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4 Amendments of Sari ESSAYAH related to 2011/2156(INI)

Amendment 159 #
Motion for a resolution
Paragraph 17
17. Stresses the need for a single European minister of Finance in order to coordinate a basic common fiscal policy that could enhance the effectiveness of the euro; believes that the democratic legitimacy of such a proposal must adequately be addressed; notes in this sense that in a monetary union, fiscal policy does not only concern the Member States and that the present crisis has shown the limits of 100% decentralised fiscal policies;deleted
2011/09/08
Committee: ECON
Amendment 177 #
Motion for a resolution
Paragraph 18
18. Stresses the need for a single European Treasury to relieve the ECB off its quasi-fiscal role; until that is the case, suggests confiningthe ECB to morve tasks to the European Stability Mechanism (ESM); regrets that, as it stands, the ESM will not operate under Community rules and did not acquire the right to purchase government bonds on the secondary market as this would have meant a relief for the ECB in the current circumstancesaway from its quasi-fiscal role;
2011/09/08
Committee: ECON
Amendment 201 #
Motion for a resolution
Paragraph 20
20. BelievNotes that the introduction of eurosecurities may constitute the necessary fiscal quantum-leap forward that the Union needs at this juncture;is one way of pooling liability for Member States’ debt, expresses doubts as to whether such a measure is sensible or feasible, and stresses that each Member State is liable for its own debts, but welcomes the rapid implementation of the feasibility report promised by the Commission in its declaration XXX;
2011/09/08
Committee: ECON
Amendment 211 #
Motion for a resolution
Paragraph 21
21. Reiterates its long-standing call for the minutes of the meetings of the Governing Council to be public; considers their non-publication as a sign of weakness of the monetary union, as if the public and necessary individual accountability in the decision-taking within the Governing Council should be interpreted as a confrontation between Member States;deleted
2011/09/08
Committee: ECON