14 Amendments of Diogo FEIO related to 2011/0386(COD)
Amendment 69 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
(5a) The aim of this Regulation is to put in place further European mechanisms for the coordination and surveillance of Member States budgetary and economic policies. Nevertheless, prudence should be shown in all steps of the way, and for this reason, no matters related to the Member States debt issuance plans, the renewal of outstanding debt and other relevant operations should be made public, and they should be used for internal coordination only. This arises from the potential risk that a Member State may be subject to by making its financial needs known in advance to the financial markets.
Amendment 70 #
Proposal for a regulation
Recital 5 b (new)
Recital 5 b (new)
(5b) Furthermore, the Commission should put forward a report, and if necessary a proposal, to the European Parliament and to the Council, evaluating the possibility of the creation of a European debt authority that would be responsible for managing and coordinating all issues related with the annual debt issuance plan of the Member States, the renewal of outstanding debt, and the assessment of the sustainability of all Member States governments debt. Moreover, that authority should periodically publish data related to Member States public debt, deficit and other macroeconomic indicators.
Amendment 74 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) The common budgetary plan timeline must be, at its most, coherent with the Member States budgetary timeframe. If not a Commission opinion regarding the draft budgetary plans has the potential risk of lacking democratic legitimacy in the national parliaments.
Amendment 98 #
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) In the context of better coordination and ex ante discussion among Member States of any major economic and fiscal policy reform plans with potential spill- over effects, the Commission should put forward a report, and if necessary a proposal, to the European Parliament and the to Council, with a detailed plan of how will such coordination operate, in what format will the discussions take place, which are the policies contemplated, and what will be the political consequences to the Member States and national parliaments of decisions that may come out of such coordination and ex ante discussion; such Commission opinion shall, at least, incorporate this coordination with the European Semester framework.
Amendment 99 #
Proposal for a regulation
Recital 10 b (new)
Recital 10 b (new)
(10b) Furthermore, strengthening economic governance should include a closer and more timely involvement of the European Parliament and the national parliaments. While recognising that the counterparts of the European Parliament in the framework of the dialogue are the relevant institutions of the Union and their representatives, the competent committee of the European Parliament may offer an opportunity to participate in an exchange of views to a Member State which is the subject of a Council decision imposing an interest-bearing deposit or an annual fine in accordance with this Regulation. The Member State's participation in such an exchange of views is voluntary.
Amendment 115 #
Proposal for a regulation
Recital 13 a (new)
Recital 13 a (new)
(13a) This Regulation will be followed by a proposal from the Commission to set in place a European redemption fund such as that proposed by the German council of economic experts or other proposals that follow the same line as well as a roadmap to joint management of sovereign debt issuance.
Amendment 171 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. Member States shall submit annually to the Commission and the Eurogroup a draft budgetary plan for the forthcoming year no later than 15 October.
Amendment 173 #
Proposal for a regulation
Article 5 – paragraph 1 a (new)
Article 5 – paragraph 1 a (new)
1a. The draft budgetary plan guidelines, to be adopted by delegated act, shall not create an excessive extra burden to Member States governments; their content and rules shall be designed in a simple and easy way to comply with.
Amendment 191 #
Proposal for a regulation
Article 5 – paragraph 3 – subparagraph 1 a (new)
Article 5 – paragraph 3 – subparagraph 1 a (new)
All related issues with the annual debt issuance plan of the Member States, such as financial needs, renewal of outstanding debt or others, shall not be made public and be used only for coordination within the euro area.
Amendment 214 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
1. The Commission shall, if necessary, adopt an opinion on the draft budgetary plan by 30no later than 15 November.
Amendment 274 #
Proposal for a regulation
Article -11 (new)
Article -11 (new)
Article -11 Economic Dialogue In order to enhance the dialogue between the Union institutions, in particular the European Parliament, the Council and the Commission, and to ensure greater transparency and accountability, the competent committee of the European Parliament may invite the President of the Council, the Commission and, where appropriate, the President of the European Council or the President of the Eurogroup to appear before the committee to discuss decisions taken pursuant to Article 5(5), Article 6(4), Article 7(5), Article 8(4) and Article 9(3). The competent committee of the European Parliament may offer the opportunity to the Member State concerned by such decisions to participate in an exchange of views.
Amendment 283 #
Proposal for a regulation
Article 11 a (new)
Article 11 a (new)
Article 11a Commission report Three months upon entry into force of this Regulation, the Commission shall put forward a report, and if necessary a proposal, to the European Parliament and to the Council, with a detailed plan of how coordination and ex ante discussion among Member States of any major economic and fiscal policy reform plans with potential spill-over effects operate, in what format will the discussions take place, which are the policies contemplated, and what will be the political consequences to the Member States and national parliaments of decisions that may come out of such coordination and ex ante discussion.
Amendment 284 #
Proposal for a regulation
Article 11 b (new)
Article 11 b (new)
Amendment 285 #
Proposal for a regulation
Article 11 c (new)
Article 11 c (new)
Article 11 c European debt authority By ...*, the Commission shall put forward a report, and if necessary a proposal, to the European Parliament and to the Council, evaluating the possibility of the creation of a European debt authority, which would be responsible to manage and coordinate all issues related with the annual debt issuance plan of the Member States, the renewal of their outstanding debt and the assessment of the sustainability of all Member States governments debt, as well as a annual publication of data related to Member States public debt, deficit and other macroeconomic indicators. ____________ * OJ please insert date: three months after entry into force of this Regulation.