17 Amendments of Sven GIEGOLD related to 2010/0281(COD)
Amendment 46 #
Proposal for a regulation
Citation 1
Citation 1
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 121(6), 148(3) and 148(4) thereof,
Amendment 56 #
Proposal for a regulation
Recital 16 a (new)
Recital 16 a (new)
16a. The provisions of this Regulation are fully consistent with horizontal clauses of the TFEU, namely Articles 7, 8, 9, 10, 11 and Article 153(5), as well as provisions of Protocol 26.
Amendment 62 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. The Commission shall, after consultation with Member States and the European Parliament, establish an indicative scoreboard as a tool to facilitate early identification and monitoring of imbalances following procedures and conditions laid down in paragraphs 2 to 4 of this article.
Amendment 67 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The scoreboard shall be made up of an array of indicators relevant for detecting the risk of potential macroeconomic and macrofinancial indicators formbalances at the Union and Member States level. The Commission may set indicative lower or upper thresholds for these indicators to serve as alert levels. Thresholds for external imbalances will highlight symmetrically excessive deficits as well as excessive surpluses. The thresholds applicable to Member States whose currency is the euro may be different from those applicable to the other Member States.
Amendment 70 #
Proposal for a regulation
Article 3 – paragraph 2 a (new)
Article 3 – paragraph 2 a (new)
2a. The Commission shall adopt, by means of delegated acts in accordance with Article -12, and subject to the conditions of Articles -12a and -12b, measures setting the list of relevant indicators and thresholds to be included in the scoreboard. The list of indicators shall include the following sets of indicators: - internal imbalances, including private and public debt, income inequalities, resource productivity, HICP, private and public R&D, education, employment rate in full time equivalent, territorial cohesion, asset price developments with particular attention to real estate, and financial markets; - external imbalances, including current account balance with a particular attention to its energy component, net foreign financial assets as a share of GDP, total high-tech export to the rest of the world as a percentage of total.
Amendment 72 #
Proposal for a regulation
Article 3 – paragraph 2 b (new)
Article 3 – paragraph 2 b (new)
2b. The European Central Bank shall be consulted in regard to indicators relevant to asset price developments.
Amendment 74 #
Proposal for a regulation
Article 3 – paragraph 4
Article 3 – paragraph 4
4. The Commission shall regularly assess the appropriateness of the scoreboard, including the composition of indicators, the thresholds set and the methodology used, and shall, by means of delegated acts, in accordance with Article -12 and subject to conditions of Articles -12a and -12b, adapt it if necessary to preserve or enhance its capability to detect emerging imbalances and monitor their development. Changes in the underlying methodology and composition of the scoreboard and the associated thresholds shall be made public.
Amendment 96 #
Proposal for a regulation
Article -12 (new)
Article -12 (new)
Article -12 Exercise of the delegation 1. The power to adopt delegated acts referred to in Article 3(2a) and (4) shall be conferred on the Commission for a period of four years from ….*. The Commission shall draw up a report in respect of the delegated power at the latest six months before the end of the four-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 -12a. 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 -12a and -12b. * Date of entry into force of this Regulation
Amendment 97 #
Proposal for a regulation
Article -12 a (new)
Article -12 a (new)
Article -12a Revocation of the delegation 1. The delegation of power referred to in Article 3(2a) and (4) may be revoked at any time by the European Parliament or by the Council. 2. The institution which has commenced an internal procedure for deciding whether to revoke a delegation of power shall endeavour to inform the other institution and the Commission within a reasonable time before the final decision is taken, indicating the delegated power which could be subject to revocation. 3. The decision of revocation shall put an end to the delegation of the power specified in that decision. It shall take effect immediately or on a later date specified therein. It shall not affect the validity of the delegated acts already in force. It shall be published in the Official Journal of the European Union.
Amendment 98 #
Proposal for a regulation
Article -12 b (new)
Article -12 b (new)
Amendment 99 #
Proposal for a regulation
Article -12 c (new)
Article -12 c (new)
Amendment 163 #
Proposal for a regulation
Recital 15 c (new)
Recital 15 c (new)
(15c) 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 212 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The scoreboard shall be made up of an array of macroeconomic and macrofinancial indicators for Member States. The Commission may set indicative lower or upper thresholds for these indicators to serve as alert levels. The thresholds applicable to Member States whose currency is the euro may be different from those applicable to the other Member Staterelevant for detecting the risk of potential macroeconomic and macrofinancial imbalances at the Member States level shall allow for comparisons between Member States and early detection of imbalances. The Commission may set indicative, and symmetric where applicable, lower or upper thresholds for these indicators to serve as alert levels.
Amendment 226 #
Proposal for a regulation
Article 3 – paragraph 2 b (new)
Article 3 – paragraph 2 b (new)
2b. The European Systemic Risk Board shall be consulted in regard to indicators relevant to asset price developments.
Amendment 227 #
Proposal for a regulation
Article 3 – paragraph 2 c (new)
Article 3 – paragraph 2 c (new)
2c. The European social partners and the Social Protection Committee shall be consulted in regard to indicators relevant to employment and social issues in accordance with Article 154 (2) and Article 160 of the TFEU respectively.
Amendment 231 #
Proposal for a regulation
Article 3 – paragraph 3 a (new)
Article 3 – paragraph 3 a (new)
Amendment 233 #
Proposal for a regulation
Article 3 – paragraph 3 a (new)
Article 3 – paragraph 3 a (new)
3a. The Commission shall adopt, by means of delegated acts in accordance with Article -12a, and subject to the conditions of Articles -12b and -12c, measures setting the list of relevant indicators to be included in the scoreboard. The list of indicators shall include the following sets of indicators: (a) internal imbalances, including private and public debt and its evolution; internal income inequalities; unemployment rates and asset price developments with particular attention to real estate, and financial markets; (b) external imbalances, including current account composition, balance and evolution; the evolution of export market shares in Union and third-country markets; and net foreign assets positions; (c) internal market developments, including a rolling average of five-year comparative real growth; an indicator of growth and employment dynamics including the energy composition of the product and public and private research and development investment; and Union and third-country foreign direct investment flows.