3 Amendments of Thomas MANN related to 2014/2157(INI)
Amendment 93 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers that the transmission mechanism is not functioning properly, and that the monetary policy tools used by the ECB since the beginning of the crisis, while providing a welcome relief in distressed financial markets, have not been effective in fighting against financial fragmentation, stimulating growth or improving the situation on the labour market, where responsibility at national level is also of decisive importance; encourages the ECB to ensure that its policies are better attuned to the real economy, in particular with regard to SMEs; points out that the effectiveness of the transmission mechanism also depends on whether the private sector reacts to changes in long-term interest rates;
Amendment 112 #
11. Notes that the ECB has announced that it will purchase asset-backed securities (ABS) and covered bonds in order to empower the credit-easing impact of the TLTROs; stresses that such interventions on ABS market must be conducted in a transparent manner that does not create excessive risks for the ECB’s balance sheet; calls in this connection for framework conditions for an ABS buyers' market;
Amendment 151 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Recalls that monetary policy alone cannot stimulate aggregate demand unless it is complemented by adequate fiscalbudget rationalisation throughout and structural national reforms and policies;