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25"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"257","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Markus Ferber","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-49","justification":"This analysis is flawed as it neglects the failure of Member States to build up sufficient fiscal\nbuffers.","location":[["Proposal for a regulation","Recital 4"]],"meps":[1917],"meta":{"created":"2019-07-03T06:05:57"},"new":["deleted"],"old":["(4) The unprecedented financial crisis","and economic downturn that hit the world","and the euro area has shown that in the","euro area available instruments such as","the single monetary policy, automatic","fiscal stabilisers and discretionary fiscal","policy measures at national level are","insufficient to absorb large asymmetric","shocks."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"49","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Martin Schirdewan","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-258","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point d"]],"meps":[190517],"meta":{"created":"2019-07-03T06:05:57"},"new":["deleted"],"old":["(d) two successive decisions of the","Council in the same imbalance procedure","in accordance with Article 10(4) of","Regulation (EU) No 1176/2011 of the","European Parliament and of the Council","having established non-compliance by the","Member State concerned on grounds that","it has not taken the recommended","corrective action in the two years prior to","requesting support from the EISF;"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"258","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-50","location":[["Proposal for a regulation","Recital 4"]],"meps":[124820],"meta":{"created":"2019-07-03T06:05:57"},"new":["(4) The financial crisis was a huge","symmetric shock which had a negative","impact on all euro area countries and on","almost all other countries in the world.","Countries recovered from the ensuing","economic downturn at very different","speeds depending on the structural","characteristics of their economies and the","economic policies enacted in response to","the common shock. The single currency","clearly aggravated the recovery for euro","area countries whose competitiveness on","international markets was low."],"old":["(4) The unprecedented financial crisis","and economic downturn that hit the world","and the euro area has shown that in the","euro area available instruments such as","","the single monetary policy, automatic","fiscal stabilisers and discretionary fiscal","policy measures at national level are","insufficient to absorb large asymmetric","shocks."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"50","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-259","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point d"]],"meps":[124820],"meta":{"created":"2019-07-03T06:05:57"},"new":["(d) two successive decisions of the","Council in the same imbalance 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H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-51","location":[[" Proposal for a regulation","Recital 4"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:05:57"},"new":["(4) The unprecedented financial crisis","and economic downturn that hit the world","and the euro area has exposed economic","weaknesses in Member States, lacking","resilience due to the postponement of","structural reforms and thus their limited","fiscal capacity to react, and has shown that","in the euro area available instruments such","as the single monetary policy, automatic","fiscal stabilisers and discretionary fiscal","policy measures at national level are","insufficient to absorb large asymmetric","shocks."],"old":["(4) The unprecedented financial crisis","and economic downturn that hit the world","and the euro area has shown that in the","euro area available instruments such as the","single monetary policy, automatic fiscal","stabilisers and discretionary fiscal policy","measures at national level are insufficient","to absorb large asymmetric shocks."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"51","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Esther de Lange","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-260","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point d"]],"meps":[38398],"meta":{"created":"2019-07-03T06:05:58"},"new":["(d) two successive decisions of the","Council in the same imbalance procedure","in accordance with Article 10(4) of","Regulation (EU) No 1176/2011 of the","European Parliament and of the Council","having established non-compliance by the","Member State concerned on grounds that it","has not taken the recommended corrective","action in the five years prior to requesting","support from the EISF and five years after","requesting the support;"],"old":["(d) 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H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-261","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point d"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:05:58"},"new":["(d) two successive decisions of the","Council in the same imbalance procedure","in accordance with Article 10(4) of","Regulation (EU) No 1176/2011 of the","European Parliament and of the Council","having established non-compliance by the","Member State concerned on grounds that it","has not taken the recommended corrective","action in the five years prior to requesting","support from the EISF;"],"old":["(d) two successive decisions of the","Council in the same imbalance procedure","in accordance with Article 10(4) of","Regulation (EU) No 1176/2011 of the","European Parliament and of the Council","having established non-compliance by the","Member State concerned on grounds that it","has not taken the recommended 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4"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:05:57"},"new":["(4) The unprecedented financial crisis","and economic downturn that hit the world","and the euro area has shown that in the","euro area available instruments such as the","single monetary policy, the EU fiscal","framework, automatic fiscal stabilisers and","discretionary fiscal policy measures at","national level are insufficient to absorb","large asymmetric shocks."],"old":["(4) The unprecedented financial crisis","and economic downturn that hit the world","and the euro area has shown that in the","euro area available instruments such as the","single monetary policy, automatic fiscal","stabilisers and discretionary fiscal policy","measures at national level are insufficient","to absorb large asymmetric shocks."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"55","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-56","location":[[" Proposal for a regulation","Recital 4 a (new)"]],"meps":[124820],"meta":{"created":"2019-07-03T06:05:58"},"new":["(4a) An asymmetric shock is a shock","which harms some countries while other","countries benefit from the shock or are","not affected at all. As such, the financial","crisis was clearly not an asymmetric","shock. The Commission is encouraged to","invest in capacity building by brushing up","basic economic knowledge of its staff."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"56","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-263","meps":[96648,185974],"meta":{"created":"2019-07-03T06:05:58"},"new":["(d) one decision of the Council in the","same imbalance procedure in accordance","with Article 10(4) of Regulation (EU) No","1176/2011 of the European Parliament and","of the Council having established non-","compliance by the Member State","concerned on grounds that it has not taken","the recommended corrective action in the","two years prior to requesting support from","the EISF;"],"old":["(d) two successive decisions of the","Council in the same imbalance procedure","in accordance with Article 10(4) of","Regulation (EU) No 1176/2011 of the","European Parliament and of the Council","having established non-compliance by the","Member State concerned on grounds that it","has not taken the recommended corrective","action in the two years prior to requesting","support from the EISF;"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"263","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Marco Valli, Laura Agea","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-57","location":[["Proposal for a regulation","Recital 5"]],"meps":[124778,124811],"meta":{"created":"2019-07-03T06:05:58"},"new":["(5) In the absence of rebalancing","mechanisms to facilitate macroeconomic","adjustment and cushion large asymmetric","shocks in the current institutional set-up,","Member States whose currency is the euro","have to conduct consistently tight fiscal","policy, making the adjustment more","difficult overall. The sequence of the crisis","in euro area suggests a strong reliance on","the single, \"one size fits all\", monetary","policy to provide for macro-economic","stabilisation in severe macro-economic","circumstances, which is by definition not","suitable to address country-specific","shocks."],"old":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange","rate mechanism (ERM II) have to rely","more heavily on remaining instruments of","economic policy, such as automatic fiscal","stabilisers and other discretionary fiscal","measures, making the adjustment more","difficult overall. The sequence of the crisis","in euro area also suggests strong reliance","on the single monetary policy to provide","for macro-economic stabilisation in severe","macro-economic circumstances."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"57","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Wolf Klinz, Caroline Nagtegaal","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-264","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point d"]],"meps":[28244,190519],"meta":{"created":"2019-07-03T06:05:58"},"new":["(d) a decision of the Council in the","imbalance procedure in accordance with","Article 10(4) of Regulation (EU) No","1176/2011 of the European Parliament and","of the Council having established non-","compliance by the Member State","concerned on grounds that it has not taken","the recommended corrective action in the","five years prior to requesting support from","the EISF;"],"old":["(d) two successive decisions of the","Council in the same imbalance procedure","in accordance with Article 10(4) of","Regulation (EU) No 1176/2011 of the","European Parliament and of the Council","having established non-compliance by the","Member State concerned on grounds that it","has not taken the recommended corrective","action in the two years prior to requesting","support from the EISF;"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"264","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-58","location":[["Proposal for a regulation","Recital 5"]],"meps":[124820],"meta":{"created":"2019-07-03T06:05:58"},"new":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II) have to rely more","heavily on remaining instruments of","economic policy, such as structural","reforms, increases in market flexibility,","automatic fiscal stabilisers and other","discretionary fiscal measures."],"old":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II) have to rely more","heavily on remaining instruments of","","economic policy, such as automatic fiscal","stabilisers and other discretionary fiscal","measures, making the adjustment more","difficult overall. The sequence of the","crisis in euro area also suggests strong","reliance on the single monetary policy to","provide for macro-economic stabilisation","in severe macro-economic circumstances."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"58","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Markus Ferber","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-59","location":[[" Proposal for a regulation","Recital 5"]],"meps":[1917],"meta":{"created":"2019-07-03T06:05:58"},"new":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II) have to rely more","heavily on remaining instruments of","economic policy, such as automatic fiscal","stabilisers and other discretionary fiscal","measures, making the adjustment more","difficult overall."],"old":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II) have to rely more","heavily on remaining instruments of","economic policy, such as automatic fiscal","stabilisers and other discretionary fiscal","measures, making the adjustment more","difficult overall. The sequence of the crisis","in euro area also suggests strong reliance","on the single monetary policy to provide","for macro-economic stabilisation in","severe macro-economic circumstances."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"59","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-60","location":[[" Proposal for a regulation","Recital 5"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:05:58"},"new":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II) have to rely more","heavily on remaining instruments of","economic policy, such as automatic fiscal","stabilisers and other discretionary fiscal","measures, making the adjustment more","difficult overall, which highlights the need","for adherence to the Stability and Growth","Pact in the framework of the EU\u2019s fiscal","rules in order to create fiscal space and","thus be able to address economic shocks.","The sequence of the crisis in euro area also","suggests strong reliance on the single","monetary policy to provide for macro-","economic stabilisation in severe macro-","economic circumstances."],"old":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II) have to rely more","heavily on remaining instruments of","economic policy, such as automatic fiscal","stabilisers and other discretionary fiscal","measures, making the adjustment more","difficult overall. The sequence of the crisis","in euro area also suggests strong reliance","on the single monetary policy to provide","for macro-economic stabilisation in severe","macro-economic circumstances."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"60","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Martin Schirdewan","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-265","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point e"]],"meps":[190517],"meta":{"created":"2019-07-03T06:05:58"},"new":["deleted"],"old":["(e) a decision of the Council","approving a macroeconomic adjustment","programme within the meaning of Article","7(2) of Regulation (EU) No 472/2013;"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"265","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Stanis\u0142aw O\u017c\u00f3g, Zbigniew Ku\u017amiuk","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-61","location":[["Proposal for a regulation","Recital 5"]],"meps":[124897,28389],"meta":{"created":"2019-07-03T06:05:58"},"new":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States have to","rely more heavily on remaining","instruments of economic policy, such as","automatic fiscal stabilisers and other","discretionary fiscal measures, making the","adjustment more difficult overall. The","sequence of the crisis in euro area also","suggests strong reliance on the single","monetary policy to provide for macro-","economic stabilisation in severe macro-","economic circumstances."],"old":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange","rate mechanism (ERM II) have to rely","more heavily on remaining instruments of","economic policy, such as automatic fiscal","stabilisers and other discretionary fiscal","measures, making the adjustment more","difficult overall. 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The sequence of the crisis","in euro area also suggests strong reliance","on the single monetary policy to provide","for macro-economic stabilisation in severe","macro-economic circumstances."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"62","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Martin Schirdewan","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-267","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point f"]],"meps":[190517],"meta":{"created":"2019-07-03T06:05:58"},"new":["deleted"],"old":["(f) a decision of the Council","implementing a medium-term financial","assistance facility within the meaning of","point (a) of Article 3(2) of Council","Regulation (EC) No 332/200221.","_________________","21","Council Regulation (EC) No 332/2002","OJ L 53/1, 23.02.2002, p. 1"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"267","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-63","location":[[" Proposal for a regulation","Recital 6"]],"meps":[124820],"meta":{"created":"2019-07-03T06:05:58"},"new":["(6) In response to the financial crisis","many Member States have enacted","counter-cyclical fiscal policies, while","other countries, in particular those under","EFSF or ESM programmes, enacted","contractionary fiscal policies in both the","recession and the subsequent recovery.","Different policies are one, but certainly","not the only reason widespread differences","in macroeconomic performance between","Member States, imperilling cohesion."],"old":["(6) The financial crisis has resulted in","a pro-cyclical pattern for fiscal policies,","which has been detrimental to the quality","","of public finances and in particular for","public investment. In turn, that","shortcoming has contributed to","widespread differences in macroeconomic","performance between Member States,","imperilling cohesion."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"63","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-268","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point f"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:05:58"},"new":["deleted"],"old":["(f) a decision of the Council","implementing a medium-term financial","assistance facility within the meaning of","point (a) of Article 3(2) of Council","Regulation (EC) No 332/200221.","_________________","21","Council Regulation (EC) No 332/2002","OJ L 53/1, 23.02.2002, p. 1"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"268","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Roberto Gualtieri","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-64","location":[["Proposal for a regulation","Recital 6"]],"meps":[96991,125046,125021,96892],"meta":{"created":"2019-07-03T06:05:58"},"new":["(6) The financial crisis has resulted in a","pro-cyclical pattern for fiscal policies,","which has been detrimental to the quality","of public finances and in particular for","public investment and national","unemployment schemes. In turn, that","shortcoming has contributed to widespread","differences in macroeconomic performance","between Member States, imperilling","cohesion."],"old":["(6) The financial crisis has resulted in a","pro-cyclical pattern for fiscal policies,","which has been detrimental to the quality","of public finances and in particular for","public investment. In turn, that","shortcoming has contributed to widespread","differences in macroeconomic performance","between Member States, imperilling","cohesion."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"64","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Ramon Tremosa i Balcells","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-269","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point f a (new)"]],"meps":[97203],"meta":{"created":"2019-07-03T06:05:58"},"new":["(fa) a pending procedure under article","7 Treaty on the European Union."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"269","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-65","location":[["Proposal for a regulation","Recital 6"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:05:58"},"new":["(6) The financial crisis has resulted in","and has been aggravated by a pro-cyclical","pattern for fiscal policies, which has been","detrimental to the quality of public","finances and in particular for public","investment. In turn, that shortcoming has","contributed to widespread differences in","macroeconomic performance between","Member States, imperilling cohesion."],"old":["(6) The financial crisis has resulted in a","pro-cyclical pattern for fiscal policies,","which has been detrimental to the quality","of public finances and in particular for","","public investment. In turn, that","shortcoming has contributed to widespread","differences in macroeconomic performance","between Member States, imperilling","cohesion."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"65","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Esther de Lange","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-270","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 1 a (new)"]],"meps":[38398],"meta":{"created":"2019-07-03T06:05:58"},"new":["1a. If the Commission concludes that","the conditions referred to in paragraph 1","or 1a have not been complied with in the","five years after requesting the EISF","support, it shall adopt a decision:","(a) requesting the early repayment of","whole or part of the EISF loan, as","appropriate; and","(b) deciding that upon repayment of EISF","loan the Member State concerned shall","not be entitled to receive the interest rate","subsidy."],"old":[""],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"270","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Paul Tang","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-66","location":[[" Proposal for a regulation","Recital 6 a (new)"]],"meps":[125020],"meta":{"created":"2019-07-03T06:05:58"},"new":["(6a) The attempt to strengthen the","Stability and Growth Pact with regards to","its credibility and macro-economic","coherence by means of the Six Pack, the","Two Pack and the Fiscal Compact have","added more complexity and less credibility","than needed, proving to be a poor","substitute for a more fundamental","overhaul of euro area governance that","will be required in order to achieve a","sustainable balance between responsibility","and solidarity within the Union;"],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"66","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Esther de Lange","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-271","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 1 b (new)"]],"meps":[38398],"meta":{"created":"2019-07-03T06:05:58"},"new":["1b. 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When the agreement has entered","into force, a Member State shall only be","eligible for receiving an interest rate","subsidy if it complies with its obligations","under the agreement."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"272","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-273","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 2"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:05:58"},"new":["2. A Member State shall only be","eligible for receiving a grant covering","100% of the total amount of the support","provided by the EISF if it complies with","all eligibility criteria referred to in","paragraph 1."],"old":["2. When the agreement has entered","into force, a Member State shall only be","eligible for receiving an interest rate","subsidy if it complies with its obligations","under the agreement."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"273","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-68","location":[["Proposal for a regulation","Recital 7"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:05:58"},"new":["(7) Additional instruments are","therefore necessary to avoid in the future","that large asymmetric shocks result into","deeper and broader situations of stress and","weaken cohesion. 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In addition, the rules","suffered from large measurement","problems as they are based on the non-","observable structural budget balance, the","estimation of which is subject to massive","errors."],"old":["(7) Additional instruments are","therefore necessary to avoid in the future","that large asymmetric shocks result into","deeper and broader situations of stress and","weaken cohesion."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"68","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-274","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 2"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:05:58"},"new":["2. 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When the agreement has entered","into force, a Member State shall only be","eligible for receiving an interest rate","subsidy if it complies with its obligations","","under the agreement."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"274","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-69","location":[["Proposal for a regulation","Recital 7"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:05:58"},"new":["(7) Sound public finances could be","complemented in the future by additional","instruments to avoid that large asymmetric","shocks result into deeper and broader","situations of stress and weaken cohesion."],"old":["(7) Additional instruments are","therefore necessary to avoid in the future","that large asymmetric shocks result into","deeper and broader situations of stress and","weaken cohesion."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"69","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-275","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 2 a (new)"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:05:58"},"new":["2a. A Member State, not meeting any","the criteria of paragraph 1 shall be","eligible for a grant with a cumulative","discount of 20% of the total amount of","support provided by the EISF for each of","the items referred to under points a) to d)","of paragraph 1 and a discount of 20% of","the total amount of support provided by","the EISF if the Member State does not","meet its annual intermediate targets in the","context of the Union strategy for smart,","sustainable and inclusive growth."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"275","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Markus Ferber","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-70","location":[[" Proposal for a regulation","Recital 7"]],"meps":[1917],"meta":{"created":"2019-07-03T06:05:58"},"new":["(7) More responsible fiscal policies as","well as additional instruments are therefore","necessary to avoid in the future that large","asymmetric shocks result into deeper and","broader situations of stress and weaken","cohesion."],"old":["(7) Additional instruments are","therefore necessary to avoid in the future","that large asymmetric shocks result into","deeper and broader situations of stress and","weaken cohesion."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"70","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Stanis\u0142aw O\u017c\u00f3g, Zbigniew Ku\u017amiuk","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-276","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 2 a (new)"]],"meps":[124897,28389],"meta":{"created":"2019-07-03T06:05:59"},"new":["2a. 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Absent such","conditions, the interest rate subsidy as","referred to in Article 9 shall be equal to","zero."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"277","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Pervenche Ber\u00e8s, Agnes Jongerius, Roberto Gualtieri","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-71","location":[[" Proposal for a regulation","Recital 7 a (new)"]],"meps":[125046,96991,1985,125021,96892],"meta":{"created":"2019-07-03T06:05:58"},"new":["(7a) A stabilisation instrument would","avoid negative impacts on potential","growth as a shock on public investment or","employment can easily turn into","structural. This would affect primarily the","hit Member State but, as the euro area is","very integrated, it would damage growth","prospects of other Members States. The","most efficient channel to produce this","spill over effect is trade. Therefore, a","stabilisation tool is not only a matter of","solidarity but also of economic policy."],"old":[""],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"71","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-72","location":[["Proposal for a regulation","Recital 8"]],"meps":[124820],"meta":{"created":"2019-07-03T06:05:59"},"new":["(8) In particular, no convincing","argument exists for establishing a","European Investment Stabilisation","Function (EISF)."],"old":["(8) In particular, in order to support","Member States whose currency is the euro","to respond better to rapidly changing","economic circumstances and stabilise","their economy by preserving public","investment in the event of large","asymmetric shocks, a European Investment","Stabilisation Function (EISF) should be","established."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"72","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-278","location":[["Proposal for a regulation","Article 4 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[124820],"meta":{"created":"2019-07-03T06:05:59"},"new":["1. A Member State shall be","considered to experience a large","asymmetric shock if the Commission and","the Council concur that a clearly","identified macroeconomic event (\u2018the","shock\u2019) was beyond the control of the","Member State and the following activation","criteria are simultaneously fulfilled:"],"old":["1. 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The aim is to boost public\ninvestment in a coherent manner, but not to implement austerity policies, which are clearly\nrecessive in nature.","location":[[" Proposal for a regulation","Recital 11"]],"meps":[135490],"meta":{"created":"2019-07-03T06:06:00"},"new":["(11) Union funding should be used in a","coherent manner and to maximise the","added value of the financial support to be","received notably from the programmes","supported by the Union under the","European Regional Development Fund, the","Cohesion fund, the European Social Fund,","the European Maritime and Fisheries Fund","and the European Agricultural Fund for","Rural Development,, the EISF and","InvestEU, where relevant."],"old":["(11) At Union level, the European","Semester of economic policy coordination","is the framework to identify national","","reform priorities and monitor their","implementation. Member States develop","their own national multiannual","investment strategies in support of those","reform priorities. 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It","shall act without undue delay."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"337","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-338","location":[["Proposal for a regulation","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:02"},"new":["The Commission shall assess and answer","the requests in the order it receives them. It","shall act without undue delay. At the","request of the parliament of the Member","State concerned or of the European","Parliament, the Commission shall present","its assessment to the parliament making","the request."],"old":["The Commission shall assess and answer","the requests in the order it receives them. It","shall act without undue delay."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"338","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-132","location":[["Proposal for a regulation","Recital 18"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:02"},"new":["(18) EISF support should take the form","of grants or loans to the Member States","concerned. That instrument would provide","them with financing to continue executing","public investments particularly those in","line with the Sustainable Development","Goals and the Paris Climate agreement."],"old":["(18) EISF support should take the form","","of loans to the Member States concerned.","That instrument would provide them with","financing to continue executing public","investment."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"132","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-339","location":[[" Proposal for a regulation","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:06:02"},"new":["The Commission shall assess and answer","the requests in the order it receives them. It","shall act without undue delay. The","Commission shall appear in front of the","committee responsible and inform the","European Parliament and the Council","without undue delay about the outcome of","its assessment."],"old":["The Commission shall assess and answer","the requests in the order it receives them. It","shall act without undue delay."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"339","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Roberto Gualtieri, Luigi Morgano","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-133","location":[[" Proposal for a regulation","Recital 18"]],"meps":[96991,125046,125021,96892,124788],"meta":{"created":"2019-07-03T06:06:02"},"new":["(18) EPS support should take the form","of loans to the Member States concerned.","That instrument would provide them with","financing to continue executing public","investment and support national","unemployment scheme."],"old":["(18) EISF support should take the form","of loans to the Member States concerned.","That instrument would provide them with","financing to continue executing public","investment."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"133","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-134","location":[[" Proposal for a regulation","Recital 19"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:03"},"new":["(19) In addition to loans, no interest rate","subsidies should be granted to the Member","States."],"old":["(19) In addition to loans, interest rate","subsidies should be granted to the Member","States concerned to cover the interest","costs incurred on such loans, as a specific","type of financial assistance under Article","220 of the Financial Regulation. Such an","interest rate subsidy would provide","additional support in parallel to the loan","for Member States undergoing an","asymmetric shock and facing tight","","financing conditions on the financial","markets."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"134","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Markus Ferber","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-340","location":[[" Proposal for a regulation","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2"]],"meps":[1917],"meta":{"created":"2019-07-03T06:06:03"},"new":["The Commission shall assess and answer","the requests in the order it receives them. It","shall act without undue delay. The","Commission shall inform the European","Parliament and the Council without","undue delay about the outcome of its","assessment."],"old":["The Commission shall assess and answer","the requests in the order it receives them. It","shall act without undue delay."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"340","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-135","location":[["Proposal for a regulation","Recital 19"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:06:03"},"new":["(19) In addition to loans, interest rate","subsidies should be granted to the Member","States concerned to cover the interest costs","incurred on such loans, as a specific type of","financial assistance under Article 220 of","the Financial Regulation. Such an interest","rate subsidy would provide additional","support in parallel to the loan for Member","States undergoing an asymmetric shock","and facing tight financing conditions on the","financial markets. Payment of interest rate","subsidies should be strictly conditional","upon the availability of sufficient means","in the Stabilisation Support Fund."],"old":["(19) In addition to loans, interest rate","subsidies should be granted to the Member","States concerned to cover the interest costs","incurred on such loans, as a specific type of","financial assistance under Article 220 of","the Financial Regulation. Such an interest","rate subsidy would provide additional","support in parallel to the loan for Member","States undergoing an asymmetric shock","and facing tight financing conditions on the","financial markets."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"135","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-341","location":[[" Proposal for a regulation","Article 6 \u2013 paragraph 1 \u2013 subparagraph 2 a (new)"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:06:03"},"new":["A Member State benefitting from EISF","support shall, in any given year in which","it receives an EISF loan do the following:","(a) invest in eligible public investment an","amount corresponding to at least the","amount of the EISF loan,","(b) maintain the same level of its public","investment compared to the average level","of its public investment in the five","previous years,","(c) address market failures or sub-optimal","investment situations, in a proportionate","manner, without duplicating or crowding","out private financing and have a clear","European added value.","The Commission may nevertheless","conclude when adopting the decision in","accordance with Article 6(2) that such","level of public investment is","unsustainable, in which case it shall","determine the level of public investment to","be maintained."],"old":["",""],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"341","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-136","location":[["Proposal for a regulation","Recital 19"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:03"},"new":["(19) In addition to grants and loans,","interest rate subsidies should be granted to","the Member States concerned to cover the","interest costs incurred on such loans, as a","specific type of financial assistance under","Article 220 of the Financial Regulation.","Such an interest rate subsidy would","provide additional support for Member","States undergoing an asymmetric shock","and facing tight financing conditions on the","financial markets whenever such Member","State is not fully eligible for a grant."],"old":["(19) In addition to loans, interest rate","subsidies should be granted to the Member","States concerned to cover the interest costs","incurred on such loans, as a specific type of","financial assistance under Article 220 of","the Financial Regulation. Such an interest","","rate subsidy would provide additional","support in parallel to the loan for Member","States undergoing an asymmetric shock","and facing tight financing conditions on the","financial markets."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"136","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-342","location":[["Proposal for a regulation","Article 6 \u2013 paragraph 2"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:03"},"new":["2. The Commission shall decide the","terms of the EISF support. The decision","shall contain the amount, the average","maturity, the pricing formula, and the","availability period of EISF loan, and the","other detailed rules needed for the","implementation of the support. When","deciding on the terms of the EISF support,","the Commission shall take into account the","amount deemed to be sustainable within","the meaning of Article [210(3)] of","Regulation (EU, Euratom) No XX (the","\u2018Financial Regulation\u2019) under the own","resources ceiling for payment","appropriations."],"old":["2. The Commission shall decide the","terms of the EISF support. The decision","shall contain the amount, the average","maturity, the pricing formula, and the","availability period of EISF loan and the","amount of the interest rate subsidy, and","the other detailed rules needed for the","implementation of the support. When","deciding on the terms of the EISF support,","the Commission shall take into account the","amount deemed to be sustainable within","the meaning of Article [210(3)] of","Regulation (EU, Euratom) No XX (the","\u2018Financial Regulation\u2019) under the own","resources ceiling for payment","","","appropriations."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"342","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-137","location":[[" Proposal for a regulation","Recital 20"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:03"},"new":["(20) With a view to efficiently provide","EISF support, the competence for granting","the loans when the eligibility and","activation criteria are fulfilled and deciding","on granting interest rate subsidies should","under no means be entrusted to the","Commission. Rather, the Council should","be entrusted, provided the Council","approves of such loans in a unanimous","decision."],"old":["(20) With a view to swiftly provide EISF","support, the competence for granting the","loans when the eligibility and activation","criteria are fulfilled and deciding on","granting interest rate subsidies should be","entrusted to the Commission."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"137","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Martin Schirdewan","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-343","location":[[" Proposal for a regulation","Article 6 \u2013 paragraph 2"]],"meps":[190517],"meta":{"created":"2019-07-03T06:06:03"},"new":["2. The Commission shall decide the","terms of the EISF support. The decision","shall contain the amount, the average","maturity, the pricing formula, and the","availability period of EISF loan and the","amount of the interest rate subsidy, and the","other detailed rules needed for the","implementation of the support."],"old":["2. The Commission shall decide the","terms of the EISF support. The decision","shall contain the amount, the average","maturity, the pricing formula, and the","availability period of EISF loan and the","amount of the interest rate subsidy, and the","other detailed rules needed for the","implementation of the support. When","deciding on the terms of the EISF","support, the Commission shall take into","account the amount deemed to be","sustainable within the meaning of Article","[210(3)] of Regulation (EU, Euratom) No","XX (the \u2018Financial Regulation\u2019) under","the own resources ceiling for payment","appropriations."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"343","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Markus Ferber","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-138","location":[[" Proposal for a regulation","Recital 20"]],"meps":[1917],"meta":{"created":"2019-07-03T06:06:03"},"new":["(20) With a view to swiftly provide","EISF support, the competence for granting","the loans upon the strict precondition that","the eligibility and activation criteria are","fulfilled and deciding on granting interest","rate subsidies should be entrusted to the","Commission. The eligibility and activation","criteria must be the only relevant criteria;","there must not be any political","considerations in the decision making","process."],"old":["(20) With a view to swiftly provide","EISF support, the competence for granting","the loans when the eligibility and","activation criteria are fulfilled and deciding","on granting interest rate subsidies should","be entrusted to the Commission.",""],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"138","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Paul Tang","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-344","location":[[" Proposal for a regulation","Article 6 \u2013 paragraph 2"]],"meps":[125020],"meta":{"created":"2019-07-03T06:06:03"},"new":["2. The Commission shall decide the","terms of the EISF support. The decision","shall contain the amount, the average","maturity, the pricing formula, and the","availability period of EISF loan and the","amount of the interest rate subsidy, and the","other detailed rules needed for the","implementation of the support. When","deciding on the terms of the EISF support,","the Commission shall take into account the","amount deemed to be sustainable within","the meaning of Article [210(3)] of","Regulation (EU, Euratom) No XX (the","\u2018Financial Regulation\u2019) under the own","resources ceiling for payment","appropriations. The stabilisation function","of the EISF shall not be undermined by","fiscal rules."],"old":["2. The Commission shall decide the","terms of the EISF support. The decision","shall contain the amount, the average","maturity, the pricing formula, and the","availability period of EISF loan and the","amount of the interest rate subsidy, and the","","other detailed rules needed for the","implementation of the support. When","deciding on the terms of the EISF support,","the Commission shall take into account the","amount deemed to be sustainable within","the meaning of Article [210(3)] of","Regulation (EU, Euratom) No XX (the","\u2018Financial Regulation\u2019) under the own","resources ceiling for payment","appropriations."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"344","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-139","location":[["Proposal for a regulation","Recital 20"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:03"},"new":["(20) With a view to swiftly provide","EISF support, the competence for granting","the loans when the eligibility and","activation criteria for grants are not","fulfilled and deciding on granting interest","rate subsidies should be entrusted to the","Commission."],"old":["(20) With a view to swiftly provide","EISF support, the competence for granting","the loans when the eligibility and","activation criteria are fulfilled and deciding","on granting interest rate subsidies should","be entrusted to the Commission."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"139","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Luigi Morgano","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-140","location":[["Proposal for a regulation","Recital 20"]],"meps":[96991,125046,125021,124788],"meta":{"created":"2019-07-03T06:06:03"},"new":["(20) With a view to swiftly provide EPS","support, the competence for granting the","loans when the eligibility and activation","criteria are fulfilled and deciding on","granting interest rate subsidies should be","entrusted to the Commission."],"old":["(20) With a view to swiftly provide","EISF support, the competence for granting","the loans when the eligibility and","activation criteria are fulfilled and deciding","on granting interest rate subsidies should","be entrusted to the Commission."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"140","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-345","location":[["Proposal for a regulation","Article 6 \u2013 paragraph 2"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:03"},"new":["2. The Commission shall decide the","terms of the EISF support in accordance","with the provisions of Article 3(2a), 3(2b)","and 8. The decision shall contain the","amount, and as appropriate, the average","maturity, the pricing formula, and the","availability period of EISF loan and the","amount of the interest rate subsidy, and the","other detailed rules needed for the","implementation of the support. When","deciding on the terms of the EISF support,","the Commission shall take into account the","amount deemed to be sustainable within","the meaning of Article [210(3)] of","Regulation (EU, Euratom) No XX (the","\u2018Financial Regulation\u2019) under the own","resources ceiling for payment","appropriations."],"old":["2. The Commission shall decide the","terms of the EISF support. The decision","shall contain the amount, the average","maturity, the pricing formula, and the","availability period of EISF loan and the","amount of the interest rate subsidy, and the","other detailed rules needed for the","implementation of the support. When","deciding on the terms of the EISF support,","the Commission shall take into account the","amount deemed to be sustainable within","the meaning of Article [210(3)] of","Regulation (EU, Euratom) No XX (the","\u2018Financial Regulation\u2019) under the own","resources ceiling for payment","appropriations."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"345","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-141","location":[[" Proposal for a regulation","Recital 21"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:03"},"new":["(21) Member States should invest the","support received under EISF in eligible","public investment which has a clearly","identified European added value. They","should critically review the level of public","investment compared to the level of public","investment which is deemed sustainable."],"old":["(21) Member States should invest the","support received under EISF in eligible","public investment and also maintain the","level of public investment in general","compared to the average level of public","investment over the five last years in order","to ensure that the objective pursued by","this Regulation is achieved. In that","respect, there is the expectation that","Member States should give priority to","maintaining eligible investment in","programmes supported by the Union","under the European Regional","Development Fund, the Cohesion fund,","the European Social Fund, the European","Maritime and Fisheries Fund and the","European Agricultural Fund for Rural","Development.."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"141","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Agnes Jongerius, Luigi Morgano","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-346","location":[[" Proposal for a regulation","Article 6 \u2013 paragraph 2"]],"meps":[125046,96991,125021,124788],"meta":{"created":"2019-07-03T06:06:03"},"new":["2. The Commission shall decide the","terms of the EPS support. The decision","shall contain the amount, the average","maturity, the pricing formula, and the","availability period of EPS loan and the","amount of the interest rate subsidy, and the","other detailed rules needed for the","implementation of the support. When","deciding on the terms of the EPS support,","the Commission shall take into account the","amount deemed to be sustainable within","the meaning of Article [210(3)] of","Regulation (EU, Euratom) No XX (the","\u2018Financial Regulation\u2019) under the own","resources ceiling for payment","appropriations."],"old":["2. The Commission shall decide the","terms of the EISF support. The decision","shall contain the amount, the average","maturity, the pricing formula, and the","availability period of EISF loan and the","amount of the interest rate subsidy, and the","other detailed rules needed for the","implementation of the support. When","deciding on the terms of the EISF support,","the Commission shall take into account the","amount deemed to be sustainable within","the meaning of Article [210(3)] of","Regulation (EU, Euratom) No XX (the","\u2018Financial Regulation\u2019) under the own","resources ceiling for payment","appropriations."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"346","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Ram\u00f3n J\u00e1uregui Atondo, Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-142","location":[[" Proposal for a regulation","Recital 21"]],"meps":[125046,96991,97078,21918],"meta":{"created":"2019-07-03T06:06:03"},"new":["(21) Member States should invest the","support received under EPS in eligible","public investment. In that respect, there is","the expectation that Member States should","give priority to maintaining eligible","investment in programmes supported by","the Union under the European Regional","Development Fund, the Cohesion fund, the","European Social Fund, the European","Maritime and Fisheries Fund and the","European Agricultural Fund for Rural","Development."],"old":["(21) Member States should invest the","support received under EISF in eligible","public investment and also maintain the","level of public investment in general","compared to the average level of public","investment over the five last years in order","to ensure that the objective pursued by","this Regulation is achieved. In that","respect, there is the expectation that","","Member States should give priority to","maintaining eligible investment in","programmes supported by the Union under","the European Regional Development Fund,","the Cohesion fund, the European Social","Fund, the European Maritime and Fisheries","Fund and the European Agricultural Fund","for Rural Development.."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"142","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-347","location":[[" Proposal for a regulation","Article 6 \u2013 paragraph 2 a (new)"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:06:03"},"new":["2a. The year following the","disbursement of the EISF loan, the","Commission shall examine whether the","Member State concerned has respected","the criteria referred to in paragraph 1.","No further disbursements shall be made","available before the Commission has fully","examined whether the Member State","concerned has respected the criteria","referred to in paragraph 1.","In particular, the Commission shall also","verify the extent to which the Member","State concerned has maintained eligible","public investment in programmes","supported by the Union under the","European Regional Development Fund,","the Cohesion fund, the European Social","Fund, the European Maritime and","Fisheries Fund and the European","Agricultural Fund for Rural","Development.","If the Commission, after having heard the","Member State concerned, concludes that","the conditions referred to in paragraph 1","have not been complied with, it shall","adopt a decision:","(a) requesting the early repayment of the","whole EISF loan, as appropriate; and","(b) deciding that upon repayment of EISF","loan the Member State concerned shall","not be entitled to receive the interest rate","subsidy. The Commission shall adopt its","decision without undue delay and shall","make it public."],"old":["",""],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"347","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-143","location":[["Proposal for a regulation","Recital 21"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:03"},"new":["(21) Member States should invest the","support received under EISF in eligible","public investment and also maintain the","level of public investment in general","compared to the higher level of public","investments over the five last years in","order to ensure that the objective pursued","by this Regulation is achieved. In that","respect, there is the expectation that","Member States should give priority to","maintaining eligible investment in","programmes supported by the Union under","the European Regional Development Fund,","the Cohesion fund, the European Social","Fund, the European Maritime and Fisheries","Fund and the European Agricultural Fund","for Rural Development."],"old":["(21) Member States should invest the","support received under EISF in eligible","public investment and also maintain the","level of public investment in general","compared to the average level of public","investment over the five last years in order","to ensure that the objective pursued by this","Regulation is achieved. In that respect,","there is the expectation that Member States","should give priority to maintaining eligible","investment in programmes supported by","the Union under the European Regional","Development Fund, the Cohesion fund, the","European Social Fund, the European","Maritime and Fisheries Fund and the","European Agricultural Fund for Rural","Development.."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"143","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Martin Schirdewan","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-348","location":[["Proposal for a regulation","Article 7 \u2013 paragraph 1"]],"meps":[190517],"meta":{"created":"2019-07-03T06:06:03"},"new":["The outstanding amount of loans granted to","Member States under this Regulation shall","be at least EUR 140 billion in principal."],"old":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 30 billion in principal."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"348","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Luigi Morgano","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-144","location":[["Proposal for a regulation","Recital 21"]],"meps":[96991,125046,125021,124788],"meta":{"created":"2019-07-03T06:06:03"},"new":["(21) Member States should invest the","support received under EPS in eligible","public investment and also maintain the","level of public investment in general","compared to the average level of public","investment over the five last years in order","to ensure that the objective pursued by this","Regulation is achieved. In that respect,","there is the expectation that Member States","should give priority to maintaining eligible","investment in programmes supported by","the Union under the European Regional","Development Fund, the Cohesion fund, the","European Social Fund, the European","Maritime and Fisheries Fund and the","European Agricultural Fund for Rural","Development.."],"old":["(21) Member States should invest the","support received under EISF in eligible","public investment and also maintain the","level of public investment in general","compared to the average level of public","investment over the five last years in order","to ensure that the objective pursued by this","Regulation is achieved. In that respect,","there is the expectation that Member States","should give priority to maintaining eligible","investment in programmes supported by","the Union under the European Regional","Development Fund, the Cohesion fund, the","European Social Fund, the European","Maritime and Fisheries Fund and the","European Agricultural Fund for Rural","Development.."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"144","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-349","location":[[" Proposal for a regulation","Article 7 \u2013 paragraph 1"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:03"},"new":["The outstanding amount of grants and","loans granted to Member States under this","Regulation shall amount to the higher of:","(a) 1% of the cumulative GNI of","participating Member States, or","(b) to EUR 120.000 million in current","prices."],"old":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 30 billion in principal."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"349","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-145","location":[[" Proposal for a regulation","Recital 22"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:04"},"new":["(22) To that effect, the Commission","should examine whether the Member State","concerned has respected those conditions.","In case of non-compliance the Member","State concerned should be subject to","exclusion of additional grants for a period","of two years or repay part or the entire loan","given and should not be entitled to","receiving an interest rate subsidy."],"old":["(22) To that effect, the Commission","should examine whether the Member State","concerned has respected those conditions.","In case of non-compliance the Member","State concerned should repay part or the","entire loan given and should not be entitled","to receiving an interest rate subsidy."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"145","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Xabier Benito Ziluaga","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-350","justification":" Investments constitute one of the keys to overcoming a crisis and improving the economy of a\n country. Part of the economic crisis is the result of the economic architecture of the eurozone.\n Investments should aim for a minimum and, as a first step, the EU should therefore provide\n more funds to tackle this problem.","location":[[" Proposal for a regulation","Article 7 \u2013 paragraph 1"]],"meps":[135490],"meta":{"created":"2019-07-03T06:06:03"},"new":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 100 billion in principal.","Member States shall establish channels","and a timetable for scheduling regular","contributions to ensure that levels of","public investment in terms of GDP in","peripheral countries subject to","asymmetric shocks do not fall below the","EU average."],"old":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 30 billion in principal."],"orig_lang":"es","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"350","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Ram\u00f3n J\u00e1uregui Atondo, Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-146","location":[["Proposal for a regulation","Recital 22"]],"meps":[125046,96991,97078,21918],"meta":{"created":"2019-07-03T06:06:04"},"new":["(22) To that effect, the Commission","should examine whether the Member State","concerned has respected this condition. In","case of non-compliance the Member State","concerned should repay part or the entire","loan given and should not be entitled to","receiving an interest rate subsidy."],"old":["(22) To that effect, the Commission","should examine whether the Member State","concerned has respected those conditions.","In case of non-compliance the Member","State concerned should repay part or the","entire loan given and should not be entitled","to receiving an interest rate subsidy."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"146","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Marco Valli, Laura Agea","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-351","location":[["Proposal for a regulation","Article 7 \u2013 paragraph 1"]],"meps":[124778,124811],"meta":{"created":"2019-07-03T06:06:03"},"new":["The outstanding amount of loans granted to","Member States under this Regulation shall","amount at least to EUR 100 billion in","principal."],"old":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 30 billion in principal."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"351","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-147","location":[["Proposal for a regulation","Recital 22"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:06:04"},"new":["(22) To that effect, the Commission","should examine whether the Member State","concerned has respected those conditions.","In case of non-compliance the Member","State concerned should repay the entire","loan given and should not be entitled to","receiving an interest rate subsidy."],"old":["(22) To that effect, the Commission","should examine whether the Member State","concerned has respected those conditions.","In case of non-compliance the Member","State concerned should repay part or the","entire loan given and should not be entitled","to receiving an interest rate subsidy."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"147","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Ram\u00f3n J\u00e1uregui Atondo, Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-352","location":[["Proposal for a regulation","Article 7 \u2013 paragraph 1"]],"meps":[125046,96991,97078,21918],"meta":{"created":"2019-07-03T06:06:03"},"new":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 60 billion in principal."],"old":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 30 billion in principal."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"352","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Esther de Lange","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-148","location":[["Proposal for a regulation","Recital 22 a (new)"]],"meps":[38398],"meta":{"created":"2019-07-03T06:06:04"},"new":["(22a) Furthermore, a Member State is","only eligible to receive EISF support if","during the five years preceding and five","years following the support given, it is not","under the Excessive Deficit Procedure","and is running a budget in line with the","rules set out in the Stability and Growth","Pact, including the Medium-Term","Budgetary Objectives."],"old":[""],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"148","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-353","location":[["Proposal for a regulation","Article 7 \u2013 paragraph 1"]],"meps":[21918],"meta":{"created":"2019-07-03T06:06:04"},"new":["The outstanding amount of loans granted to","Member States under this Regulation shall","amount to up to 0.5 % of the cumulative","GNI of Member States whose currency is","the euro and those Member States that","participate in the EMR II, and to no less","than EUR 55 billion in principal."],"old":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 30 billion in principal."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"353","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Stanis\u0142aw O\u017c\u00f3g, Zbigniew Ku\u017amiuk","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-149","location":[[" Proposal for a regulation","Recital 22 a (new)"]],"meps":[124897,28389],"meta":{"created":"2019-07-03T06:06:04"},"new":["(22a) In addition, where national","budgetary or economic policies are no","longer compatible with EU requirements,","the EISF loan should be repaid in part or","in full."],"orig_lang":"pl","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"149","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Paul Tang","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-354","location":[[" Proposal for a regulation","Article 7 \u2013 paragraph 1"]],"meps":[125020],"meta":{"created":"2019-07-03T06:06:04"},"new":["The outstanding amount of loans granted to","Member States under this Regulation shall","be no less than 0,5% of the cumulative","GNI of participating Member States."],"old":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 30 billion in principal."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"354","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-150","location":[[" Proposal for a regulation","Recital 23"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:04"},"new":["(23) Public investment should always be","in line with the productivity effects it","generates. Mechanical and automatically","set levels of public investment entail a","waste of resources and remind attentive","observers of the huge misallocation of","funds in centrally planned economies."],"old":["(23) The maximum level of eligible","public investment that could be supported","by EISF loan for a Member State should","be automatically set on the basis of a","formula which captures the ratio of public","eligible investment to gross domestic","product (GDP) in the Union over a period","of five years before the Member State","concerned requests a loan and its GDP","over the same period. The maximum level","","of eligible public investment should also","be scaled by means of scaling factor (\u03b1)","towards the fixed ceiling in the Union","budget. That factor is determined such","that with hindsight of the recent crisis, all","the EISF support could have been","provided to the Member States concerned,","had the mechanism been in place."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"150","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Esther de Lange","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-355","location":[[" Proposal for a regulation","Article 7 \u2013 paragraph 1"]],"meps":[38398],"meta":{"created":"2019-07-03T06:06:04"},"new":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 25 billion in principal."],"old":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 30 billion in principal."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"355","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Xabier Benito Ziluaga","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-151","justification":"Well-designed investment policies are part of the solutions to economic crises. Reference\nshould not be made to a maximum, although this will depend on the size of the fund, instead\nthe means to achieve a minimum level of investment should be provided. If it is to be\ncompensatory in nature \u2013 given that the imbalances in the balance of payments are largely\n\n the result of the architecture associated with the single currency and the single market \u2013 such\n an instrument will not be useful if it does not from the outset provide for appropriate\n diagnosis and thus introduces corrective factors in order to resolve the underlying problems.","location":[["Proposal for a regulation","Recital 23"]],"meps":[135490],"meta":{"created":"2019-07-03T06:06:04"},"new":["(23) The ideal level of public investment","to be granted and allocated in proportion","to the needs duly indicated by the","candidate countries for funding should","depend on the level of deficit in their","balance of payments. The purpose of this","automatic shock-absorption mechanism","should be to stabilise this macroeconomic","parameter and create jobs by boosting","economic investment, which constitutes a","joint instrument for fostering real demand","and the improvement of the quality of","supply as well as the candidate country's","macroeconomic relationship with the","European economic framework."],"old":["(23) The maximum level of eligible","public investment that could be supported","by EISF loan for a Member State should","be automatically set on the basis of a","formula which captures the ratio of public","eligible investment to gross domestic","product (GDP) in the Union over a period","of five years before the Member State","concerned requests a loan and its GDP","over the same period. The maximum level","of eligible public investment should also","be scaled by means of scaling factor (\u03b1)","towards the fixed ceiling in the Union","budget. That factor is determined such","that with hindsight of the recent crisis, all","the EISF support could have been","provided to the Member States concerned,","had the mechanism been in place."],"orig_lang":"es","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"151","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Markus Ferber, Siegfried Mure\u015fan","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-356","location":[[" Proposal for a regulation","Article 7 \u2013 paragraph 1"]],"meps":[1917,124802],"meta":{"created":"2019-07-03T06:06:04"},"new":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 25 billion in principal."],"old":["The outstanding amount of loans granted to","Member States under this Regulation shall","be limited to EUR 30 billion in principal."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"356","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Luigi Morgano","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-152","location":[[" Proposal for a regulation","Recital 23"]],"meps":[96991,125046,125021,124788],"meta":{"created":"2019-07-03T06:06:04"},"new":["(23) The maximum level of eligible","public investment that could be supported","by EPS loan for a Member State should be","automatically set on the basis of a formula","which captures the ratio of public eligible","investment to gross domestic product","(GDP) in the Union over a period of five","years before the Member State concerned","requests a loan and its GDP over the same","period. The maximum level of eligible","public investment should also be scaled by","means of scaling factor (\u03b1) towards the","fixed ceiling in the Union budget. That","factor is determined such that with","hindsight of the recent crisis, all the EPS","support could have been provided to the","Member States concerned, had the","mechanism been in place."],"old":["(23) The maximum level of eligible","public investment that could be supported","by EISF loan for a Member State should","be automatically set on the basis of a","formula which captures the ratio of public","eligible investment to gross domestic","product (GDP) in the Union over a period","of five years before the Member State","concerned requests a loan and its GDP over","the same period. The maximum level of","eligible public investment should also be","scaled by means of scaling factor (\u03b1)","towards the fixed ceiling in the Union","budget. That factor is determined such that","with hindsight of the recent crisis, all the","EISF support could have been provided to","the Member States concerned, had the","mechanism been in place."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"152","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Siegfried Mure\u015fan, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-357","location":[["Proposal for a regulation","Article 7 \u2013 paragraph 1 a (new)"]],"meps":[124802,28124],"meta":{"created":"2019-07-03T06:06:04"},"new":["The maximum EISF contribution shall","represent 70% of the costs of eligible","public investment, while co-financing by","the beneficiary shall represent at least","30%."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"357","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-153","location":[[" Proposal for a regulation","Recital 24"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:04"},"new":["deleted"],"old":["(24) The amount of EISF loan should","also be automatically determined on the","basis of a formula which firstly takes into","account the maximum level of eligible","","public investment that can be supported","under EISF and secondly the severity of","the large asymmetric shock. The support","determined on the basis of that formula","should also be scaled in function of the","severity of the shock by means of a factor","(\u03b2). That factor is determined such that","for a shock that increases unemployment","by more than 2.5 percentage points, the","maximum support is made available to the","Member State concerned. An EISF loan","could be increased up to the maximum","level of eligible public investment in case","the asymmetric shock is particularly","severe as reflected by other indicators of","the Member State's position in the","economic cycle (e.g. confidence surveys)","and a deeper analysis of the","macroeconomic situation (as conducted in","particular in the context of the","macroeconomic forecast and the","European Semester). With a view to","ensure that as many Member States as","possible could qualify for support under","EISF, the loan to a Member State should","not exceed 30 percent of the remaining","available means under the ceiling set for","calibrating the loans under EISF to the","available means in the Union budget."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"153","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-358","location":[["Proposal for a regulation","Article 8 \u2013 title"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:04"},"new":["Amount of EISF support"],"old":["Amount of EISF loan"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"358","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Marco Valli, Laura Agea","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-154","location":[["Proposal for a regulation","Recital 24"]],"meps":[124778,124811],"meta":{"created":"2019-07-03T06:06:04"},"new":["(24) The amount of EISF loan should","also be automatically determined on the","basis of a formula which firstly takes into","account the maximum level of eligible","public investment that can be supported","under EISF and secondly the severity of","the large asymmetric shock. The support","determined on the basis of that formula","should also be scaled in function of the","severity of the shock by means of a factor","(\u03b2). That factor is determined such that for","a shock that increases unemployment by","more than 2.5 percentage points, the","maximum support is made available to the","Member State concerned. An EISF loan","could be increased up to the maximum","level of eligible public investment in case","the asymmetric shock is particularly severe","as reflected by other indicators of the","Member State's position in the economic","cycle, such as youth unemployment,","confidence surveys, rate of companies'","bankruptcies and large declines in","economic output or exports in goods and","services."],"old":["(24) The amount of EISF loan should","also be automatically determined on the","basis of a formula which firstly takes into","account the maximum level of eligible","public investment that can be supported","under EISF and secondly the severity of","the large asymmetric shock. The support","","determined on the basis of that formula","should also be scaled in function of the","severity of the shock by means of a factor","(\u03b2). That factor is determined such that for","a shock that increases unemployment by","more than 2.5 percentage points, the","maximum support is made available to the","Member State concerned. An EISF loan","could be increased up to the maximum","level of eligible public investment in case","the asymmetric shock is particularly severe","as reflected by other indicators of the","Member State's position in the economic","cycle (e.g. confidence surveys) and a","deeper analysis of the macroeconomic","situation (as conducted in particular in","the context of the macroeconomic forecast","and the European Semester). With a view","to ensure that as many Member States as","possible could qualify for support under","EISF, the loan to a Member State should","not exceed 30 percent of the remaining","available means under the ceiling set for","calibrating the loans under EISF to the","available means in the Union budget."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"154","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Siegfried Mure\u015fan, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-155","location":[[" Proposal for a regulation","Recital 24"]],"meps":[124802,28124],"meta":{"created":"2019-07-03T06:06:04"},"new":["(24) The amount of EISF loan should","also be automatically determined on the","basis of a formula which firstly takes into","account the maximum level of eligible","public investment that can be supported","under EISF and secondly the severity of","the large asymmetric shock. The support","determined on the basis of that formula","should also be scaled in function of the","severity of the shock by means of a factor","(\u03b2). That factor is determined such that for","a shock that increases unemployment by","more than 2.5 percentage points, the","maximum support is made available to the","Member State concerned. An EISF loan","could be increased up to the maximum","level of eligible public investment in case","the asymmetric shock is particularly severe","as reflected by other indicators of the","Member State's position in the economic","cycle (e.g. confidence surveys) and a","deeper analysis of the macroeconomic","situation (as conducted in particular in the","context of the macroeconomic forecast and","the European Semester). 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An EISF loan","could be increased up to the maximum","level of eligible public investment in case","the asymmetric shock is particularly severe","as reflected by other indicators of the","Member State's position in the economic","cycle (e.g. confidence surveys) and a","deeper analysis of the macroeconomic","situation (as conducted in particular in the","context of the macroeconomic forecast and","the European Semester). 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Without prejudice to paragraph 3,","the amount of an EISF loan (S) shall be","determined in accordance with the","following formula:"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"359","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Luigi Morgano","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-156","location":[["Proposal for a regulation","Recital 24"]],"meps":[96991,125046,125021,124788],"meta":{"created":"2019-07-03T06:06:04"},"new":["(24) The amount of EPS loan should","also be automatically determined on the","basis of a formula which firstly takes into","account the maximum level of eligible","public investment that can be supported","under EPS and secondly the severity of the","large asymmetric shock. The support","determined on the basis of that formula","should also be scaled in function of the","severity of the shock by means of a factor","(\u03b2). That factor is determined such that for","a shock that increases unemployment by","more than 2.5 percentage points, the","maximum support is made available to the","Member State concerned. An EPS loan","could be increased up to the maximum","level of eligible public investment in case","the asymmetric shock is particularly severe","as reflected by other indicators of the","Member State's position in the economic","cycle (e.g. confidence surveys) and a","deeper analysis of the macroeconomic","situation (as conducted in particular in the","context of the macroeconomic forecast and","the European Semester). 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An EISF loan","","could be increased up to the maximum","level of eligible public investment in case","the asymmetric shock is particularly severe","as reflected by other indicators of the","Member State's position in the economic","cycle (e.g. confidence surveys) and a","deeper analysis of the macroeconomic","situation (as conducted in particular in the","context of the macroeconomic forecast and","the European Semester). With a view to","ensure that as many Member States as","possible could qualify for support under","EISF, the loan to a Member State should","not exceed 30 percent of the remaining","available means under the ceiling set for","calibrating the loans under EISF to the","available means in the Union budget."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"156","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Pervenche Ber\u00e8s, Reimer B\u00f6ge","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-360","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[1985,1037],"meta":{"created":"2019-07-03T06:06:04"},"new":["1. The amount of an EISF loan (S)","shall be determined in accordance with the","following formula:"],"old":["1. Without prejudice to paragraph 3,","the amount of an EISF loan (S) shall be","determined in accordance with the","following formula:"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"360","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Xabier Benito Ziluaga","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-157","justification":"The European Semester should cease to be a reference for defining economic policies in the\nEU. Confidence surveys, for their part, are a subjective indicator, whereas the effective rate\nof return (profit rate minus financial cost for investment) is a more robust, meaningful and\nconsistent indicator.","location":[[" Proposal for a regulation","Recital 24"]],"meps":[135490],"meta":{"created":"2019-07-03T06:06:04"},"new":["(24) The amount of EISF loan should","also be automatically determined on the","basis of a formula which firstly takes into","account the maximum level of eligible","public investment that can be supported","under EISF and secondly the severity of","the large asymmetric shock. The support","determined on the basis of that formula","should also be scaled in function of the","severity of the shock by means of a factor","(\u03b2). That factor is determined such that for","a shock that increases unemployment by","more than 2.5 percentage points, the","maximum support is made available to the","Member State concerned. An EISF loan","could be increased up to the maximum","level of eligible public investment in case","the asymmetric shock is particularly severe","as reflected by other indicators of the","Member State's position in the economic","cycle (e.g. the effective rate of return) and","a deeper analysis of the macroeconomic","situation (as conducted in particular in the","context of the macroeconomic forecast).","With a view to ensure that as many","Member States as possible could qualify","for support under EISF, the loan to a","Member State should not exceed 30","percent of the remaining available means","under the ceiling set for calibrating the","loans under EISF to the available means in","the Union budget."],"old":["(24) The amount of EISF loan should","also be automatically determined on the","basis of a formula which firstly takes into","account the maximum level of eligible","public investment that can be supported","under EISF and secondly the severity of","the large asymmetric shock. The support","determined on the basis of that formula","should also be scaled in function of the","severity of the shock by means of a factor","(\u03b2). That factor is determined such that for","a shock that increases unemployment by","more than 2.5 percentage points, the","maximum support is made available to the","Member State concerned. An EISF loan","could be increased up to the maximum","level of eligible public investment in case","the asymmetric shock is particularly severe","as reflected by other indicators of the","","Member State's position in the economic","cycle (e.g. confidence surveys) and a","deeper analysis of the macroeconomic","situation (as conducted in particular in the","context of the macroeconomic forecast and","the European Semester). With a view to","ensure that as many Member States as","possible could qualify for support under","EISF, the loan to a Member State should","not exceed 30 percent of the remaining","available means under the ceiling set for","calibrating the loans under EISF to the","available means in the Union budget."],"orig_lang":"es","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"157","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Agnes Jongerius, Luigi Morgano","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-361","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[125046,96991,125021,124788],"meta":{"created":"2019-07-03T06:06:04"},"new":["1. the amount of an EPS loan (S) shall","be determined in accordance with the","following formula:"],"old":["1. Without prejudice to paragraph 3,","the amount of an EISF loan (S) shall be","determined in accordance with the","following formula:"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"361","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Ram\u00f3n J\u00e1uregui Atondo, Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-158","location":[["Proposal for a regulation","Recital 24 a (new)"]],"meps":[125046,96991,97078,21918],"meta":{"created":"2019-07-03T06:06:05"},"new":["(24a) In the case of asymmetric shocks,","Member States shall have the possibility","to use a percentage of the EPS support to","financing national unemployment","schemes."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"158","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-362","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:04"},"new":["deleted"],"old":["S=\u03b2\u00d7IS\u00d7(Increase in unemploymentMS-","threshold level)"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"362","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-159","meps":[124820],"meta":{"created":"2019-07-03T06:06:05"},"new":["deleted"],"old":["(25) The amount of EISF interest rate","subsidies should be determined as a","percentage of the interest rate costs","incurred by the Member State on the loan","granted under the EISF."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"159","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Pervenche Ber\u00e8s","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-363","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[1985],"meta":{"created":"2019-07-03T06:06:05"},"new":["deleted"],"old":["S=\u03b2\u00d7IS\u00d7(Increase in unemploymentMS-","threshold level)"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"363","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Luigi Morgano","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-160","location":[[" Proposal for a regulation","Recital 25"]],"meps":[96991,125046,125021,124788],"meta":{"created":"2019-07-03T06:06:05"},"new":["(25) The amount of EPS interest rate","subsidies should be determined as a","percentage of the interest rate costs","incurred by the Member State on the loan","granted under the EPS."],"old":["(25) The amount of EISF interest rate","subsidies should be determined as a","percentage of the interest rate costs","incurred by the Member State on the loan","granted under the EISF."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"160","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-364","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 1"]],"meps":[21918],"meta":{"created":"2019-07-03T06:06:05"},"new":["deleted"],"old":["S=\u03b2\u00d7IS\u00d7(Increase in unemploymentMS-","threshold level)"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"364","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-161","location":[[" Proposal for a regulation","Recital 26"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:05"},"new":["deleted"],"old":["(26) A Stabilisation Support Fund","should be established to finance the","interest rate subsidy. 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Such payments","should be topped up with national","contributions from Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II) which experience a","current account surplus for a third year in","a row. The amount of such contribution","should be calculated as the difference","between the current account and the","maximum threshold whenever a Member","State exceeds for a third year in a row the","maximum threshold of the current","account indicator provided in the","Macroeconomic Imbalance Procedure","scoreboard established to in Regulation","(EU) 1176/2011. 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To that","end, the European Central Bank (ECB)","should communicate to the Commission","the amount of monetary income the","national central banks of the Eurosystem","are entitled to."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"165","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Pervenche Ber\u00e8s, Reimer B\u00f6ge","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-369","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 2 a (new)"]],"meps":[1985,1037],"meta":{"created":"2019-07-03T06:06:05"},"new":["S = \u03b2 x Smax x (Increase in","unemploymentMS \u2013 threshold level)","subject to S \u2264 Smax"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"369","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-166","location":[["Proposal for a regulation","Recital 27"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:05"},"new":["(27) A new Own Resource within the","2021-2027 multiannual financial","framework should be established by","Member States whose currency is the euro","and for other Member States that","participate in the exchange rate mechanism","referred to in Article 140(1) of the Treaty","of the Functioning of the European","Union. Such Own Resource should","provide an amount equivalent to be","overall financial envelope of the","Stabilisation Support Fund."],"old":["(27) Both the determination of the","amount of the national contributions to","the Stabilisation Support Fund and their","","transfer should be governed by an","intergovernmental agreement to be","concluded between Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II). That agreement","should provide that the national","contributions for all the Member States","are calculated based on the share of the","national central banks of those Member","States whose currency is the euro in the","monetary income of the Eurosystem. For","Member States which participate in ERM","II a specific key should be foreseen to","determine the national contributions. The","Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of","monetary income the national central","banks of the Eurosystem are entitled to."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"166","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-370","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 2 a (new)"]],"meps":[21918],"meta":{"created":"2019-07-03T06:06:05"},"new":["subject to S \u2264 S max"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"370","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Marco Valli, Laura Agea","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-167","location":[[" Proposal for a regulation","Recital 27"]],"meps":[124778,124811],"meta":{"created":"2019-07-03T06:06:05"},"new":["(27) Both the determination of the","amount of the national contributions to the","Stabilisation Support Fund and their","transfer should be governed by an","intergovernmental agreement to be","concluded between Member States whose","currency is the euro. That agreement","should provide that the national","contributions for all the Member States are","calculated based on the share of the","national central banks of those Member","States whose currency is the euro in the","monetary income of the Eurosystem. The","Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of monetary","income the national central banks of the","Eurosystem are entitled to."],"old":["(27) Both the determination of the","amount of the national contributions to the","Stabilisation Support Fund and their","transfer should be governed by an","intergovernmental agreement to be","concluded between Member States whose","currency is the euro and other Member","States that participate in the exchange","rate mechanism (ERM II). That","agreement should provide that the national","contributions for all the Member States are","calculated based on the share of the","national central banks of those Member","States whose currency is the euro in the","","monetary income of the Eurosystem. For","Member States which participate in ERM","II a specific key should be foreseen to","determine the national contributions. The","Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of monetary","income the national central banks of the","Eurosystem are entitled to."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"167","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-371","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 3"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:05"},"new":["deleted","means"],"old":["For the purpose of this formula, the","following definitions apply:","(a) \u00ab\u03b2\u00bb is 0.66;","(b) \u00abIs\u00bb means the maximum level of","eligible public investment that the EISF","may support in the Member State","concerned referred to in paragraph 2;","(c)","the increase in the quarterly national","unemployment rate referred to in point (b)","of Article 4(1) expressed in percentage","points;","(d) \u2018threshold level\u2019 means the threshold","defined in point (b) of Article 4(1)","expressed in percentage points."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"371","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Esther de Lange","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-168","location":[["Proposal for a regulation","Recital 27"]],"meps":[38398],"meta":{"created":"2019-07-03T06:06:05"},"new":["(27) Both the determination of the","amount of the national contributions to the","Stabilisation Support Fund and their","transfer should be governed by an","intergovernmental agreement to be","concluded between Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II). That agreement","should provide that the national","contributions for all the Member States are","calculated based on the share of the","national central banks of those Member","States whose currency is the euro in the","monetary income of the Eurosystem","without any fixed or minimum share of","monetary income allocated to the national","central banks of the Eurosystem. For","Member States which participate in ERM","II a specific key should be foreseen to","determine the national contributions. The","Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of monetary","income the national central banks of the","Eurosystem are entitled to."],"old":["(27) Both the determination of the","amount of the national contributions to the","Stabilisation Support Fund and their","transfer should be governed by an","intergovernmental agreement to be","concluded between Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II). That agreement","should provide that the national","contributions for all the Member States are","calculated based on the share of the","national central banks of those Member","States whose currency is the euro in the","monetary income of the Eurosystem. For","Member States which participate in ERM","II a specific key should be foreseen to","determine the national contributions. The","Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of monetary","income the national central banks of the","","Eurosystem are entitled to."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"168","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-372","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 3 \u2013 point b"]],"meps":[21918],"meta":{"created":"2019-07-03T06:06:05"},"new":["(b) \u201cS max\u201d means the maximum level","of eligible public investment or","unemployment financing that the EPS","may support in the Member State","concerned referred to in paragraph 2; (c)","means the increase in the quarterly","national unemployment rate referred to in","point (b) of Article 4)(1) expressed in","percentage points;"],"old":["(b) \u00abIs\u00bb means the maximum level of","eligible public investment that the EISF","may support in the Member State","concerned referred to in paragraph 2;"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"372","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Pervenche Ber\u00e8s, Reimer B\u00f6ge","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-169","location":[[" Proposal for a regulation","Recital 27"]],"meps":[1985,1037],"meta":{"created":"2019-07-03T06:06:05"},"new":["(27) Both the determination of the","amount of the national compartment and","contributions to the Stabilisation Support","Fund and their transfer should be governed","by an intergovernmental agreement to be","concluded between Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II). That agreement","should provide that national compartment","function as a Rainy day fund and that the","national contributions for all the Member","States are calculated based on 10% of the","amount of monetary income allocated to","the national central banks of those Member","States whose currency is the euro in the","monetary income of the Eurosystem. For","Member States which participate in ERM","II a specific key should be foreseen to","determine the national contributions. The","Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of monetary","income the national central banks of the","Eurosystem are entitled to."],"old":["(27) Both the determination of the","amount of the national contributions to the","Stabilisation Support Fund and their","transfer should be governed by an","intergovernmental agreement to be","concluded between Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II). That agreement","should provide that the national","contributions for all the Member States are","calculated based on the share of the","national central banks of those Member","States whose currency is the euro in the","monetary income of the Eurosystem. For","Member States which participate in ERM","II a specific key should be foreseen to","determine the national contributions. The","Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of monetary","income the national central banks of the","Eurosystem are entitled to."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"169","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Pervenche Ber\u00e8s, Reimer B\u00f6ge","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-373","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 3 \u2013 point b"]],"meps":[1985,1037],"meta":{"created":"2019-07-03T06:06:05"},"new":["(b) Smax means the maximum level of","eligible public investment or national","unemployment scheme that the EISF may","support in the Member State concerned","referred to in paragraph 2;"],"old":["(b) \u00abIs\u00bb means the maximum level of","eligible public investment that the EISF","may support in the Member State","concerned referred to in paragraph 2;"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"373","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Ramon Tremosa i Balcells","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-170","location":[["Proposal for a regulation","Recital 27"]],"meps":[97203],"meta":{"created":"2019-07-03T06:06:05"},"new":["(27) Both the determination of the","amount of the national compartment and","contributions to the Stabilisation Support","Fund and their transfer should be governed","by an intergovernmental agreement to be","concluded between Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II). That agreement","should provide that national compartment","function as a contingency fund and that","the national contributions for all the","Member States are calculated based on the","10%of the national central banks of those","Member States whose currency is the euro","in the monetary income of the Eurosystem.","For Member States which participate in","ERM II a specific key should be foreseen","to determine the national contributions.","The Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of monetary","income the national central banks of the","Eurosystem are entitled to."],"old":["(27) Both the determination of the","amount of the national contributions to the","Stabilisation Support Fund and their","transfer should be governed by an","intergovernmental agreement to be","concluded between Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II). That agreement","should provide that the national","contributions for all the Member States are","calculated based on the share of the","national central banks of those Member","States whose currency is the euro in the","monetary income of the Eurosystem. For","Member States which participate in ERM","II a specific key should be foreseen to","determine the national contributions. The","Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of monetary","income the national central banks of the","Eurosystem are entitled to."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"170","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Ram\u00f3n J\u00e1uregui Atondo, Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-374","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 3 \u2013 point b"]],"meps":[125046,96991,97078,21918],"meta":{"created":"2019-07-03T06:06:06"},"new":["(b) \u00abIs\u00bb means the maximum level of","the amount of the EPS support to the","Member State concerned referred to in","paragraph 2;"],"old":["(b) \u00abIs\u00bb means the maximum level of","eligible public investment that the EISF","may support in the Member State","concerned referred to in paragraph 2;"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"374","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Siegfried Mure\u015fan, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-171","location":[["Proposal for a regulation","Recital 27"]],"meps":[124802,28124],"meta":{"created":"2019-07-03T06:06:05"},"new":["(27) Both the determination of the","amount of the national contributions to the","Stabilisation Support Fund and their","transfer should be governed by an","intergovernmental agreement to be","concluded between Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II). That agreement","should provide that the national annual","contributions for the Member States shall","be equivalent to a share of the amount of","monetary income allocated to the","respective national central banks of those","Member States whose currency is the euro.","For Member States which participate in","ERM II a specific key should be foreseen","to determine the national contributions.","The Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of monetary","income the national central banks of the","Eurosystem are entitled to."],"old":["(27) Both the determination of the","amount of the national contributions to the","Stabilisation Support Fund and their","","transfer should be governed by an","intergovernmental agreement to be","concluded between Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II). That agreement","should provide that the national","contributions for all the Member States are","calculated based on the share of the","national central banks of those Member","States whose currency is the euro in the","monetary income of the Eurosystem. For","Member States which participate in ERM","II a specific key should be foreseen to","determine the national contributions. The","Commission should assist the Member","States for the calculation of those","contributions. To that end, the European","Central Bank (ECB) should communicate","to the Commission the amount of monetary","income the national central banks of the","Eurosystem are entitled to."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"171","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-375","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 4"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:06:06"},"new":["deleted"],"old":["The Commission may nevertheless","increase the amount of an EISF loan up","to the amount of IS in case of particular","severity of the large asymmetric shock","experienced by the Member State","concerned."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"375","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Roberto Gualtieri","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-172","location":[[" Proposal for a regulation","Recital 27 a (new)"]],"meps":[96991,125046,125021,96892],"meta":{"created":"2019-07-03T06:06:05"},"new":["(27a) Within five years, at most, of the","date of entry into force of this Treaty, on","the basis of an assessment of the","experience with its implementation, the","necessary steps should be taken, in","accordance with the Treaty on the","European Union and the Treaty on the","Functioning of the European Union, with","the aim of incorporating the substance of","this Treaty into the legal framework of the","European Union."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"172","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Markus Ferber","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-376","justification":" This provision gives too much discretion to the European Commission.","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 4"]],"meps":[1917],"meta":{"created":"2019-07-03T06:06:06"},"new":["deleted"],"old":["The Commission may nevertheless","increase the amount of an EISF loan up","to the amount of IS in case of particular","severity of the large asymmetric shock","experienced by the Member State","concerned."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"376","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-173","location":[["Proposal for a regulation","Recital 28"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:05"},"new":["deleted"],"old":["(28) After that intergovernmental","agreement has entered into force,","payment of the interest rate subsidy to the","Member State concerned should be","conditional upon the Member State","transferring its yearly contribution to the","Stabilisation Support Fund. Payment of","interest rate subsidies should be","conditional upon the availability of","sufficient means in the Stabilisation","Support Fund. Payment of interest rate","subsidies from the Stabilisation Support","Fund would be postponed in case the","interest rate subsidy to a specific Member","State would exceed 30 percent of the","available means in the Stabilisation","Support Fund at the moment when such","payment is due."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"173","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-377","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 4"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:06"},"new":["deleted"],"old":["The Commission may nevertheless","increase the amount of an EISF loan up","to the amount of IS in case of particular","severity of the large asymmetric shock","experienced by the Member State","concerned."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"377","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-174","location":[["Proposal for a regulation","Recital 28"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:06:06"},"new":["(28) After that intergovernmental","agreement has entered into force, payment","of the interest rate subsidy to the Member","State concerned should be conditional upon","the Member State transferring its yearly","contribution to the Stabilisation Support","Fund, without exceptions, as the risk of","moral hazard and permanent transfers","should remain limited. Payment of interest","rate subsidies should be strictly conditional","upon the availability of sufficient means in","the Stabilisation Support Fund, as","payments through other funds cannot be","guaranteed and would increase the risk of","moral hazard. Payment of interest rate","subsidies from the Stabilisation Support","Fund would be postponed in case the","interest rate subsidy to a specific Member","State would exceed 20 percent of the","available means in the Stabilisation","Support Fund at the moment when such","payment is due."],"old":["(28) After that intergovernmental","agreement has entered into force, payment","of the interest rate subsidy to the Member","State concerned should be conditional upon","the Member State transferring its yearly","contribution to the Stabilisation Support","Fund. Payment of interest rate subsidies","should be conditional upon the availability","","of sufficient means in the Stabilisation","Support Fund. Payment of interest rate","subsidies from the Stabilisation Support","Fund would be postponed in case the","interest rate subsidy to a specific Member","State would exceed 30 percent of the","available means in the Stabilisation","Support Fund at the moment when such","payment is due."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"174","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Marco Valli, Laura Agea","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-378","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 4"]],"meps":[124778,124811],"meta":{"created":"2019-07-03T06:06:06"},"new":["The Commission may nevertheless","increase the amount of an EISF loan up to","the amount of IS in case of particular","severity of the asymmetric shock","experienced by the Member State","concerned, taking into account other","indicators of the Member State\u2019s position","in the economic cycle such as increases in","youth unemployment and companies\u2019","bankruptcies, declines in output across","sectors or sharp drops in exports of goods","and services, except where the moving","average of the current account balance","expressed in percent of GDP in the","Member State concerned exceeded 4 % in","the previous three years."],"old":["The Commission may nevertheless","increase the amount of an EISF loan up to","the amount of IS in case of particular","severity of the large asymmetric shock","experienced by the Member State","concerned."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"378","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-175","location":[[" Proposal for a regulation","Recital 28"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:06"},"new":["(28) Grants and Payment of interest rate","subsidies should be conditional upon the","availability of sufficient means in the","Stabilisation Support Fund. 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Payment of","interest rate subsidies from the","Stabilisation Support Fund would be","postponed in case the interest rate subsidy","to a specific Member State would exceed","30 percent of the available means in the","Stabilisation Support Fund at the moment","when such payment is due."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"175","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Luigi Morgano","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-379","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 4"]],"meps":[96991,125046,125021,124788],"meta":{"created":"2019-07-03T06:06:06"},"new":["The Commission may nevertheless","increase the amount of an EPS loan up to","the amount of IS in case of particular","severity of the large asymmetric shock","experienced by the Member State","concerned."],"old":["The Commission may nevertheless","increase the amount of an EISF loan up to","the amount of IS in case of particular","severity of the large asymmetric shock","experienced by the Member State","concerned."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"379","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-176","location":[["Proposal for a regulation","Recital 29"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:06"},"new":["(29) Under no means should the","Commission be in charge for managing the","assets of the Stabilisation Support Fund."],"old":["(29) The Commission should be in","charge for managing the assets of the","Stabilisation Support Fund in a safe and","prudent manner."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"176","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Pervenche Ber\u00e8s, Reimer B\u00f6ge","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-380","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 1 \u2013 subparagraph 4"]],"meps":[1985,1037],"meta":{"created":"2019-07-03T06:06:06"},"new":["The Commission may nevertheless","increase the amount of an EISF loan up to","the amount of Smax in case of particular","severity of the large asymmetric shock","experienced by the Member State","concerned."],"old":["The Commission may nevertheless","increase the amount of an EISF loan up to","the amount of IS in case of particular","severity of the large asymmetric shock","experienced by the Member State","concerned."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"380","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Pervenche Ber\u00e8s, Reimer B\u00f6ge","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-381","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 2 \u2013 introductory part"]],"meps":[1985,1037],"meta":{"created":"2019-07-03T06:06:06"},"new":["2. The maximum level of eligible","public investment or national","unemployment scheme that the EISF may","support in a Member State (Smax) shall be","determined in accordance with the","following formula:"],"old":["2. The maximum level of eligible","public investment that the EISF may","support in a Member State (IS)shall be","determined in accordance with the","following formula:"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"381","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-177","location":[["Proposal for a regulation","Recital 30"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:06"},"new":["(30) For its public investment, a","Member State may request technical","assistance from Commission. 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The latter could undertake","technical missions."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"177","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Ram\u00f3n J\u00e1uregui Atondo, Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-382","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 2 \u2013 introductory part"]],"meps":[125046,96991,97078,21918],"meta":{"created":"2019-07-03T06:06:06"},"new":["2. The maximum level of the amount","of the EPS may support to a Member State","(IS) shall be determined in accordance with","the following formula:"],"old":["2. The maximum level of eligible","public investment that the EISF may","support in a Member State (IS)shall be","determined in accordance with the","following formula:"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"382","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Xabier Benito Ziluaga","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-178","justification":" Technical advice should contribute to increasing European synergies and quality of\n investment, but technical assistance should not impinge upon the economic sovereignty of the\n Member State.","meps":[135490],"meta":{"created":"2019-07-03T06:06:06"},"new":["(30) In order to increase the impact of","public investment and potential EISF","support the quality of Member States'","public investment systems and practices","should be ensured and where appropriate","strengthened. An assessment by the","Commission should be carried out","regularly and take the form of a report and","if warranted contain recommendations to","improve the quality of public investment","systems and practices in Member States. A","Member State could request technical","assistance from Commission. The latter","could undertake technical missions. At any","rate, within the macroeconomic","parameters consistent with boosting","investments, ensuring coherence and","complementarity between them in","programmes with a holistic approach and","a medium-term perspective, technical","assistance may only put forward","suggestions since the economic","sovereignty of the requesting country","must be respected."],"old":["(30) In order to increase the impact of","public investment and potential EISF","support the quality of Member States'","public investment systems and practices","should be ensured and where appropriate","strengthened. An assessment by the","Commission should be carried out","regularly and take the form of a report and","if warranted contain recommendations to","improve the quality of public investment","systems and practices in Member States. A","Member State could request technical","assistance from Commission. The latter","could undertake technical missions."],"orig_lang":"es","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"178","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Pervenche Ber\u00e8s, Reimer B\u00f6ge","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-383","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 2 \u2013 subparagraph 1"]],"meps":[1985,1037],"meta":{"created":"2019-07-03T06:06:06"},"new":["deleted"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"383","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Luigi Morgano, Roberto Gualtieri","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-179","location":[[" Proposal for a regulation","Recital 30"]],"meps":[96991,125046,125021,124788,96892],"meta":{"created":"2019-07-03T06:06:06"},"new":["(30) In order to increase the impact of","public investment and potential EPS","support the quality of Member States'","public investment systems and practices","should be ensured and where appropriate","strengthened. An assessment by the","Commission should be carried out","regularly and take the form of a report and","if warranted contain recommendations to","improve the quality of public investment","systems and practices in Member States. A","Member State could request technical","assistance from Commission. The latter","could undertake technical missions."],"old":["(30) In order to increase the impact of","public investment and potential EISF","support the quality of Member States'","public investment systems and practices","should be ensured and where appropriate","strengthened. An assessment by the","Commission should be carried out","regularly and take the form of a report and","if warranted contain recommendations to","improve the quality of public investment","systems and practices in Member States. A","Member State could request technical","assistance from Commission. The latter","could undertake technical missions."],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"179","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-384","location":[[" Proposal for a regulation","Article 8 \u2013 paragraph 2 \u2013 subparagraph 1"]],"meps":[21918],"meta":{"created":"2019-07-03T06:06:06"},"new":["deleted"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"384","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Xabier Benito Ziluaga","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-180","justification":"We propose a compensatory criterion in the shape of indicators that address the underlying\n\n issue, in order to guide the automatic referencing for the planned shock-absorption\n mechanism. Investment in the periphery will improve the preconditions for development and\n the balance of payments of countries with a deficit, and an increase in real wages in countries\n with a surplus will boost domestic demand and imports, thus reducing external surpluses.","location":[["Proposal for a regulation","Recital 30 a (new)"]],"meps":[135490],"meta":{"created":"2019-07-03T06:06:06"},"new":["(30a) In order to give the automatic","stabilisation programme coherence, it","would appear necessary to operate both in","countries affected negatively by","asymmetric shocks and in those that","benefit. Thus, along with setting criteria","for boosting public investment in","peripheral countries experiencing","asymmetric shocks, which are the result","of a balance of payments deficit, it will be","necessary to establish ways to ensure that","the countries with surpluses carry out","measures to correct their surpluses, such","as establishing an indicator for","automatically increasing real wages."],"orig_lang":"es","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"180","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Pervenche Ber\u00e8s","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-385","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 2 \u2013 subparagraph 1 a (new)"]],"meps":[1985],"meta":{"created":"2019-07-03T06:06:06"},"new":["Smax = \u03b1 x ((Average Public","InvestmentEU+ Average unemployment","financing) / GDPEU) x GDPMS"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"385","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Siegfried Mure\u015fan, Dariusz Rosati, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-181","location":[[" Proposal for a regulation","Recital 31"]],"meps":[124802,28394,28124],"meta":{"created":"2019-07-03T06:06:06"},"new":["deleted"],"old":["(31) In order to determine the rules for","the involvement of the ESM or its legal","successor in providing financial","assistance in parallel to the Commission","in support of public investment, the power","to adopt acts in accordance with Article","290 of the Treaty on the Functioning of","the European Union should be delegated","to the Commission in respect of the","exchange of relevant information as","regards the EISF loan, the impact of the","ESM's involvement for calculating the","amount of EISF support, and the","granting of an interest rate subsidy by the","Stabilisation Support Fund to the Member","State for costs incurred on ESM financial","assistance. 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In","particular, to ensure equal participation","in the preparation of delegated acts, the","","European Parliament and the Council","receive all documents at the same time as","Member States' experts, and their experts","systematically have access to meetings of","Commission expert groups dealing with","the preparation of delegated acts.","_________________","14 OJ L 231, 12.5.2016, p. 1"],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"181","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Manuel dos Santos","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-386","location":[["Proposal for a regulation","Article 8 \u2013 paragraph 2 \u2013 subparagraph 1 a (new)"]],"meps":[21918],"meta":{"created":"2019-07-03T06:06:06"},"new":["Is = \u03b1 X [(Average Public InvestmentEU +","Average Unemployment Financing) /","GDPEU ] X GDPMS"],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"386","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-182","location":[["Proposal for a regulation","Recital 31"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:06"},"new":["deleted","OJ L 231, 12.5.2016, p. 1"],"old":["(31) In order to determine the rules for","the involvement of the ESM or its legal","successor in providing financial","assistance in parallel to the Commission","in support of public investment, the power","to adopt acts in accordance with Article","290 of the Treaty on the Functioning of","the European Union should be delegated","to the Commission in respect of the","exchange of relevant information as","regards the EISF loan, the impact of the","ESM's involvement for calculating the","amount of EISF support, and the","granting of an interest rate subsidy by the","Stabilisation Support Fund to the Member","State for costs incurred on ESM financial","assistance. The Commission should also","be empowered to adopt delegated acts","determining the percentage in the formula","for calculating the interest rate subsidy,","the detailed rules for the administration of","the Stabilisation Support Fund and the","general principles and criteria for its","investment strategy. It is of particular","importance that the Commission carry out","appropriate consultations during its","preparatory work, including at expert","","level, and that those consultations be","conducted in accordance with the","principles laid down in the","Interinstitutional Agreement on Better","Law-Making of 13 April 201614 . 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The","Commission should also be empowered to","adopt delegated acts determining the","percentage in the formula for calculating","the interest rate subsidy, the detailed rules","for the administration of the Stabilisation","Support Fund and the general principles","and criteria for its investment strategy. It is","of particular importance that the","Commission carry out appropriate","consultations during its preparatory work,","including at expert level, and that those","consultations be conducted in accordance","with the principles laid down in the","Interinstitutional Agreement on Better","Law-Making of 13 April 201614. 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In case of","more than one deferred payment, the","order in which such payments shall be","honoured shall be determined by the","length of time of the deferral starting with","the longest time."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"440","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-233","location":[[" Proposal for a regulation","Article 2 \u2013 paragraph 1 \u2013 point 6 c (new)"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:10"},"new":["(6c) 'no significant negative impact of","a shock' means a difference of less than","half a percentage point between two IMF","forecasts for the real GDP of the calendar","year which follows the year in which the","shock took place, the difference being","calculated between the last IMF forecast","preceding the shock and the first IMF","forecast after the shock."],"old":[""],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"233","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Markus Ferber, Siegfried Mure\u015fan","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-441","justification":" The amount should be set low in order to prevent the fund from being depleted.","location":[[" Proposal for a regulation","Article 18 \u2013 paragraph 2"]],"meps":[1917,124802],"meta":{"created":"2019-07-03T06:06:10"},"new":["2. Payment of an interest rate subsidy","shall not exceed 20 percent of the available","means in the Stabilisation Support Fund at","the moment when such payment to the","Member State concerned is due. Any","further payment shall be deferred. Any new","contributions to the Stabilisation Support","Fund referred to in Article 17(2) shall be","firstly used for honouring deferred","payments to the Member States concerned.","In case of more than one deferred payment,","the order in which such payments shall be","honoured shall be determined by the length","of time of the deferral starting with the","longest time."],"old":["2. Payment of an interest rate subsidy","shall not exceed 30 percent of the available","means in the Stabilisation Support Fund at","the moment when such payment to the","Member State concerned is due. Any","further payment shall be deferred. Any new","contributions to the Stabilisation Support","Fund referred to in Article 17(2) shall be","firstly used for honouring deferred","payments to the Member States concerned.","In case of more than one deferred payment,","the order in which such payments shall be","honoured shall be determined by the length","of time of the deferral starting with the","longest time."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"441","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Marco Valli, Laura Agea","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-234","justification":" EISF support has specific policy goals that are not consistent with the ones related to the\n\n\neconomic governance framework. Access to this support should therefore not be used as a\npolitical leverage to enforce compliance with the European Semester procedures.","location":[["Proposal for a regulation","Article 3"]],"meps":[124778,124811],"meta":{"created":"2019-07-03T06:06:10"},"new":["Article 3 deleted","Eligibility criteria","a decision of the Council","a decision of the Council in","two successive recommendations","two successive decisions of the","a decision of the Council","a decision of the Council","When the agreement has entered"],"old":["1. A Member State shall be eligible","for EISF support where it is not subject","to:","(a)","establishing that no effective action has","been taken to correct its excessive deficit","under Article 126(8) or Article 126(11) of","the Treaty on the Functioning of the","European Union in the two years prior to","requesting support from the EISF;","(b)","accordance with Article 6(2) or Article 10","of Council Regulation (EU) No 1466/9719","establishing that no effective action has","been taken to address the observed","significant deviation in the two years prior","to requesting support from the EISF;","(c)","of the Council in the same imbalance","procedure in accordance with Article 8(3)","of Regulation (EU) No 1176/2011 of the","European Parliament and of the","Council20 on grounds that the Member","State concerned has submitted an","insufficient corrective action plan in the","two years prior to requesting support from","","","the EISF;","(d)","Council in the same imbalance procedure","in accordance with Article 10(4) of","Regulation (EU) No 1176/2011 of the","European Parliament and of the Council","having established non-compliance by the","Member State concerned on grounds that","it has not taken the recommended","corrective action in the two years prior to","requesting support from the EISF;","(e)","approving a macroeconomic adjustment","programme within the meaning of Article","7(2) of Regulation (EU) No 472/2013;","(f)","implementing a medium-term financial","assistance facility within the meaning of","point (a) of Article 3(2) of Council","Regulation (EC) No 332/200221 .","2.","into force, a Member State shall only be","eligible for receiving an interest rate","subsidy if it complies with its obligations","under the agreement.","_________________","19Council Regulation (EC) No 1466/97 of","7 July 1997 on the strengthening of the","surveillance of budgetary positions and","the surveillance and coordination of","economic policies OJ L 209, 2.8.1997, p. 1","20Regulation (EU) No 1176/2011 of the","European Parliament and of the Council","of 16 November 2011 on the prevention","and correction of macroeconomic","imbalances OJ L 306, 23.11.2011, p. 25","21","Council Regulation (EC) No 332/2002","OJ L 53/1, 23.02.2002, p. 1"],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"234","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-442","location":[["Proposal for a regulation","Article 18 \u2013 paragraph 2"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:10"},"new":["2. Payment of grants together with an","interest rate subsidy shall not exceed 30","percent of the available means in the","Stabilisation Support Fund at the moment","when such payment to the Member State","concerned is due. Any further payment","shall be deferred. Any new contributions to","the Stabilisation Support Fund referred to","in Article 17(2) shall be firstly used for","honouring deferred payments to the","Member States concerned. In case of more","than one deferred payment, the order in","which such payments shall be honoured","shall be determined by the length of time","of the deferral starting with the longest","time."],"old":["2. Payment of an interest rate subsidy","shall not exceed 30 percent of the available","means in the Stabilisation Support Fund at","the moment when such payment to the","Member State concerned is due. Any","further payment shall be deferred. Any new","contributions to the Stabilisation Support","Fund referred to in Article 17(2) shall be","firstly used for honouring deferred","payments to the Member States concerned.","In case of more than one deferred payment,","the order in which such payments shall be","honoured shall be determined by the length","of time of the deferral starting with the","longest time."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"442","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Wolf Klinz, Caroline Nagtegaal","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-235","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[28244,190519],"meta":{"created":"2019-07-03T06:06:10"},"new":["1. A Member State shall be eligible","for EISF support where each of the","following conditions are met:","(i) in the four years prior to the","Member State's support request, the","Commission each year assessed that the","Member State has effectively addressed","the challenges identified in the context of","the European Semester, i.e. in the","country-specific recommendations and in","other relevant European Semester","documents officially adopted by the","Commission;","(ii) in the four years prior to the","Member State's support request, the","Council never established that an","excessive deficit under Article 126(6)","TFEU exists in the Member State;","(iii) in accordance with Article 126(2)","TFEU, in the four years prior to the","Member State's support request, the ratio","of government debt to gross domestic","product in the Member State has been","sufficiently diminishing and approaching","the reference value at a satisfactory pace;","(iv) in the four years prior to the","Member State's support request, the","Member State never had a sovereign debt","credit rating below investment grade;","(v) the Member State is not subject to","a procedure referred to Article 7(1) or","7(2) of the Treaty on European Union,","(vi) the Member State is not subject to","any of the following:"],"old":["1. A Member State shall be eligible","for EISF support where it is not subject to:","",""],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"235","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-236","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:10"},"new":["1. A Member State shall be fully","eligible for EISF support if it meets its","annual intermediate targets in the context","of the Union strategy for smart,","sustainable and inclusive growth and is","not subject to:"],"old":["1. A Member State shall be eligible","for EISF support where it is not subject to:"],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"236","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Agnes Jongerius, Roberto Gualtieri","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-443","location":[["Proposal for a regulation","Article 19 a (new)"]],"meps":[125046,96991,125021,96892],"meta":{"created":"2019-07-03T06:06:10"},"new":["Article 19a","Within five years, at most, of the date of","entry into force of this Treaty, on the basis","of an assessment of the experience with its","implementation, the necessary steps shall","be taken, in accordance with the Treaty","on the European Union and the Treaty on","the Functioning of the European Union,","with the aim of incorporating the","substance of this Treaty into the legal","framework of the European Union."],"old":[""],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"443","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Martin Schirdewan","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-237","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[190517],"meta":{"created":"2019-07-03T06:06:10"},"new":["1. A Member State shall be eligible","for EISF support where it is compliant","with a development code as defined in","Article 2."],"old":["1. A Member State shall be eligible","for EISF support where it is not subject to:"],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"237","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Jon\u00e1s Fern\u00e1ndez, Eider Gardiazabal Rubial, Agnes Jongerius, Luigi Morgano, Roberto Gualtieri","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-444","location":[[" Proposal for a regulation","Article 20 \u2013 paragraph 1"]],"meps":[125046,96991,125021,124788,96892],"meta":{"created":"2019-07-03T06:06:10"},"new":["1. In order to increase the impact of","public investment and potential EPS","support, Member States shall take the","necessary actions to achieve and maintain","public investment management systems","and practices of high quality."],"old":["1. In order to increase the impact of","public investment and potential EISF","support, Member States shall take the","necessary actions to achieve and maintain","public investment management systems","and practices of high quality."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"444","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Eider Gardiazabal Rubial, Jon\u00e1s Fern\u00e1ndez, Agnes Jongerius, Luigi Morgano","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-238","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 introductory part"]],"meps":[96991,125046,125021,124788],"meta":{"created":"2019-07-03T06:06:10"},"new":["1. A Member State shall be eligible","for EPS support where it is not subject to:"],"old":["1. A Member State shall be eligible","for EISF support where it is not subject to:"],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"238","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Martin Schirdewan","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-239","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point a"]],"meps":[190517],"meta":{"created":"2019-07-03T06:06:10"},"new":["deleted"],"old":["(a) a decision of the Council","establishing that no effective action has","been taken to correct its excessive deficit","under Article 126(8) or Article 126(11) of","the Treaty on the Functioning of the","European Union in the two years prior to","requesting support from the EISF;"],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"239","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-445","location":[[" Proposal for a regulation","Article 20 \u2013 paragraph 2"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:10"},"new":["2. By [DATE two years after the entry","into force of this Regulation] at the latest,","and every five years after, an independent","scientific institute selected by the Member","State which has the lowest ratio of","Investment Stabilisation Function loans","over nominal GDP, shall examine the","quality of the public investment","management systems and practices in","Member States. The independent scientific","institute shall prepare a report containing a","qualitative assessment and a score based on","a set of indicators and, if necessary,","recommendations to improve the quality of","the public investment management systems","and practices. The report shall be made","public."],"old":["2. By [DATE two years after the entry","into force of this Regulation] at the latest,","and every five years after, the Commission","shall examine the quality of the public","investment management systems and","practices in Member States. The","Commission shall prepare a report","containing a qualitative assessment and a","score based on a set of indicators and, if","necessary, recommendations to improve","the quality of the public investment","management systems and practices. The","report shall be made public.",""],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"445","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":"Bernd Lucke","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-240","location":[["Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point a"]],"meps":[124820],"meta":{"created":"2019-07-03T06:06:10"},"new":["(a) a decision of the Council","establishing that no effective action has","been taken to correct its excessive deficit","under Article 126(8) or Article 126(11) of","the Treaty on the Functioning of the","European Union in the ten years prior to","requesting support from the EISF;"],"old":["(a) a decision of the Council","establishing that no effective action has","been taken to correct its excessive deficit","under Article 126(8) or Article 126(11) of","the Treaty on the Functioning of the","European Union in the two years prior to","requesting support from the EISF;"],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"240","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Philippe Lamberts, Jordi Sol\u00e9 on behalf of the Verts/ALE Group","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-446","location":[["Proposal for a regulation","Article 20 \u2013 paragraph 2"]],"meps":[96648,185974],"meta":{"created":"2019-07-03T06:06:10"},"new":["2. By [DATE two years after the entry","into force of this Regulation] at the latest,","and every two years after, the Commission","shall examine the quality of the public","investment management systems and","practices in Member States. The","Commission shall prepare a report","containing a qualitative assessment and a","score based on a set of indicators and, if","necessary, recommendations to improve","the quality of the public investment","management systems and practices. The","report shall be made public."],"old":["2. By [DATE two years after the entry","into force of this Regulation] at the latest,","and every five years after, the Commission","shall examine the quality of the public","investment management systems and","practices in Member States. The","Commission shall prepare a report","containing a qualitative assessment and a","score based on a set of indicators and, if","necessary, recommendations to improve","the quality of the public investment","management systems and practices. The","report shall be made public."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"446","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Esther de Lange","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-241","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point a"]],"meps":[38398],"meta":{"created":"2019-07-03T06:06:10"},"new":["(a) a decision of the Council","establishing that no effective action has","been taken to correct its excessive deficit","under Article 126(8) or Article 126(11) of","the Treaty on the Functioning of the","European Union in the five years prior to","requesting support from the EISF and five","years after requesting the support;"],"old":["(a) a decision of the Council","establishing that no effective action has","been taken to correct its excessive deficit","under Article 126(8) or Article 126(11) of","the Treaty on the Functioning of the","European Union in the two years prior to","requesting support from the EISF;"],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"241","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":"Siegfried Mure\u015fan, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-447","location":[["Proposal for a regulation","Article 21 \u2013 paragraph 2"]],"meps":[124802,28124],"meta":{"created":"2019-07-03T06:06:11"},"new":["2. 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The delegation of power referred to","in Article 10, Article 19(3), and Article","20(5) shall be conferred on the","Commission for an indeterminate period of","time from [DATE/entry into force of this","Regulation]."],"orig_lang":"en","peid":"PE630.444v01-00","reference":"2018/0212(COD)","seq":"447","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630444_EN.pdf"},{"authors":" Markus Ferber, Siegfried Mure\u015fan","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-09T00:00:00","id":"PE630.417-242","justification":" Member States shall only be eligible to receive support if they have a strong track record of\n being in compliance with the EU rules of economic governance.","location":[[" Proposal for a regulation","Article 3 \u2013 paragraph 1 \u2013 point a"]],"meps":[1917,124802],"meta":{"created":"2019-07-03T06:06:10"},"new":["(a) A decision of the Council in","accordance with Article 126 (6) of the","TFEU establishing that an excessive","deficits exists in the five years prior to","requesting support from the EISF;"],"old":["(a) a decision of the Council","establishing that no effective action has","been taken to correct its excessive deficit","under Article 126(8) or Article 126(11) of","the Treaty on the Functioning of the","European Union in the two years prior to","requesting support from the EISF;"],"orig_lang":"en","peid":"PE630.417v01-00","reference":"2018/0212(COD)","seq":"242","src":"http://www.europarl.europa.eu/doceo/document/CJ16-AM-630417_EN.pdf"},{"authors":" Siegfried Mure\u015fan, Gunnar H\u00f6kmark","changes":{},"committee":["BUDG","ECON"],"date":"2018-11-08T00:00:00","id":"PE630.444-448","location":[[" Proposal for a regulation","Article 21 \u2013 paragraph 3"]],"meps":[124802,28124],"meta":{"created":"2019-07-03T06:06:11"},"new":["3. The delegation of power referred to","in Article 19(3) and Article 20(4), may be","revoked at any time by the European","Parliament or the Council. A decision to","revoke shall put an end to the delegation of","the power specified in that decision. It shall","take effect the day following the","publication of the decision in the Official","Journal of the European Union or at a later","date specified therein. It shall not affect the","validity of any delegated acts already in","force."],"old":["3. The delegation of power referred to","in Article 10, Article 19(3) and Article","20(5), may be revoked at any time by the","European Parliament or the Council. A","decision to revoke shall put an end to the","delegation of the power specified in that","decision. It shall take effect the day","following the publication of the decision in","the Official Journal of the European Union","or at a later date specified therein. 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Deep and sustained","recessions have considerable negative","effects \u2013 both as the long-term","unemployed workers lose their skills, as","well as the economy losing productive","capacity due to prolonged under-","investment caused by insufficient","aggregate demand."],"old":["(4) The unprecedented financial crisis","and economic downturn that hit the world","and the euro area has shown that in the","euro area available instruments such as the","single monetary policy, automatic fiscal","stabilisers and discretionary fiscal policy","measures at national level are insufficient","to absorb large asymmetric shocks."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"55","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-56","location":[[" Proposal for a regulation","Recital 4"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:55"},"new":["(4) The unprecedented financial and","social crisis and economic downturn that","hit the world and the euro area has shown","that in the euro area available instruments","such as the single monetary policy,","automatic fiscal stabilisers and","discretionary fiscal policy measures at","national level are insufficient to provide","sustainable solutions, absorb large","asymmetric shocks, or prevent the most","vulnerable being hit disproportionately","high."],"old":["(4) The unprecedented financial crisis","and economic downturn that hit the world","and the euro area has shown that in the","euro area available instruments such as the","single monetary policy, automatic fiscal","stabilisers and discretionary fiscal policy","measures at national level are insufficient","to absorb large asymmetric shocks."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"56","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Ulrike Trebesius","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-57","location":[[" Proposal for a regulation","Recital 4"]],"meps":[124829],"meta":{"created":"2019-07-03T06:16:55"},"new":["(4) The unprecedented financial crisis","and economic downturn that hit the world","and the euro area has shown that in the","euro area available instruments such as the","single monetary policy, automatic fiscal","stabilisers and discretionary fiscal policy","measures at national level are insufficient","in multiple countries to absorb large","asymmetric shocks."],"old":["(4) The unprecedented financial crisis","and economic downturn that hit the world","and the euro area has shown that in the","euro area available instruments such as the","single monetary policy, automatic fiscal","stabilisers and discretionary fiscal policy","measures at national level are insufficient","to absorb large asymmetric shocks."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"57","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-58","location":[["Proposal for a regulation","Recital 4 a (new)"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:55"},"new":["(4 a) Climate change should be","considered as a potential asymmetric","shock for the EU economy. Climate","change impacts EU regions differently","and if no further action is taken, the EU's","Joint Research Centre estimates that","climate damages to the EU economy","could amount to at least \u20ac190 billion, a","net welfare loss of 1.8% of its current","GDP. Sustainable and responsible","economic, employment, social and climate","policies would contribute to the","prevention of further asymetric shocks."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"58","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"\u00c1d\u00e1m K\u00f3sa","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-59","location":[["Proposal for a regulation","Recital 5"]],"meps":[96829],"meta":{"created":"2019-07-03T06:16:55"},"new":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States have to","rely more heavily on remaining","instruments of economic policy, such as","automatic fiscal stabilisers and other","discretionary fiscal measures, making the","adjustment more difficult overall. The","sequence of the crisis in euro area also","suggests strong reliance on the single","monetary policy to provide for macro-","economic stabilisation in severe macro-","economic circumstances."],"old":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange","rate mechanism (ERM II) have to rely","more heavily on remaining instruments of","economic policy, such as automatic fiscal","stabilisers and other discretionary fiscal","measures, making the adjustment more","difficult overall. The sequence of the crisis","in euro area also suggests strong reliance","on the single monetary policy to provide","for macro-economic stabilisation in severe","macro-economic circumstances."],"orig_lang":"hu","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"59","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-60","location":[[" Proposal for a regulation","Recital 5"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:56"},"new":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II) have to rely more","heavily on remaining instruments of","economic policy, such as automatic fiscal","stabilisers and other discretionary fiscal","measures, making the adjustment more","difficult overall, and especially for the","most vulnerable. The sequence of the crisis","in euro area also suggests strong reliance","on the single monetary policy to provide","for macro-economic stabilisation in severe","macro-economic circumstances."],"old":["(5) In order to facilitate","macroeconomic adjustment and cushion","large asymmetric shocks in the current","institutional set-up, Member States whose","currency is the euro and other Member","States that participate in the exchange rate","mechanism (ERM II) have to rely more","heavily on remaining instruments of","economic policy, such as automatic fiscal","stabilisers and other discretionary fiscal","measures, making the adjustment more","difficult overall. The sequence of the crisis","in euro area also suggests strong reliance","on the single monetary policy to provide","for macro-economic stabilisation in severe","macro-economic circumstances."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"60","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Ulrike Trebesius","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-61","location":[[" Proposal for a regulation","Recital 6"]],"meps":[124829],"meta":{"created":"2019-07-03T06:16:56"},"new":["(6) The financial crisis has resulted in a","pro-cyclical pattern for fiscal policies,","which has been detrimental to the quality","of public finances and in particular for","public investment. Much of this can be","attributed to a lack of fiscal leeway due to","huge debt levels at the outbreak of the","crisis or even at the time of the entry into","the Euro area. In turn, that shortcoming","has contributed to widespread differences","in macroeconomic performance between","Member States, imperilling cohesion."],"old":["(6) The financial crisis has resulted in a","pro-cyclical pattern for fiscal policies,","which has been detrimental to the quality","of public finances and in particular for","public investment. In turn, that","shortcoming has contributed to widespread","differences in macroeconomic performance","between Member States, imperilling","cohesion."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"61","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-62","location":[["Proposal for a regulation","Recital 6"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:56"},"new":["(6) The financial crisis has resulted in a","pro-cyclical pattern for fiscal policies,","which has been detrimental to the quality","of public finances and in particular for","public social investment. In turn, that","shortcoming has contributed to widespread","differences in macroeconomic performance","between Member States, imperilling","cohesion."],"old":["(6) The financial crisis has resulted in a","pro-cyclical pattern for fiscal policies,","which has been detrimental to the quality","of public finances and in particular for","public investment. In turn, that","shortcoming has contributed to widespread","differences in macroeconomic performance","between Member States, imperilling","cohesion."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"62","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Ulrike Trebesius","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-63","location":[["Proposal for a regulation","Recital 7"]],"meps":[124829],"meta":{"created":"2019-07-03T06:16:56"},"new":["deleted"],"old":["(7) Additional instruments are","therefore necessary to avoid in the future","that large asymmetric shocks result into","deeper and broader situations of stress","and weaken cohesion."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"63","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Sergio Guti\u00e9rrez Prieto, Agnes Jongerius, Javi L\u00f3pez, Vilija Blinkevi\u010di\u016bt\u0117, Brando Benifei, Miapetra Kumpula-Natri","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-64","location":[[" Proposal for a regulation","Recital 7"]],"meps":[103488,125021,125042,96681,124867,124735],"meta":{"created":"2019-07-03T06:16:56"},"new":["(7) Additional instruments are","therefore necessary to avoid in the future","that large asymmetric shocks result into","deeper and broader situations of stress and","weaken economic, territorial and social","cohesion and increase inequalities and","poverty. These instruments should address","the crucial macroeconomic problem of","insufficient aggregate demand during","recessions leading to a prolonged","stagnation, especially after asymmetric","shocks. This also means stimulating","domestic demand through wage increases,","supporting unemployment schemes and","public investment, as the right trigger for","productivity increases."],"old":["(7) Additional instruments are","therefore necessary to avoid in the future","that large asymmetric shocks result into","deeper and broader situations of stress and","weaken cohesion."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"64","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Geoffroy Didier, Anne Sander, J\u00e9r\u00f4me Lavrilleux, Elisabeth Morin-Chartier","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-65","location":[[" Proposal for a regulation","Recital 7"]],"meps":[190774,24594,124731,38596],"meta":{"created":"2019-07-03T06:16:56"},"new":["(7) Additional instruments are","therefore necessary to avoid the possibility","in the future that large asymmetric shocks","will result in deeper and broader situations","of stress and weaken economic, social, and","territorial cohesion."],"old":["(7) Additional instruments are","therefore necessary to avoid in the future","that large asymmetric shocks result into","deeper and broader situations of stress and","weaken cohesion."],"orig_lang":"fr","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"65","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"\u00c1d\u00e1m K\u00f3sa","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-66","location":[["Proposal for a regulation","Recital 8"]],"meps":[96829],"meta":{"created":"2019-07-03T06:16:56"},"new":["(8) In particular, in order to support","Member States to respond better to rapidly","changing economic circumstances and","stabilise their economy by preserving","public investment in the event of large","asymmetric shocks, a European Investment","Stabilisation Function (EISF) should be","established."],"old":["(8) In particular, in order to support","Member States whose currency is the euro","to respond better to rapidly changing","economic circumstances and stabilise their","economy by preserving public investment","in the event of large asymmetric shocks, a","European Investment Stabilisation","Function (EISF) should be established."],"orig_lang":"hu","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"66","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Sergio Guti\u00e9rrez Prieto, Agnes Jongerius, Javi L\u00f3pez, Vilija Blinkevi\u010di\u016bt\u0117, Brando Benifei, Miapetra Kumpula-Natri","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-67","location":[["Proposal for a regulation","Recital 8 a (new)"]],"meps":[103488,125021,125042,96681,124867,124735],"meta":{"created":"2019-07-03T06:16:56"},"new":["(8 a) However, financial instruments","such as loans or guarantees cannot","adequately replace investments in social","and sustainability projects. In the context","of a highly volatile political climate, more","flexibility to allow for productive public","spending coupled with a more ambitious","reform of the eurozone are both urgently","required."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"67","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"\u00c1d\u00e1m K\u00f3sa","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-68","location":[["Proposal for a regulation","Recital 9"]],"meps":[96829],"meta":{"created":"2019-07-03T06:16:56"},"new":["(9) EISF should benefit all the Member","States."],"old":["(9) EISF should not only benefit","Member States whose currency is the euro","but also other Member States that","participate in the exchange rate","mechanism (ERM II)."],"orig_lang":"hu","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"68","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-69","location":[[" Proposal for a regulation","Recital 10"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:56"},"new":["(10) EISF should be a Union instrument","which complements national fiscal","policies. It should be recalled that Member","States should pursue inclusive and sound","fiscal, social and employment policies and","build up fiscal buffers in favourable","economic times."],"old":["(10) EISF should be a Union instrument","which complements national fiscal","policies. It should be recalled that Member","States should pursue sound fiscal policies","and build up fiscal buffers in favourable","economic times."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"69","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Sergio Guti\u00e9rrez Prieto, Agnes Jongerius, Javi L\u00f3pez, Vilija Blinkevi\u010di\u016bt\u0117, Brando Benifei, Miapetra Kumpula-Natri","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-70","location":[[" Proposal for a regulation","Recital 11"]],"meps":[103488,125021,125042,96681,124867,124735],"meta":{"created":"2019-07-03T06:16:57"},"new":["(11) At Union level, the European","Semester of economic and social policy","coordination is the framework to identify","national reform priorities and monitor their","implementation, including the","implementation of the principles of the","European Pillar of Social Rights. Member","States develop their own national","multiannual investment strategies in","support of those reform priorities. Those","strategies should be presented alongside","the yearly National Reform Programmes as","a way to outline and coordinate priority","investment projects to be supported by","national and/or Union funding. They","should also serve to use Union funding in a","coherent manner and to maximise the","added value of the financial support to be","received notably from the programmes","supported by the Union under the","European Regional Development Fund, the","Cohesion fund, the European Social Fund,","the European Maritime and Fisheries Fund","and the European Agricultural Fund for","Rural Development,, the EISF and Invest","EU, where relevant."],"old":["(11) At Union level, the European","Semester of economic policy coordination","is the framework to identify national","reform priorities and monitor their","implementation. Member States develop","their own national multiannual investment","strategies in support of those reform","priorities. Those strategies should be","presented alongside the yearly National","Reform Programmes as a way to outline","and coordinate priority investment projects","to be supported by national and/or Union","funding. They should also serve to use","Union funding in a coherent manner and to","maximise the added value of the financial","support to be received notably from the","programmes supported by the Union under","the European Regional Development Fund,","the Cohesion fund, the European Social","Fund, the European Maritime and Fisheries","Fund and the European Agricultural Fund","for Rural Development,, the EISF and","InvestEU, where relevant."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"70","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-71","location":[["Proposal for a regulation","Recital 11"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:57"},"new":["(11) At Union level, the European","Semester of economic, employment and","social policy coordination is the framework","to identify national reform priorities and","monitor their implementation. Member","States develop their own national","multiannual investment strategies in","support of those reform priorities. Those","strategies should be presented alongside","the yearly National Reform Programmes as","a way to outline and coordinate priority","investment projects to be supported by","national and/or Union funding. They","should also serve to use Union funding in a","coherent manner and to maximise the","added value of the financial support to be","received notably from the programmes","supported by the Union under the","European Regional Development Fund, the","Cohesion fund, the European Social Fund","Plus, the European Maritime and Fisheries","Fund and the European Agricultural Fund","for Rural Development, the EISF and","InvestEU, where relevant."],"old":["(11) At Union level, the European","Semester of economic policy coordination","is the framework to identify national","reform priorities and monitor their","implementation. Member States develop","their own national multiannual investment","strategies in support of those reform","priorities. Those strategies should be","presented alongside the yearly National","Reform Programmes as a way to outline","and coordinate priority investment projects","to be supported by national and/or Union","funding. They should also serve to use","Union funding in a coherent manner and to","maximise the added value of the financial","support to be received notably from the","programmes supported by the Union under","the European Regional Development Fund,","the Cohesion fund, the European Social","Fund, the European Maritime and Fisheries","Fund and the European Agricultural Fund","for Rural Development,, the EISF and","InvestEU, where relevant."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"71","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" \u00c1d\u00e1m K\u00f3sa","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-72","location":[[" Proposal for a regulation","Recital 13"]],"meps":[96829],"meta":{"created":"2019-07-03T06:16:57"},"new":["(13) EISF support should be given in","case one or several Member States are","confronted with a large asymmetric shock.","Changes in unemployment rates are highly","correlated with business cycle fluctuations","in such Member States. Strong increases in","national unemployment rates above their","long-term averages are a clear indicator of","a large shock in a specific Member State.","Asymmetric shocks affect one or several","Member States significantly more strongly","than the average of Member States."],"old":["(13) EISF support should be given in","case one or several Member States whose","currency is the euro or other Member","States that participate in the exchange","rate mechanism (ERM II) are confronted","with a large asymmetric shock. Changes in","unemployment rates are highly correlated","with business cycle fluctuations in such","Member States. Strong increases in","national unemployment rates above their","long-term averages are a clear indicator of","a large shock in a specific Member State.","Asymmetric shocks affect one or several","Member States significantly more strongly","than the average of Member States."],"orig_lang":"hu","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"72","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-73","location":[[" Proposal for a regulation","Recital 13"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:57"},"new":["(13) EISF support should be given in","case one or several Member States whose","currency is the euro or other Member","States that participate in the exchange rate","mechanism (ERM II) are confronted with a","large asymmetric shock. Changes in","unemployment rates and material","deprivation are highly correlated with","business cycle fluctuations in such Member","States. Strong increases in national","unemployment rates or material","deprivation above their long-term averages","are a clear indicator of a large shock in a","specific Member State. Asymmetric shocks","affect one or several Member States","significantly more strongly than the","average of Member States."],"old":["(13) EISF support should be given in","case one or several Member States whose","currency is the euro or other Member","States that participate in the exchange rate","mechanism (ERM II) are confronted with a","large asymmetric shock. Changes in","unemployment rates are highly correlated","with business cycle fluctuations in such","Member States. Strong increases in","national unemployment rates above their","long-term averages are a clear indicator of","a large shock in a specific Member State.","Asymmetric shocks affect one or several","Member States significantly more strongly","than the average of Member States."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"73","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Sergio Guti\u00e9rrez Prieto, Agnes Jongerius, Javi L\u00f3pez, Vilija Blinkevi\u010di\u016bt\u0117, Brando Benifei, Miapetra Kumpula-Natri","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-74","location":[["Proposal for a regulation","Recital 14"]],"meps":[103488,125021,125042,96681,124867,124735],"meta":{"created":"2019-07-03T06:16:57"},"new":["(14) The activation of EISF support","should therefore be determined by a double","activation trigger based on both the level of","national unemployment rate compared to","its past average and the change in","unemployment compared to a certain","threshold. However, having","unemployment as the sole criterion to","activate support may lead to some","deficiencies with regard to the timeliness","of the stabilisation function. Other","complementary indicators which normally","precede unemployment in terms of","predicting an impending large shock","could be considered in a way that an","initial level of support can be triggered","before the \"large\" shock is fully","transmitted to the unemployment."],"old":["(14) The activation of EISF support","should therefore be determined by a double","activation trigger based on both the level of","national unemployment rate compared to","its past average and the change in","unemployment compared to a certain","threshold."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"74","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Enrique Calvet Chambon, Ivo Vajgl, Ant\u00f3nio Marinho e Pinto","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-75","location":[[" Proposal for a regulation","Recital 14"]],"meps":[129407,97019,124742],"meta":{"created":"2019-07-03T06:16:57"},"new":["(14) The activation of EISF support","should therefore be determined by a double","activation trigger based on both the level of","national unemployment and long-term","unemployment rate compared to its past","average and the change in unemployment","compared to a certain threshold. The","activation of EISF support should be","determined also by the level of population","at-risk-of-poverty or social exclusion and","the level of general government","expenditure in social aspects in terms of","GDP compared with the past levels;"],"old":["(14) The activation of EISF support","should therefore be determined by a double","activation trigger based on both the level of","national unemployment rate compared to","its past average and the change in","unemployment compared to a certain","threshold."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"75","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Geoffroy Didier, Anne Sander, J\u00e9r\u00f4me Lavrilleux, Elisabeth Morin-Chartier","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-76","location":[[" Proposal for a regulation","Recital 14"]],"meps":[190774,24594,124731,38596],"meta":{"created":"2019-07-03T06:16:57"},"new":["(14) The activation of EISF support","should therefore be determined by a double","activation trigger based on both the level of","national unemployment rate compared to","its past average and the change in","unemployment compared to a certain","threshold. The formula for calculating the","amount of EISF loan support should also","take into account the trend in the youth","unemployment rate in the Member State","requesting support."],"old":["(14) The activation of EISF support","should therefore be determined by a double","activation trigger based on both the level of","national unemployment rate compared to","its past average and the change in","unemployment compared to a certain","threshold."],"orig_lang":"fr","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"76","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-77","location":[["Proposal for a regulation","Recital 14"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:57"},"new":["(14) The activation of EISF support","should therefore be determined by a triple","activation trigger based on both the level of","national unemployment rate compared to","its past average and the change in","unemployment and material deprivation","compared to a certain threshold."],"old":["(14) The activation of EISF support","should therefore be determined by a double","activation trigger based on both the level of","national unemployment rate compared to","its past average and the change in","unemployment compared to a certain","threshold."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"77","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Sergio Guti\u00e9rrez Prieto, Agnes Jongerius, Javi L\u00f3pez, Vilija Blinkevi\u010di\u016bt\u0117, Brando Benifei, Miapetra Kumpula-Natri","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-78","location":[["Proposal for a regulation","Recital 14 a (new)"]],"meps":[103488,125021,125042,96681,124867,124735],"meta":{"created":"2019-07-03T06:16:57"},"new":["(14 a) It is important to have an","instrument in place that can be activated","before there is a negative impact on the","labour market. It is necessary to","complement the unemployment criterion","with a set of early warning indictors that","can help to assess the risks of an","economic shock well in advance to ensure","the timelines and effectiveness of the","proposed stabilisation function. In this","way, the proposed stabilisation function","would be much more timely and effective.","Supplementary indicators that","complement the unemployment rate are","needed to provide for a more complete","picture of the impacts in the labour","market. Underemployed part-time","workers, persons seeking work but not","immediately available and persons","available to work but not seeking are","indicators that supplement the","unemployment rate, thus providing an","enhanced and richer picture than the","traditional labour status framework and a","more accurate information about the real","impact of unemployment in the","macroeconomic stability of the Member","State."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"78","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Sergio Guti\u00e9rrez Prieto, Agnes Jongerius, Javi L\u00f3pez, Vilija Blinkevi\u010di\u016bt\u0117, Brando Benifei, Miapetra Kumpula-Natri","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-79","location":[[" Proposal for a regulation","Recital 14 b (new)"]],"meps":[103488,125021,125042,96681,124867,124735],"meta":{"created":"2019-07-03T06:16:57"},"new":["(14 b) In 2017, there were 8.973 million","underemployed part-time workers in the","EU-28. In addition to this, 8.127 million","persons were available to work, but did","not look for a job, and another 2.289","million persons were looking for jobs,","without being able to start working within","a short time period. These two last groups","are normally jointly referred to as the","potential additional labour force. In total","this means that in 2017 in the EU-28,","19.389 million persons had some","resemblance to being unemployed,","without fulfilling all the ILO criteria for","being so. This is almost the same amount","of persons who were unemployed","according to the ILO criteria (18.776","million)."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"79","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Sergio Guti\u00e9rrez Prieto, Agnes Jongerius, Javi L\u00f3pez, Vilija Blinkevi\u010di\u016bt\u0117, Brando Benifei, Miapetra Kumpula-Natri","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-80","location":[[" Proposal for a regulation","Recital 14 c (new)"]],"meps":[103488,125021,125042,96681,124867,124735],"meta":{"created":"2019-07-03T06:16:57"},"new":["(14 c) The 15 year average","unemployment rate which has to be","exceeded for a Member State to qualify","for support may work against countries","that have been successful in reducing","structural unemployment. A shorter time","frame would be more suitable."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"80","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-81","location":[["Proposal for a regulation","Recital 15"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:57"},"new":["(15) Strict eligibility criteria based on","compliance with decisions and","recommendations under the Union's fiscal","and economic surveillance framework over","a period of two years before the request for","EISF support should be fulfilled by the","Member State requesting EISF support in","order not to diminish the incentive for that","Member State to pursue socially","responsible and prudent budgetary","policies, with full respect to the rights","guaranteed by the Charter of","Fundamental Rights."],"old":["(15) Strict eligibility criteria based on","compliance with decisions and","recommendations under the Union's fiscal","and economic surveillance framework over","a period of two years before the request for","EISF support should be fulfilled by the","Member State requesting EISF support in","order not to diminish the incentive for that","Member State to pursue prudent budgetary","policies."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"81","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-82","location":[["Proposal for a regulation","Recital 16"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:57"},"new":["deleted","Regulation (EU) No 472/2013 of the"],"old":["(16) Member States whose currency is","the euro which benefit from financial","assistance by the ESM, the European","Financial Stabilisation Mechanism","(EFSM) or the International Monetary","Fund (IMF) and which are under a","macro-economic adjustment programme","within the meaning of Article 7(2) of","Regulation (EU) No 472/2013 of the","European Parliament and of the","Council12 should not benefit from EISF","support since their financing needs","including for maintaining public","investment are addressed via the financial","assistance granted.","_________________","12","","European Parliament and of the Council","of 21 May 2013 on thestrengthening of","economic and budgetary surveillance of","Member States in the euro area","experiencing or threatened with serious","difficulties with respect to their financial","stability, (OJ L 140, 27.5.2013, p. 1)."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"82","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" \u00c1d\u00e1m K\u00f3sa","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-83","location":[[" Proposal for a regulation","Recital 16"]],"meps":[96829],"meta":{"created":"2019-07-03T06:16:57"},"new":["(16) Member States which benefit from","financial assistance by the ESM, the","European Financial Stabilisation","Mechanism (EFSM) or the International","Monetary Fund (IMF) and which are under","a macro-economic adjustment programme","within the meaning of Article 7(2) of","Regulation (EU) No 472/2013 of the","European Parliament and of the Council12","should not benefit from EISF support since","their financing needs including for","maintaining public investment are","addressed via the financial assistance","granted.","_________________","12","Regulation (EU) No 472/2013 of the","European Parliament and of the Council of","21 May 2013 on the strengthening of","economic and budgetary surveillance of","Member States in the euro area","experiencing or threatened with serious","difficulties with respect to their financial","stability, (OJ L 140, 27.5.2013, p. 1)."],"old":["(16) Member States whose currency is","the euro which benefit from financial","assistance by the ESM, the European","Financial Stabilisation Mechanism (EFSM)","or the International Monetary Fund (IMF)","and which are under a macro-economic","adjustment programme within the meaning","of Article 7(2) of Regulation (EU) No","472/2013 of the European Parliament and","of the Council12should not benefit from","EISF support since their financing needs","including for maintaining public","investment are addressed via the financial","assistance granted.","_________________","","12","Regulation (EU) No 472/2013 of the","European Parliament and of the Council of","21 May 2013 on thestrengthening of","economic and budgetary surveillance of","Member States in the euro area","experiencing or threatened with serious","difficulties with respect to their financial","stability, (OJ L 140, 27.5.2013, p. 1)."],"orig_lang":"hu","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"83","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Ulrike Trebesius","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-84","location":[["Proposal for a regulation","Recital 20"]],"meps":[124829],"meta":{"created":"2019-07-03T06:16:57"},"new":["(20) With a view to swiftly provide","EISF support, the competence for granting","the loans when the eligibility and","activation criteria are fulfilled and deciding","on granting interest rate subsidies should","be entrusted to an authority controlled by","the member states. To activate support,","the decision needs to be supported by a","group of member states with 2/3 of the","population of the EU."],"old":["(20) With a view to swiftly provide","EISF support, the competence for granting","the loans when the eligibility and","activation criteria are fulfilled and deciding","on granting interest rate subsidies should","be entrusted to the Commission."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"84","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Sergio Guti\u00e9rrez Prieto, Agnes Jongerius, Javi L\u00f3pez, Vilija Blinkevi\u010di\u016bt\u0117, Brando Benifei, Miapetra Kumpula-Natri","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-85","location":[["Proposal for a regulation","Recital 21"]],"meps":[103488,125021,125042,96681,124867,124735],"meta":{"created":"2019-07-03T06:16:57"},"new":["(21) (21) Member States should invest","the support received under EISF in eligible","public investment and also maintain the","level of public investment in general","compared to the average level of public","investment over the five last years in order","to ensure that the objective pursued by this","Regulation is achieved. In that respect,","there is the expectation that Member States","should give priority, amongst others, to","maintaining eligible investment in","programmes supported by the Union under","the European Regional Development Fund,","the Cohesion fund, the European Social","Fund Plus, the European Maritime and","Fisheries Fund and the European","Agricultural Fund for Rural Development.","While the Commission manages the","public investment financed loans provided","through the EISF, the Member State","concerned should be allowed sufficient","leeway in determining the type of","investment required and a balance should","be struck between the Commission's","oversight on one side and, on the other","hand, the concerned Member State's","discretion on public spending"],"old":["(21) Member States should invest the","support received under EISF in eligible","public investment and also maintain the","level of public investment in general","compared to the average level of public","investment over the five last years in order","to ensure that the objective pursued by this","Regulation is achieved. In that respect,","there is the expectation that Member States","should give priority to maintaining eligible","investment in programmes supported by","the Union under the European Regional","Development Fund, the Cohesion fund, the","European Social Fund, the European","Maritime and Fisheries Fund and the","European Agricultural Fund for Rural","Development.."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"85","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Jean Lambert on behalf of the Verts/ALE Group","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-86","location":[[" Proposal for a regulation","Recital 21"]],"meps":[4531],"meta":{"created":"2019-07-03T06:16:57"},"new":["(21) Member States should invest the","support received under EISF in eligible","public investment, with priority given to","social investment, and maintain at least the","level of public social investment and","public investment in general compared,","respectively, to the average level of public","social investment and public investment in","general over the five last years in order to","ensure that the objective pursued by this","Regulation is achieved. In that respect,","Member States should give priority to at","least maintaining eligible investment in","programmes supported by the Union under","the social inclusion part of the European","Social Fund Plus, the European Regional","Development Fund, the Cohesion fund, the","European Maritime and Fisheries Fund and","the European Agricultural Fund for Rural","Development."],"old":["(21) Member States should invest the","support received under EISF in eligible","public investment and also maintain the","level of public investment in general","compared to the average level of public","investment over the five last years in order","to ensure that the objective pursued by this","Regulation is achieved. In that respect,","there is the expectation that Member","States should give priority to maintaining","eligible investment in programmes","supported by the Union under the","European Regional Development Fund, the","Cohesion fund, the European Social Fund,","the European Maritime and Fisheries Fund","and the European Agricultural Fund for","Rural Development.."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"86","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Thomas Mann, Markus Pieper, Markus Ferber, Dieter-Lebrecht Koch, Sven Schulze","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-87","location":[["Proposal for a regulation","Recital 33"]],"meps":[1922,28224,1917,1852,124809],"meta":{"created":"2019-07-03T06:16:58"},"new":["deleted"],"old":["(33) EISF should be considered as a","first step in the development over time of a","fully-fledged insurance mechanism to","cater for macro-economic stabilisation.","Currently, EISF would be based on loans","and granting of interest rate subsidies. In","parallel, it is not excluded that the ESM","or its legal successor would be involved in","the future by providing financial","assistance to Member States whose","currency is the euro facing adverse","economic conditions in support of public","investment. Moreover, a voluntary","insurance mechanism with a borrowing","capacity based on voluntary contributions","by Member States could be set up in the","future to provide for a powerful","instrument for the purpose of macro-","economic stabilisation against asymmetric","shocks."],"orig_lang":"de","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"87","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Geoffroy Didier, Anne Sander, J\u00e9r\u00f4me Lavrilleux","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-88","location":[["Proposal for a regulation","Recital 33"]],"meps":[190774,24594,124731],"meta":{"created":"2019-07-03T06:16:58"},"new":["deleted"],"old":["(33) EISF should be considered as a","first step in the development over time of a","fully-fledged insurance mechanism to","cater for macro-economic stabilisation.","Currently, EISF would be based on loans","and granting of interest rate subsidies. In","parallel, it is not excluded that the ESM","or its legal successor would be involved in","the future by providing financial","assistance to Member States whose","currency is the euro facing adverse","economic conditions in support of public","investment. Moreover, a voluntary","insurance mechanism with a borrowing","capacity based on voluntary contributions","by Member States could be set up in the","future to provide for a powerful","instrument for the purpose of macro-","economic stabilisation against asymmetric","shocks."],"orig_lang":"fr","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"88","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" Ulrike Trebesius","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-89","location":[[" Proposal for a regulation","Recital 33"]],"meps":[124829],"meta":{"created":"2019-07-03T06:16:58"},"new":["deleted"],"old":["(33) EISF should be considered as a","first step in the development over time of a","fully-fledged insurance mechanism to","cater for macro-economic stabilisation.","Currently, EISF would be based on loans","and granting of interest rate subsidies. In","parallel, it is not excluded that the ESM","or its legal successor would be involved in","the future by providing financial","assistance to Member States whose","currency is the euro facing adverse","economic conditions in support of public","investment. Moreover, a voluntary","insurance mechanism with a borrowing","capacity based on voluntary contributions","by Member States could be set up in the","future to provide for a powerful","instrument for the purpose of macro-","economic stabilisation against asymmetric","shocks."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"89","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"\u00c1d\u00e1m K\u00f3sa","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-90","location":[["Proposal for a regulation","Recital 33"]],"meps":[96829],"meta":{"created":"2019-07-03T06:16:58"},"new":["(33) EISF should be considered as a first","step in the development over time of a","fully-fledged insurance mechanism to cater","for macro-economic stabilisation.","Currently, EISF would be based on loans","and granting of interest rate subsidies. In","parallel, it is not excluded that the ESM or","its legal successor would be involved in the","future by providing financial assistance to","Member States facing adverse economic","conditions in support of public investment.","Moreover, a voluntary insurance","mechanism with a borrowing capacity","based on voluntary contributions by","Member States could be set up in the future","to provide for a powerful instrument for the","purpose of macro-economic stabilisation","against asymmetric shocks."],"old":["(33) EISF should be considered as a first","step in the development over time of a","fully-fledged insurance mechanism to cater","for macro-economic stabilisation.","Currently, EISF would be based on loans","and granting of interest rate subsidies. In","parallel, it is not excluded that the ESM or","its legal successor would be involved in the","future by providing financial assistance to","Member States whose currency is the euro","facing adverse economic conditions in","support of public investment. Moreover, a","voluntary insurance mechanism with a","borrowing capacity based on voluntary","contributions by Member States could be","set up in the future to provide for a","powerful instrument for the purpose of","macro-economic stabilisation against","asymmetric shocks."],"orig_lang":"hu","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"90","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":"Ulrike Trebesius","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-91","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 2"]],"meps":[124829],"meta":{"created":"2019-07-03T06:16:58"},"new":["2. The EISF shall provide financial","assistance in the form of loans and interest","rate subsidies for public investment to a","Member State which is experiencing a","large asymmetric shock. An asymmetric","shock is a negative economic development","that affects one region or one country","within a currency area more than other","regions or countries in the same currency","area. An asymmetric schock will usually","affect the economic structure of a country","and can not simply be overcome by","temporarily increased fiscal spending. It","can be overcome by a focus on education","and entrepreneurship and by becoming","competitive in order to attract new private","investment and new industries. A common","currency area will lead to increased","specialization and its countries and","regions will be more susceptible to","asymmetric shocks."],"old":["2. The EISF shall provide financial","assistance in the form of loans and interest","rate subsidies for public investment to a","Member State which is experiencing a","large asymmetric shock."],"orig_lang":"en","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"91","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" \u00c1d\u00e1m K\u00f3sa","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-92","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 3"]],"meps":[96829],"meta":{"created":"2019-07-03T06:16:58"},"new":["(3) EISF support shall be available for","all Member States."],"old":["3. EISF support shall be available for","Member States whose currency is the euro","and for other Member States that","participate in the exchange rate","mechanism referred to in Article 140(1) of","the Treaty on the Functioning of the","European Union."],"orig_lang":"hu","peid":"PE629.408v01-00","reference":"2018/0212(COD)","seq":"92","src":"http://www.europarl.europa.eu/doceo/document/EMPL-AM-629408_EN.pdf"},{"authors":" \u00c1d\u00e1m K\u00f3sa","changes":{},"committee":["EMPL"],"date":"2018-10-16T00:00:00","id":"PE629.408-93","location":[[" Proposal for a regulation","Article 2 \u2013 paragraph 1 \u2013 point 1"]],"meps":[96829],"meta":{"created":"2019-07-03T06:16:58"},"new":["1. 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PURPOSE: to establish a European investment\nstabilisation function (EISF) for the period 2021-2027.
\nPROPOSED ACT: Regulation of the European Parliament\nand of the Council.
\nROLE OF THE EUROPEAN PARLIAMENT: the European\nParliament decides in accordance with the ordinary legislative\nprocedure and on an equal footing with the Council.
\n\nBACKGROUND: deepening\nthe Economic and Monetary Union (EMU) and modernising EU\npublic finances are key strands in the debate on the future of\nEurope initiated by the Commission's White\nPaper of 1 March 2017.
\n\nThe financial crisis has\nshown that in the euro area available instruments such as the\nsingle monetary policy, automatic fiscal stabilisers and\ndiscretionary fiscal policy measures at national level are\ninsufficient to absorb large asymmetric shocks. However, due to the architecture of the EMU with a\ncentralised single monetary policy but a decentralised fiscal\npolicy at national level, euro area Member States are\ninsufficiently capable to absorb large asymmetric shocks in\nisolation.
\nBy complementing the role of the existing national\nautomatic stabilisers, the European investment stabilisation\nmechanism proposed by the Commission should help stabilise\nlevels of public investment and facilitate rapid economic\nrecovery in the event of major economic shocks in euro area Member\nStates and in those participating in the European Exchange Rate\nMechanism (ERM II).
\nThe package builds, in particular, on the Five\nPresidents' Report on completing Europe's Economic and Monetary\nUnion of 22 June 2015 and on the Commission's\nreflection paper on the deepening of the Economic and Monetary\nUnion of 31 May 2017.
\nCONTENT: the proposed Regulation seeks to establish a\nEuropean investment stabilisation function\n(EISF).
\nThe EISF shall provide financial assistance in the\nform of loans and interest rate subsidies for public investment\nto a Member State which is experiencing a large asymmetric shock in\norder to enhance cohesion.
\nEISF support shall be available for Member States\nwhose currency is the euro and for other Member States that\nparticipate in the exchange rate mechanism (ERM II).
\nEligibility and activation\ncriteria: the\ndecision-making procedure allows for a lean and swift mobilisation\nand disbursement of support by the Commission following the\nfulfilment of clearly defined eligibility and activation criteria\nas well as a criterion determining the public investment that\nshould be supported.
\nThe Commission's decision to provide support\nunder the instrument shall be subject to strict eligibility\ncriteria based on compliance with decisions and recommendations\nunder the Union's fiscal and macro-economic surveillance\nframework.
\nActivation criteria for support shall be\ndetermined by a double unemployment trigger which is based on both\nthe national unemployment rate compared to its past average\nand the change in unemployment compared to a certain threshold in\nthe last year.
\nIn addition, Member States shall invest the\nsupport under the EISF in eligible public investment and\nmaintain the level of public investment in general compared to\nthe average public investment over the last five years. They\nshall also give priority to maintaining eligible investment in\nprogrammes supported by the Union under the European Regional\nDevelopment Fund, the Cohesion fund, the European Social Fund, the\nEuropean Maritime and Fisheries Fund and the European Agricultural\nFund for Rural Development..
\nStabilisation Support\nFund: the\nproposal provides for the establishment of the Stabilisation\nSupport Fund and its use. The Fund shall be endowed with\ncontributions by Member States in accordance with an\nintergovernmental agreement which determines the method for\ncalculating them and the rules regarding their transfer. For euro\narea Member States, national contributions shall be calculated as a\npercentage of the monetary income allocated to the euro area Member\nStates national central banks.
\nThe Fund shall only be used to pay the\ninterest rate subsidy and shall be administered by the\nCommission on the basis of a prudent and safe investment\nstrategy.
\nThe proposed Regulation also provides for a\npotential involvement by the European Stability Mechanism\n(ESM) or its legal successor in case the latter would autonomously\ndecide in the future to also provide financial assistance in\nsupport of public investment to cater for macro-economic\nstabilisation purposes.
\nBUDGETARY IMPLICATIONS:
\nPURPOSE: to establish a European investment\nstabilisation function (EISF) for the period 2021-2027.
\nPROPOSED ACT: Regulation of the European Parliament\nand of the Council.
\nROLE OF THE EUROPEAN PARLIAMENT: the European\nParliament decides in accordance with the ordinary legislative\nprocedure and on an equal footing with the Council.
\n\nBACKGROUND: deepening\nthe Economic and Monetary Union (EMU) and modernising EU\npublic finances are key strands in the debate on the future of\nEurope initiated by the Commission's White\nPaper of 1 March 2017.
\n\nThe financial crisis has\nshown that in the euro area available instruments such as the\nsingle monetary policy, automatic fiscal stabilisers and\ndiscretionary fiscal policy measures at national level are\ninsufficient to absorb large asymmetric shocks. However, due to the architecture of the EMU with a\ncentralised single monetary policy but a decentralised fiscal\npolicy at national level, euro area Member States are\ninsufficiently capable to absorb large asymmetric shocks in\nisolation.
\nBy complementing the role of the existing national\nautomatic stabilisers, the European investment stabilisation\nmechanism proposed by the Commission should help stabilise\nlevels of public investment and facilitate rapid economic\nrecovery in the event of major economic shocks in euro area Member\nStates and in those participating in the European Exchange Rate\nMechanism (ERM II).
\nThe package builds, in particular, on the Five\nPresidents' Report on completing Europe's Economic and Monetary\nUnion of 22 June 2015 and on the Commission's\nreflection paper on the deepening of the Economic and Monetary\nUnion of 31 May 2017.
\nCONTENT: the proposed Regulation seeks to establish a\nEuropean investment stabilisation function\n(EISF).
\nThe EISF shall provide financial assistance in the\nform of loans and interest rate subsidies for public investment\nto a Member State which is experiencing a large asymmetric shock in\norder to enhance cohesion.
\nEISF support shall be available for Member States\nwhose currency is the euro and for other Member States that\nparticipate in the exchange rate mechanism (ERM II).
\nEligibility and activation\ncriteria: the\ndecision-making procedure allows for a lean and swift mobilisation\nand disbursement of support by the Commission following the\nfulfilment of clearly defined eligibility and activation criteria\nas well as a criterion determining the public investment that\nshould be supported.
\nThe Commission's decision to provide support\nunder the instrument shall be subject to strict eligibility\ncriteria based on compliance with decisions and recommendations\nunder the Union's fiscal and macro-economic surveillance\nframework.
\nActivation criteria for support shall be\ndetermined by a double unemployment trigger which is based on both\nthe national unemployment rate compared to its past average\nand the change in unemployment compared to a certain threshold in\nthe last year.
\nIn addition, Member States shall invest the\nsupport under the EISF in eligible public investment and\nmaintain the level of public investment in general compared to\nthe average public investment over the last five years. They\nshall also give priority to maintaining eligible investment in\nprogrammes supported by the Union under the European Regional\nDevelopment Fund, the Cohesion fund, the European Social Fund, the\nEuropean Maritime and Fisheries Fund and the European Agricultural\nFund for Rural Development..
\nStabilisation Support\nFund: the\nproposal provides for the establishment of the Stabilisation\nSupport Fund and its use. The Fund shall be endowed with\ncontributions by Member States in accordance with an\nintergovernmental agreement which determines the method for\ncalculating them and the rules regarding their transfer. For euro\narea Member States, national contributions shall be calculated as a\npercentage of the monetary income allocated to the euro area Member\nStates national central banks.
\nThe Fund shall only be used to pay the\ninterest rate subsidy and shall be administered by the\nCommission on the basis of a prudent and safe investment\nstrategy.
\nThe proposed Regulation also provides for a\npotential involvement by the European Stability Mechanism\n(ESM) or its legal successor in case the latter would autonomously\ndecide in the future to also provide financial assistance in\nsupport of public investment to cater for macro-economic\nstabilisation purposes.
\nBUDGETARY IMPLICATIONS:
\n