Activities of Eugen JURZYCA related to 2023/2063(INI)
Shadow reports (1)
REPORT on the European Semester for economic policy coordination 2024
Amendments (25)
Amendment 3 #
Motion for a resolution
Citation 5
Citation 5
Amendment 6 #
Motion for a resolution
Citation 15
Citation 15
Amendment 10 #
Motion for a resolution
Citation 16
Citation 16
Amendment 15 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the European Semester plays an essential role in coordinating economic and budgetary policies in the Member States;
Amendment 18 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas the EU’s low productivity and global competitiveness require urgent structural reforms and return to fiscal discipline in order to create conditions for strong and sound economic growth;
Amendment 30 #
Motion for a resolution
Recital D
Recital D
D. whereas the debt-to-GDP ratio is expected to decrease to 83.1 % in the EU (90.4 % in the euro area); whereas the debt-to-GDP ratio is expected to marginally decline in the EU to around 82.7 % in 2024 and 82.5 % in 2025; whereas long-term debt-to-GDP projections are significantly above the maximum reference value of 60 % of debt-to-GDP ratio as defined by the TFEU;
Amendment 34 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
D a. whereas at the beginning of an inflationary period, public debt-to-GDP ratio tends to decrease, reflecting the initial impact of inflation on the real value of outstanding debt; whereas towards the later stages of an inflationary period interest rates eventually surpass the inflation rate, resulting in increasing interest costs for debt-refinancing, and thus increasing the overall public debt-to- GDP ratio;
Amendment 40 #
Motion for a resolution
Recital D b (new)
Recital D b (new)
D b. whereas high levels of public debt represent a drag on the economy, greater risk of a fiscal crisis, lower national savings and income and lead to large tax hikes;
Amendment 47 #
Motion for a resolution
Recital F
Recital F
F. whereas EU fundingtightening of the monetary policy has proven to be an essential tool to provide macroeconomic stabilisation at EU level and increase its internal and external resilience in times of crisis while EU funding has been supporting Member States in financing necessary investments in EU priorities to tackle current and future challenges;
Amendment 71 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Recognises the efforts of the European Central Bank (ECB) to bring the inflation rate down in the euro area; considers rises in interest rates to only partialsignificantly address the reasons for the hikes in inflation and that adequate and coordinated fiscal, structural and regulatory policies and reforms complementing the ECB’s monetary policy actions are needed;
Amendment 81 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that a lack of public and private investments in certain Member States is hindering the potential of sustainable growth; recognises that public investments are limited as they represent scarce resources mostly funded by the taxpayers; warns that boosting public investment should not be seen as an alternative to productivity-enhancing reforms; emphasises that attracting private 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; highlights that these investments are crucial for the EU’s ability to cope with existing challenges and increase the EU’s resilience and competitiveness during upcoming challenges;
Amendment 88 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Stresses the need to further deepen the Single Market by reducing red tape that hampers the free movement of services, strengthen the financial sector through the completion of the Capital Markets Union, and expedite the negotiations of free-trade agreements between EU and other democratic countries;
Amendment 109 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls that the European Semester is the established framework for coordinating the budgetary, and economic, social and employment policies across the Union in accordance with the Treaties, including the European Pillar of Social Rights, thereby safeguarding its macroeconomic stability and its social cohesion;
Amendment 114 #
Amendment 125 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Shares the view that the 2024 CSRs need to be focused on a limited set of challenges; underlines that CSRs must equally serve to enhance competitiveness, promote the green and digital transitions and ensure social fairness and sound economic growth; stresses that CSRs need to take account of social vulnerabilities;
Amendment 136 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Is concerned that the performance- based financing and verification system of the RRF delivers in practice too little in terms of results and creates too much bureaucracy; recalls for more flexibility to adjust milestones and targets to that according to the European Court of Auditors, introduction of common result indicators would facilitakte account of lessons learned during the implementation process; better monitoring, measurement, evaluation and audit of the implementation of the RRF at EU level, and guide Member States in using their resources more effectively;1a _________________ 1a https://www.eca.europa.eu/ECAPublicatio ns/SR-2023-26/SR-2023-26_EN.pdf
Amendment 152 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. 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;
Amendment 159 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers it necessary to reform and properly and equally enforce the EU fiscal rules and welcomnotes the proposals put forward by the Commission; stresses that the goal of fiscal rules is to restrict fiscal misconduct in the monetary union;
Amendment 169 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Underlines that the reform must lead to a simplification of the framework, be more country-specific and strengthen its enforceability, and enable Member States to meet the public investment needs for the green and digital transitions of their economies without undermining the sustainability of government debt in order to decrease government debts of Member States to sustainable levels;
Amendment 182 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Welcomes that lessons have been learned from the design choices of the RRF in linking national fiscal, reform and investment commitments with EU financial incentives such as grants and loans; greatly regrets that, unlike the RRF, the reform of the economic governance framework lacks the incentive mechanisms to support and promote necessary national policy reforms and investments; is concerned that some Member States will not have the financial capacity to finance the just green and digital transition on their ownconsiders that NextGenerationEU loans should be recorded as national debt;
Amendment 192 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Deplores that the interplay between macroeconomic imbalances and fiscal rules is not sufficiently addressed by the reform proposals; uUnderlines that the financial stability of the EU depends on the macroeconomic balance between Member States’ economies and that restoring such a balance may require structural reforms in order to improve efficiency of public sexpendingtures, increase competitiveness and attract growth-friendly investment;
Amendment 198 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Acknowledges the need to avoid enduring excessive deficits and calls for common rules based on objective criteria as a way to achieve this goal; stresses that, in return, those rules should not preclude temporary deviations from the net expenditure path due to dedicated, justifiable and strategically significant investments realising EU objectives;
Amendment 203 #
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 223 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the fact that the Commission negotiates with the Member States individual fiscal-structural plans; underlines that such an increase in discretionary power for the Commission must be accompanied by increased accountability towards the European Parliamente importance of decreasing public debts to sustainable level referenced in the Treaties and rebuilding fiscal buffers;
Amendment 238 #
17. Recognises that the Economic Dialogue as part of the European Semester lays a useful foundation of accountability, but considers that proper accountability can only be achieved if the European Parliament has accountability instruments that allow it to apply consequences based on its assessment of the performance of the European Semester such as veto rights or holding Commissioners personally responsible;