35 Amendments of Matt CARTHY related to 2016/2101(INI)
Amendment 1 #
Motion for a resolution
Citation 3
Citation 3
Amendment 2 #
Motion for a resolution
Citation 13
Citation 13
Amendment 3 #
Motion for a resolution
Citation 17 a (new)
Citation 17 a (new)
- having regard to the protocol 26 of the Treaties,
Amendment 4 #
Motion for a resolution
Citation 17 b (new)
Citation 17 b (new)
- having regard to the FMI report "Fiscal Monitor. Taxing times" of October 2013
Amendment 5 #
Motion for a resolution
Recital A
Recital A
A. whereas the Commission’s spring 2016 forecast indicates growth rates of 1.6 % for the eurozone and 1.8 % for the EU in 2016. whereas this growth rate is unequally distributed, with rising inequality both across and within Member States;
Amendment 9 #
Motion for a resolution
Recital B
Recital B
B. whereas Europe still flaceks a huge investment deficit, even though the current account surplus in the eurozone continues to rise, theoretically creating more favourable conditions for public and private investment due to the exceptionally low interest rates on government borrowingfrom public investment, capable of steering away the economy from market-driven dynamics to a more robust model for economic growth, capable of ensuring social and regional cohesion in the EU;
Amendment 12 #
Motion for a resolution
Recital B
Recital B
B. whereas Europe still faces a huge investment deficit, even though the current account surplus in the eurozone continues to rise, theoretically creating more favourable conditionswhich indicates the need for pubolic and private investment due to the exceptionally low interest rates on government borrowingies geared toward internal demand and public investment;
Amendment 18 #
Motion for a resolution
Recital C
Recital C
C. whereas unemployment in the EU remains one of the main challenges that Member States are facing as ithere are currently stands at a very over 21,1 million unemployed (of whigch rate (10.5 million long-term unemployed in the EU), even if the numbers have improved slightly compared with previous year); whereas official figures underestimate real unemployment, registering workers as underemployed or inactive or otherwise failing to register them accurately due to national statistical practices;
Amendment 26 #
Motion for a resolution
Recital Ca (new)
Recital Ca (new)
Ca. whereas unemployment rates remain significantly higher in the Eurozone and the European periphery, which have suffered most from neoliberal policies; whereas these divergences are in fact much higher, but are disguised due to forced migration flows of the workforce in the periphery;
Amendment 32 #
Motion for a resolution
Recital D
Recital D
D. whereas depressed wage dynamics, slow economic growth and falling oil prices at the start of 2016 appear to be the key reasonre dragging down the inflation rate to below zero levels;
Amendment 37 #
Motion for a resolution
Recital E
Recital E
Amendment 52 #
Motion for a resolution
Recital Fa (new)
Recital Fa (new)
Fa. whereas putting an end to tax evasion and tax fraud of corporations and wealthy individuals would suffice to close the remaining public deficit; whereas public spending is not constrained but available resources, but by the political constraints imposed by the EU and particularly, its governance structure and the euro;
Amendment 55 #
Motion for a resolution
Recital Fb (new)
Recital Fb (new)
Fb. whereas Ireland has shown a 26% growth rate for 2015. Whereas this data demonstrates the way how a model of growth could be based in protect transnational capital interest and foster capital mobility with no impact on the real economy. Whereas Ireland has been a model country for the European Commission;
Amendment 56 #
Motion for a resolution
Recital Fc (new)
Recital Fc (new)
Fc. whereas the Juncker Plan has failed to increase investment and has only served as another avenue for financial speculation, as many critics had noted before its implementation; whereas the funds diverted have had serious consequences for public spending through the EU budget, in programs such as Horizon 2020 and Connecting Europe Facility;
Amendment 63 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses that the challenges in the EU are linked to the deteriorating international environment and the divergences in the economic and social performance achieved in different parts of the Unioninadequacy of the neoliberal economic model, which depresses economic growth and increases divergences in the economic and social performance in different Member States of the Union by reducing public spending and wages, while fostering market-driven economic policies regardless of its economic and social effects;
Amendment 78 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. WelcomeRejects the Commission’s focus in its 2016 country-specific recommendations (CSRs) on the three main priorities to further strengthen economic growth: supporting investment, pursuing structural reforms and preserving responsible public finances, as they continue the failed stance of current policies;
Amendment 92 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. WelcomNotes the Commission’'s continuing approach to limit the number of recommendations and its effort to mainstream the semester by covering mainly key priority areas of macroeconomic and social relevance, when setting the policy objectives for the next 18 months; reiteratdeplores that this facilitatenhances the implemnterventation of recommendations according to a comprehensive and meaningful range of social benchmarksthe Commission over the democratic will of its elected, national authorities; underlines that, notwithstanding the introduction of alleged "social" indicators and benchmarks, the overall aims of the recommendations have single-mindedly pushed for the same neoliberal agenda, with dramatic effects on the social cohesion and the economic development of the Member States under supervision;
Amendment 103 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Fully supports the efforts made to ensure greater Highlights that ‘national ownership’ in the process of formulation and implementation of CSRs as an ongoing reform process; only refers to the ad hoc involvement of national authorities and civil society organisation in the deepening of the EU's neoliberal agenda, rather than a genuine expression of national sovereignty and democracy;
Amendment 115 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Stresses that Europe’'s long economic crisis has shown that there is a strong need to focus on public and private investment, in order to enhance the EU’s competitivenesmobilise investment and generate growth and jobs;
Amendment 136 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Underlines that the still-too-high unemployment rates show that the capacity to create jobs in most Member States is still limited; emphasises that further action is needed, in consultation with social partners and in accordance with national practices, to make labour markets more inclusive overallcalls for a radical shift in economic policies; stresses, as a first set of priorities, the need to increase public employment, reduce working-hours without a reduction in wages and strengthen social protection for the unemployed, including through minimum income schemes; emphasises that further action is needed, in consultation with social partners, to increase wages and protect workers’ rights;
Amendment 156 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Expresses disquiet aboutit concerns that the deeply ideologised monetary policy of the ECB has led to the current ‘liquidity trap’ theat EU economy seems to have fallen intois facing, with interest rates at the Zero Lower Bound (ZLB), weak demand prospects, and restricted investment and spending by households and companies, not least in surplus countrie; Stresses that an alternative monetary policy focused on purchases of sovereign debt of Member States in secondary markets, as well as debt mutualisation through instruments such as Eurobonds, would have avoided the contagion of the financial crisis to the sovereign debt markets;
Amendment 159 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Expresses disquiet about the current ‘'liquidity trap’' the EU economy seems to have fallenfell into, with interest rates at the Zero Lower Bound (ZLB), weak demand prospects, and restricted investment and spending by households and companies, not least in surplus countries;
Amendment 167 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Welcomes the Commission’'s recommendation for three Member States to exit the Excessive Deficit Procedure (EDP), but stresses the need to abolish the economic governance structure of the EU, as implemented by the SGP, the Two-Pack and the Six-pack; agrees with the Commission that large and consistent current account surpluses reflect a clear need to stimulate demand and investment in order to cope with the; challenges ofn the future regarding transport and communications, the digital economy, education and research, climate change, energy, environmental protection and the ageing population; calls on the Commission to continue to support budgetary policies that underpin growth and recovery in all Member States and support sustainable structural reformCommission to end its support for austerity budgetary policies and structural reforms in all Member States;
Amendment 175 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Welcomes the Commission’'s recommendation for three Member States to exit the Excessive Deficit Procedure (EDP); agrees with the Commission that large and consistent current account surpluses reflect a clear need to stimulate demand and investment in order to cope with the challenges of the future regarding transport and communications, the digital economy, education and research, climate change, energy, environmental protection and the ageing population; calls on the Commission to continue to support budgetary policies that underpin growth and recovery in all Member States and support sustainable structural reformsto act toward excessive surpluses with the same level of zeal that is dedicated to countries with high levels of public debt;
Amendment 195 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Notes that further measures are neededboosting aggregate demand is needed in order to reduce non- performing loans (NPL) in the euro area and to increase the ability of banks to lend to the real economy, notably to SMEs;
Amendment 205 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Underlines the fact that private investment has so far lagged and failed to lead to sustainable and inclusive growth in the EU and that under the current circumstances, monetary policy alone is unlikely to bring about recovery, even though the rules made necessary by banking union have imposed more stringent financial criteria on banks; considers that a coordinated fiscal expansion is also needed in the EU, therefore, in line with the rules of the Stability and Growth Pact and its flexibility clauseswill bring no recovery; considers that a coordinated fiscal expansion is also needed in the EU, in order to place emphasis on public and private investment;
Amendment 227 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Emphasises the need to improve the EU’s overall capacity to create and sustain quality jobs and thus to tackle high levels of unemployment, while considering that migration could play an important role in compensating for the negative effects of the ageing population; emphasises, however, that this alone cannot be the main response to address structural demographic, labour market or fiscal challenges but and in-work poverty, through a strengthening of collective bargaining and the protection of social and labour rights; emphasises that ithis should be complemented with efficient public expenditure, especially in high-quality social and environmentally sustainable investments and an expansion of the welfare state;
Amendment 244 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Highlights the importance of resilient labour markets where an appropriate trade-off is maintained between economic, social and human costs in accordance with the EU values of solidarity and subsidiarity, with a focus on the upgrading of educational systems and vocational educationith a focus on maintaining and improving social and workers’ rights, also in the design and implementation active employment policies;
Amendment 260 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Invites the Commission to give priority to measures that reduce the obstacles to greater investment flows, which arise at both an EU level from a lack of clarity regarding strategies that are to be followed, especially in the fields of energy, transport, communications and the digital economy, as well as from the effect on bank lending in the wake of the adoption of the banking union, and a national level from cumbersome legal systems, corruption, lack of transparency, outdated bureaucracy, inadequate digitalisation of public services, lack of mutual recognition of academic and technical qualifications in the professions and certain services sectors, and educational systems that remain out of synch with modern requiremensupport the improvement of public services, particularly in those countries most deeply affected by past budgetary cuts;
Amendment 262 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Invites the Commission to give priority to measures that reduce the obstacles to greater investment flows, which arise at both an EU level from a lack of clarity regarding strategies that are to be followedfrom privatization policies, especially in the fields of energy, transport, and communications and the digital economy, as well as from the effect on bank lending in the wake of the adoption of the banking union, and a national level from cumbersome legal systems, corruption, lack of transparency, outdated bureaucracy, inadequate digitalisation of public services, lack of mutual recognition of academic and technical qualifications in the professions and certain services sectors, and educational systems that remain out of synch with modern requirementsof insufficient aggregate demand;
Amendment 279 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Deeply deplores the fact that with regard toneoliberal approach of the Europe 2020 strategy, the biggest failure to be recorded concerns the goal of reducing the scale of poverty in the Union, aswhich explains the lack of progress in achieving its most significant goal, lifting 20 million Europeans out of poverty and social exclusion, since not only will the goal not be reached, but poverty will in fact have increasedincrease under the current policy framework;
Amendment 310 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Points out that efforts should be made to remove remaining barriers to investment in the Member States and allow for a more suitable policy mix, including a genuine focus on research and development spending; believes that public and private spending and support for research and higher education institutions are crucial factors and that the weakness or absence of this infrastructure places certain countries at a massive disadvantage; In this regard, urges the creation of co-financing exception clauses that allow room for budgetary manoeuvre, in order to provide liquidity for public investment purposes, the development in the fields of education, culture and health and social development as a whole, which will facilitate the creation of quality jobs, as well as the strengthening of the welfare state;
Amendment 319 #
Motion for a resolution
Paragraph 17a (new)
Paragraph 17a (new)
17a. Calls for the exclusion of public investment from the calculation of the deficit of the Member States in order to boost investment in the EU;
Amendment 322 #
Motion for a resolution
Paragraph 17b (new)
Paragraph 17b (new)
17b. Rejects the use of sanctions against Spain and Portugal by the European Commission as they will increase inequalities and prevent the recovery of their economy; underlines that any sanctions represents an undemocratic attempt to impose neoliberal measures; highlights the serious impact that the freeze of European funds will have on both economies, with negative cumulative effects over time; stresses that the proposed path of fiscal consolidation will further depress economic activity by reducing public spending and slowing down the de-leveraging of the private sector;
Amendment 326 #
Motion for a resolution
Paragraph 17c (new)
Paragraph 17c (new)
17c. Calls to the Commission and Member States to open a process of renegotiation of public debt in the most indebted countries, substantially reducing its level and the annual charges, and bringing it down to sustainable levels, thereby making the debt service compatible with economic and social development;