16 Amendments of Luis GARICANO related to 2020/2078(INI)
Amendment 10 #
Motion for a resolution
Citation 29 a (new)
Citation 29 a (new)
- having regard to the European Fiscal Boards’ Assessment of the fiscal stance appropriate for the euro area in 2021 of 1 July 2020
Amendment 12 #
Motion for a resolution
Citation 29 b (new)
Citation 29 b (new)
- having regard to the Commission’s communication on Economic governance review of 5 February 2020 (COM(2020)55)
Amendment 30 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas effective structural reforms, accompanied by well-targeted investments and responsible fiscal policies provide a successful compass for preparing the EU for its future and present challenges such as strengthening competitiveness while transitioning to a low carbon economy, the digitalization of our societies, the development of research & innovation, the growth of the labour market based on high quality jobs skills and continuing professional training;
Amendment 42 #
Motion for a resolution
Recital C b (new)
Recital C b (new)
Cb. whereas Council, Commission and Eurogroup accountability to the European Parliament throughout all the stages of the European Semester process is warranted for democratic legitimacy and transparency;
Amendment 44 #
Motion for a resolution
Recital C c (new)
Recital C c (new)
Cc. whereas in 2019 only 5.7% of country specific recommendations have been fully implemented by Member States, 45.9 % have made at least some progress but 48.4% have not been implemented or only with limited progress;
Amendment 57 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes with great concern that, according to the Commission’s Spring 2020 economic forecast, the EU is expected to suffer the deepest recession in its history in 2020 and the euro area GDP will not return to the pre-crisis level before 2022;
Amendment 77 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Notes that governments have adopted more than 4% of euro area GDP in discretionary fiscal measures in 2020 and is of the opinion that these measures will have to be continued also in 2021. Notes that the Next Generation EU initiative may provide an additional fiscal stimulus to European economies of around 1% of GDP over the period of next four years.
Amendment 107 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the swift and strong response to the crisis in the area of monetary and fiscal policy, at both EU and Member State level, as well as the European Recovery Plan; considers it essential that the recovery package is fully aligned with the EU’s new growth strategy, i.e. in accordance with the principles of the European Green Deal (EGD), the European Pillar of Social Rights (EPSR) and the United Nations Sustainable Development Goals (SDGs), and with the - the European Green Deal, which puts sustainability at the centre of its action and aims to protect women’s rights and achieve gender equality; demands that funds and resources be directed to projects and beneficiaries that comply with our Treaty- based fundamental values and that recipient firms protect their workers, pay their fair share of taxes, and refrain from paying out dividends or offering share buy- back schemes aimed at remunerating shareholders;
Amendment 117 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the activation of the general escape clause of the Stability and Growth Pact, and expects that it will remain activated at least until the end of 2021 in order to support the efforts of the Member States to recover from the pandemic crisis and strengthen their economic and social resilience; in the event of a severe economic downturn; notes that for greater effectiveness and credibility, the activation should have provided indications on the timing of and conditions for exit or review and asks the Commission to provide them, based on economic data and output; expects that it will remain activated until the European economy returns to the pre- crisis level of real GDP in order to support the efforts of the Member States to recover from the pandemic crisis and strengthen their economic and social resilience; Calls for a review of the Stability and Growth Pact following of the Covid-19 crisis, to further enable an adequate response to crises while ensuring debt sustainability in the euro area, simplifying its rules and procedures, and improving compliance with them.
Amendment 195 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Proposes a combination ofthat expenditure rules for public non- investment expenditure and a golden rule for public investment which is central to bothtake into account the need to protect and foster growth-enhancing public investment; wishes to see a rapid recovery from the COVID-19 crisis and a transition to a cleaner, socially sustainable and more digital society;
Amendment 203 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Welcomes the refocus of the European Semester Spring Package aimed at providing an immediate economic policy response to tackle and mitigate the health and socio-economic impact of COVID-19 and reboot economic activity; supports the Commission’s announcement of a reform of the European Semester to convert it into a tool to coordinate the recovery measures, framed by the principles of the EGD, the EPSR and the SDGs; is convinced that this has to include the coordination of measures concerning state aid and tax policies; underlines the need for the integration of a new set of binding sustainability and wellbeing indicators and alternative measurements of growth performance; x policies; is also convinced that the reform must 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 Commission to develop a new climate indicator, mirroring the economic indicators, to assess the discrepancy between the structure of Member States’ budgets and Paris-aligned scenario for each of their national budgets; stresses the need for this indicator to provide Member States with an indication on their temperature trajectory within the framework of the Paris Agreement, thus enabling the extended European Semester to provide recommendations on the decrease of their climate debt;
Amendment 208 #
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 224 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Recognises the role that the Commission has allotted to the European Semester in the Recovery Plan; notes, however, that the effectiveness and success of the alignment of Member States’ investment and reform programmes to the Semester process will depend on the progress of the Semester reform and the above-mentioned reformWelcomes linking the Recovery and Resilience Facility (RRF) to the European Semester process, e.g. the alignment of Member States’ investment and reform programmes to the Country specific recommendations (CSRs); is concerned about Member States’ commitment to the CSRs and requests the Commission to make its methodology of assessing the multi- annual progress on the implementation of the CSRs public; believes that linking disbursements from the RRF to the challenges identified in the CSRs, as well as monitoring the progress made ofn the Stability and Growth Pact; implementation of the reforms and investments via reporting within the European Semester will enhance this commitment.
Amendment 237 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Reiterates its call for the strengthening of Parliament’s democratic role in the economic governance framework, in any upcoming Treaty change and, in the meantime, for an Interinstcluding the policy recommendations presented in the Annual Sustainable Growth Survey, the euro area fiscal package and the Country Specific Recommendations; Notes that the President of the Council, the Commission, the President of the European Council or the President of the Eurogroup may be invited to appear before the competent Committee of the European Parliament to provide information and exchange views on an ad hoc and regular basis if the current political situational Agreement on Sustainable European G warrants it; Invites the Commission to keep both European Parliament and the Council as co-legislators equally well informed on all aspects relating to the application of the EU economic governance gfranting Parliament a right of consmework, including on preparatory stages and in view of any proposals to reform or enhance; Invites, in the interim, and in order to increase transparency and democratic control of the EU economic governance framework, the Commission, the President of the Eurogroup and the President onf the policy recommendations presented in the Annual Sustainable Growth Survey, the euro area fiscal package and the Country Specific Recommendations; Council (ECOFIN) to appear in front of the competent Committee of the European Parliament, for Economic Dialogues, during the various stages of the application and implementation of the EU economic governance framework; welcomes the commitments of the Eurogroup President to increase the transparency of the Eurogroup and therefore invites the President of the Eurogroup to appear at least twice for a regular dialogue in the competent Committee of the Parliament and if needed on an ad hoc basis; Recognises the importance of the involvement of the Eurogroup President in interparliamentary meetings on matters related to EU economic governance and the banking union;
Amendment 244 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Mandates the Committee on Economic and Monetary Affairs to take action to improve the accountability towards the European Parliament, as the experience gathered so far in applying the European Semester has shown that the current accountability set up could be enhanced in order to improve its legitimacy and effectiveness;
Amendment 273 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Recalls the urgent need to complete and reinforce the EMU architecture with a view to protecting citizens and reducing pressure on public finances during external shocks so as to overcome social and economic imbalances, by creating a fiscal capacity for public investment, a macroeconomic stabilisation and cohesion function for the euro area,ompleting the Banking Union and the Capital Markets Union and advancing towards a credible central fiscal capacity and a European unemployment benefit reinsurance scheme;