Activities of Frances FITZGERALD related to 2019/2129(INI)
Plenary speeches (1)
European Central Bank - annual report 2018 (debate)
Amendments (6)
Amendment 15 #
Motion for a resolution
Recital A
Recital A
A. whereas according to the Commission’s SummerAutumn 2019 Economic Forecast, the latest figures of 2019 reflect a slowdown from the higher levels of GDP growth in the euro area in 2018, from 1.9 % to 1.21 % in 2019, and in the EU-27, from 2.1 % in 2018 to 1.4 % in 2019, owing to a weaker impetus from external trade uncertainties;
Amendment 69 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Is concerned that after a short economic recovery, euro area growth momentum has slowed markedly to 1.21 % of GDP in the euro area and to 1.4 % of GDP for the EU-27; underlines, therefore, the need for monetary policy to remain accommodative for the foreseeable future;
Amendment 149 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Notes that the 33% issuer limit applied to the ECB's Quantitative Easing Programme may restrict the ECB's ability to purchase the bonds of several Member States; considers that this issuer limit may require changes given that the renewed Quantitative Easing programme is open- ended and may require bond purchases that go beyond the 33% limit for some Member States; notes that the Quantitative Easing programme was designed to purchase Member State bonds proportionally on the basis of the size of an economy and population;
Amendment 168 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Underlines that very low or negative interest rates may offer opportunities to consumers, workers and borrowers, who can benefit from stronger economic momentum, lower unemployment and lower borrowing cost in some Member States; also notes that the low interest rate environment presents challenges for savers and pensioners due to low returns;
Amendment 247 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls for the capital markets union (CMU) project to be accelerated in order to deepen financial integration, with a view to improving resilience to shocks and making the transmission of monetary policy across the monetary union more effectiveto allow for effective mobilisation of capital in Europe to help promote sustainable growth in the real economy to the benefit of all citizens and to improve financial stability and the Union's resilience to shocks;
Amendment 292 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Considers that the ECB should allow sufficient access to documents and information for European Court of Auditors (ECA) audits related to banking supervision; in this context, welcomes the Memorandum of Understanding between the ECA and the ECB of October 2019 setting out the practical arrangements for sharing information during the ECA’s audits of the ECB’s supervisory activities;