Activities of Markus FERBER related to 2022/2006(INI)
Shadow reports (1)
REPORT on the European Semester for economic policy coordination: annual sustainable growth survey 2022
Amendments (23)
Amendment 15 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas the European Semester must not be overburdened with competing objectives, but should keep a narrow focus on competitiveness and sound fiscal policies;
Amendment 17 #
Motion for a resolution
Recital B
Recital B
B. whereas according to the Commission’s autumn economic forecast, the GDP growth rate for 2022 is expected to be 4.3 % of GDP per capita for both the euro area and the EU-27, but is expected to fall to 2.4 % and 2.5 %for the euro area and 2.5 % for the EU-27 respectively in 2023;
Amendment 22 #
Motion for a resolution
Recital C
Recital C
C. whereas the Commission’s autumn economic forecast shows a significant difference in the pace of recovery between the Member States in 2021, with a disparity of GDP growth ranging from 2.7 % to 14.6 %; whereas the growth forecast for 2022 and 2023 is more evenly distributed across Member States;
Amendment 25 #
Motion for a resolution
Recital D
Recital D
Amendment 36 #
Motion for a resolution
Recital E
Recital E
Amendment 40 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
Ea. whereas in 2021 aggregate government debt-to-GDP levels have risen to 100.0% in the Euro Area and 92.1% in the EU;
Amendment 66 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that the European economy is recovering faster than expected from the devastating impact of the global pandemic; underlines the crucial importance that timely policy interventions have played and will continue to play in mitigating the impact of the pandemic on the European economy;
Amendment 74 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Is concerned about emerging new variants, localised pandemic lockdowns, increased energy prices, inflationary pressure, supply-side disruptions and emerging labour shortages; notes that these risks could hamper economic growth prospects in the coming months and delay the transition to a more sustainablcompetitive and future-proof economy;
Amendment 81 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Is alerted by the fact that the speed of the recovery varies across Member States and regions, with significant differences and a disparity of between 2.7 % and 14.6 % between the Member States in 2021, according to the Commission’s autumn economic forecast; notes, however, that the recovery is expected to be more even in 2022 and 2023;
Amendment 86 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recognises that the crisis triggered by the COVID-19 pandemic has been especially severe for enterprises, mostly small and medium-sized enterprises (SMEs), in tourism, hospitality and culture; recognises the notion of European solidarity underpinning the establishment of the RRF as a one-off instrument to address the economic fallout of the pandemic;
Amendment 105 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Points out that thea successful roll- out of the RRF will help to make EU economies and societies more sustainable, inclusive, resilient and better prepared for the green and digital transitions;
Amendment 129 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Stresses, however, that the deactivation of the general escape clause should not be delayed in case consensus about a revised fiscal framework has not yet been reached;
Amendment 141 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Is convinced that the coordination of national fiscal policies remains crucial in underpinning the recovery; notes that the overall fiscal stance, taking into account national budgets and the RRF, is projected to remain supportive in 2022 to sustain the recovery; notes that overall public debt levels in the EU are too high and need to be lowered; therefore agrees with the Commission that Member States with low or medium levels of debt should pursue or maintain a supportive fiscal stance, and that Member States with high levels of debt should use the RRF to finance additional investment to support the recovery, while pursuing a prudent fiscal policy; agrees with the Commission that all Member States should preserve or broadly preserve their national financed investment;
Amendment 153 #
Motion for a resolution
Subheading 3
Subheading 3
Growth-enhancing, balanced, inclusive and sustainable structural reforms and investment
Amendment 165 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers that it is crucial to coordinate national reform and investment efforts and the exchange of best practices in order to increase the convergence and resilience of our economies, promote sustainable and inclusive growth, strengthen the Union's resilience by bringing down public debt levels and improve institutional frameworks;
Amendment 184 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Highlights that the RRF presents an unprecedented and unique opportunity for all Member States to address key structural challenges and investment needs and insists that all recovery and resilience plans address all requirements of the RRF Regulation, in particular the six pillars; highlights the interplay between the European Semester and the RRF and in particular the requirement for Member States to address all or a significant subset of country-specific recommendations as part of the national recover any resilience plan; calls on the Member States to make the most of this opportunity and to use it to transform their economies and make them sustainable, more competitive and more resilient to future shocks; highlights the role of the European Parliament in the implementation of the RRF, as enshrined in the RRF Regulation;
Amendment 204 #
Motion for a resolution
Paragraph 11
Paragraph 11
Amendment 216 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that many Member States are having to contend with old and new structural challenges that are hindering their growth potential; highlights, therefore, that tackling structural challenges is crucial for a sustainable recovery and continued growth; takes the view that implementing structural reforms to address old and new structural vulnerabilities is key not only to improving the ability to withstand and cope with existing challenges and potential future shocks, but also to accomplishing the twin transitions in a sustainable, fair and inclusive manner and to reducing social inequalities; points to the lack of national ownership as one of the main weaknesses in enacting reforms aimed at addressing structural deficiencies;
Amendment 229 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Is concerned that the Commission identified macroeconomic vulnerabilities related to imbalances and excessive imbalances in 12 Member States; is worried that the nature and source of Member States’ imbalances remain largely the same as before the pandemic and that the pandemic could also be exacerbating imbalances and economic divergences; calls on the Member States to take advantage of the unprecedented opportunity provided by the RRF to significantly reduce existing macroeconomic imbalances, in particular by including ambitious structural reform measures in the national plans of all Member States; stresses that sound execution is essential to make full use of this opportunity;
Amendment 232 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Is concerned about the high levels of government debt reaching 100% of GDP in the Eurozone in 2021 and 92.1% of GDP in the EU; notes that this level of public indebtedness is considerably higher than the reference values in the treaty; notes with concern that high public debt levels are a source of systemic macroeconomic risk, particularly when the ECB's monetary policy is expected to become less accommodative due to rising inflationary pressures;
Amendment 237 #
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13b. Calls on Member States to reduce deficits and aggregate public debt levels to bring them in line with the treaty reference values thereby reducing the burden on future generations;
Amendment 238 #
Motion for a resolution
Paragraph 13 c (new)
Paragraph 13 c (new)
13c. Notes the importance of Member States building sufficient fiscal buffers in good times in order to increase the resilience of the Union and increase the Union's capacity to react to future crises;
Amendment 242 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Recognises the importance of the macroeconomic imbalance procedure in identifying, preventing and addressing macroeconomic imbalances in the EU; highlights that continuous monitoring and vigilance will be needed and that Member States should address emerging imbalances through reforms that enhance economic and social resilience and promote the digital transformation and green and just transitions; stresses that the European Commission plays an important role in holding governments accountable in this regard;