23 Amendments of Gunnar HÖKMARK related to 2010/0280(COD)
Amendment 108 #
Proposal for a regulation
Recital 5 c (new)
Recital 5 c (new)
(5c) The Stability and Growth Pact and the complete economic governance framework should serve as a fundament for the Union strategy for growth and jobs which aims at boosting the Union's competitiveness and social stability.
Amendment 127 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
(5a) There is a need for a legal framework in Member States, with clear rules for budgetary policies and targets regarding spending and balances in public finances, stability and a possibility to follow up achievements on budgetary targets and strategies.
Amendment 128 #
Proposal for a regulation
Recital 5 b (new)
Recital 5 b (new)
(5b) The improved economic governance framework should be focused on indicators crucial for financial and fiscal stability, an effective framework for preventing and correcting excessive budgetary positions (the Stability and Growth Pact), a robust framework for preventing and correcting macroeconomic imbalances, enhanced financial market regulation and supervision (including macro-prudential supervision by the European Systemic Risk Board) and a credible permanent crisis resolution mechanism.
Amendment 129 #
Proposal for a regulation
Recital 5 d (new)
Recital 5 d (new)
(5d) Strengthening economic governance, committed to by Member States' governments, should be based upon clear and transparent rules which are easy to supervise and follow-up upon with timely involvement of the European Parliament and the national parliaments throughout the economic policy coordination procedures.
Amendment 134 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) Member States shall, in the framework of national budgetary law, set targets for deficits and surpluses for three years ahead, aiming for medium-term balance in public finances.
Amendment 164 #
Proposal for a regulation
Recital 10
Recital 10
(10) A temporary departure from prudent fiscal policy-making should only be allowed in the exceptional case of severe economic downturn of a general nature in order to facilitate economic recovery.
Amendment 175 #
Proposal for a regulation
Recital 11
Recital 11
(11) In the event of a significant deviation from prudent fiscal-policy a warning should be addressed to the Member State concerned and in case the significant deviation persists or is particularly serious, a recommendation should be addressed to the Member State concerned to take the necessary corrective measures. The Commission shall report to the European Parliament, and its competent committee, on significant deviations by a Member State and its recommendations regarding corrective measures.
Amendment 179 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) The Council and the Commission should make their positions and decisions public at the appropriate stages of the economic policy coordination procedures, in order to ensure effective peer pressure. The Commission shall present and explain the preventive and corrective actions recommended to a Member State to the European Parliament and its competent committee.
Amendment 197 #
Proposal for a regulation – amending act
Article 1 – point -1 (new)
Article 1 – point -1 (new)
Regulation (EC) No 1466/97
Article 1
Article 1
Amendment 220 #
Proposal for a regulation – amending act
Article 1 – point 1 c (new) – point b(new)
Article 1 – point 1 c (new) – point b(new)
Amendment 258 #
Proposal for a regulation – amending act
Article 1 – point 2 – subpoint b a (new)
Article 1 – point 2 – subpoint b a (new)
(ba) In Article 3, the following paragraph is inserted 2a. Budgetary forecasts shall lay the ground for decisions on limits for spendings and targets for the balance of public finances in order to establish a criterion to follow-up and supervise.
Amendment 263 #
Proposal for a regulation – amending act
Article 1 – point 2 – subpoint c
Article 1 – point 2 – subpoint c
Regulation (EC) No 1466/97
Article 3 – paragraph 3
Article 3 – paragraph 3
3. The information about the paths for the general government balance and debt ratio, the growth of government expenditure, the planned growth path of government revenue at unchanged policy, the planned discretionary revenue measures, the paths of current account balance and foreign debt and the main economic assumptions referred to in paragraph 2(a) and (b) shall be on an annual basis and shall cover, the preceding year, the current year and at least the following three years.
Amendment 275 #
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
Regulation (EC) No 1466/97
Article 5 – paragraph 1 – subparagraph 2
Article 5 – paragraph 1 – subparagraph 2
The Council, when assessing the adjustment path toward the medium-term budgetary objective, shall examine if the Member State concerned pursues an appropriate annual improvement of its cyclically-adjusted budget balance, net of one-off and other temporary measures, required to meet its medium-term budgetary objective, with 0.51% of GDP as a benchmark. For Member States with a high level of debtgovernment debt above 60% of GDP or excessive macroeconomic imbalances or both, the Council shall examine whether the annual improvement of the cyclically-adjusted budget balance, net of one-off and other temporary measures is higher than 0.51% of GDP. The Council shall take into account whether a higher adjustment effort is made in economic good times, whereas the effort may be more limited in economic bad times.
Amendment 321 #
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
Regulation (EC) No 1466/97
Article 5 – paragraph 1 – subparagraph 5
Article 5 – paragraph 1 – subparagraph 5
The prudent medium-term of growth should be assessed on the basis of projections over a tenfive-year horizon updated at regular intervals.
Amendment 376 #
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC) No 1466/97
Article 6 – paragraph 2 – first subparagraph
Article 6 – paragraph 2 – first subparagraph
In the event of a significant deviation from prudent fiscal-policy making referred in the fourth subparagraph of Article 5(1) of this rRegulation, and in order to prevent the occurrence of an excessive deficit, the Commission, in accordance with Article 121(4) of the Treaty may address a warning to the Member State concerned. TFEU may address a warning to the Member State concerned. Such a warning shall be made public. The Commission shall present and explain its recommendations to the Member State concerned to the European Parliament and its competent committee. In the event of such significant deviation, the Commission may require additional reporting from the Member State concerned. The Council shall, within one month of any significant deviation as referred to in the first subparagraph, adopt a recommendation for policy measures setting a deadline of no more than five months, for addressing the deviation, on the basis of a Commission recommendation, based on Article 121(4) TFEU. In the event of a particularly significant deviation or in a particularly serious situation, the deadline shall be no more than three months. The Council, on a proposal from the Commission, shall make the recommendation public. The Commission shall monitor the measures contained in the recommendation on the basis of surveillance visits in accordance with Article 6a and prepare a report to the Council. That report may be made public. If the Member State concerned fails to take appropriate action within the deadline specified in a Council recommendation under the second subparagraph, the Council shall immediately adopt a final recommendation setting out the noncompliance of the Member State on the basis of a further Commission recommendation in accordance with Article 121(4) TFEU. At the same time, the Council, on a proposal from the Commission, shall address a formal report to the European Council. The process from the Council recommendation referred to in the second subparagraph to the final Council recommendation and report to the European Council referred to in the fourth subparagraph shall be no longer than six months.
Amendment 385 #
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC) No 1466/97
Article 6 – paragraph 2 – subparagraph 2
Article 6 – paragraph 2 – subparagraph 2
A deviation from prudent fiscal policy making shall be considered significant if the following conditions occur: an excess over the expenditure growth consistent with prudent fiscal policy-making, not offset by discretionary revenue-increasing measures; or discretionary revenue- decreasing measures not offset by reductions in expenditure; and the deviation has a total impact on the government balance of at least 0.25 % of GDP in one single year or of at least 0.251 % of GDP on average per year in two consecutive years.
Amendment 408 #
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC) No 1466/97
Article 6 – paragraph 3
Article 6 – paragraph 3
3. In the event that the significant deviation from prudent fiscal-policy making persists or is particularly serious, the Council, on a recommendation from the Commission, shall address a recommendation to the Member State concerned to take the necessary adjustment measures. The Council, on a proposal from the Commission, shall make the recommendation public may reject such a Commission recommendation by qualified majority. The Council shall make the recommendation public and shall be invited to the European Parliament in order to explain its decision before the competent committee.
Amendment 430 #
Proposal for a regulation – amending act
Article 1 – point 6 – subpoint c
Article 1 – point 6 – subpoint c
Regulation (EC) No 1466/97
Article 7 – paragraph 3
Article 7 – paragraph 3
3. The information about the paths for the general government balance and debt ratio, the growth of government expenditure, the planned growth path of government revenue at unchanged policy, the planned discretionary revenue measures, the paths of current account balance and foreign debt and the main economic assumptions referred to in paragraph 2(a) and (b) shall be on an annual basis and shall cover the preceding year, the current year and at least the following three years.
Amendment 442 #
Proposal for a regulation – amending act
Article 1 – point 8
Article 1 – point 8
Regulation (EC) No 1466/97
Article 9 – paragraph 1 – subparagraph 2
Article 9 – paragraph 1 – subparagraph 2
The Council, when assessing the adjustment path toward the medium-term budgetary objective, shall take into account whether a higher adjustment effort is made in economic good times, whereas the effort may be more limited in economic bad times. For Member States with a high level of debt or excessive macroeconomic imbalances or both, the Council shall examine whether the annual improvement of the cyclically-adjusted budget balance, net of one-off and other temporary measures is higher than 0.51% of GDP. For ERM2 Member States, the Council shall examine if the Member State concerned pursues an appropriate annual improvement of its cyclically adjusted balance, net of one-off and other temporary measures, required to meet its medium- term budgetary objective, with 0.51% of GDP as a benchmark.
Amendment 483 #
Proposal for a regulation – amending act
Article 1 – point 8
Article 1 – point 8
Regulation (EC) No 1466/97
Article 9 – paragraph 1 – subparagraph 5
Article 9 – paragraph 1 – subparagraph 5
The prudent medium-term of growth should be assessed on the basis of projections over a tenfive-year horizon updated at regular intervals.
Amendment 508 #
Proposal for a regulation – amending act
Article 1 – point 8
Article 1 – point 8
Regulation (EC) No 1466/97
Article 9 – paragraph 1 – subparagraph 9
Article 9 – paragraph 1 – subparagraph 9
Amendment 529 #
Proposal for a regulation – amending act
Article 1 – point 9
Article 1 – point 9
Regulation (EC) No 1466/97
Article 10 – paragraph 2 – first subparagraph
Article 10 – paragraph 2 – first subparagraph
In the event of a significant deviation from prudent fiscal-policy making referred to in the fourth subparagraph of Article 9(1) of this Regulation, and in order to prevent the occurrence of an excessive deficit, the Commission, in accordance with Article 121(4) of the Treaty may address a warning to the Member State concerned. TFEU, may address a warning to the Member State concerned. Such a warning shall be made public. The Commission shall present and explain its decision to the European Parliament and its competent committee. In the event of such a significant deviation, the Commission may require additional reporting from the Member State concerned. The Council shall, within one month of any significant deviation as referred to in the first subparagraph,, adopt a recommendation for policy measures setting a deadline of no more than five months for addressing the deviation, on the basis of a Commission recommendation, based on Article 121(4) TFEU. In the event of a particularly significant deviation or in a particularly serious situation, the deadline shall be no more than three months. The Council, on a proposal from the Commission, shall make the recommendation public. The Commission shall monitor the measures contained in the recommendation on the basis of surveillance visits in accordance with Article 6a and prepare a report to the Council. That report may be made public. If the Member State concerned fails to take appropriate action within the deadline specified in a Council recommendation under the second subparagraph, the Council shall immediately adopt a final recommendation setting out the noncompliance of the Member State, on the basis of a further Commission recommendation in accordance with Article 121(4) TFEU. At the same time, the Council, on a proposal from the Commission, shall address a formal report to the European Council. The process from the first Council recommendation referred to in the second subparagraph to the final Council recommendation and report to the European Council referred to in the fourth subparagraph shall be no longer than six months.
Amendment 533 #
Proposal for a regulation – amending act
Article 1 – point 9
Article 1 – point 9
Regulation (EC) No 1466/97
Article 10 – paragraph 2 – subparagraph 2
Article 10 – paragraph 2 – subparagraph 2
A deviation from prudent fiscal policy making shall be considered significant if the following conditions occur: an excess over the expenditure growth consistent with prudent fiscal policy-making, not offset by discretionary revenue-increasing measures; or discretionary revenue- decreasing measures not offset by reductions in expenditure; and the deviation has a total impact on the government balance of at least 0.25% of GDP in one single year or of at least 0.251% of GDP on average per year in two consecutive years.