well- designed European safe asset could facilitate financial integration and help mitigate the negative feedback loops between sovereigns and the domestic banking sectors; Underlines that strengthening the role of the euro requires the deepening and completion of the European economic and monetary union, including the creation of instruments of the nature of Next Generation EU, which enhance the EU budget;
2022/10/14
Committee: ECON
Amendment 106 #

2022/2037(INI)

Motion for a resolution
Paragraph 6
6. Echoes President Lagarde’s call for a swift revision and simplification of the Stability and Growth Pact; Recalls that the upcoming revision of the economic governance framework has to provide the EU with stable, transparent, credible and flexible rules that could be implemented and respected by all Member States. Recalls that fiscal rules are essential for the proper functioning of the EU and should be respected. Recalls that rules should be applied in an intelligent way and within a flexible framework that adapts quickly to changes with the proper democratic accountability. The new framework should promote growth and ensure a better balance between sustainability and stabilisation. Notes that the new Transmission Protection Instrument (TPI) is now linked with the EU fiscal rules and its activation requires sustainable economic policies and compliance with the EU fiscal framework;
2022/10/14
Committee: ECON
Amendment 113 #

2022/2037(INI)

Motion for a resolution
Paragraph 7
7. Is alarmed that euro area inflation has continued to rise and has reached undesirably high levels; stresses that headline inflation rose to a record 9.1 % in August 2022; stresses that energy is by far the most significant driver of inflation (38.3 %), followed by food prices (10.6 %); Notes that ECB forecasts an headline inflation of 8% in 2022, 5,5% in 2023 and 2,8% in 2024, with risks on the upside due to disruptions in the supply of energy;
2022/10/14
Committee: ECON
Amendment 128 #

2022/2037(INI)

Motion for a resolution
Paragraph 8
8. Takes note of recent ECB monetary policy decisions to raise rates by 50 and 75 basis points in July and September 2022; is concerned about the implications of such policy decisions for growth and employment; Calls for a reflection of a more balanced and gradual adjustment of policy instead of a large and fast upfront tightening. Notes that latest economic and financial indicators point that EU economy is likely heading towards a worse than expected recession with the risk of a wide negative social impact with only moderate effect on the inflation rate. Calls for a more insight update and justification of the future policy rate decisions, given the current situation and high level of uncertainty;
2022/10/14
Committee: ECON
Amendment 142 #

2022/2037(INI)

Motion for a resolution
Paragraph 9
9. Observes that there is little evidence that rising inflation is spurring a wage-price spiral, not least given the extent of wage restraint in recent years; Notes that the IMF, in its 2022 World Economic Outlook, concluded that, on average, the risks of a wage spiral are limited, so far. Notes that IMF underlines that three main drivers are containing the risks: the shocks to inflation are coming from outside the labor market, falling real wages are helping to reduce price pressures, and central banks are aggressively tightening monetary policy;
2022/10/14
Committee: ECON
Amendment 154 #

2022/2037(INI)

Motion for a resolution
Paragraph 10
10. Recalls that the ECB strategy review reconfirmed the medium-term orientation of inflation targeting; calls on the ECB to faithfully target this medium- term horizon; Calls on the ECB to monitor attentively price developments and its consequences. Highlights the need to inform about where neutral interest rate is setting;
2022/10/14
Committee: ECON
Amendment 175 #

2022/2037(INI)

12. Stresses that an even transmission of monetary policy is vital to the achievement of the ECB’s price stability mandate; notWelcomes the ECB’s decision on 15 June 2022 to apply flexibility in reinvesting redemptions that are due under the pandemic emergency purchase programme; welcomes the launch of the Transmission Protection Instrument to ECB´s toolkit to support the effective transmission of monetary policy across the euro area and normalise the monetary policy; Notes that compliance with the EU fiscal framework is pre-requisite for TPI´s activation; Calls on ECB to take into account that the general escape clause is activated; Calls for a more clear TPI´s framework and rules of procedure when the general escape clause is activated;
2022/10/14
Committee: ECON
Amendment 183 #

2022/2037(INI)

Motion for a resolution
Paragraph 13
13. Notes with concern that the combination of cheap targeted longer-term refinancing operations (TLTROs) and higher interest rates allow European banks to earn billions in extra profit; regrets the fact that the ECB has not yet addressed this issue and the risk of generating another “excess profit” case in EU with damaging social impact ; regrets the fact that the ECB has not yet addressed this issue and calls for concrete proposals to prevent excess profits in the banking system;
2022/10/14
Committee: ECON
Amendment 188 #

2022/2037(INI)

Motion for a resolution
Paragraph 13 a (new)
13 a. Calls on the lessons learned from the ongoing and previous crises to prepare for the upcoming assessment of monetary policy strategy in 2025. Calls for an earlier assessment, if possible, given the extraordinary impact of the current crisis on the future of monetary policy making and ECB mandate. Reflects on the commitment to symmetry, if price stability is best maintained by aiming for 2% inflation over the medium term and the challenges of monetary policy when disruptive supply side driven inflation is at stake;
2022/10/14
Committee: ECON
Amendment 201 #

2022/2037(INI)

Motion for a resolution
Paragraph 14
14. Recalls that the Treaty on the Functioning of the European Union requires the ECB to support the general economic policies of the Union; which include balanced and sustainable economic growth, highly competitive social market economy aiming at full employment and social progress and convergences and a high level of protection and improvement of the quality of the environment, underlines that sustainable development, convergence, full employment and social progress are general objectives of the Union as defined in Article 3 of the TFEU;
2022/10/14
Committee: ECON
Amendment 211 #

2022/2037(INI)

Motion for a resolution
Paragraph 15
15. Calls on the ECB to coordinate with the European Parliament to specify theand how to implement the ECB´s secondary objectives; suggests taking advantage of this resolution to specify and prioritise the policy areas where the ECB is expected to deliver on the basis of its secondary objectives; calls on the ECB to elaborate in its Annual Report the impact its monetary policy may have had on the general economic policies of the Union;
2022/10/14
Committee: ECON
Amendment 221 #

2022/2037(INI)

Motion for a resolution
Paragraph 16 a (new)
16 a. Highlights that investments needed to enhance EU´s autonomy in strategic sectors should be supported by the monetary policy and are key to protect EU from external shocks and reduce the risks for price stability from supply-side shocks;
2022/10/14
Committee: ECON
Amendment 222 #

2022/2037(INI)

Motion for a resolution
Paragraph 16 b (new)
16 b. Recalls for the important role of ECB in supporting the implementation of the European Pillar of Social Rights;
2022/10/14
Committee: ECON
Amendment 227 #

2022/2037(INI)

Motion for a resolution
Paragraph 17
17. Underlines the pivotal role of small and medium-sized enterprises (SMEs) in the EU’s economy and economic and social convergence and employment and for the implementation of the twin transitions (digital and climate);
2022/10/14
Committee: ECON
Amendment 239 #

2022/2037(INI)

Motion for a resolution
Paragraph 19
19. Considers that the ECB should contribute to reducing inequality; calls on the ECB to ensure that the costs of its monetary policy operations are not disproportionately borne by lower income strata; invites the ECB to assess the effects of its monetary policy decisions on employmentCalls for an assessment on the impact of the monetary policy decisions on these most vulnerable groups; invites the ECB to assess the effects of its monetary policy decisions on employment; Notes that the ECB strategy review showed that adverse events lower the consumption of poorer households more than that of richer ones, that takes longer for the employment prospects of poorer households to recover following such events and that keeping monetary policy expansionary for longer can help poorer households’ income to rise to higher levels in a more sustained manner and thereby avoid hysteresis;
2022/10/14
Committee: ECON
Amendment 251 #

2022/2037(INI)

Motion for a resolution
Paragraph 20
20. Highlights the ECB role to finance the climate transition and green agendas. Stresses that addressing the climate emergency and the euro area’s dependence on fossil fuels touches not only upon the ECB’s secondary mandate, but also its primary mandate, given the serious threat these issues pose to price stability;
2022/10/14
Committee: ECON
Amendment 259 #

2022/2037(INI)

Motion for a resolution
Paragraph 21
21. Welcomes the Governing Council’s decision to take further steps to include climate change considerations in the Eurosystem’s monetary policy framework; Welcomes the launch of the scoreboard for green bonds;
2022/10/14
Committee: ECON
Amendment 281 #

2022/2037(INI)

24. Regrets that the climate roadmap does not include greening of the ECB’s targeted long-term refinancing operations; stresses that providing cheapfavourable liquidity conditions to financial institutions investing in browncarbon intensive activities works against the fight against inflation and is not consistent with the objectives of the Paris Agreement;
2022/10/14
Committee: ECON
Amendment 290 #

2022/2037(INI)

Motion for a resolution
Paragraph 25
25. Is concerned about the implications of higher interest rates for greenstrategic and sustainable investments; calls on the ECB to assess the possibility of applying differentiated rates to support green investments and disincentivise brown investmentthat contribute most to reducing inflationary pressures, such as those in energy efficiency and renewables;
2022/10/14
Committee: ECON
Amendment 301 #

2022/2037(INI)

Motion for a resolution
Paragraph 26
26. Welcomes the ECB’s economy wide climate risk stress test aimdeveloped ato assessing the climate risk preparedness of the European banking sectorresilience of banks and corporations for climate transition ; is concerned that the results published on 8 July 2022 show that banks do not have robust climate risk stress-testing frameworks and lack the relevant data; calls on the ECB to use all its available tools to ensure that banks take climate risk seriously;
2022/10/14
Committee: ECON
Amendment 305 #

2022/2037(INI)

Motion for a resolution
Paragraph 27
27. Stresses the need to further enhance the ECB’s accountability and transparency arrangements; Recognises the steps taken by the ECB; Calls for the relaunch of negotiations on a formal Inter- Institutional agreement, whilst ensuring the ECB’s independence which goes hand in hand with its accountability;
2022/10/14
Committee: ECON
Amendment 324 #

2022/2037(INI)

Motion for a resolution
Paragraph 31
31. Welcomes the ECB’s progress on the digital euro project, as well as the dialogue with Parliament in this regard; looks forward to the Governing Council reaching a decision on launching the digital euro; Calls on the ECB to effectively address the expectations and concerns on a digital euro which include concerns for privacy, security, usability, low cost and accessibility. Calls on the ECB to step up its monitoring of the development of crypto-currencies and the related risks in terms of cybersecurity, money laundering, terrorism financing and other criminal activities related with the anonymity provided by crypto-assets;
2022/10/14
Committee: ECON
Amendment 333 #

2022/2037(INI)

Motion for a resolution
Paragraph 31 a (new)
31 a. Calls for Enhancement of the ECB’s internal whistleblowing framework;
2022/10/14
Committee: ECON
Amendment 337 #

2022/2037(INI)

Motion for a resolution
Paragraph 31 b (new)
31 b. Calls for ECB to create an internal evaluation office for ex post assessment of its policy decisions;
2022/10/14
Committee: ECON
Amendment 339 #

2022/2037(INI)

Motion for a resolution
Paragraph 31 c (new)
31 c. Welcomes the new communications policy, with more accessible ways to explains and presents ECB policy decision to general public and stakeholders. Given the current negative impact of tightening of the monetary policy on household budgets and companies investment plans, suggests reinforcement of ECB´s communication on financial advices on how families and business could better manage and prepare for an higher interest rates environment;
2022/10/14
Committee: ECON
Amendment 160 #

2022/2007(INI)

Motion for a resolution
Paragraph 1 – point f
(f) Pursue an active EU role in facilitating dialogue and cooperation among all the countries of the Southern and Eastern Mediterranean that have relevant natural gas reserves, promoting, where necessary, the capacity for understanding and final settlements on maritime border demarcation in accordance with international law, including the United Nations Convention on the Law of the Sea (UNCLOS), and further promoting the interconnection capacity between countries in the Southern and Eastern Mediterranean that produce natural gas and the European Union, through relevant EU hubs and considering, in particular, adequate pipeline, harbour and regasification infrastructures and technology both in the EU and in Southern Neighbourhood countries for the benefit of all producer countries and all Member States; notes, in this regards, that the East Mediterranean Gas Forum (EMGF) serves as a platform of positive regional cooperation;
2022/05/20
Committee: AFET
Amendment 3 #

2022/2006(INI)

Motion for a resolution
Citation 14 a (new)
— having regard to the Commission Communication of 27 May 2020 entitled ‘Europe’s moment: Repair and Prepare for the Next Generation’ (COM(2020)456),
2022/01/20
Committee: ECON
Amendment 4 #

2022/2006(INI)

Motion for a resolution
Citation 15 a (new)
— having regard to the Commission Communication of 4 March 2021 entitled ‘The European Pillar of Social Rights Action Plan’ (COM(2021)102),
2022/01/20
Committee: ECON
Amendment 5 #

2022/2006(INI)

Motion for a resolution
Citation 15 b (new)
— having regard to the Porto Social Commitment of 7 May 2021 of the Council, the Commission, the Parliament and social partners,
2022/01/20
Committee: ECON
Amendment 7 #

2022/2006(INI)

Motion for a resolution
Citation 17 a (new)
— having regard to the Commission Staff Working Document of 27 May 2020 ‘Identifying Europe’s recovery needs’,
2022/01/20
Committee: ECON
Amendment 8 #

2022/2006(INI)

Motion for a resolution
Citation 19 a (new)
— having regard to its resolution of 6 June 2021 entitled ‘European Parliament’s Scrutiny on the ongoing assessment by the Commission and the Council of the national recovery and resilience plans’,
2022/01/20
Committee: ECON
Amendment 10 #

2022/2006(INI)

Motion for a resolution
Recital A
A. whereas the European Semester plays an important role in coordinating economic, employment, social and budgetary policies in the Member States, thereby safeguarding the macroeconomic stability of the Economic and Monetary Union; whereas the Semester has been expanded to include, among other aspects, issues related to the financial sector and taxation, as well as objectives of the UN SDGs;
2022/01/20
Committee: ECON
Amendment 18 #

2022/2006(INI)

Motion for a resolution
Recital B
B. whereas according to the Commission’s autumn economic forecast, the GDP growth rate for 2022 is expected to be 4.3 % of GDP per capita for both the euro area and the EU-27, but is expected to fall to 2.4 % and 2.5 % respectively in 2023;
2022/01/20
Committee: ECON
Amendment 27 #

2022/2006(INI)

Motion for a resolution
Recital D
D. whereas the crisis caused by the COVID-19 pandemic led to an increase in social, territorial, economic and gender- based inequalities and unemployment, affecting vulnerable groups in particular;
2022/01/20
Committee: ECON
Amendment 31 #

2022/2006(INI)

Motion for a resolution
Recital D a (new)
Da. whereas a determined, coordinated and solidarity-based European economic policy approach remains essential to foster EU economic integration and to mitigate the negative economic and social consequences of the crisis, the fragmentation of the internal market and the further deepening of macroeconomic divergence and structural polarisation between regions and countries;
2022/01/20
Committee: ECON
Amendment 37 #

2022/2006(INI)

Motion for a resolution
Recital E
E. whereas according to the Commission’s autumn economic forecast, the average rate of unemployment fell to 7.9 % in the euro area and 7.1 % in the EU- 27 in 2021, with further decreases to 7.5 % and 6.7 % expected in 2022; whereas young people have experienced the sharpest increase in unemployment;
2022/01/20
Committee: ECON
Amendment 38 #

2022/2006(INI)

Motion for a resolution
Recital E a (new)
Ea. whereas according to the Commission’s autumn economic forecast, general government deficit narrowed slightly in 2021 to 7.1 % of GDP in the euro area and 6.6 % in the EU-27 on the back of the still high and necessary level of support provided to households and firms; whereas it is forecasted to decrease to 3.9% and 3.6% respectively in 2022, thanks to the unwinding of the emergency support measures and the rebound in revenues;
2022/01/20
Committee: ECON
Amendment 39 #

2022/2006(INI)

Motion for a resolution
Recital E a (new)
Ea. whereas the European recovery is being robust and strong but supply disruptions, labour shortages, pandemic- related closures, rising energy and commodity prices and a scarcity of some key materials risk of holding back growth and adding to cost pressures;
2022/01/20
Committee: ECON
Amendment 41 #

2022/2006(INI)

Motion for a resolution
Recital E b (new)
Eb. whereas the EU is estimated to lose between €160 and €190 billion each year due to corporate tax avoidance10a; __________________ 10a https://www.europarl.europa.eu/RegData/ etudes/STUD/2016/558776/EPRS_STU(2 016)558776_EN.pdf
2022/01/20
Committee: ECON
Amendment 47 #

2022/2006(INI)

Motion for a resolution
Recital F a (new)
Fa. whereas during the Porto Social Summit held on 7 and 8 May 2021, the EU’s leaders recognised the European Pillar of Social Rights as a fundamental element of the recovery; whereas in the Porto declaration they underlined their determination to continue deepening its implementation at EU and national level;
2022/01/20
Committee: ECON
Amendment 48 #

2022/2006(INI)

Motion for a resolution
Recital F a (new)
Fa. whereas the efforts of a transition to a neutral carbon economy demand significant public and private investment and may bring negative supply shocks, thereby demanding that the Union is equipped with the necessary tools to be able to deal with challenges of the green transition;
2022/01/20
Committee: ECON
Amendment 52 #

2022/2006(INI)

Motion for a resolution
Recital F b (new)
Fb. whereas the EU and its Member States have committed to the Treaty-based fundamental values, the implementation of the UN 2030 Agenda, the European Pillar of Social Rights and the Paris Climate Agreement;
2022/01/20
Committee: ECON
Amendment 55 #

2022/2006(INI)

Motion for a resolution
Recital F c (new)
Fc. whereas the ECB predicted that a lack of action on climate change and an insufficiently orderly climate transition could result in falls of up to 20% in global GDP by the end of the century10b; __________________ 10b https://www.ecb.europa.eu/pub/pdf/other/ ecb.climateriskfinancialstability202107~8 7822fae81.en.pdf
2022/01/20
Committee: ECON
Amendment 69 #

2022/2006(INI)

Motion for a resolution
Paragraph 2
2. Is concerned about emerging new variants, localised pandemic lockdowns, increased energy prices, inflationary pressures, supply-side disruptions and emerging labour shortages; notes that these risks create a significant level of uncertainty and could hamper economic growth prospects in the coming months and delay the transition to a more sustainable and future-proof economy;
2022/01/20
Committee: ECON
Amendment 76 #

2022/2006(INI)

Motion for a resolution
Paragraph 2 a (new)
2a. Stresses that both public and private sector investment were already clearly insufficient before the crisis, and that the projections reveal the need for additional annual public investment in the three digit billion rang to address the challenges of digital transformation, green and just transition and social recovery; underlines that an increased level of investment must be stabilised and upward convergence in the EU enhanced for many years to come;
2022/01/20
Committee: ECON
Amendment 78 #

2022/2006(INI)

Motion for a resolution
Paragraph 2 b (new)
2b. Points out that restoring the growth potential will be a key element for the structural transformations needed to adapt to current and future challenges and to achieve the EU’s policy objectives;
2022/01/20
Committee: ECON
Amendment 82 #

2022/2006(INI)

Motion for a resolution
Paragraph 3
3. Is alerted by the fact that the speed of the recovery varies across Member States and regions, with significant differences and a disparity of between 2.7 % and 14.6 % betweenin GDP growth among the Member States in 2021, according to the Commission’s autumn economic forecast;
2022/01/20
Committee: ECON
Amendment 98 #

2022/2006(INI)

Motion for a resolution
Paragraph 5
5. Points out that the successful roll- out of the RRF will help to make EU economies and societies more sustainable, inclusive, resilient and better prepared for the just, green and digital transitions; as well as to foster economic, social and territorial cohesion, bring convergence and help the Member States to mitigate the economic and social impact of the crisis;
2022/01/20
Committee: ECON
Amendment 107 #
2022/01/20
Committee: ECON
Amendment 110 #

2022/2006(INI)

Motion for a resolution
Paragraph 6
6. Notes that the general escape clause of the Stability and Growth Pact will continue to be applied in 2022 and is expected to be deactivated as of 2023; expects that it will remain activated as long as the underlying justification of the activation exists in order to support the efforts of the Member States to recover from the pandemic crisis and strengthen their competitiveness, as well as economic and social resilience;
2022/01/20
Committee: ECON
Amendment 120 #

2022/2006(INI)

Motion for a resolution
Paragraph 7
7. Believes that the review of the EU’s economic governance framework is necessary and should be done taking into account the Report on the review of the macroeconomic legislative framework for a better impact on Europe’s real economy and improved transparency of decision- making and democratic accountability; agrees with the European Fiscal Board on the importance of having a clear pathway towards a reviewed fiscal framework, preferably prior to the deactivation of the general escape clause;
2022/01/20
Committee: ECON
Amendment 138 #

2022/2006(INI)

Motion for a resolution
Paragraph 8
8. Is convinced that the coordination of national fiscal policies remains crucial in underpinning the recovery; notes that the overall fiscal stance, taking into account national budgets and the RRFexpected acceleration in spending financed by RRF grants, is projected to remain supportive in 2022 to sustain the recovery and should remain supportive as long as necessary; agrees with the Commission that Member States with low or medium levels of debt should pursue or maintain a supportive fiscal stance, and that Member States with high levels of debt should use the RRF to finance additional investment to support the recovery, while pursuing a prudent fiscalresponsible fiscal and sustainable policyies; agrees with the Commission that all Member States should preserve or broadly preserve their national financed investment and ensure a socially just recovery;
2022/01/20
Committee: ECON
Amendment 144 #

2022/2006(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Recalls that public funding is key to achieving the 2030 climate objectives and addressing other social and economic challenges; considers that all options to incentivise Member State investments to tackle those challenges should be on the table, notably the revision of the Stability and Growth Pact to promote a future- oriented economy and the extension of lending and borrowing capacities at Union level, building on NGEU;
2022/01/20
Committee: ECON
Amendment 145 #

2022/2006(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Underlines that sustainable public revenues are essential to guarantee fiscal sustainability; supports governments’ efforts to increase revenues through the closing of loopholes for tax avoidance, addressing harmful tax practices and the increasing of capital-gains, wealth and corporate income taxes;
2022/01/20
Committee: ECON
Amendment 149 #

2022/2006(INI)

Motion for a resolution
Paragraph 8 b (new)
8b. Recalls that the European Semester cycle is a well-established framework for EU Member States to coordinate their budgetary, economic, social and employment policies, and after the COVID-19 crisis, a functioning European Semester will be needed more than ever to coordinate these policies across the European Union; but also notes that the Semester, since the inception, has been expanded to include, among other aspects, issues related to the financial sector and taxation, as well as objectives of the European Pillar of Social Rights and the UN SDGs, giving due consideration to the people of our planet in our economic policy;
2022/01/20
Committee: ECON
Amendment 151 #

2022/2006(INI)

Motion for a resolution
Paragraph 8 c (new)
8c. Calls on the Commission to improve the European Semester process in order to create a governance framework that enables inclusive and sustainable growth, structural changes for a sustainable economy, integrating the principles of well-being and sustainability, and reflecting actual economic and budgetary realities of Member States;
2022/01/20
Committee: ECON
Amendment 152 #

2022/2006(INI)

Motion for a resolution
Subheading 3
Growth-enhancing, socially-balanced, inclusive and sustainable structural reforms and investment
2022/01/20
Committee: ECON
Amendment 163 #

2022/2006(INI)

Motion for a resolution
Paragraph 9
9. Considers that it is crucial to coordinate national reform and investment efforts and the exchange of best practices in order to increase the convergence and resilience of our economies, promote sustainable and inclusive growth, and improve institutional frameworks; in order to further strengthen economic and social resilience the EU must deliver on the principles of the European Pillar of Social Rights, the Sustainable Development Goals and the European Green Deal;
2022/01/20
Committee: ECON
Amendment 182 #

2022/2006(INI)

Motion for a resolution
Paragraph 10
10. Highlights that the RRF presents an unprecedented and unique opportunity for all Member States to address key structural challenges and investment needs andwhile embracing the just, green and digital transitions; insists that all recovery and resilience plans address all requirements of the RRF Regulation, in particular the six pillars, namely: green transition; digital transformation; smart, sustainable and inclusive growth; social and territorial cohesion; health, economic, social and institutional resilience; and policies for the next generation, children and the youth; highlights the interplay between the European Semester and the RRF; calls on the Member States to make the most of this opportunity and to use it to transform their economies and make them sustainable, more competitive and more resilient to future shocks; highlights the role of the European Parliament in the implementation of the RRF, as enshrined in the RRF Regulation;
2022/01/20
Committee: ECON
Amendment 189 #

2022/2006(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Invites the Commission and the Member States to draw conclusions from the RRF exercise and improve the mechanisms driving the economic governance framework especially when it comes to establishing a more transparent and democratic coordination process, defining underlying political guidelines, cooperation between the institutions and increased ownership of the Member States, developing the national reform programmes and implementing socially- balanced structural reforms;
2022/01/20
Committee: ECON
Amendment 194 #

2022/2006(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Calls on the Member States to build up the necessary administrative and monitoring capacity to provide the involvement of the general democratic public, firm guarantees of the proper use of funds and the respect for the principles of rule of law; calls on the European Commission to insist on the implementation of these measures;
2022/01/20
Committee: ECON
Amendment 201 #

2022/2006(INI)

Motion for a resolution
Paragraph 10 b (new)
10b. Is concerned that, without a coordinated effort to invest in the transition to a sustainable economy, European economies will suffer long- lasting damage, undermining any efforts to promote sustainable fiscal policies;
2022/01/20
Committee: ECON
Amendment 205 #

2022/2006(INI)

Motion for a resolution
Paragraph 11
11. Highlights that the COVID-19 pandemic has had a significant negative impact on women both in paid and unpaid work with far reaching consequences; emphasises the importance of increasing women’s participation in the economy, including inclusive participation in the digital economy and transformation, and ensuring more inclusive growth, ensuring equal pay for equal work and reducing the poverty gap as part of the solution to the post-pandemic recovery, which will help to increase jobs, economic prosperity and competitiveness across the EU; calls therefore on the Commission and the Council to ensure that gender equality and equal opportunities for all, and the mainstreaming of those objectives, are addressed effectively in the country- specific recommendations and promoted in the implementation of investment and reforms;
2022/01/20
Committee: ECON
Amendment 213 #

2022/2006(INI)

Motion for a resolution
Paragraph 11 a (new)
11a. Underlines that the recovery must be based on upward social and economic convergence, social dialogue and improved social rights and working conditions for workers, employees and the self-employed;
2022/01/20
Committee: ECON
Amendment 231 #

2022/2006(INI)

Motion for a resolution
Paragraph 13
13. Is concerned that the Commission identified macroeconomic vulnerabilities related to imbalances and excessive imbalances in 12 Member States; is worried that the nature and source of Member States’ imbalances remain largely the same as before the pandemic and that the pandemic could also be exacerbating imbalances and economic divergences; calls on the Member States to take advantage of the unprecedented opportunity provided by the RRF to significantly reduce existing macroeconomic imbalances, in particular by including ambitious reform measures in the national plans of all Member States; stresses that sound execution is essential to make full use of this opportunity;
2022/01/20
Committee: ECON
Amendment 247 #

2022/2006(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Invites the Commission to revamp the comprehensive economic policy response to the COVID-19 pandemic and to take the principles of NGEU as a basis for a modernisation of the common European fiscal architecture;
2022/01/20
Committee: ECON
Amendment 248 #

2022/2006(INI)

Motion for a resolution
Paragraph 14 b (new)
14b. Reiterates the European Parliament’s call for strengthening its democratic role in the economic governance framework;
2022/01/20
Committee: ECON
Amendment 249 #

2022/2006(INI)

Motion for a resolution
Paragraph 14 c (new)
14c. Calls for committed coordination with social partners and other relevant stakeholders at both national and European level, with a view to strengthening democratic accountability, transparency and enhancing social dialogue;
2022/01/20
Committee: ECON
Amendment 51 #

2022/0164(COD)

Proposal for a regulation
Recital 6
(6) The REPowerEU chapter should include new reforms and investments contributing to the REPowerEU aims and thereby tackling, in a comprehensive manner, the crisis effects determined by the Russian military aggression against Ukraine. In view of the social impact of persistently high and volatile energy prices and in recognition of principle 20 of the European Pillar of Social Rights, particular emphasis should be given to measures addressing and preventing forms of energy poverty, in particular through measures benefitting vulnerable households, low-income households and people affected by energy poverty. Furthermore, that chapter should contain an outline of other measures, financed from sources other than the Recovery and Resilience Facility, contributing to the energy-related objectives outlined in recital (3). The outline should cover measures whose implementation should take place between 1 February 2022 to 31 December 2026, the period during which the objectives set by this Regulation are to be achieved. As regards natural gas infrastructure, the investments and reforms of the REPowerEU chapters to diversify supply away from Russia should build on the needs currently identified through the assessment conducted and agreed by the European Network of Transmission System Operators for Gas (ENTSOG), established in the spirit of solidarity as regards security of supply and take into account the reinforced preparedness measures taken to adapt to new geopolitical threats. Finally, the REPowerEU chapters should provide an explanation and a quantification of the effects of the combination of the reforms and investments financed by the Recovery and Resilience Facility and the other measures financed by other sources than the Recovery and Resilience Facility.
2022/09/29
Committee: BUDGECON
Amendment 61 #

2022/0164(COD)

Proposal for a regulation
Recital 6 a (new)
(6 a) Gives particular consideration to remote, peripheral and isolated regions and islands, which, due to physical disconnection and their remoteness from the mainland, as well as certain market realities, already experience additional constraints.
2022/09/29
Committee: BUDGECON
Amendment 72 #

2022/0164(COD)

Proposal for a regulation
Recital 12
(12) Pursuant to Article 18(4) point (q) of Regulation (EU) 2021/241, the Member States should also provide a summary of the consultation process of local and regional authorities and other relevant stakeholder, the social partners as well as the NGOs and other relevant stakeholders relevant to reach the REPowerEU objectives, including, as relevant, from the agricultural sector, for reforms and investments included in the REPowerEU chapter. Such summaries should explain the outcome of those consultations and outline how the input received was reflected in REPowerEU chapters, which input was not reflected and for which reason and how the local and regional authorities and other relevant stakeholders will be involved in the implementation of the REPowerEU chapter and its monitoring.
2022/09/29
Committee: BUDGECON
Amendment 83 #

2022/0164(COD)

Proposal for a regulation
Recital 13
(13) The application of the ‘do no significant harm’ principle is essential to ensure that the investments and reforms undertaken as part of the recovery from the pandemic are implemented in a sustainable manner. It should continue to apply to the reforms and investments supported by the Facility, with one targeted exemption to safeguard the EU’ immediate energy security concerns. Considering the objective of diversifying energy supplies away from Russian suppliers, the reforms and investments set out in those REPowerEU chapters which aim to improve energy infrastructure and facilities to meet immediate security of supply needs for oil and gas should not be required to comply with the principle of ‘do no significant harm’ and should therefore be exempted from suchthis assessment but submitted to a specific procedure as referred to in article 21c point 4 of this Regulation.
2022/09/29
Committee: BUDGECON
Amendment 97 #

2022/0164(COD)

Proposal for a regulation
Recital 15 a (new)
(15 a) The Commission adopted a proposal for a Council regulation on an emergency intervention to address high energy prices that includes a solidarity contribution for the fossil industry applicable in all Member States. 15% of the revenue generated by this new contribution shall be made available in the form of external assigned revenue for the benefit of the REPowerEU Chapters.
2022/09/29
Committee: BUDGECON
Amendment 103 #

2022/0164(COD)

Proposal for a regulation
Recital 16 a (new)
(16 a) For the allocation of the maximum financial contributions stemming from the new revenue for the REPowerEU chapters, the Commission should propose updated indicators to the methodology set out in [Annexes I / II /II] to take into account of the new geopolitical situation and changed circumstances Such indicators could take into account, among others, the percentage of households at risk of poverty with arrears on utility bills of the EU-27.
2022/09/29
Committee: BUDGECON
Amendment 119 #

2022/0164(COD)

Proposal for a regulation
Recital 22
(22) Recent geopolitical events have affected prices of energy and construction materials and have also caused shortages in the global supply chains. These developments may have a direct impact on the capacity to implement some investments included in the recovery and resilience plans. To the extent that Member States can demonstrate that such developments make a specific milestone or target, either totally or partially, no longer achievable, such situations may be invoked as objective circumstances under Article 21. Moreover, to the extent that Member States can demonstrate that the developments from the Russian military aggression against Ukraine increased the level of importance of certain components in respect to others, the related adjustments in terms of reforms and investments, and related milestones and targets, may also be invoked as objective circumstances under Article 21 to tackle the crisis effects due to the Russian military aggression against Ukraine without undermining the overall balance and level of ambition of the recovery and resilience plans, in line with the Facility objectives, including the REPowerEU objectives. These developments cannot constitute objective circumstances for revising reforms, as reforms are generally not cost dependent. In addition, no request for amendments should undermine the overall implementation of the recovery and resilience plans.
2022/09/29
Committee: BUDGECON
Amendment 153 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 4
Regulation (EU) 2021/241
Article 19 – paragraph 3 – point c a (new)
(ca) whether the measures are expected to contribute to eradicating energy poverty and mobility poverty and to phasing out the reliance on fossil fuel energy;
2022/09/29
Committee: BUDGECON
Amendment 160 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 4
Regulation (EU) 2021/241
Article 19 – paragraph 3 – point k a (new)
(ka) whether the consultation process as referred to in Article 18(4)(q) related to the measures referred to in Article 21c(1) is adequate and the pertinent input from the relevant stakeholders is properly reflected in the substance of the REPowerEU chapter, and as well their specific roles for the implementation and monitoring;
2022/09/29
Committee: BUDGECON
Amendment 184 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
(1 a) 15% of the revenue generated allocated to the REPowerEU Chapter under the Facility as defined by the Council regulation on an emergency intervention to address high energy prices shall be available for implementation under this Regulation to increase the resilience of the Union energy system through a decrease of dependence on fossil fuels and diversification of energy supplies at Union level. That amount shall be made available in the form of external assigned revenue within the meaning of Article 21(5) of the Financial Regulation.
2022/09/29
Committee: BUDGECON
Amendment 214 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21ba (new)
Article 21ba (1) Member States may entrust the managing authorities of the cohesion policy operational programmes under Regulation (EU) 2021/1058 with the implementation of measures and investments benefitting from the Facility, where applicable in view of the synergies with those Union funds and in conformity with the objectives of the Facility. Member States shall state their intention to entrust those authorities in their Plans. (2) When entrusting the managing authorities, the Member States should dedicate the necessary financial support for actions necessary for the effective administration and implementation of the measures, including for the capacity building and for carrying out, inter alia, the related functions and technical support such as preparation, training, management, monitoring, evaluation, visibility and communication.
2022/09/29
Committee: BUDGECON
Amendment 241 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21c – paragraph 1 – point da (new)
(d a) incentivising reduction of energy demand;
2022/09/29
Committee: BUDGECON
Amendment 242 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21c – paragraph 1a (new)
(1 a) The REPowerEU chapter shall also contain measures to mitigate the impact of high energy prices on low- income households, vulnerable households, and citizens affected by energy poverty. To this end, Member States may include the costs of the following measures and investments with lasting impacts in the estimated total costs of the Plans, provided they principally benefit vulnerable households, low- income households and people affected by energy poverty and intend to: (a) support quality, cost-optimal and energy efficient building renovations, especially to contribute to the achievement of the renovation requirements established in Directive .../... [on the energy performance of buildings (recast) [2021/0426(COD)]] and for those occupying worst-performing buildings, with a special attention to tenants and social housing, including in the form of financial support or fiscal incentives such as deductibility of renovation costs from the rent or specific support for the renovation of social housing in order to facilitate access to affordable energy- efficient housing independently of the ownership of the buildings concerned; (b) ensure access to affordable energy- efficient housing, including by providing sufficient energy-efficient and affordable housing stock, including social housing; (c) contribute to the cost-efficient decarbonisation, including the electrification, of heating and cooling of, and cooking in, buildings by ensuring access to affordable and energy-efficient systems, and the integration and storage of energy from renewable sources, including through citizen energy communities and peer-to-peer energy sharing, to power any residual demand, smart internal electricity installations or cover connection costs to smart grids and any other measures that contribute unequivocally to the achievements of energy savings as well as connection to district heating networks, such as vouchers, subsidies or zero-interest loans to invest in products and services to increase the energy performance of buildings or to integrate renewable energy sources in buildings; (d) provide targeted, accessible and affordable information, education, awareness and advice on cost-effective measures and investments and available support for building renovations and energy efficiency, tailored energy consultations or one stop shops as established in Directive .../... [on the energy efficiency (recast) [2021/0203(COD)]] ; (e) support public and private entities, including social-housing providers, in particular public-private cooperation, in developing and providing safe and affordable energy efficiency renovation solutions and appropriate funding instruments in line with the social goals of the Fund, including smart-grid solutions;
2022/09/29
Committee: BUDGECON
Amendment 265 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21c – paragraph 4
(4) By way of derogation from Articles 5(2), 17(4), 18(4) point (d) and 19(3) points (d), the principle of “do no significant harm” within the meaning of Article 17 of Regulation (EU) 2020/852 shall not apply to the reforms and investments expected to contribute to the REPowerEU objectives under paragraph 1, point (a) of this Article. Instead, the REPowerEU chapter shall contain an explanation of why for each measures expected to contribute to the REPowerEU objectives under paragraph 1 point (a)of this Article there is no adequate clean technology alternative to reach the REPowerEU objectives and, where relevant, of how and to which extent the measures may harm the EU's environmental objectives within the meaning of Article 17 of Regulation (EU) 2020/852 and of how those detrimental effects are limited and reasonable;
2022/09/29
Committee: BUDGECON
Amendment 295 #

2022/0164(COD)

Proposal for a regulation
Annex I – paragraph 1 – point a
(a) In section 2, the following point iss are added:
2022/09/29
Committee: BUDGECON
Amendment 296 #

2022/0164(COD)

Proposal for a regulation
Annex I – paragraph 1 – point a
Regulation (EU) 2021/241
Annex V – section 2 – point 2.12
2.12. The measures referred to in Article 21c (1) and (2) are expected to effectively contribute towards the Union’s security of supply for the Union as a whole, notably through a diversification of energy supply or reduction of dependence on fossil fuels before 2030 and is coherent within the REPowerEU Chapter and with the rest of the measures in the plan.’.
2022/09/29
Committee: BUDGECON
Amendment 305 #

2022/0164(COD)

Proposal for a regulation
Annex I – paragraph 1 – point a
Regulation (EU) 2021/241
Annex V – section 2 – point 2.12 – indent 5a (new)
- or incentivising reduction of energy demand.
2022/09/29
Committee: BUDGECON
Amendment 307 #

2022/0164(COD)

Proposal for a regulation
Annex I – paragraph 1 – point a
Regulation (EU) 2021/241
Annex V – section 2 – point 2.12 – indent 5a (new)
- or-whether the implementation of the envisaged measures is expected to significantly contribute to the reduction of energy poverty,
2022/09/29
Committee: BUDGECON
Amendment 308 #

2022/0164(COD)

Proposal for a regulation
Annex I – paragraph 1 – point a
Regulation (EU) 2021/241
Annex V – section 2 – point 2.12 – indent 5 a (new)
- and – whether the reforms and investments referred to in Article 21c(1) are coherent within the REPowerEU Chapter and with the rest of the measures in the plan.’
2022/09/29
Committee: BUDGECON
Amendment 312 #

2022/0164(COD)

Proposal for a regulation
Annex I – paragraph 1 – point a
Regulation (EU) 2021/241
Annex V – section 2 – point 2.12 a (new)
2.12 a. There is no adequate clean technology alternative for the measures expected to contribute to the REPowerEU objectives under paragraph 1, point (a) of Article 21c to reach the REPowerEU objectives and, where relevant, whether the potential harm to the EU's environmental objectives within the meaning of Article 17 of Regulation (EU)2020/852 is reasonable. ’When assessing the measures referred to in paragraph 1, point(a) of Article 21c under this criterion, the Commission shall take into account the following elements: Scope — whether there is no adequate clean technology alternative for the measures expected to contribute to the REPowerEU objectives under paragraph 1,point (a) of Article 21c to reach the REPowerEU objectives, and — whether the potential harm to the EU's environmental objectives within the meaning of Article 17 of Regulation (EU) 2020/852 is narrowed to the strict unavoidable extend.’ Rating A – there is no adequate clean technology alternative for the measures expected to contribute to the REPowerEU objectives under paragraph 1, point (a) of Article21c to reach the REPowerEU objectives, and the potential harm to the EU's environmental objectives within the meaning of Article 17 of Regulation (EU) 2020/852 is narrowed to the strict unavoidable extend C – there is adequate clean technology alternative for the measures expected to contribute to the REPowerEU objectives under paragraph 1, point (a) of Article 21c are not adequate to reach the REPowerEU objectives, or the potential harm to the EU's environmental objectives within the meaning of Article 17 of Regulation (EU) 2020/852 is not narrowed to the strict unavoidable extend
2022/09/29
Committee: BUDGECON
Amendment 40 #

2021/2251(INI)

Motion for a resolution
Paragraph 1 a (new)
1 a. Underlines that a determined, coordinated and solidarity-based European economic policy approach has been proven to be essential to foster EU economic integration, to limit the spreading of the crises and to mitigate its negative economic and social consequences;
2022/03/21
Committee: BUDGECON
Amendment 43 #

2021/2251(INI)

Motion for a resolution
Paragraph 1 b (new)
1 b. Highlights that the RRF played an instrumental role in preventing the fragmentation of the internal market and the further deepening of macroeconomic divergence, and in fostering social and territorial cohesion;
2022/03/21
Committee: BUDGECON
Amendment 44 #

2021/2251(INI)

Motion for a resolution
Paragraph 1 c (new)
1 c. Stresses that the conflict in Ukraine and the severe sanctions against the Russian Federation will unavoidably result in extremely negative and asymmetric effects on the EU economy and Member States; is concerned about the entailing social consequences and even further increasing social inequality; expects that EU will react with the same determination, unity and speediness and in solidarity in this new severe crisis;
2022/03/21
Committee: BUDGECON
Amendment 65 #

2021/2251(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. Highlights the positive impact of the NGEU instrument estimated by the Commission1a,the ECB1band the IMF1c,notably with an increase of GDP growth of up to 1.5 percentage point higher then without NGEU investment, a positive persistent effect for the following years, the positive macroeconomic spill over effects and the potential of well- targeted reforms and investment to reduce energy intensity and emissions and reduce social inequalities; __________________ 1a https://ec.europa.eu/info/sites/default/files /economy-finance/dp144_en.pdf; https://ec.europa.eu/info/sites/default/files /economy-finance/ip169_en.pdf; 1b https://www.ecb.europa.eu/pub/economic- bulletin/articles/2022/html/ecb.ebart20220 1_02~318271f6cb.en.html; https://www.ecb.europa.eu/pub/pdf/scpops /ecb.op255~9391447a99.en.pdf 1c file:///C:/Users/sreither/Downloads/1EUR EA2022001.pdf
2022/03/21
Committee: BUDGECON
Amendment 75 #

2021/2251(INI)

Motion for a resolution
Paragraph 4 a (new)
4 a. Points out that the successful rollout of the RRF will help to make EU economies and societies more sustainable, inclusive, resilient and better prepared for the just, green and digital transition; is convinced that enhancing the sustainable transition and putting the well-being of people first is a prerequisite for a resilient, more egalitarian and future-proof economy; is convinced that a successful implementation of the NRRPs will contribute to reduce cross-country divergences fostering convergence;
2022/03/21
Committee: BUDGECON
Amendment 102 #

2021/2251(INI)

Motion for a resolution
Paragraph 7 a (new)
7 a. Emphasizes the aim of the Regulation to comply with social objectives and the importance to have methodologies in place for displaying the progress on the implementation to contribute to the European Pillar of Social Rights; therefore, is concerned that the delegated act on social expenditure and on the resilience scoreboard will not be sufficient to track and to report on the social dimension and impacts of the RRF; calls on the Commission to come forward with complementary social indicators tracking notably the implementation of the 20 principles of the EPSR through the NRRPs;
2022/03/21
Committee: BUDGECON
Amendment 135 #

2021/2251(INI)

Motion for a resolution
Paragraph 10
10. Tasks the Commission with analysing the reasons why the Member States have not requested loans to the full extent of their allocation, which could prevent the RRF from reaching its full potential, and, where relevant, to come forward with a proposal of targeted amendment of the RRF Regulation to incentive the optimal use of the resources available under the RRF;
2022/03/21
Committee: BUDGECON
Amendment 142 #

2021/2251(INI)

Motion for a resolution
Paragraph 10 a (new)
10 a. Calls for the spending financed by RRF loans to benefit from the same treatment in the EU fiscal framework as is the case for the European Fund for Strategic Investments (EFSI) in the context of the Commission Communication on flexibility, so as to ensure an optimal effect for the EU recovery;
2022/03/21
Committee: BUDGECON
Amendment 150 #

2021/2251(INI)

Motion for a resolution
Paragraph 11
11. Looks forward to more granular and disaggregated data allowing for a better understanding of the additionality impacts of the RRF; urges the Member States to provide detailed information to the Commission in order to ensure effective reporting of the impact of the RRF; calls on Eurostat to provide the necessary guidance and framework to ensure a proper monitoring of the NRRPs;
2022/03/21
Committee: BUDGECON
Amendment 162 #

2021/2251(INI)

Motion for a resolution
Paragraph 14
14. Recalls that the RRF Regulation provides for the possibility to include in the NRRPs measures started from 1 February 2020 onwards and that some Member States have made use of this possibility; welcomes that some Member States have taken a proactive attitude to tackle the negative effects of the crisis by starting the implementation of measures ahead of the adoption of their NRRPs;
2022/03/21
Committee: BUDGECON
Amendment 203 #

2021/2251(INI)

Motion for a resolution
Paragraph 19
19. Notes that all approved NRRPs expect to reach the green target of at least 37 % set out in the RRF Regulation and that the overall climate expenditure of all approved NRRPs reaches almost 50 % or EUR 220 billion; underlines that the NRRPs should contribute to the green transition, including biodiversity; notes positively that several NRRPs contribute significantly to biodiversity but regrets that not all NRRPs contribute sufficiently to biodiversity;
2022/03/21
Committee: BUDGECON
Amendment 233 #

2021/2251(INI)

Motion for a resolution
Paragraph 23 a (new)
23 a. Notes that the crises has affected disproportionally the most vulnerable ones and regrets that some Member States are lacking behind in strengthening the social dimension of their plans;
2022/03/21
Committee: BUDGECON
Amendment 234 #

2021/2251(INI)

Motion for a resolution
Paragraph 23 b (new)
23 b. Underlines that the current situation in Ukraine impacts heavily the energy prices and exposes the risk of the EU dependency to imported fossil fuel energy; stresses the role of the RRF in the rollout of REPowerEU and, therefore, expects the RRF to contribute significantly to the EU energy sovereignty by energy diversification and the just green transition by developing clean energy;
2022/03/21
Committee: BUDGECON
Amendment 246 #

2021/2251(INI)

Motion for a resolution
Paragraph 25 a (new)
25 a. Calls for the Commission to continue monitoring the implementation of the six pillars and ensuring granular data is made available in the RRF scoreboard; notes positively that several Member States provide data at regional level and invites the other Member States to provide data at regional level;
2022/03/21
Committee: BUDGECON
Amendment 262 #

2021/2251(INI)

Motion for a resolution
Paragraph 27
27. Points out that the principle of ‘do no significant harm’ was evaluated for each measure by the Commission in accordance with its technical guidance; notes that in order to comply with the principle, some Member States had to improve certain measures; insists that the principle of ‘do no significant harm’ should be fully respected during the implementation of the NRRPs;
2022/03/21
Committee: BUDGECON
Amendment 267 #

2021/2251(INI)

Motion for a resolution
Paragraph 28
28. Observes that a large majority of NRRPs include a specific section explaining how the plan addresses gender- related concerns and challenges; deeply regrets that some NRRPs do not include a specific section explaining how the plan addresses gender-related concerns and challenges and calls on the concerned Member States to provide without delay those elements;
2022/03/21
Committee: BUDGECON
Amendment 273 #

2021/2251(INI)

Motion for a resolution
Paragraph 28 a (new)
28 a. Is concerned that the delegated act on social expenditure and on the resilience scoreboard will not be sufficient to track and to report on the gender dimension and impacts of the RRF; calls on the Commission to come forward with complementary gender indicators tracking notably the gender impacts of the NRRPs;
2022/03/21
Committee: BUDGECON
Amendment 274 #

2021/2251(INI)

Motion for a resolution
Paragraph 29
29. Believes that NRRPs would benefit from further cross-border projects in order to enhance spill-over effects and contribute to EU added value; underlines that the current situation of Ukraine shows how crucial is the diversification of the EU’s energy sources and calls for the improvement of the interconnection of European gas and electricity networks and to fully synchronise the power grids throughout the EU;
2022/03/21
Committee: BUDGECON
Amendment 302 #

2021/2251(INI)

Motion for a resolution
Paragraph 31 a (new)
31 a. Stresses the importance of promoting equality and fairness through the procurement processes and practices; calls, in this respect, the Member States to strive for ways to ensure equal and fair access to all, including the micro, small and medium size enterprises, in the procurement process;
2022/03/21
Committee: BUDGECON
Amendment 338 #

2021/2251(INI)

Motion for a resolution
Subheading 5 a (new)
Lessons learned
2022/03/21
Committee: BUDGECON
Amendment 383 #

2021/2251(INI)

Motion for a resolution
Paragraph 37 a (new)
37 a. Reiterates the Commission’s estimation of the need for additional annual public investment in the three digit billion rang to address the challenges of digital transformation, green and just transition and social recovery; points out that additional means are required in order to tackle the consequences of the Russian invasion in Ukraine; therefore stresses, that an increased level of investment must be stabilised and upward convergence in the EU enhanced for many years to come;
2022/03/21
Committee: BUDGECON
Amendment 386 #

2021/2251(INI)

Motion for a resolution
Paragraph 37 b (new)
37 b. Welcomes the Commission Communication on fiscal policy guidance for 2023 and its call to maintain a supportive fiscal stance to stand ready to react to the evolving economic situation; expects in this respect the general escape clause to remain activated as long as the underlying economic justifications persist;
2022/03/21
Committee: BUDGECON
Amendment 387 #

2021/2251(INI)

Motion for a resolution
Paragraph 37 c (new)
37 c. Invites the Commission to take the principles of NGEU as a basis for a revamped common European fiscal architecture; considers NGEU to be a valuable and reliable blueprint for the European growth strategy for the next decade and calls for a common budgetary capacity dedicated to European strategic investment aligned with EU priorities with macroeconomic stabilisation function;
2022/03/21
Committee: BUDGECON
Amendment 388 #

2021/2251(INI)

Motion for a resolution
Paragraph 37 d (new)
37 d. Notes the RRF investments in the green transition and digital transformation should contribute to increase EU strategic autonomy and independency, notably to reducing its dependency on imported fossil fuels and, in respect of the current circumstances, calls in particular for accelerating investment to ensure strategic autonomy and independency and reinforcing the EU’s security of supply;
2022/03/21
Committee: BUDGECON
Amendment 389 #

2021/2251(INI)

Motion for a resolution
Paragraph 37 e (new)
37 e. Invites the Commission and the Member States to draw conclusions from the RRF exercise and improve the mechanisms driving the economic governance framework especially when it comes to establishing a more transparent and democratic coordination process, defining underlying political guidelines, cooperation between the European institutions as well as with the national governments and stakeholders and increased national ownership of policy design by providing positive incentives for productive investments and reforms, developing the national reform and investment programmes and implementing socially-balanced and sustainable structural reforms;
2022/03/21
Committee: BUDGECON
Amendment 2 #

2021/2250(INI)

Motion for a resolution
Citation 2
— having regard to the Negotiating Framework for Turkey of 3 October 2005, and to the fact that, as it is the case for all candidate countries, Turkey’s accession to the EU depends on full compliance with the Copenhagen criteria, and to the need to normalize its relations with all EU Member States, including the Republic of Cyprus,
2022/03/09
Committee: AFET
Amendment 8 #

2021/2250(INI)

Motion for a resolution
Citation 3 a (new)
— having regard to the declaration issued by the European Community and its Member States on 21 September 2005, including the provision that the recognition of all Member States is a necessary component of the negotiations, and to the need for Turkey to proceed to the normalization of its relations with all Member States and to fully implement the Additional Protocol to the Ankara Agreement towards all Member States, by removing all obstacles to the free movement of goods, including restrictions on means of transport, without prejudice and discrimination,
2022/03/09
Committee: AFET
Amendment 10 #

2021/2250(INI)

Motion for a resolution
Citation 3 b (new)
— having regard to the Council Conclusions of 2018, 2019 and 2021 to the effect that the accession negotiations effectively have come to a standstill and no further chapters can be considered for opening or closing and no further work towards the modernisation of the EU- Turkey Customs Union is foreseen,
2022/03/09
Committee: AFET
Amendment 11 #

2021/2250(INI)

Motion for a resolution
Citation 4
— having regard to the Council conclusions of 26 June 2018 and 18 June 2019 on enlargement and stabilisation and association process, to the Council conclusions of 15 July and 14 October 2019 on Turkey’s illegal drilling activities in the Eastern Mediterranean, to the European Council conclusions of 12 December 2019, 1-2 and 15-16 October 2020, to the Statement of the EU foreign ministers of 15 May 2020 and the main results of their videoconference of 14 August 2020 on the situation in the Eastern Mediterranean, to the outcome of the informal meeting of EU Foreign Ministers in Gymnich of 27-28 August 2020, to the Statement of the Members of the European Council of 25 March 2021 on the Eastern Mediterranean, to the European Council’s conclusions of 24 June 2021 and 1 October 2020, and to all previous relevant Council and European Council conclusions,
2022/03/09
Committee: AFET
Amendment 22 #

2021/2250(INI)

Motion for a resolution
Citation 5 a (new)
— having regard to the restrictive measures framework established by the EU on 11 November 2019, as a response to Turkey’s illegal drilling activities in the Eastern Mediterranean, which was renewed on 12 November 2020 and 12 November 2021,
2022/03/09
Committee: AFET
Amendment 24 #

2021/2250(INI)

Motion for a resolution
Citation 5 a (new)
— having regard to the EU- Turkey Readmission Agreement,
2022/03/09
Committee: AFET
Amendment 28 #

2021/2250(INI)

Motion for a resolution
Citation 7
— having regard to the relevant resolutions by the Committee of Ministers of the Council of Europe, including the interim resolution of 2 December 2021 on the execution of the judgment of the European Court of Human Rights in Kavala against Turkey, the interim resolution of 2 December 2021 on the execution of the judgment of the European Court of Human Rights in Selahattin Demirtaş v Turkey (No. 2), and the interim resolution of 2 February 2022 on the execution of the judgment of the European Court of Human Rights in Kavala against Turkey and the interim resolution of 16th September 2021 on the execution of the judgment of the European Court of Human Rights in Cyprus v. Turkey,
2022/03/09
Committee: AFET
Amendment 32 #

2021/2250(INI)

— having regard to the relevant resolutions of the UN Security Council on Cyprus, including resolution 550 (1984) of 11 May 1984 on secessionist actions in Cyprus and resolution 789 (1992) of 25 November 1992 which consider attempts to settle any part of Varosha by people other than its inhabitants as inadmissible, and call for the transfer of that area to the administration of the United Nations, urging all concerned in the Cyprus question to commit themselves to the confidence-building measures set out in the resolution,
2022/03/09
Committee: AFET
Amendment 34 #

2021/2250(INI)

Motion for a resolution
Citation 8 a (new)
— having regard to its resolution of 26 November 2020 on escalating tensions in Varosha following the illegal actions by Turkey and the urgent need for the resumption of talks,1a _________________ 1a Texts adopted, P9_TA(2020)0332.
2022/03/09
Committee: AFET
Amendment 36 #

2021/2250(INI)

Motion for a resolution
Citation 9 a (new)
— having regard to its resolution of 15 April 2015 on the centenary of the Armenian Genocide ,1a _________________ 1a OJ C 328, 6.9.2016, p. 2.
2022/03/09
Committee: AFET
Amendment 37 #

2021/2250(INI)

Motion for a resolution
Citation 9 b (new)
— having regard to Article 46 of the European Convention on Human Rights, which states that the contracting parties undertake to abide by the final judgments of the European Court of Human Rights (ECtHR) in any case to which they are parties, and therefore to the obligation of Turkey to implement all judgments of the European courts, including the ECtHR,
2022/03/09
Committee: AFET
Amendment 48 #

2021/2250(INI)

Motion for a resolution
Recital A
A. whereas Turkey, besides being as candidate for EU accession, is a key partner in relation to the economy, trade and migration, as well as a strategic partnerexpected to respect and uphold the Copenhagen criteria, to uphold the highest standards of democracy, respect of human rights and the rule of law, to comply with the international law and international conventions acceded to by the EU, to pursue and maintain good neighbourly relations with the EU and all its Member States indiscriminately and to peacefully settle all disputes having resource, if necessary, to the International Court of Justice;
2022/03/09
Committee: AFET
Amendment 63 #

2021/2250(INI)

Motion for a resolution
Recital B
B. whereas, in the aftermath of recent tensions between the EU and Turkey, particularly in relation to the situafollowing its provocative actions in the Eastern Mediterranean, the European Council offered to nurture a more positive dynamic in EU-Turkey relations by expressinged readiness to engage with Turkey in a phased, proportionate and reversible manner in a number of areas of common interest, provided a sustainable de-escalation, a constructive engagement in a dialogue based on international law and other conditionalities established in previous European Council conclusions;
2022/03/09
Committee: AFET
Amendment 76 #

2021/2250(INI)

Motion for a resolution
Recital C
C. whereas being a candidate country presumes a willingness to progressively approachlign in all aspects the values, interests, standards and policies of the EU; whereas an analysis of the EU’s reports in recent years reveal that Turkey’s distance from the EU’s values and its normative framework is still considerable and is even growing in fundamental areas such as the rule of law and human right, the respect of human rights and good neighbourly relations;
2022/03/09
Committee: AFET
Amendment 81 #

2021/2250(INI)

Motion for a resolution
Recital C a (new)
C a. Whereas Turkey does not intend to follow the EU sanctions imposed to Russia following its illegal invasion to Ukraine;
2022/03/09
Committee: AFET
Amendment 108 #

2021/2250(INI)

Motion for a resolution
Paragraph 1
1. Reiterates its concern about the persistent distance between the EU and Turkey, despite it being a candidate country, in terms of values and standards, and the continuing lack of political will to have good neighbourly relations with the EU Member States and to carry out the necessary reforms to address, in particular, the serious concerns about the rule of law and, fundamental rights that continue to negatively affect the accession process; considers that without clear progress in this field, Parliament cannot envisage any resumption of accession negotiations with Turkey, which have effectively been at a standstill since 2018; recalls that the accession process is and will remain a merit-based process fully dependent on the objective progress achieved by each country;
2022/03/09
Committee: AFET
Amendment 133 #

2021/2250(INI)

Motion for a resolution
Paragraph 2
2. Notes, howethat over, that there has been a slight improvement over the past year in overall EU-e past year EU- Turkey relations have not improved; notes that Turkey relations, which have on average remained stable, as enhanced cooperation and dialogue on a number of issues have coexisted with regular conflictsith several Member States, in particular with Greece and Cyprus have remained challenging with a rise in tensions in the Aegean Sea and the Eastern Mediterranean, undermining regional stability and security; expresses its hope that this pattern of ‘conflictual cooperation’ can be overcome and replaced with a more positive dynamic;
2022/03/09
Committee: AFET
Amendment 139 #

2021/2250(INI)

Motion for a resolution
Paragraph 3
3. Reiterates its firm conviction that Turkeyfor the development of a mutually beneficial cooperative relationship with Turkey, as it is a country of strategicignificant relevance in political, economic and foreign policy terms, a partner that is keyn important partner for the stability of the wider region, and an ally with which the EU wishes to pursue the best possible relations; welcomes, in this viewdeplores the fact that Turkey remains a source of instability; welcomes, the recent statements expressed at the highest level by the Turkish authorities about the recommitment of the Turkish Government to the EU path, but urges the Turkish authorities to put their words into action and demonstrate this commitment with specific facts and decisions; Recalls the European Council's position to engage with Turkey in a phased, proportionate and reversible manner, under the condition that the latter would stop its provocations against EU and its Member States and the there is tangible improvement in the area of fundamental freedoms and rule of law; it is of the position that these conditions have not been yet met;
2022/03/09
Committee: AFET
Amendment 176 #

2021/2250(INI)

Motion for a resolution
Paragraph 5 a (new)
5 a. Recalls that the allocation of EU funds is conditional on the respect for the rule of law, democratic values, human rights, European and international law; due to Turkey's backsliding in all these areas, reiterates its position that all the funds allocated under the Instrument for Pre-Accession Assistance (IPA III) and relevant programmes of the NDICI - Global Europe instrument to be directly managed by the EU in order to support Turkey's civil society, human rights defenders and journalists, and to increase opportunities for people-to-people contacts, academic dialogue and media platforms for journalists with the objective of protecting and promoting democratic values and principles, human rights and the rule of law and that no actions organised by the Turkish state should get financed by the EU budget as long as the situation does not significantly improve;
2022/03/09
Committee: AFET
Amendment 179 #

2021/2250(INI)

Motion for a resolution
Paragraph 6
6. Insists that the crucial area of fundamental rights and freedoms, which is at the core of the accession process, cannot be disconnected and isolated from overall relations with the EU and stresses that for Parliament, it remains the main obstacle together with the need to respect international law and good neighbourly relations to further progress on any positive agenda that could be offered to Turkey;
2022/03/09
Committee: AFET
Amendment 186 #

2021/2250(INI)

Motion for a resolution
Paragraph 6
6. Insists that the crucial area of fundamental rights and freedoms, which is at the core of the accession process, cannot be disconnected and isolated from overall relations with the EU and stresses that for Parliament, it remains one of the main obstacles to further progress on any positive agenda that could be offered to Turkey;
2022/03/09
Committee: AFET
Amendment 188 #

2021/2250(INI)

Motion for a resolution
Paragraph 6 a (new)
6 a. Deplores the fact that the Venice Commission recommendations on the status of religious communities in Turkey have yet to be implemented; reiterates its call on Turkey to respect the importance of the Ecumenical Patriarchate for Orthodox Christians all over the world, to recognise its legal personality and the public use of the ecclesiastical title of the Ecumenical Patriarch; stresses the need to eliminate restrictions on the training, appointment and succession of clergy, to allow the reopening of the Halki Seminary and lift all obstacles for its proper functioning;
2022/03/09
Committee: AFET
Amendment 193 #

2021/2250(INI)

Motion for a resolution
Paragraph 6 b (new)
6 b. Strongly condemns the decision by the Turkish authorities to convert Moni tis Choras/Chora Church and Hagia Sophia, a World Heritage Monument into mosque, in violation of the UNCESCO Convention concerning the protection of the World Cultural and Natural Heritage, to which Turkey is signatory member; Urges the Turkish government to reverse its decisions and protect the multicultural character of the country; deplores the lack of protection of Panagia Soumela Monastery which has been put forward for inclusion to the UNESCO World Heritage Monuments list and believes these actions undermine the trust between the Turkish government and the religious communities in the country;
2022/03/09
Committee: AFET
Amendment 194 #

2021/2250(INI)

Motion for a resolution
Paragraph 6 c (new)
6 c. Regrets that the Treasury has appealed favourable decisions for the restitution of properties according to the Law on Foundations and most of the appeals against rejected claims are still pending either before local courts or at ECHR; notes with concern the hate speech and crimes against minorities, as well as the acts of vandalisms and the destruction of minority worship places and cemeteries; urges the Turkish authorities to effectively prosecute the offenders and to properly protect all religious minorities; regrets that a new electoral regulation for non-Muslim foundations, following its annulment in 2013, is still to be published, which has created serious problems to proper administration of these foundations, as no elections can take place; notes that despite a ruling from an administrative court to overrule the decision to annul the electoral regulation, the Ankara Regional Court of Appeals ruled that it is up to the Council of State to decide;
2022/03/09
Committee: AFET
Amendment 195 #

2021/2250(INI)

Motion for a resolution
Paragraph 6 d (new)
6 d. Reiterates the need for Turkey to fully implement all recommendations of the Council of Europe Resolution 1625(2008) with particular emphasis on the restitution of property rights of the Greek Orthodox population and its foundations on the islands of Imvros and Tenedos; inheritance rights and adopt all necessary positive discrimination measures for assisting the repatriation of all minority families who wish to return to the islands; underlines the need to preserve the bicultural character of the islands;
2022/03/09
Committee: AFET
Amendment 230 #

2021/2250(INI)

Motion for a resolution
Paragraph 9 a (new)
9 a. Reiterates relevant ECtHR decisions and calls on the Turkish Government to immediately stop the violation of the human rights of the Cypriot citizens and stop depriving them of the enjoyment and exercise of their property, religious and other human rights stemming from the constitutional order of the Republic of Cyprus and the acquis communautaire, as well as the fundamental principles and values of the EU;
2022/03/09
Committee: AFET
Amendment 263 #

2021/2250(INI)

Motion for a resolution
Paragraph 12 a (new)
12 a. Calls on Turkey to cooperate with the EU and the Council of Europe and its relevant bodies on deep and urgent reforms in these areas and in addressing their key recommendations, and fully implement all judgements of the European Court of Human Rights in line with Article 46 of the ECHR, as well as the payment of just satisfaction awarded by the ECtHR, an unconditional obligation deriving from Turkey’s membership of the Council of Europe;
2022/03/09
Committee: AFET
Amendment 304 #

2021/2250(INI)

Motion for a resolution
Paragraph 15 a (new)
15 a. Calls on Turkey to cooperate with relevant international organizations, especially the Council of Europe, in preventing and combatting illicit trafficking and the deliberate destruction of cultural heritage within Turkey and the occupied part of Cyprus; stresses the importance of pursuing dialogue with relevant international organisations and the EU on the preservation of cultural and religious heritage;
2022/03/09
Committee: AFET
Amendment 372 #

2021/2250(INI)

Motion for a resolution
Paragraph 21
21. Commends the efforts made by Turkey to continue hosting the largest refugee population in the world; welcomes, in this regard, the continued provision of EU funding for refugees and host communities in Turkey, and expresses its commitment to sustain this support in the future; calls on Turkey to ensure the full and non-discriminatory implementation of the EU-Turkey Statement of 2016, including vis-à-vis the Republic of Cyprus, as well as to resume the readmission of returnees from the Greek islands interrupted in March 2020, and Turkey’s obligation to take any necessary measures to prevent new sea or land routes for irregular migration opening from Turkey to the EU, and its will to cooperate with neighbouring states as well as the EU to this effect and with fundamental rights as part of its implementation process;
2022/03/09
Committee: AFET
Amendment 373 #

2021/2250(INI)

Motion for a resolution
Paragraph 21
21. Commends the efforts made by Turkey to continue hosting the largest refugee population in the world; welcomes, in this regard, the continued provision of EU funding for refugees and host communities in Turkey, and expresses its commitment to sustain this support in the future; underlines the need to respect fundamental rights of refugees and migrants and condemns any efforts to instrumentalise them; calls Turkey to fully implement the Joint EU- Turkey Statement and the EU - Turkey Readmission Agreement towards all Member States, as well as existing bilateral readmission agreements and provisions, following its unilateral decision to suspend them in March 2020;
2022/03/09
Committee: AFET
Amendment 391 #

2021/2250(INI)

Motion for a resolution
Paragraph 21 a (new)
21 a. Strongly condemns the Turkish military intervention in Syria, which violates international law and undermines the stability and the security of the whole region; calls on Turkey to end its illegal occupation of Norther Syria and Afrin and reiterates that security concerns cannot justify military action in a foreign country;
2022/03/09
Committee: AFET
Amendment 393 #

2021/2250(INI)

Motion for a resolution
Paragraph 21 a (new)
21 a. Stresses that visa liberalisation will be possible once all the criteria have been fully and effectively met in a non- discriminatory manner towards all member-states;
2022/03/09
Committee: AFET
Amendment 397 #

2021/2250(INI)

Motion for a resolution
Paragraph 21 b (new)
21 b. Calls on Turkey to commit to the peaceful resolution of the conflict in Libya under the auspices of the UN, to stop its efforts to derail the Berlin process, to withdraw all foreign fighters and to fully adhere to the arms embargo imposed by the UN Security Council; regrets that Turkey has denied the personnel of EUNAVFOR MED Irini to inspect ships travelling from Turkey to Libya and recalls that EU; recalls that all candidate countries should align their foreign policy with the EU’s foreign and security policy and not to actively work against it; Strongly condemns the signature of the two Memorandums of Understanding between Turkey and Libya on the delimitation of maritime zones and on comprehensive security and military cooperation, which are interconnected and in clear violation of the sovereign rights of EU Member States, the international law and the UN Security Council resolution imposing an arms embargo on Libya;
2022/03/09
Committee: AFET
Amendment 401 #

2021/2250(INI)

Motion for a resolution
Paragraph 21 b (new)
21 b. Regrets that the current Customs Union will not achieve its full potential until Turkey fully and effectively implements the Additional Protocol in relation to all Member States including the Republic of Cyprus in a non- discriminatory manner, which is a prerequisite for the opening of the negotiations for the upgrading;
2022/03/09
Committee: AFET
Amendment 403 #

2021/2250(INI)

Motion for a resolution
Paragraph 21 c (new)
21 c. Reiterates its call on Turkey to comply with the EU declaration issued on September 21, 2005 and to fulfil its obligation of full, non-discriminatory implementation of the Additional Protocol to the EC-Turkey Association Agreement vis-à-vis all Member States, including the Republic of Cyprus, regrets that Turkey has still not made progress towards the normalization of its relations with the Republic of Cyprus; reiterates that recognition of all Member States is a necessary component of the accession process, of Customs Union and of every agreement between the EU and Turkey and calls for progress without any further delay;
2022/03/09
Committee: AFET
Amendment 414 #

2021/2250(INI)

Motion for a resolution
Paragraph 22
22. Acknowledges that Turkey can pursue its own foreign policy in line with its interests and goals, but expects this policy to be defended through diplomacy and dialogue based on international law and, as a candidate country, to be increasingly aligned with that of the EUnot to go against the interests of the EU and its Member States, to fully respect the sovereign rights and to stop all provocative actions and rhetoric against EU Member States and to be increasingly aligned with that of the EU; deplores Turkey's decision not to impose any sanctions to Russia following the illegal invasion of Ukraine;
2022/03/09
Committee: AFET
Amendment 426 #

2021/2250(INI)

Motion for a resolution
Paragraph 22 a (new)
22 a. Regrets that as a result of Turkey’s instrumentalization of refugees a continuing increase in asylum applications was registered in Cyprus in 2021; notes that pending the full and effective implementation of the EU- Turkey Readmission Agreement vis-à-vis all Member States, existing bilateral readmission agreements and provisions in similar agreements and arrangements with EU Member States should be adequately implemented; underlines that cooperation in the area of justice and home affairs with all EU Member States remains essential;
2022/03/09
Committee: AFET
Amendment 432 #

2021/2250(INI)

Motion for a resolution
Paragraph 22 a (new)
22 a. Deplores the negative and destabilising role of Turkey, threatening regional peace and stability in the Eastern Mediterranean, Middle East and South Caucasus and its role in conflicts in Syria, Iraq and Libya;
2022/03/09
Committee: AFET
Amendment 435 #

2021/2250(INI)

Motion for a resolution
Paragraph 22 b (new)
22 b. Recalls the need for Turkey to fully fulfil its obligations under the EU - Turkey Customs Union; deplores the continuous violations of the current framework and the calls to boycott on EU Member States; recalls in this sense that the current Customs Union has not yet achieved its full potential as long as Turkey does not implement the Additional Protocol to extend the Ankara Agreement towards all EU Member States without any reserve and in a non discriminatory fashion and does not resolve all existing trade irritants; believes that a modernisation of the current customs union could be beneficial for both parties and could be the basis for renewed EU - Turkey relation, underlines however that no negotiations should be started before Turkey fully implements the current framework towards all EU Member States, unconditionally and irrespectively; reiterates that any future framework should be based on strong conditionality related to human rights, fundamental freedoms, respect of the international law and good neighbourly relations; highlights in this respect that it seems unrealistic to envisage any modernisation of the Customs Union at this moment, given the current situation of human rights inside the country and its destabilising and revisionist foreign policy;
2022/03/09
Committee: AFET
Amendment 436 #

2021/2250(INI)

Motion for a resolution
Paragraph 22 b (new)
22 b. Deplores Turkey’s continuing refusal to comply with aviation law and establish a channel of communication between air traffic control centres in Turkey and the Republic of Cyprus the absence of which entails real safety risks and dangers for the European passengers as identified by the European Aviation Safety Agency and International Federation of Air Line Pilots’ Associations and call on Turkey to collaborate by respecting the EU aviation law; takes the view that this could be an area where Turkey could prove its commitment to confidence-building measures and calls on Turkey to collaborate by fully implementing EU aviation law;
2022/03/09
Committee: AFET
Amendment 439 #

2021/2250(INI)

Motion for a resolution
Paragraph 23
23. Welcomes theDeplores that despite efforts to decrease inthe tensions in the Eastern Mediterranean during the past year, butthese were not sustained due to Turkey's actions and remains fully aware that these positive dynamics could be reversed at any moment while the underlying issues remain unresolved; condemns, in this regard, the continuous harassment and hindrance by Turkish warships of research vessels from performing surveys on the potential route of the East Med Pipeline, which is an energy project of EU Common Interest (PCI), within the EEZ/continental shelf of Member States; calls on Turkey to respect the sovereignty of all EU Member States over their territorial sea and airspace as well as their sovereign rights, including inter alia the right to explore and exploit natural resources, in accordance with EU and international law, including the United Nations Convention on the Law of the Sea (UNCLOS), which is part of the EU acquis; supports the invitation by the Government of the Republic of Cyprus to Turkey to negotiate in good faith and in line with international law the maritime delimitation between their relevant coasts, or have recourse, to the International Court of Justice, and calls on Turkey to accept Cyprus’ invitation;
2022/03/09
Committee: AFET
Amendment 444 #

2021/2250(INI)

Motion for a resolution
Paragraph 23
23. WelcomeDeplores that despite initial indications towards the decrease in tensions in the Eastern Mediterranean and the Aegean Sea during the past year, but remains fully aware that these positive dynamics could be reversed at any moment while the underlying issues remain unresolvedit was not materialised because of the continuous Turkish provocations; strongly condemns the revisionist rhetoric and actions against the Greek sovereignty over specific islands in the Aegean Sea as it is stated in recent statements of Turkish officials and Ministers and in two letters of the Turkish Permanent Representative to the UN in July and September 2021;
2022/03/09
Committee: AFET
Amendment 449 #

2021/2250(INI)

Motion for a resolution
Paragraph 23 a (new)
23 a. strongly condemns continuous Turkey's illegal activities in Greek and Cypriot waters as well as its violations of the Greek national airspace, including overflights of inhabited areas and its territorial sea which violate both the sovereign rights of Greece and the international law; reiterates its regrets that the casus belli declared by the Turkish Grand National Assembly against Greece in 1995 remains valid and is repeated in relation to the possible extension of the Greek territorial waters in the Aegean Sea; express its full solidarity with Greece and the Republic of Cyprus; reiterates its call on Turkey to sign and ratify the United Nations Convention on the Law of the Sea, which is part of the EU aquis; urges Turkey to engage in peaceful negotiation for the delimitation of the Exclusive Economic Zones and the continental shelf in both the Aegean Sea and the Eastern Mediterranean, in good faith, fully respecting international law and the principle of good neighbourly relations, having recourse if necessary to the International Court of Justice;
2022/03/09
Committee: AFET
Amendment 454 #

2021/2250(INI)

Motion for a resolution
Paragraph 23 a (new)
23 a. Continues to urge Turkey to unequivocally commit to good neighbourly relations, international agreements and to the peaceful settlement of disputes, having recourse, if necessary to the International Court of Justice and to refrain from any unilateral action or threats;
2022/03/09
Committee: AFET
Amendment 456 #

2021/2250(INI)

Motion for a resolution
Paragraph 23 b (new)
23 b. expresses its concern on the illegal Turkish fishing activities within Greek territorial waters in the Aegean Sea and the unregulated and unreported fishing activities of Turkish fishing fleets in international waters in the Aegean Sea and the Eastern Mediterranean;
2022/03/09
Committee: AFET
Amendment 458 #

2021/2250(INI)

Motion for a resolution
Paragraph 23 c (new)
23 c. Reiterates that the European Council of 1 and 2 October 2020 recalled to Turkey that the EU will use all the instruments and the options at its disposal, including of imposing a sanctions’ regime on Turkey , in accordance with Article 29 TEU and Article 215 TFEU, in order to defend its interests and those of its Member State; recalls the Council Conclusions of 14 October 2019 calling the Member States to take strong national positions regarding their arms export policy to Turkey on the basis of the provisions of Common position 2008/944/CFSP, including the strict application of criterion 4 on regional stability and calls to consider the introduction of an initiative in the Council for all EU Member States to halt arms export licensing to Turkey in accordance with this Common Position; reiterates its call in that respect, on the VP/HR for as long as Turkey continues with its current illegal, unilateral actions in the Eastern Mediterranean that run counter to the sovereignty of any EU Member State and international law, makes revisionist claims against the sovereign rights of EU Member States and threatens their territorial integrity, to introduce an initiative in the Council for all EU Member States to halt arms export for all types of military equipment, including weapons, weapons for dual-use goods and know-how, to Turkey in accordance with the Common Position;
2022/03/09
Committee: AFET
Amendment 462 #

2021/2250(INI)

Motion for a resolution
Paragraph 24
24. DeploRegrets the fact that the unresolved conflict in CypruCyprus problem remains unresolved and reiterates its a major obstacle to EU-Turkey relations; reaffirms its view that the only sustainable solution to the Cyprus issue is that ofcall on Turkey, to commit and contribute to a comprehensive settlement in line with United Nations Security Council relevant resolutions; reiterates its support for a fair, comprehensive and viable settlement onf the basis of a bi-communal, bi-zonal federation with a single international legal personality and political equality, in accordance withCyprus problem within the UN framework and in accordance with the relevant UNSC resolutions, international law and oin the basis of respect forline with the EU acquis and the principles on which the Union is founded; deeply regrets that Turkey has abandoned thise agreed UN framework; condemns in this regard statements by Turkish President and Turkish Cypriot leader, imposed by Turkey upon the Turkish Cypriots, calling for a two-state solution in Cyprus;
2022/03/09
Committee: AFET
Amendment 472 #

2021/2250(INI)

Motion for a resolution
Paragraph 24 a (new)
24 a. Reiterates its call on the Turkish Government to halt its plans for the Akkuyu nuclear power plant, which will be located in a region prone to severe earthquakes, therefore posing a major threat not only to Turkey, but also to the Mediterranean region; recalls that Russia and Turkey signed a Cooperation Agreement providing for the construction of the Akkuyu nuclear power plant and therefore asks for the inclusion of the construction of Akkuyu nuclear plant in the EU sanctions list against Russia following the later's military invasion of Ukraine; requests, accordingly, that the Turkish Government join the Convention on Environmental Impact Assessment in a Transboundary Context (Espoo Convention), which commits its parties to notifying and consulting each other about major projects under consideration that are likely to have a significant adverse environmental impact across borders; asks the Turkish Government, to this end, to involve or at least consult the governments of its neighbouring countries in relation to any further developments in the Akkuyu venture;
2022/03/09
Committee: AFET
Amendment 491 #

2021/2250(INI)

Motion for a resolution
Paragraph 24 b (new)
24 b. Strongly condemns the partial illegal reopening of Varosha , which undermines mutual trust and therefore the prospect of the resumption of direct talks on the comprehensive resolution of the Cyprus issue, by changing the situation on the ground for the worse, exacerbating division and embedding the permanent partition of Cyprus; warns against any change of the status quo in Varosha in violation of the UNSC resolutions; calls on Turkey to reverse this action and avoid any other unilateral action that could raise further tensions on the island, in compliance with the recent call of the UNSC; calls on Turkey to withdraw its troops from Cyprus, to transfer the Varosha area to its lawful inhabitants under the temporary administration of the UN in accordance with UNSC Resolution 550 (1984) and to refrain from actions altering the demographic balance on the island through a policy of illegal settlements;
2022/03/09
Committee: AFET
Amendment 501 #

2021/2250(INI)

Motion for a resolution
Paragraph 24 c (new)
24 c. Praises the important work of the bi-communal Committee on Missing Persons (CMP) and calls on the Turkish authorities to advance their efforts to provide the CMP proprio motu and without delay with all information at their disposal relating to burial sites and any other places where remains might be found, including information in military archives;
2022/03/09
Committee: AFET
Amendment 508 #

2021/2250(INI)

Motion for a resolution
Paragraph 24 d (new)
24 d. Condemns the repeated attempts by Turkey to intimidate and gag Turkish Cypriot journalists and progressive citizens in the Turkish Cypriot community, thus violating their right to freedom of opinion and expression;
2022/03/09
Committee: AFET
Amendment 522 #

2021/2250(INI)

Motion for a resolution
Paragraph 25
25. Insists that democracy, the rule of law and fundamental rights and the need for good neighbourly relations in line with international law should remain at the heart of EU-Turkey relations under any framework; reaffirms its support for keeping the accession process and its value-based approach as the main framework for EU-Turkey relations, as it is still the most powerful tool to exercise normative pressure and sustain the democratic and pro-European aspirations of Turkish society; nevertheless remains open to the possibility of both sides reviewing, in a realistic manner, the appropriateness of this framework and its ability to function, or, if necessary, exploring other possible models for future relations;
2022/03/09
Committee: AFET
Amendment 541 #

2021/2250(INI)

Motion for a resolution
Paragraph 26
26. Notes that the current state of ‘conflictual cooperation’ in EU-Turkey relations is prone to producing unsatisfactory results; calls for a rebalancing of the relationship by building on the solid grounds for cooperation driven by mutual interests, and also by building confidence to address the lack of trust; believes that an orderly dispute settlement mechanism may be beneficial in such an overall framework and calls on the Commission to explore the creation of such a mechanism;
2022/03/09
Committee: AFET
Amendment 6 #

2021/2231(INI)

Motion for a resolution
Citation 4 a (new)
— having regard to its previous resolutions on Azerbaijan, in particular of 20 May 2021on prisoners of war in the aftermath of the most recent conflict between Armenia and Azerbaijan 1 and of 10 March 2022 on the destruction of cultural heritage in Nagorno-Karabakh 2,[1] OJ C 15, 12.1.2022, p. 156. [2] OJ C 347, 9.9.2022, p. 198.
2022/11/17
Committee: AFET
Amendment 20 #

2021/2231(INI)

Motion for a resolution
Citation 12
— having regard to the United Nations Security Council resolutions Nos. 822 of 30 April 1993, 853 of 29 July 1993, 874 of 14 October 1993, and 884 of 12 November 1993,deleted
2022/11/17
Committee: AFET
Amendment 22 #

2021/2231(INI)

Motion for a resolution
Citation 12 a (new)
— having regard to the United Nations resolutions on the ongoing war in Ukraine, namely the ES-11/1 and ES-11/2 of March 2022, ES-11/3 of April 2022 and ES-11/4 of October 2022,
2022/11/17
Committee: AFET
Amendment 24 #

2021/2231(INI)

Motion for a resolution
Citation 14 a (new)
— having regard to the European Convention on Human Rights, ratified by Azerbaijan in 2002,
2022/11/17
Committee: AFET
Amendment 31 #

2021/2231(INI)

Motion for a resolution
Citation 18 a (new)
— having regard to its resolution of 17 January 2019 on Azerbaijan, notably the case of Mehman Huseynov[1], and to other resolutions on Azerbaijan, in particular those concerning the human rights situation and the rule of law,
2022/11/17
Committee: AFET
Amendment 35 #

2021/2231(INI)

Motion for a resolution
Recital A
A. whereas since the collapse of the Soviet Union, the conflictNagorno-Karabakh conflict and the war between Armenia and Azerbaijan hasve resulted in tens of thousands of casualties, immense destruction and the displacement of hundreds of thousands of people while the Nagorno-Karabakh conflict has not been resolved yet;
2022/11/17
Committee: AFET
Amendment 38 #

2021/2231(INI)

Motion for a resolution
Recital B
B. whereas deadly military confrontations between Azerbaijan and Armenia continue to erupt periodically; as the ceasefire agreement of November 2020 has been violated multiple times; whereas the latest Azerbaijan’s military aggression of September 2022 has resulted in the occupation of 220 km2 of Armenian sovereign territory, the killing of hundreds of soldiers, and actions that represent war crimes and crimes against humanity such as the extrajudicial execution of Armenian prisoners of war, raping of women, and torture of civilians;
2022/11/17
Committee: AFET
Amendment 41 #

2021/2231(INI)

Motion for a resolution
Recital B
B. whereas deadly military confrontations between Azerbaijan and Armeniathe trilateral statement of 9 November 2020 has not been fully implemented and the ceasefire continues to erupt periodicallybe repeatedly violated;
2022/11/17
Committee: AFET
Amendment 43 #

2021/2231(INI)

Motion for a resolution
Recital B a (new)
Ba. whereas Russian peace-keepers deployed in the region have been unwilling and unable to prevent further attacks from Azerbaijan, and their presence has been decreasing steadily, especially after the beginning of the Russian criminal war of aggression against Ukraine;
2022/11/17
Committee: AFET
Amendment 45 #

2021/2231(INI)

Motion for a resolution
Recital C
C. whereas the EU is committed to promoting a South Caucasus region that is secure, stable, peaceful and prosperous, basing its action on the promotion of democracy, rule of law and the respect for human rights; whereas Russia’s military aggression against Ukraine has serious security implications for the region; whereas the Treaty signed between Azerbaijan’s President, Ilham Aliyev, and the President of the Russian Federation, Vladimir Putin, the day before the begin of the Russian war of aggression against Ukraine has brought the relations between these two countries to the level of a fully-fledged alliance;
2022/11/17
Committee: AFET
Amendment 51 #

2021/2231(INI)

Motion for a resolution
Recital D
D. whereas the high-level meetings were held in Brussels between President Aliyev and Prime Minister Pashinyan, mediated by President Charles Michel, resulted in encouraging developments;
2022/11/17
Committee: AFET
Amendment 59 #

2021/2231(INI)

Motion for a resolution
Recital E
E. whereas a sustainable normalisation of relations between Armenia and Azerbaijan requires that all violence cease and that all the root causes of conflict be addressed in particular guaranteeing the rights and security of all the population of Nagorno-Karabakh;
2022/11/17
Committee: AFET
Amendment 71 #

2021/2231(INI)

Motion for a resolution
Recital F
F. whereas Azerbaijan is a reliable and trustworthy supplier of fossil fuels to the EU and whereas it is becoming increasingly important in this role;
2022/11/17
Committee: AFET
Amendment 79 #

2021/2231(INI)

Motion for a resolution
Recital H
H. whereas Azerbaijan’s record in terms of respect for human rights and fundamental freedoms is still unsatisfactory; dramatic with the government continuing to crackdown on critics and dissenting voices and the space for independent activists, NGOs, journalists, human rights defenders and political opposition being virtually extinguished;
2022/11/17
Committee: AFET
Amendment 83 #

2021/2231(INI)

Motion for a resolution
Recital H
H. whereas Azerbaijan’s record in terms of respect for human rights and fundamental freedoms is still unsatisfactoryvery negative;
2022/11/17
Committee: AFET
Amendment 87 #

2021/2231(INI)

Motion for a resolution
Recital H a (new)
Ha. whereas, in defiance of the First Article of the Azerbaijani Constitution and the law on freedom of assembly, the Azerbaijani authorities have imposed a ban on street protests by opposition and civil groups; whereas the citizens’ rights to free assembly are severely suppressed by the police and routinely end with the arrests of activists, in particular, those belonging to the political opposition;
2022/11/17
Committee: AFET
Amendment 95 #

2021/2231(INI)

Motion for a resolution
Recital H b (new)
Hb. whereas Russia´s war of aggression against Ukraine has had implications for the South Caucasus and has further complicated the security situation in the region;
2022/11/17
Committee: AFET
Amendment 106 #

2021/2231(INI)

Motion for a resolution
Paragraph 1
1. Considers that the Nagorno- Karabakh conflict has significantly hampered the development and stability of the whole South Caucasus region; is convinced that a sustainable peace between Armenia and Azerbaijan cannot be achieved through military means but requires a comprehensive political settlement in accordance with international law, including the principles enshrined in the UN Charter, the 1975 OSCE Helsinki Final Act and the OSCE Minsk Group’s Basic Principles; reaffirms that, in order to be effective, a comprehensive peace treaty must include provisions that guarantee the integrity of the Armenian sovereign territory, the safety of Armenian population residing in Nagorno-Karabakh and other conflict- afflicted areas, and the prompt and safe return of refugees and internally displaced people to their homes;
2022/11/17
Committee: AFET
Amendment 107 #

2021/2231(INI)

Motion for a resolution
Paragraph 1
1. Considers that the Nagorno- Karabakh conflict which over the years has caused immense suffering and destruction has significantly hampered the development and stability of the whole South Caucasus region; is convinced that a sustainable peace between Armenia and Azerbaijan cannot be achieved through military means but requires a comprehensive political settlement in accordance with international law, including the principles enshrined in the UN Charter, the 1975 OSCE Helsinki Final Act and the OSCE Minsk Group’s 2009 Basic Principles; recalls that the root cause of the conflict, which is the situation and security of the Armenian population of Nagorno-Karabakh and the status of the formerly autonomous region, remains unresolved;
2022/11/17
Committee: AFET
Amendment 118 #

2021/2231(INI)

Motion for a resolution
Paragraph 2
2. Strongly condemns the clashes that erupted on 12 Septemberlatest large- scale military aggression by Azerbaijan in September 2022 against multiple targets in the sovereign territory of Armenia which constituted a serious breach of the ceasefire and contradicted earlier commitments, including those made in the framework of EU-mediated talks; Condemns military incursions over non- delimited border since May 2021, urges the return of all forces to positions held before 12 May 20221 and their consequences for the peace processstresses that the latest September aggression has no link to the long-lasting conflict over Nagorno- Karabakh; denounces any attempts at undermining the peace process and urges all conflict parties to refrain from further use of force; reiterates that the territorial integrity of Armenia and Azerbaijan must be fully respected and underlines the EU’s readiness to be more actively involved in settling the region’s protracted conflicts;
2022/11/17
Committee: AFET
Amendment 132 #

2021/2231(INI)

Motion for a resolution
Paragraph 3
3. Urges Armenia and Azerbaijan to fully implement the tripartite ceasefire agreement of 9 November 2020; calls on Armenia and Azerbaijan to avoid using inflammatory rhetoric and to implement measures to prepare their respective populations for peaceful coexisteninsists on the urgent need to refrain from any hostile rhetoric or actions that may be perceived as inciting hatred or outright violence or as supporting impunity, or that risk undermining the efforts to establish and promote an atmosphere conducive to trust and reconciliation, cooperation and sustainable peace;
2022/11/17
Committee: AFET
Amendment 135 #

2021/2231(INI)

Motion for a resolution
Paragraph 3
3. Urges Armenia and Azerbaijan to fully implement the tripartite ceasefire agreement of 9 November 2020; calls on Armenia and Azerbaijan to avoid using inflammatory rhetoric that undermines the peace process and to implement measures to prepare their respective populations for peaceful coexistence; condemns Putin- style's rhetoric by Azeri President Alyiev, who described the Armenian political leadership as fascist in the aftermath of the September 2022 attack;
2022/11/17
Committee: AFET
Amendment 141 #

2021/2231(INI)

Motion for a resolution
Paragraph 3 b (new)
3b. Stresses that the legal status of Nagorno-Karabakh should be determined and accepted by both Armenia and Azerbaijan in order to secure the lasting settlement of the conflict; in this context underlines the need for such negotiations to take place under the mandate of the OSCE Minsk Group with active participation of its co-chairs and in close cooperation with the EU;
2022/11/17
Committee: AFET
Amendment 146 #

2021/2231(INI)

Motion for a resolution
Paragraph 4
4. Recalls that the EU’s passive stance during and immediately after the 2020 war gave other regional actors, such as Russia and Turkey, the opportunity to gain influence; strongly supports, therefore, the initiative taken by the President of the European Council Charles Michel to convene and mediate bilateral meetings of the leaders of Armenia and Azerbaijan in Brussels and encourages the work of the EU’s special representative for the South Caucasus and the crisis in Georgia; urges the governments of both countries to fully engage in the drafting of a comprehensive and mutually acceptable peace treaty and welcomes in this regard the meeting of the foreign affairs ministers of both countries on 30 September in Geneva;
2022/11/17
Committee: AFET
Amendment 152 #

2021/2231(INI)

Motion for a resolution
Paragraph 5
5. Takes note of the initial progress made on the process of border delimitation and encourages both sides to continue the work; welcomes the agreement to deploy a civilian EU mission to build trust and contribute to the border commissions; monitor the situation in the border regions of Armenia and Azerbaijan, to support confidence- building by monitoring adherence to the ceasefire and to support the work of the border commissions; welcomes Armenia’s willingness to facilitate the mission on their territory and calls on Azerbaijan to allow the presence of EU monitors on its side of the border as well; calls on the EU to consider prolonging and strengthening the mission as it contributes to increase security in the region while at the same time increases visibility of the EU in the region;
2022/11/17
Committee: AFET
Amendment 155 #

2021/2231(INI)

Motion for a resolution
Paragraph 5
5. Takes note of the initial progress madediscussions on the process of border delimitation; welcomes the agreement to deploy a civilian EUn EU monitoring mission to build trust and contribute to the border commissions; recalls that only Armenia accepted to host the monitoring mission on its side of the border; calls on the Council and the EEAS to increase the resources and personnel allocated to the monitoring mission, and to extend its mandate for all the time needed to find a solution that guarantees the territorial integrity of Armenia;
2022/11/17
Committee: AFET
Amendment 169 #

2021/2231(INI)

Motion for a resolution
Paragraph 6
6. Welcomes the humanitarian assistance provided by the EU for the conflict-affected population in and around Nagorno-Karabakh and its assistance for humanitarian demining in the areas affected by the conflict; calls on the Commission to increase EU assistance to people in need, including in Nagorno- Karabakh, facilitate the implementation of more ambitious confidence-building measures and enhance people-to-people contacts between citizens on both sides of the border;
2022/11/17
Committee: AFET
Amendment 182 #

2021/2231(INI)

Motion for a resolution
Paragraph 7 a (new)
7a. Condemns the footage that has appeared depicting the torture, mutilation and killing of an Armenian servicewoman and unarmed Armenian prisoners of war by Azerbaijani armed forces; calls for a full and impartial investigation of the videos to identify those responsible and hold them accountable for their actions;
2022/11/17
Committee: AFET
Amendment 199 #

2021/2231(INI)

Motion for a resolution
Paragraph 9
9. Encourages increased bilateral contacts between the political authorities of Armenia and Azerbaijan; as well as between their civil societies and therefore calls on the Commission to support civil society organisations in Armenia and Azerbaijan that genuinely contribute to reconciliation;
2022/11/17
Committee: AFET
Amendment 220 #

2021/2231(INI)

Motion for a resolution
Paragraph 10
10. Recognises the strategicTakes note of the role played by Azerbaijan as a provider of fossil fuels to the EU and welcomes its willingness tobut stresses that the EU external action, including its agreements with third countribute even more to the EU’s objectives, should be based on EU core values, in terms of security and diversification of energy supply and climate neutralityparticular the respect for democracy, rule of law and human rights;
2022/11/17
Committee: AFET
Amendment 224 #

2021/2231(INI)

Motion for a resolution
Paragraph 11
11. WelcomNotes the new mMemorandum of uUnderstanding on a Strategic Partnership in the Field of Energy between the EU and Azerbaijan signed by President Aliyev and Commission President von der Leyen in Baku on 18 July 2022, which lays the groundwork for future cooperation on green energy; regrets, however, that the Memorandum was signed without any conditionality based on the respect of fundamental freedoms, democracy and human rights and contributes to the EU dependence for energy supply, again, on a country that does not fully respect the European values and principles it has itself subscribed to, inter alia, as a member of the Council of Europe, the OSCE and the Eastern Partnership;
2022/11/17
Committee: AFET
Amendment 232 #

2021/2231(INI)

Motion for a resolution
Paragraph 12
12. Emphasises Azerbaijan’s potential as a producer of renewable energy;deleted
2022/11/17
Committee: AFET
Amendment 243 #

2021/2231(INI)

Motion for a resolution
Paragraph 13
13. Takes note of the progress made on the negotiation of a new bilateral cooperation agreement and calls on the negotiating parties to envisage enhanced cooperation outside the energy sector in the new agreement with particular attention on human rights, rules of law, democracy and good governance;
2022/11/17
Committee: AFET
Amendment 244 #

2021/2231(INI)

Motion for a resolution
Paragraph 13
13. Takes note of the progress made on the negotiation of a new bilateral cooperation agreement and calls on the negotiating parties to envisage enhanced cooperation outside the energy sector in the new agreement, particularly with regard to rule of law, democracy and human rights;
2022/11/17
Committee: AFET
Amendment 248 #

2021/2231(INI)

Motion for a resolution
Paragraph 14
14. Welcomes the significantTakes note of the trade flows between the EU and Azerbaijan and the high level of EU investment in Azerbaijan;
2022/11/17
Committee: AFET
Amendment 264 #

2021/2231(INI)

Motion for a resolution
Paragraph 16
16. Calls on EU institutions to ensure that any deepening of relations between the EU and Azerbaijan remainsmust be conditional on the country making substantial , effective and tangible progress on respect for the core values and principles of democracy, human rights and fundamental freedoms;
2022/11/17
Committee: AFET
Amendment 269 #

2021/2231(INI)

Motion for a resolution
Paragraph 16 a (new)
16a. Is strongly concerned about the pressure put upon citizens exercising their constitutional rights in Azerbaijan; calls on the government of Azerbaijan to respect the rights of its citizens, including the right to peaceful assembly;
2022/11/17
Committee: AFET
Amendment 277 #

2021/2231(INI)

Motion for a resolution
Paragraph 17
17. Deeply regrets the current state of press freedom in Azerbaijan; expresses its concern at the new law on media adopted in December 2021; calls for a swift review of that law in accordance with the recommendations included in the opinion of the Venice Commission of 17-18 June 2022; urges Azerbaijan to stop persecuting bloggers and journalist, journalists and media organisations;
2022/11/17
Committee: AFET
Amendment 287 #

2021/2231(INI)

Motion for a resolution
Paragraph 18
18. Strongly insists thatUrges Azerbaijan to cease all persecution and repression of political opposition activists, students, human rights defenders and civil society organisations and representatives; reiterates its position that the release of all political prisoners is an indispensable condition for a new Partnership Agreement between the EU and Azerbaijan;
2022/11/17
Committee: AFET
Amendment 295 #

2021/2231(INI)

Motion for a resolution
Paragraph 18 a (new)
18a. Notes with regret the fact that Azerbaijan has not fully complied with the decisions of the European Court of Human Rights;
2022/11/17
Committee: AFET
Amendment 301 #

2021/2231(INI)

Motion for a resolution
Paragraph 19
19. Underlines the importance of gender equality and the representation of women at all levels of governmentsocial and political life;
2022/11/17
Committee: AFET
Amendment 302 #

2021/2231(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Deeply regrets Azerbaijan’s failure to fully implement the Council of Europe’s Framework Convention on the Protection of the National Minorities, ratified by Azerbaijan, which violates Azerbaijan’s commitment to protect the rights of the ethnic minorities such as Lezgins, Talysh, Armenians, Kurds and others;
2022/11/17
Committee: AFET
Amendment 307 #

2021/2231(INI)

Motion for a resolution
Paragraph 20 a (new)
20a. Is strongly concerned that the draft Law On Political Parties may further limit the freedom of association of Azerbaijanis by making it more difficult to register political parties; urges the Azerbaijani authorities to consult with international experts, including the OSCE/ODIHR and the Venice Commission of the Council of Europe, and take into account their feedback on the draft law;
2022/11/17
Committee: AFET
Amendment 315 #

2021/2231(INI)

Motion for a resolution
Paragraph 20 b (new)
20b. Condemns the censorship on the access to information in Azerbaijan and calls on the authorities to improve access to the internet and communications coverage;
2022/11/17
Committee: AFET
Amendment 329 #

2021/2231(INI)

Motion for a resolution
Paragraph 21
21. Expresses its concern at the persistent lack of independence, impartiality and effectiveness of the judiciary as well as transparency of its decisions;
2022/11/17
Committee: AFET
Amendment 332 #

2021/2231(INI)

Motion for a resolution
Paragraph 22
22. Takes good note ofRegrets the limited progress made by Azerbaijan on the prevention ofand fight against corruption; calls on Azerbaijan to address the lack of an effective system of asset disclosure for members of parliament, judges and prosecutors;
2022/11/17
Committee: AFET
Amendment 336 #

2021/2231(INI)

Motion for a resolution
Paragraph 22 a (new)
22a. Condemns the persecution of political opponents and calls for elections in accordance with international standards and in respect of Azerbaijan’s commitments as an OSCE participating state;
2022/11/17
Committee: AFET
Amendment 340 #

2021/2231(INI)

Motion for a resolution
Paragraph 22 b (new)
22b. Emphasizes the need to make any further cooperation between the EU and Azerbaijan, conditional on the country´s respect for international standards and its international commitments, in particular related to democracy, human rights and the rule of law;
2022/11/17
Committee: AFET
Amendment 342 #

2021/2231(INI)

Motion for a resolution
Paragraph 22 c (new)
22c. Underlines that good governance and respect for international law and standards are paramount to achieve long- lasting peace with Azerbaijan´s neighbours and in the wider region;
2022/11/17
Committee: AFET
Amendment 345 #

2021/2231(INI)

Motion for a resolution
Paragraph 23
23. Strongly wWelcomes Azerbaijan’s repeatedofficial support for the independence, sovereignty and territorial integrity of Ukraine as well as the humanitarian aid provided to Ukraine during the ongoing war; takes note that just one day before the criminal aggression perpetrated by Russia on Ukraine, President Vladimir Putin signed a wide-ranging agreement with his Azerbaijani counterpart, Ilham Aliyev, deepening their diplomatic and military cooperation. and bringing the relation among the two countries to the level of an alliance; is worried by the ambiguity created by the signing of this agreement and calls on President Aliyev to clarify exactly what it entails;
2022/11/17
Committee: AFET
Amendment 347 #

2021/2231(INI)

Motion for a resolution
Paragraph 23
23. Strongly welcomes Azerbaijan’s repeatedNotes the lack of support, shown by Azerbaijan to the resolutions voted in the UN General Assembly on Russia’s war of aggression against Ukraine and in support ofor the independence, sovereignty and territorial integrity of Ukraine as well as; welcomes however the humanitarian aid provided to Ukraine during the ongoing warby Azerbaijan;
2022/11/17
Committee: AFET
Amendment 12 #

2021/2230(INI)

Motion for a resolution
Citation 15 a (new)
— having regard to its resolution of 15 April 2015 on the centenary of the Armenian Genocide,
2022/11/24
Committee: AFET
Amendment 21 #

2021/2230(INI)

Motion for a resolution
Recital B
B. whereas periodical deadly military confrontations between Azerbaijan and Armenia continue; whereas the 9 November 2020 ceasefire agreement, introduced after the 44-day war triggerstarted by Azerbaijan in 2020, has been violated several times resulting in more casualties; whereas in his several statements, including in the most recent speech delivered at «an event organized on the occasion of Victory Day» on November 8 2022, President Aliyev admitted that Azerbaijan had started the war in 2020, stated that ''on the whole, the international attitude towards the 44-day war was positive” and once again threatened to use force against Armenia;
2022/11/24
Committee: AFET
Amendment 22 #

2021/2230(INI)

Motion for a resolution
Recital B
B. whereas periodical deadly military confrontations between Azerbaijan and Armenia continue; whereas the 9 November 2020 ceasefire agreement, introduced after the 44-day war triggered by Azerbaijan in 2020, has been violated several times resulting in more casualties; whereas the latest Azerbaijan’s military aggression of September 2022 has resulted in the occupation of 220 km2 of Armenian sovereign territory, the killing of hundreds of soldiers, and actions that represent war crimes and crimes against humanity such as the extrajudicial execution of Armenian prisoners of war, raping of women, and torture of civilians;
2022/11/24
Committee: AFET
Amendment 26 #

2021/2230(INI)

Motion for a resolution
Recital B a (new)
Ba. whereas the Nagorno-Karabakh conflict has not been yet resolved and requires a comprehensive solution; whereas two years after the signing of the ceasefire statement in November 2020, which ended the 44-day war, humanitarian issues are still pending; whereas Armenia has handed all the minefield maps at its disposal; whereas Azerbaijan has been using the demand for the maps to artificially delay the return of Armenian POWs; whereas there are still 33Armenian POWs illegally kept in Baku and sentenced to imprisonments of 4 to 20 years;
2022/11/24
Committee: AFET
Amendment 30 #

2021/2230(INI)

Motion for a resolution
Recital B b (new)
Bb. whereas during the military aggression by Azerbaijan in September 2022 civilian objects and infrastructure in the three provinces of the Republic of Armenia, namely Gegharkunik, Syunik, and Vayots Dzor, came under shelling of Azerbaijani forces, which left 7600 persons displaced, including1437 children;
2022/11/24
Committee: AFET
Amendment 53 #

2021/2230(INI)

Motion for a resolution
Recital D a (new)
Da. whereas the alleged Russian readiness to guarantee the security of Armenia has proven non-existing as demonstrated by the lack of response to the Azerbaijan’s continuous attacks even in the light of the Armenian attempt to resort to the Collective Security Treaty Organization (CSTO); whereas democratic parties and the civil society in Armenia started to question the country’s membership in the CSTO; whereas Russian peace-keepers deployed in the region were unwilling and unable to prevent further attacks from Azerbaijan, and their presence has been decreasing steadily, especially after the begin of the Russian criminal war of aggression against Ukraine;
2022/11/24
Committee: AFET
Amendment 56 #

2021/2230(INI)

Motion for a resolution
Recital E
E. whereas EU-Armenia relations are based on common values, such as democracy, the rule of law, human rights and fundamental freedoms, and a shared interest of Armenia’s engagement in economic and political reforms as well as regional cooperation, including in the framework of the Eastern Partnership; whereas the final aim of the Union should be to support Armenia in its process of reforms and to support the EU- membership aspiration of the country and its people;
2022/11/24
Committee: AFET
Amendment 68 #

2021/2230(INI)

Motion for a resolution
Recital F
F. whereas Russia’s military aggression against Ukraine has had implications for the South Caucasus and has further complicated the security situation in the region; whereas the Treaty signed between Azerbaijan’s President, Ilham Aliyev, and the President of the Russian Federation, Vladimir Putin, the day before the begin of the Russian war of aggression against Ukraine has brought the relations between these two countries to the level of a fully-fledged alliance;
2022/11/24
Committee: AFET
Amendment 74 #

2021/2230(INI)

Motion for a resolution
Recital F a (new)
Fa. whereas despite Azerbaijani authorities releasing some Armenian prisoners of war, an undisclosed number of them, both military and civilians, are still detained in Azerbaijan in unknown conditions;
2022/11/24
Committee: AFET
Amendment 78 #

2021/2230(INI)

Motion for a resolution
Paragraph 1
1. Considers that the Nagorno- Karabakh conflict, which over the years has caused immense suffering and destruction, has significantly hampered the socio-economic development and stability of the whole South Caucasus region; is convinced that a durable and sustainable peace between Armenia and Azerbaijan cannot be achieved through military means but requires a comprehensive political settlement in accordance with international law, including the principles enshrined in the UN Charter, the 1975 OSCE Helsinki Final Act and the OSCE Minsk Group’s 2009 Basic Principles; reaffirms that, in order to be effective, a comprehensive peace treaty must include provisions that guarantee the integrity of the Armenian sovereign territory, the safety of Armenian population residing in Nagorno-Karabakh and other conflict- afflicted areas, and the prompt and safe return of refugees and internally displaced people to their homes;
2022/11/24
Committee: AFET
Amendment 89 #

2021/2230(INI)

Motion for a resolution
Paragraph 2
2. Strongly condemns the large-scale military attack by Azerbaijan in September 2022 against multiple targets in the sovereign territory of Armenia, the brutality that characterised the attack, and its consequences for the peace process; reiterates that the territorial integrity of Armenia and Azerbaijan must be fully respected and underlinencourages the EU’s readiness to be more actively involved in settling the region’s protracted conflicts;
2022/11/24
Committee: AFET
Amendment 98 #

2021/2230(INI)

Motion for a resolution
Paragraph 3
3. Urges Armenia and Azerbaijan to fully implement the tripartite ceasefire agreement of 9 November 2020 and to urgently implement measures to prepare their respective populations for peaceful coexistence; calls on the Azerbaijani authorities to avoid using inflammatory rhetoric which threatens to undermine the peace process, as it happened with the use of a Putin-style rhetoric by Azeri President Alyiev, who described the Armenian political leadership as fascist in the aftermath of the September 2022 attack;
2022/11/24
Committee: AFET
Amendment 118 #

2021/2230(INI)

Motion for a resolution
Paragraph 4
4. Recalls that the EU’s passive stance during and immediately after the 2020 war gave other regional actors, such as Russia and Turkey, the opportunity to gain influence; strongly supports, therefore, the initiative taken by the President of the European Council Charles Michel to convene and mediate bilateral meetings of the leaders of Armenia and Azerbaijan in Brussels and encourages the work on the ground of the EU’s special representative for the South Caucasus and the crisis in Georgia; urges the governments of both countries to fully engage in the drafting of a comprehensive and mutually acceptable peace treaty and welcomes in this regard the meetings of the foreign affairs ministers of both countries;
2022/11/24
Committee: AFET
Amendment 124 #

2021/2230(INI)

Motion for a resolution
Paragraph 5
5. Takes note of the initial discussions on the process of border delimitation; welcomes the agreement to deploy a civilian EUn EU monitoring mission to build trust and contribute to the border commissions; recalls that only Armenia accepted to host the monitoring mission on its side of the border; calls on the Council and the EEAS to increase the resources and personnel allocated to the monitoring mission, and to extend its mandate for all the time needed to find a solution that guarantees the territorial integrity of Armenia;
2022/11/24
Committee: AFET
Amendment 148 #

2021/2230(INI)

Motion for a resolution
Paragraph 7
7. Continues to be concerned about the fate of Armenian prisoners, both military and civilian, detained during and after the conflict and still held by Azerbaijan and welcomes the release of some of them; demands that in accordance with international humanitarian law and the third Geneva Convention, Azerbaijani authorities treat Prisoners of war humanely in all circumstances; calls for the immediate and unconditional release of all the remaining detainees, including those captured during the recent military confrontations, and that they be treated in accordance with international humanitarian law;
2022/11/24
Committee: AFET
Amendment 159 #

2021/2230(INI)

Motion for a resolution
Paragraph 8
8. Condemns in the strongest possible terms the footage that has appeared depicting the torture, mutilation and killingextrajudicial executions of an Armenian servicewoman and unarmed Armenian prisoners of war by Azerbaijani armed forces; calls for a full and impartial investigation of the videos to identify those responsible and hold them accountable for their actions;
2022/11/24
Committee: AFET
Amendment 180 #

2021/2230(INI)

Motion for a resolution
Paragraph 11
11. Supports the normalisation of relations between Armenia and Turkey and welcomes the progress achieved so far; calls for the speedy implementation of agreements reached by the special representatives; calls on both sides to engage in the process in good faith and without preconditions; recalls that the previous attempt of normalisation of relations between Armenia and Turkey through the signing of 2009 protocols failed because of Turkey's unilateral support for Azerbaijan and conditioning the opening of border and establishment of diplomatic relations with Armenia on the Nagorno-Karabakh conflict; deplores the signals coming from the Turkish authorities that the current process is closely coordinated with Azerbaijan and emphasizes its calls on Turkey not to repeat the mistake of the past and to take concrete steps in the ongoing process with Armenia;
2022/11/24
Committee: AFET
Amendment 200 #

2021/2230(INI)

Motion for a resolution
Paragraph 14
14. Welcomes the early parliamentary elections of 2021 which confirmed the strength of democracy in Armenia and the support of its people for the reform agenda; encourages the government to continue implementing reforms, despite the difficult international context and the challenges Armenia is facing; calls on the Commission and the Council to increase its political and diplomatic support to Armenia also in light of the assertiveness of its neighbours; reiterates that the EU is the largest donor supporting Armenia’s reform process;
2022/11/24
Committee: AFET
Amendment 215 #

2021/2230(INI)

Motion for a resolution
Paragraph 15
15. Underlines the important role of civil society in the shaping and implementation of key reforms; advocates for a thorough EU support for Armenian civil society;
2022/11/24
Committee: AFET
Amendment 220 #

2021/2230(INI)

Motion for a resolution
Paragraph 16
16. Underlines the importance of media freedom, freedom of expression and freedom of assembly for preserving a vibrant democracy; welcomes the improvements in media freedom in Armenia as reported by the World Press Freedom Index 2022 that ranked Armenia at the 51st place while it was at the 63rd place in 2021; encourages the national authorities to continue to implement reforms for improving media freedom in the country; is concerned by the presence of disinformation and harsh rhetoric;
2022/11/24
Committee: AFET
Amendment 258 #

2021/2230(INI)

Motion for a resolution
Paragraph 21 a (new)
21a. Welcomes the visit of the Director General of the International Atomic Energy Agency (IAEA) to Armenia in October 2022 and the IAEA support for ensuring that Armenia’s nuclear program is safe and secure; welcomes also Armenia's commitment to "Rays of Hope" initiative and its positive example in achieving "CancerCare4All”, as stated during the above-mentioned visit;
2022/11/24
Committee: AFET
Amendment 10 #

2021/2183(INI)

Motion for a resolution
Citation 10 a (new)
— having regard to its resolution of 7 October 2021 on the State of EU cyber defence capabilities,
2021/10/29
Committee: AFET
Amendment 26 #

2021/2183(INI)

Motion for a resolution
Citation 27 a (new)
— having regard to the Charter of the United Nations and the Helsinki Final Act of 1975 of the Organisation for Security and Cooperation in Europe,
2021/10/29
Committee: AFET
Amendment 27 #

2021/2183(INI)

Motion for a resolution
Citation 27 b (new)
— having regard to the United Nations Convention on the Law of the Sea (UNCLOS),
2021/10/29
Committee: AFET
Amendment 31 #

2021/2183(INI)

Motion for a resolution
Citation 29 b (new)
— having regard to the United Nations Sustainable Development Goals, paying special attention to SDG 16 that aims to promote peaceful and inclusive societies for sustainable development,
2021/10/29
Committee: AFET
Amendment 76 #

2021/2183(INI)

Motion for a resolution
Paragraph 2
2. Notes that 2020 was dominated by the COVID-19 pandemic, which exposed our dependencies vis-à-vis the rest of the world; stresses that the EU must learn lessons from this with a view, in particular, to increasing its resilience and strategic autonomy; stresses that energy security is an important component in achieving strategic autonomy;
2021/10/29
Committee: AFET
Amendment 125 #

2021/2183(INI)

Motion for a resolution
Paragraph 5
5. Stresses that the Strategic Compass must make it possible to strengthen the Union’s capacity to act as an increasingly credible strategic partner and a global actor for peace; stresses that this exercise must be regularly updated, must set out an ambitious and operational course – with a timetable for the implementation of decisions and monitoring mechanisms – and must enable the Union to have a coherent defence policy, a common strategic culture, a capacity to anticipate threats and provide a rapid and coordinated reaction and a capacity for autonomous resilience, to be able to mobilise resources on the basis of solidarity when a Member State is threatened and requests them, and ultimately to play a part inensure the protection of European citizens, interests and values;
2021/10/29
Committee: AFET
Amendment 131 #

2021/2183(INI)

Motion for a resolution
Paragraph 5 a (new)
5a. Underlines the crucial need to boost intelligence support for EU security and defence policy; underlines that the work of EU IntCen and EUMS INT is dependent on the willingness of Member States to share information: calls to increase its financial and technical resources; agrees with the analysis made by EC President SOTEU 2021 address that the EU needs to improve intelligence cooperation; welcomes the proposal to consider setting up an EU Joint Situational Awareness Centre, a crucial tool to improve strategic foresight and the EU strategic autonomy; calls for exploring the possibilities to set up an EU intelligence agency;
2021/10/29
Committee: AFET
Amendment 139 #

2021/2183(INI)

Motion for a resolution
Paragraph 6
6. Recalls that the Union is currently deploying 11 civilian missions and six military missions and operations; recalls that only three of the military missions are executive missions; notes that these missions and operations are suffering the impact of the COVID-19 pandemic, which has limited their effectiveness; suggests that the budget, planning and equipment of EU CSDP missions and operations be assessed in the light of the lessons learnt from COVID-19;
2021/10/29
Committee: AFET
Amendment 227 #

2021/2183(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Regrets the overall destabilising role of Turkey in Syria, Iraq, Libya and Nagorno Karabakh, that threatens regional peace, security and stability in the regions; is extremely concerned by, and strongly condemns, the illegal activities and threats of military action against EU Member States, notably Greece and Cyprus, carried out by Turkey in the Eastern Mediterranean and its new announced illegal activities within Cypriot and Greek maritime zones; Deplores the fact that despite the efforts for de- escalation, Turkey continues its unilateral provocative actions, violating international law and the sovereign rights of EU Member States in the area; reiterates the Union’s readiness to use all instruments and options at its disposal, including in accordance with Article 29 TEU and Article 215 of the Treaty on the Functioning of the European Union (TFEU), in order to defend its interests and those of its Member States, as well as to uphold regional stability;
2021/10/29
Committee: AFET
Amendment 232 #

2021/2183(INI)

Motion for a resolution
Paragraph 14 b (new)
14b. Calls for the EU to play a significant role in the Mediterranean, having become an actor with the ability to guarantee the stability of the region, including in relation to energy security, inter alia, by defending Projects of Common Interest in the field of energy, combating organised crime, terrorism and irregular migration and take all appropriate measures for preventing the instrumentalisation of migration from third countries against EU Member States;
2021/10/29
Committee: AFET
Amendment 252 #

2021/2183(INI)

Motion for a resolution
Paragraph 17
17. Is deeply concerned about the low force generation for operations and missions, and urges the Member States to address this matter as soon as possible and give CSDP missions and operations the necessary personnel and capabilities to fulfil their mandates; considers that third- country participation in CSDP operations and missions must always be in line with European interests and values; calls on the EU to provide staff in missions and operations with appropriate equipment and training to become more alert and more resilient under less permissive conditions;
2021/10/29
Committee: AFET
Amendment 272 #

2021/2183(INI)

19a. Recalls the importance of ensuring the coherence of EU policy as regards situations involving the occupation or annexation of territory;
2021/10/29
Committee: AFET
Amendment 273 #

2021/2183(INI)

Motion for a resolution
Paragraph 19 b (new)
19b. Calls for a more systematic implementation of UNSCR 1325 on Women, Peace and Security(WPS) and of UNSCR 2250 on Youth, Peace and Security (YPS), and for a strengthening of the EU’s WPS and YPS agenda; calls for meaningful gender mainstreaming in the formulation of the EU CSDP, notably via a better gender balance in the personnel and leadership of CSDP missions and operations and specific training of the personnel deployed;
2021/10/29
Committee: AFET
Amendment 287 #

2021/2183(INI)

Motion for a resolution
Paragraph 20 a (new)
20a. Is of the view that the valuable contribution of the armed forces during the COVID-19 pandemic has shown the importance of the use of Member States’ military assets and capabilities in support of the Union Civil Protection Mechanism; encourages the setting up of an EU emergency military unit, aimed at facilitating the cross-border use of military logistical capabilities to face emergencies, in order to allow for greater coordination, synergy and solidarity, in assistance to civil support operations;
2021/10/29
Committee: AFET
Amendment 364 #

2021/2183(INI)

Motion for a resolution
Paragraph 26
26. Condemns the malicious acts committed against Member States; insists that the Union and the Member States react firmly and in coordination against any new malicious, illegal or destabilising activity; calls on the Union to work towards the creation of a legal instrument to respond to hybrid threats and to develop a comprehensive cyber capacity; calls for a revision of the cyber-defence policy framework in order to increase the prevention and deterrence capacity of the Union and its Member States; welcomes therefore the 2021 SOTEU announcement to set up a European cyber defence policy; welcomes the increased cooperation among Member States in the domain of cyber defence in the framework of the Permanent Structured Cooperation (PESCO), including Cyber Rapid Response Teams; recalls that the successful implementation of EU missions and operations is increasingly dependent on uninterrupted access to a secure cyberspace, and thus requires robust and resilient cyber operational capabilities, as well as adequate responses to attacks against military installations, missions and operations; calls for increased EU coordination as regards establishing collective attribution for malicious cyber incidents;
2021/10/29
Committee: AFET
Amendment 381 #

2021/2183(INI)

Motion for a resolution
Paragraph 26 b (new)
26b. considers large-scale disinformation campaigns as a form of hybrid warfare; calls to have a wide-range EU disinformation toolbox, which would not only focus on enhancing Member States’ and stakeholders’ resilience to disinformation, put mandatary requirements onto social platforms and allow citizens’ to make informed decisions, but would also improve the EU’s ability to source and attribute massive disinformation and to sanction State and non-State actors launching it ;
2021/10/29
Committee: AFET
Amendment 387 #

2021/2183(INI)

Motion for a resolution
Paragraph 27 a (new)
27a. Calls for the creation of a dedicated strategic autonomy Fund, to help build a stronger and more competitive European defence and security ecosystem and to streamline and further incentivize investments in critical sectors, such as cyber;
2021/10/29
Committee: AFET
Amendment 396 #

2021/2183(INI)

Motion for a resolution
Paragraph 28
28. Calls on the Union to develop a space defence strategy, which is essential for its strategic autonomy in space, in the areas of communication, navigation and intelligence; encourages the Union to improve its situational awareness and geo- intelligence support; stresses the importance of the Union having its own launchers; insists that the Union should lead the way in strengthening the increasingly contested area of international space law and to strive to prevent the weaponisation of space;
2021/10/29
Committee: AFET
Amendment 404 #

2021/2183(INI)

Motion for a resolution
Paragraph 28 a (new)
28a. Notes the important work conducted by EU SatCen and underlines that the Union must have adequate resources in the fields of space imagery and intelligence-gathering, stresses that EU SatCen should benefit from structural Union funding to be able to maintain its contributions to the Union’s actions, notably in order to provide high- resolution satellite imaging in support of CSDP missions and operations;
2021/10/29
Committee: AFET
Amendment 430 #

2021/2183(INI)

Motion for a resolution
Paragraph 32
32. Notes that the pandemic has exposed our vulnerabilities and; Notes that the EU did not have the full capacities and capabilities to ensure the safe and coordinated evacuation of its citizens from Afghanistan; calls, therefore, for a reduction in Europe’s strategic dependencies;
2021/10/29
Committee: AFET
Amendment 485 #

2021/2183(INI)

Motion for a resolution
Paragraph 37
37. Stresses that the EDF must promote the build-up of European industrial sectors and European champions, and foster the competitiveness of SMEs, with multiannual programming, and take advantage of civilian-defence synergies;
2021/10/29
Committee: AFET
Amendment 492 #

2021/2183(INI)

Motion for a resolution
Paragraph 38 – introductory part
38. Welcomes the fact that the PESCO strategic review has led to a reduction and more focus in the number of projects and an increase in its political monitoring; laments the fact that Parliament has been excluded from the monitoring of its implementation; considers that the Strategic Compass should aim to:
2021/10/29
Committee: AFET
Amendment 539 #

2021/2183(INI)

Motion for a resolution
Paragraph 40
40. Calls for support to be given to strengthening and preserving the conventional arms control architecture in Europe, in a context of gradual erosion marked by Russia’s withdrawal from the Treaty on Open Skies; calls for disarmament regimes and forums to be actively supported and strengthened in every aspect: universalisation, support for implementation, political and institutional support, and financial support; calls on the Union to pay particular attention to chemical, biological, radiological and nuclear (CBRN) risk, with particular emphasis on the prohibition regime and conventional obligations under the Chemical Weapons Convention (CWC) and the fight against impunity; welcomes the extension of the New START Treaty and laments the end of the Intermediate Nuclear Forces Treaty (INF); reaffirms its full support for the EU and its Member States’ commitment to the NPT as the cornerstone of the nuclear non- proliferation and disarmament regime; reiterates its calls for the adoption of concrete and effective measures during the 10thNPT Review Conference; insists on the need to ensure that the EU plays a strong and constructive role in developing and reinforcing the global rules-based non-proliferation efforts and arms control and disarmament architecture;
2021/10/29
Committee: AFET
Amendment 545 #

2021/2183(INI)

Motion for a resolution
Paragraph 40 a (new)
40a. Is of the firm view that, as the EU is increasingly ambitious in the defence area, there is a need for greater convergence and consistency in the Member States’ arms export policies; calls on Member States to fully comply with the Common Position, and strictly implement criterion 4 on regional stability and halt any export of military equipment that could be used against other EU Member States; calls for a sanctions mechanism to be put in place against Member States that do not comply with the Common Position;
2021/10/29
Committee: AFET
Amendment 548 #

2021/2183(INI)

Motion for a resolution
Paragraph 40 b (new)
40b. Urges the Member States to comply with the EU Code of Conduct on Arms Exports; reiterates the need for the strict application by all Member States of the rules laid down in Council Common Position 2008/944/CFSP; recalls that Member States committed to strong national positions regarding their arms export policy to Turkey on the basis of the provisions of Common Position 2008/944/CFSP, including the strict application of criterion 4 on regional stability; reiterates its calls on the VP/HR, for as long as Turkey continues with its current illegal, unilateral actions and military presence in the Eastern Mediterranean that run counter to the sovereignty of any Member State (notably Greece and Cyprus) and international law, and does not engage in dialogue based on international law, to introduce an initiative in the Council for all Member States to halt arms export for all types of military equipment, including weapons, weapons for dual-use goods and know how, to Turkey in accordance with the Common Position;
2021/10/29
Committee: AFET
Amendment 561 #

2021/2183(INI)

Motion for a resolution
Paragraph 41
41. Stresses that the Union should adopt a strategic approach to its partnerships based, in particular, on the defence of its interests and, strategic autonomy and values;
2021/10/29
Committee: AFET
Amendment 579 #

2021/2183(INI)

Motion for a resolution
Paragraph 42 a (new)
42a. Regrets the little consultation and information of EU Allies on the Afghanistan withdrawal and on the AUKUS trilateral security pact; underlines these remind the EU once more of the urgent need to deliver on EU defence in order to ensure the EU ability to be a global player for peace;
2021/10/29
Committee: AFET
Amendment 589 #

2021/2183(INI)

Motion for a resolution
Paragraph 43
43. Calls for a stronger NATO supported by a stronger European Union, and wishes to see very tangible development in the EU-NATO partnership in full respect of the principles of inclusiveness, reciprocity and decision- making autonomy of both organizations; calls, in this context, for NATO’s new strategic concept to be coherent with the EU’s Strategic Compass;
2021/10/29
Committee: AFET
Amendment 613 #

2021/2183(INI)

Motion for a resolution
Paragraph 45
45. Calls for closer relations with non- traditional partners in the Indo-Pacific region (India, Japan, Australia), and in specific policy sectors (cybersecurity, hybrid, maritime, arms control, etc.), and with the Association of Southeast Asian Nations (ASEAN) and with Latin American countries;
2021/10/29
Committee: AFET
Amendment 645 #

2021/2183(INI)

Motion for a resolution
Paragraph 47
47. Calls for cooperation on training and capacity building with third countries weakened by conflicts or regional threats or targeted by malicious foreign interferences, especially in the Western Balkans and Eastern Partnership regions;
2021/10/29
Committee: AFET
Amendment 653 #

2021/2183(INI)

Motion for a resolution
Paragraph 47 b (new)
47b. Recognises the role of increased flow of illicit finances in tax havens and the risk they pose on increased militarisation and financing terrorist activities, worsening global instability; calls for more actions in curbing money laundering, and capacitating partners, especially in Africa and Latin America, with mechanisms to curb murky financial transactions including engagement of authorities in tax havens;
2021/10/29
Committee: AFET
Amendment 661 #

2021/2183(INI)

Motion for a resolution
Paragraph 48
48. Calls on citizens to express their expectations as regards the CSDP architecture, peace, defence, security agenda and the role of the EU in the World in the course of the Conference on the Future of Europe; calls for the establishment of a fully-fledged Security and Defence Committee in the European Parliament and for the formalisation of an EU Council of Defence Ministers;
2021/10/29
Committee: AFET
Amendment 668 #

2021/2183(INI)

Motion for a resolution
Paragraph 49
49. Points out that Parliament should be consulted in advance and duly informed on the planning, modification and possibility of ending CSDP missions; is determined to play its full role in scrutinising the Global Europe instrument, in particular its peace and security dimension, and in the implementation of the EDF;
2021/10/29
Committee: AFET
Amendment 675 #

2021/2183(INI)

Motion for a resolution
Paragraph 51 a (new)
51a. Stresses the need to develop ever- closer cooperation on CSDP matters with national parliaments in order to reinforce accountability and scrutiny and defence diplomacy;
2021/10/29
Committee: AFET
Amendment 9 #

2021/2063(INI)

Motion for a resolution
Citation 9
— having regard to the EurosystemCB staff macroeconomic projections for the euro area published on 10 June9 September 2021,
2021/10/13
Committee: ECON
Amendment 29 #

2021/2063(INI)

Motion for a resolution
Recital B
B. whereas, according to Eurostat, the unemployment rate in JulyAugust 2021 stood at 6.98 % in the EU and 7.65 % in the euro area, spread in an uneven way across the EU and within Member States and with unemployment rates among young people and women remaining much higher;
2021/10/13
Committee: ECON
Amendment 33 #

2021/2063(INI)

Motion for a resolution
Recital C
C. whereas, according to the EurosystemCB staff macroeconomic projections of JuneSeptember 2021, annual inflation for the euro area in the Harmonised Index of Consumer Prices (HICP) will be 1.92.2 % in 2021, and is expected to decrease to 1.57 % in 2022 and 1.45 % in 2023 on average; whereas inflation projections show substantial variance across the euro area;
2021/10/13
Committee: ECON
Amendment 41 #

2021/2063(INI)

Motion for a resolution
Recital D a (new)
D a. whereas in 2020, the ECB`s net profit amounted to EUR 1,643 million, compared to EUR 2,366 million in 2019, a drop that is mainly attributable to the significant drop of 50% in interest income generated on the US dollar portfolio;
2021/10/13
Committee: ECON
Amendment 54 #

2021/2063(INI)

Motion for a resolution
Recital E a (new)
E a. whereas according to the Spring 2021 Eurobarometer survey, the public support for the European economic and monetary union with one single currency, the euro, was 79 % in the euro area;
2021/10/13
Committee: ECON
Amendment 71 #

2021/2063(INI)

Motion for a resolution
Paragraph 1
1. Highlights that the statutory independence of the ECB is a prerequisite for it to fulfil its mandate; highlights that central bank independence should always be complemented by a corresponding level of accountability;
2021/10/13
Committee: ECON
Amendment 75 #

2021/2063(INI)

Motion for a resolution
Paragraph 2
2. Welcomes the ECB Monetary Policy Strategy Review adopted unanimously and announced on 8 July 2021, which sets out how to achieve the primary objective of maintaining price stability and contribute to the achievement of the Union’s objectives, which include balanced and sustainable economic growth, highly competitive social market economy aiming at full employment and social progress and convergences, and a high level of protection and improvement of the quality of the environment, without prejudice to the objective of price stability;
2021/10/13
Committee: ECON
Amendment 104 #

2021/2063(INI)

Motion for a resolution
Paragraph 5
5. Agrees with the ECB President’s statement of 10 June 2021 that ‘an ambitious and coordinated fiscal stance remains crucial, as a premature withdrawal of fiscal support would risk weakening the recovery and amplifying the longer-term scarring effects’, implying that European and national fiscal policies should continue to aid those households and businesses which were most severely impacted by the pandemic;
2021/10/13
Committee: ECON
Amendment 130 #

2021/2063(INI)

Motion for a resolution
Paragraph 8
8. Welcomes the ECB’s substantially eased monetary policy stance in response to the COVID-19 crisis, which includes the introduction of the pandemic emergency purchase programme (PEPP), the relaxation of the eligibility and collateral criteria and the offer of new longer-term refinancing operations, in particular the pandemic emergency longer-term refinancing operations (PELTROs); welcomes, moreover, the ECB’s decision to maintain instruments, such as forward guidance, asset purchases and longer-term refinancing operations, as an integral part of its toolkit;
2021/10/13
Committee: ECON
Amendment 137 #

2021/2063(INI)

Motion for a resolution
Paragraph 9
9. Welcomes the ECB’s decision to continue to conduct net asset purchases at a significantly higher pace under the PEPP until at least the end of March 2022the COVID-19 crisis phase is over and in any case until at least the end of March 2022; welcomes the ECB’s decision to increase the size of the PEPP from the initial EUR 750 billion to EUR 1,850 billion; stresses the importance of keeping it in place as long as necessary;
2021/10/13
Committee: ECON
Amendment 156 #

2021/2063(INI)

Motion for a resolution
Paragraph 10
10. Welcomes the ECB’s expectation that monthly net asset purchases under the asset purchase programme (APP) will continue to run for as long as necessary to reinforce the accommodative impact of its policy rates at a monthly rate of 20 billion EUR, ending before it starts raising the key interest rates;
2021/10/13
Committee: ECON
Amendment 158 #

2021/2063(INI)

Motion for a resolution
Paragraph 10 a (new)
10 a. Welcomes the inclusion of Greek bonds in the PEPP; notes, however, that they are still not eligible under the public sector purchase programme (PSPP) despite the significant progress made; calls on the ECB to reassess the eligibility of Greek bonds under the PSPP and to provide specific recommendations well in advance of the conclusion of the PEPP for their inclusion in the PSPP;
2021/10/13
Committee: ECON
Amendment 159 #

2021/2063(INI)

Motion for a resolution
Paragraph 10 a (new)
10 a. Welcomes the ECB’s decision to continue reinvesting in full the principal payments from maturing securities purchased under APP for as long as necessary to maintain favourable liquidity conditions;
2021/10/13
Committee: ECON
Amendment 171 #

2021/2063(INI)

Motion for a resolution
Paragraph 12
12. Notes the ECB’s decision on a new symmetric inflation target of 2 % over the medium term and its commitment to maintain a persistently accommodative monetary policy stance in order to meet its inflation target; notes with concern that inflation rose to a decade-high 3 % in August 2021; calls on the ECB to evaluate and address this upward trend and its consequences more attentively; believes that the absence of an arithmetic reference complicate the interpretation of the deviations from the target; notes that the medium-term orientation of the monetary policy strategy allows for inevitable short-term deviations of inflation from the target; notes that inflation rose to a decade-high 3 % in August 2021, driven by temporary factors such as the base effect of energy prices, supply chain bottlenecks and the recovery after a dramatic recession; calls on the ECB to monitor attentively price developments; echoes that, according to the ECB’s Survey of Professional Forecasters, medium-term inflation expectations remain firmly anchored;
2021/10/13
Committee: ECON
Amendment 180 #

2021/2063(INI)

Motion for a resolution
Paragraph 12 a (new)
12 a. Echoes President Lagarde’s call not to overreact to transitory supply shocks that have no bearing on the medium term, and for monetary policy to remain focused on steering the economy safely out of the pandemic emergency;
2021/10/13
Committee: ECON
Amendment 181 #

2021/2063(INI)

Motion for a resolution
Paragraph 12 a (new)
12 a. Expects the ECB’s key interest rate to remain at present or lower levels until it sees inflation reaching two per cent well ahead of the end of its projected horizon and durably for the rest of the projected horizon;
2021/10/13
Committee: ECON
Amendment 186 #

2021/2063(INI)

Motion for a resolution
Paragraph 13
13. Notes the ECB’s decision to include the costs related to owner-occupied housing in the HICP to better represent the inflation rate that is relevant for household; considers, however, that HIPC in its current definition reflects the evolution of actual expenditure made by households on goods or services;
2021/10/13
Committee: ECON
Amendment 187 #

2021/2063(INI)

Motion for a resolution
Paragraph 13
13. Notes the ECB’s decision to include the costs related to owner-occupied housing in the HICP to better represent the inflation rate that is comparable and relevant for households, as housing costs have been continuously rising;
2021/10/13
Committee: ECON
Amendment 204 #

2021/2063(INI)

Motion for a resolution
Paragraph 14
14. Recalls that, as an EU institution, the ECB is bound by the Paris Agreement and that this should be reflected in its policies together with adhering to its mandate of supporting general economic policies of the union, specifically in this case the achievement of a climate-neutral economy by 2050;
2021/10/13
Committee: ECON
Amendment 225 #

2021/2063(INI)

Motion for a resolution
Paragraph 16
16. Welcomes the ECB’s new action plan and its detailed roadmap of climate change-related actions to further incorporate climate change considerations into its policy framework; welcomes the ECB’s economy-wide climate stress test, which was developed to assess the resilience of banks and corporations to transition and physical risks arising from climate change;
2021/10/13
Committee: ECON
Amendment 256 #

2021/2063(INI)

Motion for a resolution
Paragraph 18 a (new)
18 a. Underlines that efforts to introduce green bond standards should be aimed at improving the amount of green bonds issued in the EU;
2021/10/13
Committee: ECON
Amendment 280 #

2021/2063(INI)

Motion for a resolution
Paragraph 20
20. Underlines the pivotal role of micro, small and medium-sized enterprises (SMEs) in the EU economy, economic and social convergence and employment; stresses that SMEs have been severely hit by the economic crisis caused by the COVID-19 pandemic, which has led to a serious deterioration in their economic turnover and their access to finance; calls on the ECB to step up its efforts on financing and access to credit for SMEs;
2021/10/13
Committee: ECON
Amendment 290 #

2021/2063(INI)

Motion for a resolution
Paragraph 21
21. Is concerned about the risks caused by the serious delay in completing the third pillar of the banking union and repeats its calls for its swift completion; welcomes the ECB’s long-standing support of the establishment of a fully fledged European Deposit Insurance Scheme (EDIS);
2021/10/13
Committee: ECON
Amendment 303 #

2021/2063(INI)

Motion for a resolution
Paragraph 22
22. Welcomes the ECB’s decision to launch a 24-month investigation phase of a digital euro project; calls on the ECB to effectively address the expectations and concerns raised during the public consultation on a digital euro which include concerns for privacy, security, usability, low cost and accessibility;
2021/10/13
Committee: ECON
Amendment 312 #

2021/2063(INI)

Motion for a resolution
Paragraph 23
23. Welcomes the continuous efforts of the ECB to strengthen its response and recovery capabilities in the event of cyberattacks in line with a new European Cyber defence policy and a European Cyber defence act as proposed by the Commission;
2021/10/13
Committee: ECON
Amendment 319 #

2021/2063(INI)

Motion for a resolution
Paragraph 24
24. Calls on the ECB to step up its monitoring of the development of crypto- currencieassets and the related risks in terms of cybersecurity and, money laundering terrorism financing and other criminal activities related to the anonymity provided by crypto-assets;
2021/10/13
Committee: ECON
Amendment 324 #

2021/2063(INI)

Motion for a resolution
Paragraph 24 a (new)
24 a. Calls on the ECB to ensure an adequate balance between allowing regulatory financial innovation in the FinTech area and ensuring financial stability and to assess the possible need of Central Bank digital currency;
2021/10/13
Committee: ECON
Amendment 327 #

2021/2063(INI)

Motion for a resolution
Paragraph 24 b (new)
24 b. Is concerned about the unfair clauses and practices employed by the banking sector in consumer contracts and stresses the need for the effective and swift implementation by all Member States of the Directive93/13/EEC on unfair terms; Call the ECB to contribute actively towards this by using all means in place, leading to fair competition;
2021/10/13
Committee: ECON
Amendment 331 #

2021/2063(INI)

Motion for a resolution
Paragraph 25 a (new)
25 a. Is concerned by the ECB’s lack of responsiveness to the proposal adopted by the Conference of Presidents of the European Parliament of an interinstitutional agreement between the European Parliament and the ECB and urges to ECB to take action swiftly;
2021/10/13
Committee: ECON
Amendment 334 #

2021/2063(INI)

Motion for a resolution
Paragraph 26
26. Stresses the need to further enhance the accountability and transparency arrangements of the ECB; recognises the steps taken by the ECB; repeats its call to launch negotiations on a formal iInteri- Institutional agreement, whilst ensuring the ECB’s independence which goes hand in hand with its accountability;
2021/10/13
Committee: ECON
Amendment 348 #

2021/2063(INI)

Motion for a resolution
Paragraph 29
29. Reiterates that the nominations of the Executive Board members should be prepared carefully and take a gender- balanced approach, with full transparency and together with Parliament, in line with the Treaties and according to paragraph 4 of the European Parliament’s Resolution of 14 March 2019 on gender balance in EU economic and monetary affairs nominations, in which the European Parliament commits itself not to consider shortlists that do not respect the gender balance principle;
2021/10/13
Committee: ECON
Amendment 127 #

2021/0376(COD)

Proposal for a directive
Recital 6
(6) To develop a reliable overview of delegation activities in the Union governed bycompliance with Article 20 of Directive 2011/61/EU and to inform future policy decisions or supervisory actions, competent authoritieAIFMs should provide the European Securities and Markets Authority (‘ESMA’) with delegation notifications where an AIFM delegates morecompetent authorities of their home Member States with comprehensive and up-to-date information on delegation of portfolio management, or risk management functions of the AIF, than it manages itself to entities located in third countries.
2022/07/04
Committee: ECON
Amendment 131 #

2021/0376(COD)

Proposal for a directive
Recital 7
(7) In order to ensure consistent harmonisation of the notification process in the area of delegation, power should be delegated to the Commission to adopt regulatory technical standards by means of delegated acts pursuant to Article 290 of the Treaty on the Functioning of the European Union (TFEU) in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council30 to specify the contents, forms and procedures to standardise the notification process of the AIFMs’ delegation arrangements. The notification form should contain data fields indicating the activities making up the risk and portfolio management functions in order to determine whether an AIFM has delegated more of such functions than it has retained. Those regulatory technical standards should be adopted on the basis of a draft developed by ESMA. __________________ 30 Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (OJ L 331, 15.12.2010, p. 84).deleted
2022/07/04
Committee: ECON
Amendment 135 #

2021/0376(COD)

Proposal for a directive
Recital 7 a (new)
(7 a) Marketing of AIFs is not always conducted by the AIFM directly but by one or several distributors either on behalf of the AIFM or on their own behalf. There may also be cases where an independent financial advisor markets a fund without the AIFM’s knowledge. Most fund distributors are subject to regulatory requirements pursuant to Directive 2014/65/EU or Directive 2016/97/EU, which define the scope and extent of their responsibilities towards their own clients. Directive 2011/61/EU should therefore acknowledge the diversity of distribution arrangements and recognise the existing safeguards for the arrangements whereby a distributor acts on its own behalf when it markets the AIF, among others, under Directive 2014/65/EU or through life insurance based investment products in accordance with Directive 2016/97/EU, in which case the provisions of this Directive regarding delegation should not apply irrespective of any distribution agreement between the AIFM and the distributor.
2022/07/04
Committee: ECON
Amendment 165 #

2021/0376(COD)

Proposal for a directive
Recital 28
(28) To support supervisory convergence in the area of delegation ESMA should conduct peer review on the supervisory practices wiget a better understanding of the application of the provisions of this directive, including in the a particular focus on preventing the creation of letter- box entities. ESMA’s analysis of the peer reviews will feed into the review of the measures adoprea of appropriate oversight and control over delegation arrangements, in all the Member States. To this effect, ESMA should, before the review of this Directive takes place, activate the tool at its disposal in the area of supervisory convergence that is most adequated in this Directive and inform the European Parliament, the Council and the Commission of any additional measures that may be needed to supportorder to achieve the intended objective. ESMA’s analysis of the data collected during this supervisory convergence exercice will feed into a report, to be provided before the start of the review, analysing market practices regarding compliance with the requirements of the effdirectiveness of the delegation regimes laid down in Directive 2011/61/EU regarding oversight and control over delegation arrangements and substance rules.
2022/07/04
Committee: ECON
Amendment 169 #

2021/0376(COD)

Proposal for a directive
Recital 28 a (new)
(28 a) Marketing of UCITS is not always conducted by the management company directly but by one or several distributors either on behalf of the management company or on their own behalf. There may also be cases where an independent financial advisor markets a fund without the management company’s knowledge. Most fund distributors are subject to regulatory requirements pursuant to Directive 2014/65/EU or Directive 2016/97/EU, which define the scope and extent of their responsibilities towards their own clients. Directive 2009/65/EC should therefore acknowledge the diversity of distribution arrangements and recognise the existing safeguards for the arrangements whereby a distributor acts on its own behalf when it markets the AIF, among others, under Directive 2014/65/EU or through life insurance based investment products in accordance with Directive 2016/97/EU, in which case the provisions of this Directive regarding delegation should not apply irrespective of any distribution agreement between the management company and the distributor.
2022/07/04
Committee: ECON
Amendment 188 #

2021/0376(COD)

Proposal for a directive
Recital 38
(38) To develop a reliable overview of delegation activities in the Union governed bycompliance with Article 13 of Directive 2009/65/EC and to inform future policy decisions or supervisory actions, competent authoritmanagement companies should provide ESMA with delegation notifications where a UCITS management companycompetent authorities of their home Member State with comprehensive and up-to-date information on delegates moreion, portfolio management or risk management functions, than it manages itself, to entities located in third countries.
2022/07/04
Committee: ECON
Amendment 189 #

2021/0376(COD)

Proposal for a directive
Recital 39
(39) In order to ensure consistent harmonisation of the notification process in the area of delegation, power should be delegated to the Commission to adopt regulatory technical standards by means of delegated acts pursuant to Article 290 of the Treaty on the Functioning of the European Union (TFEU) in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council45 to specify the contents, forms and procedures to standardise the notification process of UCITS delegation arrangements. The notification form should contain data fields indicating the activities making up the risk and portfolio management functions in order to determine whether a UCITS management company has delegated more of such functions than it has retained. Those regulatory technical standards should be adopted based on a draft developed by ESMA. __________________ 45 Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (OJ L 331, 15.12.2010, p. 84).deleted
2022/07/04
Committee: ECON
Amendment 204 #

2021/0376(COD)

Proposal for a directive
Recital 50
(50) To support supervisory convergence in the area of delegation ESMA should conduct peer reviews on the supervisory practices particularly focusing on preventing creation of letter-box entities. ESMA’s analysis of the peer reviews would feed into the review of the measures adopget a better understanding of the application of the provisions of this directive, including in the area of appropriate oversight and control over delegation arrangements, in all the Member States. To this effect, ESMA should, before the review of this Directive takes place, activate the tool at its disposal in the area of supervisory convergence that is most adequated in this Directive and inform the European Parliament, the Council and the Commission what additional measures may be needed to support effectiveness of the delegation regime laid down in Directive 2009/65/ECorder to achieve the intended objective. ESMA’s analysis of the data collected during this supervisory convergence exercise would feed into a report, to be provided before the start of the review, analysing market practices regarding compliance with the requirements of the directive regarding oversight and control over delegation arrangements and substance rules.
2022/07/04
Committee: ECON
Amendment 231 #

2021/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 3 – point b
Directive 2011/61/EU
Article 7 – paragraph 5
(b) paragraph 5 is replaced by the following: ‘5. The competent authorities shall, on a quarterly basis, inform ESMA of authorisations granted or withdrawn in accordance with this Chapter. ESMA shall keep a central public register identifying each AIFM authorised under this Directive, a list of the AIFs managed and/deleted information on the AIFM and the infor marketed in the Union by such AIFMs and the competent authority for each such AIFM. The register shall be made available in electronic format. Where an AIFM delegates more portfolio management or risk management functions to entities located in third countries than it retains, the competent authotion on the delegate, a description of the delegated a descripties shall, on an annual basis, notify ESMA of all such delegations (‘delegation notifications’). The delegation notifications shall include the following: (a) AIF concerned; (b) specifying the delegate’s domicile and whether it is a regulated entity or not; (c) portfolio management and risk management functions; (d) portfolio management and risk management functions; (e) analyse the delegation arrangements; (f) authorities’ supervisory activities, including desk-based reviews and on-site inspections and the results of such activities; (g) between the competent authority of the AIFM and the supervisory authority of the delegate.’on of the retained any other information necessary to a description of the competent any details on the cooperation
2022/07/04
Committee: ECON
Amendment 306 #

2021/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 7 – point a a (new)
Directive 2011/61/EU
Article 20 – paragraph 1 a (new)
(a a) The following paragraph 1a is inserted: 1a. Where the delegation relates to portfolio management or risk management functions, the AIFM shall, on a yearly basis, inform the competent authority of the following: (a) information on the entities to which such functions have been delegated (name and legal entity identifier of each delegate, its jurisdiction of establishment and, where relevant, its supervisory authority); (b) information on the function delegated (portfolio management or risk management), type of delegation (full or partial), and the date of the delegation agreement or contract; (c) where sub-delegation arrangements are in place, the same information in respect of the sub-delegates and the functions sub-delegated; (d) the date of conclusion of the delegation and sub-delegation arrangements; (e) description of periodic due diligence measures carried out by the AIFM to oversee, monitor and control the delegate, including the date of performance of these measures, the issues identified and, where relevant, the measures and timeline adopted to address these issues.
2022/07/04
Committee: ECON
Amendment 308 #

2021/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 7 – point b
Directive 2011/61/EU
Article 20 – paragraph 3
3. The AIFM’s liability towards its clients, the AIF and its investors shall not be affected by the fact that the AIFM has delegated functions to a third party, or by any further sub-delegation, nor shall the AIFM delegate its functions to the extent that, in essence, it can no longer be considered to be the manager of the AIF or the provider of the services and to the extent that it becomes a letter- box entity.;
2022/07/04
Committee: ECON
Amendment 347 #

2021/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 10 – point c
Directive 2011/61/EU
Article 24 – paragraph 6 – subparagraph 1
ESMA shall develop draft regulatory technical standards specifying the details to be reported according to paragraphs 1 and points (a) to (c) and (e) to (f) of paragraph 2. ESMA shall take into account other reporting requirements to which the AIFMs are subject and the report issued in accordance with paragraph 2 of Article 69b.
2022/07/04
Committee: ECON
Amendment 391 #

2021/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 19 – point a
Directive 2011/61/EU
Article 50 – paragraph 5
5. Where the competent authorities of one Member State have reasonclear and demonstrable grounds to suspect that acts contrary to this Directive are being or have been carried out by an AIFM not subject to supervision of those competent authorities, they shall notify ESMA and the competent authorities of the home and host Member States of the AIFM concerned thereof in as specific a manner as possible. The recipient authorities shall take appropriate action, shall inform ESMA and the notifying competent authorities of the outcome of that action and, to the extent possible, of significant interim developments. This paragraph shall be without prejudice to the competences of the notifying competent authority.;
2022/07/04
Committee: ECON
Amendment 397 #

2021/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 19 – point b
Directive 2011/61/EU
Article 50 – paragraph 5e
5e. Where the competent authority does not act in accordance or does not intend to comply with ESMA’s opinion referred to in paragraph 5d, it shall inform ESMA, stating its reasons for the non- compliance or intention. In the event of a serious threat to investor protection, a threat to the orderly functioning and integrity of financial markets or a risk to the stability of the whole or part of the financial system in the Union, ESMA may publish the fact that a competent authority does not comply or intend to comply with its advice. ESMA may also decide, on a case-by-case basis, to publish the reasons provided by the competent authority in this regard. ESMA shall give the competent authorities advance notice about such publication.
2022/07/04
Committee: ECON
Amendment 398 #

2021/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 19 – point b
Directive 2011/61/EU
Article 50 – paragraph 5f – subparagraph 1
The competent authority of the host Member State of an AIFM may, where it has good reasons to suspect that acts contrary to this Directive are being or have been carried out by the AIFM, request the competent authority of the home Member State of the AIFM to exercise, without delay, powers laid down in Article 46(2), specifying the reasons for its request in as specific a manner as possible and notifying ESMA and, if there are potential risks to the stability and integrity of the financial system, the ESRB thereof.
2022/07/04
Committee: ECON
Amendment 400 #

2021/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 19 – point b
Directive 2011/61/EU
Article 50 – paragraph 5f – subparagraph 2
The competent authority of the home Member State of the AIFM shall, without unreasonable delay, inform the competent authority of the host Member State of the AIFM, ESMA and, if there are potential risks to stability and integrity of the financial system, the ESRB of the powers exercised and its findings.
2022/07/04
Committee: ECON
Amendment 403 #

2021/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 19 – point b
Directive 2011/61/EU
Article 50 – paragraph 5g
5g. ESMA may request the competent authority to submit explanations to ESMA in relation to specific cases, which have cross-border implications, concern investor protection issues or pose risks to the financial stabilityraise a serious threat to investor protection, threaten the orderly functioning and integrity of financial markets or pose risks to the stability of the whole or part of the financial system in the Union.
2022/07/04
Committee: ECON
Amendment 443 #

2021/0376(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 3 – point c
Directive 2009/65/EC
Article 13 – paragraph 3
3. Where a management company delegates more portfolio management or risk management functions to entities located in third countries than it retains, the competent authorities shall, on an annual basis, notify ESMA of all such delegations (‘delegation notifications’). The delegation notifications shall include the following: (a) information on the UCITS and its management company concerned; (b) specifying the delegate’s domicile and whether it is a regulated entity or not; (c) portfolio management and risk management functions; (d) portfolio management and risk management functions; (e) any other information necessary to analyse the delegation arrangements; (f) authorities’ supervisory activities, including desk-based reviews and on-site inspections and the results of such activities; (g) any details on the cooperation between the competent authority and the supervisory authority of the delegate.deleted information on the delegate, a description of the delegated a description of the retained a description of the competent
2022/07/04
Committee: ECON
Amendment 453 #

2021/0376(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 3 – point c
3 a. Where the delegation relates to portfolio management or risk management functions, the management company shall, on a yearly basis, inform the competent authority of the following: (a) information on the entities to which such functions have been delegated (name and legal entity identifier of each delegate, its jurisdiction of establishment and, where relevant, its supervisory authority); (b) information on the function delegated (portfolio management or risk management), type of delegation (full or partial), and the date of the delegation agreement or contract; (c) where sub-delegation arrangements are in place, the same information in respect of the sub-delegates and the functions sub-delegated; (d) the date of conclusion of the delegation and sub-delegation arrangements; (e) description of periodic due diligence measures carried out by the AIFM to oversee, monitor and control the delegate, including the date of performance of these measures, the issues identified and, where relevant, the measures and timeline adopted to address these issues.
2022/07/04
Committee: ECON
Amendment 455 #

2021/0376(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 3 – point c
Directive 2009/65/EC
Article 13 – paragraph 4
4. ESMA shall develop draft regulatory technical standards to determine the content of the delegation notifications and the standard forms, templates and procedures for the transmission of the delegation notifications in a language customary to the sphere of finance. The standard forms and templates shall include information fields covering all information referred to in paragraph 3. Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.deleted
2022/07/04
Committee: ECON
Amendment 462 #

2021/0376(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 3 – point c
Directive 2009/65/EC
Article 13 – paragraph 5
5. By … [12 months before the date of the review referred to in Article 110a], ESMA shall provide the European Parliament, the Council and the Commission with regular reports, at least every two years, analysing market practices regarding delegation to entities located in third countries anda report analysing compliance with Articles 7 and 13.
2022/07/04
Committee: ECON
Amendment 535 #

2021/0376(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 9
Directive 2009/65/EC
Article 98 – paragraph 3 – subparagraph 1
The competent authority of the UCITS host Member State may where it has good reasons to suspect that acts contrary to this Directive are being or have been carried out by the UCITS, request the competent authority of the UCITS home Member State to exercise, without delay, powers laid down in paragraph 2 specifying the reasons for its request in as specific a manner as possible and notifying ESMA and, if there are potential risks to the stability and integrity of the financial system, the ESRB thereof.
2022/07/04
Committee: ECON
Amendment 538 #

2021/0376(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 9
Directive 2009/65/EC
Article 98 – paragraph 3 – subparagraph 2
The competent authority of the UCITS home Member State shall, without unreasonable delay, inform the competent authority of the UCITS host Member State, ESMA and, if there are potential risks to the stability and integrity of the financial system, the ESRB of the powers exercised and its findings.’
2022/07/04
Committee: ECON
Amendment 540 #

2021/0376(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 9
Directive 2009/65/EC
Article 98 – paragraph 4
4. ESMA may request the competent authority to submit explanations to ESMA in relation to specific cases, which have cross-border implications, concern investor protection issues or pose risks toraise serious threat to investor protection, threaten the orderly functioning and integrity of financial markets or pose risks to the stability of the whole or part of the financial stabilityystem.’;
2022/07/04
Committee: ECON
Amendment 98 #

2021/0213(CNS)

Proposal for a directive
Recital 3 a (new)
(3 a) Insular, peripheral and remote regions had little alternative but to build their economic competitiveness with the support of air transport, enabling and promoting key economic flows and other drivers of economic development enabled by efficient and affordable air services. Improved air connectivity has brought about wider economic benefits, beyond those that benefit the immediate users of air transport networks. Beyond those that could be considered direct economic benefits of aviation, air connectivity between Member States serves as an essential catalyst for economic growth and social welfare. Air linkages that connect central Member States to the insular, peripheral and remote regions continue to make a vital contribution to economic growth.
2022/04/08
Committee: ECON
Amendment 100 #

2021/0213(CNS)

Proposal for a directive
Recital 3 b (new)
(3 b) Until cleaner energy is made available through technological advances, taxpayers are encouraged to consume smartly and use transport that consumes less fossil fuels. However, until more environmentally friendly alternatives are available, the insular, peripheral and remote regions will be at an economic disadvantage compared to the central ones. Insular, peripheral and remote regions should not be discriminated against since in the near future they will not have transport alternatives that are more ecological than air transport. Citizens and businesses on islands and at the periphery should continue to benefit from equivalent connectivity opportunities as their counterparts in more central areas of the Union.
2022/04/08
Committee: ECON
Amendment 101 #

2021/0213(CNS)

Proposal for a directive
Recital 4
(4) Environmental taxation can be a cost-effective mean for Member States to achieve the targeted reductions of greenhouse gasses. The proper functioning of the internal market requires common rules on that taxation, while preserving Member States' flexibility and sovereignty over tax prerogatives, not least with respect to promoting economic and social development of their insular, peripheral and remote regions.
2022/04/08
Committee: ECON
Amendment 112 #

2021/0213(CNS)

Proposal for a directive
Recital 7 a (new)
(7 a) For insular regions having no connections by road, train or bridge with the European mainland, and for peripheral and remote regions, especially those with an economy that is highly dependent on tourism, the kerosene tax should be waived for flights to and from such regions, during the first five years, and should then be raised in five equal annual steps in the following five years to reach the levels achieved for all flights at the end of the ten year period. All precautionary steps should be taken to avoid any "détournement de trafic" in kerosene usage.
2022/04/08
Committee: ECON
Amendment 196 #

2021/0213(CNS)

Proposal for a directive
Recital 36
(36) Every fivthree years and for the first time fivthree years after the entry into force of this Directive, the Commission should report to the Council on the application of this Directive, examining in particular the minimum levels of taxation, the impact of innovation and technological developments, especially as regards energy efficiency, the use of electricity in transport and the justification for the exemptions, reductions and differentiations laid down in this Directive. The report should take into account the proper functioning of the internal market, environmental and social considerations, the real value of the minimum levels of taxation and, the impact of this Directive on air connectivity and the economic and social welfare of insular, peripheral and remote regions as well as the wider relevant objectives of the Treaties.
2022/04/08
Committee: ECON
Amendment 236 #

2021/0213(CNS)

Proposal for a directive
Article 5 – paragraph 2 – subparagraph 1
The Commission is empowered to adopt delegated acts in accordance with Article 29 to amend the minimum levels of taxation as referred to in the first subparagraph.
2022/04/08
Committee: ECON
Amendment 242 #

2021/0213(CNS)

Proposal for a directive
Article 7 a (new)
Article 7 a Moratorium for insular, peripheral and remote regions Provided that for insular regions having no connections by road, train or bridge with the European mainland, and for peripheral and remote regions, especially those with an economy that is highly dependent on tourism, the kerosene tax will be waived for flights to and from such regions, during the first five years, and will then be raised in five equal annual steps in the following five years to reach the levels achieved for all flights at the end of the ten year period. All precautionary steps will be taken to avoid any "détournement de trafic" in kerosene usage. The conditions to qualify for the moratorium and for its application shall be defined by a delegated act.
2022/04/08
Committee: ECON
Amendment 369 #

2021/0213(CNS)

Proposal for a directive
Article 29 – paragraph 2
2. The power to adopt the delegated acts referred to in Article 2(8) and Article 5(2) shall be conferred on the Commission for an indeterminate period of time from 1 January 2023.
2022/04/08
Committee: ECON
Amendment 372 #

2021/0213(CNS)

Proposal for a directive
Article 29 – paragraph 3
3. The delegation of power referred to in Article 2(8) and Article 5(2) may be revoked at any time by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
2022/04/08
Committee: ECON
Amendment 374 #

2021/0213(CNS)

Proposal for a directive
Article 29 – paragraph 6
6. A delegated act adopted pursuant to 6. Article 2(8) and Article 5(2) shall enter into force only if no objection has been expressed by the Council within a period of two months of notification of that act to the Council or if, before the expiry of that period, the Council have informed the Commission that it will not object. That period shall be extended by two months at the initiative of the Council.
2022/04/08
Committee: ECON
Amendment 378 #

2021/0213(CNS)

Proposal for a directive
Article 31 – paragraph 1
Every fivthree years and for the first time fivthree years after 1 January 2023, the Commission shall submit to the Council a report on the application of this Directive.
2022/04/08
Committee: ECON
Amendment 384 #

2021/0213(CNS)

Proposal for a directive
Article 31 – paragraph 2
The report by the Commission shall, inter alia, examine the minimum levels of taxation, the impact of innovation and technological developments, in particular as regards energy efficiency, the use of electricity in transport and the justification for the exemptions, reductions and differentiations laid down in this Directive. The report shall take into account the proper functioning of the internal market, environmental and social considerations, the real value of the minimum levels of taxation and, the impact of this directive on air connectivity and the economic and social welfare of insular, peripheral and remote regions as well as the relevant wider objectives of the Treaties.
2022/04/08
Committee: ECON
Amendment 31 #

2020/2260(INI)

Draft opinion
Paragraph 2
2. Notes that the EU internal market is the world’s biggest importer and exporter of agri-food products; is convinced that the EU should use this position to set the benchmark in terms of standards for sustainable food systems, based on the respect of human and labour rights, the precautionary principle, environmental protection and animal welfare;
2021/02/09
Committee: INTA
Amendment 47 #

2020/2260(INI)

3. Believes that sustainable production should become a key characteristic of EU agri- food products, expanding the concept of quality to social and environmental aspects, on top of their worldwide reputation for being safe and healthy; stresses, in this regard, that EU quality production and Geographical Indications, combined with an ambitious EU promotion policy, should be considered as an asset with regard to the objective to foster sustainable trade;
2021/02/09
Committee: INTA
Amendment 74 #

2020/2260(INI)

Draft opinion
Paragraph 4
4. Calls on the Commission to pursueensure consistency and coherence between the objectives of the Farm to Fork Strategy and the Common Commercial Policy, and to pursue these objectives through the development of Green Alliances in all relevant forums, including the UN Food Systems Summit 2021;
2021/02/09
Committee: INTA
Amendment 79 #

2020/2260(INI)

Draft opinion
Paragraph 4 a (new)
4a. Stresses the need, also highlighted by the COVID-19 pandemic, to develop a EU open strategic autonomy, with the aim of ensuring access to key markets and critical goods, as well as protecting economic assets; reiterates that food security must be acknowledged as a crucial aspect of the open strategic autonomy, in order to secure the functioning of food supply systems during future crisis;
2021/02/09
Committee: INTA
Amendment 84 #

2020/2260(INI)

Draft opinion
Paragraph 4 b (new)
4b. Highlights the importance of transparency in the food supply-chain and of traceability of all production and distribution processes; notes that innovative digital tools and mandatory origin labelling of food products have the potential to significantly increase transparency and traceability, thus improving consumer confidence;
2021/02/09
Committee: INTA
Amendment 91 #

2020/2260(INI)

Draft opinion
Paragraph 5
5. Emphasises the importance of enforceable Trade and Sustainable Development chapters in trade agreements, which include sanction-based dispute mechanisms, to promote biodiversity, foster more sustainable agri-food production and, stop EU-driven global deforestation; urges and raise labour standards, in line with the eight ILO core Conventions; urges particular support for developing countries to promote food security and provide assistance on alignmenting with European standards for sustainabilityle agri-food systems;
2021/02/09
Committee: INTA
Amendment 120 #

2020/2260(INI)

Draft opinion
Paragraph 6
6. Stresses the risk of putting the EU agri-food sector at a competitive disadvantage in the absence of global convergence of standards, and of leading to increased costs for consumers; calls on the Commission to present a comprehensive and cumulative impact assessment of the targets envisaged in the Strategy, as well as proportionate measures, adequate time- frame for adaptation and compensation mechanisms to maintain the competitiveness of the EU agri-food sector and, in particular by ensureing reciprocity of standards; for all agri-food and forestry products imported into the EU;
2021/02/09
Committee: INTA
Amendment 134 #

2020/2260(INI)

Draft opinion
Paragraph 6 a (new)
6a. Urges the Commission to strengthen customs checks in order to prevent food frauds, enhance protection of IPRs, notably Geographical Indications, and avoid the possible entry of plant and animal pests into the EU thus ensuring the highest level of sanitary and phytosanitary protection;
2021/02/09
Committee: INTA
Amendment 140 #

2020/2260(INI)

Draft opinion
Paragraph 6 b (new)
6b. Emphasises the importance of granting access to technological and scientific innovations, including sustainable bio-technologies able to foster the diversity of genetic resources and food production systems, with special attention for local breeds and varieties; stresses that building strong relationships with trading partners in terms of research and development of these innovations could be a key factor in fostering more sustainable agri-food production while safeguarding agricultural productivity;
2021/02/09
Committee: INTA
Amendment 11 #

2020/2223(INI)

Motion for a resolution
Recital A
A. whereas EU competition policy is designed to maintain an open market economy with free, fair and effective competition favouring an efficient allocation of resourcesmust benefit all EU citizens, while promoting innovation and fair competition in the single market, paying particular attention to the SMEs and a level playing field;
2021/02/03
Committee: ECON
Amendment 20 #

2020/2223(INI)

Motion for a resolution
Recital B b (new)
B b. whereas competition policy should address efficiently social, digital and environmental challenges, and must be in line with the priorities outlined in the European Green Deal and the objectives of the Paris Agreement;
2021/02/03
Committee: ECON
Amendment 21 #

2020/2223(INI)

Motion for a resolution
Recital B c (new)
B c. whereas the rapid emergence and evolution of digital markets poses new challenges to the effectiveness of competition policy, especially in the field of antitrust rules where so far, ex ante interventions are not allowed;
2021/02/03
Committee: ECON
Amendment 22 #

2020/2223(INI)

Motion for a resolution
Recital B d (new)
B d. whereas data scandals, investigations and evidence have shown how personal date is being collected and stored often in an excessive data storage manner, as well as used and sold to third parties by platforms and how dominant technology players and platforms have been tracking consumers online systematically;
2021/02/03
Committee: ECON
Amendment 23 #

2020/2223(INI)

Motion for a resolution
Recital C
C. whereas smart reconciliation of the Union’s competition rules with its industrial and international trade policies is essential for re-shoring value chaaching the objectives under the European Green Deal and the Pillar of Social Rights while securing activities and bolstering global competitiveness; nd creating decent jobs in the EU and third countries; whereas the Commission is currently carrying out a general review of competition policy enforcement effectiveness including antitrust regulations, a number of State aid rules and guidance, and the evaluation of merger control rules and the review of the Merger Definition Notice;
2021/02/03
Committee: ECON
Amendment 42 #

2020/2223(INI)

Motion for a resolution
Paragraph 1 a (new)
1 a. Notes that competition policy is not solely about ensuring “fair” or low prices for consumers but also about providing quality, innovation and sustainability; urges the Commission in that regard to strengthen the role of the European Consumers Centres Network (ECC-Net) in the spirit of the ECN+ Directive1a; _________________ 1a OJ L 11, 14.1.2019, p.3.
2021/02/03
Committee: ECON
Amendment 51 #

2020/2223(INI)

Motion for a resolution
Paragraph 2
2. Believes that a strict and impartial enforcement of EU competition rules by independent competition authorities can make a significant contribution to key political priorities, such as social inequalities or the climate crisis; emphasises itshowever the importance alsoof flexibility in crisis conditions;
2021/02/03
Committee: ECON
Amendment 55 #

2020/2223(INI)

Motion for a resolution
Paragraph 3
3. Considers that ensuring a level playing field for undertakings in the single market also depends on decisively and effectively combating social dumpingnd on the international level is key for European companies, especially SMEs, and for the creation of decent and sustainable jobs within and outside the EU, respecting high labour and environmental standards; calls in that respect on the Commission to step up its efforts to establish a legal framework for a mandatory Human Rights and environmental due diligence instrument;
2021/02/03
Committee: ECON
Amendment 60 #

2020/2223(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. Notes with concern the fragmentation in access to ultra-high- speed internet connections between rural and urban areas all over Europe; recalls that in order to close the gap, healthy competition in the telecommunication sector is needed; recalls that competition policy should not only aim towards fair prices for consumers, but must also promote innovation and sustainable investments and support activity small and medium-sized enterprises;
2021/02/03
Committee: ECON
Amendment 64 #

2020/2223(INI)

Motion for a resolution
Paragraph 4
4. Highlights that excessive tax burdens may stifle innovation and jeopardise the contestability of markets, especially for SMEsUnderlines that SMEs account for an estimated 30% of the EU’s goods exports to the rest of the world, while the internal market continues to be the most important market for SMEs; recalls that, in order to be efficient, competition policies should be reconciled with the Union’s industrial and international trade policies, in order to help SMEs cope with the greater challenges of entering new markets and enable them to compete on their own merits, aiming at economic diversity and an SME-friendly trade environment;
2021/02/03
Committee: ECON
Amendment 70 #

2020/2223(INI)

Motion for a resolution
Paragraph 4 a (new)
4 a. Notes with concern that some MS have not implemented effectively the Directive 93/13/EEC on unfair terms in consumer contracts based on the Commission’s assessment, having a tremendous negative effect on consumers and being detrimental to fair competition; calls on the Commission to scrutinise the unfair clauses and practices employed, especially by the banking sector, in consumer contracts and to ensure the effective and swift implementation of this Directive using all means in place;
2021/02/03
Committee: ECON
Amendment 71 #

2020/2223(INI)

Motion for a resolution
Paragraph 4 a (new)
4 a. Is concerned with the rapid evolvement of the digital markets and that existing competition policy instruments cannot always provide for quick and efficient ex-ante detection and timely intervention, especially in antitrust-cases; welcomes in this regard the Commission proposal on DSA and DMA, and looks forward to further analysis on how competition policy and market monitoring tools can be adapted to the digital markets evolution;
2021/02/03
Committee: ECON
Amendment 80 #

2020/2223(INI)

Motion for a resolution
Paragraph 5
5. Welcomes the adoption of a Temporary Framework for State aid measures established in response to the COVID-19 crisis and supports its application for as long as the recovery is ongoing;
2021/02/03
Committee: ECON
Amendment 85 #

2020/2223(INI)

Motion for a resolution
Paragraph 5 a (new)
5 a. Underlines that the action of the European Commission aiming at eliminating the condition of monopoly and dominant positions and at limiting public funding to companies that could lead such conditions does not provide any solution to the issue of systemic and structural disadvantages that affect the competitiveness of businesses based and operating from European insular territories and outermost regions;
2021/02/03
Committee: ECON
Amendment 92 #

2020/2223(INI)

Motion for a resolution
Paragraph 5 b (new)
5 b. Recalls that recapitalisation, even under the temporary framework, should be considered only as the last resort solution by Member States, given the potential major distortive impact recapitalisation measures can have on the single market; is of the opinion that recapitalisation measures or any other public financial support to companies should be conditional upon the funding being used to benefit employees and that the recipient companies should refrain from bonuses to the management, paying out dividends or offering share buy-back schemes for as long as they receive such support;
2021/02/03
Committee: ECON
Amendment 97 #

2020/2223(INI)

Motion for a resolution
Paragraph 6
6. Calls on the Commission and the Member States to launch a post COVID-19 roadmap for less and better targeted State aid; including a chapter on competition policy on, among others, how to tackle fragmentation, market distortions and an unlevel playing field in the single market caused by Member States’ asymmetric capacities to apply State Aid as well as clear guidance on how to best use competition policy tools to foster a recovery with sustainable jobs and sustainable transition of companies; calls furthermore for the roadmap to encompass a first assessment on the effect of the pandemic on, and thus the future of, EU competition policy;
2021/02/03
Committee: ECON
Amendment 106 #

2020/2223(INI)

Motion for a resolution
Paragraph 6 b (new)
6 b. Calls for a reflection on maintaining exceptional measures beyond the expiry date of the temporary framework for the sectors that have been mostly affected by the COVID-19 crisis (e.g. tourism, air and maritime transports);
2021/02/03
Committee: ECON
Amendment 107 #

2020/2223(INI)

Motion for a resolution
Paragraph 7
7. Reiterates the priority of ensurWelcomes the fact that State aid granted to banks withing thate Temporary State aAid rules are strictly and impartially adhered to, including when dealing with future banking crises, so that taxpayers are protected against the burden of bank rescuFramework ensures the financing of the economy and helps guarantee financial stability while operating within the strong legislative framework provided by the BRR Directive and State aid rules;
2021/02/03
Committee: ECON
Amendment 119 #

2020/2223(INI)

Motion for a resolution
Paragraph 8
8. Calls for reflection on possible distortions of competition arising from the European Central Bank’s pandemic emergency purchase programme (PEPP) and corporate sector purchasing programme (CSPP);deleted
2021/02/03
Committee: ECON
Amendment 130 #

2020/2223(INI)

Motion for a resolution
Paragraph 8 a (new)
8 a. Highlights the reinforcement of 11bn€ to reinforce the endowment of expenditure programmes in the MFF 2021-2027 that will come from a new mechanism linked to the proceeds from fines collected by the Union and will result in automatic additional allocations to the concerned programmes also resulting in a genuine increase of the MFF ceilings on a yearly basis, in line with Parliament’s long-standing demand for such revenues to finance the EU budget;
2021/02/03
Committee: ECON
Amendment 138 #

2020/2223(INI)

Motion for a resolution
Paragraph 9
9. Emphasises the importance of global dialogue and cooperation on competition policy enforcement and a common approach towards fair competition;
2021/02/03
Committee: ECON
Amendment 143 #

2020/2223(INI)

Motion for a resolution
Paragraph 9 b (new)
9 b. Calls for the EU and the UK to find common ground to continuously cooperate and strive towards fair competition and a level playing field;
2021/02/03
Committee: ECON
Amendment 148 #

2020/2223(INI)

Motion for a resolution
Paragraph 10
10. Expresses its concern about distortive state-funded competition from Chinese and other foreign undertakings acquiring European undertakings, especially those active in innovative technologies;
2021/02/03
Committee: ECON
Amendment 177 #

2020/2223(INI)

Motion for a resolution
Paragraph 13
13. InvitesHighlights the importance of Important Projects of Common European Interest (IPCEI); calls on the Commission to identify strategic dependencies, particularly in sensitive industrial ecosystems, and to propose measures to reduce these, including by diversifying production and supply chains, fostmote major IPCEIs in these areas; underlines the need to simplify the relevant procedures so that smaller ing production and investment in Europe, dustrial research projects cand ensuring strategic stockpilingasily benefit from its support;
2021/02/03
Committee: ECON
Amendment 184 #

2020/2223(INI)

Motion for a resolution
Paragraph 14
14. Supports the inclusion in EU competition rules of a thorough State aid check on undertakings from third countries, while stressing that the Union should remain open to foreign direct investments complying with its legal framework and not distorting competition;
2021/02/03
Committee: ECON
Amendment 196 #

2020/2223(INI)

Motion for a resolution
Paragraph 15 a (new)
15 a. Highlights the importance of a European competition policy design fit to tackle new challenges linked to the use of data, algorithms and fast-moving markets in an increasingly digital environment, as well as strengthening cooperation networks between Member States' authorities and the Commission to support fair competition in the single market;
2021/02/03
Committee: ECON
Amendment 201 #

2020/2223(INI)

Motion for a resolution
Paragraph 16
16. Considers, while acknowledging efforts made, that problems linked to large technology undertakings’ excessive market dominance have so far been insufficiently addressed and need to be resolved urgently; welcomes in that context the Commission's proposals for a Digital Services Act and a Digital Markets Act;
2021/02/03
Committee: ECON
Amendment 204 #

2020/2223(INI)

Motion for a resolution
Paragraph 16 a (new)
16 a. Looks forward to seeing how the DMA and DSA will resolve in practice the structuring of big platforms and ensure adequate market oversight enabling intervention before a dominant position is established;
2021/02/03
Committee: ECON
Amendment 211 #

2020/2223(INI)

Motion for a resolution
Paragraph 17
17. Takes the view that new competition tools might be needed to deal with structural competition problems across digital markets which current rules cannot address in the most effective manner and calls for careful Commission surveillance on these markets so as to be able to act fast on major issues and legal loopholes;
2021/02/03
Committee: ECON
Amendment 222 #

2020/2223(INI)

Motion for a resolution
Paragraph 18 a (new)
18 a. Recalls that data driven advantages linked to data sharing and data selling, but also services set as default settings risk conferring some companies the position of a so-called “gatekeeper” in the digital markets and need to be addressed effectively by the DMA and DSA;
2021/02/03
Committee: ECON
Amendment 232 #

2020/2223(INI)

Motion for a resolution
Paragraph 20
20. Looks forward to the Commissionʼs proposals for a Digital Services Act and a Digital Markets Act;deleted
2021/02/03
Committee: ECON
Amendment 250 #

2020/2223(INI)

Motion for a resolution
Paragraph 21 a (new)
21 a. Further encourages the structured dialogues with the Executive Vice- President for Competition and the efforts by the Commission to maintain close co- operation with the members of Parliament’s competent committee; considers the Commission’s annual report on competition policy an indispensable exercise in terms of democratic scrutiny; recalls that in recent years Parliament has been involved through the ordinary legislative procedure in shaping the framework for competition rules; notes that Parliament should begiven co- decision powers to shape the framework for competition rules; recalls its previous request to amend the treaties accordingly;
2021/02/03
Committee: ECON
Amendment 268 #

2020/2223(INI)

Motion for a resolution
Paragraph 25 a (new)
25 a. Recalls, with view to its report on competition policy 2019 (2019/2131 (INI))2a that abuse of market power can take place even when products or services are supplied for free or in exchange of private data; believes that the passing on of private data to third parties for marketing or commercial purposes is frequently done without the consumer’s proper consent, as alternatives to sharing data are often not provided; considers that in the digital economy, the concentration of data in a small number of companies leads to market failures, excessive rent extraction and a blocking of new entrants; _________________ 2a https://www.europarl.europa.eu/doceo/doc ument/A-9-2020-0022_EN.html
2021/02/03
Committee: ECON
Amendment 291 #

2020/2223(INI)

Motion for a resolution
Paragraph 26 d (new)
26 d. Calls on the Commission and the Member States to launch a territorial assessment on the socioeconomic impact of the COVID-19 crisis in the context of the application of state aid rules and the relevant ongoing revision process; in this regard, special attention should be paid to analyse impacts on enterprises based in EU islands and outermost regions according to the provisions of Articles 174 and 349 TFEU;
2021/02/03
Committee: ECON
Amendment 311 #

2020/2223(INI)

Motion for a resolution
Paragraph 29
29. Welcomes the Commission’s commitment to review its 1997 Notice 97/C 372/03 on the definition of relevant market in the Commission’s merger and antitrust enforcement; encourages the Commission, on a case-by-case basis, to take into account a longer-term vision encompassing the global dimension and potential future competition in its competitive assessments; recalls in that sense that in cases of mergers, the Commission should not only look at prices, output and innovation but also pays attention to the social and environmental costs of such transactions in light of TFEU principles, and to pay particular attention to environment protection;
2021/02/03
Committee: ECON
Amendment 319 #

2020/2223(INI)

Motion for a resolution
Paragraph 30 a (new)
30 a. Considers in particular antitrust proceedings as too lengthy, slowing down much needed market corrections and consequently negatively impacting effectiveness of competition law enforcement, especially in the case of rapidly growing digital markets; calls therefore for faster antitrust proceedings and asks for cooperation on this not only from the Commission but also from the companies under investigation; condemns in that context that some companies under investigation artificially prolong investigations by systematically requesting prolongations of deadlines and by replying to requests for information only with substantial delays or by submitting ineffective proposals for commitments they would take;
2021/02/03
Committee: ECON
Amendment 321 #

2020/2223(INI)

Motion for a resolution
Paragraph 30 b (new)
30 b. Welcomes the introduction of the “eLeniencytool” by the Commission to further improve the effectiveness of competition policies implementation; recalls that with the swift development of the digital markets, new challenges arise when it comes to the implementation of competition policies; recommends in that sense the Commission to look into the possibilities to intervene ex ante, especially in the digital markets and to provide EU and national competition and regulatory authorities with the necessary means to gather data anonymously so as to be able to better detect market failures in due time;
2021/02/03
Committee: ECON
Amendment 327 #

2020/2223(INI)

Motion for a resolution
Paragraph 31 a (new)
31 a. Points out that while the level of fines imposed by the Commission is amongst the highest in the world, nearly two-thirds of the fines imposed by the Commission in cartel cases since 2006 stayed below 0.99% of global annual turnover, thus well below the ceiling of 10% of a company’s annual worldwide turnover allowed3a; notes that while the ECA rightly points out that the amount of fines alone does not allow conclusions on whether they are effective deterrents, the ECA also underlines that the ceiling itself of possible fines can limit the deterrent effect in “serious cases”; _________________ 3a https://www.eca.europa.eu/Lists/ECADoc uments/SR20_24/SR_Competition_policy _EN.pdf
2021/02/03
Committee: ECON
Amendment 329 #

2020/2223(INI)

Motion for a resolution
Paragraph 31 b (new)
31 b. Recalls that even when heavy fines are imposed they are often not enough of a deterrent, also because they may be passed on to consumers; calls therefore on the Commission to evaluate the deterrence effect of its fines and the usefulness of fines of up to 40% of the worldwide annual turnover of companies to be imposed in serious cartel cases, as it is the case already in one Member State; urges moreover that non-compliance for recurrent infringers should lead to additional sanctions, such as alternative behavioural remedies or the obligation to take specific structural measures which could be a combination of recommendations from the Commission; stresses that the cease-and-desist order should be much more prescriptive in upcoming remedies;
2021/02/03
Committee: ECON
Amendment 342 #

2020/2223(INI)

Motion for a resolution
Paragraph 32 b (new)
32 b. Regrets the fact that selling at a loss is not prohibited at EU level; highlights the important contribution made by primary producers in supplying high-quality food and delivering public goods to society; calls on the Commission to guarantee fair competition and greater transparency in offline platforms’ commercial practices, including supermarket and hypermarkets, so as to ensure that EU producers receive fair conditions and prices for their products;
2021/02/03
Committee: ECON
Amendment 28 #

2020/2122(INI)

Motion for a resolution
Recital B a (new)
B a. whereas both the ECB and the SRB call for the swift completion of the Banking Union namely with the establishment of the EDIS (European Deposit Insurance Scheme);
2021/05/27
Committee: ECON
Amendment 34 #

2020/2122(INI)

Motion for a resolution
Recital C
C. whereas the lack of a solution to the treatment of sovereign debt exposures andin the banking prudential framework national options and discretions persists, undermining the European dimension of the Banking Union;
2021/05/27
Committee: ECON
Amendment 43 #

2020/2122(INI)

C a. whereas the regulatory treatment of sovereign debt exposures in the EU is in line with international standards;
2021/05/27
Committee: ECON
Amendment 54 #

2020/2122(INI)

Motion for a resolution
Recital E
E. whereas consumer protectionand investor protection is paramount to the deepening of the Capital Markets Union (CMU), but varies across the Banking Union;
2021/05/27
Committee: ECON
Amendment 59 #

2020/2122(INI)

Motion for a resolution
Recital F
F. whereas prudential and anti-money laundering supervision is necessaryfully harmonised standards and institutional cooperation on the prudential aspects of anti-money laundering and anti-money laundering supervision and enforcement are necessary to protect the integrity of the EU’s financial system;
2021/05/27
Committee: ECON
Amendment 66 #

2020/2122(INI)

Motion for a resolution
Recital G
G. whereas the withdrawal of the UK from the EU has resulted in the relocation of some banking services to the EU;
2021/05/27
Committee: ECON
Amendment 68 #

2020/2122(INI)

Motion for a resolution
Recital H
H. whereas the EU and the UK are currently committed to maintaining regulatory and supervisory cooperation in the field of financial services; whereas this engagement by the UK should be kept for future relations;
2021/05/27
Committee: ECON
Amendment 76 #

2020/2122(INI)

Motion for a resolution
Recital J
J. whereas depositors across the Banking Union shouldmust enjoy the same level of protection;
2021/05/27
Committee: ECON
Amendment 92 #

2020/2122(INI)

Motion for a resolution
Paragraph 2
2. Recalls that the Banking Union has delivered the institutional set-up for greater market integration, through the SSM and the SRM, while its third pillar, a European deposit insurance scheme (EDIS) is still lacking;
2021/05/27
Committee: ECON
Amendment 104 #

2020/2122(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. Notes that the full implementation of the Banking Union is necessary to deliver better conditions for the financing of the European economy, both to households and companies, still largely reliant on bank credit to foster investment and job creation;
2021/05/27
Committee: ECON
Amendment 119 #

2020/2122(INI)

Motion for a resolution
Paragraph 5
5. Underlines the vital contribution to addressing the crisis of public guarantee schemes, moratoria on loan repayments for borrowers in financial difficulty, the central banks’ liquidity programmes and the ECB’s targeted longer-term refinancing operations (TLTRO) and pandemic emergency purchase programme (PEPP); stresses the importance of keeping the above measures in place as long as necessary;
2021/05/27
Committee: ECON
Amendment 134 #

2020/2122(INI)

Motion for a resolution
Paragraph 6
6. Notes the ‘quick fix’ to the Capital Requirements Regulation31 extending transitional arrangements in order to support banks’ lending capacity32 ; believes that a 2 year freeze of the calendar of minimum loss coverage requirements set in the CRR and of supervisory expectation should be examined, considering that in many countries civil courts have been closed or their activity significantly reduced and collateral enforcement procedures have been postponed or delayed; underlines that such regulation could introduce a perverse incentive for banks towards starting judicial procedures for credit recovery and collateral enforcement also for those borrowers who experience temporary difficulties in payments; encourages the application of forbearance measures to firms and households, and calls for the removal of all regulatory obstacles to their application; _________________ 31Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1). 32Regulation (EU) 2020/873 of the European Parliament and of the Council of 24 June 2020 amending Regulations (EU) No 575/2013 and (EU) 2019/876 as regards certain adjustments in response to the COVID-19 pandemic (OJ L 204, 26.6.2020, p. 4).
2021/05/27
Committee: ECON
Amendment 146 #

2020/2122(INI)

8. Calls for a well-orchestrated, gradual shift from pandemic relief to recovery support tools, taking into consideration at every step the current conditions;
2021/05/27
Committee: ECON
Amendment 162 #

2020/2122(INI)

Motion for a resolution
Paragraph 9
9. Notes the accelerated pace of digitalisation in the banking sector, while pointing to the insufficient level of investment and regulation in this area;
2021/05/27
Committee: ECON
Amendment 166 #

2020/2122(INI)

Motion for a resolution
Paragraph 9 a (new)
9 a. Welcomes the Commission’s Proposal for a Corporate Sustainability Reporting Directive (CSRD); calls on the Commission to deploy further efforts to better align financial market activity with sustainability objectives and environmental, social and governance criteria, including the development of sustainability ratings based on ESG criteria;
2021/05/27
Committee: ECON
Amendment 177 #

2020/2122(INI)

Motion for a resolution
Paragraph 11
11. Notes the postponement of the implementation of the Basel III reforms and awaits the Commission’s upcoming proposal on the implementation of the finalised standards, taking into account, where appropriate, the specificities of the EU banking sector and the necessity to introduce measures aimed at increasing banks’ lending to the real economy;
2021/05/27
Committee: ECON
Amendment 185 #

2020/2122(INI)

Motion for a resolution
Paragraph 12
12. Notes the interdependencies between banks and central counterparties (CCPs) and increasingly with crypto- assets and digital finance;
2021/05/27
Committee: ECON
Amendment 188 #

2020/2122(INI)

Motion for a resolution
Paragraph 12 a (new)
12 a. Calls on the Commission to consider to what extent the growing importance of non-bank financial intermediation and its interconnection with the banking sector require additional macroprudential tools, namely the development of ex ante liquidity management tools and careful analysis of existing leverage measures; highlights that the recent pandemic shock illustrated that the non-bank sector can amplify market volatility and price dislocation, particularly when market liquidity comes under pressure;
2021/05/27
Committee: ECON
Amendment 198 #

2020/2122(INI)

Motion for a resolution
Paragraph 13 a (new)
13 a. Calls on the Commission to review the eligibility criteria with the objective of attracting a higher number of applications from women;
2021/05/27
Committee: ECON
Amendment 210 #

2020/2122(INI)

Motion for a resolution
Paragraph 16
16. Notes that sound management of credit risk should remain one of the key priorityies for the SSM;
2021/05/27
Committee: ECON
Amendment 218 #

2020/2122(INI)

Motion for a resolution
Paragraph 17
17. Stresses that ensuring proper and timely management of deteriorated exposures will be key to preventing a build-up of non-performing loans (NPLs) in the short term; calls on supervisors to continue to adequately consider the side effects that massive disposals of NPLs can have on prudential balance sheets of banks that use internal models;
2021/05/27
Committee: ECON
Amendment 230 #

2020/2122(INI)

Motion for a resolution
Paragraph 18
18. Stresses that banks should diligently assess the financial soundness and viability of businesses, proactively engage with distressed debtors to manage their exposures, and offer financing and restructuring options to viable companies and sectors whose prospects of recovery post pandemic, analysed on a case-by- case basis, remain high; stresses that the prudential framework should be consistently amended to allow and encourage such options;
2021/05/27
Committee: ECON
Amendment 234 #

2020/2122(INI)

18 a. Underlines the need to protect borrowers' rights in the context of NPL transactions and calls on Member States to put measures in place to ensure that borrowers, who might be in already vulnerable financial situations, are not subject to aggressive and unfair treatment and practices by poorly-regulated debt buyers and collectors; calls on the Commission, in the upcoming revision of the Consumer Credit Directive, to laydown more ambitious provisions on the protection of borrowers against abusive practices, ensuring that those rights apply equally to existing and future loans;
2021/05/27
Committee: ECON
Amendment 236 #

2020/2122(INI)

18 b. Underlines the importance of protecting consumer rights, namely regarding unfair terms and practices, banking fees, the transparency of products costs, profitability and risks; notes that the Banking Union still lacks effective tools to tackle problems consumers are facing such as unfair commercial practices and artificial complexity; calls, in this respect, on the European Banking Authority to devote more focus in fulfilling its mandate on properly collecting, analysing and reporting on consumer trends, and also on the review and coordination of financial literacy and education initiatives by the competent authorities; calls further on the Commission to scrutinise the unfair clauses and practices employed by the banking sector, in consumer contracts and to ensure the effective and swift implementation by all Member States of the Directive 93/13/EEC on unfair terms by using all means in place;
2021/05/27
Committee: ECON
Amendment 251 #

2020/2122(INI)

Motion for a resolution
Paragraph 20
20. Stresses the benefits of banking consolidation in addressing the overcapacities and fragmentation of the banking sector, taking into account each MS specificities; remains concerned, nonetheless with the existence of “too-big- to-fail” institutions; stresses furthermore the benefits of protecting diversity/plurality of financial sectors in building up systemic trust and maintaining the financial stability;
2021/05/27
Committee: ECON
Amendment 252 #

2020/2122(INI)

Motion for a resolution
Paragraph 20 a (new)
20 a. Stresses the importance of supervisory guidance recommending conservative policies on dividends and share buy-backs for financial institutions, attending to the need to maintain sufficient capitalisation;
2021/05/27
Committee: ECON
Amendment 261 #

2020/2122(INI)

Motion for a resolution
Paragraph 22
22. Is concerned that as Member States sell increasing amounts of sovereign bonds, their share in banks’ balance sheets grows, potentially aggravating the doom loop; considerstresses that the creation of Next Generation EU willcan provide high-qualita truly European safe assets;
2021/05/27
Committee: ECON
Amendment 267 #

2020/2122(INI)

Motion for a resolution
Paragraph 22 a (new)
22 a. Takes the view that these high quality European Safe Assets will diversify the pool of safe assets available in the EU, providing an opportunity for banks to reduce the exposure of their balance sheets to national sovereign debt and contributing to strengthen the international role of the euro;
2021/05/27
Committee: ECON
Amendment 275 #

2020/2122(INI)

Motion for a resolution
Paragraph 24
24. NotWelcomes the efforts of the SSM to provide guidance and clarity to banks for self-assessing and appropriately reporting environmental and climate change-related risks; stresses that further supervisory pressure is required for financial institutions to disclose appropriately climate-related and environmental risks; considers the SSM climate risk stress test an important step in evaluating banks’ practices and identifying concrete areas of improvement;
2021/05/27
Committee: ECON
Amendment 285 #

2020/2122(INI)

Motion for a resolution
Paragraph 25
25. Notes the EBA’s role in leading, coordinating and monitoring the EU financial sector’s fight against money laundering and terrorist financing; welcomes the ECB’s efforts over the past two years to enhance exchange of information between the SSM and AML/CFT supervisors to better take into account AML aspects in prudential supervision measures;
2021/05/27
Committee: ECON
Amendment 307 #

2020/2122(INI)

Motion for a resolution
Paragraph 29
29. Welcomes the fact that while the SRB was not required to take resolution action in 2020, it nevertheless collaborated with the SSM regarding close-to-crisis cases; appreciates the advancement of the current resolution planning cycle, and reiterates that MRELproportionate MREL setting represents one of the key elements in enhancing banks’ resolvability while ensuring broader financial stability;
2021/05/27
Committee: ECON
Amendment 318 #

2020/2122(INI)

Motion for a resolution
Paragraph 30
30. Considers it necessary to have in place an EU liquidationcomprehensive regime for banks for which the SRB assesses that there is no public interest in resolution;
2021/05/27
Committee: ECON
Amendment 321 #

2020/2122(INI)

Motion for a resolution
Paragraph 30 a (new)
30 a. Stresses that the “sale of business” strategy should be prioritised by the SRB as a way to minimise value losses in resolution and liquidation; considers therefore that access to the SRF and the national deposit guarantee schemes (NDGSs) should be facilitated, as a way to minimise tax payer contributions and destruction of value, and ensure financial stability;
2021/05/27
Committee: ECON
Amendment 335 #

2020/2122(INI)

Motion for a resolution
Paragraph 33
33. Considers it necessary to review the public interest assessment in order to allow resolution tools to be applied to a broader group of banks, namely for middle-sized banks;
2021/05/27
Committee: ECON
Amendment 350 #

2020/2122(INI)

Motion for a resolution
Paragraph 35
35. NotStresses the importance of depositors across the Banking Union enjoying the same level of protection of their savings; takes note of the Commission proposal to further strengthen citizens’ confidence in the protection of deposits by introducing an EDIS;
2021/05/27
Committee: ECON
Amendment 371 #

2020/2122(INI)

Motion for a resolution
Paragraph 36
36. Notes the Commission’s launch of the review of the CMDI framework, including the option of a hybrid EDIS;
2021/05/27
Committee: ECON
Amendment 376 #

2020/2122(INI)

Motion for a resolution
Paragraph 36 a (new)
36 a. Calls for further steps towards a time-bound work plan on all outstanding elements needed to complete swiftly the Banking Union and deliver a fully-fledged EDIS;
2021/05/27
Committee: ECON
Amendment 50 #

2020/2117(INI)

Motion for a resolution
Paragraph 3
3. Underlines that the post-COVID-19 recovery is a unique opportunity to set the agenda for sustainable growth; calls on the Commission, therefore, to presentspeed up its review of the 15-point action plan on TSD chapters without delayso it can be implemented in all ongoing negotiations without exception; expects the review to address the enforceability of TSD commitments as a matter of urgency, as it is not currently included; recalls, in this regard, the non- paper from the Netherlands and France on trade, social economic effects and sustainable development11 ; suggests that, as a minimum, recent advances in enforceability should be applied to EU trade policy, namely the ability to tackle any non-compliance by partners through unilateral sanctions, including the introduction of tariffs or quotas on certain products or the cross- suspension of other parts of an agreement; __________________ 11 Non-paper from the Netherlands and France on trade, social economic effects and sustainable development, accessed at ‘the Netherlands at International Organisations (permanentrepresentations.nl)’.
2021/04/20
Committee: INTA
Amendment 66 #

2020/2117(INI)

Motion for a resolution
Paragraph 5
5. Points out that high up-front costs, which will only repay themselves over time, and a lack of know-how and equipment are currently preventing developing countries from ‘going green’; demands that the Commission use all trade instruments and development cooperation policies at its disposal to increase financial support, technical assistance, technology transfers and digital penetration in order to empower developing countries and enable them to achieve sustainable resilience and to better implement due diligence across the supply chain;
2021/04/20
Committee: INTA
Amendment 139 #

2020/2117(INI)

Motion for a resolution
Paragraph 12
12. Is convinced that the EU is too dependent on a limited number of suppliers for critical goods and services, especially for medical and pharmaceutical goods; insists that the EU should overcome these undesirable dependencies via a mix of policies to incentivise companies to stockpile, diversify sourcing strategies and promote nearshoring, - which could create new trading opportunities for partners in the Eastern and Southern Neighbourhoods - and reshoring where necessary;
2021/04/20
Committee: INTA
Amendment 171 #

2020/2117(INI)

Motion for a resolution
Paragraph 16 a (new)
16a. Welcomes the proposal by several government leaders for an international treaty on the pandemic response and calls for this to include a strong trade pillar; underlines that the international trade framework must foster cooperation and put into place both structural and rapid response mechanisms to help governments overcome the challenges associated with health emergencies; maintains that progress needs to be made in the areas of transparency on available stocks, global supply networks, production capacities and product pricing of essential health products, the implementation and development of exemptions for public health security in the intellectual property rights framework, increasing the global mobility of essential services, protecting and fostering the resilience of SMEs, and developing an intersectional approach to tackle the negative impact of health crises on gender equality, income equality, and the position of minorities;
2021/04/20
Committee: INTA
Amendment 172 #

2020/2117(INI)

Motion for a resolution
Paragraph 16 b (new)
16b. Calls to establish a new Committee on Trade and Health on the 12th WTO Ministerial Conference in order to prepare guidelines on how governments can implement existing exemptions and flexibilities in international trade law to increase public health security, which mechanisms must be put in place to improve the global response to health emergencies and to lay the groundwork for a trade pillar for the negotiations on a future international treaty on the pandemic response;
2021/04/20
Committee: INTA
Amendment 198 #

2020/2117(INI)

Motion for a resolution
Paragraph 20
20. Emphasises that international trade policy must play a proactive role in this endeavour by facilitating trade in raw materials, alleviating shortages of qualified and experienced personnel, solving supply chain problems and revisiting the global framework for intellectual property rights for future pandemics; insists, in this regard, on a constructive dialogue about a temporary waiver of the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) in order to ensure that countries do not face retaliation over COVID-19 related patent infringements during the pandemic; calls on the Commission to re-evaluate the TRIPS+ commitments in EU trade agreements in light of lessons learned, and to improve the work on increasing the effectiveness of IPR flexibilities such as, but not limited to, compulsory licensing in the context of bilateral negotiations and dialogue;
2021/04/20
Committee: INTA
Amendment 1 #

2020/2114(INI)

Draft opinion
Paragraph 1
1. Underlines that the rules-basedfair, inclusive, rules-based and non-discriminatory multilateral trading system has been a key driver of global trade liberalisation, which has powered economic growth, job creation, improvement of living standards, income growth and the promotion of sustainable economic development, therefore strengthening prosperity, peace and security; recalls the importance of incorporating a gender perspective into the promotion of inclusive economic growth and to promote women’s empowerment that is key to the eradication of poverty; underlines importance of the Sustainable Development Goals (SDGs) and the Paris Agreement objectives as well as social, environmental and human rights; notes furthermore its role in fostering a predictable trade environment through the development of more transparent and fair trade rules and regulations; believes, however, that there is a need and motivation to rebuild trust in multilateral institutions in the face of global challenges and shifting world power dynamics;
2022/01/27
Committee: INTA
Amendment 14 #

2020/2114(INI)

Draft opinion
Paragraph 2
2. Regrets the growing tendencies towards protectionism and trade weaponisation that have developed in parts of the global economy; welcomes the strengthening of the EU’s trade enforcement efforts and the development of a toolbox of autonomous trade instruments to respond to these emerging challenges; notes the aim at a reformed and well-functioning multilateral rulebook with an effective functioning dispute settlement system at its core in the World Trade Organization (WTO); stresses the need, however, to remain fully engaged in efforts to reinvigorate the World Trade Organization (WTO) with a view to increasing its effectiveness, inclusiveness, transparency and legitimacy as the cornerstone of a liberalised global economy and to deal with the challenges posed by non-market economies; recalls the need for all WTO members to commit to modernize and equip the WTO with tools to address the trade challenges of the twenty-first century, including digital revolution, green, fair and sustainable transition, and to carry the reform agenda forward aiming at agreeing on a concrete work plan by the next MC12;
2022/01/27
Committee: INTA
Amendment 24 #

2020/2114(INI)

Draft opinion
Paragraph 3
3. Notes the need to work closely with like-minded partners, and to engage with all members of the WTO that are committed to a positio bring forward a positive agenda for reform; points out that a successful reform will require engaging with all parties involved agenda for reformnd taking into account their valid concerns when agreeing on a compromise solution; recognises that historically it has been EU- US cooperation that has been the main driving force for progress within multilateral trade negotiations, and therefore welcomes the positive statements on WTO reform made by the current US administration, which shand encourages the US to follow through on this with concrete proposals which could provide a basis for renewed engagement on actionable outcomes; supports a forward- looking transatlantic agenda based on common interests and shared values, aiming to achieve meaningful WTO reform, including of dispute settlement;its monitoring, negotiating and dispute settlement functions; regrets the stalemate at the WTO Appellate Body, which is depriving the global trading system of an enforceable dispute settlement system; urges all WTO members to engage on solutions to restore a fully functioning and independent Appellate Body.
2022/01/27
Committee: INTA
Amendment 33 #

2020/2114(INI)

Draft opinion
Paragraph 3 a (new)
3 a. Welcomes the WTO’s close collaboration the World Health Organisation and other international organizations ensuring that trade plays a positive role in addressing the pandemics and subsequent crisis and in supporting the recovery of the global economy; urges the conclusion of an ambitious initiative in the area of trade and health, eliminating trade and regulatory restrictions that affect the distribution of and boosting the capacity to produce active ingredients, medicines, vaccines, treatments and equipment, and on transparency and global cooperation in times of crisis including temporary TRIPS waiver, in order to maintain the resilience of supply chains in the current context but for future crises as well; welcomes the purpose to strengthen pandemic prevention, preparedness and response capacity of the WTO;
2022/01/27
Committee: INTA
Amendment 38 #

2020/2114(INI)

Draft opinion
Paragraph 4
4. Stresses that democratic, legitimate, accountable and transparent global governance should feature greater participation of parliamentary bodies, as directly elected parliamentarians can function as a crucial link between citizens and the multilateral system; emphasises the importance of the work of the joint European Parliament and Inter- Parliamentary Union parliamentary conference on the WTO; underlines the need to ensure that parliamentarians have better access to trade negotiations and are involved in the formulation and implementation of WTO decisions; reiterates the need for all WTO members to enhance the exchange with stakeholders including civil society and business organisations and community and calls on improved cooperation with other international organisations such as the ILO, the UN system, the OECD and the IMF.
2022/01/27
Committee: INTA
Amendment 25 #

2020/2075(INI)

Motion for a resolution
Recital B (new)
B. whereas in the aftermath of the Global Financial Crisis, the successive reforms of the EMU focused on risk reduction but failed to introduce risk- sharing elements;
2021/04/23
Committee: ECON
Amendment 27 #

2020/2075(INI)

Motion for a resolution
Recital D (new)
D. whereas the current governance framework presents conceptual and practical weaknesses that lead to rules overly complex, weak enforcement, lack of ownership and of incentives to pursue symmetrical counter-cyclical policies and it did not succeed to reduce divergences between in the EU nor to protect or stimulate growth enhancing public investment;
2021/04/23
Committee: ECON
Amendment 28 #

2020/2075(INI)

Motion for a resolution
Recital E (new)
E. whereas gross public investment was severely cut following the financial and sovereign debt crisis, and in many Member States net public investment is even negative implying that the current fiscal framework leads to too recessive consolidation measures and facilitates the decline of public investment during the periods of fiscal consolidation;
2021/04/23
Committee: ECON
Amendment 29 #

2020/2075(INI)

Motion for a resolution
Recital F (new)
F. whereas there are significant investment funding gaps that should be addressed: €470 billion a year until 2030 to meet EU environmental objectives 20a; €142billion a year for social infrastructure such as hospitals or schools 21a ; along with €190 billion a year to stabilise the stock of public capital 22a; _________________ 20aEuropean Commission, “SWD(2020) 98 final - Identifying Europe’s recovery needs”, 27.5.2020, p.14-16. 21aThis estimation only cover health and long-term care (EUR 70 billion), education and life-long learnings (EUR 15 billion) and affordable housing (EUR 57 billion). Source: FRANSEN, L., BUFALO, G., REVIGLIO, E., “Boosting Investment in Social Infrastructure in Europe - Report of the High-Level Task Force on Financing Social Infrastructure in Europe”, 2018, 116p. 22aEuropean Commission, “SWD(2020) 98 final - Identifying Europe’s recovery needs”, 27.5.2020, p. 18-20
2021/04/23
Committee: ECON
Amendment 31 #

2020/2075(INI)

Motion for a resolution
Recital H (new)
H. whereas the pandemic is causing an unprecedented exogenous shock with large asymmetric impacts, weighting negatively on the EU economic outlook and enlarging divergences between Member States;
2021/04/23
Committee: ECON
Amendment 32 #

2020/2075(INI)

Motion for a resolution
Recital I (new)
I. whereas the pandemic has amplified pre-existing inequalities and poverty and has demonstrated the importance of European social model and its existing social safety nets;
2021/04/23
Committee: ECON
Amendment 35 #

2020/2075(INI)

Motion for a resolution
Recital L (new)
L. whereas public debt levels at the beginning of the pandemic were high, the unprecedented economic recession, the unprecedented national fiscal measures taken in response to the pandemic and the need to support a sustainable and inclusive recovery will impact public finances pushing EU debt-to-GDP to a new peak above 100% of GDP;
2021/04/23
Committee: ECON
Amendment 36 #

2020/2075(INI)

Motion for a resolution
Recital M (new)
M. whereas environmental 25a and social sustainability are interconnected with long-term fiscal sustainability; _________________ 25aExtreme disaster tend to lower economic output (Botzen, Deschenes and Sanders, 2019); IMF forecasts that major weather-related disasters could have a negative impact in real GDP per capita and countries that are better equipped to address major natural disasters could more easily cushion the impact.
2021/04/23
Committee: ECON
Amendment 37 #

2020/2075(INI)

Motion for a resolution
Recital N (new)
N. whereas the crisis response of the EU 26a has strengthened the EMU and, so far, succeeded to create trust and confidence, tame financial markets volatility; underlines for this effect the importance of the issuance of EU bonds; _________________ 26a Through in particular the Recovery Package and the SURE instrument.
2021/04/23
Committee: ECON
Amendment 98 #

2020/2075(INI)

Motion for a resolution
Paragraph 5 a (new)
5a. Supports policies that are tailored to the stage of the pandemic, the path to the economic recovery and to countries´ individual circumstances;
2021/04/23
Committee: ECON
Amendment 108 #

2020/2075(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Points out that for as long as differences in the pace of recovery are economically significant, fiscal policy should limit the scarring and reduce inequalities by supporting those segments of the economy and society that are at a higher risk of divergence; notes that income inequalities are likely to increase notably within young workers, women and low-skilled workers;
2021/04/23
Committee: ECON
Amendment 111 #

2020/2075(INI)

Motion for a resolution
Paragraph 7
7. Welcomes the policy response of governments aimed at avoiding a sharp increase in corporate insolvencies and unemployment; warns that an abrupt and uncoordinated withdrawal of support measures could lead to financial distress and recommends that more general support is replaced gradually by more targeted schemes including solvency measures; further recommends fiscal measures to facilitate job creation and reallocation namely through retraining and reskilling programmes, together with income support as needed;
2021/04/23
Committee: ECON
Amendment 122 #

2020/2075(INI)

Motion for a resolution
Paragraph 7 c (new)
7c. Highlights that monetary policy has been carrying the main burden of stabilisation in the past years and crisis; notes that the crisis caused by the pandemic showed that monetary policy is not enough for stabilisation purposes and fiscal policy should play an increasing role;
2021/04/23
Committee: ECON
Amendment 138 #

2020/2075(INI)

Motion for a resolution
Paragraph 8
8. Stresses the importance of complementarity between monetary and fiscal policies to deliver the required support post-COVID-19, the former by preserving favourable financing conditions and the latter by supporting firms, workers and people; considers that the low interest rate environment has implications for fiscal policy; warns against a premature tightening of monetary and fiscal policy;
2021/04/23
Committee: ECON
Amendment 148 #

2020/2075(INI)

Motion for a resolution
Paragraph 9
9. Underlines that structural factors are likely to keep rates low in the long term; considers that macroeconomic policies should address the factors underlying secular stagnationsuch as ageing, global savings, low inflation and productivity slowdown are likely to keep rates low in the long term and the impact of Covid-19 shocks is likely to accelerate this tendency as precautionary savings are rising further and investment decisions might be delayed; considers that macroeconomic policies should address the factors underlying secular stagnation through high-quality fiscal expansion with durable repercussions on the private-sector savings-investment balance complemented with growth-enhancing reforms;
2021/04/23
Committee: ECON
Amendment 180 #

2020/2075(INI)

Motion for a resolution
Paragraph 12
12. Stresses that debt service costs are expected to remain low for the foreseeable future thanks to a large share of debt burden covered by long maturities and sometimes negative yielding bonds, and primary deficits are likely to be offset by favourable interest-growth differentials; further considers that as long as the differentials are negative it is possiblewill ensure the ability to sustain and progressively reduce high debt levels;
2021/04/23
Committee: ECON
Amendment 200 #

2020/2075(INI)

Motion for a resolution
Paragraph 13
13. Recalls the importance of growth- enhancing policies and public investment aimed at increasing sustainable growth potential and achieving the EU’s objectives; reiterates that future-oriented investment and expenditure has positive spill overs in the medium-to-long-term debt sustainability;
2021/04/23
Committee: ECON
Amendment 207 #

2020/2075(INI)

Motion for a resolution
Paragraph 14
14. Stresses the importance of pursuing a broad and transparent DSA in orderebt Sustainability Analysis (DSA) in order to support policymakers´ decision to set an appropriate country-specific path, using innovative tools and techniques such as stress tests and stochastic analysis to better reflect risks to public debt dynamics; (such as interest-growth differentials, debt composition, demographics and climate change) and the quality of public expenditure;
2021/04/23
Committee: ECON
Amendment 240 #

2020/2075(INI)

Motion for a resolution
Paragraph 16
16. Calls for the renewed fiscal framework to promote sustainability and cyclical stabilisation and to improve the quality of public expenditure through sustainable investments and reforms; calls for well-defined, transparent, simple, flexible and enforceable rules embedded in a credible and democratic framework that takes into account the specificities of Member States, including the different economic structures and geographical constraints, and promote upward economic and social convergence;
2021/04/23
Committee: ECON
Amendment 272 #

2020/2075(INI)

Motion for a resolution
Paragraph 19
19. Notes that the country-specific path would not be subject to applying any strict formula and the outcome should result from a discussion between each Member State and the Commission, after a consultation with the EFB in the context of the European Semester; considers that the expenditure rule should also include a correction mechanism to remove cyclical items as interest payments and cyclical unemployment benefits;
2021/04/23
Committee: ECON
Amendment 286 #

2020/2075(INI)

Motion for a resolution
Paragraph 21
21. Proposes, in line with the EFB, ‘ onethe adoption of a general escape clause, triggered based on independent economic judgement’ proposed by the Commission supported by an opinion based on independent economic judgement in order to reduce complexity and to preserve the ability to act in case of unforeseeable circumstances;
2021/04/23
Committee: ECON
Amendment 301 #

2020/2075(INI)

Motion for a resolution
Paragraph 22
22. Shares the EFB’s opinion that sustainable growth-enhancing public investments should be exempt from the expenditure rule, in particular those investments that are aligned with the EU’s long-term objectives of the NGEU; calls for a revamped fiscal framework that promotes the increase and stabilisation of growth-enhancing public investment related namely to social resilience, climate change and digitalisation;
2021/04/23
Committee: ECON
Amendment 307 #

2020/2075(INI)

Motion for a resolution
Paragraph 22 a (new)
22a. Reminds that meeting the objectives of the European Green Deal will require targeted and sustained fiscal effort over several decades; recalls that failing to meet these objectives would heighten significant sustainability-related fiscal risks;
2021/04/23
Committee: ECON
Amendment 321 #

2020/2075(INI)

Motion for a resolution
Paragraph 23 a (new)
23a. Underlines that a renewed EU fiscal framework should provide fiscal space and internalize the effects of national discretionary fiscal policies while safeguarding sound public finances; stresses that coordination of the fiscal stance is of particular importance for the euro area and calls for the appropriate fiscal tools to properly coordinate national fiscal policies mitigating possible imbalances;
2021/04/23
Committee: ECON
Amendment 377 #

2020/2075(INI)

Motion for a resolution
Paragraph 28
28. Considers that clarity and consistency concerning the interplay between the MIP and the Stability and Growth Pact is key to ensuring that their objectives are achieved; the recommendations to Member States within the MIP framework could be contradictory in some cases with the fiscal policy guidelines based on the application of the Stability and Growth Pact; therefore, it is necessary to improve clarity and consistency concerning the interplay between the MIP and the Stability and Growth Pact and to provide the EU with additional instruments to guarantee a correct aggregate fiscal stance according to the cyclical needs of the eurozone economy as a whole;
2021/04/23
Committee: ECON
Amendment 394 #

2020/2075(INI)

Motion for a resolution
Paragraph 30
30. Calls for a renewed European Semester as the main economic and social policy coordination framework supporting the EU’s long-standing goals of sustainability and upward convergence with stronger national ownership; calls for a more balanced institutional role of the European Parliament in the European Semester to ensure a more rigorous democratic scrutiny ; demands for the European Parliament’s full involvement in defining the overarching goals and the guidance;, in particular the ones related to the euro area; stresses the importance of a stronger balance in policy coordination between employment and social affairs ministers and finance ministers namely in the euro area.
2021/04/23
Committee: ECON
Amendment 409 #

2020/2075(INI)

Motion for a resolution
Paragraph 30 b (new)
30b. Points towards the lack of ownership as one the main weaknesses of the European Semester; notes that the design of this framework must respect a set of long-term objectives and guidance at EU level, reflected in national plans, policy recommendations on a variety of policy objectives which should allow for policy choices properly reflecting national needs and priorities underpinned by an open and inclusive policy dialogue between the EU and national institutions and stakeholders;
2021/04/23
Committee: ECON
Amendment 418 #

2020/2075(INI)

Motion for a resolution
Paragraph 32
32. Calls for more involvement of national macro prudential authorities and national productivity councils in the MIP process;
2021/04/23
Committee: ECON
Amendment 419 #

2020/2075(INI)

Motion for a resolution
Paragraph 32 a (new)
32a. Underlines the importance of ensuring a proper balance of responsibilities between the different institutions in the implementation of the EU fiscal framework; calls for a higher involvement of the European Parliament when discussing medium to long-term budgetary guidelines; in order to ensure greater transparency and accountability, it should be enhanced the involvement of the national parliaments;
2021/04/23
Committee: ECON
Amendment 435 #

2020/2075(INI)

Motion for a resolution
Paragraph 34 a (new)
34a. Calls on the Commission to further reflect on the design and implementation of Macroeconomic Adjustment Programmes; is firmly convinced that the way macroeconomic adjustment programmes were implemented had serious consequences on the social fabric of the countries, led to permanent losses of output, raised serious doubt of external political interference and presented a lack of national ownership;
2021/04/23
Committee: ECON
Amendment 436 #

2020/2075(INI)

Motion for a resolution
Paragraph 34 b (new)
34b. Calls on the Commission to assess the effectiveness and the added value of post-programme surveillance in those euro area Member States that are no longer subject to a macroeconomic adjustment programme; notes that Member States exiting a macroeconomic adjustment programme are also under enhance surveillance in the European Semester and, where relevant, in-depth reviews can be conducted; considers that this double surveillance does not bring any additional benefits for the process of multilateral surveillance;
2021/04/23
Committee: ECON
Amendment 463 #

2020/2075(INI)

Motion for a resolution
Paragraph 37
37. Recalls that the creation of the ESM outside the institutions of the Union represents a setback in the development of the Union; recalls its call for the ESM to be integrated into EU law under the Community method;
2021/04/23
Committee: ECON
Amendment 2 #

2020/2071(INI)

Draft opinion
Paragraph 1
1. Notes that the COVID-19 pandemic has revealed in the starkest possible terms the vital role played by functioning global supply chains for medical products, and in particular for medicines; emphasises that the implementation of an open, rules- based trading system is fundamental to ensuring the global availability of medicines and that our vulnerability is not repeated in future emergencies;
2020/05/18
Committee: INTA
Amendment 6 #

2020/2071(INI)

Draft opinion
Paragraph 1
1. Notes that the COVID-19 pandemic has revealed in the starkest possible terms the vital role played by functioning global supply chains for medical products, and in particular for medicines; emphasises that an fair, open, rules-based trading system is fundamental to ensuring the global availability of medicines;
2020/05/18
Committee: INTA
Amendment 11 #

2020/2071(INI)

Draft opinion
Paragraph 2
2. Recognises that the EU depends on a narrow set of countries for a large proportion of its imports of active pharmaceutical ingredients and chemical raw materials; stresses that this over- reliance can pose a risk when limitations in production capacity, excess demand or protectionist measures threaten the proper functioning of global supply chains and potentially undermine the availability of medicines in the EU; calls on the Commission to present a long-term strategy focused on ensuring the EU’s open strategic autonomy in healthand Member States to take the necessary legislative measures, policies and incentives to encourage the production of essential APIs and medicines in Europe to guarantee supply at all times and reduce supply dependence from third countries;
2020/05/18
Committee: INTA
Amendment 16 #

2020/2071(INI)

Draft opinion
Paragraph 2
2. Recognises that the EU depends on a narrow set of countries for a large proportion of its imports of active pharmaceutical ingredients and chemical raw materials; stresses that this over- reliance can pose a risk when limitations in production capacity, excess demand or protectionist measures threaten the proper functioning of global supply chains and potentially undermine the availability of medicines in the EU; calls on the Commission to present a long-term strategy focused on ensuring the EU’s open strategic autonomy in health, and the diversification of its supply chains;
2020/05/18
Committee: INTA
Amendment 22 #

2020/2071(INI)

Draft opinion
Paragraph 2 a (new)
2 a. Underlines that a complete repatriation of medical supply chains is not possible in a global economy; urges the Commission and the Member States to work with the EU’s partners, the WHO and WTO, on establishing an international framework that can prevent the breakdown of supply chains i.a. by establishing a global catalogue of essential emergency healthcare products in order to limit the resort to protectionist measures;
2020/05/18
Committee: INTA
Amendment 34 #

2020/2071(INI)

Draft opinion
Paragraph 3 a (new)
3 a. Acknowledges that the EU’s recent trade agreements includes clear rules on commercial aspects of intellectual property rights, which generally acknowledge the issuing of compulsory licences in line with the TRIPS agreement; however, provisions such as data exclusivity enhanced patent protection and the protection of trade secrets, could possibly make it more difficult for many countries to invoke such clauses to their fullest effect; calls upon the Commission to give the Parliament an assessment of what role the EU free trade agreements and TRIPS can provide in this situation, including whether the Commission is considering guidelines in which voluntary licensing could be encouraged over immediate compulsory licensing;
2020/05/18
Committee: INTA
Amendment 44 #

2020/2071(INI)

Draft opinion
Paragraph 4
4. Emphasises that a broad network of fair and well implemented FTAs together with a functioning multilateral trading system constitute the best way of guaranteeing that multiple sources of manufacturing for essential medicines are available and regulatory standards converge globally;
2020/05/18
Committee: INTA
Amendment 51 #

2020/2071(INI)

Draft opinion
Paragraph 5 a (new)
5 a. Notes that the whole world is fighting the COVID-19 pandemic, as no available medication that can fight the disease has been found yet; calls upon the Commission to coordinate with the WTO and the WHO that all countries, and in particular the developing countries, have equal access in case of any breakthrough drugs; encourages all member states to make efforts to establish a pool of patent rights for COVID-19 technologies at the WHO;
2020/05/18
Committee: INTA
Amendment 64 #

2020/2071(INI)

Draft opinion
Paragraph 6 a (new)
6 a. Calls upon the Commission and the Member States to make sure that there is a constant and reliable supply of medical products; stresses that the development of medical products has to be in line with the international standards of human rights, in compliance with the Paris agreement, and that labour rights are in compliance with the ILO conventions; calls on the Commission that to maintain a level playing field in the internal market a common European approach for binding supply chain law is urgently needed;
2020/05/18
Committee: INTA
Amendment 66 #

2020/2071(INI)

Draft opinion
Paragraph 6 a (new)
6 a. Highlights the importance that the European Commission takes all necessary measures to combat speculation, fraud and price abuses in the trade of essential medical substances;
2020/05/18
Committee: INTA
Amendment 67 #

2020/2071(INI)

Draft opinion
Paragraph 6 b (new)
6 b. Emphasises the importance of European safety standards for medical products; urges the Commission to check medical products entering our internal market that they uphold to the European safety standards; calls upon the Commission to ensure that consumer protection is prioritised in the WTO negotiations on e-commerce in negotiation;
2020/05/18
Committee: INTA
Amendment 68 #

2020/2071(INI)

Draft opinion
Paragraph 6 b (new)
6 b. Calls on the Commission to exercise leadership at global level to ensure that developing countries have guaranteed access to and supply of essential medicines, especially in emergencies;
2020/05/18
Committee: INTA
Amendment 69 #

2020/2071(INI)

Draft opinion
Paragraph 6 c (new)
6 c. Stresses the importance of ensuring universal access to vaccines and medical treatment, especially in cases of emergency and for new diseases for which no treatment exists, as in the case of Covid-19; urges a close collaboration between the WHO and the WTO to ensure the supply of the vaccine once it is found; at the same time, calls on the Commission to strengthen its mechanisms for the joint procurement of medicines in order to guarantee universal access to treatment for all citizens regardless of their place of residence.
2020/05/18
Committee: INTA
Amendment 8 #

2020/2036(INI)

Motion for a resolution
Citation 7 a (new)
- having regard to the March 2018 action plan from the European Commission on Fintech,
2020/07/17
Committee: ECON
Amendment 15 #

2020/2036(INI)

Motion for a resolution
Recital A a (new)
Aa. whereas the CMU should provide a regulatory environment which mitigates risks to financial stability, and adequately protects the interests of retail investors, pensioners and consumers;
2020/07/17
Committee: ECON
Amendment 17 #

2020/2036(INI)

Motion for a resolution
Recital A b (new)
Ab. whereas the development of a CMU goes necessarily hand in hand with the deepening of the economic and monetary union, and in particular with the completion of the banking union and the creation of a mechanism of fiscal stabilisation for the euro area as a whole; whereas the CMU must be complemented by counter-cyclical policy measures to foster aggregate demand and reduce inequalities;
2020/07/17
Committee: ECON
Amendment 22 #

2020/2036(INI)

Motion for a resolution
Recital A c (new)
Ac. whereas legislative harmonisation remains insufficient to create a truly European capital market if diverging national implementation, supervision, and enforcement practices remain in place;
2020/07/17
Committee: ECON
Amendment 28 #

2020/2036(INI)

Motion for a resolution
Recital B
B. whereas the actions taken so far to achieve the CMU are moving in the right direction; whereas much work nevertheless remains to be done in terms of the precision, effectiveness and simplification of the measures adoptedhowever, progress towards achieving CMU has been limited, multiple targets have not been reached and the importance of bank lending as compared to equities has actually increased in recent years as a source of investment funds in the EU;
2020/07/17
Committee: ECON
Amendment 30 #

2020/2036(INI)

Motion for a resolution
Recital B a (new)
Ba. whereas most measures that have been considered and implemented aim to improve and unify capital markets relate to the professional tools and financial vehicles available to practitioners in intermediation and their clients (basically institutions, funds and high net worth individuals), the CMU needs to mobilise retail demand, which in Europe lags at well below the levels prevailing in the USA or Japan; whereas to achieve such an objective, retail investors have to experience a change in investment culture; whereas such a change will only happen when retail investors become convinced that investment in capital markets is desirable because it can be of profit to them more than say, bank deposits, while being subject to risks that are acceptable and clearly defined;
2020/07/17
Committee: ECON
Amendment 37 #

2020/2036(INI)

Motion for a resolution
Recital B b (new)
Bb. whereas SMEs accounted for 99.8% of all enterprises in the EU-28 non-financial business sector (NFBS), generating 56.4% of value added and 66.6% of employment in the NFBS; whereas micro SMEs accounted for 93% of the sector, small SMEs 5,9% and Medium-sized SMEs only 0,9%1a; _________________ 1aEuropean Commission ANNUAL REPORT ON EUROPEAN SMEs 2018/2019
2020/07/17
Committee: ECON
Amendment 48 #

2020/2036(INI)

Motion for a resolution
Recital C a (new)
Ca. whereas one of the challenges of a CMU is to ensure equal access to financing and to investment opportunities across the European Union, which should be geographically balanced, reaching citizens and businesses in core and peripheral regions of the European Union;
2020/07/17
Committee: ECON
Amendment 55 #

2020/2036(INI)

Motion for a resolution
Recital C b (new)
Cb. whereas investment activities tend to remain confined by national borders, and retail investors face numerous obstacles to access opportunities outside their Member State, due to legal uncertainty, language and cultural barriers, market fragmentation and costly inefficiencies in the EU;
2020/07/17
Committee: ECON
Amendment 59 #

2020/2036(INI)

Motion for a resolution
Recital C c (new)
Cc. whereas the lack of a centralised mechanism with easily accessible, reliable, understandable and comparable public information is one of the reasons why companies struggle to find investors;
2020/07/17
Committee: ECON
Amendment 62 #

2020/2036(INI)

Motion for a resolution
Recital C d (new)
Cd. whereas the funding ecosystem for SME IPOs in the EU is underdeveloped due to information asymmetries, high costs, administrative burdens, and lack of equity culture; whereas investors find it difficult to evaluate young and small firms with a short business record thus hindering innovative openings especially by young entrepreneurs;
2020/07/17
Committee: ECON
Amendment 66 #

2020/2036(INI)

Motion for a resolution
Recital C e (new)
Ce. whereas Fintech has the potential to suit certain needs of SMEs and retail investors by allowing decentralised ways of operating and delivering efficiency improvements;
2020/07/17
Committee: ECON
Amendment 77 #

2020/2036(INI)

Motion for a resolution
Paragraph 1
1. Calls for the removal of barriers, including the simplification of legislation , where appropriate, to diversify funding sources for SMEs, in order to promote SMEs’ ability to access equity markets, and to reduce the existing debt bias; points out that the current situation makes SMEs more fragile and vulnerable;
2020/07/17
Committee: ECON
Amendment 83 #

2020/2036(INI)

Motion for a resolution
Paragraph 1 a (new)
1a. Calls on the Commission to strengthen the mandatory feedback given by banks when declining SME credit applications, as a more comprehensive feedback could give the opportunity to SMEs with declined requests to adapt their business approach and to learn;
2020/07/17
Committee: ECON
Amendment 86 #

2020/2036(INI)

Motion for a resolution
Paragraph 1 b (new)
1b. Calls on the Commission and Member States to actively inform SMEs of the alternative financing instruments available to them;
2020/07/17
Committee: ECON
Amendment 88 #

2020/2036(INI)

Motion for a resolution
Paragraph 1 c (new)
1c. Welcomes the idea of establishing a European Single Access Point (ESAP) to aggregate information about companies in the EU through the interconnection of existing national and EU registers and databases of company data, as a way to support companies, in particular in smaller Member States, to attract investors; stresses that companies should be able to control the availability of their data in the ESAP;
2020/07/17
Committee: ECON
Amendment 111 #

2020/2036(INI)

Motion for a resolution
Paragraph 3
3. Calls for the acceleration of the development of EU venture capital (VC) and private equity markets by increasing the availability of funding for VC investments, developing larger late-stage VC funds, tax incentive schemes for VC and business angel investments, and active IPO markets for VC-backed companies under a common, and transparent, EU level framework; underlines that these tax incentive schemes should be designed so as to be economically and socially viable and responsible;
2020/07/17
Committee: ECON
Amendment 117 #

2020/2036(INI)

Motion for a resolution
Paragraph 4
4. Requests the realignment of the treatment of cash and synthetic securitisations, of the treatment of regulatory capital and liquidity with that of covered bonds and loans, as well as with the disclosure and due diligence requirements for covered bonds and simple, transparent and standardised (STS) securitisation;deleted
2020/07/17
Committee: ECON
Amendment 126 #

2020/2036(INI)

5. Calls for targeted measures within securities market legislation to expedite the recovery after the COVID-19 crisis; supports changes inSubject to the priority of safeguarding regulatory standards, favours the review of the Prospectus Regulation, the Markets in Financial Instruments Directive (MIFID), the Securitisation Regulation and the Market Abuse Regulation to facilitate investments in the real economy, in particular in SMEs, and to allow newcomers and new products to enter the markets, preserving consumer protection and market integrity while encouraging cross-border equity investments and trades;
2020/07/17
Committee: ECON
Amendment 162 #

2020/2036(INI)

Motion for a resolution
Paragraph 8
8. Stresses the necessity of advancing further in the implementation of a genuinely Single Rule Book for financial services in the internal market, where priority should be given to the continuing development of common definitions and standards on sustainable finance;
2020/07/17
Committee: ECON
Amendment 170 #

2020/2036(INI)

Motion for a resolution
Paragraph 9
9. Underlines the need to promote pension provision; welcomes the Pan- European Personal Pension (PEPP) product, whose regulation foresees that capital should be invested taking into account environmental, social and governance (ESG) factors; notes that PEPP is as a complementary and voluntary pension pillar with regard to national public pension systems; reminds Member States that PEPPs need to be subject to the same tax treatment as national pension products to become an option for savers;
2020/07/17
Committee: ECON
Amendment 181 #

2020/2036(INI)

Motion for a resolution
Paragraph 10
10. Encourages the Member States to promote multi-pillar pension systems, including occupational pension schemes, as a way to improve market dynamics and the incentives to invest; believes that private pensions should be revitalised and made more attractive; encourages the participation of investors in long-term products with tax reduction or exemption policies designed to generate broader economic and social beneficial impact;
2020/07/17
Committee: ECON
Amendment 195 #

2020/2036(INI)

Motion for a resolution
Paragraph 12
12. Sstresses the need for European and national supervisory authorities to overcome their differences; calls for supervisory convergence to promote a common European model of supervision and seamless enforcement, guided by the European Securities and Mmarket Aauthority (ESMA), and, where appropriate, the EIOPA, to reduce the existing obstacles to cross-border fFinancial operations; understands that convergence had best be attained within a decentralised framework that allows national supervisory authorities to fulfil their functions closer to market players; believes that such convergence had best be attempted as part of the Digital Europe programmes;
2020/07/17
Committee: ECON
Amendment 209 #

2020/2036(INI)

Motion for a resolution
Paragraph 12 a (new)
12a. Calls on the Commission to ensure the proper funding of civil society operators and consumers representatives in the field of financial services, who offer invaluable insight and independent assessment to policy-makers and regulators;
2020/07/17
Committee: ECON
Amendment 221 #

2020/2036(INI)

Motion for a resolution
Paragraph 13 a (new)
13a. Notes the lack of information about the non-debt financing market for SMEs; calls in this regard for better data collection about the non-debt financing tools previously used by the SME population; insists that it could significantly help in assessing and implementing policies in this area;
2020/07/17
Committee: ECON
Amendment 227 #

2020/2036(INI)

Motion for a resolution
Paragraph 14
14. Is concerned that retail investors’ engagement with financial markets remains low; calls for measures to promote retail investments in view of the demographic challenges faced by the EU by increasing the participation of retail investors in capital markets through more attractive and appropriate personal pension products; in particular, welcomes the new uniform set of criteria for EU-wide rules to help crowdfunding services function smoothly and foster cross-border business funding, notably for medium-sized and micro- enterprises;
2020/07/17
Committee: ECON
Amendment 243 #

2020/2036(INI)

Motion for a resolution
Paragraph 16
16. RecCalls the existence of different shortcomingsfor the improvement of the disclosure and comparability of key information in the legislation on packaged retail investment and insurance products (PRIIPs) that should be addressed in the next review; expects that Level 2 PRIIPs legislation on the Key Investor Document to respect level 1, in particular in relation to the performance scenarios; regrets the delays in the adoption of Level 2 PRIIPs legislation that will overlap with the first review of PRIIPs, and which increases legal uncertainty and costs for stakeholders; insists that the forthcoming review should provide for disclosure documents which are standardised and machine readable, thereby providing for comparability in a digital-friendly way;
2020/07/17
Committee: ECON
Amendment 258 #

2020/2036(INI)

Motion for a resolution
Paragraph 18
18. Is of the opinionTakes note of the belief expressed by financial market intermediaries that the current reporting framework within MIFID II and the European Mmarket Iinfrastructure Rregulation (EMIR) is very costly and complex, hindering the effectiveness of the system; believes that a simplification thereof is necessarshould be considered while taking full account of current experience and ensuring that this in no way serves to undermine the aims set for MIFID II and EMIR and without hindering rules on market integrity, transparency, consumer protection and financial stability;
2020/07/17
Committee: ECON
Amendment 271 #

2020/2036(INI)

Motion for a resolution
Paragraph 19
19. Calls for amendments to legislation to ensure access to independent advice by financial intermediaries while avoiding promotion of the institution’s own financial products and ensuring a fair marketing of financial products; agrees that the role of inducements in intermediation and distribution should be further examined to ensure that no conflicts of interest arise and that financial advice is fairly, transparently and adequately supplied to investors;
2020/07/17
Committee: ECON
Amendment 274 #

2020/2036(INI)

19a. Proposes to the Commission to look into the possibility for an EU Individual Savings Accounts, as a complement to national regimes, that could overcome national fragmented markets by operating in a uniform manner and across heterogeneous markets, ensuring portability and security of savings;
2020/07/17
Committee: ECON
Amendment 275 #

2020/2036(INI)

Motion for a resolution
Paragraph 19 b (new)
19b. Insists that retail investors will be an integral part of the sustainable finance agenda and the EU’s sustainable development agenda; calls on the Commission to ensure that the taxonomy label methodology is clear and understood by retail investors;
2020/07/17
Committee: ECON
Amendment 276 #

2020/2036(INI)

Motion for a resolution
Paragraph 19 c (new)
19c. Shares the view of the High-Level Forum that cases of mis-selling and lack of redress for financial services users deter retail investors from engaging with capital markets, and that a key pillar for restoring trust in the financial services industry and empowering consumers is the adoption of an effective system of collective redress in all European countries that covers both direct and indirect individual investors; calls for individual direct investments by retail investors in equity and fixed income instruments to be included in the scope of the Directive on representative actions for the protection of the collective interests of consumers (COM/2018/0184) or (COD/2018/0089) through the inclusion of the relevant legislation, such as the Market Abuse Regulation and the Shareholders Rights Directive in Annex 1;
2020/07/17
Committee: ECON
Amendment 281 #

2020/2036(INI)

Motion for a resolution
Paragraph 20
20. Underlines that financial education is needed to overcome low retail investor engagement with financial markets, based on lack of knowledge, mistrust and risk aversionNotes that lack of financial literacy and access to widespread public information about financial markets is one of the reasons that explain lack of equity culture in the EU; underlines that financial education is needed to overcome low retail investor engagement with financial markets, based on lack of knowledge, mistrust and risk aversion; insists that an information campaign directed to SMEs on the alternative financing instruments at their disposal could significantly help in deepening the CMU; urges the Commission to launch and support public programmes in Member States to foster financial and digital literacy using a range of instruments, including digital and social media, to engage with citizens and businesses, namely through public agencies created for that effect;
2020/07/17
Committee: ECON
Amendment 294 #

2020/2036(INI)

Motion for a resolution
Paragraph 22 a (new)
22a. Calls for the promotion of Employee Share Ownership as a way to encourage citizens’ participation in capital markets and help develop an equity culture; proposes that this could be done through for instance a multilingual EU portal to raise awareness about the scheme and inform about its benefits;
2020/07/17
Committee: ECON
Amendment 304 #

2020/2036(INI)

Motion for a resolution
Paragraph 23
23. Takes the view that the digitalisation of financial services can be a catalyst for the mobilisation of capital in the EU while reducing barriers and increasing supervisory efficiency; emphasises that an EU framework with high standards of cybersecurity would be conducive to the CMU; notes that such EU framework should be primarily fit for the digital age and technology neutral;
2020/07/17
Committee: ECON
Amendment 308 #

2020/2036(INI)

Motion for a resolution
Paragraph 23 a (new)
23a. Calls on the Commission to use the forthcoming reviews of financial services regulations to foster investor and shareholder engagement through digital tools;
2020/07/17
Committee: ECON
Amendment 309 #

2020/2036(INI)

Motion for a resolution
Paragraph 23 b (new)
23b. Stresses that many peer-to-peer lenders are already lending funds to small businesses, making crypto-assets a non- traditional financing channel for SMEs; insists in this regard that clear guidance is needed on the applicability of existing regulatory and prudential processes to crypto-assets which qualify as financial instruments as far as EU legislation is concerned, in order to provide regulatory certainty regarding crypto-assets; stresses that this guidance must be provided consistently at the EU level, to avoid different practices of qualification and supervision by national authorities, which creates an un-level playing field, forum shopping and regulatory arbitrage in the internal market;
2020/07/17
Committee: ECON
Amendment 317 #

2020/2036(INI)

Motion for a resolution
Paragraph 24
24. Highlights that ‘sandboxes’ may be an adequate tool to enhance the innovation and competitiveness of the financial services sector; requests that the Commission createonsiders the creation of a pan-European ‘sandbox’ for fFinancial services; having due regard for both benefits and risks of these tools and the absence of a common EU framework, as analysed by the European Supervisory Authorities;
2020/07/17
Committee: ECON
Amendment 7 #

2020/2003(INI)

Motion for a resolution
Citation 16 a (new)
- having regard to Council Decision (CFSP) 2020/472 of 31 March 2020 on a European Union military operation in the Mediterranean (EUNAVFOR MED IRINI)1a, _________________ 1a OJ L 101, 1.4.2020, p. 4
2020/05/06
Committee: AFET
Amendment 9 #

2020/2003(INI)

Motion for a resolution
Citation 16 b (new)
- having regard the United Nations Security Council Resolution 1970 (2011) imposing the arms embargo in Libya and all its subsequent resolutions, as well as its Resolutions 2292 (2016), 2357 (2017), 2420 (2018) and 2473 (2019) on the strict implementation of the arms embargo,
2020/05/06
Committee: AFET
Amendment 10 #

2020/2003(INI)

Motion for a resolution
Citation 18 a (new)
- having regard the Conclusions of European Council of 16 October 2019 on Turkey, which endorsed the Conclusions of the Foreign Affairs Council of 14 October 2019 on its illegal actions in Northern Syria and Eastern Mediterranean,
2020/05/06
Committee: AFET
Amendment 11 #

2020/2003(INI)

Motion for a resolution
Citation 18 a (new)
- having regard to the UN Sustainable Development Goal 16, aiming at the promotion of peaceful and inclusive societies for sustainable development 14a _________________ 14a https://sustainabledevelopment.un.org/sdg 16
2020/05/06
Committee: AFET
Amendment 19 #

2020/2003(INI)

Motion for a resolution
Recital A a (new)
Aa. whereas Criterion Four of the Decision on Preservation of regional peace, security and stability clearly states as a reason of denying an export licence the possibility this military technology or equipment to be used “to assert by force a territorial claim”, including the existence “of a claim against the territory of a neighbouring country which the recipient has in the past tried or threatened to pursue by means of force”;
2020/05/06
Committee: AFET
Amendment 22 #

2020/2003(INI)

Motion for a resolution
Recital A a (new)
Aa. whereas a new arms race in the world is growing and the major military powers no longer rely on arms control and disarmament to reduce international tensions and improve the global security environment;
2020/05/06
Committee: AFET
Amendment 27 #

2020/2003(INI)

Motion for a resolution
Recital A b (new)
Ab. whereas in an increasingly unstable multipolar world, where nationalist, xenophobic and anti- democratic forces are on the rise, it is vital for the European Union to become an influential player on the world stage and to keep its leading role as a global “soft power” committed to the disarmament of conventional and nuclear weapons, investing in conflict prevention, crisis management and mediation before military options are considered;
2020/05/06
Committee: AFET
Amendment 33 #

2020/2003(INI)

Motion for a resolution
Recital A c (new)
Ac. whereas arms policy is not a tool of economic policy but a matter of security and foreign policy, which must be closely linked to a stronger commitment to international disarmament and the defence of human rights; armaments are not a normal commercial product that can be exported on economic grounds;
2020/05/06
Committee: AFET
Amendment 36 #

2020/2003(INI)

Motion for a resolution
Recital A d (new)
Ad. whereas military transparency measures such as reporting on arms export contributes to cross-border trust- building;
2020/05/06
Committee: AFET
Amendment 65 #

2020/2003(INI)

Motion for a resolution
Paragraph 3
3. Deplores the fact that Member States use very different information in order to generate data on the value of licences, which renders the annual report considerably less consistent and usable as a comparative data set and serves to diminish its transparency and accountability before citizens and parliaments; urges France, in particular, to refrain from submitting data on the value of licences at pre-contract stage and broad values for global licences, which undermines the comparability of the report;
2020/05/06
Committee: AFET
Amendment 86 #

2020/2003(INI)

Motion for a resolution
Paragraph 5 b (new)
5b. Condemns the increasing arms race in the world and calls on the world major military powers, largest producers and exporters of weapons to foster dialogue, multilateralism and disarmament of conventional and nuclear weapons;
2020/05/06
Committee: AFET
Amendment 88 #

2020/2003(INI)

Motion for a resolution
Paragraph 5 c (new)
5c. Recalls the EU ambition to be a global actor for peace; therefore calls for the EU to play an active role in the areas of non-proliferation of arms and global disarmament, thus striving for the maintenance of international peace and security and respect for international humanitarian and human rights law;
2020/05/06
Committee: AFET
Amendment 127 #

2020/2003(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Stresses that the ambition to increase the competitiveness of the European defence sector must not undermine the application of the Common Position’s eight criteria as they take precedence over any economic social, commercial or industrial interests of Member States;
2020/05/06
Committee: AFET
Amendment 128 #

2020/2003(INI)

Motion for a resolution
Paragraph 10 b (new)
10b. Emphasises that arms exports must not be carried out for economic reasons but for foreign and security policy objectives. Respect for human rights, good governance and the prohibition on supplying arms to conflict regions are essential in the case of granting export licences. Arms exports have to be assessed against the sustainable development of a country;
2020/05/06
Committee: AFET
Amendment 141 #

2020/2003(INI)

Motion for a resolution
Paragraph 12 a (new)
12a. Welcomes the EU activities aiming at supporting the universalisation of the Arms Trade Treaty(ATT), in particular the assistance to third countries in improving and implementing effective arms control systems in line with the Common Position; calls the major arms exporting countries, such as the USA, China and Russia, to sign and ratify the Treaty;
2020/05/06
Committee: AFET
Amendment 185 #

2020/2003(INI)

Motion for a resolution
Paragraph 17
17. Notes that under the EPF, Member States and the European External Action Service (EEAS) will work on creating an EU-level system for arms transfers to third countries; asks for a detailed list of equipment transferred to third countries under the Facility to be published;
2020/05/06
Committee: AFET
Amendment 216 #

2020/2003(INI)

Motion for a resolution
Paragraph 19 – point a
a) to add the following additional categories in a revised reporting template in order to implement the recent September 2019 Council conclusions: the exact type of weapon and the quantity exported, denomination of the munitions, the lot size and the specific end-user, revoked licences, and the value and duration of contracts regarding post-delivery services such as training and maintenance; to align the EU definition of small arms with the broader UN definition so that, for example, pistols and sniper rifles are also included in this category;
2020/05/06
Committee: AFET
Amendment 222 #

2020/2003(INI)

Motion for a resolution
Paragraph 19 – point c
c) to clarify definitions such as licensed value and actual exports so as to facilitate the comparability of data between Member States; Licences for production in third countries should no longer be granted if this would allow the eight criteria of the Common Position or other EU arms export directives to be circumvented;
2020/05/06
Committee: AFET
Amendment 225 #

2020/2003(INI)

Motion for a resolution
Paragraph 19 – point c a (new)
c a) to extend the post-shipment controls to all arms exports, including large military equipment; Member States are to submit a regular post-shipment report;
2020/05/06
Committee: AFET
Amendment 248 #

2020/2003(INI)

Motion for a resolution
Paragraph 21 – point b
b) to follow the example of the UK in this regard by publishing risk assessments in the annual reports; and to publish all final arms export licences on the Internet; the validity of export licences should be limited to two years in order to be able to react to changing political situations;
2020/05/06
Committee: AFET
Amendment 253 #

2020/2003(INI)

Motion for a resolution
Paragraph 21 – point c
c) to undertake a joint assessment of country situations or potential export recipients in the light of the principles and criteria of the Common Position within the framework of the CFSP and in consultation with external stakeholders, including Parliament; to regularly update list of third countries complying with the criteria as led down in the Common Position;
2020/05/06
Committee: AFET
Amendment 260 #

2020/2003(INI)

Motion for a resolution
Paragraph 22
22. Believes that the EU institutions should organise peer reviews with a view to encouraging authorities to share best practices on the collection and processing of data, fostering a better understanding of different national approaches, identifying differences as regards the interpretation of the eight criteria, and discussing ways to improve harmonisation and consistency;
2020/05/06
Committee: AFET
Amendment 266 #

2020/2003(INI)

Motion for a resolution
Paragraph 23
23. Strongly believes that a more consistent implementation of the EU Common Position is essential for the EU credibility as a value-based global actor and that much higher level of convergence as regards the strict application of the criteria will strengthen human rights, international law and the CFSP, and bolster the EU’s strategic security interests and strategic autonomy;
2020/05/06
Committee: AFET
Amendment 270 #

2020/2003(INI)

Motion for a resolution
Paragraph 23 a (new)
23a. Notes with great concern that some Member States continues to export military equipment to Turkey despite the illegal actions of the latter; Recalls Turkeys violations of Greek airspace and territorial waters, the casus belli threat declared by the Grand National Assembly of Turkey in 1995 against Greece which has not yet been withdrawn and it is repeated occasionally by Turkish Officials, and its illegal drilling actions inside the Exclusive Economic Zone/continental self of the Republic of Cyprus which constitute clear violations of criteria 4 and 5 of the Common Position; Calls on all Member States to halt all transfers and sales of military technology and equipment, weapons, surveillance and intelligence equipment and material to Turkey until it complies with the International law and the criteria set out in the Common Position;
2020/05/06
Committee: AFET
Amendment 276 #

2020/2003(INI)

Motion for a resolution
Paragraph 24
24. Stresses that effective end-use controls are crucial for a responsible export policy and for lowering the risk of diversion in particular; calls on the Council, the Member States, the EEAS and the Commission to set up a large-scale training and capacity-building programme for national and EU officials on arms export controls; stresses the need to use EU funding to ensure that sufficient staff resources are available at national and EU levels and at delegations and embassies in importing countries for the purposes of implementing viable end-use controlrisk assessments, end-use controls and post-shipment verifications; calls on the EEAS and COARM to report on iTrace any identified diversion of EU- origin goods as part of the annual report;
2020/05/06
Committee: AFET
Amendment 284 #

2020/2003(INI)

Motion for a resolution
Paragraph 25
25. Believes that the increasing Europeanisation of arms production, the recent Council conclusions on convergence in arms exports and the establishment of the EPF should be complemented by a mechanism for EU-level monitoring and control based on strict compliance with the eight criteria; calls on steps to be taken for the setting-up of an EU mechanism of sanctions for Member States infringing the Common Position;
2020/05/06
Committee: AFET
Amendment 290 #

2020/2003(INI)

Motion for a resolution
Paragraph 25 a (new)
25a. Believes that “pooling and sharing” and more cooperation in arms policy and procurement policy are only possible if strict export controls, mutual information and regular parliamentary scrutiny, as well as strong sanction mechanisms in the event of non- compliance with common rules, are binding. Further demands that the European Parliament - alongside the national parliaments - be able to guarantee parliamentary control over the EU’s common security and defence policy and its budget;
2020/05/06
Committee: AFET
Amendment 291 #

2020/2003(INI)

Motion for a resolution
Paragraph 25 a (new)
25a. Welcomes the adoption of Council’s Decision to launch Operation EUNAVFOR MED IRINI aiming in the strict implementation of the UN arms embargo through the use of aerial, satellite and maritime assets by carrying out inspections of vessels on the high seas off the coast of Libya suspected to be carrying arms or related material to and from Libya in accordance with United Nations Security Council Resolutions 2292 (2016), 2357(2017), 2420(2018) and 2473 (2019);
2020/05/06
Committee: AFET
Amendment 294 #

2020/2003(INI)

Motion for a resolution
Paragraph 25 b (new)
25b. Strongly condemns the signature of the two Memorandums of Understanding between Turkey and Libya on the delimitation of maritime zones and on comprehensive security and military cooperation which are interconnected and in clear violation of International Law and the UN Security Council Resolution imposing the arms embargo in Libya; Calls therefore all Member States to halt all transfers and sales of weapons, military technology and equipment, surveillance and intelligence equipment and material to Turkey due to his active involvement in the Libyan conflict, namely the transfer of arms and fighters to Libya;
2020/05/06
Committee: AFET
Amendment 298 #

2020/2003(INI)

Motion for a resolution
Paragraph 26
26. Considers that regular consultations with the European Parliament, national parliaments, arms export control authorities, industry associations and civil society are central to meaningful transparency; calls on national parliaments to exchange best reporting and oversight practices in order to enhance the scrutinising role of all national parliaments in the decisions on arms control exports; calls on COARM to enhance dialogue with civil society and consultations with Parliament and arms export control authorities; encourages civil society and academia to exercise independent scrutiny of the arms trade and calls on the Member States and the EEAS to support such activities, including by financial means;
2020/05/06
Committee: AFET
Amendment 3 #

2020/1998(BUD)

Draft opinion
Paragraph 2
2. Regrets that the new nomenclature for the external action part as proposed by the Commission is much less detailed than the previous one, reducing transparency, predictability, accountability, scrutiny, and limiting the budgetary authority’s capacity to make budgetary choices reflecting political priorities; insists, therefore, that a more differentiated budget structure, with dedicated lines for the most important beneficiaries and sub- regions, is needed; notes that the Committee on Foreign Affairs and the Committee on Development have proposed a revised nomenclature that is adapted to the new instruments, but introduces a higher level of detail by creating new budget lines within the extremely broad geographic and thematic lines proposed by the Commission; emphasises that the revised nomenclature enjoys strong support in both committees;
2020/09/23
Committee: AFET
Amendment 19 #

2020/1998(BUD)

Draft opinion
Paragraph 4 a (new)
4a. Rejects the introduction of an “emerging challenges and priorities cushion” budget line, with no substantial information on the intended use of the funds under this line provided by the Commission; insists that such a blank cheque is not compatible with the principles of transparency and democratic accountability and undermines the budgetary authority's prerogatives;
2020/09/23
Committee: AFET
Amendment 30 #

2020/1998(BUD)

Draft opinion
Paragraph 5 a (new)
5a. Believes that it is important to continue confidence building with the Eastern Partnership countries and especially with the associated ones; underlines the importance of promoting fundamental rights, democracy and the rule of law; therefore calls for the allocations to Azerbaijan and Belarus to be limited to support to civil society and non-state actors, as well as people-to- people contacts;
2020/09/23
Committee: AFET
Amendment 36 #

2020/1998(BUD)

Draft opinion
Paragraph 5 b (new)
5b. Recalls the challenges the countries of South Neighbourhood are facing especially due to the tumultuous developments in the region, including but not limited to the COVID-19 emergency and the security environment; is of the opinion that, especially following the dramatic events in Lebanon, an increased support should be foreseen;
2020/09/23
Committee: AFET
Amendment 38 #

2020/1998(BUD)

Draft opinion
Paragraph 5 c (new)
5c. In order to support a peaceful resolution to the Libyan conflict proposes the creation of a dedicated budget line for "the support to the political process in Libya";
2020/09/23
Committee: AFET
Amendment 39 #

2020/1998(BUD)

Draft opinion
Paragraph 5 d (new)
5d. Calls for an increased financial support for the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), in recognition of the essential role played by UNRWA as unique provider of vital services for millions of Palestine refugees and as an investment towards security, stability and development in the region;
2020/09/23
Committee: AFET
Amendment 45 #

2020/1998(BUD)

Draft opinion
Paragraph 6 a (new)
6a. Points out that the revised nomenclature proposed by the Committee on Foreign Affairs envisages separate budget lines for the Western Balkans and Turkey; insists on the need for dedicated budget lines for Turkey in view of the highly sensitive nature of EU funding for Turkey; underlines that due to the lack of progress on democracy, the rule of law and the protection of human rights, the allocations for Turkey should be limited to the so called fundamentals, be directly managed by the EU and focus exclusively on support for civil society and people-to- people contacts with the objective of protecting and promoting democratic values and principles, human rights and the rule of law;
2020/09/23
Committee: AFET
Amendment 46 #

2020/1998(BUD)

Draft opinion
Paragraph 6 a (new)
6a. Underlines that the allocation of EU funding should be conditional on the respect of rule of law, democracy, human rights, European and international law, the sovereign rights of Member States and the principle of good relations between neighbours; underlines that in Turkey, an EU candidate country, there are serious violations of the rule of law, human rights and democracy as well as an aggressive behaviour towards the EU, disrespecting European and international law, the sovereign rights of Member States and the principle of good relations between neighbours;
2020/09/23
Committee: AFET
Amendment 54 #

2020/1998(BUD)

Draft opinion
Paragraph 6 b (new)
6b. Regrets the low level of funding for heading 5, and in particular for the European Defence Fund and for military mobility; calls for a significant increase of funding so as to meet the ambition of the EU in the defence area;
2020/09/23
Committee: AFET
Amendment 57 #

2020/1998(BUD)

Draft opinion
Paragraph 6 c (new)
6c. Following the recent worrying developments in Belarus, calls for an increase in the allocations for the Special Representatives and for the creation of a new Special Representative for Belarus, to support the process for a peaceful transition of power in accordance with the will of the Belarusian people.;
2020/09/23
Committee: AFET
Amendment 61 #

2020/1998(BUD)

Draft opinion
Paragraph 6 d (new)
6d. Calls for the increase of budget lines on Foreign Policy Needs and Priorities, Crisis Response and Civilian CSDP emergency measures in order to deal with the dramatic effects of the COVID-19 pandemic;
2020/09/23
Committee: AFET
Amendment 62 #

2020/1998(BUD)

Draft opinion
Paragraph 6 e (new)
6e. Recalls that the respect of human rights worldwide continues to be a core business for EU external action and enough financing should be available to face the multiple human rights crises throughout the world; reiterates its strong support to human rights defenders, including environmental defenders, in particular those most at risk, and calls for adequate funds to support the project Protect Defenders EU in order to extend and reinforce its protection;
2020/09/23
Committee: AFET
Amendment 251 #

2020/0266(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point n
(n) insurance intermediaries, reinsurance intermediaries and ancillary insurance intermediaries,deleted
2021/06/01
Committee: ECON
Amendment 126 #

2020/0104(COD)

Proposal for a regulation
Recital 3
(3) At Union level, the European Semester of economicsustainable policy coordination (‘European Semester’), including the principles of the European Pillar of Social Rights, isthe framework to facilitate the implementation of the European Green Deal, including the principles of the European Pillar of Social Rights, the Sustainable Development Goals, the National Climate Energy Plans adopted in the frame of the Governance of the Energy Union, and the just transition plans, are the frameworks to identify national reform priorities and monitor their implementation. Member States develop their own national multiannual investment strategies in support of those reformAs part of the goals of the European Semester, structural reforms based on solidarity, integration and social justice are also addressed, with the aim of creating quality employment and growth, ensuring equality of and access to opportunity and social protection, protecting vulnerable groups and improving the living standards of all Member States develop their own national multiannual investment strategies in support of those reforms while fully taking into account the contribution of macro economic policies to the delivery of Sustainable Development Goals. Those strategies should be presented alongside the yearly National Reform Programmes as a way to outline and coordinate priority investment projects to be supported by national and/or Union funding. as a way to outline and coordinate priority investment projects to be supported by national and/or Union funding.
2020/09/22
Committee: BUDGECON
Amendment 136 #

2020/0104(COD)

Proposal for a regulation
Recital 4
(4) The outbreak of the COVID-19 pandemic in early 2020 changed the economic and budgetary outlook for the years to come in the Union and in the world, calling for an urgent and coordinated response from the Union in order to cope with the enormous economic and social consequences for all Member States and very differentiated territorial impact within Member States. The challenges linked to the demographic context have been amplified by COVID- 19. The current COVID-19 pandemic as well as the previous economic and financial crisis have shown that developing sound and resilient economies and financial and social welfare systems built on strong economic and social structures helps Member States to respond more efficiently to shocks and recover more swiftly from them. The medium and long- term consequences of the COVID-19 crisis will critically depend on how quickly Member States’ economies and societies will recover from the crisis, which in turn depends on the fiscal spacemeasures that Member States have available to take measures to mitigate the social and economic impact of the crisis, and on the resilience of their economies and social structures. Reforms and investments to address structural weaknesses of the economies and strengthen their resiliencesocial and economic resilience, understood as the ability to tackle economic shock and achieve long term structural changes in a fair and inclusive way to strengthen quality of life and wellbeing for all, will therefore be essential to set the economies back on a sustainable recovery path and avoid further widening ofreduce the divergences in the Union. (This amendment replaces “resilience” by “social and economic resilience” throughout the whole text.)
2020/09/22
Committee: BUDGECON
Amendment 155 #

2020/0104(COD)

Proposal for a regulation
Recital 5
(5) The implementation of reforms and investments contributing to achievebuild a high degree of resilience of deconomiestic economies, strengthening adjustment capacity and unlocking growth potential are among the Union’s policy priorities and societies and social progress, strengthening social structures and adjustment capacity and enhancing sustainable and inclusive growth potential are among the Union’s policy priorities and notably Article 3(3) of the Treaty on the European Union. Article 3(1) of the Treaty of the European Union underlines that the “well-being” of EU’s people is the aim of the EU. All reforms and investments supported by the Recovery and Resilience Facility should aim at improving in the short, medium and long term people’s quality of life. They are therefore crucial to set the recovery on a sustainable path and support the process of upward economic and social convergence. This is even more necessary in the aftermath of the pandemic crisis to pave the way for a swift recovery.
2020/09/22
Committee: BUDGECON
Amendment 179 #

2020/0104(COD)

Proposal for a regulation
Recital 6
(6) Past experiences have shown that investment is often drastically cut during crises. However, it is essential to support investment in this particular situation to speed up the recovery and strengthen long- term sustainable growth potential. Investing in green and digital technologies, capacities and processes aimed at assisting clean energy for the benefit of an improved quality of life for all. Such investments will also make the EU less dependent by diversifying key supply chains. Investing in green transition, digital transiformation, boosting energy efficiency in housing and other key sectors of the economeconomic, social and territorial cohesion, institutional resilience and measures towards the next generation of Europeans are policy arections important to achieve sustainable growth and help create jobs. It will also help make the Union more resilient and less dependent by diversifying key supply chainsthe common objectives of EU and its Member States and make the Union more resilient.
2020/09/22
Committee: BUDGECON
Amendment 192 #

2020/0104(COD)

Proposal for a regulation
Recital 6 a (new)
(6a) As underlined in the 2020 Strategic Foresight report adopted by the Commission on 9 September 2020, resilience refers to the ability not only to withstand and cope with challenges but also to transform societies in a sustainable, fair and democratic manner. The Recovery and Resilience Facility should aim at strengthening the resilience of the EU as a whole and all its Members States towards a sustainable well-being for all.
2020/09/22
Committee: BUDGECON
Amendment 194 #

2020/0104(COD)

Proposal for a regulation
Recital 6 b (new)
(6b) Each measures in the Recovery and Resilience Plans may contribute to more than one of the pillars identified in Article 3.
2020/09/22
Committee: BUDGECON
Amendment 202 #

2020/0104(COD)

Proposal for a regulation
Recital 7
(7) Currently, no instrument foresees direct financial support linked to the achievement of results and to implementation of reforms and public investments of the Member States in response to challenges identified in the European Semester,and objectives of the EU and its Member States and with a view to having a lasting impact on the productivitrecovery and resilience of the economy of thesocial structures in all Member States.
2020/09/22
Committee: BUDGECON
Amendment 208 #

2020/0104(COD)

Proposal for a regulation
Recital 8
(8) Against this background, it is necessary to strengthen the current framework for the provision of support to Member States and provide direct financial support to Member States through an innovative tool. To that end, a Recovery and Resilience Facility (the ‘Facility’) should be established under this Regulation to provide effective financial and significant support to step up the implementation of reforms and related public investments in the Member States. The Facility should be comprehensive and should also benefit from the experience gained by the Commission and the Member States from the use of the other instruments and programmes. To that end, a Recovery and Resilience Facility should be established under this Regulation to provide effective financial and significant support to step up the implementation of reforms and related public investments in the Member States. This may also include measures to incentivize private investment through support schemes, including via financial instruments, subsidies, or similar schemes, provided that State Aid rules are complied with.
2020/09/22
Committee: BUDGECON
Amendment 243 #

2020/0104(COD)

Proposal for a regulation
Recital 11
(11) Reflecting the European Green Deal as Europe’s sustainable growth strategy and the translation of the Union's commitments to implement the Paris Agreement and the United Nations’ Sustainable Development Goals, the Facility established by this Regulation will contribute to mainstreaming climate actions and environmental sustainability and to the achievement of an overall target of 25 40% of the EU budget expenditures supporting climate objectives, while protecting and empowering workers that may suffer from the consequence of productive transformations, in particular by implementing the European Pillar of Social Rights and defending the principle of collective bargaining. The Facility should only finance projects respecting the “do no significant harm” principle accordance with Regulation (EU)2019/2088.
2020/09/22
Committee: BUDGECON
Amendment 258 #

2020/0104(COD)

Proposal for a regulation
Recital 11 a (new)
(11a) Additional attention should be given to the specificities of islands, insular areas as well as the outermost regions where the geographical and socio- economic characteristics may require a different approach to support the transition process towards climate- neutrality and taking into account the starting position of each Member State.
2020/09/22
Committee: BUDGECON
Amendment 261 #

2020/0104(COD)

Proposal for a regulation
Recital 11 b (new)
(11b) Reflecting on the European Pillar of Social Rights as Europe’s social strategy to make sure that the transitions of climate-neutrality, digitalisation and demographic change, as well as the recovery from the COVID-19 pandemic, are socially fair and just, the Facility established by this regulation will contribute to the implementation of its 20 principles and to the achievement of social progress targets and milestones.
2020/09/22
Committee: BUDGECON
Amendment 262 #

2020/0104(COD)

Proposal for a regulation
Recital 11 c (new)
(11c) At least 30% of the recovery and resilience plans should be dedicated to investments related to the implementation of the European Pillar of Social Rights' objectives. None of the reforms and investments supported by the Recovery and Resilience Facility should be in contradiction to the implementation of the European Pillar of Social rights.
2020/09/22
Committee: BUDGECON
Amendment 263 #

2020/0104(COD)

Proposal for a regulation
Recital 11 d (new)
(11d) At least 2% of the Recovery and Resilience Plans should contribute to the recovery of the cultural and creative sectors according to their specific needs.
2020/09/22
Committee: BUDGECON
Amendment 267 #

2020/0104(COD)

Proposal for a regulation
Recital 12
(12) In order to implement these overall objectives, relevant actions will be identified during the Facility’s preparation and implementation, and reassessed in the context of the relevant evaluations and review processes. Also, dDue attention should be paid to the impact of the national plans submitted under this Regulation on fostering not only the green transition, but also the digital transformation. They will boththe digital transformation and fostering social and territorial cohesion by taking into account progresses made under the social scoreboard and other relevant indicators of upward convergence in the social field. All of these objectives must be considered on equal footing and will play a priority role in relaunching and modernising our economy.
2020/09/22
Committee: BUDGECON
Amendment 273 #

2020/0104(COD)

Proposal for a regulation
Recital 12
(12) In order to implement these overall objectives, relevant actions will be identified during the Facility’s preparation and implementation, and reassessed in the context of the relevant evaluations and review processes. Also, due attention should be paid to the impact of the national plans submitted under this Regulation on fostering not only the green transition, but also the digital transformation and the response to the demographic challenges. They will both play a priority role in relaunching and modernising our economy.
2020/09/22
Committee: BUDGECON
Amendment 281 #

2020/0104(COD)

Proposal for a regulation
Recital 13
(13) In order to enable measures to be taken that link the Facility to sound economic governance, with a view to ensuring uniform implementing conditions, the power should be conferred on the Council to suspend, on a proposal from the Commission and by means of implementing acts, the period of time for the adoption of decisions on proposals for recovery and resilience plans and to suspend payments under this Facility, in the event of significant non-compliance in relation to the relevant cases related to the economic governance process laid down in the Regulation (EU) No XXX/XX of the European Parliament and of the Council [CPR] (…). The power to lift those suspensions by means of implementing acts, on a proposal from the Commission, should also be conferred on the Council in relation to the same relevant cases.deleted
2020/09/22
Committee: BUDGECON
Amendment 294 #

2020/0104(COD)

Proposal for a regulation
Recital 13 a (new)
(13a) In order to facilitate the implementation of the policy priorities and enable the recovery to its full capacity, the economic governance framework and the European Semester process needs to be adapted to respond to the vulnerabilities exposed by the current crisis and to prepare for future challenges. Taking into account the initiatives launched by the Commission in 2019 and 2020, the new framework needs to effectively address macroeconomic and socio-economic inequalities, ensure democratic accountability of economic governance-decision-making, and enable the implementation of the Green Deal as the Union’s new growth strategy, for making the EU’s economy sustainable and making the transition just and inclusive for all, and seize the new opportunities of the digital age.
2020/09/22
Committee: BUDGECON
Amendment 295 #

2020/0104(COD)

Proposal for a regulation
Recital 13 a (new)
(13a) In order to facilitate the implementation of the policy priorities and enable the recovery to its full capacity, the economic governance framework needs to be adapted to respond to the vulnerabilities exposed by the current crisis and to prepare for future challenges. The new framework needs to effectively address macroeconomic and socio-economic inequalities, ensure democratic accountability of economic governance-decision-making, and enable the implementation of the Green Deal as the Union’s new growth strategy, for making the EU’s economy sustainable and making the transition just and inclusive for all, and seize the new opportunities of the digital age.
2020/09/22
Committee: BUDGECON
Amendment 299 #

2020/0104(COD)

Proposal for a regulation
Recital 13 b (new)
(13b) The European Semester as the framework for policy coordination under a common surveillance cycle, shall be refocused to a framework that coordinates sustainable development policies, and that would enable the coordination of the recovery measures, framed by the principles of the European Green Deal, the European Pillar of Social Rights and the UN SDGs. A better ownership of the European semester process by a stronger involvement of all relevant stakeholders at national level shall be sought as a matter of priority. To that end, the Stability and Growth Pact shall be revised and adapted to a sustainable development pact that facilitates the implementation of the recovery needs and the investment needed for the EU’s policies priorities.
2020/09/22
Committee: BUDGECON
Amendment 308 #

2020/0104(COD)

Proposal for a regulation
Recital 14
(14) The Facility’s general objective should be the promotion of economic, social and territorial cohesion. For that purpose, it should contribute to improving the resilience and adjustment capacity of the Member States, mitigating the social and economic impact of the crisis, and supporting the green and digital transitions aimed at achieving a climate neutral Europe by 2050, thereby restoring the growth potential of the economies of the Union in the aftermath of the crisis, fostering employment creation and to promoting sustainable growth. Restoring growth potential will be also pursued through measures to address the difficult demographic situation of different Member States, that hampers long-term growth, due to shrinking workforce.
2020/09/22
Committee: BUDGECON
Amendment 336 #

2020/0104(COD)

Proposal for a regulation
Recital 16
(16) To ensure its contribution to the objectives of the Facility, the recovery and resilience plan should comprise measures for the implementation of reforms and public investment projects through a coherent, relevant, effective and efficient recovery and resilience plan. The recovery and resilience plan should be consistent with the relevant country- specificUnion’s long-term policy priorities, challenges and priorities identified, in the context of the European Semester, withe European Pillar of Social Rights and the Sustainable Development Goals, the national reform programmes, the national energy and climate plans, the just transition plans, and the partnership agreements and, operational programmes adopted under the Union funds and/or in actions related to the implementation of Union law and policies. To boost actions that fall within the priorities of the European Green Deal and the Digital Agenda, the plan should also set out measures that are relevant for the green and digital transitions. The measures should enable a swift deliver of targets, objec, the Digital Agenda, the Industrial and SME strategies, the European Skills Agenda, the Child Guarantee and the Youth Guarantee, the plan should also set out coherent, complementary, coordinated measures that are relevant under the six policy areas identified in this Regulation All supported activities should be pursued in full respect of the climate and environmental priorities of the Union. At least 40 % of the recovery and resilience plans should be dedicated to mainstreaming climate and biodiversity actions and environmental sustainability objectives. The recovery and resilience plans should be consistent with the EU Gender Equality Strategy 2020-2025, and specifically address inequalities, including targets and indicators on how to achieve social progress. (1. The words "challenges and prioritives and contributions set out in national energy and climate plans and updates thereof. All supported activities should be pursued in full respect of the climate and environmental priorities of the Union.identified in the context of the European Semester, the European Pillar of Social Rights and the Sustainable Development Goals, the national reform programmes, the national energy and climate plans, the just transition plans, and the partnership agreements, operational programmes adopted under the Union funds and/or actions related to the implementation of Union law and policies." applies throughout the whole text. 2. The words "At least 40 % of the recovery and resilience plans should be dedicated to mainstreaming climate and biodiversity actions and environmental sustainability objectives" applies throughout the text.)
2020/09/22
Committee: BUDGECON
Amendment 353 #

2020/0104(COD)

Proposal for a regulation
Recital 16
(16) To ensure its contribution to the objectives of the Facility, the annual recovery and resilience plans should comprise measures for the implementation of reforms and public investment projects through a coherent recovery and resilience plan. Thestrategy. The annual recovery and resilience plans should be consistent with the relevant country- specific challenges and priorities identified in the context of the European Semester, with the national reform programmes, the national energy and climate plans, the just transition plans, and the partnership agreements and operational programmes adopted under the Union funds. To boost actions that fall within the priorities of the European Green Deal and the Digital Agenda, the plan should also set out measures that are relevant for the green and digital transitions. The measures should enable a swift deliver of targets, objectives and contributions set out in national energy and climate plans and updates thereof. All supported activities should be pursued in full respect of the climate and environmental priorities of the Union.
2020/09/22
Committee: BUDGECON
Amendment 357 #

2020/0104(COD)

Proposal for a regulation
Recital 16 a (new)
(16a) By means of an delegated act and based on Regulation (EU) 2020/852 and respecting the "do no significant harm" principle in accordance with Regulation (EU) 2019/2088, the Commission shall adopt climate and biodiversity assessment guidelines to help Member States to ensure that any measures in the recovery and resilience plan cause no harm to biodiversity and climate and to environmental sustainability.
2020/09/22
Committee: BUDGECON
Amendment 360 #

2020/0104(COD)

Proposal for a regulation
Recital 16 b (new)
(16b) By means of an delegated act and based on Regulation (EU) 2020/852 and respecting the "do no significant harm" principle in accordance with Regulation (EU) 2019/2088, the Commission shall adopt a tracking methodology to mainstreaming climate and biodiversity actions and environmental sustainability objectives to help the Member States to design, implement and track the contribution of the recovery and resilience plans to climate and biodiversity objectives of the EU and the respective Member State.
2020/09/22
Committee: BUDGECON
Amendment 362 #

2020/0104(COD)

Proposal for a regulation
Recital 16 c (new)
(16c) By means of an delegated act and based on the EU Gender Equality Strategy 2020-2025, the Commission shall adopt a tracking methodology to mainstreaming gender actions and objectives to help the Member States to design, implement and track the contribution of the recovery and resilience plans to gender objectives of the EU and the respective Member State.
2020/09/22
Committee: BUDGECON
Amendment 364 #

2020/0104(COD)

Proposal for a regulation
Recital 16 d (new)
(16d) Member States should ensure that local and regional authorities, social partners, civil society organisations and other relevant stakeholders are consulted when drafting the recovery and resilience plans. In order to improve consistency and relevance of the recovery and resilience plans, local and regional authorities, social partners, civil society organisations and other relevant stakeholders should be given the possibility to provide their inputs at early stage before the recovery and resilience plans are officially submitted to the EU. Local and regional authorities, social partners, civil society organisations and other relevant stakeholders are consulted preferably not later than three months before the official submission of the draft recovery and resilience plan by the Member State. Local and regional authorities, social partners, civil society organisations and other relevant stakeholders are consulted according to national rules and practices. The recovery and resilience plans shall explain how the inputs of local and regional authorities, social partners, civil society organisations and other relevant stakeholders were taken into account and, if the stakeholders wish so, their opinions will be attached to the National Reform Programmes or, when appropriate, to the national recovery and resilience plans.
2020/09/22
Committee: BUDGECON
Amendment 376 #

2020/0104(COD)

Proposal for a regulation
Recital 18
(18) To inform the preparation and the implementation of the recovery and resilience plans by Member States, the Council and the Parliament should be able to discuss, within the European Semester, the state of recovery, resilience and adjustment capacity in the Union. To ensure appropriate evidence, this discussion should be based on the Commission’s strategic and analytical information available in the context of the European Semester and, if available, on the basis of the information on the implementation of the plans in the preceding years.
2020/09/22
Committee: BUDGECON
Amendment 380 #

2020/0104(COD)

Proposal for a regulation
Recital 19
(19) In order to ensure a meaningful financial contribution commensurate to the actual needs of Member States to undertake and complete the reforms and investments included in the recovery and resilience plan, it is appropriate to establish a maximum financial contribution available to them under the Facility as far as the financial support (i.e. the non- repayable financial support) is concerned. TDuring 2021 and 2022, that maximum contribution should be calculated on the basis of the population, the inverse of the per capita Gross Domestic Product (GDP) and the relative unemployment rate of each Member State for the years 2015-2019. During 2023 and 2024 that maximum financial contribution should be calculated on the basis of the population, the inverse GDP, the relative unemployment rate of each Member State for the years 2015-2019 and the cumulative loss in real GDP observed over the period 2020-2021 compared to 2019.
2020/09/22
Committee: BUDGECON
Amendment 388 #

2020/0104(COD)

Proposal for a regulation
Recital 19
(19) In order to ensure a meaningful financial contribution commensurate to the actual needs of Member States to undertake and complete the reforms and investments included in the annual recovery and resilience plan, it is appropriate to establish a maximum financial contribution available to them under the Facility as far as the financial support (i.e. the non- repayable financial support) is concerned. That maximum contribution should be calculated on the basis of the population, the inverse of the per capita Gross Domestic Product (GDP) and the relative unemployment rate of each Member State.
2020/09/22
Committee: BUDGECON
Amendment 394 #

2020/0104(COD)

Proposal for a regulation
Recital 20
(20) It is necessary to establish a process for the submission of annual proposals for recovery and resilience plans by the Member States, and the content thereof. With a view to ensuring the expediency of procedures, a Member State should submit athe annual recovery and resilience plan at the latest by 30 April, in the form of a separate annex of the National Reform Programme. To ensure a fast implementation, Member States should be able to submit a drafttheir first draft annual plan together with the draft budget of the forthcoming year, on 15 October of the preceding yearby 15October 2020, and the final annual recovery and resilience plan no later than 28 February 2021.
2020/09/22
Committee: BUDGECON
Amendment 399 #

2020/0104(COD)

Proposal for a regulation
Recital 21
(21) In order to ensure the national ownership and a focus on relevant reforms and investments, Member States wishing to receive support should submit to the Commission a recovery and resilience plan that is duly reasoned and substantiated. The recovery and resilience plan should set out the detailed set of measures for its implementation, including targets and milestones, and the expected impact of the recovery and resilience plan on growth potential, job creation and economic and social resilience; it should also includeplan should be drawn up based on a multilevel dialogue and partnership with local and regional authorities, social partners, civil society organisations and other relevant stakeholders in order to ensure ownership of the plans. The recovery and resilience plan should set out the detailed set of measures for its implementation, including targets and milestones, and the expected impact of the recovery and resilience plan on the six areas identified in this Regulation; it should outline the extent of the consultation carried out with the stakeholders before submission of the plan, as well as targets and milestones specifically focused on inequality and social progress indicators to achieve, and measures that are relevant for the green and the digital transitions; it should also include an explanation of the consistency ofway the proposed recovery and resilience plan with the relevis consistent with challenges, objectives antd country-specific challenges and prioritimmitments of the EU and its Member States identified in the context of the European Semester, the principles of the European Pillar of Social Rights and the Sustainable Development Goals, the national reform programmes, the national energy and climate plans, the just transition plans, and the partnership agreements, operational programmes adopted under the Union funds and/or in actions related to the implementation of Union law and policies. Close cooperation between the Commission and the Member States should be sought and achieved throughout the process.
2020/09/22
Committee: BUDGECON
Amendment 416 #

2020/0104(COD)

Proposal for a regulation
Recital 21
(21) In order to ensure the national ownership and a focus on relevant reforms and investments, Member States wishing to receive support should submit to the Commission an annual recovery and resilience plan that is duly reasoned and substantiated. The annual recovery and resilience plan should set out the detailed set of measures for its implementation, including targets and milestones, and the expected impact of the recovery and resilience plan on growth potential, job creation and economic and social resilience; it should also include measures that are relevant for the green and the digital transitions; it should also include an explanation of the consistency of the proposed recovery and resilience plan with the relevant country-specific challenges and priorities identified in the context of the European Semester. Close cooperation between the Commission and the Member States should be sought and achieved throughout the process.
2020/09/22
Committee: BUDGECON
Amendment 417 #

2020/0104(COD)

Proposal for a regulation
Recital 21 a (new)
(21a) To ensure the efficiency and effectiveness of the Facility, all procedures foreseen under the present Regulation shall enable a streamlined and coherent governance system and avoid any duplication or overlap of duties and competences among all institutions and entities involved. In light of the urgency of action due to the present crisis, decisions pertaining to the assessment of the recovery and resilience plans and the disbursement of the allocated resources shall be adopted in a timely manner. In any case, said procedures shall not prevent the Commission from exercising its competences in the execution of the European budget as set out in Art. 17 TEU and 317 TFEU.
2020/09/22
Committee: BUDGECON
Amendment 418 #

2020/0104(COD)

Proposal for a regulation
Recital 21 a (new)
(21a) To strengthen the national ownership of the process, the Commission shall promote the involvement of local and regional authorities, social partners, civil society organisations and other relevant stakeholders, as foreseen in this Regulation and in full respect of national rules and practices, through the European Semester and notably in the identification of national challenges and priorities, multilateral surveillance, peer review exercises and exchange of good practices.
2020/09/22
Committee: BUDGECON
Amendment 419 #

2020/0104(COD)

Proposal for a regulation
Recital 21 a (new)
(21a) After receiving the annual recovery and resilience plans, and by no later than 31 May (31 March in 2021) the Commission by means of a delegated act will assess the global impact of these plans on the fulfilment of Union's objectives and priorities in accordance with the Annual Sustainable Growth Strategy and calculate the global financial contributions and loans resulting from these plans and the impact and the allocation of funds from the Union budget.
2020/09/22
Committee: BUDGECON
Amendment 430 #

2020/0104(COD)

Proposal for a regulation
Recital 22
(22) TAfter the adoption of the delegated act and by no later than four months from the submission of the annual recovery and resilience plan from Member States, the Commission should assess the annual recovery and resilience plan proposed by the Member States and should act in close cooperation with the Member State concerned. The Commission will fully respect the national ownership of the process and will therefore take into account the justification and elements provided by the Member State concerned and assess whether the recovery and resilience plan proposed by the Member State is expected to contribute to effectively address challenges identified in the relevant country-specific recommendation addressed to the Member State concerned or in other relevant documents officially adopted by the Commission in the European Semester; whether the plan contains measures that effectively contribute to the green and the digital transitions and to addressing the challenges resulting from them; whether the plan is expected to have a lasting impact in the Member State concerned; whether the plan is expected to effectively contribute to strengthen the growth potential, job creation and economic and social resilience of the Member State, mitigate the economic and social impact of the crisis and contribute to enhancing economic, social and territorial cohesion; whether the justification provided by the Member State of the estimated total costs of the recovery and resilience plan submitted is reasonable and plausible and is commensurate to the expected impact on the economy and employment; whether the proposed recovery and resilience plan contains measures for the implementation of reforms and public investment projects that represent coherent actions; and whether the arrangement proposed by the Member State concerned are expected to ensure effective implementation of the recovery and resilience plan, including the proposed milestones and targets, and the related indicators.
2020/09/22
Committee: BUDGECON
Amendment 433 #

2020/0104(COD)

Proposal for a regulation
Recital 22
(22) The Commission should assess the recovery and resilience plan proposed by the Member States and should act in close cooperation with the Member State concerned. The Commission will fully respect the national ownership of the process and will therefore take into account the justification and elements provided by the Member State concerned and assess whether the recovery and resilience plan proposed by the Member State is expected to contribute to effectively address challenges identified in the relevant country-specific recommendation addressed to the Member State concerned or in other relevant documents officially adopted by the Commission in the European Semester; whether the plan contains measures that effectively contribute to the green and the digital transitions and to addressing the challenges resulting from them; whether the plan is expected to have a lasting impact in the Member State concerned; whether the plan is expected to effectively contribute to strengthen the growth potential, job creation and economic and social resilience of the Member State, mitigate the economic and social impact of the crisis and contribute to enhancing economic, social and territorial cohesion; whether the plan contains measures that effectively contribute to address the demographic challenges; whether the justification provided by the Member State of the estimated total costs of the recovery and resilience plan submitted is reasonable and plausible and is commensurate to the expected impact on the economy and employment; whether the proposed recovery and resilience plan contains measures for the implementation of reforms and public investment projects that represent coherent actions; and whether the arrangement proposed by the Member State concerned are expected to ensure effective implementation of the recovery and resilience plan, including the proposed milestones and targets, and the related indicators.
2020/09/22
Committee: BUDGECON
Amendment 443 #

2020/0104(COD)

Proposal for a regulation
Recital 24
(24) In order to contribute to the preparation of high-quality plans and assist the Commission in the assessment of the recovery and resilience plans submitted by the Member States and in the assessment of the degree of their achievement, provision should be made for the use of expert advice and, at the Member State request, peer counselling. When such expertise concerns labour-related policies, social partners are involved.
2020/09/22
Committee: BUDGECON
Amendment 446 #

2020/0104(COD)

Proposal for a regulation
Recital 24 a (new)
(24a) The application of this Regulation shall fully observe Article 152 TFEU, and the recovery and resilience plans issued under this Regulation shall respect national practices and institutions including for wage formation. This Regulation shall take duly into account Article 28 of the Charter of Fundamental Rights of the European Union, and accordingly must not affect the right to negotiate, conclude or enforce collective agreements or to take collective action in accordance with national law and practices.
2020/09/22
Committee: BUDGECON
Amendment 449 #

2020/0104(COD)

Proposal for a regulation
Recital 25
(25) For the purpose of simplification, the determination of the financial contribution should follow simple criteria. The financial contribution should be determined on the basis of the estimated total costs of the annuals recovery and resilience plans proposed by the Member State concerned.
2020/09/22
Committee: BUDGECON
Amendment 455 #

2020/0104(COD)

Proposal for a regulation
Recital 26
(26) Provided that the annual recovery and resilience plan satisfactorily addresses the assessment criteria, the Member State concerned should be allocated the maximum financial contribution where the estimated total costs of the reform and investment included in the recovery and resilience plan is equal to, or higher than, the amount of the maximum financial contribution itself. The Member State concerned should instead be allocated an amount equal to the estimated total cost of the recovery and resilience plan where such estimated total cost is lower than the maximum financial contribution itself. No financial contribution should be awarded to the Member State if the recovery and resilience plan does not satisfactorily address the assessment criteria.
2020/09/22
Committee: BUDGECON
Amendment 469 #

2020/0104(COD)

Proposal for a regulation
Recital 28
(28) Financial support to a Member State’s plan should be possible in the form of a loan, subject to the conclusion of a loan agreement with the Commission, on the basis of a duly motivated request by the Member State concerned in its annual recovery and resilience plan. Loans supporting the implementation of national recovery and resilience plans should be provided at maturities that reflect the longer-term nature of such spending. Those maturities may diverge from the maturities of the funds the Union borrows to finance the loans on capital markets. Therefore, it is necessary to provide for the possibility to derogate from the principle set out in Article 220(2) of the Financial Regulation, according to which maturities of loans for financial assistance should not be transformed.
2020/09/22
Committee: BUDGECON
Amendment 470 #

2020/0104(COD)

Proposal for a regulation
Recital 28 a (new)
(28a) Loans agreed under the Facility and requested by Member States, and the related expenditure, will not be taken into account when assessing compliance within the framework of the Stability and Growth Pact.
2020/09/22
Committee: BUDGECON
Amendment 472 #

2020/0104(COD)

Proposal for a regulation
Recital 29
(29) The request for a loan should be justified by the financial needs linked to additional reforms and investments included in the recovery and resilience plan, notably relevant for the green and digital transitions, and by therefore, by a higher cost of the plan than the maximum financial contribution (to be) allocated via the non-repayable contribution. It should be possible to submit the request for a loan together with the submission of the plan. In case the request for loan is made at a different moment in time, it should be accompanied by a revised plan with additional milestones and targets. To ensure frontloading of resources, Member States should request a loan support at the latest by 31 August15 October 2024. For the purposes of sound financial management, the total amount of all the loans granted under this Regulation should be capped. In addition, the maximum volume of the loan for each Member State should not exceed 4.7% of its Gross National Income. An increase of the capped amount should be possible in exceptional circumstances subject to available resources. For the same reasons of sound financial management, it should be possible to pay the loan in instalments against the fulfilment of results.
2020/09/22
Committee: BUDGECON
Amendment 486 #

2020/0104(COD)

Proposal for a regulation
Recital 30
(30) A Member State should have the possibility to make a reasoned request to amend the annual recovery and resilience plans within the period of implementation, where objective circumstances justify such a course of action. The Commission should assess the reasoned request and take a new decision within fourtwo months.
2020/09/22
Committee: BUDGECON
Amendment 515 #

2020/0104(COD)

Proposal for a regulation
Recital 34
(34) For the purposes of transparency, the annual recovery and resilience plans adopted by the Commission should be communicated to the European Parliament and the Council and communication activities should be carried out by the Commission as appropriate.
2020/09/22
Committee: BUDGECON
Amendment 526 #

2020/0104(COD)

Proposal for a regulation
Recital 36
(36) Pursuant to paragraphs 22 and 23 of the Interinstitutional Agreement for Better Law-Making of 13 April 2016, there is a need to evaluate the Recovery and Resilience Facility established by this Regulation on the basis of information collected through specific monitoring requirements, while avoiding overregulation and administrative burdens, in particular on Member States. These requirements, where appropriate, should include measurable indicators, as a basis for evaluating the effects of the instruments on the ground. The Social Scoreboard shall represent one of the basis of the evaluation.
2020/09/22
Committee: BUDGECON
Amendment 547 #

2020/0104(COD)

Proposal for a regulation
Recital 39
(39) The recovery and resilience plans to be implemented by the Member States and the corresponding financial contribution allocated to them should be established by the Commission by way of implementing act. In order to ensure uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission. The implementing powers relating to the adoption of the recovery and resilience plans and to the payment of the financial support upon fulfilment of the relevant milestones and targets should be exercised by the Commission in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council, under the examination procedure thereof13 . After the adoption of an implementing delegated act, it should be possible for the Member State concerned and the Commission to agree on certain operational arrangements of a technical nature, detailing aspects of the implementation with respect to timelines, indicators for the milestones and targets, and access to underlying data. To allow the continuous relevance of the operational arrangements in respect of the prevailing circumstances during the implementation of the recovery and resilience plan, it should be possible that the elements of such technical arrangements may be modified by mutual consent. Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 ofSuch arrangements, as well as the choice of the relevant milestones and targets, shall allow the inclusion in the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes,covery and resilience plans of infrastructural investments which, due to their indiherecnt implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also csize and complexity, may require loncgern the prot execution of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an essential precondition for sound financial management and effective EU fundingperiods going beyond the time horizon of the regulation. __________________ 13 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).
2020/09/22
Committee: BUDGECON
Amendment 549 #

2020/0104(COD)

Proposal for a regulation
Recital 39
(39) The annual recovery and resilience plans to be implemented by the Member States and the corresponding financial contribution allocated to them should be established by the Commission by way of implementing act, after the decision of the European Parliament and the Council on the delegated act on the impacts of the national recovery plans on the global objectives and strategies of the Union's Annual Sustainable Growth Strategy and on the EU's budget. In order to ensure uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission. The implementing powers relating to the adoption of the recovery and resilience plans and to the payment of the financial support upon fulfilment of the relevant milestones and targets should be exercised by the Commission in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council, under the examination procedure thereof13 . After the adoption of an implementing act, it should be possible for the Member State concerned and the Commission to agree on certain operational arrangements of a technical nature, detailing aspects of the implementation with respect to timelines, indicators for the milestones and targets, and access to underlying data. To allow the continuous relevance of the operational arrangements in respect of the prevailing circumstances during the implementation of the recovery and resilience plan, it should be possible that the elements of such technical arrangements may be modified by mutual consent. Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 of the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes, indirect implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also concern the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an essential precondition for sound financial management and effective EU funding. __________________ 13Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).
2020/09/22
Committee: BUDGECON
Amendment 551 #

2020/0104(COD)

Proposal for a regulation
Recital 39
(39) The annual recovery and resilience plans to be implemented by the Member States and the corresponding financial contribution allocated to them should be established by the Commission by way of implementing act, after the decision of the European Parliament and the Council on the delegated act on the impacts of the national recovery plans on the global objectives and strategies of the Union's Annual Sustainable Growth Strategy and on the EU's budget. In order to ensure uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission. The implementing and delegated powers relating to the adoption of the recovery and resilience plans and to the payment of the financial support upon fulfilment of the relevant milestones and targets should be exercised by the Commission in accordance with Regulation (EU) No 182/20111 of the European Parliament and of the Council, under the examination procedure thereof13 3 and Article 290 TFEU. After the adoption of an implementing act, it should be possible for the Member State concerned and the Commission to agree on certain operational arrangements of a technical nature, detailing aspects of the implementation with respect to timelines, indicators for the milestones and targets, and access to underlying data. To allow the continuous relevance of the operational arrangements in respect of the prevailing circumstances during the implementation of the recovery and resilience plan, it should be possible that the elements of such technical arrangements may be modified by mutual consent. Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 of the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes, indirect implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also concern the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an essential precondition for sound financial management and effective EU funding. __________________ 13 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).
2020/09/22
Committee: BUDGECON
Amendment 553 #

2020/0104(COD)

Proposal for a regulation
Recital 39
(39) The recovery and resilience plans to be implemented by the Member States and the corresponding financial contribution allocated to them should be established by the Commission by way of implementing act. In order to ensure uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission. The implementing powers relating to the adoption of the recovery and resilience plans and to the payment of the financial support upon fulfilment of the relevant milestones and targets should be exercised by the Commission in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council, under the examination procedure thereof13 . After the adoption of an implementing act, it should be possible for the Member State concerned and the Commission to agree on certain operational arrangements of a technical nature, detailing aspects of the implementation with respect to timelines, indicators for the milestones and targets, and access to underlying data. To allow the continuous relevance of the operational arrangements in respect of the prevailing circumstances during the implementation of the recovery and resilience plan, it should be possible that the elements of such technical arrangements may be modified by mutual consent. Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 of the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes, indirect implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also concern the protection of the Union's budget in case of generaliszed deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an, democratic checks and balances, an independent judiciary, media pluralism and media freedom are essential preconditions for sound financial management and effective EU funding and fighting corruption. __________________ 13 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).
2020/09/22
Committee: BUDGECON
Amendment 561 #

2020/0104(COD)

Proposal for a regulation
Recital 39 a (new)
(39a) The Facility is a key programme of the European Union Recovery Instrument as part of the revised Multiannual Financial Framework. Spending under the Facility will though be subject to a discharge procedure by the European Parliament.
2020/09/22
Committee: BUDGECON
Amendment 1070 #

2020/0104(COD)

Proposal for a regulation
Article 16 – paragraph 1 a (new)
1a. The Commission consults local and regional authorities, social partners, civil society organisations and other relevant stakeholders of the concerned country, notably in cooperation with European social partners, to gather their views concerning ownership, consistency and effectiveness of the national recovery and resilience plan.
2020/09/25
Committee: BUDGECON
Amendment 1126 #

2020/0104(COD)

Proposal for a regulation
Article 16 – paragraph 3 – point b a (new)
(b a) whether the climate and biodiversity assessment guidelines was correctly performed for each measures in the recovery and resilience plan and whether each measures in the recovery and resilience plan of the Member State do not case harm to any of the environmental objectives listed in Regulation (EU) 2020/852 in accordance with Article 17 of the same Regulation;
2020/09/25
Committee: BUDGECON
Amendment 1135 #

2020/0104(COD)

Proposal for a regulation
Article 16 – paragraph 3 – point b b (new)
(b b) whether the Commission's methodology for tracking the implementation of the European Pillar of Social Rights was correctly used, whether each measures in the recovery and resilience plan of the Member State are expected to ensure that at least 30% of the amount requested for the recovery and resilience plan contribute to the implementation of the principles of the European Pillar of Social Rights and whether none of the reforms and investments supported by the Recovery and Resilience Facility contradict the implementation of the European Pillar of Social rights;
2020/09/25
Committee: BUDGECON
Amendment 1162 #

2020/0104(COD)

Proposal for a regulation
Article 16 – paragraph 3 – point d
(d) whether the recovery and resilience plan is expected to effectively contribute to strengthen the growth potential, job creation, social progress and economic and social resilience of the Member State, decrease inequalities, mitigate the economic and social impact of the crisis, and contribute to enhance economic, social and territorial cohesion;
2020/09/25
Committee: BUDGECON
Amendment 1169 #

2020/0104(COD)

Proposal for a regulation
Article 16 – paragraph 3 – point d
(d) whether the recovery and resilience plan is expected to effectively contribute to strengthen the growth potential, job creation, and economic and social resilience of the Member State, mitigate the economic and social, social and demographic impact of the crisis, and contribute to enhance economic, social and territorial cohesion;
2020/09/25
Committee: BUDGECON
Amendment 1191 #

2020/0104(COD)

Proposal for a regulation
Article 16 – paragraph 3 – point g
(g) whether the arrangements proposed by the Member States concerned are expected to ensure an effective implementation of the recovery and resilience plan, including the envisaged timetable, milestones and targets, and the related indicators, which include progresses in improving performances in the areas covered by the social scoreboard.
2020/09/25
Committee: BUDGECON
Amendment 1204 #

2020/0104(COD)

Proposal for a regulation
Article 16 – paragraph 3 – point g a (new)
(g a) whether the recovery and resilience plan is compatible with the six pillars set out in Article 3 and respect the minimum contributions for each pillar;
2020/09/25
Committee: BUDGECON
Amendment 1213 #

2020/0104(COD)

Proposal for a regulation
Article 16 – paragraph 5
5. For the purpose of the assessment of the recovery and resilience plans submitted by Member States, the Commission may be assisted by experts. When such expertise concerns labour- related policies, social partners are involved.
2020/09/25
Committee: BUDGECON
Amendment 1215 #

2020/0104(COD)

Proposal for a regulation
Article 16 a (new)
Article 16 a Decision process 1. After receiving the annual national recovery and resilience plans of each Member State, the Commission shall provide to the European Parliament and the Council by means of a delegated act and no later than 31 May, a report consolidating the information of these national plans and assessing the impact of the proposed measures in the Union's economy and in what concerns the objectives of the Annual Sustainable and Growth Strategy. This report shall among others: (a) reflect how the Recovery and Resilience Facility delivers on the EU objectives of competitive sustainability and green transition, the digital transformation, economic and social cohesion and the European Pillar of Social Rights and institutional resilience; (b) the total amount of financial contribution and loans from the Facility committed and paid to Member States, and the volume of proceeds assigned to the Facility, broken down by budget line.
2020/09/25
Committee: BUDGECON
Amendment 1222 #

2020/0104(COD)

Proposal for a regulation
Article 17 – paragraph 1
1. TAfter the decision taken by the European Parliament and the Council on the delegated act referred to in Article 16a, the Commission shall adopt a decision within fourtwo months of the official submission ofconcerning the recovery and resilience plan by theof each Member State, by means of an implementing act. In the event that the Commission gives a positive assessment to a recovery and resilience plan, that decision shall set out the reforms and investment projects to be implemented by the Member State, including the milestones and targets, and the financial contribution allocated in accordance with Article 11.
2020/09/25
Committee: BUDGECON
Amendment 1306 #

2020/0104(COD)

Proposal for a regulation
Article 17 a (new)
Article 17 a 1. Given the urgency to quickly implement the national recovery and resilience plans to enable the economic recovery to its full capacity, and without prejudice of the provisions established on Article 15, paragraph 2 and Article 16a of this Regulation, Member States shall present their first annual Recovery and Resilience Plan by no later than 28 of February 2021. 2. A draft plan may be submitted by Member States to the Commission starting from 15 October 2020, together with the budget for the next year. 3. Without prejudice to the provisions adopted in Article 16 of this Regulation the Commission shall assess the 2021 national recovery and resilience plan using as reference point the country- specific recommendations addressed to Member Sates in the 2019 and 2020 Semester cycles. 4. Without prejudice to the provisions adopted in Article 16a of this Regulation the Commission shall by no later than 31 March 2020 adopt a delegated act respecting the requests of Article 16a. 5. After a decision is taken by the European Parliament and the Council on the delegated act referred to in paragraph 4 of this Article, the Commission shall proceed in accordance with Article 17 of this Regulation.
2020/09/25
Committee: BUDGECON
Amendment 1312 #

2020/0104(COD)

Proposal for a regulation
Article 18 – paragraph 1
1. Where the recovery and resilience plan including relevant milestones and targets, is no longer achievable, either partially or totally, by the Member State concerned because of objective circumstances, the Member State concerned may make a reasoned request to the Commission to amend or replace the decisions referred to in Article 17(1) and 17(2) at the latest by 15 October. To that effect, the Member State may propose a modified or a newannual recovery and resilience plan.
2020/09/25
Committee: BUDGECON
Amendment 1322 #

2020/0104(COD)

Proposal for a regulation
Article 18 – paragraph 2
2. Where the Commission considers that the reasons put forward by the Member State concerned justify an amendment of the relevant recovery and resilience plan, the Commission shall assess the new plan in accordance with the provisions of Article 16 and shall take a new decision in accordance with Article 17 within fourtwo months of the official submission of the request.
2020/09/25
Committee: BUDGECON
Amendment 1330 #

2020/0104(COD)

Proposal for a regulation
Article 18 – paragraph 3
3. Where the Commission considers that the reasons put forward by the Member State concerned do not justify an amendment of the relevant recovery and resilience plan, it shall reject the request within fourtwo months of its official submission, after having given the Member State concerned the possibility to present its observations within a period of one month of the communication of the Commission's conclusions.
2020/09/25
Committee: BUDGECON
Amendment 1331 #

2020/0104(COD)

Proposal for a regulation
Article 18 – paragraph 3 a (new)
3a. In case the modified recovery and resilience plan exceeds the total disbursement approved by the annual delegated act, the Commission shall adopt a new delegated act, assessing the impact on the Union's strategy and objectives of the Annual Sustainable Growth Strategy and calculating the new financial contributions and loans.
2020/09/25
Committee: BUDGECON
Amendment 1423 #

2020/0104(COD)

Proposal for a regulation
Article 21 a (new)
Article 21 a Discharge procedure Spending under the Facility shall be subject to a discharge procedure by the European Parliament.
2020/09/25
Committee: BUDGECON
Amendment 1430 #

2020/0104(COD)

Proposal for a regulation
Article 22 a (new)
Article 22 a Recovery and Resilience Scoreboard 1. The Commission shall complement the current Social Scoreboard (the ‘Scoreboard’) with indicators framed by the Sustainable Development Goals, to monitor the status of implementation of the agreed reforms and investments through the recovery and resilience plans of each Member State. 2. The Scoreboard shall display the progress registered by the recovery and resilience plans in each of the six areas that define the scope of this Regulation. 3. The Scoreboard shall indicate the degree of fulfilment of the relevant milestones of the recovery and resilience plans and the identified shortcomings in their implementation, as well as the recommendations of the Commission to address the respective shortcomings. 4. The Scoreboard shall also summarise the main recommendations addressed to the Member States as regards their recovery and resilience plans. 5. The Scoreboard shall serve as a basis for a permanent exchange of best practices between Member States which will materialise in the form of a structured dialogue organised on a regular basis. 6. The Scoreboard shall be constantly updated and shall be publicly available on the Commission’s website. It shall indicate the status of payment claims, payments, suspensions and cancellations of financial contributions. 7. The Commission shall present the Scoreboard at a hearing organised by the competent committees of the European Parliament. 8. In establishing the scoreboard, the Commission should rely as much as possible on dashboards based on multiple indicators for monitoring the social and economic dimension of resilience and dashboards for monitoring the green and digital dimension of resilience as annexed to its 2020 strategic foresight report “Charting the course towards a more resilient Europe”.
2020/09/25
Committee: BUDGECON
Amendment 1501 #

2020/0104(COD)

Proposal for a regulation
Article 25 a (new)
Article 25 a Exercise of the Delegation 1. The power to adopt delegated acts is conferred on the Commission subject to the conditions laid down on this Article. 2. The power to adopt delegated acts referred to in Articles 16a, 17, 17a and 18 shall be conferred on the Commission until 31 December 2027. 3. The delegation of power referred to in Articles 16a, 17, 17a and 18 may be revoked at any time by the European Parliament or by the Council. 4. A decision to revoke the delegation of power shall put an end to the delegation of power specified in that decision. 5. As soon as it adopts a delegated act the Commission shall notify it simultaneously to the European Parliament and the Council. 6. A delegated act adopted pursuant to Articles 16a, 17, 17a and 18 shall enter into force if no objection has been expressed either by the European Parliament or by the Council within a period of two months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object.
2020/09/25
Committee: BUDGECON
Amendment 5 #

2019/2975(RSP)


Citation 2
— having regard to the Charter of Fundamental Rights of the European Union, particularly to Articles 3, 15, 20, 21, 23, 25, 26 and 2647 thereof,
2020/02/04
Committee: EMPL
Amendment 25 #

2019/2975(RSP)


Citation 5
— having regard to the Concluding Observations of the UN Committee on the Rights of Persons with Disabilities (UNCRPD Committee) of 2 October 2015 on the initial report of the European Union, including those on the European Union institutions’ compliance with the Convention as public administration,
2020/02/04
Committee: EMPL
Amendment 28 #

2019/2975(RSP)


Citation 5 a (new)
- having regard to the General Comments of the UN Convention on the Rights of Persons with Disabilities, as the authoritative guidance on the implementation of the UN CRPD,
2020/02/04
Committee: EMPL
Amendment 42 #

2019/2975(RSP)


Citation 20 a (new)
- having regard to the exploratory opinion of the European Economic and Social Committee requested by the European Parliament on the situation of disabled women,
2020/02/04
Committee: EMPL
Amendment 47 #

2019/2975(RSP)


Citation 21 a (new)
- having regard to the study of the European Parliament Policy Department C of 2016 on European Structural and Investent Funds and people with disabilities in the European Union,
2020/02/04
Committee: EMPL
Amendment 48 #

2019/2975(RSP)


Citation 22
— having regard to the Annual Report 2018 of the European Ombudsman, and specifically her strategic inquiries into how the European Commission ensures that disabled people can access its websites (OI/6/2017/EA), how the European Commission treats disabled people under the Joint Sickness Insurance Scheme for EU staff (OI/4/2016/EA), and the Decision in the joint inquiry in cases 1337/2017/EA and 1338/2017/EA on the accessibility for visually impaired candidates of selection procedures to recruit EU civil servants, organised by the European Personnel Selection Office,
2020/02/04
Committee: EMPL
Amendment 59 #

2019/2975(RSP)


Citation 28 a (new)
- having regard to the Regulation (EU) No 1303/2013 of the European Parliament and of the Council of 17 December 2013 laying down common provision on the European Structural and Investments Funds, particularly to articles 4, 6 and 7 12
2020/02/04
Committee: EMPL
Amendment 74 #

2019/2975(RSP)


Recital A
A. whereas, as full citizens, all persons with disabilitiedisabled persons have equal rights in all fields of life and are entitled to inalienable dignity, equal treatment, independent living, autonomy and full participation in society;
2020/02/04
Committee: EMPL
Amendment 88 #

2019/2975(RSP)


Recital F a (new)
F a. whereas disability is a social construction and according to the social model of disability: - Impairment is a physical, mental or sensory functional limitation within the individual. - Disability is the loss or limitation of opportunities to take part in the "normal life" of the community equally with others due to physical and social barriers. Therefore, the term ‘disabled people’ defines “people with impairments who are disabled by socially constructed barriers”; furthermore, the term ‘people with disabilities’ refers to the disabling that effect rests within the individual person rather than from society. The term ‘disabilities’ when used in this context refers to a person’s medical condition and thus confuses disability with impairment. In addition it denies the political or ‘disability identity’
2020/02/04
Committee: EMPL
Amendment 93 #

2019/2975(RSP)


Recital F b (new)
F b. whereas article 19 of the UN CRPD states that "States Parties to the present Convention recognize the equal right of all persons with disabilities to live in the community, with choices equal to others, and shall take effective and appropriate measures to facilitate full enjoyment by persons with disabilities of this right and their full inclusion and participation in the community";
2020/02/04
Committee: EMPL
Amendment 109 #

2019/2975(RSP)


Recital G a (new)
G a. whereas a considerable proportion of the four million people experiencing homelessness every year have disability, having been largely overlooked as a target group of the UNCRPD and the EU Disability Strategy;
2020/02/04
Committee: EMPL
Amendment 158 #

2019/2975(RSP)


Paragraph 2 – introductory part
2. Calls on the Commission to proposepare a comprehensive, ambitious and long-term post-2020 European Disability Strategy (the post-2020 Strategy)
2020/02/04
Committee: EMPL
Amendment 177 #

2019/2975(RSP)


Paragraph 2 – indent 4 a (new)
- reflecting the guidance and interpretation of the UNCRPD given by the General Comments of the UNCRPD Committee, including definitions of the key terms,
2020/02/04
Committee: EMPL
Amendment 180 #

2019/2975(RSP)


Paragraph 2 – indent 5
- mainstreaming the rights of the children with disabilities into all areas, disabled elders, women and children into all areas; regarding children making sure that the educational institutions are fully inclusive and there will be measures against the Member States that fail to fully include them in their educational systems,
2020/02/04
Committee: EMPL
Amendment 196 #

2019/2975(RSP)


Paragraph 2 – indent 5 a (new)
- abolishing the institutionalisation in a specific time frame and supporting the practice of personal assistants for disabled people, in all Member States,
2020/02/04
Committee: EMPL
Amendment 200 #

2019/2975(RSP)


Paragraph 2 – indent 5 b (new)
- recognising and addressing the multiple and intersectional forms of discrimination they may face, and in particular the challenges faced by women, girls, children, older and LGBTI disabled people, as well as persons from racial and ethnic minorities.
2020/02/04
Committee: EMPL
Amendment 202 #

2019/2975(RSP)


Paragraph 2 – indent 5 c (new)
- setting new rules for the European Union Aviation Safety Agency (EASA) and the International Air Transport Association (IATA) in order to protect the rights of the disabled passengers concerning the safety of the integrity of both their body and equipment when transferred, and the recognition of the need for extra seats in cases of a personal assistant or laying,
2020/02/04
Committee: EMPL
Amendment 205 #

2019/2975(RSP)


Paragraph 2 – indent 6 a (new)
- by creating mechanisms for the coordination of portability and adaptability of benefits and services for the disabled people between Member States inside the EU;
2020/02/04
Committee: EMPL
Amendment 235 #

2019/2975(RSP)


Paragraph 3
3. Stresses that the post -2020 Strategy should be based on a cross-cutting, comprehensive review of all EU legislation and policy in order to ensure full harmonisation with the provisions of the UNCRPD; insists that it should include a revised declaration of competences including all policy areas in which the EU has legislated or adopted soft law measures that have an impact on persons with disabilitiesdisabled people;
2020/02/04
Committee: EMPL
Amendment 253 #

2019/2975(RSP)


Paragraph 4
4. Calls on the Commission to prepare the post-2020 Strategy with the close and systematic involvement of persons with disabilitiesdisabled people and of their representative organisations, and to ensure their accessible and meaningful participation in the implementation, monitoring and evaluation of the post-2020 Strategy also through funding their capacity-building;
2020/02/04
Committee: EMPL
Amendment 274 #

2019/2975(RSP)


Paragraph 6
6. Stresses the need for continuous monitoring of the implementation of the UNCRPD; calls for the collection of robust, disaggregated, comparable data on the situation of persons with disabilities to facilitate proper monitoring of progress; urges the Commission to provide adequate resources to the EU CRPD Framework to enable it to perform its functions independently and adequately;For that purpose, calls for:
2020/02/04
Committee: EMPL
Amendment 282 #

2019/2975(RSP)


Paragraph 6 – indent 1 (new)
- the collection of robust, disaggregated, comparable data on the situation of disabled people to facilitate proper monitoring of progress,
2020/02/04
Committee: EMPL
Amendment 285 #

2019/2975(RSP)


Paragraph 6 – indent 3 (new)
- a flexible mechanism that can provide incentives for the optimal implementation of the CRPD. To that extent, commends initiatives like the Access City Awards and calls for relevant initiatives on the national level;
2020/02/04
Committee: EMPL
Amendment 300 #

2019/2975(RSP)


Paragraph 7
7. Calls on the Commission to systematically mainstream the rights of persons with disabilitiesdisabled people in all the relevant EU laws, policies and programmes;
2020/02/04
Committee: EMPL
Amendment 318 #

2019/2975(RSP)


Paragraph 8
8. Calls on the Commission to safeguard the UNCRPD-compliant use of EU funds and to ensure that EU funds, in a specific time period of five years, will not contribute to the construction or refurbishment of institutional care settings or any other kind of settings that could easily turn into an institution;
2020/02/04
Committee: EMPL
Amendment 327 #

2019/2975(RSP)


Paragraph 8 a (new)
8 a. Calls on the Commission to examine the possibility of legislative and non-legislative proposals regarding the Independent Living strategy that reflects the European Way of Life for the disabled people, by mainstreaming best practices - concerning Independent Living and Personal Assistance, - regarding the assistance for starting a family, - in the field of employment, - in removing all barriers (physical, intellectual, psychological, financial), that prevent disabled people from accessing quality and affordable healthcare services, and provide information in accessible formats, especially for people with lifelong disabilities, - in familiarising disabled and non- disabled people with the social model of disability and combating all stereotypes, like in the area of sexuality, through the development of campaigns and cooperation with the creative industries;
2020/02/04
Committee: EMPL
Amendment 364 #

2019/2975(RSP)


Paragraph 9
9. Calls on the Commission to develop a comprehensive campaign in accessible format to raise awareness of the UN CRPD among the persons with disabilitiesdisabled people and the society in general, and promote, coordinate and create educational material that can be used by the national systems;
2020/02/04
Committee: EMPL
Amendment 371 #

2019/2975(RSP)


Paragraph 9 a (new)
9 a. Calls on the Commission to ensure the EU Disability Strategy post-2020 includes the end of acts of gender-based violence, such as forced sterilisation and forced institutionalisation;
2020/02/04
Committee: EMPL
Amendment 381 #

2019/2975(RSP)


Paragraph 9 c (new)
9 c. Calls on the Commission to create, in cooperation with the private sector, one portal that collects all the instruments provided for the optimal social participation of disabled people,
2020/02/04
Committee: EMPL
Amendment 387 #

2019/2975(RSP)


Paragraph 10
10. Calls on the Member States to re- affirm their commitment to promoting, protecting and ensuring the full and equal enjoyment of all human rights and fundamental freedoms by all persons with disabilities, including the right to free movement and residence, by all disabled people, and to promoting respect for their inherent dignity also by implementing the post-2020 Strategy and to allocate adequate human and financial resources to its implementation;
2020/02/04
Committee: EMPL
Amendment 395 #

2019/2975(RSP)


Paragraph 10 a (new)
10 a. Calls on the Commission to ensure that the post-2020 Strategy will specially promote guaranteed access to employment, trainings, inclusive education, to affordable quality healthcare services, to digital services, to sport activities for disabled people;
2020/02/04
Committee: EMPL
Amendment 424 #
2020/02/04
Committee: EMPL
Amendment 429 #

2019/2975(RSP)


Paragraph 11 a (new)
11 a. Calls on the Commission and the Member States to promote the term 'disabled people' rather than persons with disabilities and replace it in official documents and websites;
2020/02/04
Committee: EMPL
Amendment 446 #

2019/2975(RSP)


Paragraph 12 a (new)
12 a. Calls on the Member States to grant voting rights to every disabled person regardless of intelligence impairments or their ability capacity and facilitate them in the voting process;
2020/02/04
Committee: EMPL
Amendment 71 #

2019/2209(INI)

Motion for a resolution
Recital E
E. whereas the independence, sovereignty and territorial integrity of the EU’s Eastern European Partners are still imperilled by unresolved regional conflicts, the Eastern Partnership pursues the common goals of good neighbourly relations and regional cooperation as well as peaceful resolution of all ongoing conflicts within existing agreed negotiating formats and principles based on the norms and principles of international law, the UN Charter and the Helsinki Final Act;
2020/03/25
Committee: AFET
Amendment 1 #

2019/2176(INI)

Draft opinion
Recital A
A. whereas the Committee on Petitions conducted a fact-finding visit to Famagusta, Cyprus, on 7-8 May 2018, in the context of petition 733/2004 submitted by Loizos Afxentiou, on behalf of the Famagusta Refugee Movement; whereas the purpose of the mission was to reassess and update its information on the situation in Famagusta, and in particular Varosha (the section of the city sealed off by the Turkish army), following on from Petition 733/2004, 10 years after the Committee’s previous fact-finding visit, which took place on 25-28 November 2007;
2020/06/08
Committee: PETI
Amendment 5 #

2019/2176(INI)

Motion for a resolution
Citation 1 a (new)
- having regard to its resolution of 15 April 2015 on the centenary of the Armenian genocide 1a, _________________ 1a Texts adopted, P8_TA(2015)0094.
2020/12/15
Committee: AFET
Amendment 8 #

2019/2176(INI)

Motion for a resolution
Citation 5
- having regard to the Negotiating Framework for Turkey of 3 October 2005, and to the fact that, as is the case for all candidate countries, Turkey’s accession to the EU depends on full compliance with the Copenhagen criteria, and to the need to normalize its relations with all EU Member States, including the Republic of Cyprus;
2020/12/15
Committee: AFET
Amendment 10 #

2019/2176(INI)

Motion for a resolution
Citation 5 a (new)
- having regard to the declaration issued by the European Community and its Member States on 21 September 2005, following the declaration made by Turkey upon signature on 29 July 2005 of the Ankara Protocol, including the provision that the recognition of all Member States is a necessary component of the negotiations, and to the need for Turkey to proceed to the normalization of its relations with all Member States and to fully implement the Additional Protocol to the Ankara Agreement towards all MS, by removing all obstacles to the free movement of goods, including restrictions on means of transport, without prejudice and discrimination,
2020/12/15
Committee: AFET
Amendment 13 #

2019/2176(INI)

Draft opinion
Recital I
I. whereas the return of Varosha to its lawful inhabitants would constitute a formidable confidence-building measure, and could become the catalyst for a fair, comprehensive settlementand viable settlement, in accordance with relevant UNSC resolutions, and in line with the values and principles on which the EU is founded and the acquis, by creating conditions of cooperation, mutual respect and trust between the two communities in Cyprus;
2020/06/08
Committee: PETI
Amendment 16 #

2019/2176(INI)

Motion for a resolution
Citation 5 b (new)
- having regard to the Council Conclusions of 26 June 2018 and 18 June 2019 to the effect that the accession negotiations effectively come to a standstill and no further chapters can be considered for opening or closing and no further work towards the modernisation of the EU-Turkey Customs Union is foreseen,
2020/12/15
Committee: AFET
Amendment 19 #

2019/2176(INI)

Motion for a resolution
Citation 6
- having regard to the Council conclusions of 18 June 2019 on the standstill of Turkey's accession process, 15 July and 14 October 2019 on Turkey’s illegal drilling activities in the Eastern Mediterranean, to the European Council conclusions of 12 December 2019 on the illegal Memorandum of Understanding between Turkey and Libya, of 1 October 2020, to the statements of the EU Foreign Ministers of 15 May 2020 and 14 August 2020 on the situation in the Eastern Mediterranean, to the outcome of the informal meeting of EU Foreign Ministers (Gymnich) of 28 August 2020, and to all previous relevant Council and European Council conclusions,
2020/12/15
Committee: AFET
Amendment 22 #

2019/2176(INI)

Motion for a resolution
Citation 6
- having regard to the Council conclusions of 15 July and 14 October 2019 on Turkey’s illegal drilling activities in the Eastern Mediterranean, to the European Council conclusions of 1 October 2020 and 16 October 2020, to the statements of the EU Foreign Ministers of 15 May 2020 and 14 August 2020 on the situation in the Eastern Mediterranean, to the outcome of the informal meeting of EU Foreign Ministers (Gymnich) of 28 August 2020, and to all previous relevant Council and European Council conclusions,
2020/12/15
Committee: AFET
Amendment 23 #

2019/2176(INI)

Motion for a resolution
Citation 7 a (new)
- having regard to the restrictive measures framework established by the EU on 11 November 2019, as a response to Turkey’s illegal drilling activities in the eastern Mediterranean, which was renewed on6 November 2020,
2020/12/15
Committee: AFET
Amendment 25 #

2019/2176(INI)

Motion for a resolution
Citation 8 a (new)
- having regard to the EU-Turkey Readmission Agreement,
2020/12/15
Committee: AFET
Amendment 30 #

2019/2176(INI)

Motion for a resolution
Citation 9 a (new)
- having regard to Article 46 of the European Convention on Human Rights (ECHR), which states that the contracting parties undertake to abide by the final judgments of the European Court of Human Rights (ECtHR) in any case to which they are parties, and, therefore, to the obligation of Turkey to implement all judgements of the European Courts, including the ECtHR,
2020/12/15
Committee: AFET
Amendment 42 #

2019/2176(INI)

Motion for a resolution
Recital A
A. whereas being a candidate country presumes aquires the willingness together with concrete actions to progressively approach, in all aspects, the values, interests, standards and policies of the EU;
2020/12/15
Committee: AFET
Amendment 53 #

2019/2176(INI)

Motion for a resolution
Recital A a (new)
Aa. Whereas, under the Negotiating Framework, Turkey is expected to unequivocally commit to good neighbourly relations, and the peaceful settlement of disputes having recourse, if necessary, to the International Court of Justice,
2020/12/15
Committee: AFET
Amendment 70 #

2019/2176(INI)

Motion for a resolution
Recital D
D. whereas, in spite of this principled stance by Parliament and all of the current circumstances, the destabilising actions of Turkey in Libya, Syria and South Caucasus and its illegal actions in Eastern Mediterranean, the European Council, in its conclusions of 1 October 2020, offered Turkey a renewed and broad positive agenda, provided that constructive efforts are sustainedTurkey would stop its illegal activities, in a further attempt to restore our relations;
2020/12/15
Committee: AFET
Amendment 77 #

2019/2176(INI)

Motion for a resolution
Recital D
D. whereas, in spite of this principled stance by Parliament and all of the current circumstances, the European Council, in its conclusions of 1 October 2020, offered Turkey a renewed and broad positive agenda, provided that constructive efforts to stop illegal activities vis-à-vis Greece and Cyprus are sustained, in a further attempt to restore our relations;
2020/12/15
Committee: AFET
Amendment 131 #

2019/2176(INI)

Motion for a resolution
Paragraph 3
3. Is deeply concerned that, over the years, the lack of progress in Turkey’s convergence has now transformed into a full withdrawal, marked by a stark regression in three main areas: backsliding on the rule of law and fundamental rights, adopting regressive institutional reforms and pursuing a confrontational and destabilised foreign policy; is further concerned by the fact that this regression has increasingly been accompanied by an explicit anti-EU narrative by government officials; calls, in this context, on Turkey to reassess the sincerity of its commitment to the EU path, as an indispensable component of the viability of the entire accession process;
2020/12/15
Committee: AFET
Amendment 143 #

2019/2176(INI)

Motion for a resolution
Paragraph 4
4. Stresses that no incentive that the EU could offer can ever replace the much- needed political will to build a mature democracy and, in turn, become a member of the EU; Recalls that accession process is and will remain a merit-based process fully dependent on the objective progress achieved by each country, including Turkey;
2020/12/15
Committee: AFET
Amendment 169 #

2019/2176(INI)

Motion for a resolution
Paragraph 5 a (new)
5a. Recalls that the allocation of EU funds is conditional on the respect for the rule of law, democratic values, human rights, European and international law; due to the backsliding in all these areas in Turkey, reiterates its position that all the funds allocated under the Instrument for Pre-Accession Assistance (IPA III) to be directly managed by the EU in order to support Turkey's civil society, human rights defenders and journalists, and to increase opportunities for people-to- people contacts, academic dialogue and media platforms for journalists with the objective of protecting and promoting democratic values and principles, human rights and the rule of law and that no actions organised by the Turkish state should get financed by the EU budget as long as the situation does not significantly improve;
2020/12/15
Committee: AFET
Amendment 182 #

2019/2176(INI)

Motion for a resolution
Paragraph 6
6. Regrets the current lack of understanding between the EU andcommitment from the side of Turkey, but reaffirms its firm conviction that Turkey is a strategic neighbour and allyn important neighbouring country, with which the EU wishes to have the best possible relations based on international law and mutual respect;
2020/12/15
Committee: AFET
Amendment 253 #

2019/2176(INI)

Motion for a resolution
Paragraph 12
12. Regrets that the current overly broad anti-terrorism provisions and the abuse of the anti-terror measures have become the backbone of this state policy; reiterates its firm condemnation of the violence by the Kurdistan Workers’ Party (PKK), which has been on the EU list of terrorist organisations since 2002;notes with great concern the continued mass incarceration of people convicted or held in pre-trial detention on terrorism- related charges based on scant evidence; reiterates its firm condemnation of any violence against civilians from all state and non-state actors.
2020/12/15
Committee: AFET
Amendment 315 #

2019/2176(INI)

Motion for a resolution
Paragraph 17
17. Notes with great concern the way that the People’s Democratic Party (HDP) has been specifically and continuously targeted by the Turkish authorities; strongly condemns the continued detention of former HDP co-chairs Selahattin Demirtaş; and Figen Yüksekdağ, members of parliament, elected mayors, administrators and members.
2020/12/15
Committee: AFET
Amendment 353 #

2019/2176(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Calls on the Turkish Government to halt its plans for the construction of the Akkuyu nuclear power plant; calls on Turkey to adhere to the Espoo Convention; asks the Turkish Government to involve, or at least consult, the governments of the neighbouring countries, such as Greece and Cyprus, in relation to any further developments in the Akkuyu venture;
2020/12/15
Committee: AFET
Amendment 360 #

2019/2176(INI)

Motion for a resolution
Paragraph 19 b (new)
19b. Stresses that visa liberalisation will be possible once all the criteria have been fully and effectively met in a non- discriminatory manner;
2020/12/15
Committee: AFET
Amendment 366 #

2019/2176(INI)

Motion for a resolution
Paragraph 20
20. Remains deeply concerned by the situation in the south-east ofKurdish issue in Turkey with regard to the protection of human rights, freedom of expression and political participation;
2020/12/15
Committee: AFET
Amendment 372 #

2019/2176(INI)

Motion for a resolution
Paragraph 20 a (new)
20a. Calls on Turkey to cooperate with relevant international organizations, especially the Council of Europe, in preventing and combatting illicit trafficking and the deliberate destruction of cultural heritage within Turkey and the occupied part of Cyprus;
2020/12/15
Committee: AFET
Amendment 388 #

2019/2176(INI)

Motion for a resolution
Paragraph 21 a (new)
21a. Deplores the fact that the Venice Commission recommendations on the status of religious communities in Turkey have yet to be implemented; reiterates its call on Turkey to respect the importance of the Ecumenical Patriarchate for Orthodox Christians all over the world, to recognise its legal personality and the public use of the ecclesiastical title of the Ecumenical Patriarch; stresses the need to eliminate restrictions on the training, appointment and succession of clergy, to allow the reopening of the Halki Seminary and lift all obstacles for its proper functioning;
2020/12/15
Committee: AFET
Amendment 406 #

2019/2176(INI)

Motion for a resolution
Paragraph 21 b (new)
21b. Strongly condemns the decision by the Turkish authorities to convert Hagia Sophia a World Heritage Monument into mosque, in violation of the UNCESCO Convention concerning the protection of the World Cultural and Natural Heritage, to which Turkey is signatory member; Deplores that Moni tis Choras/Chora Church was also converted from museum into a mosque during the last months; Urges the Turkish government to reverse its decisions and protect the multicultural character of the country; believes these actions undermine the trust between the Turkish government and the religious communities in the country;
2020/12/15
Committee: AFET
Amendment 414 #

2019/2176(INI)

Motion for a resolution
Paragraph 21 c (new)
21c. Regrets the fact that the Treasury has appealed favourable decisions for the restitution of properties according to the Law on Foundations and most of the appeals against rejected claims are pending either before local courts or at ECHR; calls for the publication of the new electoral regulation for non Muslim foundations, following its annulment in 2013, which has created serious problems to proper administration of these foundations as no elections can take place; recalls the need for Turkey to fully implement all recommendations of the Council of Europe Resolution 1625(2008) with particular emphasis on the restitution property rights of the Greek Orthodox population and its foundations on the islands of Imvros and Tenedos, as well as inheritance rights and adopt all necessary positive discrimination measures for assisting the repatriation of all minority families who wish to return to the islands; underlines the need to preserve the bicultural character of the islands;
2020/12/15
Committee: AFET
Amendment 472 #

2019/2176(INI)

Motion for a resolution
Paragraph 25
25. Recalls the laudable role played by Turkey in responding to the migration crisis resulting from the war in Syria; takes the view that the EU should continue to give the necessary support to Syrian refugees and host communities in Turkey; supports an objective assessment of the EU-Turkey Statement and underlines the importance of both parties’ compliance with their respective commitmentsits implementation in a non-discriminatory way; Regrets that as a result of Turkey’s weaponization of refugees an increase in asylum applications was registered in Cyprus in the first quarter of 2020; notes that pending the full and effective implementation of the EU-Turkey Readmission Agreement vis-à-vis all Member States, existing bilateral readmission agreements and provisions in similar agreements and arrangements with EU Member States, should be adequately implemented. Cooperation in the area of justice and home affairs with all EU Member States remains essential;
2020/12/15
Committee: AFET
Amendment 474 #

2019/2176(INI)

Motion for a resolution
Paragraph 25
25. Recalls the laudable role played by Turkey in responding to the migration crisis resultinghosting refugees from the war in Syria; takes the view that the EU should continue to give the necessary support to Syrian refugees and host communities in Turkey; supports an objective assessment of the EU-Turkey Statement and underlines the importance of both parties’ compliance with their respective commitments; however at the same time criticises the resettlement of Syrian refugees to Turkish-occupied regions in the North of Syria, from which the local Syrian population was previously displaced and is now prevented from returning; refugees must not be brought back to Syria against their will, nor must they be used to carry out demographic engineering against the Kurdish and Christian population in the North of Syria.
2020/12/15
Committee: AFET
Amendment 499 #

2019/2176(INI)

Motion for a resolution
Paragraph 25 a (new)
25a. Deplores the negative role of Turkey, threatening regional peace and stability in the Eastern Mediterranean, Middle East and South Caucasus and its role in conflicts in Syria, Iraq, Libya and in Nagorno-Karabakh;
2020/12/15
Committee: AFET
Amendment 506 #

2019/2176(INI)

Motion for a resolution
Paragraph 26
26. Stresses that a modernisation of the Customs Union could be beneficial for both parties and would keep Turkey economically and normatively anchored to the EU; reiterates that this would need to be based on strong conditionality related to human rights and, fundamental freedoms, respect of the international law and good neighbourly relations; highlights that it seems unrealistic to envisage any modernisation of the Customs Union given the current circumstancsituation in human rights inside the country and its destabilising foreign policy; deplore the continuous violations of the current framework and the calls to boycott on EU Member States; recalls that the current Customs Union will not achieve its full potential until Turkey fully implements the Additional Protocol in relation to all Member States, which should be a precondition for the opening of the negotiations for the modernisation;
2020/12/15
Committee: AFET
Amendment 507 #

2019/2176(INI)

Motion for a resolution
Paragraph 26
26. Stresses that a potential modernisation of the Customs Union could be beneficial for both parties provided that it is implemented vis-à-vis all Member States, including the Republic of Cyprus, in a non-discriminatory manner and would keep Turkey economically and normatively anchored to the EU; reiterates that this would need to be based on strong conditionality related toincluding human rights and fundamental freedoms and its non- discriminatory implementation vis-à-vis all MS; highlights that it seems unrealistic to envisage any modernisation of the Customs Union given the current circumstances; recallgrets that the current Customs Union will not achieve its full potential until Turkey fully and effectively implements the Additional Protocol in relation to all Member States in a non- discriminatory manner, which is a prerequisite for the opening of the negotiations for the modernisation;
2020/12/15
Committee: AFET
Amendment 521 #

2019/2176(INI)

Motion for a resolution
Paragraph 26 a (new)
26a. Reiterates its call on Turkey to comply with the Declaration by the European community and its member states of 21 September 2005 which was adopted following the declaration made by Turkey upon signature on 29 July 2005 of the Ankara Protocol and to fulfil its obligation of full, non-discriminatory implementation of the Additional Protocol to the EC-Turkey Association Agreement vis-à-vis all Member States, including the Republic of Cyprus, regrets that Turkey has still not made progress towards the normalization of its relations with the Republic of Cyprus; reiterates that recognition of all Member States is a necessary component of the accession process, of Customs Union and of every agreement between the EU and Turkey and calls for progress without any further delay;
2020/12/15
Committee: AFET
Amendment 526 #

2019/2176(INI)

Motion for a resolution
Paragraph 26 b (new)
26b. Deplores Turkey’s continuing refusal to respect the aviation law and establish a channel of communication between air traffic control centres in Turkey and the Republic of Cyprus which entails real safety risks and dangers for the European passengers as identified by the European Aviation Safety Agency (EASA) and International Federation of Air Line Pilots’ Associations and call on Turkey to collaborate by respecting the EU aviation law;
2020/12/15
Committee: AFET
Amendment 528 #

2019/2176(INI)

Motion for a resolution
Paragraph 26 c (new)
26c. Urges Turkey to act in a spirit of solidarity without discrimination during the pandemic and regrets that Turkish authorities have denied entry into its airspace of a Cyprus-bound flight with medical equipment;
2020/12/15
Committee: AFET
Amendment 533 #

2019/2176(INI)

Motion for a resolution
Paragraph 27
27. Is deeply concerned by the ongoing disputeTurkey’s illegal activities in the Eastern Mediterranean and the related risk of a military escalation; strongly condemns the threats of military action against EU Member States by Turkey in the Eastern Mediterranean; strongly condemns Turkey’s illegal activities in Greek and Cypriot watermaritime zones, which violate both the sovereign rights of EU Member States and international law; expresses its full solidarity with Greece and the Republic of Cyprus; urges Turkey to engage in the peaceful settlement of disputes and to refrain from any unilateral and illegal action or threat; calls on Turkey to sign and ratify the United Nations Convention on the Law of the Sea (UNCLOS), which is part of the EU acquis, without further delay; reiterates its call on Turkey to respect the sovereignty and sovereign rights of Member States over their territorial sea and airspace and their lawful right to enter into bilateral agreements and to explore and exploit natural resources in accordance with the EU acquis and international law, including the UN Convention on the Law of the Sea; urges Turkey to engage in the peaceful settlement of disputes and to refrain from any unilateral and illegal action or threat; in this respect, welcomes the invitation by the Government of Cyprus to Turkey to negotiate in good faith the maritime delimitation between their relevant coasts, including by having recourse, to the International Court of Justice and calls on Turkey to accept Cyprus’ invitation;
2020/12/15
Committee: AFET
Amendment 537 #

2019/2176(INI)

Motion for a resolution
Paragraph 27
27. Is deeply concerned by the ongoing dispute in themultiple NAVTEXs issued by Turkey for exploration in Eastern Mediterranean and, in the relatedcontinental shelf off the Greek island of Kastelorizo, increasing the risk of a military escalation; condemns Turkey’s illegal activities in Greek and Cypriot waters, which violate both the sovereign rights of EU Member States and international law; Strongly condemns the repeated violations of the Greek territorial waters and national airspace, including the overflights of inhabited islands in the Aegean sea and over the region of Evros; expresses its full solidarity with Greece and the Republic of Cyprus; urges Turkey to engage in the peaceful settlement of disputes and to refrain from any unilateral and illegal action or threat; reiterates its regret that the casus belli threat declared by the Grand National Assembly of Turkey in 1995 against Greece, in case has not yet been withdrawn and it is repeated in relation to the possible extension of the Greek territorial waters in the Aegean Sea;
2020/12/15
Committee: AFET
Amendment 548 #

2019/2176(INI)

Motion for a resolution
Paragraph 27 a (new)
27a. Reiterates that the European Council of 1 and 2 October 2020 recalled to Turkey that the EU will use all the instruments and the options at its disposal, including of imposing a sanctions’ regime on Turkey , in accordance with Article 29 TEU and Article 215 TFEU, in order to defend its interests and those of its Member State; recalls the Council Conclusions of 14 October 2019 calling the Member States to take strong national positions regarding their arms export policy to Turkey on the basis of the provisions of Common position 2008/944/CFSP, including the strict application of criterion 4 on regional stability and calls to consider introducing an initiative in the Council for all EU Member States to halt arms export licensing to Turkey in accordance with this Common Position; reiterates its call on the VP/HR for as long as Turkey continues with its current illegal, unilateral actions in the Eastern Mediterranean that run counter to the sovereignty of any EU Member State and international law, and does not engage in dialogue based on international law, to introduce an initiative in the Council for all EU Member States to halt arms export for all types of military equipment, including weapons, weapons for dual-use goods and know-how, to Turkey in accordance with the Common Position;; Calls on the NATO leadership to communicate in the strongest terms to Turkey that it will not tolerate the country’s aggressive acts against fellow NATO members;
2020/12/15
Committee: AFET
Amendment 558 #

2019/2176(INI)

Motion for a resolution
Paragraph 28
28. Condemns the partial illegal reopening of Varosha beach, which undermines mutual trust and therefore the prospect of the resumption of direct talks on the comprehensive resolution of the Cyprus issue; calls on Turkey to reverse this action; reiterates its support for a fair, comprehensive and viable settlement on the basis of a bi-communal, bi-zonal federation with political equalitycalls on Turkey to withdraw its troops from Cyprus, to transfer the Varosha area to its lawful inhabitants under the temporary administration of the UN in accordance with UNSC Resolution 550 (1984), and to refrain from any actions altering the demographic balance on the island through a policy of illegal settlements; reiterates its call on Turkey, to commit and contribute to a comprehensive settlement in line with United Nations Security Council relevant resolutions; reiterates its support for a fair, comprehensive and viable settlement of the Cyprus problem within the UN framework and in accordance with the relevant UNSC resolutions, international law and in line with the EU acquis and the principles on which the EU is founded;
2020/12/15
Committee: AFET
Amendment 568 #

2019/2176(INI)

Motion for a resolution
Paragraph 28
28. Condemns the partial reopening of Varosha beach, which undermines mutual trust and therefore the prospect of the resumption of direct talks on the comprehensive resolution of the Cyprus issue; calls on Turkey to reverse this action and to refrain from provoking nationalist sentiments; reiterates its support for a fair, comprehensive and viable settlement on the basis of a bi-communal, bi-zonal federation with political equality;
2020/12/15
Committee: AFET
Amendment 576 #

2019/2176(INI)

Motion for a resolution
Paragraph 28 a (new)
28a. Praises the important work of the Committee on Missing Persons (CMP) and calls on Turkey to allow unconditional and full access to military zones and all relevant sites and to provide proprio motu with all relevant information from its military and other archives without delay, thus maximising the effectiveness of the excavations conducted by the CMP;
2020/12/15
Committee: AFET
Amendment 580 #

2019/2176(INI)

Motion for a resolution
Paragraph 28 b (new)
28b. Reiterates relevant ECtHR decisions and calls on the Turkish Government to immediately stop the violation of the human rights of the Cypriot citizens and stop depriving them of the enjoyment and exercise of their property, religious and other human rights stemming from the constitutional order of the Republic of Cyprus and the acquis communautaire, as well as the fundamental principles and values of the EU;
2020/12/15
Committee: AFET
Amendment 584 #

2019/2176(INI)

Motion for a resolution
Paragraph 29
29. Strongly condemns the Turkish military interventions in Syria, especially in the northeast and Idlib, which constitute grave violations of international law, and are undermining the stability and security of the region as a whole; strongly condemns the recruitment and transfer by Turkey of foreign terrorist fighters from northern Syria in order to fight as mercenaries in Libya and Nagorno- Karabakh;
2020/12/15
Committee: AFET
Amendment 592 #

2019/2176(INI)

Motion for a resolution
Paragraph 29
29. Strongly condemns the Turkish military interventions in Syria, especially in the northeast and Idlib, which constitute grave violations of international law and calls on the Turkish government to end its illegal occupation of northern Syria and Afrin and withdraw its military and paramilitary proxy forces;
2020/12/15
Committee: AFET
Amendment 595 #

2019/2176(INI)

Motion for a resolution
Paragraph 29
29. Strongly condemns the Turkish military interventions in Syria, especially in the northeast and Idlib, Afrin, Ras al- Ayn/Sere Kaniye and Tal Abyad which constitute grave violations of international law;
2020/12/15
Committee: AFET
Amendment 599 #

2019/2176(INI)

Motion for a resolution
Paragraph 29 a (new)
29a. calls on the Turkish government to end its illegal occupation of northern Syria and withdraw its military and paramilitary proxy forces.
2020/12/15
Committee: AFET
Amendment 601 #

2019/2176(INI)

Motion for a resolution
Paragraph 30
30. Calls on Turkey to remain committed to the peaceful resolution of the conflict in Libya under the auspices of the UN, and to fully adhere to the arms embargo imposed by the UN Security Council; regrets that in at least two instances Turkey has denied the personnel of EUNAVFOR MED Irini to inspect ships travelling from Turkey to Libya; recalls that all candidate countries should align their foreign policy with the EU’s foreign and security policy and not to actively work against it; Strongly condemns the signature of the two Memorandums of Understanding between Turkey and Libya on the delimitation of maritime zones and on comprehensive security and military cooperation, which are interconnected and are in clear violation of both international law and the UN Security Council resolution imposing an arms embargo on Libya;
2020/12/15
Committee: AFET
Amendment 614 #

2019/2176(INI)

Motion for a resolution
Paragraph 30 – subparagraph 1 (new)
Reiterates relevant ECtHR decisions and calls on the Turkish Government to immediately stop the violation of the human rights of the Cypriot citizens and stop depriving them of the enjoyment and exercise of their property, religious and other human rights stemming from the constitutional order of the Republic of Cyprus and the acquis communautaire, as well as the fundamental principles and values of the EU;
2020/12/15
Committee: AFET
Amendment 632 #

2019/2176(INI)

Motion for a resolution
Paragraph 31
31. Regrets that, rather than calling for an end to the violence and for a resumption of peaceful negotiations supporting the efforts of the Organization for Security and Co-operation in Europe (OSCE) Minsk Group, Turkey instead decided to unconditionally sustain the military actions of one of the sides in the recent conflict in Nagorno-Karabakhe destabilising role of Turkey in the recent conflict in Nagorno- Karabakh where unconditionally military supported Azerbaijan providing technical support, unmanned combat aerial vehicle (UCAV) and transporting foreign terrorist fighters from northern Syria in order to fight as mercenaries; regrets its willingness to destabilise the OSCE Minsk Group;
2020/12/15
Committee: AFET
Amendment 641 #

2019/2176(INI)

Motion for a resolution
Paragraph 31 a (new)
31a. Stresses that Turkey’s direct engagement in support of Azerbaijan, in the context of the Nagorno-Karabakh conflict, goes beyond its geo-economic interests and reflects a more ambitious geopolitical agenda, as is the case with Turkey’s actions in Libya and Syria, and notes with concern that Turkey’s continuous and growing distancing from European values and standards has brought EU-Turkey relations to a historic low point;
2020/12/15
Committee: AFET
Amendment 657 #

2019/2176(INI)

Motion for a resolution
Paragraph 32
32. Regrets that Turkey has become from a partner to an instability factor in the EU Neighbourhood; Believes that it is high time to review the EU’s relations with Turkey and to define a comprehensive, unified and coherent strategy for the medium to long term, among all EU institutions and Member States;
2020/12/15
Committee: AFET
Amendment 667 #

2019/2176(INI)

Motion for a resolution
Paragraph 32 – subparagraph 1 (new)
Reiterates its calls on the VP / HR, for as long as Turkey continues with its current illegal, unilateral actions and aggressive and expansionist foreign policy, including in the Eastern Mediterranean that run counter to the sovereignty of any EU Member State (notably Greece and Cyprus) and international law, and does not engage in dialogue based on international law, to introduce an initiative in the Council for all EU Member States to halt arms export for all types of military equipment, including weapons, weapons for dual-use goods and know-how, to Turkey in accordance with the Common Position; recalls that Member States committed to strong national positions regarding their arms export policy to Turkey on the basis oft he provisions of Common Position 2008/944/CFSP, including the strict application of criterion 4 on regional stability;
2020/12/15
Committee: AFET
Amendment 683 #

2019/2176(INI)

Motion for a resolution
Paragraph 33
33. Takes the view that enhancing communication and dialogue at all levels are key to restoring mutual trust between the EU and Turkey; deplores the continuous and unjustified refusal of the Turkish side to reinstate the normal functioning of the EU- Turkey Joint Parliamentary Committee;
2020/12/15
Committee: AFET
Amendment 685 #

2019/2176(INI)

Motion for a resolution
Paragraph 33 – subparagraph 1 (new)
Deplores the fact that despite the efforts for de-escalation, Turkey continues its unilateral provocative actions, violating international law and the sovereign rights of EU Member States; reiterates its calls on the Council to impose sanctions on Turkey including by targeting the economic and energy sector, and in the absence of any progress to consider the full suspension of the EU-Turkey customs union;
2020/12/15
Committee: AFET
Amendment 200 #

2019/2136(INI)

Motion for a resolution
Paragraph 14
14. Notes that if/when Brexit takes place, Parliament’s Committee on Foreign Affairs, as the leading committee responsible for political relations with third countries, should be given all the necessary information by the EU executive to enable it, together with all other competent committees, to scrutinise, on behalf of the Parliament, the negotiation process in line with Article 218 of the Treaty on the Functioning of the European Union (TFUE) and to provide timely input on the future agreement(s) with the United Kingdom, which will require Parliament’s consent; stresses the importance of future cooperation between the European Union and the United Kingdom in the area of the CFSP and the CSDP and recognises the need to find creative solutions;
2019/11/13
Committee: AFET
Amendment 297 #

2019/2136(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Urges the Member States to fully comply with the Council Common Position 2008/944/CFSP on the control of arms exports and to impose an arms embargo to Turkey following its illegal invasion to Northern Syria and its illegal actions in the Eastern Mediterranean and especially within the exclusive economic zone and territorial waters of the Republic of Cyprus;
2019/11/13
Committee: AFET
Amendment 302 #

2019/2136(INI)

Motion for a resolution
Paragraph 20
20. Reiterates its call to explore the establishment of a European Security Council that would improve the decision- making process and lead to more effective intergovernmental cooperation in this field;deleted
2019/11/13
Committee: AFET
Amendment 35 #

2019/2135(INI)

Motion for a resolution
Paragraph 2
2. Considers that instability and unpredictability on the Union’s borders and in its immediate neighbourhood (north Africa, the Middle East, Ukraine, the Caucasus, the Balkans, Eastern Mediterranean etc.) pose a direct threat to the security of the continent; stresses the inextricable link between internal and external security;
2019/11/12
Committee: AFET
Amendment 48 #

2019/2135(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. Expresses serious concerns over Turkey's overall destabilizing behavior, including its illegal activities within Cyprus’ EEZ/continental shelf, which violates International Law and good neighbourly relations and threatens peace and stability in an already fragile region;
2019/11/12
Committee: AFET
Amendment 61 #

2019/2135(INI)

Motion for a resolution
Paragraph 4 a (new)
4 a. Recalls the importance of ensuring the coherence of EU policy as regards situations involving the occupation or annexation of territory;
2019/11/12
Committee: AFET
Amendment 86 #

2019/2135(INI)

Motion for a resolution
Paragraph 7
7. Is convinced that the response to the Union’s security challenges lies primarily in strengthening its strategic autonomy; therefore, supports moving ahead on security and defence integration, including, in the long term, the creation of a common European Army;
2019/11/12
Committee: AFET
Amendment 88 #

2019/2135(INI)

Motion for a resolution
Paragraph 7
7. Is convinced that the response to the Union’s security challenges lies primarily in strengthening its strategic autonomy; stresses that energy security is an important component in achieving strategic autonomy;
2019/11/12
Committee: AFET
Amendment 234 #

2019/2135(INI)

Motion for a resolution
Paragraph 26
26. Recalls the importance of organising joint training and exercises between European armed forces, thereby promoting interoperability, with a view to maximising mission preparedness and addressing a broad range of threats, both conventional and non-conventional; welcomes in that respect the European Initiative for the Exchange of Military Young Officers (Military Erasmus - EMILYO), operated by the European Security and Defence College, which aims to enable the national military education and training institutions to explore possibilities for quantitative and qualitative exchange of Knowledge and know-how;
2019/11/12
Committee: AFET
Amendment 284 #

2019/2135(INI)

Motion for a resolution
Paragraph 35
35. Believes that the implementation of CSDP missions and operations must be backed up by flexible instruments in order to make it easier for the Union and its Member States to commit to ensuring European strategic autonomy, in the service of the stability of the European continent; stresses, in this connection, the effectiveness of modular, multipurpose and genuinely operational command structures, such as the European Corps (Eurocorps); notes that the missions of this command structure have been successfully extended and diversified: between 2015 and 2018 the European Corps was deployed four times as part of the EU training missions in Mali and the Central African Republic (EUTM Mali and EUTM RCA); calls on the Member States and the Commission to follow this example of flexible and operational cooperation, which has already proved valuable and effective; believes that the set up of an EU Operational Headquarters as a could be a good step for the effective planning, command and control of common operations;
2019/11/12
Committee: AFET
Amendment 365 #

2019/2135(INI)

Motion for a resolution
Paragraph 45
45. Questions the slow start-up of the 34 projects and the delays to the launch of a third wave of 13 projects, given that none are as yet up and running; notes that only four projects will reach their initial operational capacity in 2019; highlights the lack of ambition and scale of some projects, which do not address the most obvious capability gaps, particularly those in the first wave, which are primarily capability projects involving as many Member States as possible; notes that the desired inclusion of participation in PESCO projects should not jeopardise a high level of ambition on the part of the participating Member States; considers that the involvement of third countries and the entities of third countries’ involvement should be subject to stringent conditions and based on established and effective reciprocity; calls on the Member States to submit projects with a strategic European dimension, thereby strengthening the European Defence Technological and Industrial Base (EDTIB), which is an essential part of the strategic autonomisation process and relates more to the operational side in order to respond directly to the operational needs of European armed forces;
2019/11/12
Committee: AFET
Amendment 375 #

2019/2135(INI)

Motion for a resolution
Paragraph 46
46. Stresses the still virtual nature of the European Defence Fund; points out that that this instrument has not yet been finally approved, with only partial and political agreement having been given in April 2019; stresses the importance of maintaining Parliament’s position concerning the amount of the EDF, the involvement of third countries and the establishment of an appropriate intellectual property policy in relation to security and defence in order to protect research results; draws attention, in that connection, to the highly sensitive and strategic nature of defence research, both for industrial competitiveness and for the strategic autonomy of the Union; calls for the initial lessons learned from the implementation of the EDIDP (in particular concerning the application of derogations for eligible entities), the pilot project and the preparatory action on defence research to be properly taken into account; calls on the Member States to be fully involved in the decision-making process in order to avoid bureaucratic excesses and to ensure that the programmes included address the strategic needs of the CSDP and the Member States; considers that the success of the EDF will depend on its ability to cater for the specific defence needs of the participating states and to guarantee the availability of sufficient budgetary resources, whilst ensuring that industrial know-how is not duplicated, national defence investment is not crowded out and cooperation does not become over-complicated; considers that developing the European defence industry by regulating access for entities controlled by non-EU third parties to projects financed by the Fund is fully consistent with the European ambition of strategic autonomy and does not contravene the security and defence interests of the EU and its Member States;
2019/11/12
Committee: AFET
Amendment 443 #

2019/2135(INI)

Motion for a resolution
Paragraph 57
57. Draws attention to NATO’s fundamental role in collective defence, as explicitly recognised in the Treaty on the Functioning of the European Union; believes that the EU-NATO partnership is essential for addressing the security challenges facing Europe and its neighbourhood; believes that EU-NATO cooperation should be complementarymutually reinforcing and takes full account of each of the two institution’s specific features and roles and should continue to take place in full respect of the principles of inclusiveness, reciprocity and decision- making autonomy of both organizations;
2019/11/12
Committee: AFET
Amendment 453 #

2019/2135(INI)

Motion for a resolution
Paragraph 58
58. Notes the importance of the EU-UN partnership in the resolution of international conflicts in the framework of existing agreed negotiating formats based on the norms and principles of international law, UN Charter and OSCE 1975 Helsinki Final Act and peace- building activities; calls on both organisations to further coordinate their efforts in areas where they deploy major civilian and military missions, in order to avoid duplication and optimise synergies;
2019/11/12
Committee: AFET
Amendment 78 #

2019/2131(INI)

6. Calls on the Commission to adopt a more favourable approach to industrial cooperation in order to foster the emergence of European leaders that are globally competitive;deleted
2020/01/10
Committee: ECON
Amendment 137 #

2019/2131(INI)

Motion for a resolution
Paragraph 8 a (new)
8 a. Stresses that, by enabling personalised micro-targeted advertisements personal and behavourial data provide an important source of revenue for platforms; considers that such micro-targeting puts market power in the hands of the few platforms holding most personal data and, when it concerns political advertisements, endangers the functioning of our democracy by strengthening echo chambers and; calls on the Commission to draft legislation that severely constrains personalized and behavioural targeted advertisement;
2020/01/10
Committee: ECON
Amendment 152 #

2019/2131(INI)

Motion for a resolution
Paragraph 9 a (new)
9 a. Recalls that abuse of market power can take place even when products or services are supplied for free; believes that the passing on of private data to third parties for marketing or commercial purposes is frequently done without the consumer’s proper consent, as alternatives to sharing data are often not provided; considers that in the digital economy, the concentration of data in a small number of companies leads to market failures, excessive rent extraction and a blocking of new entrants; calls on the Commission to consider the structural unbundling of digital monopolies to restore competition and a level playing field in the European digital market;
2020/01/10
Committee: ECON
Amendment 175 #

2019/2131(INI)

Motion for a resolution
Paragraph 12
12. Draws the Commission’s attention to recent acquisitions by foreign monopolies of digital operators of health and educational data and the privacy risks involved, over and above the damaging effects of these transactions on competition and calls on the Commission to prevent competition amongst companies to gather personal health and educational data;
2020/01/10
Committee: ECON
Amendment 185 #

2019/2131(INI)

Motion for a resolution
Paragraph 13
13. Stresses that, while intermediation platforms play a major role in access to consumers for online services, some abuse their privileged position by acting as gatekeepers; calls on the Commission to give explicit attention in its competition policy to these gatekeepers and to conclude its preliminary investigation into Spotify’s complaint about Apple’s anticompetitive practices and to launch a formal procedure as soon as possible;
2020/01/10
Committee: ECON
Amendment 207 #

2019/2131(INI)

Motion for a resolution
Paragraph 15
15. Points out that the heavy fines imposed are often discounted in advance by businesses and ultimately passed on to consumers; calls on the Commission to impose a new framework for fines, including the possibility of data fines which obliges companies to open source a specific percentage of their raw anonymised data in order to generate more competition;
2020/01/10
Committee: ECON
Amendment 263 #

2019/2131(INI)

Motion for a resolution
Paragraph 20
20. Reiterates that taxation is sometimes used to grant indirect State aid, creating an uneven playing field in the internal market; and promulgating a race to the bottom in corporate taxation levels; calls upon the Commission to be particularly strict in investigating tax benefits to multinational corporations;
2020/01/10
Committee: ECON
Amendment 293 #

2019/2131(INI)

Motion for a resolution
Paragraph 22
22. Calls on the Commission to examine the discrepancies between the rules on State aid in the area of liquidation aid and the resolution regime under the Bank Recovery and Resolution Directive, and following that to revise its 2013 Banking Communication accordingly; taking into account the need to allow for the orderly resolutions for struggling, systemically important banks;
2020/01/10
Committee: ECON
Amendment 308 #

2019/2131(INI)

Motion for a resolution
Paragraph 24
24. Calls on the Commission to report regularly to Parliament and on its website on the implementation and monitoring of cooperation agreements with reference to competition and to involve it in its international activity;
2020/01/10
Committee: ECON
Amendment 316 #

2019/2131(INI)

Motion for a resolution
Paragraph 25
25. Stresses the desire for a greater role for Parliament in determining and developing competition policy, along the lines of that played by the US Congress, which even has the power to launch investigations;
2020/01/10
Committee: ECON
Amendment 325 #

2019/2131(INI)

Motion for a resolution
Paragraph 27
27. Calls on the Commission to organise multisectoral and interinstitutional forums involving national regulators and national consumer groups and mediators of individual data (such as union-like organizations) to decompartmentalise competition policy;
2020/01/10
Committee: ECON
Amendment 327 #

2019/2131(INI)

Motion for a resolution
Paragraph 27 a (new)
27 a. Stresses that the current complaint form for state aid cases asks for many specific details on when state aid has been accorded, which ordinary citizens can’t possibly know and therefore calls on the Commission to simplify the complaint form, in order to give ordinary citizens the possibility to send in complaints;
2020/01/10
Committee: ECON
Amendment 329 #

2019/2131(INI)

Motion for a resolution
Paragraph 27 b (new)
27 b. Regrets the lack of information provided during the Commission’s investigation of submitted complaints; calls on the Commission to give the complainant a confirmation of receipt as well as a notification upon the launch of the investigation, including an expectation of the length of the investigation;
2020/01/10
Committee: ECON
Amendment 92 #

2019/2129(INI)

Motion for a resolution
Paragraph 4 a (new)
4a. Stresses the importance of facilitating the access to credit for Micro, Small and Medium-sized Enterprises (MSMEs), in particular in the light of the slow improvement in their financial situation; calls for further efforts to ensure the financing of the real economy;
2019/11/15
Committee: ECON
Amendment 103 #

2019/2129(INI)

Motion for a resolution
Paragraph 5 – indent 1
- The deepening of the European Monetary Union, including a fiscal capacity for the euro area able to providing a counter-cyclical stabilisation function, namely the unemployment reinsurance scheme, supported by the [incoming] President of the European Commission;
2019/11/15
Committee: ECON
Amendment 114 #

2019/2129(INI)

Motion for a resolution
Paragraph 5 – indent 2
- The completion of the banking union, including the implementation of the backstop for the Single Resolution Fund and a fully mutualised European deposit insurance scheme that would reduce risks, promote fair competition, facilitate the expansion of pan-European banking and reinforce the stability of the euro area as a whole;
2019/11/15
Committee: ECON
Amendment 160 #

2019/2129(INI)

Motion for a resolution
Paragraph 8
8. Notes that the negative effects on banks’ net interest income have been counterbalanced so far by the benefits from more bank lending and lower costs for provisions and losses; notes that banks’ profitability has increased steadily since 2012, with return on equity surpassing 6% since 2017.
2019/11/15
Committee: ECON
Amendment 239 #

2019/2129(INI)

Motion for a resolution
Paragraph 14
14. Is extremely worried about the risks due to the delay in setting up the banking union, and calls for the swift completion of the banking union with a fully mutualised European deposit guarantee scheme and the implementation of the backstop to the Single Resolution Fund;
2019/11/15
Committee: ECON
Amendment 242 #

2019/2129(INI)

Motion for a resolution
Paragraph 14 – point 1 (new)
(1) Calls for accelerated steps to implement a true safe asset for the euro area;
2019/11/15
Committee: ECON
Amendment 244 #

2019/2129(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Stresses that the particular operating principles and the specific mission of the cooperative and mutual banks should be respected and reflected in ECB policies and approaches;
2019/11/15
Committee: ECON
Amendment 1 #

2019/2110(INI)

Motion for a resolution
Citation 24 a (new)
- having regard to the Interinstitutional Proclamation on the European Pillar of Social Rights on the 17th November 2017 in Gothenburg,
2019/09/19
Committee: ECON
Amendment 2 #

2019/2110(INI)

Motion for a resolution
Citation 24 b (new)
- having regards to the report of the European Parliament on financial crimes, tax evasion and adopted on 26 March 2019 (2018/2121(INI)),
2019/09/19
Committee: ECON
Amendment 3 #

2019/2110(INI)

Motion for a resolution
Citation 24 c (new)
- having regards to the Paris Agreements on climate changes in 2015 and the UN 2030 climate and energy framework,
2019/09/19
Committee: ECON
Amendment 5 #

2019/2110(INI)

Motion for a resolution
Citation 24 d (new)
- having regards to UN Agenda 2030 and the SDGs,
2019/09/19
Committee: ECON
Amendment 6 #

2019/2110(INI)

Motion for a resolution
Recital A
A. whereas according to the Commission’s forecasts, the GDP growth rate for 2019 stands at 1.2 % of GDP per capita in the euro area and 1.4 % in the EU28, and is expected to rise to 1.4 % and 1.6 % respectively in 202010, based on the assumption of a status quo in terms of trading patterns between the EU27 and the UK and notwithstanding the mainly negative risks to the global economic outlook; whereas the economic recovery is uneven across the EU; whereas further policy action will nonetheless be required to address unresolved legacies of the global economic crisis; whereas globalisation has not brought the same benefits for all, leading to persistent high levels of income inequality and slow reduction of poverty, needing new efforts to ensure growth and equity; ____________________ 10 Commission’sEuropean Economic Forecast – Summer 2019 (Interim) of 10 July 2019
2019/09/19
Committee: ECON
Amendment 12 #

2019/2110(INI)

Motion for a resolution
Recital C a (new)
Ca. whereas annual revenue losses caused by aggressive corporate tax planning in the EU ranges from EUR 50- 70 billion to EUR 160-190 billion depending on the methodology;
2019/09/19
Committee: ECON
Amendment 13 #

2019/2110(INI)

Motion for a resolution
Recital C b (new)
Cb. whereas latest estimates of tax evasion within the EU point to a figure of approximately EUR 825 billion per year;
2019/09/19
Committee: ECON
Amendment 15 #

2019/2110(INI)

Motion for a resolution
Recital C d (new)
Cd. whereas some assessments of effective tax rates in the EU diverge from 2,2 % to 30 %10b; ____________________ 10bPublic hearing of 24 January 2019 on ‘The Evaluation of the Tax Gap’.
2019/09/19
Committee: ECON
Amendment 16 #

2019/2110(INI)

Ce. whereas despite a small decline in poverty, 113 million remain at risk, far short of the Europe 2020 target, with large imbalances between member states with more than a 1/3 of population in BG, RO and EL and growing in-work poverty (9.6 %);
2019/09/19
Committee: ECON
Amendment 19 #

2019/2110(INI)

Motion for a resolution
Recital D
D. whereas the general government deficit is expected to rise from 0.5 % to 0.9 % in the euro area and from 0.6 % to 1.0 % in the EU28 in 2019, and to remain at that level in 2020; whereas the debt-to- GDP ratio in 2019 stands at 85.8 % in the euro area and 80.2 % in the EU28 and is forecast to decrease to 84.3 % and 78.8 % respectively in 2020; whereas some Member States record high current account surpluses and European macro- economic imbalances are still large;
2019/09/19
Committee: ECON
Amendment 22 #

2019/2110(INI)

Motion for a resolution
Recital E a (new)
Ea. whereas, according to Eurostat and Word Inequality Database, inequality of income distribution in the euro area has increased since the beginning of the financial crisis; whereas tax competition between European states, continually increased, which has undermined the progressivity of taxes increasing the unfair tax burden and undermining public finances;
2019/09/19
Committee: ECON
Amendment 26 #

2019/2110(INI)

Motion for a resolution
Recital F
F. whereas, in the light of the risks of trade tensions between the US and the China alongside the persistent uncertainty related to the withdrawal of the UK from the EU, the global outlook risks bending towards the downside; not to mention the risks of recession and crisis in Germany and the situation in Italy;
2019/09/19
Committee: ECON
Amendment 28 #

2019/2110(INI)

Motion for a resolution
Recital F a (new)
Fa. whereas tax optimization, tax evasion and tax avoidance for the benefit of some large companies and individuals have resulted in billions of euros in lost revenue for public finance management in several Member States at the expense of SMEs and other taxpayers; contributing to increasing inequality and imbalances;
2019/09/19
Committee: ECON
Amendment 32 #

2019/2110(INI)

Motion for a resolution
Recital F b (new)
Fb. whereas the current European Semester is not designed to drive the necessary economic, social and environmental transformations the EU and its Member States are committed to, within the Commission’s 2030 climate target, the UN SDGs and the Paris Agreement;
2019/09/19
Committee: ECON
Amendment 34 #

2019/2110(INI)

Fc. whereas the implementation of the UN SDGs and the Paris Agreement goals requires a comprehensive, broad and long-term EU strategy in which a reformed European Semester needs to be embedded;
2019/09/19
Committee: ECON
Amendment 35 #

2019/2110(INI)

Motion for a resolution
Recital F d (new)
Fd. whereas global CO2 emissions have increased by 55% in 20 years; whereas human activities have altered 75% of the terrestrial environment and 66% of the marine environment; whereas 1 million plant and animal species are threatened with extinction; considering that the value of agricultural production has increased four-fold since 1970; whereas almost half of coral reef cover has disappeared since the 1870s;
2019/09/19
Committee: ECON
Amendment 36 #

2019/2110(INI)

Motion for a resolution
Recital F e (new)
Fe. whereas gaps and labour market segregation remain high throughout the European Union, contributing to gender differences in pay, pensions, decision- making and wealth;
2019/09/19
Committee: ECON
Amendment 48 #

2019/2110(INI)

Motion for a resolution
Paragraph 3
3. Agrees that effectiEmphasizes a low level of public inve structural reforms, accompanied by well-targetedment and a lack of ambitious and socially balanced reforms in some Member States, therefore well-targeted investments and social inclusive and sustainable investments and responsible fiscal policies, continue to provide a successful compass for preparing the EU for its future and present challenges;
2019/09/19
Committee: ECON
Amendment 57 #

2019/2110(INI)

Motion for a resolution
Paragraph 3 a (new)
3a. Recalls the importance of efficient regulation of banking and financial sectors to prevent a new crisis especially in the matter of shadow banking;
2019/09/19
Committee: ECON
Amendment 58 #

2019/2110(INI)

Motion for a resolution
Paragraph 3 b (new)
3b. Highlights, that in order to achieve the implementation of the Commission’s 2030 climate target, it is of importance to transform the European Semester into a tool of boosting social inclusive and sustainable investments and introduce a multi-annual sustainability pact, based on the UN SDGs and underpinned by the European Pillar Social Rights;
2019/09/19
Committee: ECON
Amendment 59 #

2019/2110(INI)

Motion for a resolution
Paragraph 3 c (new)
3c. Calls on the Commission, to enlarge the reference indicators of the European Semester by including social and environmental indicators to be able to take into account the sustainability impact of reforms and fiscal consolidation;
2019/09/19
Committee: ECON
Amendment 71 #

2019/2110(INI)

Motion for a resolution
Paragraph 4
4. Recognises that the average level of debt-to-GDP is projected to decline; notes, however, that the average level still remains significantly above the level required by the Stability and Growth Pact; points out the possibility of rising debt service costs; underlines, therefore, the importance of bringing down overall debt levels, in line with EU fiscal rulescluding private debt;
2019/09/19
Committee: ECON
Amendment 72 #

2019/2110(INI)

Motion for a resolution
Paragraph 4 a (new)
4a Supports flexibility in the implementation of the Stability and Growth Pact as proposed by the Commission in 2015; considers that much more flexibility should be set up to boost investments and ecological transition in the EU; calls, therefore, to reform the Stability and Growth Pact and introduce a Euro area fiscal instrument;
2019/09/19
Committee: ECON
Amendment 91 #

2019/2110(INI)

Motion for a resolution
Paragraph 6
6. RegretsTakes note that the aggregate fiscal stance appears to be mildly expansionary in 2019, while emphasising that the European Fiscal Board considers a neutral stance as more appropriate;
2019/09/19
Committee: ECON
Amendment 104 #

2019/2110(INI)

Motion for a resolution
Paragraph 7 a (new)
7a. Highlights, the importance of socially-balanced and countercyclical fiscal policies for macro-economic stabilisation and as a tool to prevent excessive swings in the financial cycle, in order to make the economy more resilient to disruptions, flanked by socially and environmentally sustainable structural policies and reforms;
2019/09/19
Committee: ECON
Amendment 118 #

2019/2110(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Highlights, however, the persistent structural problem of insufficient economical activities, steaming from a too low level of public and private investments in essential services, social protection and wages, leading to persistent social and regional inequalities;
2019/09/19
Committee: ECON
Amendment 121 #

2019/2110(INI)

Motion for a resolution
Paragraph 8 b (new)
8b. Reminds, that one of the core policy areas of the European Semester and a prerequisite of sustained economic well-being is financial stability; therefore it is essential to ensure that financial institutions are better regulated and supervised both in the Eurozone and all over the EU, to put an end to the era of "too-big-to-fail" and massive bailouts paid for by taxpayers;
2019/09/19
Committee: ECON
Amendment 122 #

2019/2110(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Highlights, however, the persistent structural problem of insufficient economical activities, steaming from a too low level of public and private investments in essential services, social protection and wages, leading to persistent social and regional inequalities.
2019/09/19
Committee: ECON
Amendment 139 #

2019/2110(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Calls on the Member States to set in place proper policies to ensure equal access to education, and to provide investment to ensure equal access to lifelong education and training and to close the gender gap;
2019/09/19
Committee: ECON
Amendment 141 #

2019/2110(INI)

Motion for a resolution
Paragraph 10 b (new)
10b. Is concerned about the extent women are affected by austerity policies, and feminization of poverty; notes that the financial and economic crisis since 2008 hit men harder initially; underlines however, that women were affected more strongly in the long run through cuts in public spending, decreases in generosity in work-life balance policies, failure to close gender and pension pay gap and cutbacks in social security systems;
2019/09/19
Committee: ECON
Amendment 142 #

2019/2110(INI)

Motion for a resolution
Paragraph 10 c (new)
10c. Reminds that all EU countries would benefit from increased fiscal capacity and notes that additional resources can be found through a willing and effective policy against tax fraud and tax avoidance including support for an EU Financial Transactions Tax;
2019/09/19
Committee: ECON
Amendment 143 #

2019/2110(INI)

Motion for a resolution
Paragraph 11
11. Calls on Member States to support and implement EU actions to Aggressive Tax Planning; combat Tax Fraud, Tax Avoidance and Aggressive Tax Planning and anti-money laundering, and in particular, the implementation of the Anti Tax Avoidance Directive (ATAD), so that the EU complies with current international standards; calls on the European Commission to publish a first assessment of the ATAD which should has been transposed since 1 January 2019; demands that such assessment includes an analysis on the level of corporate tax revenues, on tax strategies put in place by multinationals and on growth as well as an assessment of the robustness of implementation against new tax avoidance strategies;
2019/09/19
Committee: ECON
Amendment 144 #

2019/2110(INI)

Motion for a resolution
Paragraph 11
11. Calls on Member States to support and implement EU actions to combat Aggressive Tax Planning; . Reiterates the call of the Parliament and the Commission stating that EU tax policy should not be dependent on a unanimity rule that can be misused for purely national interests, at the expense of the Single Market and other Member States’ needs. A move to qualified majority voting in taxation would enable Member States to control more effectively the part of their sovereignty that they have pooled together in the interests of the Union as a whole and for greater collective and individual results. Invites therefore the Commission to put this statement in practice and make swiftly use of the specific passerelle clause in the Treaties which offers an obvious route to move away from unanimity in the tax area;
2019/09/19
Committee: ECON
Amendment 156 #

2019/2110(INI)

Motion for a resolution
Paragraph 11 a (new)
11a. Welcomes the on-going international negotiations on tax and digitalisation, and in particular, welcomes the Programme of Work to Develop a Consensus Solution to the Tax Challenges Arising from the Digitalisation of the Economy (Programme of Work) as proposed by the Inclusive Framework and the OECD and endorsed by G20 Finance Ministers last June;
2019/09/19
Committee: ECON
Amendment 162 #

2019/2110(INI)

Motion for a resolution
Paragraph 11 b (new)
11b. Remains concerned about the implications of tax competition within the EU and with third countries on the sustainability of tax systems and tax collection, as well as consequences on fiscal capacity and fair competition in the EU Internal Market;
2019/09/19
Committee: ECON
Amendment 163 #

2019/2110(INI)

Motion for a resolution
Paragraph 11 c (new)
11c. Supports the French and German position to have a second pillar in the current Programme of Work aiming at granting taxing rights that would strengthen the ability of jurisdictions to tax profits where the other jurisdiction with taxing rights applies a low effective rate of tax to those profits, by 2020; understand that this would leads to a de facto minimum effective level of taxation worldwide which would mitigate the negative effect of tax competition;
2019/09/19
Committee: ECON
Amendment 166 #

2019/2110(INI)

Motion for a resolution
Paragraph 11 d (new)
11d. Invites the Commission and the Council to look for new resources that would both allow to speed up the needed ecological transition and create fiscal capacity to finance needed social and sustainable investment [including investments in healthcare, education]; welcomes the announcement of the Commission President to propose a Carbon Border Tax and to review the Energy Taxation Directive;
2019/09/19
Committee: ECON
Amendment 169 #

2019/2110(INI)

Motion for a resolution
Paragraph 11 e (new)
11e. Highlights the fact that, in the recent period, real wage growth has lagged behind productivity growth, while improvements have occurred in the labour market; stresses, against this background, the room for wage increases in certain sectors and areas, to ensure good standards of living, taking into account the need to tackle poverty, including growing in-work, inequalities and boost growth;
2019/09/19
Committee: ECON
Amendment 196 #

2019/2110(INI)

Motion for a resolution
Paragraph 13
13. Calls on Member States, while pursuing policies in full respect of the Stability and Growth Pact, to support public and private investment, improve the quality and composition of public finances, and rebuild fiscal buffers, especially in euro area countries with high levels of public debt;
2019/09/19
Committee: ECON
Amendment 211 #

2019/2110(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Stresses that the support for the transition towards a low-carbon and circular economy will create new jobs in services and in the development of new and more sustainable products and markets; stresses that investments to foster such a transition should be significantly increased at both national and EU levels;
2019/09/19
Committee: ECON
Amendment 214 #

2019/2110(INI)

Motion for a resolution
Paragraph 14 b (new)
14b. Calls on the Commission to provide an assessment of the gap between the need for green investments and the concrete realization of these; including an annual analysis of green investment needs; calls for annual monitoring of the implementation of green investments in each Member Stat;.
2019/09/19
Committee: ECON
Amendment 217 #

2019/2110(INI)

Motion for a resolution
Paragraph 14 d (new)
14d. Recalls that the fight against aggressive tax planning strategies is essential to provide fair treatment of taxpayers, safeguard public finances, and preserve social cohesion and fight inequalities;
2019/09/19
Committee: ECON
Amendment 218 #

2019/2110(INI)

Motion for a resolution
Paragraph 14 e (new)
14e. Insists on the need to implement an ambitious pCBCR and CCCTB;
2019/09/19
Committee: ECON
Amendment 219 #

2019/2110(INI)

Motion for a resolution
Paragraph 14 f (new)
14f. Recalls the need to implement the recommendations of the special committee TAXE 3; stresses that the complexity of tax systems can give rise to legal loopholes facilitating tax fraud schemes such as cum-ex;
2019/09/19
Committee: ECON
Amendment 220 #

2019/2110(INI)

Motion for a resolution
Paragraph 14 g (new)
14g. Encourages a stronger coordination and harmonization of taxation with the objective to reduce the differences among Member States over a ten-year period, thus making any possible company relocation unattractive;
2019/09/19
Committee: ECON
Amendment 237 #

2019/2110(INI)

Motion for a resolution
Paragraph 16 a (new)
16a. Insists on the need for the CSR to take due account of the 20 key principles and rights 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 Union;
2019/09/19
Committee: ECON
Amendment 250 #

2019/2110(INI)

Motion for a resolution
Paragraph 17 a (new)
17a. Welcomes that taxation has regularly become part of the proposed country-specific recommendations for many Member States; welcomes in particular the attention given to spillover effects of taxpayers' aggressive tax planning strategies between Member States; calls on the Commission, the Council and concerned Member States to make proposals to counter the mentioned phenomenon;
2019/09/19
Committee: ECON
Amendment 251 #

2019/2110(INI)

Motion for a resolution
Paragraph 17 b (new)
17b. Supports recommendation that invite Member States to ensure a greater stability and fairness of their fiscal capacity and tax collection, such as limiting the scope and number of tax expenditures and broadening the tax base; invites the Commission and the Council to better look at the impact of progressivity of tax systems in that regard;
2019/09/19
Committee: ECON
Amendment 17 #

2019/0273(COD)

Draft legislative resolution
Citation 5 a (new)
- having regard to opinion 2/15 of the European Court of Justice,
2020/06/05
Committee: INTA
Amendment 18 #

2019/0273(COD)

Proposal for a regulation
Citation 1 a (new)
- having regard to opinion 2/15 of the European Court of Justice,
2020/06/05
Committee: INTA
Amendment 19 #

2019/0273(COD)

Proposal for a regulation
Recital 1 a (new)
(1a) Opinion 2/15 of the Court of Justice of the European Union1а provided clarity regarding the question of competences covered by comprehensive trade agreements. That opinion clarifies, inter alia, that provisions covered by Trade and Sustainable Development chapters fall within the exclusive competence of the Union and that the goal of sustainable development forms an integral part of the common commercial policy. __________________ 1а ECLI:EU:C:2017:376.
2020/06/05
Committee: INTA
Amendment 20 #

2019/0273(COD)

Proposal for a regulation
Recital 2 a (new)
(2a) Dispute settlement provisions, including in regional and bilateral trade agreements, might lack the specificity necessary to adjudicate disputes effectively, necessitating a reliance on this Regulation.
2020/06/05
Committee: INTA
Amendment 47 #

2019/0273(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point b a (new)
Regulation (EC) No 654/2014
Article 3 – paragraph 1 – point b c
(ba) the following point (bc) is inserted: (bc) In trade disputes relating to other international trade agreements, including regional or bilateral agreements, if adjudication is not possible, including because of lack of specificity of provisions, leading to a non-functioning dispute settlement procedure.
2020/06/05
Committee: INTA
Amendment 52 #

2019/0273(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 2
Regulation (EU) No 654/2014
Article 4 – paragraph 2 – point b b
(bb) where measures are taken to restrict the trade with a third country in situations under Article 3(aa) or Article 3(bb), such measures shall be commensurate to the nullification or impairment of the Union’s commercial interests caused by the measures of that third country and, as much as possible, provide relief to the Union’s sectors affected;
2020/06/05
Committee: INTA
Amendment 56 #

2019/0273(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 2 a (new)
Regulation (EU) No 654/2014
Article 4 a (new)
(2a) The following article shall be inserted : Article 4a Request by the European Parliament or Member States 1. The European Parliament or Member States may ask the Commission to adopt or take appropriate steps to adopt the implementing acts referred to in Article 4. 2. If the European Parliament or a Member State decides to make use of the possibility referred to in paragraph 1, it shall supply the Commission with any evidence of cases referred to in Article 3 that nullifies or impairs the commercial interests of the Union. 3. After the receipt of a request, the Commission shall inform the European Parliament and Member States without delay of how it intends to follow up on the request.
2020/06/05
Committee: INTA
Amendment 32 #

2019/0161(COD)

Proposal for a regulation
Recital 2
(2) In order to ensure the proper functioning of the Economic and Monetary Union, Member States whose currency is the euro should take measures to enhance the resilience of their economies through target, the cohesion and the sustainability of their economies through targeted sustainable, growth-friendly and socially balanced structural reforms and investment. The Euro Summit of December 2018 mandated the Eurogroup to work on the design, modalities of implementation and timing of a budgetary instrument for competitiveness and convergence for the euro area, which is to be adopted on the basis of the relevant Commission proposal, amended if necessary. To ensure that Member States carry out structural reforms and investment in a consistent, coherent and well- coordinated manner, it is necessary to establish a governance framework to enable the Council to provide strategic orientations on reform and investment priorities to be undertaken within the euro area by the Member States. Such a framework would enhance convergence and competitiveness of the euro area. The Council should also provide country- specific guidance on individual reforms and investment objectives of the Member States whose currency is the euro, which can be supported by the budgetary instrument for convergence and competitiveness. Since such a framework is specific to the Member States whose currency is the euro, only members of the Council representing those Member States should take part in votes under this Regulation aiming to upward socio-economic convergence, it is necessary to establish a governance framework for the budgetary instrument for convergence and competitiveness for the euro area.
2020/05/20
Committee: ECON
Amendment 43 #

2019/0161(COD)

Proposal for a regulation
Recital 3
(3) At the Union level, the European Semester of economic policy coordination is the framework for the identification of national reformThis Regulation addresses the need to establish a framework to define strategic orientations for the reform and investment priorities of the Member States and for the monitoring of the implementation of those priorities. This Regulation addresses the need to establish coherence between the reform and investment priorities for the euro area as a whole and thewhose currency is the euro, in accordance with the EU’s commitment to the 2030 climate targets, the European Pillar of Social Rights (EPSR), the Paris climate agreement and the UNSDGs. This does not preclude the Member States to submit proposals for reforms and investment objectives of the individual Member States whose currency is the euro, and to ensure their consistency with the European Semesterunder this programme consistent with other relevant actions related to the implementation of Union policies.
2020/05/20
Committee: ECON
Amendment 52 #

2019/0161(COD)

Proposal for a regulation
Recital 4
(4) On an annual basis, the Council should and for the purposet out strategic orientationf the allocation process onf the reform and investment priorities for the euro area, as part of the recommendbudgetary instrument of convergence and competitiveness referred to in Regulation (EU) XXXX/XX [Reform and Investment Support Programme Regulation on], the economic policy of the euro area. The strategic orientations should be adopted by the CouncilCouncil should adopt strategic orientations on the reform and investment priorities for the euro area acting by qualified majority on a recommendation from the Commission, and after the Eurogroup has discusscompetent committee of the European Parliament has approved the reforms and investment priorities that it considers relevant and appropriate for inclusion there in. The annual Euro Summit will play its role.
2020/05/20
Committee: ECON
Amendment 89 #

2019/0161(COD)

Proposal for a regulation
Recital 10
(10) In order to enhance the dialogue between the Union institutions, in particular between the European Parliament, the Council and the Commission, and to ensure greater transparency and accountability in that economic and social dialogue, the competent committee of the European Parliament can invite the President of the Council, the Commission and, where appropriate, the President of the Eurogroup, and the social partners to appear before the committee to discuss the measures foreseen and taken pursuant to this Regulation. The Commission should make all relevant information available to the European Parliament and to the Council simultaneously.
2020/05/20
Committee: ECON
Amendment 101 #

2019/0161(COD)

Proposal for a regulation
Article 1 a (new)
Article 1 a The functioning of the BICC needs to be complemented by an euro-area stabilisation instrument to counter economic shocks and strengthening the resilience of the European economy.
2020/05/20
Committee: ECON
Amendment 105 #

2019/0161(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point a
(a) ‘country-specific recommendations’ means the Council recommendations addressed to each Member State in accordance with Article 121(2) and Article 148(4) TFEU in the context of the European Semester of economic policy coordination;deleted
2020/05/20
Committee: ECON
Amendment 106 #

2019/0161(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point b
(b) ‘euro-area recommendation’ means the Council recommendation on the economic policy of the euro area in accordance with Article 136 in conjunction with Article 121(2) TFEU.deleted
2020/05/20
Committee: ECON
Amendment 109 #

2019/0161(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point b a (new)
(b a) ‘Strategic orientations for the reform and investment priorities’ means the sustainable reform and investment priorities for the euro area, in accordance with the EU’s commitment to the 2030 climate targets, the European Pillar of Social Rights(EPSR), the Paris climate agreement and the UN SDGs, adopted jointly by the Council acting by qualified majority and the European Parliament on a recommendation from the Commission, and after consultation with social partners and relevant stakeholders.
2020/05/20
Committee: ECON
Amendment 111 #

2019/0161(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point b b (new)
(b b) 'Sustainable reforms and investment' means lasting reforms and investment aimed at addressing economic, environmental and social challenges, in line with the 2030 climate target, the UN SDGs, the objectives of the European Green Deal or the European Pillar of Social Rights and with a view to enhancing cohesion, convergence, sustainable growth and high-quality job creation in particular in the context of economic governance processes;
2020/05/20
Committee: ECON
Amendment 112 #

2019/0161(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point b c (new)
(b c) 'Convergence' means the development of Member States’ economies towards a sustainable and social inclusive growth path as reflected in the European Green Deal and the EU’s new growth strategy.
2020/05/20
Committee: ECON
Amendment 113 #

2019/0161(COD)

Proposal for a regulation
Article 3 – paragraph 1 – introductory part
This Regulation shall contribute to the upward convergence and competitiveness of the economies of the Member States whose currency is the euro by defining a governance framework relevant for the budgetary instrument for convergence and competitiveness, which sets out:with the view to enhance cohesion and sustainable growth and quality job creation, reduce disparities and to strengthen the resilience of economies by defining a governance framework relevant for the budgetary instrument for convergence and competitiveness, which sets out the strategic orientations for the sustainable reform and investment priorities of the euro area to be addressed through the budgetary instrument for convergence and competitiveness. This does not preclude the Member States to submit proposals for reforms and investment under this programme consistent with other relevant actions related to the implementation of Union policies.
2020/05/20
Committee: ECON
Amendment 125 #

2019/0161(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point b
(b) country-specific guidance on the objectives of reforms and investment relevant for the budgetary instrument for convergence and competitiveness consistent with the country-specific recommendations.deleted
2020/05/20
Committee: ECON
Amendment 132 #

2019/0161(COD)

Proposal for a regulation
Article 4 – paragraph 1
1. On a recommendation from the Commission and after discussion in the Eurogroup, the Council shall establish, as par, the Council and the European Parliament shall establish jointly, on an annual basis, the strategic orientations for the reform and investment priorities of the euro area, taking into account specific social and environmental indicators identified for each Member State in the context of the eEuro-area recommendpean Semester of economic policy coordination, and on an annual basis, the strategic orientations for the reform and investment priorities of the euroiming to upward economic and social convergence and supporting the EU’s climate and social commitment, i.e the implementation of the objectives of the European Green Deal, the European Pillar of Social Right, the UN SDGs and the Paris climate agreaement.
2020/05/20
Committee: ECON
Amendment 149 #

2019/0161(COD)

Proposal for a regulation
Article 5
1. The Council shall, on a recommendation from the Commission, adopt a recommendation addressed to all Member States whose currency is the euro providing, on an annual basis, country- specific guidance on the reform and investment objectives for the purposes of the reform and investment packages, which Member States may subsequently submit under Regulation (EU) XXXX/XX [Reform Support Programme Regulation]. 2. The recommendation referred to in paragraph 1 shall be consistent with the strategic orientations referred to in Article 4 and with the country-specific recommendations for the Member State concerned. In the recommendation referred to in paragraph 1, the Council shall duly take into account any macroeconomic adjustment programme approved in accordance with Article 7(2) of Regulation (EU) No 472/2013.Article 5 deleted Country-specific guidance
2020/05/20
Committee: ECON
Amendment 159 #

2019/0161(COD)

Proposal for a regulation
Article 6 – paragraph 1
Where relevant, bBased on an assessment by the Commission, the recommendation referred to i and taking into account any recommendations of the European pParagraph 1 of Article 5liament adopted pursuant to such Commission’s assessment, it shall be established whether a Member State is experiencing a severe economic downturn, for the purposes of a modulation of national co-financing rates provided for in Regulation (EU) XXXX/XX [Reform Support and Investment Programme Regulation].
2020/05/20
Committee: ECON
Amendment 167 #

2019/0161(COD)

Proposal for a regulation
Article 8 – paragraph 1
In order to enhance the economic and social dialogue between the Union institutions, in particular the European Parliament, the Council and the Commission, and to ensure greater transparency and accountability, the competent committee of the European Parliament may invite the President of the Council, the Commission and, where appropriate, the President of the Eurogroup, and the social partners to appear before the committee to discuss the measures foreseen and taken pursuant to this Regulation. The Commission shall make all relevant information available to the European Parliament and to the Council simultaneously.
2020/05/20
Committee: ECON
Amendment 175 #

2019/0161(COD)

1. By 31 December 2023 and every four years thereafter, the Commission shall publish a report on the application of this Regulation. That report shall assess the effectiveness of this based on the criteria as defined in Regulation (EU) XXXX/XX [Reform and Investment Support Programme Regulation].
2020/05/20
Committee: ECON
Amendment 179 #

2019/0161(COD)

Proposal for a regulation
Article 9 – paragraph 2
2. The Commission shall send the report to the European Parliament and to the Council simultaneously.
2020/05/20
Committee: ECON
Amendment 2 #

2018/2150(INI)

Motion for a resolution
Citation 1
— having regard to its previous resolutions on Turkey, in particular those of 24 November 2016 on EU-Turkey relations1 , of 27 October 2016 on the situation of journalists in Turkey2 , and of 8 February 2018 on the human rights situation in Turkey3 , _________________ 1 2 3[3] and of 13 November 2014 on Turkish actions creating tensions in the exclusive economic zone of Cyprus, _________________ 1 Texts adopted, P8_TA(2016)0450. Texts adopted, P8_TA(2016)0450. 2 Texts adopted, P8_TA(2016)0423. Texts adopted, P8_TA(2016)0423. Texts adopted, P8_TA(2018)0040.
2018/12/17
Committee: AFET
Amendment 6 #

2018/2150(INI)

Motion for a resolution
Citation 3
— having regard to the Presidency conclusions of 13 December 2016 and the Council Conclusions of 26 June 2018, and to the previous relevant Council and European Council conclusions,
2018/12/17
Committee: AFET
Amendment 10 #

2018/2150(INI)

Motion for a resolution
Citation 7
— having regard to the declaration issued by the European Community and its Member States on 21 September 2005, including the provision that the recognition of all Member States is a necessary component of the negotiations, and to the need for Turkey to proceed to the normalization of its relations with all Member States and to fully implement the Additional Protocol to the Ankara Agreement towards all MS, by removing all obstacles to the free movement of goods, withoutincluding restrictions orn means of transport, without prejudice and discrimination,
2018/12/17
Committee: AFET
Amendment 14 #

2018/2150(INI)

Motion for a resolution
Citation 7 a (new)
- having regard to the Fact-finding Visit by the Committee on Petitions to Famagusta, Cyprus (07-08.05.2018),
2018/12/17
Committee: AFET
Amendment 15 #

2018/2150(INI)

Motion for a resolution
Citation 9
— having regard to Article 46 of the European Convention on Human Rights (ECHR), which states that the contracting parties undertake to abide by the final judgments of the European Court of Human Rights (ECtHR) in any case to which they are parties, and to the obligation of Turkey to implement all judgements of the European Courts,
2018/12/17
Committee: AFET
Amendment 18 #

2018/2150(INI)

Motion for a resolution
Citation 9 a (new)
- having regard to Council of Europe Resolution 1625(2008) regarding property and inheritance rights of the Greek Orthodox population and its foundations on the islands of Imvros and Tenedos,
2018/12/17
Committee: AFET
Amendment 20 #

2018/2150(INI)

Motion for a resolution
Citation 9 b (new)
- having regard to its resolution of 15 April 2015 on the centenary of the Armenian genocide,
2018/12/17
Committee: AFET
Amendment 24 #

2018/2150(INI)

Motion for a resolution
Citation 16
— having regard to the Commission recommendation of 21 December 2016 for a Council dDecision authorising the opening of negotiations with Turkey on an aAgreement on the extension of the scope of the bilateral preferential trade relationship and on the modernisation of the Customs Union, as well as the Council Conclusions of 26 June 2018 stating that no further work towards the modernisation of the EU-Turkey Customs Union is foreseen,
2018/12/17
Committee: AFET
Amendment 63 #

2018/2150(INI)

Motion for a resolution
Paragraph 4 a (new)
4 a. Notes with concern that following the introduction of the state of emergency, the asylum applications from Turkish citizens has risen dramatically, resulting in Turkey being the fifth country of origin for asylum applications in EU Member States according to the European Asylum Support Office; underlines that in September 2018 more than 16.000 applications were still waiting a first instance decision;
2018/12/17
Committee: AFET
Amendment 89 #

2018/2150(INI)

Motion for a resolution
Paragraph 6 a (new)
6 a. Deplores the fact that the Venice Commission recommendations on the status of religious communities in Turkey have yet to be implemented; reiterates its call on Turkey to respect the importance of the Ecumenical Patriarchate for Orthodox Christians all over the world, to recognise its legal personality and the public use of the ecclesiastical title of the Ecumenical Patriarch; stresses the need to eliminate restrictions on the training, appointment and succession of clergy, to allow the reopening of the Halki Seminary and lift all obstacles for its proper functioning;
2018/12/17
Committee: AFET
Amendment 97 #

2018/2150(INI)

Motion for a resolution
Paragraph 6 b (new)
6 b. Regrets the fact that the Treasury has appealed favourable decisions for restitution of properties according to the Law on Foundations and most of the appeals against rejected claims are pending either before local courts or at ECHR; calls for the publication of the new electoral regulation for non Muslim foundations, following its annulment in 2013 which has created serious problems to proper administration of these foundations; recalls the need for Turkey to fully implement all recommendations of the Council of Europe Resolution 1625(2008) with particular emphasis on the restitution property rights of the Greek Orthodox population and its foundations on the islands of Imvros and Tenedos, as well as inheritance rights and adopt all necessary positive discrimination measures for assisting the repatriation of all minority families who wish to return to the islands; welcomes the opening in 2017 of the Greek minority pre-school on the island of Imvros preceded by the opening of the primary school in 2013 and of the high school in 2015 which constitute a positive step towards the preservation of the bicultural character of the islands;
2018/12/17
Committee: AFET
Amendment 133 #

2018/2150(INI)

Motion for a resolution
Paragraph 8 a (new)
8 a. Deplores the fact that under the 2011/2012 Instrument for Pre- Accession (IPA) programme, the EU financed the acquisition of Cobra II armoured surveillance vehicles, which are now stationed both in Turkish –Syrian and Turkish Greek borders and calls the Commission to closely monitor the use of the equipment bought under EU programmes;
2018/12/17
Committee: AFET
Amendment 154 #

2018/2150(INI)

Motion for a resolution
Paragraph 11
11. Condemns the continued arrest of Selahattin Demirtas, opposition leader and presidential candidate; pledges to continue to follow his case very closely and calls for his immediate and unconditional release; expectscalls on Turkey to fully implement the decision of the European Court of Human Rights to deliver without dwhich ordered to immediatelay its final judgement in the caserelease him from prison;
2018/12/17
Committee: AFET
Amendment 174 #

2018/2150(INI)

Motion for a resolution
Paragraph 13
13. Calls on the Commission and the Member States, taking all of the above into account andTaking all of the above into account, calls on the Commission and the Council of the European Union, in accordance with the Negotiating Framework, to formally suspend the accession negotiations with Turkey till Turkey complies with the Copenhagen criteria and fully implement its contractual obligations towards all MSs, including the Additional Protocol to the EC-Turkey Association Agreement vis-à- vis the Republic of Cyprus; remains, however, committed to democratic dialogue with Turkey; asks the Commission to use, during the formal suspension of negotiations, all funds available under IPA II and the future IPA III to support, through a dedicated envelope directly managed by the EU, Turkey’s civil society, and to increase opportunities for people-to-people contacts, academic dialogue, access for Turkish students to European universities and media platforms for journalists;
2018/12/17
Committee: AFET
Amendment 182 #

2018/2150(INI)

Motion for a resolution
Paragraph 14
14. Notes that while the EU accession process was at its start a strong motivation for reforms in Turkey, there has been a stark regression in the areas of the rule of law and human rights during the last few years; recalls that Parliament repeatedly called for the opening of Chapter 23 on Judiciary and Fundamental Rights and Chapter 24 on Justice, Freedom and Security at a time whe and repeats its calls on the Turkish government had pledged to conduct serious reforms; regrets deeply that the accession instruments could not be used to the fullest extent owing to a continued blockage by the Council;
2018/12/17
Committee: AFET
Amendment 192 #

2018/2150(INI)

Motion for a resolution
Paragraph 14 a (new)
14 a. Calls on the European Council for a EU embargo on arms sales to Turkey as a response to its expansionary and repressive policy outside of Turkey;
2018/12/17
Committee: AFET
Amendment 199 #

2018/2150(INI)

Motion for a resolution
Paragraph 15
15. BelievStresses that a door should be left openprerequisite for the modernisation and upgrading of the 1995 Customs Union between the EU and Turkey, to include relevant areas such as agriculture, services and public procurement, which currently are not covered; recalls that two thirds of Foreign Direct Investment (FDI) in Turkey comes from EU Member States and that Turkey is an important growth market for the EU; believes that the upgrade would provide a valuable opportunity for democratic conditionality, positive leverage and the possibility of a roadmap where upgrading the Customs Union would go hand in hand with concrete commitments by Turkey on democratic reformis that Turkey proceeds to the full, effective and non-discriminatory implementation of the existing Customs Union vis-à-vis all MS, including the Republic of Cyprus; believes further that the upgradinge of the Ccustoms Uunion wcould provide an important opportunity for policy dialogue on climate change as well as on labour rights in Turkey; calls on the Commission to start preparatory work for the upgrading of the Customs Union as soon as the Turkish Government indicates its readiness for serious reformsReminds that EU trade agreements shall always be in line with EU principles on human rights, democracy and the rule of law;
2018/12/17
Committee: AFET
Amendment 233 #

2018/2150(INI)

Motion for a resolution
Paragraph 17
17. Notes that visa liberalisation is of great importance for Turkish citizens, particularly for students, academics, business representatives, and people with family ties in EU Mmember Sstates; encouragescalls on the Turkish Government to fullywithdraw unilateral declarations and to fully and in a non-discriminatory manner comply with the 72 criteria identified in the visa liberalisation roadmap, towards all MSs; stresses that the revision of Turkey’s anti- terrorism legislation is a key condition forto ensuring fundamental rights and freedoms, and that visa liberalisation willcould be possible once all the criteria have been met; fully and effectively met, in a non- discriminatory manner, towards all MS, including cooperation on JHA issues and non-discriminatory access to the Turkish territory for the citizens of all EU Member States;
2018/12/17
Committee: AFET
Amendment 251 #

2018/2150(INI)

Motion for a resolution
Paragraph 18
18. Recalls the important role played by Turkey in responding to the migration crisis resulting from the war in Syria; takes the view that Turkey’s population has shown great hospitality by offering shelter to more than 3 million Syrian refugees; calls on the EU and its Member States to keep their promise regarding a large-scale resettlement, and to ensure adequate financial resources for the long-term support of Syrian refugees in Turkey; is concerned that the European Court of Auditors on its last report on 13 November 2018 noted that Turkey refused to share information with the EU auditors regarding the details of the expenditures about the spending of €1.1 billion granted by the EU to Turkey to help Syrian refugees and calls on the Commission to put pressure on Turkish government to make the data on the beneficiaries available before granting the next tranche of the assistance, as per Court’s recommendation;
2018/12/17
Committee: AFET
Amendment 257 #

2018/2150(INI)

Motion for a resolution
Paragraph 18
18. Recalls the important role played by Turkey in responding to the migration crisis resulting from the war in Syria; takes the view that Turkey’s population has shown great hospitality by offering shelter to more than 3 million Syrian refugees; calls on Turkey to implement fully and effectively the EU-Turkey Readmission Agreement and to relaunch without further delay the implementation of the bilateral readmission protocol with Greece; calls on the EU and its Member States to keep their promise regarding a large-scale resettlement, and to ensure adequate financial resources for the long- term support of Syrian refugees in Turkey;
2018/12/17
Committee: AFET
Amendment 269 #

2018/2150(INI)

Motion for a resolution
Paragraph 18 a (new)
18 a. Calls on the Turkish government to cooperate with relevant international organizations, especially the Council of Europe, to respect and fully implement the legal obligations which it has entered into, concerning the protection of cultural heritage, and, in particular, to draw up in good faith an integrated inventory of Greek, Armenian, Assyrian and other cultural heritage that was destroyed or ruined in the course of the last century; calls on Turkey, to prevent and combat illicit trafficking and the deliberate destruction of cultural heritage within Turkey and the occupied part of Cyprus;
2018/12/17
Committee: AFET
Amendment 275 #

2018/2150(INI)

Motion for a resolution
Paragraph 18 a (new)
18 a. Calls on Turkey to further align its foreign policy with that of the EU in accordance with the provisions of the Negotiating Framework;
2018/12/17
Committee: AFET
Amendment 278 #

2018/2150(INI)

Motion for a resolution
Paragraph 18 b (new)
18 b. Calls on the Turkish Government to halt its plans for the construction of the Akkuyu nuclear power plant; points out that the envisaged site is located in a region prone to severe earthquakes, hence posing a major threat not only to Turkey, but also to the Mediterranean region; requests, accordingly, that the Turkish Government join the Espoo Convention, which commits its parties to notifying and consulting each other on major projects under consideration that are likely to have a significant adverse environmental impact across boundaries; asks, to this end, the Turkish Government to involve, or at least consult, the governments of its neighbouring countries, such as Greece and Cyprus, in relation to any further developments in the Akkuyu venture;
2018/12/17
Committee: AFET
Amendment 279 #

2018/2150(INI)

Motion for a resolution
Paragraph 18 b (new)
18 b. Urges Turkey to proceed to a normalization of its relations with Armenia by establishing diplomatic relations without preconditions and calls for the opening of the borders which can lead to the improvement of their relations, with particular reference to cross border cooperation and economic integration; is of the opinion that the recognition of the Armenian genocide by Turkey would represent an important step to come to terms with its past and thus to pave the way for genuine reconciliation between the Turkish and Armenian peoples;
2018/12/17
Committee: AFET
Amendment 286 #

2018/2150(INI)

Motion for a resolution
Paragraph 18 c (new)
18 c. Stresses that Turkey needs to commit itself unequivocally to good neighbourly relations, according to international agreements, including the UN Convention on the Law of the Sea, which is part of the EU acquis, the United Nations Charter and having recourse, if necessary, to the International Court of Justice; underlines that recognition of all Member States is a necessary component of the accession process;
2018/12/17
Committee: AFET
Amendment 287 #

2018/2150(INI)

Motion for a resolution
Paragraph 18 c (new)
18 c. Calls on Turkey to cooperate with relevant international organizations, especially the Council of Europe, in preventing and combatting illicit trafficking and the deliberate destruction of cultural heritage within Turkey and the occupied part of Cyprus;
2018/12/17
Committee: AFET
Amendment 289 #

2018/2150(INI)

Motion for a resolution
Paragraph 18 d (new)
18 d. Reiterates its call on Turkey to comply with the EU declaration issued on September 21, 2005 and to fulfil its obligation of full, non-discriminatory implementation of the Additional Protocol to the EC-Turkey Association Agreement vis-à-vis all Member States, including the Republic of Cyprus, regrets that Turkey has still not made progress towards the normalization of its relations with the Republic of Cyprus; reiterates that recognition of all Member States is a necessary component of the accession process, of Customs Union and of every agreement between the EU and Turkey and calls for progress without any further delay;
2018/12/17
Committee: AFET
Amendment 290 #

2018/2150(INI)

Motion for a resolution
Paragraph 18 e (new)
18 e. Recalls its position adopted in the report on the implementation of the Common Foreign and Security Policy in 2017 about the importance of ensuring the coherence of EU policy as regards situations involving the occupation or annexation of territory; recalls, in this regard, that the immediate withdrawal of Turkish occupation forces and the full restoration of the sovereignty of the Republic of Cyprus, in line with the UNSC resolutions, should be the first step for achieving a long-term political solution, guaranteeing the well-being, security and democratic rights of all Cypriots;
2018/12/17
Committee: AFET
Amendment 301 #

2018/2150(INI)

Motion for a resolution
Paragraph 19
19. Welcomes the efforts by the UN to resume negotiations on the reunification of Cyprus; supports a fair, comprehensive and viable settlement in line with the relevant UN Security Council resolutions, international law and the EU acquis; reiterates its call on Turkey to commit and contribute to a comprehensive settlement, to beginimmediately withdrawing its troops from Cyprus, to transfer the sealed-off area of Famagusta to the UN, and to refrain from actions altering the demographic balance on the island; praises the important work of the Committee on Missing Persons; recognisVarosha to its lawful inhabitants in accordance with UNSC resolution 550 (1984) as an effort to pave the way for a democratic comprehensive settlement, and echoes the rightesults of the Republic of Cyprus to enter into bilateral agreements concerning its exclusive economic zone; urges Turkey to engage in the peaceful settlement of disputes, and to refrain from any threat or action which might have negative effects on good neighbourly relationsFact-finding Visit by the Committee on Petitions to Famagusta; urges Turkey to refrain from actions altering the demographic balance on the island through its policy of illegal settlement;
2018/12/17
Committee: AFET
Amendment 306 #

2018/2150(INI)

Motion for a resolution
Paragraph 19 a (new)
19 a. Expresses concern about the rising tensions in the Aegean and Eastern Mediterranean which are not conducive to good neighbourly relations and undermine regional stability and security; urges the Turkish Government to end the repeated violations of Greek airspace and territorial waters, as well as Turkish military aircraft flights over Greek islands; condemns provocative acts and declarations by Turkish officials, especially the collision of a Hellenic Coast Guard vessel, co-financed with European funds by a Turkish patrol boat, inside the Greek territorial waters of the islets of Imia;
2018/12/17
Committee: AFET
Amendment 308 #

2018/2150(INI)

Motion for a resolution
Paragraph 19 a (new)
19 a. Praises the important work of the Committee on Missing Persons and calls on Turkey to allow unconditional and full access to military zones and all relevant sites and to provide relevant information from its military and other archives, thus maximising the effectiveness of the excavations conducted by the CMP;
2018/12/17
Committee: AFET
Amendment 314 #

2018/2150(INI)

Motion for a resolution
Paragraph 19 b (new)
19 b. Underlines the lawful right of the Republic of Cyprus to enter into bilateral agreements concerning its exclusive economic zone, explore and exploit its natural resources and reiterates its calls on Turkey to show restraint, to refrain from any further threat or action and to respect Cyprus’ sovereignty over its territorial sea and Cyprus’ sovereign rights in its exclusive economic zone; expresses serious concern over Turkey's renewed threats and provocations; urges Turkey to engage in the peaceful settlement of disputes in accordance with the United Nations Charter, and to refrain from any threat or action which might have negative effects on good neighbourly relations;
2018/12/17
Committee: AFET
Amendment 316 #

2018/2150(INI)

Motion for a resolution
Paragraph 19 b (new)
19 b. Reiterates its regret that the casus belli threat declared by the Grand National Assembly of Turkey in 1995 against Greece has not yet been withdrawn and it is repeated occasionally by Turkish Officials;
2018/12/17
Committee: AFET
Amendment 317 #

2018/2150(INI)

19 c. Calls on Turkey to sign and ratify the United Nations Convention on the Law of the Sea (UNCLOS), which has been signed and ratified by the EU and its 28 Member States, without further delay; reiterates its call on Turkey to respect the sovereignty and sovereign rights of Member States over their territorial sea and airspace and their lawful right to enter into bilateral agreements and to explore and exploit natural resources in accordance with the EU acquis and international law, including the UN Convention on the Law of the Sea;
2018/12/17
Committee: AFET
Amendment 318 #

2018/2150(INI)

Motion for a resolution
Paragraph 19 d (new)
19 d. Reiterates relevant ECtHR decisions and calls on the Turkish Government to immediately stop the violation of the human rights of the Cypriot citizens and stop depriving them of the enjoyment and exercise of their property, religious and other human rights stemming from the constitutional order of the Republic of Cyprus and the acquis communautaire, as well as the fundamental principles and values of the EU;
2018/12/17
Committee: AFET
Amendment 180 #

2018/2102(INI)

Motion for a resolution
Paragraph 12 a (new)
12a. Calls on the Commission to continue giving particular attention to the delivery of services of general economic interest (SGEI) including energy, transport and telecommunication, when applying EU state aid rules, especially in the context of state support dedicated to isolated, remote or peripheral regions in the Union;
2018/11/05
Committee: ECON
Amendment 5 #

2018/2094(INI)

Draft opinion
Paragraph 1
1. Welcomes the approach presented during plenary debates on the ‘Future of Europe’, whereby the future EU budget should promote European added value in terms of socio-economic impact, ensure finances for new challenges and continue supporting European solidarity, equality, stability and growthsmart, sustainable and inclusive growth, prosperity and social cohesion as well as the modernisation of EU policies;
2018/09/12
Committee: ECON
Amendment 17 #

2018/2094(INI)

Draft opinion
Paragraph 2
2. Is extremely worried about the risks arisen from the delay to complete the Banking Union and emphasises that a robust and ambitious Banking Union is a key component of a deeper and genuine EMU, and a key policy; Underlines the importance of commitment to the process of completing the Banking Union and the need to ensure openness and equal treatment of all Member States participating in the Banking Union; Calls for a fully mutualised EDIS by 2022;
2018/09/12
Committee: ECON
Amendment 37 #

2018/2094(INI)

Draft opinion
Paragraph 4 a (new)
4a. Stresses that the completion of the EMU requires strong political commitment, efficient governance on European level, democratic accountability and determination to proceed with the solidarity instruments needed for the sustainability of the EMU;
2018/09/12
Committee: ECON
Amendment 48 #

2018/2094(INI)

Draft opinion
Paragraph 5 a (new)
5a. Underlines the need for a reformed European Semester with reforms for economic, social and environmental transformations, being on equal footing, and with the establishment of EU minimal social standards;
2018/09/12
Committee: ECON
Amendment 49 #

2018/2094(INI)

Draft opinion
Paragraph 5 b (new)
5b. Stresses the importance of ensuring greater national ownership and democratisation in the formulation and implementation of CSRs; deems it necessary for the CSRs to take account of the European Pillar of Social Rights towards upwards convergence of real economies, decent working and living conditions, while reducing income divergences among Member States;
2018/09/12
Committee: ECON
Amendment 50 #

2018/2094(INI)

Draft opinion
Paragraph 5 c (new)
5c. Insists on the need for a reform of the Stability and Growth Pact with more flexibility and the introduction of an aggregate euro area fiscal stance in order to boost investment and growth in the EU; reiterates that exemption of the public investment from debt accounting is the most effective way to increase counter- cyclicality and growth-enhancing in fiscal policy;
2018/09/12
Committee: ECON
Amendment 51 #

2018/2094(INI)

Draft opinion
Paragraph 5 d (new)
5d. Underlines that the European Pillar of Social Rights shall be reflected in all European policies;
2018/09/12
Committee: ECON
Amendment 52 #

2018/2094(INI)

Draft opinion
Paragraph 5 e (new)
5e. Underlines that fighting economic and social divergences in the euro area is necessary not only for the economic governance of the Eurozone but also for fighting extremism; thereby supports the development of new budgetary tools aimed at stabilisation and convergence in the euro area, including European insurance against unemployment;
2018/09/12
Committee: ECON
Amendment 53 #

2018/2094(INI)

Draft opinion
Paragraph 5 f (new)
5f. Welcomes the Commission’s proposals on the Euro area fiscal capacity, the European Monetary Fund and the Euro Area finance minister and underlines the need to proceed swiftly with the implementation of those proposals;
2018/09/12
Committee: ECON
Amendment 54 #

2018/2094(INI)

Draft opinion
Paragraph 5 g (new)
5g. Recalls that the EU cohesion policy is vital for strengthening economic, social and territorial cohesion and has a direct impact on citizens’ lives; Deeply regrets the proposed cuts in cohesion policy as set out by the Commission in its MFF proposal; strongly believe that making part of the allocation of European funds conditional on the European Semester and economic governance is against the main principles of cohesion policy and has adverse effects; Stresses the key importance of structural funds for the stimulation of public investment, taking into account their strong multiplier effect;
2018/09/12
Committee: ECON
Amendment 56 #

2018/2094(INI)

Draft opinion
Paragraph 6
6. Welcomes the future InvestEU programme and stresses the need to ensure finances for more risky private projects, innovation and the quick scaling-up of start-ups; stresses that the proposed investment programme should aim to create quality employment in the EU and guarantee a more balanced budget allocation among Member States and regions;
2018/09/12
Committee: ECON
Amendment 60 #

2018/2094(INI)

Draft opinion
Paragraph 6 a (new)
6a. Stresses the need to encourage public investment and promote domestic demand in order to ensure Europe’s economic integration and prosperity;
2018/09/12
Committee: ECON
Amendment 62 #

2018/2094(INI)

Draft opinion
Paragraph 6 b (new)
6b. Recalls the necessity to support and promote solid growth and sustainable development of micro, small and medium- sized enterprises, especially in Member States where the crisis has had a greater negative impact;
2018/09/12
Committee: ECON
Amendment 68 #

2018/2094(INI)

Draft opinion
Paragraph 7 a (new)
7a. Calls on the Commission to scrutinise the unfair clauses and practices employed by the banking sector in consumer contracts and to insist on the effective implementation of the relevant European Directive, in order to ensure fairer competition and consumers’ protection;
2018/09/12
Committee: ECON
Amendment 5 #

2018/2061(INI)

Motion for a resolution
Recital C
C. whereas such a transfer is to be based on an international binding agreement concluded between the Union and that third country pursuant to Article 218 TFEU adducing adequate safeguards with respect to the protection of privacy and fundamental rights and freedoms of individuals;
2018/06/01
Committee: LIBE
Amendment 17 #

2018/2061(INI)

Motion for a resolution
Paragraph 2
2. Considers that full consistency with Articles 7 and 8 of the Charter shouldall be ensured in the receiving third countries; calls, in this regard, on the Council to complete the negotiating guidelines proposed by the Commission with the conditions set out in this resolution;
2018/06/01
Committee: LIBE
Amendment 19 #

2018/2061(INI)

Motion for a resolution
Paragraph 2 a (new)
2 a. Stresses that a prerequisite for launching the negotiations is that Turkey fulfill its horizontal obligation of full, effective and non discriminatory cooperation with all Member States on JHA issues, including with the Republic of Cyprus;
2018/06/01
Committee: LIBE
Amendment 21 #

2018/2061(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. Calls on Turkey to take all necessary steps towards fulfilling all its contractual obligations in a full, effective and non discriminatory manner towards all Member States. In this respect, Turkey shall ensure the full, effective and non discriminatory implementation of the Visa Liberalization Road Map and also of the said Agreement towards all Member States;
2018/06/01
Committee: LIBE
Amendment 25 #

2018/2061(INI)

Motion for a resolution
Paragraph 4
4. Insists that the level of protection resulting from the agreement should be essentially equivalent to the level of protection in EU law; In this respect, Turkey shall align its counter- terrorismlegislation and its personal data law legislation with EU acquis;
2018/06/01
Committee: LIBE
Amendment 32 #

2018/2061(INI)

Motion for a resolution
Paragraph 10 a (new)
10 a. Considers that the full, effective and non discriminatory implementation of Council of Europe Convention on Data Protection (CETS No 108) and all its provisions, towards all Member States is a prerequisite for this Agreement;
2018/06/01
Committee: LIBE
Amendment 51 #

2018/2061(INI)

Motion for a resolution
Paragraph 18 a (new)
18 a. Insists that the Agreement shall provide for an effective dispute settlement mechanism with respect to its interpretation and the full, effective and non-discriminatory implementation of the provisions of the Agreement towards all Member States, so as to ensure that the parties apply mutually agreed rules. The Agreement shall provide the possibility of unilateral partial or full suspension of the Agreement in the event of infringement of its provisions, including the suspension of the Agreement, in case of violation of the provision of full and effective implementation of the Agreement to all Member States;
2018/06/01
Committee: LIBE
Amendment 25 #

2018/2033(INI)

Motion for a resolution
Recital B
B. whereas unemployment in the EU remains one of the main challenges that Member States are facing as it currently stands, even if the numbers have improved slightly compared with previous years; whereas in 2017 the youth unemployment rate in the euro area was 18.8 %, and was particularly high in Greece (43.6 %), Spain (38.7 %) and Italy (34.8 %);
2018/07/16
Committee: ECON
Amendment 37 #

2018/2033(INI)

Motion for a resolution
Recital C a (new)
Ca. whereas the current European Semester is not designed to drive the necessary economic, social and environmental transformations the EU and its Member States are committed to within the UN SDGs for 2030 and the Paris Agreement goals;
2018/07/16
Committee: ECON
Amendment 45 #

2018/2033(INI)

Motion for a resolution
Recital C b (new)
Cb. whereas the implementation of the UN SDGs and the Paris Agreement goals requires a comprehensive, broad and long-term EU strategy in which a reformed European Semester needs to be embedded;
2018/07/16
Committee: ECON
Amendment 90 #

2018/2033(INI)

Motion for a resolution
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 stance; reiterates that exemption of the public investment from debt accounting is the most effective way to increase counter-cyclicality and growth- enhancing in fiscal policy;
2018/07/16
Committee: ECON
Amendment 122 #

2018/2033(INI)

Motion for a resolution
Paragraph 6
6. Recalls the Commission’s commitment to integrate the implementation of the SDGs within the European Semester as part of the EU's new long-term and overarching strategy succeeding the Europe 2020 Strategy ; regrets the fact that this dimension is missing from the 2018 country-specific recommendations;
2018/07/16
Committee: ECON
Amendment 124 #

2018/2033(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Emphasises that, in line with the principle of subsidiarity, structural reforms at Member State level should be eligible to EU support only if they are of European added value in terms of socio- economic impact, pertain to shared competences of the EU and the Member States, are consistent with the UNSDGs and the Paris Agreement goals and do not exacerbate the cohesion gap between and within Member States;
2018/07/16
Committee: ECON
Amendment 126 #

2018/2033(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Takes the view that the European Semester should embrace a longer-term approach and wider objectives, consistent with the multiannual financial framework and compatible with the UN SDGs and the Paris Agreement goals, notably by integrating new reference indicators in the social and environmental fields in order to complement the current GDP-led approach;
2018/07/16
Committee: ECON
Amendment 128 #

2018/2033(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Stresses the importance of ensuring greater national ownership in the formulation and implementation of CSRs;
2018/07/16
Committee: ECON
Amendment 129 #

2018/2033(INI)

Motion for a resolution
Paragraph 6 b (new)
6b. Highlights that improvements on how the European Semester operates will imply a change in the way Country Specific Recommendations are elaborated, decided and applied; considers that the policy outcome should reach beyond the current conception of structural reforms and fiscal consolidations measures, towards sustainable development reforms capable driving the necessary economic, social and environmental transformations in favour of well-being for all through sustainable growth, inclusiveness and cohesion, and quality job creation;
2018/07/16
Committee: ECON
Amendment 239 #

2018/2033(INI)

Motion for a resolution
Paragraph 16 a (new)
16a. Calls for a direct support to promote solid growth and sustainable development of micro, small and medium- sized enterprises, especially in Member States where the crisis has had a greater negative impact;
2018/07/16
Committee: ECON
Amendment 262 #

2018/2033(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Calls on the Commission to scrutinise the unfair clauses and practices employed by the banking sector in consumer contracts and to insist on the effective implementation of the relevant European Directive;
2018/07/16
Committee: ECON
Amendment 326 #

2018/2033(INI)

Motion for a resolution
Paragraph 26 a (new)
26a. Is extremely worried about the risks due to the delay in setting up the Banking Union and emphasises that a robust and ambitious Banking Union is a key component of a deeper and genuine EMU, and a key policy; Regrets the delay in establishing a Single European Deposit Guarantee Scheme and calls for a fully mutualised EDIS by 2022;
2018/07/16
Committee: ECON
Amendment 29 #

2018/0247(COD)

Proposal for a regulation
Article 3 – paragraph 1
1. The general objective of IPA III shall be to support the beneficiaries listed in Annex I in adopting and implementing the political, institutional, legal, administrative, social and economic reforms required by those beneficiaries to comply with Union acquis and values and to progressively align to Union rules, standards, policies and practices with a view to Union membership, thereby contributing to their stability, security and prosperity.
2018/11/09
Committee: INTA
Amendment 39 #

2018/0247(COD)

Proposal for a regulation
Article 6 – paragraph 2 a (new)
2 a. Balanced, depoliticised and non- discriminatory distribution of the funds shall be ensured throught out the country as well as towards all the levels of the society;
2018/11/09
Committee: INTA
Amendment 43 #

2018/0247(COD)

Proposal for a regulation
Article 7 – paragraph 5 a (new)
5 a. Where a beneficiary fails to respect the principle of democracy, the rule of law, human rights and fundamental freedoms or violates the commitments taken in the relevant agreements concluded with the Union, the Commission shall be empowered to suspend or partially suspend the Union assistance. Under the same conditions and up on request of the European Parliament, the Commission shall examine the suspension or partially suspension of Union assistance and report back to them, justifying their decision.
2018/11/09
Committee: INTA
Amendment 45 #

2018/0247(COD)

Proposal for a regulation
Article 12 – paragraph 5 a (new)
5 a. The Commission shall monitor closely during the overall procedure of the projects implementation through a solid and consistent mechanism and to provide qualitative and quantitative evaluation analysis and to track progress on the set objectives, in order to ensure better accountability, transparency ans improved targeting of expenditure under the funds. The European Parliament is empowered to submit a request to the Commission to examine specific cases where the procedure laid down in this Regulation has not be followed by the beneficiaries, and to take the necessary actions, if there are justified elements;
2018/11/09
Committee: INTA
Amendment 46 #

2018/0247(COD)

Proposal for a regulation
Annex II – paragraph 1 – point a
(a) Establishing and promoting from an early stage the proper functioning of the institutions necessary in order to secure the rule of law. Interventions in this area shall aim at: separation of powers, establishing independent, accountable and efficient judicial systems, including transparent and merit-based recruitment and promoting judicial cooperation, evaluation and promotion systems and effective disciplinary procedures in cases of wrongdoing; ensuring the establishment of robust systems to protect the borders, manage migration flows and provide asylum to those in need; developing effective tools to prevent and fight organised crime, trafficking in human beings, migrants smuggling, money laundering/financing of terrorism and corruption; promoting and protecting human rights, rights of persons belonging to minorities including Roma as well as lesbian, gay, bisexual, transgender and intersex persons fundamental freedoms, including freedom of the media and expression and data protection.
2018/11/09
Committee: INTA
Amendment 47 #

2018/0247(COD)

Proposal for a regulation
Annex II – paragraph 1 – point c
(c) Strengthening economic governance: Interventions shall aim at supporting participation in the economic reform programme (ERP) process and systematic cooperation with international financial institutions on fundamentals of economic policy. Enhancing the capacity to strengthen macroeconomic stability and supporting progress towards sustainable development and becoming a functioning market economy with the capacity to cope with competitive pressures and market forces within the Union;
2018/11/09
Committee: INTA
Amendment 48 #

2018/0247(COD)

Proposal for a regulation
Annex II – paragraph 1 – point h
(h) Fostering quality employment and access to the labour market. Interventions in this area shall aim at: tackling high unemployment and inactivity by supporting sustainable labour market integration in particular of young people (especially those not in employment, education or training (NEET)), women, long-term unemployed and all under- represented groups. Measures shall stimulate quality job creation and support the effective enforcement of labour rules and standards and collective bargaining based on ILO labour standards across the entire territory. Other key areas of intervention shall be to support gender equality, promoting employability and productivity, the adaptation of workers and enterprises to change, the establishment of a sustainable social dialogue and the modernisation and strengthening of labour market institutions such as public employment services and labour inspectorates.
2018/11/09
Committee: INTA
Amendment 49 #

2018/0247(COD)

Proposal for a regulation
Annex II – paragraph 1 – point k
(k) Improving the private-sector environment and competitiveness of enterprises, in particular SMEs, including smart specialisation, as key drivers of growth, job creation and cohesion. Priority shall be given to sustainable projects which improve the business environment.
2018/11/09
Committee: INTA
Amendment 52 #

2018/0247(COD)

Proposal for a regulation
Annex IV – paragraph 1 – point 5
5. Public social security expenditure (percentage of GDP) (source ILO) or Employment Rate (source: national statistics), readiness of enlargement countries on ILO labour standards and WTO principles;
2018/11/09
Committee: INTA
Amendment 53 #

2018/0247(COD)

Proposal for a regulation
Annex IV – paragraph 1 – point 10 a (new)
10 a. Reconciliation, good neighbourly relations and international obligations
2018/11/09
Committee: INTA
Amendment 79 #

2018/0213(COD)

Proposal for a regulation
Recital 10
(10) Against that background, it is necessary to strengthen the current framework for the provision of support to Member States by offering direct financial support, alongside technical support. To that end, a new Reform Support Programme ('the Programme') should be established to provide effective incentives to step up the implementation of sustainable, growth-friendly and socially balanced structural reforms in the Member States. The Programme should be comprehensive and should also benefit from the experience gained by the Commission and the Member States from the use of the other instruments and programmes. The Programme should also continue the actions and the mode of operation of the SRSP, since they have been proven very useful, and have been appreciated by Member States, for strengthening the administrative capacity of national authorities in various policy domains. The Programme should also include targeted support for reforms in Member States whose currency is not the euro and which have taken demonstrable steps towards adopting the single currency within a given time-frame.
2019/01/16
Committee: BUDGECON
Amendment 84 #

2018/0213(COD)

Proposal for a regulation
Recital 13
(13) The Programme's overall objective is the enhancement of upward convergence, cohesion, competitiveness, efficiency, productivity, growth, and employmentsustainable development, inclusive growth, inequality reduction, social inclusion, the promotion of resilient economic and social structures, public health and social welfare, and creation of high-quality jobs in Member States and the Union with particular attention to the areas most affected by demographic decline and regions in ecological transition. For that purpose, it should provide financial incentives for addressing challenges of a structural nature, and should help to strengthen the administrative capacity of the Member States insofar as their institutions and economic and social sectors are concerned.
2019/01/16
Committee: BUDGECON
Amendment 107 #

2018/0213(COD)

Proposal for a regulation
Recital 19
(19) With regard to the reform delivery tool, it is necessary to identify the types of reforms that should be eligible for financial support. To ensure their contribution to the objectives of the Programme, the eligible reforms should be those addressing the challenges identified in article 4 and article 6 of this regulation, including those in the context of the European Semester of economic policy coordination, including those proposed to address the country-specific recommendations.
2019/01/16
Committee: BUDGECON
Amendment 126 #

2018/0213(COD)

Proposal for a regulation
Recital 23
(23) Ownership of structural reforms and political will in the Members States, including the involvement of the social partners, are essential for such a programme to be successful. In order to ensure the ownership of and a focus on relevant reforms, the Member States should identify the reform commitments in response to challenges identified in the context of the European Semester (including those challenges identified inarticle 4 and article 6 of this regulation, including those in the country specific recommendations)ext of the European Semester and propose a detailed set of measures for their implementation, which should contain appropriate milestones and targets and a timetable for implementation over a maximum period of three years. Close cooperation between the Commission and the Member States should be sought and achieved throughout the process.
2019/01/16
Committee: BUDGECON
Amendment 133 #

2018/0213(COD)

Proposal for a regulation
Recital 23 a (new)
(23a) The Member States should state how they involved their local and regional authorities in assessing reform needs and in designing, implementing, monitoring and evaluating reform commitments. This involvement will take place in a structured and permanent manner in the context of the European Semester, so that local and regional authorities can take part, as full partners and from the beginning, in the dialogue with the European Commission leading to the publication of the Country Reports and the Country-specific Recommendations. Member States will decide how to organise such involvement according to their constitutional setting and current division of powers across levels of government.
2019/01/16
Committee: BUDGECON
Amendment 143 #

2018/0213(COD)

Proposal for a regulation
Recital 24
(24) The Commission should assess the nature and the importance of the reform commitments proposed by the Member States and should determine the amount to be allocated on the basis of transparent criteria. To that effect, it should take into account the substantive elements provided by the Member States and assess whether the reform commitments proposed by the Member States are expected to effectively address challenges identified in article 4 and article 6 of this regulation, including those in the context of the European Semester, whether they represent a comprehensive reform package, whether they are expected to strengthen the economic, environmental and social performance and resilience of the national economy and whether their implementation is expected to have a lasting impact in the Member State where relevant by strengthening the institutional and administrative capacity of the Member State concerned. In addition, the Commission should assess whether the internal arrangements proposed by the Member States, including the proposed milestones and targets, and the related indicators, are expected to ensure effective implementation of the reform commitments during a maximum period of three years.
2019/01/16
Committee: BUDGECON
Amendment 146 #

2018/0213(COD)

Proposal for a regulation
Recital 26
(26) In order to contribute to the preparation of high quality proposals and assist the Commission in the assessment of the proposals for reform commitments submitted by the Member States and in the assessment of the degree of their achievement, provision should be made for the use of peer counselling and expert advice. In addition, the Council for Economic Policy Committee of the Council dealing with the European Semester, the Employment Committee and the Social Protection Committee, in consultation, where appropriate, with relevant Treaty-based committees, should be able to provide an opinions on the proposals for reform commitments as submitted by Member States. In the interest of simplification, the reporting by Member States on the progress made in the implementation of reform commitments should be made within the framework of the European Semester.
2019/01/16
Committee: BUDGECON
Amendment 171 #

2018/0213(COD)

Proposal for a regulation
Recital 46 a (new)
(46a) The investment costs related to reforms that received a positive assessment by the Commission to a proposal for reform commitments submitted by a Member States in the context of this programme, as identified in Article 11 paragraph 3 point d of this Regulation, should be deducted from the calculation of the national deficit level.
2019/01/16
Committee: BUDGECON
Amendment 174 #

2018/0213(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 1
1. ‘technical support’ means measures that help Member States to carraimed at strengthening the performance and efficacy outf institutionals, governance, social dialogue, administrativeons and growth- sustaining structural refeconomic and social sectorms, including measures that help Member States, whose currency is not the euro, to prepare for participation in the euro area;
2019/01/16
Committee: BUDGECON
Amendment 182 #

2018/0213(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)
6a. ‘spillover effect’ means externalities of reform upon other policy areas or Member States.
2019/01/16
Committee: BUDGECON
Amendment 193 #

2018/0213(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point b
(b) to contribute to strengthening the governance, the administrative capacity of the Member States and the involvement of local and regional authorities, civil society and social partners, in relation to challenges faced by institutions, governance, public administration, and economic and social sectors.
2019/01/16
Committee: BUDGECON
Amendment 208 #

2018/0213(COD)

Proposal for a regulation
Article 6 – paragraph 1 – introductory part
The general and the specific objectives set out in Articles 4 and 5 shall refer to policy areas related to upward convergence, cohesion, competitiveness, efficiency, productivity, sustainable development, research and innovation, smart, sustainable, and inclusive growth, jobs and investment, and in particular to one or more of the followinginequality reduction, social inclusion, resilience of economic and social structures, creation of high- quality jobs and investment, and in particular to one or more of the following, a special attention shall be paid to the areas most affected by demographic decline and regions in ecological transition:
2019/01/16
Committee: BUDGECON
Amendment 237 #

2018/0213(COD)

Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 1 – point a
(a) up to EUR 220 000 000 000 for the reform delivery tool;
2019/01/16
Committee: BUDGECON
Amendment 241 #

2018/0213(COD)

Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 1 – point b
(b) up to EUR 2 840 000 000 for the technical support instrument;
2019/01/16
Committee: BUDGECON
Amendment 268 #

2018/0213(COD)

Proposal for a regulation
Article 8 – paragraph 1
Pursuant toStructural reforms eligible for financing under the Programme shall be those reforms aimed at the objectives set out in point (a) of Article 4 and point (a) of Article 5(2), structural reforms eligible for financing under the Programme shall be those reforms and article 6, including those aimed at addressing challenges identified in the context of the European Semester of economic policy coordination, of the Paris Agreement, the UN Sustainable Development Goals and the European Pillar of Social Rights.
2019/01/22
Committee: BUDGECON
Amendment 277 #

2018/0213(COD)

Proposal for a regulation
Article 9 – paragraph 1
Annex I lays down a maximum financial contribution available for each Member State out of the overall envelope of the reform delivery tool referred to in point (a) of Article 7(2). Such a maximum financial contribution is calculated for each Member State using the criteria and methodology set out in that Annex, based on the populationGDP per capita, youth unemployment and lower education level of each Member State. Such a maximum financial contribution shall be available for allocation to each Member State, in part or in full, at each stage and call of the allocation process set out in Article 10.
2019/01/22
Committee: BUDGECON
Amendment 295 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 1
1. A Member State wishing to receive support under the reform delivery tool shall submit a proposal for reform commitments to the Commission. That proposal shall set out a detailed set of measures for the implementation of structural reforms in response to challenges identified in Article 4 and Article 6, including those in the context of the European Semester process and shall contain milestones, targets and a timetable for the implementation of the reforms over a maximum period of three years.
2019/01/22
Committee: BUDGECON
Amendment 297 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 2
2. The proposal for reform commitments shall be presented by the Member State concerned together with its national reform programme, in the form of a separate annex. That separate annex may be submitted together with the national reform programme or at a different point in time.
2019/01/22
Committee: BUDGECON
Amendment 299 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 3 – point a
(a) the nature and importance of the structural reform proposed as identified in Article 4 and Article 6, including those in the context of the challenges identified in European Semester;
2019/01/22
Committee: BUDGECON
Amendment 305 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 3 – point e a (new)
(ea) the expected impacts and contribution to the implementation of the commitments of the Union and of Member States in the context of the Paris Agreement, the UN Sustainable Development Goals and the European Pillar of Social Rights;
2019/01/22
Committee: BUDGECON
Amendment 315 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 7 – point a – point 1 – introductory part
(i). are expected to effectively address challenges identified in Article 4 and Article 6, including those in the context of the European Semester, namely:
2019/01/22
Committee: BUDGECON
Amendment 317 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 7 – point a – point 1 – indent 1
– in the country-specific recommendations and in other relevant European Semester documents officially adopted by the Commission; ordeleted
2019/01/22
Committee: BUDGECON
Amendment 322 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 7 – point a – point 1 – indent 2
– where applicable, in the Macroeconomic Imbalance Procedure laid down by Regulation (EU) 1176/2011 of the European Parliament and of the Council30 ; __________________ 30Regulation (EU) No 1176/2011 of the European Parliament and of the Council of 16 November 2011 on the prevention and correction of macroeconomic imbalances (OJ L 306, 23.11.2011, p.25)deleted
2019/01/22
Committee: BUDGECON
Amendment 325 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 7 – point a – point 2
(ii). represent a comprehensive and balanced reform package;
2019/01/22
Committee: BUDGECON
Amendment 326 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 7 – point a – point 3
(iii). are expected to strengthen the performance and resilienceeconomic, environmental and social performance of the Member State concerned, to contribute to the implementation of the economy of the Member State concerned;mmitments of the EU and Member States as referred to in Article 4 and, where relevant, to produce positive spillover effects including in other Member States
2019/01/22
Committee: BUDGECON
Amendment 329 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 7 – point a – point 3 a (new)
() are not expected to have a significant economic, environmental and social impact on the society;
2019/01/22
Committee: BUDGECON
Amendment 333 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 7 – point a – point 4
(iv). are expected, through their implementation, to have a lasting impact, where relevant by strengthening the institutional and administrative capacity of the Member State concerned and the involvement of local and regional authorities, civil society and social partners; and
2019/01/22
Committee: BUDGECON
Amendment 341 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 9
9. The Economic Policy Committee, set up by Council decision 2000/604/EC on the Composition and Statutes of the Economic Policy Committee31 ,the Employment Committee, set up by Council decision 2000/98/EC, and the Social Protection Committee, set up by Council decision 2000/436/EC, repealed and replaced by Council Decision (EU) 2015/773 may provide itstheir opinion on the proposals for reform commitments submitted by Member States. __________________ 31Council Decision of 29 September 2000 on the composition and the statutes of the Economic Policy Committee (2000/604/EC) (OJ L 257, 11.10.2000, p. 28–31)
2019/01/22
Committee: BUDGECON
Amendment 344 #

2018/0213(COD)

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1
The Commission shall adopt a decision within four months of the official submission of the proposal by the Member State, by means of an implementing act. In the event that the Commission gives a positive assessment to a proposal for reform commitments submitted by the Member State, that decision shall set out the reform commitments to be implemented by the Member State, including the milestones and targets and the payment scheme linked to the implementation of those milestones and targets, the financial contribution allocated in accordance with Article 10.
2019/01/22
Committee: BUDGECON
Amendment 347 #

2018/0213(COD)

Proposal for a regulation
Article 12 – paragraph 3 – subparagraph 1
The decision referred to in paragraph 1 shall lay down the financial contribution to be paid in one instalmentfollowing the payment scheme referred to in paragraph 1 once the Member State has satisfactorily implemented all the milestones and targets identified in relation to the implementation of each reform commitment.
2019/01/22
Committee: BUDGECON
Amendment 349 #

2018/0213(COD)

Proposal for a regulation
Article 12 – paragraph 3 – subparagraph 2
The decision shall lay down the period for implementation of the reform commitments, which shall be no later than three years after the adoption of the decision. It shall also establish: the detailed arrangements and timetable for implementation of the reform commitments and reporting thereon by the Member State concerned within the European Semester process; the relevant indicators relating to the fulfilment of the milestones and targets; and the modality for providing access by the Commission to the underlying relevant data.
2019/01/22
Committee: BUDGECON
Amendment 356 #

2018/0213(COD)

Proposal for a regulation
Article 14 – paragraph 1
Without prejudice to the second subparagraph of Article 12(3), the Member State concerned shall report regularly within the European Semester process on the progress made in the achievement of the reform commitments. To that effect, Member States are invited to use the content of the national reform programmes as a tool for reporting on progress towards reform completion. The detailed arrangements and timetable for reporting, including the modality for providing access by the Commission to the underlying relevant data, shall be laid down in the decision referred to in Article 12(1).
2019/01/22
Committee: BUDGECON
Amendment 377 #

2018/0213(COD)

Proposal for a regulation
Article 19 – paragraph 2 – point a
(a) the implementation of reforms by Member States, undertaken on their own initiative, in particular to achieve sustainable economic growth andand social growth and high-quality job creation;
2019/01/22
Committee: BUDGECON
Amendment 434 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.1 – paragraph 1 – indent 1 – paragraph 2
orand
2019/01/22
Committee: BUDGECON
Amendment 436 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.1 – paragraph 1 – indent 2 – paragraph 2
orand
2019/01/22
Committee: BUDGECON
Amendment 437 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.1 – paragraph 1 – indent 3 – paragraph 1
the proposal for reform commitments is aimed at addressing challenges identified in the Macroeconomic Imbalance Procedure;deleted
2019/01/22
Committee: BUDGECON
Amendment 438 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.1 – paragraph 1 – indent 4
– the reforms envisaged in the proposal for reform commitments are expected to effectively address the challenges identified, in that, following the completion of the proposed reform(s), those challengesignificant progress would be expected to be considered resolvward addressing the challenges identified in the context of the European Semester process.
2019/01/22
Committee: BUDGECON
Amendment 439 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.2 – introductory part
3.2 Reform commitments represent a comprehensive and balanced reform package
2019/01/22
Committee: BUDGECON
Amendment 440 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.2 – paragraph 1 – indent 2
– the proposal for reform commitments is aimed at addressing challenges that are crucial for the functioning of the economy and for the social welfare of the Member State (relevance).; and
2019/01/22
Committee: BUDGECON
Amendment 441 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.2 – paragraph 1 – indent 2 a (new)
– the proposal for reform commitments and, where relevant, the related accompanying and compensating measures are expected to correct the negative impacts of the reform commitments (balance).
2019/01/22
Committee: BUDGECON
Amendment 445 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.3 – introductory part
3.3 Reform commitments are expected to strengthen the performance and resilience of the economyeconomic, environmental and social performance of the Member State concerned
2019/01/22
Committee: BUDGECON
Amendment 449 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.3 – paragraph 1 – indent 2 – paragraph 1
the proposal for reform commitments and, where relevant, the related accompanying and compensating measures is aimed at reducing the vulnerability of the economy of the Member State to shocks;
2019/01/22
Committee: BUDGECON
Amendment 450 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.3 – paragraph 1 – indent 2 – paragraph 2
ordeleted
2019/01/22
Committee: BUDGECON
Amendment 451 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.3 – paragraph 1 – indent 3
– the proposal for reform commitments is aimed at increasing the capacity of the economic and/or social structures of the Member State to adjust to and withstand shocks.deleted
2019/01/22
Committee: BUDGECON
Amendment 452 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.3 – paragraph 2
A – High positive expected impact on performance and resilience and contribution to the commitments of the EU and Member States as referred to in article 4 and no major negative spillover effects on another policy area or Member State
2019/01/22
Committee: BUDGECON
Amendment 453 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.3 – paragraph 3
B – Medium positive expected impact on performance and resilience and contribution to the commitments of the EU and Member States as referred to in article 4 and no major negative spillover effects on another policy area or Member State
2019/01/22
Committee: BUDGECON
Amendment 454 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.3 – paragraph 4
C – LowNegative or low positive expected impact on performance and resilience and contribution to the commitments of the EU and Member States as referred to in article 4 or major negative spillover effects on another policy area or Member State
2019/01/22
Committee: BUDGECON
Amendment 456 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.4 – introductory part
3.4 Implementation of reforms is expected to have a lasting impact, where relevant by strengthening governance, the involvement of local and regional authorities, civil society and social partners and the institutional and administrative capacity
2019/01/22
Committee: BUDGECON
Amendment 457 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.4 – paragraph 1 – indent 1 – paragraph 1
the implementation of the proposed reforms is expected to bring about a structural change in the administration or in relevant institutionsengthening of governance, of the involvement of local and regional authorities, civil society and social partners or of the administrative capacity;
2019/01/22
Committee: BUDGECON
Amendment 458 #

2018/0213(COD)

Proposal for a regulation
Annex II – point 3 – paragraph 3 – point 3.4 – paragraph 1 – indent 3
– the strengthening of administrative capacity, governance or the involvement of local and regional authorities, civil society and social partners can ensure a lasting impact.
2019/01/22
Committee: BUDGECON
Amendment 142 #

2018/0178(COD)

Proposal for a regulation
Recital 8 a (new)
(8 a) The scale of the challenge requires gradually moving the entire financial system to support the economy to function on a sustainable basis.
2018/12/17
Committee: ECONENVI
Amendment 239 #

2018/0178(COD)

Proposal for a regulation
Recital 33
(33) In order to specify the requirements set out in this Regulation, and particularly to establish and update granular and calibrated technical screening criteria for different economic activities as to what constitutes a substantial contribution and significant harm to the environmental objectives, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of the information required to comply with the disclosure obligation set out in Article 4 (3), and the technical screening criteria mentioned in Article 6(2), Article 7(2), Article 8(2), Article 9(2), Article 10(2) and Article 11(2). It is of particular importance that the Commission carry out appropriate, extensive consultations during its preparatory work, including at expert level,and user level, that impacts on the economy are carefully assessed and that those consultations be conducted in accordance with the principles laid down in the Interinstitutional Agreement on Better Law-Making of 13 April 2016. In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council should receive all documents at the same time as Member States’ experts, and the experts of the European Parliament and the Council should systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts.
2018/12/17
Committee: ECONENVI
Amendment 279 #

2018/0178(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point b a (new)
(b a) 'credit institutions' as defined in point (1) of Article 4 (1) of Regulation (EU) No 575/2013 which provides investment or credit risk-management processes with the exception of small and non-complex institutions defined under [PO insert reference to relevant Article of Regulation (EU) 575/2013];
2018/12/17
Committee: ECONENVI
Amendment 367 #

2018/0178(COD)

Proposal for a regulation
Article 4 – paragraph 2 a (new)
2 a. Companies shall be responsible for the certification of their specific economic activities on the basis of the delegated act referred to in paragraph 2.
2018/12/17
Committee: ECONENVI
Amendment 377 #

2018/0178(COD)

Proposal for a regulation
Article 4 – paragraph 3 – point b
(b) the share of the investment funding environmentally sustainable economic activities as a percentage of all economic activities.deleted
2018/12/17
Committee: ECONENVI
Amendment 381 #

2018/0178(COD)

Proposal for a regulation
Article 4 – paragraph 3 – point b a (new)
(b a) Member States, in close cooperation with the relevant ESA, shall monitor the information referred to in paragraphs 2 and 2a. After disclosing that information, financial market participants shall report it to the relevant national competent authority which shall communicate it to the relevant ESA without delay. Whenever the relevant national competent authority or the relevant ESA disagree with the information reported as referred to in paragraphs 2 and 2a, financial market participants shall review and correct the information disclosed.
2018/12/17
Committee: ECONENVI
Amendment 609 #

2018/0178(COD)

Proposal for a regulation
Article 15 – paragraph 3
3. The Platform on Sustainable Finance shall follow the principle of rotation and shall be chaired by the Commission.
2018/12/17
Committee: ECONENVI
Amendment 638 #

2018/0178(COD)

Proposal for a regulation
Article 17 – paragraph 1 – point d
(d) the use of the definition of environmentally sustainable investment in Union law, and at Member State level, including the appropriateness of setting up verification mechanism of compliance with the criteria based on indicators set out in this Regulation.
2018/12/17
Committee: ECONENVI
Amendment 21 #

2018/0101(COD)

Proposal for a regulation
Recital 4
(4) The follow up and review of the Agreements, the conduct of investigations and, where appropriate, the imposition of safeguard measures should be carried out transparentlyin the most transparent manner possible. The European Parliament should be kept informed and involved at all stages of the procedure and, in particular, prior to the adoption of any safeguard measures.
2018/09/11
Committee: INTA
Amendment 32 #

2018/0101(COD)

Proposal for a regulation
Recital 13
(13) It is of particular importance that the Commission carries out appropriate consultations during its preparatory work, including at expert level and with civil society organisations and Domestic Advisory Groups of the Union. The Commission, when preparing and drawing up delegated acts, should ensure a simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and to the Council.
2018/09/11
Committee: INTA
Amendment 57 #

2018/0101(COD)

Proposal for a regulation
Article 4 – paragraph 2
2. Upon a duly justified request by the Union industry concerned or the trade unions, the Commission may extend the scope of the monitoring to other products and sectors, if any, than those mentioned in the Annex.
2018/09/11
Committee: INTA
Amendment 58 #

2018/0101(COD)

Proposal for a regulation
Article 4 – paragraph 2 a (new)
2a. The European Commission shall monitor the observance by third countries of the social and environmental standards as laid down in their respective trade and sustainable development chapters.
2018/09/11
Committee: INTA
Amendment 59 #

2018/0101(COD)

Proposal for a regulation
Article 4 – paragraph 2 b (new)
2b. Upon request by the responsible committee of the European Parliament, the Commission will report to it on any specific concerns relating to the implementation by the countries concerned of their commitments on trade and sustainable development.
2018/09/11
Committee: INTA
Amendment 60 #

2018/0101(COD)

Proposal for a regulation
Article 4 – paragraph 3
3. The Commission shall present an annual monitoring report to the European Parliament and to the Council on statistics on imports of sensitive products, and those products and sectors, if any, to which monitoring has been extended as well as on the fulfilment of obligations by the countries concerned under the Trade and Sustainable Development chapter.
2018/09/11
Committee: INTA
Amendment 64 #

2018/0101(COD)

Proposal for a regulation
Article 5 – paragraph 1
1. An investigation shall be initiated by the Commission upon request by a Member State, by any legal person or any association not having legal personality acting on behalf of the Union industry and by trade unions, or on the Commission's own initiative, where there is sufficient prima facie evidence, as determined on the basis of factors referred to in Article 6(5).
2018/09/11
Committee: INTA
Amendment 66 #

2018/0101(COD)

Proposal for a regulation
Article 5 – paragraph 4
4. An investigation may also be initiated where there is a surge of imports concentrated in one or several Member States or outermost regions, provided that there is sufficient prima facie evidence, as determined on the basis of factors referred to in Article 6(5).
2018/09/11
Committee: INTA
Amendment 67 #

2018/0101(COD)

Proposal for a regulation
Article 5 – paragraph 7 a (new)
7a. Where the European Parliament adopts a recommendation to initiate a safeguard investigation, the Commission shall carefully examine whether the conditions for ex-officio are fulfilled and if so, then proceed as laid down in this regulation. If the Commission considers that the conditions are not fulfilled, it shall present a report to the responsible committee of the European Parliament including an explanation of all the factors relevant to the rejection of such an investigation.
2018/09/11
Committee: INTA
Amendment 68 #

2018/0101(COD)

Proposal for a regulation
Article 6 – paragraph 3
3. The investigation shall, where possible, be concluded within sixfour months of its initiation. That time limit may be extended by a further period of threewo months in exceptional circumstances such as the involvement of an unusually high number of interested parties or complex market situations. The Commission shall notify all interested parties of any such extension and explain the reasons therefor.
2018/09/11
Committee: INTA
Amendment 73 #

2018/0101(COD)

Proposal for a regulation
Article 6 – paragraph 10
10. Where information is not supplied within the time limits set by the Commission, or where the investigation is significantly impeded, the Commission may reach a decision on the basis of the available facts. Where the Commission finds that any interested party or any third party has supplied it with false or misleading information, it shall disregard that information and, may make use of the facts available and assess the potential actions to be taken against that party.
2018/09/11
Committee: INTA
Amendment 81 #

2018/0101(COD)

Proposal for a regulation
Article 8 – paragraph 2 a (new)
2a. The Commission shall inform the European Parliament of any decision to impose provisional safeguard measures.
2018/09/11
Committee: INTA
Amendment 87 #

2018/0101(COD)

Proposal for a regulation
Article 11 a (new)
Article 11a Outermost regions of the Union Where any product is being imported in such increased quantities and under such conditions as to cause or threaten to cause serious deterioration in the economic situation of one or several of the Union’s outermost regions, as referred to in Article 349 TFEU, a safeguard measure may be imposed, in accordance with the procedure laid down in this regulation.
2018/09/11
Committee: INTA
Amendment 89 #

2018/0101(COD)

Proposal for a regulation
Article 13 – paragraph 3 a (new)
3a. The report shall include information on the activities of the various bodies responsible for monitoring the implementation of the Agreement, as well as information regarding the fulfilment of obligations under the Trade and Sustainable Development chapter and on activities with civil society advisory groups.
2018/09/11
Committee: INTA
Amendment 111 #

2018/0060(COD)

Proposal for a regulation
Article 1 – paragraph 1
Regulation (EU) No 575/2013
Article 36 – paragraph 1 – point m (new)
(m) otherwise than exposures purchased by a specialised debt restructurer which were non-performing at the time of purchase, the applicable amount of insufficient coverage for non- performing exposures.;
2018/11/23
Committee: ECON
Amendment 156 #

2018/0060(COD)

Proposal for a regulation
Article 1 – paragraph 2
Regulation (EU) No 575/2013
Article 47a – paragraph 7 a (new)
7 a. For the purpose of Article 36(m) ‘specialised debt restructurer’ means an institution (on a consolidated basis if applicable) that comply with the following conditions during the preceding financial year: (i) the management body of the institution has implemented a clear and effective internal decision process for the purchase of exposures from other institutions; (ii) the book value of its own originated loans does not exceed 10 % of the aggregate book value of its loans (including purchased performing and non-performing exposures); and (iii) the total assets does not exceed EUR 30,000,000,000.
2018/11/23
Committee: ECON
Amendment 160 #

2018/0060(COD)

Proposal for a regulation
Article 1 – paragraph 2
Regulation (EU) No 575/2013
Article 47a – paragraph 7 b (new)
7 b. EBA shall develop draft regulatory technical standards to specify the conditions under which an institution may be a specialised debt restructurer and to specify the conditions set out in Article 47a(7a).
2018/11/23
Committee: ECON
Amendment 20 #

2018/0006(CNS)

Proposal for a directive
Recital 6
(6) Small enterprises may only benefit from the exemption where their annual turnover is below the threshold applied by the Member State in which the VAT is due. In setting their threshold, Member States should abide by the rules on thresholds laid down by Directive 2006/112/EC. Those rules, most of which were put in place in 1977, are no longer suitable. For the sake of flexibility, it is essential to set only maximum thresholds at Union level. Setting only maximum thresholds at Union level would ensure that each Member State could set appropriate lower thresholds proportional to the size and the needs of its economy.
2018/06/06
Committee: ECON
Amendment 148 #

2017/2072(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. The establishment of an asset management company (bad bank) for dealing with the overwhelming problem of non-performing loans should be an option for Member States;welcomes EBA's proposal on NPLs;
2017/11/24
Committee: ECON
Amendment 211 #

2017/2072(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Stresses that the regulatory framework should accommodate the particular operating principles and respect the specific mission of the cooperative and mutual banks as well as that supervisory authorities should keep these in regard and reflect them in their practices and approaches;
2017/11/24
Committee: ECON
Amendment 336 #

2017/2072(INI)

18. Welcomes the EBA’s decision to publish on an annual basis data received by it in accordance with Article 10(10) of the DGSD; regrets that the data do not allow for a direct comparison of the adequacy of funding between deposit guarantee schemes (DGSs); notes, nonetheless, the need for several DGSs to accelerate the build-up of available financial means in order to achieve the target level of 0.8 % of covered deposits by 3 July 2024;
2017/11/24
Committee: ECON
Amendment 347 #

2017/2072(INI)

Motion for a resolution
Paragraph 20
20. Asks the Commission to shed light on the applications for a target level lower than 0.8 % of covered deposits as received and approved by it in accordance with Article 10(6) of the DGSD; draws attention to the implications of the availability of such an exception for the potential design of an EDIS;
2017/11/24
Committee: ECON
Amendment 350 #

2017/2072(INI)

Motion for a resolution
Paragraph 21
21. Recalls that deposit protection is a common concern for all EU citizens and echoes the statement of the Five Presidents on Completing Europe’s Economic and Monetary Union Report, which pointed out that a single banking system can only be truly single if the European protection of bank deposits is the same irrespective of the Member State in which a bank operates; is currently debating the proposal on an EDIS at committee level; noteregrets, in this respect, the Commission’s more proportionate ‘new approach’ to aon EDIS as put forward in its communication of 11 October 2017;
2017/11/24
Committee: ECON
Amendment 369 #

2017/2072(INI)

Motion for a resolution
Paragraph 21 a (new)
21a. Regrets the delay in establishing a Single European Deposit Guarantee Scheme and calls for a fully mutualised EDIS by 2022;
2017/11/24
Committee: ECON
Amendment 15 #

2017/2028(INI)

Draft opinion
Paragraph 2
2. Emphasises that trade agreements should be seen as a key mechanism for promoting anti-corruption measures and good governance; calls for such agreements to include commitments to multilateral anti-corruption conventions in all trade deal, such as the UNCAC and the OECD Anti- bribery Convention; calls on the Commission to consider developing assistance projects to help states overcome constraints complying with these international conventions;
2017/05/10
Committee: INTA
Amendment 20 #

2017/2028(INI)

Draft opinion
Paragraph 2 a (new)
2a. Recognises the major role of the Trade Facilitation Agreement in fighting corruption at ports of entry which was adopted in Bali in 2013 and entered into force in February 2017;
2017/05/10
Committee: INTA
Amendment 27 #

2017/2028(INI)

Draft opinion
Paragraph 3
3. Calls for whistle-blower protection to be addressed in EU trade deals; therefore recalls that proper European legislation is needed and urges the Commission to propose legislative instruments ensuring effective measures to protect whistle-blowers acting in the public interest when disclosing confidential information of companies and public bodies; stresses that signatory parties of trade agreements should take measures to promote the active participation of the private sector, civil society organisations and domestic advisory groups in the implementation of anti-corruption programmes and clauses in international trade and investment deals;
2017/05/10
Committee: INTA
Amendment 31 #

2017/2028(INI)

Draft opinion
Paragraph 4 a (new)
4a. Is of the opinion that special provisions on SMEs should be foreseen in trade agreements in order to enable them to tackle corruption, as they often do not have the means;
2017/05/10
Committee: INTA
Amendment 32 #

2017/2028(INI)

Draft opinion
Paragraph 4 b (new)
4b. Recognises that some chapters of trade agreements are more exposed to corruption than others and therefore require tailored solutions; recalls that ambitious transparency provisions in trade agreements can help fighting corruption;
2017/05/10
Committee: INTA
Amendment 37 #

2017/2028(INI)

Draft opinion
Paragraph 5
5. Regrets the lack of effective enforcement and monitoring of the implementation of anti-corruption provisions in current EU trade agreements; calls on the Commission to negotiate enforceable anti-corruption and anti- money-laundering provisions in all future trade agreements and to explore possibilities on the establishment of an independent monitoring body for an effective implementation of the provisions;
2017/05/10
Committee: INTA
Amendment 45 #

2017/2028(INI)

Draft opinion
Paragraph 6
6. Insists that EU trade partners lose benefits granted by trade agreements where they fail to comply with anti-corruption commitments or with international standards in the field of anti-corruption such as the Common Reporting Standard of the OECD, the Action Plan on Base Erosion and Profit Shifting of the OECD, the central register of beneficial ownership and FATF recommendations; calls on the Commission to set clear and relevant conditions and performance indicators allowing better assessment and demonstration of results; calls, furthermore, on the Commission to respond firmly, proportionally and quickly where the beneficiary government shows insufficient commitment to comply with what has been agreed.
2017/05/10
Committee: INTA
Amendment 33 #

2017/2005(INI)

Motion for a resolution
Paragraph 3
3. Calls for a clear definition of CBs in a European Directive; insists that the definition for securities henceforth called ‘covered bonds’ must not fall below the standards currently set by Article 12952(4) of the CRR; requests that securities incompatible with this definition but compatible with Article 52(4) of the UCITS DirectiUCITS Directive; CBs which are also compliant with Article 129 of the CRR should benefit from preferential risk weight treatment; for the achievement of the Capital Markets Union's objective, recognizes the potential of UCITS compliant dual recourse securities, with different requirements in terms of eligible cover aressets; calls on the Commission to properly defined them in the same directive under a name clearly distinct from ‘covered bonds’; suggests that this name may be ‘European Secured Notes’; (ESNs);
2017/04/28
Committee: ECON
Amendment 105 #

2017/2005(INI)

Motion for a resolution
Paragraph 5 – point c
c) The maturity of the CB cannot be extended, except in the event of insolvency or resolution of the issuer and with approval by the competent supervisory authority;subject to objective financial triggers established by national law, including in the event of insolvency or resolution of the issuer.
2017/04/28
Committee: ECON
Amendment 8 #

2017/0335(CNS)

Proposal for a directive
The European Parliament rejects the Commission proposal.
2018/10/18
Committee: ECON
Amendment 211 #

2017/0143(COD)

Proposal for a regulation
Recital 3 a (new)
(3a) Priority should be given to further developing, strengthening and reforming the first (public) and second (occupational) pillars of the national pensions systems. These two pillars will remain paramount for the sustainability of national schemes as personal pension products will just represent an additional source of retirement income and will not aim at replacing them.
2018/04/30
Committee: ECON
Amendment 215 #

2017/0143(COD)

Proposal for a regulation
Recital 4
(4) The Capital Markets Union (CMU) will help mobilise capital in Europe and channel it to all companies, including small and medium enterprises, infrastructure and long term sustainable projects that need it to expand and create jobs. One of the main objectives of the CMU is to increase investment and choices for retail investors by putting European savings to better use. For this purpose, a PEPP will represent a step forward for the enhancement of the capital markets integration due to its support to the long-term financing of the real economy.
2018/04/30
Committee: ECON
Amendment 217 #

2017/0143(COD)

Proposal for a regulation
Recital 4 a (new)
(4a) Due to the contribution a PEPP is expected to play in the building of the CMU and in the channelling of capitals towards real economy and long term sustainable projects, savers need to be involved in the process which makes them aware of their financial and non-financial interests and on the mutual relationship between the performance of the product and the environmental, social and governance factors. The effectiveness of this process is related to a high level of transparency and disclosure as well as to a proper engagement of savers.
2018/04/30
Committee: ECON
Amendment 222 #

2017/0143(COD)

Proposal for a regulation
Recital 10 a (new)
(10a) Financial education can support the understanding and awareness of households’ saving choices in the area of voluntary personal pension schemes. Savers shall also have a fair chance to fully grasp the risks and the features related to a pan-European product.
2018/04/30
Committee: ECON
Amendment 232 #

2017/0143(COD)

Proposal for a regulation
Recital 14
(14) PEPP providers should have access to the whole Union market with one single product authorisation issued by the European Insurance and Occupational Pensions Authority (“EIOPA”), on the basis of a single set of rules and in cooperation with national competent authorities.
2018/04/30
Committee: ECON
Amendment 237 #

2017/0143(COD)

Proposal for a regulation
Recital 16
(16) In order to ensure a high quality of service and effective consumer protection, home and host Member States should closely cooperate in the enforcement of the obligations set out in this Regulation. Where PEPP providers and distributors pursue business in different Member States under the freedom to provide services, the competent authority of the home Member State should be responsible for ensuring compliance with the obligations set out in this Regulation, because of its closer links with the PEPP provider. In order to ensure fair sharing of responsibilities between the competent authorities from the home and the host Member States, if the competent authority of a host Member State becomes aware of any breaches of obligations occurring within its territory, it should inform both EIOPA and the competent authority of the home Member State which should then be obliged to take the appropriate measures. Moreover, the competent authority of the host Member State should be entitled to intervene if the home Member State fails to take appropriate measures or if the measures taken are insufficient.
2018/04/30
Committee: ECON
Amendment 239 #

2017/0143(COD)

Proposal for a regulation
Recital 17
(17) In the case of the establishment of a branch or a permanent presence in another Member State, it is appropriate to distribute responsibility for enforcement between home and host Member States. While responsibility for compliance with obligations affecting the business as a whole – such as the rules on professional requirements – should remain with the competent authority of the home Member State under the same regime as in the case of provision of services, the competent authority of the host Member State should assume responsibility for enforcing the rules on information requirements and conduct of business with regard to the services provided within its territory. However, where the competent authority of a host Member State becomes aware of any breaches of obligations occurring within its territory with respect to which this DirectiveRegulation does not confer responsibility on the host Member State, a close cooperation demands that that authority informs both EIOPA and the competent authority of the home Member State so that the latter takes the appropriate measures. Such is the case in particular as regards breaches of the rules on good repute, professional knowledge and competence requirements. Moreover, in view of protecting consumers, the competent authority of the host Member State should be entitled to intervene if the home Member State fails to take appropriate measures or if the measures taken are insufficient.
2018/04/30
Committee: ECON
Amendment 245 #

2017/0143(COD)

Proposal for a regulation
Recital 19
(19) The pan-European dimension of the PEPP can be developed not only at the level of the provider, through the possibilities for its cross-border activity, but also at the level of the PEPP saver – through the portability of the PEPP, thus contributing to the safeguarding of personal pension rights of persons exercising their right to free movement under Articles 21 and 45 TFEU. Portability involves the PEPP saver changing residence to another Member State without changing PEPP providers, whereas the switching of PEPP providers does not necessarily involve a change of residence. In any case, the place of residence of a PEPP saver shall determine the applicable tax regime for the saver.
2018/04/30
Committee: ECON
Amendment 247 #

2017/0143(COD)

Proposal for a regulation
Recital 21
(21) In order to allow a smooth transition for PEPP providers, the obligation of providing PEPPs comprising compartments for each Member State will apply three years afterUpon launching a PEPP, the provider should provide information on which national compartments are immediately available in the econtry into force of this Regulation. However, upon launching a PEPP, the provider should provide information on which national compartments are immediately available, in order to avoid a possible misleading of consumersact, in order to avoid a possible misleading of consumers. PEPP savers willing to open a national compartment should be allowed to switch provider free of charge when this national compartment is not made available by the PEPP provider with whom the contract has been initially signed.
2018/04/30
Committee: ECON
Amendment 256 #

2017/0143(COD)

Proposal for a regulation
Recital 22
(22) Taking into account the nature of the pension scheme established and the administrative burden involved, PEPP providers and distributors should provide clear and adequate information to potential PEPP savers and PEPP beneficiaries to support their decision-making about their retirement. For the same reason, PEPP providers and distributors should equally ensure a high level of transparency throughout the various phases of a scheme comprising pre-enrolment, membership (including pre-retirement) and post- retirement. In particular, information concerning accrued pension entitlements, projected levels of retirement benefits, risks (including those related to environmental, social and governance factors) and guarantees, and costs should be given. Where projected levels of retirement benefits are based on economic scenarios, that information should also include an unfavourable scenario, which should be extreme but plausible.
2018/04/30
Committee: ECON
Amendment 257 #

2017/0143(COD)

Proposal for a regulation
Recital 23
(23) Before joining a PEPP scheme, potential PEPP savers should be given all the necessary information to make an informed choice through the provision of advice assessing their saving demands and needs.
2018/04/30
Committee: ECON
Amendment 272 #

2017/0143(COD)

Proposal for a regulation
Recital 32
(32) In order to protect adequately the rights of PEPP savers and PEPP beneficiaries, PEPP providers should be able to opt for an asset allocation that suits the precise nature and duration of their liabilities, including those having a long term horizon. Therefore, efficient supervision is required as well as an approach to investment rules that allows PEPP providers sufficient flexibility to decide on the most secure and efficient investment policy, while obliging them to act prudently. Compliance with the prudent person rule therefore requires an investment policy geared to the customers’ structure of the individual PEPP provider.
2018/04/30
Committee: ECON
Amendment 274 #

2017/0143(COD)

Proposal for a regulation
Recital 33
(33) By setting the prudent person rule as the underlying principle for capital investment and making it possible for PEPP providers to operate across borders, the redirection of savings into the sector of personal retirement provision is encouraged, thereby contributing to economic and social progress. The prudent person rule should also take into consideration the role played by environmental, social and governance factors in the investment process.
2018/04/30
Committee: ECON
Amendment 286 #

2017/0143(COD)

Proposal for a regulation
Recital 36
(36) Environmental, social and governance factors, as referred to in the United Nations-supported Principles for Responsible Investment, are important for the investment policy and risk management systems of PEPP providers. PEPP providers should be encouraged to consider such factors in investment decisions and to take into account how they form part of their risk management system. This risk assessment should also be made available to EIOPA and to the competent authorities as well as to PEPP savers. Where relevant, it should also include risks related to climate change, use of resources, the environment, social risks, and risks related to the depreciation of assets due to regulatory change (‘stranded assets’).
2018/04/30
Committee: ECON
Amendment 451 #

2017/0143(COD)

Proposal for a regulation
Article 6 – paragraph 1 – point d a (new)
(da) the proposed PEPP is based on an investment strategy that states to what extent environmental, social and governance factors are included in the proposed providers risk management system.
2018/04/30
Committee: ECON
Amendment 455 #

2017/0143(COD)

Proposal for a regulation
Article 6 – paragraph 2
2. Before taking a decision on the application, EIOPA shall consult the competent authority of the applicant by providing it with a copy of the application and all the relevant information needed for the consultation.
2018/04/30
Committee: ECON
Amendment 482 #

2017/0143(COD)

Proposal for a regulation
Article 10 – paragraph 1
EIOPA shall keep a central public register identifying each PEPP authorised under this Regulation, the provider of this PEPP and, the competent authority of the PEPP provider, the date of authorisation of the PEPP and the number of the available national compartments. The register shall be made publicly available in electronic format and shall be promptly updated if changes occur.
2018/04/30
Committee: ECON
Amendment 508 #

2017/0143(COD)

Proposal for a regulation
Article 13 – paragraph 3
3. Three years at the latest after the entry into application of this Regulation, each PEPP shall offer national compartments for all Member States upon requese available compartments shall be listed in the contract between the PEPP saver and PEPP provider. The PEPP provider shall be obliged to offer at least the compartments listed in the contract. A PEPP saver willing to change domicile by moving to another Member State may exercise in any case his right of mobility by switching PEPP provider free of charge when the national compartment the saver is willing to open is not maddressed to the PEPP provider. e available neither by from the PEPP provider nor from a registered partner.
2018/04/30
Committee: ECON
Amendment 702 #

2017/0143(COD)

Proposal for a regulation
Article 30 – paragraph 1 a (new)
1a. One year prior to the retirement phase, a communication shall be sent to the PEPP saver in order to inform him about the upcoming start of the decumulation phase and the possible forms of out-payments.
2018/04/30
Committee: ECON
Amendment 718 #

2017/0143(COD)

Proposal for a regulation
Article 33 – paragraph 1 – point c
(c) the assets shall be predominantly invested on regulated markets. Investment in assets which are not admitted to trading on a regulated financial market must in any event be kept to prudent levelshall not exceed 20% of the total assets;
2018/04/30
Committee: ECON
Amendment 748 #

2017/0143(COD)

Proposal for a regulation
Article 36 – paragraph 1
1. The terms for modification of the investment option shall be listed in the PEPP contract. In any case, the PEPP saver shall be able to opt for a different investment option once every five years of accumulation in the PEPP.
2018/04/30
Committee: ECON
Amendment 762 #

2017/0143(COD)

Proposal for a regulation
Article 37 – paragraph 1
1. The default investment option shall ensure capital protection for the PEPP saver, on thbasic PEPP shall be a simple and safe product that can be beasis of a risk-mitigation technique that results in a safely acquired, including through digital channels, in each Member State. It represents the default investment strategyoption.
2018/04/30
Committee: ECON
Amendment 2 #

2017/0123(COD)

Council position
Recital 8
(8) Regulation (EC) No 1071/2009 requires undertakings to conduct effectively and continuously their operations with the appropriate technical equipment and facilities at an operating centre situated in the Member State of establishment, and it allows for additional requirements at national level, the most common of which being a requirement to have parking spaces available in the Member State of establishment. However, those, unevenly applied, requirements have not been sufficient to ensure a genuine link with that Member State in order to efficiently fight letter-box companies and to reduce the risk of systematic cabotage and nomadic drivers organised from an undertaking to which the vehicles do not return. Considering that, in order to ensure the proper functioning of the internal market in the area of transport, specific rules on the right of establishment and the provision of services may be necessary, it is appropriate to further harmonise the establishment requirements and to strengthen the requirements linked to the presence of the vehicles used by the transport operator in the Member State of establishment. Defining a clear minimum interval within which the vehicle has to return also contributes to ensuring that those vehicles can be correctly maintained with the technical equipment situated in the Member State of establishment and facilitates controls. The cycle for such returns should be synchronised with the obligation on the transport undertaking in Regulation (EC) No 561/2006 of the European Parliament and of the Council6 to organise its operations in a manner that enables the driver to return home at least every four weeks, so that both obligations can be fulfilled through the return of the driver together with the vehicle at least every second four week cycle. This synchronisation strengthens the right of the driver to return and reduces the risk that the vehicle has to return only to fulfil this new establishment requirement. However, the requirement to return to the Member State of establishment should not require a specific number of operations to be conducted in the Member State of establishment or otherwise limit the operators possibility to provide services throughout the internal market.. ____________________________ 6 the European Parliament and of the Council of 15 March 2006 on the harmonisation of certain social legislation relating to road transport and amending Council Regulations (EEC) No 3821/85 and (EC) No 2135/98 and repealing Council Regulation (EEC) No 3820/85 (OJ L 102, 11.4.2006, p. 1).Regulation (EC) No 561/2006 of
2020/05/13
Committee: TRAN
Amendment 7 #

2017/0123(COD)

Council position
Recital 22
(22) While the further liberalisation established by Article 4 of Council Directive 92/106/EEC9 , compared to cabotage under Regulation (EC) No 1072/2009, has been beneficial in promoting combined transport and should, in principle, be retained, it is necessary to ensure that it is not misused. Experience shows that, in certain parts of the Union, that provision has been used in a systematic manner to circumvent the temporary nature of cabotage and as the basis for the continuous presence of vehicles in a Member State other than that of the establishment of the undertaking. Such unfair practices risk leading to social dumping and jeopardise respect of the legal framework relating to cabotage. It should therefore be possible for Member States to derogate from Article 4 of Directive 92/106/EEC and to apply the provisions relating to cabotage in Regulation (EC) No 1072/2009 in order to address such problems by introducing a proportionate limit to the continuous presence of vehicles within their territory. __________________ 9Council Directive 92/106/EEC of 7 December 1992 on the establishment of common rules for certain types of combined transport of goods between Member States (OJ L 368, 17.12.1992, p. 38).deleted
2020/05/13
Committee: TRAN
Amendment 12 #

2017/0123(COD)

Council position
Article 1 – paragraph 1 – point 3
Regulation (EC) No 1071/2009
Article 5 – paragraph 1 – point b
(b) organise its vehicle fleet's activity in such a way as to ensure that vehicles that are at the disposal of the undertaking and are used in international carriage return to one of the operational centres in that Member State at least within eight weeks after leaving it;deleted
2020/05/13
Committee: TRAN
Amendment 13 #

2017/0123(COD)

Council position
Article 1 – paragraph 1 – point 3
Regulation (EC) No 1071/2009
Article 5 – paragraph 1 – point g
(g) on an ongoing basis, have at its regular disposal a number of vehicles that comply with the conditions laid down in point (e) and employ drivers who are normally based at anbased on the law applicable to operational centre inof that Member State, in both casese undertaking, proportionate to the volume of transport operations carried out by the undertaking.
2020/05/13
Committee: TRAN
Amendment 25 #

2017/0123(COD)

Council position
Article 2 – paragraph 1 – point 5 – point b
Regulation (EC) No 1072/2009
Article 10 – paragraph 7
(b) the following paragraph is added: '7. this Article and by way of derogation from Article 4 of Directive 92/106/EEC, Member States may, where necessary to avoid misuse of the latter provision through the provision of unlimited and continuous services consisting in initial or final road legs within a host Member State that form part of combined transport operations between Member States, provide that Article 8 of this Regulation apply to hauliers when they carry out such initial and/or final road haulage legs within that Member State. With regard to such road haulage legs, Member States may provide for a longer period than the seven-day period provided for in Article 8(2) of this Regulation and may provide for a shorter period than the four-day period provided for in Article 8(2a) of this Regulation. The application of Article 8(4) of this Regulation to such transport operations shall be without prejudice to requirements following from Directive 92/106/EEC. Member States making use of the derogation provided for in this paragraph shall notify the Commission thereof before applying their relevant national measures. They shall review those measures at least every five years and shall notify the results of that review to the Commission. They shall make the rules, including the length of the respective periods, publically available in a transparent manner.';deleted In addition to paragraphs 1 to 6 of
2020/05/13
Committee: TRAN
Amendment 10 #

2017/0122(COD)

Council position
Article 1 – paragraph 1 – point 6 – point c
Regulation (EC) No 561/2006
Article 8 – paragraph 8 – subparagraph 2
Any costs for accommodation outside the vehicle shall be covered by the employer, as well as any fee deriving from the use of safe and secure parking area.;
2020/05/13
Committee: TRAN
Amendment 12 #

2017/0122(COD)

Council position
Article 1 – paragraph 1 – point 6 – point d
Regulation (EC) No 561/2006
Article 8 – paragraph 8a – subparagraph 1
8a. Transport undertakings shall organise the work of drivers in such a way that the drivers are able to return to the employer's operational centre where the driver is normally based and where the driver's weekly rest period begins, in the Member State of the employer's establishment, or to return to the drivers' place of residence, or to any other location chosen by the driver, within each period of four consecutive weeks, in order to spend at least one regular weekly rest period or a weekly rest period of more than 45 hours taken in compensation for reduced weekly rest period.
2020/05/13
Committee: TRAN
Amendment 2 #

2016/2308(INI)

Motion for a resolution
Citation 1
— having regard to its previous resolutions, in particular those of 24 November 2016 on EU-Turkey relations1 , and 27 October 2016 on the situation of journalists in Turkey2 , and of 13 November 2014 on Turkey's actions creating tensions in the Exclusive Economic Zone of Cyprus, _________________ 1 Texts adopted, P8_TA(2016)0450. 2 Texts adopted, P8_TA(2016)0423.
2017/05/12
Committee: AFET
Amendment 5 #

2016/2308(INI)

Motion for a resolution
Citation 5 a (new)
- having regard to Article 2 of the Treaty of the European Union, on the values where European Union is founded,
2017/05/12
Committee: AFET
Amendment 11 #

2016/2308(INI)

Motion for a resolution
Citation 8
— having regard to the declaration issued by the European Community and its Member States on 21 September 2005, including the provision that the recognition of all Member States is a necessary component of the negotiations, and the need for Turkey to fulproceed to the normalisation of its relations with all Member States and to fully and effectively implement the Additional Protocol to the Ankara Agreement to all Member States by removing all obstacles to the free movement of goods, including restrictions on means of transport, without prejudice and discrimination,
2017/05/12
Committee: AFET
Amendment 14 #

2016/2308(INI)

Motion for a resolution
Citation 8 b (new)
- having regard to the fact that the basis for accession to the EU for Turkey is the full compliance with the Copenhagen criteria and the EU's integration capacity, in accordance with the conclusions of the December 2006 European Council meeting,
2017/05/12
Committee: AFET
Amendment 16 #

2016/2308(INI)

Motion for a resolution
Citation 10
— having regard to Article 46 of the European Convention on Human Rights (ECHR), which states that the contracting parties undertake to abide by the final judgments of the European Court of Human Rights (ECtHR) in any case to which they are parties, and to the obligation of Turkey to implement all judgements of the European Courts,
2017/05/12
Committee: AFET
Amendment 34 #

2016/2308(INI)

Motion for a resolution
Citation 18
— having regard to the crisis in Syria, the efforts towards a ceasefire and a peaceful settlement, and Turkey’s obligations to enhance stability and promote good neighbourly relations through intensive efforts in order to resolve outstanding bilateral issues, disputes and conflicts with the neighbouring countries over land and maritime borders and airspace, in accordance with the UN Charter and the UNCLOS,
2017/05/12
Committee: AFET
Amendment 55 #

2016/2308(INI)

Motion for a resolution
Paragraph 2
2. Underlines, however, that measures taken under the state of emergency had large-scale, disproportionate and long- lasting negative effects on a large number of citizens and as well as on the protection of fundamental freedoms in the country; condemns the collective dismissal of civil servants, increasing abduction cases of dissidents both in Turkey and abroad, the mass liquidation of media outlets, the arrests of journalists, academics, judges, human rights defenders, elected officials and ordinary citizens, and the confiscation of all of their properties and assets property and passports on the basis of emergency decree laws without individualised decisions, and without the possibility of timely judicial review; stresses, however, that an increasing authoritarianism, politisation of the judiciary and security forces, erosion of the rule of law and fundamental freedoms long preceded the coup attempt;
2017/05/12
Committee: AFET
Amendment 57 #

2016/2308(INI)

Motion for a resolution
Paragraph 2
2. Underlines, however, that measures taken under the state of emergency had large-scale, disproportionate and long- lasting negative effects on the protection of fundamental freedoms in the country; condemns the collective dismissal of civil servants, the mass liquidation of media outlets, the arrests of journalists, academics, judges, human rights defenders, elected officials and ordinary citizens, and the confiscation of property and passports on the basis of emergency decree laws without individualised decisions, and without the possibility of timely judicial review; calls for the immediate and unconditional release of all political prisoners held without proof of individual involvement in committing crime or without any charges presented against them;
2017/05/12
Committee: AFET
Amendment 74 #

2016/2308(INI)

Motion for a resolution
Paragraph 3
3. Stresses the strategic importance of good EU-Turkey relations for both sides; recognises that both Turkey and the EU have gone through their own internal transformation processes since the accession negotiations were opened in 2004Is deeply concerned that Turkey's internal transformation process and its foreign policy in the Middle East is increasingly making Turkey a strategic liability rather than an asset for the EU; regrets that the accession instruments have not been used to the fullest extent and that, over the years, Turkey's full integration into the EU has lost public support on both sides; remains committed to cooperating and maintaining an open dialogue with the Turkish Government, in order to address common challenges; recommends that the Council urgently invite the Turkish Government to a summit to discuss the obvious crisis in EU-Turkey relations that we are faced with;
2017/05/12
Committee: AFET
Amendment 105 #

2016/2308(INI)

Motion for a resolution
Paragraph 4 a (new)
4 a. Expresses, once again, serious concern and urges Turkey to avoid any kind of threat or action directed against a Member State; considers it regrettable that the casus belli threat declared by the Grand National Assembly of Turkey against Greece has not yet been withdrawn;
2017/05/12
Committee: AFET
Amendment 132 #

2016/2308(INI)

Motion for a resolution
Paragraph 6
6. NotesIs concerned that measures undertaken following the declaration of the state of emergency have targeted alleged members/supporters of the Gülen movement, dissent in general and political parties of the opposition in particularhrough detainment, arrest, and property confiscation intensified the crackdown on among many others tens of thousands of teachers, business people, civil society representatives, lawyers, students, medical doctors, housewives who are alleged participants/supporters of the Gülen movement, dissent in general and political parties of the opposition in particular; is dismayed by the number of alleged ill- treatment against suspects and arrested persons in detention centers and prisons, which includes torture, rape and killing in some incidents as reported by the human rights organizations; demands a thorough investigation by the Turkish authorities into these allegations, and full accountability and punishment of those guilty of human rights violations; strongly condemns the imprisonment of 13 MPs belonging to the People's Democratic Party (HDP), including its co-chairs, and of 90 Kurdish municipal mayors; urges the Turkish Government to lift the state of emergency immediately Figen Yuksekdag and Selahattin Demirtas, and of 90 Kurdish municipal mayors, as well as raids on the headquarters of the HDP; urges the Turkish Government to lift the state of emergency immediately; is deeply concerned about the support for the re- introduction of the death penalty repeatedly declared by the Turkish President Recep Tayyip Erdogan; underlines that the reintroduction of the death penalty would violate Turkey's international commitments and lead to an immediate end to the EU accession talks;
2017/05/12
Committee: AFET
Amendment 136 #

2016/2308(INI)

Motion for a resolution
Paragraph 6
6. NotesIs gravely concerned that measures undertaken following the declaration of the state of emergency have targeted alleged members/supporters of the Gülen movement, dissent in general and political parties of the opposition in particular; strongly condemns the imprisonment of 13 MPs belonging to the People’s Democratic Party (HDP), including its co-chairs, and of 90 Kurdish municipal mayors; expresses its great concern about the severe situation of more than one hundred political prisoners, including 34 women, who are on indefinite and non-alternate hunger strike; 13 of them entered a critical stage being on hunger strike since 15 February 2017, and on the verge of irreversible damage on their health; urges the Turkish Government to lift the state of emergency immediately; underlines that the reintroduction of the death penalty would violate Turkey’s international commitments and lead to an immediate end to the EU accession talks;
2017/05/12
Committee: AFET
Amendment 174 #

2016/2308(INI)

Motion for a resolution
Paragraph 9
9. Expresses its serious concern at the continuously deteriorating situation in south-east Turkey, especially in the areas where curfews were imposed, where some 2 000 people were reportedly killed in the context of security operations and an estimated half a million people became displaced in the period from July 2015 to December 2016; notes that local prosecutors have consistently refused to open investigations into the reported killings; recalls that the Turkish Government has a responsibility to protect all people living on its territory, irrespective of their ethnic and cultural origin, religion or beliefs; is convinced that only a fair political settlement of the Kurdish question can bring sustainable stability and prosperity both to the area and to Turkey as a whole; notes that a series of laws have created an atmosphere of ‘systematic impunity’ for the security forces; regrets the decision of the Turkish Parliament to waive the immunity of a large number of MPs unconstitutionally, paving the way for the arrests of opposition politicians;
2017/05/12
Committee: AFET
Amendment 188 #

2016/2308(INI)

Motion for a resolution
Paragraph 10 a (new)
10 a. Is deeply concerned about the entrenchment of a state-encouraged mob culture, which includes demonising and criminalising political opponents through media hostility campaigns, hate speech against Kurds, Alevis and other religious and ethnic minorities, conspiracy theories that present the EU and its member states as enemies of the Turkish people;
2017/05/12
Committee: AFET
Amendment 198 #

2016/2308(INI)

Motion for a resolution
Paragraph 11
11. Calls on Turkey to protect the rights of the most vulnerable groups and of persons belonging to minorities; regrets that the LGBTI marches in Ankara and Istanbul were banned for the second consecutive year; is seriously concerned about gender-based violence, discrimination, hate speech against minorities, lack of respect for the freedom of religion or belief including the property rights of all non-Muslim religious communities, hate crime and violations of the human rights of LGBTI persons; calls on Turkey to harmonise its domestic legislation with the Council of Europe’s Istanbul Convention, which it ratified in 2014; welcomes the government’s national strategy and action plan for Roma and encourages the authorities to address key obstacles to the social inclusion of Roma;
2017/05/12
Committee: AFET
Amendment 205 #

2016/2308(INI)

Motion for a resolution
Paragraph 11 a (new)
11 a. Stresses the need to eliminate restrictions on the training, appointment and succession of clergy, complying, to allow the reopening of the Halki Seminary and lift all obstacles for its proper functioning, and allow the public use of the ecclesiastic title of the Ecumenical Patriarch; recalls the importance of implementing the Venice Commission recommendations on Imvros and Tenedos and welcomes the opening of the Greek-minority school on the island of Imvros, which constitutes a positive step towards the preservation of the bicultural character of the island;
2017/05/12
Committee: AFET
Amendment 218 #

2016/2308(INI)

Motion for a resolution
Paragraph 12
12. WBelcomieves the deepening ofat EU- Turkey relcooperations in key areas of joint interest, such as counter-terrorism, migration, energy, the economy and trade; believes EU-Turkey cooperation in these areas to can only be an investment in the stability and prosperity of both Turkey and the EU, if it is based on the full respect of fundamental rights and the implementation of the agreements towards all Member States;
2017/05/12
Committee: AFET
Amendment 234 #

2016/2308(INI)

Motion for a resolution
Paragraph 13
13. Believes that strengthening tradTakes note of the prelations could bring concrete benefits to citizens in Turkey and the EU, and therefore supports the Commission’s proposal to start negotiations on the upgrading of the Customs Unparatory work for an upgrading of the EU-Turkey Customs Union, without prejudice to Member States' position; reiterates that the EU is Turkey’s main trading partner and that two thirds of Foreign Direct Investment (FDI) in Turkey comes from EU Member States; considers the involvementconsultation of social partners in negotiations as crubeneficial; calls on the Commission to include political benchmarks on human rights and fundamental freedoms in the upgraded Customs Unionas well as a suspension clause on the implementation towards all Member States in the upgraded Customs Union; notes that a prerequisite for the modernisation of the Customs Union is that Turkey should proceed to the full, effective and non-discriminatory implementation of the existing Customs Union vis-à-vis all MS, including the Republic of Cyprus;
2017/05/12
Committee: AFET
Amendment 249 #

2016/2308(INI)

Motion for a resolution
Paragraph 13 a (new)
13 a. Urges Turkey to proceed to a normalization of its relations with Armenia by establishing diplomatic relations without preconditions and calls for the opening of the borders which can lead to the improvement of their relations, with particular reference to cross-border cooperation and economic integration; is of the opinion that the recognition of the Armenian genocide by the Turkish Government would represent an important step to come to terms with its past and thus to pave the way for a genuine reconciliation between the Turkish and Armenian peoples;
2017/05/12
Committee: AFET
Amendment 251 #

2016/2308(INI)

Motion for a resolution
Paragraph 13 a (new)
13 a. Calls on Turkey to further align its foreign policy with that of the EU in accordance with the provisions of the Negotiating Framework;
2017/05/12
Committee: AFET
Amendment 259 #

2016/2308(INI)

Motion for a resolution
Paragraph 14
14. Notes that visa liberalisation is important for the Turkish population and will enhance people-to-people contacts; encouragescalls on the Turkish Government to withdraw unilateral declarations and to comply with the finall outstanding criteria, including revision of its anti-terrorism legislation; calls on the Turkish Government to fully and effectively implement both the Visa Liberalisation Road Map and the Readmission Agreement vis-à-vis all Member States, including cooperation on JHA issues and non-discriminatory access to the Turkish territory for the citizens of all EU Member States;
2017/05/12
Committee: AFET
Amendment 266 #

2016/2308(INI)

Motion for a resolution
Paragraph 14 a (new)
14 a. Calls on Turkey to respect the independent judicial proceedings and decisions of Member States regarding Turkish military personnel, who are either applying for asylum or whose extradition Turkey has requested; in that respect strongly condemns the Turkish Government's reaction on the decision of the Greek Supreme Court not to extradite Turkish military personnel from Greece to Turkey;
2017/05/12
Committee: AFET
Amendment 274 #

2016/2308(INI)

Motion for a resolution
Paragraph 15
15. Calls on the Commission to take into account the latest developments in Turkey when conducting the mid-term review of the Instrument for Pre-Accession Assistance (IPA) funds in 2017, and to suspend all pre-accession funds ifsince Turkey no longer sufficiently complies withdoes not fulfil the EU’s Copenhagen criteria; calls on the Commission to use those funds to support Turkish civil society and to invest more in people-to-people exchange programmes, such as Erasmus+ for students;
2017/05/12
Committee: AFET
Amendment 287 #

2016/2308(INI)

Motion for a resolution
Paragraph 15
15. Calls on the Commission to take into account the latest developments in Turkey when conducting the mid-term review of the Instrument for Pre-Accession Assistance (IPA) funds in 2017, and to suspend all pre-accession funds if Turkey no longer sufficiently complies with the EU’s Copenhagen criteria; calls on the Commission to use those funds to support directly Turkish civil society and to invest more in people-to-people exchange programmes, such as Erasmus+ for students;
2017/05/12
Committee: AFET
Amendment 293 #

2016/2308(INI)

Motion for a resolution
Paragraph 16
16. Condemns in the strongest terms all terrorist attacks carried out in Turkey, and stands firmly by Turkey’s population in our joint fight against terrorism; welcomes the close bilateral relations between EU Member States and Turkey in the field of anti-terrorism cooperation, including on ‘foreign fighters’; reiterates its condemnation of the return to violence by the Kurdistan Workers’ Party (PKK), which has been on the EU’sstresses that the inclusion of PKK on the EU's list of terrorist organisations is standing in the way of the establishment of peace, dialogue and negotiations, at the same time that facilitates the infringement of human rights; calls therefore on the Council to revise the list and remove the PKK from the list of terrorist organisations since 2002; inv; calls on the Turkish authorities the Member States to enforce legislation banning the use of signs and symbols of organisations which are on that listo restart talks with PKK leaders for a peaceful solution for the Kurdish question; and to end the confinement of Abdullah Ocalan in prison;
2017/05/12
Committee: AFET
Amendment 299 #

2016/2308(INI)

Motion for a resolution
Paragraph 16 a (new)
16 a. Calls on European Council for EU embargo on arms sales to Turkey, following the decision of Germany and Austria;
2017/05/12
Committee: AFET
Amendment 314 #

2016/2308(INI)

Motion for a resolution
Paragraph 17
17. Commends the engagement by the Turkish Government and the hospitality shown by the population in hosting around 3 million refugees; notes the EU-Turkey statement on migration, and urges the Member States to initiate the voluntary resettlement scheme for the most vulnerable refugees in Turkey; calls on the Commission to ensure long-term investment in both refugees and their host communities in Turkey; encourages the Turkish Government to grant work permits to all Syrian refugees; calls on Ankara to keep up its patrolling efforts in the Aegean and to implement fully, to enhance efforts to combat migrant smuggling and to implement fully and effectively the EU-Turkey Readmission Agreement and the bilateral readmission agreements signedin force with Bulgaria and Greece;
2017/05/12
Committee: AFET
Amendment 320 #

2016/2308(INI)

Motion for a resolution
Paragraph 17 a (new)
17 a. Stresses that including Turkey on the list of so-called safe countries would have a detrimental impact on the right to claim for asylum of Turkish citizens suffering repression in Turkey; recalls EASO's Country of Origin Information report on Turkey published in November 2016 at the request of this Parliament and the European Council, which describes concerning findings regarding Turkish's state structure, socio-political landscape, rule of law and state protection, security and human rights situation;
2017/05/12
Committee: AFET
Amendment 335 #

2016/2308(INI)

Motion for a resolution
Paragraph 18 a (new)
18 a. Calls upon the Turkish government to halt its plans for the construction of the Akkuyuy nuclear power plant; points out that the envisaged site is located in a region prone to severe earthquakes, hence posing a major threat not only to Turkey but to the Mediterranean region as a whole; requests accordingly that the Turkish government join the Espoo Convention, which commits parties to notifying and consulting each other on major projects under consideration that are likely to have a significant adverse environmental impact across boundaries; asks the Turkish government to involve, or at least consult, the governments of its neighbouring countries, such as Greece and Cyprus, during any further developments in the Akkuyuy venture;
2017/05/12
Committee: AFET
Amendment 344 #

2016/2308(INI)

Motion for a resolution
Paragraph 18 b (new)
18 b. Calls on Turkey to cooperate with relevant international organizations, especially the Council of Europe, in preventing and combatting illicit trafficking and the deliberate destruction of cultural heritage within Turkey and the occupied part of Cyprus;
2017/05/12
Committee: AFET
Amendment 345 #

2016/2308(INI)

Motion for a resolution
Paragraph 18 c (new)
18 c. Recalls its position adopted in the report on the implementation of the Common Foreign and Security Policy in 2016 about the importance of ensuring the coherence of EU policy as regards situations involving the occupation or annexation of territory; recalls, in this regard, that the immediate withdrawal of Turkish occupation forces and the full restoration of the sovereignty of the Republic of Cyprus, in line with the UNSC resolutions, should be the first step for achieving a long-term political solution, guaranteeing the well-being, security and democratic rights of all Cypriots;
2017/05/12
Committee: AFET
Amendment 347 #

2016/2308(INI)

Motion for a resolution
Paragraph 19
19. Underlines that a settlement of the Cyprus problem would have a positive impact on the entire region, while first and foremost benefiting both Greek Cypriots and Turkish Cypriots, would have a positive impact on the entire region; praises the leaders of the Greek Cypriots and Turkish Cypriots communities in Cyprus for having achieved major progress in the settlement talks; welcomes the exchange of preferred maps, thus far unprecedented, and the first international conference held with the guarantor powers; supports thfirst international conference held at Geneva with the guarantor powers and the participation of the EU; regrets the lack of tangible progress during the discussion of security-related aspects, due to the unproductive stance demonstrated by Turkey; supports a just, viable and comprehensive settlement based on a bi- communal, bi-zonal federation with political equality, a single international legal personality, single sovereignty and single citizenship with political equality between the two communities, in line with the relevant UN Security Council resolutionss set out in the relevant Security Council resolutions and High Level agreements, with a single international legal personality, single sovereignty and single citizenship , in line with international law and on the basis of respect for the principles on which the Union is founded and the acquis communautaire; welcomes the intensified engagement by the parties to achieve the settlement of the Cyprus problem; expectscalls on Turkey to show activecomply with the EU declaration issued on September 21,2005 and to actively and concretely support for the negotiations, and reiterates that Turkey’s commitment and contribution to a comprehensive settlement remain crucial; praises the important work of the Committee on Missing Persons (CMP), and calls on Turkey to allow access to all relevant sites and to assist the CMP by providing information from its military archivecalls on Turkey to immediately withdraw its troops from Cyprus and to transfer Varosha to the UN and to its lawful inhabitants in accordance with UNSC resolution 550 (1984) as an effort to pave the way for a democratic comprehensive settlement; notes that the EU has much to gain from a viable and functional settlement of the Cyprus problem, thus creating the conditions for good neighbourly relations and improvement in EU-Turkey relations;
2017/05/12
Committee: AFET
Amendment 365 #

2016/2308(INI)

Motion for a resolution
Paragraph 19 a (new)
19 a. Stresses that Turkey needs to commit itself unequivocally to good neighbourly relations, according to international agreements, including the UN Convention on the Law of the Sea, which is part of the EU acquis, the United Nations Charter and having recourse, if necessary, to the International Court of Justice; urges the Turkish Government to end the repeated violations of Greek airspace and territorial waters, as well as Turkish military aircraft flights over Greek islands;
2017/05/12
Committee: AFET
Amendment 367 #

2016/2308(INI)

Motion for a resolution
Paragraph 19 a (new)
19 a. Praises the important work of the Committee on Missing Persons (CMP), and calls on Turkey to allow unconditional access to military zones and all relevant sites and to provide relevant information from its military and other archives, thus maximising the effectiveness of the excavations conducted by the CMP; welcomes, in this respect, the appointment of EP standing rapporteur on missing persons;
2017/05/12
Committee: AFET
Amendment 371 #

2016/2308(INI)

Motion for a resolution
Paragraph 19 a (new)
19 a. Calls on Turkey to respect fully the territorial integrity and sovereignty of all of its neighbours; in particular, urges Turkey to abandon any irredentist claims on parts of the Syrian and Iraqi territory;
2017/05/12
Committee: AFET
Amendment 376 #

2016/2308(INI)

Motion for a resolution
Paragraph 19 b (new)
19 b. Calls on Turkey to fulfil its obligation of full, non-discriminatory implementation of the Additional Protocol to the EC-Turkey Association Agreement vis-à-vis all Member States, including the Republic of Cyprus, the fulfilment of which could provide a significant boost to the negotiation process; regrets that Turkey has still not made progress towards the normalization of its relations with the Republic of Cyprus; reiterates that recognition of all Member States is a necessary component of the accession process and calls for progress without any further delay;
2017/05/12
Committee: AFET
Amendment 379 #

2016/2308(INI)

Motion for a resolution
Paragraph 19 b (new)
19 b. Condemns Turkey's attacks on the Syrian Democratic Forces (SDF) and in particular its Kurdish component the People's Protection Units (YPG), which has proved to be a valuable asset for the international anti-Daesh coalition; considers that such actions undermine the international efforts to fight Daesh and calls on Turkey to immediately cease attacks against SDF and YPG and commit itself fully to the fight against Daesh and other terrorist entities recognised as such by the UNSC;
2017/05/12
Committee: AFET
Amendment 385 #

2016/2308(INI)

Motion for a resolution
Paragraph 19 c (new)
19 c. Deplores Turkey's policy of illegal settlement and calls on Turkey to refrain from further settlement of Turkish citizens in the occupied areas of Cyprus, which is contrary to the Geneva Convention and the principles of international law; urges Turkey to terminate all actions that alter the demographic balance on the island thus impeding a future solution;
2017/05/12
Committee: AFET
Amendment 389 #

2016/2308(INI)

Motion for a resolution
Paragraph 19 d (new)
19 d. Reiterates that Turkey needs to commit itself unequivocally to good neighbourly relations, international agreements and to peaceful settlement of bilateral disputes in accordance with the United Nations Charter, having recourse, if necessary, to the International Court of Justice; expresses serious concern over Turkey's renewed threats and provocations as well its decision to issue a NAVTEX purporting to reserve an area within the territorial sea, continental shelf and exclusive economic zone of the Republic of Cyprus; urges Turkey to refrain from any further threat or action which might lead to friction and crisis and might have negative effects on the negotiations for ending the unacceptable status quo; calls on Turkey to sign and ratify the United Nations Convention on the Law of the Sea (UNCLOS), which has been signed and ratified by the EU and its 28 Member States, without further delay; reiterates its call on Turkey to respect the sovereignty and sovereign rights of Member States over their territorial sea and airspace and their lawful right to enter into bilateral agreements and to explore and exploit natural resources in accordance with the EU acquis and international law, including the UN Convention on the Law of the Sea;
2017/05/12
Committee: AFET
Amendment 393 #

2016/2308(INI)

Motion for a resolution
Paragraph 19 e (new)
19 e. Reiterates relevant ECtHR decisions and calls on the Turkish Government to immediately stop the violation of the human rights of the Cypriot citizens and stop depriving them of the enjoyment and exercise of their property, religious and other human rights stemming from the constitutional order of the Republic of Cyprus and the acquis communautaire, as well as the fundamental principles and values of the EU;
2017/05/12
Committee: AFET
Amendment 395 #

2016/2308(INI)

Motion for a resolution
Paragraph 19 f (new)
19 f. Is concerned about reports indicating the collaboration of Turkey with ISIL, including the purchase of oil products and urges Turkey to refrain from such practices;
2017/05/12
Committee: AFET
Amendment 35 #

2016/2247(INI)

A. whereas the establishment of the Banking Union has been a fundamental step taken towards the completion of a genuine Economic and Monetary Union; whereas further efforts are needed as the Banking Union remains incomplete as long as it lacks a fiscal backstop and the Third Pillar of a European Deposit Insurance scheme;
2016/12/20
Committee: ECON
Amendment 44 #

2016/2247(INI)

Motion for a resolution
Recital A a (new)
Aa. whereas a completed Banking Union will be an important contribution to breaking the sovereign-risk nexus;
2016/12/20
Committee: ECON
Amendment 83 #

2016/2247(INI)

Motion for a resolution
Recital D a (new)
Da. whereas recent data show that the estimated NPLs in the euro area is EUR 1132 € billion1a; _________________ 1a2017 independent Annual Growth Survey 5th Report, 23 November 2016.
2016/12/20
Committee: ECON
Amendment 90 #

2016/2247(INI)

Motion for a resolution
Paragraph 1
1. Notes the high level of non- performing loans (NPLs) in some jurisdictions; considers that this issue is crucial and has yet to be sol; notes that notwithstanding the moderate economic recovery in some jurisdictions the latest data on NPLs have peaked or show a declining trend; considers that this issue is crucial but until now it has been only addressed at national levedl; welcomes the work of the SSM and its draft guidance on this issue; looks forward to the results of the work on a minimum EU insolvency framework; calls on Member States to improve their insolvency legislation and to stimulate growth in order to tackle NPLs; calls for the development of a NPL primary and secondary market, possibly at the European level, in the form of a securitisation market; suggests the establishment of dedicated asset management companies (or "bad banks") and enhanced supervision;
2016/12/20
Committee: ECON
Amendment 129 #

2016/2247(INI)

Motion for a resolution
Paragraph 2
2. Considers that there are risks associated wiStresses the importance of the objective of the Banking Union to break the sovereign debt; notes, however,-risk nexus; notes that modifying its prudential treatment could have a significantly negative effect on the financial sector, which calls for caution in reform efforts; awaits with interest the results of the international work on this issue; considers that, in the end, a betterEU regulatory framework, be it European or international, will be neede should be consistent with the international standard;
2016/12/20
Committee: ECON
Amendment 158 #

2016/2247(INI)

Motion for a resolution
Paragraph 4
4. Points out that guidance provided by international fora should be used in order to avoid the risk of regulatory fragmentation; , but recalls the Parliament's resolution of 23 November 2016 on the finalisation of Basel III which recalled that the current revision should not bring about a significant increase in overall capital requirements, and underlined the principle of the BCBS to promote the level playing field at the global level by mitigating - rather than exacerbating - the differences between jurisdictions and banking models, and by not unduly penalising the EU banking model;
2016/12/20
Committee: ECON
Amendment 165 #

2016/2247(INI)

Motion for a resolution
Paragraph 4 a (new)
4a. Insists on the importance of adequate representation of the European Union in international financial institutions and the need to coordinate positions, as stressed in its resolution of 12 April 2016 on the EU role in the framework of international financial, monetary and regulatory institutions and bodies;
2016/12/20
Committee: ECON
Amendment 217 #

2016/2247(INI)

Motion for a resolution
Paragraph 8
8. Points out thatWelcomes the progress made to prepare for allowing some delegation in the area of fit and proper decisions; nevertheless points out that a change in the regulations is needed to allow more and easier delegation of decision-making on some routine issues from the Supervisory Board to relevant officials c; would welcome such a change which would contribute to making ECB banking supervision more efficient;
2016/12/20
Committee: ECON
Amendment 231 #

2016/2247(INI)

Motion for a resolution
Paragraph 9
9. Recalls the need to find, in the exercise of supervision, a balance between the need for proportionality and the need for a consistent approach; welcomes the Commission's proposal of November 2016, which introduces more proportionality and reduces some of the regulatory costs for smaller institutions;
2016/12/20
Committee: ECON
Amendment 239 #

2016/2247(INI)

Motion for a resolution
Paragraph 9 a (new)
9a. Encourages the streamlining of requirements to avoid double reporting and unnecessary additional costs of regulation; calls on the Commission to address the issue in due course in line with their conclusions from the call for evidence;
2016/12/20
Committee: ECON
Amendment 248 #

2016/2247(INI)

Motion for a resolution
Paragraph 9 b (new)
9b. Reiterates its stressing of the importance of strong and well- functioning IT systems corresponding to the needs of the supervisory functions of the SSM and security concerns, regrets recent reports about persisting weaknesses in the IT system;
2016/12/20
Committee: ECON
Amendment 253 #

2016/2247(INI)

Motion for a resolution
Paragraph 9 c (new)
9c. Welcomes the excellent work of the Joint Supervisory Teams (JSTs) which are a good example of European cooperation and knowledge building; points out that the proposed future use of a rotating system in the organisation of JSTs should guarantee objective supervision while taking into consideration the lengthy process of knowledge building in this very complex field of expertise;
2016/12/20
Committee: ECON
Amendment 256 #

2016/2247(INI)

Motion for a resolution
Paragraph 9 d (new)
9d. Recalls the need to dedicate more ECB personnel to the SSM to avoid over- reliance on staff from NCAs which potentially jeopardises the ECB supervisory tasks; welcomes the ECB's cooperation with the European Parliament on staff working conditions; underlines the importance of a good working environment that fosters professional cohesion in the ECB;
2016/12/20
Committee: ECON
Amendment 258 #

2016/2247(INI)

Motion for a resolution
Paragraph 9 e (new)
9e. Welcomes that the Banking Union has widely eliminated the home-host issue in supervision by the establishment of a single supervisor and the greatly improved exchange of relevant information between supervisory authorities, enabling a more holistic supervision of cross-border banking groups; stresses that, due to the current incomplete state of the Banking Union, the CRR review on liquidity and capital waivers needs to appropriately take into account concerns of consumer protection in host countries;
2016/12/20
Committee: ECON
Amendment 265 #

2016/2247(INI)

9h. Welcomes the ECB initiative to oblige supervised banks to report significant cyber-attacks under a real- time alert service and the SSM on-site inspections to supervise cyber-security; calls for the establishment of a legal framework which facilitates the exchange of sensitive information relevant to prevent cyber-attacks between banks;
2016/12/20
Committee: ECON
Amendment 267 #

2016/2247(INI)

Motion for a resolution
Paragraph 9 i (new)
9i. Stresses the crucial role of cyber- security for banking services and the need to incentivise financial institutions to be very ambitious in protecting consumer data and guaranteeing cyber-security;
2016/12/20
Committee: ECON
Amendment 277 #

2016/2247(INI)

Motion for a resolution
Paragraph 10
10. Recalls the need to adhere to State aid rules in the context of bank resolution; takes the view that enoughDoubts that the current State aid rules are clear enough in the context of bank resolution; calls for the definition of efficient procedures between the SRB and the Commission for decision-making in the event of a resolution, especially concerning the timeframe; takes the view that the flexibility is embedded within the current framework to address specific situations and might beshould be clarified and better exploited, in particular in the case of preventive and alternative measures involving the use of DGS funds; as stated in DGSD Article 11(3) and (6);2a _________________ 2a OJ L 173, 12.6.2014, pp.166-167.
2016/12/20
Committee: ECON
Amendment 289 #

2016/2247(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Underlines the importance to clarify practical issues which are directly affecting resolution, such as the reliance on service providers which provide critical services for example in the case of out- sourced IT services;
2016/12/20
Committee: ECON
Amendment 300 #

2016/2247(INI)

Motion for a resolution
Paragraph 11
11. Takes note of the differences between the FSB TLAC standard and the MREL; stresses, however, that both standards share the same objective; concludes therefore that a holistic approach to loss-absorption can be reached by combining the two; highlights that due consideration should be given to retaining the two criteria of size and risk-weighted assets; emphasizes that market disclosure should be made in an appropriate manner in order to avoid investor misinterpretation of the MREL requirements;
2016/12/20
Committee: ECON
Amendment 307 #

2016/2247(INI)

Motion for a resolution
Paragraph 11 a (new)
11a. Calls for a careful calibration of MREL requirements considering that a disproportionate amount would entail unnecessarily high funding costs and could reduce the capacity of banks to finance the economy;
2016/12/20
Committee: ECON
Amendment 368 #

2016/2247(INI)

Motion for a resolution
Paragraph 19
19. Is aware of the potential benefnecessitsy of an EDIS; is nevertheless of the opinion that risk reduction measures are an indispensable counterparty to its establishment in order toto prevent moral hazard; points out the progress made in risk reduction since the establishment of the Banking Union in particular with the SSM and the SRM and the wide range of prevudent moral hazard, and that such measures should preferably precede risk sharingial measures which have been taken with respect to banks; is of the opinion that risk sharing measures should now proceed speedily;
2016/12/20
Committee: ECON
Amendment 407 #

2016/2247(INI)

Motion for a resolution
Paragraph 22
22. Highlights that Article 114 seems to be anis the appropriate legal basis for the establishment of both the EDIS and the DIF;
2016/12/20
Committee: ECON
Amendment 415 #

2016/2247(INI)

Motion for a resolution
Paragraph 23 a (new)
23a. Recalls that the role of the Commission is to guarantee a level playing field across the EU and that it should avoid any fragmentation within the internal market;
2016/12/20
Committee: ECON
Amendment 434 #

2016/2247(INI)

Motion for a resolution
Paragraph 24 a (new)
24a. Is of the opinion that in order to restore trust, a fiscal backstop needs to work for the Banking Union as a whole;
2016/12/20
Committee: ECON
Amendment 436 #

2016/2247(INI)

Motion for a resolution
Paragraph 24 b (new)
24b. Underlines that the restrictive eligibility criteria of the ESM's direct bank recapitalisation instrument limit its effectiveness; highlights that a more easily accessible mechanism for direct bank recapitalisation would boost depositor confidence, contribute to breaking the sovereign-bank link and reinforce financial stability;
2016/12/20
Committee: ECON
Amendment 217 #

2016/2101(INI)

Motion for a resolution
Paragraph 11a (new)
11a. Points out that almost two thirds of the territory-related CSRs this year concerned administrative capacity issues and were addressed to vast majority of Member States; stresses therefore, that the Structural Reform Support Programme (SRSP) should be open to local and regional authorities, involving them directly when putting together the structural reform project in question;
2016/08/30
Committee: ECON
Amendment 288 #

2016/2064(INI)

Motion for a resolution
Paragraph 29
29. Acknowledges that GDP and the number of projects approved are linked; recognises that larger Member States are able to take advantage of more developed capital markets and are therefore more likely to benefit from a market-driven instrument such as EFSI; underlines that lower EFSI support in EU-13 may be attributable to other factors, such as the small size of projects, and competition from the European Structural and Investment Funds (ESIF); observes with concern, however, the disproportionate benefit to certain countries and underlines the need to diversify geographical distribution further, especially in crucial sectors such as modernising and improving the productivity and sustainability of economies;
2017/03/02
Committee: BUDGECON
Amendment 358 #

2016/2064(INI)

Motion for a resolution
Paragraph 46
46. Is deeply cwoncderned thating why the EIB has been pushing via EFSI toostulating not to discriminate against supporting projects that have been structured using firms in tax havensjurisdictions that may be classified as non-cooperative by the EU; urges the EIB and the EIF to refrain from making use of or engaging in tax avoidance structures, in particular aggressive tax planning schemes, or practices which do not comply with EU good governance principles on taxation, as set out in the relevant Union legislation, including Commission recommendations and communications;
2017/03/02
Committee: BUDGECON
Amendment 6 #

2016/2059(INI)

Draft opinion
Paragraph 1
1. Recalls that energy is a basic human good and that the EU must ensure equal access to affordable energy for all and to combat energy poverty;
2016/07/18
Committee: INTA
Amendment 9 #

2016/2059(INI)

Draft opinion
Paragraph 2
2. Stresses that trade plays a key role in energy security, and that strong energy partnerships, reinforced by the inclusion of energy chapters in the EU’s trade agreements, are essential tools; underlines the need for coherence between the EU’s trade policy and the principles of EU energy policy; considers it to be of key importance that the EU’s trade agreements enhance the EU’s energy diversification and reduce its dependence on imported energy from too few suppliers; notes that EU should play a more proactive role in the international energy diplomacy arena;
2016/07/18
Committee: INTA
Amendment 14 #

2016/2059(INI)

Draft opinion
Paragraph 2 – subparagraph 1 (new)
Underlines that EU should collaborate closely with international partners towards competitive and transparent global LNG market;
2016/07/18
Committee: INTA
Amendment 15 #

2016/2059(INI)

Draft opinion
Paragraph 2 – point 1 (new)
(1) Points out that EU is the second largest importer of liquefied natural gas (LNG) in the world; underlines that LNG and gas storage are essential in reducing dependence on a single energy supplier and in achieving energy diversification and enhancing energy security; stresses the urgent need for the EU to actively pursue the development of its indigenous energy sources, including the natural gas deposits in the Cyprus EEZ, and to support an LNG liquefaction terminal in Cyprus, which will also give the opportunity to exploit significant deposits from neighbouring areas (Egypt, Israel, Lebanon), thus contributing to peace and prosperity in the region;
2016/07/18
Committee: INTA
Amendment 27 #

2016/2059(INI)

Draft opinion
Paragraph 4
4. Stresses the need to ensure the highestat LNG exporting countries apply proper environmental standards in the planning, construction and use of liquefied natural gas (LNG); as well as respect the international labour standards on occupational health and safety regulations;
2016/07/18
Committee: INTA
Amendment 45 #

2016/2059(INI)

Draft opinion
Paragraph 6 – subparagraph 1 (new)
Stresses the fact the LNG and gas storage shall contribute towards ending any kind of energy isolation of the EU Member States and regions by supporting the more remote and or/less well connected Member States and regions in order to diversify their sources and routes of supply by creating new LNG terminals, distribution systems and gas interconnectors with reverse flow capabilities;
2016/07/18
Committee: INTA
Amendment 49 #

2016/2059(INI)

Draft opinion
Paragraph 6 a (new)
6a. Stresses that EU should support LNG investments, giving priority in the more remote and or/less well connected Member States and regions, through EU financial instruments such as European Fund for Strategic Investment and the Connecting Europe Facility, that will attract global investment capital to the EU;
2016/07/18
Committee: INTA
Amendment 58 #

2016/2059(INI)

Draft opinion
Paragraph 7
7. Pointsing out that LNG trading prices have been declining internationally and that price differentials between pipeline imports and LNG have also decreased; considers, therefore, that the key challenge is to address bottlenecks and energy security concerns in relation both to trade and to optimising storage capacity.e uncertainties in prices in LNG market, considers important that the key challenge is to address bottlenecks and energy security concerns in relation both to trade and to optimising storage capacity as well as to creating new LNG terminals, to optimising the utilisation of new and existing LNG terminals and to develop interconnections; this will allow cross- border trade and create competitive and well-integrated regional energy markets;
2016/07/18
Committee: INTA
Amendment 60 #

2016/2059(INI)

Draft opinion
Paragraph 7 – subparagraph 1 (new)
Points out that the development of new LNG terminals and the diversification of supply sources, especially in the Mediterranean, the Black Sea and Caspian region, will allow gas-to-gas competition and will replace imports of natural gas volumes under oil-indexed contracts thus increasing EU bargaining power;
2016/07/18
Committee: INTA
Amendment 145 #

2016/2047(BUD)

Motion for a resolution
Paragraph 39 a (new)
39 a. Deems it necessary to increase appropriations for the Turkish Cypriot Community budget line (+EUR 3 million) for the purpose of contributing decisively to the continuation and intensification of the mission of the Committee on Missing Persons in Cyprus and of supporting the bicommunal Technical Committee on Cultural Heritage, thus promoting trust and reconciliation between the two communities;
2016/10/04
Committee: BUDG
Amendment 1 #

2016/2031(INI)

Motion for a resolution
Citation 4 a (new)
- having regard to the 21 September 2005 EU declaration pertaining to the full, non-discriminatory implementation of the Additional Protocol by Turkey to all EU Member States,
2017/03/02
Committee: INTA
Amendment 2 #

2016/2031(INI)

Motion for a resolution
Citation 5 a (new)
- having regard to the EU Common Position at the 53rd Association Council of 18 May 2015,
2017/03/02
Committee: INTA
Amendment 3 #

2016/2031(INI)

Draft opinion
Paragraph - 1 b (new)
1b. Welcomes the greater transparency within the Commission and the increased role of Parliament in relation to the negotiation of international agreements, and supports the Commission’s transparency initiative, particularly in respect of trade agreements;
2017/02/02
Committee: AFET
Amendment 4 #

2016/2031(INI)

Motion for a resolution
Recital A (new)
Aa. whereas Turkey is a candidate country since 2005, but in the framework of the accession process the opening of eight negotiating chapters has been blocked due to the non-application of the Additional Protocol of the Ankara Association Agreement to one Member State, Cyprus;
2017/03/02
Committee: INTA
Amendment 6 #

2016/2031(INI)

Draft opinion
Paragraph 1
1. Stresses that while the modernisation of the Customs Union will further strengthen the already strong economic ties between Turkey and the European Union (EU), and will keep Turkey economically anchored to the EUthis cannot proceed when Turkey has not fully and effectively implemented the existing Customs Union towards all member states including the Republic of Cyprus; believes that strengthening trade relations could bring concrete benefits to citizens in Turkey and EU Member States, and also contribute to both sides engaging in a positive reform agenda while mitigating political tensions with Ankara on the deteriorating situation of the rule of law and fundamental freedoms in the country;
2017/02/02
Committee: AFET
Amendment 7 #

2016/2031(INI)

1. Stresses that modernisation and effective implementation of the Customs Union will further strengthen the already strong economic ties between Turkey and the European Union (EU) and will keep Turkey economically anchored to the EU; recalls that the Customs Union can only reach its full potential when Turkey fully implements the Additional Protocol vis-à-vis all Member States; believes that strengthening trade relations could bring concrete benefits to citizens in Turkey and EU Member States, and also contribute to both sides engaging in a positive reform agenda while mitigating political tensions with Ankara on the deteriorating situation of the rule of law and fundamental freedoms in the country; reiterates its concern over the overall situation of democracy and human rights;
2017/02/02
Committee: AFET
Amendment 7 #

2016/2031(INI)

Motion for a resolution
Recital B
B. whereas the Customs Union has shown that it clearly fails to meet the requirements of trade relations between the parties and has not been implemented effectively;
2017/03/02
Committee: INTA
Amendment 13 #

2016/2031(INI)

Motion for a resolution
Recital C
C. whereas Turkey has been implementing an ever increasing number of tariff and non-tariff barriers over time; in breach of the provisions of the Customs Union and to the detriment of European companies;
2017/03/02
Committee: INTA
Amendment 13 #

2016/2031(INI)

Draft opinion
Recital C b (new)
C b. whereas Turkey has not proceeded to the full, effective and non- discriminatory implementation of the existing CU towards the Republic of Cyprus;
2017/01/26
Committee: LIBE
Amendment 19 #

2016/2031(INI)

2. Notes that the upgrade of the EU-Turkey trade relations forms an essential part of the efforts made by the EU and Turkey to deepen their relations in key areas of joint interest identified at the EU-Turkey Summit of 29 November 2015 and in the EU-Turkey statement of 18 March 2016; states that this is even more important now that the accession talks are stalled despite the significant short- and long-term strategic interests for both the EU as Turkey, such as trade, migration, the fight against terrorism, energy and stability in the neighbourhood;
2017/02/02
Committee: AFET
Amendment 25 #

2016/2031(INI)

Draft opinion
Paragraph 3
3. Takes note of Turkey’s recent rapprochement with Russia and the statements of the Turkish Government regarding the country’s possible accession to the Shanghai Cooperation Organisation; reiterates that the EU is Turkey’s main trading partner and that two thirds of the Foreign Direct Investment (FDI) in Turkey comes from EU Member States; emphasises that the Customs Union requires Turkey to align its legislation with the acquis communautaire; recalls the finding from the 2016 report on Turkey that duty relief, free zones, surveillance measures and management of tariff quotas are not fully in line with the acquis; notes the Commissions’ conclusion that further trade integration with the EU would be stimulated by Turkey’s elimination of impediments to the functioning of the Customs Union;
2017/02/02
Committee: AFET
Amendment 25 #

2016/2031(INI)

Motion for a resolution
Recital D a (new)
Da. whereas Turkey's refusal to meet its legal obligations towards EU for free trade with all EU Member States, results in inadequate implementation of the existing CU and in serious trade and economic losses for EU;
2017/03/02
Committee: INTA
Amendment 27 #

2016/2031(INI)

Draft opinion
Paragraph 3
3. Takes note of Turkey’s recent rapprochement with Russia and the statements of the Turkish Government regarding the country’s possible accession to the Shanghai Cooperation Organisation; rReiterates that the EU is Turkey’s main trading partner and that two thirds of the Foreign Direct Investment (FDI) in Turkey comes from EU Member States; emphasises that the Customs Union requires Turkey to align its legislation with the acquis communautaire;
2017/02/02
Committee: AFET
Amendment 27 #

2016/2031(INI)

Draft opinion
Paragraph 2
2. Considers that modernising, balancing and widening the CU to include services, public procurement and agriculture would involve benefits for both parties; had Turkey proceeded to the full and effective implementation of the existing CU towards all EU Member States including the Republic of Cyprus, in a non-discriminatory manner;
2017/01/26
Committee: LIBE
Amendment 30 #

2016/2031(INI)

Motion for a resolution
Recital E
E. having regard to the will of the parties to expand and improve trade relations and the decision to launch negotiations to modernise the Customs Union and extend its scope;
2017/03/02
Committee: INTA
Amendment 31 #

2016/2031(INI)

Draft opinion
Paragraph 4
4. Underlines the growing geopolitical and economic challenges facing Turkey as a result of instability in its neighbourhood, terrorism and the aftermath of the coup attempt of 15 July 2016; stresses that while the chaos and instability in the Middle East, the Russian annexation of Crimea and intervention in Ukraine, are adversely affecting Turkey’s foreign trade within its neighbourhood, an upgraded Customs Union can help Turkey to overcome the challenges it faces, and contribute to transforming Turkey into a pillar of stability and an engine of growth for its citizens, if the necessary reforms are made by the governmentgiven that Turkey fulfils its obligations towards all EU member states and respects the rule of law;
2017/02/02
Committee: AFET
Amendment 33 #

2016/2031(INI)

Draft opinion
Paragraph 4
4. Underlines the growing geopolitical and economic challenges facing Turkey as a result of instability in its neighbourhood, terrorism and the aftermath of the coup attempt of 15 July 2016; stresses that while the chaos and instability in the Middle East, the Russian annexation of Crimea and intervention in Ukraine, are adversely affecting Turkey’s foreign trade within its neighbourhood, an upgraded Customs Union can help Turkey to overcome the challenges it faces, and contribute to transforming Turkey into a pillar of stability and an engine of growth for its citizens, if the necessary reforms are made by the governmentwhile noting at the same time that the necessary reforms have to be made by the government and that Turkey has to return to the path of democracy and the restoration of the rule of law;
2017/02/02
Committee: AFET
Amendment 34 #

2016/2031(INI)

Motion for a resolution
Recital E a (new)
Ea. whereas in its resolution adopted on 24 November 2016, the European Parliament called for a temporary freeze on the accession negotiations as long as the situation of human rights and civil liberties does not improve in Turkey;
2017/03/02
Committee: INTA
Amendment 44 #

2016/2031(INI)

Draft opinion
Paragraph 5
5. WelcomNotes the fact that Turkish regulatory alignment with EU standards resulting from the conclusion of the Customs Union has made the country more competitive; believes that the modernisation of the Customs Union would provide an opportunity for Turkey to revisit its growth model and escape from the ‘middle income (country) trap’; welcomnotes the fact that the deepening of the Customs Union will have a positive influence on Turkey’s economic governance and strengthen Turkey’s independent regulatory institutions;
2017/02/02
Committee: AFET
Amendment 50 #

2016/2031(INI)

Draft opinion
Paragraph 6
6. Calls on the Commission to include political benchmarks in the upgraded Customs Union between Turkey and the EUuncil and the Commission to demand from Turkey to fulfil all its obligations towards all Member States in a non-discriminatory manner before an upgraded Customs Union is finalised that must include political benchmarks on human rights and fundamental freedoms.
2017/02/02
Committee: AFET
Amendment 52 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – introductory part
1. Addresses, in connection with the trade negotiations between the EU and Turkey, and provided that an improvement of the situation of human rights takes place in Turkey before the Council issues a negotiating mandate, the following recommendations to the Council and the Commission:
2017/03/02
Committee: INTA
Amendment 52 #

2016/2031(INI)

Draft opinion
Paragraph 6
6. CWith respect to the principle of non-discriminatory reciprocity by Turkey, considers that visa-free travel or the creation of a long-term multiple-entry visa for business travellers would have a positive impact on bilateral trade;
2017/01/26
Committee: LIBE
Amendment 55 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point a – point i
(i) while recognising Turkey’s strategicimportant role due to its geographical proximity and to its historical, cultural, political and commercial ties with the EU, the development of a new trade framework has to be an integral, albeit specific, part of the EU’s global policy and, in particular, of the principles and objectives of its external action;
2017/03/02
Committee: INTA
Amendment 59 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point a – point ii
(ii) the strengthening of trade relations between the EU and Turkey should be set against the background of the common will of the parties to share the set of values and principles laid down in the EU's founding treaties, including the Charter of Fundamental Rights, and to work together to implement them fully and comprehensively; besides, in case of a repeated deterioration of the situation of human rights and fundamental freedoms in Turkey during the negotiations process, the trade discussions should be temporarily frozen;
2017/03/02
Committee: INTA
Amendment 59 #

2016/2031(INI)

Draft opinion
Paragraph 7
7. Regrets that to date Turkey has not fulfilled 7 out of 72 benchmarks of the visa liberalisation roadmap and recalls the need for Turkey to meetfulfil all 72 benchmarks towards all Member States in a non- discriminatory manner before an update of the Customs Union in the field of services can take places considered; considers that the criteria for visa liberalisation should never be bent for political reasons.
2017/01/26
Committee: LIBE
Amendment 60 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point a – point ii
(ii) the strengthening of trade relations between the EU and Turkey should be set against the background of the common will of the parties to share the set of values and principles laid down in the EU's founding treaties, including the Charter of Fundamental Rights, and to work together to implement them fully and comprehensively; in this respect, a suspension clause on human rights and fundamental freedoms should be included in the upgraded customs union between Turkey and the EU;
2017/03/02
Committee: INTA
Amendment 60 #

2016/2031(INI)

Draft opinion
Paragraph 7
7. Regrets that to date Turkey has not fulfilled 7 out of 72 benchmarks of the visa liberalisation roadmap according to the Commission’s proposal and recalls the need for Turkey to meet all 72 benchmarks before an update of the Customs Union in the field of services can take place; considers that the criteria for visa liberalisation should never be bent for political reasons.
2017/01/26
Committee: LIBE
Amendment 62 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point a – point ii
(ii) the strengthening of trade relations between the EU and Turkey should be set against the background of the common will of the parties to share the set of values and principles laid down in the EU's founding treaties, including the Charter of Fundamental Rights, and to work together to implement them fully and comprehensively; reiterates its deep concern over the severe deterioration of human rights situation, democratic principles and the rule of law in Turkey;
2017/03/02
Committee: INTA
Amendment 67 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point a – point iii
(iii) with a view to the start of the negotiations, the economic, social, political and legal conditions under which they are to take place and which, in any case, will determine the effects of those negotiations on citizens' lives, should be specifically and carefully considered; to this aim, the results of the public consultation and of the impact assessment should be duly taken into account; similarly, the findings of the Sustainability Impact Assessment - resulting from several consultations with civil society, social partners, NGOs and all relevant stakeholders - will have to effectively feed into the negotiations, notably regarding flanking measures identified to compensate possible negative impacts;
2017/03/02
Committee: INTA
Amendment 69 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point a – point iii
(iii) with a view to the start of the negotiations, the economic, social, political and legal conditions under which they possible negotiations are to take place and which, in any case, will determine the effects of those negotiations on citizens' lives, should be specifically and carefully considered; social partners and civil society should be involved in this process;
2017/03/02
Committee: INTA
Amendment 79 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point a – point v
(v) the agreement on the modernisation of the Customs Union and the strengthening of trade relations between the EU and Turkey will have to be applied fully and, equally to all Member Stateand in a non-discriminatory manner to all Member States, including the Republic of Cyprus;
2017/03/02
Committee: INTA
Amendment 81 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point a – point vi
(vi) the entire negotiating process should be based on the principles of transparency and full access to the proceedings; the Commission shall continue to monitor and report closely the ongoing human rights, social and economic situation in Turkey at every step of this process and in the event of the deterioration of the situation, suspension of the process shall be invoked;
2017/03/02
Committee: INTA
Amendment 82 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point a – point vi
(vi) the entire negotiating process should be based on the principles of transparency and full access to the proceedings allowing adequate monitoring from the European Parliament; calls on the Council to publish the negotiating mandate as soon as possible;
2017/03/02
Committee: INTA
Amendment 92 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point b – point i
(i) a prerequisite for the modernisation of the Customs Union is that Turkey shouldall refrain from adopting any protectionist or restrictive measures, such as the unilateral imposition of customs duties and non-tariff barriers on goods produced in the EU, including goods released for free circulation, or government policies to reduce imports;
2017/03/02
Committee: INTA
Amendment 93 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point b – point i
(i) a prerequisite for the modernisation of the Customs Union is that Turkey should refrain from adopting any protectionist or restrictive measures, such as the unilateral imposition of customs duties and non-tariff barriers on goods produced in the EU, including goods released for free circulation coming from third countries, or government policies to reduce imports;
2017/03/02
Committee: INTA
Amendment 94 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point b – point i a (new)
(ia) a prerequisite for launching negotiations for the modernisation of the Customs Union is that Turkey should proceed to the full, effective and non- discriminatory implementation of the existing Customs Union vis a vis all MS, including the Republic of Cyprus;
2017/03/02
Committee: INTA
Amendment 99 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point b – point iii
(iii) the fight against counterfeiting, piracy, the trade in wild animals and food fraud are importantfundamental aspects of the Customs Union to safeguard consumers and companies;
2017/03/02
Committee: INTA
Amendment 107 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point b – point v
(v) it is important to introduce an effective dispute settlement mechanism that is able to ensure the full, effective and non-discriminatory implementation of the CU vis a vis all MS and to operate within a framework of impartiality and legal certainty in keeping withfully implementing the rules and practice of the WTO;
2017/03/02
Committee: INTA
Amendment 110 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point b – point v
(v) it is important to introduce an effective dispute settlement mechanism that is able to operate within a framework of impartiality and legal certainty in keeping with the rules and practice of the WTO;
2017/03/02
Committee: INTA
Amendment 113 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point b – point vi
(vi) in order to enable Turkey to become more involved in the decision- making process related to the EU's trade policy, and provided there is significant progress in terms of convergence and legislative harmonisation, it would be helpful to allow Turkey access as an observer;deleted
2017/03/02
Committee: INTA
Amendment 119 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point b – point vii
(vii) in relation to the negotiation of trade agreements between the EU and third countries in which Turkey does not participate, methods of involvement that respect the sovereignty and negotiating independence of the EU need to be considered;deleted
2017/03/02
Committee: INTA
Amendment 121 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point b – point vii
(vii) in relation to the negotiation of trade agreements between the EU and third countries in which Turkey does not participate, methods of involvement that respect the sovereignty and negotiating independence of the EU need to be considered, EU could encourage third countries to start trade negotiations with Turkey;
2017/03/02
Committee: INTA
Amendment 135 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point c – point ii
(ii) the liberalisation of the sectors that are not currently included in the Customs Union should take place in a progressive and binding manner, by measuring its impact on businesses, particularly SMEs, workers, consumers and the environment. To that end, parliamentary institutions, both at EU level and nationally, can play an active role in liaising and holding talks with stakeholders and civil society;
2017/03/02
Committee: INTA
Amendment 139 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point c – point iii
(iii) negotiations shouldmust focus on the active promotion of decent work for all and the effective fight against national practices which seek to undermine the social and environmental substance of work for the purpose of promoting domestic production and attracting foreign investment by means of a specific chapter on sustainable development that includes binding provisions and a sanctions based mechanism;
2017/03/02
Committee: INTA
Amendment 157 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point c – point vi
(vi) owing to its importance and impact, the services sector should be liberalised preferably on the basis of a positive list approach and of stringent transparency criteria, full reciprocity, non-discrimination and legislative harmonisation, with the exclusion in the negotiating mandate of audiovisual services and services of general economic interest;
2017/03/02
Committee: INTA
Amendment 162 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point c – point vi
(vi) owing to its importance and impact, the services sector should be liberalised on the basis of positive lists and stringent transparency criteria, full reciprocity, non- discrimination and legislative harmonisation, with the exclusion of audiovisual services and services of general economic interest;
2017/03/02
Committee: INTA
Amendment 167 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point c – point vii
(vii) in areas such as the digital economy, telecommunications, postal services and financial services, great attention shouldhas to be paid to aspects relating to data protection; in the transport sector, the current quota system should be maintained;
2017/03/02
Committee: INTA
Amendment 172 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point c – point viii
(viii) rigorous procedures should be established regarding the temporary entry and residencestay of professionals;
2017/03/02
Committee: INTA
Amendment 174 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point c – point viii a (new)
(viiia) being the European public procurement market largely open, negotiations should aim at obtaining full reciprocity at all levels of government, restoring thus a level playing field, and further alignment and approximation of Turkish legislation to the acquis communautaire in that sector;
2017/03/02
Committee: INTA
Amendment 175 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point c – point viii b (new)
(viii b) on rules, it will be important to negotiate specific provisions for SMEs, binding and enforceable provisions on sustainable development and a proper protection of European GIs;
2017/03/02
Committee: INTA
Amendment 183 #

2016/2031(INI)

Motion for a resolution
Paragraph 1 – point c – point x
(x) the inclusion of the energy and commodity sectors represents strategic added value in EU-Turkey trade relations, provided that an open, competitive and non-discriminatory economic environment is established;deleted
2017/03/02
Committee: INTA
Amendment 51 #

2016/0364(COD)

Proposal for a directive
Recital 6 a (new)
(6a) The principle of equal pay for male and female workers for equal work or work of equal value is laid down in art 157 TFEU. This needs to be applied in a consistent way by credit institutions and investment firms. Therefore they should demonstrate a gender neutral remuneration policy.
2018/02/02
Committee: ECON
Amendment 103 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2 – point a
Directive 2013/36/EU
Article 3 – point 64 a (new)
(64a) Gender neutral remuneration policy in a credit institution or investment firm means a remuneration policy based on equal pay for women and men for equal work or work of equal value.
2018/02/02
Committee: ECON
Amendment 171 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 11 a (new)
Directive 2013/36/EU
Article 74
(11a) Article 74 is amended as follows: "1. Institutions shall have robust governance arrangements, which include a clear organisational structure with well- defined ,transparent and consistent lines of responsibility, effective processes to identify, manage, monitor and report the risks they are or might be exposed to, adequate internal control mechanisms, including sound administration and accounting procedures, and remuneration policies and practices that are consistent with and promote sound and effective risk management. Those remuneration policies and practices shall be gender neutral. .2. The arrangements, processes and mechanisms referred to in paragraph 1 shall be comprehensive and proportionate to the nature, scale and complexity of the risks inherent in the business model and the institution's activities. The technical criteria established in Articles 76 to95 shall be taken into account 3. EBA shall issue guidelines on the 3. arrangements ,processes and mechanisms referred to in paragraph 1, in accordance with paragraph 2. (http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013L0036&from=EN)One year after the adoption of this directive, EBA will issue guidelines on gender neutral remuneration policy for credit institutions and investment firms. Two years after the publication of these guidelines and based on the information collected by the national competent authorities, EBA will draft a report about the application of gender neutral remuneration policies by credit institutions and investment firms. " Or. en
2018/02/02
Committee: ECON
Amendment 172 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 12
Directive 2013/36/EU
Article 75 – paragraph 1
1. Competent authorities shall collect the information disclosed in accordance with the criteria for disclosure established in points (g), (h), (i) and (k) of Article 450(1) of Regulation (EU) No 575/2013 and shall use its well as the information provided by credit institutions and investment firms on the gender pay gap and shall use this information to benchmark remuneration trends and practices. The competent authorities shall provide EBA with that information.
2018/02/02
Committee: ECON
Amendment 208 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 15 – point b a (new)
Directive 2013/36/EU
Article 92 – paragraph 2 – point a a (new)
(ba) In paragraph 2, the following point (aa) is inserted: (aa) the remuneration policy is gender neutral: female and male workers will be equally remunerated for equal work or work of equal value.
2018/02/02
Committee: ECON
Amendment 271 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 21 – point a
Directive 2013/36/EU
Article 104 – paragraph 1 – introductory part
1. For the purposes of Article 92(2)(b), Article 97, Article 98(4), Article 101(4) and Article 102 and the application of Regulation (EU) No 575/2013, competent authorities shall have at least the following powers:
2018/02/02
Committee: ECON
Amendment 275 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 21 – point a
Directive 2013/36/EU
Article 104 – paragraph 1 – point g
(g) to require institutions to limit variable remuneration as a percentage of net revenues where it is inconsistent with the maintenance of a sound capital base; and, to require credit institutions and investment firms to comply with the guidelines issued by EBA on gender neutral remuneration policies.
2018/02/02
Committee: ECON
Amendment 109 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 13
Directive 2014/59/EU
Article 17 – paragraph 3 – subparagraph 2
Where a substantive impediment to resolvability is due to a situation referred to in Article 141a(2) of Directive 2013/36/EU the institution shall, within two weeks of the date of receipt of a notification made in accordance with paragraph 1, propose to the resolution authority possible measures to ensure that the institution complies with Articles 45f or 45g and the requirement referred to in Article 128(6) of Directive 2013/36/EU. The two week deadline may be extended by the resolution authority, in consultation with the competent authority, taking into account the specific circumstances of the case.
2018/01/29
Committee: ECON
Amendment 120 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 17
Directive 2014/59/EU
Article 18 – paragraph 3 – subparagraph 2
Where those impediments are due to a situation referred to in Article 141a(2) of Directive 2013/36/EU, the Union parent undertaking shall, within two weeks of the date of receipt of a notification made in accordance with paragraph 2, propose to the group-level resolution authority possible measures to address or remove those impediments. The two week deadline may be extended by the resolution authority, in consultation with the competent authority, taking into account the specific circumstances of the case.
2018/01/29
Committee: ECON
Amendment 125 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 18
Directive 2014/59/EU
Article 27 – paragraph 1 – point i
18. In Article 27(1), the following point (i) is added: ‘(i) Article 29a are complied with, suspend any payment or delivery obligation to which an institution or entity referred to in point (b), (c) or (d) of Article 1(1) is a party.’.deleted where the conditions laid down in
2018/01/29
Committee: ECON
Amendment 138 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 19
Directive 2014/59/EU
Article 29a
[...]deleted
2018/01/29
Committee: ECON
Amendment 182 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 22 a (new)
Directive 2014/59/EU
Article 44 – paragraph 2 – subparagraph 1 – point g a (new)
22 a. In Article 44(2), the following point (ga) is added: “(ga) deposits by public authorities.”
2018/01/29
Committee: ECON
Amendment 203 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45b – paragraph 1 a (new)
1 a. By way of derogation from paragraph 1, liabilities issued before ... [the date of entry into force of this amending Directive] which do not meet the conditions set out in points (d) and (g) to (o) of Article 72b(2) of Regulation (EU) No 575/2013 may be included in the amount of own funds and eligible liabilities of resolution entities.
2018/01/31
Committee: ECON
Amendment 220 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45b – paragraph 3 – subparagraph 1
Resolution authorities may decide that the requirement referred to in Article 45f is fully or partially met by resolution entities with instruments that meet all conditions referred to in Article 72a of Regulation (EU) No 575/2013 with a view to ensure that the resolution entity can be resolved in a manner suitable to meet the resolution objectives. For each resolution entity the level of required instruments that meet all conditions referred to in Article 72 a of Regulation (EU) No 575/2013 shall not exceed the level of the requirement specified in Article 92a(1) of Regulation (EU) No 575/2013 taking into account the transitional provisions specified in Article 494 of that Regulation.
2018/01/31
Committee: ECON
Amendment 238 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 1 – introductory part
1. The requirement referred to in Article 45(1) of each entity shall be determined by the resolution authority, after having consultedin cooperation with the competent authority, on the basis of the following criteria:
2018/01/31
Committee: ECON
Amendment 251 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 1 – subparagraph 1 a (new)
The resolution authority shall ensure that the level of the requirement referred to in Article 45(1) is proportionate to the specificities of the business and funding models of the resolution entity, taking into account: (i) the prevalence of deposits in the funding structure; (ii) the lack of experience in issuing debt instruments due to the limited access to cross-border and wholesale capital markets; (iii) the fact that the institution will rely primarily on CET1 and capital instruments to meet the requirement referred to in Article 45(l).
2018/01/31
Committee: ECON
Amendment 263 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 1 – introductory part
Without prejudice to the last subparagraph, for resolution entities, tThe amount referred to in paragraph 2 shall not exceed the greater of the following:
2018/01/31
Committee: ECON
Amendment 274 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
(i) the amount of losses to be absorbed in resolution that corresponds to the requirements referred to in Article 92(1)(a),(b) and (c) of Regulation (EU) No 575/2013 and Article 104a of Directive 2013/36/EU of the resolution entity at sub- consolidated resolution group level,
2018/01/31
Committee: ECON
Amendment 279 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
(ii) a recapitalisation amount that allows the resolution group resulting from resolution to restore compliance with its total capital ratio requirement referred in Article 92(1)(c) of Regulation (EU) No 575/2013 and its requirement referred to in Article 104a of Directive 2013/36/EU at consolidated resolution group sub- consolidated levellevel after the implementation of the preferred resolution action;
2018/01/31
Committee: ECON
Amendment 285 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 1 – point b – point i
(i) the amount of losses to be absorbed in resolution that corresponds to the resolution entity's leverage ratio requirement referred to in theArticle 92(1)(d) of Regulation (EU) No 575/2013 at consolidated resolution group sub- consolidated level; and
2018/01/31
Committee: ECON
Amendment 288 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 1 – point b – point ii
(ii) a recapitalisation amount that allows the resolution group resulting from resolution to restore compliance with the leverage ratio requirement referred to in Article 92(1)(d) of Regulation (EU) No 575/2013 at consolidated resolution group sub-consolidated levellevel after the implementation of the preferred resolution action.
2018/01/31
Committee: ECON
Amendment 296 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 3 a (new)
When determining the recapitalisation amounts referred to in the previous subparagraphs, the resolution authority shall: (a) use the values for the relevant total risk exposure amount or leverage ratio exposure amount as adjusted for any changes resulting from resolution actions foreseen in the resolution plan; (b) after consulting the competent authority, adjust downwards the requirement referred to in Article 104a of Directive 2013/36/EU currently applicable to the resolution entity, to determine the requirement that will be applicable to the resolution entity after the implementation of the resolution actions foreseen in the resolution plan.
2018/01/31
Committee: ECON
Amendment 298 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 4
The resolution authority shall set the recapitalisation amounts referred to in the previous subparagraphs in accordance with the resolution actions foreseen in the resolution plan and may adjust those recapitalisation amounts to adequately reflect risks that affect resolvability arising from the resolution group’s business model, funding profile and overall risk profile.deleted
2018/01/31
Committee: ECON
Amendment 310 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – introductory part
4. Without prejudice to the last subparagraph, fFor entities that are not themselves resolution entities, the amount referred to in paragraph 2 shall not exceed the greater of any of the following:
2018/01/31
Committee: ECON
Amendment 318 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – point a – point i
(i) the amount of losses to be absorbed in resolution that corresponds to the requirements referred to in Article 92(1)(a),(b) and (c) of Regulation (EU) No 575/2013 and Article 104a of Directive 2013/36/EU of the entity, and
2018/01/31
Committee: ECON
Amendment 320 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – point a – point ii
(ii) a recapitalisation amount that allows the entity to restore compliance with its total capital ratio requirement referred in Article 92(1)(c) of Regulation (EU) No 575/2013 and its requirement referred to in Article 104a of Directive 2013/36/EU after the exercise of the power to write down or convert relevant capital instruments and eligible liabilities in accordance with Article 59;
2018/01/31
Committee: ECON
Amendment 325 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – point b – point i
(i) the amount of losses to be absorbed in resolution that corresponds to the entity's leverage ratio requirement referred to in the Article 92(1)(d) of Regulation (EU) No 575/2013, and
2018/01/31
Committee: ECON
Amendment 327 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – point b – point ii
(ii) a recapitalisation amount that allows the entity to restore compliance with its leverage ratio requirement referred to in the Article 92(1)(d) of Regulation (EU) No 575/2013 after the exercise of the power to write down or convert relevant capital instruments and eligible liabilities in accordance with Article 59;
2018/01/31
Committee: ECON
Amendment 334 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 3 a (new)
When determining the recapitalisation amounts referred to in the previous subparagraphs, the resolution authority shall: (a) use the values for the relevant total risk exposure amount or leverage ratio exposure amount as adjusted for any changes resulting from actions foreseen in the resolution plan; (b) after consulting the competent authority, adjust downwards the requirement referred to in Article 104a of Directive 2013/36/EU currently applicable to the relevant entity, to determine the requirement that will be applicable to the entity after the implementation of the actions foreseen in the resolution plan.
2018/01/31
Committee: ECON
Amendment 335 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 4
The resolution authority shall set the recapitalisation amounts referred to the previous subparagraphs in accordance with the resolution actions foreseen in the resolution plan and may adjust those recapitalisation amounts to adequately reflect risks that affect the recapitalisation needs arising from the entity's business model, funding profile and overall risk profile.deleted
2018/01/31
Committee: ECON
Amendment 363 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45d – paragraph 1
1. Tdeleted the requirement referred to in Article 45(1) of a resolution entity that is a G-SII or part of a G-SII shall consist of the following: (a) Article 92a of Regulation (EU) No 575/2013; and (b) own funds and eligible liabilities determined by the resolution authority specific to the entity in accordance with paragraph 2, which shall be met with liabilities that meet the conditions of Article 45b.any additional requirement for
2018/01/31
Committee: ECON
Amendment 369 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45d – paragraph 2
2. The resolution authority may impose an additional requirement for own funds and eligible liabilities referred to in point (b) of paragraph 1 only: (a) in point (a) of paragraph 1 is not sufficient to fulfil the conditions set out in Article 45c; and (b) required own funds and eligible liabilities does not exceed a level that is necessary to fulfil the conditions of Article 45c.deleted where the requirement referred to to an extent that the amount of
2018/01/31
Committee: ECON
Amendment 378 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45d – paragraph 3 – introductory part
3. Where more than one G-SII entity belonging to the same EU G-SII are resolution entities, the relevant resolution authorities shall calculate the amourequirement referred to in paragraph 2Article 92a of Regulation (EU) No 575/2013,
2018/01/31
Committee: ECON
Amendment 380 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45d – paragraph 4
4. The resolution authority's decision to impose an additional requirement of own funds and eligible liabilities under point (b) of paragraph 1, shall contain the reasons for that decision, including a full assessment of the elements referred to in paragraph 2.deleted
2018/01/31
Committee: ECON
Amendment 389 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 1 – subparagraph 1 – introductory part
The resolution authority may give guidance to an entity to have own funds and eligible liabilities that fulfil the conditions of Article 45b(1) or 45g(3) in excess of the levels set out in Article 45c and Article 45d that provides for additional amounts for the following purposes:
2018/01/31
Committee: ECON
Amendment 393 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 1 – subparagraph 1 – point b
(b) to ensure that, in the event of resolutionfollowing resolution or the exercise of the power to write down or convert relevant capital instruments and eligible liabilities in accordance with Article 59, a sufficient market confidence in the entity is sustained through capital instruments in addition to the requirement in point (b) of Article 45c(2) ('market confidence buffer').
2018/01/31
Committee: ECON
Amendment 396 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 2 – subparagraph 1
The amount of the guidance given in accordance with point (a) of paragraph 1 may be set only where the competent authority has already set its own guidance in accordance with Article 104b of Directive 2013/36/EU and the resolution authority determines that the requirement referred to in point (a) of Article 45c(2) would not be sufficient to absorb all the losses in resolution taking into account the entity’s business model, funding model and risk profile or to reduce or remove an impediment to resolvability or absorb losses on holdings of MREL instruments issued by other entities included in the same resolution group. The amount of the guidance given in accordance with point (a) of paragraph 1 shall not exceed the level of that guidance.
2018/01/31
Committee: ECON
Amendment 399 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 2 – subparagraph 2
The amount of the guidance given in accordance with point (b) of paragraph 1 shall not exceed the amount of the combined buffermay be set when the resolution authority determines that the requirement referred to in point (6b) of Article 128 of Directive 2013/36/EU, except for the requirement referred to in point (a) of that provision, unless a higher level is necessary to ensure that, following the event of resolution, the entity continues to meet the conditions for its authorisation for an appropriate period of 45c(2) would not be sufficient to sustain market confidence and ensure both the continued provision of critical economic functions by the entity and the access to funding without recourse to extraordinary financial support other than contributions from resolution financing arrangements. The amount of the guidance given in accordance with point (b) of paragraph 1 shall not exceed the amount of the combined buffer requirement referred to in point (6) of Article 128 of Directimve that is not longer than one year2013/36/EU, except for the requirement referred to in point (a) of that provision.
2018/01/31
Committee: ECON
Amendment 407 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 3
3. Where an entity consistently fails to have additional own funds and eligible liabilities as expected under the guidance referred to in the first paragraph, the resolution authority may require that the amount of the requirement referred to in Article 45c(2) be increased to cover the amount of the guidance given pursuant to this Article.deleted
2018/01/31
Committee: ECON
Amendment 438 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 3 a (new)
3 a. By way of derogation from point (a)(ii) of paragraph 3, liabilities issued before ... [date of entry into force of this amending Directive] which do not meet the conditions set out in points (b)and (g) to (o) of Article 72b(2) of Regulation (EU) No 575/2013 may be included in the amount of own funds and eligible liabilities.
2018/01/31
Committee: ECON
Amendment 462 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 5 – point a
(a) both the subsidiary and the resolution entity are subject to authorisation and supervision by the same Member State;
2018/01/31
Committee: ECON
Amendment 468 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 5 – point f
(f) the resolution entity holds more than 50 % of the voting rights attached to shares in the capital of the subsidiary or has the right to appoint or remove a majority of the members of the management body of the subsidiary, except for credit institutions permanently affiliated to a central body;
2018/01/31
Committee: ECON
Amendment 476 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragrapgh 5 – point g
(g) the competent authority of the subsidiary has fully waived the application of individual capital requirements to the subsidiary under Article 7(1) or Article 10 of Regulation (EU) No 575/2013.
2018/01/31
Committee: ECON
Amendment 494 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive2014/59/EU
Article 45i – paragraph 2 – subparagraph 1 a (new)
The requirement referred to in the first subparagraph shall not apply to the guidance for the minimum requirement of own funds and eligible liabilities referred to in Article 45e.
2018/01/31
Committee: ECON
Amendment 498 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45i – paragraph 4
4. Public disclosure requirements shall apply at the date where the requirement referred to in Article 45(1) is fullyFor institutions to which resolution tools or the power to write down and convert relevant capital instruments and eligible liabilities have been applied, public disclosure requirements shall apply after the deadline referred to in point (o) of Article 10(7) to compliedy with for the first timethe requirement referred to in Article 45(1).
2018/01/31
Committee: ECON
Amendment 502 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45k – paragraph 1 a (new)
Any breach of the guidance referred to in Article 45e shall be addressed by the relevant authorities on the basis of at least one of the powers referred to in point (a), (b) and (d) of paragraph 1.
2018/01/31
Committee: ECON
Amendment 507 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45l a (new)
Article 45l a Transitional and post-resolution arrangements 1. Resolution authorities, after consulting the competent authorities, shall determine an appropriate transitional period for each institution or entity referred to in points (b), (c) and (d) of Article 1(1) to comply with the MREL requirements in Articles 45f or 45g. The deadline to comply with the requirements in Articles 45f or 45g shall not be earlier than 1 January 2024. 2. When setting the transitional periods, resolution authorities shall take into account, among other relevant circumstances: (i) any relevant characteristics of the institutions, particularly the prevalence of deposits and the absence of debt instruments in the funding model; (ii) the limited access to the capital markets for eligible liabilities; (iii) the reliance on Common Equity Tier 1 to meet the requirement referred to in Article 45f; (iv) the overall conditions of the relevant banking system; (v) any possible impact of the requirements in Articles 45f or 45g on financial stability and any risk of contagion to the financial system.
2018/01/31
Committee: ECON
Amendment 518 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2 – subparagraph 1 – introductory part
The requirement referred to in paragraph 1 mayshall not apply where the resolution authority of a Member State determines all of the following conditions are meteither:
2018/02/01
Committee: ECON
Amendment 523 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2 – subparagraph 1 – point a
(a) that the liabilities or instruments referred to in the first subparagraph can be subject to write down and conversion powers by the resolution authority of a Member State pursuant to the law of the third country or to a binding agreement concluded with that third country; or
2018/02/01
Committee: ECON
Amendment 528 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2 – subparagraph 1 – point c
(c) that a waiver from the requirement referred to in paragraph 1 for certain liabilities does not impede the resolvability of the institutions and entities referred to in points (b), (c) and (d) of Article 1(1).deleted
2018/02/01
Committee: ECON
Amendment 532 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2 – subparagraph 2
The liabilities referred to in points (b) and (c) shall not include unsecured bonds or similar debt instruments which are unsecured liabilities, Additional Tier 1 instruments, and Tier 2 instruments. Moreover, they shall be senior to the liabilities which count towards the minimum requirement for own funds and permissible liabilities.
2018/02/01
Committee: ECON
Amendment 535 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2 – subparagraph 3
The liabilities which fail to include the contractual term as required by paragraph 1 or for which, in accordance with points (b) and (c), do not include the contractual term referred to in paragraph 1 is not required, shall not be counted towards the minimum requirement for own funds and eligible liabilities.
2018/02/01
Committee: ECON
Amendment 540 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 4
4. Where an institution or entity referred to in point (b), (c) or (d) of Article 1(1) fails todoes not include in the contractual provisions governing a relevant liability a contractual term as required in accordance with paragraph 1, that failure shall not prevent the resolution authority from exercising the write down and conversion powers in relation to that liability.
2018/02/01
Committee: ECON
Amendment 558 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 26
Directive 2014/59/EU
Article 63 – paragraph 1a
1a. The period of the suspension pursuant to paragraph 1(n) shall not exceed the minimum period of time that the resolution authority considers necessary for the effective application of one or more resolution tools or for the purposes of the valuation pursuant to Article 36 and in any event shall not exceed 52 working days.
2018/02/01
Committee: ECON
Amendment 583 #

2016/0362(COD)

Proposal for a directive
Article 9 – paragraph 1 – subparagraph 2 a (new)
Member States shall apply Article 45i(2) from 1 January 2028.
2018/02/01
Committee: ECON
Amendment 310 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 9
Regulation (EU) No 575/2013
Article 13 – paragraph 1 – subparagraph 2
Large subsidiaries of EU parent institutions shall disclose the information specified in Articles 437, 438, 440, 442, 450, 451, 451a, 451d and 453 on an individual basis or, where applicable in accordance with this Regulation and Directive 2013/36/EU, on a sub- consolidated basis,.deleted
2018/02/02
Committee: ECON
Amendment 689 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 93
An institution's exposure to a client or a group of connected clients shall be considered a large exposure where its value is equal to or exceeds 10 % of its Tier 1eligible capital..
2018/02/05
Committee: ECON
Amendment 942 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 116
Regulation (EU) No 575/2013
Article 432 – paragraph 2 – subparagraph 3
Information shall be regarded as confidential where the institutions are obliged by customers or other counterparty relationships to keep that information confidential or where, in exceptional cases and subject to the competent authority's prior consent, that information may significantly affect the institution's competitive position.
2018/02/05
Committee: ECON
Amendment 963 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 116
Regulation (EU) No 575/2013
Article 435 – paragraph 1 – point f – point ii
(ii) information on intra-group transactions and transactions with related parties that may have a material impact of the risk profile of the consolidated group.deleted
2018/02/05
Committee: ECON
Amendment 966 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 116
Regulation (EU) No 575/2013
Article 438 – point c
(c) upon demand from the relevant competent authority, the result of the institution's internal capital adequacy assessment process;deleted
2018/02/05
Committee: ECON
Amendment 976 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 116
Regulation (EU) No 575/2013
Article 446 – point a
(a) the total losses incurred from operational risk over the last ten years, with historical losses broken down by year and a separate identification of the amounts of losses exceeding EUR 1 millionhree years and;
2018/02/05
Committee: ECON
Amendment 977 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 116
Regulation (EU) No 575/2013
Article 446 – point b
(b) the number of those losses exceeding EUR 1 million, the total amounts related to those losses over the last three years, as well as the total amounts of the five largest losseswhich are most significant in relation to the nature, scale and complexity of the institution including;
2018/02/05
Committee: ECON
Amendment 1004 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 120 – point b
Regulation (EU) No 575/2013
Article 493 – paragraph 4
4. By way of derogation from Article 395, competent authorities may allowand only for exposures to central governments or central banks laid down in articles 114(5), 114(6) and article 495(2), institutions are allowed to incur one of the exposures provided for in points (a) (c) (d) (e) of Article 400(1) denominated and funded in the currency of any Member States up to the following values, after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403:
2018/02/05
Committee: ECON
Amendment 76 #

2016/0337(CNS)

Proposal for a directive
Recital 1
(1) CTax systems across the Union should be encouraged to remain competitive when this contributes to making the economy more attractive for investment and thus allowing for the preservation of a favourable fiscal environment for companies. Concomitantly, companies which seek to do business across frontiers within the Union encounter serious obstacles and market distortions owing to the existence and interaction of 28 disparate corporate tax systems. Furthermore, tax planning structures have become ever-more sophisticated over time, as they develop across various jurisdictions and effectively take advantage of the technicalities of a tax system or of mismatches between two or more tax systems for the purpose of reducing the tax liability of companies. Although those situations highlight shortcomings that are completely different in nature, they both create obstacles which impede the proper functioning of the internal market. Action to rectify thoese problems should therefore address both these types of market deficiencies.
2017/09/29
Committee: ECON
Amendment 95 #

2016/0337(CNS)

Proposal for a directive
Recital 2 a (new)
(2a) Moreover, diversity of tax regimes may attract foreign investors to invest their funds in peripheral countries, regions and islands. Thus, diversity of tax regimes allows these regions to draw cross border investments that would otherwise locate elsewhere. As such, diversity of tax regimes is accepted as reasonable, useful and sustainable for peripheral regions, in order to stimulate job creation and new economic activities.
2017/09/29
Committee: ECON
Amendment 151 #

2016/0337(CNS)

Proposal for a directive
Recital 8
(8) Taxable revenues should be reduced by business expenses and certain other items. Deductible business expenses should normally include all costs relating to sales and expenses linked to the production, maintenance and securing of income. To support innovation in the economy and modernise the internal market, deductions should be provided for research and development costs, including super-deductions, and those should be fully expensed in the year incurred (with the exception of immovable property). Small starting companies without associated enterprises which are particularly innovative (a category which will in particular cover start-ups) should also be supported through enhanced super- deductions for research and development costs. This condition should prevent large Multinational Enterprises (MNE) from setting up supposed start-up companies, which in fact belongs to a MNE, in order to make use of the enhanced super deduction. Such enhanced super deduction will increase the amount of losses, which may be carried forward to be set off against future profits. Therefore, it provides for a prospective application of the enhanced super deduction. In order to ensure legal certainty, there should also be a list of non- deductible expenses.
2017/09/29
Committee: ECON
Amendment 39 #

2016/0336(CNS)

Proposal for a directive
Recital 1
(1) CTax systems across the Union should be encouraged to remain competitive when this contributes to making the economy more attractive for investment and thus allowing for the preservation of a favourable fiscal environment for companies. Concomitantly, companies which seek to do business across frontiers within the Union encounter serious obstacles and market distortions owing to the existence and interaction of 28 disparate corporate tax systems. Furthermore, tax planning structures have become ever-more sophisticated over time, as they develop across various jurisdictions and effectively take advantage of the technicalities of a tax system or of mismatches between two or more tax systems for the purpose of reducing the tax liability of companies. Although those situations highlight shortcomings that are completely different in nature, they both create obstacles which impede the proper functioning of the internal market. Action to rectify these problems should therefore address both these types of market deficiencies.
2017/09/29
Committee: ECON
Amendment 55 #

2016/0336(CNS)

Proposal for a directive
Recital 2 a (new)
(2a) Moreover, diversity of tax regimes may attract foreign investors to invest their funds in peripheral countries, regions and islands. Thus, diversity of tax regimes allows these regions to draw cross border investments that would otherwise locate elsewhere. As such, diversity of tax regimes is accepted as reasonable, useful and sustainable for peripheral regions, in order to stimulate job creation and new economic activities.
2017/09/29
Committee: ECON
Amendment 139 #

2016/0276(COD)

Proposal for a regulation
Recital 9
(9) Additionality, a key feature of the EFSI, should be strengthened in the selection of projects. In particular, operations should only be eligible for EFSI support if they address clearly identified market failures or sub-optimal investment situations. Operations in infrastructure under the Infrastructure and Innovation Window linking two or more Member States, as well as operations in insular and peripheral EU regions, including e- infrastructure, should be considered additional given their inherent difficulty and their high added value for the Union.
2017/03/27
Committee: BUDGECON
Amendment 279 #

2016/0276(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 2
Regulation (EU) No 2015/2017
Article 5 – paragraph 1– subparagraph 3
To better address market failures or sub- optimal investment situations, EIB special activities supported by the EFSI shall typically have features such as subordination, participation in risk-sharing instruments, cross-border or peripheral characteristics, exposure to specific risks or other identifiable aspects as further described in Annex II.
2017/03/27
Committee: BUDGECON
Amendment 287 #

2016/0276(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 2
Regulation (EU) No 2015/1017
Article 5 – paragraph 1 – subparagraph 5
The projects supported by the EFSI that consist of physical infrastructure linking two or more Member States or of the extension of physical infrastructure or services linked to physical infrastructure from one Member State to one or more Member States, as well as those in peripheral islands of the EU, shall also be considered to provide additionality.
2017/03/27
Committee: BUDGECON
Amendment 414 #

2016/0276(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point b – point i
Regulation (EU) No 2015/1017
Article 14 – paragraph 2 – point c
(c) leveraging local knowledge to facilitate EFSI support across the Union and contributing where possible to the objective of sectorial and geographical diversification of the EFSI referred to in Section 8 of Annex II by supporting the EIB to originate operations; in particular, in less developed, insular as well as peripheral regions, also throughout a better involvement of SMEs;
2017/03/27
Committee: BUDGECON
Amendment 437 #

2016/0276(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point d
Regulation (EU) No 2015/1017
Article 14 – paragraph 6 – second sentence
Cooperation between, on the one hand, the EIAH and, on the other hand, a national promotional bank or institution, an international financing institution or an institution or a managing authority, including those acting as a national advisor, having expertise relevant for the purposes of the EIAH, may take the form of a contractual partnership. The EIAH shall make at least one cooperation agreement with a national promotional bank or any other institution per Member State. In Member States where such an institution does not exist, the EIAH shall provide pro-active advisory support on its establishment, when requested by the Member State in question.;
2017/03/27
Committee: BUDGECON
Amendment 439 #

2016/0276(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point d a (new)
Regulation (EU) No 2015/1017
Article 14 – paragraph 6 a (new)
(d a) the following paragraph is inserted after paragraph 6: ‘6a. Without prejudice to paragraph 6, in order to facilitate a wider geographic outreach of advisory services and to support the local development of advisory services, a local presence of the EIAH shall be established in countries where there are difficulties to develop projects in particular under EFSI, as well as, in topics such as the blending of EFSI with existing funds, at Member States` request and where necessary, and, the development of investment platforms including cooperation with third countries.’
2017/03/27
Committee: BUDGECON
Amendment 463 #

2016/0276(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 12
Regulation (EU) No 2015/1017
Article 22 – paragraph 1 – subparagraph 3
In their financing and investment operations covered by this Regulation, the EIB and the EIF shall not make use of or engage in tax avoidance structures, in particular aggressive tax planning schemes, or practices not complying with EU tax good governance principles, as set out in the Union legislation, including Commission recommendations and communications.
2017/03/27
Committee: BUDGECON
Amendment 465 #

2016/0276(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 12
Regulation (EU) No 2015/1017
Article 22 – paragraph 1 – subparagraph 4
The Commission shall provide detailed guidance, where needed.delete
2017/03/27
Committee: BUDGECON
Amendment 76 #

2015/2344(INI)

Motion for a resolution
Recital F
F. whereas, following real convergence in the run-up to the introduction of the common currency, the euro area witnessedas established and enlarged was still far from being an optimal monetary zone, with growing structural disparities between the original members themselves, and later with the inclusion of new members; and whereas subsequently the euro area witnessed continuing and growing structural divergence between 1999 and 2009, which made the euro area as a whole less resilient to shocks; whereas regulatory adjustments and structural reforms aimed at reducing risks and improving convergence have been introduced since 2009 at both European and national level, but some euro area Member States still require solidarity and sustainable reforms in their catching- up process;
2016/06/09
Committee: BUDGECON
Amendment 89 #

2015/2344(INI)

Motion for a resolution
Recital G
G. whereas not enough progress has been achieved in addressing the flaws of EMU through legislation such as the Six- Pack and the Two-Pack regulations, to tackle the structural imbalances that were allowed to accumulate in the Monetary Union from inception until such imbalances were brutally exposed by the sovereign debt crisis in 2010; .as well as through the introduction of the European Semester and the creation of new instruments such as the ESM;
2016/06/09
Committee: BUDGECON
Amendment 170 #

2015/2344(INI)

Motion for a resolution
Paragraph 4
4. Stresses that the introduction of the euro as a common currency has eliminated tried and tested policy options for counterbalancing asymmetric shocks such as exchange rate fluctuation replacing them with measures of internal devaluation that cause social disruptions and injustices, leading to a loss of social cohesion and encouraging political extremism; reiterates that the relinquishing of autonomy over monetary policy therefore requires alternative adjustment mechanisms to cope with asymmetric macroeconomic shocks in order to make the euro zone an optimal currency area able, inter alia, to implement a proper policy mix;
2016/06/09
Committee: BUDGECON
Amendment 187 #

2015/2344(INI)

Motion for a resolution
Paragraph 5
5. Considers that EMU exposed its vulnerability in the context of the global financial and economic crisis when unsustainable imbalances, triggered by capital flows from core euro area nations to the periphery that were actually facilitated and encouraged by the very existence of the euro, and a rising public spending ratio in some Member States, aggravated and led to a sovereign debt crisis, in which government borrowing costs dramatically increased in some Member States, jeopardising, in the absence of a proper fiscal backstop, the mere existence of the euro area;
2016/06/09
Committee: BUDGECON
Amendment 199 #

2015/2344(INI)

Motion for a resolution
Paragraph 6
6. Points out that beyond the inherent instabilities generated by the gaping structural divergences embedded in the euro area (such as the ‘north’-‘south’ divide), the crisis has also proved that a common monetary policy without a common fiscal policy cannot address asymmetric shocks to the euro area; reiterates that mere coordination of national fiscal policies without credible enforcement mechanisms has not prevented an investment gap, has proved insufficient to trigger growth-enhancing, sustainable and socially balanced structural reforms and has not enhanced the national capacity to absorb economic shocks;
2016/06/09
Committee: BUDGECON
Amendment 258 #

2015/2344(INI)

Motion for a resolution
Paragraph 11
11. Makes it clear that rapid action is needed to ensure the sustainability of the euro; stresses that this requires strong joint efforts on the part of the EU and its Member States to complete the EMU, act meaningfully to reduce structural divergences between and within economies of the euro area, and to restore the trust of citizens and markets;
2016/06/09
Committee: BUDGECON
Amendment 274 #

2015/2344(INI)

Motion for a resolution
Paragraph 12
12. Believes that in order to regain trust, the euro must deliver on its promise of stability, convergence, growth and jobs; regards a fiscal capacity as aone vital element in this enterprise, which can be successful only if solidarity is closely linked to responsibility, meaning that financial support is provided on the basis of clear criteria and if linked directly to meaningful action to reduce structural divergences;
2016/06/09
Committee: BUDGECON
Amendment 293 #

2015/2344(INI)

Motion for a resolution
Paragraph 14
14. Takes the view that incentives for sound fiscal policymaking and for addressing structural weaknesses at national level, taking into account the aggregate euro area fiscal stance and ensuring, that all Eurozone countries contribute to macroeconomic adjustment towards real convergence, including those who have greater fiscal space to be used to the benefit of the monetary union as a whole, are core elements for the functioning of the euro area; considers that beyond a proper use of the MIP between deficit and surplus countries, a fiscal capacity should, moreover, address specific concerns for the euro area in the case of absorbing shocks;
2016/06/09
Committee: BUDGECON
Amendment 366 #

2015/2344(INI)

Motion for a resolution
Paragraph 18
18. Argues in consequence that three pillars of a fiscal capacity should be distinguished, wherein action should be undertaken in the framework of a common toolbox to address the different functions, i.e. incentivising convergence and sustainable structural reforms, absorbing asymmetric shocks, and absorbing symmetric shocks; understands that all this needs to depart from a prior recognition of the political, economic, and social realities concretely characterizing each member state and then to be designed in terms of these realities, in the respect of the values of subsidiarity, transparency and accountability; takes note of the various proposals regarding designs put forward on this matter by politicians and academia;
2016/06/09
Committee: BUDGECON
Amendment 413 #

2015/2344(INI)

Motion for a resolution
Paragraph 20
20. Calls for the ESM, whilst fulfilling its ongoing tasks, to be further developed and turned into a European Monetary Fund (EMF) with adequate lending and borrowing capacities and a clearly defined mandate, including its contribution to a euro area fiscal capacity; stresses that an EMF should be managed by the Commission and held democratically accountable by the European Parliament as well as national Parliaments; emphasises that national parliaments would be fully involved in the process, given that their constitutional prerogatives regarding financial resources could be affected;
2016/06/09
Committee: BUDGECON
Amendment 435 #

2015/2344(INI)

Motion for a resolution
Paragraph 21 a (new)
21a. Points out, further, that there is the need to identify how the Community law could increase the fiscal capacity by creating funds that the newly proposed EMF/ESM could use for the purpose of the Structural Reform Support Programme (SRSP); Underlines that past imbalances have not been addressed except through counter-productive austerity measures and those that are contributing to the imbalances through the surplus side should also make a contribution to regain equilibrium;
2016/06/09
Committee: BUDGECON
Amendment 441 #

2015/2344(INI)

Motion for a resolution
Paragraph 21 b (new)
21b. Stresses that a euro area fiscal capacity should be complemented by a long term strategy for debt sustainability and reduction of eurozone countries, including partial pooling and common management of sovereign debt, which would bring down overall re-financing costs and debt/GDP ratios to give more margin for growth enhancing policies and investment;
2016/06/09
Committee: BUDGECON
Amendment 443 #

2015/2344(INI)

Motion for a resolution
Paragraph 21 b (new)
21b. Stresses that adequate mechanisms must be built for the equilibrium to be achieved through symmetrical measures for both ends of the disequilibrium, so that structural BoP countries should make automatically triggered fiscal contributions to the ESM/EMF;
2016/06/09
Committee: BUDGECON
Amendment 488 #

2015/2344(INI)

Motion for a resolution
Paragraph 24 a (new)
24a. Considers that structural reforms should be ecologically and socially balanced and aim at strengthening growth potential towards a fully sustainable new growth model, promoting fair and sustainable welfare systems and reducing social inequalities;
2016/06/09
Committee: BUDGECON
Amendment 519 #

2015/2344(INI)

Motion for a resolution
Paragraph 26 – indent 1
– taxation: base and rate of corporate tax,deleted
2016/06/09
Committee: BUDGECON
Amendment 555 #

2015/2344(INI)

Motion for a resolution
Paragraph 26 – indent 3 – paragraph 1
– investment, notably in research and development;, healthcare and education,
2016/06/09
Committee: BUDGECON
Amendment 557 #

2015/2344(INI)

Motion for a resolution
Paragraph 26 – indent 3 – paragraph 1 a (new)
– Social cohesion, including EMU- wide minimum social standards;
2016/06/09
Committee: BUDGECON
Amendment 704 #

2015/2344(INI)

Motion for a resolution
Paragraph 34 a (new)
34a. Stresses that SGP rules should be made more flexible to exclude infrastructural investments co-financed by Member States with the EIB who would have thus satisfied themselves about the economic feasibility of the projects financed to grow the economy much more than the debt being incurred;
2016/06/09
Committee: BUDGECON
Amendment 728 #

2015/2344(INI)

Motion for a resolution
Paragraph 36
36. Considers that instability in the financial sector could also pose severe challenges for the euro area as a whole; urges completion of the Banking Union in order to lessen these challenges; calls for the fiscal capacity to operate as a fiscal backstop, which should be fiscally neutral over the medium term for the Banking Union, as agreed in the SRM;
2016/06/09
Committee: BUDGECON
Amendment 777 #

2015/2344(INI)

Motion for a resolution
Paragraph 40
40. Argues that national ownership could be improved by including national parliaments in the procedures and allowing a genuine and timely dialogue between them and the EP; insists, however, that the competences of the EP and the national parliaments conferred upon these institutions by the Treaties should be respected and that mixing of these competences be avoided;
2016/06/09
Committee: BUDGECON
Amendment 792 #

2015/2344(INI)

Motion for a resolution
Paragraph 41
41. Considers that in order to provide for a genuine EMU, a euro area treasury should be created, with the ability to issue common Euro bonds on a shared basis and with a socially acceptable risk weighting to spread the cost of borrowing in a market oriented but socially just manner, for collective decision- making, supervision and management of the budgetary capacity for the euro area; calls for the inclusion of this treasury within the European Commission with full macroeconomic, fiscal and financial competences; calls for a vice-president of the European Commission to head the treasury and simultaneously to act as president of the Eurogroup; urges full accountability of this treasury to the European Parliament;
2016/06/09
Committee: BUDGECON
Amendment 4 #

2015/2254(INL)

Motion for a resolution
Citation 2
— having regard to the preamble to the Treaty on European Union (TEU), in particular the second, fourth, the sixth and seventh recitals thereof,
2016/06/21
Committee: LIBE
Amendment 9 #

2015/2254(INL)

Motion for a resolution
Citation 3
— having regard in particular to Article 2, Article 3(1), the second subparagraph of Article 3(3) and Articles 5, 6 and 7 TEU, and to the articles of the TFEU relating to respect for, and promotion and protection of democracy, rule of law and fundamental rights (DRF) in the Union, including Articles 70, 258, 259, 260, 263 and 265 TFEU,
2016/06/21
Committee: LIBE
Amendment 11 #

2015/2254(INL)

Motion for a resolution
Citation 4
— having regard to Article 4 (2) and (3) TEU, Article 295 TFEU and Protocol No 1 on the role of national parliaments in the European Union, and No 2 on the application of the principles of subsidiarity and proportionality,
2016/06/21
Committee: LIBE
Amendment 82 #

2015/2254(INL)

Motion for a resolution
Recital A
A. whereas the European Union is a community of values, based on democracfounded on the values of respect for human dignity, freedom, democracy, equality, the rule of law and fundamentalrespect for human rights, enshrined in its core principles and objectives in the first articles of the Treaty on European Union (TEU), and in the criteria for Union membership;
2016/06/21
Committee: LIBE
Amendment 85 #

2015/2254(INL)

Motion for a resolution
Recital B
B. whereas, in accordance with Article 2, Article 3(1) and Article 7 TEU, the Union avails itself of the possibility to act in order to protect its "constitutional core", reflected by the common values it shares with its Member Statesthe values on which it is founded;
2016/06/21
Committee: LIBE
Amendment 103 #

2015/2254(INL)

Motion for a resolution
Recital D
D. whereas respect for the rule of law within the Union is a precondition for mutual recognition and trust, key factors for policy areas such as the internal market, police and justice cooperation, the Schengen area, and asylum and migration policitrust between the Member States, and as a consequence, the erosion of the rule of law, democratic governance and fundamental rights are a serious threat to the stability, security and prosperity of the Union;
2016/06/21
Committee: LIBE
Amendment 112 #

2015/2254(INL)

Motion for a resolution
Recital E
E. whereas the definition of corthe values and principles is a living and permanent process, and while those values and principles may evolve over time, they must be protected against short termism and ad hoc changes as a result of different political majoron which the Union is founded is to be grounded on respect for national traditions and identities;
2016/06/21
Committee: LIBE
Amendment 131 #

2015/2254(INL)

Motion for a resolution
Recital F a (new)
Fa. whereas the principles of subsidiarity and proportionality shall constitute key reference points for the present instrument;
2016/06/21
Committee: LIBE
Amendment 171 #

2015/2254(INL)

Motion for a resolution
Recital K
K. whereas the obligations incumbent on candidate countries under the Copenhagen criteria continue to apply to the Member States after joining the Union by virtue of Article 2 TEU and the principle of sincere cooperation, and whereas all Member States should therefore be assessed on a regular basis in order to verify their continued compliance with the Union's common valuesvalues on which the Union is founded;
2016/06/21
Committee: LIBE
Amendment 262 #

2015/2254(INL)

Motion for a resolution
Paragraph 1
1. Requests the Commission to submit, byonce the end of 2016process of accession of the European Union to the European Convention of Human Rights will have been completed, on the basis of Article 295 TFEU, a proposal for the conclusion of an EU Pact for Democracy, the Rule of Law and Fundamental Rights (DRF) in the form of an interinstitutional agreement laying down arrangements facilitating the cooperation of institutions of the Union and its Member States in the framework of Article 7 TEU, integrating, aligning and complementing existing mechanisms, following the detailed recommendations set out in the Annex hereto;
2016/06/21
Committee: LIBE
Amendment 342 #

2015/2254(INL)

Motion for a resolution
Paragraph 8 a (new)
8a. Considers that the DRF Scoreboard may draw on the expertise of a variety of actors, including academics, representative associations and civil society, Churches and religious associations or communities, professional and sectoral associations;
2016/06/21
Committee: LIBE
Amendment 171 #

2015/2233(INI)

Motion for a resolution
Paragraph 1 – point a – point iii
iii. to push for multilateralisation by crafting GATS-compatible provisions and by accepting new parthe participation of any WTO members which share the objectives of the agreement conditional on their acceptance of the agreed rules and level of ambitions; to incentivise wider participation in the talks by considering to granting, interested parties which are WTO members, observer status; to note that both the highest barriers and the highest growth potential regarding trade in services are to be found in the BRICS and the MINT countries; to recognise the importance of those countries for the EU, as export destinations with a rising middle class, as sources of intermediate inputs and as key hubs in global value chains; to open the way for the participation of China;
2015/11/04
Committee: INTA
Amendment 117 #

2015/2221(INI)

Motion for a resolution
Paragraph 9
9. Underlines that economic recovery is underway but is still fragile and modest, inflation remains below its target, credit dynamics are still subdued in many jurisdictions and a large stock of non- performing loans weighs on many European banks’ balance sheets, limiting their capacity to finance the economy; in Member States with an overwhelming non-performing loans problem, a mechanism responsible for solving this problem should be established as was the case in Spain and in Ireland, in order to deal with it effectively;
2015/12/14
Committee: ECON
Amendment 160 #

2015/2221(INI)

Motion for a resolution
Paragraph 13 a (new)
13a. Underlines that for banks, in Member States being in financial distress, transforming Emergency Liquidity Assistance debt into other long term forms of debt could be an option in a way that restores confidence and financial stability, especially in such cases where those banks have shown good implementation record;
2015/12/14
Committee: ECON
Amendment 202 #

2015/2221(INI)

Motion for a resolution
Paragraph 21 a (new)
21a. Stresses that the regulatory framework should accommodate the particular operating principles and respect the specific mission of the cooperative and mutual banks as well as that supervisory authorities should keep these in regard and reflect them in their practices and approaches;
2015/12/14
Committee: ECON
Amendment 327 #

2015/2221(INI)

Motion for a resolution
Paragraph 39
39. URegrets the delay in establishing the Single Deposit Guarantee Scheme and underlines that, together with the SSM and the SRM, the capacity to afford the same level of protection to deposits, irrespective of their location, is an indispensable component for completing the BU;
2015/12/14
Committee: ECON
Amendment 10 #

2015/2140(INI)

Motion for a resolution
Citation 9 a (new)
– having regard to the European Parliament resolution of 8 October 2015 on mortgage legislation and risky financial instruments in Spain (based on petitions received) (2015/2740(RSP)),
2015/10/21
Committee: ECON
Amendment 91 #

2015/2140(INI)

Motion for a resolution
Paragraph 7 a (new)
7a. Considers that no action was taken so far by the Commission to address the abusive clauses and practices used by the banking sector in consumer contracts; calls on the Commission to take effective measures towards prevention and their elimination, especially on those Member States with systematic infringement of the Directive 93/13/EEC, in order to guarantee the full compliance of the Directive by national authorities;
2015/10/21
Committee: ECON
Amendment 81 #

2015/2132(BUD)

Motion for a resolution
Paragraph 40 a (new)
40a. Deems it necessary to increase appropriations for the Turkish Cypriot Community budget line (Article 13 07 01) for the purpose of contributing decisively to the continuation and intensification of the mission of the Committee on Missing Persons in Cyprus and of supporting the bicommunal Technical Committee on Cultural Heritage, thus promoting trust and reconciliation between the two communities;
2015/10/06
Committee: BUDG
Amendment 17 #

2015/2115(INI)

Motion for a resolution
Recital C a (new)
Ca. whereas core inflation rates, that is exclusive of energy, have at best only marginally improved as a result of the quantitative easing programme that the ECB has rightly launched this year, an outcome which gives rise to concern, especially since there has been a deterioration in the performance of the Chinese economy and of emerging markets, which threatens to further compound deflationary forces;
2015/10/29
Committee: ECON
Amendment 25 #

2015/2115(INI)

Motion for a resolution
Recital D
D. whereas the current recovery is mainly supported by exports and private consumption, while private and public investment in the euro area continues to stagnate at levels significantly below those registered before the start of the crisis;
2015/10/29
Committee: ECON
Amendment 31 #

2015/2115(INI)

Motion for a resolution
Recital E a (new)
Ea. whereas, despite the overall improvement in aggregate towards a broadly neutral fiscal stance, the crisis regarding the third bailout for Greece agreed on the 12th of July 2015, again underlined that the problems arising from divergences in economic and social performance achieved in different parts of the Union, are not being well managed, and this with particular reference to the Eurozone, but also to the Union as a whole;
2015/10/29
Committee: ECON
Amendment 37 #

2015/2115(INI)

Motion for a resolution
Recital F a (new)
Fa. whereas financial fragmentation is still a major problem, with Micro, Small and Medium-sized Enterprises (MSMEs) suffering higher borrowing costs than the bigger companies, particularly in the countries hit more by the crisis; whereas facilitating credit flow to MSMEs is fundamental as they represent 99% of all businesses in the Union and account for 80% of jobs in the Union and thus they have a key role in generating economic growth, in job creating and in narrowing social disparities;
2015/10/29
Committee: ECON
Amendment 43 #

2015/2115(INI)

Motion for a resolution
Recital I
I. whereas the Single Supervisory Mechanism (SSM), the first pillar of the Banking Union, became fully operational on 4 November 2014 with the transfer to the ECB of supervision of the 130 biggest banks of the euro area, and the Single Resolution Mechanism (SRM), the second pillar of the Banking Union, entered into force at the beginning of 2015, and the Single Deposit Guarantee Scheme, the third pillar of the Banking Union, has regrettably not been established yet;
2015/10/29
Committee: ECON
Amendment 52 #

2015/2115(INI)

Motion for a resolution
Paragraph 1
1. Recalls that the modest recovery expected for the coming years in the euro area will not be sufficient to reduce the high unemployment rates recorded in many euro area Member States or to reduce the burden of debt; stresses the need to improve the conditions for both public and private investment aimed at boosting growth and job creation, and calls for further efforts to ensure the financing of the real economy;
2015/10/29
Committee: ECON
Amendment 54 #

2015/2115(INI)

Motion for a resolution
Paragraph 1 a (new)
1a. Although it regrets the slow reaction of the ECB on taking measures, welcomes the measures taken in 2014 and encourages further effort by the ECB aimed at reviving aggregate demand , increasing low cost lending to the real economy and facilitate growth;
2015/10/29
Committee: ECON
Amendment 63 #

2015/2115(INI)

Motion for a resolution
Paragraph 2
2. Deplores the existing gap between financing rates granted to SMEs and those granted to bigger companies; considers that this long-standing problem is not appropriately addressed by the recent measures implemented by the ECB to boost bank lending; stresses the need to promote social economy by differentiating the regulatory environment between for- profit and non-for-profit financing institutions that would reduce this existing gap;
2015/10/29
Committee: ECON
Amendment 64 #

2015/2115(INI)

Motion for a resolution
Paragraph 2
2. Deplores the existing gap between financing rates granted to SMEs and those granted to bigger companies; considers that this long-standing problem is not appropriately addressed by the recent measures implemented by the ECB to boost bank lending; recommends to carry out studies establishing whether the enhanced regulatory practices rightly introduced as part of the banking union process, have negatively affected the access of SMEs to banking finance so that if necessary, corrective action may be taken;
2015/10/29
Committee: ECON
Amendment 73 #

2015/2115(INI)

Motion for a resolution
Paragraph 3
3. Stresses that private and public investment in the euro area remains significantly below its levels prior to the current crisis;
2015/10/29
Committee: ECON
Amendment 108 #

2015/2115(INI)

Motion for a resolution
Paragraph 6
6. Asks the ECB to carefully monitor the risks associated with its purchase programmes, in order to avoid an unfair burden on EU taxpayers;deleted
2015/10/29
Committee: ECON
Amendment 131 #

2015/2115(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Stresses that the ECB needs to create further incentives for the banks to transfer liquidity to the real economy;
2015/10/29
Committee: ECON
Amendment 141 #

2015/2115(INI)

Motion for a resolution
Paragraph 10
10. Stresses that the high and divergent levels of public and private indebtedness in some Member States are obstacles to the correct transmission of monetary policy, and that the non-conventional monetary policy implemented by the ECB is not able to change this situation;
2015/10/29
Committee: ECON
Amendment 145 #

2015/2115(INI)

Motion for a resolution
Paragraph 10
10. Stresses that the high and divergent levels of public and private indebtedness in some Member States are obstacles to the correct transmission of monetary policy, and that the non-conventional monetary policy implemented by the ECB is not able to change this situation; believes that a sustainable, political solution is still needed to ensure both the stability of state financing and addressing the millstone of high debt levels. Eurobonds could provide a remedy for this in certain circumstances.
2015/10/29
Committee: ECON
Amendment 147 #

2015/2115(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Underlines that the non-performing loans still remain a huge problem throughout the Union; according to the World Bank, 10 EU Member States and 6 Eurozone countries have rates of non- performing loans compared to total loans of over 10% with the highest to 45.4%; a mechanism responsible for solving the non-performing loans should be established in those problematic Member States as it was the case in Spain and in Ireland, in order to deal effectively with the problem;
2015/10/29
Committee: ECON
Amendment 209 #

2015/2115(INI)

Motion for a resolution
Paragraph 20
20. Deplores the fact that the ECB has exceeded even a broad interpretation of its Treaty-based mandate, inter alia in its role in the Troika and Quadriga; urges the ECB to take a step backwards and reinforce its independence from political decisions, abiding byTakes note of the ECJ judgment in Case C-62/14 of 16 June 2015, especially its paragraph 102, as well as the opinion expressed by Advocate-General Cruz Villalón in the same case, especially its paragraphs 227 and 263 and calls ECB to take that into consideration when taking its actions;
2015/10/29
Committee: ECON
Amendment 242 #

2015/2115(INI)

Motion for a resolution
Paragraph 25 a (new)
25a. underlines that for Member States in financial distress, transforming Emergency Liquidity Assistance debt into long-term bonds could be an option, especially in such cases where the banks have shown good implementation record;
2015/10/29
Committee: ECON
Amendment 260 #

2015/2115(INI)

Motion for a resolution
Paragraph 27
27. Believes that the current structure of the Banking Union shouldmust be complemented in the future withand urges for immediate establishment of a sSingle mechanism to guarantee bank deposits, aimed at avoiding capital flight in the event of a future banking crisisDeposit Guarantee Scheme; highlights, in this respect, even though late, the call by the ECB President towards this direction on the monetary dialogue on 23 September 2015;
2015/10/29
Committee: ECON
Amendment 283 #

2015/2115(INI)

Motion for a resolution
Paragraph 28
28. Welcomes the capital market union project and its potential contribution to reducing excessive dependence of euro area economies on the banking system and stresses the necessity to create a single supervisor for capital markets as the ECB is for the banking system;
2015/10/29
Committee: ECON
Amendment 8 #

2015/2113(INI)

Draft opinion
Paragraph 1 a (new)
1a. Stresses that the EU should give priority to helping the most vulnerable countries diversify their sources and supply routes, including reverse flows, with an emphasis on renewable energies and related storage facilities, in order to increase energy efficiency worldwide, and should help eradicate energy poverty, contribute to global sustainable development and support the global effort to tackle climate change; therefore recalls, in the context of energy diversity, the essential role of energy mix including all sorts of energy production and allowing for specific conditions of individual Member State in order to achieve the EU energy goals;
2015/08/03
Committee: INTA
Amendment 25 #

2015/2113(INI)

Draft opinion
Paragraph 3 a (new)
3a. Underlines that the EU should take advantage of the opportunities that emerge from the energy sources of the eastern Mediterranean, with emphasis in particular the Union´s own resources, with a view to creating a Mediterranean gas hub through a corridor from the south-eastern Mediterranean to Europe in order to enhance the EU's energy security; Calls on the Commission to promote initiatives for cooperation in the energy sector between the countries of the eastern Mediterranean, thus contributing to peace and prosperity for their peoples;
2015/08/03
Committee: INTA
Amendment 37 #

2015/2113(INI)

Draft opinion
Paragraph 4 a (new)
4a. Stresses that strategic infrastructures that promote the diversification of supplies, sources and routes, such as storage, import and transport facilities, as well as liquefaction and regasification of natural gas plants, can facilitate enhanced supply when emergency situations occur; is of the opinion that the financial support via EU financial instruments of such infrastructures in the eastern Mediterranean will increase the potentiality of this newly discovered areas as well as enhance EU's energy security;
2015/08/03
Committee: INTA
Amendment 66 #

2015/2113(INI)

Draft opinion
Paragraph 7
7. Calls on the Member States to examine the possibility of increaseing their cooperation on the information exchange mechanism on intergovernmental agreements with third countries in the field of energy; calls on the Commission, furthermore, to explore the options available for the joint negotiation of energy contracts with external suppliers on behalf of the EU.
2015/08/03
Committee: INTA
Amendment 72 #

2015/2113(INI)

Draft opinion
Paragraph 7 a (new)
7a. Stresses that for ensuring energy security and stability in the Energy Union, the sovereignty and sovereign rights of Member States to explore and develop their natural resources must be safeguarded in line with the international law and the United Nations Convention on the Law of the Sea (UNCLOS);
2015/08/03
Committee: INTA
Amendment 8 #

2015/2052(INI)

Draft opinion
Paragraph 1
1. Stresses the importance of the European Structural and Investment (ESI) Funds in providing urgently needed investment for jobs and growth for regions in the EU, also including those which are suffering most from the financial, economic and social crisis; welcomes the objective of making the use of these funds more effective and efficient by strengthening their link with the EU's economic governance framework; regrets the ongoing erosion of the European social model; stresses the need to prioritise on smart, sustainable, long- term and inclusive growth; points out that projects funded by the ESI should as a precondition have a high societal and economic value, particularly a positive impact on quality job creation and EU added value, like spending in healthcare and education services as investment;
2015/05/26
Committee: ECON
Amendment 27 #

2015/2052(INI)

Draft opinion
Paragraph 2
2. Stresses the need for a stable and predictable investment environment, not least with a view to attracting private investment; underlines the role of sound economic governance in the creation of this kind of favourable investment environment; emphasises the need for an overall investment framework in the EU, while taking into full account the special situation of peripheral islands and regions and avoiding one-size-fits-all approaches;
2015/05/26
Committee: ECON
Amendment 10 #

2015/2010(INL)

Draft opinion
Paragraph 1
1. Welcomes the recent initiatives of the Commission and encourages Member States to tackle further tax fraud, tax evasion and tax avoidance, promoting clear and fair tax rulings, combatting aggressive tax planning and re-launching the Common Consolidated Corporate Tax Base scheme, stressing the importance to avoid any increase in administrative burdens and cost of compliance;
2015/10/06
Committee: ITRE
Amendment 42 #

2015/2010(INL)

Motion for a resolution
Recital I a (new)
Ia. whereas the goal of a level playing field between companies should not be pursued at the expense of a level playing field between Member States, in particular with regards to the small countries of the periphery that have built their economies on a competitive advantage that includes an effective tax system with low corporate tax rate;
2015/10/13
Committee: ECON
Amendment 48 #

2015/2010(INL)

Draft opinion
Paragraph 3 a (new)
3a. Believes that the sovereign rights of Member States should be taken into consideration, as well as the diversities on economic, commercial and corporate sectors in terms of affecting the growth and development as well as the social cohesion within the Member State and the EU as such;
2015/10/06
Committee: ITRE
Amendment 131 #

2015/2010(INL)

Motion for a resolution
Recital U – point i
(i) whereas a mandatory Union-wide Common Consolidated Corporate Tax Base (CCCTB) would be a major step towards solving those problems associated with aggressive tax planning within the Union; whereas the ultimate goal should remain a full, mandatory CCCTB with possible exemptions for small- and medium-sized enterprises and companies with no cross-border activity; whereas until a full CCCTB is in place, the Commission is considering temporary measures to counteract profit shifting opportunities; whereas it is necessary to ensure that those measures, including the offsetting of cross-border losses, do not increase the risk of BEPS;deleted
2015/10/13
Committee: ECON
Amendment 139 #

2015/2010(INL)

Motion for a resolution
Recital U – point i
(i) whereas a mandatory Union-wide Common Consolidated Corporate Tax Base (CCCTB) wcould be a major step towards solving those problems associated with aggressive tax planning within the Union; whereas the ultimate goal should remain a full, mandatory CCCTB with possible exemptions for small- and medium-sized enterprises and companies with no cross-border activity; whereas until a full CCCTB is in place, the Commission is considering temporary measures to counteract profit shifting opportunities; whereas it is necessary to ensure that those measures, including the offsetting of cross- border losses, do not increase the risk of BEPS; whereas the introduction of CCCTB should not interfere with tax competition and effective taxation system, since the system does not include harmonisation of tax rates, making CCCTB a tax-neutral operation;
2015/10/13
Committee: ECON
Amendment 156 #

2015/2010(INL)

Motion for a resolution
Recital U – point iii a (new)
(iiia) whereas any potentially serious and harmful effects of the future taxation policies on Member States must be examined and considered in advance with the purpose to accommodate and adjust the Union's policies, especially where a service oriented economy of a Member State relies on a competitive advantage that includes low corporate tax rate;
2015/10/13
Committee: ECON
Amendment 173 #

2015/2010(INL)

Motion for a resolution
Recital V – introductory part
V. whereas improved coordination alone will not solve fundamental problems arising from the fact that different rules regarding corporate taxation exist in different Member States; whereas part of the overall response to aggressive tax planning must involve the convergence of a limited number of national tax practices; whereas this can be achieved while still preserving the sovereignty of Member States in relation to other elements of their corporate tax systems; whereas the policies or the measures aiming a level playing field between companies should not contradict or undermine the long term interests of Member States that follow transparency principles and exchange of information on tax rulings and manage an effective tax system with low corporate tax rate;
2015/10/13
Committee: ECON
Amendment 188 #

2015/2010(INL)

Motion for a resolution
Recital V – point iii a (new)
(iiia) whereas Member States should retain the power to adopt certain incentives for businesses, in line with Union Competition law;
2015/10/13
Committee: ECON
Amendment 205 #

2015/2010(INL)

Motion for a resolution
Recital W a (new)
Wa. whereas this report does not aim to harmonise Member States' corporate tax rates and respects their sovereign rights to set their own taxation policy as well as their economic and social cohesion and stability;
2015/10/13
Committee: ECON
Amendment 316 #

2015/2010(INL)

Motion for a resolution
Annex – title 2 – subtitle 1
Recommendation B1. Introduction of a Common Corporate Tax Base The European Parliament calls on the European Commission to bring forward as soon as possible a legislative proposal for the introduction of a common corporate tax base: As a first step, by June 2016, a mandatory Common Corporate Tax Base (CCTB) in the Union, with an exemption for small- and medium-sized enterprises and companies with no cross-border activity, in order to have only one set of rules for companies operating in several Member States to calculate their taxable profits. As a second step, as soon as possible and certainly no later than the end of 2017, a mandatory CCCTB, taking into due consideration the range of different options (factoring in the costs, for example, of incorporating small and medium enterprises and companies with no cross-border activity); During the interim period between the introduction of mandatory CCTB and that of full CCCTB, a set of measures to reduce profit shifting (mainly via transfer pricing) including a Union anti-BEPS legislative proposal. These measures should include a temporary cross-border loss offset regime only if the Commission can guarantee that it will be transparent and will not create the possibility of misuse for aggressive tax planning. The Commission should consider to what extent it would be necessary to harmonise accounting principles in order to prepare the underlying accounting data to be used for CCCTB purposes.deleted
2015/10/13
Committee: ECON
Amendment 99 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EU) No 806/2014
Article 2 – paragraph 1 – point a
(a) credit institutions established in a participating Member State, including those affiliated to an institutional protection scheme as referred to in Article 113(7) of Regulation No 575/2013;
2024/03/13
Committee: ECON
Amendment 113 #

2015/0270(COD)

Proposal for a regulation
Recital 5
(5) In June 2015, the Five Presidents Report on Completing Europe’s Economic and Monetary Union pointed out that a single banking system can only be truly single if confidence in the safety of bank deposits is the same irrespective of the Member State in which a bank operates. This requires single bank supervision, single bank resolution and single deposit insurance. The Five Presidents report therefore proposed tocalled for completeion of the Banking Union by establishing a European Deposit Insurance Scheme (EDIS), the third pillar of a fully-fledged Banking Union alongside bank supervision and resolution, that should be completed by a common fiscal backstop based in the European Stability Mechanism. Concrete steps in that direction should already be taken as a priority, with a re-insurance system at the European level for the national deposit guarantee schemes as a first step towards a fully mutualised approach. The scope of this reinsurance system should coincide with that of the SSM.
2016/12/20
Committee: ECON
Amendment 117 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point9
Regulation (EU) No 806/2014
Article 19 – paragraphs 3 5 7 and 10
9. Article 19 is amended as follows: (a) in paragraph 3, the first subparagraph is replaced by the following: ‘ To the extent that the resolution action as proposed by the Board involves the use of the Funds (SRF or DIF), the Board shall notify the Commission of the proposed use of the Funds. The Board's notification shall include all of the information necessary to enable the Commission to make its assessments pursuant to this paragraph.; ’ (b) in paragraph 3, in the third, the fifth and the seventh subparagraphs the word "Fund" is replaced by "Funds", making such grammar changes as necessary; (c) in paragraph 5, the second subparagraph is replaced by the following: ‘ The Board shall pay any amounts received under the first subparagraph into the respective Fund (SRF or DIF) and take such amounts into consideration when determining contributions in accordance with Articles 70 and 71, and 74c and 74d.; ’ (d) in paragraphs 7 and 10, the word "Fund" is replaced by the word "Funds", making such grammar changes as necessary;deleted
2024/03/13
Committee: ECON
Amendment 127 #

2015/0270(COD)

Proposal for a regulation
Recital 7
(7) The absence of a homogenous level of depositor protection can distort competition and create an effective barrier for the freedoms of establishment and free provision of services by credit institutions within the internal market. A common deposit insurance scheme is therefore essential for the completion of the internal market in financial services, while improving the competitive position of the Union as the safest financial area in the world.
2016/12/20
Committee: ECON
Amendment 152 #

2015/0270(COD)

Proposal for a regulation
Recital 14
(14) In order to ensure parallelism with the SSM and the SRM, EDIS should apply to participating Member States. Banks established in the Member States not participating in the SSM should not be subject to EDIS. As long as supervision in a Member State remains outside the SSM, that Member State should remain responsible for ensuring the protection of depositors against the consequences of the insolvency of a credit institutiondeposits becoming unavailable. As Member States join the SSM, they should also automatically become subject to the EDIS. Ultimately, the EDIS could potentially extend to the entire internal market.'
2016/12/20
Committee: ECON
Amendment 155 #

2015/0270(COD)

Proposal for a regulation
Recital 15
(15) In order to ensure a level playing field within the internal market as a whole, this Regulation is consistent with Directive 2014/49/EU. It complements the rules and principles of that Directive to ensure the proper functioning of EDIS and that appropriate funding is available to the latter. The key objective of the EDIS is to enhance the effective deposit guarantee framework with a view to protecting depositors against the consequences of deposits becoming unavailable. At the full insurance stage, the objective is to provide an equal level of protection to all depositors of credit institutions affiliated to the participating DGSs. The material law on deposit guarantee to be applied within the EDIS framework will therefore be consistent with the one applicable by the national DGSs or designated authorities of the non- participating Member States, harmonised through the Directive 2014/49/EU.
2016/12/20
Committee: ECON
Amendment 198 #

2015/0270(COD)

Proposal for a regulation
Recital 20
(20) As the Deposit Insurance Fund, in the re-insurance stage, would only provide an additional source of funding and would only weaken the link between banks and their national sovereign, without however ensuring that all depositors in the Banking Union enjoy an equal level of protection, the reinsurance stage should, after threewithin two years, gradually progress into a co- insurance scheme and ultimately into a fully mutualised deposit insurance scheme. Only a fully mutualized EDIS would ensure that all depositors enjoy an equal level of protection.
2016/12/20
Committee: ECON
Amendment 208 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41 o –title
Article 41o Repayment of funding and determination of excess loss and lossliquidity
2024/03/13
Committee: ECON
Amendment 211 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41 o – paragraph 1
1. The participating DGS shall repay the fundingliquidity support provided by the Board under Article 41n, less the amount of any excess loss cover in case of coverage under Article 41a in accor dany loss cover in case of coverage under Article 41d orce with a repayment plan as referred to in paragraph 2 of this Article 41h.
2024/03/13
Committee: ECON
Amendment 213 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41 o – paragraph 2
2. UntilWithin 3 monthsof the determinationof the insolvency or resolution procedure, the Board shall determine, on an annual basis, the amount the participating DGS has already recovered from the insolvency procedure or has already be referred to in Article 41m, the Board, after consulting the relevant designated authority, shall establish a repayment paid in accordance with Article 75 of Directive 2014/59/EU. The participating DGS shalllan that ensures that the funding provide tod by the Board all information necessary to make this determination. The participating DGS shall pay to the Board a share of that amount which corresponds to the share that is covered by EDIS in accordance with Article 41a, Article 41d or Article 41hunder Article 41n will be repaid in full within six years by the participating DGS.
2024/03/13
Committee: ECON
Amendment 215 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41 o – paragraph 3
3. In case of coverage under Article 41a, the participating DGSshall also pay to the Board, by the end of the first calendar year after the funding was provided, an amount equal to the ex-post contributions that the participatingDGS may raise within one calendar year in accordance with the first sentence of the first subparagraph of Article 10(8) of Directive 2014/49/EU, less the amount of ex-post contributions it raised in accordance with point (b) of Article 41b(1) of this RegulationThe repayment plan initially shall, to the largest extent possible, be based on the expected funding from the sources referred to in paragraph 5.
2024/03/13
Committee: ECON
Amendment 220 #

2015/0270(COD)

Proposal for a regulation
Recital 23
(23) The Deposit Insurance Fund is an essential element without which the progressive establishment of EDIS could not be achieved. Different national systems of funding would not provide for homogenous deposit insurance across the Banking Union. Throughout the three stages, the Deposit Insurance Fund should help ensuring the stabilising role of DGSs, a uniform high level of protection to all depositors in a harmonised framework throughout the Union and avoiding the creation of obstacles for the exercise of fundamental freedoms or the distortion of competition in the internal market due to different levels of protection at national level, since savers have the right to open a bank account in any Member State irrespective of their legal domicile.
2016/12/20
Committee: ECON
Amendment 221 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41 o – paragraph 4
4. After the termination of the insolvency procedure or resolution procedure of the credit institution concerned, the Board shall without delay determine the excess loss in accordance with Article 41d or the loss in accordance with Article 41h. Where this determination results in arepayment obligation ofthe participating DGS that differs from the amounts repaid in accordance with the second and third paragraph, the difference shall be settled between the Board and the participating DGS without deThe following conditions for the repayment planshallapply: (a) the minimum annualrepayment bythe participating DGS shall be on average 10% of the funding provided by the Board under article 41n; and b) each year, the Board shall reassess the level of expected recoveries and recalibrate the repayment plan for the remaining years in accordance with that assessment, and assess any need to extend the repayment playn.
2024/03/13
Committee: ECON
Amendment 223 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41 o – paragraph 4a (new)
4a. As long as a participating DGS has liquidity support outstanding with the DIF, at least 50% of any extraordinary contributions raised in accordance with Article 10(8) of Directive 2014/49/EU, at least 50% of any recoveries on the DGS’s claims pursuant to Article 9(2) of Directive 2014/49/EU and Article 75 of Directive 2014/59/EU, and at least 50% of any repayment of or income derived from measures taken in accordance with Article 109 of Directive 2014/59/EU or Article 11(3) and 11(6) of Directive 2014/49/EU shall be repaid to the DIF. This shall be reflected in the repayment plan.
2024/03/13
Committee: ECON
Amendment 232 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41 q a (new)
Article 41qa Terms of loans provided by the DIF 1. The Board shall determine the key financial terms and conditions of the liquidity facility in a standardised agreement. 2. The Board and the participating DGS that has requested liquidity support in accordance with Article 41a shall enter into an agreement based on the standardized agreement as referred to in paragraph 1. 3. In case the participating DGS requests an extension of the maturity of the loan in accordance with Article 41o(7), an interest rate not higher than the ECB marginal facility rate may be charged until the remaining time to maturity of the loan.
2024/03/13
Committee: ECON
Amendment 246 #

2015/0270(COD)

Proposal for a regulation
Recital 27
(27) In principle, contributions should be collected from the industrybanks prior to, and independently of, any deposit insurance action. When prior funding is insufficient to cover the losses or costs incurred by the use of the Deposit Insurance Fund, additional contributions should be collected to bear the additional cost or loss. Moreover, the Deposit Insurance Fund should be able to contract borrowings or other forms of support from credit institutions, financial institutions or other third parties in the event that the ex-ante and ex post contributions are not immediately accessible or do not cover the expenses incurred by the use of the Deposit Insurance Fund in relation to deposit insurance actions.
2016/12/20
Committee: ECON
Amendment 264 #

2015/0270(COD)

Proposal for a regulation
Recital 30
(30) Ensuring effective and sufficient financing of the Deposit Insurance Fund is of paramount importance to the credibility of EDIS. The capacity of the Board to contract alternative funding means for the Deposit Insurance Fund should be enhanced in a manner that optimises the cost of funding and preserves the creditworthiness of the Deposit Insurance Fund. Immediately after the entry into force of this Regulation, the necessary steps should be taken by the Board in cooperation with the participating Member States to develop the appropriate methods and modalities permitting the enhancement of the borrowing capacity of the Deposit Insurance Fund that should be in place by the date of application of this Regulation. A mutualised credit line via the European Stability Mechanism (ESM) and an effective common fiscal backstop are necessary as a last resort for ensuring the credibility of EDIS.
2016/12/20
Committee: ECON
Amendment 269 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 –subparagraph 1
The Commission shall be empowered to adopt adelegated acts in accordance with Article 93 in order to specify a risk-based method for the calculation of contributions in accordance with paragraph 2 of this Article.
2024/03/13
Committee: ECON
Amendment 270 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 –subparagraph 2
It shall adopt one delegated act specifying the method for the calculation of contributions payable to participating DGSs and, for the reinsurance period only, to the DIF. In this delegated act the calculation shall be based on the amount of covered deposits and the degree of risk incurred by each credit institution relative to all other credit institutions affiliated to the same participating DGS.
2024/03/13
Committee: ECON
Amendment 273 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 –subparagraph 3
It shall adopt a second delegated act specifying the method for the calculation of the contributions payable to the DIF as from the co-insurance period. In this second delegated act the calculation shall be based on the amount of covered deposits and the degree of risk incurred by each credit institution relative to all other credit institutions referred to in point (b) of Article 2(2).
2024/03/13
Committee: ECON
Amendment 278 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 –subparagraph 4 – introductory part
BothThe delegated acts shall include a calculation formula, specific indicators, risk classes for members, thresholds for risk weights assigned to specific risk classes, and other necessary elements. It shall not consider as a risk to be factored in, the exposures of the credit institutions to the sovereign debt in the EU. The degree of risk shall be assessed on the basis of the following criteria:
2024/03/13
Committee: ECON
Amendment 280 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) 806/2014
Article 74 c – paragraph 5 –subparagraph 4 – point d
(d) the quality of the institution’s assets, including its level II and III assets;
2024/03/13
Committee: ECON
Amendment 288 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – introductory part
2. In addition, in order to ensure that all depositors in the Banking Union enjoy an equal level of protection, this Regulation establishes a fully mutualised European Deposit Insurance Scheme ('EDIS') by 2022 in three successive stages:
2016/12/20
Committee: ECON
Amendment 309 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 39 a (new)
Regulation (EU) No 806/2014
Article 94 – paragraph 3 a (new)
39a. in Article 94, the following paragraph is added: 3a. By [insert one year after entry into force of this amending Regulation] the Commission shall review and assess the functioning of EDIS I and the transition to a fully mutualised insurance scheme that provides funding to and covers the losses of participating deposit guarantee schemes. It shall review the functioning of EDIS I in order to create a single European deposit insurance scheme, possibly backed by a publicly funded liquidity mechanism. The review shall assess in particular the following: (a) the adequacy of the funding mechanism and the target level of EDIS I, and the cases of use of the liquidity mechanism; (b) the scope of the measures financed by EDIS I under article 41a and by the entities referred to in Article 2(2), point (b); (c) the conditions for an extension of EDIS I from providing liquidity support to a loss coverage mechanism and its features; (d) the appropriateness of introducing a publicly funded backstop mechanism to support the DIF. By [insert one year after the date referred to in the first paragraph] the Commission shall submit a report to the European Parliament and the Council on the basis of this assessment. The report shall be accompanied by a legislative proposal, where appropriate.
2024/03/13
Committee: ECON
Amendment 321 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 40
Regulation (EU) No 806/2014
Article 99 – paragraph 5 a
5a. By way of derogation from paragraph 2, Article 1(2), Part IIa and Part III, Title V Chapter 2 Section 1a shall apply without undue delay and from [OP insert date of entry into force of this Regulation];
2024/03/13
Committee: ECON
Amendment 337 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 9 a (new)
9a. in Article 34, paragraph 5 is replaced by the following: ‘5. The Board, the ECB, the national competent authorities and, the national resolution authorities and the national designated authorities may draw up memoranda of understanding with a procedure concerning the exchange of information. The exchange of information between the Board, the ECB, the national competent authorities, and the national resolution authorities and the national designated authorities shall not be deemed to infringe the requirements of professional secrecy.
2016/12/20
Committee: ECON
Amendment 636 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 b – paragraph 5 a (new), 5 b (new), 5 c (new), 5 d (new)
5a. In all phases, the coverage level for the aggregate deposits of each depositor is EUR 100 000 in the event of deposits being unavailable. 5b. In addition to paragraph 5a, EDIS shall ensure that the following deposits are protected up to EUR 400 000 for at least six months once the amount has been credited or from the moment when such deposits become legally transferable: (a) deposits resulting from real estate transactions relating to private residential properties; (b) deposits that serve social purposes laid down in this Regulation and are linked to particular life events of a depositor such as marriage, divorce, retirement, dismissal, redundancy, invalidity or death; (c) deposits that serve purposes laid down in this Regulation and are based on the payment of insurance benefits or compensation for criminal injuries or wrongful conviction. The Commission shall be empowered to adopt a delegated act in accordance with Article 93 in order to establish conditions for enlarging the coverage included in points (a), (b) and (c) of this paragraph. 5c. The amount referred to in paragraph 5a shall be reviewed periodically by the Commission and at least once every five years. If appropriate, the Commission shall submit to the European Parliament and to the Council a proposal for a Directive to adjust the amount referred to in paragraph 5a, taking account in particular of developments in the banking sector and the economic and monetary situation in the Union. The first review shall not take place before 3 July 2020 unless unforeseen events necessitate an earlier review. 5d. The Commission shall be empowered to adopt delegated acts in accordance with Article 93 in order to adjust the amounts referred to in paragraphs 5a and 5b at least every five years, in accordance with inflation in the Union on the basis of changes in the harmonised index of consumer prices published by the Commission since the previous adjustment.
2016/12/21
Committee: ECON
Amendment 745 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 g – paragraph 1 a (new)
1a. The board may raise loans as a mutualised credit line via the European Stability Mechanism regarding the immediate availability of additional financial means to be used where the amounts raised or available are not sufficient to meet the Funds' obligations. A common backstop shall be developed during the re-insurance period.
2016/12/21
Committee: ECON
Amendment 763 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 36
Regulation (EU) No 806/2014
Article 75 – paragraph 3
3. The Board shall have a prudent and safe investment strategy that is provided for in the delegated acts adopted pursuant to paragraph 4 of this Article, and shall invest the amounts held in the SRF and the DIF in obligations of the Member States or intergovernmental organisations, or in highly liquid assets of high creditworthiness, taking into account the delegated act referred to in Article 460 of Regulation (EU) No 575/2013 as well as other relevant provisions of that Regulation. Investments shall be sufficiently sectorally, geographically and proportionally diversified. The return on those investments shall benefit the SRF and the DIF respectively, in strict proportion to the monies invested on behalf of each of those funds.
2016/12/21
Committee: ECON
Amendment 774 #

2015/0270(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 37
Regulation (EU) No 806/2014
Article 77 a – paragraph 3 a (new)
3a. The Board may allow the use of the DIF for alternative measures in order to prevent the failure of a credit institution provided that the conditions defined in the Article 11(3) of the Directive 2014/49/EU are met. The Board may decide that the available financial means may also be used to finance measures to preserve the access of depositors to covered deposits, including transfer of assets and liabilities and deposit book transfer, in the context of national insolvency proceedings, provided that the costs borne by the DIF do not exceed the net amount of compensating covered depositors at the credit institution concerned.
2016/12/21
Committee: ECON
Amendment 91 #

2015/0009(COD)

Proposal for a regulation
Recital 1
(1) The economic and financial crisis has led to a lowering of the level of investments within the Union. Investment has fallen by approximately 15% since its peak in 2007. The Union suffers in particular from a lack of investment as a consequence of market uncertainty regarding the economic future and the fiscal constraints on Member Statefiscal constraints on Member States and sluggish growth, thereby resulting in market uncertainty regarding the economic future. Fiscal consolidation has drastically limited the room for national governments to push for sustainable economic growth, which would provide the incentive that SMEs would need to grow and provide jobs. This lack of investment, which has been particularly severe in Member States most affected by the crisis, slows economic recovery and negatively affects job creation, long-term growth prospects and competitiveness.
2015/03/19
Committee: BUDGECON
Amendment 100 #

2015/0009(COD)

Proposal for a regulation
Recital 1
(1) The economic and financial crisis has led to a lowering of the level of investments within the Union. Investment has fallen by approximately 15% since its peak in 2007. The Union suffers in particular from a lack of investment as a consequence of market uncertainty regarding the economic future and the fiscal constraints on Member States. This lack of investment and the severe capital exit in some member states slows economic recovery and negatively affects job creation, long-term growth prospects and competitiveness.
2015/03/19
Committee: BUDGECON
Amendment 134 #

2015/0009(COD)

Proposal for a regulation
Recital 6
(6) On 26 November 2014, the Commission presented a communication entitled ‘An Investment Plan for Europe’1 that envisaged the creation of a European Fund for Strategic Investments ('EFSI'), a transparent pipeline of investment projects at European level, the creation of an advisory hub (European Investment Advisory Hub – 'EIAH') and an ambitious agenda to remove obstacles to investment and complete the Single Market. __________________ 1 Communication to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee, the Committee of the Regions and European Investment Bank entitled ‘An Investment Plan for Europe’. COM(2014) 903 final
2015/03/19
Committee: BUDGECON
Amendment 187 #

2015/0009(COD)

Proposal for a regulation
Recital 11
(11) The EFSI should support strategic investments with high economic value added contributing to achieving Union policy objectives and national strategic goals.
2015/03/19
Committee: BUDGECON
Amendment 225 #

2015/0009(COD)

Proposal for a regulation
Recital 12
(12) Many small and medium enterprises, as well as mid-cap companies, across the Union require assistance to attract market financing, especially as regards investments that carry a greater degree of risk, and in particular those member states with a dysfunctional banking system. The EFSI should help these businesses to overcome capital shortages by allowing the EIB and the European Investment Fund ('EIF') to provide direct and indirect equity injections, as well as to provide guarantees for high-quality securitisation of loans, and other products that are granted in pursuit of the aims of the EFSI.
2015/03/19
Committee: BUDGECON
Amendment 252 #

2015/0009(COD)

Proposal for a regulation
Recital 14
(14) The EFSI should target projects delivering high societal and economic value. In particular, the EFSI should target projects that promote job creation, technological innovation, long- term growth and competitiveness. The EFSI should support a wide range of financial products, including equity, debt or guarantees, to best accommodate the needs of the individual project. This wide range of products should allow the EFSI to adapt to market needs whilst encouraging private investment in the projects. The EFSI should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money. TWhile taking into full account the special situation of peripheral islands and regions, the requirement for consistency with State aid principles should contribute to such effective and strategic use, by avoiding one-size-fits-all approaches.
2015/03/19
Committee: BUDGECON
Amendment 301 #

2015/0009(COD)

Proposal for a regulation
Recital 15
(15) The EFSI should target projects with a higher risk-return profile than existing EIB and Union instruments to ensure additionality over existing operations. The EFSI should finance projects across the Union, including particular in the countries most affected by the financial crisis. The EFSI should only be used where financing is not available from other sources on reasonable terms.
2015/03/19
Committee: BUDGECON
Amendment 308 #

2015/0009(COD)

Proposal for a regulation
Recital 16
(16) The EFSI should target investments that are expected to be economically and technically viable, which may entail a degree of appropriate risk and/or a delayed payback, whilst still meeting the particular requirements for EFSI financing.
2015/03/19
Committee: BUDGECON
Amendment 316 #

2015/0009(COD)

Proposal for a regulation
Recital 16
(16) The EFSI should target investments that are expected to be economically and technically viable and may contribute to the Union's strategy goals, including EU Energy Security Strategy, which may entail a degree of appropriate risk, whilst still meeting the particular requirements for EFSI financing.
2015/03/19
Committee: BUDGECON
Amendment 409 #

2015/0009(COD)

Proposal for a regulation
Recital 22
(22) In accordance with the Treaty on the Functioning of the European Union, Infrastructure and project investments supported under EFSI should be consistent with State aid rules, while taking into full account the special situation of peripheral islands and regions. To that end, the Commission has announced that it will formulate a set of core principles, for the purpose of State aid assessments, which a project will have to meet to be eligible for support under the EFSI. If a project meets these criteria and receives support from the EFSI, the Commission has announced that any national complementary support, will be assessed under a simplified and accelerated State aid assessment whereby the only additional issue to be verified by the Commission will be the proportionality of public support (absence of overcompensation). The Commission has also announced that it will provide further guidance on the set of core principles with a view to ensuring an efficient use of public funds. The said guidance needs to be finalised and made publicly available as early as possible, at latest by the finalisation of the rules governing the Fund.
2015/03/25
Committee: BUDGECON
Amendment 468 #

2015/0009(COD)

Proposal for a regulation
Recital 29
(29) To partially finance the contribution from the Union budget, the available envelopes of the Horizon 2020 – the Framework Programme for Research and Innovation 2014-2020, provided by Regulation (EU) No 1291/2013 of the European Parliament and of the Council2 , and the Connecting Europe Facility, provided by Regulation (EU) No 1316/2013 of the European Parliament and of the Council3 , should be reduced. Those programmes serve purposes that are not replicated by the EFSI. However, the reduction of both programmes to finance the guarantee fund is expected to ensure a greater investment in certain areas of their respective mandates than is possible through the existing programmes. The EFSI should be able to leverage the EU guarantee to multiply the financial effect within those areas of research, development and innovation and transport, telecommunications and energy infrastructure compared to if the resources had been spent via grants within the planned Horizon 2020 and Connecting Europe Facility programmes. It is, therefore, appropriate to redirect part of the funding presently envisaged for those programmes to the benefit of EFSI. __________________ 2 Regulation (EU) No 1291/2013 of the European Parliament and of the Council of 11 December 2013 establishing Horizon 2020 - the Framework Programme for Research and Innovation (2014-2020) and repealing Decision No 1982/2006/EC (OJ L 347, 20.12.2013, p. 104). 3Regulation (EU) No 1316/2013 of the European Parliament and of the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (OJ L 348, 20.12.2013, p. 129).deleted
2015/03/25
Committee: BUDGECON
Amendment 549 #

2015/0009(COD)

Proposal for a regulation
Article 1 – paragraph 1 – subparagraph 1 a (new)
For the purposes of this Regulation, the following definition apply: National promotional banks or institutions´ means legal entities carrying out a financial activity on a professional basis and upon which are conferred a public mandate by a Member State, whether at central, regional or local level, to carry out public development or promotional activities on a non- commercial basis, seeking to address market failures by providing counter- cyclical finance;
2015/03/25
Committee: BUDGECON
Amendment 562 #

2015/0009(COD)

Proposal for a regulation
Article 1 – paragraph 1 – subparagraph 2
The purpose of the EFSI shall be to support investments in the Union and to ensure increased access to financing for companies having up to 3000 employees, with a particular focus on micro, small and medium enterprises, through the supply of risk bearing capacity to the EIB ('EFSI Agreement').
2015/03/25
Committee: BUDGECON
Amendment 586 #

2015/0009(COD)

Proposal for a regulation
Article 1 – paragraph 2
2. The EFSI Agreement shall be open to accession by Member States. Subject to the consent of existing contributors, the EFSI Agreement shall also be open to accession by other third parties, including national and regional promotional banks or public agencies owned or controlled by Member Sstates, and private sector ent/or regional authorities.
2015/03/25
Committee: BUDGECON
Amendment 671 #

2015/0009(COD)

Proposal for a regulation
Article 2 – paragraph 1 – subparagraph 1 – point j a (new)
(ja) provisions covering the manner in which the EFSI can be dissolved and its operations wound down;
2015/03/25
Committee: BUDGECON
Amendment 729 #

2015/0009(COD)

Proposal for a regulation
Article 2 – paragraph 3
3. Member Sstates that become parties to the EFSI Agreement shall be able to provide their contribution, in particular, in the form of cash or a guarantee acceptable to the EIB of through a transfer to the EFSI of funds allocated to them under the Structural Funds programmes which remain unutilised. Other third parties shall be able to provide their contribution only in cash.
2015/03/25
Committee: BUDGECON
Amendment 789 #

2015/0009(COD)

Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 2 a (new)
Each Member States shall appoint a representative to the Steering Board to attend its meetings as a non-participating, non-voting observer.
2015/03/25
Committee: BUDGECON
Amendment 807 #

2015/0009(COD)

Proposal for a regulation
Article 3 – paragraph 3 – subparagraph 3 a (new)
The minutes of Steering Board meetings shall be published as soon as they have been approved by the Board.
2015/03/25
Committee: BUDGECON
Amendment 914 #

2015/0009(COD)

Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – introductory part
The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 3(5) or funding to the EIF in order to conduct EIB financing and investment operations in accordance with Article 7(2). The operations concerned shall be consistent with Union policies and support non-exclusively any of the following general objectives:
2015/03/25
Committee: BUDGECON
Amendment 926 #

2015/0009(COD)

Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – introductory part
The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 3(5) or funding to the EIF in order to conduct EIB financing and investment operations in accordance with Article 7(2). The operations concerned shall be consistent with Union policies and strategic goals including the EU Energy Security Strategy, address high investment needs in the EU, in particular in the countries mostly affected by the financial crisis and support any of the following general objectives:
2015/03/25
Committee: BUDGECON
Amendment 950 #

2015/0009(COD)

Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a
(a) development of infrastructure, including in the areas of transport, particularly in industrial centres; energy, in particulartransport, energy, inter alia energy interconnections;, and digital infrastructure;
2015/03/25
Committee: BUDGECON
Amendment 985 #

2015/0009(COD)

Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point c
(c) expansion of renewable energy and energy and resource efficiency; and development and utilisation of the Union's energy resources
2015/03/25
Committee: BUDGECON
Amendment 1021 #

2015/0009(COD)

Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2
In addition, the EU guarantee shall be granted for support of dedicated investment platforms and national, or regional promotional banks, via the EIB, that invest in operations meeting the requirements of this Regulation. In that case, the Steering Board shall specify policies regarding eligible investment platforms.
2015/03/25
Committee: BUDGECON
Amendment 1037 #

2015/0009(COD)

Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2 a (new)
The pursuit of the Union objective of smart, sustainable, long-term and inclusive growth and having high societal and economic value, the highest possible positive impact on quality job creation, and EU added value, like spending in health, care and education services as investment – and not just as current expenditure that add to public deficits – as it builds and sustains the social and human capital of our economies in the long-run.
2015/03/25
Committee: BUDGECON
Amendment 335 #

2014/2254(INI)

Motion for a resolution
Paragraph 7 a (new)
7a. Urges respect of freedom of religion or belief in the occupied part of Cyprus, where more than 500 religious and cultural monuments are on the way to collapse;
2015/05/12
Committee: LIBE
Amendment 729 #

2014/2254(INI)

Motion for a resolution
Paragraph 16 a (new)
16a. notes that thousands of refugees, who have been forced to abandon their homes and properties due to the Turkish occupation against Cyprus since 1974 are still denied their basic human right to live, work and move freely throughout the whole territory of their homeland until today; notes further that families and relatives of the missing persons are still denied their right to know the fate of their loved ones, as Turkey refuses to allow full access to all military zones and to its relevant archives for investigation purposes by the Committee on the Missing Persons in Cyprus;
2015/05/19
Committee: LIBE
Amendment 32 #

2014/2245(INI)

Draft opinion
Paragraph 3
3. Notes that the reform of cohesion policy has focused on delivering an investment policy; welcomes the Commission’s Investment Plan, and endorses its proposal to finance the new European Fund for Strategic Investments (EFSI) by making national contributions to the fund fiscally neutral as regards the SGPtability and Growth Pact (SGP); stresses that the investment plan should aim at labour intensive projects, which seek to create quality employment in the EU, notably by taking proper account of the financing needs in those countries most affected by the crisis through an appropriate use of available financial instruments; stresses the interdependence of cohesion policy with the EU’s other investment initiatives; calls on the Commission to create a coherent and effective investment framework;
2015/03/26
Committee: ECON
Amendment 49 #

2014/2245(INI)

Draft opinion
Paragraph 4
4. Welcomes the ‘investment clause’ outlined in the Commission communication on flexibility within the SGP; strongly believes that the investment clause should be symmetrically extended to the corrective arm; insists in this respect on the establishment of a favourable climate for the development of public- sector investment; wishes that the flexibility principle keep in mind the impact of the new accounting standards ESA2010 on the investment capacity of some public authorities;
2015/03/26
Committee: ECON
Amendment 59 #

2014/2245(INI)

Draft opinion
Paragraph 5
5. Believes that the possibility of exempting the national cofinancing of the European Structural and Investment Funds (ESIF) from SGP deficit calculations should be examined;
2015/03/26
Committee: ECON
Amendment 62 #

2014/2245(INI)

Draft opinion
Paragraph 5 a (new)
5a. Welcomes a more performance- oriented Cohesion Policy based on quantitative and qualitative indicators;
2015/03/26
Committee: ECON
Amendment 63 #

2014/2245(INI)

Draft opinion
Paragraph 5 a (new)
5a. Calls to set up productive investments that have a significant impact on real economy and employment rate
2015/03/26
Committee: ECON
Amendment 65 #

2014/2245(INI)

Draft opinion
Paragraph 5 b (new)
5b. Calls for a direct support to promote solid growth and sustainable development of micro, small and medium-sized enterprises, especially in Member States where the crisis has had a greater impact in terms of their closures;
2015/03/26
Committee: ECON
Amendment 71 #

2014/2245(INI)

Draft opinion
Paragraph 6
6. Welcomes the closer alignment of cohesion policy with the overall economic strategy and the EU’s Economic Governance Framework; opposes creating a close link between financial and fiscal objectives and cohesion policy; expresses its great concerns about the macroeconomic conditionality introduced in the new Structural Fund Regulation (article 21); calls on the Commission to ensure that the effectiveness of the ESIF is not compromised by macroeconomic policies; calls for the full and formal involvement of Parliament in the future governance structure of the fund;
2015/03/26
Committee: ECON
Amendment 76 #

2014/2245(INI)

Draft opinion
Paragraph 6 a (new)
6a. Calls to continue to invest in Structural Funds across all regions including transition areas in order to not interrupt the effects of means and efforts already implemented;
2015/03/26
Committee: ECON
Amendment 80 #

2014/2245(INI)

Draft opinion
Paragraph 7
7. Highlights the importance of better inclusion of the social partners at regional, local level and of civil society organisations; stresses the importance of the effective implementation of the European code of conduct on Partnership.
2015/03/26
Committee: ECON
Amendment 40 #

2014/2228(INI)

Motion for a resolution
Recital A
A. whereas an ambitious and balanced agreement with the US may support the reindustrialisation of Europe and help achieve the 2020 target for an increase of the EU's GDP generated by industry from 15 % to 20 %; whereas it has the potential to create opportunities especially for SMEs, micro enterprises, according to the definition of Recommendation COM 2003/361/CE, clusters and enterprises networks which suffer more from non- tariff barriers (NTBs) than larger companies; whereas an agreement between the two biggest economic blocs in the world has the potential to create standards, norms and rules which will be adopted at a global level, which would serve to the advantage of third countries as well;
2015/03/30
Committee: INTA
Amendment 112 #

2014/2228(INI)

Motion for a resolution
Recital E
E. whereas many economic impact studies on TTIP should be taken with caution as they are built on computable general equilibrium economic models with very optimistic predictions about the capacity of the EU and the US to reduce regulatory barriers to trade; whereas the TTIP alone will not resolve economic problems in the EU and no false hopes and expectations should be raised in that respectthe real impact of TTIP on both EU and US economies is difficult to assess and hard to predict while negotiations are still ongoing; whereas there are contradictory economic impact studies on TTIP and they should be taken with caution as regards the capacity of the EU and the US to reduce regulatory barriers, unnecessary or unjustified, to trade and to support economic growth and job creation; whereas the TTIP alone will not resolve economic problems in the EU and no false hopes and expectations should be raised in that respect; whereas hopes and expectations on TTIP should be commensurate to the level of ambition that will be reached sector by sector in the negotiation;
2015/03/30
Committee: INTA
Amendment 243 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point a – point i
(i) to ensure that TTIP negotiations lead to a deep, comprehensive, ambitious, balanced and high-standard trade and investment agreement that would promote sustainable growth with shared benefits across EU Member States, support the creation of high-quality jobs for European workers, directly benefit European consumers by ensuring a high level of existing and future labour, social and environmental standards, fight tax evasion, tax avoidance and tax havens, increase international competitiveness, and open up new opportunities for EU companies, in particular SMEsmicro and SMEs, and contribute to attracting more foreign investments in the EU; the content of the agreement is more important than the speed of the negotiations, which should in any case take into account the developments in the global international arena;
2015/03/30
Committee: INTA
Amendment 260 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point a – point ii
(ii) to emphasise that while the TTIP negotiations consist of negotiations on three main areas – ambitiously improving reciprocal market access (for goods, services, investment and public procurement at all levels of government), reducing NTBs and enhancing the compatibility of regulatory regimes, and developing common rules to address shared global trade challenges and opportunities – all these areas are equally important to be included in a comprehensive package; TTIP should be ambitious and binding on all levels of government on both sides of the Atlantic, the agreement should lead to lasting, fair, genuine market openness on a reciprocal basis and trade facilitation on the ground, and should pay particular attention to structural means of achieving greater transatlantic cooperation while upholding regulatory standards and preventing social and environmental dumping, including through a structured system of pre and post impact assessment and evaluation procedures, including a precise gender assessment;
2015/03/30
Committee: INTA
Amendment 307 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point b – point i
(i) to ensure that the market access offers in the different areas are equally ambitious and reflect both parties' expectations, as market access for industrial goods, raw materials, energy, agricultural products, services and public procurement is equally important in all cases and a balance is needed between the different proposals for these areas;
2015/03/30
Committee: INTA
Amendment 397 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point b – point vi
(vi) to ensure an adequate carve-out of sexplicit exclusion of public services from the scope of application of TTIP as referred to in article 14 TFEU, through the introduction of an extensitive services such as public services and public utiliticarve-out in the core text of the agreement of all public services, current and future, covering all non-economic Services of General Interest as well as Services of General Economic Interest (including water, healthbut not limited to water, health, social services, social security systems and education) allowing, to ensure that national and local authorities enough room for manoeuvre to legislate in retain the full ability to introduce, adopt, maintain or repeal any measures with regards to the commissioning, organisation, funding and provision of public services as provided in article 106 TFEU and Protocol 26 TFEU; this exclusion should apply whether the services in question are organised as a monopoly, operating under exclusive rights or otherwise, and whether public interest; aly and privately funded and/or organised; notes the joint declaration reflecting negotiators' clear commitment to exclude these sectors from the negotiations would be very helpful in this regard; ;
2015/03/30
Committee: INTA
Amendment 453 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point b – point viii a (new)
(viiia) to aim at the mutual recognition of professional qualifications in order to enable EU and US professionals to practice on either side of the Atlantic and to facilitate mobility of investors, professionals, high-skilled workers and technicians between the EU and the US in sectors covered by TTIP;
2015/03/30
Committee: INTA
Amendment 472 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point b – point x
(x) to keep in mind that, as specified in the mandate, the agreement shouldall not riskcontain any provisions that prejudicinge the Union's cultural and linguistic diversity, including in; to therefore ensure that the audiovisual and cultural services sector, and thats well as existing and future provisions and policies in support of the cultural sector, in particular in the digital world, are kept out of the scope of the negotiations in accordance with the principle of technological neutrality, are kept out of the scope of the negotiations; to exclude subsidies or government support to audiovisual, educational and cultural services and its industries, including "digital products", from any commitments taken in chapters related to telecommunication, investment or e- commerce;
2015/03/30
Committee: INTA
Amendment 489 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point b – point xi
(xi) to ensurake an ambitious approach to the tchat account is taken of the discrepancies in thepter on public procurement, with a view to remedying, in line with the principle of reciprocity, the major disparity currently existing in the degree of openness of the two public procurement markets on both sides of the Atlantic andand to significantly opening up the US market, still ruled under the Buy American Act of 1933 on the basis of the international undertakings entered into under the Agreement on Government Procurement (GPA) and of the removal of the restrictions currently applying at federal, state and administrative level alike in the United States; emphasises, in particular, the need to guarantee that undertakings entered into by the US federal authorities will be honoured at all political and administrative levels; to ensure that account is taken of the huge interest on the part of European companies in obtaining, notably SMEs, in obtaining non- discriminatory access to public contracts in the US both at federal and state level, for example for construction services, traffic infrastructure and goods and services while respecting sustainability criteria for procurement on both sides, inter alia; to ensure the compliance of the chapter with the new EU public procurement and concession package entering into force in 2016directives, notably as regards the definition of public-cooperation, exclusions, SMEs access and the use of the MEAT criteria;
2015/03/30
Committee: INTA
Amendment 593 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point c – point iii
(iii) with regard to the horizontal regulatory cooperation chapter, to give priority to fostering bilateral cooperation between regulatory bodies through enhanced information exchange and to promote the adoption, strengthening and timely implementation of international instruments, on the basis of successful international experiences such as, for instance, ISO standards or under the United Nations Economic Commission for Europe's (UNECE) World Forum for Harmonisation of Vehicle Regulations (WP.29); to establish that the prior impact assessment for the regulatory act, as defined in the horizontal provisions on regulatory cooperation, should also measure and prioritise the impact on consumers and, the environment next toand gender relations over its impact on trade and investment; to handle the possibility of promoting regulatory compatibility with great care and only without compromising legitimate regulatory and policy objectives;
2015/03/30
Committee: INTA
Amendment 610 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point c – point v
(v) to fully respect the established regulatory systems on both sides of the Atlantic, as well as the European Parliament's role within the EU's decision-making process and its democratic scrutiny over EU regulatory processes when creating the framework for future cooperation while at the same time being vigilant about a balanced involvement of stakeholders within the consultations included in the development of a regulatory proposal; in order to avoid that neither Party exercise any veto power before any regulatory proposal has been officially tabled by the other Party; to specify the role, the composition and the legal quality of the Regulatory Cooperation Council, taking into consideration that any direct and compulsory application of its recommendations would imply a breach of the law-making procedures laid down in the Treaties; to also oversee that it fully preserve the capacity of national, regional and local authorities to legislate their own policies, in particular social and environmental policies;
2015/03/30
Committee: INTA
Amendment 745 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point d – point xiii
(xiii) to ensure that investment protection provisions are limited to post- establishment provisions and focus on non- discrimination and fair and equitable treatment; standards of protection and definitions of investor and investment should be drawn up in a precise manner; stresses that substantive provisions shall, inter alia, protect the right to regulate in the public interest, clarify the meaning of indirect expropriation and prevent unfounded or frivolous claims; free transfer of capital should be in line with the EU treaty provisions and should include a prudential carve-out in the case of financial crises;
2015/03/30
Committee: INTA
Amendment 860 #

2014/2228(INI)

Motion for a resolution
Paragraph 1 – point e – point iv a (new)
(iva) to fully involve National Parliaments and keep them regularly informed on the negotiations, especially since, given the scope of the ambition for the agreement, it is likely TTIP will be considered a 'mixed- type' agreement and thus require a ratification process in EU Member States including, in some cases, at the regional level;
2015/03/30
Committee: INTA
Amendment 33 #

2014/2153(INI)

Draft opinion
Paragraph 3 a (new)
3a. Underlines that the promotion of the exploitation of indigenous conventional oil and gas resources within the EU in full compliance with EU acquis, both in traditional production areas (e.g. the North Sea) and in newly discovered areas (e.g. Eastern Mediterranean, Black Sea) will lessen the dependence of the EU on external suppliers and transit countries and will enhance EU’s energy security; in this regard, EU should view as priority newly discovered energy resources within the EU and take advantage of the opportunities that emerge from the energy sources of the Eastern Mediterranean, in particular with a view to create a Mediterranean gas hub through a corridor from the South-eastern Mediterranean to Europe;
2015/02/27
Committee: INTA
Amendment 41 #

2014/2153(INI)

Draft opinion
Paragraph 4
4. Calls on the Member States to examine the possibility of increaseing their cooperation on the information exchange mechanism with regard to intergovernmental agreements (IGAs) with third countries in the field of energy, in order to increase transparency and bundle their negotiating power vis-à-vis third countries;
2015/02/27
Committee: INTA
Amendment 48 #

2014/2153(INI)

Draft opinion
Paragraph 4 a (new)
4a. Notes that on request of the Member State the Commission could participate as an observer in negotiations for intergovernmental agreements;
2015/02/27
Committee: INTA
Amendment 63 #

2014/2153(INI)

Draft opinion
Paragraph 6
6. Is of the opinionStresses that the EU should help the most vulnerable countries diversify their sources and supply routes, including reverse flows, with an emphasis on renewable energies and related storage facilities, in order to increase energy efficiency worldwide, and should help eradicate energy poverty, contribute to global sustainable development and support the global effort to tackle climate change; therefore recalls, in the context of energy diversity, the essential role of energy mix including all sorts of energy production and allowing for specific conditions of individual Member State in order to achieve the EU energy goals;
2015/02/27
Committee: INTA
Amendment 68 #

2014/2153(INI)

Draft opinion
Paragraph 6 a (new)
6a. Stresses that strategic infrastructures that promote the diversification of supplies, sources and routes, such as storage, import and transport facilities, as well as liquefaction and regasification of natural gas plants, can facilitate enhanced supply when emergency situations occur; these infrastructures may be supported by means of specific regulatory arrangements and/or public funding as provided by the ‘trans- European energy infrastructure’ Regulation (EU) No. 347/2013 and the ‘Connecting Europe Facility’ Regulation (EU) No. 1316/2013 and/or financial support via EU financial instruments based on the strategic goals of the EU;
2015/02/27
Committee: INTA
Amendment 75 #

2014/2059(INI)

Motion for a resolution
Paragraph 2
2. Welcomes the ambitiousNotes the structural reforms implemented by Member States under the macroeconomic adjustment programmes; finds it regrettable that the Member States in the rest of the euro area are less ambitious in modpoints to the negative social consequences including pernsising their economies, which is one of the reasons for the low growth prospects in the medium and long termtently high unemployment, increase of the number of people in poverty, budget cuts in health and social sector, growing inequalities, in the Members States under assistance programmes;
2014/09/09
Committee: ECON
Amendment 287 #

2014/2059(INI)

Motion for a resolution
Paragraph 27
27. Believes that the biggest limitation on the EU economy is the low level of private investment; stresses the need of fundamental reform of bankruptcy and insolvency procedures in order to deal with the debt overhang in the euro-area periphery;
2014/09/09
Committee: ECON
Amendment 11 #

2014/0807(CNS)

Draft regulation
Recital 6 a (new)
(6a) Article 1 of Regulation (EU) No 1024/2013 stresses that the ECB shall act with full regard and duty of care for the unity and integrity of the internal market based on equal treatment of credit institutions with a view to preventing regulatory arbitrage or comparative advantage that promotes unfair competition and that no action, proposal or policy of the ECB shall, directly or indirectly, discriminate against any Member State or group of Members States as a venue for the provision of banking or financial services in any currency.
2014/10/21
Committee: ECON
Amendment 9 #

2014/0197(COD)

Proposal for a regulation
Recital 5
(5) Since the launch of the Stabilisation and Association Process, Stabilisation and Association Agreements have been concluded with all concerned Western Balkan countriepartners, with the exception of Bosnia and Herzegovina and Kosovo. In June 2013, the Council authorised the Commission to start negotiations for a Stabilisation and Association Agreement with Kosovo.
2015/02/26
Committee: INTA
Amendment 182 #

2014/0020(COD)

Proposal for a regulation
Recital 31
(31) Separation has a significant impact on banking groups’ legal, organisational and operational structure. To insure an effective and efficient application of separation and to prevent separation of groups along geographic lines, separation decisions should be taken at group leveljointly by the consolidating supervisor, having consulte and the competent authorities of a banking group’s significant subsidiaries as appropriate.
2015/02/04
Committee: ECON
Amendment 776 #

2014/0020(COD)

Proposal for a regulation
Article 26 – paragraph 4 – subparagraph 1
For the purposes of this Regulation, the consolidating supervisor shall be deemed to be the competent authority with regard to all group entities that belong to the same group as the EU parent and that are subject to this Regulation. The consolidating supervisor and the competent authorities responsible for the supervision on an individual basis of subsidiaries in a Member State shall do everything within their power to reach a joint decision on the application of Articles 9, 10 and 18. The joint decision referred to in sub- paragraph 1 shall be reached within four months after submission by the consolidating supervisor of a report containing the assessment conducted in accordance with Article 9 to the competent authorities responsible for the supervision on an individual basis of the subsidiaries. The joint decision shall be set out in a document containing full reasons, which shall be provided to the EU parent institution by the consolidating supervisor. The joint decision shall duly consider the assessment of subsidiaries performed by their respective competent authorities in accordance with Articles 9 and 10. The joint decision procedure set out in Article 113, paragraphs 3 and 4 of Directive 2013/36/EU [CRD IV] shall apply. A decision or joint decision on the application of Article 9, 10 or 18 shall not have disproportionate impact on any Member State.
2015/02/03
Committee: ECON