17 Amendments of Fabio DE MASI related to 2017/2114(INI)
Amendment 28 #
Motion for a resolution
Recital B
Recital B
B. whereas the euro area and EU28 unemployment rates were 9.3 % and 7.8 % respectively in April 2017, their lowest rates since March 2009 and December 2008; whereas significant differences in unemployment rates remain across the EU ranging between 3.2 % and 23.2 %, due to the increasingly divergent path between economies within the Euro and Eurozone;
Amendment 36 #
Motion for a resolution
Recital C
Recital C
C. whereas the EU’'s excessively low productivity and global competitiveness calls for structural reforms,calls for continued fiscal efforts and investment in Member States in order to bring about sustained growth and employment and achieve upward convergence with other global economies and within the EU;
Amendment 80 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is the result of the heterogeneous performance of the Member States’' economies; emphasises that the implementation of structural reforms in the Member States could facilitate at least 1 % higher growth due to macroeconomic imbalances brought about by a deeply flawed economic integration and the asymmetric shock of the financial crisis;
Amendment 100 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Considers that for this to materialise the structural conditions for growth need to be improved; takes the view that the potential growth of all Member States should increase in the long term to at least 3 %; for this to happen, establishing clear benchmarks on how to improve the potential growth of Member States could provide the necessary guidance for policy actions; points out that such a regular benchmarking exercise would have to take due account of individual structural demand-boosting policies in surplus countries, peripheral economies' debt restructuring and redistributive investrmengths and weaknesses of Member Statest funding;
Amendment 128 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Considers that the uneven growth and employment situation in the euro area requires better coordination of structural reforms, in particular through improved implementation of the country-specific recommendations (CSR)increasing member-state autonomy in the design of structural reforms; stresses the voluntary nature of the implementation of the country-specific recommendations (CSR) and deplores any attempt to limit the access to any European instrument on the basis of compliance with the CSR's;
Amendment 160 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Takes the view that reforms to improve the business climate are needed to boost productivity and employment in the euro area; underlines in this context the importance of supply-side reformsdemand-side policies and investment in public services and infrastructure;
Amendment 182 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Shares the Commission’'s view on the need for changes in labour market legislation that provide flexibility and security for both employees and employers, thereby increasing employment andwith rights, ensuring sustainable growth and preventing wage dumping;
Amendment 188 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Stresses the importance of wage developments in line withDeplores that, in many peripheral economies, wages have been evolving below productivity;
Amendment 201 #
Amendment 243 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Considers that reforms removing investment bottlenecksexpenditure from public deficit accounting for the purposes of the GSP would allow for immediate support for economic activity and at the same time set the conditions for long-term growth;
Amendment 274 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Considers that prudgrowth-oriented fiscal policies play a fundamental role for the stability of the euro area and the Union as a whole; underlines that strong coordination of fiscal policies and compliance with the Union rules in this area are a legal requirement and key to the proper functioning of Economic and Monetary Union (EMU);
Amendment 293 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Welcomes the fact that deficits in the euro area are projected to decline; is concerned, however, that this processfrontloading this process has been a self-defeating choice and is slowing down and athe economy; Agrees that government debt remains too high in some Member States and calls on the Commission to put forward a proposal for multilateral debt restructuring;
Amendment 307 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Warns that low interest rate payments, accommodative monetary policies, one-off measures and other factors alleviating the current debt burden are only temporary and that sound fiscal policies mustonly sustainable growth can be self-sustaining and take into account future liabilities;
Amendment 321 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Underlines that the fiscal stances at national and euro-area level must balance the long-term sustainability of public finances in full compliance with the Stability and Growth Pact with short-term macroeconomic stabilisation;
Amendment 370 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Takes note of the Commission’'s recommendation to close the Excessive Deficit Procedures for several Member States; welcomes past and ongoing fiscal and reform efforts, yet insists that these efforts will need to continue to ensure the durability of the corand notes the need to focus on growth and job crecation of the excessive deficit;
Amendment 381 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Highlights that the macroeconomic imbalance procedure is aimed at preventing imbalances within and between Member States with a view to avoiding negative spill-over effects to other Member States; Considers that excessive current account surpluses are just as harmful to the Eurozone as unsustainable public debts; Notes that persistent current account surpluses signal a beggar-thy-neighbour dynamic which has detrimental effects both to specific member-states and the Eurozone as a hole; reminds that external imbalances are a symptom of unresolved deficiencies in the Eurozone design, which must be urgently tackled;
Amendment 391 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Considers it of great importance therefore that all Member States take the necessary policy action to address imbalances, in particular high levels of indebtedness, and commit to structural reformsgrowth and job-creation policies, ensuring the economic sustainability of each individual Member State, thereby ensuring the overall competitiveness and resilience of the European economy;