11 Amendments of Joachim SCHUSTER related to 2020/2037(INI)
Amendment 20 #
Motion for a resolution
Recital B
Recital B
B. whereas despite the euro area’s economic size and influence in global trade, the use of the euro lags behind the US dollar by a wide margin, yet it is still ahead of all other competing currencies, remaining, at the same time, unchallenged as the second most important currency in the international monetary system;
Amendment 22 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas the euro's global potential has not been fully reached, and its benefits are shared unevenly among the Eurozone members;
Amendment 30 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas a stronger role of the euro, and its increased use as a reserve currency, would increase the ability of the EU to frame its policy stance vis-a-vis other countries and regions;
Amendment 31 #
Motion for a resolution
Recital C b (new)
Recital C b (new)
Cb. whereas a greater role for the euro would provide a higher degree of financial autonomy to the euro area, protecting it from the use of other currencies as foreign policy tools by other national administrations;
Amendment 38 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
Ea. whereas the stability of a currency is also determined by the stability of the institutions behind it, more European integration is necessary to give additional institutional and political stability behind the euro;
Amendment 40 #
Motion for a resolution
Recital E b (new)
Recital E b (new)
Eb. whereas in the long run the attractiveness of a given currency is also determined by the vitality of its economy;
Amendment 52 #
Motion for a resolution
Recital H
Recital H
H. whereas post-pandemic economic recovery requires the fast implementation of the EU recovery plan, which will address structural weaknesses and put in place policies to enhance growth and competitiveness; whereas such policies are paramount both to enhancing the attractiveness of the euro globally and to strengthening Europe’s economic and financial autonomy; whereas the recently- proposed recovery fund is an excellent example of what is needed as a European fiscal response to build confidence among investors; whereas a meaningful fiscal stimulus, in conjunction with a monetary one – including a joint European effort –, will have a positive effect on the international position of the euro; whereas the premature withdrawal of fiscal stimulus and the lack of coordination of fiscal action can undermine the attractiveness of the euro as an international currency;
Amendment 59 #
Motion for a resolution
Recital H b (new)
Recital H b (new)
Hb. whereas the ECB’s pandemic emergency purchase programme is a decisive element to maintain price stability and ensure stable sources of funding for the euro area economy;
Amendment 102 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Reiterates, in this context, the need to deepen and complete the Economic and Monetary Union (EMU), the Banking Union and the Capital Markets Union (CMU), with a view to enhancing - by strengthening the governance and the fiscal capacity for eurozone to be able to provide a counter-cyclical stabilization function -, the Banking Union - by focusing on an introduction of a common deposits insurance scheme - and the Capital Markets Union (CMU) - in order to ensure deeper cross-border capital flows including strengthening of cooperation on taxation on financial products and convergence of company law and insolvency regimes - with a view to enhancing the EU's political and institutional framework and therefore the international competitiveness of European markets and the attractiveness of the euro;
Amendment 142 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Highlights, in this respect, that a higher amount of EU's own resources through various taxes is a step in the right direction in becoming a true fiscal entity, and therefore, strengthening the role of the euro;
Amendment 156 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Underlines that as large and permanent current account surpluses create instability for a prominent international role of a currency, the Euro area growth model should be rebalanced and the export-led tendency shall be offset by measures that stimulate the internal demand, to a level compatible with potential supply;