33 Amendments of Eva JOLY related to 2012/0164(APP)
Amendment 2 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas Hungary, Romania and Latvia were the first Member States to request and benefit from a EU financial assistant at the beginning of the financial and economic crisis by means of a BoP facility; whereas the economic and financial crisis has hit seriously several non euro area Member States;
Amendment 7 #
Motion for a resolution
Recital G
Recital G
G. whereas updating Regulation (EC) No 332/2002 would help ensureing a level playing field between euro area and non- euro area Member States and would simplify the procedure for activating the balance of payments facility;
Amendment 10 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the BoP Proposal as a first step towards achieving a level playing field between euro area and non-euro area Member States; acknowledges that the task is not simple given the powerfulfeatures of the mechanisms recently created for the euro area;
Amendment 13 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Points outDeplores that the Commission did not conduct a wide consultation before the adoption of the BoP Proposal, and that the Commission did not provide reasons to suggest that this was because of exceptional urgency, as required pursuant to Article 2 of Protocol 2 on the application of the principles of the subsidiarity and proportionality annexed to the TFEU and to the Treaty on European Union (TEU);
Amendment 14 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Points out and regrets that no reference was made to the application of the principles of subsidiarity and proportionality as required by Article 5 of Protocol No 2 on the application of the principles of the subsidiarity and proportionality annexed to the TFEU and to the TEU; asks the Commission and Council to make an explicit reference to the above mentioned principles ahead of the submission of the Regulation for a European Parliament consent;
Amendment 15 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Asks the Council and the Commission to take account of the following recommendationsquests ahead of the submission of the amended proposal for a European Parliament consent:
Amendment 16 #
Motion for a resolution
Paragraph 5 – point i
Paragraph 5 – point i
(i) the Commission should clarify wthether relationship between any assistance that might be granted to a non-euro area Member State under Regulation (EU) No 407/2010 establishing the European Financial Stability Mechanism* would be governed by the1 and the provisions and instruments adoptestablished pursuant to the BoP Regulation after the discontinuation of the European Financial Stability Mechanism (EFSM); 1 OJ L 118, 12.5.2010, p. 1.
Amendment 21 #
Motion for a resolution
Paragraph 5 – point ii
Paragraph 5 – point ii
(ii) no effective link or material conditionality should be established between the balance of payments facility and the use of structural funds; conditions relating to the use of structural funds should, if at all, should be addressed in the relevant legislative act;
Amendment 25 #
Motion for a resolution
Paragraph 5 – point iii
Paragraph 5 – point iii
(iii) the increased variety of financial assistance to non-euro area Member States provided for in the BoP Proposal is welcomed; however, an appropriate instrument for direct bank recapitalisation instrument for non euro area Member States, breaking the vicious circle between public finances and the domestic banking sector, needs to be added to the selection of financial assistance tools in order to ensure a level playing field between euro area and non- euro area Member States;
Amendment 27 #
Motion for a resolution
Paragraph 5 – point iv
Paragraph 5 – point iv
Amendment 29 #
Motion for a resolution
Paragraph 5 – point iv a (new)
Paragraph 5 – point iv a (new)
(iva) regarding the conditions and the procedures for granting loans, the European Central Bank (ECB) should have less involvement in the preparation of the adjustment programmes. In its opinion (CON/2013/2), the ECB considers it inappropriate to assume such a role for a non-euro area Member State; therefore, as the ECB suggested it, Article 3(3) 'acting in liaison with the ECB' and Article 3(8) 'in liaison with the ECB' should be replaced by 'taking into account the view of the ECB, should the ECB decide to give advice in this respect';
Amendment 30 #
Motion for a resolution
Paragraph 5 – point iv b (new)
Paragraph 5 – point iv b (new)
(ivb) in general, more clarity and specifications are required for the elaboration and assessment of the macro- economic adjustment programme, particularly regarding policy and procedural requirements aiming at re- establishing "a sustainable balance of payments position and at restoring its capacity to finance itself fully on the financial markets";
Amendment 31 #
Motion for a resolution
Paragraph 5 – point v
Paragraph 5 – point v
(v) with reference to Article 4(1), regarding conditions for granting a precautionary conditioned credit line (PCCL), the BoP Proposal would benefit from more operational clarity on two concepts, namely 'sustainability of the external position' and the 'presence or absence of bank solvency problems' that would pose systemic threats to the banking system stability'; with that purpose such concepts should be specified directly in Article 4 with explicit references to the appropriate indicators foreseen in relevant EU texts (CRD, ESRB, ESAs regulations, '6pack', fiscal sustainability reports) or at the very least by means of delegated acts. In the same rationale Article 4 should make explicit that the global assessment foreseen should be carried by the Commission and should be made public, as appropriate. A reference to the assessments foreseen in the framework of the macroeconomic imbalances procedure as established by Regulation 1176/2011 should also be added to eligibility criteria;
Amendment 32 #
Motion for a resolution
Paragraph 5 – point vi
Paragraph 5 – point vi
(vi) more clarity and more precise guidelines are needed with regard to Article 4(2) referring to conditions for granting a enhanced conditions credit line (ECCL), of the BoP Proposal as to the thresholds and criteria of the assessment at which a country is no longer eligible for a precautionary conditioned credit line (PCCL), but still eligible for an enhanced conditions credit line (ECCL) ECCL as well as clarity on the procedures leading to the assessment referred to in such paragraph;
Amendment 33 #
Motion for a resolution
Paragraph 5 – point viii
Paragraph 5 – point viii
(viii) it is necessary to enhance the transparency and accountability within the enhanced surveillance process by adapting the economic dialogue in a way that allows the relevant National Parliament as well as the European Parliament to invite the Commission, the Council, the European Central Bank (ECB) and the International Monetary Fund (IMF) for an exchange of views;
Amendment 34 #
Motion for a resolution
Paragraph 5 – point ix a (new)
Paragraph 5 – point ix a (new)
(ixa) article 6.2 of the BoP proposal on enhanced surveillance integrates a certain number of elements which reflect the substance of the Commission proposal on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area. Therefore, the BoP proposal should be updated with the aim of ensuring a level playing field so as to reflect the provisional agreement of the Parliament and the Council negotiating teams on the relevant parts of the Ferreira report, namely on standards and procedures regarding specifications for reporting requirements foreseen in article 7 of the Ferreira report;
Amendment 37 #
Motion for a resolution
Paragraph 5 – point ix b (new)
Paragraph 5 – point ix b (new)
(ixb) with the purpose en ensuring a level playing field between euro area and non euro area Member States provisions regarding enhanced surveillance in article 6 of the BoP regulation should be updated so as to integrate a certain number of elements provisionally agreed in the Ferreira report such as, where relevant, provisions on economic partnerships programmes and their relationship with macroeconomic adjustment programmes, monitoring requirements on the quality of public finances including provisions regarding the impact of foreseen budgetary measures on EU2020 targets and the adaptations that an assistance programme entails on the National Reform Programmes, as well as indications on cost-benefit assessments on public investments, a description and quantification of budgetary measures, including foreseen tax policy reforms and potential spill-over effects of foreseen measures for other Member States;
Amendment 38 #
Motion for a resolution
Paragraph 5 – point ix c (new)
Paragraph 5 – point ix c (new)
(ixc) The EUR 50 billion limit foreseen in article 2 of the BoP Regulation proposal should be reviewed so as to allow to gradually increase of such a limit in function of the reimbursement of EFSM outstanding credits by means of a Council decision;
Amendment 40 #
Motion for a resolution
Paragraph 5 – point x – first indent
Paragraph 5 – point x – first indent
- the recognition and role of spill-over effects (Article 1(1) and, Article 3(1a) and 6(4) of the Gauzès report),
Amendment 41 #
Motion for a resolution
Paragraph 5 – point x – fourth indent
Paragraph 5 – point x – fourth indent
- specifications for the conduct of Member States under enhanced surveillance, including mention of thean adapted role ofor the ECB (Article 3(1) of the Gauzès report) as referred to in paragraph 5iva;
Amendment 42 #
Motion for a resolution
Paragraph 5 – point x – fifth indent a (new)
Paragraph 5 – point x – fifth indent a (new)
- specifications regarding the obligation to involve the social partners and civil society and the observation of Article 151 and 152 TFEU and Article 28 of the Charter of Fundamental Rights of the European Union and to ensure that this regulation does not affect the right to negotiate, conclude and enforce collective agreements and to take collective action in accordance with national law (Article 6 and article 1.2a of the Gauzès report)
Amendment 43 #
Motion for a resolution
Paragraph 5 – point x – fifth indent a (new)
Paragraph 5 – point x – fifth indent a (new)
- specifications regarding the involvement of the social partners and civil society (Article 6a of the Gauzès report)
Amendment 46 #
Motion for a resolution
Paragraph 5 – point x – sixth indent
Paragraph 5 – point x – sixth indent
- specifications on the debt sustainability analysiregarding the evaluation on the government debt sustainability analysis, including disclosure requirements (Article 5(1a) of the Gauzès report)
Amendment 47 #
Motion for a resolution
Paragraph 5 – point x – seventh indent
Paragraph 5 – point x – seventh indent
- transparency and accountability to European Parliament within the macroeconomic adjustment programme (Article 6(1)and where relevant to the National Parliaments, including obligations to disclose macroeconomic adjustment programmes and the expected distribution of the adjustment effort (Articles 2, 3, 6, 13b of the Gauzès report);
Amendment 49 #
Motion for a resolution
Paragraph 5 – point x – seventh indent a (new)
Paragraph 5 – point x – seventh indent a (new)
- inclusion of a clause regarding practices and institutions for wage formation and the observance of article 151 TFEU and article 28 of the Charter for Fundamental Rights (Article 6(1) of the Gauzès report);
Amendment 50 #
Motion for a resolution
Paragraph 5 – point x – seventh indent b (new)
Paragraph 5 – point x – seventh indent b (new)
- additional specifications regarding the mandate of technical assistance provided to Member States under programme (art 6(6) of the Gauzès report);
Amendment 51 #
Motion for a resolution
Paragraph 5 – point x – seventh indent c (new)
Paragraph 5 – point x – seventh indent c (new)
- additional specifications regarding measures to safeguard tax revenues (Article 6b of the Gauzès report);
Amendment 52 #
Motion for a resolution
Paragraph 5 – point x – eighth indent
Paragraph 5 – point x – eighth indent
- the need for realistic and, updated and disclosed forecasts (Articles 5 and 6(4) of the Gauzès report);
Amendment 53 #
Motion for a resolution
Paragraph 5 – point x – ninth indent
Paragraph 5 – point x – ninth indent
- assessment of whether deviations from the programme are within or beyond Member State control, assessment of the consequences resulting from the adjustment programme and the explicit protection of health care and education sectors (Articles 6(4) and 6(5) of the Gauzès report)
Amendment 54 #
Motion for a resolution
Paragraph 5 – point x – tenth indent a (new)
Paragraph 5 – point x – tenth indent a (new)
- close cooperation between the Member State under assistance and the Commission in order to maintain private investor exposure in the Member State concerned (Article 6(4a));
Amendment 55 #
Motion for a resolution
Paragraph 5 – point x – eleventh indent
Paragraph 5 – point x – eleventh indent
- regular communication of the review mission findings in post-programmassistance surveillance to the relevant National Parliament and the European Parliament, including the possibility to conduct an economic dialogue (Articles 11(3) and 11(4a) of the Gauzès report),
Amendment 56 #
Motion for a resolution
Paragraph 5 – point x – twelfth indent
Paragraph 5 – point x – twelfth indent
- reverse qualified majority Voting in the Council as concernsregarding corrective measures for post-programme measures (Article 11(4) of the Gauzès report),
Amendment 57 #
Motion for a resolution
Paragraph 5 – point x – thirteenth indent
Paragraph 5 – point x – thirteenth indent
- report on a review of the BoP Regulation (Article 13(cd) of the Gauzès report),