6 Amendments of Jakob von WEIZSÄCKER related to 2018/2033(INI)
Amendment 14 #
Motion for a resolution
Recital A
Recital A
A. whereas, according to the Commission’s forecasts, the GDP growth rate for the euro area was 2.4 % in 2017 and will dip slightly to 2.3 % in 2018 and to 2 % in 2019; whereas reconomic growth is still fragile and is expectent Euro area- wide growth should not lead to complacency and instead the Euro area needs to slow down in the face of many challenges such as higher oiimplement the necessary reforms both at the European level and the level of member states in order to be able to withstand symmetric and asymmetric shocks rather than such shocks leading to existential pcricses;
Amendment 42 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas the banking union has not been completed and the problem of the sovereign-bank-nexus has not yet been addressed comprehensively;
Amendment 67 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers that growth-orientated fiscal policies are needed at the European level, alongside an appropriate monetary policy, in order to strengthen the European economyreforms need to be complemented with appropriate fiscal policies, alongside an appropriate monetary policy, throughout the business-cycle and especially in times of stress;
Amendment 144 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Recalls the importance of efficient regulation of the banking and financial sectors to forestall any new crises; reiterates that both sufficient levels of loss absorbing capital to make the bail-in requirements fully credible and a credible fiscal backstop to banking union are needed in order to protect the taxpayer and assure systemic stability;
Amendment 149 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Emphasises the importance of a credible fiscal capacity at the level of the Euro area including an enhanced mechanism to handle acute crises to be organised around a European Monetary Fund and a fiscal backstop to banking union, an automatic macro-reinsurance and a euro area budget that can help stabilise investment and deal with unforeseen eventualities with the legitimacy that comes with democratic decision making at the European level;
Amendment 154 #
Motion for a resolution
Paragraph 9 b (new)
Paragraph 9 b (new)
9b. Calls for the macro-insurance to be organised in the form of a European Unemployment Re-Insurance Scheme, 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;