26 Amendments of Jürgen KLUTE related to 2012/2151(INI)
Amendment 65 #
Motion for a resolution
Recital E
Recital E
E. whereas the economic, financial and banking crisis has repeatedly demonstrated that public debt at national level and financforeign debt resulting pfroblems as well asm the disturbance of macroeconomic equilibriums between Member States quickly, directly and negatively affect the socio-economic development of the euro area and of the Union as a whole;
Amendment 77 #
Motion for a resolution
Recital G
Recital G
G. whereas the combination of a lack of competitiveness and a low growth potential with high deficits and high debt and macro-economic imbalances between Member States not only causes harm in somedeficitary Member States, but also makes vulnerable the euro area as a whole;
Amendment 103 #
Motion for a resolution
Recital L
Recital L
L. whereas euro area membership implies a high degree of economic interdependence between the Member States concerned and therefore requires a much closer coordination of financial, fiscal, social and economic policies, linked to stricterincreased Union funds as well as to the necessary supervisory instruments and smart and effective enforcement;
Amendment 146 #
Motion for a resolution
Recital V
Recital V
V. whereas the trend for a growing divide between core and peripheral countries in the Union should not become chronic in naturemust be urgently reversed and the political aim must be to close economic and social gaps at middle term; whereas a permanent framework must be created in which Member States in difficulty should be able to rely on solidarity-based support from other Member States; whereas those Member States which desire solidarity should be able to take up their responsibility for implementing the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union as well as their country-specific recommendations and their engagements under the European Semester, in particular those related to the stability and growth pact (SGP), the Euro- plus pact and the macro-economic imbalances procedure;
Amendment 157 #
Motion for a resolution
Recital W
Recital W
W. whereas it is beyond doubt that the European integration is an irreversi sustainable and progressive process if Member States meticulously honour their European engagementcreating added value to Member States;
Amendment 162 #
Motion for a resolution
Recital X
Recital X
X. whereas from a democratic point of view it is incomprehensiletely unjustifiable that the President of the European Parliament, who represents more than 502 million European citizens, has not been involved in the drafting of the report of 26 June 2012 of the President of the European Council, in collaboration with the Presidents of the European Commission, the Eurogroup and the European Central Bank, entitled ‘Towards a Genuine Economic and Monetary Union’;
Amendment 178 #
Motion for a resolution
Recital AB
Recital AB
AB. whereas steady progress in the implementation of the long-term road map should not delay the urgently needed short- term measures;
Amendment 207 #
Motion for a resolution
Recital AG
Recital AG
AG. whereas the Treaty-based guaranteed independence of the ECB in the field of monetary policy remains a cornerstone for the credibility of EMU and the single currency which must be reinforced by making the ECB lender of last resort for Member States whose currency is the euro;
Amendment 217 #
AHa. whereas the strengthening of banking supervision at Union level constitutes a historical opportunity to bring the shadow banking sector under control; whereas a Union banking authority must enforce the same rules to shadow banks, including on capital requirements, transparency and risk management;
Amendment 239 #
Motion for a resolution
Recital AM
Recital AM
AM. whereas the Union would benefit from proposals that introduce a single European supervisory mechanism for financial institutions, a singlecoherent European deposit guarantee scheme and a singlecoherent European recovery and resolution scheme taking into account the diversity of banks' business models existing in the Union;
Amendment 257 #
Motion for a resolution
Recital AP
Recital AP
AP. whereas most of the banking supervisory powers in the Union today remain in the hands of national supervisors with the European Supervisory Authority (European Banking Authority) (EBA), established by Regulation (EU) No 1093/2010 in a coordinating role; whereas the current system of national supervision has proven to be too fragmented to facmust be reinforced and de-fragmented in order to solve current challenges;
Amendment 276 #
Motion for a resolution
Recital AT
Recital AT
AT. whereas improved financial market regulation and European supervision of financial institutions within the euro area is an absolute priority to take measures to tackle the crisis;
Amendment 284 #
Motion for a resolution
Recital AU
Recital AU
AU. whereas, for reasons of efficiency and quick action, it is recommended to confer European supervision to the ECB, given its widely recognisedan important role to the ECB which must provide its expertise, access to information resources and significant credibilitycredibility to the competent bodies;
Amendment 285 #
Motion for a resolution
Recital AU a (new)
Recital AU a (new)
AUa. whereas any major shift in supervision to other institutions has to be accompanied by an equal improvement of transparency, employee participation and accountability of the institutions implementing it, particularly through efficient democratic control, namely a greater role for the European Parliament in the designation of the presidency in both EBA and the ECB;
Amendment 365 #
Motion for a resolution
Recital BI
Recital BI
BI. whereas sufficient instruments, speed, access to quality information and credibility are essential in managing bank crises;
Amendment 366 #
Motion for a resolution
Recital BI a (new)
Recital BI a (new)
BIa. whereas the dismantling a banking group should be an option even at the initial stage both in order to decrease risk in the banking sector arising from the 'too big to fail' problem as well as in order to ensure that no private customer deposit or central bank liquidity support is used by universal banks for refinancing high-risk investments;
Amendment 416 #
Motion for a resolution
Recital BS a (new)
Recital BS a (new)
BSa. whereas the Union budget must play a crucial role in order to successfully reduce macroeconomic and social imbalances throughout the Union and thereby restoring the conditions for a sustainable monetary union;
Amendment 494 #
Motion for a resolution
Recital CC
Recital CC
CC. whereas the European Semester offers a good framework to coordinate economic policies implemented at national level in line with the country-specific recommendations adopted by the Council; considers that, in order to successfully reduce Europe-wide macro-economic imbalances, excessive current account surpluses must be tackled and respective recommendations must be clearly stated and enforced; whereas the Commission role of spill-over effects at all steps of the European Semester procedure must be pointed out in a clearer way;
Amendment 516 #
Motion for a resolution
Recital CF a (new)
Recital CF a (new)
CFa. whereas strong social welfare systems and social institutions such as collective bargaining can serve as automatic stabilisers and increase resiliency against economic crisis and detrimental effects on employment;
Amendment 616 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Calls on the Commission, in addition to the measures which can and must be taken swiftly under the existing Treaties, to list the institutional developments which maywill prove necessary in order to establish a stronger EMU architecture, based on the need for a banking union, a fiscal union and an economic union, an economic union and a social union as well as further democratisation of the Union with the European Parliament gaining the right to propose a candidate for the Commission Presidency;
Amendment 623 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Considers that the financial implications of the requested proposal should be covered by the industry as well as by appropriate budgetary allocations where needed;
Amendment 636 #
Motion for a resolution
Annex – part 1 – point 1.1 – paragraph 3
Annex – part 1 – point 1.1 – paragraph 3
Amendment 659 #
Motion for a resolution
Annex – part 1 – point 1.1 – paragraph 9 – indent 1
Annex – part 1 – point 1.1 – paragraph 9 – indent 1
- supervise all financial institutions within the countries included in the systemMember States but with a clear division of operational responsibilities between the European and national supervisors depending on the size and nature of banks and the nature of the supervisory tasks;
Amendment 665 #
Motion for a resolution
Annex – part 1 – point 1.1 – paragraph 9 -
Annex – part 1 – point 1.1 – paragraph 9 -
– supervise those institutions which operate without a banking licence and have so far been exempt from any monitoring and supervision;
Amendment 666 #
Motion for a resolution
Annex – part 1 – point 1.1 – paragraph 9 -
Annex – part 1 – point 1.1 – paragraph 9 -
– take due account of the impact of its activities on competitprosperity, employment, social cohesion and innovation within the internal market, the Union's global competitiveness, financial inclusion, and the Union's strategy for jobs and growth;
Amendment 669 #
Motion for a resolution
Annex – part 1 – point 1.1 – paragraph 9 - indent 3
Annex – part 1 – point 1.1 – paragraph 9 - indent 3
– protect the stability of the financial system, the transparency of markets and financial products and the protection of depositors and investors; reduce the risk inherent in the financial system by introducing a maximum size for financial institutions and introducing a separated banking system;