Activities of Hugues BAYET related to 2014/2221(INI)
Plenary speeches (1)
European Semester for economic policy coordination: Annual Growth Survey 2015 (A8-0037/2015 - Dariusz Rosati) FR
Amendments (17)
Amendment 6 #
Motion for a resolution
Recital A
Recital A
A. whereas the economic recovery in the EU slowed down considerably in the course of 2014 but has a prospect of catching up in 2015 and of doing even better in 2016and there is great uncertainty about economic recovery in the EU despite the substantial fall in oil prices;
Amendment 12 #
Motion for a resolution
Recital B
Recital B
B. whereas the investment level has fallen by EUR 470 billion since the peak of the crisis, and the investment gap is EUR 230- 370 billion compared to its long-term trends which clearly demonstrates the need to encourage consistent private and public-sector investment to support recovery and create jobs;
Amendment 15 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. having regard to the social and human toll and the poor economic results of the austerity policy within the Union;
Amendment 22 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that growth in 2014 is more broadly based; believes, however,has remained weak in 2014; believes that the recovery is still fragile and should be enhanced if it is to deliver substantially more growth and jobs in the medium term;
Amendment 33 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. WelcomNotes the Commission’s Annual Growth Survey 2015, which endeavours to promote a return to higher growth levels and to strengthen the recovery; supports the three main pillars approach (boosting investment, accelerating structural reforms and pursuing responsible growth friendly fiscal consolidation) as the right way to achieve these goals; welcomes the Commission’s suggestions for improving the European Semester by simplifying procedures and increasing national ownership as needed, considering that only 10-15 % of the Country Specific Recommendations are fully implemented by the Members States;
Amendment 40 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Expresses concern that most Member States are still losing market shares globally and have a growing negative net international investment position; believes that the EU economy as a whole needs to boost its competitiveness further in the global economy, particularly by increasing competition in the product and services markets in order to enhance innovation- driven efficiency, while keeping labour costs in line with productivity, taking into account all the factors linked to competitiveness;
Amendment 48 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Believes that the lack of investment is caused by low confidence, high indebtedness, slow deleveragingthe risk-aversion of the private sector, the absence of measures to encourage productive public investments and subdued expectations of demand;
Amendment 63 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. WelcomNotes with interest the Investment Plan for Europe, which is an important instrument for increasing private and public investment; notes that the plan is meant to trigger additional investment, develop new projects, attract investors and restore confidence;
Amendment 75 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Calls on the Members States actively to support the Investment Plan, and to contribute to the European Fund for Strategic Investment, supplementing the amounts provided through the EU budget and by the EIB, in order to guide and encourage the private sector to invest; welcomes the principle of using public money to leverage and attract additional private capitalstresses that once again public capital is being used to offset the risk-aversion of the private sector by taking on the role of venture capital; recalls in this respect the very mixed results of the TLTRO operation launched by the ECB in 2014;
Amendment 84 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Insists in this respect on the establishment of a favourable climate for the development of public- sector investment; wishes in particular the neutralisation in calculations of the debt and deficits of public-sector investments made by public-sector operators of the Member States, in particular in view of the impact of the new accounting standards SEC2010 on the investment capacity of some public authorities; calls therefore for the European Central Bank to take appropriate decisions in this connection;
Amendment 97 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Is still concerned about the lack of progress in reducing excessive private debt levels; points out that this is not only a concern for financial stability, as it also limits the EU’s growth potential and makes the ECB’s monetary policy less effective; calls on the Commission to make proposals for the preparation of effective procedures for private sector deleveraging, including bankruptcy and insolvency procedures, as the huge debt burden weighing on companies and households is one of the key factors limiting private investment;
Amendment 105 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. WelcomesNotes that the ambitious structural reforms implementntroduced by those Member States most affected by the crisis; welcomes as well the fact that those Member States that have successfully implemented adjustment programmes or financial sector programmes have been able to return to the capital markets, where they now access capital at low interest rates have not borne fruit; calls therefore for a review of the austerity policy in Europe and, given the context, for the encouragement of public investment;
Amendment 127 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Calls on the Member States to make their labour markets more efficient, to modernise social protection systems, including pensions, and to improve and streamline the legal and administrative environment for business investment; stresses that structural reforms need to be complemented by well-targeted, longer- term investments in education, the social sectors, research and development, innovation, infrastructure, ICT and sustainable energy;
Amendment 150 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Calls for urgent actUrges the Commission to be taken by the Commiss urgent action to fight tax fraud and tax evasion; calls for a tax system that is harmonised, simple and transparent; reiterates its call on the Member States to shift taxes from labour to consumptionapital;
Amendment 172 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Reiterates the importance of ensuring labour mobility (both cross-border and cross-sectoral), enhanced labour productivity (connected with skills traia quality workforce within the EU and ensuring full respect for the right to health and safety at work; recalls also the urgent need to adapt legislation concernings to improve employability) and labour market flexibility, while preserving the necessary scope of work securityhe posting of workers in order to put an end to the unacceptable practice of social dumping within the Union;
Amendment 193 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Agrees with the Commission that most Member States need to continue to pursue growth-friendly fiscal consolidation; invites Member States with sufficient fiscal space to consider reducing taxes and social security contributions with a view to stimulating private investmentto switch the burden from labour to capital in order to stimulate job creation and economic recovery;
Amendment 214 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Notes the Commission assessment of the Member States’ draft budgetary plans; stresses that the examination of draft budgetary plans should aim at sustainable finance; insists on the strictjudicious application of fiscal rules and on respect for the equal treatment principle;