49 Amendments of Ernest URTASUN related to 2019/0161(COD)
Amendment 8 #
Proposal for a regulation
Citation 4 a (new)
Citation 4 a (new)
Having regard to the Böge/Berès Report on budgetary capacity for the Eurozone1a _________________ 1a (2015/2344(INI))
Amendment 9 #
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 CouncilUnion institutions.
Amendment 12 #
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 their economies in a consistent, coherent and well-coordinated manner, it is necessary to establish a governance framework to enable the European Parliament and 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 guid in the context of the budgetary instrument for convergence and competitiveness. Such a framework would enhance con individual reforms and investment objecvergence and competitiveness 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,euro area. All members of the European Parliament can take part in votes and only members of the Council representing those Member States should take part in votes under this Regulation.
Amendment 18 #
Proposal for a regulation
Recital 3
Recital 3
(3) At the Union level, the European Semester of economic policy coordination is the framework for the identification of national reform priorities of the Member States andThe strategic orientations for the reform and investment priorities, as referred to in Recital (4), together with the euro-area recommendations and national reform programmes in the context of the European Semester, form the monitoring of the implementation of those prioritiframework for the identification of national reform priorities of the Member States. This Regulation addresses the need to establish coherence between the reform and investment priorities for the euro area as a whole and the reform and investment objectives of the individual Member States whose currency is the euro, and to ensure their consistency with the European Semesternd the European Semester, the Paris Agreement, as well as the Social Pillar as strategic policies of the Union.
Amendment 21 #
Proposal for a regulation
Recital 4
Recital 4
(4) On an annual basis, the Council should and for the purposet out strategic orientationf the allocation process onf the reform and investment priorities forbudgetary instrument, as referred to in XXX [the RISP Regulation], the eEuro area, as parpean Parliament and the Council should jointly set ofut the recommstrategic oriendtation on the economic policys for the reform and investment priorities of the euro area. The strategic orientations should be adopted by European Parliament acting by simple majority and the Council acting by qualified majority on a recommendation from the Commission, and after the Eurogrouppean Parliament and the Council’s respective body hasve discussed the reforms and investment priorities that ithey considers relevant and appropriate for inclusion therein. The annual Euro SummitPriorities should ensure coherence with the European Semester, the Paris Agreement, as wiell play its roleas the Social Pillar.
Amendment 25 #
Proposal for a regulation
Recital 5
Recital 5
(5) To ensure that strategic orientations reflect the evolving experience of the implementation of the budgetary instrument for convergence and competitiveness, the Commission should, alongside its recommendation on the strategic orientations, as part of its recommendation on the economic policy of the euro area, inform inform the European Parliament and the Council of how the strategic orientations have been followed during the preceding years.
Amendment 25 #
Proposal for a regulation
Citation 1
Citation 1
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 136(1)(b) in combination with Article 121(6), as well as the third paragraph of Article 175 and Article 197(2),
Amendment 26 #
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 European Parliament and the Council.
Amendment 28 #
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 Following the adoption of the euro area Rrecommendation providing country-specific guidance on the objectives of reforms and investment that can be supported unders for the purpose of the budgetary instrument for convergence and competitiveness in, the 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) may submit proposals for packages of reforms and investments under the budgetary instrument for convergence and competitiveness.
Amendment 31 #
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 their economies to in a consistent, coherent and well-coordinated manner, it is necessary to establish a governance framework to enable the European Parliament and 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 in the context of 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 (“The Instrument”). Such a framework would enhance convergence and competitiveness of the euro area.
Amendment 33 #
Proposal for a regulation
Recital 7
Recital 7
Amendment 36 #
Proposal for a regulation
Recital 8
Recital 8
(8) Within the governance framework set out in this Regulation, the Council should set out the strategic orientations for the euro area as a whole and provide country-specific guidance on the objectives of reform and investment packages of the individual Member States whose currency is the euro. The Commission implements the Union’s budget under Article 317 TFEU, which includes the management of spending programmes. The Commission responsibilities with regard to the budgetary instrument for convergence and competitiveness [within the Reform and Investment Support Programme] under Regulation (EU) XXXX/XX should not be affected.
Amendment 39 #
Proposal for a regulation
Recital 9
Recital 9
(9) On the basis of an assessment by the Commission, the Council, shall establish which Member States are experiencing a severe economic downturnAt the request of the concerned Member State and on the basis of an assessment by the Commission, and duly taking into account the relevant resolutions of the European Parliament, the Council should be able to establish, for the purpose of a modulation of national co- financing rates provided for in Regulation (EU) XXXX/XX [Reform and Investment Support Programme Regulation], and without prejudice to the application of Article 2(2) of Council Regulation (EC) 1467/97 as amendedthat a Member State is experiencing a severe economic downturn or that it no longer experiences a severe economic downturn.
Amendment 42 #
Proposal for a regulation
Recital 3
Recital 3
(3) At the Union level, the European Semester of economic policy coordination is the framework for the identification of national reformThe unprecedented crisis caused by the COVID-19 outbreak is impeding the fiscal room for manoeuvre for many Member States to implement important reform and investment priorities of, the Member States and for the monitoring of the implementation of those priorities. This Regulation addresses the need to establishreby posing challenges to convergence and cohesion in the Union. To counter these challenges, in accordance with the objectives of Article 174 (1) of the Treaty on the Functioning of the European Union, the budgetary instrument for cohnvergence between thand competitiveness shall support and prioritise reforms and investment priorities for the euro area as a whole and the reform and investment objectives of the individual Member States whose currency is the euro, and to ensure their consistency with the European Semester.s that contribute to convergence by improving Member States’ and the Union’s crisis preparedness and economic, social, environmental and administrative response to shocks. To account for the expected severe economic impact of the COVID-19 crisis during the first two years of the existence of the Instrument and to allow for its operation shortly after its adoption, the governance of the Instrument shall follow two stages, a “recovery and resilience stage” and a “convergence and competitiveness stage”:
Amendment 43 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Regulation lays down provisions for the governance framework relevant for the budgetary instrument for convergence and competitiveness for the euro area within the Reform and Investment Support Programme under Regulation (EU) XXX/XX10 . _________________ 10 O.J.C , , p.
Amendment 44 #
Proposal for a regulation
Article 2 – paragraph 1 – introductory part
Article 2 – paragraph 1 – introductory part
For the purposes of this Regulation, the following definitions apply:‘euro- area recommendation’ means the European Parliament's and the Council's joint recommendation on the strategic orientations on the reform and investment priorities of the euro area.
Amendment 46 #
Proposal for a regulation
Article 2 – paragraph 1 – point a
Article 2 – paragraph 1 – point a
Amendment 47 #
Proposal for a regulation
Article 2 – paragraph 1 – point b
Article 2 – paragraph 1 – point b
Amendment 47 #
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3 a) During the “recovery and resilience stage” from1 January 2021 until 31 December 2022 Member States whose currency is the euro may, under the Instrument, apply for financial support, in line with the mechanisms laid down in Regulation (EU) XXX [the RISP regulation], for reform and investment packages that comprise measures compliant with the strategic orientations and reform and investment priorities laid out in Annex I of this Regulation, and consistent with the Paris Agreement, as well as the European Pillar of Social Rights.
Amendment 49 #
Proposal for a regulation
Article 3 – paragraph 1 – introductory part
Article 3 – paragraph 1 – introductory part
This Regulation shall contribute to the convergence and competitiveness of the economies of the Member States whose currency is the euro by defining a governance framework relevant for the budgetary instrument for convergence and competitiveness, which sets out:setting out the strategic orientations on the reform and investment priorities of the euro area.
Amendment 49 #
Proposal for a regulation
Recital 3 b (new)
Recital 3 b (new)
(3 b) During the “convergence and competitiveness stage” from 1 January 2023 until the end of the budgeting period, annual strategic orientations for reform and investment priorities, jointly issued, on the basis of a Commission proposal, by the European Parliament and the Council, together with the euro- area recommendations and national reform programmes in the context of the European Semester and, where relevant, macroeconomic adjustment programmes form the framework of the annual application and allocation process for the purpose of the Instrument. In this context, this Regulation addresses the need to establish coherence between the reform and investment priorities for the euro area as a whole and the reform and investment objectives of the individual Member States whose currency is the euro, and to ensure their consistency with the European Semester, the Paris Agreement, as well as the European Pillar of Social Rights
Amendment 50 #
Proposal for a regulation
Article 3 – paragraph 1 – point a
Article 3 – paragraph 1 – point a
Amendment 50 #
Proposal for a regulation
Recital 4
Recital 4
Amendment 51 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
Amendment 55 #
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 andthe European Parliament and the Council, according to their respective procedure and for the purpose of the budgetary instrument for convergence and competitiveness, shall jointly establish on an annual basis, the strategic orientations for the reform and investment priorities of the euro area.
Amendment 58 #
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. In parallel to its recommendation referred to in paragraph 1, the Commission shall informThe Commission shall inform the European Parliament and the Council on how the strategic orientations of the preceding years have been followed by the Member States.
Amendment 59 #
Proposal for a regulation
Article 5
Article 5
Amendment 60 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4 a) Measures aimed at fostering the recovery from the social and economic shock of the COVID-19 crisis should be guided by the principles of resilience and ecological and social sustainability. They should also strive to combine the need for urgency with a long-term perspective. Measures that were supported by strong scientific evidence and broad political and social agreement should not be weakened or postponed, but should continue to be assigned priority.
Amendment 63 #
Proposal for a regulation
Recital 5
Recital 5
(5) To ensure that strategic orientations reflect the evolving experience of the implementation of the budgetary instrument for convergence and competitiveness, the Commission should, alongside its recommendation on the strategic orientations, and as part of its recommendation on the economic policy of the euro area, inform the European Parliament and the Council of how the strategic orientations have been followed during the preceding years, where relevant. The Commission should make all relevant information available to the European Parliament and to the Council simultaneously.
Amendment 64 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
Amendment 65 #
Proposal for a regulation
Article 6 a (new)
Article 6 a (new)
Article 6 a Voting in European Parliament A majority in the European Parliament shall be defined in accordance with Article 231 TFEU.
Amendment 69 #
Proposal for a regulation
Recital 6
Recital 6
(6) The Member States whose currency is the euro can decide tomay 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 objectivpackages of reforms and investment that can be supporteds 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 discuss, based on the respective frameworks for the two application perionds, 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/from 1January 2021 to 31 December 2022 and from 1 January 20123 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)until the end of the budgetary period.
Amendment 77 #
Proposal for a regulation
Recital 7
Recital 7
Amendment 82 #
Proposal for a regulation
Recital 8
Recital 8
(8) Within the governance framework set out in this Regulation, the Council should set out the strategic orientations for the euro area as a whole and provide country-specific guidance on the objectives of reform and investment packages of the individual Member States whose currency is the euro. The Commission implements the Union’s budget under Article 317 TFEU, which includes the management of spending programmes, in accordance with the principles of sound financial management, budgetary control and parliamentary accountability. The Commission responsibilities with regard to the budgetary instrument for convergence and competitiveness [within the Reform and Investment Support Programme] under Regulation (EU) XXXX/XX should not be affected.
Amendment 86 #
Proposal for a regulation
Recital 9
Recital 9
(9) On the basis of an assessment by the Commission, the Council, shall may establish which Member States are experiencing a severe economic downturn, for the purpose of a modulation of national co-financing rates provided for in Regulation (EU) XXXX/XX [Reform and Investment Support Programme Regulation], and without prejudice to the application of Article 2(2) of Council Regulation (EC) 1467/97 as amendedthat a Member State is experiencing a severe economic downturn or that it no longer experiences a severe economic downturn.
Amendment 95 #
Proposal for a regulation
Recital 11
Recital 11
(11) The Commission should report to the European Parliament and the Council, at regular intervals, on the effectiveness of this Regulation in contributing to the strategic objectives.
Amendment 99 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Regulation lays down provisions for the governance framework relevant for the budgetary instrument for convergence and competitiveness for the euro area within the Reform and Investment Support Programme under Regulation (EU) XXX/XX10 . _________________ 10 O.J.C , , p.
Amendment 103 #
Proposal for a regulation
Article 2 – paragraph 1 – point a
Article 2 – paragraph 1 – point a
Amendment 107 #
Proposal for a regulation
Article 2 – paragraph 1 – point b
Article 2 – paragraph 1 – point b
(b) ‘euro-area recommendation’ means the Council recommendation on the economic policy of the euro area in accordance with Article 136 in conjunction with Article 121(2) TFEU, in the context of the European Semester.
Amendment 108 #
Proposal for a regulation
Article 2 – paragraph 1 – point b a (new)
Article 2 – paragraph 1 – point b a (new)
(b a) ‘strategic orientations for the euro area’ refer to the strategic orientations for reform and investment priorities for the purpose of allocating financial support for reform and investment packages under the budgetary instrument for convergence and competitiveness, which are laid down in Annex I of this Regulation for the period between 1 January 2021 and 31December 2022, and jointly issued, on the basis of a Commission proposal, by the European Parliament and the Council, for the period from 1January 2023 until the end of the budget period.
Amendment 118 #
This Regulation shall contribute to the convergence and competitiveness of the economies of the Member States whose currency is the euro by defining a governance framework relevant for the budgetary instrument for convergence and competitiveness, which sets out:setting out the strategic orientations on the reform and investment priorities of the euro area.
Amendment 120 #
Proposal for a regulation
Article 3 – paragraph 1 – point a
Article 3 – paragraph 1 – point a
Amendment 124 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
Amendment 128 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. On a recommThe setting of the strategic oriendtations from the Commission and after discussion in the Eurogroup, the Council shall establish, as part of the euro-area recommendationor reform and investment priorities, for the purpose of the budgetary instrument for convergence and competitiveness shall follow two stages: (a) for the period from 1 January 2021 until 31December 2022 the strategic orientations and reform and investment priorities are laid out in Annex I of this Regulation. (b) for the period from 1 January 2023 until the end of the budgeting period, the European Parliament and the Council shall establish, on a recommendation from the Comission, jointly and on an annual basis, the strategic orientations for the reform and investment priorities of the euro area, in coherence with the European Semester, the Paris Agreement, as well as the European Pillar of Social Rights.
Amendment 140 #
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. In parallel to its recommendation referred to in paragraph 1, the Commission shall inform the CouncilThe Commission shall inform the European Parliament and the Council, simultaneously, on how the strategic orientations of the preceding years have been followed by the Member States.
Amendment 150 #
Proposal for a regulation
Article 5
Article 5
Amendment 162 #
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 5Council 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 and Investment Support Programme Regulation].
Amendment 172 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. By 31 December 20231, the Commission shall publish a report on the application of this Regulation during the first stage of the Instrument as defined in Article 4(1a) of this Regulation. That report shall assess the effectiveness of this Regulation. By 31 December 2025, and every four years thereafter, the Commission shall publish a report on the application of this Regulation during the second stage of the Instrument as defined in Article 4(1b) of this Regulation. That report shall assess the effectiveness of this Regulation.
Amendment 180 #
Proposal for a regulation
Article 10 a (new)
Article 10 a (new)