1 Amendments of Markus PIEPER related to 2017/0333R(APP)
Amendment 25 #
Draft opinion
Paragraph 5
Paragraph 5
5. Understands the need for the Member States to validate decisions that have an impact on fiscal resources; stressRecognises the budgetary powers of national parliaments over decisions that have an impact on fiscal resources and stresses the need for Member States to therefore validate such decisions; acknowledges, however, that the EMF is an instrument for crisis management, and should therefore be able to act swiftly; calls for the right balance to be struck between, on the one hand, ensuring democratic control of the EMF and its accountability to the participating Member States and, on the other hand, the need to enable the requisite actions to be taken quickly, in particular by preventing an overly cumbersome decision-making process when approval has to be obtained from the Council; welcomes the provisions that ensure the transparency of the EMF and its accountability to the national parliaments of the EMF members and of the other participating Member States.