14 Amendments of Anni PODIMATA related to 2011/2011(INI)
Amendment 5 #
Motion for a resolution
Recital A
Recital A
A. whereas the development of the world economy during the last decades generally has been remarkably successful, with the number of people living in had an important growth but at the same time has created grelat dive prosperity increasing from one to four billionrgences between regions of the world by deepening the economic and social gap amongst them,
Amendment 13 #
Motion for a resolution
Recital C
Recital C
C. whereas the imbalances of today are nothing new as such, but only a replacement of other imbalances that characterised the global economy for decades, althoughhave significantly worsened due to the crisis and became today greater in magnitude and creating thus new challenges for global governance to ensure a fair and sustainable growth for all and rendering current arrangements insufficient,
Amendment 21 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
Da. whereas the crisis has revealed to what extent the financial sector has moved away from its basic role of financing the real economy towards extremely high risk transactions triggering downfalls all along the economic chain and in particular for public finances,
Amendment 24 #
Motion for a resolution
Recital E
Recital E
Amendment 30 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
Ea. whereas the current international monetary system has enabled several countries to proceed into competitive devaluation strategies which along with the growing speculative transactions carried by powerful market stakeholders on exchange markets have severely contributed to excess rate volatility and created significant risks for the exchanges markets as well as the international trade,
Amendment 31 #
Motion for a resolution
Recital E b (new)
Recital E b (new)
Eb. recalls that the G20 summits held right after the outburst of the financial crisis have reached an agreement to ensure that financial institutions assume their fair share of responsibility for the turmoil, but no concrete agreement on a proper instrument has been reached so far,
Amendment 40 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Stresses that an imbalance as such does not necessarily constitute a threat to financial stability or economic growth; taking this into account, stresses that imbalances stemming from structural misalignments and a lack of competitiveness in the domestic economy should be addressed, as this is where the fundamental problems are to be found;
Amendment 51 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses however that several important aspects, such as finding an effective regime for non compliant regimes (such as tax heavens) and ensuring more transparency in areas such as the shadow banking system have not yet been efficiently addressed hampering this way regulators' work and continuing the asymmetric information, one of the causes of the recent crisis;
Amendment 52 #
Motion for a resolution
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Calls for better global regulation of credit default swaps especially when interconnected with the public sector and asks for banning of naked selling of sovereign debt;
Amendment 53 #
Motion for a resolution
Paragraph 2 c (new)
Paragraph 2 c (new)
2c. Calls on the G20 leaders to speed up the negotiations for an agreement on the minimum common elements of a global FTT which would improve the functioning of the market by reducing speculation and ensure that the financial sector assumes its fair share of the burden;
Amendment 54 #
Motion for a resolution
Paragraph 2 d (new)
Paragraph 2 d (new)
2d. Stresses that the future architecture of the global economic governance should not only foresee sound regulation, supervision and governance of financial markets but also guarantee a sustainable growth model ensuring a sustained balance between fiscal consolidation and job creation, investments in infrastructures, education and sustainable industries, social equality and fight against poverty;
Amendment 64 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Is aware that, ultimately, confidence in the strength of the underlying economy and the depth and sophistication of its financial markets arshould be the main determinants for which currencies are kept as reserves by central banks;
Amendment 92 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Stresses the need to agree a set of macroeconomic indicators that will allow this monitoring to take place at a global level; underlines that these indicators should cover internal imbalances, such as public debt and deficits and private savings and debt, employment rates and indicators on social inclusion and education as well as external imbalances from trade and investment flows and transfers;
Amendment 104 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Recalls that for EU to assume its leading role EU must be able to speak with one voice and move forward with an EU sear in the IMF and the World Bank;