13 Amendments of Jonás FERNÁNDEZ related to 2021/2063(INI)
Amendment 9 #
Motion for a resolution
Citation 9
Citation 9
— having regard to the EurosystemCB staff macroeconomic projections for the euro area published on 10 June9 September 2021,
Amendment 29 #
Motion for a resolution
Recital B
Recital B
B. whereas, according to Eurostat, the unemployment rate in JulyAugust 2021 stood at 6.98 % in the EU and 7.65 % in the euro area, spread in an uneven way across the EU and within Member States and with unemployment rates among young people and women remaining much higher;
Amendment 33 #
Motion for a resolution
Recital C
Recital C
C. whereas, according to the EurosystemCB staff macroeconomic projections of JuneSeptember 2021, annual inflation for the euro area in the Harmonised Index of Consumer Prices (HICP) will be 1.92.2 % in 2021, and is expected to decrease to 1.57 % in 2022 and 1.45 % in 2023 on average; whereas inflation projections show substantial variance across the euro area;
Amendment 54 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
E a. whereas according to the Spring 2021 Eurobarometer survey, the public support for the European economic and monetary union with one single currency, the euro, was 79 % in the euro area;
Amendment 71 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Highlights that the statutory independence of the ECB is a prerequisite for it to fulfil its mandate; highlights that central bank independence should always be complemented by a corresponding level of accountability;
Amendment 76 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the ECB Monetary Policy Strategy Review adopted unanimously and announced on 8 July 2021, which sets out how to achieve the primary objective of maintaining price stability and contribute to the achievement of the Union’s objectives without prejudice to the objective of price stability; underlines that sustainable development, convergence, full employment and social progress are general objectives of the Union as defined in Article 3 of the TFEU;
Amendment 130 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes the ECB’s substantially eased monetary policy stance in response to the COVID-19 crisis, which includes the introduction of the pandemic emergency purchase programme (PEPP), the relaxation of the eligibility and collateral criteria and the offer of new longer-term refinancing operations, in particular the pandemic emergency longer-term refinancing operations (PELTROs); welcomes, moreover, the ECB’s decision to maintain instruments, such as forward guidance, asset purchases and longer-term refinancing operations, as an integral part of its toolkit;
Amendment 137 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Welcomes the ECB’s decision to continue to conduct net asset purchases at a significantly higher pace under the PEPP until at least the end of March 2022the COVID-19 crisis phase is over and in any case until at least the end of March 2022; welcomes the ECB’s decision to increase the size of the PEPP from the initial EUR 750 billion to EUR 1,850 billion; stresses the importance of keeping it in place as long as necessary;
Amendment 171 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes the ECB’s decision on a new symmetric inflation target of 2 % over the medium term and its commitment to maintain a persistently accommodative monetary policy stance in order to meet its inflation target; notes with concern that inflation rose to a decade-high 3 % in August 2021; calls on the ECB to evaluate and address this upward trend and its consequences more attentively; believes that the absence of an arithmetic reference complicate the interpretation of the deviations from the target; notes that the medium-term orientation of the monetary policy strategy allows for inevitable short-term deviations of inflation from the target; notes that inflation rose to a decade-high 3 % in August 2021, driven by temporary factors such as the base effect of energy prices, supply chain bottlenecks and the recovery after a dramatic recession; calls on the ECB to monitor attentively price developments; echoes that, according to the ECB’s Survey of Professional Forecasters, medium-term inflation expectations remain firmly anchored;
Amendment 180 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Echoes President Lagarde’s call not to overreact to transitory supply shocks that have no bearing on the medium term, and for monetary policy to remain focused on steering the economy safely out of the pandemic emergency;
Amendment 186 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Notes the ECB’s decision to include the costs related to owner-occupied housing in the HICP to better represent the inflation rate that is relevant for household; considers, however, that HIPC in its current definition reflects the evolution of actual expenditure made by households on goods or services;
Amendment 225 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Welcomes the ECB’s new action plan and its detailed roadmap of climate change-related actions to further incorporate climate change considerations into its policy framework; welcomes the ECB’s economy-wide climate stress test, which was developed to assess the resilience of banks and corporations to transition and physical risks arising from climate change;
Amendment 318 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Calls on the ECB to step up its monitoring of the development of crypto- currencies and the related risks in terms of cybersecurity and, money laundering, terrorism financing and other criminal activities related with the anonymity provided by crypto-assets;