[ParlTrack]

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Recital -A (new)

-A. whereas the EU’s low productivity and global competitiveness require urgent structural reforms and fiscal discipline aiming at growth, employment and increased convergence within the EU;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Recital -A a (new)

-A a. whereas in order to achieve sustainable growth the EU needs to shift from rather experimental, unprecedented and unsustainable monetary policies to conventional, evidence based and growth- friendly investment, a comprehensive and non-selective implementation of the SGP, and structural reforms;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Recital -A b (new)

-A b. whereas persisting high levels of public debt represent a drag on growth, greater risk of a fiscal crisis, lower national savings and income and lead to large tax hikes;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Recital -A c (new)

-A c. whereas debt reduction measures have been slow in a number of Member States;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Recital -A d (new)

-A d. whereas five euro area Member States with high debt-to-GDP ratios are forecast to have a sizeable structural deficit in 2020;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Recital A

A. whereas the improve~~ment in the economic situation~~d economic discipline and stability and low interest rates provide an opportunity to implement ~~ambitious~~necessary reforms, in particular measures aimed at encouraging effective public investment ~~to tackle climate change and its social consequences~~ and create full-time jobs;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Recital A a (new)

A a. whereas structural reforms in the Member States are needed in order to create the conditions for sustainable growth;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Recital A b (new)

A b. whereas close to zero interest rates severely distort the intertemporal allocation of capital; whereas a flat yield curve severely damages the traditional borrowing and lending business model of banks and drives them into riskier business activities;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Recital A c (new)

A c. whereas the unemployment rate in the EU is below the pre-crisis level and the unemployment rate in the euro area is still above the pre-crisis level;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Recital C

C. having regard to the need for a European Climate Law with a legally binding goal of reaching net zero greenhouse gas emissions by 2050 at the latest and an intermediate target of at least 65 % for 2030;deleted

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 1

1. Notes that, in view of the climate change emergency, the EU’s Annual Growth Survey (AGS) has now been renamed the Annual Sustainable Growth Survey (ASGS), and considers that this implies a change in the positioning of the report and the implementation of ecological indicators; stresses however that this change must comply with the valid fiscal rules;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE

Motion for a resolution
Paragraph 2

2. Notes ~~the role of the European Green Deal as the EU’s new strategy defining ecological issues and the wellbeing of citizens as principal goals for the Union; notes~~, with regard to the scope of the European Semester, the inclusion of the SDGs and of the principles of the European Pillar of Social Rights (EPSR), which will require the adjustment of existing indicators and the creation of new ones to monitor the implementation of EU economic, environmental and social policies, as well as coherence between policy goals and budgetary means; notes the need to implement long-term planning to tackle climate change;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Bogdan RZOŃCA

3. Considers achieving a fair transition to climate neutrality to be a major responsibility for the EU’s citizens and economy and its role in the world; calls for appropriate support and policies, with involvement for and of the public, the various sectors, regions and Member States with a view to benefiting from this transformation and making it a success; calls on the Commission to undertake an annual evaluation of the Union’s ecological debt, carbon budget and imported emissions;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 4

4. Notes that the euro area is going through a prolonged period of subdued growth (1.1 % in the euro area and 1.4% in the EU as a whole in 2019 with significant differences between Member States from 0.1 % to 5.6 %), with growth in the euro area in 2020 and 2021 forecast at 1.2 % and for the EU in 2020 and 2021 forecast at 1.4 %; also notes that the inflation rate is forecast to further slow down, to 1.2 % in 2019 and 2020, in a context of high uncertainty due to geopolitical tensions and Brexit; is concerned at the high level of both public and private debt;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 5

5. Is concerned that post-crisis investment has been on a downward path in the EU in spite of historically low interest rates, currently standing at 3.4 %, with overall infrastructure investment now at about 75 % of its pre-crisis level; notes that monetary policy of low interest rates has not helped to increase the level of investments to pre-crisis level; whereas 80 % of the shortfall is the result of cutbacks in the public sector, which have occurred particularly in countries subject to adverse macroeconomic conditions and the more severe fiscal constraints imposed on disadvantaged regions already characterised by poor infrastructure quality and weak socio- economic outcomes, but also, and surprisingly, in countries with a large fiscal space;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 5 a (new)

5 a. Emphasises that reliable investment requires a regulatory environment that allows for a return on investment; considers that predictable rules, a level playing field and reduced compliance costs are crucial factors for attracting investment;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK

Motion for a resolution
Paragraph 6

6. Endorses the conclusion of the European Fiscal Board (EFB) that the fiscal framework has not protected the quality of public expenditure, and welcomes the EFB’s proposal for a ‘golden rule’ to protect public investment; calls, therefore, for the reform of the Stability and Growth Pact and the introduction of a golden rule aimed at implementing sound fiscal policy on an equal footing with investment within the EU’s policy objectives; whereas this should cover the investment foreseen for the realisation of the Green Deal, the Digital Revolution, the SDGs and the EPSR Rights, including expenditure aimed at reducing poverty and inequality related to social protection, health services and long-term care, and education and training; highlights that public investments are limited as they represent scarce resources mostly funded by the taxpayers; calls on the Commission to prioritise the public investments according to their efficiency in order to support economic growth;

2020/01/27
Committee: ECON

Eugen JURZYCA, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 7

7. Highlights the problem of too low a level of public investment; calls on the Commission to assess the cost of not taking action in this area, in particular by evaluating the difference between the need for investment and the actual investments made;deleted

2020/01/27
Committee: ECON

Eugen JURZYCA, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 7 a (new)

7 a. Emphasises the fiscal benefits of investment efficiency measurements and investment quality comparison; recommends the Commission to systematically monitor the value for money of EU funded projects and to publish the evaluation criteria to maximise the benefits of public scrutiny;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 7 b (new)

7 b. warns that boosting investment should not be seen as an alternative to productivity-enhancing reforms;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 8

~~8. Calls for a European Green Industrial Strategy;~~deleted

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 8 a (new)

8 a. Notes with concern that the EU share of global foreign direct investments flows have fallen significantly since the crisis;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 8 b (new)

8 b. Stresses that principle of value for money should represent the cornerstone of all EU funded investments; points out that EU funding should be accompanied by measurable objectives and outputs including a quantifiable and comparable evaluation mechanism that will allow to compare and rank the efficiency of individual EU programmes; underlines the importance of accountability and transparency for bodies that receive EU funding;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 9

9. Shares the concern expressed in others of the EFB’s conclusions regarding the pro-cyclical elements in the EU fiscal rules, which forced Member States to adjust their economies in a poor or difficult economic situation, failing to improve the quality of public finance and promote investment; welcomes the EFB’s recommendation of a seven-year cycle mirroring the MFF so as to better coordinate Member States’ public accounts, and especially investment;deleted

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 9 a (new)

9 a. Underlines that implementation of the Green deal shall not distort the long- term sustainability of public finances and shall be in full compliance with the Stability and Growth Pact and with short- term macroeconomic stabilisation;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 10

10. ~~Note~~Regrets that the debt levels of all the Member States are above the pre-crisis level and are expected to exceed 60 % GDP in 2021; further notes that in six Member States the ratio will be higher than 90 %~~; highlights the fact that the fiscal rules have not contributed to bringing down the debt levels of highly indebted countries but have, rather, increased them~~ GDP; underlines that debt levels may be hard to sustain if and when interest rates return to normal levels;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 10 a (new)

10 a. Recalls the need to reduce the levels of public debt to help the European economies to be more resilient to shocks, especially in highly indebted countries; warns about higher financing costs in the future once monetary policy accommodation is reduced, especially in the euro area;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 10 b (new)

10 b. Recalls that growth-friendly structural reforms do not require fiscal space but rather political, legislative and administrative efforts aimed at strengthening market forces and private sector initiatives;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 11

11. ~~Supports flexibility in the implementation of the SGP as proposed by the Commission in 2015; considers that much more flexibility should be introduced in order to boo~~Points out that acquis communautaire and other common measures, including fiscal rules, shall be respected and regrets long last in~~vestment and ecological transition in the EU; calls, therefore, for the reform of the SGP and the introduction of a euro area fiscal capacity~~g selective non-compliance with common EU rules; calls, therefore, for the full and unambiguous implementation of the SGP;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 12

12. Reiterates its call for a European stabilisation function and a European unemployment benefit reinsurance scheme, with a view to protecting citizens and reducing pressure on public finances during external shocks so as to overcome social and economic imbalances;deleted

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 13

13. Notes that the Commission warranted in-depth reviews for 13 Member States identified as having imbalances; supports the suggestion made in the Alert Mechanism Report (AMR) 2020 that a rebalancing of current account deficits and surpluses in the euro area is needed urgently and would be beneficial for all Member Statesnotes that in such environment the required adjustment for some Member States seeking improvement of intra-EU competitiveness becomes much harder to achieve;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK

Motion for a resolution
Paragraph 14

14. Is concerned about the accelerating rise in house prices as a consequence of ECB’s monetary policy;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK

Motion for a resolution
Paragraph 15

15. Recalls the importance of the efficient regulation of the banking and financial sectors in order to prevent a new crisis; ~~believes that such regulation must integrate the ecological situation; emphasises the importance of completing the Banking Union and the need to reform the European Stability Mechanism;~~

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 16

16. CRecalls ~~for~~that qualified majority voting in Council on tax matters would infringe the sovereign Member States competence;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 16 a (new)

16 a. Stresses that to stay competitive with the world, the economic systems of Member States need to stay in competition with one another; therefore asks the Commission for comprehensive assessment of the effectiveness of European tax systems through comparable indicators and voluntary application of best practices among Member States which would take into account differences in European economies, different traditions, different developments and different expectations of its citizens;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Bogdan RZOŃCA

Motion for a resolution
Paragraph 17

17. Calls for the systematic inclusion of tax matters in the Country Specific Recommendations (CSRs), with the aim of ensuring economic coherence across EU Member States as well as the fairness of EU tax systems; believes that the CSRs could ensure a fair balance between sources of revenue and should also include innovative elements aiming at promoting the Green Deal; further; believes that they should also support Member States in tackling tax avoidance and aggressive tax planning;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 17 a (new)

17 a. Recalls that high levels of taxation in Europe are a hindrance to investments and jobs; supports the Commission’s initiatives to achieve increased transparency and a reformed VAT system;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 19

19. Stresses that, according to the EU Labour Force Survey, there are 8.3 million involuntary part-time workers in the EU, two thirds of them women; requests the Commission to undertake a study to analyse the impact of this development on pension systems and public finances taking into account the influence of tax wedge on the share of part-time workers;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK

Motion for a resolution
Paragraph 20

20. Takes note of AMR 2020’s finding that wage growth at euro area level remains below what would be expected at the current levels of unemployment on the basis of historical data, and that this affects the inflation rate; highlights that the currently low productivity and inflation together with structural reforms transferring collective bargaining to the enterprise level are detrimental to wage growth and are leading to greater income inequality and an increase in the numbers of working poor, with in-work poverty affecting almost one in ten workers in Europe; accordingly advocates wage growth;deleted

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK

Motion for a resolution
Paragraph 21

21. Agrees that it is a matter of great concern that income inequality is above pre-crisis levels in some countries~~, being frequently linked to unequal opportunities in access to education, training and social protection~~; welcomes in this regards the efforts of those Member States that are shifting away from the high tax burden on labour in Europe;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 22

22. Underlines the fact that the number of people at risk of poverty or social exclusion stands, on 2017 figures, at 113 million, or 22.5 % of the population and welcomes the decrease to 21.9% in 2018;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 23

23. Stresses that equality between women and men, gender mainstreaming and gender budgeting must become key elements of the European Semester, leading to action on gender pay, gender career development and the gender pension gap (which currently stands at 40 % in the EU);deleted

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 24

~~24. Welcomes the ASGS 2020’s proposals for fostering social and regional convergence towards better living and working conditions in the EU;~~deleted

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 24 a (new)

24 a. Demands the necessary respect for the principles of subsidiarity and proportionality; stresses that in line with the Treaties, Member States must continue to have sufficient flexibility in implementing an appropriate social policy;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 25

25. Highlights the time constraints on the current European semester process, which form an obstacle to full debate and the proper involvement in the process of civil society organisations, social partners, and even national parliaments and the EP, and contribute significantly to the lack of a sense of ownership and implementation; calls for the extension of the semester cycle to a biannual or triannual period, with the possibility of revision in case of major economic shocks;deleted

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 25 a (new)

25 a. Recalls that the focus of the European Semester should be on national ownership;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 26

26. Looks forward to the stronger involvement of the EP and the national parliaments and regional in the European Semester process and to the creation of an institutionalised dialogue with the Commission~~, the social partners, territories and civil society, at both EU and national level~~ and relevant actors, in order to further boost the process’s democratic legitimacy;

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

27. Invites the stakeholders in this necessary next step to create enhanced democratic accountability mechanisms at both EU and national levels, while formalising the scrutiny role of the EP in the European Semester; calls on the Commission and the Member States to enhance the social dialogue, including over the CSRs, and to engage in dialogue with the social partners;deleted

2020/01/27
Committee: ECON

Eugen JURZYCA, Johan VAN OVERTVELDT, Ryszard Antoni LEGUTKO, Roberts ZĪLE, Derk Jan EPPINK, Bogdan RZOŃCA

Motion for a resolution
Paragraph 27 a (new)

27 a. Reminds Member States of the importance of committing to and delivering on the CSRs including recommendations of the European Court of Auditors;

2020/01/27
Committee: ECON

49 Amendments of Eugen JURZYCA related to 2019/2211(INI)

ParlTrack - 2011-2024