33 Amendments of Ramon TREMOSA i BALCELLS related to 2010/2099(INI)
Amendment 4 #
Motion for a resolution
Citation 33 a (new)
Citation 33 a (new)
having regard to the Commission communication of 30 June 2010 on Enhancing Economic policy coordination for stability, groth and jobs - Tools for stronger EU economic governance,
Amendment 8 #
Motion for a resolution
Recital A
Recital A
A. whereas recent economic developments have shown clearly that economic policy coordination within the Union has not worked sufficiently well and has not been fully in line with, despite Member States' obligations under the Treaty on the Functioning of the European Union (TFEU), they have failed to regard their economic policy as a matter of common concern and to coordinate them within the Council in accordance with the relevant Treaty provisions and respecting the key role of the Commission in the surveillance procedure,
Amendment 23 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
C a. whereas the current rules of the Stability and Growth pact have not been enough to ensure sound fiscal policies; whereas there is a need to strengthen the EU fiscal framework through a more rigorous rules-based application of sanctions,
Amendment 28 #
Motion for a resolution
Recital D
Recital D
D. whereas labour, knowledge and innovations have a tendency to migrate to certain regions, and EU financial solidarity mechanisms need to be further developed focusing, in particular, on research and development and education to foster innovation and economic growth,
Amendment 30 #
Motion for a resolution
Recital D
Recital D
D. whereas labour, knowledge and innovations have a tendency to migrate to certain regions, and EU financial solidarity mechanisms need to be further developed focusing, in particular, on research and development and education and training,
Amendment 44 #
Motion for a resolution
Recital F
Recital F
F. whereas a fairn appropriate balance between investments in sustainable growth and the prevention of excessive deficits over the economic cycle, in line with Union-level commitments and guidelines, need to be persued,
Amendment 54 #
Motion for a resolution
Recital H
Recital H
H. whereas the strengthening of economic governance must go hand in hand with reinforcing the democratic legitimacy of European governance, which must be achieved through a stronger and more timely involvement of the European Parliament and of national parliaments throughout the process, further coordination, with reciprocal respect, between national parliaments and the European Parliament is needed,
Amendment 58 #
Motion for a resolution
Recital J
Recital J
J. whereas the TFEU gives the Union enhanced power to strengthen economic governance within the Union, although changes to the provisions of the TFEU in the future cannot be excludedwill be necessary,
Amendment 64 #
Motion for a resolution
Recital K
Recital K
K. whereas compconsidérant qu'il convient de mettreh ensive secondary place une leégislation needs to be established in order todérivée complète si l'on veut attaein the Union objectives in this area; whereas enhanced economicdre les objectifs de l'Union dans ce domaine; considérant qu'il est essentiel qu'une gouvernance for the Union based on the provisions of the TFEU is essential, the Unionéconomique renforcée de l'Union repose sur des dispositions du TFUE, que la meéthod should be used to its full extent and the keye communautaire doit être exploitée au maximum et que le roôle of theclé de la Commission should bdoit être respected in order to promote mutuallyé afin de promouvoir des politiques permettant un reinforcing policesement mutuel,
Amendment 68 #
Motion for a resolution
Recital L
Recital L
L. whereas any legislative proposal should support adequatestrong incentives for sustainable "growth-enhancing" economic policies, avoid moral hazard, be in line with other EU instruments and rules, and reap the full benefits of the euro as a common currency of the euro area,
Amendment 73 #
Motion for a resolution
Recital M
Recital M
M. whereas coherence between short, medium and long-term public investments needs to be strengthened and whereas those investments, in particular regarding infrastructure, need to be used efficiently and allocated toaking into account the objectives of the Europe 2020 Strategy, in particular regarding research and development, innovation and education in order to increase competitiveness and enhance productivity,
Amendment 75 #
Motion for a resolution
Recital N a (new)
Recital N a (new)
N a. Whereas the Union needs to be represented with a common position in the international monetary system, international financial institutions and fora; whereas in the spirit of the Treaty the Council needs to consult the European Parliament before adopting a decision under Article 138 TFEU and needs Parliament's consent before establishing common positions which cover fields to which, internally, the ordinary legislative procedure applies.
Amendment 79 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers that the financial implications of the requested proposal should be covered by appropriate budgetary allocations; taking into account the current deficit positions and austerity measures in Member States;
Amendment 86 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 1
Annex 1 – heading 1 – paragraph 1 – indent 1
– Define the scope of the multilateral surveillance based on TFEU instruments and assessments by the Commission aiming at preventing excessive macro- economic imbalances, unsustainable fiscal and other policies, addressing financial stability and growth concerns in accordance withand having regard to the objectives of the Europe 2020 strategy and other relevant developments,
Amendment 102 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 4
Annex 1 – heading 1 – paragraph 1 – indent 4
– Establish common rules for a more active use of the Broad Economic Policy Guidelines as a key tool for economic guidance, surveillance and Member State- specific recommendations in line withhaving regard to the EU 2020 strategy, focusing on growth, structural reforms, productivity and competitiveness, while taking into consideration the convergences and divergences between Members States, strengthening the relative competitive advantages of Member States, the resilience of the economy to external shocks and the impact that Member States' decisions may have on other Member States,
Amendment 162 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 7
Annex 1 – heading 2 – paragraph 1 – indent 7
– Establish pre-specified and pre-emptive incentives to be decided independently from the Council by the Commission or semi-automatic sanctions for Member States with excessive debt or for not complying with the mid-term budget objectives for a budget balance, in order to facilitate early warning steps and apply them in a progressive way,
Amendment 167 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 7
Annex 1 – heading 2 – paragraph 1 – indent 7
– Establish pre-specified and pre-emptive incentives to be decided independently from the Council by the Commission or semi-automatic sanctions, in order to facilitate early warning steps and apply them in a progressive way, and sanctions to include mechanisms such as triggering of risk weight adjustments to sovereign debt or other asset classes under guidance of the ECB and ESRB, or exclusion from any joint bond issuance,
Amendment 171 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 8 a (new)
Annex 1 – heading 2 – paragraph 1 – indent 8 a (new)
– Introduce a pre-defined sanction mechanism with four progressive steps: 1. name and shame 2. temporary loss of voting rights 3. temporary freezing of EU funds (structural, cohesion and CAP funds) 4. permanent loss of EU funds and/ or financial penalties,
Amendment 178 #
Motion for a resolution
Annex 1 – heading 3 – introductory part
Annex 1 – heading 3 – introductory part
Recommendation 3 : Enhancing economic governance in the euro area by the Euro Group as well as the European Union as a whole
Amendment 182 #
Motion for a resolution
Annex 1 – heading 3 – paragraph 1 – introductory part
Annex 1 – heading 3 – paragraph 1 – introductory part
Recognising the importance that all Member States of the European Union take part in achieving economic convergence, but also recognising that euro area countries are in a different situation from other Member States as they do not have the exchange rate mechanism at their disposal if they need to adjust relative prices and that they share the responsibility of the functioning of the European monetary union as a whole, the new rules, based on the other recommendations in this resolution and Article 136 TFEU and Protocol (No 14) on the Euro Group thereto, should aim to:
Amendment 185 #
Motion for a resolution
Annex 1 – heading 3 – paragraph 1 – indent -1 a (new)
Annex 1 – heading 3 – paragraph 1 – indent -1 a (new)
– Establish a regular framework to increase coordination among all EU Member States in order to monitor and foster economic convergence and discuss potential macro-economic imbalances within the Union,
Amendment 190 #
Motion for a resolution
Annex 1 – heading 3 – paragraph 1 – indent 3
Annex 1 – heading 3 – paragraph 1 – indent 3
Amendment 192 #
Motion for a resolution
Annex 1 – heading 3 – paragraph 1 – indent 3
Annex 1 – heading 3 – paragraph 1 – indent 3
– Strengthen the administrative support for the secretariat and cabinet of the President of the Euro Group,
Amendment 203 #
Motion for a resolution
Annex 1 – heading 4 – indent 1
Annex 1 – heading 4 – indent 1
– Establish a permanent mechanism or body (European Monetary Fund) as a last resort mechanism for cases in which market financing is no longer available based on existing mechanisms (the European Financial Stability Facility, the European Financial Stabilisation Mechanism and the European balance of payments instrument) with clear rules on the decision-making procedure, funding, conditionality for loans, monitoring, rules on burden-sharing, and resources and powers in order to facilitate borrowing and lending activity in exceptional circumstances and in order to facilitate orderly resolution avoiding contagion and ring-fencing sovereign debt insolvency, if needed. The mechanism should avoid moral hazard and be consistent with State Aid principles and consequences.
Amendment 206 #
Motion for a resolution
Annex 1 – heading 4 – indent 1
Annex 1 – heading 4 – indent 1
– Establish a permanent mechanism or body (European Monetary Fund) as a last resort mechanism for cases in which market financing is no longer available based on existing mechanisms (the European Financial Stability Facility, the European Financial Stabilisation Mechanism and the European balance of payments instrument) with clear rules on the decision-making procedure, funding, conditionality for loans, monitoring, rules on burden-sharing, and resources and powers in order to facilitate borrowing and lending activity in exceptional circumstances and in order to facilitate orderly resolution (e.g. debt restructuring) avoiding contagion and ring-fencing sovereign debt insolvency, if needed.
Amendment 217 #
Motion for a resolution
Annex 1 – heading 5 – paragraph 1 – indent 1
Annex 1 – heading 5 – paragraph 1 – indent 1
– élaborer une évaluation de la faisabilité (nature, risques et avantages) de la mise en place, à long terme d'un système permettant d'émettre des bons communs du Trésor, prioritairement destinés au financement de projets d'infrastructures européennes tournées vers l'avenir,
Amendment 234 #
Motion for a resolution
Annex 1 – heading 5 – paragraph 1 – indent 5 a (new)
Annex 1 – heading 5 – paragraph 1 – indent 5 a (new)
– Establish a high-level policy group chaired by the Commission with a mandate to study the creation of a European Common Treasury (ECT), with the objective of giving the European Union with its own financing resources in accordance with the Treaty of Lisbon in order to reduce the dependence from the national transfers. The ECT would issue Eurobonds with the only purpose of financing Community supranational infrastructure projects.
Amendment 240 #
Motion for a resolution
Annex 1 – heading 6 – paragraph 1 – indent 1
Annex 1 – heading 6 – paragraph 1 – indent 1
– Assess the possible revision of the capital requirements for credit institutions in order better to differentiate between capital ratios applied to sovereign debt issues by a Member State and an automatic trigger mechanism for progressive variation as an early deterrent to fiscal imprudence.
Amendment 241 #
Motion for a resolution
Annex 1 – heading 6 – paragraph 1 – indent 1 a (new)
Annex 1 – heading 6 – paragraph 1 – indent 1 a (new)
– Promote ways of achieving consistent implementation of Pillar II capital requirements in response to specific asset price bubbles or money supply issues,
Amendment 244 #
Motion for a resolution
Annex 1 – heading 6 – paragraph 1 – indent 1 a (new)
Annex 1 – heading 6 – paragraph 1 – indent 1 a (new)
– Confer to the European Supervisory Authorities the exclusive supervisory powers over large cross-border financial institutions,
Amendment 245 #
Motion for a resolution
Annex 1 – heading 6 – paragraph 1 – indent 1 b (new)
Annex 1 – heading 6 – paragraph 1 – indent 1 b (new)
– Integrate micro- and macro-prudential supervision in a single authority,
Amendment 247 #
Motion for a resolution
Annex 1 – heading 7 – paragraph 1 – indent 2
Annex 1 – heading 7 – paragraph 1 – indent 2
– Enhance the investigative powers by the Commission (Eurostat), such as on-site inspections without advanced warning and access to all accounting and budgetary information, for assessing the quality of public finances; if appropiate, this mesures should be accompanied by an increase of its budget and human resources,
Amendment 253 #
Motion for a resolution
Annex 1 – heading 8 – paragraph 1 – indent 2 a (new)
Annex 1 – heading 8 – paragraph 1 – indent 2 a (new)
– And in the spirit of the provisions of the Treaty include a procedure to fully inform and involve the European Parliament before adopting a decision under Art. 138 TFEU.