11 Amendments of Catherine GRÈZE related to 2009/2150(INI)
Amendment 13 #
Motion for a resolution
Recital C
Recital C
C. whereas the deregulation of financial markets has caused a systemic crisis of global dimensions, which requires international compensation and burden sharing; whereas the privatisation and deregulation policies of the IMF and the World Bank also contributed to the acceleration of the economic and financial crisis,
Amendment 19 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Is acutely aware that the past two years have seen a succession of global crises (food, fuelenergy, climate and financial) which have serious impacts on industrialised and emerging countries, but devastating implications for the poor population groups in developing countries, with over 200 million workers exposed to extreme poverty worldwide and more than a sixth of the world'’s population suffering from hunger;
Amendment 23 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Deplores that all EU pledges (99%) are from existing commitments; 8.8bn are frontloaded, meaning there is a danger that in the coming years there will be less development aid climate finance; urges the EU to allocate additional money for its commitments;
Amendment 40 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Firmly believes that taxing the banking system to fund a deposit insurance or a resolution fund would not be a fair contribution from the financial sector to global social justice; calls insteadalso for an international levy on financial transactions to make the overall tax system more equitable and to generate additional resources for financing development and global public goods;
Amendment 44 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Notes with great concern that developing countries are expected to face a financial gap of between USD 350 billion and USD 635 billion in 2009 and that mounting fiscal distress in the most vulnerable countries is imperilling USD 11.6 billion of core spending in education, health, infrastructure and social protection; advocates therefore a three-year moratorium on debt repayments, including capital and interest, to enabledebt cancellation – at least for least developing countries to– to enable them implement countercyclical fiscal policies to mitigate the severe effects of the crisis; proposes the establishment at international level of an independent and transparent body for debt arbitration;
Amendment 48 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls upon the Member States, within the European Union Emission Trading System framework, to devote a fair share100% of the revenues generated from the auctioning of carbon emission allowances to support developing countries in coping with climate change, in accordance with Directive 2003/87/EC1; 1 Article 10 of Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community (OJ L 275, 25.10.2003, p. 32).Or. en
Amendment 53 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Supports the creation of joint public- public and public-private initiatives for development, based on a public lead with private donors'’ support and in line with partner countries'’ priorities, as a means to increase direct investment in developing countries and facilitate technology transfer;
Amendment 58 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Regards trade as a main driver of economic growth and poverty reductionfair and regulated trade as one of the sustainable economic development factors in the fight against poverty in developing countries and calls upon the EU and Member States to leverage their international influence for a successful, fair and development-oriented conclusion of the Doha Round, while enhancing the pro- poor focus of EU Aid for Trade policy;
Amendment 62 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Reaffirms the fact that Economic Partnership Agreements (EPAs) should be regarddesigned as a pro-development tool and urges the Commission to work towards a rapid conclusion of the negotiations,to foster ACP countries’ sustainable development while taking into account the ways in which EPA provisions may impact on the ability of developingACP countries to cope with the crisis;
Amendment 70 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Notes that half of all illicit financial flows out of developing countries are related to the mispricing of trade and reinforces its call for a new binding, global financial agreement at EU as well as UN level which forces transnational corporations to automatically disclose the profits made and the taxes paid on a country-by-country basis, so as to ensure transparency about sales, profits and taxes in every jurisdiction where they are located;
Amendment 76 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Welcomes the European Investment Bank’s (EIB) enforcement of its existing policy towards Offshore Financial Centres; requests the EU, the Member States and the EIB to take up a vanguard role and make investment through tax havens less attractivein the fight against tax havens by adopting rules of public procurement and disbursement of public funds which prohibit any company, bank or other institution registered in a tax haven from benefiting from public funds;