Activities of Sander LOONES related to 2016/2063(INI)
Plenary speeches (1)
European Central Bank annual report for 2015 (debate) NL
Amendments (7)
Amendment 57 #
Motion for a resolution
Recital J b (new)
Recital J b (new)
Jb. whereas the ECB's president has continued to stress the urgency of much- needed structural reforms in the Eurozone;
Amendment 59 #
Motion for a resolution
Recital J c (new)
Recital J c (new)
Jc. whereas Article 123 TFEU and Article 21 of Statute of the European System of Central Banks and of the European Central Bank prohibit the monetary financing of governments;
Amendment 81 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Acknowledges that, confronted with this very complex environment and the risks of a prolonged period of low inflationIs concerned that, the ECB was not within the terms of its mandate iwhen adopting extraordinary measures to lift inflation back up to the medium-term objective of 2 %; points out that the ECB bond-buying programmes violates at least the intent, if not the letter, of Article 123 TFEU; urges the ECB to refrain from assuming a political role and monetary financing government deficits; notes that, since the launching of the APP in March 2015, and owing to targeted long-term refinancing operation (TLTRO) programmes targeted at the real economy, financialng conditions have improved, which has promoted a recovery in lending to firms and households in the euro area slightly;
Amendment 110 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Agrees with ECB President Mario Draghi that the singleConsiders that monetary policy canis not stimulate aggregate demand unless it is complemented by sound fiscal policies and ambitious structural reform programmes at Member State level; recalls that the main benefit of monetary policy is to safeguard price stability in order to guarantee a stable environment for investment; considers that monetary policy is not the appropriate tool to solve the structural problems of the European economythe appropriate tool to solve the structural problems of the European economy; Believes that non-standard monetary policy must not be used as a pretext for Member states to defer fiscal consolidation and structural reforms;
Amendment 129 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines that structural reforms in the economy and the labour market should also fully take into account the demographic trends in Europe, in order to create incentives for a more balanced demographic structure that would make it easier to maintain an inflation target of around 2 %; urges the ECB to contribute to creating conditions incentivising Member States to implement ambitious structural reforms to enhance flexibility and competition in product and labour markets;
Amendment 236 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Asks the European Central Bank to specifically identify and measure the effects of the central bank's actions throughout the economy;
Amendment 241 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16b. Asks the European Central Bank to better explain to the public where and how its actions affect the economies of the member states, particularly in view of recent unorthodox monetary policy measures;