Activities of Billy KELLEHER related to 2019/2129(INI)
Plenary speeches (1)
European Central Bank - annual report 2018 (debate)
Amendments (13)
Amendment 27 #
Motion for a resolution
Recital F
Recital F
F. whereas a stronger role of the euro, and its increased use as a reserve currency, would increase the EU’s ability to frame its policy stance independently vis-à-vis the US and the Federal Reserve and would ultimately provide protection from the risk of an uncooperative US approach;
Amendment 104 #
Motion for a resolution
Paragraph 5 – indent 1
Paragraph 5 – indent 1
- The deepening of the European Monetary Union, including a fiscal capacity for the euro area able to providinge a counter-cyclical stabilisation function whilst ensuring that Member States follow a sound budgetary policy;
Amendment 118 #
Motion for a resolution
Paragraph 5 – indent 3 a (new)
Paragraph 5 – indent 3 a (new)
- The respect of a market-driven economy that refrains from protectionism;
Amendment 119 #
Motion for a resolution
Paragraph 5 – indent 3 b (new)
Paragraph 5 – indent 3 b (new)
- The respect of the rule of law;
Amendment 155 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Underlines the need to monitor the impact that the current monetary policy stance might have on asset prices;
Amendment 161 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Notes that the negative effects on banks’ net interest income have been largely counterbalanced so far by the benefits from more bank lending and lower costs for provisions and losses;
Amendment 171 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Underlines that while very low or negative interest rates offer opportunities to consumers, workers and borrowers, who can benefit from stronger economic momentum, lower unemployment and lower borrowing costs, it is being perceived in certain Member States as creating problems for small savers and pension systems;
Amendment 189 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Is concerned about the prolonged subdued inflationary pressure, the overreliance on the ECB’s monetary policy to sustain growth and its increasingly limited options under its current toolbox;
Amendment 193 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
Amendment 196 #
Motion for a resolution
Paragraph 10 c (new)
Paragraph 10 c (new)
10c. Underlines the importance of cooperation between central banks, both in the European Union and at a global level, for the achievement of the inflation targets in the medium term;
Amendment 216 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Takes good note of Christine Lagarde’s declaration of 4 September, in which she welcomed the ECB’s collaboration in the Network for Greening the Financial System (NGFS) and commitment to contribute to facinge the challenges which climate change poses by implementing the NGFS’s recommendations and acting oin them substantively wherever possible without underminingfull respect of the ECB’s price stability mandate and other objectives;
Amendment 260 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls on the ECB to increase its monitoring of the development of crypto- currencies and the increased risks in cyber-securirisks in cyber-security and the development of crypto-assets, especially those that are privately managed, given the challenges they pose to the European Union's monetary sovereignty;
Amendment 266 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Calls on the ECB to ensure an appropriate balance between allowingppropriate regulatory constraints, allowing financial innovation in Fintech and ensuring financial stability;