Activities of Jürgen CREUTZMANN related to 2010/0279(COD)
Shadow opinions (1)
OPINION on the proposal for a regulation of the European Parliament and of the Council on enforcement measures to correct excessive macroeconomic imbalances in the euro area
Amendments (9)
Amendment 21 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
1a. The Stability and Growth Pact and the complete economic governance framework should complement and be compatible with a Union strategy for growth and jobs which aims at boosting the Union's competitiveness.
Amendment 22 #
Proposal for a regulation
Recital 1 b (new)
Recital 1 b (new)
1b. The European semester for economic policy coordination should play a vital role in implementing Article 121(1) of the Treaty on the Functioning of the European Union (TFEU), laying down that Member States regard their economic policies as a matter of common concern and that they coordinate them in that respect. Transparency and independent oversight are an integral part of enhanced economic governance. The Council and the Commission should make public and state the reasons for their positions and decisions at the appropriate stages of the economic policy coordination procedures.
Amendment 24 #
Proposal for a regulation
Recital 9 a (new)
Recital 9 a (new)
9a. A one-off fine should be imposed if a Member State manipulates financial data, falsifies statistics or provides misleading information as a consequence of misconduct.
Amendment 25 #
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
Amendment 28 #
Proposal for a regulation
Recital 12
Recital 12
12. The collected fines should be distributed between Member States whose currency is the euro which are neither the subject of an excessive imbalance procedure nor have an excessive deficitallocated to a permanent crisis mechanism (European Monetary Fund). Until the establishment of such a fund, the fines should be credited to the European Financial Stability Facility.
Amendment 33 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The yearly fine to be proposed by the Commission shall be 0.1at least 0.1% and not more than 0.5% of the GDP of the Member State concerned in the preceding year.
Amendment 35 #
Proposal for a regulation
Article 3 – paragraph 4 a (new)
Article 3 – paragraph 4 a (new)
4a. In the event that a Member State manipulates financial data, falsifies statistics or provides misleading information, the Council, acting on a proposal from the Commission, may adopt a decision requiring the Member State to pay a fine. Such a fine shall be a one-off payment of 0.5% of the GDP of the Member State concerned in the preceding year. The decision shall be deemed adopted by the Council unless it decides, by qualified majority, to reject the proposal within ten days of the Commission adopting it. The Council may amend the proposal in accordance with Article 293(1) of the Treaty.
Amendment 36 #
Proposal for a regulation
Article 4
Article 4
Fines collected in accordance with Article 3 of this Regulation shall constitute other revenue, as referred to in Article 311 of the Treaty, and shall be distributed, in proportion to their share in the total gross national income (GNI) of the eligible Member States, between Member States whose currency isallocated to the permanent crisis mechanism (European Monetary Fund). Until the establishment of the eEuro and which are not the subject of an excessive imbalance procedure within the meaning of Regulation (EU) No […/…] and do not have an excessive deficit as determined in accordance with Article 126(6) of the Treapean Monetary Fund, those fines shall be credited to the European Financial Stability Facility.
Amendment 38 #
Proposal for a regulation
Article 5 a (new)
Article 5 a (new)
In order to enhance the dialogue between the Union institutions, in particular the European Parliament, the Council and the Commission on the one hand, and the national parliaments, national governments and other relevant bodies of the Member States on the other, and to ensure greater transparency and accountability, the competent committee of the European Parliament may organise public debates on macro-economic and budgetary surveillance undertaken by the Council and the Commission.