31 Amendments of Philippe LAMBERTS related to 2010/0278(COD)
Amendment 102 #
Proposal for a regulation
Recital 3
Recital 3
(3) Additional sanctionand graduated sanctions as well as incentives are necessary to make the enforcement of budgetary surveillance more effective in the euro area. Those sanctions should enhance the credibility of the fiscal surveillance framework of the Union.
Amendment 127 #
Proposal for a regulation
Recital 5
Recital 5
(5) Sanctions for Member States whose currency is the euro in the preventive part of the Stability and Growth Pact should provide incentives for prudentas well as incentives should be foreseen in order to reinforce compliance with the sustainable fiscal policy-making rule. Such policy- making should ensure that the growth rate of government expenditure does not normally exceed a prudentsustainable medium- term growth rate of gross domestic product (GDP), unless the excess is matched by increases in government revenues or discretionary revenue reductions are compensated by reductions in expenditure.
Amendment 133 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
(5a) The rules laid down in this regulation should include measures such as incentives for compliance in good times.
Amendment 134 #
Proposal for a regulation
Recital 5 b (new)
Recital 5 b (new)
(5b) Common eurobonds would enhance convergence and economic policy coordination and therefore should reinforce compliance with the Stability and Growth Pact. The rules laid down by this Regulation provide general guidelines for the establishment of common bonds within the euro area. Common bonds shall be established before the 1rst of January 2013. Fiscal convergence is a crucial element required in order to reinforce compliance with the sustainable fiscal policy making rule. Therefore, the Commission shall make a consistent package of legislative proposals by the end of 2011 in order to provide a fully fledged common European fiscal framework to ensure convergence, good regulation and fair competition.
Amendment 138 #
Proposal for a regulation
Recital 6
Recital 6
(6) PrudentSustainable fiscal policy-making should effectively achieve and maintain the medium-term budgetary objective. Adherence to the medium-term objective for budgetary positions should allow Member States to have a safety margin with respect to the 3% of GDP reference value for the government deficit, to ensure rapid progress towards sustainability, and at the same time to have room for budgetary manoeuvre, in particular taking into account the needs for public investment.
Amendment 143 #
Proposal for a regulation
Recital 7
Recital 7
(7) In the preventive part of the Stability and Growth Pact, the incentive for prudentsanction foreseen in case of non compliance with the sustainable fiscal policy-making rule should consist of an obligation to lodge an interest-bearing deposit temporarily imposed on a Member State whose currency is the euro that is making insufficient progress with budgetary consolidation. This should be the case when, following an initial warning from the Commission, a Member State persists in conduct which, while not amounting to a violation of the ban on excessive deficits, is imprudent and potentially detrimental to the smooth functioning of economic and monetary union, and the Council therefore issues a recommendation in accordance with Article 121(4) of the Treaty.
Amendment 162 #
Proposal for a regulation
Recital 11
Recital 11
(11) A possibility should be provided for the Council to reduce, to delay or to cancel the sanctions imposed on Member States whose currency is the euro on the basis of a Commission proposal following a reasoned request by the Member State concerned or in case of a severe economic downturn. In the corrective part of the Stability and Growth Pact, the Commission should also be able to propose to reduce the size of a sanction or to cancel it on grounds of exceptional economic circumstances or in case of a severe economic downturn.
Amendment 172 #
Proposal for a regulation
Recital 13 a (new)
Recital 13 a (new)
(13a) In order to foster accountability and national ownership, the Council shall convene and deliberate publicly when it shall discuss and adopt conclusions and recommendations on these important issues that affect the interests of the European Union and its citizens.
Amendment 177 #
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15a) The provisions of this regulation are fully consistent with article 3 of the Treaty and horizontal clauses of the TFEU, namely articles 7, 8, 9, 10 and 11, the Charter of Human Rights as well as provisions of protocol 26 and article 153(5).
Amendment 179 #
Proposal for a regulation
Recital 15 b (new)
Recital 15 b (new)
(15b) This Regulation does not affect the exercise of fundamental rights as recognized in the Member States and by Union law. Nor does it affect the right to negotiate, conclude and enforce collective agreements and to take industrial action in accordance with national law and practices which respect Union law.
Amendment 180 #
Proposal for a regulation
Article -1 (new)
Article -1 (new)
Article -1 Measures for compliance in good times 1. A credit system shall be specified by means of delegated acts according to article 2b to 2d. Credits shall be obtained if Member States comply with the sustainable policy making rule as defined in article 5 of the Regulation and over attain annual targets towards the medium term objective. Credits are lost when there is a significant deviation from sustainable fiscal policy making. 2. If, on expiry of that period, neither the European Parliament nor the Council has objected to the delegated act it shall be published in the Official Journal of the European Union and shall enter into force at the date stated therein. The delegated act may be published in the Official Journal of the European Union and enter into force before the expiry of that period if the European Parliament and the Council have both informed the Commission of their intention not to raise objections 3. If the European Parliament or the Council objects to a delegated act, it shall not enter into force. The institution which objects shall state the reasons for objecting to the delegated act.
Amendment 181 #
Proposal for a regulation
Article -1 a (new)
Article -1 a (new)
Article -1a Exercise of the delegation 1. The power to adopt the delegated acts referred to in Articles 2c (new) shall be conferred on the Commission for a period of five years following the entry into force of this Regulation. The Commission shall make a report in respect of the delegated powers not later than six months before the end of the five-year period. The delegation of power shall be automatically extended for periods of an identical duration, unless the European Parliament or the Council revokes it in accordance with Article 4b new. 2. As soon as it adopts a delegated act, the Commission shall notify it simultaneously to the European Parliament and to the Council. 3. The power to adopt delegated acts is conferred on the Commission subject to the conditions laid down in Articles 4b new and 4c new.
Amendment 182 #
Proposal for a regulation
Article -1 b (new)
Article -1 b (new)
Amendment 183 #
Proposal for a regulation
Article -1 c (new)
Article -1 c (new)
Amendment 184 #
Proposal for a regulation
Article -1 d (new)
Article -1 d (new)
Article -1d Fiscal Convergence 1. The Commission shall make a consistent package of legislative proposals by the end of 2011 in order to provide a fully fledged common European fiscal framework to ensure convergence, good regulation and fair competition. 2. The package will contain: a) general provisions for a common consolidated corporate tax base as well as minimum corporation tax rates to be gradually increased towards 25%; b) general provisions in order to enhance fiscal cooperation towards full automatic exchange of information and strengthen the fight against tax avoidance; c) A euro area financial transaction tax; d) Coordinated introduction of environmental taxes; e) A financial activity tax regarding the size of the institution and the level of uninsured short-term funding; f) Introducing country-by-country compulsory reporting system on corporate income and taxes paid thereon, as well as an automatic exchange of information;
Amendment 185 #
Proposal for a regulation
Article -1 e (new)
Article -1 e (new)
Article -1e Objections to delegated acts 1. The European Parliament or the Council may object to a delegated act within a period of two months from the date of notification. At the initiative of the European Parliament or the Council this period shall be extended by two months.
Amendment 186 #
Proposal for a regulation
Article -1 f (new)
Article -1 f (new)
Article -1f After being informed by the Commission of its proposal and prior to the adoption of Council decision referred to in Articles 3.1, 4.1 and 5.1, the Member State whose fiscal policy-making is deemed unsustainable may request forthwith that an extraordinary meeting of the competent committee of the European Parliament be convened to discuss the reason of the deviations or of the excessive deficits, with the participation of the Council. The Council shall take account of all relevant factors and the public debate in the European Parliament when deciding.
Amendment 193 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Regulation sets out a system of sanctions and incentives for enhancing the enforcement of the preventive and corrective parts of the Stability and Growth Pact in the euro area.
Amendment 218 #
Proposal for a regulation
Chapter 2 – title
Chapter 2 – title
Sanctions and incentives in the preventive part of the Stability and Growth Pact
Amendment 223 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. If the Council addresses to a Member State a recommendation in accordance with Article 121(4) of the Treaty to take the necessary adjustment measures in the event of persisting or particularly serious and significant deviations from prudentsustainable fiscal policy-making as laid down in Article 6(3) of Regulation (EC) No 1466/97, and whenever credits referred to in article 2a reach a negative value the lodging of an interest bearing deposit shall be imposed by the Council, acting on a proposal from the Commission. The decision shall be deemed to be adopted by the Council unless it decides by qualifiedsimple majority to reject the proposal within tenhirty days of the Commission adopting it. The Council may amend the proposal in accordance with Article 293(1) of the Treaty.
Amendment 237 #
Proposal for a regulation
Article 3 – paragraph 4
Article 3 – paragraph 4
4. By derogation from paragraph 2, the Commission, following a reasoned request by the Member State concerned addressed to the Commission within tenhirty days of adoption of the Council recommendation referred to on paragraph 1, may propose to reduce the amount of the interest-bearing deposit or to cancel it.
Amendment 243 #
Proposal for a regulation
Article 3 – paragraph 5 a (new)
Article 3 – paragraph 5 a (new)
5a. By derogation from paragraph 2 of this Article, in case of severe economic downturn the Council may delay the application of the sanction already decided for a period deemed appropriate after taking into account all relevant factors.
Amendment 250 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. If the Council decides in accordance with Article 126(6) of the Treaty that an excessive deficit exists in a Member State, and whenever credits referred to in article 2a reach a negative value the lodging of a non-interest-bearing deposit shall be imposed by the Council, acting on a proposal from the Commission. The decision shall be deemed adopted by the Council unless it decides by qualifiedsimple majority to reject the proposal within tenhirty days of the Commission adopting it. The Council may amend the proposal in accordance with Article 293(1) of the Treaty.
Amendment 262 #
Proposal for a regulation
Article 4 – paragraph 4 a (new)
Article 4 – paragraph 4 a (new)
4a. By derogation from paragraph 2 of this Article, in case of severe economic downturn the Council may delay the application of the sanction already decided for a period deemed appropriated after taking into account all relevant factors.
Amendment 270 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. If the Council decides in accordance with Article 126(8) of the Treaty that the Member State has not taken effective action in response to a Council recommendation within the period laid down, the Council, acting on a proposal from the Commission, shall decide that the Member State shall pay a fine. The decision shall be deemed adopted by the Council unless it decides by qualifiedsimple majority to reject the proposal within tenhirty days of the Commission adopting it. The Council may amend the proposal in accordance with Article 293(1) of the Treaty.
Amendment 282 #
Proposal for a regulation
Article 5 – paragraph 4
Article 5 – paragraph 4
4. By derogation from paragraph 2 of this Article, the Commission may, on grounds of exceptional economic circumstances or following a reasoned request by the Member State concerned addressed to the Commission within tenhirty days of adoption of the Council decision in accordance with Article 126(8) of the Treaty, propose to cancel or to reduce the amount of the fine.
Amendment 284 #
Proposal for a regulation
Article 5 – paragraph 4 a (new)
Article 5 – paragraph 4 a (new)
4a. By derogation from paragraph 2 of this Article, in case of severe economic downturn the Council may delay the application of the sanction already decided for a period deemed appropriate after taking into account all relevant factors.
Amendment 294 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
The interest earned by the Commission on deposits lodged in accordance with Article 4 and the fines collected in accordance with Article 5 shall constitute other revenue referred to in Article 311 of the Treaty, and shall be distributed, in proportion to their share in the gross national income of the eligible Member States, among Member States whose currency isallocated as guarantees for EU relevant projects financed by the eEuro which do not have an excessive deficit as determined in accordance with Article 126(6) of the Treaty and which are not the subject of an excessive imbalance procedure within the meaning of Regulation (EU) No […/…]pean Investment Bank in conformity with provisions of Protocol n°5 of the Treaty.
Amendment 301 #
Proposal for a regulation
Article 8 – paragraph 2
Article 8 – paragraph 2
A qualifiedsimple majority of the members of the Council mentioned in the previous paragraph shall be defined in accordance with Article 238(3)(a) of the Treaty.
Amendment 303 #
Proposal for a regulation
Article 8 – paragraph 2 a (new)
Article 8 – paragraph 2 a (new)
In order to increase public scrutiny, accountability and national ownership, when discussing and adopting the decisions referred to in Articles 3, 4, 5 and 6, Council deliberations will be open to the public in accordance with Article 8.3 of Council Decision 2006/683/EC of 15 September 2006 adopting the Council's Rules of Procedure.
Amendment 309 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
This Regulation shall enter into force on the [xx] day following that of its publication in the Official Journal of the European Unionfirst of January 2013.