2 Amendments of Saïd EL KHADRAOUI related to 2012/0242(CNS)
Amendment 109 #
Proposal for a regulation
Recital 8
Recital 8
(8) The European Council conclusions of 29 June 2012 invited the President of the European Council to develop a road map for the achievement of a genuine Economic and Monetary Union. This road map can only be developed on condition that at the same time strict, binding minimum agreements are reached on social affairs in the EU, particularly concerning European minimum wages and the approach to poverty and fiscal harmonisation within the EU. On the same day, the Euro area Heads of State or Government Summit pointed out that when an effective single supervisory mechanism is established involving the ECB for banks in the euro area, the ESM could, following a regular decision, have the possibility to recapitalize banks directly which would rely on appropriate conditionality, including compliance with state aid rules.
Amendment 402 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
This Regulation confers on the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions, with a view to promoting the safety and soundness of credit institutions and the stability of the financial system, with due regard for the unity and integrity of the internal market and for the development of binding minimum social standards and fiscal harmonisation at EU level.