BETA

Activities of Alain CADEC related to 2014/2145(INI)

Plenary speeches (1)

Review of the economic governance framework: stocktaking and challenges (debate) FR
2016/11/22
Dossiers: 2014/2145(INI)

Amendments (32)

Amendment 74 #
Motion for a resolution
Recital A a (new)
Aa. whereas economic governance in the Economic and Monetary Union necessarily, on the basis of solidarity, operates in accordance with national disciplines and the maximising of sustainable growth in all parties to the Stability and Growth Pact;
2015/03/04
Committee: ECON
Amendment 75 #
Motion for a resolution
Recital A b (new)
Ab. whereas the Stability and Growth Pact is the organic text underpinning the entire structure of the European Semester; whereas its spirit of pacta sunt servanda and its interpretation, in particular in relation to the flexibility criteria, may not derogate from the fundamental requirements of solidarity and responsibility;
2015/03/04
Committee: ECON
Amendment 105 #
Motion for a resolution
Recital C
C. whereas, on the one hand, according to the Commission’s autumnwinter forecast, investment in the euro area decreased by 3.4 after two consecutive years of negative growth, gross domestic product (GDP) in the euro area is expected to be 1.7% in 2012, by5 and 2.4 1% in 20136, and by 17 % since the pre-crisis period, with the expected rebound rate in 2014 (0.6 %) and that anticipated for 2015 (1.7 %) being very weak; whereas a lack of investment can be just as detrimental to future generations as excessive public debtwhereas, on the other hand, the combined impact of the fall in fuel prices, low interest rates and a monetary policy of quantitative easing are paving the way to accelerated economic recovery;
2015/03/04
Committee: ECON
Amendment 168 #
Motion for a resolution
Paragraph 1
1. Believes that the current economic situation calls for urgent, comprehensive and decisive measures to face the threat of deflation or very lowstimulate inflation, low growth and high unemployment;
2015/03/04
Committee: ECON
Amendment 192 #
Motion for a resolution
Paragraph 2
2. Highlights the fact that the current economic governance framework does not allow for a proper debateBelieves that it is too early to determine the true impact onf the economic perspective ofgovernance framework on the euro area or on an aggregate fiscal stance and does not address the different economic and fiscal situations on an equal footing;
2015/03/04
Committee: ECON
Amendment 219 #
Motion for a resolution
Paragraph 3
3. Notes that major policy initiatives which included policy recommendations were based on economic forecasts that had not anticipated the low growth and inflation experienced and have not fully taken into account the underestimation of the size of the fiscal multiplier, the importance of spillover effects across countries in a period of synchronised consolidation and the deflationary impact of cumulative structural reforms;deleted
2015/03/04
Committee: ECON
Amendment 245 #
Motion for a resolution
Paragraph 4
4. Stresses that the current situation calls for closer and inclusive economic coordination (to increase aggregate demand, improve fiscal sustainability and allow for fair and sustainable structural reforms and related investments) and for swift reactions so as to correct the most obvious fault lines in the economic governance framework;
2015/03/04
Committee: ECON
Amendment 268 #
Motion for a resolution
Paragraph 5
5. Warns that the accumulation of procedures makes the economic governance framework coStresses the importance of simplex and not transparent enough, which is detrimental to the ownership and acceptance by parliaments, social partners and citizens of guidelines, recommendations and reforms stemming from this frameworkconomic governance procedures;
2015/03/04
Committee: ECON
Amendment 283 #
Motion for a resolution
Paragraph 5 a (new)
5a. Notes the absolute necessity of subjecting the collection and publication of statistical information gathered by the Member States to regular quality audits and of taking corrective measures where necessary to ensure that the measurement of social and economic indicators is accurate, transparent and sustainable;
2015/03/04
Committee: ECON
Amendment 323 #
Motion for a resolution
Paragraph 8
8. Welcomes the fact that in its interpretative communication on flexibility, the Commission acknowledges that the way in which the current fiscal rules are interpreted is crucial in bridging the investment gap in the EU and implementing growth-enhancingincludes investment flexibility and emphasises the Member States’ responsibility to implement the appropriate structural reforms;
2015/03/04
Committee: ECON
Amendment 376 #
Motion for a resolution
Paragraph 10
10. Believes that the communication rightly broadens the scope of the investment clause, allowings for flexibility in the preventive arm of the SGP to accommodate investment programmes by the Member States, in particular as regards expenditure on projects under structural and cohesion policy, including the Youth Employment Initiative, trans-European networks and the Connecting Europe Facility, and co- financing under the EFSI; believes that this approach must be urgently reassessed to be symmetrically applied to the corrective arm of the SGPpoints out that a Member State subject to the corrective arm of the SGP may also contribute to the European Fund for Strategic Investments; maintains that this contribution must not under any circumstances hold back the implementation of structural reforms by the Member States;
2015/03/04
Committee: ECON
Amendment 389 #
Motion for a resolution
Paragraph 11
11. Believes thatStresses the structural reform clause under the preventive arm and the means of considering structural reform plans under the corrective arm constitute a step forward as regards ensuring the more efficient implementation of reforms by Member States; calls for further clarification as to the types of structural reforms eligible under this new scheme; believes that a direct link to the cost, timeframe impact and value of structural reforms should also be explicit in the corrective arm of the SGP; recalls the need for every Member State to implement the appropriate structural reforms, as proposed by the Commission in the country-specific recommendations;
2015/03/03
Committee: ECON
Amendment 398 #
Motion for a resolution
Paragraph 12
12. Believes that structural reforms should have a positive socioeconomic return and contribute to increasedrationalisation of administrative capacity;
2015/03/03
Committee: ECON
Amendment 432 #
Motion for a resolution
Paragraph 14
14. Believes that more room for flexibility and soft laws exists under the SGP and in the European Semesthe Member States have a responsibility to respect the SGP, and stresses that the SGP was drawn up by consensus among the EU Member Staters; invites the Commission, therefore, to build on thise flexibility and to propose rule changes where neededpermitted by the existing rules;
2015/03/03
Committee: ECON
Amendment 449 #
Motion for a resolution
Paragraph 15
15. Invites the Commission and the Council to better articulate the fiscal and macroeconomic frameworks, notably in the corrective arm of the SGP, to allow for earlier debate among stakeholders, taking into account the need to increase convergence between euro area Member States and the role of national parliaments and social partners regarding the design and implementation of structural reformtake into account the need to increase convergence between euro area Member States;
2015/03/03
Committee: ECON
Amendment 464 #
Motion for a resolution
Paragraph 16
16. Insists that the Annual Growth Survey (AGS) and euro area recommendation must be better designed and put to better use to allow for a global economic debate, notably as regards convergence in the euro area; proposes that the country-specific recommendations (CSRs) should be established on the basis of striking a better balance between the AGS and the macroeconomic imbalance procedure (MIP), and suggests that the euro area recommendation should be made compulsory following a proper debate with the European Parliament, with incentives being offered so as to encourage the implementation thereof; requests that the excessive deficit procedure (EDP) recommendation be joined together with the CSRsStresses the importance of a global economic debate, notably as regards convergence in the euro area;
2015/03/03
Committee: ECON
Amendment 476 #
Motion for a resolution
Paragraph 16 a (new)
16a. Calls on the Member States to base their national budgets solely on the macroeconomic forecasts compiled by the Commission for the European Semester;
2015/03/03
Committee: ECON
Amendment 483 #
Motion for a resolution
Paragraph 17
17. Asks the Commission to verify whether the current 1/20 rule on debt reduction is sustainable and whether it needs to be reconsidered;deleted
2015/03/03
Committee: ECON
Amendment 494 #
Motion for a resolution
Paragraph 17 a (new)
17a. Encourages the Finance Committees of the national parliaments to systematically invite the European Commissioners responsible for economic governance to a public debate in their chambers before the draft budgets of the Member States are adopted;
2015/03/03
Committee: ECON
Amendment 510 #
Motion for a resolution
Paragraph 18
18. Asks the Commission to make the three-pillar strategy (investment, fiscal rules and structural reforms), presented in the AGS 2015, more concrete under the euro area recommendation and in the CSRs and to strengthen its approach by building a fourth pillar on taxation by preparing a fiscal convergence roadmap in collaboration with the European Parliament, taking account of the work done by the Special Committee on tax rulings and other measures similar in nature or effect;
2015/03/03
Committee: ECON
Amendment 525 #
Motion for a resolution
Paragraph 19
19. Believes that national fiscal councils could play a useful role at EU level; requests the set-up of a European network allowing for an independent analysis of the economic perspective to be established as a basis for a proper political discussion among stakeholders;deleted
2015/03/03
Committee: ECON
Amendment 551 #
Motion for a resolution
Paragraph 20 a (new)
20a. Calls for a public meeting to be held between the Finance Ministers of the Member States and the European Parliament’s Committee on Economic and Monetary Affairs every third quarter before the adoption of the national budgets of the Member States;
2015/03/03
Committee: ECON
Amendment 558 #
Motion for a resolution
Paragraph 21
21. Calls on the Commission to explore ways in which to better align the preventive and corrective arms of the SGP, in particular regarding investment allowing temporary deviation from the MTO, or the adjustment path towards it, within the existence of a safety margin under the preventive armNotes the work done by the Commission in interpreting the flexibility within the rules relating to the SGP and its balanced approach to investment;
2015/03/03
Committee: ECON
Amendment 565 #
Motion for a resolution
Paragraph 22
22. Asks the Commission to take into accountcontinue to analyse all relevant factors, including real growth and inflation, when evaluating the economic and fiscal situations of Member States under the EDP;
2015/03/03
Committee: ECON
Amendment 573 #
Motion for a resolution
Paragraph 23
23. Insists on the need to clarify the way in which effective actions are taken into account under the EDP;deleted
2015/03/03
Committee: ECON
Amendment 622 #
Motion for a resolution
Paragraph 27
27. Acknowledges, based on the current situation, that the economic governance framework must be corrected and completed in both the medium and long term to allow for the EU and the euro area must be able to meet the challenges of convergence, long-lasting investment and reliance;
2015/03/03
Committee: ECON
Amendment 668 #
Motion for a resolution
Paragraph 32
32. Requests, as per the opinion of the ECJ’s Advocate-General, that the ECB not form part of any assistance programmes;deleted
2015/03/03
Committee: ECON
Amendment 704 #
Motion for a resolution
Paragraph 34
34. Recalls that a ‘genuine Economic and Monetary Union’ (EMU) cannot simply be limited to a system of rules but also requires an increased euro area fiscal capacity;
2015/03/03
Committee: ECON
Amendment 724 #
Motion for a resolution
Paragraph 36
36. Asks the Commission to come forward with an ambitious roadmap which takes into account the need for economic goto bring about convernagence reforms, as outlined in this report, and which should be presented to Parliament by the end of May 2015, ahead of the June European Councilof the fiscal policies of the Member States with the aim of completing Economic and Monetary Union;
2015/03/03
Committee: ECON
Amendment 748 #
Motion for a resolution
Paragraph 37 – indent 1
– a ‘taxation union’, starting with measures to bring about convergence of the fiscal policies of the Member States,
2015/03/03
Committee: ECON
Amendment 761 #
Motion for a resolution
Paragraph 37 – indent 2
– a social dimension, including a minimum wage mechanism and a minimum unemployment benefit scheme for the euro area and in-depth reforms to favour mobility under which convergence of the social policies of the Member States would be advocated,
2015/03/03
Committee: ECON
Amendment 794 #
Motion for a resolution
Paragraph 37 – indent 4
– a euro area fiscal capacity notably to finance counter cyclical actions, structural reforms or part of debt reduction;
2015/03/03
Committee: ECON