19 Amendments of Wolf KLINZ related to 2013/2076(INI)
Amendment 5 #
Motion for a resolution
Recital A
Recital A
A. whereas, according to the Commission services' spring 2013 forecast, GDP in the eurozone fell by 0.6 % in 2012 , after a rise of 1.4 % in 2011 and will contract by 0.4 % in 2013 before rising by 1.2 % in 2014;
Amendment 8 #
Motion for a resolution
Recital B
Recital B
B. whereas, according to the same forecast, unemployment in the eurozone rose from 10.2 % at the end of 2011 to 11.4 % at the end of 2012 and risks further increasing to 12.2 % in 2013 before slightly decreasing again in 2014;
Amendment 40 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Is deeply concerned at the fact that persistently weak economic conditions are becoming the norm in Europe, creating overwhelmingcreate discontent among European citizens and therefore jeopardising the wholwith the European project;
Amendment 47 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the decisions of July 2012 to reduce the key ECB interest rates in the context of very low inflation expectations and weak economic activity; recalls that, in the long term, very low interest rates may cause distortions in the business sector and harm private savings and pension plans;
Amendment 61 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Considers that the three-year LTRO settled on March 2012 contributed to stabilising the banking system, but that this should be a temporary measure; notes that, despite the liquidity injected into the banking system by the LTRO, the credit available to the real economy is still below pre-crisis levels; suggests that it would be appropriate for the ECB to reduce its deposit facility rate to negative values in order to encourage banking lending to the real economy;
Amendment 86 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Welcomes the setting-up of the OMTs, with no ex ante quantitative limits, in order to safeguard monetary policy transmission, but deplores the decision to link the activation of the OMT to strict conditionalities attached to an EFSF/ESM programme; calls on the ECB to activate OMTs independently from strict conditionality;
Amendment 103 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Considers unnecessaryWelcomes the full sterilisation of the liquidity injected by the OMTs, as inflation expectations remain extremely low in a context of weak economic activity;
Amendment 110 #
Motion for a resolution
Paragraph 9
Paragraph 9
Amendment 133 #
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 149 #
Motion for a resolution
Paragraph 11
Paragraph 11
Amendment 158 #
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 176 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Underlines that the ECB's independence should not justify lack of democratic accountabie need for democratic accountability with regard to the SSM and the ECB's involvement in the Troika, while stressing the ECB's independence in the field of monetary politcy;
Amendment 178 #
Motion for a resolution
Subheading 2
Subheading 2
Amendment 179 #
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 181 #
Motion for a resolution
Paragraph 15
Paragraph 15
Amendment 186 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 204 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Stresses the importance of a fruitful cooperation between the ECB and the competent national authorities within the framework of the SSM, in order to ensure an effective and smooth supervision, while guaranteeing full separation between monetary policy and supervision;
Amendment 222 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Considers it urgent to approve the establishment of a European Resolution System in order to protect depositors and prevent fur, to reinforce the stability of ther banking crisessystem as well as to prevent the "too big to fail" syndrome ;
Amendment 225 #
Motion for a resolution
Paragraph 25
Paragraph 25