10 Amendments of Markus FERBER related to 2018/2101(INI)
Amendment 52 #
Motion for a resolution
Recital L a (new)
Recital L a (new)
La. whereas the ECB has imported considerable risks into its balance sheet through its bond-purchasing programme;
Amendment 54 #
Motion for a resolution
Recital L b (new)
Recital L b (new)
Lb. whereas hitherto, when performing its supervisory role, the ECB has not always taken sufficient account of the proportionality principle;
Amendment 59 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Highlights that the statute of independence of the ECB, as laid down in the treaties, is crucial for fulfilling its mandate of price stability and protecting the institution as a whole from political interference; calls on the ECB to concentrate exclusively on the objective of price stability;
Amendment 69 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Notes that the EU economy grew at its fastest rate in 10 years in 2017 and that all Member States saw their economies expand; welcomes the role of the ECB and the structural reforms undertaken in some Member States as part of the ongoing recovery; notes that the ECB’s monetary policy alone is not a suitable instrument for guiding economic growth;
Amendment 75 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Considers that monetary policy alone is not sufficient to achieve sustainable economic growth and that monetary policy cannot be a substitute for ambitious structural reforms;
Amendment 98 #
Motion for a resolution
Paragraph 5
Paragraph 5
Amendment 134 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Agrees with the ECB’s decision to end the APP, subject to incoming data confirming its medium-term inflation outlook, and considers that this instrument should only be used on a temporary basis, as it creates new risks for financial stability and reduces incentives to consolidate public finances;
Amendment 141 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that with holdings of EUR 1.9 trillion at the end of 2017, the public sector purchase programme (PSPP) accounted for the largest part of the APP; emphasises the importance of following the issuer limit of 33 % in public sector purchases; stresses that the ECB has imported considerable risks into its balance sheet through its bond- purchasing programme;
Amendment 152 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Welcomes the transparency provided by the ECB through its forward guidance; deems it appropriate to keep interest rates low, in the light of uncertainties in the global environment at present;
Amendment 205 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Calls on the ECB to pay particular attention to the proportionality principle in connection with the banking supervisory tasks conferred on it; points out in this connection that communication with directly and indirectly supervised institutions should in principle be in the national language;