Activities of Notis MARIAS related to 2016/2063(INI)
Plenary speeches (2)
European Central Bank annual report for 2015 (A8-0302/2016 - Ramon Tremosa i Balcells) EL
European Central Bank annual report for 2015 (debate) EL
Amendments (14)
Amendment 233 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Notes that, according to the ECJ judgment of 16 June 2015 in Case C- 62/14, when the ECB purchases government bonds on secondary markets it is exposed to a significant risk of losses as well as to the risk of a debt cut;
Amendment 238 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16b. Urges those euro area Member States which are subject to a macroeconomic adjustment programme to act pursuant to Article 7(9) of Regulation No 472/2013 of the European Parliament and of the Council of 21 May 2013 to carry out a comprehensive audit of their public finances in order, inter alia, to assess the reasons that led to the build-up of excessive levels of debt, as well as to track any possible irregularities;
Amendment 247 #
Motion for a resolution
Paragraph 16 c (new)
Paragraph 16 c (new)
16c. Considers that the existing flexibility within the Stability and Growth Pact rules could be used to better address the weak recovery in some Member States;
Amendment 249 #
Motion for a resolution
Paragraph 16 d (new)
Paragraph 16 d (new)
16d. Recalls that Article 127 TFEU states that the ECB, without prejudice to its primary objective of maintaining price stability, shall support the general economic policies in the Union, and that this is further specified in Article 282 TFEU;
Amendment 254 #
Motion for a resolution
Paragraph 16 e (new)
Paragraph 16 e (new)
16e. Draws attention to Article 123 TFEU, Article 21 of the Statute of the European System of Central Banks, and Article 7 of Council Regulation (EC) No 3603/1993 of 13 December 1993;
Amendment 256 #
Motion for a resolution
Paragraph 16 f (new)
Paragraph 16 f (new)
16f. Notes that austerity policies in a number of Member States have contributed to stagnation and recession, with damaging effects on euro area members’ public accounts, levels of unemployment and social cohesion;
Amendment 258 #
Motion for a resolution
Paragraph 16 g (new)
Paragraph 16 g (new)
16g. Recalls that the monetary dialogue is important to ensure the transparency of monetary policy, vis-à-vis Parliament and the wider public;
Amendment 260 #
Motion for a resolution
Paragraph 16 h (new)
Paragraph 16 h (new)
16h. Stresses that the ECB’s supervisory role and its monetary policy function must not be confused and should not generate any conflict of interest in its execution of its principal functions;
Amendment 261 #
Motion for a resolution
Paragraph 16 i (new)
Paragraph 16 i (new)
16i. Deplores the fact that the ECB has exceeded even a broad interpretation of its Treaty-based mandate, inter alia in its role in the troika and quadriga; urges the ECB to take a step backwards and reinforce its independence from political decisions, abiding by the ECJ judgment in Case C-62/14 of 16 June 2015, especially its paragraph 102, as well as the opinion expressed by Advocate-General Cruz Villalón in the same case, especially its paragraphs 227 and 263;
Amendment 264 #
Motion for a resolution
Paragraph 16 j (new)
Paragraph 16 j (new)
16j. Recalls Parliament’s resolution on the 2013 Annual Report of the ECB, especially its paragraph 9;
Amendment 266 #
Motion for a resolution
Paragraph 16 k (new)
Paragraph 16 k (new)
16k. Underlines the need for democratic accountability in view of the new responsibilities conferred on the ECB regarding supervisory tasks, as well as its involvement in the troika and quadriga programmes, while also stressing the ECB’s independence in the field of monetary policy and the need to avoid any conflict of interest in the execution of its functions;
Amendment 267 #
Motion for a resolution
Paragraph 16 l (new)
Paragraph 16 l (new)
16l. Calls for a thorough assessment of the troika’s modus operandi and of the ECB’s involvement in the troika and quadriga frameworks, with a view to clarifying and redefining the scope of responsibilities and ensuring greater democratic accountability in the adoption and implementation of bailout programmes; invites the Council to reconsider the involvement of the ECB and IMF in the troika;
Amendment 268 #
Motion for a resolution
Paragraph 16 m (new)
Paragraph 16 m (new)
16m. Recalls the report of Parliament of 28 February 2014 on the inquiry into the role and operations of the troika, which calls on the next Parliament to build on the work of this report, develop its key findings and investigate further;
Amendment 269 #
Motion for a resolution
Paragraph 16 n (new)
Paragraph 16 n (new)
16n. Believes 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 future banking crisis;