Activities of Maria João RODRIGUES related to 2014/2145(INI)
Plenary speeches (1)
Review of the economic governance framework: stocktaking and challenges (debate)
Amendments (15)
Amendment 14 #
Motion for a resolution
Citation 17 a (new)
Citation 17 a (new)
- having regard to the Commission's Winter 2015 European Economic Forecast of 5 February 2015,
Amendment 19 #
Draft opinion
Paragraph 1
Paragraph 1
1. Is pleased withCalls on the Commission to put forward a review of the European economic governance framework, which, by coordinating Member States’ policies more closely in order to prevent major imbalances, fostcan delivers smart, sustainable and inclusive growth in line with the targets set by the Europe 2020 strategyby enhancing, at the same time, the democratic legitimacy and scrutiny of the system as a whole, including a revision of the Europe 2020 employment and social targets and the European Semester;
Amendment 40 #
Draft opinion
Paragraph 2
Paragraph 2
2. Welcomes the Commission’s initiative to conduct an initial review of the framework’s effectiveness with a view to assessing the effective and uniform application of governance rules by the Member States and by the Commission; also suggestconsiders that thesuch a review presents anthe opportunity for an exchange of v deep and inclusive re-evaluation of the overall prioritiews on the ways in which the framework could be deepenedand the adequacy of the economic governance instruments, with the aim of achieving a genuine fiscal union to properly run the single currency;
Amendment 44 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Highlights the need to develop European automatic stabilising mechanisms to address asymmetric economic shocks, such as an EMU-wide unemployment benefit scheme, as a means to maintain social cohesion, support internal demand and strengthen the sustainability of the single currency; reiterates its call on the Commission to produce a Green Paper on automatic stabilisers in the Eurozone;
Amendment 59 #
Draft opinion
Paragraph 3
Paragraph 3
3. Calls for the European Semester to be strengthened and deepened as an effective way of preventing a crisis; with this in mind, welcomes the Commission’s proposal to focus its action not only on budget responsibility but also on investment, including social investment, high quality job creation and structural reform in order to link the market economy with social progress;
Amendment 118 #
Draft opinion
Paragraph 9
Paragraph 9
9. So as to address the urgent situation with regard to youth unemployment, encourages Member States to use the available resoUrges the Member States to use at the fullest all available financial resources in the Youth Employment Initiative in an effective and focused way, so as to adequately address the urgent situation with regard to youth unemployment; with a view to this, considers it essential that Member States’ co- financing contributions to youth employment measurces in an effective and focused way via the introduction of the youth employment initiative, and recommends tha, such as the Youth Guarantee, are excluded from the calculation of national deficits; calls on the Commission to put forward proposals to further support cross-border mobility, also bey supported via the development oftrengthening the EURES portal as an important vector for youth employment;
Amendment 133 #
Draft opinion
Paragraph 10
Paragraph 10
10. With a view to stepping up democratic scrutiny, recommends that the European Parliament, national parliaments and management and laboursocial partners be more closely involved in economic dialogue between the Member States and the Commission.
Amendment 203 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Takes note of the debate launched on the 'neutrality' of the euro area's aggregate fiscal stance in a context when national economies cannot unilaterally adjust through the exchange rate, when the ECB is running out of conventional monetary policy instruments due to the zero lower bound, when much of the private sector is liquidity-constrained due to deleveraging, when some Member States have considerable fiscal room for manoeuvre and when the leverage and multiplier effects from public expenditure are recognised as favourable factors for stronger investment;
Amendment 232 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Considers that the asymmetric approach to current account surpluses and deficits taken in Regulation (EU) No 1176/2011 and applied in the Macroeconomic Imbalances Procedure should be corrected in light of actual experience, while countries with current account deficits have undertaken significant adjustment over the past years, when countries with large current account surpluses have not done enough to strengthen their domestic demand and growth potential, resulting in a larger- than-forecast current account surplus for the Euro area as a whole, deflationary pressure, low growth and persistently high unemployment;
Amendment 233 #
Motion for a resolution
Paragraph 3 c (new)
Paragraph 3 c (new)
3c. Is concerned that convergence during the crisis years on reduced national budgetary deficits and improved current account positions has been accompanied by unprecedented divergence on many real economic indicators, including growth, unemployment, household income; highlights persistent divergence in nominal labour costs within the Euro area, which is due to long-standing wage moderation in some countries with high current account surpluses as well as to pre-crisis labour cost increases driven by massive capital inflows in a number of other Member States; highlights that such divergences weaken the Economic and Monetary Union and reduce the benefits of single monetary policy;
Amendment 516 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Asks the Commission to make the three-pillar strategy (investment, fiscal rules and structural reforms), presented in the AGS 2015, more concrete under the euro area recommendation and in the CSRs and to strengthen its approach by building a fourth pillar onfocusing on aggregate demand, inequalities and taxation;
Amendment 688 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. Requests that a reassessment of the Eurogroup’s decision-making process be conducted so as to provide for appropriate democratic accountability and output legitimacy; believes that in the long termforeseeable future the Commissioner for Economic Affairs should assume the role of President of the Eurogroup;
Amendment 702 #
Motion for a resolution
Paragraph 34
Paragraph 34
34. Recalls that a ‘genuine Economic and Monetary Union’ (EMU) cannot simply be limited to a system of rules but also requires an increased euro area fiscal capacity with European parliamentary control and a deep economic policy coordination; believes that, as much as at national level, structural reforms are needed at the EU level;
Amendment 717 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. Recalls that the banking union was the result of the political will to avoid a financial crisis and that the same will is needed as regards a fiscal union in order to avoid a political crisisenable balanced economic growth, make the EMU more resilient and avoid a political crisis; highlights the short- sightedness of continuing to rely merely on private risk-sharing as a way to ensure stability and prosperity in monetary union;
Amendment 725 #
Motion for a resolution
Paragraph 36
Paragraph 36
36. Asks the Commission to come forward with an ambitious roadmap which takes into account the need for economic governance reforms and completion of the EMU, as outlined in this report, and which should be presented to Parliament by the end of May 2015, ahead of the June European Council;