14 Amendments of Burkhard BALZ related to 2014/2248(INI)
Amendment 490 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Considers that neither the Stability and Growth Pact norand the ‘no bail-out’ clause (Article 125 TFEU) provide the intended solutions, and that they have furthermore lost credibility in their current form, asa strong framework for economic governance, but is greatly concerned that the pPact has been infringed by several Member States without political or legal consequences, while Greece has been bailed out on a large scale on three occasionand that excessive sovereign debt levels have made macroeconomic adjustment programs necessary in several Member States;
Amendment 500 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Acknowledges the improvements brought by the European Semester, the six- pack and the two-pack aimed at addressing these issues, but concludes that they have not solved the problems; believes, moreover, that they have contributed to making the system overly complex, are not binding with regard to country-specific recommendations and do not cover spill- over effects between one Member State and another, or to the euro area or the EU as a wholeand believes that the legislation needs to be applied and enforced more consistently and that country-specific recommendations should have a binding effect;
Amendment 517 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Is acutely aware of the need to review the efficacy of the many recent crisis- management measures taken by the EU, and considers to codify in primary law certain decision-making procedures – such as ‘reverse qualified majority voting’ – as well as the need to entrench the legal bases of the new regulatory framework for the financial sector; agrees with the Five Presidents’ Report that the ‘open method of coordination’ as the basis for Europe’s economic strategy does not function and needs to be elevated into binding legal acts; highlights that Europe’s economic strategy needs to be better coordinated;
Amendment 536 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Proposes therefore merging the deficit and debt procedures, the macroeconomic imbalance procedure and the country-specific recommendations into a single ‘convergence code’ of a legally binding nature, setting minimum and maximum standardsa ‘convergence code’ with the aim to strengthen the competitiveness of the Member States and the EU, where only compliance with this code would allow access to EU funds for investment projects or participation in new instruments that combine economic reform with fiscal incentives such as a fiscal capacity for the euro area or a common debt instrument; the coordination of economic policies as provided for in Article 5 TFEU would therefore become a ‘shared competence’ between the Union and the Member Statesthe Structural Reform Support Programme;
Amendment 551 #
Motion for a resolution
Paragraph 18
Paragraph 18
Amendment 572 #
Motion for a resolution
Paragraph 19
Paragraph 19
Amendment 588 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls for the integration of the Fiscal Compact into the EU legal framework as well asnd notes that the incorporation of the ESM and the Single Resolution Fund into EU law, wiinto EU law would not be possible without a fundamental departure from the courresponding democratntly underlying principles of economic goversight by Parliamentnance;
Amendment 599 #
Motion for a resolution
Paragraph 21
Paragraph 21
Amendment 624 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Points out that, because compliance with the neweconomic governance code is crucial to the functioning of the Economic and Monetary Union, stronger governmental institutionscommitment and more independent enforcement are required than those currently provided by the Commission and/or the Eurogroup;
Amendment 633 #
Motion for a resolution
Paragraph 23
Paragraph 23
Amendment 652 #
Motion for a resolution
Paragraph 24
Paragraph 24
Amendment 666 #
Motion for a resolution
Paragraph 25
Paragraph 25
Amendment 687 #
Motion for a resolution
Paragraph 26
Paragraph 26
Amendment 699 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Calls, finally, for the banking union to be completed as soon as possible on the basis of a fast-track timetablestep-by-step, and highlights that priority should at first be given to ensuring the full implementation and application of the existing banking union legislation and, thus, to the avoidance of moral hazard;