7 Amendments of Danuta Maria HÜBNER related to 2012/0164(APP)
Amendment 12 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Highlights that Article 352 of the TFEU is a suitable legal basis for the current regulation and stresses that this basis allows the establishment of new types of Union financial assistance and of a framework for such assistance beyond the scope of the assistance provided under Article 143 of the TFEU.
Amendment 20 #
Motion for a resolution
Paragraph 5 – point ii
Paragraph 5 – point ii
(ii) no effective link or material conditionality should be established between the balance of payments facility and the use of structural funds in the 2012 BoP proposal; conditions relating to the use of structural funds should, if at all, shouldneeded, be addressed in the relevant Cohesion Policy legislative act;
Amendment 22 #
Motion for a resolution
Paragraph 5 – point iii
Paragraph 5 – point iii
Amendment 35 #
Motion for a resolution
Paragraph 5 – point ix a (new)
Paragraph 5 – point ix a (new)
(ixa) a bank recapitalisation instrument for non-euro Member States should be established, particularly in light of the potential participation of these Member States in the upcoming single supervisory mechanism and of the need to provide them with a fiscal backstop. This instrument should take the form of a loan for bank recapitalisation, alongside the three existing instruments for financial assistance under the BoP (PCCLs, ECCLs and loans). There are no legal challenges standing in the way of such an instrument, which would be disbursed to the government of the member state concerned for the purpose of recapitalising its financial institutions. Since the EFSM will soon be discontinued, as announced by EU leaders at the 2010 European Council, in light of the entry into force of the ESM Treaty, the outstanding funding in the EFSM (approximately 10bn EUR) should be transferred to the BoP facility. This would increase its firepower from 50bnEUR to 60bnEUR.
Amendment 36 #
Motion for a resolution
Paragraph 5 – point ix b (new)
Paragraph 5 – point ix b (new)
(ixb) Other than the instrument above, two further options for a bank recapitalisation tool can be considered: A. Changing the ESM treaty and allowing opt-in non-euro members to contribute to the ESM paid-in capital explicitly for the purpose of having a bank recapitalisation backstop. B. Creating a new fund through an intergovernmental treaty among non-euro Member States, with paid-in capital (modelled on the ESM) and possibly also callable capital. This fund would bring together all non-euro Member States who have committed to joining the single currency and could be co-funded with the IMF.
Amendment 39 #
Motion for a resolution
Paragraph 5 – point ix c (new)
Paragraph 5 – point ix c (new)
(ixc) it should be kept in mind that any future single bank resolution fund, as part of the banking union framework, should also be inclusive towards non-euro member states;
Amendment 48 #
Motion for a resolution
Paragraph 5 – point x – seventh indent a (new)
Paragraph 5 – point x – seventh indent a (new)
- the consideration of the practices and institutions of wage formation and of the national reform programme of the Member State concerned in the context of the Union strategy for growth and jobs when drafting the macroeconomic adjustment programme (Article 6(1) of the Gauzès report)