11 Amendments of Renato SORU related to 2015/2326(INI)
Amendment 10 #
Draft opinion
Paragraph 1
Paragraph 1
1. Considers that the effectiveness of EU law is systematically undermined by its unsatisfactory application by Member Stfundamental in achieving an "ever closer" Union as enshrined in the TEU; recognizes the Charter of Fundamental Rights of the European Union of same legal value as the Treaties; n. Notes that thise lack of enforcement is at the root of a number of European crisesof EU law weakens the EU itself;
Amendment 17 #
Draft opinion
Paragraph 2
Paragraph 2
2. Notes with concern that 11 directives in the area of banking and finance legislation are being infringed by one or more Member States, with Germany being the only country to comply with all existing legislation in this field, and Austria the only other Member State with fewer than three infringements1 ; __________________ 1 Particularly worrying are the cases of Poland (10 infringements), Luxembourg (9) and Slovenia, Spain and Estonia (8 each).;
Amendment 19 #
Draft opinion
Paragraph 3
Paragraph 3
3. Points out that the Late Payments Directive is still not implemented well in 11 Member States, and that the situation is worst in Italy, Cyprus, Spain, Portugal and Greeceis also correlated to the state of public finances affected by the economic crisis; notes as well that the delay in B2B payments is well above average; points out that also the directive on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, wthere the delay in B2B2 payments is well above average3 directive on requirements for budgetary framework of the Member States and the directive on consumer rights have not yet been transposed; __________________ 2 Business-to-business. 3 See ‘Transposition and implementation of the Directive on Late Payments in Commercial Transactions’, European Parliamentary Research Service.
Amendment 25 #
Draft opinion
Paragraph 4
Paragraph 4
4. Recalls that non-compliance with the Maastricht criteria, and the lenient enforcement of the Stability and Growth Pact rules by the Commission and the Council before 2010, contribufollowing the global financial crisis which led to a European debt crisis, the EU has further strengthened its economic coordination and banking supervision; stresses the importance of completing the Banking Union, deepening the EMU and creating a CMU that finances the real economy and growth in Europe; invites all Member Stateds to the emergence of the European debt crisis that followed the global financial crisismake full use of flexibility within the existing rules of the Stability and Growth Pact as per Commission's Communication COM (0215)12;
Amendment 36 #
Draft opinion
Paragraph 5
Paragraph 5
5. Points out that in 2014 only 10 of the 157 main recommendations made to Member States in the framework of the European Semester were fully implemented or showed substantial progress4 ; ; and believes that, in order to improve implementation, there is a need to better identify clearly articulated priorities at European level as well as to increase genuine public debate, political willingness and commitment at national level, leading to greater relevance and national ownership; welcomes the recommendation on the economic policy of the euro area, proposed by the Commission six months before country- specific recommendations, as a step to deepen policy coordination in the follow- up to the Five Presidents' Report and relevant resolutions of the European Parliament; __________________ 4 Success rate of around 6.5%: Zsolt Darvas and Alvaro Leandro, ‘The Limitations of Policy Coordination in the Euro Area under the European Semester’, Bruegel, November 2015.
Amendment 45 #
Draft opinion
Paragraph 7
Paragraph 7
7. Is very concerned by the fact that the Deposit Guarantee Scheme Directive (DGSD) has still not been implemented by 10 Member States6 , which undermines the efforts to build a, and calls on the Commission to ensure that it is implemented; welcomes the Commission proposal on European Deposit GuaInsurantece Scheme, that would complete the Banking Union; __________________ 6Belgium, Cyprus, Estonia, Greece, Italy, Luxembourg, Poland, Romania, Slovenia and Sweden; Commission press release, 10 December 2015.e third and final pillar of the Banking Union, needed to safeguard deposits throughout Europe;
Amendment 48 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Welcomes the European Commission's first proposals in the area of the Capital Markets Union and stresses the importance of encouraging more investments in the real economy;
Amendment 53 #
Draft opinion
Paragraph 8
Paragraph 8
Amendment 65 #
Draft opinion
Paragraph 10
Paragraph 10
10. Is of the opinion that financial penalties for non-compliance with EU law should include a multiplier for those Member States for which several procedures are openbe effective, proportionate and dissuasive;
Amendment 70 #
Draft opinion
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Considers that the number of formal infringement procedures decreased also due to the effectiveness of the structured dialogue with Member States via EU Pilot;
Amendment 71 #
Draft opinion
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. Welcomes the Commission's efforts to improve access to information on the application of the Union Law. Encourages further efforts to enhance transparency;