9 Amendments of Burkhard BALZ related to 2010/0281(COD)
Amendment 82 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) Regulation EC No. XX/2011 does not address the current situation in the short- term but rather in a structural approach for the medium- to long-term.
Amendment 83 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) The framework for preventing and correcting macroeconomic imbalances 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 neither provide for exemptions to the provisions of this Regulation nor for exemptions to the Stability and Growth Pact.
Amendment 130 #
Proposal for a regulation
Recital 11
Recital 11
(11) When assessing imbalances, account should be taken of their severity, of the degree to which they may be considered unsustainable and of the potential negative economic and financial spillovers to other Member States. Particular attention should be paid to Member States with large current-account deficits and low competitiveness. The economic adjustment capacity and the track record of the Member State concerned as regards compliance with earlier recommendations issued under this Regulation and other recommendations issued under Article 121 of the Treaty as part of multilateral surveillance, in particular the broad guidelines for the economic policies of the Member States and of the Union, should also be considered.
Amendment 160 #
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15a) The envisaged measures for the prevention and correction of macroeconomic imbalances should not lead to a centrally planned economy for the Member States of the European Economic and Monetary Union
Amendment 215 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The scoreboard shall be made up of an array of macroeconomic and macrofinancial indicators for Member States. The Commission may set indicative lower or upper thresholds for these indicators to serve as alert levels. The thresholds applicable to Member States whose currency is the euro may be different from those applicable to the other Member Stateshould be set in a non- symmetric way in order to reflect the range of competitiveness levels between Member States and the scope of available monetary policy tools.
Amendment 314 #
Proposal for a regulation
Article 7 – paragraph 2
Article 7 – paragraph 2
2. The Council, on a recommendation from the Commission, may adopt a recommendations in accordance with Article 121(4) of the Treaty to the Council declaring the existence of an excessive imbalance and recommending the Member State concerned to take corrective action. The recommendation by the Commission shall be deemed adopted by the Council unless it decides, by qualified majority to reject the recommendation within ten days of the adoption of the recommendation by the Commission. Those recommendations shall set out the nature of the imbalances and specify the corrective action to be taken in detail and the deadline within which the Member State concerned must take such corrective action. The Council may, as provided for in Article 121(4) of the Treaty, make its recommendations public.
Amendment 338 #
Proposal for a regulation
Article 8 – paragraph 2
Article 8 – paragraph 2
2. Within twoone months after submission of a corrective action plan and on the basis of a Commission report, the Councilmmission shall assess the corrective action plan. If considered sufficient, on the basis of a Commission proposal, the Council shall adopt an opinion, endorsing it. If the actions taken or envisaged in the corrective action plan or their timetable for implementation are considered insufficient to implement the recommendations, the Council shall, on the basis of a Commission proposal, invite the Member State to amend its corrective action plan within a new deadline. The amended corrective action plan shall be examined according to the procedure laid down in this paragraph.
Amendment 346 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. The Commission shall monitor implementation of the recommended corrective action and of the corrective action plan by the Member State concerned. For this purpose, the Member State shall report to the Councilmmission and the Commissionuncil at regular intervals in the form of progress reports whose frequency shall be established by the Council, following a recommendation of the Commission, in the recommendation referred to in Article 7(2).
Amendment 372 #
Proposal for a regulation
Article 10 – paragraph 4
Article 10 – paragraph 4