BETA

11 Amendments of Liem HOANG NGOC related to 2011/0386(COD)

Amendment 47 #
Proposal for a regulation
The European Parliament rejects the Commission proposal.
2012/03/13
Committee: ECON
Amendment 54 #
Proposal for a regulation
Recital 3
(3) The amendments to the Stability and Growth Pact increase both the guidance, and, for the Member States whose currency is the euro, incentives for the setting and the implementation of a prudent budgetary policy, while avoiding excessive government deficits. These provisions have created a more robust framework at the level of the Union for the surveillance of national economic policies.deleted
2012/03/13
Committee: ECON
Amendment 63 #
Proposal for a regulation
Recital 4 a (new)
(4a.) Since it has a poor theoretical basis and its use would lead to unreliable empirical results, the ‘structural deficit’ as a concept could not serve as a frame for Member States’ economic and budgetary policies.
2012/03/13
Committee: ECON
Amendment 66 #
Proposal for a regulation
Recital 5
(5) Strong public finances and coordinated economic policies are best ensured at the planning stage and gross errors should be identified as early as possible. Member States should benefit not just from the setting of guiding principles and budgetary targets but also from a synchronised monitoring of their budgetary and macroeconomic policies.
2012/03/13
Committee: ECON
Amendment 76 #
Proposal for a regulation
Recital 7
(7) There is strong evidence showing the effectiveness of rules-based fiscal frameworks in supporting sound and sustainable fiscal policies. The introduction of national fiscal rules that are consistent with the budgetary objectives set at Union level should be a crucial element to ensure the respect of the Stability and Growth Pact provisions. In particular, Member States should put in place structural balanced budget rules which transpose into national legislation the main principles of the Union fiscal framework. This transposition should be effective through binding rules preferably of a constitutional nature so as to demonstrate the strongest commitment of national authorities in relation to the Stability and Growth Pact.deleted
2012/03/13
Committee: ECON
Amendment 87 #
Proposal for a regulation
Recital 8 a (new)
(8a) The Commission should set indicative lower and upper thresholds that are symmetric by drafting the alert mechanism report, in particular with respect to current account balances.
2012/03/13
Committee: ECON
Amendment 143 #
Proposal for a regulation
Article 4
Article 4 Rules on the budgetary balance and independent national fiscal council 1. Member States shall have in place numerical fiscal rules on the budget balance that implement in the national budgetary processes their medium-term budgetary objective as defined in Article 2a of Regulation (EC) No 1466/97. Such rules shall cover the general government as a whole and be of binding, preferably constitutional, nature. 2. Member States shall have in place an independent fiscal council for monitoring the implementation of national fiscal rules as referred to in paragraph 1.deleted
2012/03/13
Committee: ECON
Amendment 177 #
Proposal for a regulation
Article 5 – paragraph 3 – point c
(c) the targeted expenditure and revenue as a percentage of GDP for the general government and their main components, taking into account the conditions and criteria to establish the growth path of government expenditure net of discretionary revenue measures under Article 5(1) of Regulation (EC) No 1466/97; A deviation from the adjustment path towards the medium-term budgetary objective shall be considered significant if the following conditions occur: an excess over the expenditure growth net of public investment consistent with the medium term budgetary objective, not offset by discretionary revenue-increasing measures; or discretionary revenue- decreasing measures not offset by reductions in expenditure;
2012/03/13
Committee: ECON
Amendment 233 #
Proposal for a regulation
Article 6 a (new)
Article 6a Coordination of sovereign debt issuance 1. With a view to better coordinating the planning and placement of their national debt issuance, the Member States shall report ex ante on their public debt issuance plans to the European Commission and to the Council. 2. Several or all Member States may seek to improve the financing conditions of their national debt by agreeing, following a proposal by the Commission, an annual coordinated national debts issuance schedule. 3. Member States co-operating under paragraph 2 may further improve and stabilise their financing conditions by offering a coordinated interest rate on their national debt, on the basis of the country's economic fundamentals and the market conditions and following a methodology established by a regulation of the European Parliament and the Council. That regulation will also define the conditions for the buying by the ESM of any residual unsold amount from coordinated national debts issuances.
2012/03/13
Committee: ECON
Amendment 267 #
Proposal for a regulation
Article 9 – paragraph 1 – subparagraph 1 a (new)
A Member State facing a situation of economic downturn such as the contraction of its GDP and/or a significant increase of its unemployment rate shall benefit from a suspension of its excessive deficit procedure.
2012/03/13
Committee: ECON
Amendment 287 #
Proposal for a regulation
Article 12 – paragraph 3
3. Member States shall comply with Article 4 at the latest by [6 months after adoption of this Regulation].deleted
2012/03/13
Committee: ECON