14 Amendments of Derk Jan EPPINK related to 2010/0279(COD)
Amendment 43 #
Proposal for a regulation
Recital 1 c (new)
Recital 1 c (new)
(1c) The European semester for economic policy coordination should play a vital role in implementing the requirement under Article 121(1) TFEU that Member States regard their economic policies as a matter of common concern, and should therefore coordinate them in the interest of greater stability and predictability in the Union as a whole; transparency and independent oversight are essential building blocks of an improved economic governance framework; in this respect, it is necessary that the Council and the Commission involve the European Parliament at the appropriate stages of the economic policy coordination procedures.
Amendment 54 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1a) The improved economic governance framework to be put in place in the euro area should include an effective framework for preventing and correcting excessive budgetary positions (the revised Stability and Growth Pact), a robust framework for preventing and correcting macro-economic imbalances, an enhanced financial market regulation and supervision (including macro-prudential supervision by the European Systemic Risk Board) and a credible permanent crisis resolution mechanism.
Amendment 55 #
Proposal for a regulation
Recital 1 b (new)
Recital 1 b (new)
(1b) The improved economic governance framework should also rely on a set of interlinked policies for sustainable growth and jobs, which need to be coherent and mutually reinforcing; to strengthen the Single Market, in particular, Member States should closely cooperate with the Commission to remove persistent obstacles to the free movement of workers, goods, capital and services as part of a comprehensive strategy for growth and jobs.
Amendment 58 #
Proposal for a regulation
Recital 1 d (new)
Recital 1 d (new)
(1d) A comprehensive system of incentives and fines is necessary to strengthen the enforcement measures to correct excessive macroeconomic imbalances in the euro area. Fines should enhance the credibility of the fiscal surveillance framework of the Union, while incentives should motivate Member States prompt compliance in view of getting back the money they had to pay in fines in the first instance.
Amendment 59 #
Proposal for a regulation
Recital 1 e (new)
Recital 1 e (new)
(1e) The Commission should play a stronger coordination role in the enhanced surveillance procedures, mainly as regards Member-State-specific assessments, monitoring, missions in situ, recommendations and early warnings.
Amendment 91 #
Proposal for a regulation
Recital 6
Recital 6
(6) Enforcement of Regulation (EU) No […/…]4 should be strengthened by establishing a comprehensive system of incentives and fines for Member States whose currency is the euro in case of repetitive non-compliance with the recommendations to address excessive macroeconomic imbalances.
Amendment 96 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) Revenues from fines should be credited to an escrow account set up for the given noncompliant Member State, to which the account balance will be given back as soon as Council acting on a proposal by the Commission decides that the needed corrections have been made.
Amendment 133 #
Proposal for a regulation
Recital 12
Recital 12
Amendment 152 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Regulation sets out a system ofcomprehensive system of incentives and fines for effective correction of macroeconomic imbalances in the euro area.
Amendment 164 #
Proposal for a regulation
Article 3 – title
Article 3 – title
Incentives and Fines
Amendment 205 #
Proposal for a regulation
Article 3 – paragraph 3
Article 3 – paragraph 3
3. By derogation from paragraph 2, the Commission may, on grounds of exceptional economic circumstances or following a reasoned request by the Member State concerned addressed to the Commission, or in order to take into account any cumulative effect of sanctions imposed in accordance with Regulation (EU) No.../2011 on speeding up and clarifying the implementation of the excessive deficit procedure and Regulation (EU) No .../2011 on the effective enforcement of the budgetary surveillance in the euro area within ten days of adoption of the Council concludecisions referred to in paragraph 1, propose to reduce the amount of the fine or to cancel it.
Amendment 228 #
Proposal for a regulation
Article 4 – title
Article 4 – title
Amendment 231 #
Proposal for a regulation
Article 4
Article 4
Amendment 240 #
Proposal for a regulation
Article 4 – paragraph 1 a (new)
Article 4 – paragraph 1 a (new)
Revenues from those fines should be credited to an escrow account set up for the given noncompliant Member State, to which the account balance will be given back as soon as Council acting on a proposal by the Commission decides that the needed corrections have been made;