Activities of Jürgen CREUTZMANN related to 2010/0276(CNS)
Shadow opinions (1)
OPINION on the proposal for a Council regulation amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure
Amendments (1)
Amendment 55 #
Proposal for a regulation – amending act
Article 1 – point 14
Article 1 – point 14
Regulation (EC) No 1467/97
Article 16
Article 16
Fines referred to in Article 12 of this Regulation shall constitute other revenue referred to in Article 311 of the Treaty and shall be distributed among participating Member States which do not have excessive deficit as determined in accordance with Article 126(6) of the Treaty and which are not the subject of an excessive imbalance procedure within the meaning of Regulation (EU) No […/…], in proportion to their share in the total gross national income (GNI) of the eligible Member Statesallocated to the permanent crisis mechanism (European Monetary Fund). Pending the establishment of the European Monetary Fund, those fines shall be credited to the European Financial Stability Facility.