Activities of Damian BOESELAGER related to 2022/2150(INI)
Shadow opinions (1)
OPINION on the European Semester for economic policy coordination 2023
Amendments (5)
Amendment 3 #
Draft opinion
Paragraph 1
Paragraph 1
1. Underlines the exceptionally uncertain EU economic outlook resulting from the lasting impact of the COVID-19 pandemic and the consequences of the war against Ukraine and the energy and cost of living crisis;
Amendment 7 #
Draft opinion
Paragraph 2
Paragraph 2
Amendment 16 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Reminds that meeting the goals of the European Green Deal and Paris Agreement requires significant and targeted fiscal efforts; stresses the key role that national budgets will need to play in financing the green transition, in the absence of joint funding that would reduce the cost and align incentives as witnessed in the RRF process; highlights the need for an EU Sovereignty Fund to ensure all Member States have the fiscal leeway to accelerate the transition while preserving fair competition in the single market;
Amendment 20 #
Draft opinion
Paragraph 3
Paragraph 3
3. Stresses that the Union budget primarily supports strategic, targeted and growth-enhancing investment and entails a lower risk of inflationary pressure compared to untargeted and extensive national fiscal stimulus; calls on the Commissfor using amortisation ands the Member States, in the revision of the EU economic governance framework, to treat gross national income-basedaccounting method for green and social investments and national co-financing of cohesion funds compliant with Paris agreement spreading the cost of net public investment over the life-cycle of an investment and thus allowing for speeding up of much needed investments; calls for the countributions to the Union budget in the same way as the national investment commitmenty specific debt adjustment paths should be based on key economic variables such as interest rate/growth differentials, initial debt level, composition of public debt stock;
Amendment 25 #
Draft opinion
Paragraph 4
Paragraph 4
4. Is concerned about at the economic impact of the aforementioned crises on the Union budget and on national budgets; stresses that crisis response has led Member States to adopt extensive economic measures; highlights the long- term impact of these measures on economic sustainability, but considers that it should be possible to return to a state of economic discipline in the long run; Agrees with the Commission’s orientations as regard the simplification of the framework, differences in Member States’ fiscal paths, the use of a more comprehensive debt sustainability analysis and the general escape clauses; suggests the European Semester should mirror the medium-term nature of the future economic policy coordination framework; iIs also concerned about the potential impact of the Union’s increasing debt repayment obligations if not appropriately handled; stresses that Union borrowing should not increase further as long as there are no new own resources to cater for debt repaymentnew own resources to cater for debt repayment need to be implemented in urgency, in order to safeguard the integrity of the EU’s budget and policies as well as its financial capacity.