Activities of Antolín SÁNCHEZ PRESEDO related to 2011/0385(COD)
Plenary speeches (1)
Economic and budgetary surveillance of Member States with serious difficulties with respect to their financial stability in the euro area - Monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area (debate)
Amendments (6)
Amendment 92 #
Proposal for a regulation
Article 1 – paragraph 1 a (new)
Article 1 – paragraph 1 a (new)
1a. This Regulation also sets out provisions for strengthening economic and budgetary cooperation between the Member States referred to in Article 1(1) and the other Member States of the European Union.
Amendment 114 #
Proposal for a regulation
Article 2 – paragraph 3 a (new)
Article 2 – paragraph 3 a (new)
3a. Placing a Member State under enhanced surveillance would entail the other Member States and the euro area institutions placing it under a system of strengthened economic and budgetary cooperation.
Amendment 162 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
Where financial assistance is sought from the EFSF or the ESM, the Commission shall prepare – in liaison with the ECB and wherever possible, the IMF - an analysis of the sustainability of the government debt of the Member State concerned, including the Member State's ability to repay the envisaged financial assistance as part of an equivalent, commensurate effort within the euro area, and forward it to the EFC or to any subcommittee the latter may designate for that purpose.
Amendment 176 #
Proposal for a regulation
Article 6 – paragraph 2
Article 6 – paragraph 2
2. The Council, acting by qualified majority on a proposal from the Commission, shall approve the adjustment programmmmission shall be empowered to adopt the adjustment programme under the delegated acts procedure.
Amendment 186 #
Proposal for a regulation
Article 6 – paragraph 3
Article 6 – paragraph 3
3. The Commission, in liaison with the ECB, shall monitor the progress made in the implementation of the adjustment programme and inform every three months the EFC or any subcommittee the latter may designate for that purpose as well as the European Parliament and the relevant parliamentary committee it designates for that purpose. The Member State concerned shall give the Commission its full cooperation. It shall in particular provide to the Commission all the information that the latter deems necessary for the monitoring of the programme. Article 3(3) shall apply.
Amendment 212 #
Proposal for a regulation
Article 6 a (new)
Article 6 a (new)
Article 6a. Accompanying package 1. The Commission, acting in conjunction with the ECB and the euro area Member States, shall draw up a package of economic and monetary measures to support the development of the adjustment programme. These measures shall aim to sustain lending activity, combat capital flight and tax evasion, correct macro- economic imbalances, provide a favourable context for the development of EU programmes and attain the Europe 2020 strategy objectives. 2. The Commission shall be empowered to adopt the accompanying package under the delegated acts procedure. 3. The Commission, in conjunction with the ECB, shall monitor the progress made in the implementation of the accompanying package and report every three months to the EFC or any subcommittee the latter designates for that purpose as well as to the European Parliament and the parliamentary committee it designates for that purpose.