[ParlTrack]

Wolf KLINZ, Anneli JÄÄTTEENMÄKI, Gunnar HÖKMARK

Proposal for a regulation
Recital 10

(10) The size of the interest-bearing deposit, of the non-interest-bearing deposit and of the fine provided for in this Regulation should be set in such a way as to ensure a graduation of sanctions in the preventive and corrective parts of the Stability and Growth Pact and to provide sufficient incentives for the Member States whose currency is the euro to comply with the fiscal framework of the Union. The fine linked to Article 126(11) of the Treaty as specified in Article 12 of Regulation (EC) No 1467/974 is composed of a fixed component that equals 0.24% of GDP and of a variable component. Thus, graduation and equal treatment between Member States are ensured if the interest-bearing deposit, the non-interest-bearing deposit and the fine specified in this Regulation are equal to 0.24% of GDP, the size of the fixed component of the fine linked to Article 126(11) of the Treaty.

2011/02/16
Committee: ECON

Wolf KLINZ, Gunnar HÖKMARK

Proposal for a regulation
Recital 11

(11) A possibility should be provided for the Council to reduce or to cancel the sanctions imposed on Member States whose currency is the euro on the basis of a Commission proposal following a reasoned request by the Member State concerned. In the corrective part of the Stability and Growth Pact, the Commission should also be able to propose to reduce the size of a sanction or to cancel it on grounds of exceptional economic circumstances.deleted

2011/02/16
Committee: ECON

Wolf KLINZ, Anneli JÄÄTTEENMÄKI, Gunnar HÖKMARK

Proposal for a regulation
Article 3 – paragraph 2

2. The interest-bearing deposit to be proposed by the Commission shall amount to 0.24% of the gross domestic product (GDP) of the Member State concerned in the preceding year.

2011/02/16
Committee: ECON

Wolf KLINZ, Gunnar HÖKMARK

Proposal for a regulation
Article 3 – paragraph 4

4. By derogation from paragraph 2, the Commission, following a reasoned request by the Member State concerned addressed to the Commission within ten days of adoption of the Council recommendation referred to on paragraph 1, may propose to reduce the amount of the interest- bearing deposit or to cancel it.deleted

2011/02/16
Committee: ECON

Wolf KLINZ, Anneli JÄÄTTEENMÄKI, Gunnar HÖKMARK

Proposal for a regulation
Article 4 – paragraph 2

2. The non-interest-bearing deposit to be proposed by the Commission shall amount to 0.24% of the GDP of the Member State concerned in the preceding year.

2011/02/16
Committee: ECON

Wolf KLINZ, Gunnar HÖKMARK

Proposal for a regulation
Article 4 – paragraph 4

4. By derogation from paragraph 2 of this Article, the Commission may, on grounds of exceptional economic circumstances or following a reasoned request by the Member State concerned addressed to the Commission within ten days of adoption of the Council decision in accordance with Article 126(6) of the Treaty, propose to reduce the amount of the non-interest- bearing deposit or to cancel it.deleted

2011/02/16
Committee: ECON

Wolf KLINZ, Anneli JÄÄTTEENMÄKI, Gunnar HÖKMARK

Proposal for a regulation
Article 5 – paragraph 2

2. The fine to be proposed by the Commission shall amount to 0.24% of the GDP of the Member State concerned in the preceding year.

2011/02/16
Committee: ECON

Wolf KLINZ, Gunnar HÖKMARK

Proposal for a regulation
Article 5 – paragraph 4

4. By derogation from paragraph 2 of this Article, the Commission may, on grounds of exceptional economic circumstances or following a reasoned request by the Member State concerned addressed to the Commission within ten days of adoption of the Council decision in accordance with Article 126(8) of the Treaty, propose to cancel or to reduce the amount of the fine.deleted

2011/02/16
Committee: ECON

8 Amendments of Wolf KLINZ related to 2010/0278(COD)

ParlTrack - 2011-2024