3 Amendments of Burkhard BALZ related to 2010/0278(COD)
Amendment 70 #
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2a) The Stability and Growth Pact and the complete economic governance framework should complement and be compatible with a Union strategy for growth and jobs which aims at boosting the Union's competitiveness and social stability. However, these interlinkages should not provide for exemptions to the provisions of the Stability and Growth Pact.
Amendment 166 #
Proposal for a regulation
Recital 12
Recital 12
(12) The non-interest-bearing deposit should be released upon correction of the excessive deficit while the interest on such deposits and the fines collected should be distributed among Member States whose currency is the euro which do not have an excessive deficit and which are not the subject of an excessive imbalance procedure eitherallocated to the stability mechanism announced in a Council Decision on 16 December 2010. Until the establishment of this mechanism the interest and the fines should be credited to the European Financial Stability Facility.
Amendment 293 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
The interest earned by the Commission on deposits lodged in accordance with Article 4 and the fines collected in accordance with Article 5 shall constitute other revenue referred to in Article 311 of the Treaty, and shall be distributed, in proportion to their share in the gross national income of the eligible Member States, among Member States whose currency is the euro which do not have an excessive deficit as determined in accordance with Article 126(6) of the Treaty and which are not the subject of an excessive imbalance procedure within the meaning of Regulation (EU) No […/…]be allocated to the stability mechanism for Member States whose currency is the euro. Until the establishment of this mechanism the interest and the fines shall be credited to the European Financial Stability Facility.