23 Amendments of Jörg MEUTHEN related to 2019/2211(INI)
Amendment 30 #
Motion for a resolution
Recital A
Recital A
A. whereas the improvement in the economic situation and low interest rates provide an opportunity to implement ambitious reforms, in particular measnegative effects on banks’ net interest income and the increase in banks' lending capacity and lower costs for provisions and losses, which rewards risky behaviour and spures aimed at encouraging public investment to tackle climate change and its socispeculation, poses significant systemic threats in the banking sector and the real econsequences and create full-time jobs; omy, including the possibility of asset bubbles, especially in the green economy;
Amendment 58 #
Motion for a resolution
Recital C
Recital C
Amendment 85 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that, in view of the political prioritization of climate change emergency, the EU’s Annual Growth Survey (AGS) has now been renamed the Annual Sustainable Growth Survey (ASGS), and considers that this implies a change in the positioning of the report and the implementation of ecological indicators;
Amendment 98 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Notes the role of the European Green Deal as the EU’s new strategy defining ecological issues and the wellbeing of citizens as principal goals for the Union; notes, with regard to the scope of the European Semester, the inclusion of the SDGs and of the principles of the European Pillar of Social Rights (EPSR), which will require the adjustment of existing indicators and the creation of new ones to monitor the implementation of EU economic, environmental and social policies, as well as coherence between policy goals and budgetary means; notes the need to implement long-term planning to tackle climate change;
Amendment 123 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers achieving a fair transition to climate neutrality to be a major responsibility for the EU’s citizens and economy and its role in the worldUrges Member States and citizens to take responsibility for future generations, and to ensure the sustainability of our economies, productivity, innovation and wealth creation; calls for appropriate support and policies, with involvement for and of the public, the various sectors, regions and Member States with a view to benefiting from this transformation and making it a success; calls on the Commission to undertake an annual evaluation of the Union’s ecological debt, carbon budget and imported emissions; calls on the Commission to closely monitor the transitioning costs;
Amendment 136 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes that the euro area is going through a prolonged period of subdued growth (1.1 % in the euro area and 1.4% in the EU as a whole in 2019), with growth in the euro area in 2020 and 2021 forecast at 1.2 % and for the EU in 2020 and 2021 forecast at 1.4 %; also notes that the inflation rate is forecast to further slow down, to 1.2 % in 2019 and 2020, in a context of high uncertainty due to geopolitical tensions and Brexit; is concerned at the high level of private debt, Brexit and ongoing accommodative interest rate policies pursued by the ECB; is concerned at the high level of public as well as private debt, which has been spurred and exacerbated by the accommodative monetary policy of the ECB;
Amendment 146 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Is concerned that post-crisis investment has been on a downward path in the EU in spite of historically low interest rates set by the ECB, currently standing at 3.4 %, with overall infrastructure investment now at about 75 % of its pre-crisis level; whereas 80 % of the shortfall is the result of cutbacks in the public sector, which have occurred particularly in countries subject to adverse macroeconomic conditions and the more severe fiscal constraints imposed on disadvantaged regions already characterised by poor infrastructure quality and weak socio- economic outcomes, but also, and surprisingly, in countries with a large fiscal spaccalls on the ECB to normalise interest rates as soon as possible;
Amendment 162 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. EndorsesDisagrees with the conclusion of the European Fiscal Board (EFB) that the fiscal framework has not protected the quality of public expenditure, and welcomes the EFB’s proposal for a ‘golden rule’ to protect public investment; calls, therefore, for the reform of the Stability and Growth Pact and the introduction ofgiven persistently high public deficits in certain member states, and rejects the EFB’s proposal for a ‘golden rule aimed at implementing sound fiscal policy on an equal footing with investment within the EU’s policy objectives; whereas this should cover the investment foreseen for the realisation of the Green Deal, the Digital Revolution, the SDGs and the EPSR Rights, including expenditure aimed at reducing poverty and inequa’ to protect public investment, as long as deficits remain high and the ECB´s monetary politcy related to social protection, health services and long-term care, and education and trainingmains accommodative;
Amendment 177 #
Motion for a resolution
Paragraph 7
Paragraph 7
Amendment 191 #
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 224 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. NoteRegrets that the debt levels of all the Member States are above the pre-crisis level and are expected to exceed 60 % on average in 2021; further notes that in six Member States the ratio will be higher than 90 %; highlights the fact that the fiscal rules have not contributed to bringing down the debt levels of highly indebted countries but have, rather, increased themregrets that these member states have not made use of the favorable interest rate policy of the ECB to reduce their debt;
Amendment 235 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Supportsconsiders that much more flexibility in the implementation of the SGP as proposed by the Commission in 2015; considers that much more flexibility should be introduced in order to boost investment and ecological transition in the EU; calls, therefore, for the reform of the SGP and the introduction of a euro area fiscal capacityin order to boost investment and ecological transition in the EU will worsen the financial situation across all EU member states and will foster green asset bubbles; calls, therefore, for fiscal orthodoxy and strict adherence to the SGP;
Amendment 241 #
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 266 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Is deeply concerned about the accelerating rise in house prices as a result of artificially cheap mortages due to the ultra-accommodative monetary policies of the ECB;
Amendment 284 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Recalls the importance of the efficient regulation of the banking and financial sectors in order to prevent a new crisis; believes that such regulation must integrate the ecological situation; emphasises the importance of completing the Banking Union andemphasises the need to reformabolish the European Stability Mechanism in order to avoid moral hazard;
Amendment 306 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. CRecalls forthat qualified majority voting in Council on tax matters would lead to a situation of taxation without representation in certain member states, which would only accelerate the disintegration of the European Union;
Amendment 315 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. CRecalls for the systematic inclusion of tax matters in the Country Specific Recommendations (CSRs), with the aim of ensuring economic coherence across EU Member States as well as the fairness of EU tax systems; believes that the CSRs could ensure a fair balance between sources of revenue and should also include innovative elements aiming at promoting the Green Deal; further believes that they should also support Member States in tackling tax avoidance and aggressive tax planningthat tax matters are exclusive competences of the member states;
Amendment 356 #
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 367 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Agrees that it is a matter of great concern that income inequality is above pre-crisis levels in some countries, being frequently linked to unequal opportunities in access to education, training and social protection; calls on the Commission and member states to drastically limit the import of cheap labour into the EU, which drives the price of labour downwards;
Amendment 379 #
Motion for a resolution
Paragraph 23
Paragraph 23
Amendment 388 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24 a. Urges Member States to prepare for demographic developments by: 1) building fiscal buffers to arm against rising fiscal costs; 2) implementing structural reforms to reduce these costs; 3) enhancing productivity growth, which is essential to ensuring sustainable economic growth in the future; and 4) reduction of debt and risk;
Amendment 405 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Looks forward to the strongbetter involvement of the EP and the national parliaments in the European Semester process and to the creation of an institutionalised dialogue with the Commission, and the social partners, territories and civil society, at both EU and national level, in order to further boost the process’s democratic legitimacy;
Amendment 416 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Instructs its President not to forward this resolution to the Council and the Commission.