BETA

15 Amendments of Marisa MATIAS related to 2012/2256(INI)

Amendment 3 #
Motion for a resolution
Recital A a (new)
Aa. whereas financial market liberalisation and de-regulation of key industries has contributed to the most severe economic crisis since World War Two;
2012/12/20
Committee: ECON
Amendment 4 #
Motion for a resolution
Recital A b (new)
Ab. whereas with the introduction of the common currency macro-economic imbalances have increased as some countries have applied beggar-thy- neighbour policies with shrinking real wages and weakened social security systems;
2012/12/20
Committee: ECON
Amendment 5 #
Motion for a resolution
Recital B
B. whereas the crisis has had devastating consequences for the lives of millions of Europeans, as documented by official statistics on employment: in the EU, over 8 million people have already lost their job since 2008; more than 25 million Europeans are currently out of work, of whom almost 11 million have been unemployed for over a year; unemployment is currently affecting nearly 10 million young people; in the past year alone, 2 million people lost their job; whereas in all EU Member States labour conditions are deteriorating rapidly due to the de-regulation of labour markets and deflationary wage policies;
2012/12/20
Committee: ECON
Amendment 7 #
Motion for a resolution
Recital B a (new)
Ba. whereas inequality is rising dramatically leading to socio-economic fragmentation of the societies which will eventually have a negative impact on every citizen in the Union;
2012/12/20
Committee: ECON
Amendment 18 #
Motion for a resolution
Recital D
D. whereas the sharp deterioration of public deficits and debt, which has been seen since 2009 in many Member States, has been triggered by the reaction of governments to the financial crisis, in the absence of European anticyclical instruments;
2012/12/20
Committee: ECON
Amendment 27 #
Motion for a resolution
Recital E
E. whereas the analysis of 2010, 2011 and 20112 statistics now clearly documents that the policy options taken caused a reversal of the mild recovery of 2010 resulting from the premature and massive tightening of fiscal policy, with contractionary effects across Member States that still persist;
2012/12/20
Committee: ECON
Amendment 67 #
Motion for a resolution
Recital L
L. whereas the Macroeconomic Imbalances Procedure (MIP) scoreboard for 2011 illustrates the huge imbalances inside the European Union, especially in the eurozone; the 3-year average of Current Account Balance as % of GDP shows strong surpluses for only three countries (Luxembourg and the Netherlands at +7.5 and Germany at +5.9), with the majority of the other countries in negative positions; whereas a concise justification for the asymmetric approach on deficits and surpluses in the MIP remains outstanding;
2012/12/20
Committee: ECON
Amendment 95 #
Motion for a resolution
Recital P
P. whereas surplus countries should have been asked to share the adjustment burden, both of fiscal and external balances, by stimulating their internal demand, notably by adjustraising wages;
2012/12/20
Committee: ECON
Amendment 106 #
Motion for a resolution
Recital R
R. whereas lending to the private sector remains weak and private credit flows are subdued, despite the various liquidity programmes established by the ECB;
2012/12/20
Committee: ECON
Amendment 125 #
Motion for a resolution
Paragraph 1
1. Welcomes the recognition in the AGS 2013 that growth is necessary in order to exit the crisis, but doubts whether the positive signs of recovery seen by the Commission are accurate; warns of the risk of a continued contraction of economic activity over the coming year, and consequent deterioration of fiscal problems, resulting from the aggregate negative effect of significant and simultaneous procyclical budget cuts across the euro area;
2012/12/20
Committee: ECON
Amendment 142 #
Motion for a resolution
Paragraph 2
2. Calls on the Commission to study seriously the possibility of spreading and backloading fiscal adjustment over a longer period, thereby providing additional temporary room for manoeuvre to re-ignite growth as soon as possible;.
2012/12/20
Committee: ECON
Amendment 167 #
Motion for a resolution
Paragraph 5 a (new)
5a. Notes that a change in the deadline will only be effective if it is used to promote economic growth and unemployment as the basis for a sustainable fiscal adjustment;
2012/12/20
Committee: ECON
Amendment 191 #
Motion for a resolution
Paragraph 9 a (new)
9a. Urges the Comission to promote debt restructuring processes in the member- states under adjustment programmes and other member-states with unsustainable debt trajectories; underlines that these debt restructuring programmes can only provide a sufficient debt burden relief if they envolve official creditors, as well as private ones;
2012/12/20
Committee: ECON
Amendment 193 #
Motion for a resolution
Paragraph 10
10. Calls on the Commission and the Council to improve substantially the quality, the national specificity and the adequacy of the country-specific recommendations, notably through a competent interpretation of the macroeconomic imbalances exercise, including a symmetric approach to current account deficits and surpluses; Urges the Comission to engage in a more adequate assessment of the impacts of those recommendations on growth and of growth, or lack thereof, in fiscal adjustment;
2012/12/20
Committee: ECON
Amendment 228 #
Motion for a resolution
Paragraph 14
14. Stresses that determined efforts by Member States to sustain public finances, at an appropriate pace, can only work if macroeconomic imbalances are reduced symmetrically; Notes that these objectives can only be achieved simultaneously through growth in the eurozone as a whole, and demand expanding policies in surplus countries;
2012/12/20
Committee: ECON