Activities of Nikolaos CHOUNTIS related to 2011/0385(COD)
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on the strengthening of economic and budgetary surveillance of Member States experiencing or threatened with serious difficulties with respect to their financial stability in the euro area PDF (400 KB) DOC (610 KB)
Amendments (8)
Amendment 59 #
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3α) The economic governance package and the two new instruments increasing its austerity are the wrong response to the crisis. The restrictive economic and fiscal surveillance thus imposed is worsening the recession in the euro area, increasing unemployment to record levels and effectively ushering in even larger pay cuts, weaker labour relations and the loss of social gains and entitlements.
Amendment 64 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) Enhanced surveillance, absolute and restrictive fiscal policy control and the imposition of harsh penalties accompanied by economic and political sanctions for ‘recalcitrant’ Member States are aggravating the democratic deficit in the Union, undermining the social model and creating a Europe hostile to the desires and interests of its peoples.
Amendment 68 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
(5α) The doctrine of ‘strong economic governance’ contained in the more stringent Stability and Growth Pact has failed. The stricter monitoring and surveillance of the Member States receiving economic aid and encountering difficulties in the euro area will not only fail to contribute to economic recovery but will, on the contrary, deliver the death blow to the Member States concerned and their citizens. The results in Greece, Ireland and Portugal, where such policies have already been put into practice, have been disastrous: deeper recession, austerity, greater social inequalities, high unemployment and poverty.
Amendment 73 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6α) It is necessary to release Member States from ‘rescue packages’ seeking to promote harsh deregulatory austerity measures at the expense of the European peoples. Implementation of such programmes is further deepening the crisis, the sole purpose being to shield the interests of the banks and safeguard finance capital profits.
Amendment 74 #
Proposal for a regulation
Recital 7
Recital 7
Amendment 81 #
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) The Stability and Growth Pact and the economic governance package increasing its austerity are fostering deeply uneconomic policies and must be overturned. Economic policies must be modified to benefit the citizens of Europe. In the absence of economic and fiscal polices promoting solidarity, social justice, economic convergence and sustainable growth, while reducing unemployment and protecting the weaker economic sectors, recovery from the crisis will be impossible.
Amendment 84 #
Proposal for a regulation
Recital 7 b (new)
Recital 7 b (new)
(7b) The new European Treaty with its extreme neoliberal policies and the tightening of fiscal austerity provisions are condemning the EU Member States and peoples to unending recession, austerity and underdevelopment, forcing them into a neoliberal straightjacket and effectively depriving them of the possibility of implementing an alternative economic and fiscal policy geared toward growth and redistribution.
Amendment 230 #
Proposal for a regulation
Article 11 – paragraph 1
Article 11 – paragraph 1