15 Amendments of Enrique CALVET CHAMBON related to 2017/2124(INI)
Amendment 45 #
Motion for a resolution
Recital E
Recital E
E. whereas in 2016, the ECB’s net profit stood at EUR 1.19 mbillion compared with EUR 1.08 mbillion in 2015;
Amendment 81 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Gives a positive assessment of the monetary policy pursued by the ECB in the period 2012-2016 in terms of its contribution to economic recovery by preventing deflation, preserving favourable financing conditions and maintaining financial stability and the proper functioning of the payment systems but stresses its concern regarding the potential consequences of a negative interest rate policy for individual savers and the financial equilibrium of pension schemes as well as about the build up of asset bubbles due to quantitative easing;
Amendment 195 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Notes that 2008 crisis resulted in a quick reversal of capital flows from the periphery to the core;This reversal of capital flows from distressed countries to the core had its origin in a quick re- nationalization of bank cross-border exposures;
Amendment 214 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Underlines the positive effect of the ECB monetary policy on growth, employment and the financing costs of Member States, non-financial companies and households but stresses that monetary policy will fall short if not complemented by growth-enhancing structural reforms;
Amendment 248 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Agrees with the ECB that all Eurozone countries would benefit from intensifying efforts towards achieving a more growth-friendly composition of public finances;
Amendment 252 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Points out that while unemployment has decreased, aggregate demand in the euro area remains subdued, largely as a result of the rise in poor quality, temporary, low-paid jobs; calls on the ECB to evaluate how this phenomenon is slowing the recovery and explore ways to stimulate demand in spite of wage stagnationmany Eurozone continues to suffer from a high level of unemployment and more should be done to tackle youth unemployment and to create high quality jobs;
Amendment 263 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15 a. Notes with concern that the Eurozone continues face a low level of productivity growth following a lack of investment since the beginning of the crises;is concerned that the still high level of public debt and large numbers of non- performing loans in the banking sector in some Member States are still fragmenting the financial markets, thus reducing room to manoeuvre to support the most fragile economies
Amendment 324 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20 a. Highlights that the cross-border penetration of banking within the euro area remains fairly limited.Mergers and acquisitions in the euro area tend to be overwhelmingly domestic in an environment where growth is low and with some countries still experiencing crisis legacy problems;Notes that, according to the data from the ECB, cross-border mergers and acquisitions accounted for only 9% of total transactions in 2016, against 15% for the period 2000 to 2015;
Amendment 326 #
Motion for a resolution
Paragraph 20 b (new)
Paragraph 20 b (new)
20 b. Considers that more pan- European banks could achieve scale economies, which could also enhance their capability to compete globally and strengthen European capital markets, and better diversify risk;
Amendment 337 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Acknowledges that the current policy of low interest rates has a positive effect on the level of nonperforming loans (NPLs); calls for a European strategy involving a secondary market for NPLs in order to alleviate the burden of NPLs in some Member States which would include strict conditionality on progress in Member States regarding insolvency law or banks' governance;
Amendment 358 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Calls the ECB’s attention to the need for the sufficiently wide coverage of recent stress tests vis-à-vis the resolution or liquidation of certain banks; calls the ECB as overseer of financial market infrastructures to assess constantly the resilience of the individual cyber security systems, the network as a whole but also its own system;
Amendment 405 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Agrees that a well-functioning, diversified and integrated capital market would support the transmission of the single monetary policy; is of the opinion that the CMU plays a key role in expanding the pool of capital in the EU; calls for the full and timely completion and implementation of the capital markets union and the banking union;
Amendment 417 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Welcomes the positive opinion of the ECB on the quick establishment of the European deposit insurance scheme (EDIS) as the third pillar of a fully-fledged banking union; stresses that the EDIS will further help to enhance and safeguard financial stability and it will contribute to financial integration by facilitating banks’ cross-border operations, and enhance its resilience by limiting destabilising capital flows;
Amendment 513 #
Motion for a resolution
Paragraph 36
Paragraph 36
36. Considers that the ECB’s growing number of responsibilities and tasks necessitate greater ECB transparency and accountability towards Parliamentgoes hand in hand with a growing accountability towards Parliament in association with the CJEU, the European Ombudsman, the European Court of Auditors, the OLAF and the European Data Protection Supervisor;
Amendment 520 #
Motion for a resolution
Paragraph 36 a (new)
Paragraph 36 a (new)
36 a. Is aware of the growing expectation among the citizens in terms of accountability;considers that accountability of the euro area tasks should be done by a euro area composition of the European Parliament;