5 Amendments of Nicola BEER related to 2020/2075(INI)
Amendment 172 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Highlights that debt levels have increased and that some Member States already have a sizeable debt legacy; notes that circumstances have changed since the Maastricht criteria were defined and that inflation and interest rate levels are considerably lowererefore asks for a Maastricht 2.0, including automatic financial and non- financial sanctions against Member States with excessive deficits;
Amendment 228 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Calls for the application of a 'Maastricht 2.0' including automatic sanctions against Member States based on an excessive deficit procedure that cannot be politically undermined. The disbursement of cohesion funds should be linked to compliance with the fiscal compact by the respective member state. In addition, non-financial sanctions must also be possible, such as the suspension of voting rights in the Economic and Financial Affairs Council;
Amendment 249 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Calls on the European Commission to ensure that the indicator for fiscal sustainability ("S2"), which is regularly calculated by the European Commission, becomes a binding and sanctioned component of the assessment of national budgets within the framework of the Stability and Growth Pact;
Amendment 284 #
21. Proposes, in line withTakes note of the proposal of the EFB, for ‘one general escape clause, triggered based on independent economic judgement’' but asks for further clarification on the independent body, how and from whom it will be selected and asks the EFB in this context to further define the term "independent", in particular with a view on external bodies;
Amendment 298 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. SharRefuses the EFB’s opinion that sustainable growth-enhancing public investments should be exempt from the expenditure rule, in particular those investments that are aligned with the EU’s long-term objectives of the NGEUconcept of a golden rule implying investments can be financed through debts while anticipating they were "financing themselves" through generating higher growth in the long run; Reminds of Germany’s quadrupling tax level from 1970 to 2010, from 17.8 to 78.4 percent of GDP under the golden rule, as a really bad example;