31 Amendments of Udo BULLMANN related to 2012/2151(INI)
Amendment 51 #
Motion for a resolution
Recital D
Recital D
D. whereas the Union is at a crossroads and a clear direction needs to be chosen either to combine the forces within the Union and to build a future for a strong and, value- driven and solidarity Union in a globalised world, or to fold back on itself and be forced to submit passively to globalisation for lack of power and influence;
Amendment 63 #
Motion for a resolution
Recital E
Recital E
E. whereas the economic, financial and banking crisis has repeatedly demonstrated thatlead to high public debt at national level and financing problems as well asin several Member States and together with the disturbance of macroeconomic equilibriums quickly, directly and negativelyhas affected the socio- economic development of the euro area and of the Union as a whole in a quick, direct and negative way;
Amendment 75 #
Motion for a resolution
Recital G
Recital G
G. whereas the combination of a lack of competitiveness and a low growth potential with high deficits and high debt financing problems and the absence of a European investment strategy stimulating growth and jobs not only causes harm in some Member States, but also makes vulnerable the euro area as a whole;
Amendment 101 #
Motion for a resolution
Recital L
Recital L
L. whereas euro area membership implies a high degree of economic interdependence between the Member States concerned and therefore requires a much closer coordinthe foundation of a financial, fiscal and economic policies, linked to stricter supervisory instruments and effective enforcement;union where Member States shift competences to the Union level:
Amendment 109 #
Motion for a resolution
Recital N
Recital N
N. whereas Union and national policy makers should continuously explain to their citizens the benefits of a solidarity Union and a single currency, including the costs and risks linked to a break up of the euro area;
Amendment 117 #
Motion for a resolution
Recital P
Recital P
P. whereas any doubt about the future of EMU in general and the Union's single currency in particular must be ruled outis ungrounded as a strong Union is in the interest of all citizens;
Amendment 123 #
Motion for a resolution
Recital Q
Recital Q
Q. whereas time is running out and restoring confidence is the main task in order to convince European citizens and enterprises to start investing again in the economy and to create conditions for financial institutions to provide the real economy, once again, with credit on a broad but sound basis;
Amendment 126 #
Motion for a resolution
Recital R
Recital R
R. whereas the answer to the euro crisis is complexa matter of political choice and the willingness to shift competences to the Union level and demands sustained, multifaceted efforts at all institutional and policy levels;
Amendment 128 #
Motion for a resolution
Recital S
Recital S
S. whereas the Union institutions and the Heads of State and Government of the Member States in general and of the euro area Member States in particular hold the key to working in a credible way on the much-needed restoration of confidence;play an important role in creating a fiscal union in a way that all mechanisms of euro area crisis management, such as the rescue fund European Stability Mechanism, are embedded in an institutional setting where the European Parliament is fully involved as co-legislator; whereas the current intergovernmental structure represents a severe lack of democratic legitimacy; whereas the common currency can only be stabilised if Member States are willing to shift competences in fiscal policies to the Union level.
Amendment 131 #
Motion for a resolution
Recital T
Recital T
Amendment 147 #
Motion for a resolution
Recital V
Recital V
V. whereas the growing divide between core and peripheral countries in the Unionwithin the euro area should not become chronic in nature; whereas a permanent frameworkEuropean monetary fund must be created in which Member States in difficulty should be able to rely on solidarity-based support from other Member States; whereas those Member States which desire solidarity should be able to take up their responsibility for implementing the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union as well as their country-specific recommendations and their engagements under the European Semester, in particular those related to the stability and growth pact (SGP), the Euro- plus pact and the macro-economic imbalances procedure, as well as the broader commitments in the framework of the 'Europe 2020' Strategy;
Amendment 167 #
Motion for a resolution
Recital Z
Recital Z
Amendment 183 #
Motion for a resolution
Recital AC
Recital AC
AC. whereas it cannot be excluded that new Treaty changes might be needed for increasing the governancedemocratic legitimacy of a fully operational EMU; whereas the Commission should list without delay the necessary institutional developments in the long term;
Amendment 192 #
Motion for a resolution
Recital AE
Recital AE
AE. whereas the ambition should be that all Member States jointly take steps forward towards greater European integration; whereas decisions that only apply to the euro area might be needed where required or justified on the basis of the specificity of the euro area, not excluding opt-ins for other Member States;
Amendment 415 #
Motion for a resolution
Recital BS
Recital BS
BS. whereas sound public finances and balanced budgesustainable growth prospects are a basic requirement for long-term economic and financial stability, for the welfare state and for the payment of the costs of the expected demographic development;
Amendment 421 #
Motion for a resolution
Recital BT
Recital BT
BT. whereas the smooth functioning of EMU requires a full and swift implementation of the measures already agreed upon under the reinforced economic governance framework (such as the reinforced SGP and the Fiscal Compact)as well as their further development;
Amendment 430 #
Motion for a resolution
Recital BU
Recital BU
BU. whereas the crisis has made clear the need for a qualitative step towards a more robust fiscal union with more effective mechanisms to correct unsustainable fiscal trajectories, debt levels and set the upper limits of budget balance of Member Statenhance growth-oriented budgetary policies and correct unsustainable fiscal trajectories;
Amendment 434 #
Motion for a resolution
Recital BV
Recital BV
BV. whereas supplementary mechanisms are needed to ensure that all Member States respect their engagements in their individual budgetary procedures, where it cannot be excluded that the role of the European Parliament and the Commissioner for Economic and Monetary Affairs needs to be reinforced;
Amendment 444 #
Motion for a resolution
Recital BX
Recital BX
Amendment 459 #
Motion for a resolution
Recital BZ
Recital BZ
BZ. whereas the Union should decide the common issuance of debt ias ian the longer run a corollary of EMUimportant mechanism to ensure the fiscal stability of the euro area;
Amendment 470 #
Motion for a resolution
Recital CA
Recital CA
CA. whereas as a necessary precondition for common issuance of debt a sustainable fiscal framework needs to be in place, aimed at both enhanced economic governance, fiscal discipline and SGP compliance, as well as control instruments to prevent moral hazardthe common issuance of debt must be accompanied by stronger Union economic governance under the control of the European Parliament;
Amendment 476 #
Motion for a resolution
Recital CB
Recital CB
Amendment 502 #
Motion for a resolution
Recital CD
Recital CD
CD. whereas fiscal discipline is a necessary but not a sufficient condition to get out of the crisis, in-depth structural reforms and initiatives area 'Marshall' plan to finance investments for growth and jobs is also needed to ensure a qualitative and sustainable growth and employment in a socially just society;
Amendment 513 #
Motion for a resolution
Recital CF
Recital CF
CF. whereas the Pact for Growth and Jobs, which was approved at the European Summit of 28 and 29 June 2012, can bring an important contribution to growth, and employment and improved European competition capacities, the Union and the Member States must take on their responsibility and act quicklybut is not sufficient to stimulate the economies of Member States in financial difficulties; therefore urges Heads of State or Government to invest 1% of European GDP in the creation of new jobs;
Amendment 532 #
Motion for a resolution
Recital CH
Recital CH
CH. whereas the instrument of enhanced cooperation should be used more frequently in the field of taxation; whereas reference can be made to the European Parliament's position onthe financial transactions tax (FTT) and the common consolidated corporate tax base (CCCTB) and the financial transactions tax (FTT)should be implemented without any delay;
Amendment 549 #
Motion for a resolution
Recital CJ
Recital CJ
CJ. whereas binding coordination at Union level might be considershould be used for certain key economic policy issues particularly relevant for growth and employment;
Amendment 575 #
Motion for a resolution
Recital CN
Recital CN
CN. whereas for the past years the European Council has acted responsibly for the past years in the management of the crisis, formulating numerous proposals to find a way out of the criput the management of the crisis on an intergovernmental basis, for which in the Treaties not always a clear competence ailing to include the European Parliament as an important actor the Union has been assignedo find a way out of the crisis;
Amendment 617 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Calls on the Commission, in addition to the measures which can and must be taken swiftly under the existing Treaties, to list the institutional developments which may prove necessary in order to establish a stronger EMU architecture, based on the need for a banking union, a fiscal union and an economic union within the framework of a strengthened political union enhancing the role of the European Parliament;
Amendment 787 #
Motion for a resolution
Annex – part 2 – point 2.5 a (new)
Annex – part 2 – point 2.5 a (new)
Recommendation 2.5a on a golden rule for public finance The European Parliament considers that the legislative act to be adopted should aim to regulate as follows: Each Member State should have a differentiated medium-term objective for its budgetary position. These country- specific medium-term budgetary objectives may diverge from the requirement of a close-to-balance or in- surplus position, while providing a safety margin with respect to the 3 % of GDP government deficit ratio. The medium- term budgetary objectives should ensure the sustainability of public finances or a rapid progress towards such sustainability while allowing room for budgetary manoeuvre, considering in particular the need for public investment. Taking these factors into account, for participating Member States and for Member States that are participating in ERM II the country-specific medium-term budgetary objectives should be specified within a defined range between minus 0.5% of GDP and balance or surplus, in cyclically adjusted terms, net of 2/5 of gross fixed capital formation as defined in the European System of Integrated Economic Accounts and net of one-off and temporary measures. For participating Member States, where the ratio of the general government rate to gross domestic product at market prices is below 60 % and where risks in terms of long-term sustainability of public finances are low, the country-specific medium-term budgetary objectives shall be specified within a defined range between a lower limit of a structural deficit of minus 1% of GDP at market prices and balance or in surplus, in cyclically adjusted terms, net of 2/5 of gross fixed capital formation as defined in the European System of Integrated Economic Accounts and one- offs and temporary measures.
Amendment 790 #
Motion for a resolution
Annex – part 2 – point 2.5 c (new)
Annex – part 2 – point 2.5 c (new)
Recommendation 2.5c on a golden rule for public finance The European Parliament considers that the legislative act to be adopted should aim to regulate as follows: Fiscal rules for member states whose currency is the euro should be made anti- cyclical by introducing a distinction between operational government spending and public investments linked to the achievement of the Union's growth strategy; the latter should not be accounted for in the computation of deficits for the purpose of the correction and prevention of excessive deficits.
Amendment 801 #
Motion for a resolution
Annex – part 3 – point 3.2 – paragraph -1 a (new)
Annex – part 3 – point 3.2 – paragraph -1 a (new)
The Commission should bring forward proposals immediately in accordance with the ordinary legislative procedure to translate into secondary legislation the commitments of the Heads of State or Government on 28 June 2012 for a "Growth and Job compact"; In particular, the economic coordination framework should take due account of the commitment of the Member State to "pursuing differentiated growth-friendly fiscal consolidation, respecting the Stability and Growth Pact and taking into account country-specific circumstances" and to promote "investment into future- oriented areas directly related to the economy's growth potential";