3 Amendments of Anni PODIMATA related to 2010/0278(COD)
Amendment 112 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
Amendment 117 #
Proposal for a regulation
Recital 4 b (new)
Recital 4 b (new)
(4b) The Union priorities for growth and jobs in Member States respecting the Stability and Growth Pact or having taken corrective measures should be funded through revenues from unused payments appropriations in the Union budget and innovative financing instruments.
Amendment 211 #
Proposal for a regulation
Article 2 b (new)
Article 2 b (new)
Article 2b Common eurobonds 1. Common eurobonds in the euro area shall be established with the aim of reinforcing discipline and compliance with the Stability and Growth Pact. Eurobonds shall be introduced only once the criteria in this Article have been met, including a comprehensive impact assessment. Eurobonds shall be established and shall function in accordance with the relevant provisions of the TFEU. Eurobonds shall not increase the quantity of debt. They shall be issued in exchange, at market price, of existing national bonds or in place of national bonds issuance. 2. The participation for the issuance of eurobonds shall be subject to compliance with the Stability and Growth Pact and shall be decided upon by the Council on a recommendation of the Commission. Member States shall participate only if they fulfil the criteria on debt and deficit levels as laid down in the Stability and Growth Pact. The Council may, on a recommendation of the Commission, on a case-by-case basis decide that a Member State facing exceptional circumstances can participate or continue its participation. 3. Eurobonds may pool a percentage of GDP of national debt of each Member State no higher than the SGP criteria. Common debt shall be senior debt and shall take priority to all other debts issued by the Member States. 4. Member States with a derogation may participate. 5. The issue of eurobonds shall be subject to robust institutional and administrative supervision in accordance with the highest standards and best practices of agencies currently managing sovereign debt in the Member States.