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12 Amendments of Miguel PORTAS related to 2011/2011(INI)

Amendment 27 #
Motion for a resolution
Recital E
E. whereas the much mentioned current- account imbalances are a result of underlying structural imbalances in the domestic economiesthe differences in competitive capacity between domestic economies and of the commercial and exchange rate policies adopted,
2011/05/24
Committee: ECON
Amendment 60 #
Motion for a resolution
Paragraph 4
4. Is aware that, ultimately, confidence in the strength of the underlying economy and the depth and sophistication of its financial markets are the main determinants for which currencies are kept as reserves by central banks;deleted
2011/05/24
Committee: ECON
Amendment 67 #
Motion for a resolution
Paragraph 5
5. States that currencies should reflect underlying market fundamentals in order to enhance openness and flexibility and to facilitate economic adjust, while remaining a powerful economic policy instrument;
2011/05/24
Committee: ECON
Amendment 76 #
Motion for a resolution
Paragraph 7
7. Supports the work and commitments of G20 States to implement medium-term fiscal consolidation, pursuing appropriate monetary policies, enhancing exchange rate flexibility to better reflect underlying economic fundamentals, and structural reforms to foster job creation and contribute to global rebalancing;deleted
2011/05/24
Committee: ECON
Amendment 82 #
Motion for a resolution
Paragraph 8
8. Supports the establishment of a timetable for an action plan that will implement the G20 Framework for Strong, Sustainable and Balanced Growth;deleted
2011/05/24
Committee: ECON
Amendment 86 #
Motion for a resolution
Paragraph 9
9. Takes the view that the commitments given in the G20 need to be more concrete and that progress needs to be monitored by an independent body, such as the IMF;deleted
2011/05/24
Committee: ECON
Amendment 93 #
Motion for a resolution
Paragraph 10
10. . Stresses the need to agree a set of macroeconomic, macrofinancial and social indicators that will allow this monitoring to take place at a global level; underlines that these indicators should cover internal imbalances, such as public debt and deficits andficits, public and private indebtedness levels, employment and skills, private savings and debt, and employment rates, as well as external imbalances from trade and investment flows and transfers;
2011/05/24
Committee: ECON
Amendment 114 #
Motion for a resolution
Paragraph 13
13. Underlines the need for a global understanding and a common approach regarding monetary policy, sustainable public finances and flexible currencies based on economic fundamentals; considerstresses that the global economyis process should be chaoperacterised by free trade in all sectors; stresses that the IMF and WTO should be the c within the institutional frameworek of such a process, with input from the G20the UN, with active input from the G20, the IMF, the WTO and other relevant bodies;
2011/05/24
Committee: ECON
Amendment 129 #
Motion for a resolution
Paragraph 15
15. Considers the G20UN to be a key forum for global cooperation, but also underlines a lack of representativeness; stresses that actions for global institutional coordination should be carried out through the IMF;
2011/05/24
Committee: ECON
Amendment 142 #
Motion for a resolution
Paragraph 16
16. Stresses that the lack of coopertransparent relations among financial supervisors and financial system operators facilitated the spreademergence of the financial crisis and worsened its effects;
2011/05/24
Committee: ECON
Amendment 163 #
Motion for a resolution
Paragraph 18
18. Stresses the positive effects of a stronger economic governance framework in the EU and the euro area for global cooperation and coordination;deleted
2011/05/24
Committee: ECON
Amendment 186 #
Motion for a resolution
Paragraph 21
21. Underlines that fullEurope's participation in the global economy is crucial for Europe in order to take advantage of all its opportunitiesneeds to be carefully regulated in order to neutralise the adverse effects of globalisation in terms of employment, unequal distribution of income and the stability of the financial system;
2011/05/24
Committee: ECON