2 Amendments of Theodor Dumitru STOLOJAN related to 2015/2344(INI)
Amendment 64 #
Motion for a resolution
Recital D
Recital D
D. whereas keeping the Balance of Payments Facility for non-euroArticle 123 and 125 TFEU were put in place to avoid and prevent moral hazard and ensure fiscal sustainability and prudency of euro area Member States; while depriving euro area Member States of this instrument as a consequence of the no-bail-out clause reflects one of the original flaws of EMUereas the European Stability Mechanism (ESM) constitutes the crisis resolution mechanism for countries of the euro area and has the function of a shock absorbent; whereas non-euro area Member States are not covered by the ESM but by the Balance of Payment Facility which supports non- euro countries in difficulties or when seriously threatened with difficulties as regards its balance of payments, as laid down in Article 143 TFEU, as non-euro countries experience higher risks due to exchange rate fluctuations;
Amendment 807 #
Motion for a resolution
Paragraph 42
Paragraph 42
42. Considers that those non-euro countries that do not have an opt-out will eventually become part of the EMU and therefore may join the governance framework on a voluntary basis with a special statuEmphasizes that the seven EU Member States that do not have an opt-out or opt-in from joining the common currency, but are bound to join the euro area by their Treaties of Accession to the European Union, should have full rights of participating in the governance structure of any fiscal capacity, be able to contribute and benefit financially, receive technical and financial assistance in transposing needed structural reforms in their countries, thereby making their economies more competitive especially vis-à-vis current euro area Member States, increasing resilience, thus ensuring the sound transition into the euro area and avoid economic and financial crises in the future by fostering a stronger euro area with stronger Member States;