9 Amendments of Ildikó GÁLL-PELCZ related to 2010/0279(COD)
Amendment 34 #
Proposal for a regulation
Article 3 – paragraph 3
Article 3 – paragraph 3
3. By derogation from paragraph 2, the Commission may, on grounds of exceptional economic circumstances, major environmental disasters or following a reasoned request by the Member State concerned addressed to the Commission within ten days of adoption of the Council conclusions referred to in paragraph 1, propose to reduce the amount of the fine or to cancel it.
Amendment 52 #
Proposal for a regulation
Recital 1
Recital 1
(1) The coordination of the economic policies of the Member States within the Union, as provided for by the Treaty, should entail compliance with the guiding principles of stable prices, sound public finances and monetary conditions, harmonisation of budgetary policies and a sustainable balance of payments.
Amendment 79 #
Proposal for a regulation
Recital 3
Recital 3
(3) In particular, surveillance of the economic policies of the Member States should be broadened beyond budgetary surveillance to prevent excessive macroeconomic imbalances and help the Member States affected devise corrective plans before divergences become entrenched and before economic and financial processes take a durable turn in an excessively unfavourable direction. This broadening should go in step with deepening of fiscal surveillance.
Amendment 85 #
Proposal for a regulation
Recital 5
Recital 5
(5) It is appropriate to supplement the multilateral surveillance referred to in Article 121(3) and (4) of the Treaty with specific rules for detection, prevention and correction of macroeconomic imbalances. TIt is essential that the procedure should be embedded in the annual multilateral surveillance cycle.
Amendment 93 #
Proposal for a regulation
Recital 6
Recital 6
(6) Enforcement of Regulation (EU) No […/…]4 should be strengthened by establishing finesurther fines, additional to those which already exist, for Member States whose currency is the euro in case of repetitive non-compliance with the recommendations to address excessive macroeconomic imbalances.
Amendment 100 #
Proposal for a regulation
Recital 7
Recital 7
(7) Macroeconomic imbalances are likely to generate undue fluctuations in public revenues and spending throughout the economic cycle, affecting headline figures and distorting the picture for fiscal planning and decision-making. Inappropriate fiscal policy choices based on distorted trends could weaken, and possibly compromise, the sustainability of public finances. If unchecked, the effects of fiscal and other macroeconomic imbalances have the potential to reinforce each other and possibly to jeopardise the proper functioning of economic and monetary union. For these reasons a system of correction of macroeconomic imbalances should contribute to greater harmonisation of the financial policies and to the budgetary discipline of the Member States whose currency is the euro and Member States which have not yet introduced the euro.
Amendment 125 #
Proposal for a regulation
Recital 11
Recital 11
(11) The procedure for the application of the fines on the Member States which fail to take effective measures to correct macroeconomic imbalances should be construed in such a way that the application of the fine on those Member States would be the rule and not the exception, thus also promoting the positive discrimination which occurs if a Member State no longer has to pay a fine.
Amendment 156 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Regulation sets out a system of finessupervision for effective correction of macroeconomic imbalances in the euro area, including a system of fines.
Amendment 216 #
Proposal for a regulation
Article 3 – paragraph 4
Article 3 – paragraph 4
4. If a Member State has paid a yearly fine for a given calendar year and the Council thereafter concludes, in accordance with Article 10(1) of Regulation (EU) No […/…] that the Member State has taken the recommended corrective action recommended by the Council in the course of the given year, the fine paid for the given year shall be returned to the Member State pro rata temporis.