9 Amendments of Fabio Massimo CASTALDO related to 2019/0161(COD)
Amendment 37 #
Proposal for a regulation
Recital 2
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 targeted, socially sustainable structural reforms and investment that reflect the specific situation of their economies. 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. To ensure that Member States carry out socially sustainable 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 Commission should carry out ex ante and ex post assessments in order to analyse the impact of the reforms promoted with regard to employment, social rights, investment and growth, and economic, social and environmental sustainability, in addition to the feasibility of the reforms. 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.
Amendment 73 #
Proposal for a regulation
Recital 6
Recital 6
(6) The Member States whose currency is the euro can decide to submit proposals for reform and investment packages under the budgetary instrument for convergence and competitiveness. To that end, the Council will adopt a Recommendation providing country-specific guidance on the objectives of reforms and investment that can be supported under the budgetary instrument for convergence and competitiveness in Member States whose currency is the euro. This Council Recommendation should be consistent with the strategic orientations adopted under this Regulation, and with the country-specific recommendations that are adopted, in parallel, under the European Semester of economic policy coordination further to discussions, where appropriate, within the relevant Treaty-based committees. The Council Recommendation shall also duly take into account any macroeconomic adjustment programme approved in accordance with the relevant provisions of Regulation (EU) No 472/2013 of the European Parliament and of the Council9. _________________ 9 Regulation (EU) No 472/2013 of the European Parliament and of the Council of 21 May 2013 on the strengthening of economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulties with respect to their financial stability (OJ L 140, 27.5.2013, p. 1).
Amendment 80 #
Proposal for a regulation
Recital 7
Recital 7
(7) The Council Recommendation providing country-specific guidance on the objectives of reforms and investment in Member States whose currency is the euro, adopted by qualified majority, should be based on a Commission recommendation. This process shouldmust be without prejudice to the voluntary nature of participation of Member States whose currency is the euro in the budgetary instrument for convergence and competitiveness, and without prejudice to the Commission’s prerogatives as regards its implementation.
Amendment 85 #
Proposal for a regulation
Recital 9
Recital 9
(9) On the basis of an assessment by the Commission, the Council, shall establish which Member States are experiencing a severe economic downturn for the purpose of a modulation of national co-financing rates provided for in Regulation (EU) XXXX/XX [Reform Support Programme Regulation], and without prejudice to the application of Article 2(2) of Council Regulation (EC) 1467/97 as amended. Such co-financing may be as high as 95% where the Member State is going through a severe downturn.
Amendment 114 #
Proposal for a regulation
Article 3 – paragraph 1 – introductory part
Article 3 – paragraph 1 – introductory part
This Regulation shall contribute to the convergence anupward ecompetitivenessnomic convergence of the economies of the Member States whose currency is the euro by defining a governance framework relevant for the budgetary instrument for upward convergence and competitiveness, which sets out:by achieving the following objectives: economic, social and territorial cohesion, the fight against tax avoidance and evasion and financial crime, the fight against fraud and corruption, full employment and the creation of quality jobs, the fight against inequality, poverty and social exclusion.
Amendment 121 #
Proposal for a regulation
Article 3 – paragraph 1 – point a
Article 3 – paragraph 1 – point a
Amendment 122 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
Amendment 145 #
Proposal for a regulation
Article 4 – paragraph 2 a (new)
Article 4 – paragraph 2 a (new)
2a. The Commission shall initiate ex ante and ex post assessments in order to analyse the impact of the reforms promoted with regard to employment, social rights, investment and growth, and economic, social and environmental sustainability.
Amendment 163 #
Proposal for a regulation
Article 6 – paragraph 1 a (new)
Article 6 – paragraph 1 a (new)