Activities of Hugues BAYET related to 2016/2063(INI)
Plenary speeches (1)
European Central Bank annual report for 2015 (A8-0302/2016 - Ramon Tremosa i Balcells) FR
Amendments (9)
Amendment 14 #
Motion for a resolution
Recital C
Recital C
C. whereas, again according to the same forecast, the government deficit in the euro area will gradually decline from 2.1 % in 2015 to 1.9 % in 2016 and 1.6 % in 2017 and the debt-to-GDP ratio is also forecast to decline for the first time since the beginning of the crisis, even though there are still four countries involved in the Commission’s excessive deficit procedure: France, Spain, Greece and Portugal; whereas the euro area members have decided to support the Commission recommendation to penalise Spain and Portugal for failing to keep within the budget limits;
Amendment 37 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas the fall in real interest rates has not resulted in any slacking of the conditions governing access to credit for households and businesses, in any GDP or jobs growth or in a slackening of the Fiscal Compact rules in order to facilitate public investment in the real economy;
Amendment 72 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Calls for debt and deficit calculations not to factor in public investment carried out by Member States’ public operators, particularly in view of the impact of the new ESA 2010 system of accounts, which is preventing Member States from putting up co-financing for projects eligible for structural funding (in particular under the European Regional Development Fund, the European Social Fund and the Youth Employment Initiative) and thus from using this important source of funding to help find a way out of the economic crisis and kick- start growth and employment;
Amendment 79 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Acknowledges that, confronted with this very complex environment and the risks of a prolonged period of low inflation, the ECB was within the terms of its mandate in adopting extraordinary measures to lift inflation back up to the medium-term objective of 2 %; notes that, since the launching of the APP in March 2015, and owing to targeted long-term refinancing operation (TLTRO) programmes targeted at the real economy, financial conditions have improved, which has promoted a recovery in lending to firms and households in the euro areae failure of the targeted long-term refinancing operation (TLTRO) policy introduced by the ECB;
Amendment 130 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines that structural reforms in the economy and the labour market should also fully take into account the demographic trends in Europe, in order to create incentives for a more balanced demographic structure that would make it easier to maintain an inflation target of around 2 %; stresses that structural reform should go hand in hand with investment in the real economy;
Amendment 148 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Points out that the below-target level of inflation expected over the coming years will have an impact on a number of Member States' debt reduction programmes;
Amendment 162 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Understands the reason why negative rates have been implementedNotes the decision to introduce negative rates, but remains concerned about the potential consequences of negative interest rate policy for individual savers and the financial equilibrium of pension schemes; believes that owing to demographic trends and cultural preferences for saving, these negative effects on income may lead to an increase in the household saving rate, which could be detrimental to domestic demand in the euro area;
Amendment 192 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Stresses that greater flexibility in the Stability and Growth Pact rules could allow a better response to be made to the weak recovery and money to be found for the necessary structural reforms;
Amendment 220 #
Motion for a resolution
Paragraph 16
Paragraph 16