Activities of Sylvie GOULARD related to 2012/2028(INI)
Plenary speeches (2)
Feasibility of introducing stability bonds (debate)
Feasibility of introducing stability bonds (debate)
Reports (1)
REPORT on the feasibility of introducing Stability Bonds PDF (248 KB) DOC (155 KB)
Amendments (5)
Amendment 91 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. underlines that the current situation has induced, in the short run, a "flight to quality" (quest for the safest assets, even with very low returns) which at the same time results in funding challenges for banks and other financial institutions;
Amendment 92 #
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. is concerned about the link between banks and the holding of respective government bonds creating a perverse feedback effect when pressure on sovereign debt turns into pressure on banks; recalls that diversification of assets and liabilities is a tool to ensure stability and one of the neglected advantages resulting from the internal market;
Amendment 172 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. welcomes the principles of the decision taken by the Eurogroup Summit of June 29 to ensure the stability of the euro "in particular by using the existing EFSF/ESM instruments in a flexible and efficient manner in order to stabilise markets for Member States respecting their Country Specific Recommendations and their other commitments including their respective timelines, under the European Semester, the Stability and Growth Pact and the Macroeconomic Imbalances Procedure"; acknowledges that the conditions will be set in a memorandum of understandings and that the ECB will "serve as an agent to EFSF/ESM in conducting market operations in an effective and efficient manner";
Amendment 184 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Believes that, in parallel, there is an urgent need to recapitalise the European banking sector and to further complete financial integration in the EU; calls on the Commission to put forward proposals for a single financial supervisory authority to oversee systemic financial institutions, a banking resolution regime including a recapitalisation fund and an EU-wide deposit guarantee scheme in the same spirit as the Van Rompuy report "Towards a genuine economic and Monetary Union" and the conclusions of the European Council and the Declaration of the Euro Area Summit of June 29;
Amendment 214 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Calls on the Commission, in cooperation, where appropriate, with the ECB and the EBA, and in consultation with the Council and the European Parliament, to carefully assess all the technicalities linked to any scheme such as guarantees, tranching and pooling structures, potential collaterals, the balance between rule based and market based fiscal discipline, additional safeguards (notably in terms of participation to any scheme), restructuring, issuance, relations with existing stability mechanisms, the investor base, the regulatory requirements (e.g. capital adequacy), phase-in coverage of debt, maturity; urges the Commission to reflect on a legitimate and appropriate governance and accountability;