4 Amendments of Roberts ZĪLE related to 2012/0164(APP)
Amendment 1 #
Motion for a resolution
Recital C
Recital C
C. whereas the total amount available in that facility has been increased from the initital EUR 12 000 mbillion to EUR 25 000 mbillion in December 2008 and to EUR 50 000 mbillion in May 2009, in response to the financial crisis; whereas out of the EUR 50 000 mbillion, EUR 13,4 000 mbillion have been disbursed to Romania, Latvia and Hungary, in addition to a precautionary reservation of EUR 1,4 000 mbillion to Romania;
Amendment 4 #
Motion for a resolution
Recital D
Recital D
D. whereas the European Stability Mechanism (ESM), which was established in October 2012, is the main support mechanism for euro area Member States, with a lending capacity of EUR 500 000 mbillion, provided by subscribed capital; whereas the ESM will, in the future, under certain conditions, be able to fund banks in difficulties directly;
Amendment 19 #
Motion for a resolution
Paragraph 5 – point ii
Paragraph 5 – point ii
(ii) no effective link or material conditionality should be established between the balance of payments facility and the use of structural funds; c. Suspension of all or part of the payments and commitments by the Commission will only worsen the macroeconomic situation in Member States and increase disparities between the different regions of the Union. Conditions relating to the use of structural funds should, if at all, should be addressed in the relevant legislative act;
Amendment 24 #
Motion for a resolution
Paragraph 5 – point iii
Paragraph 5 – point iii
(iii) the increased variety of financial assistance to non-euro area Member States provided for in the BoP Proposal is welcome; however, an appropriate instrument for bank recapitalisation needs to be added to the selection of financial assistance tools in order to ensure a level playing field between euro area and non-euro area Member Statescurrently only euro area Member States have access to the ESM and will benefit from direct bank recapitalisation via the Mechanism in the future. In order to ensure a level playing field between European Union countries and proper functioning of the Single Market, legal obstacles have to be removed so that non-euro area Member States committed to joining the euro and the Single Supervisory Mechanism can decide to participate in and contribute to the ESM, and benefit from direct bank recapitalisation via the Mechanism in the future;