Activities of Pablo ZALBA BIDEGAIN related to 2015/2115(INI)
Plenary speeches (1)
European Central Bank annual report for 2014 (debate) ES
Amendments (9)
Amendment 6 #
Motion for a resolution
Recital B
Recital B
B. whereas, according to the same forecast, unemployment in the euro area is expected to record a slow decrease, from 11.6 % at the end of 2014 to 10.5 % at the end of 2016; whereas there are major disparities between the unemployment rates in different Member States, with figures ranging from 6.4 % in Germany to 26.6 % in Greeceto 26.6 %;
Amendment 14 #
Motion for a resolution
Recital C
Recital C
C. whereas, again according to the same forecast, the fiscal outlook in the euro area should exhibit a slightn improvement, with decreases expected in the public deficit (from 2.4 % in 2014 to 1.7 % in 2016) and the public debt (from 94 % at the end of 2014 to 92.5 % at the end of 2016);
Amendment 26 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
Da. whereas low energy prices, particularly for oil, have been among the main contributors to the decrease in the headline inflation rates in the euro area;
Amendment 46 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls that the modest recovery expected for the coming years in the euro area will not be sufficientWelcomes the ECB's bold actions in the face of a very challenging environment, and the fact that monetary policy has been focused on anchoring inflation expectations and returning to growth enhancing price stability; recalls that the recovery expected for the coming years in the euro area will need to strengthen and potential economic growth will need to be increased in order to reduce the high unemployment rates recorded in many euro area Member States orand to reduce the burden of debt;
Amendment 55 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Deplores the existing gap between financing rates granted to SMEs and those granted to bigger companies; considers that this long-standing problem is not appropriately addparticularly taking into account that SMEs employ 70% of the euro area's business labour force and have higher gross job creation rates than large companies; notes however a gradual decresased by in the recent measures implemented by the ECB to boost bank lendingspread between lending rates on small and large loans; recognizes the limits of what monetary policy can achieve in this respect and welcomes the mitigating exceptional measures undertaken by the ECB such as the targeted long-term refinancing operations (TLTROs);
Amendment 113 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Stresses that theWelcomes the still modest yet noticeable, positive impact of the Asset Purchase Programme (APP) on money and credit dynamics remains modest, with new loans to enterprises stilbenefiting from a gradual weak and with significant differences across euro area economiessing of credit standards, a continued easing of the terms and conditions for new loans, a decrease in the rejection of applications, an increase in the demand for loans and a gradual picking-up of private investment in the first three quarters of 2015; notes that since the launch of the APP, medium- term inflation expectations have risen, gradually converging towards the target of 2 %, while the risks of a deflation trap have decreased; asks the ECB to apply the APP to all Member States, without discrimination;
Amendment 161 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Considers that the existing flexibility within the Stability and Growth Pact rules could be used to better address the weak recovery in some Member States and to carry through the necessary structural reforms; reiterates however that the rules of the Stability and Growth Pact should be respected and that these rules stipulate that deficits must be offset with surpluses in order to achieve a budget which is in balance or in surplus over the medium term;
Amendment 168 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Affirms its commitment to respecting the ECB’'s independence in the conduct of monetary policy, as enshrined in the Treaties; considers that central bank independence is crucial for achieving the objective of safeguarding price stability, and that this implies that the ECB must not be threatened with the risk of fiscal or financial dominancerecalls that all governments and national public authorities should thus refrain from asking the ECB to take specific actions;
Amendment 175 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Draws attention to Article 123 TFEU, Article 21 of the Statute of the European System of Central Banks, and Article 7 of Council Regulation (EC) No 3603/1993 of 13 December1993 which prohibit the direct purchase by the national central banks or the ECB of debt instruments issued by EU or national public authorities or bodies; recalls however that such purchases are allowed in secondary markets;