6 Amendments of Janusz LEWANDOWSKI related to 2015/2344(INI)
Amendment 84 #
Motion for a resolution
Recital F
Recital F
F. whereas, following real convergence in the run-up to the introduction of the common currency, the euro area witnessed structural divergence between 1999 and 2009, which made the euro area as a whole less resilient to shock the lack of necessary fiscal discipline, weak compliance with, and weak enforcement of, EU fiscal rules have led to excessive borrowing and sovereign debt crisis in some Member States; whereas regulatory adjustments and structural reforms aimed at reducing risks and improvimproving compliance and enhancing convergence have been introduced since 2009 at both European and national level, but some euro area Member States still require solidarity and sustainable reforms in their catching- up process;
Amendment 243 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. RecallNotes that in 2012 the Commission introduced in its ‘Blueprint for a deep and genuine EMU’ the idea of a Convergence and Competitiveness instrument for euro area Member States, whereby euro area Member States could get financial support for ‘reform packages that are agreed and important both for the Member States and for the good functioning of the euro area’, and that this financial support ‘could be set up in principle as part of the EU budget’ and be established by secondary law on the basis of Article 352 TFEU and financed by either a commitment on the part of the euro area Member States or a legal obligation to that effect enshrined in the EU’s own resources legislation as ‘assigned revenues’; considers the review by the Commission of the European Semester, including the Structural Reform Support Programme (SRSP), as a follow-up to this approach; however, points out in this context to the serious risk of moral hazard and to potentially distorted incentives, in fact encouraging Member States to wait with necessary reforms until financial support from the EU is secured; therefore, if this idea is to be implemented, strong safeguards against potential moral hazard need to be included;
Amendment 300 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Takes the view that incentives for sound fiscal policymaking and for addressing structural weaknesses at national level, taking into account the aggregate euro area fiscal stance, are core elements for the functioning of the euro area; considers that a fiscal capacity should, moreover, address specific concerns for the euro area in be an instrument of last resort, and be activated only in case of large asymmetric shocks theat case of absorbing shocksnnot be fully absorbed by responsible national fiscal policy;
Amendment 520 #
Motion for a resolution
Paragraph 26 – indent 1
Paragraph 26 – indent 1
Amendment 530 #
Motion for a resolution
Paragraph 26 – indent 2
Paragraph 26 – indent 2
Amendment 748 #
Motion for a resolution
Paragraph 37
Paragraph 37
37. Points out that if the fiscal capacity has to be of significant size in orderis to be able to address these euro-area-wide shocks and to finance its functions, it has to be of significant size; insists that in order to provide sufficient financial resources, the euro area fiscal capacity, including the EMF, should be able to increase the issuance of equitiesdebt via a rise in guarantees; considers that these commonly issued equitiesdebt should have the highest credit rate;