Activities of Thomas HÄNDEL related to 2010/0281(COD)
Shadow opinions (1)
OPINION on the proposal for a regulation of the European Parliament and of the Council on the prevention and correction of macroeconomic imbalances
Amendments (12)
Amendment 43 #
Proposal for a regulation
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The European Parliament rejects the Commission proposal.
Amendment 57 #
Proposal for a regulation
Article 2 – paragraph 1 – point a
Article 2 – paragraph 1 – point a
(a) ‘imbalances’ means macroeconomic developments persistently diverging developments between aggregate demand and aggregate supply leading to a systematic surplus or deficit in the overall savings position of an economy, which areis adversely affecting, or haves the potential to adversely to affect, the proper functioning of the economy of a Member State or of economic and monetary union, or of the Union as a whole.
Amendment 65 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The scoreboard shall be made up of an array of macroeconomic and, macrofinancial and social indicators for Member States. The Commission may set indicative lower or upper thresholds for these indicators to serve as alert levels. The thresholds applicable to Member States whose currency is the euro may be different from those applicable to the other Member Stse will allow to detect serious misalignments between aggregate demand and supply and between an economy’s income and consumption. Social indicators will, amongst others, include indicators on inequalities, the incidence of low pay, the working poor, the share of labour income in overall GDP and unit profit rates.
Amendment 84 #
Proposal for a regulation
Article 7 – paragraph 2
Article 7 – paragraph 2
2. The Council, on a recommendation from the Commission, after consulting the European Parliament and the European social partners may adopt recommendations in accordance with Article 121(4) of the Treaty declaring the existence of an excessive imbalance and recommending the Member State concerned to take corrective action. Those recommendations shall set out the nature of the imbalances and specify the corrective action to be taken in detail and the deadline within which the Member State concerned must take such corrective action. The Council may, as provided for in Article 121(4) of the Treaty, make its recommendations public.
Amendment 86 #
Proposal for a regulation
Article 7 – paragraph 2 a (new)
Article 7 – paragraph 2 a (new)
2a. The recommendations referred to in paragraph 2 shall comply with the objectives of the Union as defined in Article 3 of the Treaty on European Union. The recommendations shall take due account of Article 153 TFEU, as well as of the rights incorporated in the Charter of Fundamental Rights of the European Union. The recommendations shall also strictly respect the specificity of each Member State, in particular its model of industrial relations and social dialogue. Due attention shall be paid to the symmetry of recommendations, addressing excessive savings in a similarly intense way as situations in which economies are excessively indebting themselves.
Amendment 168 #
Draft legislative resolution
Paragraph 1
Paragraph 1
1 Rejects the Commissions proposal.
Amendment 180 #
Proposal for a regulation
Article 2 – paragraph 1 – point a
Article 2 – paragraph 1 – point a
(a) 'imbalances‘' means macroeconomic developments persistently diverging developments between aggregate demand and aggregate supply leading to a systematic surplus or deficit in the overall savings position of an economy, which areis adversely affecting, or haves the potential to adversely to affect, the proper functioning of the economy of a Member State or of economic and monetary union, or of the Union as a whole.
Amendment 189 #
Proposal for a regulation
Article 2 – paragraph 1 – point b
Article 2 – paragraph 1 – point b
(b) 'excessive imbalances‘ means severe imbalances, including imbalances that jeopardise the proper functioning of economic, social and monetary union.
Amendment 208 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The scoreboard shall be made up of an array of macroeconomic and, macrofinancial and social indicators for Member Sstates. The Commission may set indicative lower or upper thresholds for these indicators to serve as alert levels. The thresholds applicable to Member States whose currency is the euro may be different from those applicable to the other Member Stse will allow to detect serious misalignments between aggregate demand and supply and between an economy’s income and consumption. Social indicators will, amongst others, include indicators on inequalities, the incidence of low pay, the working poor, the share of labour income in overall GDP and unit profit rates.
Amendment 312 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
1. If, on the basis of the in-depth review referred to in Article 5, the Commission considers that the Member State concerned is affected by excessive imbalances, it shall inform the Council and the European Parliament accordingly.
Amendment 320 #
Proposal for a regulation
Article 7 – paragraph 2
Article 7 – paragraph 2
2. The Council, on a recommendation from the Commission, after consulting the European Parliament and the European social partners may adopt recommendations in accordance with Article 121(4) of the Treaty declaring the existence of an excessive imbalance and recommending the Member State concerned to take corrective action. Those recommendations shall set out the nature of the imbalances and specify the corrective action to be taken in detail and the deadline within which the Member State concerned must take such corrective action. The Council may, as provided for in Article 121(4) of the Treaty, make its recommendations public.
Amendment 325 #
Proposal for a regulation
Article 7 – paragraph 2 a (new)
Article 7 – paragraph 2 a (new)
2a. The recommendations referred to in paragraph 2 shall comply with the objectives of the Union as defined in Article 3 of the Treaty on European Union. The recommendations shall take due account of Article 153 TFEU, as well as of the rights incorporated in the Charter of Fundamental Rights of the European Union. The recommendations shall also strictly respect the specificity of each Member State, in particular its model of industrial relations and social dialogue. Due attention shall be paid to the symmetry of recommendations, addressing excessive savings in a similarly intense way as situations in which economies are excessively indebting themselves.