27 Amendments of Wolf KLINZ related to 2008/2334(INI)
Amendment 30 #
Motion for a resolution
Recital C
Recital C
C. whereas the consequences of the financial crisis on the real economy result in exceptional economic circumstances that require exceptimely, targeted and proportional measures and decisions, and whereas public intervention, although inevitable, drives a wedge between the gains of the private sector in the recent past and the losses of the public sector in the present and near future,
Amendment 40 #
Motion for a resolution
Recital F
Recital F
F. whereas joining the euro has proved to enhance economic stability in the Member States; whereas, however, citizens expect, particularly in a time of economic recession, a strong enforcement of the Treaty provisions on social and regional cohesionresponsible government intervention to counter the economic downturn and offset the social effects, whilst preserving the rules and principles that guarantee a strong and stable single currency,
Amendment 42 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas it is of the utmost importance that confidence is restored in order to allow for an orderly functioning of the financial markets and to dampen the effects on the real economy,
Amendment 45 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. welcomes the Commission'’s prompt initiative to launch a European economic recovery plan (Recovery Plan) as a reaction to the serious ongoing downturn; regrets, however, that the Community dimension of that proposal amounts to only 15 % of the budget for the recovery programmeeconomic downturn;
Amendment 52 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. stresses that the top priority of the Recovery Plan must be to protect citizens of the Union from the effects of the financial crisis, as they are the most strongly affected whether as workers, as members of households, or as entrepreneurscounter the economic decline whilst intensifying its strategy to strengthen the EU economy and labour market and improving the framework conditions for growth and job creation;
Amendment 59 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
Amendment 66 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. strongly regrets the absence of clear growth and job benchmarks and targets from the Recovery Plan; calls for the European Union to agree on sustainable job creation, the safeguarding of employment, and the prevention of mass unemployment as its most important common goals, which should determine the size and components of the Recovery Plancalls for the European Union to step up its efforts to invest in skills training and sustainable job creation, and the prevention of mass unemployment;
Amendment 75 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. strongly calls for new horizontal initiatives at European Union level, given that different national capacities and margins of budgetary manoeuvre may generate very asymmetric outcomes across Europe; recalls, however, the responsibility of each Member State to exercise fiscal discipline and structural reforms;
Amendment 82 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. calls on the Commission to give clear guidance on the interpretation of the flexibility clause of the revised Stability and Growth Pact, namely when addressingto assess whether short-term investment decisions which are compatible with medium-term budgetary targets and conducive to sustainable growth and long-term Lisbon goals;
Amendment 84 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. notes with concern the rapid rise of public debt and budget deficits; concerned that public debts may become an excessive burden for future generations;
Amendment 107 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. insists on the need for conditionality to be attached to the banking sector rescue plans in terms of dividend distribution, remuneration policy, provision of credit, lending conditions and protection of social policy terms;
Amendment 111 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. underlines the importance of ensuring that central interest rate cuts are passed on to borrowers;
Amendment 132 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. reaffirms that more transparency and better risk-management as well as coordinated supervision provide most of the solutions to further crisis-prevention and that the regulatory reform must be all- encompassing, applying to all actors and transactions in the financial markets; underlines that regulatory initiatives must cover executive remuneration, transparency, leverage, capital requirements and securitisationpoints to the fact that the global nature of financial markets necessitates an international coordination of reforms; underlines that regulatory initiatives must aim at creating transparency, sustainability, stability and responsibility in the market; reminds the Commission of its obligation to respond to Parliament's requests on the regulation of hedge funds and private equity;
Amendment 142 #
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 148 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. underlines the need to guarantee minimum living standards for all citizens of the Union and calls for adequate emergency measures to be taken; calls for social policies to be adapted to cope with the recession, supporting active labour market policies, living conditions (in particular in the housing market and access to quality public services) and paying special attention to the most vulnerable members of society;
Amendment 151 #
Motion for a resolution
Paragraph 22
Paragraph 22
Amendment 157 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22a. warns against the undue loosening of the EU competition rules, as this might weaken the internal market; is concerned that national responses to the economic downturn may lead to protectionism and distortion of competition, which, in the long term, would seriously undermine the economic prosperity of the citizens of the Union;
Amendment 162 #
Motion for a resolution
Paragraph 24
Paragraph 24
Amendment 164 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. welcomes all the Commission proposals that simplify and accelerate access to the available cohesion instruments, and speed up project implementation, namely through anticipating funds, temporarily increasing community support rates, and improving technical assistance and accelerating payment procedures;
Amendment 180 #
Motion for a resolution
Paragraph 29 a (new)
Paragraph 29 a (new)
29a. stresses the need to reduce the bureaucratic burden on investment projects co-financed by private companies; therefore calls on the Commission and the Member States to take measures that accelerate and facilitate investments;
Amendment 183 #
Motion for a resolution
Paragraph 32
Paragraph 32
32. calls for adequate detailed criteria and standards to be developed for close monitoring and permanent reregular assessment of the effectiveness of the recovery plans, bearing in mind that the full extent of the crisis cannot yet be totally assessed;
Amendment 186 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. considerunderlines that the present disinflationary recessive environment renders a broad interpretation of the ECB mandate crucial; underlines that the ECB has a responsibility to ensure supportive monetary policy for recovery in the euro areaECB has a major role in ensuring that its monetary policy is conducive to recovery in the euro area; recalls the independence of the ECB and its mission to ensure price stability;
Amendment 189 #
Motion for a resolution
Paragraph 33 a (new)
Paragraph 33 a (new)
33a. considers that due to rising public debt levels the political pressure to allow for higher inflation in the medium term will rise; underlines that the ECB is fully independent and follows the goal of price stability;
Amendment 192 #
Motion for a resolution
Paragraph 34 - indent 2
Paragraph 34 - indent 2
- the establishment of a binding framework for Member States within which consult each other andconsultation and coordination between Member States and with the Commission before takingon major economic policy decisions, based on a common understanding of problems and priorities while accepting some national specificities;
Amendment 202 #
Motion for a resolution
Paragraph 35
Paragraph 35
35. considers that involvement of the European Investment Bank (EIB) is crucial and that a large share of lending referred to in the Recovery Plan is within its competence; welcomes the Member States' agreement on a capital increase for the EIB; recalls that some of the EIB interventions also require support from the EU budget, but that this is not currently provided for in the Recovery Planemphasises the EIB role in refinancing commercial banks, including existing PPP structures;
Amendment 205 #
Motion for a resolution
Paragraph 36
Paragraph 36
Amendment 215 #
Motion for a resolution
Paragraph 38
Paragraph 38
38. recommends a flexible approach to the European budget spending structure, reinforcing its internal social and cohesion dimensions; strongly supports the mobilisation ofproposes to assess the options for using unspent EU funds tofor priorities identified under a cohesion framework;