5 Amendments of Damian BOESELAGER related to 2023/2063(INI)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Notes that the Union economy is expected to gradually recover in 2024, with a forecast growth of 1.3 % of GDP and a generally robust labour market while inflation is expected to remain substantially above 2% (3.5% in 2024 and 2.4% in 2025); points, however, to the various risks and uncertainties, which put a strain on European businesses, public finance and people, and affect some Member States more than others; is particularly concerned about the continuous impact of energy prices and inflation on the purchasing power of households, resulting in energy poverty and increased risk of poverty for many Europeans, and on the ability to perform of EU companies;
Amendment 7 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. notes the Commission estimate that more than 450 billion EUR of annual additional investment will be needed for the next decade to keep the Union on track for the implementation of the Green Deal in order to achieve climate neutrality by 2050 at the latest; consequentially believes that an increase of public investment is therefore urgently needed; recalls that while some Member States have trouble mobilising public investment for economic reasons, others have trouble doing so for legal reasons; proposes therefore to invest jointly via the EU level to reduce pressure on national budgets and ensure the delivery of EU policy priorities; calls for a Green Transition Facility/RRF 2.0 based on mutualised debt and joint borrowing on scale and in line with the additional investment needs;
Amendment 12 #
Draft opinion
Paragraph 2
Paragraph 2
2. Takes note of the proposed reform of the economic governance framework of the Union; believes that the new framework should ensure clear and flexible implementation and provide the adequate fiscal space for Member States to invest in the EU’s strategic priorititwin transitions and the EU’s strategic priorities; stresses that underinvestment in climate mitigation policies will aggravate debt sustainability and raise debt/GDP ratios as climate disruption leads to dramatic revenue losses; recalls its position that an EU-level permanent crisis instrument will contribute to ensuring a sufficiently high level of strategic investment and an appropriate fiscal stance at the aggregate level;
Amendment 17 #
Draft opinion
Paragraph 3
Paragraph 3
3. Stresses the success of the Recovery and Resilience Facility (RRF) in supporting the recovery of EU economies andnotes its positive impact on the implementation of the country-specific recommendations and on investments in EU priorities; welcomes the Commission’s estimate that the full implementation of quantifiable milestones and targets up until the end of 2026 funded by NGEU Green Bonds, corresponding to 57% of the NGEU Green Bond eligible expenditure, can reduce GHG emissions by 44 million tonnes of CO2 per annum– equivalent to 1.2% of aggregate 2022 EU GHG emissions - and insists on proper implementation; stresses furthermore the importance that reforms and investments under the Recovery and Resilience Plans meet the climate targets of the regulation and fully respect the “do no significant harm” principle; welcomes the fact that most Member States have submitted revised national plans, including REPowerEU chapters; stresses that investments in line with European objectives, notably those of the RRF and REPowerEU, should be treated favourably for the calculation of excessive debt;
Amendment 28 #
Draft opinion
Paragraph 4
Paragraph 4
4. Recalls that the substantial increase in interest rates has driven up the borrowing costs for the European Recovery Instrument (EURI); reiterates,calls that repayment of the debt is non-discretionary spending and calls for a stable and predictable solution for the refore, its call forpayment of NGEU borrowing costs over and above the ceilings; insists on rapid progress on the introduction of new own resources; strongly supports the Commission proposal for a EURI instrument outside the ceilings of the multiannual financial framework to cover the excess costs for interest payments;