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22 Amendments of Dimitrios PAPADIMOULIS related to 2014/2221(INI)

Amendment 4 #
Motion for a resolution
Recital A
A. whereas the economic recovery in the EU slowed down considerably in the course of 2014 but has a prospect of catching up in 2015 and of doing even better in 2016;
2015/01/19
Committee: ECON
Amendment 26 #
Motion for a resolution
Paragraph 2
2. WelcomesRegret that the Commission's Annual Growth Survey 2015, which endeavours to promote a return to higher growth levels and to strengthen the recovery; supportdid not focus its analysis of the true causes of the crisis; questions the three main pillars approach (boosting investment, accelerating structural reforms and pursuing responsible growth friendly fiscal consolidation) as the right way to achieve these goals; welcomes the Commission’s suggestions for improving the European Semester by simplifying procedures and increasing national ownership as needed, considering that only 10-15 % of the Country Specific Recommendations are fully implemented by the Members Statesrecovery;
2015/01/19
Committee: ECON
Amendment 38 #
Motion for a resolution
Paragraph 3
3. Expresses concern that most Member States are still losing market shares globally and have a growing negative net international investment position; believes that the EU economy as a whole needs to boost its competitiveness further in the global economy, particularly by increasing competition in the product and services markets in order to enhance innovation-dRegret that the Commission's Annual Growth Survey 2015, did not focus its analysis of the true causes of the crisis; questions the three main pillars approach (boosting investment, accelerating structural reforms and pursuing responsible growth friven efficiency, while keeping labour costs in line with productivitdly fiscal consolidation) as the right way to achieve recovery;
2015/01/19
Committee: ECON
Amendment 46 #
Motion for a resolution
Paragraph 4
4. Believes that the lack of investment is caused by low confidence, high indebtedness, slow deleveraging and subdued expectations ofexcessive austerity biased policies, and lack of aggregate (public and private) demand;
2015/01/19
Committee: ECON
Amendment 59 #
Motion for a resolution
Paragraph 5
5. WelcomesExpresses its concern about the Iinvestment Pplan for Europe, which is an important instrument for increasing private and publof President Junker, in particular regarding the assumptions under which the creation of the European Fund for Strategic iInvestment; notes that the (EFSI) is built. This plan, is meant to trigger additional investment, develop new projects, attract investors and restore confidence; insufficient, and does not contain a single cent of fresh money and is based on an exercise of creative accounting and financial engineering without any credible basis.
2015/01/19
Committee: ECON
Amendment 74 #
Motion for a resolution
Paragraph 6
6. Calls Questions the Members States actively to support the Investment Plprinciple of using public money to leverage an,d and to contribute to the European Fund for Strategic Investment, supplementing the amounts provided through the EU budget and by the EIB, in order to guttract additional private capital and draws attention to not feed the illusory idea and encourage the private sector to invest; welcomes the principle of using public money to leverage and attract additional private capital;ccording to which the creation of a climate of trust alone will be enough to resuscitate private investment.
2015/01/19
Committee: ECON
Amendment 98 #
Motion for a resolution
Paragraph 8
8. Is still concerned about the lack of progress in reducing excessive private debt levels; points out that this is not only a concern for financial stability, as it also limits the EU's growth potential and makes the ECB's monetary policy less effective; calls on the Commission to make proposals for the preparation of effective procedures for private sector deleveraging, including bankruptcy and insolvency procedures, as the huge debt burden weighing on companies and households is one of the key factors limiting private investment;
2015/01/19
Committee: ECON
Amendment 107 #
Motion for a resolution
Paragraph 9
9. Welcomes the ambitiousExpresses concern about the structural reforms implementosed byin those Member States most affected by the crisis; welcomes as wellalthough the fact that those Member States that have successfully implemented adjustment programmes or financial sector programmes have been able to return to the capital markets, where they now access capital at low interest rates, almost all imbalances remains unsolved and social impacts have been dramatic;
2015/01/19
Committee: ECON
Amendment 119 #
Motion for a resolution
Paragraph 10
10. Calls on the Member States to make theirsupport labour markets more efficient, to modernisewith active job creation policies and avoiding downward pressure on wages to strength social protection systems, including pensions, and to improve and streamline the legal and administrative environment for business investment; stresses that structural reforms need to be complemented by well-targetede need for, longer- term investments in education, research and development, innovation, infrastructure, ICT and sustainable energy;
2015/01/19
Committee: ECON
Amendment 136 #
Motion for a resolution
Paragraph 12
12. Points out that EU financial assistance to certain Member States, provided on terms combining solidarity with conditionality, has proved to be most successful when there was a strong ownership and commitment to reform; reminds the Commission and the Member States that they need to explore ways of bringing the financial assistance under the EU framework;deleted
2015/01/19
Committee: ECON
Amendment 145 #
Motion for a resolution
Paragraph 13
13. Calls for urgent action to be taken by the Commission to fight tax fraud and tax evasion; calls for a tax system that is simple, fair and transparent; reiterates its call on the Member States to shift taxes from labour to consumpintroduce more fiscal fairness by taxing increasingly the financial sector and financial transactions;
2015/01/19
Committee: ECON
Amendment 157 #
Motion for a resolution
Paragraph 14
14. Believes that the Member States and the Commission have not yet delivered on their commitment to complete the single market, especially the single market for services and the digital economy;deleted
2015/01/19
Committee: ECON
Amendment 160 #
Motion for a resolution
Paragraph 15
15. Reiterates its call on the Commission to improve the governance of the single market; urges the Commission to align the aims of the Single Market with those of the European Semester; believes that analytical tools, composed of indicators measuring the implementation of the single market,meditate the European Semester; believes that a thoughtful analysis of the effects of imposed austerity policies can provide useful guidance for country-specific recommendations and the Annual Growth Survey;
2015/01/19
Committee: ECON
Amendment 165 #
Motion for a resolution
Paragraph 16
16. Underlines the fact that the absence of a well-functioning internal labour market and of a balanced approach to immigration is hampering growth in the EU;deleted
2015/01/19
Committee: ECON
Amendment 171 #
Motion for a resolution
Paragraph 17
17. Reiterates the importance of ensuring labour mobility (both cross-border and cross-sectoral), enhanced labour prolabour market policies supporting collective bargaining and limiting the use of precarious work, preserving the necessary scope of work security, improved educativity (connected with skills trainings to improve employability) and labour market flexibility, while preserving the necessary scope of work securityon and training opportunities for workers (on and off the job), enhancing labour productivity, and ensuring opportunities for labour mobility (both cross-border and cross-sectorial);
2015/01/19
Committee: ECON
Amendment 181 #
Motion for a resolution
Paragraph 18
18. Welcomes the strong decrease in the number of countries under the excessive deficit procedure – down to 11 in 2014 from 24 in 2011; notes that due to this fiscal improvement the fiscal stance in the EU is now expected to remain broadly neutral in the coming years; expresses its concern, however, about the still very high indebtedness of a number of Member States in the euro area, a circumstance that not only hinders growth but also constitutes a substantial risk in case of possible future shocks;deleted
2015/01/19
Committee: ECON
Amendment 188 #
Motion for a resolution
Paragraph 18 a (new)
18a. Draws attention to the need to reflect on the large number of countries that were under the excessive deficit procedure – 24 among 28, and note that the decrease in the number of countries under the excessive deficit procedure – down to 11 in 2014 from 24 in 2011 was not accompanied by an improvement in the performance of the economies that remain without growing, with high unemployment and some of them suffering deflationary processes;
2015/01/19
Committee: ECON
Amendment 191 #
Motion for a resolution
Paragraph 18 b (new)
18b. In light of those facts, urges the Commission to launch a process of reform of the Stability and Growth Pact in order to make it more adapted to the needs of economies and more oriented to growth and employment;
2015/01/19
Committee: ECON
Amendment 192 #
Motion for a resolution
Paragraph 19
19. Agrees with the Commission that most Member States need to continue to pursue growth-friendly fiscal consolidation; iInvites Member States with sufficient fiscal space to consider reducing taxes and social security contributions with a view to stimulating privateincrease public investment and promote higher wages, with a view to stimulate public and private consumption and investment;
2015/01/19
Committee: ECON
Amendment 222 #
Motion for a resolution
Paragraph 21
21. Is concerned that only five Member States were found to be fully compliant with the provisions of the Stability and Growth Pact (SGP) which questions again the reasonableness of the stability pact rules;
2015/01/19
Committee: ECON
Amendment 227 #
Motion for a resolution
Paragraph 22
22. WelcomesIs concerned about the Alert Mechanism Report; welcomes the gradual reduction of internal imbalances in the EU economy; draws attention to the external imbalances, including the large trade surplus and the effect it will have in perpetuating austerity and prevent member states to choose their own development policies;
2015/01/19
Committee: ECON
Amendment 236 #
Motion for a resolution
Paragraph 23
23. Points out that the objective of the macroeconomic imbalance procedure is not only meant to avoid strong negative effects on growth and employment inside a country, but also to prevent the effects of ill-designed national policies from spilling over into other Member States in the euro area;deleted
2015/01/19
Committee: ECON