16 Amendments of Lieve WIERINCK related to 2017/2226(INI)
Amendment 2 #
Motion for a resolution
Citation 15 a (new)
Citation 15 a (new)
- having regard to the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union;
Amendment 26 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
B b. whereas the size of government debt can be affected both by contingent and implicit liabilities;
Amendment 79 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the publication of the 2018 Annual Growth Survey (AGS) package and the proposed policy mix of investment, structural reform and fiscal consolidation, presented as a way to further promote higher growth levels and to strengthen European recovery and upward convergence; is optimistic that if Member States accelerate the implementation of structural reforms to modernise their economies and sustain sound public finances the objectives of increased growth and job creation can be achieved;
Amendment 88 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Highlights, however, the persistent structural problem of insufficient growth of potential output and productivity, flanked by too low a level of investments and wages, leading to persistent social inequalities in some Member States; is concerned that the EU will embark on a path of low growth for a long time if it does not tackle the structural problems in the internal market;
Amendment 107 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses the importance of a wage increase at European level in order to boost private consumption as the main support for growth; points out the need to focus on the interaction between monetary, fiscal and incomes (including wage and profit development) policies rather than only fiscal issudevelopments in line with productivity; points out the need to focus on the interaction between monetary, fiscal and structural policies to be prepared for an environment of phasing out of unconventional monetary policy measures and rising interest rates;
Amendment 126 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Welcomes the improvements in public finances, in particular the gradually declining debt/GDP ratiopublic debt levels for the EU and euro area and falling headline budget deficits; recalls that, while many Member States have limited fiscal leeway forcautions against too much optimism as the costs of ageing may lead to an increase in public debt levels in the medium-term; recalls that Member States need to implementing sustainable, growth- friendly structural reforms, some Member States still have large surpluses which should be used to sustain investments and growth across the EU to sustain sound public finances in the medium to long term and to create the conditions for investments and growth across the EU; calls on the Commission to broaden its debt sustainability analysis of Member States by including contingent, implicit and other off-budget obligations, and make them public;
Amendment 152 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Recalls the importance of publicabolishing barriers to investment for boosting and leveraging investment in the EU; considers that the policy mix proposed in the AGS 2018 should be further developed to remedy the current decrease in public investment in the EUconcretely address barriers to investment such as rigidities in labour and product markets, high administrative and tax burden, and inefficient public administration; highlights that this decrease also affects local and regional authorities, threatening their ability to deliver quality public services;
Amendment 166 #
Motion for a resolution
Paragraph 6
Paragraph 6
Amendment 169 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Asks for a revision of the accounting standards (European System of National and Regional Accounts, ESA 2010) to ensure aCalls to improve the enforcement of the Stability and Growth Pact (SGP) with a focus on debt reduction; whilst allowing Member States under the preventive arm of the SGP to replace gross investments with the depreciation of the investments over a longer period, which would allow budgetary margins to recover and permit the realisation of infrastructure projects in their overall balance calculation which would permit the realisation of significant growth- enhancing infrastructure projects as Member States can spread the cost of the projects over the lifecycle of the investment;
Amendment 177 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Underlines that the European Semester and the Country-Specific Recommendations should achieve the objectives set out in the Pillar of Social Rightsbe fully implemented; recalls that over the past years around 50 % of CSRs have not been implemented or only with limited progress while full implementation is below 10 %;
Amendment 190 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Considers that, as a consequence of the non-binding character of Country- Specific Recommendations regarding structural reforms, responsibility for the consequences of non-implementation remains with the Member States; takes the view that the sharing of the burden of the consequences is conditional to the implementation of the Country-Specific Recommendations;
Amendment 200 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Insists on the need to develop within the European semester a comprehensive strategy to support investment that enhances environmental sustainability; recalls on the Commission, in this respect, to demonstrate how its statement that ‘the SDGs are now fully integrated importance of credible fiscal rules for regaining the Semester’ (Commission communication of 22 May 2017, COM(2017)0500) is reflected in Annual Growth Survey 2018 and will be reflected in the subsequent Semester procesrust of financial markets, which is fundamental to attract investments;
Amendment 279 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Considers that the tools availabproper enforcement of EU fiscal rules and Single Mare not yet equal to the task of fullyket legislation would significantly improve addressing the EU’s cyclical and structural problems, in particular the need to strengthen inclusive growth and productivity, to boost job creation, promote convergence, support sustainable investments and enhance resilience to shocks;
Amendment 306 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 324 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Calls for the completion of the Banking Union, ioncluding a credible European deposit-insurance scheme and a common fiscal backstope adequate risk reduction measures have been implemented;
Amendment 342 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Highlights the importance of an improved European Semester process, including the formalisation of the euro area aggregate fiscal stance as a key tool for policy formulation and implewhich would allow for a proper enforcement process of the fiscal and economic policy recommentdation across the EMU; calls for a broader reform of the Stability and Growth Pact (SGP) in order to improve its flexibility, to incorporate the differentiated treatment of investments and to introduce the concept of aggregate fiscal stances; stresses the need for prudent fiscal policies in anticipation of rising interest rates;