Activities of Burkhard BALZ related to 2010/2078(INI)
Plenary speeches (2)
ECB annual report for 2009 - Latest developments on international currency exchange rates (debate)
ECB annual report for 2009 - Latest developments on international currency exchange rates (debate)
Reports (1)
REPORT Report on the ECB annual report 2009 PDF (186 KB) DOC (103 KB)
Amendments (6)
Amendment 1 #
Motion for a resolution
Recital A
Recital A
A. whereas overall real GDP in the euro area shrank by 4.01% in 2009 after the financial turmoil deepened following the collapse of Lehman Brothers,
Amendment 3 #
Motion for a resolution
Recital D
Recital D
D. whereas the exchange rate for the euro against the USD fell from 1.39 USD ion 2 January 2009 to 1.26 USD in mid-March 2009, recovered to a peak at USD 1.51 in early December 2009 and has continued to fall ever since to an interimdepreciated in 2010 to reach a minimum of 1.2019 USD inon 2 June 2010,
Amendment 12 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Favours the adoption of the euro by Estonia on 1 January 2011;
Amendment 23 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Condemns the fact that the principles of the Stability and Growth Pact were not always fully respected in the past; calls for unrestricted application of the Stability and Growth Pact, especially of its until now little distinctive preventive arm; calls for the development of an early warning system to identify possible deficits, e.g. in the form of a 'European semester';
Amendment 85 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Acknowledges that the strength of the euro was partly due to weak economic activity in the US, where the current account deficit narrowed sharply to about 2.9below 3% of GDP in 2009 and the federal budget deficit widened to about 10% of GDP in the fiscal year 2009; shares concerns about the expansion of the volume of money in the US;
Amendment 89 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Points out that compliance with the Maastricht criteria is regarded as a precondition for euro membership; welcomes the quick adoption of the euro by all Member States which comply with these criteria;