17 Amendments of Aurore LALUCQ related to 2020/2075(INI)
Amendment 23 #
Motion for a resolution
Recital A (new)
Recital A (new)
A. whereas the EU has committed to climate neutrality by 2050 and it is the ECB’s mission to help achieve it ; Whereas the missions of the ECB are not limited to price stability but also include the safety and soundness of the banking system and the stability of the financial system;
Amendment 51 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the Commission communication of 3 March 2021 entitled ‘One year since the outbreak of COVID- 19: fiscal policy response’ and takes note of the proposed conditions for deactivating the general escape clause (GEC); highlights that deactivation of the GEC should be conditional upon the health, social and economic situation across Member States in order to ensure that fiscal support is provided for as long as needed; Recalls that a continued strong fiscal stimulus is needed to support recovery;
Amendment 68 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Agrees with the European Fiscal Board (EFB) on the importance of having a clear pathway towardsrequirement of having a reformed fiscal framework prior to the deactivation of the GEC;
Amendment 79 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Considers that economic indicators and adjustment paths need toshould be interpreted with cautiously,n and therefore calls for the code of conducta revision of the Stability and Growth Pact to be revised vis-à-vis the benchmarks needed to calculate such adjustment needs and paths; stresses that fiscal guidance should avoid pro-cyclical biases, promote upward convergence and counteract macroeconomic imb's code of conduct ; considers that the Stability and Growth Pact's code of conduct has lost its relevance in the context of necessary structural investments in ecological ances; calls for special accounting treatment for loans from Next Generation EU (NGEU) related spendingd social transition and can no longer be used as a guide for European public policies;
Amendment 97 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls for fiscal policy to enhance the capacity of our economies, not to hold them back. Stresses that the fiscal framework must support the objectives of full employment and environmental protection set out in the EU Treaty;
Amendment 102 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Calls on the Member States to embed the high-integrate quality fiscal support into credible medium- and long-term frameworks, beartaking in mindto account that emergency measures are temporary, limited and targeted; cthat achieving the 2050 carbon neutrality target, preserving biodiversity and respecting fundamental social rights will require a targeted and sustainable budgetary effort over several decades; Calls on the Member States to monitor the fiscal risks, namelyincluding contingent liabilities, as appropriatewell as the short- and long-term risks to public finances in the event of insufficient action to combat climate change and protect biodiversity;
Amendment 109 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Notes that several banking institutions have already recognized the existence of a climate-related financial systemic risk(Federal Reserve, Bank of England, BIS); Calls on the ECB to recognize the systemic risk posed by climate change to financial stability and to present a clear roadmap with a detailed presentation of its actions to tackle these risks;
Amendment 142 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Stresses that national fiscal policies, together with Community policies, will be decisive in achieving the social, carbon neutrality and environmental protection objectives, in particular those relating to biodiversity; to this end, national budgetary policies, public spending and taxation, must support public policies in the key sectors of the transition, namely renewable energies, mobility and freight, thermal insulation of buildings, agriculture, the circular economy, and the industrial sectors that emit the most greenhouse gases;
Amendment 143 #
Motion for a resolution
Paragraph 8 b (new)
Paragraph 8 b (new)
8b. Recalls the European Union's commitments and responsibility in the global fight against climate change; recalls that climate change is already having serious social, economic and fiscal consequences; stresses that failure to combat climate change would only worsen these consequences and could lead to catastrophic and irreversible scenarios;
Amendment 160 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Calls for an appropriate fiscal, supervisory and monetary policy mix that work together towards achieving the EU’s objectives;
Amendment 194 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Recalls the importance of growth- enhancing policies and publicpolicies to support decent and sustainable activities and jobs as well as the investments aimed at increasing growth potential and achieving the EU’s objectivesnd transfers necessary for households to achieve the carbon neutrality of the European economy in 2050 with social justice;
Amendment 237 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for the renewed fiscal framework to promote sustainability and cyclical stabilisation and to improve the quality of public exspenditure through sustainable investments and reformsng by supporting sectoral policies geared to the objectives of transforming the European economy toward social justice and the ecological transition ; calls for well-defined, transparent, simple, flexible and enforceable rules embedded in a credible and democratic framework that take into account the specificities of Member States and promote upward economic and social convergence;
Amendment 261 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Proposes an expenditure rule with a ceiling20 on nominal public expenditure whenthat the assessment of current government deficits take into a ccountry’s public debt exceeds a certain threshold; _________________ 20A ceiling fixed for 3-5 years that would depend the serious risks posed by delays in the ecological transition to the sustainability of the European economy, and hence its public finances; calls on the suspension onf the expected potential output growth, expeccurrent spending rules in order to promoted inflation and the distance from the debt anchor.vestment and fulfil our ecological objectives;
Amendment 271 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Notes that the country-specific path outcome should result from a discussion between each Member State and the Commission, after a consultation with the EFB in the context of the European Semester; conside, taking into account in particular a set of indicators tchat the expenditure rule should also include a correction mechanism to remove cyclical itemracterising employment and the risks of underemployment, the level of activity and investment, the risk of price deflation or an acceleration of inflation and the pressures on natural resources;
Amendment 280 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Underlines that expenditure rules allow for automatic stabilisers to operate and are under the direct control of the government; argues that while potential output growth is unobservable and has to be estimated, it is less likely to be subject to revisions than the output gapStresses the importance of automatic stabilisers in the face of rising uncertainties; calls on the Member States to strengthen these stabilisers, in order to better protect the most vulnerable in future crises;
Amendment 300 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Shares the EFB’s opinion that sustainable growth-enhancing publicpublic expenditures and investments, specifically environment and biodiversity protection investments, should be exempt from the expenditure rule, in particular those investments that are aligned with the EU’s long-term objectives of the NGEU; and that lower sustainability-related fiscal risks ;stresses that stabilising this category of public spending will make a significant contribution to stabilising private investors' expectations and commitment to transforming the economy;
Amendment 395 #
Motion for a resolution
Paragraph 30
Paragraph 30
30. Calls for a renewed European Semester as the main economic and social policy coordination framework supporting the EU’s long-standing goals of sustainability and upward convergence with stronger national ownership; calls for this renewed European Semester to build stronger bridges with environmental governance processes (such as Governance of the Energy Union and Climate Action) and the European Pillar of Social Rights, to favour related expenditures and reforms; calls for more rigorous democratic scrutiny and for Parliament’s full involvement in defining the overarching goals and the guidance;