11 Amendments of Liem HOANG NGOC related to 2011/0386(COD)
Amendment 47 #
Proposal for a regulation
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The European Parliament rejects the Commission proposal.
Amendment 54 #
Proposal for a regulation
Recital 3
Recital 3
Amendment 63 #
Proposal for a regulation
Recital 4 a (new)
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.
Amendment 66 #
Proposal for a regulation
Recital 5
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.
Amendment 76 #
Proposal for a regulation
Recital 7
Recital 7
Amendment 87 #
Proposal for a regulation
Recital 8 a (new)
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.
Amendment 143 #
Proposal for a regulation
Article 4
Article 4
Amendment 177 #
Proposal for a regulation
Article 5 – paragraph 3 – point c
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;
Amendment 233 #
Proposal for a regulation
Article 6 a (new)
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.
Amendment 267 #
Proposal for a regulation
Article 9 – paragraph 1 – subparagraph 1 a (new)
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.
Amendment 287 #
Proposal for a regulation
Article 12 – paragraph 3
Article 12 – paragraph 3