BETA

21 Amendments of Miguel VIEGAS related to 2015/2344(INI)

Amendment 15 #
Motion for a resolution
Citation 8
– having regard to the judgment of the European Court of Justice in Case C- 370/12 Pringle v Ireland [2012],deleted
2016/06/09
Committee: BUDGECON
Amendment 33 #
Motion for a resolution
Recital A
A. whereas the Treaty on European Union establishes the creation of the single market, whose currency is the euro; whereas the European Monetary Union currently consists of 19 members, two of whom have opt-out clauses, the remaining seven EU Member States having yet to join; whereas no financial liability will be incurred by the two countries with opt-outs from EMU in the framework of any fiscal capacity for the euro area;
2016/06/09
Committee: BUDGECON
Amendment 57 #
Motion for a resolution
Recital C
C. whereas contrary to the budgetary arrangements in all other federations, the EU budget is dependent on contributions from Member State level to EU level;
2016/06/09
Committee: BUDGECON
Amendment 121 #
Motion for a resolution
Recital J
J. whereas the ECJ ruled in the Pringle case that the ESM is consistent with the TFEU and opened the door to a possible integration of that mechanism into the acquis communautaire within the current limits of the Treaties;deleted
2016/06/09
Committee: BUDGECON
Amendment 184 #
Motion for a resolution
Paragraph 5
5. Considers that EMU exposed its vulnerability in the context of the global financial and economic crisis when unsustainable imbalances, triggered by capital flows fromcaused by beggar-thy-neighbour policies in core euro area nations to the periphery and a rising public spending ratio in some Member States, aggravated and led to a sovereign debt crisis, in which government borrowing costs dramatically increased in some Member Stateand by capital flows to the periphery leading to elevated debt levels (private or public), which caused a dramatic increase in government borrowing costs in some Member States, following the rise in public spending due to bank bailouts and initial counter- cyclical policy responses to the crisis, jeopardising, in the absence of a proper fiscal backstop, the mere existence of the euro area;
2016/06/09
Committee: BUDGECON
Amendment 191 #
Motion for a resolution
Paragraph 5 a (new)
5a. Points out that the narrow focus on public deficit and debt level does not address the main causes of the euro crisis; stresses that unsustainable current account imbalances had developed before the crisis, due to beggar-thy-neighbour policies in some Member States, which led to increasing debt levels (public and private) in deficit countries;
2016/06/09
Committee: BUDGECON
Amendment 221 #
Motion for a resolution
Paragraph 7
7. Observes that the stabilisation of the economic cycle since the beginning of the crisis has relied almost exclusively on the ECB, and that the reduced options available for monetary policy in a context of zero lower bound rates have led the ECB to implement unconventional monetary policy measures; recalls that the President of the ECB has called for integrated institutions, for a stronger and proactive fiscal policy on the euro area scale and for euro area Member States to deliver on structural reform;
2016/06/09
Committee: BUDGECON
Amendment 241 #
Motion for a resolution
Paragraph 9
9. Recalls that in 2012 the Commission introduced in its ‘Blueprint for a deep and genuine EMU’ the idea of a Convergence and Competitiveness instrument for euro area Member States, whereby euro area Member States could get financial support for ‘reform packages that are agreed and important both for the Member States and for the good functioning of the euro area’, and that this financial support ‘could be set up in principle as part of the EU budget’ and be established by secondary law on the basis of Article 352 TFEU and financed by either a commitment on the part of the euro area Member States or a legal obligation to that effect enshrined in the EU’s own resources legislation as ‘assigned revenues’; considers the review by the Commission of the European Semester, including the Structural Reform Support Programme (SRSP), as a follow-up to this approach;deleted
2016/06/09
Committee: BUDGECON
Amendment 387 #
Motion for a resolution
Paragraph 19
19. Demands that the ESM be integrated into the Union’s legal framework and evolve towards a Community mechanism, as provided for in the ESM Treaty and as constantly requested by the European Parliament and foreseen in the Five Presidents’ report; underlines that the ECJ Pringle case-law and jurisprudence open up the possibility of bringing the ESM within the Union’s framework, within the existing Treaties, on the basis of Article 352 TFEU; calls, therefore, on the Commission to bring forward as a matter of urgency a legislative proposal to that end; demands that the ESM be made fully accountable to the European Parliament;deleted
2016/06/09
Committee: BUDGECON
Amendment 446 #
Motion for a resolution
Paragraph 22
22. Considers that the EFSM and the balance of payment facility should be integrated into the same budgetary chapter as the ESM once the latter is integrated into Community law, thereby providing resources for financial assistance to countries outside the euro area but committed to joining on the basis of the agreed rules;deleted
2016/06/09
Committee: BUDGECON
Amendment 454 #
Motion for a resolution
Paragraph 23
23. Believes that compliance with a convergence code should be the condition for access to funding from the ESM/EMF; reiterates its call on the Commission to put forward a legislative proposal to this end;deleted
2016/06/09
Committee: BUDGECON
Amendment 493 #
Motion for a resolution
Paragraph 25
25. Reiterates its call for the adoption of a ‘convergence code’, as a legal act resulting from the ordinary legislative procedure, to streamline the existing coordination of economic policies into a more effective convergence of economic policies within the European Semester;deleted
2016/06/09
Committee: BUDGECON
Amendment 554 #
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 1
– investment, notably inpublic investment especially in infrastructure, research and development;
2016/06/09
Committee: BUDGECON
Amendment 562 #
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 2
This five-year period should in exchange allow for a phasing-in of the new tasks attributed to the ESM/EMF;deleted
2016/06/09
Committee: BUDGECON
Amendment 574 #
Motion for a resolution
Paragraph 27
27. Considers that a financial instrument is needed to work as an incentive-based mechanism for convergence and sustainable structural reforms with clear conditionality; believes that the Structural Reform Support Programme (SRSP), which is designed to provide technical support to national authorities for measures aimed at reforming institutions, governance, administration, and economic and social sectors with a view to enhancing growth and jobs, can be further developed as a contribution to this function of the fiscal capacity;deleted
2016/06/09
Committee: BUDGECON
Amendment 609 #
Motion for a resolution
Paragraph 29
29. Notes that the two models for the shock absorption function are featured most prominently in the academic literature: a Rainy Day Fund and a European Unemployment Benefit Scheme;deleted
2016/06/09
Committee: BUDGECON
Amendment 625 #
Motion for a resolution
Paragraph 30
30. Points out that the Rainy Day Fund should be funded by all the Member States on the basis of a cyclically sensitive economic indicator and used for payments to all Member States suffering from economic downturns;deleted
2016/06/09
Committee: BUDGECON
Amendment 707 #
Motion for a resolution
Paragraph 35
35. Considers that symmetric shocks that are caused by a lack of supply must be diminished by improving the competitiveness of the euro area via appropriate financial incentives, including via the financing of professional training or financial incentives for R&D spending;deleted
2016/06/09
Committee: BUDGECON
Amendment 772 #
Motion for a resolution
Paragraph 40
40. Argues that national ownership could be improved by including national parliaments in the procedures; insists, however, that the competences of the EP and the national parliaments conferred upon these institutions by the Treaties should be respected and that mixing of these competences be avoided;deleted
2016/06/09
Committee: BUDGECON
Amendment 784 #
Motion for a resolution
Paragraph 41
41. Considers that in order to provide for a genuine EMU, a euro area treasury should be created for collective decision- making, supervision and management of the budgetary capacity for the euro area; calls for the inclusion of this treasury within the European Commission with full macroeconomic, fiscal and financial competences; calls for a vice-president of the European Commission to head the treasury and simultaneously to act as president of the Eurogroup; urges full accountability of this treasury to the European Parliament;deleted
2016/06/09
Committee: BUDGECON
Amendment 804 #
Motion for a resolution
Paragraph 42
42. Considers that those non-euro countries that do not have an opt-out will eventually become part of the EMU and therefore may join the governance framework on a voluntary basis with a special status;deleted
2016/06/09
Committee: BUDGECON