14 Amendments of Fabio DE MASI related to 2015/2285(INI)
Amendment 88 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes that Europe’s global competitiveness remains an important objective, while the worsening global outlook calls for strengthening domestic sources of growththe worsening global outlook means that domestic sources of growth need to be strengthened, involving a different combination of policies that will make it possible on the one hand to boost public and private investment, above all with a view to expanding and upgrading infrastructure, production equipment, and production and organisation techniques and methods, and on the other hand to stimulate domestic demand, in particular by restoring the income lost as a result of so-called austerity policies and by implementing a redistributive and progressive tax policy;
Amendment 98 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Notes that particularly the euro area is still suffering from significant macroeconomic imbalances between Member States; calls for urgent action in Member States with current account surpluses to increase domestic demand, particularly through increased public investment and stronger wage growth.
Amendment 114 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Is encouraged by mildworried by insufficient improvements in labour market indicators; calls for more effort to reduce poverty, social exclusion and growing inequalities;
Amendment 124 #
Motion for a resolution
Paragraph 6
Paragraph 6
Amendment 139 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Calls for the European Fund for Strategic Investments to be used to maximum effect to support higher-risk projects not financed otherwise, and to promote growth, job creation andpublic investment projects, especially in countries most affected by austerity and liquidity constraints at household and business level, and to promote growth, job creation and cohesion; accordingly considers it essential to establish investment patterns meeting the urgent need for greater social and territorial cohesion;
Amendment 166 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Is aware of the ongoing deleveraging process in the private sector; points to the importance of completing the banking union and boosting equity investments in SMEwith strong bank separation and boosting investments in SMEs; notes that measures to increase domestic demand and end of austerity policies are vital to improve the economic outlook particularly for SMEs and to encourage private investment and credit demand; is concerned that the Capital Markets Union is not adequate to address the bank centred funding needs of the European economy and contributes to systemic risk via deregulation of financial markets;
Amendment 258 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for a greater shift of taxation away from labour towards wealth and economic rents, ensuring an adequate level of corporate taxes;
Amendment 283 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Reiterates the need for responsible fiscal policies that will boost economic growth, taking into account debt sustainability, the economic cycle and investment gaps; notes that debt restructuring is necessary in some countries in order to reduce public and private debt to sustainable levels; draws attention to the disastrous effects of austerity policies, through which budget consolidation strategies have compromised public investment, the social functions of the state and economic growth;
Amendment 287 #
Motion for a resolution
Paragraph 19
Paragraph 19
Amendment 333 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. WelcomNotes the recommendation on the economic policy of the euro area as a way to deepen policy coordination in the follow-up to the Five Presidents’' Report; is deeply worried that democratic influence on euro area economic governance is even further reduced and downward pressure on wages is further increased by the steps outlined in the Five Presidents' Report;
Amendment 366 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Welcomes increased attention to the euro area’s aggregatNotes the problems in measuring an euro area fiscal stance, such as separating the economic cycle from the growth potential; considers it necessary to exempt public investment from debt accounting in the short-run and to abolish the fFiscal stance; calls for greater discussion on whether it can be considered broadly neutral given the large investment gapCompact and the Stability and Growth Pact to enable Member States to pursue counter-cyclical and growth-enhancing fiscal policies in line with the macroeconomic goal of full employment and a balanced current account, and in that way to also unburden and complement monetary policy;
Amendment 377 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Supports the recommendation to differentiate fiscal effort by individual Member States taking into account their respective positions vis-à-vis Stability and Growth Pact requirements and stabilisation needs, as well as spillover effects; notes that high-surplus countries have significant fiscal space which they cshould urgently use to the benefit of their populations and the monetary union as a whole;
Amendment 391 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Agrees that whileIs worried about the euro area’'s high current account surplus is a welcome sign of the euro area’s external competitiveness, it also impliewhich signals a lack of internal investment and acarries the risk of euro appreciation when monetary policy starts to become less accommodative, with adverse effects on growth and employment; emphasises that beggar-thy-neighbour policies, relying of high current account surpluses and export driven growth, as pursued by China or Germany, are disruptive for the global economy and not viable for the euro area;
Amendment 414 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Recognises the benefits of asymmetrical adjustment, where regaining cith surplus countries taking measures to boost cdompetitiveness doesestic demand, such that deficit countries are not required to undergoing deflation to regain cost competitiveness, which is detrimental to debt sustainability;