12 Amendments of Jean-Pierre AUDY related to 2013/2076(INI)
Amendment 43 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Is deeply concerned at the fact that persistently weakvery difficult economic conditions are becoming the norm in many Member States in Europe, creating overwhelming discontent among European citizens and therefore jeopardising the whole European project;
Amendment 60 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Considers that the three-year LTRO settled on March 2012 contributed to stabilising the banking system, but that this should be a temporary measure; notes that, despite the liquidity injected into the banking system by the LTRO, the credit available to the real economy is still below pre-crisis levels; suggests that it would be appropriate for the ECB to reduce its deposit facility rate to negative values in order to encourage banking lending to the real economythe maximum extent possible;
Amendment 66 #
Motion for a resolution
Paragraph 5
Paragraph 5
Amendment 92 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Welcomes the setting-up of the OMTs, with no ex ante quantitative limits, in order to safeguard monetary policy transmission, but deplores the decision to link the activation of the OMT to strict conditionalities attached to an EFSF/ESM programme; calls on the ECB to activate OMTs independently from strict conditionalitythe European Financial Stability Fund / European Stability Mechanism (EFSF/ESM) programme;
Amendment 113 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers that the monetary policy tools that the ECB has used since the beginning of the crisis, while providing a welcome relief in distressed financial markets, have revealed their limits as regards stimulating growth and improving the situation on the labour market; considers, therefore, that the ECB could investigate the possibilities of implementing new unconventional measures aimed at participating in a large, EU-wide pro-growth programme, including the use of the Emergency Liquidity Assistance facility to undertake an ‘overt money financing’ of government debt in order to finance tax cuts targeted on low-income households and/or new spending programmes focused on the Europe 2020 objectives;
Amendment 138 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Considers it necessary to review the Treaties and the ECB’s statutes in order to establish price stability together with full employmentsupport for the general economic policies of the Union as the two objectives, on an equal footing, of monetary policy in the eurozone;
Amendment 153 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Argues that the conduct of monetary policy should be democratic and should result from deliberation between different viewpoints and approachesmonetary policy, while still being conducted in an independent manner, should not be indifferent to the democratic opinions expressed by the European Parliament, the European Council or the Council;
Amendment 167 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Invites the ECB to pay more attentionnot to be indifferent to the contractionary effects on GDP, employment and social welfare created by austeritybudgetary discipline policies carried out by national governments in the framework of Economic Assistance Programmes involving the ECB;
Amendment 194 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Notes that the European Banking System is still fragile and needs to be reformed in structural terms and consolidated through the development of a true single banking unionsupervisory mechanism;
Amendment 198 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Welcomes the progress achieved on the negotiations on the Single Supervisory Mechanism (SSM) regulation conferring on the ECB the power of supervision over eurozone credit institutions; believes the setting-up of the SSM will contribute to severing the link between banks and sovereigns and will help develop a common European approach to crisis management; regrets that the SSM was not chosen for the supervision of the European Investment Bank (EIB);
Amendment 218 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Considers it urgent to approve the establishment of a European Resolution System for credit institutions and other financial establishments in order to protect depositors and prevent further banking crises; proposes that a European Resolution System should also be envisaged for insurance undertakings;
Amendment 240 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. IRegrets and is deeply concerned at the contemptindifference shown by the Council towards Parliament’s resolution of 25 October 2012 on the appointment of a new Member of the executive board of the ECB, and notes that due consideration should be given to both the expertise and the gender of members in the appointment of ECB top management;