Activities of Ramon TREMOSA i BALCELLS related to 2015/2115(INI)
Plenary speeches (1)
European Central Bank annual report for 2014 (A8-0012/2016 - Notis Marias)
Amendments (15)
Amendment 60 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Deplores the existing gap between financing rates granted to SMEs and those granted to bigger companies; considers that this long-standing problem is not appropriately addressed by the recent measures implemented by the ECB to boost bank lending; a bigger effort should be made through an increase in the share of SME related assets inside the APP program.
Amendment 78 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. AcknowledgNotes that, in reaction to a complex environment of falling inflation, contraction of credit and sluggish economic growth, and with its interest rates close to the zero lower bound, the ECB resorted to non-conventional monetary policy instruments; insists that monetary policy cannot resolve the fiscal and economic problems that exist in many Member States and cannot be a substitute for necessary structural reforms.
Amendment 86 #
Motion for a resolution
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Stresses the importance of the organisational independence of the European Systemic Risk Board and calls on the ECB to consider ways of enhancing the ESRB´s independence;
Amendment 96 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Is concerned atPoints out the dangers to financial stability posed by artificially low interest rates, notes the rise in long-term domestic yields in most Member States observed since the second quarter of 2015, which could ul and emphasises the need for proper, prudent and timately erode the expected positive impactmanagement of the winding down of non-conventional monetary policy measures adopted by the ECB;
Amendment 115 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Stresses that the positive impact of the Asset Purchase Programme (APP) on money and credit dynamics remains modest, with new loans to enterprises still weak and with significant differences across euro area economies; notes that since the launch of the APP, medium-term inflation expectations have risen, gradually converging towards the target of 2 %, while the risks of a deflation trap have decreased; asks the ECB to apply the APP to all Member States, without discrimination;and to consider extending its composition to regional and local government debt assets in order to avoid any possible preferential treatment among levels of government inside the Member States.
Amendment 119 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Believes that to avoid that the ECB trespasses its own limits in the holding of certain Member States public debt assets, the ECB should change the composition of APP in order to increase the share of EIB bonds, moreover increasing the purchases of these infrastructure-related assets may have a more positive effect to achieve inflation targets.
Amendment 151 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Urges those euro area Member States which are subject to a macroeconomic adjustment programme to act pursuant to Article 7(9) of Regulation No 472/2013 of the European Parliament and of the Council of 21 May 2013 to carry out a comprehensive audit of their public finances in order, inter alia, to assess the reasons that led to the build-up of excessive levels of debt, as well as to track any possible irregularities; this audit will be to achieve a better understanding of past mistakes and not in order to start an ad hoc debt restructuring process that could initiate again the debt crisis in some Member States.
Amendment 164 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Believes that as the American example shows, it is necessary that all Member States are able to commit themselves to balanced budgets in order to create trust and confidence among partners and for the Eurozone to be able to further integrate.
Amendment 165 #
Motion for a resolution
Paragraph 12 b (new)
Paragraph 12 b (new)
12b. Believes that bailouts even though necessary have created tensions in the Eurozone that could have unintended consequences in the medium term and calls all actors involved to revise its design.
Amendment 166 #
Motion for a resolution
Paragraph 12 c (new)
Paragraph 12 c (new)
12c. Considers that without clear political and democratic legitimacy at the Commission, the application of the economic governance framework is doomed to fail when confronted with national heads of government unwilling to comply with it.
Amendment 177 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 210 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Deplores the fact that the ECB has exceeded even a broad interpretation of its Treaty-based mandate, inter alia in its role in the Troika and Quadriga; urges the ECB to take a step backwards andUrges the ECB to reinforce its independence from political decisions, abiding by the ECJ judgment in Case C- 62/14 of 16 June 2015, especially its paragraph 102, as well as the opinion expressed by Advocate-General Cruz Villalón in the same case, especially its paragraphs 227 and 263;
Amendment 229 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Calls for a thorough assessment of the Troika’s modus operandi and of the ECB’s involvement in the Troika and Quadriga frameworks, with a view to clarifying and redefining the scope of responsibilities and ensuring greater democratic accountability with the involvement of the European Parliament in the adoption and implementation of bailout programmes; invites the Council to reconsider the involvement of the ECB and IMF in the Troika;
Amendment 238 #
Motion for a resolution
Paragraph 25 – point b
Paragraph 25 – point b
Amendment 254 #
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26a. Recalls that the role of the ECB includes the protection of financial stability and thus the need to give enough liquidity to avoid public bank runs in solvent banks connected to the Eurosystem network.