9 Amendments of Piernicola PEDICINI related to 2019/0161(COD)
Amendment 29 #
Proposal for a regulation
Recital 1
Recital 1
(1) The coordination of the economic policies of the Member States is a matter of common concern. The Member States whose currency is the euro have a particular interest in and a responsibility to conduct economic policies that promote the proper functioning of the Economic and Monetary Union and to avoid policies that jeopardise it, in the context of broad guidelines formulated by the Council and in compliance with the key objective of steadily improving the living and employment conditions of European peoples.
Amendment 36 #
Proposal for a regulation
Recital 2
Recital 2
(2) In order to ensure the proper functioning of the Economic and Monetary Union, Member States whose currency is the euro should take measures to enhance the resilience of their economies through targeted structural reforms and investment. The Euro Summit of December 2018 mandated the Eurogroup to work on the design, modalities of implementation and timing of a budgetary instrument for competitiveness and convergence for the euro area. To ensure that Member States carry out structural reforms and investment in a consistent, coherent and well-coordinated manner, it is necessary to establish a governance framework to enable the Council to provide strategic orientations on reform and investment priorities to be undertaken within the euro area by the Member States. Such a framework would enhance convergence and competitiveness of the euro area. The Council should also provide country-specific guidance on individual reforms and investment objectives of the Member States whose currency is the euro, which can be supported by the budgetary instrument for convergence and competitiveness. Since such a framework is specific to the Member States whose currency is the euro, only members of the Council representing those Member States should take part in votes under this Regulation.
Amendment 59 #
Proposal for a regulation
Recital 4
Recital 4
(4) On an annual basis, the Council should set out strategic orientations on the reform and investment priorities for the euro area, as part of the recommendation on the economic policy of the euro area, aiming to promote economic, social and territorial cohesion; legality; the fight against the tax avoidance of multinationals, financial crime, fraud and corruption; the fight against inequality, poverty and social exclusion; full employment and the creation of quality jobs. The strategic orientations should be adopted by the Council acting by qualified majority on a recommendation from the Commission, and after the Eurogroup has discussed the reforms and investment priorities that it considers relevant and appropriate for inclusion therein. The annual Euro Summit will play its role.
Amendment 72 #
Proposal for a regulation
Recital 6
Recital 6
(6) The Member States whose currency is the euro can decide to submit proposals for reform and investment packages under the budgetary instrument for convergence and competitiveness. To that end, the Council will adopt a Recommendation providing country-specific guidance on the objectives of reforms and investment that can be supported under the budgetary instrument for convergence and competitiveness in Member States whose currency is the euro. This Council Recommendation should be consistent with the strategic orientations adopted under this Regulation, and with the country-specific recommendations that are adopted, in parallel, under the European Semester of economic policy coordination further to discussions, where appropriate, within the relevant Treaty-based committees. The Council Recommendation shall also duly take into account any macroeconomic adjustment programme approved in accordance with the relevant provisions of Regulation (EU) No 472/2013 of the European Parliament and of the Council9. _________________ 9 Regulation (EU) No 472/2013 of the European Parliament and of the Council of 21 May 2013 on the strengthening of economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulties with respect to their financial stability (OJ L 140, 27.5.2013, p. 1).
Amendment 126 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
(b) country-specific guidance on the objectives of reforms and investment relevant for the budgetary instrument for convergence and competitiveness consistent with the country-specific recommendations and not including policies for the internal devaluation of labour costs and wages.
Amendment 134 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. On a recommendation from the Commission and after discussion in the Eurogroup, the Council shall establish, as part of the euro-area recommendation and on an annual basis, the strategic orientations for the reform and investment priorities of the euro area., aiming to promote economic, social and territorial cohesion; legality; the fight against the tax avoidance of multinationals, financial crime, fraud and corruption; the fight against inequality, poverty and social exclusion; full employment and the creation of quality jobs;
Amendment 146 #
Proposal for a regulation
Article 4 – paragraph 2 a (new)
Article 4 – paragraph 2 a (new)
2a. The Commission shall initiate ex ante and ex post assessments in order to analyse the impact of the reforms promoted with regard to employment, social rights, investment and growth, and economic, social and environmental sustainability.
Amendment 155 #
Proposal for a regulation
Article 5 – paragraph 2
Article 5 – paragraph 2
2. The recommendation referred to in paragraph 1 shall be consistent with the strategic orientations referred to in Article 4 and with the country-specific recommendations for the Member State concerned. In the recommendation referred to in paragraph 1, the Council shall duly take into account any macroeconomic adjustment programme approved in accordance with Article 7(2) of Regulation (EU) No 472/2013.
Amendment 161 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
Where relevant, based on an assessment by the Commission, the recommendation referred to in paragraph 1 of Article 5 shall establish whether a Member State is experiencing a severe economic downturn, for the purposes of a modulation of national co-financing rates provided for in Regulation (EU) XXXX/XX [Reform Support Programme Regulation], to support the countries having the greatest difficulties.