2 Amendments of Jakob von WEIZSÄCKER related to 2018/0212(COD)
Amendment 191 #
Proposal for a regulation
Recital 33
Recital 33
(33) EISF should be considered as a first step in the development over time of a fully-fledged insurance mechanism to cater for macro-economic stabilisation. Currently, EISF would be based on loans and granting of interest rate subsidies. In parallel, it is not excluded that the ESM or its legal successor would be involved in the future by providing financial assistance to Member States whose currency is the euro facing adverse economic conditions in support of public investment. Moreover, a voluntary insurance mechanism with a borrowing capacity based on voluntary contributions by Member States could be set up in the future to provide for a powerful instrument for the purpose of macro-economic stabilisation against asymmetric shocksIn addition, a European Unemployment Re-Insurance Scheme should be set up in the future, combining self-insurance at the national level with reinsurance against large shocks in order to help weather future crises in a predictable and incentive compatible manner.
Amendment 458 #
Proposal for a regulation
Article 22 – paragraph 5 – subparagraph 2 – point d
Article 22 – paragraph 5 – subparagraph 2 – point d
(d) the appropriateness of developing a voluntary insurance mechanismoptions for developing a European Unemployment Re-Insurance Scheme serving the purpose of macroeconomic stabilisation.