49 Amendments of Michał MARUSIK related to 2015/2344(INI)
Amendment 20 #
Motion for a resolution
Citation 12
Citation 12
Amendment 23 #
Motion for a resolution
Citation 15
Citation 15
Amendment 87 #
Motion for a resolution
Recital G
Recital G
Amendment 120 #
Motion for a resolution
Recital J
Recital J
Amendment 143 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls with regret that the Werner Report in 1970 highlighted the fact that a monetary union would require all the essential features of national public budgets to be decidcentrally planned at Community level;
Amendment 160 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. CRightly considers, against this background, that shortcomings have existed in the Economic and Monetary Union (EMU) since its inception under the Maastricht Treaty with the attribution of monetary policy to the European level, while budgetary policy remains within the competencies of the Member States and is only framed by provisions on light coordination of national policies;
Amendment 164 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Stresses that the introduction of the euro as a common currency has eliminated tried and tested policy options for counterbalancing asymmetric shocks such as exchange rate fluctuation; reiterates that the relinquishing of autonomy over monetary policy therefore requires alternative adjustment mechanisms to cope with asymmetric macroeconomic shocks in order to make the euro zone an optimal currency area able, inter alia, to implement a proper policy mix;
Amendment 188 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Considers that EMU exposed its vulnerability in the context of the global financial and economic crisis when unsustainable imbalances, triggered by capital flows from core euro area nations to the periphery and a rising public spending ratio in some Member States, aggravated and led to a sovereign debt crisis, in which government borrowing costs dramatically increased in some Member States, jeopardising, in the absence of a proper fiscal backstop, the mere existence of the euro area;
Amendment 201 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Points out that the crisis has proved that a common monetary policy without a common fiscal policy cannot address asymmetric shocks to the euro area; reiterates that mere coordination of national fiscal policies without credible enforcement mechanisms has not prevented an investment gap, has proved insufficient to trigger growth-enhancing, sustainable and socially balanced structural reforms and has not enhanced the national capacity to absorb economic shocks;
Amendment 213 #
Motion for a resolution
Paragraph 7
Paragraph 7
Amendment 227 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Acknowledges the poor results achieved since the crisis broke in terms of risk reduction and better coordination; points in particular to the many measures taken by the EU institutions to address the shortcomings revealed by the crisis by strengthening coordination of national fiscal policies, in particular via the adoption of the Six-Pack and the Two- Pack Regulations; welcomes further the fact that the EU institutions have set up frameworks for action in current and future crises, namely by creating the European Financial Stability Mechanism (EFSM), the temporary European Financial Stabilisation Facility (EFSF) and its permanent successor, the European Stability Mechanism (ESM); underlines, however, that these mechanisms dramatically lack democratic oversight and parliamentary control, and hence ownership;
Amendment 240 #
Motion for a resolution
Paragraph 9
Paragraph 9
Amendment 255 #
Motion for a resolution
Paragraph 11
Paragraph 11
Amendment 299 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Takes the view that incentives for sound fiscal policymaking and for addressing structural weaknesses at national level, taking into account the aggregate euro area fiscal stance, are core elements for the functioning of the euro area; considers that a fiscal capacity should, moreover, address specific concerns for the euro area in the case of absorbing shocks;
Amendment 312 #
Motion for a resolution
Paragraph 15
Paragraph 15
Amendment 327 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 347 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Considers that three different functions have to be fulfilled; argues, first, that in order to foster economic and social convergence within the euro area and to improve the economic competitiveness and resilience of the euro area, Member States’ structural reforms should be incentivised in good economic times; argues, secondly, that differences in the business cycles of euro area Member States stemming from structural differences create the need for an instrument to address asymmetric shocks; considers, thirdly, that symmetric shocks should be addressed so as to increase the resilience of the euro area as a whole;
Amendment 386 #
Motion for a resolution
Paragraph 19
Paragraph 19
Amendment 401 #
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 423 #
Motion for a resolution
Paragraph 21
Paragraph 21
Amendment 444 #
Motion for a resolution
Paragraph 22
Paragraph 22
Amendment 455 #
Motion for a resolution
Paragraph 23
Paragraph 23
Amendment 463 #
Motion for a resolution
Subheading 4
Subheading 4
Amendment 475 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Stresses that significant progress in convergence and sustainable structural reforms is needed in order to reconcile fiscal consolidation, growth, jobs, productivity, competitiveness and the European social model so as to effectively prevent asymmetric shock; considers that financial support from the European level for the implementation of agreed structural reforms in the Member States, while keeping the responsibility for implementation at the national level, is therefore indispensable and competitiveness;
Amendment 500 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Reiterates its call forConsiders unnecessary the adoption of a ‘convergence code’, as a legal act resulting from the ordinary legislative procedure, to streamfurther centralinse the existing coordination of economic policies into a more effective convergence of economic policies within the European Semester;
Amendment 508 #
Motion for a resolution
Paragraph 26 – introductory part
Paragraph 26 – introductory part
26. Suggests that the convergence code define criteria to be reached within five years, building on the merits of the Maastricht criteria and focusing for the first period on convergence requirements regarding:be abandoned;
Amendment 515 #
Motion for a resolution
Paragraph 26 – indent 1
Paragraph 26 – indent 1
Amendment 533 #
Motion for a resolution
Paragraph 26 – indent 2
Paragraph 26 – indent 2
Amendment 548 #
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 1
Paragraph 26 – indent 3 – paragraph 1
Amendment 561 #
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 2
Paragraph 26 – indent 3 – paragraph 2
Amendment 571 #
Motion for a resolution
Paragraph 27
Paragraph 27
Amendment 588 #
Motion for a resolution
Subheading 5
Subheading 5
Amendment 603 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Is convinced that increased convergence within the euro area will significantly increase the capacity of its Member States to absorb asymmetric shocks; believes, however, that no matter how great the efforts regarding convergence and sustainable structural reforms, asymmetric shocks with an impact on the stability of the euro area as a whole cannot be ruled out completely, given the strong integrbudget centralisation of the euro area Member States; stress; believes, therefore, theat there is no need to have an instrument available for this emergency which provides an immediate stabilisation effect;
Amendment 607 #
Motion for a resolution
Paragraph 29
Paragraph 29
Amendment 636 #
Motion for a resolution
Paragraph 30
Paragraph 30
30. Points outTakes the view that the Rainy Day Fund should not be funded by all the Member States on the basis of a cyclically sensitive economic indicator and used for payments to all Member States suffering from economic downturns;
Amendment 639 #
Motion for a resolution
Paragraph 31
Paragraph 31
Amendment 658 #
Motion for a resolution
Paragraph 32
Paragraph 32
Amendment 674 #
Motion for a resolution
Subheading 6
Subheading 6
Amendment 685 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. WarnNotes that future symmetric shocks could destabilise the euro area as a whole since the currency area is not endowed with the instruments to cope with another crisis of the extent of the previous one; is convinced that the right instrument to deal with symmetric shocks depends on the nature of the shock; recalls that the EMF should be used as an appropriate financial resource;
Amendment 697 #
Motion for a resolution
Paragraph 34
Paragraph 34
34. Considers that in the case of symmetric shocks brought about by a lack of internal demand, monetary policy alone cannot reignite the economy, particularly in a context of zero lower bounds; is therefore convinced that public and private investment must be increased, the administrative burden reduced and a proper regulatory framework developed, with a view to stimulating potential growth;
Amendment 715 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. Considers that symmetric shocks that are caused by a lack of supply must be diminished by improving the competitiveness of the euro area via appropriate financial incentives, including via the financing of professional training or financial incentives for R&D spendingelimination of national taxes and levies;
Amendment 720 #
Motion for a resolution
Paragraph 36
Paragraph 36
36. Considers that instability in the financial sector could also pose severe challenges for the euro area as a whole; urges completion of the Banking Union in order to lessen these challenges; calls for the fiscal capacity to operate as a fiscal backstop for the Banking Union, as agreed in the SRM;
Amendment 734 #
Motion for a resolution
Paragraph 37
Paragraph 37
Amendment 754 #
Motion for a resolution
Paragraph 38
Paragraph 38
38. Stresses that the Community method should not prevail in the development of economic governance for the euro area; urges that no reinforcement of intergovernmental structures should take place in parallel with existing structures;
Amendment 764 #
Motion for a resolution
Paragraph 39
Paragraph 39
39. Calls urgently for the European Parliament and national parliamentsnot to be given a strengthened role in the renewed economic governance framework in order to reinforce democratic accentrally countability; calls for increased national ownership in the European Semester in order to improve compliance with the CSRsrolled governance framework;
Amendment 773 #
Motion for a resolution
Paragraph 40
Paragraph 40
Amendment 789 #
Motion for a resolution
Paragraph 41
Paragraph 41
41. Considers that in order to provide for a genuine EMU, a euro area treasury should be created for collective decision- making, supervision and management of the budgetary capacity for the euro area; calls for the inclusion of this treasury within the European Commission with full macroeconomic, fiscal and financial competences; calls for a vice-president of the European Commission to head the treasury and simultaneously to act as president of the Eurogroup; urges full accountability of this treasury to the European Parliamentno new fiscal bodies or institutions should be created, and that it is sufficient to provide economic freedom and to eliminate the obligation to pay tax;
Amendment 806 #
Motion for a resolution
Paragraph 42
Paragraph 42
Amendment 814 #
Motion for a resolution
Paragraph 43
Paragraph 43
43. Acknowledges that the current political climate characterised by deep inequality, mistrust and uncertainty is not conducive to proper reforms to achieve and complete EMU; believes, therefore, that a comprehensive roadmap, including clear milestones within an agreed timetable and taking into account the political situation, should be urgently adopted with a clear commitment by euro area Heads of State and Government to achieving a genuine and complete EMU;