1 Amendments of Clotilde ARMAND related to 2019/0161(COD)
Amendment 53 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. On a recommendation from the Commission and after discussion in the Eurogroup, the Council shall establish, as part of the euro-area recommendation and on an annual basis, the strategic orientations for the reform and investment priorities of the euro area. , taking into account the broader perspective of guaranteeing cohesion and convergence among all the Member States, including those who do not belong to the euro area. Since this instrument is financed from the Union budget and should therefore serve the interests of all the Member States by means of their participation in the Multiannual Financial Framework, it should avoid putting non-euro area states into a disadvantageous competitive position. To this end, the Commission shall perform checks and consultations.