Activities of Paloma LÓPEZ BERMEJO related to 2015/2115(INI)
Plenary speeches (1)
European Central Bank annual report for 2014 (A8-0012/2016 - Notis Marias) ES
Amendments (8)
Amendment 15 #
Motion for a resolution
Recital C
Recital C
C. whereas, again according to the same forecast, the fiscal outlook in the euro area should exhibit a slight improvement, with decreases expected in the public deficit (from 2.4 % in 2014 to 1.7 % in 2016) and the public debt (from 94 % at the end of 2014 to 92.5 % at the end of 2016); notes that deflationary fiscal policies combined with banking policies which socialised private debt and austerity policies have led to extremely high levels of public debt in many Member States;
Amendment 19 #
Motion for a resolution
Recital D
Recital D
D. whereas the current recovery is mainly supported by private consumption, while private investment in the euro area continues to stagnate at levels significantly below those registered before the start of the crisiCalls on the Commission and the Member States to prioritise public investment; urges the Commission and Member States to do more from the economic crisis as an opportunity to promote a more equitable, socially and environmentally sustainable economic model, by, among other means, accelerating public investment and promoting social enterprise and alternative business models, such as mutuals and cooperatives;
Amendment 35 #
Motion for a resolution
Recital F
Recital F
F. whereas in 2014 the ECB lowered its key refinancing rates to the effective lower bound and reduced its deposit facility rate to -0.20 %; whereas lower real rates have not translated into either increased credit for households and businesses, especially SMEs, or GDP growth and job creation; stresses the need to prioritise action to tackle unemployment, poverty and social exclusion, and to give priority to sustainable employment/quality jobs, investment, and quality public services which ensure social inclusion, especially in the areas of agriculture, education, health, childcare, care of dependent persons, public transport and social services;
Amendment 50 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls that the modest recovery expected for the coming years in the euro area will not be sufficient to reduce the high unemployment rates recorded in many euro area Member States or to reduce the burden of debt; stresses that many Member States, in particular in the eurozone, are faced with similar macroeconomic challenges, including most importantly high external and public debts, high unemployment and low investment; deplores the insistence of the Eurogroup on austerity policies harming both investment and employment;
Amendment 82 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Acknowledges that, in reaction to a complex environment of falling inflation, contraction of credit and sluggish economic growth, and with its interest rates close to the zero lower bound, the ECB resorted to non-conventional monetary policy instruments; Notes that the ECB should address economic divergences such as regional or sectoral asset price bubbles via discretionary asset-based reserve requirements, as opposed to a concentration on interest rates; notes that raising interest rates can have secondary unintended consequences such as suffocating the euro economy.
Amendment 236 #
Motion for a resolution
Paragraph 25 – introductory part
Paragraph 25 – introductory part
25. Calls for a thorough assessment ofDeplores the ECB’s modus operandi and actions towards Greece, especially as regards the decisions taken by it, namely:
Amendment 258 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. BelieveConsiders that the current structure of the Banking Union should be complemented in the future with a single mechanism to guarantee bank deposits, aimed at avoiding capital flight in the event of a futurBanking Union legislation serves only the interests of the big financial capital in the EU and infringes basic democratic principles; defends the repeal of the Banking Union legislation and the need to assure a public and democratic control over the banking crisissystem;
Amendment 272 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. WelcomesNotes the Commission's Investment Package, including the cCapital mMarket us Union project and its potential contribution to reducing excessive dependence of euro ar(CMU); stresses that an equitable and robustly regulated financial services framework which ensures financial stability is a prerequisite in order to increase (long-term) investment and to foster growth in a sustainable and socially balanced European economies on the banking systemy; underlines the linkage between socially sustainable polices and financial stability;