Preparatory phase in Parliament
2017/2114(INI) Economic policies of the euro area
Legal Basis RoP 052
| Role | Committee | Rapporteur | Shadows |
|---|---|---|---|
| Lead | ECON | HÖKMARK Gunnar (EPP) | SILVA PEREIRA Pedro (S&D), ZĪLE Roberts (ECR), WIERINCK Lieve (ALDE), MATIAS Marisa (GUE/NGL), VALLI Marco (EFD), KAPPEL Barbara (ENF) |
| Opinion | EMPL | TOOM Yana (ALDE) | |
| Opinion | REGI | VALCÁRCEL SISO Ramón Luis (EPP) |
Legal Basis RoP 052
Subjects
Documents
| Amendments | Dossier |
| 408 |
2017/2114(INI)
2017/07/10
ECON
408 amendments...
Amendment 1 #
Motion for a resolution Citation 1 a (new) - having regard to the Protocol (No 1) of the Treaty on the Functioning of the European Union (TFEU) on the role of national parliaments in the European Union,
Amendment 10 #
Motion for a resolution Citation 19 a (new) - having regard to the COP 21 agreement adopted at the Paris Climate Conference on 12 December 2015,
Amendment 100 #
Motion for a resolution Paragraph 4 4. Considers that for this to materialise the structural conditions for growth need to be improved; takes the view that
Amendment 101 #
Motion for a resolution Paragraph 4 4.
Amendment 102 #
Motion for a resolution Paragraph 4 4. Considers that, for this to materialise, the EU must adopt a convergence code which includes such economic, social and environmental indicators, thus improving the structural conditions for growth
Amendment 103 #
Motion for a resolution Paragraph 4 4. Considers that for this to materialise the structural conditions for growth need to be improved; takes the view that the potential growth of all Member States should increase in the long term to at least 3 %; for this to happen, establishing clear benchmarks on how to improve the potential growth of Member States could provide the necessary guidance for policy actions; points out that such a regular benchmarking exercise would have to take due account of individual structural strengths and weaknesses of Member States and should include areas such as the digital economy, the services sector, the energy market, but also the quality of public services, conditions for investment, the inclusiveness and preparedness of education systems;
Amendment 104 #
Motion for a resolution Paragraph 4 4. Considers that for this to materialise the structural conditions for growth need to be improved; takes the view that the potential growth of all Member States should increase in the long term to at least
Amendment 105 #
Motion for a resolution Paragraph 4 4. Considers that for this to materialise the structural conditions for growth need to be improved; takes the view that the potential growth of all Member States should increase in the long term to at least 3 %;
Amendment 106 #
Motion for a resolution Paragraph 4 4. Considers that for this to materialise the structural conditions for sustainable growth need to be improved; takes the view that the potential sustainable growth of all Member States should increase- on average- in the long term to at least 3 %; for this to happen, establishing clear benchmarks on how to improve the potential growth of Member States could provide the necessary guidance for policy actions; points out that such a regular benchmarking exercise would have to take due account of individual structural strengths and weaknesses of Member States;
Amendment 107 #
Motion for a resolution Paragraph 5 5.
Amendment 108 #
Motion for a resolution Paragraph 5 5. Emphasises th
Amendment 109 #
Motion for a resolution Paragraph 5 5. Emphasises that this would complement ongoing efforts on improving the quality and management of national budgets by addressing the triggers for growth in line with
Amendment 11 #
Motion for a resolution Recital A A. whereas the GDP growth rate
Amendment 110 #
Motion for a resolution Paragraph 5 5. Emphasises that this would complement ongoing efforts on improving the quality and management of national
Amendment 111 #
Motion for a resolution Paragraph 5 5. Emphasises that this would complement ongoing efforts on improving the quality and management of national budgets by addressing the triggers for growth in line with Union fiscal rules and with full respect of its existing flexibility;
Amendment 112 #
Motion for a resolution Paragraph 5 5. Emphasises that this would complement ongoing efforts on improving the quality and management of national budgets by addressing the triggers for a sustainable and social inclusive growth in line with Union fiscal rules;
Amendment 113 #
Motion for a resolution Paragraph 5 5. Emphasises that this would complement ongoing efforts on improving the quality and management of national budgets by addressing the triggers for growth in line with Union fiscal rules and the EU 2020 framework;
Amendment 114 #
Motion for a resolution Paragraph 5 a (new) 5 a. Believes that the EU Institutions should assess whether the EU methodologies for the evaluation of the economic and social performance of EU Member States as well as the targets applied under the Stability and Growth Pact are still up-to-date, given that the overall economic and social conditions both at national and European level have changed drastically since the time when they were first drafted;
Amendment 115 #
Motion for a resolution Paragraph 5 a (new) 5 a. Agrees with the assessment from the Commission that the correction of macroeconomic imbalances continues, reflecting progress in implementing relevant reforms, but it remains largely asymmetric across the EU also in the sense that it is countries with external deficits or debt that have made further progress while, at the same time, large current account surpluses persist in some other countries;
Amendment 116 #
Motion for a resolution Paragraph 5 a (new) 5a. Considers that, in order to ensure upward convergence and macroeconomic stabilisation in the short term, it is necessary to create a fiscal capacity for the euro area;considers that that fiscal capacity should comprise a European unemployment insurance system designed to mitigate the impact of the economic cycle;
Amendment 117 #
5 a. Supports efforts to enhance the credibility of banking union by applying its rules both in letter and in spirit more reliably, by bolstering the availability of loss absorbing capital and by completing banking union with a European Deposits Insurance Scheme;
Amendment 118 #
Motion for a resolution Paragraph 5 a (new) 5 a. Reminds all Eurozone Member States that the euro coins and banknotes issued by the Eurosystem is the only legal tender and thus it must not be rejected in economic transactions excepting when a high denomination banknote is provided against a minor payment;
Amendment 119 #
Motion for a resolution Paragraph 5 a (new) 5 a. Underlines that the correct implementation of EU law is a basic instrument for economic convergence inside the EU and the Eurozone, and calls for stronger enforcement and public pressure from the Commission on infringing Member States;
Amendment 12 #
Motion for a resolution Recital A A. whereas, according to the Commission's forecasts, the GDP growth rate for the euro area was 1.8 % in 2016 and is set to
Amendment 122 #
Motion for a resolution Paragraph 6 Amendment 123 #
Motion for a resolution Paragraph 6 Amendment 124 #
Motion for a resolution Paragraph 6 6. Considers that the uneven growth and employment situation in the euro area
Amendment 125 #
Motion for a resolution Paragraph 6 6. Considers that the uneven growth and employment situation i
Amendment 126 #
Motion for a resolution Paragraph 6 6. Considers that the uneven growth and employment situation in the euro area requires
Amendment 127 #
6. Considers that the uneven growth and employment situation in the euro area requires better coordination of
Amendment 128 #
Motion for a resolution Paragraph 6 6. Considers that the uneven growth and employment situation in the euro area requires
Amendment 129 #
6. Considers that the uneven growth and employment situation in the euro area requires better coordination of
Amendment 13 #
Motion for a resolution Recital A A. whereas the GDP growth rate for the euro area was 1.8 % in 2016 and is set to remain steady at 1.7 % in 2017 and at 1.9 % in the EU overall,
Amendment 130 #
Motion for a resolution Paragraph 6 6. Considers that the uneven growth and employment situation in the euro area requires better coordination of structural reforms, in particular through improved implementation of the country-specific recommendations (CSR); thereby calls on the Commission to come forward with a legislative proposal to strengthen the link between structural reforms and EU spending; a partnership-based approach could ensure greater accountability and ownership for the outcome of the implementation of CSRs.
Amendment 131 #
Motion for a resolution Paragraph 6 6. Considers that the uneven growth and employment situation in the euro area requires better coordination of structural reforms, in particular through improved implementation of the country-specific recommendations (CSR); notes that in 2016 55 % of CSRs have not been implemented or only seen limited progress, and only 2 % have been fully implemented; warns that the low implementation rate of CSRs jeopardizes the convergence process in the euro area and hinders growth and job creation;
Amendment 132 #
Motion for a resolution Paragraph 6 6. Considers that the uneven growth and employment situation in the euro area requires better coordination of socially balanced structural reforms, in particular through improved implementation of the country-specific recommendations (CSR);
Amendment 133 #
Motion for a resolution Paragraph 6 6. Considers that the uneven growth
Amendment 134 #
Motion for a resolution Paragraph 6 a (new) 6 a. Agrees with the Commission that addressing the legacy of the crisis, from long-term unemployment to high levels of private and public debt, remains an urgent priority, which calls for the implementation of sustainable and inclusive reforms designed to foster social justice, mitigate income inequalities and support convergence towards better outcomes;
Amendment 135 #
Motion for a resolution Paragraph 6 a (new) 6 a. Notes that youth unemployment remains excessively high across the countries of the Euro area;points out that elevated and persistent youth unemployment represents a dangerous long-term structural risk to the economy of the Euro area;considers that specific policies must be developed and implemented to tackle this;
Amendment 136 #
Motion for a resolution Paragraph 6 a (new) 6 a. Recalls the importance of technical assistance in order to help Member States build capacity and converge;welcomes the attention paid to the issue of technical assistance in the Commission's reflection paper on the deepening of the economic and monetary union;
Amendment 137 #
Motion for a resolution Paragraph 6 a (new) 6 a. Takes the view that the current environment of low interest rates offers additional opportunities for Member States to implement structural reforms;
Amendment 138 #
Motion for a resolution Paragraph 6 b (new) 6 b. Urges all Member States to focus on reforms that facilitate investment in social infrastructure, education, early childhood education and care and lifelong learning, as well as on reforms promoting research and innovation capacity;
Amendment 139 #
Motion for a resolution Paragraph 6 c (new) 6 c. Recalls that sustainable structural reforms should be supported by EU instruments, particularly by the European Structural and Investment Funds (ESIFs) and the European Fund for Strategic Investments (EFSI);
Amendment 14 #
Motion for a resolution Recital A A. whereas the GDP growth rate for the euro area was 1.8 % in 2016 and is set to remain steady at 1.7 % in 2017 and at
Amendment 140 #
Motion for a resolution Paragraph 7 7.
Amendment 141 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still act as a drag on growth and pose potential risks; is concerned
Amendment 142 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still act as a drag on growth and pose potential risks; is concerned in this regard that the persistently high level of non- performing loans
Amendment 143 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis
Amendment 144 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still act as a drag on growth and pose potential risks; is deeply concerned in this regard that the persistently high level of non-
Amendment 145 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis such as a high level of unemployment, inequality and indebtedness in all sectors of the economy still act as a drag on growth and pose potential risks; is concerned in this regard that the persistently high level of non- performing loans (NPLs) in some Member States, which are a legacy of the crisis and a result of the protracted period of sluggish growth since then, could have significant spill-over effects from one Member State to another, presenting a risk to financial stability in Europe; notes that capital buffers in the financial sector have been strengthened, but challenges arise from low profitability, coupled with high levels of NPLs; supports the proposal, backed by several European institutions and supervisory authorities, to create a European solution or blueprint for dealing with the current stock of NPLs in many banks' balance sheets; is convinced an EU-level strategy to deal with NPLs could promote a more comprehensive approach and concerted action at both national and European level;
Amendment 146 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still act as a drag on growth and pose potential risks; calls on Member States to reduce excessive levels of indebtedness; is concerned in this regard that the persistently high level of non-
Amendment 147 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still act as a drag on growth and pose potential risks; is concerned in this regard that the persistently high level of non- performing loans in some Member States could have significant spill-over effects from one Member State to another, presenting a risk to financial stability in Europe; calls therefore for an urgent European solution for the non performing loans problem.
Amendment 148 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still act as a drag on growth and pose potential risks; is concerned in this regard that the persistently high level of non- performing loans in some Member States could have significant spill-over effects from one Member State to another, and between banks and sovereigns, presenting a risk to financial stability in Europe;
Amendment 149 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still act as a drag on sustainable growth and pose potential systemic risks; is concerned in this regard that the persistently high level of non-
Amendment 15 #
Motion for a resolution Recital A A. whereas the GDP growth rate for the euro area was 1.8 % in 2016 and is set to remain steady at 1.7 % in 2017 and at 1.9 % in the EU overall, surpassing pre- crisis levels while still be
Amendment 150 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still act as a drag on growth and pose potential downward risks; is concerned in this regard that the persistently high level of non-
Amendment 151 #
Motion for a resolution Paragraph 7 7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still often act as a drag on growth and pose potential risks; is concerned in this regard that the persistently high level of non- performing loans in some Member States could have significant spill-over effects from one Member State to another, presenting a risk to financial stability in Europe;
Amendment 152 #
Motion for a resolution Paragraph 7 a (new) 7a. Notes with concern, in this context, that the limited attention devoted by European supervisors to the high exposures to illiquid and opaque securities classified as level 2 and level 3 assets in other Member States favours large investment banks which are very exposed to systemic market risks, which currently are paradoxically regarded as more secure than banks which mainly engage in retail credit transactions;stresses that the volume of such illiquid securities, which is estimated to be twelve times that of net non- performing loans, could have grave repercussions, seriously endangering financial stability in Europe;
Amendment 153 #
Motion for a resolution Paragraph 7 a (new) 7 a. Invites all relevant European institutions and bodies to step up their work on the completion of the Banking Union, including the setting-up of a common European Deposit Insurance Scheme together with a sound and robust backstop, and on the creation of a full- fledged Capital Markets Union;stresses that new capital and liquidity requirements, albeit necessary to enhance the resilience of the banking sector, should not undermine banks' ability to lend to the real economy;
Amendment 154 #
Motion for a resolution Paragraph 7 a (new) 7 a. Notes that doubtful claims, particularly in the banking sector, remain one of the most pressing problems;stresses the need finally to create the political will to disclose and set down these requirements according the principles of balance sheet reality and transparency;points out that large-scale bank insolvency is unavoidable if the foundations for future growth are to be laid;
Amendment 155 #
Motion for a resolution Paragraph 7 a (new) 7 a. Considers that, as a consequence of the non-binding character of CSR's, responsibility for the consequences of non-implementation towards their population remains with the Member States;takes the view that the sharing of the burden of the consequences is conditional to the implementation of the CSR's;
Amendment 156 #
Motion for a resolution Paragraph 7 b (new) 7 b. Is disappointed that, after many years of work, Italy's bail-in rules are not being applied;reminds the Commission that it is the Guardian of the Treaties and that it is not doing justice to this distinguished task;stresses that the aim of the new rules on resolution was to break the vicious circle between states and banks and that this work was abruptly ruined by Italy's and the Commission's assumption of bank debts;considers that as a result the markets will put Italy's capital market access to the test sooner or later, as happened in 2012;regrets the fact that this will put the euro and, as a result, the savings of European savers at risk;
Amendment 157 #
Motion for a resolution Paragraph 8 8.
Amendment 158 #
Motion for a resolution Paragraph 8 8. Takes the view that
Amendment 159 #
Motion for a resolution Paragraph 8 8. Takes the view that reforms to improve the business climate are needed to boost productivity and employment in the euro area; underlines
Amendment 16 #
Motion for a resolution Recital A A. whereas the GDP growth rate for the euro area was 1.8 % in 2016 and is set to remain steady at 1.7 % in 2017 and at 1.9 % in the EU overall, surpassing pre- crisis levels while still being insufficient
Amendment 160 #
Motion for a resolution Paragraph 8 8. Takes the view that reforms to improve the business climate are needed to boost productivity and employment in the euro area; underlines in this context the importance of
Amendment 161 #
Motion for a resolution Paragraph 8 8. Takes the view that
Amendment 162 #
Motion for a resolution Paragraph 8 8. Takes the view that reforms to improve the business climate and overall resources efficiency are needed to boost productivity and employment in the euro area and trigger the ecological transformation of the EU economy; underlines in this context the importance of well-designed and context adapted supply- side
Amendment 163 #
Motion for a resolution Paragraph 8 8. Takes the view that reforms to improve the business climate are needed to boost productivity and employment in the euro area; underlines in this context the importance of supply-side reforms; recalls, on the other hand, that growth is impossible without an adequate level of demand for goods and services; stresses, in this context, the need to support demand for consumption and investment, particularly by means of a positive fiscal policy in the euro area;
Amendment 164 #
Motion for a resolution Paragraph 8 8. Takes the view that reforms to improve the business climate are needed to boost productivity and employment in the euro area; believes additional efforts are required to boost access of SMEs to finance, which is a crucial factor for businesses to innovate and expand; underlines in this context the importance of both demand- and supply-side reforms, also taking into account distributional impacts;
Amendment 165 #
Motion for a resolution Paragraph 8 8. Takes the view that reforms to improve the business climate are needed to boost productivity and employment in the euro area; underlines in this context the importance of supply-side reforms being undertaken jointly with demand-side improvements;
Amendment 166 #
Motion for a resolution Paragraph 8 8. Takes the view that reforms to improve the business climate are needed to boost productivity and employment in the euro area; underlines in this context the importance of supply-side reforms in combination with fiscal and monetary stimulus;
Amendment 167 #
Motion for a resolution Paragraph 8 8. Takes the view that quality reforms to improve the business climate are needed to help boost productivity and employment in the euro area; underlines in this context the importance of supply-side reforms;
Amendment 168 #
Motion for a resolution Paragraph 8 8. Takes the view that reforms to improve the business climate are needed to boost productivity, competitiveness and employment in the euro area; underlines in this context the importance of supply-side reforms;
Amendment 169 #
Motion for a resolution Paragraph 8 8. Takes the view that reforms to improve the business climate are needed to boost productivity, investment and employment in the euro area; underlines in this context the importance of supply-side reforms;
Amendment 17 #
Motion for a resolution Recital A A. whereas the GDP growth rate for the euro area was 1.8 % in 2016 and is set to remain steady at 1.7 % in 2017 and at 1.9 % in the EU overall, surpassing pre- crisis levels while still being insufficient; whereas significant differences in growth rates remain across the EU, ranging between 0.0 % and 5.2 %;
Amendment 170 #
Motion for a resolution Paragraph 8 a (new) 8 a. Recalls that ultimately, consumers benefit from lower corporate tax;stresses that unrestricted tax competition is the only way to keep taxes low;in this context, considers the efforts to harmonise corporate tax rates and bases in the EU to be damaging;
Amendment 171 #
Motion for a resolution Paragraph 8 a (new) 8 a. Emphasises that digital structural reforms are essential for fostering the EU's competitiveness, creating high- quality jobs and highly skilled jobs;highlights the significant growth potential of both already observed efforts and of further ambition in terms of digital structural reforms;urges in this context that they should be prioritized;
Amendment 172 #
Motion for a resolution Paragraph 8 a (new) Amendment 173 #
Motion for a resolution Paragraph 8 a (new) 8 a. Agrees on the need for reforms that improve productivity and boost price and non-price competitiveness in order to better support growth;
Amendment 174 #
Motion for a resolution Paragraph 9 Amendment 175 #
Motion for a resolution Paragraph 9 Amendment 176 #
Motion for a resolution Paragraph 9 Amendment 177 #
Motion for a resolution Paragraph 9 9.
Amendment 178 #
Motion for a resolution Paragraph 9 9.
Amendment 179 #
Motion for a resolution Paragraph 9 9. Shares the
Amendment 18 #
Motion for a resolution Recital A A. whereas the GDP growth rate for the euro area was 1.8 % in 2016 and, according to the European Commission's projections, is set to remain steady at 1.7 % in 2017 and at 1.9 % in the EU overall, surpassing pre-
Amendment 180 #
Motion for a resolution Paragraph 9 Amendment 181 #
Motion for a resolution Paragraph 9 9.
Amendment 182 #
Motion for a resolution Paragraph 9 9. Shares the Commission
Amendment 183 #
Motion for a resolution Paragraph 9 9. Shares the Commission
Amendment 184 #
Motion for a resolution Paragraph 9 9.
Amendment 185 #
Motion for a resolution Paragraph 9 9. Shares the Commission’s view on the need for changes in labour market legislation that provide flexibility and security for both employees and employers, thereby increasing employment and ensuring sustainable growth; stresses, in this context, the need for labour market reforms at national level to be accompanied by the rules proposed in the Commission communication on a European pillar of social rights;
Amendment 186 #
Motion for a resolution Paragraph 9 9. Shares the Commission’s view on the need for changes in labour market legislation that provide flexibility and security for both employees and employers, thereby increasing employment and ensuring sustainable growth; underlines the importance of maintaining the high employment rates;
Amendment 187 #
Motion for a resolution Paragraph 9 9. Shares the Commission’s view on the need for changes in labour market legislation that provide flexibility and security for both employees and employers, thereby increasing employment and ensuring sustainable growth and social right protection;
Amendment 188 #
Motion for a resolution Paragraph 10 10.
Amendment 189 #
Motion for a resolution Paragraph 10 10. Stresses the importance of linking wage
Amendment 19 #
Motion for a resolution Recital A a (new) A a. whereas the growth rates of the EU's and the euro area's economies have for years been too low and politicians are not sufficiently ambitious to help boost them by means of reforms;
Amendment 190 #
Motion for a resolution Paragraph 10 10. Stresses the importance of growth- friendly wage developments
Amendment 191 #
Motion for a resolution Paragraph 10 10. Stresses the importance of wage developments
Amendment 192 #
Motion for a resolution Paragraph 10 10. Stresses th
Amendment 193 #
Motion for a resolution Paragraph 10 10.
Amendment 194 #
Motion for a resolution Paragraph 10 10. Stresses the importance of wage developments in line with productivity and asks the Commission to put forward specific recommendations with that purpose;
Amendment 195 #
Motion for a resolution Paragraph 10 10. Stresses the importance of wage developments in line with productivity; takes note of the fact that wage growth is forecast to be relatively moderate;
Amendment 196 #
Motion for a resolution Paragraph 10 10. Stresses the importance of wage developments in line with productivity in order to maintain competitiveness;
Amendment 197 #
Motion for a resolution Paragraph 11 Amendment 198 #
Motion for a resolution Paragraph 11 Amendment 199 #
Motion for a resolution Paragraph 11 Amendment 2 #
Motion for a resolution Citation 1 a (new) - having regard to the report of the European Fiscal Board on "Assessment of the prospective fiscal stance appropriate for the euro area" of 20 June 2017,
Amendment 20 #
Motion for a resolution Recital A a (new) Aa. whereas in order to succeed, expansionary monetary policies must be accompanied by expansionary fiscal and budgetary policies;
Amendment 200 #
Motion for a resolution Paragraph 11 Amendment 201 #
Amendment 202 #
Motion for a resolution Paragraph 11 Amendment 203 #
Motion for a resolution Paragraph 11 Amendment 204 #
Motion for a resolution Paragraph 11 11.
Amendment 205 #
Motion for a resolution Paragraph 11 (-11
Amendment 206 #
Motion for a resolution Paragraph 11 11. Stresses that the l
Amendment 207 #
Motion for a resolution Paragraph 11 11. Stresses that
Amendment 208 #
Motion for a resolution Paragraph 11 11.
Amendment 209 #
Motion for a resolution Paragraph 11 11. Stresses that one of the factors underlying the lack of competitiveness and investment in the EU is
Amendment 21 #
Motion for a resolution Recital A a (new) A a. whereas euro area deficit is projected to decrease to stand at 1,4% in 2017 and 1,3% in 2018;
Amendment 210 #
Motion for a resolution Paragraph 11 11. Stresses that the lack of competitiveness and investment in the EU is, in part, linked to a general tax burden that is 10 to 15 % higher than in competing markets, creating hindering tax wedges on companies, investments and labour; believes that moderately lowering the tax burden on labour would increase employment and foster growth;
Amendment 211 #
Motion for a resolution Paragraph 11 a (new) 11 a. Considers that inequality and poverty need to be addressed when designing policy reforms and monitoring their implementation;agrees with the Commission that tackling income inequality and poverty requires a comprehensive set of preventive and mitigating policies, including equal access to education and health care, improved labour market opportunities and earnings prospects, affordable quality services and well-designed tax and benefit systems;
Amendment 212 #
Motion for a resolution Paragraph 11 a (new) 11 a. Points out in this context that a tax wedge as well as taxes themselves have a negative impact on competitiveness;finds that charges borne by employees and employers place work as a production factor at a disadvantage and make the automatisation of jobs more attractive;is concerned that this will worsen disruption at the lower end of the pay scale;
Amendment 213 #
Motion for a resolution Paragraph 11 a (new) 11 a. Notes that difficulties in access to finance faced by companies across the EU, in particular by small and medium- sized enterprises, represents an obstacle to the overall competitiveness of the euro area;considers the implementation of measures to improve access to finance a key priority for the improvement of competitiveness in the euro area;
Amendment 214 #
Motion for a resolution Paragraph 11 a (new) 11a. Stresses, therefore, the importance of shifting the tax burden from employment and SMEs to effective taxation of the profits of multinationals, pollution of the environment and financial speculation;
Amendment 215 #
Motion for a resolution Paragraph 11 a (new) 11 a. Stresses the importance of national ownership for the successful conduct of structural reforms;strongly encourages the continuation of efforts made in order to foster effective dialogue between the EU and national level;
Amendment 216 #
Motion for a resolution Paragraph 11 a (new) 11 a. Calls to the Commission to align the Semester to decarbonise the economy, and thereby align public financial flows to the requirements of Article 2 in the Paris Agreement;
Amendment 217 #
Motion for a resolution Paragraph 11 a (new) 11 a. Underlines that structural reforms in housing, products, services and labour markets must be a priority in the Member States;
Amendment 218 #
Motion for a resolution Paragraph 11 a (new) 11 a. Stresses the need for a better coordination of taxation in the EU to fight unfair tax competition;
Amendment 219 #
Motion for a resolution Paragraph 11 b (new) 11 b. Considers the deepening of the single market to be a major contributor to the economic development of the euro area;notes that administrative, legal and financial obstacles remain to cross-border economic activity, which represent a particular burden to small and medium- size enterprises;considers that steps should be taken for the harmonisation of administrative, legal and financial requirements for cross-border economic activity;
Amendment 22 #
Motion for a resolution Recital A b (new) A b. whereas euro area government debt is projected to decrease to stand at 90,3% in 2017 and 89,0% in 2018;
Amendment 220 #
Motion for a resolution Paragraph 11 b (new) 11 b. Calls on the Commission to include in the next AGS a fourth pillar based on a comprehensive strategy to move towards a low-carbon economy, in order to translate in concrete policy actions the results of the COP21 for the purpose of fighting climate change and promoting sustainable growth based on innovation, an efficient use of energy and resources, renewable energy, green investment and new employment opportunities;
Amendment 221 #
Motion for a resolution Paragraph 11 b (new) 11 b. Highlights that accountability of governments to their national Parliaments as regards their economic policies is crucial in order to foster ownership of structural reforms and prevent scapegoating of the EU level;encourages accordingly the strengthening of relevant national scrutiny mechanisms;
Amendment 222 #
Motion for a resolution Paragraph 11 b (new) 11 b. Underlines that fiscal stimulus, where possible, through lower taxes can support domestic demand, social security and supply of investments and labour;
Amendment 223 #
Motion for a resolution Paragraph 11 c (new) 11 c. Emphasises that excessive and inefficient government bureaucracy represents an obstacle to business across the EU, being particularly burdensome to small and medium-sized enterprises, and could represent a barrier to entry;considers that measures need to be implemented to streamline government bureaucracy and make it more efficient;stresses that digitalisation of such bureaucracy would be a welcomed step forward;
Amendment 224 #
Motion for a resolution Paragraph 12 12. Agrees that the economic
Amendment 225 #
Motion for a resolution Paragraph 12 12. Agrees that the economic upswing needs to be guided and supported by public investment and notes that there is still an investment gap in the euro area
Amendment 226 #
Motion for a resolution Paragraph 12 12. Agrees that the economic upswing needs to be supported by investment and notes that there is still a
Amendment 227 #
Motion for a resolution Paragraph 12 12. Agrees that the economic upswing needs to be supported by both public and private investment and notes that there is still an investment gap in the euro area;
Amendment 228 #
Motion for a resolution Paragraph 12 12. Agrees that the economic upswing needs to be supported by investment and notes that there is still an investment gap in the euro area;
Amendment 229 #
Motion for a resolution Paragraph 12 12. Agrees that the economic upswing needs to be supported by investment and demand for goods and services, and notes that there is still an investment gap in the euro area;
Amendment 23 #
Motion for a resolution Recital B B. whereas the euro area and EU28 unemployment rates were 9.3 % and 7.8 % respectively in April 2017,
Amendment 230 #
Motion for a resolution Paragraph 12 12. Agrees that the economic upswing needs to be supported by public and private investment and notes that there is still a
Amendment 231 #
Motion for a resolution Paragraph 12 12. Agrees that the economic upswing needs to be supported by investment and notes that there is still an investment gap in the euro area; recognises, however, that in some Member States investments already exceed the pre-crisis level; in this regard stresses that, while countries which have to continue on the path of fiscal consolidation must do that by cutting public expenditure in unproductive areas, countries having the margin for manoeuvre must use it for more productive investment;
Amendment 232 #
Motion for a resolution Paragraph 12 12. Agrees that the economic upswing needs to be supported by investment and notes that there is still an investment gap in the euro area; notes that there are a number of Member States with fiscal scope and favourable financing conditions where investment is still subdued; is of the view that such countries should use the available means to increase the investment levels; recognises, however, that in some Member States investments already exceed the pre- crisis level;
Amendment 233 #
Motion for a resolution Paragraph 12 12. Agrees that the economic upswing needs to be supported by investment, particularly in innovation, and notes that there is still an investment gap in the euro area; recognises, however, that in some Member States investments already exceed the pre-crisis level;
Amendment 234 #
Motion for a resolution Paragraph 12 12. Agrees that the economic upswing needs to be supported by sustainable green investment and notes that there is still an investment gap in the euro area; recognises, however, that in some Member States investments already exceed the pre- crisis level;
Amendment 235 #
Motion for a resolution Paragraph 12 a (new) 12 a. Calls on euro area Member States and the Commission to speed up and maximize the use of European Structural and Investment Funds (ESIF) in order to take advantage of all internal growth drivers, targeting public investment to projects with significant macroeconomic impact that can boost innovation, productivity, competitiveness, as well as social inclusion, with a view to promoting upward convergence between Member States;
Amendment 236 #
Motion for a resolution Paragraph 12 a (new) 12 a. Believes that the composition and quality of investment expenditures matter strongly;takes the view that investment should primarily support long-term growth and, to this aim, focus on areas that are most likely to deliver it such as, in particular, education, life-long learning, research and development and energy transition;
Amendment 237 #
Motion for a resolution Paragraph 12 a (new) 12 a. Stresses that SMEs play a fundamental role in investment and innovation in Europe;underlines the differences in financing conditions for SMEs between Member States, which are influenced by country-specific factors;
Amendment 238 #
Motion for a resolution Paragraph 12 a (new) 12 a. Stresses that investment stems from private capital accumulated as savings and cannot be replaced by the Central Bank or other vehicles of centralised planning;
Amendment 239 #
Motion for a resolution Paragraph 12 a (new) 12 a. Emphasises that main reasons for low private investment are taxes, red tape and debts;
Amendment 24 #
Motion for a resolution Recital B B. whereas the euro area and EU28 unemployment rates were
Amendment 240 #
Motion for a resolution Paragraph 12 b (new) 12 b. Underlines that public investments in human capital and infrastructure are of the utmost importance;considers that the economic crisis has highlighted the strong need to facilitate public and private investment in areas such as education, innovation and research and development;stresses the crucial role of public spending on education and life- long learning;believes the rate of public investments in education, infrastructure and research and innovation should grow, particularly in those Member States where there is more room to increase public expenditure;
Amendment 241 #
Motion for a resolution Paragraph 13 13. Considers that
Amendment 242 #
Motion for a resolution Paragraph 13 13. Considers that reforms removing investment bottlenecks would allow for immediate support for economic activity
Amendment 243 #
Motion for a resolution Paragraph 13 13. Considers that reforms removing investment
Amendment 244 #
Motion for a resolution Paragraph 13 13. Considers that reforms removing
Amendment 245 #
Motion for a resolution Paragraph 13 13. Considers that reforms removing investment bottlenecks would allow for immediate support for economic activity and at the same time set the conditions for long-term growth; recalls that further harmonisation of legislation in areas such as insolvency and taxation of cross-border activities present significant potential in this respect; welcomes in this context the agreement on double taxation dispute resolution mechanisms reached at the Council and calls for a swift adoption of the Commission's proposal for a directive on preventive restructuring frameworks and second chance; also underlines the potential benefits of a Common Consolidated Corporate Tax Base regarding the facilitation of cross-border investment;
Amendment 246 #
Motion for a resolution Paragraph 13 13. Considers that reforms removing investment bottlenecks would allow for immediate support for economic activity and at the same time set the conditions for long-term growth; stresses that the completion of the Capital Markets Union is a crucial factor to attract and to increase investment, and improve the financing of growth and jobs;
Amendment 247 #
Motion for a resolution Paragraph 13 13. Considers that reforms removing investment bottlenecks as well as more robust level of aggregate demand would allow for immediate support for economic activity and at the same time set the conditions for long-term growth;
Amendment 248 #
Motion for a resolution Paragraph 13 13. Considers that reforms removing investment bottlenecks would allow for immediate support for economic activity and at the same time set the conditions for long-term sustainable growth;
Amendment 249 #
Motion for a resolution Paragraph 13 13. Considers that reforms removing investment bottlenecks would allow for immediate support for economic activity and at the same time help set the conditions for long-term growth;
Amendment 25 #
Motion for a resolution Recital B B. whereas the euro area and EU28 unemployment rates were 9.3
Amendment 250 #
Motion for a resolution Paragraph 13 a (new) 13 a. Considers research, technology and education to be of vital importance to the long-term economic development of the Euro area;stresses the vast disparities between member states in investment in these areas;notes that investment in these areas can contribute to the development of innovation in the EU;considers that member states should take active measures to meet their target gross domestic expenditure on research and development in the context of the Europe 2020 Strategy;
Amendment 251 #
Motion for a resolution Paragraph 14 Amendment 252 #
Motion for a resolution Paragraph 14 14. Takes the view that
Amendment 253 #
Motion for a resolution Paragraph 14 14. Takes the view that
Amendment 254 #
Motion for a resolution Paragraph 14 14.
Amendment 255 #
Motion for a resolution Paragraph 14 14. Takes the view that a timely agreement in the on-going negotiations on the revised European Fund for Strategic Investments (EFSI) could help to improve the effectiveness of this instrument and to address shortcomings experienced in its implementation so far by facilitating the financing of near viable projects with strong potential of spreading positive externalities and reducing negative externalities while respecting a strict enforcement of the additionnality concept;
Amendment 256 #
Motion for a resolution Paragraph 14 14. Takes the view that a timely agreement in the ongoing negotiations on the revised European Fund for Strategic Investments (EFSI) could help to improve the effectiveness of this instrument
Amendment 257 #
Motion for a resolution Paragraph 14 14. Takes the view that a timely agreement in the ongoing negotiations on the revised European Fund for Strategic Investments (EFSI)
Amendment 258 #
Motion for a resolution Paragraph 14 14. Takes the view that a timely agreement in the ongoing negotiations on the revised European Fund for Strategic Investments (EFSI) could help to improve the effectiveness of this instrument and to address shortcomings experienced in its implementation so far; stresses that geographical and sectorial coverage must by significantly improved in order to strengthen territorial and social cohesion and promote real convergence, as well as to achieve a more impactful macroeconomic effect;
Amendment 259 #
Motion for a resolution Paragraph 14 14. Takes the view that a timely agreement in the ongoing negotiations on the revised European Fund for Strategic Investments (EFSI) could help to improve the effectiveness of this instrument and to address shortcomings experienced in its implementation so far; Calls on the Commission to ensure that effective funding is redistributive between member- states, thereby contributing to the necessary upward convergence;
Amendment 26 #
Motion for a resolution Recital B B. whereas the euro area and EU28 unemployment rates were 9.3 % and 7.8 % respectively in April 2017, their lowest rates since March 2009 and December 2008; whereas significant differences in unemployment rates remain across the EU ranging between 3.2 % and 23.2 %; whereas the euro area and EU28 youth unemployment rates were still at high levels in April 2017, specifically 18,7% and 16,7%;
Amendment 260 #
Motion for a resolution Paragraph 14 14. Takes the view that a timely agreement in the ongoing negotiations on the revised European Fund for Strategic Investments (EFSI) could help to improve the effectiveness of this instrument and to address shortcomings experienced in its implementation so far; stresses the importance of EFSI-funded projects being truly additional in nature;
Amendment 261 #
Motion for a resolution Paragraph 14 a (new) 14 a. Points out that the interest rate is effectively the market price and that the manipulations of the ECB undermine its effectiveness as a pointer, thereby making investment decision-making extremely difficult;is concerned at disruption in the production structure caused by the sustained low-interest-rate policy;is convinced that many EFSI investments and investments in sectors affected by the low-interest-rate policy will soon prove unsustainable;
Amendment 262 #
Motion for a resolution Paragraph 14 a (new) 14a. Takes the view that the European Fund for Strategic Investments (EFSI) has proven to be an inadequate instrument to tackle the investment gap in the EU and to facilitate economic recovery;deplores in particular the emphasis on large infrastructure projects with a major environmental impact which have no real added value for the economy and society;
Amendment 263 #
Motion for a resolution Paragraph 14 a (new) 14 a. Considers that, after a long period of nominal adjustment, focus should be put on investments aimed at fostering a sustainable transition of Member States' economies towards a decarbonised economy and reduced use of natural resources, promoting fair and sustainable welfare systems and reducing social inequalities;
Amendment 264 #
Motion for a resolution Paragraph 14 a (new) 14 a. Stresses that SMEs are the backbone of the European economy, and therefore they have to be supported by increasing their access to finance and by fighting the business uncertainty connected to their activities, also in relation with dealing with bankruptcy;
Amendment 265 #
Motion for a resolution Paragraph 14 a (new) 14 a. Stresses that a fully functioning Capital Markets Union can, in a longer perspective, provide alternative financing to SMEs, complementing that of the banking sector;
Amendment 266 #
Motion for a resolution Paragraph 14 a (new) 14 a. Agrees with the Commission that in countries with excess savings and low investment, additional investments are needed to ensure future economic success;
Amendment 267 #
Motion for a resolution Paragraph 14 b (new) 14 b. Highlights that public and private investment is crucial to allow for the transition towards a low-carbon and circular economy;recalls the commitments of the European Union, particularly in the Paris Agreement, to finance the deployment of clean technologies, the scaling-up of renewable energies and energy efficiency, and the overall reduction of greenhouse gas emissions;
Amendment 268 #
Motion for a resolution Paragraph 14 c (new) 14 c. Signals that some country specific recommendations (CSR) address obstacles to investment which the local and regional authorities can help remove;
Amendment 27 #
Motion for a resolution Recital B B. whereas the euro area and EU28 unemployment rates were 9.3 % and 7.8 % respectively in April 2017, their lowest rates since March 2009 and December 2008, but still above the pre-crisis levels; whereas significant differences in unemployment rates remain across the EU ranging between 3.2 % and 23.2 %; whereas there is still a high share of involuntary part-time work;
Amendment 271 #
Motion for a resolution Paragraph 15 Amendment 272 #
Motion for a resolution Paragraph 15 Amendment 273 #
Motion for a resolution Paragraph 15 15. Considers that
Amendment 274 #
Motion for a resolution Paragraph 15 15. Considers that
Amendment 275 #
Motion for a resolution Paragraph 15 15. Considers that prudent fiscal policies play a fundamental role for the stability of the euro area and the Union as a whole;
Amendment 276 #
Motion for a resolution Paragraph 15 15. Considers that
Amendment 277 #
Motion for a resolution Paragraph 15 15. Considers that
Amendment 278 #
Motion for a resolution Paragraph 15 15. Considers that prudent fiscal policies play a fundamental role for the stability of the euro area and the Union as a whole; underlines that strong coordination of fiscal policies and compliance with the Union rules in this area are a legal requirement
Amendment 279 #
Motion for a resolution Paragraph 15 15. Considers that
Amendment 28 #
Motion for a resolution Recital B B. whereas the euro area and EU28 unemployment rates were 9.3 % and 7.8 % respectively in April 2017, their lowest rates since March 2009 and December 2008; whereas significant differences in unemployment rates remain across the EU ranging between 3.2 % and 23.2 %, due to the increasingly divergent path between economies within the Euro and Eurozone;
Amendment 280 #
Motion for a resolution Paragraph 15 15. Considers that
Amendment 281 #
Motion for a resolution Paragraph 15 15.
Amendment 282 #
Motion for a resolution Paragraph 15 – point a (new) (a) Notes that countries experiencing imbalances due to high current account surplus should make use of fiscal policy in order to achieve a sustained upward trend in investment and thus limit the negative spill-over effects to the rest of the euro area;
Amendment 283 #
Motion for a resolution Paragraph 15 a (new) 15 a. Considers that the fiscal policy rules in the euro area have lost all credibility;expects the rules currently in force to be broken as much as all those which preceded them;is disillusioned at the majority support, in spite of this history of rule-breaking, for a fiscal regime for the euro area which will institutionalise rule-breaking rather than prevent it;recommends that investors position themselves accordingly and continue to expect the rules to be broken;
Amendment 284 #
Motion for a resolution Paragraph 16 16.
Amendment 285 #
Motion for a resolution Paragraph 16 16.
Amendment 286 #
Motion for a resolution Paragraph 16 16.
Amendment 287 #
Motion for a resolution Paragraph 16 16. Welcomes the fact that deficits in the euro area are projected to decline;
Amendment 288 #
Motion for a resolution Paragraph 16 16. Welcomes the fact that deficits in the euro area are projected to decline;
Amendment 289 #
Motion for a resolution Paragraph 16 16.
Amendment 29 #
Motion for a resolution Recital B B. whereas the euro area and EU28 unemployment rates were 9.3 % and 7.8 % respectively in April 2017, their lowest rates since March 2009 and December 2008; whereas significant differences in unemployment rates remain across the EU ranging between 3.2 % and 23.2 %; whereas youth and long-term unemployment is still very high;
Amendment 290 #
Motion for a resolution Paragraph 16 16.
Amendment 291 #
Motion for a resolution Paragraph 16 16. Welcomes the fact that deficits in the euro area are projected to decline
Amendment 292 #
Motion for a resolution Paragraph 16 16.
Amendment 293 #
Motion for a resolution Paragraph 16 16. Welcomes the fact that deficits in the euro area are projected to decline; is concerned, however, that
Amendment 294 #
Motion for a resolution Paragraph 16 16. Welcomes the fact that deficits in the euro area are projected to decline; is concerned, however, that this process is slowing down and agrees that government debt remains too high in
Amendment 295 #
Motion for a resolution Paragraph 16 16. Welcomes the fact that government deficits in the euro area are projected to decline;
Amendment 296 #
Motion for a resolution Paragraph 16 16. Welcomes the fact that deficits in the euro area
Amendment 297 #
Motion for a resolution Paragraph 16 16. Welcomes the fact that deficits in
Amendment 298 #
Motion for a resolution Paragraph 16 16. Welcomes the fact that deficits in the euro area are projected to decline; is concerned, however, that this process is slowing down and agrees that government debt remains too high in some Member States impeding on investment and growth and making them vulnerable to interest rate shocks;
Amendment 299 #
Motion for a resolution Paragraph 16 16. Welcomes
Amendment 3 #
Motion for a resolution Citation 1 a (new) - having regard to the Commission communication (2016)0727 of 16 November 2016,
Amendment 30 #
Motion for a resolution Recital B B. whereas the euro area and EU28 unemployment rates were 9.3 % and 7.8 % respectively in April 2017, their lowest rates since March 2009 and December 2008; whereas significant differences in unemployment rates and more specifically on youth unemployment remain across the EU ranging between 3.2 % and 23.2 %;
Amendment 300 #
Motion for a resolution Paragraph 16 16. Welcomes the fact that deficits in the euro area are projected to decline; is concerned, however, that this process is slowing down and agrees that government and private debt remains too high in some Member States;
Amendment 301 #
Motion for a resolution Paragraph 16 a (new) 16 a. Agrees with the Commission that, when taking policy measures to achieve the recommended budgetary adjustments under the preventive arm of the Stability and Growth Pact, Member States should give serious consideration to the need to keep supporting the economic recovery and the potential impacts on employment;
Amendment 302 #
Motion for a resolution Paragraph 16 b (new) 16 b. Incentivizes all Member States to step up their efforts towards achieving a more growth-friendly composition of fiscal policies;supports rational and country-specific efforts towards improving the quality, efficiency and growth-friendly character of public expenditure, especially by shifting unproductive expenses towards growth enhancing investments, but without jeopardizing the essential provision of public and social services;
Amendment 303 #
Motion for a resolution Paragraph 17 17.
Amendment 304 #
Motion for a resolution Paragraph 17 Amendment 305 #
Motion for a resolution Paragraph 17 17. Warns that low interest rate payments, accommodative monetary policies, one-off measures and other factors alleviating the current debt burden are only temporary and that sound fiscal policies must
Amendment 306 #
Motion for a resolution Paragraph 17 17. Warns that low interest rate payments, accommodative monetary policies, one-off measures and other factors alleviating the current debt burden are only temporary and that
Amendment 307 #
Motion for a resolution Paragraph 17 17. Warns that low interest rate payments, accommodative monetary policies, one-off measures and other factors alleviating the current debt burden are only temporary and that
Amendment 308 #
Motion for a resolution Paragraph 17 17. Warns that low interest rate payments, accommodative monetary policies, one-off measures and other factors alleviating the current debt burden are only temporary and that
Amendment 309 #
Motion for a resolution Paragraph 17 17. Warns that low interest rate payments, accommodative monetary policies, one-off measures and other factors alleviating the current debt burden are only temporary and that sound fiscal policies must be self-sustaining and take into account future liabilities; seriously questions whether the aforementioned measures fall within the scope of the mandate of the European Central Bank of maintaining price stability;
Amendment 31 #
Motion for a resolution Recital B a (new) B a. whereas employment in the euro area – nearly a decade after the global financial crisis – is still below the pre- crisis levels, although some further growth is projected;whereas the EU needs an inclusive labour market which helps fight inequality;
Amendment 310 #
Motion for a resolution Paragraph 17 17.
Amendment 311 #
Motion for a resolution Paragraph 17 17. Warns that low interest rate payments, accommodative monetary policies, one-off measures and other factors alleviating the current debt burden are only temporary and that sound fiscal policies must be self-sustaining and take into account future liabilities; points out that the possibility of rising costs of debt service underlines the importance of bringing down overall debt levels;
Amendment 312 #
Motion for a resolution Paragraph 17 a (new) 17 a. Does not expect the European Central Bank to change its policy in the future; rather, anticipates that it will continue to pursue fiscal policy in the guise of monetary policy;does not assume that it will raise interest rates in the euro area, although all indicators suggest that they should be higher;takes the view that this is because the ECB does not pursue a monetary policy for the euro area as a whole but protects the interests of certain euro area members;reminds the politicians that they paved the way for this breach of the mandate by dismissing the idea of structural reform and not demanding such reform now;
Amendment 313 #
Motion for a resolution Paragraph 18 Amendment 314 #
Motion for a resolution Paragraph 18 Amendment 315 #
Motion for a resolution Paragraph 18 18. Underlines that the
Amendment 316 #
Motion for a resolution Paragraph 18 18. Underlines that
Amendment 317 #
Motion for a resolution Paragraph 18 18. Underlines that the fiscal stances at national and euro-area level must balance the long-term sustainability of public finances
Amendment 318 #
Motion for a resolution Paragraph 18 18. Underlines that, given the fiscal stances at national and euro-area level
Amendment 319 #
Motion for a resolution Paragraph 18 18. Underlines that the fiscal stances at national and euro-area level must b
Amendment 32 #
Motion for a resolution Recital B a (new) B a. whereas global economic growth is still fragile and the euro area economy is faced with increased uncertainty and important internal and external political challenges;
Amendment 320 #
Motion for a resolution Paragraph 18 18. Underlines that the fiscal stances at national and euro-area level must balance the long-term sustainability of public finances
Amendment 321 #
Motion for a resolution Paragraph 18 18. Underlines that the fiscal stances at national and euro-area level must balance the long-term sustainability of public finances
Amendment 322 #
Motion for a resolution Paragraph 18 18. Underlines that the fiscal stances at national and euro-area level must balance the long-term sustainability of public finances in full compliance with the Stability and Growth Pact with short-term
Amendment 323 #
Motion for a resolution Paragraph 18 18. Underlines that the fiscal stances at national and euro-area level must balance the long-term sustainability of public finances in full compliance with the Stability and Growth Pact with short-term macroeconomic stabilisation; stresses that Member States which did not comply with the fiscal rules of the SGP were more vulnerable and could not effectively handle economic shocks during the financial crisis;
Amendment 324 #
Motion for a resolution Paragraph 18 18. Underlines that the fiscal stances at national and euro-area level must balance the long-term sustainability of public finances in full compliance with the Stability and Growth Pact, including the provision made for flexibility, with short- term
Amendment 325 #
Motion for a resolution Paragraph 18 a (new) 18 a. Believes the EU budget could help relieve the strain on national budgets by collecting own resources instead of relying extensively on national contributions;stresses that greater integration within the euro area is indispensable and that the creation of a budgetary capacity to absorb economic shocks, mitigate asymmetries and foster convergence is a key element in the completion of the EMU;
Amendment 326 #
Motion for a resolution Paragraph 18 a (new) 18 a. Calls for the introduction of a European Unemployment Insurance Scheme, combining a self-insurance mechanism that ensures counter-cyclical behaviour across the business cycle with a catastrophe insurance as a solidarity mechanism for extreme crises;
Amendment 328 #
Motion for a resolution Paragraph 19 Amendment 329 #
Motion for a resolution Paragraph 19 Amendment 33 #
Motion for a resolution Recital C C. whereas the E
Amendment 330 #
Motion for a resolution Paragraph 19 Amendment 331 #
Motion for a resolution Paragraph 19 19. Points out that the
Amendment 332 #
Motion for a resolution Paragraph 19 19. Points out that the current aggregate fiscal stance for the euro is broadly neutral
Amendment 333 #
Motion for a resolution Paragraph 19 19.
Amendment 334 #
Motion for a resolution Paragraph 19 19. Points out that the current aggregate fiscal stance for the euro is broadly neutral and
Amendment 335 #
Motion for a resolution Paragraph 19 19. Points out that the current aggregate fiscal stance for the euro is broadly neutral and does not present
Amendment 336 #
Motion for a resolution Paragraph 19 19. Points out that the current aggregate fiscal stance for the euro is broadly neutral and presents an appropriate balance of debt sustainability requirements with support for investment; in this context, welcomes the first assessment of the prospective fiscal stance appropriate for the euro area by the independent European Fiscal Board (EFB) and notes that the EFB recommends a neutral fiscal stance for the euro area as a whole and does not support a case for discretionary fiscal expansion;
Amendment 337 #
Motion for a resolution Paragraph 19 a (new) 19 a. Recalls the assessment of the European Fiscal Board of 20 June 2017, which concludes that in 2018 there is neither the case for a discretionary fiscal impulse nor for a fiscal contraction;supports its recommendation to recompose government expenditure towards higher investment spending in full compliance with the SGP;
Amendment 338 #
Motion for a resolution Paragraph 20 20. Emphasises,
Amendment 339 #
Motion for a resolution Paragraph 20 20. Emphasises, however, that the aggregate view ignores the heterogeneous situation across Member States and the need to
Amendment 34 #
Motion for a resolution Recital C C. whereas the
Amendment 340 #
Motion for a resolution Paragraph 20 20. Emphasises, however, that the aggregate view ignores the heterogeneous situation across Member States
Amendment 341 #
Motion for a resolution Paragraph 20 20. Emphasises
Amendment 342 #
Motion for a resolution Paragraph 20 20. Emphasises, however, that the aggregate view
Amendment 343 #
Motion for a resolution Paragraph 20 20. Emphasises, however, that the aggregate view ignores the heterogeneous situation across Member States and the need to differentiate the fiscal efforts
Amendment 344 #
Motion for a resolution Paragraph 20 20. Emphasises, however, that the aggregate view ignores the heterogeneous situation across Member States and the need to differentiate the fiscal efforts required by each Member State; emphasises that the concept of an aggregate fiscal stance must not imply that surpluses and deficits in different Member States can offset each other;
Amendment 345 #
Motion for a resolution Paragraph 20 a (new) Amendment 346 #
Motion for a resolution Paragraph 20 a (new) 20 a. Agrees that a better coordination of the implementation of structural reforms, in particular through the improved implementation of and commitment to the country specific recommendations by the Member States, would create positive spill over effects;
Amendment 347 #
Motion for a resolution Paragraph 20 a (new) 20 a. Stresses that, within the existing rules of the Stability and Growth Pact, euro area Member States that have fiscal scope are therefore recommended to use it to support domestic demand, notably investment in infrastructure, research and innovation;
Amendment 348 #
Motion for a resolution Paragraph 20 a (new) 20a. Recommends setting up a specific programme to assist Member States seeking to leave the euro area, either because they themselves have decided to do so or because their membership has become untenable ;
Amendment 349 #
Motion for a resolution Paragraph 20 b (new) 20b. Considers, however, that, in the absence of adequate compensation schemes, for some countries a departure from monetary union would become an unavoidable option as a way of overcoming the crisis and promoting the recovery of their own economy;considers, in this context, that a democratic procedure urgently needs to be introduced to permit Member States to decide whether to leave or to remain outside monetary union, on the basis of appropriate termination and opt-out clauses;
Amendment 35 #
Motion for a resolution Recital C C. whereas the EU’s excessively low productivity and global competitiveness calls for
Amendment 350 #
Motion for a resolution Paragraph 20 b (new) 20 b. Deplores the fact that, contrary to other unified currency areas around the world, the EU's current fiscal framework contains no rules or instruments to directly manage the aggregate fiscal stance of the euro area;
Amendment 351 #
Motion for a resolution Paragraph 20 b (new) 20 b. Welcomes the timely publication of the implementation of the 2016 country specific recommendations (CSR) and the presentation of the 2017 draft country specific recommendations by the Commission;
Amendment 352 #
Motion for a resolution Paragraph 20 c (new) 20 c. Notes positively that over time Member States have made progress with two thirds of the recommendations;takes however the view that the implementation of the CSRs is still lagging behind and expects a greater commitment by Member States to take the necessary policy actions based on the agreed CSRs;
Amendment 353 #
Motion for a resolution Paragraph 20 d (new) 20 d. Is looking forward to the upcoming work of the EFB also regarding its other key task to assess the application of the EU fiscal rules and the upcoming annual report announced for autumn;
Amendment 354 #
Motion for a resolution Paragraph 20 e (new) 20 e. Reminds of the uncertainties surrounding fiscal stance assessment and points out that any policy recommendation regarding the euro area fiscal stance should err on the side of caution;
Amendment 355 #
Motion for a resolution Paragraph 20 c (new) 20 c. Notes that around two thirds of the country-specific recommendations issued until 2016 have been implemented with at least 'some progress';
Amendment 356 #
Motion for a resolution Paragraph 21 Amendment 357 #
Motion for a resolution Paragraph 21 21. Re
Amendment 358 #
Motion for a resolution Paragraph 21 21. Recognises that Member States have made progress in the area of fiscal policy
Amendment 359 #
Motion for a resolution Paragraph 21 21. Recognises that Member States have made progress in the area of fiscal policy and active labour market policies, while
Amendment 36 #
Motion for a resolution Recital C C. whereas the EU
Amendment 360 #
Motion for a resolution Paragraph 21 21. Recognises that Member States have
Amendment 361 #
Motion for a resolution Paragraph 21 21. Recognises that Member States have made progress in the area of fiscal policy and active labour market policies, while least progress was made in areas such as competition in services
Amendment 362 #
Motion for a resolution Paragraph 21 a (new) 21 a. Welcomes that the recommendations by the Commission for the CSR include now for the first time limits to nominal growth rate of net primary government expenditure and the corresponding annual structural adjustment of GDP, based on the commonly agreed adjustment matrix;
Amendment 363 #
Motion for a resolution Paragraph 21 a (new) 21a. Considers it necessary to enhance and supplement internal market cohesion and freedom of movement in line with the specific recommendations for each Member State;
Amendment 364 #
Motion for a resolution Paragraph 21 a (new) 21 a. Invites the Commission to draft a proposal regarding the fiscal capacity of the Eurozone;
Amendment 365 #
Motion for a resolution Paragraph 21 b (new) 21 b. Agrees with the Commision´s Communication (2016)0727 of 16 November 2016 that states that 'In light of the slow recovery and risks in the macroeconomic environment, there is a case for a moderately expansionary fiscal stance for the euro area at this point in time.Based on estimates from the Commission services, a fiscal expansion of up to 0.5% of GDP at the level of the euro area as a whole is considered desirable for 2017 in the present circumstances'.This fiscal expansion is roughly equivalent to EUR 50 billion;
Amendment 366 #
Motion for a resolution Paragraph 22 22.
Amendment 367 #
Motion for a resolution Paragraph 22 22. Takes note of the Commission
Amendment 368 #
Motion for a resolution Paragraph 22 22. Takes note of the Commission’s recommendation to close the Excessive Deficit Procedures for several Member States;
Amendment 369 #
Motion for a resolution Paragraph 22 22.
Amendment 37 #
Motion for a resolution Recital C C. whereas the EU
Amendment 370 #
Motion for a resolution Paragraph 22 22. Takes note of the Commission
Amendment 371 #
Motion for a resolution Paragraph 22 22. Takes note of the Commission’s recommendation to close the Excessive Deficit Procedures for several Member States; welcomes past and ongoing fiscal and reform efforts, yet insists that these efforts will need to continue
Amendment 372 #
Motion for a resolution Paragraph 22 22. Takes note of the Commission’s recommendation to close the Excessive Deficit Procedures for several Member States; welcomes past and ongoing fiscal and reform efforts, yet insists that these efforts will need to continue to ensure the
Amendment 373 #
Motion for a resolution Paragraph 22 22. Takes note of the Commission
Amendment 374 #
Motion for a resolution Paragraph 23 23. Notes that the in-depth analysis conducted by the Commission in 2017 under the Macroeconomic Imbalance Procedure shows that 12 Member States are experiencing macroeconomic imbalances
Amendment 375 #
Motion for a resolution Paragraph 23 23.
Amendment 376 #
Motion for a resolution Paragraph 23 23. Notes that 12 Member States are experiencing macroeconomic imbalances of varying nature and severity, while excessive imbalances exist in six Member States; takes note of the Commission's conclusion that there are currently no analytical grounds for stepping up the macroeconomic imbalance procedure for any Member State;
Amendment 377 #
Motion for a resolution Paragraph 23 23. Notes that 12 Member States are experiencing macroeconomic imbalances of varying nature and severity, and that excessive current account deficits are just the reversal of excessive current account surpluses, while excessive imbalances exist in six Member States;
Amendment 378 #
Motion for a resolution Paragraph 23 23. Notes with concern that 12 Member States are experiencing macroeconomic imbalances of varying nature and severity, while excessive imbalances exist in six Member States;
Amendment 379 #
Motion for a resolution Paragraph 24 24. Highlights th
Amendment 38 #
Motion for a resolution Recital C C. whereas the EU’s excessively low productivity and global competitiveness calls for socially balanced structural reforms,
Amendment 380 #
Motion for a resolution Paragraph 24 24. Highlights that the macroeconomic imbalance procedure is aimed at
Amendment 381 #
Motion for a resolution Paragraph 24 24. Highlights that the macroeconomic imbalance procedure is aimed at preventing imbalances within and between Member States with a view to avoiding negative spill-over effects to other Member States; Considers that excessive current account surpluses are just as harmful to the Eurozone as unsustainable public debts; Notes that persistent current account surpluses signal a beggar-thy-neighbour dynamic which has detrimental effects both to specific member-states and the Eurozone as a hole; reminds that external imbalances are a symptom of unresolved deficiencies in the Eurozone design, which must be urgently tackled;
Amendment 382 #
Motion for a resolution Paragraph 24 24. Highlights that the macroeconomic imbalance procedure is aimed at preventing imbalances within Member States, particularly excessive current-account surpluses, with a view to avoiding negative spill-over effects to other Member States and to the economic stability of the euro area; expresses its concern about the fact that the corrective arm provided for by the procedure has never been used;
Amendment 383 #
Motion for a resolution Paragraph 24 24. Highlights that the macroeconomic imbalance procedure (MIP) is aimed at preventing imbalances within Member States with a view to avoiding negative spill-over effects to other Member States;
Amendment 384 #
Motion for a resolution Paragraph 24 a (new) 24 a. Is convinced that these macroeconomic imbalances are the price to be paid for the euro and must be accepted as such, as they take the place of the traditional aligning of exchange rates in a fixed rate regime such as the euro, thereby indicating where national economies are particularly uncompetitive;stresses in this context that all euro area countries have had ample time since 2012 to make the crucial adjustments;
Amendment 385 #
Motion for a resolution Paragraph 24 a (new) 24 a. Reminds that the Excessive Imbalance Procedure (EIP) is an enhanced surveillance mechanism to ensure compliance with the MIP;is of the view that EIP should be consistently applied to countries that significantly and constantly experience imbalances and fail to take adequate actions to correct them, regardless of the type of imbalances;
Amendment 386 #
Motion for a resolution Paragraph 25 Amendment 387 #
Motion for a resolution Paragraph 25 25. Considers
Amendment 388 #
Motion for a resolution Paragraph 25 25. Considers it of great importance therefore that all Member States which have greater room for manoeuvre take the necessary policy action to address imbalances, in particular
Amendment 389 #
Motion for a resolution Paragraph 25 25. Considers it of great importance therefore that all Member States take the necessary policy action to address
Amendment 39 #
Motion for a resolution Recital C C. whereas the EU
Amendment 390 #
Motion for a resolution Paragraph 25 25. Considers it of great importance therefore that all Member States take the necessary policy action to address i
Amendment 391 #
Motion for a resolution Paragraph 25 25. Considers it of great importance therefore that all Member States take the necessary policy action to address imbalances, in particular high levels of indebtedness, and commit to
Amendment 392 #
Motion for a resolution Paragraph 25 25. Considers it
Amendment 393 #
Motion for a resolution Paragraph 25 25. Considers it of great importance therefore that all Member States take the necessary policy action to address imbalances, in particular high levels of indebtedness and excessive current- account surpluses, and commit to structural reforms ensuring the economic sustainability of each individual Member State, thereby ensuring the overall
Amendment 394 #
Motion for a resolution Paragraph 25 25. Considers it of great importance therefore that all Member States take the necessary policy action to address imbalances, in particular high levels of indebtedness
Amendment 395 #
Motion for a resolution Paragraph 25 25. Considers it of great importance therefore that all Member States take the necessary policy action to address imbalances, in particular high levels of indebtedness
Amendment 396 #
Motion for a resolution Paragraph 25 25. Considers it of great importance therefore that all Member States take the necessary policy action to address imbalances, in particular high levels of indebtedness
Amendment 397 #
Motion for a resolution Paragraph 25 25. Considers it of great importance therefore that all Member States take the necessary policy action to address imbalances, in particular high levels of indebtedness, and commit to structural reforms, with due regard for social policy aspects, ensuring the economic sustainability of each individual Member State, thereby ensuring the overall competitiveness and resilience of the European economy;
Amendment 398 #
Motion for a resolution Paragraph 25 25. Considers it of great importance therefore that all Member States take the necessary policy action to address imbalances, in particular high levels of indebtedness and account surpluses, and commit to structural reforms ensuring the economic sustainability of each individual Member State, thereby ensuring the overall competitiveness and resilience of the European economy;
Amendment 399 #
Motion for a resolution Paragraph 25 25. Considers it of great importance
Amendment 4 #
Motion for a resolution Citation 1 b (new) - having regard to the Protocol (No 2) of the Treaty on the Functioning of the European Union (TFEU) on the application of the principles of subsidiarity and proportionality,
Amendment 40 #
Motion for a resolution Recital C C. whereas the EU’s excessively low productivity and global competitiveness calls for
Amendment 400 #
Motion for a resolution Paragraph 25 a (new) 25a. Considers that the inability of Member States to conduct effective economic policies against the crisis and unemployment is largely due to the unsustainable economic constraints derived from the legal framework of the EU, which hamper economic recovery and aggravate the recession;stresses therefore the urgent need to work towards a radical revision of the EU's current economic governance rules, particularly the Treaties, the Six Pack and the Two Pack, and to revoke the Fiscal Compact, in order to restore governments' ability to tackle the crisis and pursue policies appropriate to the specific requirements of their area and people;
Amendment 401 #
Motion for a resolution Paragraph 25 a (new) 25a. Considers it crucial for the euro area to be equipped with a mechanism for dealing with sovereign default;stresses that the euro area needs an exclusion mechanism and a withdrawal mechanism;notes that the stability of a currency does not mean its political imposition in a particular geographical area but the long-term conservation of its purchasing power;
Amendment 402 #
Motion for a resolution Paragraph 25 a (new) 25 a. Considers that the implementation of country-specific recommendations launched in the framework of the European Semester is crucial to addressing imbalances in the Euro area;notes that the voluntary nature for the implementation of the recommendations represents a vulnerability for the Euro area as a whole;calls on the Commission to make the country-specific recommendations binding;
Amendment 403 #
Motion for a resolution Paragraph 25 a (new) 25 a. Urges the Commission to consistently and vigorously enforce the existing macroeconomic governance rules to all Member States, regardless of the type of imbalances;notes that increased tolerance for breaches of rules risks undermining the effectiveness of the existing economic governance framework;
Amendment 404 #
Motion for a resolution Paragraph 25 a (new) 25 a. Notes with concern the increasing economic impact of growing corruption in some Member States and asks the Commission to specifically monitor this situation through the Country-specific Recommendations;
Amendment 405 #
Motion for a resolution Paragraph 25 a (new) 25 a. Highlights the importance of national parliaments debating country reports and country-specific recommendations, as well as national reform programmes and stability programmes;
Amendment 406 #
Motion for a resolution Paragraph 25 b (new) 25 b. Regrets that, contrary to the demand of the European Parliament Resolution on the 2016 Annual Growth Survey, environmental fiscal reforms are not properly addressed in country-specific recommendations;
Amendment 407 #
Motion for a resolution Paragraph 25 b (new) 5b. Opposes the incorporation of the Fiscal Compact into the legal framework of the Union, and calls on Member States to terminate that agreement;
Amendment 408 #
Motion for a resolution Paragraph 25 c (new) 25 c. Highlights the importance of renewable energy sources, greater resource and energy efficiency, including through the development of the circular economy;calls on the Commission to include country specific recommendations in these areas;
Amendment 41 #
Motion for a resolution Recital C C. whereas the EU’s excessively low productivity and global competitiveness calls for structural reforms, continued fiscal efforts and investment in Member States as well as massive deregulation, a reduction of bureaucracy and a return to the subsidiarity principle on the part of the EU in order to bring about sustained growth and employment and achieve upward convergence with other global economies and within the EU;
Amendment 42 #
Motion for a resolution Recital C C. whereas the EU
Amendment 43 #
Motion for a resolution Recital C C. whereas
Amendment 44 #
Motion for a resolution Recital C a (new) C a. whereas monetary policy designed to fight deflationary risks played a key role in stabilizing the euro area as a collateral benefit in recent years, monetary policy in the coming years will need to control inflationary pressures which will present a renewed challenge of fiscal sustainability for countries with below average growth rates and above average debt levels;
Amendment 45 #
Motion for a resolution Recital C a (new) Ca. whereas the current account surpluses in some countries continue to far exceed economic fundamentals and to exceed the alert threshold of 6% of GDP for current account surpluses provided for by the Macroeconomic Imbalance Procedure;whereas in particular the large current account surplus in Germany further increased during 2015 and 2016, attaining nearly 9% of GDP, due to a constant increase in the balance in previous years;
Amendment 46 #
Motion for a resolution Recital C a (new) C a. whereas in 2016 only 2 % of country-specific-recommendations (CSRs) have been fully implemented, 43 % with some progress and 45 % with limited or no progress;
Amendment 47 #
Motion for a resolution Recital C a (new) C a. recalls that the euro is the currency of the European Union;
Amendment 48 #
Motion for a resolution Recital C a (new) C a. whereas the euro area is still facing a significant 'investment gap';
Amendment 49 #
Motion for a resolution Recital C b (new) Cb. whereas the single currency prevents normal competitiveness adjustments between countries by means of fluctuations in exchange rates and deprives them of basic economic policy tools to absorb economic shocks, thus obstructing recovery and exacerbating the disparities and imbalances between countries at the centre and on the periphery;
Amendment 5 #
Motion for a resolution Citation 1 b (new) - having regard to the Occasional Paper No 182 on a 'Euro area fiscal stance' by the European Central Bank of January 2017,
Amendment 50 #
Motion for a resolution Recital C b (new) C b. reminds that all Member States without a derogation shall adopt the euro upon meeting the economic and legal criteria;
Amendment 51 #
Motion for a resolution Recital C b (new) C b. whereas aggregate demand in the euro area is sluggish and inflation remains below target;
Amendment 52 #
Motion for a resolution Recital C c (new) Cc. whereas the austerity policies which for years have been promoted by the Commission have had a very depressing and destabilising impact on the economy, causing domestic demand to collapse, and bringing about rapid rises in unemployment, poverty and socioeconomic diparities;
Amendment 53 #
Motion for a resolution Recital C c (new) C c. considers that All Member States without a derogation shall actively implement all necessary policy measures in order to meet the economic and legal criteria for the adoption of the single currency;
Amendment 54 #
Motion for a resolution Recital C c (new) C c. whereas private consumption remains the key driver of growth;
Amendment 55 #
Motion for a resolution Recital C d (new) C d. considers that after the 2019 elections to the European Parliament, all MEPs elected in Member States that have not yet adopted the euro shall voluntarily refrain from participating in votes regarding Eurozone affairs;
Amendment 56 #
Motion for a resolution Recital C d (new) C d. whereas some Member States continue to accumulate high current account surpluses, which goes counter and makes it more difficult to achieve the goal of economic growth;
Amendment 57 #
C e. welcomes the policies adopted by the European Central Bank in support of the single currency and economic recovery since August 2012;
Amendment 58 #
Motion for a resolution Recital C f (new) C f. considers that the main goal of the economic policy of the Eurozone is achieving full employment as a guarantee of decent living standards while reducing divergences among Member States;
Amendment 59 #
Motion for a resolution Paragraph 1 1.
Amendment 6 #
Motion for a resolution Citation 1 b (new) Amendment 60 #
Motion for a resolution Paragraph 1 1.
Amendment 61 #
Motion for a resolution Paragraph 1 1.
Amendment 62 #
Motion for a resolution Paragraph 1 1. Welcomes the
Amendment 63 #
Motion for a resolution Paragraph 1 1.
Amendment 64 #
1. Welcomes the
Amendment 65 #
Motion for a resolution Paragraph 1 1.
Amendment 66 #
Motion for a resolution Paragraph 1 1. Welcomes the good performance of the European economy, supported by moderate GDP growth and decreasing, yet still high, unemployment rates; notes that the modest recovery remains fragile and that the
Amendment 67 #
Motion for a resolution Paragraph 1 1. Welcomes the good performance of the European economy, supported by moderate GDP growth and decreasing, yet still high, unemployment rates; notes that the modest recovery remains fragile and that the development of GDP per capita is close to stagnation; finds that the gap between the per capita GDP of the EU and of emerging countries has narrowed dramatically; notes that this is not only because of favourable economic conditions in emerging countries but also as a result of unfavourable conditions in the EU;
Amendment 68 #
Motion for a resolution Paragraph 1 1. Welcomes the good performance of the European economy, supported by moderate GDP growth and decreasing, yet still high, unemployment rates; notes that the modest recovery remains fragile and that the development of GDP per capita is close to stagnation; notes with concern that debt levels in many Member States remain far in excess of the threshold as specified in the stability and growth pact;
Amendment 69 #
Motion for a resolution Paragraph 1 1. Welcomes the good performance of the European economy, supported by moderate GDP growth and decreasing, yet still high, unemployment rates; considers that the positive trend is due to the right policy mix in the past years; notes that the modest recovery, however, remains fragile and that the development of GDP per capita is close to stagnation;
Amendment 7 #
Motion for a resolution Citation 1 c (new) - having regard to Commission Recommendation 2010/191/EU of 22 March 2010 on the legal tender of the euro,
Amendment 70 #
Motion for a resolution Paragraph 1 1. Welcomes the good performance of
Amendment 71 #
Motion for a resolution Paragraph 1 1. Welcomes the good performance of the European economy, supported by moderate GDP growth and decreasing, yet still high, unemployment rates; notes that the modest recovery remains uneven, fragile and that the development of GDP per capita is close to stagnation;
Amendment 72 #
Motion for a resolution Paragraph 1 a (new) 1 a. Underlines that the still-too-high unemployment rates, particularly in some member States and especially for youth unemployment, show that the capacity to create quality employment in several Member States is still limited, and emphasises that further action is needed, in consultation with the social partners, in order to step up investment in skills, make labour markets more inclusive and reduce social exclusion and growing inequalities in income and wealth;
Amendment 73 #
Motion for a resolution Paragraph 1 a (new) 1 a. Underlines nevertheless that there should be no complacency on the current state of play as macroeconomic and financial imbalances remain wide and the EMU still needs ambitious and far reaching reforms of its economic governance in order to fulfil the necessary conditions for its medium to long-term sustainability;
Amendment 74 #
Motion for a resolution Paragraph 1 a (new) 1 a. Notes with concern that GDP and productivity growth rates remain below full potential and that there is therefore no time for complacency, and that this moderate recovery requires relentless efforts if it is to achieve greater resilience through higher growth and employment;
Amendment 75 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is the result of the heterogeneous
Amendment 76 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential
Amendment 77 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is
Amendment 78 #
Motion for a resolution Paragraph 2 2. Notes that
Amendment 79 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is the result of the heterogeneous performance of the Member States
Amendment 8 #
Motion for a resolution Citation 1 d (new) - having regard to Article 128(1) of the Treaty on the Functioning of the European Union,
Amendment 80 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is the result of the heterogeneous performance of the Member States
Amendment 81 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is the result of the heterogeneous performance of the Member States
Amendment 82 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is the result of the heterogeneous performance of the Member States’ economies; emphasises that the implementation of structural reforms in the Member States could facilitate
Amendment 83 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is the result of the heterogeneous performance of the Member States’ economies; emphasises that the implementation of structural reforms in the Member States could facilitate at least
Amendment 84 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is the result of the heterogeneous performance of the Member States’ economies; emphasises that the implementation of structural reforms in the Member States could facilitate at least 1 % higher growth; underlines in this regard as a key priority to tackle the investment gap as well as to step up the fight against tax avoidance,tax evasion and corruption.
Amendment 85 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is the result of the heterogeneous performance of the Member States’ economies; emphasises that the implementation of structural reforms in the Member States could facilitate at least 1 % higher growth, as already evidenced in certain Member States;
Amendment 86 #
Motion for a resolution Paragraph 2 2. Notes that Europe harbours untapped economic potential as growth and employment are advancing unevenly; underlines that this is the result of the heterogeneous performance of the Member States’ economies; emphasises that the implementation of socially balanced structural reforms in the Member States could facilitate at least 1 % higher growth;
Amendment 87 #
Motion for a resolution Paragraph 2 a (new) 2 a. Calls on the Commission and the Member States to consider the challenges linked to ageing societies as a matter of priority;
Amendment 88 #
Motion for a resolution Paragraph 3 Amendment 89 #
Motion for a resolution Paragraph 3 3. Takes the view that a greater degree of upward convergence would be needed to sustain the economic recovery in the EU and the euro area in the longer term; considers there is an urgent need to tackle the significant imbalances that persist within the euro area and the EU more generally, namely the fact that in many cases convergence among and within the Member States is stalled; notes that high current account surpluses imply the possibility of boosting domestic demand; urges Member States with fiscal space to expand their domestic demand for their own and general benefit;
Amendment 9 #
Motion for a resolution Citation 7 a (new) Amendment 90 #
Motion for a resolution Paragraph 3 3. Takes the view that
Amendment 91 #
Motion for a resolution Paragraph 3 3. Takes the view that a greater degree of upward convergence would be needed to sustain the economic recovery in the EU and the euro area in the longer term; considers that upward convergence should be guided by a set of economic, social and environmental indicators to ensure sustainable and inclusive growth;
Amendment 92 #
Motion for a resolution Paragraph 3 3. Takes the view that a greater degree of upward convergence would be needed to sustain the economic recovery in the EU and the euro area in the longer term; is concerned that the desire for upward convergence by means of structural reform is not shared by all;
Amendment 93 #
Motion for a resolution Paragraph 3 3. Takes the view that a greater degree of upward convergence
Amendment 94 #
Motion for a resolution Paragraph 3 3. Takes the view that a greater degree of upward convergence improving overall competitiveness would be needed to sustain the economic recovery in the EU and the euro area in the longer term;
Amendment 95 #
Motion for a resolution Paragraph 3 3. Takes the view that a greater degree of upward social and economic convergence would be needed to
Amendment 96 #
Motion for a resolution Paragraph 3 a (new) 3a. Points out that cohesion policy is the EU's principal investment activity, seeking to promote job creation, business competitiveness, economic growth and sustainable development, while improving the quality of life of citizens in all regions and municipalities of the European Union;
Amendment 97 #
Motion for a resolution Paragraph 4 4. Considers that
Amendment 98 #
Motion for a resolution Paragraph 4 4.
Amendment 99 #
Motion for a resolution Paragraph 4 4. Considers that for this to materialise the structural conditions for
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