11 Amendments of Siegfried MUREŞAN related to 2017/0333R(APP)
Amendment 35 #
Motion for a resolution
Recital B
Recital B
B. whereas the financial and economic crisis has revealed thestructural weaknesses in some of the euro architectureea Member States, highlighting the need for compliance with the Stability and Growth Pact in order to guarantee sound public finances, the implementation of structural reforms and the swift completion of the EMU;
Amendment 62 #
Motion for a resolution
Recital D
Recital D
D. whereas the creation of the European Financial Stability Facility (EFSF) and its later transformation into the European Stability Mechanism (ESM) have represented, despite its intergovernmental nature, an important step towards the creation of a European crisis management mechanism, helping to respond to the weaknesses of the EMU and providing financial assistance to several European countries affected by the crisis;
Amendment 68 #
Motion for a resolution
Recital E
Recital E
Amendment 88 #
Motion for a resolution
Recital H
Recital H
H. whereas in the short term, the ESM reform should contribute in particular to the banking union, providing a proper common financial backstop for the Single Resolution Fund (SRF), without prejudice to the implementation of the package of measures to tackle non-performing loans (NPLs) in Europe or the need to establish a European Deposit Insurance Scheme (EDIS);
Amendment 98 #
Motion for a resolution
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Urges the importance of individual Member States' financial stability; stresses that the provision of financial stability in an individual Member State is a concern of the whole EU, and should be supported by the EU, however subject to strict conditionality;
Amendment 112 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Highlights that the proper functioning of an EMU depends on the existence of an institution serving as a ‘lender of last resort’; acknowledges, in this context, the positive contribution of the ESM, despite its intergovernmental nature, towards addressing the weaknesses of the institutional setting of the EMU, namelyAcknowledges, the positive contribution of the ESM, despite its intergovernmental nature, by providing financial assistance to several Member States affected by the financial crisis and the Great Recession;
Amendment 129 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Stresses that the role for national Parliaments remains fully preserved, in view of the large contributions of the Member States to the EMF; urges for a more explicit scrutiny role for national Parliaments in comparison to the current state of play in the ESM Treaty; national Parliaments should have the right to obtain information about the activities of the EMF, and to engage in a dialogue with the EMF;
Amendment 157 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Underlines that the primary mission of the new ESF should continue to be to provide transitional financial assistance to Member States in need, on the basis of the agreed adjustment programmes; stresses that the ESF must have adequate firepower for that purpose; opposes, therefore, any attempt to turn the reformed ESM into an instrument for banks only, or to reduce its financial capacity to support Member States; recalls that financial assistance provided to Member States under the new ESF has to be complemented by other fiscal capacity tools, including precautionary instruments,precautionary instruments, such as structural reforms to promote economic and financial stabilisation, investment and upward socioeconomic convergence in the euro area;
Amendment 159 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Underlines that the Economic and Monetary Union comprises all Member States of the European Union, all of which, except Denmark and the United Kingdom, are required to adopt the euro and join the euro area, therefore, any EMF should be open for participation to all Member States of the EU;
Amendment 207 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Highlights the importance of a credible EMF provided with adequate firepower linked to strict conditionality, in order to safeguard individual Member States against financial market turbulence; stresses that conditionality consists of both ex-post conditionality, the policies agreed upon for crisis programmes, and ex-ante conditionality, sound economic policies based on European budgetary rules;
Amendment 236 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Stresses that the Director of the EMF should be elected by the European Parliament, and should report to the European Parliament;