22 Amendments of Roberto GUALTIERI related to 2018/0212(COD)
Amendment 40 #
Proposal for a regulation
Title 1
Title 1
Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the establishment of a European Investment Stabilisation FunctionProtection Scheme
Amendment 46 #
Proposal for a regulation
Recital 3
Recital 3
(3) Member States should conduct their economic policies and should coordinate them in such a way as to attain the objective of strengthening economic, social, and territorial cohesion. Shocks may put at risk this objective while a stabilisation instrument would allow Members States to contribute to it.
Amendment 64 #
Proposal for a regulation
Recital 6
Recital 6
(6) The financial crisis has resulted in a pro-cyclical pattern for fiscal policies, which has been detrimental to the quality of public finances and in particular for public investment and national unemployment schemes. In turn, that shortcoming has contributed to widespread differences in macroeconomic performance between Member States, imperilling cohesion.
Amendment 71 #
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) A stabilisation instrument would avoid negative impacts on potential growth as a shock on public investment or employment can easily turn into structural. This would affect primarily the hit Member State but, as the euro area is very integrated, it would damage growth prospects of other Members States. The most efficient channel to produce this spill over effect is trade. Therefore, a stabilisation tool is not only a matter of solidarity but also of economic policy.
Amendment 74 #
Proposal for a regulation
Recital 8
Recital 8
(8) In particular, in order to support Member States whose currency is the euro to respond better to rapidly changing economic circumstances and stabilise their economy by preserving public investment and financing national unemployment schemes in the event of large asymmetric or symmetric shocks, a European Investment Stabilisation Function (EISFProtection Scheme (EPS) should be established.
Amendment 79 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) This Regulation does not affect terms and conditions of Member States' unemployment schemes nor does it affect relations between social partners, including the right to negotiate and conclude collective agreements in accordance with national law.
Amendment 110 #
Proposal for a regulation
Recital 14
Recital 14
(14) The activation of EISFPS support should therefore be determined by a double activation trigger based on both the level of national unemployment rate compared to its past average andor the change in unemployment rate compared to a certain threshold.
Amendment 130 #
Proposal for a regulation
Recital 17
Recital 17
(17) Member States with a derogation which benefit from balance of payments support within the meaning of point (a) of Article 3(2) of Council Regulation (EC) No 332/200213 should not benefit from EISFPS support since their financing needs including for maintaining public investment are addressed via the medium- term financial assistance facility granted. _________________ 13 Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States' balance of payments (OJ L 53, 23.2.2002, p.1).
Amendment 133 #
Proposal for a regulation
Recital 18
Recital 18
(18) EISFPS support should take the form of loans to the Member States concerned. That instrument would provide them with financing to continue executing public investment and support national unemployment scheme.
Amendment 164 #
Proposal for a regulation
Recital 26
Recital 26
(26) A Stabilisation Support Fund should be established to finance the interest rate subsidy and to support national unemployment. The Stabilisation Support Fund should be endowed with national contributions from Member States whose currency is the euro and other Member States that participate in the exchange rate mechanism (ERM II).
Amendment 172 #
Proposal for a regulation
Recital 27 a (new)
Recital 27 a (new)
(27a) Within five years, at most, of the date of entry into force of this Treaty, on the basis of an assessment of the experience with its implementation, the necessary steps should be taken, in accordance with the Treaty on the European Union and the Treaty on the Functioning of the European Union, with the aim of incorporating the substance of this Treaty into the legal framework of the European Union.
Amendment 179 #
Proposal for a regulation
Recital 30
Recital 30
(30) In order to increase the impact of public investment and potential EISFPS support the quality of Member States' public investment systems and practices should be ensured and where appropriate strengthened. An assessment by the Commission should be carried out regularly and take the form of a report and if warranted contain recommendations to improve the quality of public investment systems and practices in Member States. A Member State could request technical assistance from Commission. The latter could undertake technical missions.
Amendment 192 #
Proposal for a regulation
Recital 33
Recital 33
(33) EISFPS should be considered as a first step in the development over time of a fully-fledged insurance mechanism to cater for macro-economic stabilisation. Currently, EISFPS would be based on loans and granting of interest rate subsidies. In parallel, it is not excluded that the ESM or its legal successor wshould be involved in the future become the backstop for the EPS by providing financial assistance to Member States whose currency is the euro facing adverse economic conditions in support of public investment. Moreover, a voluntaryn insurance mechanism with a borrowing capacity based on voluntary contributions by Member States cshould be set up in the future to provide for a powerful instrument for the purpose of macro-economic stabilisation against asymmetric and symmetric shocks.
Amendment 198 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Regulation establishes a European Investment and Employment Stabilisation Function (EISF).: the European Protection Scheme (EPS)
Amendment 246 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
Amendment 280 #
Proposal for a regulation
Article 4 – paragraph 1 – introductory part
Article 4 – paragraph 1 – introductory part
1. A Member State shall be considered to experience a largen asymmetric shock if any of the following activation criteria are simultaneouslyis fulfilled:
Amendment 285 #
Proposal for a regulation
Article 4 – paragraph 1 – point a
Article 4 – paragraph 1 – point a
(a) the quarterly national unemployment rate exceeded the average unemployment rate in the Member State concerned over a period of 630 quarters preceding the quarter during which the request is made;
Amendment 319 #
Proposal for a regulation
Article 5 – paragraph 1 a (new)
Article 5 – paragraph 1 a (new)
1a. A Member State benefiting from EPS support and that faces an asymmetric shock may, in any given year in which it receives EPS support use part of it to support its national unemployment system. The percentage of the EPS support a Member State can use under this paragraph shall be determined by the Commission in accordance with Article 6 of this regulation and upon request by the Member State.
Amendment 323 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1
Article 5 – paragraph 2 – subparagraph 1
The year following the disbursement of the EISFPS loan, the Commission shall examine whether the Member State concerned has respected the criteria referred to in paragraph 1. In particular, the Commission shall also verify the extent to which the Member State concerned has maintained eligible public investment in programmes supported by the Union under the European Regional Development Fund, the Cohesion fund, the European Social Fund, the European Maritime and Fisheries Fund and the European Agricultural Fund for Rural Development.
Amendment 437 #
Proposal for a regulation
Article 18 – paragraph 1
Article 18 – paragraph 1
1. The resources of the Stabilisation Support Fund may only be used for the purpose of payment of interest rate subsidies to Member States referred to in Article 9 and support national unemployment schemes.
Amendment 443 #
Proposal for a regulation
Article 19 a (new)
Article 19 a (new)
Article 19a Within five years, at most, of the date of entry into force of this Treaty, on the basis of an assessment of the experience with its implementation, the necessary steps shall be taken, in accordance with the Treaty on the European Union and the Treaty on the Functioning of the European Union, with the aim of incorporating the substance of this Treaty into the legal framework of the European Union.
Amendment 444 #
Proposal for a regulation
Article 20 – paragraph 1
Article 20 – paragraph 1
1. In order to increase the impact of public investment and potential EISFPS support, Member States shall take the necessary actions to achieve and maintain public investment management systems and practices of high quality.