BETA

Activities of Wolf KLINZ related to 2012/2028(INI)

Plenary speeches (1)

Feasibility of introducing stability bonds (debate)
2016/11/22
Dossiers: 2012/2028(INI)

Amendments (21)

Amendment 1 #
Motion for a resolution
Citation 1
having regard to the enhanced economic governance framework of the Union, including the six-pack, theParliament’s agreed-upon proposals for thcominge two-pack and the fiscal compact;
2012/07/12
Committee: ECON
Amendment 52 #
Motion for a resolution
Paragraph 2
2. Welcomes the fiscal consolidation and structural reform efforts undertaken by Member StatesCalls on the Member States to continue to pursue fiscal consolidation and structural reform and to comply strictly with the earlier commitments and agreements concluded;
2012/07/12
Committee: ECON
Amendment 73 #
Motion for a resolution
Paragraph 4
4. Believes that there is an urgent need to further discusstake action with regard to a longer-term vision for the euro area which ensures sound public finances, sustainable growth and high levels of employment, preventing moral hazard and supporting convergence;
2012/07/12
Committee: ECON
Amendment 81 #
Motion for a resolution
Paragraph 4 a (new)
4a. Notes that the mutualisation of public debt violates provisions of the constitutional law in some Member States.
2012/07/12
Committee: ECON
Amendment 106 #
Motion for a resolution
Paragraph 7
7. Believes that the prospect of common bonds can only foster stability in the euro area and be an additional element to incentivise compliance with the stability and growth pact; reiterates its position that sequencing is a key issue involving a binding roadmap, included in the annex, similar to the Maastricht criteria for introducing the single currencincentivising element if the provisions of the stability and growth pact are complied with in the long term and in a comprehensive way;
2012/07/12
Committee: ECON
Amendment 121 #
Motion for a resolution
Paragraph 7 a (new)
7a. Reiterates that as a necessary precondition for any common issuance of bonds, enhanced economic governance in the euro area surveying and enforcing fiscal policies needs to be in place.
2012/07/12
Committee: ECON
Amendment 126 #
Motion for a resolution
Paragraph 7 b (new)
7b. Emphasises that a prerequisite for bond market stability in the euro area and the common currency is strict compliance with the agreed-upon budgetary criteria;
2012/07/12
Committee: ECON
Amendment 128 #
Motion for a resolution
Paragraph 7 c (new)
7c. Acknowledges that inadequate competitiveness and a failure to undertake structural reforms are a crucial factor, in real economic terms, in the continuing decline in the budget situation of a country;
2012/07/12
Committee: ECON
Amendment 149 #
Motion for a resolution
Paragraph 9
9. Urges Member States to seriously consider the immediate issuance of common short-term debt in the form of eurobills to protect Member States with fundamentally sustainable fiscal polices from illiquidity runs and the negative feedback loop between sovereign and banking crises;deleted
2012/07/12
Committee: ECON
Amendment 167 #
Motion for a resolution
Paragraph 10
10. Calls on the Commission to prepare contingency plans allowing a rapid implementation of theseis schemes;
2012/07/12
Committee: ECON
Amendment 179 #
Motion for a resolution
Paragraph 11
11. Believes that, in parallel, there is an urgent need to recapitalise the European banking sector and to further complete financial integrationthe single market for financial services in the EU; calls on the Commission to put forward proposals for a single financial supervisory authority to oversee systemic financial institutions, a banking resolution regime including a recapitalisation fund and an EU-wideand eventually harmonised deposit guarantee schemes in all Member States;
2012/07/12
Committee: ECON
Amendment 194 #
Motion for a resolution
Paragraph 12
12. Believes that the issuance of common bonds under separate liability, similar to the EFSF bond, risks not being sufficiently attractive for investors and that the roadmap should therefore include a system, which does not require any Treaty change, for the allocation of debt below 60 % of GDP to be issued under joint and several liabilities (blue- bond/red-bond proposal);deleted
2012/07/12
Committee: ECON
Amendment 204 #
Motion for a resolution
Paragraph 13
13. Believes that if the blue-bond/red- bond system proves to be beneficial to the euro area as a whole, a further step, requiring a Treaty change, should be envisaged, which is the issuance of bonds under joint and several liability;deleted
2012/07/12
Committee: ECON
Amendment 220 #
Motion for a resolution
Paragraph 14
14. Advocates, following the implementation of short-term measures to exit the crisis, the setting-up of a committee inspired by the Delors Committee of 1988, including representatives from Member States, the Commission and the ECB; believes that this committee should evaluate progress and make recommendations for further steps with regard to post-crisis phases, to be discussed in Parliament; takes the view that this committee should also look at the possibility of issuing genuine federal bonds;.
2012/07/12
Committee: ECON
Amendment 231 #
Motion for a resolution
Annex - Title
The RoadmapExplanatory notes on the various proposals on joint sovereign debt
2012/07/12
Committee: ECON
Amendment 233 #
Motion for a resolution
Annex - Phase 1 - Title
Phase 1 - Immediate measures to exit the crisisdeleted
2012/07/12
Committee: ECON
Amendment 237 #
Motion for a resolution
Annex - Phase 1 - Point 1 - Subtitle 1
1.Proposal 1: Setting up of a temporary European redemption fund to reduce debt to sustainable levels at affordable interest rates
2012/07/12
Committee: ECON
Amendment 271 #
Motion for a resolution
Annex - Phase 1 - Point 2 - Subtitle 2
2.Proposal 2: Introducing eurobills to protect Member States from illiquidity runs, in conjunction with an amendment of the Treaties;
2012/07/12
Committee: ECON
Amendment 276 #
Motion for a resolution
Annex - Phase 1 - Point 2 - Paragraph 1
The Commission makes a proposal for the immediatproposal for considering the setting up of a system for the issuance of common short-term debt alis based ong the following principles:
2012/07/12
Committee: ECON
Amendment 305 #
Motion for a resolution
Annex - Phase 2 - Title
Phase 2 - Broposal 3 - introduction of blue bond proposal: yearly allocated debt ≤ 60 % of GDP to be issued in common withoutand a Treaty change
2012/07/12
Committee: ECON
Amendment 330 #
Motion for a resolution
Annex - Phase 3 - Title
Phase 3 –roposal 4 - Common issuance of national debt involving a Treaty change
2012/07/12
Committee: ECON