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20 Amendments of Martin SCHIRDEWAN related to 2018/0212(COD)

Amendment 90 #
Martin SCHIRDEWAN
Proposal for a regulation
Recital 10
(10) EISF should be a Union instrument which complements national fiscal policies. It should be recalled that Member States should pursue sound fiscal policies and build up fiscal buffers in favourable economic times.
2018/11/09
Committee: BUDGECON
Amendment 113 #
Martin SCHIRDEWAN
Proposal for a regulation
Recital 15
(15) Strict eligibility criteria based on compliance with decisions and recommendations under the Union's fiscal and economic surveillance framework over a period of two years before the request for EISF support should be fulfilled by the Member State requesting EISF support in order not to diminish the incentive for that Member State to pursue prudent budgetary policies.deleted
2018/11/09
Committee: BUDGECON
Amendment 120 #
Martin SCHIRDEWAN
Proposal for a regulation
Recital 15 a (new)
(15a) Eligibility for EISF funds should be based on Member States adhering to a development code which sets out socio- economic convergence criteria for the European Union and the respective Member State in matters such as just taxation, social inclusion and social cohesion as well as balanced and participative economic growth.
2018/11/09
Committee: BUDGECON
Amendment 122 #
Martin SCHIRDEWAN
Proposal for a regulation
Recital 16
(16) Member States whose currency is the euro which benefit from financial assistance by the ESM, the European Financial Stabilisation Mechanism (EFSM) or the International Monetary Fund (IMF) and which are under a macro-economic adjustment programme within the meaning of Article 7(2) of Regulation (EU) No 472/2013 of the European Parliament and of the Council12 should not benefit from EISF support since their financing needs including for maintaining public investment are addressed via the financial assistance granted. _________________ 12 Regulation (EU) No 472/2013 of the European Parliament and of the Council of 21 May 2013 on the strengthening of economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulties with respect to their financial stability, (OJ L 140, 27.5.2013, p. 1).deleted
2018/11/09
Committee: BUDGECON
Amendment 127 #
Martin SCHIRDEWAN
Proposal for a regulation
Recital 17
(17) Member States with a derogation which benefit from balance of payments support within the meaning of point (a) of Article 3(2) of Council Regulation (EC) No 332/200213 should not benefit from EISF support since their financing needs including for maintaining public investment are addressed via the medium- term financial assistance facility granted. _________________ 13Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States' balance of payments (OJ L 53, 23.2.2002, p.1).deleted
2018/11/09
Committee: BUDGECON
Amendment 230 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)
(6a) ‘Development code’ means the commitment of a Member State regarding socio-economic convergence in matters of balanced and participative economic growth including current account balances, just taxation, labour market participation, investment, productivity, social cohesion and social inclusion and public administrative and good governance capacities within the reformed Treaties.
2018/11/09
Committee: BUDGECON
Amendment 237 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 3 – paragraph 1 – introductory part
1. A Member State shall be eligible for EISF support where it is not subject to:compliant with a development code as defined in Article 2.
2018/11/09
Committee: BUDGECON
Amendment 239 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 3 – paragraph 1 – point a
(a) a decision of the Council establishing that no effective action has been taken to correct its excessive deficit under Article 126(8) or Article 126(11) of the Treaty on the Functioning of the European Union in the two years prior to requesting support from the EISF;deleted
2018/11/09
Committee: BUDGECON
Amendment 245 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 3 – paragraph 1 – point b
(b) a decision of the Council in accordance with Article 6(2) or Article 10 of Council Regulation (EU) No 1466/9719 establishing that no effective action has been taken to address the observed significant deviation in the two years prior to requesting support from the EISF; _________________ 19Council Regulation (EC) No 1466/97 of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies OJ L 209, 2.8.1997, p. 1deleted
2018/11/08
Committee: BUDGECON
Amendment 252 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 3 – paragraph 1 – point c
(c) two successive recommendations of the Council in the same imbalance procedure in accordance with Article 8(3) of Regulation (EU) No 1176/2011 of the European Parliament and of the Council20 on grounds that the Member State concerned has submitted an insufficient corrective action plan in the two years prior to requesting support from the EISF; _________________ 20Regulation (EU) No 1176/2011 of the European Parliament and of the Council of 16 November 2011 on the prevention and correction of macroeconomic imbalances OJ L 306, 23.11.2011, p. 25deleted
2018/11/08
Committee: BUDGECON
Amendment 258 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 3 – paragraph 1 – point d
(d) two successive decisions of the Council in the same imbalance procedure in accordance with Article 10(4) of Regulation (EU) No 1176/2011 of the European Parliament and of the Council having established non-compliance by the Member State concerned on grounds that it has not taken the recommended corrective action in the two years prior to requesting support from the EISF;deleted
2018/11/08
Committee: BUDGECON
Amendment 265 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 3 – paragraph 1 – point e
(e) a decision of the Council approving a macroeconomic adjustment programme within the meaning of Article 7(2) of Regulation (EU) No 472/2013;deleted
2018/11/08
Committee: BUDGECON
Amendment 267 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 3 – paragraph 1 – point f
(f) a decision of the Council implementing a medium-term financial assistance facility within the meaning of point (a) of Article 3(2) of Council Regulation (EC) No 332/200221. _________________ 21 Council Regulation (EC) No 332/2002 OJ L 53/1, 23.02.2002, p. 1deleted
2018/11/08
Committee: BUDGECON
Amendment 315 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 5 – paragraph 1 – subparagraph 1 – point b
(b) maintain at least the same level of its public investment compared to the average level of its public investment in the five previous years.
2018/11/08
Committee: BUDGECON
Amendment 318 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 5 – paragraph 1 – subparagraph 2
The Commission may nevertheless conclude when adopting the decision in accordance with Article 6(2) that such level of public investment is unsustainable, in which case it shall determine the level of public investment to be maintained.deleted
2018/11/08
Committee: BUDGECON
Amendment 332 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 1
Where a Member State fulfils the eligibility criteria referred to in Article 3 and is experiencing the large asymmetric shock referred to in Article 4, it may request the Commission once a year to receive EISF support. The Member State shall indicate its needs for support.
2018/11/08
Committee: BUDGECON
Amendment 343 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 6 – paragraph 2
2. The Commission shall decide the terms of the EISF support. The decision shall contain the amount, the average maturity, the pricing formula, and the availability period of EISF loan and the amount of the interest rate subsidy, and the other detailed rules needed for the implementation of the support. When deciding on the terms of the EISF support, the Commission shall take into account the amount deemed to be sustainable within the meaning of Article [210(3)] of Regulation (EU, Euratom) No XX (the ‘Financial Regulation’) under the own resources ceiling for payment appropriations.
2018/11/08
Committee: BUDGECON
Amendment 348 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 7 – paragraph 1
The outstanding amount of loans granted to Member States under this Regulation shall be limited toat least EUR 3140 billion in principal.
2018/11/08
Committee: BUDGECON
Amendment 390 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 8 – paragraph 3
3. An EISF loan shall not exceed 30 percent of the available amount referred to in Article 7 after deduction of the total amount of outstanding loans awarded under EISF.deleted
2018/11/08
Committee: BUDGECON
Amendment 439 #
Martin SCHIRDEWAN
Proposal for a regulation
Article 18 – paragraph 2
2. Payment of an interest rate subsidy shall not exceed 30 percent of the available means in the Stabilisation Support Fund at the moment when such payment to the Member State concerned is due. Any further payment shall be deferred. Any new contributions to the Stabilisation Support Fund referred to in Article 17(2) shall be firstly used for honouring deferred payments to the Member States concerned. In case of more than one deferred payment, the order in which such payments shall be honoured shall be determined by the length of time of the deferral starting with the longest time.deleted
2018/11/08
Committee: BUDGECON
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