16 Amendments of Rosa D'AMATO related to 2016/2306(INI)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. WelcomesTakes note of the Commission’s Annual Growth Survey 2017 as an important part of the European investment process based on a strategy of investment, structural reforms and responsible public finances;
Amendment 5 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Notes that the current governance system leaves the Member States and the local governments without the necessary tools to fight the crisis and the unemployment and to sustain the recovery and a sustainable development;
Amendment 6 #
Draft opinion
Paragraph 1 c (new)
Paragraph 1 c (new)
1c. Denounces the asymmetric applications of the European Semester mechanism between countries in deficit and surplus countries, especially since the adjustment weight is discharged entirely on the most-in-need countries;
Amendment 7 #
Draft opinion
Paragraph 1 d (new)
Paragraph 1 d (new)
1d. Underlines the accumulation of excessive trade surpluses that are blocking the recovery and any prospect of sustainable development in the South countries;
Amendment 8 #
Draft opinion
Paragraph 1 e (new)
Paragraph 1 e (new)
1e. Underlines that the current balance rules paralyze the essential public investment and minimize the fiscal space in the Member States which would most need to increase public spending and where the tax multiplier is increased, so that fiscal expansion would have a greater impact in terms of growing demand and employment;
Amendment 9 #
Draft opinion
Paragraph 1 f (new)
Paragraph 1 f (new)
1f. Underlines that the flexibility built into the Stability and Growth Pact takes into account, even if it is not enough, the budgetary impact of the exceptional inflow of refugees and of exceptional securities need, but that may be necessary to apply it also to exceptional events such as floods and earthquakes, as recently stated in the Parliament’s resolution on the situation in Italy after the earthquakes;
Amendment 10 #
Draft opinion
Paragraph 1 g (new)
Paragraph 1 g (new)
1g. Complains that there is still evidence of macroeconomic imbalances and limited convergences, notably within the euro area;
Amendment 11 #
Draft opinion
Paragraph 1 h (new)
Paragraph 1 h (new)
1h. Believes that the Capital Markets Union cannot provide the conditions for equal access to finance for all firms across Member States, because micro enterprises and relatively young companies will not have the requirements to access the European Venture Capital Funds and the European Social Entrepreneurship Funds;
Amendment 13 #
Draft opinion
Paragraph 2
Paragraph 2
2. Is concerned aboutTakes note of patchy implementation of country-specific recommendations (CSRs) in the European economic recovery; highlights the role of local and regional authorities and other relevant stakeholders, as well as European Structural and Investment Funds (ESI Funds) themselves, in supporting the structural reforms and investment;
Amendment 17 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Recommends to introduce also more complex indicators such as the Social Progress Index to check the progress in all the EU regions; unemployment, GDP, productivity growth rates are not sufficient to track the real situation;
Amendment 19 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Regrets the high level of inequality, pointed out also by the Commission, that reduces the output of the economy and the potential for the sustainable growth; notes that the risk of poverty and social exclusion remain very high in several regions;
Amendment 20 #
Draft opinion
Paragraph 2 c (new)
Paragraph 2 c (new)
2c. Notes with concern that in many Member States, the working population and the labour force continue to shrink, notably as a result of low birth rates, ageing, emigration and health-related exits from the labour market; notes also that the country specific recommendations have not been adequate to contrast the phenomenon;
Amendment 21 #
Draft opinion
Paragraph 2 d (new)
Paragraph 2 d (new)
2d. Underlines that the EU policies are not adequate to assess the nature of the jobs created and, as recently written by Commissioners Creţu and Thyssen, it cannot specify whether the jobs created, as reported by the Member States, include also precarious and temporary jobs;
Amendment 22 #
Draft opinion
Paragraph 2 e (new)
Paragraph 2 e (new)
2e. Notes that the proposed broad coverage of supplementary pensions as a key role in retirement income provision might create more inequalities;
Amendment 23 #
Draft opinion
Paragraph 3
Paragraph 3
3. Recognises the potential of the European Fund for Strategic Investments (EFSI), which is designed to support high-risk investment projects, in boosting growth and employment; is concerned, however, about the enormous imbalance in use of the Fund between the EU15 (91% of funding) and the EU13 (9% of funding); welcomes the Commission’s proposal to strengthen synergies between the EFSI and the ESI Funds; emphasises, however, that thisEmphasises that EFSI should by no means undermine the role of Cohesion Policy as the main investment policy of the European Union;
Amendment 32 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Regrets that the Commission has proposed to extend the EFSI; underlines that the EFSI could not be considered as a successful instrument to realise the third pillar of the Commission to sustain the growth; there is indeed a huge imbalance in use of the Fund between the strongest economies and the poorest countries in EU; moreover, the selection of projects and the details of amounts given by EFSI lack of transparency;