Activities of Elisa FERREIRA related to 2014/2145(INI)
Plenary speeches (1)
Review of the economic governance framework: stocktaking and challenges (debate) PT
Amendments (16)
Amendment 76 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. Whereas there have been substantial revisions in the potential growth estimates in successive Commission's forecasts;
Amendment 77 #
Motion for a resolution
Recital A b (new)
Recital A b (new)
Ab. whereas the concept of potential GDP growth – which underpins the Medium- Term Objectives, the expenditure benchmark, and the definition of severe economic downturn – remains unclear and questionable;
Amendment 97 #
Motion for a resolution
Recital B e (new)
Recital B e (new)
Be. whereas sixteen Member States have a debt-to-GDP ratio above the 60% threshold;
Amendment 100 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas in the Stability and Growth Pact Article 5 of Regulation 1466/97 it is stated that "the Council and the Commission shall also examine whether the stability programmes facilitate the achievement of sustained and real convergence within the euro area...";
Amendment 101 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
Bb. Whereas, according to the AGS 2015, "unemployment reached 24.6 million people in August 2014 – 5 million are aged between 15 and 24. Long-term unemployment is very high. Unemployment rates strongly vary across Member States, from 5.1% in Germany and 5.3% in Austria to 24.8% in Spain and 26.8% in Greece in 2014.";
Amendment 116 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas the adjustment period the euro area has been going through since 2010, including with the intervention of the troika, has led to stagnation and deflation;
Amendment 130 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
Da. Whereas the European Parliament has stated in its Report with recommendations to the Commission on the report of the Presidents of the European Council, the European Commission, the European Central Bank and the Eurogroup "Towards a genuine Economic and Monetary Union" (2012/2151(INI)) that "The ESM should evolve towards Community-method management and be made accountable to the European Parliament.";
Amendment 405 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Believes that structural reforms should have a positive socioeconomic return including an impact on long term competitiveness, convergence and contribute to increased administrative capacity;
Amendment 469 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Insists that the Annual Growth Survey (AGS) and euro area recommendation must be better designed and put to better use to allow for a global economic debate, notably as regards convergence in the euro area; proposes that the country-specific recommendations (CSRs) should be established on the basis of striking a better balance between the AGS and the macroeconomic imbalance procedure (MIP), and suggests that the quality of the euro area recommendations should be made compulsory following a proper debate with the European Parliament, with incentives being offered so as to encourage the implementation thereofchecked against delivery and adequately negotiated with member States; a proper debate with the European Parliament is needed; requests that the excessive deficit procedure (EDP) recommendation be joined together with the CSRs;
Amendment 490 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Asks the Commission to verify whether the current 1/20 rule on debt reduction is sustainable and whether it needs torealistic in correlation with the nominal growth rate and deficit reduction beyond what is foreseen in the new matrix included for the preventive arm of the Pact in the communication on flexibility, with regard ownership of Members States, and whether the doctrine on its practical implementation in times where inflation is far from the ECB target should be reconsidered;
Amendment 548 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Asks the Commission to propose specific policy measures, instruments and procedural steps to improve the 'very asymmetric nature of the rebalancing thus far, with weak domestic demand in creditor countries sustaining persistently large current account surpluses' (MIP AMR November 2014, p.2);
Amendment 549 #
Motion for a resolution
Paragraph 20 b (new)
Paragraph 20 b (new)
20b. Observes that, in the euro area, the crisis has revealed that, without major macroeconomic tools at national level (exchange rate, monetary policy, more or less fiscal policy), internal devaluation could be the only solution and that it deserves being compensated at the eurozone level;
Amendment 588 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Observes that the calculation of the structural deficit or the structural budget balance is subject to significant time lags and undermined by large definition and measurement controversies;
Amendment 589 #
Motion for a resolution
Paragraph 24 b (new)
Paragraph 24 b (new)
24b. Takes note of the fact that the Commission communication on flexibility insists on the role of the output gap;
Amendment 603 #
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25a. Calls on the Commission to launch a public debate in academic fora on the methodology used to estimate potential GDP growth and the structural budget balance, and on the usefulness, the reliability, and the consequences of these estimates for the implementation of the SGP.
Amendment 612 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Believes there is a strong need for less complexity, better ownership, more transparency and democracy in economic governance; believes that looking forward towards deeper integration cannot be achieved only by adding a new layer of rules to the already existing ones;