12 Amendments of Paul TANG related to 2016/2306(INI)
Amendment 180 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Notes that increased safety and stability of the financial system and its institutions are crucial for investment and growth in the European economy; stresses that the current financial system is characterised by increased safety and stability;
Amendment 190 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Stresses that a fully functioning Capital Markets Union can, in a longer perspective, provide alternative financing to SMEs, complementing that of the banking sector; stresses that the completion of the Capital Markets Union should not undermine the legislative achievements obtained so far and should help to close the regulatory gap;
Amendment 203 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Stresses that a step-by-step completion of the Banking Union shall aim at cutting the nexus between governments and banks and thereby increasing resilience in the banking sector, protecting tax payers and contributing to financial stability;
Amendment 227 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Emphasises that reliable investment requires a regulatory environment that allows for a return on investment; considers that predictable rules, a level playing field and reduced compliance costs are crucial factors for attractinglevels have plummeted since the crisis, even within the context of low interests rates; welcomes the recent efforts by the Commission to move towards a new growth oriented narrative with a more central role for investments;
Amendment 241 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Agrees with the Commission that the benefits of trade are often larger than realised in the public debate, and stresses that international trade is a significant source of jobs for Europeans and a crucial precondition for growth; reiterates that more than 30 million jobs are now supported by exports from the EU; financialisation, i.e. the rapid growth of the financial sector, is a driver behind inequality and slows economic growth1a ; notes that inaction on this problem potentially stains the image of all forms of globalisation and global governance; urges the Commission to come up with proposals to tackle the proliferation of the financial sector; _________________ 1aEuropean Economic Forecast Spring 2016, p. 13
Amendment 290 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Considers that well-functioning, flexible labour markets have proven to be quickerstrong social welfare states can help to precover fromvent that the economic downturn has to be absorbed by requiring more flexibility;
Amendment 299 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Is concerned about the effects of demographic developments on public finances,; conditioned by, inter alia, low birth rates, ageing societies and the influx of refugees; points in particular to the impact of ageing populations on pension and healthcare systems in the EU; notes that, owing to different demographic structures, the effects of these developments will vary across Member States, but warns that the already foreseeable funding costs will have a signirequires countries to tackle the problem of tax avoidance and the hidden costs of ficnant impact on public deficits; highlights the fact that current consolidation paths will not be sufficient to ensure compliance with EU fiscal rules if pension syscial deregulation and/or underregulation, notes that strong welfare statems are not reformed or current reforms are reversed or not implementeda characteristic of the European model;
Amendment 330 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Stresses the importance of wage developments in line with productivity in the long run to restore equal competitiveness while excluding the use of wage moderation as a beggar-thy- neighbour instrument;
Amendment 341 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Agrees that high taxation is a hindrance to investments and jobs; calls for reforms in taxation with a view to tackling the high tax burdeCalls for reforms in taxation with a view to tackling the high tax burden on labour in Europe; considers corporate tax avoidance as a challenge to the tax revenues of members states and calls for further European harmonization in the field of taxation, in line with the legislative proposal for a Common Con labour in Europesolidated Corporate Tax Base, in order to stop the harmful tax competition between member states;
Amendment 367 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Underlines the fact that allit is often unrealistic for Member States are obliged to comply with all the rules of the Stability and Growth Pact, especially the debt reduction rule, and that a rules based system of economic governance has shown its limitations; points, in this regard, also to the importance of the Treaty on Stability, Coordination and Governance (TSCG), and urges the Commission to submit a report on the implementation of the TSCG in the Member States;
Amendment 437 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Takes note ofWelcomes the Commission’s communication on a fiscal stance; questions the usefulness of an aggregate target, given the lack of significant spill- over effects of domestic demand between Member States; recalls that the Member States must comply with the Stability and Growth Pact, regardless of aggregate recommendations, which highlights the lack of investment in Europe and clearly illustrates how the Stability and Growth Pact does not lead to macro-economic convergence, inter alia because it was not designed for the current low interest rate and low investment environment;
Amendment 455 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Takes the view that improving the structure of public budgets is a key lever to ensure compliance with EU fiscal rulesresponsibility and to allow for the financing of indispensable expenditure, the building of buffers for unforeseen needs and, lastly, the financing of non-essential spendinginvestments;