19 Amendments of Sari ESSAYAH related to 2009/2203(INI)
Amendment 22 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Is concerned by the economic consequences of a fast loss of value of the US dollar for the economy of the European Unionthe unfavourable exchange rates of the US dollar, the renminbi-yuan and some other currencies for the economy of the European Union; calls for enhanced international macroeconomic dialogues in order to adjust the exchange rates so that a more balanced world economy may be achieved;
Amendment 32 #
Motion for a resolution
Paragraph 7
Paragraph 7
Amendment 48 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Shares the Commission’s concern about the significant imbalances concerning unit labour costs, growing unequal distribution of income and wealth, current accounts, and interest rate spreads in the EU and in the euro area and is concerned about the absence of effective mechanisms to prevent the growth of those imbalances;
Amendment 52 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. As proposed in the Staff Working Paper accompanying the Commission Communication of 7 May 2008 on EMU@10: successes and challenges after 10 years of Economic and Monetary Union (COM(2008)0238), calls on the Commission to develop diagnostic tools and indicators in order more effectively to monitor and assess relevant economic developments in the Member States, which include multilateral surveillance of unit labour costs, real exchange rates, financial markets and policies that affect competitiveness;
Amendment 53 #
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 57 #
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 64 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls upon countries with current account surpluses to stimulate employment andby increasing wage moderation and to stimulate internal demand inter alia by ending wage moderation, introducing minimum wages and making additional sustainable investments while taking into account the rules of the SGP;
Amendment 71 #
Motion for a resolution
Paragraph 17
Paragraph 17
Amendment 76 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Welcomes the use of EIB funds as well as the common but different contributions of Member States to anti-cyclical public spending during the crisis, which have been used to partly compensate the limited size of the European budget; but notes that the EIB should not become a substitute for the EU budget, and that care should be taken in order to avoid situations where the EIB could be in competition with private market actors;
Amendment 80 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Agrees with the Commission that the supervision and regulation of financial markets as well as the limiting of internal and external imbalancedeficits is essential for the successful development of the EMU;
Amendment 85 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Suggests using the excessive deficit procedure of the SGP to ensure that Member States avoid excessive deficits and current account surpluses;
Amendment 94 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Expresses its deep concern over the unsustainable level of public debt and its predicted rapid increase in 2010 and 2011 which forms an even larger burden, bearing in mind that future generations will inherit the growing ecological, social and both public and private financial debt;
Amendment 107 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Stresses that when evaluating the stability and convergence programmes of Member States, the Commission should put considerable weight on the conclusions of its Communication on Long-term sustainability of public finances for a recovering economy (COM(2009)0545);
Amendment 109 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Supports the Commission’s use of the excessive deficit procedure in order to reduce public deficit but inand emphasistes that Member States’ conjunctural situation be taken into accounte importance of properly timed ambitious, concrete and quantifiable programmes for balancing the public finances in Member States starting in the years 2010 and 2011;
Amendment 112 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Considers that Member States with difficulties in sustaining their public finances should, in the first instance, be responsible for resolving those difficulties and calls on the Member States to accelerate the pace of their reforms through determined policy actions to fill the sustainability gaps caused by high rates of indebtedness and costs related to an ageing population;
Amendment 118 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Stresses the fact that some shortcomings of the construction of the EMU and to some extent the economic policy of partner states make it difficult for Member States to bring their financial house in order and is concerned that in the euro area one group of Member States is more disciplined and a second is becoming increasingly indebted, and that surveillance at EU level has not translated into determined policy action in the second group of Member States;
Amendment 121 #
Motion for a resolution
Paragraph 28 – point a
Paragraph 28 – point a
Amendment 126 #
Motion for a resolution
Paragraph 28 a (new)
Paragraph 28 a (new)
28a. Calls on the Commission to study the possible consequences of either a one- sided EU-wide or an international 0,01- 0,1 % tax on financial transactions in order to provide assistance to Member States during their current financial situation;
Amendment 144 #
Motion for a resolution
Paragraph 35 a (new)
Paragraph 35 a (new)
35a. Emphasises the importance of G20 conclusions on global imbalances and what each economic area has to do in order to balance its economy; stresses the importance of exchange rates in the preparation of the next G-20 summits; takes the view that those preparations should be more transparent within the EU and that Parliament should be kept informed;