[ParlTrack]

Proposal for a regulation
Article 3 – paragraph 2

2. The scoreboard ~~shall be~~, made up of an array of macroeconomic and macrofinancial indicators for Member States shall allow for comparisons between Member States and reflect short-term, structural and medium-long term trends. 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 States.

2011/02/16
Committee: ECON

Kay SWINBURNE

Proposal for a regulation
Article 3 – paragraph 3

3. TWhe ~~list of indicators to be included on the scoreboard and the thresholds for the indicators shall be made public~~re appropriate, the same thresholds shall be applicable to Member States whose currency is the euro and to Member States whose currency is not the euro.

2011/02/16
Committee: ECON

Kay SWINBURNE

Proposal for a regulation
Article 3 – paragraph 3 a (new)

3a. The Commission shall adopt, by means of delegated acts in accordance with Article -12a, and subject to the conditions of Articles -12b and -12c, measures setting the list of relevant indicators to be included in the scoreboard. the list of indicators shall include the following sets of indicators: (a) internal imbalances, including public and private debt and its evolution; unemployment rates; and asset price developments with particular attention to real estate, and financial markets; (b)external imbalances, including current account composition, balance and evolution; the evolution of export market shares in the Union and third-country markets; and net foreign assets positions; (c) Internal market developments, including a rolling average of five-year comparative real growth; an indicator of growth and employment dynamics; public and private research and development investment; and foreign direct investment flows.

2011/02/16
Committee: ECON

Kay SWINBURNE

Proposal for a regulation
Article -12 (new)

Article -12 Dialogue and Surveillance Visits 1. The Commission shall ensure a permanent dialogue with the authorities of the Member States in accordance with the objectives of this Regulation. To that end, the commission may carry out, in all Member states, visits for the purpose of regular dialogue and, where appropriate, surveillance. 2. When organising dialogue or surveillance visits, the Commission shall transmit its provisional findings to the Member States concerned for comments. 3. The Commission may, in the context of dialogue visits, review the actual economic situation in the Member State and identify the risks or potential difficulties in complying with the objectives of this Regulation. 4. The Commission shall, in the context of surveillance visits, monitor the processes and verify that measures have been taken in accordance with decisions of the Council or the Commission in accordance with the objectives of this Regulation. Surveillance visits shall be considered wherever recommendations have been issued. The Commission may invite representatives from the European Central bank or other relevant institutions to take part in surveillance visits within the euro zone. 5. The Commission shall regularly inform the Economic and Financial Committee of the findings of the dialogue and surveillance visits. 6. Member States shall take all necessary measures to facilitate dialogue and surveillance visits. Member States shall provide, at the request of the Commission, on a voluntary basis, the assistance of all relevant national authorities for the preparation for and conduct of dialogue and surveillance visits.

2011/02/16
Committee: ECON

4 Amendments of Kay SWINBURNE related to 2010/0281(COD)

ParlTrack - 2011-2024