Activities of Beatrix von STORCH related to 2015/2285(INI)
Plenary speeches (1)
European Semester for economic policy coordination: Annual Growth Survey 2016 (A8-0030/2016 - Maria João Rodrigues) DE
Shadow reports (1)
REPORT on the European Semester for economic policy coordination: Annual Growth Survey 2016 PDF (395 KB) DOC (172 KB)
Amendments (47)
Amendment 5 #
Motion for a resolution
Citation 15
Citation 15
Amendment 10 #
Motion for a resolution
Citation 24
Citation 24
Amendment 21 #
Motion for a resolution
Recital A
Recital A
A. whereas economic recovery in the European Union is under way but weak, and remains uneven between and within Member States and is partly driven by temporary factors;
Amendment 25 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas growth rates of the euro area are significantly lower than in many other comparable economies, for example the United States, the United Kingdom, or most Member States whose currency is not the Euro.
Amendment 28 #
Motion for a resolution
Recital B
Recital B
B. whereas global economic growth is slowing down and new strategic challenges are arisingbut on average, even in most developed economies, still higher than growth in the European Union or euro area;
Amendment 35 #
Motion for a resolution
Recital C
Recital C
C. whereas the euro area’s current account surplus continues to rise, while the European Union still faces an important investment gap mainly because of a lack of meaningful institutional and structural reform;
Amendment 41 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas the investment gap especially in the euro area can be partially attributed to a lack of foreign direct investment, thereby reflecting the relative competitive disadvantages of the Economic and Monetary Union;
Amendment 49 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
Da. whereas the lack of meaningful structural reform and budgetary discipline in the Member States has pressured the European Central Bank to pursue an accommodating monetary policy which is endangering monetary stability;
Amendment 55 #
Motion for a resolution
Recital D b (new)
Recital D b (new)
Db. whereas the euro area still lacks a procedure that provides for an orderly exit of its members, which has intensified centrifugal forces within the Economic and Monetary Union;
Amendment 63 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. WelcomesTakes note of the 2016 Annual Growth Survey package and the proposed policy mix of investment, structural reform and fiscal responsibility, with increased emphasis on domestic demand and convergence, complementing; notes the lack of structural reform, which is made up for by accommodative monetary policies;
Amendment 78 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes improvements in public finances, in particular gradually declining debt/GDP ratios; recalls that GDP does not represent economic reality when the depreciation of capital goods is not fully recognised;
Amendment 82 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes improvements in public finances, in particular gradually declining debt/GDP ratios in some countries; is concerned about rising debt/GDP ratios in others;
Amendment 89 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes that the European Union’s global competitiveness remains an important objective, while the worsening global outlook calls for strengthening domestic sources of growth, e.g. by meaningful structural reform, and better, as well as less, regulation;
Amendment 100 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Calls for further efforts to support recovery, foster convergence and correct macroeconomic imbalances, including by channelling excess savings towardspromoting more saving in the domestic economy and boosting private investment;
Amendment 113 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Is encouraged byTakes note of some mild improvements in labour market indicators; calls for more effort to reduce poverty, social exclusion and growing inequalitieis concerned by high youth unemployment in economies with rigid labour markets;
Amendment 125 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. WelcomesTakes note of the renewal of the Europe 2020 Integrated Guidelines, and calls for strengthening the role of the Europe 2020 Strategy in guiding the European Semester;
Amendment 133 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Calls for the European Fund for Strategic Investments to be used to maximum effect to support higher-risk projects not financed otherwise, and to promote growth, job creation and cohesion;
Amendment 135 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Calls for the European Fund for Strategic Investments to be used to maximum effect to support higher-risk projects not financed otherwise, and to promote growth, job creation and cohesion within the limits of its mandate;
Amendment 146 #
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 157 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Is aware of the ongoing deleveraging process in the private sector; points to the importance of completing the banking union and boosting private equity investments in SMEs;
Amendment 179 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. HighlightsTakes note of the importance of investments in human capital and other social investments;
Amendment 187 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Highlights the importance of investments in human capital and other social investments;
Amendment 197 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Considers that, after a long period of nominal adjustment, focus should be put on structural reforms and investments aimed at strengthening growth potential, promoting fair and sustainable welfare systems and reducing social inequalities;
Amendment 221 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Calls for product and service market reforms and better regulation, promoting innovation and quality-based competition;
Amendment 224 #
Motion for a resolution
Paragraph 13
Paragraph 13
Amendment 232 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Urges that further steps be taken towards resilient labour markets withby reduced segmentation and sustainable welfare systems with ining regulation and burdens creasted focus on social investmentby excessive welfare systems;
Amendment 255 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for a greater shift of taxation away from labourless taxes on both labour and capital;
Amendment 268 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Takes note of the proposal for a Structural Reform Support Programme, to be discussed under the ordinary legislative procedure;
Amendment 276 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Reiterates the need for responsible fiscal policies, taking into account debt sustainability, the economic cycle and investment gaps;
Amendment 286 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Emphasises that member states with debt levels in excess of 60% of GDP do not have fiscal space for stimulating their economies; Warns that, given the current size of government debts, debt sustainability will become even more pressing an issue when interest rates in the Euro area come back to normal levels;
Amendment 291 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Insists on implementation of the Stability and Growth Pact, while making use of available fiscal space, inter alia, to deal with security threats and refugee inflows and establishing a procedure to exit the euro area to be used in the event of non-compliance; considers creating a European mechanism for sovereign defaults inside and outside of the euro area;
Amendment 305 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Emphasises the need for improved tax collection, fighting tax evasion and avoidance and improved tax policy coordinampetition;
Amendment 324 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Supports all efforts towards improving the quality and growth-friendly character ofcutting public expenditure;
Amendment 331 #
Motion for a resolution
Paragraph 22
Paragraph 22
Amendment 345 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Emphasises that, given its high level ofTakes note that, despite its interdependence and the singleness of its monetary policy, the euro area needs to be viewed as one macroeconomic entity where convergence must be promoted; calls therefore for an in-depth aggregate assessment of macroeconomic imbalances in the euro area to complement the assessment of country-specific vulnerabilities; insists on full coherence between the euro area recommendation and country-specific recommendationsis not viewed as one macroeconomic entity;
Amendment 360 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Welcomes increased attention to the euro area’s aggregate fiscal stance; calls for greater discussion on whether it can be considered broadly neutral given the large investment gap;
Amendment 375 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. SupportsTakes note of the recommendation to differentiate fiscal effort by individual Member States taking into account their respective positions vis-à-vis Stability and Growth Pact requirements and stabilisation needs, as well as spillover effects; notes that high-surplus countries have significant fiscal space which they could use; recommends that high-surplus countries should reduce debt and taxes to the benefit of their populations and the monetary union as a whole;
Amendment 389 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Agrees that while the euro area’s high current account surplus is a welcome sign of thecertain euro area member’s external competitiveness, it also implies a lack of internal investment and a risk ofneed for euro appreciation; when monetary policy starts to become less accommodative, witharns that a continuing accommodative monetary policy has adverse effects on growth and employmentmonetary stability;
Amendment 398 #
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26a. Emphasises that disparities in current accounts among Member States reflect their heterogeneity in productivity and competiveness and that this provides a permanent challenge for the monetary union; emphasizes that a significant and persistent current account surplus of a member state may be due to unsatisfactory competitiveness and lack of structural reforms in other member states, emphasizes that the absence of exchange rate flexibility aggravates the problem of current account disequilibria in the euro zone;
Amendment 402 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Emphasises the need to foster real economic and social convergence driven by improvements in productivity and non- cost factors; underlines the importance of all Member States having sufficient investment capacity, enabling balanced and sustainable growth;
Amendment 413 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Recognises the benefits of symmetrical adjustment, where regaining cost competitiveness does not require undergoing deflation which is detrimental to debt sustainabilityregaining cost competitiveness;
Amendment 420 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Calls for measures preventing a race to the bottomore competition in terms of taxation and social standards, building on better use of social indicators in macroeconomic surveillance;
Amendment 438 #
Motion for a resolution
Paragraph 30
Paragraph 30
30. Believes that better implementation of country-specific recommendations requires clearly articulated priorities at European level and genuine public debate at national level, leading to greater relevance and ownershippolitical willingness at national level;
Amendment 448 #
Motion for a resolution
Paragraph 31
Paragraph 31
31. Calls for striking the right balance between making country-specific recommendations focused on key priorities and ensuring that they address all key challenges from the perspective of Europe 2020 targets;
Amendment 451 #
Motion for a resolution
Paragraph 32
Paragraph 32
Amendment 467 #
Motion for a resolution
Paragraph 35
Paragraph 35
Amendment 474 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. UrDiscourages the Commission to launch negotiations on an interinstitutional agreement on economic governance, as suggested in the Five Presidents’ Report;