10 Amendments of Fabio Massimo CASTALDO related to 2020/2078(INI)
Amendment 20 #
Motion for a resolution
Recital B
Recital B
B. whereas the shock is symmetrical but the impact varies considerably among Member States and among their own regions, reflecting the severity of the pandemic and the stringency of their containment measures, but also their specific economic exposures and initial conditions, including their available scope for discretionary fiscal policy responses;
Amendment 23 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Amendment 58 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes with great concern that, according to the Commission’s Springummer 2020 economic forecast, the EU is worsens its outlook in comparison with Spring's forecast, which already expected the EU to suffer the deepest recession in its history in 2020;
Amendment 122 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the activation of the general escape clause of the Stability and Growth Pact, and expects that it will remain activated at least until the end of 2021 in order to support the efforts of the Member Statesall the administration levels of the Member States, and specially those responsible for the public health systems, to recover from the pandemic crisis and strengthen their economic and social resilience;
Amendment 147 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes the conclusion of the European Fiscal Board (EFB)9 that the fiscal framework has to be revised, and is convinced that the deep economic crisis triggered by the pandemic further exacerbates this need; believes that the review and reform have to meet the above requirements in terms of increasing investment relating to climate change and digitalisation and stabilising the new level of investment, while ensuring sound budgetary management; highlights, to that end, the need to exclude from the deficit calculation all productive public investments and those relating to the energy and digital transition; _________________ 9EFB Annual report 2019, p. 71 - https:/ec.europa.eu/info/sites/infos/files/20 19-efb-annual-report_en.pdf
Amendment 165 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Considers it essential that the revision of the EU’s fiscal and economic policy framework should be completed by the time the escape clause is repealed and should enable fiscal policy to respond with discretion to shocks in the short term, and to reduce high public debt ratios to an agreed reference value in the long term, while allowing a sufficient level of public investment, progressive tax policies and the repayment of loans in a cycle- comfortable manner, and the long-term modernisation of public commodities; welcomes the Commission's intention to draw up a proposal to revise the EU's economic governance framework in early 2021;
Amendment 177 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Deplores the ‘double standards’ approach applied by the Commission to Member States in applying the procedures of the Stability and Growth Pact, depending on the political hues of the respective governments; notes, in this respect, the failure to take appropriate action against Germany and the Netherlands, which have been in breach of current-account surplus rules for years;
Amendment 181 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
Amendment 188 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Proposes a combination of expenditure rules for public non- investment expenditure and a golden rule for public investment which is central to both; wishes to see a rapid recovery from the COVID-19 crisis and a transition to a cleaner, socially sustainable and more digital society; stresses the need for a change of course that signals the definitive abandonment of austerity policies and enables the adoption of sustainable and effective economic policies to combat unemployment, poverty and social exclusion;
Amendment 247 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Underlines that public revenues are essential to finance the post-pandemic recovery and the just transition to a sustainable economy; recalls that tax evasion and tax avoidance at EU level amount to up to EUR 160-190 billion each year, constituting missing revenues for the treasuries; points out that in the recommendations adopted by the Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3), precisely this Parliament identified more than one EU country with exactly the same characteristics as a so-called tax haven; urges the Council to continue its work on the introduction of new own resources, such as the financial transaction tax (FTT) and the web tax on profits made by the major digital companies, and calls on the Commission to submit a proposal on the establishment of a single market levy, in order to correct, once and for all, the current asymmetry regarding certain economic sectors which have actually managed to avoid contributing to the public coffers almost entirely;