5 Amendments of Jonás FERNÁNDEZ related to 2017/0333R(APP)
Amendment 91 #
Motion for a resolution
Recital H
Recital H
H. whereas in the short term, the ESM reform should contribute in particular to the banking union, providing a proper common financial backstop forto be used by the Single Resolution FunBoard (SRFB), without prejudice to the need to establish a European Deposit Insurance Scheme (EDIS);
Amendment 104 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Suggests that the ESM be renamed not the European Monetary Fund (EMF) but the European Stability Fund (ESF), making it clear that the eurozone’s monetary policy remains the competence of the ECB;
Amendment 154 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Underlines that the primary mission of the new ESF should continue to be to provide transitional financial assistance to Member States in need, on the basis of the agreed adjustment programmes and free of any conditionality measures; stresses that the ESF must have adequate firepower for that purpose; opposes, therefore, any attempt to turn the reformed ESM into an instrument for banks only, or to reduce its financial capacity to support Member States; recalls that financial assistance provided to Member States under the new ESF has to be complemented by other fiscal capacity tools, including precautionary instruments, to promote economic and financial stabilisation, investment and upward socioeconomic convergence in the euro area;
Amendment 171 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Calls on the Commission to propose a review of the European Financial Stability Facility (EFSF) Regulation to allow it to use this facility to invest in ESM shares;
Amendment 201 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Calls for a swift ESM reform that also redefines its role, functions and financial tools, so that the new ESF can offer liquidity support in case of resolution and serve as a financial backstop forto be used by the SRFB; calls for the SRFis financial backstop to be made operational as soon as possible and, in any case, before 2024;