Activities of Sylvie GOULARD related to 2013/2134(INI)
Plenary speeches (1)
European Semester for economic policy coordination (debate)
Amendments (9)
Amendment 35 #
Motion for a resolution
Recital D
Recital D
D. whereas the democratic legitimacy of economic governance in the European Semester requires real and dedicated respect for parliamentary prerogatives at European and national level and for those of the European Commission as laid down in the Treaties and EU legislation against the trend of an increasingly de- parliamentarised and intergovernmental culture of economic-policy making at EU level;
Amendment 58 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the Commission’s recognition that ‘deficit’ countries need to boost their competitiveness and that ‘surplus’ countries need to boost their demand, and that this calls for a deep revision of the prevailing policy stanc in a proportionate and sustainable way in order to contribute to the stability and growth of the eurozone;
Amendment 120 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Welcomes the use by the Commission of the margin of manoeuvre offered by the revised SGP to extend the deadlines for the correction of excessive deficits in seven procedures; calls on the Commission and the Council to ensure that the content and the calendar of the fiscal adjustment path are adapted to the specificity of each country and, particularly in ‘deficit’ countries, includemaking them conditional on the aforementioned margin of manoeuvre and the full use of structural funds, sound and sustainable structural reforms and the identification of investments (namely in the CSR) essential to boost competitiveness; calls on the Commission to clarify as a matter of urgency the ways in which to accommodate, under certain conditions, non-recurrent, public investment programmes with a proven impact on the sustainability of public finances;
Amendment 160 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Agrees that the ECB’s action has ‘decisively contributed to the stability of the euro area’, limiting speculation on sovereign debt and supporting attempts at reform embarked upon in some Member States; considers, however, that insufficient growth and high (and still growing) levels of private and public debt in many Member States mean that ‘a carefully managed process of deleveraging’ is required; calls on the Commission, therefore, to quickly deliver its 2-pack commitments to Parliament in order to deepen the analysis on the partial substitution of national debt issuance through joint issuance in the form of awelcomes the establishment of the expert group on the redemption fund and eurobills;
Amendment 171 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Stresses that the financing of the real economy, and of SMEs in particular, has not been restored on the EU’s periphery; points out that major differences in access to credit further stimulate the growingtend to exaggerate internal divergence trends in the EU and euro area in particular and destroy the internal market through unfair competition conditions; points out alsoreiterates that cleaning up the bank portfolios is a precondition and stresses that negative economic prospects only partially justify such restrictive credit constraints; calls for closer monitoring of the application of the new prudential rules and the banking sector practices in financing the real economy, in particular economically viable SMEs; calls for the Commission to prioritise work on alternativeaimed at diversifying sources of financing for SMEs, in particular through the structural funds, the European Investment Bank, the European Investment Fund and public development banks, and also through the financial markets (SME growth market, securitisation, ...);
Amendment 177 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Stresses that the retreat of various financial actors into national markets suggests that they are being weakened by the fragmentation of the internal market through excessive concentration, blocking the interbank market and negating the advantages of the internal market, i.e. risk diversification and greater opportunities;
Amendment 185 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. UrgCongratulates the Commission ton submitting a legislative proposal to create a Single Resolution Mechanism (includcomprising a Single European Authority and an industry financed Single European Fund), which is essential for completing the Banking Union; urges the Council to rapidly conclude negotiations with Parliament on the Deposit Guarantee Schemes Directive and on the Banking Recovery and Resolution Directive (to be negotiated in parallel);
Amendment 194 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Calls for direct banking recapitalisation by the European Stability Mechanism (ESM) to be available as soon as all the pillars of the Banking Union – namely, if necessary, as soon as the Ssingle Ssupervisory Mechanism and the Deposit Guaranteauthority is in place, as announced by the heads of state and Recgovery and Resolution frameworks – are in placenment of the eurozone in their June 2012 declaration; given the possible urgency of having a Single Resolution Fund to accompany the SSM, supports the immediate frontloading of the ESM to feed the SRF, with a reimbursement period by industry; believhich in turn would be fed by contributions from the banking sector; reiterates that the MESM facility must reinforce the EU budget and be managed under the Community method;
Amendment 228 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Urges the Commission to ensureReminds thate Member States that they must involve their national parliaments, the social partners and civil society in the European Semester process as a whole, and particularly in the development and discussion of their national reform programmes;