11 Amendments of António Fernando CORREIA DE CAMPOS related to 2010/2099(INI)
Amendment 2 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. whereas any eventual penalties associated with breaching of Stability and Growth Pact (SGP) targets must result from either insufficient will to comply or fraud and never from incapacity to comply due to reasons beyond the Member State’s capacity,
Amendment 3 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. whereas the SGP’s targets must be compatible not only with the Europe 2020 strategy, but also with other compromises concerning expenditure on research and development, environment, education, poverty eradication and development aid,
Amendment 10 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Development by the Commission of the adequate analytical tools and expertise to investigate in-depth the reasons behind the persistent divergent trends within the euro area, including the impact of common policies on the differentiated economic systems within it (Recommendation 1 – indent 3a (new)),
Amendment 12 #
Draft opinion
Paragraph 8
Paragraph 8
8. Establish a Union Semester for dealing with the Integrated Guidelines at national and Union-level, providing room for an enlarged debate on financial issues and on the economic situation of the EU including consultation with the Union-level social partners, strengthening the macroeconomic social dialogue, which would enable a real and timely contribution by all parties concerned (Recommendation 1, Indent 7),
Amendment 13 #
Draft opinion
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Introduce a stronger assessment of the Stability and Convergence Programmes (SCPs), from the point of view of their interconnections with other Member States targets and those of the Union before adoption of the policies envisaged in the SCPs at national level (Recommendation 1 – Indent 11),
Amendment 17 #
Draft opinion
Paragraph 8 d (new)
Paragraph 8 d (new)
8d. Establish a requirement for Member States to provide additional information, if a substantial concern arises that the policies conducted may jeopardise the proper functioning of the internal market, the Economic and Monetary Union (EMU) or endanger the targets set by the Union, namely in the Europe 2020 strategy (Recommendation 1 – Indent 17),
Amendment 19 #
Draft opinion
Paragraph 9
Paragraph 9
9. Not to make the following recommendation: launchClarify and increase the transparency of the Excessive Deficit Procedure (EDP)/Excessive Debt Surveillance Procedure (EDSP) on the basis of gross debt levels. The EDF/EDSP including detailed regular reports on the debt dynamics and development, would be triggered for all Member States in which government debt level exceeds the 60% threshold and is not diminishing at satisfactory pace. The EDP would be on stand-still as long as the country fulfils its MTFO and would be abrogated once the debt level is below 60. (deletion of Recommendation 2, Indent 1), reinforcing the importance attributed to debt and to the interconnection between debt and deficit as well as to their dynamic evolution,
Amendment 21 #
Draft opinion
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Establish a country-specific differentiated time frame for the process of fiscal consolidation that will occur no later than 2015, with a view to realigning all public deficit levels with the requirements set out in the SGP (Recommendation 2 – indent 3a (new)),
Amendment 23 #
Draft opinion
Paragraph 9 b (new)
Paragraph 9 b (new)
9b. Establish a monitoring and other deterrent mechanisms including public warnings for Member States that have not reached their MTFO or are not approaching it at the agreed pace (Recommendation 2 – Indent 4),
Amendment 32 #
Draft opinion
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Establish, within one year, a permanent European Monetary Fund as a last resort borrowing and lending mechanism based on existing experiences (the European Financial Stability Facility, the European Financial Stabilisation Mechanism and the European balance of payments instrument) with clear rules on the decision-making procedure, funding, conditionality for loans and monitoring) (Recommendation – 4, Indent 1),
Amendment 37 #
Draft opinion
Paragraph 16
Paragraph 16
16. Reinforce and update, namely bearing in mind the Europe 2020 targets, the Union cohesion policy in close cooperation with the European Investment Bank (EIB) in order to reduce structural weaknesses and increase the competitiveness of weaker economic and outermost regions (Recommendation 5, Indent 2), , in particularly by facilitating the financing needs of SMEs and their successful participation in the internal market,