17 Amendments of Esther DE LANGE related to 2020/2078(INI)
Amendment 53 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes with great concern that, according to the Commission’s Springummer 2020 economic forecast, the EU is expected to suffer the deepest recession in its history in 2020, as the forecast is projecting that the euro area economy will contract by 8.7% in 2020 and grow by 6.1% in 2021, and the EU economy is forecast to contract by 8.3% in 2020 and grow by 5.8% in 2021;
Amendment 86 #
4. Recognises that the EU faces the unprecedented challenge of mitigating the social and economic consequences of the historic recession and setting the course for a rapid economic recovery linked to a sustainable and just transition and digital transformation; is convinced that, for this, a significant increase in public and private investment compared to the 2010s is indispensable and that the increased level of investment must be stabilised for many years to comeshould be combined with targeted growth and productivity- enhancing structural reforms;
Amendment 120 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the activation of the general escape clause of the Stability and Growth Pact, and expects that it will remain activated at least until the end of 2021 in order to support the efforts of the Member States to recover from the pandemic crisis and strengthen their economic and social resilience; notes the European Fiscal Board (EFB) its concerns that the general escape clause does not contain a sunset provision, thereby urges the Member States to set a review date, which could be spring 2021;
Amendment 133 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Recalls the specific need to foster convergence within the euro area; welcomes thereby the Commission's proposal for a Solvency Support Instrument aimed at enhancing the level playing field in the internal market;
Amendment 157 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Is concerned about the significant but uneven negative impact of the COVID- 19 crisis on government deficit and private debt, which further aggravates the situation of Member States that are particularly affected by the pandemic and/or pre- existing high levels of government debt; calls for a solution that guarantees the sustainability of public debt and underlines that private debt, if excessive, can play a significant role in the stability of the euro area; recalls therefore the need for appropriate macro prudential supervision;
Amendment 166 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Considers it essential that the revision of the EU’s fiscal and economic policy framework should be completed by the time the escape clause is repealed and shouldcriteria are established in order to have a timeline for the EU budget rules to be put in place again, as the EU’s fiscal and economic policy framework enables fiscal policy to respond with discretion to shocks in the short term, and to reduce high public debt ratios to an agreed reference value in the long term, while allowing a sufficient level of public investment, progressive tax policies and the repayment of loans in a cycle- comfortable manner, and the long-term modernisation of public commodities;
Amendment 185 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Proposes a combination of expenditure rules for public non- investment expenditure and a golden rule for public investment which is central to bothEmphasizes that sound public finances are the primary goal of the European fiscal rules, and that no investments should therefore be treated outside the budgetary framework of the SGP; wishes to see a rapid recovery from the COVID-19 crisis and a transition to a cleaner, socially sustainable and more digital society;
Amendment 198 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. Notes that without sustainable fiscal policy and credible financial situation of Member States any future financing model of Green deal is endangered, therefore, demands that public "green investment" must be treated under Stability and Growth pact just like any other public spending;
Amendment 199 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11b. Recalls that growth-friendly structural reforms do not necessarily require fiscal space but rather legislative and administrative efforts aimed at strengthening market forces and private sector initiatives; notes especially that structural reforms aimed at fostering access to finance could enable a wider range of starters to benefit from innovations, thus boosting productivity growth;
Amendment 214 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Welcomes the refocus of the European Semester Spring Package aimed at providing an immediate economic policy response to tackle and mitigate the health and socio-economic impact of COVID-19 and reboot economic activity; supports the Commission’s announcement of a reform ofto use the European Semester to convert it into a tool to coordinate the recovery measures, framed by the principles of the EGD, the EPSR and the SDGs, in the national recovery plans; is convinced that this has to include the coordination of measures concerning state aid and tax policies; underlines the need for the integration of a new set of binding sustainability and wellbeing indicators and alternative measurements ofobjectives, and measurements of competitiveness and growth performance;
Amendment 218 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Considers it of utmost importance that the recovery funds are directed towards investments that increase productivity, skills and innovation that increase our long-term growth potential; stresses that increasing productivity growth requires a systematic and forward- looking research and innovation strategy, with an emphasis on increasing both physical and human capital;
Amendment 227 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Recognises the role that the Commission has allotted to the European Semester in the Recovery Plan; considers the receipt of EU funding to be conditional on Member States’ compliance with the national recovery plans submitted to and agreed upon by the EU institutions; notes, however, that the effectiveness and success of the alignment of Member States’ investment and reform programmes to the Semester process will depend on the progress of the Semester reform and the above-mentioned reformsimplification of the Stability and Growth Pact in order to make it more effective;
Amendment 233 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Underlines the need to improve the functioning of the European Semester process and ensure sound fiscal policies, reduce public debt, and build up fiscal buffers to improve the euro area economic resilience against future shocks;
Amendment 250 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Underlines that public revenues are essential to finance the post-pandemic recovery and the just transition to a sustainable economy; recalls that tax evasion and tax avoidance at EU level amount to up to EUR 160-190 billion each year, constituting missing revenues for the treasuries; more importantly, reiterates that the post-pandemic recovery and just transition to a sustainable economy will require sufficient mobilisation of private resources;
Amendment 257 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Invites the Commission to explore new policies suggested by international institutions that support and contribute to financing a just transition and sustainable growth, as well as aiming to restore Member States’ public finances; calls foron the Commission to urgently present the new basket of resources to includeing income stemming from EU policies favouring both the implementation of environmental protection and the preservation of a fair single market, this in order to start repayment of the loans that the Commission will take out to fund the Next Generation EU, already during the next MFF;
Amendment 262 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Stresses the importance of a strategic EU industrial strategy to allow for a more competitive and resilient industry in the face of global shocks; reiterates the necessity to focus on the strategic relocation of value chains for economically viable and sustainable products, processes and business models aiming at achieving strategic sovereignty and climate-neutrality; thereby urges for the re-integration of supply chains inside the EU and the increase of European production of key products such as medicines, pharmaceutical ingredients, medical devices, equipment and materials;
Amendment 264 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16b. Stresses that industrial competitiveness and climate policy are mutually reinforcing and that an innovative and climate neutral reindustrialisation will create local jobs and ensure competitiveness of the European economy;