Activities of Thomas MANN related to 2017/2124(INI)
Plenary speeches (1)
European Central Bank Annual Report for 2016 (A8-0383/2017 - Jonás Fernández) DE
Amendments (12)
Amendment 32 #
Motion for a resolution
Recital D
Recital D
D. whereas the ECB has missed its 2 % inflation target in each of the four years since 2013 and forecasts that it will not reach this target before 2020; whereas the low rate of inflation is also the result of low energy prices;
Amendment 106 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Recalls that, according to Eurostat, average inflation in the euro zone was just 0.2 % in 2016, while inflation excluding energy prices stood at 0.9 %;
Amendment 151 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Believes that additional policy measures should be considered in order to move closer and more rapidly towards the inflation objective, including an increase in monthly purchases, the inclusion of equity purchases in the APP and the extension of the TLTRO programme to households through zero-coupon perpetual loans; points to the long-term risks of an overly expansive monetary policy, in particular as regards intended action to combat deflation;
Amendment 164 #
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 174 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Asks the ECB to consider complementing its price stability objective with nominal GDP growth targeting; stresses that the paramount objective of the ECB is, in line with its mandate in primary law under the EU Treaties, to ensure price stability and that providing economic policy support is possible only if that mandate remains unchanged;
Amendment 192 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Notes that GDP growth in the Eurozone has been modest, standing at 2 % in 2015 and 1.8 % in 2016, and that the Commission’s Spring 2017 Economic Forecast predicts that GDP growth will remain below 2 % until at least 2019; notes that, in 2017, the euro zone countries are on a robust growth path and that there has been a 2.1% rise, year on year, in GDP; stresses that expectations of an economic recovery cannot take the place of structural reforms;
Amendment 211 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Underlines the positive effect of the ECB monetary policy on growth, employment and the financing costs of Member States, non-financial companies and households; stresses that only sound fiscal policies and structural reforms can ensure sustainable positive economic development;
Amendment 269 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 336 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Acknowledges that the current policy of low interest rates has a positive effect on the level of nonperforming loans (NPLs); calls for a European strategy involving a secondary market for NPLs in order to alleviate the burden of NPLs in some Member States; highlights the risks that a lasting policy of low interest rates poses for savings, life insurance and statutory pension schemes;
Amendment 415 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Welcomes the positive opinion of the ECB on the quick establishment of the European deposit insurance scheme (EDIS) as the third pillar of a fully-fledged banking union; stresses that the EDIS will further help to enhance and safeguard financial stability;
Amendment 472 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. Urges the ECB to support Greece, for example through ensuring the eligibility of Greek companies for the CSPP and the inclusion of Greek sovereign bonds in the APP; stresses that only corporate bonds with an adequate creditworthiness may be purchased;
Amendment 484 #
Motion for a resolution
Paragraph 34
Paragraph 34