10 Amendments of Fabio Massimo CASTALDO related to 2021/2251(INI)
Amendment 32 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Highlights that the Recovery and Resilience Facility (RRF) is an unprecedented instrument of solidarity and a cornerstone of the NextGenerationEU (NGEU) instrument, ending in 2026, as the main tool in the EU’s response to the COVID-19 pandemic to prepare the economies of the EU to face the new challenges; recognises that the RRF alone will not be sufficient to achieve the green and digital goals the EU set for itself; highlights the role that national budgets will have to play in that regard; recalls that the current EU’s fiscal rules would render public investment impossible owing to the requirement to respect the debt and deficit rules;
Amendment 46 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the fact that even if the economic effects of the RRF cannot be fully disentangled from other developments, it seems fair to conclude that, so far, the RRF has had positive effects on gross domestic product (GDP) and that its effective implementation will be key for the EU’s economic growth; recognises that the RRF has helped to cushion EU economies and citizens from the most acute impacts of the COVID-19 pandemic and is positively contributing to the EU’s recovery and resilience; emphasises that the tried and tested design of the RRF could work as a blueprint for addressing new situations of crisis in Europe;
Amendment 57 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Is concerned that food prices and energy bills in Europe have risen as a result of Russia’s invasion of Ukraine, which will hurt low-income communities the most; calls on the Union’s leadership, building on the structure of the RRF, to propose a new “Energy Recovery Fund”, in order to compensate households and businesses worst hit by the surge in prices and accelerate our investment in renewable sources;
Amendment 82 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Emphasises that the packages of reforms and investments, particularly growth-enhancing ones under the RRF, should also generate EU added value; emphasises that the packages of reforms and investments under the RRF should also contribute to the implementation of the European Pillar of Social Rights; calls for the introduction of new indicators in the European Semester cycle to properly monitor social progress and upwards convergence in the EU;
Amendment 91 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Deplores the fact that women20 , children21 , young people, the elderly and vulnerable groups have been the most impacted by the COVID-19 crisis; recalls the need to ensure that the EU leaves no one behind, and that it tackles gender- specific socio-economic impacts on its path to recovery; underlines that the twin transitions in Europe will create winners and losers; calls for a well-thought strategy on the part of the EU to support those who stand to lose more from the change; __________________ 20 European Parliament, Directorate- General for Internal Policies, Policy Department for Citizens’ Rights and Constitutional Affairs, COVID-19 and its economic impact on women and women’s poverty – Insights from 5 European Countries, May 2021. https://www.europarl.europa.eu/RegData/et udes/STUD/2021/693183/IPOL_STU(202 1)693183_EN.pdf 21 Eurochild, Growing up in lockdown: Europe’s children in the age of COVID-19, 17 November 2020. https://www.eurochild.org/resource/growin g-up-in-lockdown-europes-children-in-the- age-of-covid-19/
Amendment 128 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Tasks the Commission with analysing the reasons why the Member States have not requested loans to the full extent of their allocation; observes that one such reason may be that spending financed by the loans allocated under the RRF is not exempt from the EU’s fiscal rules, with the result that such spending would be included in the structural deficit calculations; is concerned that this position would prevent the most indebted Member States, which need it the most, from harnessing the full potential of the RRF;
Amendment 167 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Reminds of the need to swiftly proceed with the introduction of new own resources to cover the repayment of the NextGenerationEU instrument, in accordance with the roadmap set out in the Interinstitutional Agreement concluded in December 2020 by the European Parliament, the Council and the Commission;
Amendment 202 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Notes that all approved NRRPs expect to reach the green target of at least 37 % set out in the RRF Regulation and that the overall climate expenditure of all approved NRRPs reaches almost 50 % or EUR 220 billion; is concerned that, according to an independent analysis1a of planned recovery measures in 14 Member States, at least eight national recovery plans failed to meet the requirement of the 37% threshold for ‘green’ spending; __________________ 1a https://www.e3g.org/news/a-recovery- with-green-elements-but-not-a-green- recovery/
Amendment 259 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Points out that the principle of ‘do no significant harm’ was evaluated for each measure by the Commission in accordance with its technical guidance; notes that in order to comply with the principle, some Member States had to improve certain measures; is concerned that, according to an independent analysis2a, the application of the ‘do no significant harm’ principle under the RRF has failed to properly assess the environmental impact of proposed investments and reforms; calls on the Commission to develop sufficiently strong criteria in the remaining delegated acts under the Taxonomy Regulation and review the current ones to prevent environmentally harmful measures; __________________ 2a https://green10.org/wp- content/uploads/2021/11/Statement-of- the-Green-10-on-the-do-no-significant- harm-principle.pdf
Amendment 382 #
Motion for a resolution
Paragraph 37
Paragraph 37
37. Calls on the Commission to fully take into account Parliament’s views in the upcoming review report on the implementation of the RRF, which the Commission shall present to Parliament and the Council by 31 July 2022; reaffirms that greater involvement of the European Parliament is necessary to improve the democratic accountability of RRF management and ultimately increase the momentum for European integration;