5 Amendments of Paul TANG related to 2018/0212(COD)
Amendment 41 #
Proposal for a regulation
Recital 1
Recital 1
(1) The promotion of economic, social and territorial cohesion, full employment and economic stability, and the establishment of an economic and monetary union (EMU) are key objectives under the Treaties.
Amendment 53 #
Proposal for a regulation
Recital 4
Recital 4
(4) The unprecedented financial crisis and economic downturn that hit the world and the euro area has shown that in the euro area available instruments such as the single monetary policy, automatic fiscal stabilisers and discretionary fiscal policy measures at national level are insufficient to absorb large asymmetric shocksbridge the investment gap and reach economic convergence.
Amendment 66 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) The attempt to strengthen the Stability and Growth Pact with regards to its credibility and macro-economic coherence by means of the Six Pack, the Two Pack and the Fiscal Compact have added more complexity and less credibility than needed, proving to be a poor substitute for a more fundamental overhaul of euro area governance that will be required in order to achieve a sustainable balance between responsibility and solidarity within the Union;
Amendment 344 #
Proposal for a regulation
Article 6 – paragraph 2
Article 6 – paragraph 2
2. The Commission shall decide the terms of the EISF support. The decision shall contain the amount, the average maturity, the pricing formula, and the availability period of EISF loan and the amount of the interest rate subsidy, and the other detailed rules needed for the implementation of the support. When deciding on the terms of the EISF support, the Commission shall take into account the amount deemed to be sustainable within the meaning of Article [210(3)] of Regulation (EU, Euratom) No XX (the ‘Financial Regulation’) under the own resources ceiling for payment appropriations. The stabilisation function of the EISF shall not be undermined by fiscal rules.
Amendment 354 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
The outstanding amount of loans granted to Member States under this Regulation shall be limited to EUR 30 billion in principalno less than 0,5% of the cumulative GNI of participating Member States.