15 Amendments of Paul TANG related to 2020/2078(INI)
Amendment 28 #
Motion for a resolution
Recital C
Recital C
C. whereas a determined, coordinated and solidarity-based European response is essential to mitigate the negative economic and social consequences of the crisis, the fragmentation of the internal market and the further deepening of macroeconomic divergence and structural polarisation between regions and countries;
Amendment 43 #
Motion for a resolution
Recital C c (new)
Recital C c (new)
Cc. whereas the COVID 19 crisis is affecting vulnerable groups in particular, resulting in increased inequalities, poverty, unemployment and social divergences, as well as undermining social and employment standards in Europe;
Amendment 48 #
Motion for a resolution
Recital C e (new)
Recital C e (new)
Ce. whereas the EU and its Member States have committed to the treaty-based values, implementation of the UN 2030 Agenda, the European Pillar of Social Rights and the Paris Climate Agreement;
Amendment 49 #
Motion for a resolution
Recital C f (new)
Recital C f (new)
Cf. whereas the disruption is affecting the European economy as a whole, and whereas an equal debt issuance capacity and access to funding must be ensured in order to deal with the crisis, including for Member States not in the euro area;
Amendment 93 #
Motion for a resolution
Paragraph 4 b (new)
Paragraph 4 b (new)
Amendment 96 #
Motion for a resolution
Paragraph 4 c (new)
Paragraph 4 c (new)
4c. Welcomes in principle the Commission’s proposal of a new Recovery and Resilience Facility to support Member States through non-repayable financial support and loans to implement investments and reforms that are essential for a sustainable recovery based on priorities identified in the framework of the European Semester of economic policy coordination, including the principles of the European Pillar of Social Rights, and in regard to contribute to the 2030 climate goal and to the digital agenda; (Article subject to adjustment due to the state of negotiations)
Amendment 103 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the swift and strong response to the crisis in the area of monetary and fiscal policy, at both EU and Member State level, as well as the European Recovery Plan; cConsiders it essential that the recovery package is fully aligned with the EU’s new growth strategy, i.e. in accordance with the principles of the European Green Deal (EGD), the European Pillar of Social Rights (EPSR) and the United Nations Sustainable Development Goals (SDGs), and with the aim to protect women’s rights and achieve gender equality and that puts the well-being of citizens and sustainability in the center of our action; Moreover, the recovery fund should provide additional support to the Sustainable Europe Investment Plan (SEIP) to boost the EU’s economies towards a sustainable and inclusive economy that would enable the essential transition to a climate-neutral economy; demands that funds and resources be directed to projects and beneficiaries that comply with our Treaty-based fundamental values, including the rule of law, and that recipient firms protect their workers, pay their fair share of taxes, and refrain from paying out dividends or offering share buy- back schemes aimed at remunerating shareholders;
Amendment 118 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the activation of the general escape clause of the Stability and Growth Pact, and expects that it will remain activated at least until the end of 2021 in order to support the efforts of the Member States to recover from the pandemic crisis and strengthen their economic and social resilience; and to pave the way to the ecological transition that is fair and inclusive, that supports the economy’s competitiveness and that addresses the risks posed by climate change, including the resulting increase in regional disparities and social inequalities; In this regard, shares the view of the European Fiscal Board that rapidly reversing the fiscal stance is not favourable for the recovery and that larger and longer fiscal support and the extension of discretionary fiscal measures, including a strong component of government spending, is needed, also in 2021, to sustain demand; 1e _________________ 1e EFB Report 2020: Assessment of the fiscal stance appropriate for the euro area https://ec.europa.eu/info/publications/asse ssment-fiscal-stance-appropriate-euro- area_en
Amendment 144 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes the conclusion of the European Fiscal Board (EFB)9 that the fiscal framework has to be revised, and i due to its unnecessary complexity, pro- cyclicality, overreliance on unobservable variables and the fact that it has not protected the quality of public expenditure nor promoted public investment during the period of growth the last seven years before the crisis; Is convinced that the deep economic crisis triggered by the pandemic further exacerbates this need; believes that the review and reform have to meet the above requirements in terms of increasing investment relating to climate change and digitalisation and stabilising the new level of investment, while ensuring sound budgetary management; _________________ 9EFBuropean Fiscal Board Annual rReport 2019, p. 71 - https://ec.europa.eu/info/sites/infos/files/20 19-efb-annual-report_en.pdf
Amendment 187 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Proposes a combination of expenditure rules for public non- investment expenditure and a golden rule for public investment and investments in services of public interest, which is central to both; wishes to see a rapid recovery from the COVID-19 crisis and a transition to a cleaner, socially sustainable and more digital society; Highlights in this respect the European Fiscal Board's analysis that a government investment rule is needed to protect growth-enhancing government expenditure for the EU’s policy priorities and that low interest rates offer a unique opportunity for governments to invest in the future; 1f _________________ 1fEFB Report 2020: Assessment of the fiscal stance appropriate for the euro area https://ec.europa.eu/info/sites/info/files/20 20_06_25_efb_assessment_of_euro_area_ fiscal_stance_en.pdf
Amendment 217 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Underlines the need for the integration of a new set of binding sustainability and wellbeing indicators and alternative measurements of growth performance and calls for a new Sustainable Development Cycle, as one comprehensive surveillance procedure to address the EU’s economic, social and sustainability objectives under one governance framework, and to ensure a coherent approach to the EU’s long-term recovery and resilience strategy;
Amendment 232 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Welcomes the European Green Deal as our new growth strategy bringing together four dimensions: environment, productivity, stability and fairness, and where competitive sustainability is at the heart of Europe’s social market economy, enabled by digital and green technologies, an innovative industrial base and strategic autonomy, to make Europe a transformational frontrunner;
Amendment 234 #
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13b. Calls for the improvement of the social scoreboard, considering the UN Agenda 2030, to address and examine the actual social needs of the crisis and addresses lasting consequences with the aim to facilitate quality employment, quality health and social care services, education and training and social protection systems; Furthermore, calls for the completion of the imbalance procedure to monitor and identify social imbalances and to integrate a social imbalance procedure, that would lead to Country Specific Recommendations and the definition of Medium-Term Social Objectives in order to correct such imbalances;
Amendment 254 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Invites the Commission to explore new policies suggested by international institutions that support and contribute to financing a just transition and sustainable growth, as well as aiming to restore Member States’ public finances; calls for the new basket of resources to include income stemming from EU policies favouring both the implementation of environmental protection and the preservation of a fair single market; urges in this context, Members States to agree on including the auction revenues of the Emission Trading Scheme, a contribution on non-recycled plastic packaging and a 3% rate to the share of taxable profits of each Member State, based on the Common Consolidate Corporate Tax Base; calls for the additional inclusion of revenues emanating from the future Carbon Border Adjustment Mechanism, from a single market levy on very large multinationals, which benefit the most from the possibilities offered by the Single Market, from a fairer taxation of digital companies that are being less affected by lockdown measures as well as revenues generated by a Financial Transaction Tax;
Amendment 276 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Fully supports the European Fiscal Boards call for a permanent fiscal capacity as natural complement to a EU framework, empowered to borrow meaningful amounts of funds on the market, and which focusses on the protection of growth-enhancing government expenditure and allowing to respond to severe shocks in a timely fashion; Stresses that such a capacity has to be accountable to the European Parliament and based on strategic orientations defined under co-decision within a governance framework with the aim to bring value added for its citizens and the EU as a whole, e.g. through investments in the green, digital and social infrastructures;