15 Amendments of Elena BĂSESCU related to 2013/2076(INI)
Amendment 7 #
Motion for a resolution
Recital B
Recital B
B. whereas, according to the same forecast, unemployment in the eurozone rose from 10.2 % at the end of 2011 to 11.4 % at the end of 2012 and youth unemployment increased significantly over the same period;
Amendment 13 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
Ea. whereas the aggregate turnover for all instruments in the euro money market decreased by 14% in the second quarter of 2012 compared with the second quarter of the previous year;
Amendment 17 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas the European Economic Forecast in Spring 2012 showed low levels of business and consumer sentiment, high unemployment limiting private consumption and declining export growth since 2010, which has led to a levelling off in GDP growth during 2011 and 2012;
Amendment 18 #
Motion for a resolution
Recital F b (new)
Recital F b (new)
Fb. whereas small and medium-sized enterprises (SMEs) remain the backbone of the Euro area economy, representing about 98% of all Euro area firms, employing around three quarters of the euro area's employees and generating around 60% of value added;
Amendment 19 #
Motion for a resolution
Recital F c (new)
Recital F c (new)
Fc. whereas the creditworthiness and financial health of SMEs have deteriorated more sharply than those of large firms and the protracted period of weak economic conditions have exacerbated the asymmetric information challenges of SMEs;
Amendment 20 #
Motion for a resolution
Recital F d (new)
Recital F d (new)
Fd. whereas according to the information provided by the Survey on Access to Finance of Enterprises (SAFE) SMEs' profits, liquidity, buffers and own capital have developed less favourably than those of large firms during the crisis;
Amendment 26 #
Motion for a resolution
Recital G a (new)
Recital G a (new)
Ga. whereas a low-inflation environment is the best contribution monetary policy can make to creating favourable conditions for economic growth, job creation, social cohesion and financial stability;
Amendment 29 #
Motion for a resolution
Recital G b (new)
Recital G b (new)
Gb. whereas actions of national macro- prudential authorities should take account of the responsibility of the European Systemic Risk Board for macro-prudential oversight of financial system within the EU;
Amendment 73 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Considers that a national central bank's functions must be performed in a matter that is fully compatible with the functional, institutional and financial independence to safeguard the proper performance of its tasks under the Treaty and the Statute of the European System of Central Banks and of the ECB;
Amendment 77 #
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Is concerned about the fact that credit tightening appears to be very severe for the SMEs, because they are perceived by banks to have a higher probability of default than larger firms and also because SMEs are often unable to switch from bank credit to other sources of external finance;
Amendment 78 #
Motion for a resolution
Paragraph 5 c (new)
Paragraph 5 c (new)
5c. Stresses its concern regarding the considerable fragmentation of lending conditions for SMEs across Euro area countries;
Amendment 177 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. UStresses that, with a view to the ECB's becoming a single supervisory power, it must meet high standards of democratic accountability and underlines that the ECB's independence should not justify lack of democraticthis accountability;
Amendment 200 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Considers that the establishment of the SSM should contribute to restoring confidence in the banking sector and to reviving interbank lending and cross- border credit flows through independent integrated supervision for all participating Member States;
Amendment 201 #
Motion for a resolution
Paragraph 18 b (new)
Paragraph 18 b (new)
18b. Invites the SSM to operate in a manner fully consistent with the principles underpinning the single market in financial services and in full adherence to the single rulebook for financial services;
Amendment 202 #
Motion for a resolution
Paragraph 18 c (new)
Paragraph 18 c (new)
18c. Considers that the ECB should welcome the possibility to involve non- Euro area Member states in the SSM to ensure a greater harmonization of supervisory practices within the EU;