22 Amendments of Dimitrios PAPADIMOULIS related to 2014/2221(INI)
Amendment 4 #
Motion for a resolution
Recital A
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;
Amendment 26 #
Motion for a resolution
Paragraph 2
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;
Amendment 38 #
Motion for a resolution
Paragraph 3
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;
Amendment 46 #
Motion for a resolution
Paragraph 4
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;
Amendment 59 #
Motion for a resolution
Paragraph 5
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.
Amendment 74 #
Motion for a resolution
Paragraph 6
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.
Amendment 98 #
Motion for a resolution
Paragraph 8
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;
Amendment 107 #
Motion for a resolution
Paragraph 9
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;
Amendment 119 #
Motion for a resolution
Paragraph 10
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;
Amendment 136 #
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 145 #
Motion for a resolution
Paragraph 13
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;
Amendment 157 #
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 160 #
Motion for a resolution
Paragraph 15
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;
Amendment 165 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 171 #
Motion for a resolution
Paragraph 17
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);
Amendment 181 #
Motion for a resolution
Paragraph 18
Paragraph 18
Amendment 188 #
Motion for a resolution
Paragraph 18 a (new)
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;
Amendment 191 #
Motion for a resolution
Paragraph 18 b (new)
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;
Amendment 192 #
Motion for a resolution
Paragraph 19
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;
Amendment 222 #
Motion for a resolution
Paragraph 21
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;
Amendment 227 #
Motion for a resolution
Paragraph 22
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;
Amendment 236 #
Motion for a resolution
Paragraph 23
Paragraph 23