30 Amendments of Olivier CHASTEL related to 2021/2061(INI)
Amendment 9 #
Motion for a resolution
Citation 17 a (new)
Citation 17 a (new)
– having regard to the Commission’s Action plan for a comprehensive Union policy on preventing money laundering and terrorism financing (C(2020)2800),
Amendment 12 #
Motion for a resolution
Citation 17 b (new)
Citation 17 b (new)
– having regard to the European Parliament’s resolution on a comprehensive Union policy on preventing money laundering and terrorist financing - the Commission’s Action Plan and other recent developments (B9-0207/2020),
Amendment 13 #
Motion for a resolution
Citation 19 a (new)
Citation 19 a (new)
– having regard to the Commission’s Communication of 6 December 2017 Further Steps Towards Completing Europe’s Economic and Monetary Union: A Roadmap (COM(2017)821),
Amendment 20 #
Motion for a resolution
Recital A
Recital A
A. whereas the European Semester plays an essential role in coordinating economic and budgetary policies in the Member States which, primarily, serves to ensure sound public finances, to prevent excessive macroeconomic imbalances, to support structural reforms and to boost investment;
Amendment 70 #
1. Notes that the European economy is recovering from the devastating impact of the global pandemic; remains concerned about low growth potential compared to other regions in the post-pandemic recovery, underlines the crucial importance that the timely policy interventions and unprecedented and ambitious Next Generation EU recovery package have played and will continue to play in mitigating the impact on the European economy of the devastating global pandemic; remains concerned about low growth potential compared to other regions in the post-pandemic recovery and calls for a continued expansionary fiscal stance for as long as needed to support the recovery from the COVID-19 pandemic and drive the transformative changes making the economies greener, more digital and inclusive, while ensuring fiscal sustainability in the medium term; warns against a premature withdrawal of support and agrees with the Commission’s recommendation that fiscal policy should remain agile and adjust to the evolving situation as warranted; considers that the fiscal support measures should become more targeted as the recovery progresses; supports policies that are tailored to the stage of the pandemic, the path to the economic recovery and to countries’ individual circumstances;
Amendment 74 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that the European economy is recovering faster than expected from the devastating impact of the global pandemic; remains concerned about low growth potential compared to other regions in the post-pandemic recovery;
Amendment 88 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Points out that the roll-out of the temporary Recovery and Resilience Facility (RRF) will help to make EU economies and societies more sustainable, inclusive, resilient and better prepared for the green and digital transitions; notes that the facility, which is the centrepiece of NextGenerationEU, will provide large- scale financial support to Member States of up to EUR 672.5 billion in grants and loans to finance reforms and investments;
Amendment 91 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Welcomes the unprecedented and ambitious action of the roll-out of NGEU, believes that the syndicated European bond issuance represents crucial progress for the European Union’s ability to realise its responsibilities, as laid down in the Article 3 TEU and to respond to citizens’ expectations;
Amendment 93 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Recalls that the debt issued to finance the Recovery and Resilience Fund is to be repaid by 2058, in a manner that ensures the steady and predictable reduction of liabilities;
Amendment 95 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Is pleased that economic growth levels are rebounding even though the resources of the RRF have not yet been invested, demonstrating the resilience of the European economy;
Amendment 97 #
Motion for a resolution
Paragraph 3 c (new)
Paragraph 3 c (new)
3c. Recognizes the European solidarity underlying the establishment of the RRF; stresses in this regard the importance of Country Specific Recommendations linked to the approval of national recovery and resilience plans;
Amendment 101 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Is pleased that, according to the Commission, economic activity in the EU is expected to pick up in all Member States, with acceleration as of the second half of 2021, as containment measures are gradually relaxed and vaccination progresses, reflecting the growth impulse stemming from the expected implementation of the national recovery and resilience plans; remains concerned, however, that the speed of the recovery will vary across Member States and regions;
Amendment 113 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Notes that the general escape clause of the Stability and Growth Pact will continue to be applied in 2022 and is expected to be deactivated as of 2023; notes, furthermore, that the decision to deactivate the general escape clause should be taken as an overall assessment of the state of the economy based on quantitative criteria, with the level of economic activity in the EU compared to pre-crisis levels as the key quantitative criterion; stresses, however, in this regard, the importance of the evolution of the health, social and economic situations across the EU and the euro area economy; points out that country-specific situations will continue to be taken into account after the deactivation of the general escape clause;
Amendment 129 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Is concernedTakes note, following the exceptional measures taken during the unprecedented circumstances of a global pandemic to ensure financial and economic stability, that according to the baseline scenario of the Commission’s latest Debt Sustainability Monitor, the debt ratio in the euro area is to peak at 104.6 % in 2024 and 2025, while the debt ratio in the Union is to peak at 96.5 % in 2024, before declining once again;
Amendment 148 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Highlights that fiscal policy should remain agile and adjust to the evolving situation as warranted, and that a premature withdrawal of fiscal support should be avoided; warns against taking back fiscal support too soon as this could permanently damage the European economy; further highlights the expectation that economic activity will gradually normalise in the second half of 2021 and agrees that Member States’ fiscal policies should become more differentiated in 2022, duly taking into account the state of the recovery, fiscal sustainability and the need to reduce economic, social and territorial divergences;
Amendment 163 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that Member States, especially those with higher debt levels, should use all of the RRF to´s financial allocation to provide additional investment to support the recovery, while pursuing a prudent fiscal policy; stresses the importance of the Member States using the potential of the RFF to; stresses the importance of taking full advantage of the RRF´s potential to address critical bottlenecks, support the necessary structural changes and the transformation into more globally competitive, future-proof, agile industreconomies; agrees that the growth of nationally financed current expenditure should be kept under control and be limited for Member States with high debt, allowing fiscal measures to maximise support to the recovery without pre- empting future fiscal trajectories and creating a permanent burden on public financesclosely monitored;
Amendment 167 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that Member States with high debt should use the RRF to finance additional investment to support the recovery in order to benefit from a lower interest rate, while pursuing a prudent fiscal policy; stresses the importance of the Member States using the potential of the RFF to support the necessary structural changes and the transformation to more globally competitive, future-proof, agile industries; agrees that the growth of nationally financed current expenditure should be kept under control and be limited for Member States with high debt, allowing fiscal measures to maximise support to the recovery without pre-empting future fiscal trajectories and creating a permanent burden on public finances;
Amendment 184 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that environmental sustainability, productivity, fairness, fiscal discipline and macroeconomic stability remain the guiding principles of the EU’s economic agenda; stresses, furthermore, that the digital transformation of our societies, businesses and economies is crucial in order to increase Europe’s productivity and competitiveness for a robust recovery, in line with the Digital Decade;
Amendment 187 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Welcomes the European Green Deal as the EU’s new sustainable growth strategy bringing together four dimensions: environment, productivity, stability and fairness, enabled by digital and green technologies, an innovative industrial base and strategic autonomy;
Amendment 188 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Calls on the Member States to take action to further tackle tax fraud, tax avoidance, and tax evasion, as well as money laundering; looks forward to the Commission’s legislative proposals expected in 2021 on these matters;
Amendment 194 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Highlights that the RRF is an unprecedented opportunity for all Member States to address key structural challenges and investment needs, while embracing the green and digital transitions; Reiterates Parliament´s calls for the Commission to ensure balance between reforms and investments and consistency of the national plans, including new reforms, with existing achievements and challenges identified in the relevant CSR1a; _________________ 1a (2021/2738(RSP), paragraph 29.
Amendment 209 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Calls for a focus on fiscal structural reforms, including reforms enhancing efficient spending, and acknowledges that high-quality public finance resource management is crucial; Asks the Commission to thoroughly assess the arrangements proposed by the Member States to prevent, detect and correct corruption, fraud and conflicts of interest when using the funds provided under the RRF and to give a particular attention in this context that the national plans include all necessary reforms, together with relevant milestones and targets, in particular related to the relevant CSRs, where appropriate; urges the Commission to monitor very carefully the risks to EU financial interests in the implementation of the RRF of any breach or potential breach of the principles of the rule of law, with a detailed and in particular attention to public procurement; expects the Commission not to proceed with any payments under the RRF if milestones linked to measures to prevent, detect and correct corruption, fraud and conflicts of interest when using the funds provided under the RFF are not met5a; _________________ 5a (2021/2738(RSP), paragraph 42.
Amendment 227 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the fact that the updated New European Industrial Strategy, the European Digital Strategy and all the other relevant strategies set out the framework forCommission´s intentions to speeding up Europe’s recovery and transition towards a cleaner, more digital, and more resilient economic and industrial model, as well as for building a stronger and more resilient single market;
Amendment 233 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Highlights that tackling structural challenges is crucial for a sustainable recovery and continued growth, and that implementing reforms to address structural vulnerabilities is key not only to improving the ability to withstand and cope with existing challenges but also to accomplishing the twin transitions in a sustainable and fair manner; Insists that all reforms and investments must be linked to milestones, targets and costing that are relevant, clear, detailed and adequately monitored, and in particular that ensure full compliance with the RRF Regulation and the EU acquis, representing clear commitments from Member States2a; is concerned about the fact that many national recovery and resilience plans focus on short-term investments3a; insists that the Commission devote particular attention to ensuring that the proposed reforms are genuine, new and more ambitious, starting as soon as possible4a; _________________ 2a (2021/2738(RSP), paragraph 35. 3a (2021/2738(RSP), paragraph 17. 4a (2021/2738(RSP), paragraph 28.
Amendment 242 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Is concerned that the Commission identified macroeconomic vulnerabilities related to imbalances and excessive imbalances in 12 Member States; is particularly worried that the nature and source of Member States’ imbalances remain largely the same as prior to the pandemic; calls on the Member States to take advantage of the unprecedented opportunity provided by the RRF to significantly reduce existing macroeconomic imbalances, in particular by including ambitious reform measures in the national plans of all Member States; stresses that sound execution is essential to make full use of this opportunity;
Amendment 254 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. WishNotes that the Commission had presentedCSRs for 2021 were issued in an omnibus report due to the exceptional circumstances linked to the pandemic; notes that targeted and tailor made CSRs forin 2021, instead of identical CSRs for all Member States, which could have focused on2 could focus on commitments related to the RRF as well as areas not covered by the scope of the RRF;
Amendment 284 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Regrets the fact that the Commission has not promoted fiscal CSRs that promote medium-term fiscal sustainability, despite the fact that the activation of the general escape clause obligesNotes that the Omnibus report on CSRs for 2021 promote medium-term fiscal sustainability, ensuring that Member States do not to endanger fiscal sustainability in the medium term;
Amendment 289 #
Motion for a resolution
Subheading 3 a (new)
Subheading 3 a (new)
Parliament´s proposals
Amendment 291 #
Motion for a resolution
Paragraph 20 b (new)
Paragraph 20 b (new)
20b. Recalls the urgent need to complete and reinforce EMU´s architecture with a view to protecting citizens and reduce pressure on public finances during external shocks so as to overcome social and economic imbalances, by completing the Banking Union and the Capital Markets Union and advancing towards a credible fiscal capacity and a European Unemployment Reinsurance Scheme;
Amendment 295 #
Motion for a resolution
Paragraph 20 c (new)
Paragraph 20 c (new)
20c. Calls on the European Commission to extend, without weakening the current EU economic governance process, the European Semester by complementing the current approach, based on fiscal and budgetary discipline, with climate and environmental discipline; calls therefore on the European Commission to develop a new climate indicator, mirroring the economic indicators, to assess the discrepancy between the structure of Member States’ budget and a Paris-aligned scenario for each of their national budgets; stresses the need for this indicator to provide Member States with an indication on their trajectory of temperature under the framework of the Paris Agreement, thus enabling the extended European Semester to provide recommendations about the decrease of their climate debt;