47 Amendments of Giovanni CROSETTO
Amendment 36 #
2024/2054(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the role of the ECB in safeguarding monetary stability; underlines that the ECB is the institution responsible for maintaining price stability in the euro area, while also considering the broader economic wellbeing of the EU, including economic growth where compatible with its mandate;
Amendment 142 #
2024/2054(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Stresses that the ECB was late to act when inflation started rising in January 2021 and surpassed the 2 % target level in July 2021; recalls in this regardnotes that the ECB’s early assessment thatof inflation was expected to be only transitorytransitory overlooked supply-side shocks, particularly from energy price surges, which contributed significantly to inflationary pressures; highlights that a more balanced focus on both demand- driven and supply-side factors could have provided a clearer basis for timely interventions;
Amendment 144 #
2024/2054(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Stresses the importance of diversifying funding instruments in light of the conclusion of reinvestments under the asset purchase programme (APP) and the expected end of reinvestments under the pandemic emergency purchase programme (PEPP). To address this, a revised securitisation framework aimed at enhancing the European market's appeal to originators and investors, along with the introduction of a dual-recourse long- term funding instrument called as European Secured Notes for SME financing, could be pivotal;
Amendment 148 #
2024/2054(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Invites the ECB to fundamentally review and improve its models and their role in its policymaking in light of the subpar performance of the models in recent years, particularly to better distinguish between demand-driven and supply-side sources of inflation; recommends that the ECB adopt a flexible, data-driven approach that aligns with evolving economic conditions and avoids unnecessary strain on sectors sensitive to financing costs, such as manufacturing;
Amendment 159 #
2024/2054(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. SupportNotes the ECB’s decision to scale back its asset purchase programmes, in view of the excess liquidity in the market an; urges the ECB to apply a measured and gradual approach in adjusting its asset purchases to safeguard decreased levels of inflationonomic resilience across the euro area;
Amendment 168 #
2024/2054(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Stresses that the ECB’s purchase programmes are unconventional policies that amount, in economic terms, to, if not carefully managed, risk contravening the prohibition, on monetary financing, which is prohibited under Article 123(1) TFEU,; ifnvites the ECB does not shrink back its balance sheet; calls on the ECB to therefore gradually reduce the size of its balance sheetto continue monitoring its balance sheet reduction in a gradual and prudent manner, to limit prolonged potential destabilizing effects in the euro area;
Amendment 184 #
2024/2054(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. RegretAckowledges the establishment of the transmission protection instrument (TPI) in July 2022 as a tool to address sudden market fragmentation; calls on the ECB to respect not justcontinue upholding the legal prohibition ofn monetary financing but also its economic meaning; stresses in this regard that selectively purchasing government debt amounts to monetarily financing an EU Member Stateand ensure its operations maintain market neutrality;
Amendment 194 #
2024/2054(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Stresses that diverging interest rates in the euro area are generally the result of different risk premia on government bonds; stressnotes that purchases under the TPI would merely conceal the symptoms of loose fiscal policyTPI interventions may conceal underlying fiscal challenges; calls on Member States to conduct responsible fiscal policies and ensure sustainable debt levels;
Amendment 207 #
2024/2054(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Welcomes the ECB’s progress on the digital euro project and its ongoing dialogue with Parliament; highlights the expected benefits, such asunderscores that the digital euro should deliver clear added value to the European citizens, including enhanced strategic autonomy, improved financial inclusion, and the availability of ana reliable offline back-up payment system, calls on the ECB to clearly communicate these benefits to foster public trust and awareness;
Amendment 217 #
2024/2054(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Reiterates that the digital euro should serve as a complement to physical cash, that it should not replace cash entirely and that cash should remain availawidely available and accessible at all times;
Amendment 230 #
2024/2054(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Calls on the ECB to take due account of privacy concerns around the digital euro and stresses that its development should becomeprioritize robust privacy safeguards for the digital euro, establishing it as a gold standard in terms offor privacy for oacross ther financial institsector, to secure public confidence and address citizens’ concerns regarding data protection and autionsomy;
Amendment 240 #
2024/2054(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Calls on the ECB to refrain from taking politically motivated decisions and to stick to its mandate of maintaining price stability; stresses that overstepping this mandate touches on the central bank’s political independenceacknowledges that, when appropriate, the ECB may consider the impact of its decisions on economic growth and employment within the EU, while avoiding encroachment on the fiscal domain reserved for Member States;
Amendment 257 #
2024/2054(INI)
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25 a. Encourages the ECB to pursue measures within its remit that foster a stable macroeconomic environment conducive to sustainable economic growth, employment, and enhanced EU competitiveness, while avoiding interference with Member States’ fiscal policies and respecting the principle of subsidiarity;
Amendment 263 #
2024/2054(INI)
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26 a. Urges the ECB to review its climate-related policies, such as decarbonisation of its corporate bond holdings, to ensure that these measures do not undermine EU competitiveness or depart from the principle of market neutrality; underscores the need to avoid disadvantaging energy-intensive industries that may face disproportionate compliance costs compared to global counterparts;
Amendment 268 #
2024/2054(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
27. Insists that the ECB respectadhere strictly to the market neutrality principle in all of its monetary operations; regrets that the ECB’s actions to decarbonise its corporate bond holdings have not followed a market neutral approach by its very definition and signal selective support for particular sectors over others, distorting competition;
Amendment 279 #
2024/2054(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Calls on the ECB to use all its available tools to ensure that banks take climate risk seriously in order to mitigate therelated financial risks resulting from climate chang, provided these measures do not compromise market neutrality or extend beyond the ECB’s core mandate;
Amendment 286 #
2024/2054(INI)
Motion for a resolution
Paragraph 29 a (new)
Paragraph 29 a (new)
29 a. Stresses the need for collaborative efforts to reduce structural and regulatory barriers, including high compliance costs and bureaucratic hurdles, to attract investments, enhance the EU’s global competitiveness, and improve the euro area’s position in international markets;
Amendment 287 #
2024/2054(INI)
Motion for a resolution
Paragraph 29 b (new)
Paragraph 29 b (new)
29 b. Calls the European Central Bank to explore and evaluate alternative tools to traditional mechanisms, like the monetary policy decisions on interest rate, in order to strengthen its capacity to manage inflation while limiting economic disruption;
Amendment 291 #
2024/2054(INI)
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30 a. Ecourages the ECB to support EU initiatives that facilitate SMEs’ access to financial markets through the Capital Markets Union, thereby diversifying funding sources, reducing reliance on bank loans sensitive to interest rate fluctuations, and increasing SMEs’ resilience to monetary adjustments;
Amendment 294 #
2024/2054(INI)
Motion for a resolution
Paragraph 30 b (new)
Paragraph 30 b (new)
30 b. Encourages collaboration with national central banks on financial literacy programs to empower individuals and businesses to make informed financial decisions;
Amendment 295 #
2024/2054(INI)
Motion for a resolution
Paragraph 31 a (new)
Paragraph 31 a (new)
31 a. Calls on the ECB to advocate for the completion of the Banking Union and Capital Markets Union as critical frameworks for enhancing financial stability, supporting economic growth, and creating a more resilient financial system in the euro area;
Amendment 305 #
2024/2054(INI)
Motion for a resolution
Paragraph 32 a (new)
Paragraph 32 a (new)
32 a. Recommends that, following the recent interest rate reductions, the ECB continue with further rate cuts as part of a broader strategy to support economic resilience for households and businesses facing financial pressures. Emphasizes that additional reductions should be pursued to meaningfully lower borrowing costs, encourage investment, and enhance access to credit, thereby fostering stability and economic recovery across the Euro area;
Amendment 308 #
2024/2054(INI)
Motion for a resolution
Paragraph 32 b (new)
Paragraph 32 b (new)
32 b. Welcomes the finalisation of the Basel III framework, as it will strengthen the resilience of the banking sector. Underlines that, since other jurisdictions have not adopted the framework, it will be fundamental to consider the potential impact on the competitiveness of EU banks, in particular due to the implementation of the FRTB;
Amendment 111 #
2024/0176(BUD)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Recalls that the Connecting Europe Facility (CEF) is key to boosting investment in high-performance, sustainable trans-European networks and to decarbonising the Union economy, thereby accelerating the green transition and promoting interconnectivity; proposes, to increase appropriations for CEF Transport by EUR 40 million above the DB in 2025; further proposes to top-up CEF Energy with an additional EUR 30 million, emphasizes the need to address the specific challenges of island regions and, to this end, proposes an additional allocation of EUR 20 million within the CEF Transport specifically dedicated to improving connectivity in island regions; this allocation will prioritise projects in these regions, ensuring they are better integrated into the EU transport network and are able to address the specific geographical and environmental challenges they face;
Amendment 116 #
2024/0176(BUD)
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20 a. Reaffirms the need to invest in resources dedicated to research and development of new technologies for underwater exploration and the creation of advanced technological infrastructures, such as transatlantic submarine cables, which are essential to ensure greater interconnectivity; encourages targeted investment in scientific and technological research in the marine sector, with particular attention to deep-sea technologies, in order to support Europe's progress and competitiveness in the international context, while simultaneously strengthening the strategic position of the Mediterranean as a hub of innovation and development;
Amendment 119 #
2024/0176(BUD)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Stresses that a well-functioning Single Market is critical for the Union’s competitiveness and to enhance access to markets for EU businesses; emphasises that SMEs in particular have been hit hard by high inflation and energy prices and proposes, e importance of supporting SMEs as the main drivers of the European economy; notes that SMEs in particular have been hit hard by high inflation and energy prices; highlights the importance of considering insularity when reinforcing economic cohesion to ensure that policies effectively support island communities and address their specific challenges; proposes to increase a result,llocations for the COSME programme and other initiatives aimed at facilitating access to credit, internationalisation, and innovation of SMEs, including an increase of EUR 520 million above the DB for the SME strand of the Single Market programme, also calls for the promotion of administrative simplification and the reduction of bureaucratic burdens for businesses;
Amendment 124 #
2024/0176(BUD)
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23 a. Opposes the proposed reduction of close to EUR 35 million in funding for the EU Space Programme; underscores the strategic importance of the EU Space Programme in enhancing the Union's technological autonomy, competitiveness, security and defence;
Amendment 133 #
2024/0176(BUD)
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26 a. Recognizes the unique challenges faced by island regions within the Union, including geographic isolation, higher transport costs, and limited economic diversification; calls for targeted measures and increased funding under the cohesion policy to address the specific needs of these regions, promoting their sustainable development, improving connectivity, and fostering full integration into the internal market;
Amendment 152 #
2024/0176(BUD)
Motion for a resolution
Paragraph 30
Paragraph 30
30. Recalls that programmes under Heading 2b play a key role in ensuring resilience and values by providing support and opportunities for young people through Erasmus+, including the Special Olympics World Games (SOWG) 2025, and through the European Solidarity Corps; reinforcing support for the Union Civil Protection Mechanism and the Citizens, Equality, Rights and Values programme; investing in preventing cardiovascular diseases (CVD), cancer diseases affecting children and improving mental health by increasing EU4Health; investing in skills development; ensuring social security coordination in order to facilitate labour mobility and easier transfer of social security benefits; supporting vulnerable communities, as well as rural, isolated, insular and mountainous areas, social dialogue and trade unions, cultural and creative industries;
Amendment 160 #
2024/0176(BUD)
Motion for a resolution
Paragraph 33
Paragraph 33
33. Is alarmed by the growing impact of natural disasters in Europe and its neighbourhood including earthquakes, floods, wildfires, volcanic eruptions, droughts, heatwaves, and severe storms and the drying up of lakes and rivers, and concerned about the Union’s ability to respond effectively; underlines that these disasters are often linked to climate change and are therefore likely to occur with greater frequency and intensity in the future; wishes to protect human lives and to augment the Commission’s crisis response capacity; increases, therefore, appropriations for the Union Civil Protection Mechanism by EUR 42 million above DB; calls for a prioritisation of investments that help reduce the impact of natural disasters; stresses that the Union, being based on solidarity, will find the resources for the citizens affected by the recent floodclimate-related events;
Amendment 163 #
2024/0176(BUD)
Motion for a resolution
Paragraph 33 a (new)
Paragraph 33 a (new)
33 a. Emphasizes the need to establish a Prevention and Rapid Alert Fund aimed at reducing the risk of natural disasters such as fires, landslides, earthquakes, volcanic eruptions, floods, droughts, and the drying up of lakes and rivers. Highlights that islands and coastal regions, particularly in the Mediterranean, are especially vulnerable due to climate change. Encourages the Commission and Member States to integrate risk assessments with post-event interventions and immediate alert plans within the framework of disaster prevention strategies. Stresses the importance of acting swiftly to strengthen resilience in the most at-risk areas, ensuring that the Prevention Fund complements existing programs and addresses gaps not covered by the current cohesion policy cycles.
Amendment 165 #
2024/0176(BUD)
Motion for a resolution
Paragraph 33 b (new)
Paragraph 33 b (new)
33 b. Emphasizes the need to provide specific support to regions affected by earthquakes or characterized by high seismic risk; proposes to establish a dedicated fund for prevention, risk mitigation, and reconstruction in the affected areas, while simultaneously promoting the dissemination of anti- seismic technologies in construction;
Amendment 166 #
2024/0176(BUD)
Motion for a resolution
Paragraph 33 c (new)
Paragraph 33 c (new)
33 c. Emphasizes the crucial role of the European Union Solidarity Fund (EUSF) in providing rapid financial assistance to Member States affected by major natural disasters; calls for an increase in the resources allocated to the EUSF to ensure a swift and effective response to emergencies; emphasizes that this increase must be accompanied by a revision of the evaluation and approval procedures to accelerate response times and ensure that funds reach the affected regions promptly; proposes to streamline the application and disbursement processes to facilitate quicker access to funds for affected regions, thereby supporting timely reconstruction and recovery efforts; additionally, calls for ensuring that, in the event of natural calamities, there is extraordinary flexibility in the use of Cohesion Policy funds, allowing for the full utilization and interchange of resources between different funds—namely, the European Agricultural Fund for Rural Development (EAFRD), the European Regional Development Fund (ERDF), the European Social Fund Plus (ESF+), the European Maritime, Fisheries and Aquaculture Fund (EMFAF), and the Cohesion Fund—to maximize support for affected areas;
Amendment 169 #
2024/0176(BUD)
Motion for a resolution
Paragraph 34
Paragraph 34
34. Underlines the importance of a stronger Health Union and enhanced preparedness; highlights the vital role that the EU4Health programme plays in this respect; proposes, therefore, to increase the programme’s appropriations by EUR 5170 million above DB to strengthen health resilience and preparedness for future health crises and in support of investments in preventing cardiovascular diseases (CVD), cancer, diseases affecting children and improving mental health;
Amendment 172 #
2024/0176(BUD)
Motion for a resolution
Paragraph 34 a (new)
Paragraph 34 a (new)
34 a. The Covid-19 pandemic has highlighted the fragility of national healthcare systems and the challenges related to the production and supply of medicines and medical devices. In light of these challenges, it is essential to ensure adequate support for the EU4Health program in order to enhance the availability of medicines, medical devices, improving mental health and to strengthen the resilience of national healthcare systems in the face of serious cross-border threats;
Amendment 174 #
2024/0176(BUD)
Motion for a resolution
Paragraph 35
Paragraph 35
35. Reiterates its unwavering support for promoting the learning mobility of young people; proposes to reinforce, against this background, the Erasmus+ and European Solidarity Corps (ESC) programmes, which play a vital role in supporting learning mobility opportunities, improving people’s skills and employability and promoting social inclusion; emphasises that both programmes aim to boost participation rates among people with fewer opportunities with particular attention to those from regions facing insularity, who may have reduced access to mobility opportunities due to their geographic isolation - an objective that is challenged by soaring inflation and the increased cost of living; is committed to ensuring that Erasmus+ does not become a de facto selective programme open only to those who can afford to participate and recalls that the Commission is required to put in place financial support measures for people with fewer opportunities; proposes, therefore, an increase of EUR 70 million for Erasmus+ (57 million EUR for Promoting learning mobility of individuals and groups, and cooperation, inclusion and equity, excellence, creativity and innovation at the level of organisations and policies in the field of education and training — Indirect management; 5 million EUR for Promoting non-formal and informal learning mobility and active participation among young people, and cooperation, inclusion, creativity and innovation at the level of organisations and policies in the field of youth; 8 million EUR for Promoting learning mobility of sport staff, and cooperation, inclusion, creativity and innovation at the level of sport organisations and sport policies); insists that the top-up be used to contribute in particular to the programme’s over- arching aim of becoming more accessible, including by providing the necessary increased financial support per participant with fewer opportunities; proposes, moreover, a reinforcement of EUR 1 million for the ESC above DB, specifically to ensure the programme is accessible for all;
Amendment 180 #
2024/0176(BUD)
Motion for a resolution
Paragraph 36
Paragraph 36
36. Underscores the continued socio- economic challenges in the cultural and creative sectors, which are often made up of small organisations and individual artists; underlines the importance of protecting and promoting European cultural heritage as a key element of the Union's identity and values; proposes, therefore, to increase financing for programmes dedicated to the conservation, restoration, and enhancement of cultural and historical sites, as well as for the promotion of regional traditions and languages; additionally, proposes, therefore, to increase financing for the various strands of the Creative Europe programme by a total of EUR 8 million above the DB;
Amendment 208 #
2024/0176(BUD)
Motion for a resolution
Paragraph 43
Paragraph 43
43. Reiterates its concern about the negative impact of Russia’s war of aggression against Ukraine on global food security and affordability and about farmers’ ability to withstand inflationary pressure and increased input prices; emphasises the need to help new and young farmers and asks for investments on generational change through aimed funding programs as well as small and medium-sized farmers with additional means and thereby ensure the sustainability of the sector and generational renewal; proposes, therefore, to increase income support to young farmers by EUR 40 million above the DB;
Amendment 209 #
2024/0176(BUD)
Motion for a resolution
Paragraph 43 a (new)
Paragraph 43 a (new)
43 a. Emphasizes that farmers and rural communities are vital contributors to quality, food security, and the safeguarding of European food sovereignty, and they play a key role in the preservation of rural areas and in countering the depopulation of the most remote areas; it further underscores that they also have a strategic role in zones characterized by high seismic and hydrogeological, and drought risk, and therefore require special support from the Common Agricultural Policy (CAP);
Amendment 213 #
2024/0176(BUD)
Motion for a resolution
Paragraph 44
Paragraph 44
44. Underscores the negative impact of droughts and other extreme, climate change induced, weather patterns on the agricultural sectorprimary production, food security and farmers’ income through an agricultural reserve that reflects the needs of the farmers to cope with the adverse climatic events; underlines the importance of the fruit and vegetables sector, of school schemes as well as promotional measures of agricultural products under the Common Agricultural Policy; decides, therefore, to increase the allocation of these budget lines under the European Agricultural Guarantee Fund by a total of EUR 56 million above the DB; emphasises equally the importance of investing in the digitalisation of small and medium-sized farms and the acquisition of equipment to implement good environmental practices in farming and to contribute to environmental sustainability in Union agriculture;
Amendment 217 #
2024/0176(BUD)
Motion for a resolution
Paragraph 44 a (new)
Paragraph 44 a (new)
44 a. Calls for maintaining an inclusive and strong promotion policy budget of at least 185,9 million to ensure that the policy continues to support all agricultural sectors proportionately, guarantee the competitiveness of agriculture and our food sovereignty and allow the creation of new international markets for the European agricultural products;
Amendment 218 #
2024/0176(BUD)
Motion for a resolution
Paragraph 44 b (new)
Paragraph 44 b (new)
44 b. Welcomes the recent CAP simplification package and notes it has no budgetary impact; calls for the prosecution of this package until the end of this programming period and additional measures and resources to address the causes of farmers' discontent throughout the EU in future programming, with the aim of strengthening their position in the agri- food value chain;
Amendment 219 #
2024/0176(BUD)
Motion for a resolution
Paragraph 44 c (new)
Paragraph 44 c (new)
44 c. Asks the European Commission that any environmental fund in the future shall not involve financial resources shifted from the CAP;
Amendment 274 #
2024/0176(BUD)
Motion for a resolution
Paragraph 61
Paragraph 61
61. Stresses the importance of the Southern Neighbourhood line in supporting political, economic and social reforms in the region; taking into consideration the increasing humanitarian needs in the region as well as other purposes of regional cooperation in providing assistance to refugees, in particular Syrian and Palestinian refugees, and in enabling support along the southern migration routes; proposes to increase appropriations for the line by EUR 60 million above the DB, including to reinforce funding for UNRWA based on EU regulations and values;
Amendment 275 #
2024/0176(BUD)
Motion for a resolution
Paragraph 61 a (new)
Paragraph 61 a (new)
61 a. Emphasizes the importance of strengthening cooperation with African countries, particularly in the areas of sustainable development, migration management, and economic partnership, in line with the existing instruments of enhanced cooperation between EU Member States and African countries, such as the 'Mattei Plan';
Amendment 276 #
2024/0176(BUD)
Motion for a resolution
Paragraph 61 b (new)
Paragraph 61 b (new)
61 b. Calls for increased funding and strategic investments in targeted development initiatives for African countries. These investments, in line with the existing instruments of enhanced cooperation between EU Member States and African countries, such as the 'Mattei Plan,' should focus on strengthening infrastructure, education, and economic opportunities, thereby addressing the root causes of irregular migration, combating human trafficking networks, and promoting legal migration pathways, ultimately contributing to a safer and more prosperous Europe and Africa;
Amendment 277 #
2024/0176(BUD)
Motion for a resolution
Paragraph 61 c (new)
Paragraph 61 c (new)
61 c. Insists that the Commission must guarantee that EU funds are not allocated or linked to any form of terrorism and/or religious and political radicalisation; reiterates its position that all schoolbooks and school materials supported by Union funds must be in line with UNESCO standards of peace, tolerance, coexistence, and non-violence; is concerned about the antisemitism, hate speech and incitement to jihad and violence taught in Palestinian school textbooks, indirectly funded by the EU; underlines the importance of EU funds to be directed towards the proper training of Palestinian teachers in line with UNESCO education standards; stresses that conditionality of EU financial assistance in the educational sector needs to be duly considered;