BETA

20 Amendments of Diogo FEIO related to 2010/2099(INI)

Amendment 3 #
Motion for a resolution
Citation 33 a (new)
having regard of the Commission Communication of 30 June on Enhancing economic policy coordination for stability, growth and jobs – Tools for stronger EU economic governance COM(2010) 367/2,
2010/09/10
Committee: ECON
Amendment 6 #
Motion for a resolution
Citation 33 b (new)
having regard to the Council (ECOFIN) conclusions of 7 September 2010 approving a stronger monitoring of economic and budgetary policies (the European Semester),
2010/09/10
Committee: ECON
Amendment 9 #
Motion for a resolution
Recital A a (new)
A a. whereas both the current framework for economic governance and surveillance and the regulatory framework for financial services have not provided enough stability and growth,
2010/09/10
Committee: ECON
Amendment 15 #
Motion for a resolution
Recital B a (new)
B a. whereas the Treaty of Lisbon transforms the former 'Community method', adapting and strengthening it, into a 'Union method' in which, in essence: – the European Council defines the general political directions and priorities, – the Commission promotes the general interest of the Union and takes appropriate initiatives to that end, – the European Parliament and the Council jointly exercise legislative and budgetary functions on the basis of the Commission's proposals,
2010/09/10
Committee: ECON
Amendment 18 #
Motion for a resolution
Recital C a (new)
C a. whereas a fully independent Central Bank is a necessary requirement for a stable euro, low inflation and favourable financing conditions for growth and jobs,
2010/09/10
Committee: ECON
Amendment 19 #
Motion for a resolution
Recital C b (new)
C b. whereas more attention must be given to implicit liabilities and off-balance sheet operations which may increase public debt in the medium and long term and reduce transparency,
2010/09/10
Committee: ECON
Amendment 20 #
Motion for a resolution
Recital C c (new)
C c. whereas policy makers have to identify and tackle the common economic and social challenges the EU economies are facing in a coordinated manner,
2010/09/10
Committee: ECON
Amendment 22 #
Motion for a resolution
Recital C d (new)
C d. whereas a permanent crises resolution mechanism, including procedures for debt restructuring or orderly default, should be established in order to safeguard financial stability in the event of a sovereign and private debt crisis, while protecting the ECB’s independence,
2010/09/10
Committee: ECON
Amendment 37 #
Motion for a resolution
Recital E a (new)
E a. whereas fiscal policy of many Member States has often been pro-cyclical and country-specific medium-term budgetary objectives of the Stability and Growth Pact (SGP) have seldom been strictly enforced nor implemented,
2010/09/10
Committee: ECON
Amendment 53 #
Motion for a resolution
Recital G a (new)
G a. whereas the European Parliament has for years urged improvements in economic governance both inside the union and as regards EU external representation in international economic and monetary forums,
2010/09/10
Committee: ECON
Amendment 55 #
Motion for a resolution
Recital H a (new)
H a. whereas the decisions taken during Spring 2010 to safeguard the stability of the euro are only temporary solutions and will need to be supported by policy measures at national level and a stronger economic governance framework at the EU level, particularly among the euro area Member States,
2010/09/10
Committee: ECON
Amendment 93 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 3
Following in-depth joint and bilateral surveillance based on the scoreboard referred to above in accordance with the Integrated Guidelines,In-depth country specific surveillance should take place, if revealed necessary by the scoreboard referred to above and the concerned Member States should decide on national policies intaking into a ccoordinated manner taking into accountunt Commission recommendations and the Union dimension of their nationalsuch policies,
2010/09/10
Committee: ECON
Amendment 104 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 4 a (new)
– Establish a mechanism at the national level to assess the implementation of the Europe 2020 priorities in the National Reform Programme and how to achieve the relevant national targets in this respect in order to support the yearly evaluation by the EU institutions,
2010/09/10
Committee: ECON
Amendment 108 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 6
– Establish a "Union semester" for a first comparison and assessment of draft budgets of Member States (main elements and assumptions) in order to better evaluate the implementation and future execution of the Stability and Convergence Programmes (SCPs) and the National Reform Programmes (NRPs), taking due account of the national annual budget procedures and multi-annual budgetary frameworks: Member States shall submit their SCPs and NRPs to the Commission in April, after due involvement of national parliaments and taking into account EU level rules and conclusions; the European Parliament may on its part establish a systematic way to support a public debate and increase awareness, visibility and accountability of these procedures and how the EU institutions have implanted the agreed rules,
2010/09/10
Committee: ECON
Amendment 138 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 1
– Launch 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 (including "sustainability stress-tests"), 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/EDSP would be on "stand-still" as long as the country fulfils its MTFO and would be abrogated once the debt level is below 60 %; consolidated efforts should be proportional to the underlying fiscal position and should privilege expenditure restraints.
2010/09/10
Committee: ECON
Amendment 145 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 3
– Establish a clear harmonised framework to measure and monitor debt dynamics, including implicit and contingent liabilities, such as public guarantees in public-private-partnership investments, and the costs such type of investments bring to the country budget throughout the years,
2010/09/10
Committee: ECON
Amendment 156 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 5
– Establish minimum rules and guidelines for national budgetary procedures (i.e. annual and multiannual financial frameworks) and institutions in order to implement the obligation in Article 3 of the Protocol (No 12) on Excessive Deficit Procedure. Those national frameworks should include sufficient information on both the expenditure and revenue sides of the planned budgetary actions in order to enable sensible discussion and scrutiny of the budgetary plans at both the national and Union level,
2010/09/10
Committee: ECON
Amendment 198 #
Motion for a resolution
Annex 1 – heading 4 – introductory part
Recommendation 4 : Establish a robust and credible excessive debt prevention and resolution mechanism for the euro area. An impact assessment and feasibility study should be undertaken before any legislative act (based Article 352 TFEU or any other appropriate legal base) aiming to:
2010/09/10
Committee: ECON
Amendment 236 #
Motion for a resolution
Annex 1 – heading 6 – paragraph 1 – introductory part
The legislative act to be adopted should aim to: - ensure that any legislative initiatives regarding financial services are in line with the macro-economic policies in order to guaratee the necessary transparency and market stability, and consequently to boost confidence in the markets and economic development,
2010/09/10
Committee: ECON
Amendment 237 #
Motion for a resolution
Annex 1 – heading 6 – paragraph 1 – indent 1
– Assess the possible revision of the capital requirements for credit institutions in order better to differentiate between capital ratios applied to sovereign debt issues by a Member State.deleted
2010/09/10
Committee: ECON