35 Amendments of Manuel dos SANTOS related to 2018/0212(COD)
Amendment 40 #
Proposal for a regulation
Title 1
Title 1
Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the establishment of a European Investment Stabilisation FunctionProtection Scheme
Amendment 74 #
Proposal for a regulation
Recital 8
Recital 8
(8) In particular, in order to support Member States whose currency is the euro to respond better to rapidly changing economic circumstances and stabilise their economy by preserving public investment and financing national unemployment schemes in the event of large asymmetric or symmetric shocks, a European Investment Stabilisation Function (EISFProtection Scheme (EPS) should be established.
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 89 #
Proposal for a regulation
Recital 10
Recital 10
(10) EISFPS should be a Union instrument which complements national fiscal policies. It should be recalled that Member States should pursue sound fiscal policies and build up fiscal buffers in favourable economic times.
Amendment 110 #
Proposal for a regulation
Recital 14
Recital 14
(14) The activation of EISFPS support should therefore be determined by a double activation trigger based on both the level of national unemployment rate compared to its past average andor the change in unemployment rate compared to a certain threshold.
Amendment 116 #
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 over a period of two years before the request for EISFPS support should be fulfilled by the Member State requesting EISFPS support in order not to diminish the incentive for that Member State to pursue prudent budgetary policies. In this assessment the Commission's Communication on "Making the best use of the flexibility within the existing rule of the Stability and Growth Pact"1a shall be considered; _________________ 1a COM(2015) 12 final, 13.01.2015
Amendment 142 #
Proposal for a regulation
Recital 21
Recital 21
(21) Member States should invest the support received under EISFPS in eligible public investment and also maintain the level of public investment in general compared to the average level of public investment over the five last years in order to ensure that the objective pursued by this Regulation is achieved. In that respect, there is the expectation that Member States should give priority to maintaining eligible investment in programmes supported by the Union under the European Regional Development Fund, the Cohesion fund, the European Social Fund, the European Maritime and Fisheries Fund and the European Agricultural Fund for Rural Development..
Amendment 146 #
Proposal for a regulation
Recital 22
Recital 22
(22) To that effect, the Commission should examine whether the Member State concerned has respected thoseis conditions. In case of non-compliance the Member State concerned should repay part or the entire loan given and should not be entitled to receiving an interest rate subsidy.
Amendment 158 #
Proposal for a regulation
Recital 24 a (new)
Recital 24 a (new)
(24a) In the case of asymmetric shocks, Member States shall have the possibility to use a percentage of the EPS support to financing national unemployment schemes.
Amendment 207 #
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
2. The EISFPS shall provide financial assistance in the form of loans and interest rate subsidies for public investment and national unemployment schemes to a Member State which is experiencing a largen asymmetric shock.
Amendment 221 #
Proposal for a regulation
Article 2 – paragraph 1 – point 3 a (new)
Article 2 – paragraph 1 – point 3 a (new)
(3a) ‘unemployment financing’ means: financing for national unemployment scheme for unemployment benefits paid to unemployed persons.
Amendment 246 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
Amendment 280 #
Proposal for a regulation
Article 4 – paragraph 1 – introductory part
Article 4 – paragraph 1 – introductory part
1. A Member State shall be considered to experience a largen asymmetric shock if any of the following activation criteria are simultaneouslyis fulfilled:
Amendment 281 #
Proposal for a regulation
Article 4 – paragraph 1 – introductory part
Article 4 – paragraph 1 – introductory part
1. A Member State shall be considered to experience a large asymmetric shock if one of the following block of activation criteria are simultaneouslyis fulfilled:
Amendment 283 #
Proposal for a regulation
Article 4 – paragraph 1 – point a
Article 4 – paragraph 1 – point a
(a) the quarterly national unemployment rate exceeded the average unemployment rate in the Member State concerned over a period of 60 quarters preceding the quarter during which the request is made;“Unemployment”, if the following criteria are simultaneously fulfilled:
Amendment 285 #
Proposal for a regulation
Article 4 – paragraph 1 – point a
Article 4 – paragraph 1 – point a
(a) the quarterly national unemployment rate exceeded the average unemployment rate in the Member State concerned over a period of 630 quarters preceding the quarter during which the request is made;
Amendment 287 #
Proposal for a regulation
Article 4 – paragraph 1 – point a – point i (new)
Article 4 – paragraph 1 – point a – point i (new)
(i) the quarterly national unemployment rate exceeded the average unemployment rate in the Member State concerned over a period of 60 quarters preceding the quarter during which the request is made;
Amendment 288 #
Proposal for a regulation
Article 4 – paragraph 1 – point a – point ii (new)
Article 4 – paragraph 1 – point a – point ii (new)
(ii) the quarterly national unemployment rate increased above one percentage point in comparison to the unemployment rate observed in same quarter of the previous year.
Amendment 290 #
Proposal for a regulation
Article 4 – paragraph 1 – point b
Article 4 – paragraph 1 – point b
(b) the quarterly national unemployment rate increased above one percentage point “Investment”, if the following comparison to the unemployment rate observed in same quarter of the previous year.riteria is fulfilled:
Amendment 294 #
Proposal for a regulation
Article 4 – paragraph 1 – point b – point i (new)
Article 4 – paragraph 1 – point b – point i (new)
(i) the quarterly national growth rate of gross fixed capital formation is bellow three percentage points in comparison to the average growth rate of gross fixed capital formation observed in the previous four quarters.
Amendment 311 #
Proposal for a regulation
Article 5 – paragraph 1 – subparagraph 1 – point b
Article 5 – paragraph 1 – subparagraph 1 – point b
Amendment 324 #
If the Commission, after having heard the Member State concerned, concludes that the conditions referred to in paragraph 1 have not been complied with, it shall adopt a decision:
Amendment 352 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
The outstanding amount of loans granted to Member States under this Regulation shall be limited to EUR 360 billion in principal.
Amendment 353 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
The outstanding amount of loans granted to Member States under this Regulation shall be limited toamount to up to 0.5 % of the cumulative GNI of Member States whose currency is the euro and those Member States that participate in the EMR II, and to no less than EUR 3055 billion in principal.
Amendment 364 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 1
Article 8 – paragraph 1 – subparagraph 1
Amendment 365 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 1 a (new)
Article 8 – paragraph 1 – subparagraph 1 a (new)
S= β X S max X (Increase in unemploymentMS-threshold level)
Amendment 368 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 2
Article 8 – paragraph 1 – subparagraph 2
deleted
Amendment 370 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 2 a (new)
Article 8 – paragraph 1 – subparagraph 2 a (new)
subject to S ≤ S max
Amendment 372 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 3 – point b
Article 8 – paragraph 1 – subparagraph 3 – point b
(b) «Is»“S max” means the maximum level of eligible public investment or unemployment financing that the EISFPS may support in the Member State concerned referred to in paragraph 2; (c) means the increase in the quarterly national unemployment rate referred to in point (b) of Article 4)(1) expressed in percentage points;
Amendment 374 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 3 – point b
Article 8 – paragraph 1 – subparagraph 3 – point b
(b) «Is» means the maximum level of eligible public investment that the EISF maythe amount of the EPS support into the Member State concerned referred to in paragraph 2;
Amendment 382 #
Proposal for a regulation
Article 8 – paragraph 2 – introductory part
Article 8 – paragraph 2 – introductory part
2. The maximum level of eligible public investment thatthe amount of the EISFPS may support into a Member State (IS) shall be determined in accordance with the following formula:
Amendment 384 #
Proposal for a regulation
Article 8 – paragraph 2 – subparagraph 1
Article 8 – paragraph 2 – subparagraph 1
deleted
Amendment 386 #
Proposal for a regulation
Article 8 – paragraph 2 – subparagraph 1 a (new)
Article 8 – paragraph 2 – subparagraph 1 a (new)
Is = α X [(Average Public InvestmentEU + Average Unemployment Financing) / GDPEU ] X GDPMS
Amendment 389 #
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 InvestmentEU + Average Unemployment Financing) / GDPEU” means the ratio of eligible public investment 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 392 #
Proposal for a regulation
Article 8 – paragraph 3
Article 8 – paragraph 3