14 Amendments of Hans-Peter MARTIN related to 2010/0280(COD)
Amendment 101 #
Proposal for a regulation
Recital 5 b (new)
Recital 5 b (new)
(5b) The improved economic governance framework should rely on several inter- linked policies for sustainable growth and jobs, which need to be coherent with each other, namely a Union strategy for growth and jobs, an effective framework for preventing and correcting excessive budgetary positions (the Stability and Growth Pact), a robust framework for preventing and correcting macro- economic imbalances, enhanced financial market regulation and supervision (including macro-prudential supervision by the European Systemic Risk Board), particularly of banking while excluding a shadow banking system, and a permanent crisis resolution mechanism.
Amendment 115 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
(5a) Experience gained during the first decade of functioning of economic and monetary union shows an urgent need for improved economic governance in the Union, which should be built on a stronger national ownership of commonly agreed rules and policies and on a more robust surveillance framework at the Union level of national economic policies.
Amendment 118 #
Proposal for a regulation
Recital 5 c (new)
Recital 5 c (new)
(5c) The European semester for economic policy coordination should play a vital role in implementing the requirement under Article 121(1) TFEU that Member States regard their economic policies as a matter of common concern and that they coordinate them in that respect. Transparency, accountability and independent oversight are an integral part of enhanced economic governance. The Council and the Commission should make public and set out the reasons for their positions and decisions at the appropriate stages of the economic policy coordination procedures.
Amendment 119 #
Proposal for a regulation
Recital 5 d (new)
Recital 5 d (new)
(5d) Article 3 of the Protocol (No 12) on the excessive deficit procedure annexed to the Treaties provides that Member States ensure that national procedures in the budgetary area enable them, regularly and in the long term, to meet their obligations in this area deriving from the Treaties. Member States whose currency is the euro should therefore anchor the objectives of the Union fiscal framework in national law, and should ensure that adequate budgetary procedures are in place for meeting those objectives.
Amendment 176 #
Proposal for a regulation
Recital 11
Recital 11
(11) In the event of a significant deviation from prudent fiscal-policy a warning should be addressed to the Member State concerned and in case the significant deviation persists or is particularly serious, a recommendation should be addressed to the Member State concerned to take the necessary corrective measures. The European Parliament may invite the Member State concerned to explain its policies in this respect before its competent committee. In that case, Parliament may invite the Member State concerned to explain its policies in this respect before its competent committee.
Amendment 182 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) The Council and the Commission should make their positions and decisions public at the appropriate stages of the economic policy coordination procedures in cooperation with the European Parliament, in order to ensure effective peer pressure and the European Parliament should invite the Member State concerned to explain its decisions and policies before its competent committee.
Amendment 203 #
Proposal for a regulation – amending act
Article 1 – point 1 a (new)
Article 1 – point 1 a (new)
Regulation (EC) No 1466/97
Article 2 –a (new)
Article 2 –a (new)
1a. The following article is inserted: “Article 2a A Member State with a derogation may apply the rules applicable to participating Member States laid down in this Regulation. It shall immediately inform the Commission of any such measures. Such a notification shall be published in the Official Journal of the European Union. The Member State concerned shall be considered to be a participating Member State for the purposes of this Directive from the day after such publication."
Amendment 360 #
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
2. The Council shall carry out the examination ofmmission shall examine the stability programme within at most three months of the submission of the programme. The Council, on a recommendation from the Commission and aAfter consulting the Economic and Financial Committee, the Commission shall, if necessary, deliver an opinion on the programme. WhereIf the Council, in accordance with Article 121 of the Treaty,mmission considers that the objectives and the content of the programme should be strengthened with particular reference to prudent fiscal- policy -making, the Councilmmission shall, in its opinion, invite the Member State concerned to adjust its programme.' The Council may reject such a Commission opinion by a qualified majority. The Commission opinion shall be made public immediately.
Amendment 377 #
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC) No 1466/97
Article 6 – paragraph 2 – first subparagraph
Article 6 – paragraph 2 – first subparagraph
In the event of a significant deviation from prudent fiscal-policy making referred to in the fourth subparagraph of Article 59(1) of this Regulation, and in order to prevent the occurrence of an excessive deficit, the Commission, in accordance with Article 121(4) of the Treaty may address a warning to the Member State concerned. Such a warning shall be made public and the European Parliament shall immediately invite the Member State concerned to explain its policies before its competent committee. In the event of such a significant deviation, the Commission may require additional reporting from the Member State concerned. The Council shall, within one month of any significant deviation as referred to in the first subparagraph, adopt a recommendation for policy measures setting a deadline of no more than five months for addressing the deviation, on the basis of a Commission recommendation, based on Article 121(4) TFEU. In the event of a particularly significant deviation or in a particularly serious situation, the deadline shall be no more than three months. The Council, on a proposal from the Commission, shall make the recommendation public. The Commission shall monitor the measures contained in the recommendation on the basis of surveillance visits in accordance with Article 6a and prepare a report to the Council. That report shall be made public immediately. If the Member State concerned fails to take appropriate action within the deadline specified in a Council recommendation under the second subparagraph, the Council shall immediately adopt a final recommendation setting out the non- compliance of the Member State, on the basis of a further Commission recommendation in accordance with Article 121(4) TFEU. At the same time, the Council, on a proposal from the Commission, shall address a formal report to the European Council. The process from the first Council recommendation referred to in the second subparagraph to the final Council recommendation and report to the European Council referred to in the fourth subparagraph shall be no longer than six months.
Amendment 401 #
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC) No 1466/97
Article 6 – paragraph 3
Article 6 – paragraph 3
3. In the event that the significant deviation from prudent fiscal -policy making persists or is particularly serious, the Council, on a recommendation from the Commission, shall address a recommendation to the Member State concerned to take the necessary adjustment measures. The Council, on a proposal from the Commission, shall make the recommendation public.' may reject such a Commission recommendation by a qualified majority. The Council shall make the recommendation public and the European Parliament may invite the Member State concerned to explain its policies before its competent committee.
Amendment 427 #
Proposal for a regulation – amending act
Article 1 – point 6 – subpoint b a (new)
Article 1 – point 6 – subpoint b a (new)
Regulation (EC) No 1466/97
Article 7 – paragraph 2 a (new)
Article 7 – paragraph 2 a (new)
Amendment 524 #
Proposal for a regulation – amending act
Article 1 – point 9
Article 1 – point 9
Regulation (EC) No 1466/97
Article 10 – paragraph 2 – first subparagraph
Article 10 – paragraph 2 – first subparagraph
In the event of a significant deviation from prudent fiscal-policy making referred to in the fourth subparagraph of Article 95(1) of this Regulation, and in order to prevent the occurrence of an excessive deficit, the Commission, in accordance with Article 121(4) of the Treaty may address a warning to the Member State concerned. Such a warning shall be made public and the European Parliament shall immediately invite the Member State concerned to explain its policies before its competent committee. In the event of such a significant deviation, the Commission may require additional reporting from the Member State concerned. The Council shall, within one month of any significant deviation as referred to in the first subparagraph, adopt a recommendation for policy measures setting a deadline of no more than five months for addressing the deviation, on the basis of a Commission recommendation, based on Article 121(4) TFEU. In the event of a particularly significant deviation or in a particularly serious situation, the deadline shall be no more than three months. The Council, on a proposal from the Commission, shall make the recommendation public. The Commission shall monitor the measures contained in the recommendation on the basis of surveillance visits in accordance with Article 6a and prepare a report to the Council. That report shall be made public immediately. If the Member State concerned fails to take appropriate action within the deadline specified in a Council recommendation under the second subparagraph, the Council shall immediately adopt a final recommendation setting out the non- compliance of the Member State, on the basis of a further Commission recommendation in accordance with Article 121(4) TFEU. At the same time, the Council, on a proposal from the Commission, shall address a formal report to the European Council. The process from the Council recommendation referred to in the second subparagraph to the final Council recommendation and report to the European Council referred to in the fourth subparagraph shall be no longer than six months.
Amendment 554 #
Proposal for a regulation – amending act
Article 1 – point 9 e (new)
Article 1 – point 9 e (new)
Regulation (EC) No 1466/97
Article –11 (new)
Article –11 (new)
9e. The following article is inserted: 'Article -11 1. The Commission shall ensure a permanent dialogue with authorities of the Member States in accordance with the objectives of this Regulation. To that end, the Commission shall carry out, in all Member States, visits for the purpose of regular dialogue and, where appropriate, surveillance. 2. When organising dialogue or surveillance visits, the Commission shall, if appropriate, transmit its provisional findings to the Member States concerned for comments. 3. The Commission shall, in the context of dialogue visits, review the actual economic situation in the Member State and shall identify any risks or difficulties in complying with the objectives of this Regulation. 4. The Commission shall, in the context of surveillance visits, monitor the processes and verify that measures have been taken in accordance with decisions of the Council or the Commission in accordance with the objectives of this Regulation. Surveillance visits shall be undertaken only in exceptional cases and only where there are discernible risks or difficulties in achieving those objectives. The Commission may invite representatives of the European Central Bank or other relevant institutions to take part in surveillance visits. 5. The Commission shall inform the Economic and Financial Committee of the reasons for surveillance visits. 6. Member States shall take all necessary measures to facilitate dialogue and surveillance visits. Member States shall provide, at the request of the Commission, the assistance of all the relevant national authorities for the preparation for and conduct of dialogue and surveillance visits.’
Amendment 557 #
Proposal for a regulation – amending act
Article 1 – point 9 g (new)
Article 1 – point 9 g (new)
Regulation (EC) No 1466/97
Article 12 a (new)
Article 12 a (new)
9g. The following article is inserted: Article 12a Review 1. By ...* and every two years thereafter the Commission shall publish a report on the application of this Regulation. 2. The report and any accompanying proposals shall be forwarded to the European Parliament and the Council. 3. If the report identifies obstacles to the proper functioning of the provisions in the Treaties governing economic and monetary union it shall make the necessary recommendations to the European Council.’ _____ * ... years after the date of entry into force of this Regulation.