Activities of Andrew DUFF related to 2010/0821(NLE)
Plenary speeches (3)
Amendment of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro (debate)
Amendment of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro (debate)
Amendment of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro (debate)
Shadow reports (1)
REPORT on the draft European Council decision amending Article 136 of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro PDF (231 KB) DOC (157 KB)
Amendments (25)
Amendment 2 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas the United Kingdom has opted out of the single currency;
Amendment 3 #
Motion for a resolution
Recital B
Recital B
B. whereas under Article 3(1) TFEU the "monetary policy for the Member States whose currency is the euro" is a Union "exclusive competence" of the Union;
Amendment 11 #
Motion for a resolution
Recital G
Recital G
G. whereas the rules governing the stability mechanism should preferably be worked outproposed by the Commission;
Amendment 14 #
Motion for a resolution
Recital I
Recital I
I. whereas, as a complement to the stability mechanism, the Union should investigate the expediency of apromote a consolidated Eurobonds systemmarket;
Amendment 17 #
Motion for a resolution
Recital J
Recital J
J. whereas the Commission should present the necessary legislative proposals to strengthen policy coordination between Member Statesproposals for legislation and where necessary Treaty revision, with a view to building, over the medium term, a system of economic government for the Union, and in particular for the euro area, which would strengthen the cohesion and to complement European economic governanceetitiveness of the economy and stabilise the financial system;
Amendment 19 #
Motion for a resolution
Recital K
Recital K
Amendment 21 #
Motion for a resolution
Recital L
Recital L
Amendment 27 #
Motion for a resolution
Recital M
Recital M
M. whereas in the history of European integration intergovernmental instruments have functioned as "avant-garde" solutions which have paved the way for full integration at a given moment; whereas, therefore, such instruments were expressly designed with a view to their subsequent integcorporation;
Amendment 28 #
Motion for a resolution
Recital N
Recital N
N. whereas Article 48(6) TEU allows the European Council, after consulting Parliament, to adopt a decision amending all or part of the provisions of Part Three of the TFEU without affecting the balance of competences between the Union and its Member States;
Amendment 29 #
Motion for a resolution
Recital O
Recital O
Amendment 35 #
Motion for a resolution
Recital P
Recital P
P. whereas any furthermore substantial revision of the TFEU should be conducted under the normaldinary procedure and should ensure full respect of the Community methodinvolving a Convention and an Intergovernmental Conference;
Amendment 39 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Emphasises that the monetary policy is a Community policy and has been since the Maastricht Treatyn exclusive competence of the Union;
Amendment 43 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses the importance of the euro for the European political and economic projectintegration, and appeals to the sense of responsibility and solidarity of all Member States;
Amendment 54 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Is deeply concerned by the intention of Heads of States and GovernmentsWarns that the intention of the European Council to establish the permanent stability mechanism outside the EU institutional framework, with the consequence that the Union institutions will not be fully involved poses a risk to the integrity of the Treaty-based system; underlines that Member States must at any rate respect Union law and the prerogatives of the institutions laid down therein; down therein;
Amendment 61 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Regrets that the cEurrent political situation has not permitted an exploration ofopean Council has not explored all the other possibilities contained in the Treaties for establishing a permanent stability mechanism; considers in particular that, in the framework of the present Union competences with regard to economic and monetary union (Article 3(4) TEU) and monetary policy for Member States whose currency is the euro (point (c) of Article 3(1)(c) TFEU), it would have been appropriate to make use of the powers conferred on the Council byin Article 136 TFEU, or in the alternative to have recourse to Article 352 TFEU in conjunction with Articles 133 and 136 TFEU;
Amendment 64 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Considers moreover that the setting-up and functioning of the permanent stability mechanism should be brought as close as possible to the European Union framework, also by making use, by analogy, of the institutional patternsmechanism of enhanced cooperation under Article 20 TEU in conjunction with Article 5 TFEU on economic policy coordination and the Protocol (No 14) on the Euro Group as a means of involving the Union institutions at a preliminaryll stages and reassuringof encouraging the participation in the mechanism of those Member States whose currency is not yet the euro;
Amendment 70 #
Motion for a resolution
Paragraph 9 – introductory wording
Paragraph 9 – introductory wording
9. States that, in order for the proposed draft European Council decision to be properly scrutinised, supplementary information is needed, notably concerning the envisaged design of the stability mechanism and the relations which it is intended to have with the Union institutions, withCalls on the European Council, before finalising its decision on the Treaty amendment, to provide more information about the detailed design of the stability mechanism, especially concerning the role of the Union institutions in its operation and the relationship between the mechanism and the proposed European Monetary Fund and with the International Monetary Fund; accordingly, makes its support for the draft European Council decision dependent on fulfilmenturges the European Council to consult further ofn the following condioptions:
Amendment 71 #
Motion for a resolution
Paragraph 9 – introductory wording
Paragraph 9 – introductory wording
9. States that, in order for the proposed draft European Council decision to be properly scrutinised, supplementary information is needed, notably concerning the envisaged design of the stability mechanism and the relations which it is intended to have with the Union institutions, withCalls on the European Council, before finalising its decision on the Treaty amendment, to provide more information about the detailed design of the stability mechanism, especially concerning the role of the Union institutions in its operation and the relationship between the mechanism and the proposed European Monetary Fund and with the International Monetary Fund; accordingly, makes its support for the draft European Council decision dependent on fulfilment ofurges the European Council to consult further on how to meet the following conditions:
Amendment 72 #
Motion for a resolution
Paragraph 9 – introductory wording
Paragraph 9 – introductory wording
9. States that, in order for the proposed draft European Council decision to be properly scrutinised, supplementary information is needed, notably concerning the envisaged design of the stability mechanism and the relations which it is intended to have with the Union institutions, with the proposed European Monetary Fund and with the International Monetary Fund; accordingly, makes its support for the draft European Council decision dependent on fulfilment of the following conditionscalls on the European Council to fulfil the following conditions in the process of establishing the new European stability mechanism:
Amendment 79 #
Motion for a resolution
Paragraph 9 – point a
Paragraph 9 – point a
(a) a redrafting of the European Council draft decision as proposed in the 1 This paragraph will automatically be deleted if the Committee does not adopt any amendments. amendments annexed hereto12, it being understood that, by shifting the proposed provision from Article 136(3) to Article 136(1) TFEU, the stability mechanism, notwithstanding its initial intergovernmental character, would be placed in a perspective of possible future incorporation into the framework of the Union, e.g. in the form of a special kind ofEuropean debt agency, making use of the institutional patterns of enhanced cooperation;
Amendment 81 #
Motion for a resolution
Paragraph 9 – word separating points a and b
Paragraph 9 – word separating points a and b
Amendment 90 #
Motion for a resolution
Paragraph 9 – point b – indent 1
Paragraph 9 – point b – indent 1
– the operational features of the permanent stability mechanism and the conditionality measures (a stringent, involving a programme of economic and fiscal adjustment), will be decided on the basis of a recommendationproposal by the Commission, after consulting Parliamentin accordance with the ordinary legislative procedure, and that the Commission will be responsible for ensuring full respect of these measures and for the precautionary use of the mechanism, regularly reporting back to Parliament;
Amendment 106 #
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 126 #
Draft decision
Article 1
Article 1
The following paragraph shall beoint is added to Article 136 of the Treaty on the Functioning of the European Union “3. The Member States whose currency is the euro may(1) TFEU “(c) to establish a permanent stability mechanism to be activated if indispensable to safeguard the stabilitycohesion of the euro area as a whole. The granting of any required financial assistance under the mechanism will be made subject to strict conditionalitydetailed rules laid down in a regulation to be adopted in accordance with the ordinary legislative procedure.”.
Amendment 127 #
Draft decision
Article 1 a (new)
Article 1 a (new)