23 Amendments of Markus FERBER related to 2018/0212(COD)
Amendment 45 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1a) The European Union should not be turned into a transfer union.
Amendment 46 #
Proposal for a regulation
Recital 1 b (new)
Recital 1 b (new)
(1b) It is essential that EISF does not serve as a gateway to an EU unemployment insurance scheme or other all-embracing EU insurance mechanisms.
Amendment 49 #
Proposal for a regulation
Recital 4
Recital 4
Amendment 59 #
Proposal for a regulation
Recital 5
Recital 5
(5) In order to facilitate macroeconomic adjustment and cushion large asymmetric shocks in the current institutional set-up, Member States whose currency is the euro and other Member States that participate in the exchange rate mechanism (ERM II) have to rely more heavily on remaining instruments of economic policy, such as automatic fiscal stabilisers and other discretionary fiscal measures, making the adjustment more difficult overall. The sequence of the crisis in euro area also suggests strong reliance on the single monetary policy to provide for macro-economic stabilisation in severe macro-economic circumstances.
Amendment 70 #
Proposal for a regulation
Recital 7
Recital 7
(7) AMore responsible fiscal policies as well as additional instruments are therefore necessary to avoid in the future that large asymmetric shocks result into deeper and broader situations of stress and weaken cohesion.
Amendment 86 #
Proposal for a regulation
Recital 10
Recital 10
(10) EISF should be a Union instrument which complements national fiscal policies in clearly defined emergency situations. It should be recalled that it is essential that Member States should pursue sound fiscal policies and build up sufficient fiscal buffers in favourable economic times. Member States shall only be able to access the EISF if they have pursued responsible fiscal policies in the years prior to activating the trigger.
Amendment 87 #
Proposal for a regulation
Recital 33
Recital 33
Amendment 95 #
Proposal for a regulation
Recital 12
Recital 12
Amendment 119 #
Proposal for a regulation
Recital 15
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 twofive 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.
Amendment 138 #
Proposal for a regulation
Recital 20
Recital 20
(20) With a view to swiftly provide EISF support, the competence for granting the loans whenupon the strict precondition that the eligibility and activation criteria are fulfilled and deciding on granting interest rate subsidies should be entrusted to the Commission. The eligibility and activation criteria must be the only relevant criteria; there must not be any political considerations in the decision making process.
Amendment 187 #
Proposal for a regulation
Recital 33
Recital 33
Amendment 242 #
Proposal for a regulation
Article 3 – paragraph 1 – point a
Article 3 – paragraph 1 – point a
(a) aA 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 Unionin accordance with Article 126 (6) of the TFEU establishing that an excessive deficits exists in the twofive years prior to requesting support from the EISF;
Amendment 250 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
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 twofive years prior to requesting support from the EISF; _________________ 19 Council 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. 1
Amendment 292 #
Proposal for a regulation
Article 4 – paragraph 1 – point b
Article 4 – paragraph 1 – point b
(b) the quarterly national unemployment rate increased above onetwo percentage point in comparison to the unemployment rate observed in same quarter of the previous year.
Amendment 334 #
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 1
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. The Commission shall inform the European Parliament and the Council without undue delay of any request for support.
Amendment 340 #
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 2
Article 6 – paragraph 1 – subparagraph 2
The Commission shall assess and answer the requests in the order it receives them. It shall act without undue delay. The Commission shall inform the European Parliament and the Council without undue delay about the outcome of its assessment.
Amendment 356 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
The outstanding amount of loans granted to Member States under this Regulation shall be limited to EUR 3025 billion in principal.
Amendment 376 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 4
Article 8 – paragraph 1 – subparagraph 4
Amendment 393 #
Proposal for a regulation
Article 8 – paragraph 3
Article 8 – paragraph 3
3. An EISF loan shall not exceed 320 percent of the available amount referred to in Article 7 after deduction of the total amount of outstanding loans awarded under EISF.
Amendment 398 #
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
Amendment 402 #
Proposal for a regulation
Article 10
Article 10
Amendment 441 #
Proposal for a regulation
Article 18 – paragraph 2
Article 18 – paragraph 2
2. Payment of an interest rate subsidy shall not exceed 320 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.
Amendment 456 #
Proposal for a regulation
Article 22 – paragraph 5 – subparagraph 2 – point d
Article 22 – paragraph 5 – subparagraph 2 – point d