6 Amendments of Andreas MÖLZER related to 2012/2028(INI)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. WelcomeRegards the Commission’s Green Paper which represents a goodas a starting point to assess possible solutions to foster financial stability, budgetary discipline and economic growth within the EU;
Amendment 4 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses that fullthe proposed experiment involving the substitution of stabilityo-called euro bond issuance for national issuance would constitute the most suitable response to the sovereign debt, incorrectly referred to by the more harmless term ‘stability bonds’, is not a suitable solution for the euro crisis; also considers, however, that the relevant prerequisites in terms of economic, financial and political integration still need tohave not been fulfilled and should not be fulfilled; considers, therefore, that it seems appropriate to proceed gradually, particularly with regard to the legal implementation of stabilityabandon the idea of euro bonds;
Amendment 5 #
Draft opinion
Paragraph 3
Paragraph 3
3. Considers that consistency with EU law is a precondition for the introduction of stability bonds; accordingly, emphasises the need for a solid legal framework in order to provide financial market stability in a way which is compatible with the Treaty while reducing the risks of moral hazard and enhancing fiscal disciplineand the laws of the individual Member States is a precondition for the introduction of euro bonds;
Amendment 8 #
Draft opinion
Paragraph 4
Paragraph 4
4. Is aware that the introduction of stability bonds can improve the implementeuro bonds can threaten the consolidation of budgets, particularly in countries with high budgetary deficits; in this context draws attention to the rapid deterioration of the budgetary policies at Member State levelsituation in the highly indebted euro area countries after the introduction of the euro and the associated significant reduction in refinancing interest rates; points out, on the other hand, that further measures in terms of economic governance might necessitate Treaty changes and require long-term implementation; would further undermine national sovereignty and should therefore be rejected;
Amendment 10 #
Draft opinion
Paragraph 5
Paragraph 5
5. Shares the Commission’s concerns with regard to accounting issues relating to the treatment of stability bonds under national law; uUrges the Commission comprehensively to assess the impact of different guarantee structures for stabilityeuro bonds on national debt- to-GDP ratios;
Amendment 14 #
Draft opinion
Paragraph 6
Paragraph 6
6. Invites the Commission further to explore the possible combination of approaches through gradual implementation; to this end, considers that an introduction of stability bonds based on a partial approach could ease to distance itself from the introduction of euro bonds, as joint and several liability is not in the spirit of European solidarity, nor can it be assumed that it will meet withe market acceptance while overcoming legal constraints;