13 Amendments of Heide RÜHLE related to 2008/2156(INI)
Amendment 5 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
Da. Whereas concerns about the fairness of income and wealth distribution have grown in the last ten years; and whereas those concerns are an important challenge for the EMU,
Amendment 10 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. Whereas the rapidly growing demand for scarce energy and other commodities by emerging economies has progressively pushed supply up to capacity limits; and whereas the upward pressure on price has been exacerbated by the fact that commodities are increasingly considered to be financial assets, to the extent that they can be used as a store of value,
Amendment 13 #
Motion for a resolution
Recital G a (new)
Recital G a (new)
Ga. Whereas the turbulence in financial markets has led to tighter credit conditions for households and businesses,
Amendment 14 #
Motion for a resolution
Recital G b (new)
Recital G b (new)
Gb. Whereas the appreciation of the euro exchange rate vis-à-vis other key currencies is a growing concern; and whereas the Treaty entrusts responsibility to the Council for exchange rate policy, in order to address global imbalances,
Amendment 17 #
Motion for a resolution
Recital H a (new)
Recital H a (new)
Ha. Whereas globalisation compels the euro area to play an effective role in global economic and financial governance,
Amendment 18 #
Motion for a resolution
Recital I
Recital I
I. whereas the euro has rapidly emerged as the second most important international currency alongside the US dollar and plays an important role as a reference currency for many countries worldwide; but whereas the potential of the euro is insufficiently exploited at a global level as the euro area has neither a properly defined international strategy nor effective international representation,
Amendment 46 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Considers that a sustainable and stable macro-economic environment requires improving the quality of public finances including further budgetary consolidation, and developing an intelligent private and public investment policy that delivers forward-looking infrastructure which will open up tomorrow’s markets; and which address major society concerns, such as climate change, in line with the objectives of the climate-energy package;
Amendment 50 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Warns against focusing essentially on wage moderation as a way to achieve price stability; recalls, in this context, that increased competition resulting from globalisation has already led to downward pressure on wages, while the imported inflation triggered off by the increase of oil price and other commodities have already caused a loss of consumer purchasing power; reiterates its conviction, once again, that this issue should, in particular, be addressed by a fairer distribution of wealth;
Amendment 58 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Recalls its strong commitment to the independence of the ECBAcknowledges the fact that central banking should not be subject to political change over majority cycles; recalls in this respect its strong commitment to the independence of the ECB; stresses that strong accountability for its actions is complementary to the ECB's independence;
Amendment 63 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. NTakes the view that the accountability of the actions of the ECB still needs to be improved; notes that the regular reports of the ECB to Parliament, in particular to its Committee on Economic and Monetary Affairs, contribute to the transparency of monetary policy and welcomes the possibility for Members of the European Parliament to put written questions to the ECB on monetary policy, thus improving the accountability of the ECB vis-à-vis the citizens of the Union; supports the demand for a stronger public debate on the future common monetary and currency policies in the euro area as part of the convergence process;
Amendment 71 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Notes that although the primary objective of the ECB’s monetary policy is to maintain price stability, andArticle 105 of the EC Treaty also explicitly mandates the ECB to support the general economic policies of the European Union; regrets that the ECB has always considered those two objectives to be substitutable; notes that the ECB aims at inflation rates of below, but close to, 2 % over the medium term; considers that this definition of price stability should be examined in the context of a new age of globalisation characterised by rising energy and food prices; points out that the objective of price stability can be achieved effectively only if the root causes of inflation are properly addressed;
Amendment 102 #
Motion for a resolution
Paragraph 37 a (new)
Paragraph 37 a (new)
37a. Takes the view that the EMU policy agenda for the next decade will be marked, inter alia, by the challenges presented by emerging Asian economies; regrets that in spite of the growing global role of the euro, attempts to improve the external representation of the euro area on financial and monetary matters have not made much progress; stresses that the euro area must build an international strategy commensurate with the international status of its currency;
Amendment 103 #
Motion for a resolution
Paragraph 37 b (new)
Paragraph 37 b (new)
37b. Recalls that the most effective way for the euro area to align its influence with its economic weight is by developing common positions and consolidating its representation, ultimately obtaining a single seat in the relevant international financial institutions and fora; urges the euro area, inter alia, to speak with a single voice on exchange rate policies;