Activities of Engin EROGLU related to 2019/2129(INI)
Plenary speeches (1)
European Central Bank - annual report 2018 (debate)
Amendments (21)
Amendment 28 #
Motion for a resolution
Recital F
Recital F
F. whereas a stronger role of the euro, and its increased use as a reserve currency, would increase the EU’s ability to frame its policy stance independently vis-à-vis the US and the Federal Reserve and would ultimately provide protection from the risk of an uncooperative US approach;
Amendment 46 #
Motion for a resolution
Recital H a (new)
Recital H a (new)
Ha. whereas Economic Areas that have low interest rates for a long time tend to have low growth rates and big Problems with "Zombie firms";
Amendment 50 #
Motion for a resolution
Recital H b (new)
Recital H b (new)
Hb. whereas the ECB stopped issuing 500 EUR bank notes in April 2019;
Amendment 87 #
Motion for a resolution
Paragraph 4
Paragraph 4
Amendment 98 #
Motion for a resolution
Paragraph 5 – indent 1
Paragraph 5 – indent 1
Amendment 105 #
Motion for a resolution
Paragraph 5 – indent 2
Paragraph 5 – indent 2
Amendment 118 #
Motion for a resolution
Paragraph 5 – indent 3 a (new)
Paragraph 5 – indent 3 a (new)
- The respect of a market-driven economy that refrains from protectionism;
Amendment 119 #
Motion for a resolution
Paragraph 5 – indent 3 b (new)
Paragraph 5 – indent 3 b (new)
- The respect of the rule of law;
Amendment 125 #
Motion for a resolution
Paragraph 5 – indent 4
Paragraph 5 – indent 4
Amendment 128 #
Motion for a resolution
Paragraph 5 – indent 4 a (new)
Paragraph 5 – indent 4 a (new)
- No negative interest rates, as it makes the currency less likely to be used as a liquidity reserve;
Amendment 153 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Notes that low interest rates have led to a reduced pressure on Member States to implement structural reforms and thus are a key reason for the lack of Reforms in several Member States;
Amendment 155 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Underlines the need to monitor the impact that the current monetary policy stance might have on asset prices;
Amendment 158 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Notes that the negative effects on banks’ net interest income have been counterbalanced so far by the benefits from more bank lending and lower costs for provisions and locreates big problems especially for small banks that refrain from investing in riskier asset classes;
Amendment 163 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Underlines that a key reason for many economic crisis has been a negative real interest rate in the time before the crisis, and therefore notes that the negative real interest rates might contribute to asset price bubbles;
Amendment 167 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Underlines that while very low or negative interest rates offer opportunities to consumers, workers and borrowers, who can benefit from stronger economic momentum, lower unemployment and lower borrowing cosit creates huge problems for small savers, pension systems and people saving for their retirements;
Amendment 176 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Underlines that cash is still an important payment method and thus calls the ECB to not ban cash payments and to continue to issue all current bank notes including the 200 EUR notes;
Amendment 179 #
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 191 #
10a. Notes that due refraining from increasing interest rates during boom times, the ECB is limited in the options to reduce interest rates in bust times.
Amendment 231 #
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 264 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Calls on the ECB to monitor and quantify the negative side effects of its open market policy and negative interest rate policy;
Amendment 293 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Recalls that the nominations of Executive Board members should be prepared carefully, with full transparency and together with Parliament in line with the Treaties; calls on the Council to draw up a gender-balanced shortlist for all current and upcoming vacancies and to share it with Parliament, thus allowing it to play a more meaningful advisory role in the appointment process; regrets that to date no satisfactory progress has been madhire the most qualified people no matter which gender they are;