6 Amendments of Markus FERBER related to 2014/2157(INI)
Amendment 119 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. UnderlinNotes that, with the measures announced in June 2014, the ECB balance sheet is expected to move towards the size it used to have at the beginning of 2012; noturges that this projected increase requires strong vigilance by the ECB with respect toe ECB, in view of the possible risks for its budget, to exercise the cgredit risks it ultimately bearsatest vigilance in this respect;
Amendment 125 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Welcomes the fact that the ECB has repeatedly stated its readiness to use additional unconventional instruments withinStresses that, notwithstanding any unconventional monetary policies, the ECB its mandate, and to alter the size or composition of its interventions, in the event of an excessively lengthy period of low inflationrequired to operate strictly within its mandate;
Amendment 132 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Stresses that the impact of the unconventional monetary policy measures currently in use on the real economy should not in no way be overestimated; stresses that such measures are transitory in nature and that their main advantage is that they can give Member States time to consolidate their fiscal situation and implement structural reforms that will create conditions for economic activity and that the necessary structural reform cannot be replaced by monetary policy measures; stresses that such measures are merely transitional in nature;
Amendment 143 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Recalls that monetary policy alone cannot stimulate aggregate demand unless it is complemented by adequate fiscal and structural national reforms and that monetary policy can under no circumstances replace these necessary policies;
Amendment 156 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Recalls that the independence of the ECB in the conduct of its monetary policy, as enshrined in the Treaties, is crucialindispensable to the objective of safeguarding price stability;
Amendment 175 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Welcomes the fact that the Single Supervisory Mechanism (SSM), the first pillar of the Banking Union, became fully operational on 4 November 2014; notes that this major step in European financial integration was achieved thanks to the successful completion of the preparatory work, including the Asset Quality Review (AQR); stresses that the supervisory and monetary functions of the ECB must under no circumstances be allowed to merge;