15 Amendments of Corien WORTMANN-KOOL related to 2012/2151(INI)
Amendment 148 #
Motion for a resolution
Recital V
Recital V
V. whereas the growing divide between core and peripheral countries in the Union should not become chronic in nature; whereas a permanent framework must be created in which Member States in difficulty should be able to rely on solidarity-based support from other Member States; whereas those Member States which desire solidarity should be aoble toiged take up their responsibility for implementing the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union as well as their country-specific recommendations and their engagements under the European Semester, in particular those related to the stability and growth pact (SGP), the Euro- plus pact and the macro-economic imbalances procedure;
Amendment 273 #
Motion for a resolution
Recital AT
Recital AT
AT. whereas European supervision of financial institutions within the euro area is anEMU as well as strengthening the role of EBA in preserving the internal market are absolute priorityies to take measures to tackle the crisis;
Amendment 346 #
Motion for a resolution
Recital BG
Recital BG
BG. whereas the introduction of a single European deposit guarantee fund should be the ultimate goal, further increasing the credibility of the scheme; the development of a similar scheme is justified considering the introduction of a European structure for prudential supervision and a European recovery and resolution framework; whereas for the short term the adoption of the current deposit guarantee scheme and crisis resolution framework proposals has absolute priority;
Amendment 372 #
Motion for a resolution
Recital BJ
Recital BJ
BJ. whereas a single European recovery and resolution authority (ERRA) should be established, preferably in parallel with the single supervisory mechanism as an ultimate goal, for restoring the viability of banks in difficulties and resolving non-viable financial institutions; whereas for the short term the adoption of the current crisis management framework proposals has absolute priority;
Amendment 435 #
Motion for a resolution
Recital BV
Recital BV
BV. whereas supplementary mechanisms are needed to ensure that all Member States respect their engagements in their individual budgetary procedures, where it cannot be excluded that the role of the European Commissioner for Economic and Monetary Affairs needs to be reinforced should strengthen, and not weaken, the current economic governance framework; whereas the independent role of the European Commissioner for Economic and Monetary Affairs as established in the 'six-pack' needs to be reinforced, accompanied by strong accountability mechanisms to both the European Parliament and the Council;
Amendment 445 #
Motion for a resolution
Recital BX
Recital BX
BX. whereas options should be explored for the feasibility of a euro area stabilisation instrument to counter and absorb economic shocks in the Member Statthe Stability and Growth Pact is by design a cyclical stabilisation instrument which, by allowing Member States to run a deficit up to 3 %, enables to counter and absorb economic shocks in the Member State; whereas this anti- cyclical policy can only work if the Member States achieve budgetary surpluses during good times; whereas financial assistance mechanisms such as the ESM are less rapidly deployable than conventional budgetary mechanismsa last resort measure;
Amendment 458 #
Motion for a resolution
Recital BZ
Recital BZ
BZ. whereas the common issuance of debt iscould, in the longer run, a corollary ofnd after fulfilment of strict conditions, be a possible way to supplement EMU;
Amendment 493 #
Motion for a resolution
Recital CC
Recital CC
CC. whereas the European Semester, as outlined in the preventive arm of the Stability and Growth Pact, offers a good framework to coordinate budgetary and economic policies implemented at national level in line with the country-specific recommendations adopted by the Council;
Amendment 504 #
Motion for a resolution
Recital CD
Recital CD
CD. whereas fiscal discipline is a necessary but not a sufficient condition to get out of the crisis, in-depth structural reforms and initiatives are also needeconsolidation and structural reforms are needed to get out of the crisis and to ensure a qualitative and sustainable growth and employment in a socially just societ, reflecting the reality of membership of EMU within a social market economy;
Amendment 507 #
Motion for a resolution
Recital CE
Recital CE
Amendment 582 #
Motion for a resolution
Recital CO a (new)
Recital CO a (new)
COa. whereas the executive powers of the Commission in the rules-based approach to the economic governance framework, as established in particular in the reinforced Stability and Growth Pact and the macroeconomic surveillance mechanism, should be subject to ex post democratic control by, and accountability to, the European Parliament;
Amendment 584 #
Motion for a resolution
Recital CP
Recital CP
Amendment 688 #
Motion for a resolution
Annex – part 1 – point 1.2 – paragraph 1
Annex – part 1 – point 1.2 – paragraph 1
The legislative act to be adopted should update and supplement the Commission's proposal of 12 July 2010 for a directive on Deposit Guarantee Schemes should be adopted as soon as possible in order to introduce a stronger European dimension to deposit protection and should open up for a long term perspective on a single European deposit guarantee scheme.
Amendment 720 #
Motion for a resolution
Annex – part 1 – point 1.3 – paragraph 1
Annex – part 1 – point 1.3 – paragraph 1
The legislative act to be adopted should update and supplement the current proposal for a directive establishing a framework for the recovery and resolution of credit institutions and investment firms should be adopted as soon as possible in order to create a European scheme for the application of resolution measures to institutions subject to direct supervision under the single supervisory mechanismand open up to the creation of a single European recovery scheme.
Amendment 812 #
Motion for a resolution
Annex – part 3 – point 3.2 – paragraph 1
Annex – part 3 – point 3.2 – paragraph 1