14 Amendments of Caroline NAGTEGAAL related to 2022/2150(INI)
Amendment 14 #
B. whereas the EU labour market has proved particularly resilient, with an additional two million people in employment, leading to a record low unemployment rate of 6.2 % in 2022 in the EU as a whole; whereas unemployment remains high in some Member States; whereas youth unemployment is still a matter of great concern, with 28,72 million people under 25 years of age seeking employment in October 2022, an increase of 102.000 from October 2021; whereas according to the Commission’s autumn economic forecast the public sector was a key contributor to the increase in employment; whereas despite labour market tightness wage growth has remained moderate; whereas the unemployment rate is expected to increase slightly in 2023 (6.5 %), before marginally coming down again in 2024 (6.2 %);
Amendment 40 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Is concerned that the EU is one of the most exposed advanced economies to downward risks, given its geographical proximity to Ukraine and heavy reliance on gas imports from Russia; notes thaexpresses its strong concerns about the impact of high energy prices and inflation leads to the erosion of household purchasing power; highlights that a reduction in aggregate demand, combined with less favourable financing conditions, could lead to a sharp decline in investment and therefore in economic growthon households and SME’s in particular;
Amendment 54 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses that while the primary objective of the European Central Bank (ECB) is to maintain price stability, the primary objective of the Union as a whole should be to minimise the impact of current turbulences on the real economy, thereby defending the wellbeing of its citizens and preserving its production structure and the international competitiveness of its companies; underlines, in this regard, the importance of adequate and coordinated fiscal, structural and regulatory policies that complement the ECB’s monetary policy actions, which are also capable of supporting household incomes and providing targeted support to companies suffering from supply bottleneck; calls on the ECB to do whatever it takes to bring inflation down to its target level of 2% and fulfil its mand high energy costsate;
Amendment 71 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Observes the sizeable impact of the NextGenerationEU (NGEU) instrument as estimated by the Commission, the ECB and the International Monetary Fund, in particular an increase in GDP growth of up to 1.5 % higher than without NGEU investment if the instrument is implemented effectively; stresses that NGEU is a one-off emergency instrument; recognizes that the EU economy was already in full swing recovery before payments were being reimbursed to Member States;
Amendment 93 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Recalls the close link between the European Semester and the implementation of the RRF, whereby the national recovery and resilience plans (NRRPs) are expected to contribute effectively to addressing all or a significant subset of the challenges identified in the relevant country-specific recommendations addressed to each Member State in the context of the European Semester; calls on the Commission to halt disbursements in case a Member State does not sufficiently fulfil the required reforms;
Amendment 111 #
Motion for a resolution
Paragraph 7 – introductory part
Paragraph 7 – introductory part
7. Underlines the twohree key features of the RRF which are intrinsically linked to its successful implementation:
Amendment 119 #
Motion for a resolution
Paragraph 7 – point b a (new)
Paragraph 7 – point b a (new)
(b a) fixed binding milestones and targets including structural reforms and investments for each Member State;
Amendment 124 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Urges the Commission to carefully monitor the risks to EU financial interests in the implementation of the RRF of any potential breach of the principles of the rule of law, with particular attention to public procurement; expects the Commission not to proceed with any payments under the RRF if milestones linked to measures to prevent, detect and correct corruption, fraud and conflicts of interest are not met;
Amendment 126 #
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 134 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. WelcomNotes the publication of the Commission’s communication on orientations for a reform of the EU economic governance framework; expressecalls concern about its delay; stresses the need to adopt legislative proposals before time runs out and the Member States to take responsibility and bring down their national debt to sustainable levels in order to protect the integrity of the Economic and Monetary Union, even though the gGeneral eEscape cClause is removed and the current legislature comes to an enhas not yet been deactivated;
Amendment 142 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
Amendment 164 #
11. Notes the aim to stimulate investment and reforms by allowing Member States to have different debt reduction paths, provided that these enhance growth, and improve debt sustainability and are in line with the EU’s objectives, in particular those of the green and digital transition and social resilience;
Amendment 174 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that while monetary policy is conceived and designed as a single instrument, the overall fiscal policy is the result of aggregating 19 individual fiscal policies; underlines that, apart from the recommendation on the economic policy of the euro area, coordination of actions has thus far been limited and the situation and challenges of the euro area have not been easy to factor in; highlights that it is still largely randomconsiders ift the aggregation of national fiscal policies results in a euro area fiscal stance which is appropriate and consistent with monetary policy; regrets that the Commission’s communication does not encompass rules or instruments that allow for the management of the euro area fiscal stancerefore all the more important that Member States comply with the rules and regulations of the Stability and Growth Pact;
Amendment 213 #
13 a. Suggests automatic sanctions against Member States that persistently violate the Stability and Growth Pact;