7 Amendments of Rolandas PAKSAS related to 2011/2011(INI)
Amendment 35 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas, in accordance with the recommendations of the G20, the IMF has been assigned greater powers of supervision and surveillance of the global financial system, its financial resources have been increased and a thorough reform of its governance structure is under way,
Amendment 83 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Supports the establishment of a timetable for an action plan that will implement the G20 Framework for Strong, Sustainable and Balanced Growth; recalls that the G20 action plan provides for five fundamental priorities for reform: increasing transparency and responsibility, promoting sound regulation, promoting the integrity of the financial markets, increasing international cooperation and reforming the international financial institutions;
Amendment 113 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Underlines the need for a global understanding and a common approach regarding monetary policy, sustainable public finances and flexible currencies based on economic fundamentals; considers that the global economy should be characterised by free trade in all sectors; stresses that the IMF and WTOorld Bank should be the core of such a process, with input from the G20 and other relevant bodies;
Amendment 120 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Recommends a strong and independent IMF with sufficient tools and resources enabling it to increase its attention to cross- country linkages by not only strengthening multilateral surveillance but also focussing on economies of systemic importance and developing indicators to assess durable large imbalances; calls on the IMF to develop a framework to prevent speculative bubbles by controlling and supervising excessive capital flows;
Amendment 126 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Considers the G20, whose members represent 88% of global GNI and 65% of the population of the world, to be a key forum for global cooperation, but also underlines a lack of representativeness; stresses that actions for global institutional coordination should be carried out through the IMF;
Amendment 141 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Stresses that the lack of cooperation among financial supervisors facilitated the spread of the financial crisis and worsened its effects; hopes that the Financial Stability Council (FSC) set up at the initiative of the G20 will coordinate effectively the efforts of the various States in the fields of financial regulation and supervision;
Amendment 185 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Underlines that full participation in the global economy is crucial for Europe in order to take advantage of all its opportunities; stresses therefore the importance of respecting the spirit of reciprocity and the principle of mutual benefit in the EU's relations with its main strategic partners;