21 Amendments of Fabio DE MASI related to 2015/2210(INI)
Amendment 39 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. WelcomeDoubts the fact that economic recovery is slowly gaining ground, withdespite forecasts predicting GDP in the euro area expected to rise by 2.1% in 2016; notes with concern, however, that even in Member States experiencing export let growth, its foundations are fragile, mainly owing to the EU's underlying structural weaknesses and resulting low international competitivenespolicies suppressing domestic demand and increasing economic problems in China and other countries;
Amendment 52 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the Commission's focusattention in the 2015 Country-Specific Recommendations (CSRs) on the four main priorities for economic growth: boosting investment, implementation of structural reforms in product, service and labour markets, fiscal responsibility and improving employment policy; stresses the importance of these growth drivers, also in the context of achieving the goals set out in the Europe 2020 strategyboosting investment; stresses the importance public investment for growth, also in the context of achieving the goals set out in the Europe 2020 strategy; regrets that no public investment program is forthcoming in the Union or individual Member States;
Amendment 56 #
Motion for a resolution
Paragraph 3
Paragraph 3
Amendment 67 #
Motion for a resolution
Paragraph 4
Paragraph 4
Amendment 93 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that many Member States, in particular in the eurozone, are faced with similar macroeconomic challenges, including most importantly high debts and low investexternal and public debts, high unemployment and low investment; deplores the insistence of the Eurogroup on austerity policies harming both investment and employment;
Amendment 100 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Deplores the persistently high unemployment rates across most Member States, in particular the youth and long- term unemployment rates; stresses the need to reform national labour markets in order toduce precariousness and raise internal demand; stresses the need for public investment programs to restart growth and increase job creation rates;
Amendment 115 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. WelcomStresses the entry into force of the regulation onneed for public investment programs in the Union or individual Member States; regrets that the European Fund for Strategic Investment (EFSI), is aimed at boosting private investment in the EU, and calls on all relevant stakeholders to ensure its swift and effective implementationthe interests of private investors in the EU;
Amendment 124 #
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 144 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Is concerned at the persisting macroeconomic imbalances in some Member States, in particular the high public debt levels, high unemployment levels and large current accounts gaps, as well as the excessive risks in the banking systems, which stem from structural deficiencies in the Eurozone's institutional design and policies; stresses the need to asymmetrically close current account gaps by increasing domestic demand in surplus countries; regrets that so far the burden of adjustment has been placed on deficit countries, deepening the recession and increasing unemployment and public deficits;
Amendment 152 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Stresses the importance offact that current lack of investment is due to suppressed demand; notes that access to finance for enterprises, in particular for small and medium-sized enterprises (SMEs), which constitute the backbone of the EU economy; points out the failure of currently low interest rates to boost investment is available in most Member States;
Amendment 162 #
Motion for a resolution
Paragraph 11
Paragraph 11
Amendment 177 #
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 190 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Stresses the need for Member States to adaopt their public finances by conducting a counter-cyclical policy when necessary and making full use of the existing flexibility clauses foreseen in the legislationgrowth enhancing policies and to raise employment and growth rates through public investments programs; Urges the Commission to support public investment policies in order to give traction to economic recovery based on a combination of fiscal and monetary policy; considers that Member States with high debt levels in particular must continue with growth-friendly fiscal consolidcan only achieve fiscal conditions through economic and job creation and should urgently implement the recommended structural reformpolicies that ensure job protection and stability and higher wages, while those with more fiscal space should use it to accelerate investment;
Amendment 203 #
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 212 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Stresses the need to adopt policies that enhance growth and employment and considers that fiscal consolidation is a secondary objection; stresses that for Members States suffering from excessive debt burdens, public debt needs to be restructured through extending maturities, lowering interest rates and haircuts;
Amendment 218 #
Motion for a resolution
Paragraph 15
Paragraph 15
Amendment 234 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Stresses the role of strong unions and labour protection laws in safeguarding employment and enhancing wage growth; calls for a shift away from consumption taxes to wealth taxes;
Amendment 241 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 257 #
Motion for a resolution
Paragraph 17
Paragraph 17
Amendment 271 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Underlines the destructive impact of high debprivate debt and unemployment levels on economic growth in the EU; recalls that these stem structural flaws of the Eurozone and the resulting current account gaps; calls on the Commission to explore innovative ways of speeding up and lessening the negative impactdisastrous economic and social consequences of deleveraging in the banking, and private and public sectorssectors and enhance public investment;
Amendment 282 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Reiterates its cCalls for the strengthening of the position of the Commission's Chief Economic Analyst's (CEA), whose mandate is to verify independently the implementation of the EU governance rules within the European Semester; calls, in particular, for the CEA's analysis to be made public and for the establishment of a regular dialogue between the competent committee of Parliament and the CEA; notes also in this context that the Five Presidents' Report on completing EMU proposes the setting-up of a European Fiscal Board (EFB) analysis to be made public and for the establishment of a regular dialogue between the competent committee of Parliament and the CEA;