26 Amendments of Pervenche BERÈS related to 2018/0212(COD)
Amendment 46 #
Proposal for a regulation
Recital 3
Recital 3
(3) Member States should conduct their economic policies and should coordinate them in such a way as to attain the objective of strengthening economic, social, and territorial cohesion. Shocks may put at risk this objective while a stabilisation instrument would allow Members States to contribute to it.
Amendment 71 #
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) A stabilisation instrument would avoid negative impacts on potential growth as a shock on public investment or employment can easily turn into structural. This would affect primarily the hit Member State but, as the euro area is very integrated, it would damage growth prospects of other Members States. The most efficient channel to produce this spill over effect is trade. Therefore, a stabilisation tool is not only a matter of solidarity but also of economic policy.
Amendment 79 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) This Regulation does not affect terms and conditions of Member States' unemployment schemes nor does it affect relations between social partners, including the right to negotiate and conclude collective agreements in accordance with national law.
Amendment 115 #
Proposal for a regulation
Recital 15
Recital 15
(15) Strict eligibility criteria based on compliance with decisions and recommendations under the Union's fiscal and economic surveillance framework, including the Communication on flexibility, over a period of two years before the request for EISF support and compliance with a Convergence Code focusing on a few decisive criteria allowing for better national ownership, should be fulfilled by the Member State requesting EISF support in order not to diminish the incentive for that Member State to pursue prudent and sustainable budgetary policies. The convergence code, adopted under the ordinary legislative procedure and taking in account the country-specific recommendations should focuses for a five-year period on convergence criteria regarding taxation, labour market, investment, productivity, social cohesion, and public administrative and good governance capacities within the existing Treaties.
Amendment 169 #
Proposal for a regulation
Recital 27
Recital 27
(27) Both the determination of the amount of the national compartment and contributions to the Stabilisation Support Fund and their transfer should be governed by an intergovernmental agreement to be concluded between Member States whose currency is the euro and other Member States that participate in the exchange rate mechanism (ERM II). That agreement should provide that national compartment function as a Rainy day fund and that the national contributions for all the Member States are calculated based on the share of10% of the amount of monetary income allocated to the national central banks of those Member States whose currency is the euro in the monetary income of the Eurosystem. For Member States which participate in ERM II a specific key should be foreseen to determine the national contributions. The Commission should assist the Member States for the calculation of those contributions. To that end, the European Central Bank (ECB) should communicate to the Commission the amount of monetary income the national central banks of the Eurosystem are entitled to.
Amendment 203 #
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
2. The EISF shall provide swift financial assistance in the form of loans and interest rate subsidies for public investment and a reinsurance unemployment scheme to a Member State which is experiencing a large asymmetric shock.
Amendment 216 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1
Article 2 – paragraph 1 – point 1
(1) 'agreement' means the intergovernmental agreement concluded between all Member States whose currency is the euro and other Member States that participate in the exchange rate mechanism (ERM II) determining the calculation and the transfer of their national compartment and financial contributions to the Stabilisation Support Fund;
Amendment 223 #
Proposal for a regulation
Article 2 – paragraph 1 – point 3 a (new)
Article 2 – paragraph 1 – point 3 a (new)
(3a) ‘national unemployment financing scheme’ means: financing for unemployment benefits paid to unemployed persons
Amendment 225 #
Proposal for a regulation
Article 2 – paragraph 1 – point 4
Article 2 – paragraph 1 – point 4
(4) 'EISF support' means Union financial assistance within the meaning of Article [220] of the Financial Regulation in the form of loans and interest rate subsidies under the EISF in support of eligible public investment; and reinsurance unemployment scheme.
Amendment 305 #
Proposal for a regulation
Article 5 – title
Article 5 – title
Supported investment and reinsurance unemployment scheme
Amendment 307 #
Proposal for a regulation
Article 5 – paragraph 1 – subparagraph 1 – point a
Article 5 – paragraph 1 – subparagraph 1 – point a
(a) invest insupport eligible public investment or a national unemployment scheme by an amount corresponding to at least the amount of the EISFPS loan,
Amendment 308 #
Proposal for a regulation
Article 5 – paragraph 1 – subparagraph 1 – point a
Article 5 – paragraph 1 – subparagraph 1 – point a
(a) invest insupport eligible public investment or a national unemployment scheme by an amount corresponding to at least the amount of the EISF loan,;
Amendment 312 #
Proposal for a regulation
Article 5 – paragraph 1 – subparagraph 1 – point b
Article 5 – paragraph 1 – subparagraph 1 – point b
(b) maintain the same level of its support for public investment and national unemployment scheme compared to the average level of its public investmensupport in the five previous years.;
Amendment 360 #
Proposal for a regulation
Article 8 – paragraph 1 – introductory part
Article 8 – paragraph 1 – introductory part
1. Without prejudice to paragraph 3, tThe amount of an EISF loan (S) shall be determined in accordance with the following formula:
Amendment 363 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 1
Article 8 – paragraph 1 – subparagraph 1
Amendment 367 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 2
Article 8 – paragraph 1 – subparagraph 2
deleted
Amendment 369 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 2 a (new)
Article 8 – paragraph 1 – subparagraph 2 a (new)
S = β x Smax x (Increase in unemploymentMS – threshold level) subject to S ≤ Smax
Amendment 373 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 3 – point b
Article 8 – paragraph 1 – subparagraph 3 – point b
(b) «Is»Smax means the maximum level of eligible public investment or national unemployment scheme that the EISF may support in the Member State concerned referred to in paragraph 2;
Amendment 380 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 4
Article 8 – paragraph 1 – subparagraph 4
The Commission may nevertheless increase the amount of an EISF loan up to the amount of ISmax in case of particular severity of the large asymmetric shock experienced by the Member State concerned.
Amendment 381 #
Proposal for a regulation
Article 8 – paragraph 2 – introductory part
Article 8 – paragraph 2 – introductory part
2. The maximum level of eligible public investment or national unemployment scheme that the EISF may support in a Member State (IS)Smax) shall be determined in accordance with the following formula:
Amendment 383 #
Proposal for a regulation
Article 8 – paragraph 2 – subparagraph 1
Article 8 – paragraph 2 – subparagraph 1
deleted
Amendment 385 #
Proposal for a regulation
Article 8 – paragraph 2 – subparagraph 1 a (new)
Article 8 – paragraph 2 – subparagraph 1 a (new)
Smax = α x ((Average Public InvestmentEU+ Average unemployment financing) / GDPEU) x GDPMS
Amendment 388 #
Proposal for a regulation
Article 8 – paragraph 2 – subparagraph 2 – point b – introductory part
Article 8 – paragraph 2 – subparagraph 2 – point b – introductory part
(b) (Average public investment EU+ Average unemployment financing) / GDPEU means the ratio of eligible public investment and national unemployment scheme financing to GDP in the Union, in current prices and on average over a period of five full years before the request for EISF support in accordance with Article 6(1);
Amendment 428 #
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
1. The Stabilisation Support Fund is hereby established. It shall be filled in accordance with the rules on national compartment and contributions towards the Fund as laid down in the agreement.
Amendment 431 #
Proposal for a regulation
Article 17 – paragraph 2 – point a
Article 17 – paragraph 2 – point a
(a) contributions from Member States in accordance with the agreement; , representing 10 % of the amount of monetary income allocated to the national central banks of the Eurosystem pursuant to Article 32 of Protocol No 4 on the Statute of the European System of Central Banks1a and the European Central Bank1a which in any case shall not be lower than EUR 1 billion; 1a OJ C 202, 7.6.2016, p. 230.
Amendment 436 #
Proposal for a regulation
Article 18 – paragraph 1
Article 18 – paragraph 1
1. The resources of the Stabilisation Support Fund may only be used for the purpose of payment of interest rate subsidies to Member States referred to in Article 9 temporary support to a reinsurance unemployment scheme and as a Rainy Day Fund for national compartment defined in terms of size and funding mechanisms with a timeframe for possible payments and repayments, budgetary neutral over a longer cycle.