Activities of Lieve WIERINCK

Motion for a resolution
Recital E a (new)

Ea. whereas the long-term sustainability of public finances of EU Member States is a matter of concern for intergenerational fairness

2019/01/22
Committee: ECON

2018/2119(INI)

Motion for a resolution
Paragraph 1

1. Notes that the Commission’s 2018 Ageing Report shows that fiscal costs linked to pensions, healthcare and long- term care are expected to rise over the coming decades, as Europe’s population continues to age significantly; underlines the need to reform the pension systems in the Member States to ensure long term sustainability;

2019/01/22
Committee: ECON

2018/2119(INI)

Motion for a resolution
Paragraph 2

2. Urges Member States to take responsibility for future generations, and to ensure the sustainability of our social security systems, intergenerational fairness and, in so doing, the future of our welfare states;

2019/01/22
Committee: ECON

2018/2119(INI)

Motion for a resolution
Paragraph 8

8. Regrets that Italy has not submitted a revised draft budgetary plan for 2019 to the Commission; supports the Commission’s consideration of a debt- based excessive deficit procedure against Italy, given the country’s failure to comply with the debt criterion; is concerned that some Member States’ governments’ lack of commitment to EU fiscal rules may undermine the trust of financial markets leading to higher refinancing costs and thereby increasing the financial burden for their citizens;

2019/01/22
Committee: ECON

2018/2119(INI)

Motion for a resolution
Paragraph 9

9. Urges Member States to build fiscal buffers for future generations; calls for ~~improvements to the~~the full enforcement of the Stability and Growth Pact (SGP), with a focus on debt reduction; recalls the importance of credible fiscal rules for regaining trust of financial markets, which is fundamental to attract investment;

2019/01/22
Committee: ECON

2018/2119(INI)

Motion for a resolution
Paragraph 10

10. Welcomes the European Fiscal Board’s proposal for a radical simplification of the budgetary rules to ~~overcome the weaknesses of~~further improve the current EU fiscal framework; stresses that flexibility, as built into the SGP rules, ~~should~~allows Member States to strike a good balance between the objective of ensuring prudent and responsible fiscal policy and allowing for productive investments;

2019/01/22
Committee: ECON

2018/2119(INI)

Motion for a resolution
Paragraph 12

12. Stresses the ~~importance~~urgent need of re~~view~~forming national public pension schemes, largely financed on a pay-as-you- go basis, in order to reduce their budgetary burden and making them long term sustainable;

2019/01/22
Committee: ECON

2018/2119(INI)

Motion for a resolution
Paragraph 25

25. Highlights the urgent need for a fully-fledged capital markets union~~, as~~ in order to facilitate cross-border investments and access to financing for EU companies, as well as ensuring that financial markets ~~could~~ provide for further private risk-sharing and risk-reduction mechanisms;

2019/01/22
Committee: ECON

2018/2114(INI)

Draft opinion
Paragraph 4 a (new)

4 a. Recalls its prerogative as co- legislator and insists on the full respect of the ordinary legislative procedure in relation to the decisions regarding the location of the seats of its bodies and agencies;

2018/10/26
Committee: ECON

2018/2114(INI)

Thierry CORNILLET, Lieve WIERINCK, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 4 b (new)

4 b. Notes that the number of agencies and the resources allocated to them has been growing in recent years; Calls for a clear common understanding between the EU institutions on the role of agencies;

2018/10/26
Committee: ECON

2018/2101(INI)

Motion for a resolution
Paragraph 2

2. Notes that the EU economy grew at its fastest rate in 10 years in 2017 and that all Member States saw their economies expand; that, while continuing to dramatically affect youth in the EU, EU unemployment is at the lowest level since 2008 welcomes the role of the ECB and the structural reforms undertaken in some Member States as part of the ongoing recovery;

2018/09/18
Committee: ECON

2018/2101(INI)

Thierry CORNILLET, Lieve WIERINCK, Ramon TREMOSA i BALCELLS

Motion for a resolution
Paragraph 3

3. Warns, however, of the rise of uncertainties, which stem from the threat of increased protectionism, the Brexit negotiations, rising populism across the political spectrum and rising divergences between Member States on the future of European integration, among other causes;

2018/09/18
Committee: ECON

2018/2101(INI)

Motion for a resolution
Paragraph 5

5. Notes the ECB’s positive view on the establishment of a European deposit insurance scheme (EDIS) as the third pillar of the banking union; recognises that risk sharing is, as ECB President Draghi has stated, an effective risk reduction method and that the two should go hand in hand; considers therefore that in parallel to the risk reduction efforts already implemented or well on track, a third pillar should be completed as soon as possible; this third pillar should allow depositors to be better protected both individually and collectively than in the current system;

2018/09/18
Committee: ECON

2018/2101(INI)

Thierry CORNILLET, Lieve WIERINCK, Ramon TREMOSA i BALCELLS

Motion for a resolution
Paragraph 7

7. ~~Calls~~Is concerned about rapidly rising property prices in certain Member States; calls therefore for vigilance against the risk of a resurgence in real estate bubbles and excessive household and private sector indebtedness in some Member States;

2018/09/18
Committee: ECON

2018/2101(INI)

Motion for a resolution
Paragraph 8

8. Agrees with the ECB’s decision to end the APP, subject to incoming data confirming its medium-term inflation outlook, and considers that this instrument should only be used on a temporary basis, as it creates new risks for financial stability and reduces incentives to consolidate public finances and to implement structural reforms;

2018/09/18
Committee: ECON

2018/2101(INI)

Motion for a resolution
Paragraph 10

10. Takes note that of all private sector purchase programmes, the corporate sector programme (CSPP) contributed the most to the APP in 2017, with EUR 82 billion in net purchases; welcomes the fact that since 2017 the ECB has been publishing the full list of all CSPP holdings, including the names of issuers, together with aggregated data on those holdings by country, risk, rating and sector; calls, however, for further measures in order to disclose the operational procedures used in the choice of securities purchased by national central banks (NCBs); stresses that the CSPP shall by no means lead to competitive distortions within the internal market;

2018/09/18
Committee: ECON

2018/2101(INI)

Motion for a resolution
Paragraph 18 a (new)

18a. Echoes the positions expressed by members of the Executive board on the importance of developing truly European payment systems immune from external disruptions such as those of a political nature;

2018/09/18
Committee: ECON

2018/2101(INI)

Thierry CORNILLET, Lieve WIERINCK, Ramon TREMOSA i BALCELLS

Motion for a resolution
Paragraph 18 b (new)

18b. Draws attention to President Juncker's call in his State of the Union 2018 speech to address the international role of the euro and the need for it to play its full role on the international scene; welcomes the willingness of the ECB to work with the Commission and Member States on this crucial issue, in spite of it falling outside the formal mandate of the ECB;

2018/09/18
Committee: ECON

2018/2101(INI)

Motion for a resolution
Paragraph 19

19. Stresses the importance of the ECB being accountable towards Parliament; welcomes, in this respect, the permanent dialogue between the ECB and Parliament, and the regular appearances of the President of the ECB and, where applicable, other Members of the Executive Board, before the ECON committee and Plenary; encourages the ECB to continue this dialogue ~~and, when necessary, to better explain its decisions and policies~~; stresses that the ECB has improved its communication; believes that the ECB should continue its efforts in order to make its decisions available and understandable to all citizens as well as its actions to maintain price stability in the euro area and therefore preserve the purchasing power of the common currency;

2018/09/18
Committee: ECON

2018/2101(INI)

Thierry CORNILLET, Lieve WIERINCK, Ramon TREMOSA i BALCELLS

Motion for a resolution
Paragraph 20

20. Recalls that the coming months will see important changes in the Governing Council of the ECB, with several Board members, including the President; concluding their terms; considers that these changes should be prepared carefully and in full transparency with Parliament, in line with the treaties; stresses that the members of the Executive Board must be selected solely on the basis of their recognised standing and professional experience in monetary or banking matters; reiterates its position that the Executive Board needs to significantly improve gender balance, as well as in the ECB staff more generally;

2018/09/18
Committee: ECON

2018/2093(INI)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 1

1. Recalls its conclusions that intergovernmental decision-tmaking structures and processes increase complexity of institutional responsibility, reduce transparency and democratic accountability and that the Community method is best for the functioning of the Union;

2018/10/09
Committee: ECON

2018/2093(INI)

Draft opinion
Paragraph 2 a (new)

2a. Calls for the creation of the seat for a Finance Minister for the Euro Area. A Finance Minister for the Euro Area will manage a Euro area treasury. He/ she will ensure consistent, predictable and coherent decision-making with regard to Euro Area policies and will coordinate and ensure the implementation of the relevant Euro area rules and legislation that these policies entail and shall be accountable to the European Parliament.

2018/10/09
Committee: ECON

2018/2093(INI)

Draft opinion
Paragraph 2 b (new)

2b. Calls for the creation of a budget line for the Euro Area, in the Multi- annual Financial Framework for the Union. This budget shall support the implementation of Euro Area policies.

2018/10/09
Committee: ECON

2018/2093(INI)

Draft opinion
Paragraph 2 c (new)

2c. Considers that the Banking Union needs to be strengthened by a credible safeguard. Calls for the establishment of a European Monetary Fund that would serve as a fiscal backstop to the European Resolution Fund. It will consist of a credit line to the Single Resolution Fund. It shall be used as a means of last resort and shall be fiscally neutral.

2018/10/09
Committee: ECON

2018/2093(INI)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 6

6. Stresses the importance for convergence of the Cohesion, and Structural ~~and Investment Funds and of the EIB~~Funds and, welcomes programmes such as the Reform Support Programme to ~~help~~support Member States ~~on their way~~ to join~~ing~~ the eEuro ~~and further conversion within the EU, and requests an increase in the budget allocation for such programmes~~Area and adopt the Euro as their currency.

2018/10/09
Committee: ECON

2018/2093(INI)

Draft opinion
Paragraph 6 a (new)

6a. Recalls that the completion of the Single Market is a catalyst for economic integration and convergence of the Member State economies that it consists of; Calls on the Commission as a matter of priority to enforce the current legislation and accelerate the work on removing obstacles to its completion.

2018/10/09
Committee: ECON

2018/2093(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Draft opinion
Paragraph 6 b (new)

6b. Stresses the importance of the Investment Funds and the EIB in closing the investment gap in the EU and to support capacity building.

2018/10/09
Committee: ECON

2018/2088(INI)

Motion for a resolution
Citation 1 a (new)

– having regard to the European Commission proposal establishing the Digital Europe programme for the period 2021-2027 published on June 6th 2018;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Citation 1 b (new)

– having regard to the Council Regulation 2018/1488 of 28 September 2018 establishing the European High Performance Computing Joint Undertaking;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Recital A a (new)

Aa. whereas on 25 April 2018 the Commission committed to propose a European approach by developing draft Artificial Intelligence guidelines in cooperation with stakeholders within the AI alliance, a group of artificial intelligence experts, in order to boost AI- powered applications and businesses in Europe;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Recital A b (new)

Ab. whereas a coordinated approach at European level is urgently needed to be able to compete against the massive investments made by third countries especially the US and China;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Recital B

B. whereas AI and robotics have the potential to reshape multiple industries and lead to greater efficiencies; whereas the availability of large-scale data sets and testing and experimentation facilities are of major importance for the development of artificial intelligence;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Recital B a (new)

Ba. whereas the Union computing performance needed to be maintained at a leading level, the Union should provide an opportunity for its supply industry and increase its effectiveness in turning the technology developments into demand- oriented and application-driven leading to their uptake in large-scale and emerging application underpinned by artificial intelligence;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Recital D a (new)

Da. whereas commercial artificial intelligence platforms have moved from testing to real applications in health, environment and energy, transport; whereas machine-learning techniques are at the heart of all main web platforms and big data applications.

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Recital E a (new)

Ea. whereas cybersecurity technologies such as digital identities, cryptography or intrusion detection, and their application in areas such as finance, industry 4.0, energy, transportation, healthcare, or e-government are essential to safeguard the security and trust of online activity and transactions by both citizens, public administrations, and companies;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 1

1. Stresses that automation will increase productivity derived from artificial intelligence ~~will increase productivity~~ and therefore increase output~~; n~~. Notes that, as in previous technological revolutions~~, some jobs~~ there will be the replace~~d but new jobs will also be created~~ment of some jobs but also the creation of new jobs transforming lives and work practices; stresses that growth in Robotics and AI will also reduce human exposure to harmful and hazardous conditions;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 2

2. Urges Member States and the Commission to focus on retraining workers in the industries most affected by automation; stresses that new education programmes should focus on developing the skills of workers so that they can seize job opportunities within the new jobs created by AI;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 5

~~5. Welcomes the ambition of Japan’s Robot Strategy to have 4 out of 5 patients opt for robotic care and calls on the Commission to reciprocate this ambition;~~deleted

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 6

6. Notes the importance of greater investment in this field in order to remain competitive; recognises that while most of the investment and innovation in this area comes from private sector ventures, Member States and the Commission should also be encouraged to invest in research in this sector and outline their development priorities; considers that the coordination of private- and public-sector investment should be encouraged to ensure that development is focused; calls on the Commission to assess the necessity of setting up a platform that brings together industry, governments and research institutes;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 6 a (new)

6a. Welcomes the Digital Europe Programme published by the Commission on June 6th 2018;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 8 a (new)

8a. Supports the operational objectives of the DEP to build up and strengthen core artificial intelligence capacities in the Union, to make them accessible to all businesses and public administrations and to reinforce and network existing artificial intelligence testing and experimentation facilities in Member States;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 9

9. Recalls that the availability of quality data is essential for real competitiveness in the AI industry, and calls for public authorities to ensure ways of producing, sharing and governing data by making data a common good; recalls that advance text and data mining can in particular the quality of the data;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 9 a (new)

9a. Stresses that a high level of safety, security and privacy of data used for the communication of people with robots and artificial intelligence has to be ensured; therefore calls on the Commission and Member states to integrate the security and privacy by design principles in their policies related to robotics and artificial intelligence;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 9 b (new)

9b. Stresses that the integration of robotics and AI technology within the economy and the society require digital infrastructure that provides ubiquitous connectivity;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 9 c (new)

9c. Stresses the importance of targeted measures to ensure that small and medium-sized enterprises and start-ups are able to adopt and benefit from AI technologies; believes that impact assessments of the effects of new EU legislation on the technological development of AI should be mandatory, and that such impact assessments should also be considered at national level;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 9 d (new)

9d. calls for the swift implementation of the Cybersecurity Act, the development of EU certification schemes should ensure a more resilient development and deployment of safe AI and robotic systems;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 9 e (new)

9e. In order to foster a regulatory environment favourable to the development of AI and in line with the principle of better regulation, calls on the Commission to regularly re-evaluate the current legislation to ensure it is fit for purpose in respect of AI while respecting EU fundamental values, and seek to amend or substitute new proposals where this is shown not to be the case;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 9 f (new)

9f. Welcomes the implementation of European Digital Innovation Hubs, providing access to technological expertise and experimentation facilities as well as facilitating access to finance; underlines that European Digital Innovation Hub shall be open to business of all forms and sizes, in particular to SMEs, scale-ups and public administrations across the Union;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 16

16. ~~Notes that AI and robotics have the ability~~Welcomes the ability of AI and robotics to greatly improve our transport links through the introduction of driverless trains and motor vehicles; ~~welcomes greater~~calls for more research and investment in this area to ensure its safe and effective development; highlights the tremendous opportunities for both larger tech companies and small and medium size enterprises;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 18

18. Notes that the prevalence of autonomous vehicles in the future poses risks to data privacy and technical failures and will shift the liability from the driver to the vehicle, requiring insurance companies to shift how they incorporate risk into their underwriting;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 21

21. ~~Calls for the creation of an ethical charter of best practice for AI and robotics that companies and experts should follow~~Believes that Artificial intelligences actions and applications shall comply with ethical principles and relevant national, Union and international laws, including the Charter of Fundamental Rights of the European Union and the European Convention of Human Rights and the Protocol thereto; therefore awaits the publication of the recommendations of the High-Level Expert Group on Artificial Intelligence on ethical issues;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 25

25. ~~Points out that while AI~~Acknowledges that machine learning algorithms are trained to learn by themselves without breing~~s great~~ programmed, benefits ing to automation and decision- making~~, it also carries an inherent risk when the algorithms are static and opaque; stresses, in this context, the need for greater transparency of algorithm~~; calls for AI ethics guidelines to address issues related to algorithmic transparency, accountability and fairness;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 31

31. Stresses the different models being developed in third countries, concretely in the US, China, Russia and Israel, and highlights the values-based approach used in Europe and the need to work with international partners; rRecognises that this technology does not have any borders and requires cooperation beyond that of the EU Member States alone; however stresses the great need for the Union to build up its own capacities;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 32

32. Calls on the Commission to work at an international level to ensure maximal consistency between international players but also to allow the EU to better promote its values worldwide;

2018/12/07
Committee: ITRE

2018/2088(INI)

Caroline NAGTEGAAL, Angelika MLINAR, Lieve WIERINCK

Motion for a resolution
Paragraph 33

33. Welcomes the different strategies developed by the Member States; welcomes the action plan on AI of the Commission published on December 5th 2018; calls for better coordination between the Member States and the Commission;

2018/12/07
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Recital A a (new)

A a. - Whereas Blockchain in itself is not an application, but the technology behind its applications;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Recital A b (new)

A b. Whereas Blockchain is a disruptive technology with a potentially disruptive impact on different stakeholders around the industries it affects;

2018/10/10
Committee: ITRE

2018/2085(INI)

Draft opinion
Recital B

B. whereas DLTs, and in particular blockchain, could optimise transparency and traceability, in turn building confidence and fostering competitiveness and the capacity for innovation in the EU; Whereas nodes within the Blockchain operate under a pseudonym, and can therefore, by definition not operate anonymously;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Recital B a (new)

B a. - Whereas Blockchain’s inherent characteristics are automatic tracing, recognition, verification and supervision;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 1 a (new)

1 a. Stresses that it is not desirable to legislate the Blockchain technology itself, but its applications instead. Notes that legislating the technology at the basis of the applications would limit innovation and the creation of new applications;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 2

2. Notes the potential of the integration of DLTs with other technologies such as the Internet of Things, Artificial Intelligence and quantum computing, and calls for further research into their applicability to the digital transformation and automation of international trade; Welcomes the Commission proposal to set up the DigitalEurope Programme that will strengthen the EU΄s capacities for those technologies, as these are catalysts for blockchain technology;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 2 a (new)

2 a. Notes that Blockchain is becoming an important tool across various sectors and industries, notably in the financial sector and supply-chain modelling.

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY

Draft opinion
Paragraph 2 b (new)

2 b. Stresses that Blockchain could have a disruptive effect on employment in labour-intensive service industries; calls on the Commission to request a study on the potential impact on disruptive inter- and intra-industry employment evolution;

2018/10/10
Committee: ITRE

2018/2085(INI)

Draft opinion
Paragraph 3

3. Underlines that smart contracts can be a key enabler of decentralised applications in ~~international~~ trade operations, ~~but warns, at the moment, that the technology may not be suffici~~such as in balancing the energy market by helping supply to meet demand at the currently ma~~ture for regulation to be considered legally enforceable~~rket price through automatic smart contracts between prosumers, whom it fully empowers;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY

Draft opinion
Paragraph 3 a (new)

3 a. Notes the important role that this technology can play in the completion of the EU Energy Union; Recognises the challenge that energy consumption poses when using this technology; Notes that blockchain could be part of the solution by using more efficient algorithms, improving the efficiency of energy exchanges, enhancing the design and use of energy grids and decentralised energy production, contributing to the transformation of the energy markets;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 4

4. Calls on the Commission to collaborate with Member States in coordinated actions using DLTs to improve monitoring, control, security and verification mechanisms to fight unlawful payments, facilitate anti-money laundering policies and detect misappropriation of assets; Notes that the technology can provide an alternative to the central supervisory authority in models where this authority cannot be trusted;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 4 a (new)

4 a. Notes that Blockchain can play an important role in the protection and sharing of intellectual property, specifically regarding the protection of the rights of the owner; Calls on the Commission to consider the role of Blockchain in the development of Smart IP Rights;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 7

7. Calls for measures to encourage SMEs and start-ups to explore the use of DLT to improve international trade operations and the development of an innovation ecosystem that reduces entry barriers and facilitates access to financing; Stresses blockchain's potential role in enhancing the level playing field for SME's through a reduction in the administrative burden; Emphasises that the developing industry around Blockchain brings new employment opportunities;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 7 a (new)

7 a. Emphasises that Blockchain can be used in applications of regulatory technologies (RegTech), significantly reducing compliance costs;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 7 b (new)

7 b. Highlights that the rise of a new industry around Blockchain comes with high efficiency gains and an increase in productivity;

2018/10/10
Committee: ITRE

2018/2085(INI)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 8

8. Welcomes the 'EU Blockchain and Observatory Forum' ~~and e~~on the 1st of February 2018. Requests hereby the Commission to explore the possibility to expand the mandate of the EU Blockchain Observatory and Forum in order to involve relevant stakeholders in the framework of addressing upcoming challenges; Encourages it to study applications aimed at facilitating international trade.

2018/10/10
Committee: ITRE

2018/2033(INI)

Caroline NAGTEGAAL, Nils TORVALDS, Wolf KLINZ, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Lieve WIERINCK

Motion for a resolution
Paragraph 1

1. Takes note of the Commission’s 2018 country-specific recommendations (CSR); is concerned that in the period 2011 - 2017 only 9 % of CSRs have been fully implemented; stresses that in particular the implementation of CSRs targeted to fight corruption and to sustain ageing societies need to be stepped up;

2018/07/16
Committee: ECON

2018/2033(INI)

Caroline NAGTEGAAL, Thierry CORNILLET, Wolf KLINZ, Nils TORVALDS, Lieve WIERINCK

Motion for a resolution
Paragraph 1 a (new)

1a. Welcomes the return of economic growth in the euro area and the fact that unemployment in the EU has reached its lowest levels since 2008;

2018/07/16
Committee: ECON

2018/2033(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Wolf KLINZ, Nils TORVALDS, Lieve WIERINCK

Motion for a resolution
Paragraph 2

2. Reiterates the urgency ~~of carrying on the fight against the inequalities that hamper economic growth~~to use the current economic good period of carrying out structural reforms to improve competitiveness to create jobs and growth and to make the economy more resilient;

2018/07/16
Committee: ECON

2018/2033(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Wolf KLINZ, Nils TORVALDS, Lieve WIERINCK

Motion for a resolution
Paragraph 3

3. Considers that growth-orientated ~~fiscal policies are needed at the European level, alongside an appropriate monetary policy, in order to strengthe~~structural reforms are needed to strengthen both the European economy and the economies of the Member States; therefore supports the proposal to make part of the allocation of European funds conditional on the European ~~economy~~Semester;

2018/07/16
Committee: ECON

2018/2033(INI)

Caroline NAGTEGAAL, Nils TORVALDS, Wolf KLINZ, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Lieve WIERINCK

Motion for a resolution
Paragraph 14 a (new)

14a. Is concerned by the still very high public debt levels in the Euro area, which hamper job creation and growth, make Member States vulnerable to crisis and are a burden for future generations; stresses that high levels of public and private debt reduce the possibility to invest, which is necessary to create jobs and growth;

2018/07/16
Committee: ECON

2018/2033(INI)

Caroline NAGTEGAAL, Nils TORVALDS, Wolf KLINZ, Thierry CORNILLET, Lieve WIERINCK

Motion for a resolution
Paragraph 15

15. ~~Notes with concern the recent rise in oil prices which generally weakens growth and raises inflation; stresses that, rather than relying on seasonal factors for its recovery,~~Stresses that the only way to make the European economy an area of prosperity is to encourage ~~public~~ investment and ~~promote domestic demand~~structural reforms to modernise the economy;

2018/07/16
Committee: ECON

2018/2033(INI)

Caroline NAGTEGAAL, Nils TORVALDS, Lieve WIERINCK

Motion for a resolution
Paragraph 18

18. Recalls the need for stronger surveillance of the employment and social situation in Europe and appropriate and constant follow-up at every step of the European Semester in order to boost ~~quality~~ job creation and thus achieve smart, sustainable and inclusive growth;

2018/07/16
Committee: ECON

2018/2033(INI)

Caroline NAGTEGAAL, Nils TORVALDS, Wolf KLINZ, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Lieve WIERINCK

Motion for a resolution
Paragraph 21

21. ~~Regret~~Strongly welcomes the fact that the Commission makes part of the allocation of European funds conditional on the European Semester and economic governance;

2018/07/16
Committee: ECON

2018/2033(INI)

Caroline NAGTEGAAL, Nils TORVALDS, Wolf KLINZ, Thierry CORNILLET, Lieve WIERINCK

Motion for a resolution
Paragraph 22

22. Stresses the ~~key~~ importance of structural funds for the stimulation of public and private investment, taking into account their ~~strong~~ multiplier effect;

2018/07/16
Committee: ECON

2018/2033(INI)

Caroline NAGTEGAAL, Wolf KLINZ, Nils TORVALDS, Lieve WIERINCK

Motion for a resolution
Paragraph 23

23. ~~Warn~~Believes that the longer the current savings-oriented policy – primarily focused on making spending cuts – continues without an effective investment plan to generate revenue through growth, social cohesion and solidarity, the clearer it will become that Europe’s economic integration and prosperity is at risk from growing social inequalitiestriangle of fiscal responsibility, structural reforms and investment enhancing polices are key to create prosperity in the Union;

2018/07/16
Committee: ECON

2018/2033(INI)

Caroline NAGTEGAAL, Nils TORVALDS, Wolf KLINZ, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Lieve WIERINCK

Motion for a resolution
Paragraph 25

25. Recalls that the completion of the EMU requires strong political commitment, efficient governance based on the Community method and democratic accountability, and better ~~use of the available financial resourc~~implementation of the existing rules ;

2018/07/16
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Citation 3 a (new)

- having regard to the HLEG final report of January 2018 entitled ‘Financing a Sustainable European Economy’,

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Citation 32

— having regard to the ~~Bankwatch Network briefing of May 2017~~European Investment Bank (EIB) 2016 Statistical Report, which ~~found~~shows that ~~in 16 EU Member States European Investment Bank (EIB) support for climate action~~EIB support for climate action continues to reflect the different market contexts across the EU and did not reach ~~even~~ the level of 20 % in 16 EU Member States in 2016, and that while climate action investment in 2016 was predominantly located in the EU’s stronger economies, with 70 % of European Fund for Strategic Investments (EFSI) support for renewable energy being concentrated in Belgium, while 80 % of energy efficiency investment through the EFSI was allocated to France, Finland and Germany,the EIB financed renewable energy and energy efficiency projects in 18 Member States in 20161a; _________________ 1aEuropean Investment Bank 2016 Statistical Report, 27.04.2017.

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Paragraph 1

1. Stresses the potential of a faster green transition as an opportunity for orienting capital markets towards long- term, innovative and efficient investments; notes that environmental, social and governance (ESG) benefits and risks are ~~not~~oftentimes not sufficiently reflected in prices and that this provides a market advantage to unsustainable and short- termist geared finance; stresses that a political and regulatory framework to govern sustainable finance is overdue;

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Motion for a resolution
Paragraph 2

2. Stresses that the financial sector as a whole and its core function of allocating capital to benefit society should be governed by the ~~values of equity and~~principle of sustainability; emphasises in that respect the instrumental role of economic, and fiscal ~~and monetary~~ policy in fostering sustainable finance by facilitating capital allocation to decarbonised and resource- efficient economic activities which are able to reduce the current need for future resources and thereby capable of meeting EU sustainability goals; ~~insists that a substantial price for greenhouse gas emissions is a key component of a functioning and efficient environmental and social market economy;~~

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Paragraph 3

3. Emphasises the ~~massive~~potential systemic risks that stranded carbon assets represent to financial stability; stresses the need for the identification and mandatory reporting of these assets as essential to the orderly transition to climate-positive investments; calls fto explore the possibility of introduc~~tion of~~ing ‘carbon stress tests’ for banks and other financial intermediaries to determine the risks related to such stranded assets;

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL, Thierry CORNILLET

Motion for a resolution
Paragraph 3 a (new)

3 a. Emphasizes the potential risks to systemic shocks that could develop as a consequence of an abrupt shift in finance to sustainability; calls for the need to work towards a balanced, stable and gradual transition, that enables stakeholders to orientate themselves towards a higher degree of sustainability; emphasizes that sufficient access to capital plays an essential role in this process;

2018/03/02
Committee: ECON

2018/2007(INI)

Motion for a resolution
Paragraph 5

5. Calls on the Commission to lead a multi-stakeholder process to establish by the end of 2019 a robust and credible ~~green~~sustainable taxonomy, including a ‘~~Green~~Sustainable Finance Mark’, through a legislative initiative;

2018/03/02
Committee: ECON

2018/2007(INI)

Motion for a resolution
Paragraph 6 – introductory part

6. Recommends that this taxonomy ~~include three levels:~~be designed as a ‘meta’ framework onto which existing (and future) definitions that are used in a variety of contexts can be mapped, that provides a high level of granularity, enabling comparability of different standards and products, that is a continuously evolving tool, providing a neutral framework, developed by scientific, technical and financial experts;

2018/03/02
Committee: ECON

2018/2007(INI)

Motion for a resolution
Paragraph 6 – point 1

~~1. a minimum standard aligned with the Paris Agreement and the do-no-harm principle in accordance with ESG risk analysis;~~deleted

2018/03/02
Committee: ECON

2018/2007(INI)

Motion for a resolution
Paragraph 6 – point 2

~~2. an intermediate level identifying activities that are demonstrably achieving a ‘Positive Impact’ as defined by the UNEP FI;~~deleted

2018/03/02
Committee: ECON

2018/2007(INI)

Motion for a resolution
Paragraph 6 – point 3

~~3. a level including activities that can accelerate a positive transformation and support ecological regeneration;~~deleted

2018/03/02
Committee: ECON

2018/2007(INI)

Motion for a resolution
Paragraph 7

7. Welcomes the recent inclusion of sustainability issues in the PRIIPs and STS Regulations, as well as in Shareholders Rights Directive and the NFRD; ~~applaud~~welcomes the inclusion in the IORPs Directive of recognition of stranded assets; asks for the transversal integration of sustainable finance criteria in all relevant legislation related to the financial sector;

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Paragraph 9

9. Emphasises that disclosure is a critical enabling condition for sustainable finance; ~~applaud~~welcomes the work of the Taskforce on Climate-related Financial Disclosure (TCFD) and calls on the Commission and the Council to explicitly endorse its recommendations; urges the Commission to include mandatory disclosure in the framework of the revision of the Accounting Directive and the NFRD;

2018/03/02
Committee: ECON

2018/2007(INI)

Motion for a resolution
Paragraph 11

11. Calls on the European Supervisory Authorities (ESAs) to develop guidelines for model contracts between asset owners and asset managers, which would clearly incorporate the transmission of the beneficiary interest as well as clear expectations as regards the identification and integration of ESG risks on behalf of the asset manager; Calls on the EU institutions to ensure the allocation of sufficient funding to the ESAs to fulfill this task;

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Paragraph 11 a (new)

11 a. Calls on the ESA's to explore the option to develop a sustainability stress test;

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Paragraph 14

14. Notes the urgent need for a uniform standard for green bonds; insists that such green bonds should include periodic reporting on the environmental impacts of the underlying assets; ~~underlines that green bonds should also respect negative criteria and must not include any form of fossil fuel asset, nuclear power or investment in aviation infrastructure~~notes the existence of various methods for investors to establish sustainability criteria;

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Paragraph 16

16. Calls on the Commission to establish a ~~legally binding~~ labelling system for personal bank accounts, investment funds, insurance, and financial products indicating their level of conformity with the Paris Agreement and ESG goals;

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Caroline NAGTEGAAL, Thierry CORNILLET

Motion for a resolution
Paragraph 18

18. Notes that the EIB ~~has a mixed record~~is well on track concerning its commitment to the financing onf climate action~~; insists that the EIB should only agree to future lending that is compatible with a 1.5 °C climate limit;~~, exceeding its overall target of 25% in 20162a; calls on the EIB to continue supporting through its future lending the transition to a low- carbon and climate-resilient economy that is in line with EU policy objectives; _________________ 2aEIB Group 2016 Sustainability Report, 15.06.2017, p. 24.

2018/03/02
Committee: ECON

2018/2007(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL, Thierry CORNILLET

Motion for a resolution
Paragraph 19

19. Calls on the ECB to redesign its purchase programmes in order to rebalance and align its portfolio with an investment policy that is consistent with the Paris Agreement and ESG goals; underlines that such redesign may act as a pilot for establishing a future sustainability taxonomy;deleted

2018/03/02
Committee: ECON

2018/0328(COD)

Proposal for a regulation
Recital 14

(14) Emerging technologies such as artificial intelligence, Internet of Things, high-performance computing (HPC) and quantum computing, blockchain and concepts such as secure digital identities create at the same time new challenges for cybersecurity as well as offer solutions. Assessing and validating the robustness of existing or future ICT systems will require testing security solutions against attacks run on HPC and quantum machines. The Competence Centre, the Network, the European Digital Innovation Hubs and the Cybersecurity Competence Community should help advance and disseminate the latest cybersecurity solutions. At the same time the Competence Centre and the Network should be at the service of developers and operators in critical sectors such as transport, energy, health, financial, government, telecom, manufacturing, defence, and space to help them solve their cybersecurity challenges.

2019/01/17
Committee: ITRE

2018/0328(COD)

Proposal for a regulation
Recital 16 a (new)

(16a) The Competence Centre should provide the appropriate support to ENISA in its tasks defined by Directive (EU) 2016/1148 of the European Parliament and of the Council of 6 July 2016 concerning measures for a high common level of security of network and information systems across the Union (“NIS Directive”) and to the Regulation (EU) 2018/XXX of the European Parliament and of the Council of YYY on ENISA, the “EU Cybersecurity Agency”, and repealing Regulation (EU) 526/2013, and on Information and Communication Technology cybersecurity certification (“Cybersecurity Act”). Therefore, ENISA should provide relevant inputs to the Competence Centre in its task of defining funding priorities.

2019/01/17
Committee: ITRE

2018/0328(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 4 a (new)

(4a) ‘European Digital Innovation Hubs’ means non-for-profit organisations established by [Regulation 2018/XXX of the European Parliament and of the Council establishing the Digital Europe Programme] which act as a one-stop-shop for industry, including SMEs, public organisations and academia in order to stimulate the broad adoption of digital technologies and provide support in the area of advanced digital skills.

2019/01/17
Committee: ITRE

2018/0328(COD)

Proposal for a regulation
Article 3 – paragraph 2

2. The Competence Centre shall undertake its tasks, where appropriate, in collaboration with the Network of National Coordination Centres ~~and a~~, the European Digital Innovation Hubs and the Cybersecurity Competence Community.

2019/01/17
Committee: ITRE

2018/0328(COD)

Lieve WIERINCK, Fredrick FEDERLEY, Carolina PUNSET, Angelika MLINAR

Proposal for a decision
Annex I – part II – point 2 – point 2.2 – point 2.2.4 – paragraph 1

Disasters arise from multiple sources, whether natural or man-made, including those from terrorist attacks, climate-related and other extreme events (including from sea level rises), from forest fires, erosion, landslides, heat waves, floods, earthquakes, tsunamis and volcanic events, from water crises, from space weather events, from industrial and transport disasters, from CBRN events, as well as those from resulting cascading risks. The aim is to prevent and reduce the loss of life, harm to health and the environment, economic and material damage from disasters, ensure food security as well as to improve the understanding and reduction of disaster risks and post-disaster lesson learning.

2018/09/12
Committee: ITRE

Proposal for a decision
Annex I – part II – point 5 – point 5.2 – point 5.2.6 – paragraph 2 – indent 5

– Circularity of the bio-based economy through technological, systemic, social and business model innovation to radically increase the value generated per unit of biological resources, keeping the value of such resources in the economy for longer and supporting the phasing out of non-renewable materials and the principle of the cascading use of sustainable biomass through research and innovation;

2018/09/12
Committee: ITRE

(12) Therefore, to maintain the proper functioning of the internal market, to further improve the conditions of its functioning, and to ensure a high level of consumer and investor protection, it is appropriate to adapt Regulation (EU) 2016/1011 to lay down a regulatory framework for harmonised low carbon or climate transition benchmarks at Union level. To offer climate transition or negative carbon benchmark is left to the discretion of the benchmark providers and shall not impede their ability to produce other benchmarks that measure or take into consideration the carbon footprint.

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Recital 13

(13) It is furthermore necessary to introduce a clear distinction between ~~low- carb~~climate transition and ~~posi~~negative carbon impact benchmarks. While the underlying assets in a low-carbon benchmark should be selected with the aim of reducing ~~carbon~~greenhouse gas emissions of the index portfolio when compared to the parent index, a ~~posi~~negative carbon impact index should only comprise components whose emissions savings exceed their carbon emissions.

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Recital 14

(14) Each company whose assets are selected as underlying in a ~~posi~~negative impact benchmark should save more carbon emissions than it produces, hence have a positive impact on the environment. The asset and portfolio managers who claim to pursue an investment strategy compatible with the Paris Climate Agreement should therefore use ~~posi~~negative carbon impact benchmarks.

2018/10/29
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 1

Regulation (EU) 2016/1011
Article 3 – paragraph 1 – point 23 a (new)

(23a) ‘~~low-carb~~Climate transition benchmark’ means a benchmark where the underlying assets, for the purposes of point 1(b)(ii) of this paragraph, are selected so that the resulting benchmark portfolio has ~~less carbon~~ greenhouse gas emissions when compared to the assets that comprise a standard capital-weighted benchmark and which is constructed in accordance with the standards laid down in the delegated acts referred to in Article 19a(2); ~~(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R1011&from=EN)~~Or. en

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1

Regulation (EU) 2016/1011
Article 3 – paragraph 1 – point 23 b (new)

(23b) ‘~~posi~~negative carbon impact benchmark’ means a benchmark where the underlying assets, for the purposes of point 1(b)(ii) of this paragraph, are selected on the basis that their carbon emissions savings exceed the asset's carbon footprint and which is constructed in accordance with the standards laid down in the delegated acts referred to in Article 19a(2).; ~~(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R1011&from=EN)~~Or. en

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3

Regulation (EU) 2016/1011
Title III – Chapter 3 a (new) – title

~~Low-carb~~Climate transition and ~~posi~~negative carbon impact benchmarks ~~(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R1011&from=EN)~~Or. en

Proposal for a regulation
Annex I – subheading 1

~~Low-carb~~Climate transition and ~~posi~~negative carbon impact benchmarks

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – subheading 2

Methodology for ~~low carb~~climate transition benchmarks

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – introductory part

1. The administrator of a ~~low-carb~~climate transition benchmark shall formalise, document and make public any methodology used for the calculation of ~~low carb~~climate transition benchmarks, describing the following:

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point a

~~(a) the list of the underlying assets that are used for calculating the low carbon benchmark;~~deleted

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point c

(c) the criteria applied to exclude assets or companies that are associated with a level of carbon footprint or a level of fossil reserves that are incompatible with inclusion in the ~~low carb~~climate transition benchmark;

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point d

(d) the criteria for and the methods of how the ~~low carb~~climate transition benchmark measures the carbon footprint and carbon savings associated with the underlying assets in the index portfolio;

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point e

(e) the tracking error between the ~~low carb~~climate transition benchmark and the parent index;

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point f

(f) the positive reweighting of low- carbon assets ~~in the low carb~~and low greenhouse gas assets in the climate transition benchmark versus the parent index and the explanation of why this reweighting is necessary to reflect the chosen objectives of the ~~low carb~~climate transition benchmark;

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point g

(g) the ratio between the market value of the securities that are in the ~~low carb~~climate transition benchmark and the market value of the securities in the parent index;

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point h – introductory part

(h) the type and source of input data used for the selection of assets or companies eligible for the ~~low carb~~climate transition benchmark, including:

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point h – point iv

~~(iv) emissions which would continue to exist if the company's products or services would be replaced by more carbon emitting substitutes ('emission savings');~~deleted

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point i

(i) the total carbon-footprint exposure of the index portfolio and the estimated impacts on climate-change mitigation of the ~~low carb~~climate transition strategy pursued by the benchmark;

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – subheading 3

Methodology for ~~posi~~negative carbon impact benchmarks

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 2

2. The administrator of a ~~posi~~negative carbon impact benchmark, in addition to the obligations applicable to the administrator of a ~~low carb~~climate transition benchmark, shall disclose the ~~posi~~negative carbon impact ~~of each underlying asset included in the benchmark~~at the level of the portfolio and shall specify the formula or calculation that is used to determine whether the emission savings exceed the investment asset's or company's carbon footprint ('~~posi~~negative carbon impact ratio').

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 2 a (new)

2a. The administrator of a negative carbon benchmark shall document and make public any methodology used for the calculation of emissions which would continue to exist if the company's products or services would be replaced by more carbon emitting substitutes ('emission savings') and the corresponding amount of emissions savings;

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 3 – introductory part

3. Administrators of ~~low-carb~~climate transition and ~~posi~~negative carbon impact benchmarks shall adopt and make public to users procedures for and the rationale of any proposed material change in their methodology. Those procedures shall be consistent with the overriding objective that benchmark calculations adhere continuously to the low greenhouse gas, low-carbon or ~~posi~~negative carbon impact objectives. Those procedures shall provide:

2018/10/29
Committee: ECON

2018/0180(COD)

Proposal for a regulation
Annex I – point 4

4. Administrators of ~~low-carbon and 4. posi~~climate transition and negative carbon impact benchmarks shall regularly examine their methodologies to ensure that they reliably reflect the relevant low greenhouse gas, low-carbon or ~~posi~~negative carbon objectives and shall have a process in place for taking the views of relevant users into account.”.

2018/10/29
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Recital 8

(8) To enhance transparency and inform end-investors, access to information on how sustainability risks are integrated by financial market participants in the investment decision making processes, including organisational, risk management and governance aspects, and by financial advisors in advisory processes should be regulated by requiring those entities to maintain that information on their websites.

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point o – point i

(i) investments in an economic activity that contributes to an environmental objective, including an environmentally sustainable investment as defined in Article 2 of [PO: Please insert reference to Regulation on the establishment of a framework to facilitate sustainable investment], that promote or support good governance practices as defined in Article 2(o)(iii), and that do not significantly harm any other environmental or social objective;

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point o – point ii

(ii) investments in an economic activity that contributes to a social objective, and in particular an investment that contributes to tackling inequality, an investment fostering social cohesion, social integration and labour relations, or an investment in human capital or economically or socially disadvantaged communities, that promote or support good governance practices as defined in Article 2(o)(iii), and that do not significantly harm any other environmental or social objective;

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point o – point iii

(iii) investments that promote or support good governance practices in companies following good governance practices in companies, and in particular ~~companies with~~promoting sound management structures, employee relations, remuneration of relevant staff and tax compliance, and that do not significantly harm any other environmental or social objective;

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point s a (new)

(sa) 'sustainability risks' means environmental, social and governance risks in the investment decision or advisory processes as part of duties towards policy-holders, customers and/or beneficiaries1a. _________________ 1a FISMA C4 SG/acg(2018)4365900, p.3

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 3 – paragraph 1

1. Financial market participants shall publish written policies on the integration of sustainability risks in the investment decision-making process on their websites., where applicable, including the integration of sustainability risks into:

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point i (new)

(i) Organisational requirements of firms, including risk management and governance;

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point ii (new)

(ii) Operating conditions, in particular investment strategy and asset allocation; and

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point iii (new)

(iii) Risk management.

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 4 – paragraph 1 – introductory part

1. FWith respect to each relevant financial product, financial market participants shall include descriptions of the following in pre- contractual disclosures with respect to that particular financial service:

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point a

(a) the procedures and conditions applied for integrating sustainability risks in the investment's decisions-making process for that particular product and how they are applied;

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point c

(c) how the remuneration policies of financial market participants are consistent with the integration of sustainability risks and are in line, where relevant, with the sustainable investment target of theat particular financial product.

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 5 – paragraph 1 – introductory part

1. Where a financial product is marketed as sustainable, has as its target sustainable investments or investments with similar characteristics, and an index has been designated as a reference benchmark, the information to be disclosed pursuant to Article 4(1) shall be accompanied by the following:

2018/09/18
Committee: ECON

2018/0179(COD)

Proposal for a regulation
Article 5 – paragraph 3 – subparagraph 1

Where a financial product has as its target the reduction in carbon emissions in accordance with Regulation (EU) 2016/1011, the information to be disclosed pursuant to Article 4(1) shall include the targeted low carbon emission exposure.

2018/09/18
Committee: ECON

2018/0179(COD)

Lieve WIERINCK, Thierry CORNILLET, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 1 – point a

(a) a description of the sustainable investment target; or an explanation on how the product that is marketed as sustainable is compliant with Article 2 of [PO: Please insert reference to Regulation on the establishment of a framework to facilitate sustainable investment];

2018/09/18
Committee: ECON

2018/0178(COD)

Proposal for a regulation
Recital 13

(13) A Union classification of environmentally sustainable economic activities should enable the development of future Union policies and strategies, including Union- wide standards for environmentally sustainable financial products and eventually the establishment of labels that formally recognise compliance with those standards across the Union. Uniform legal requirements for considering investments as environmentally sustainable investments, based on uniform criteria for environmentally sustainable economic activities, are necessary as a reference for future Union legislation aiming at enabling those investments.

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Recital 26 a (new)

(26 a) In defining the technical screening criteria, the Commission should also take into account transitional measures towards activities that support the transition to a more sustainable, low- carbon economy.

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 1 – paragraph 2 – point a

(a) measures adopted by Member States or by the Union setting out any requirements on ~~market actor~~financial market participants in respect of financial products or corporate bonds that are marketed as environmentally sustainable.

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 1 – paragraph 2 – point b a (new)

(b a) The criteria mentioned in Article 1 (1) may be used for the purpose mentioned in that paragraph by financial services providers that are not addressed by Article 1 (2) on a voluntary basis, and with respect to other financial products than those established in Article 2, paragraph 1 point (c).

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Fredrick FEDERLEY, Caroline NAGTEGAAL

Proposal for a regulation
Article 1 – paragraph 2 – point b b (new)

(b b) financial market participants that use the taxonomy to define whether a financial product or service and/or investments is unsustainable. The use of the taxonomy to define whether a financial product or service and/ or investments is unsustainable shall be optional. Disclosure requirements, as defined under Article 4, paragraph 2, of this Regulation shall also be optional.

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 2 – paragraph 1 – point d

(d) 'climate change mitigation' means the process of holding the increase in the global average temperature to well below 2 °C above pre-industrial levels and limiting the temperature increase to 1.5 °C above pre-industrial levels, including to make the transition to achieve these targets;

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 3 – paragraph 1 – point a

(a) the economic activity contributes or will contribute substantially to one or more of the environmental objectives set out in Article 5 in accordance with Articles 6 to 11;

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 4 – paragraph 2 b (new)

2 b. No disclosure requirements that are required under the [Commission proposal for a Regulation on disclosures relating to sustainable investments and sustainability risks and amending Directive (EU) 2016/2341] shall be required in this Regulation;

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 4 – paragraph 2 a (new)

2 a. The Commission shall immediately notify the Platform on Sustainable Finance of the request addressed by financial market participants.

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 6 – paragraph 1 – point a

(a) generating, storing, distributing or using renewable energy or climate-neutral energy (including carbon-neutral energy), including through using innovative technology with a potential for significant future savings or through necessary reinforcement of the grid;

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Fredrick FEDERLEY

Proposal for a regulation
Article 9 – paragraph 1 – point d

(d) reducing the content of hazardous substances in materials and products, in accordance with the provisions laid down by EU legislation ensuring safe management of substances, materials and products;

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 12 – paragraph 1 – introductory part

For the purposes of Article 3(b), taking into account its full life-cycle, in as far as relevant information is available, an economic activity shall be considered as significantly harming:

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Fredrick FEDERLEY, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 14 – paragraph 1 – point f

(f) take into account the environmental impacts of the economic activity itself, as well as of the products and services provided by that economic activity, throughout their lifecycle, in as far as relevant information is available, notably by considering their production, use and end-of-life;

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Fredrick FEDERLEY, Caroline NAGTEGAAL

Proposal for a regulation
Article 14 – paragraph 1 – point h a (new)

(h a) take into account if an activity is in transition to a more sustainable and/ or low-carbon configuration and/ or operation, through research and innovation projects, specific timelines and pathways of this transition;

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Fredrick FEDERLEY, Caroline NAGTEGAAL

Proposal for a regulation
Article 14 – paragraph 1 – point j a (new)

(j a) be sector specific, where possible.

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Caroline NAGTEGAAL

Proposal for a regulation
Article 15 – paragraph 1 – point b

(b) ~~experts representing relevant private stakeholders;~~and, in balanced proportions:

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Caroline NAGTEGAAL

Proposal for a regulation
Article 15 – paragraph 1 – point b – point i (new)

i) experts representing relevant private stakeholders including non- financial companies; and

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Caroline NAGTEGAAL

Proposal for a regulation
Article 15 – paragraph 1 – point b – point ii (new)

ii) experts appointed in a personal capacity, with proven knowledge and experience in the areas covered by this Regulation.

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Caroline NAGTEGAAL

Proposal for a regulation
Article 15 – paragraph 1 – point b – point iii (new)

iii) prior to appointment by the Commission of candidates that do not represent one of the Union's agencies or institutions in the platform, final consent by European Parliament, on the list as a whole, shall be required.

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Caroline NAGTEGAAL

Proposal for a regulation
Article 15 – paragraph 2 – subparagraph 1 (new)

Within 6 months following the request mentioned in Article 4(2), the Platform shall make public the conclusion of its analysis regarding requests from stakeholders to develop or revise technical screening criteria for a given economic activity. To fulfil its role in assisting and advising the Commission, the Platform shall carry out public consultations to gather views from all concerned stakeholders.

2018/12/17
Committee: ECON ENVI

2018/0178(COD)

Lieve WIERINCK, Thierry CORNILLET, Fredrick FEDERLEY, Caroline NAGTEGAAL

Proposal for a regulation
Article 18 – paragraph 2 a (new)

2 a. This Regulation shall respect the principle of non-retroactivity and shall not apply to contracts concluded before date of entry into force of this Regulation, as established under paragraph 1 of this Article.

2018/12/17
Committee: ECON ENVI

2018/0172(COD)

Proposal for a directive
Recital 3

(3) Marine litter is of a transboundary nature and is recognized as a global problem. Successful prevention and management of plastic waste is most effective through international cooperation and when using a scientific, evidence-based approach. Reducing marine litter is a key action for the achievement of United Nations Sustainable Development Goal 14 which calls to conserve and sustainably use the oceans, seas and marine resources for sustainable development.36 The Union must play its part in tackling marine litter and aim to be a standard setter for the world. In this context, the Union is working with partners in many international fora such as G20, G7 and United Nations to promote concerted action. This initiative is part of the Union efforts in this regard. _________________ 36 The 2030 Agenda for Sustainable Development adopted by the United Nations General Assembly on 25 September 2015.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Recital 3

(3) Marine litter is of a transboundary nature and is recognized as a global problem. Reducing marine litter is a key action for the achievement of United Nations Sustainable Development Goal 14 which calls to conserve and sustainably use the oceans, seas and marine resources for sustainable development.36 The Union must play its part in tackling marine litter and aim to be a standard setter for the world. In this context, the Union ~~is working~~should enforce its collaboration with partners in many international fora such as G20, G7 and United Nations to promote concerted action. This initiative is part of the Union efforts ~~in this regard~~to reduce waste for a sustainable and circular economy. _________________ 36 The 2030 Agenda for Sustainable Development adopted by the United Nations General Assembly on 25 September 2015.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Recital 14

(14) Certain single-use plastic products end up in the environment as a result of inappropriate disposal through sewers or other inappropriate release into the environment. Therefore, single-use plastic products that are frequently disposed of through sewers otherwise inappropriately disposed of should be subject to marking requirements. The marking should inform consumers about appropriate waste disposal options and/or waste disposal options to be avoided and/or about the negative environmental impacts of litter as a result of inappropriate disposal. The Commission should be empowered to establish a harmonised format for the marking and when doing so should, where appropriate, test the perception of the proposed marking with representative groups of consumers to ensure that it is effective and clearly understandable, while taking into account existing sectorial voluntary agreements that were adopted for this purpose.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Recital 15 a (new)

(15 a) A uniform implementation of extended producer responsibility measures shall be ensured, in order to avoid distortions of competition in the internal market.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Recital 15 b (new)

(15 b) Economic incentives can influence consumer choice, encourage or discourage specific consumer habits and can thus be used as an effective upstream tool for reducing the impact of certain plastics on the environment.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Recital 22

(22) Pursuant to paragraph 22 of the Interinstitutional Agreement between the European Parliament, the Council of the European Union and the European Commission on Better Law-Making of 13 April 201648 , the Commission should carry out an evaluation of this Directive. That evaluation should be based on experience gathered and data collected during the implementation of this Directive and data collected under Directive 2008/56/EC or Directive 2008/98/EC. The evaluation should provide the basis for an assessment of possible further measures and an assessment whether, in view of monitoring of marine litter in the Union, the Annex listing single-use plastic products needs to be reviewed. The evaluation should also consider whether scientific and technical progress that has taken place in the meantime, including the development of biodegradable materials and the development of criteria or a standard for biodegradability of plastics in the marine environment, as foreseen in the European Plastics Strategy, allows the setting of a standard for biodegradation of certain single-use plastic products in the marine environment. That standard would include a standard to test if, as a result of physical and biological decomposition in the marine environment, plastics would fully decompose into carbon dioxide (CO2), biomass and water within a timescale short enough for the plastics not to be harmful for marine life and not lead to an accumulation of plastics in the environment. If that is the case, single-use plastic products that meet such a standard could be exempted from the prohibition on placing on the market. While the European Strategy for Plastics already envisages action in this area, it also recognises the challenges in relation to determining a regulatory framework for plastics with biodegradable properties due to different marine conditions across seas. Furthermore, the assessment shall evaluate the impact of the additional administrative burden and compliance costs, on sectors most affected by this Directive, with a specific focus on SME's. _________________ 48 OJ L 123, 12.5.2016, p. 1.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Article 1 – paragraph 1

The objective of this Directive is to strengthen the Union's leading role in preventing and reduceing the impact of certain plastic products on the environment, in particular the aquatic environment, and on human health as well as to promote the transition to a circular economy with innovative business models, products and materials, thus also contributing to the efficient functioning of the internal market.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Article 4 – paragraph 1 – subparagraph 1

Member States shall take the necessary measures to achieve a significant reduction in the consumption of the single-use plastic products listed in Part A of the Annex on their territory by … [~~six~~four years after the end-date for transposition of this Directive].

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Article 4 – paragraph 1 – subparagraph 2

Those measures may include national consumption reduction targets, measures ensuring that reusable and recyclable alternatives to those products are made available at the point of sale to the final consumer, economic instruments, providing for economic incentives or disincentives, such as ensuring that single- use plastic products are not provided free of charge at the point of sale to the final consumer. Those measures may vary depending on the environmental impact of the products referred to in the first subparagraph.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Article 4 – paragraph 2

2. The Commission ~~may~~shall adopt an implementing act laying down the methodology for the calculation and verification of the significant reduction in the consumption of the single-use plastic products referred to in paragraph 1. That implementing act shall be adopted in accordance with the examination procedure referred to in Article 16(2).

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Article 8 – paragraph 4 a (new)

4 a. The Commission shall publish guidelines on the implementation of any measures, including the distribution of costs, regarding the extended producer responsibility, in accordance with this Article.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Article 8 – paragraph 4 b (new)

4 b. The competent authority shall ensure that the costs on the producers related to the extended producer responsibility shall be proportionate and communicated to those entities affected, on a regular basis and in an accessible, transparent manner.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Article 9 – paragraph 1 – point b

(b) establish separate collection targets for relevant extended producer responsibility schemes., or

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Article 9 – paragraph 1 – point b a (new)

(b a) establish any proven garbage collection system that they consider will achieve the targets.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Article 15 – paragraph 1

1. The Commission shall carry out an evaluation of this Directive by … [~~six~~five years after the end-date for transposition of this Directive]. The evaluation shall be based on the information available in accordance with Article 13. Member States shall provide the Commission with any additional information necessary for the purposes of the evaluation and the preparation of the report referred to in paragraph 2.

2018/09/06
Committee: ECON

2018/0172(COD)

Proposal for a directive
Article 15 – paragraph 3 – point c a (new)

(c a) the economic impact on the sectors affected is proportionate and in line with projections;

2018/09/06
Committee: ECON

2018/0172(COD)

Lieve WIERINCK, Angelika MLINAR

Proposal for a directive
Article 15 – paragraph 3 – point c b (new)

(c b) the implementation of this Directive has in any way negatively impacted the competitiveness of the sectors that are most affected by this proposal, compared to their non-EU based competitors.

2018/09/06
Committee: ECON

2018/0166R(APP)

Draft opinion
Paragraph 3

3. Reiterates Parliament’s call for an increased overall budget of at least EUR 120 billion for Horizon Europe; welcomes the possibility of transferring financial allocations for programmes from one fund to another introduced by the Common Provisions Regulation; ~~believes that appropriate conditions and mechanisms for such transfers should be further elaborated to ensure compatibility with the structural funds;~~

2018/09/17
Committee: ITRE

2018/0166R(APP)

Lieve WIERINCK, Angelika MLINAR, Caroline NAGTEGAAL

Draft opinion
Paragraph 3 a (new)

3a. Considering the level of ambition in particular to make Horizon Europe more flexible, believes that the spending priorities of each programme should be determined in the legislation of the Framework Programme, not in the agreement on the MFF;

2018/09/17
Committee: ITRE

2018/0166R(APP)

Lieve WIERINCK, Angelika MLINAR, Caroline NAGTEGAAL

Draft opinion
Paragraph 3 b (new)

3b. Believes that synergies with other Union funding programmes shall be encouraged and exploited to a maximum while seeking maximal administrative simplification; notes that synergies between the programmes will allow for economies of scale, make investments more consistent and provide better value;

2018/09/17
Committee: ITRE

2018/0166R(APP)

Lieve WIERINCK, Angelika MLINAR, Caroline NAGTEGAAL

Draft opinion
Paragraph 3 c (new)

3c. Appropriate mechanisms of coordination between relevant authorities and appropriate monitoring tools shall be established to systematically ensure synergies between the Programme and any relevant EU funding instruments;

2018/09/17
Committee: ITRE

2018/0166R(APP)

Lieve WIERINCK, Angelika MLINAR, Caroline NAGTEGAAL

Draft opinion
Paragraph 5

5. ~~Welcom~~Notes the amount allocated to the energy and digital components of the Connecting Europe Facility (CEF); believes that CEF should be more ambitious on the issue of synergies, as indicated in its mid-term review;

2018/09/17
Committee: ITRE

2018/0166R(APP)

Lieve WIERINCK, Angelika MLINAR, Caroline NAGTEGAAL

Draft opinion
Paragraph 5 a (new)

5a. Welcomes the Digital Europe programme that will build EU's digital capacities especially for Artificial Intelligence, Cybersecurity and High Performance Computing while strengthening the digital transformation of the economy and society by supporting digital skills; Underlines the importance of this new programme and therefore strongly supports the 9.2 billion overall budget;

2018/09/17
Committee: ITRE

2018/0166R(APP)

Lieve WIERINCK, Angelika MLINAR, Caroline NAGTEGAAL

Draft opinion
Paragraph 6

6. Believes that in the energy sector, emphasis should be placed on energy security ~~and a functioning single market~~, the cross-infrastructure for renewable energy, consumer empowerment, and a functioning single energy market with more cross-border trade and cooperation; considers it essential to reach the 15 % interconnectivity target by 2030;

2018/09/17
Committee: ITRE

2018/0166R(APP)

Lieve WIERINCK, Angelika MLINAR, Caroline NAGTEGAAL

Draft opinion
Paragraph 6 a (new)

6a. Notes the amount allocated to the Space Programme and underlines that it is essential to ensure its smooth continuation and further development which stimulate growth and innovation in both upstream and downstream economic sectors;

2018/09/17
Committee: ITRE

2018/0166R(APP)

Lieve WIERINCK, Angelika MLINAR, Caroline NAGTEGAAL

Draft opinion
Paragraph 7

7. Regrets that its call for the creation of an energy transition fund for coal-intensive regions under the new multiannual financial framework (MFF) was not reflected in the new MFF proposal; reiterates its appeal for additional funds to be provided exclusively to support energy transition in these regions;deleted

2018/09/17
Committee: ITRE

2018/0165(COD)

Ramon TREMOSA i BALCELLS, Petr JEŽEK, Lieve WIERINCK, Thierry CORNILLET

Proposal for a regulation
Recital 4 a (new)

(4a) It is relevant to acknowledge the inclusion in Regulation (EU) 2017/1129[1] of the EU Growth Prospectus, which applies to SMEs that issue capital on the markets. The EU Growth Prospectus is a condensed form of the full Prospectus, which includes essential information and documentation. The EU Growth Prospectus is shorter and therefore cheaper to produce, reducing costs for SMEs. SMEs may choose to use the EU Growth Prospectus. Moreover, in offers of securities up to EUR20 million any issuer may also choose to use the EU Growth Prospectus unless they are going for admission to trading to a regulated market. This covers issuers whose public offers might be admitted to trading on an SME Growth Market, as well as issuers that make public offers that will not be traded on an exchange. Alternatively, issuers may choose to draw up full Prospectus under the Regulation. [1] Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC Text with EEA relevance

2018/10/11
Committee: ECON

2018/0165(COD)

Ramon TREMOSA i BALCELLS, Petr JEŽEK, Lieve WIERINCK, Thierry CORNILLET

Proposal for a regulation
Recital 7 a (new)

(7a) The use of SME growth markets should be actively promoted. Many SMEs are still not aware of the existence of this new category trading venue. To solve this situation, the Commission, in close cooperation with the competent national authorities and organisations representing SMEs should conduct awareness-raising campaigns to inform the SMEs about the possibilities that the SMEs growth markets offer.

2018/10/11
Committee: ECON

2018/0165(COD)

Ramon TREMOSA i BALCELLS, Petr JEŽEK, Lieve WIERINCK, Thierry CORNILLET

Proposal for a regulation
Article 2 a (new)

Article 2a Review clause of the MiFID II/MiFIR framework The Commission shall, by 31 December 2020 at the latest, draw up a report in cooperation with ESMA on the impact of the requirements of Regulation (EU) 600/2014 of the European Parliament and of the Council 1 a and Directive 2014/65/EU on the financing and access to the financial markets of SMEs, and shall submit this report to the European Parliament and the Council together with a legislative proposal, where appropriate. The report shall, inter alia, look at whether or not the ownership of SMEs’ shares and bonds on the secondary market constitutes an obstacle for the SMEs accessing public markets, and where appropriate, to submit proposals to strengthen transparency and confidence. 1a Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (OJ L 173, 12.6.2014, p. 84)

2018/10/11
Committee: ECON

2018/0135(CNS)

Proposal for a decision
Recital 1 a (new)

(1 a) The materialisation of Brexit will have a considerable, negative impact on the Union budget. In order to continue to fulfil the Union's obligations towards its citizens and to protect Union citizens and Member States from the potential fall-out, it is a matter of urgency to allocate new Own Resources to the Union.

2018/09/05
Committee: ECON

2018/0135(CNS)

Proposal for a decision
Recital 7 a (new)

(7 a) Article 33.1.(b) of the Protocol on the statute of the European system of Central Banks and of the European Central Banks should be amended so that a percentage of the ECB net profit above the20% threshold, that is distributed to the shareholders of the ECB, becomes an Own Resource. The change in the ECB Statutes shall in no manner affect the political independence of the ECB, which is imperative, or the way the Governing Council determines the amount to be set aside for the general reserve fund in Article 33.1.(a).

2018/09/05
Committee: ECON

2018/0135(CNS)

Proposal for a decision
Recital 7 b (new)

(7 b) Own Resources that are derived from the ECB monetary policy shall be allocated to a Eurozone budget, or a fund or a budget line created for that purpose.

2018/09/05
Committee: ECON

2018/0135(CNS)

Proposal for a decision
Article 3 – paragraph 1

1. The total amount of Own Resources allocated to the Union to cover annual appropriations for payments shall not exceed the sum of: 1,29 % of the sum of all the Member States' Gross National Incomes plus the Member States' contribution to the EU budget.

2018/09/05
Committee: ECON

2018/0135(CNS)

Proposal for a decision
Article 3 – paragraph 1 – subparagraph 1 (new)

When the total amount of Own Resources is higher than 1,29 % of the sum of all the Member States' Gross National Incomes, the amount above this ceiling will be considered an Own Resource and will be deducted from Member State GNI payments to the EU budget.

2018/09/05
Committee: ECON

2018/0135(CNS)

Proposal for a decision
Article 3 – paragraph 2

2. The total annual amount of appropriations for commitments entered in the Union's budget shall not exceed the sum of 1,35 % of the sum of all the Member States' Gross National Incomes plus the Member States' contribution to the EU budget.

2018/09/05
Committee: ECON

2018/0135(CNS)

Proposal for a decision
Article 3 – paragraph 2 – subparagraph 1 (new)

When the total amount of Own Resources is higher than 1,35 % of the sum of all the Member States' Gross National Incomes, the amount above this ceiling will be considered an Own Resource and will be deducted from Member State GNI commitments to the EU budget.

2018/09/05
Committee: ECON

2018/0135(CNS)

Lieve WIERINCK, Pavel TELIČKA

Proposal for a decision
Article 6 – paragraph 2

2. Member States shall retain, by way of collection costs, 120 % of the amounts referred to in Article 2(1)(a).

2018/09/05
Committee: ECON

Proposal for a regulation
Article 27 – paragraph 2 – point 1 (new)

(1) 3.Common rules on Data a) The Commission shall be empowered to adopt delegated acts in accordance with Article 31 concerning data collection, interoperability of data and the comparability of data. b) The confidential handling of data shall be safeguarded at all times

2018/05/25
Committee: ITRE

2018/0006(CNS)

Caroline NAGTEGAAL, Thierry CORNILLET, Lieve WIERINCK

Proposal for a directive
Article 1 – paragraph 1 – point 12

Directive 2006/112/EC
Article 284 – paragraph 1 – subparagraph 2

Member States may fix varying thresholds for different business sectors based on objective criteria. However, those thresholds shall be no higher than EUR 850 000 or the equivalent in national currency.

2018/06/06
Committee: ECON

2018/0006(CNS)

Caroline NAGTEGAAL, Thierry CORNILLET, Lieve WIERINCK

Proposal for a directive
Article 1 – paragraph 1 – point 18

Directive 2006/112/EC
Article 294e – paragraph 1

Member States ~~may~~shall release exempt small enterprises from the obligation to submit a VAT return laid down in Article 250, notwithstanding the right of an exempted small enterprise to submit a VAT return.

2018/06/06
Committee: ECON

2018/0006(CNS)

Caroline NAGTEGAAL, Thierry CORNILLET, Lieve WIERINCK, Enrique CALVET CHAMBON

Lieve WIERINCK, Fredrick FEDERLEY, Dominique RIQUET

5b. Urges to scale up and combine the numerous international programmes on EU and international level in order to facilitate and support the programmes of European Antimicrobial Resistance Network (EARS-Net), European Surveillance of Antimicrobial Consumption Network (ESAC-Net), Central Asian and Eastern European Surveillance of Antimicrobial Resistance (CAESAR), Joint Interagency Antimicrobial Consumption and Resistance Analysis (JIACRA), ), Institutional Programme for the Prevention and Control of Healthcare Associated Infections and Appropriate Use of Antimicrobials (PIRASAO), WHO Antimicrobial Medicines Consumption Network (AMC), European & Developing Countries Clinical Trials Partnership(EDCTP) and Poverty Related and Neglected Diseases (PRND)1a; _________________ 1a Damage done by Poverty Related and Neglected Diseases within the EU in the year 2015: almost 10.000 Deaths in the EU, 30.000 new HIV infections, mosquito transmitting dengue and chikungunya reported in many parts of Europe. Cf. Global Burden of Disease Results Tool, WHO and European Centre for Disease Prevention and Control.

2018/01/18
Committee: ITRE

2017/2254(INI)

Fredrick FEDERLEY, Frédérique RIES, Gerben-Jan GERBRANDY, Ulrike MÜLLER, Lieve WIERINCK, Jan HUITEMA, Anneli JÄÄTTEENMÄKI, Nils TORVALDS

Motion for a resolution
Paragraph 2

2. Stresses that the ~~appropriate~~correct and prudent use of antimicrobials is essential to limiting the emergence of AMR in human healthcare, animal husbandry and aquaculture; stresses that there are considerable differences in the way Member States handle and address AMR; ~~calls on the Commission to consider mandatory routine collection and submission of monitoring data at EU level and to establish indictors to measure progress in the fight against AMR;~~

2018/03/07
Committee: ENVI

2017/2254(INI)

Fredrick FEDERLEY, Pavel POC, Frédérique RIES, Gerben-Jan GERBRANDY, Ulrike MÜLLER, Lieve WIERINCK, Jan HUITEMA, Anneli JÄÄTTEENMÄKI, Nils TORVALDS

Motion for a resolution
Paragraph 11 a (new)

11 a. Calls on the Commission to take firm action against the illegal sale of antimicrobial products in the EU;

2018/03/07
Committee: ENVI

2017/2254(INI)

Fredrick FEDERLEY, Frédérique RIES, Gerben-Jan GERBRANDY, Lieve WIERINCK, Jan HUITEMA, Anneli JÄÄTTEENMÄKI

Motion for a resolution
Paragraph 12

12. Highlights the value of vaccines, probiotics and prebiotics in combating AMR; recommends integration of targets for life-long vaccination as a key element of national action plans on AMR;

2018/03/07
Committee: ENVI

2017/2254(INI)

Fredrick FEDERLEY, Pavel POC, Lieve WIERINCK, Anneli JÄÄTTEENMÄKI

Motion for a resolution
Paragraph 14 a (new)

14 a. Calls on the Commission to consider criteria for combatting AMR in the next review of directive 2014/24/EU on public procurement;

2018/03/07
Committee: ENVI

2017/2254(INI)

Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Paragraph 16

16. Welcomes recent research projects into bacteriophage therapy, such as the EU-funded Phagoburn project; notes that no bacteriophage therapies have been authorised at EU level so far; calls on the Commission to propose a legislative framework for bacteriophage therapy;deleted

2018/03/07
Committee: ENVI

2017/2254(INI)

Françoise GROSSETÊTE, Lieve WIERINCK

Motion for a resolution
Paragraph 21

21. Calls on the Commission and the Member States to support the implementation of new economic models, pilot projects and various push and pull incentives to boost the development of new diagnostics, antibiotics, alternatives and vaccines;

2018/03/07
Committee: ENVI

2017/2254(INI)

Fredrick FEDERLEY, Pavel POC, Frédérique RIES, Gerben-Jan GERBRANDY, Ulrike MÜLLER, Lieve WIERINCK, Anneli JÄÄTTEENMÄKI

Motion for a resolution
Paragraph 22

22. Notes th~~e hesitant approach of the industry to develop ‘last-line’ antibiotics against bacteria that are resistant to all other antibiotics owing to expected low profitability~~at the business model for developing medicines is not suitable for antibiotic development since resistance can evolve over time and because they are meant to be used as a last resort; calls for incentives for this research and definition of the regulatory pathway;

2018/03/07
Committee: ENVI

2017/2254(INI)

Françoise GROSSETÊTE, Lieve WIERINCK

Motion for a resolution
Paragraph 22

22. Notes the ~~hesitant approach of~~various challenges faced by the industry to develop ‘last-line’ antibiotics against bacteria that are resistant to all other antibiotics owing to ~~expected low profitability~~a lack of business-case; calls for incentives for this research and definition of the regulatory pathway;

2018/03/07
Committee: ENVI

2017/2254(INI)

Françoise GROSSETÊTE, Lieve WIERINCK

Motion for a resolution
Paragraph 23

23. Calls on the Commission and Member States to develop new incentive models that delink payment from prescribing volume and are sustainable over the long-term, stimulate investment across the entire product development and life-cycle, target key public health priorities, and support appropriate medicinal use;

2018/03/07
Committee: ENVI

2017/2254(INI)

Fredrick FEDERLEY, Frédérique RIES, Gerben-Jan GERBRANDY, Ulrike MÜLLER, Lieve WIERINCK, Jan HUITEMA, Anneli JÄÄTTEENMÄKI

Motion for a resolution
Paragraph 23

23. Calls on the Commission and Member States to work together with the industry to develop new incentive models that delink payment from prescribing volume;

2018/03/07
Committee: ENVI

2017/2254(INI)

Françoise GROSSETÊTE, Lieve WIERINCK, Peter LIESE

Motion for a resolution
Paragraph 23 a (new)

23 a. Calls for the use of transferable market exclusivities or market entry rewards to be considered as options for sustainable incentives;

2018/03/07
Committee: ENVI

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Thierry CORNILLET

Motion for a resolution
Citation 15 a (new)

- having regard to the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Thierry CORNILLET

Motion for a resolution
Recital B b (new)

B b. whereas the size of government debt can be affected both by contingent and implicit liabilities;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Thierry CORNILLET

Motion for a resolution
Paragraph 1

1. Takes note of the publication of the 2018 Annual Growth Survey (AGS) package and the proposed policy mix of investment, structural reform and fiscal consolidation, presented as a way to further promote higher growth levels and to strengthen European recovery and upward convergence; is optimistic that if Member States accelerate the implementation of structural reforms to modernise their economies and sustain sound public finances the objectives of increased growth and job creation can be achieved;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Thierry CORNILLET

Motion for a resolution
Paragraph 2

2. Highlights, however, the persistent structural problem of insufficient growth of potential output and productivity, flanked by too low a level of investments and wages~~, leading to persistent social inequalities~~ in some Member States; is concerned that the EU will embark on a path of low growth for a long time if it does not tackle the structural problems in the internal market;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Thierry CORNILLET

Motion for a resolution
Paragraph 3

3. Stresses the importance of a wage increase at European level in order to boost private consumption as the main support for growth; points out the need to focus on the interaction between monetary, fiscal and incomes (including wage and profit development) policies rather than only fiscal issudevelopments in line with productivity; points out the need to focus on the interaction between monetary, fiscal and structural policies to be prepared for an environment of phasing out of unconventional monetary policy measures and rising interest rates;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Thierry CORNILLET

Motion for a resolution
Paragraph 4

4. Welcomes the improvements in public finances, in particular the gradually declining ~~debt/GDP ratio~~public debt levels for the EU and euro area and falling ~~headline~~ budget deficits; ~~recalls that, while many Member States have limited fiscal leeway for~~cautions against too much optimism as the costs of ageing may lead to an increase in public debt levels in the medium-term; recalls that Member States need to implement~~ing~~ sustainable, growth- friendly structural reforms~~, some Member States still have large surpluses which should be used to sustain investments and growth across the EU~~ to sustain sound public finances in the medium to long term and to create the conditions for investments and growth across the EU; calls on the Commission to broaden its debt sustainability analysis of Member States by including contingent, implicit and other off-budget obligations, and make them public;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Thierry CORNILLET

Motion for a resolution
Paragraph 5

5. Recalls the importance of ~~public~~abolishing barriers to investment for boosting and leveraging investment in the EU; considers that the policy mix proposed in the AGS 2018 should be further developed to ~~remedy the current decrease in public investment in the EU~~concretely address barriers to investment such as rigidities in labour and product markets, high administrative and tax burden, and inefficient public administration; highlights that this ~~decrease~~ also affects local and regional authorities, threatening their ability to deliver quality public services;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Lieve WIERINCK

Motion for a resolution
Paragraph 6

6. Asks for a revision of the accounting standards (European System of National and Regional Accounts, ESA 2010) to ensure a depreciation of investments over a longer period, which would allow budgetary margins to recover and permit the realisation of infrastructure projects;deleted

2018/01/17
Committee: ECON

2017/2226(INI)

Tom VANDENKENDELAERE, Brian HAYES, Lieve WIERINCK

Motion for a resolution
Paragraph 6

6. ~~Asks for a revision of the accounting standards (European System of National and Regional Accounts, ESA 2010) to ensure a~~Calls to improve the enforcement of the Stability and Growth Pact (SGP) with a focus on debt reduction; whilst allowing Member States under the preventive arm of the SGP to replace gross investments with the depreciation of the investment~~s over a longer period, which would allow budgetary margins to recover and permit the realisation of infrastructure projects~~ in their overall balance calculation which would permit the realisation of significant growth- enhancing infrastructure projects as Member States can spread the cost of the projects over the lifecycle of the investment;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Thierry CORNILLET

Motion for a resolution
Paragraph 7

7. Underlines that the European Semester and the Country-Specific Recommendations should ~~achieve the objectives set out in the Pillar of Social Rights~~be fully implemented; recalls that over the past years around 50 % of CSRs have not been implemented or only with limited progress while full implementation is below 10 %;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Enrique CALVET CHAMBON, Thierry CORNILLET

Motion for a resolution
Paragraph 7 a (new)

7 a. Considers that, as a consequence of the non-binding character of Country- Specific Recommendations regarding structural reforms, responsibility for the consequences of non-implementation remains with the Member States; takes the view that the sharing of the burden of the consequences is conditional to the implementation of the Country-Specific Recommendations;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Enrique CALVET CHAMBON, Thierry CORNILLET

Motion for a resolution
Paragraph 8

8. Insists on the need to develop within the European semester a comprehensive strategy to support investment ~~that enhances environmental sustainability~~; recalls on the ~~Commission, in this respect, to demonstrate how its statement that ‘the SDGs are now fully integrated~~ importance of credible fiscal rules for regaining t~~he Semester’ (Commission communication of 22 May 2017, COM(2017)0500) is reflected in Annual Growth Survey 2018 and will be reflected in the subsequent Semester proces~~rust of financial markets, which is fundamental to attract investments;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Paragraph 14

14. Considers that the ~~tools availab~~proper enforcement of EU fiscal rules and Single Mar~~e not yet equal to the task of fully~~ket legislation would significantly improve addressing the EU’s cyclical and structural problems, in particular the need to strengthen ~~inclusive~~ growth and productivity, to boost job creation, promote convergence, support sustainable investments and enhance resilience to shocks;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Lieve WIERINCK

Motion for a resolution
Paragraph 16

16. Is concerned that gaps and discrimination on the labour market remain high throughout the European Union, contributing to differences in remuneration, retirement, participation in decision-making and wealth between men and women; stresses the importance of preserving high standards in relation to the quality of the proposed employment;deleted

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK

Motion for a resolution
Paragraph 17

17. Calls for the completion of the Banking Union, ionc~~luding a credible European deposit-insurance scheme and a common fiscal backstop~~e adequate risk reduction measures have been implemented;

2018/01/17
Committee: ECON

2017/2226(INI)

Caroline NAGTEGAAL, Ramon TREMOSA i BALCELLS, Lieve WIERINCK, Thierry CORNILLET

Motion for a resolution
Paragraph 18

18. Highlights the importance of an improved European Semester process, ~~including the formalisation of the euro area aggregate fiscal stance as a key tool for policy formulation and imple~~which would allow for a proper enforcement process of the fiscal and economic policy recommentdation across the EMU; calls for a broader reform of the Stability and Growth Pact (SGP) in order to improve its flexibility, to incorporate the differentiated treatment of investments and to introduce the concept of aggregate fiscal stances; stresses the need for prudent fiscal policies in anticipation of rising interest rates;

2018/01/17
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Recital C a (new)

C a. whereas in 2016 only 2 % of country-specific-recommendations (CSRs) have been fully implemented, 43 % with some progress and 45 % with limited or no progress;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 1

1. Welcomes the good performance of the European economy, supported by moderate GDP growth and decreasing, yet still high, unemployment rates; considers that the positive trend is due to the right policy mix in the past years; notes that the modest recovery, however, remains fragile and that the development of GDP per capita is close to stagnation;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Thierry CORNILLET, Ramon TREMOSA i BALCELLS, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 2 a (new)

2 a. Calls on the Commission and the Member States to consider the challenges linked to ageing societies as a matter of priority;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Paragraph 3

3. Takes the view that a greater degree of upward convergence improving overall competitiveness would be needed to sustain the economic recovery in the EU and the euro area in the longer term;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 5 a (new)

5 a. Underlines that the correct implementation of EU law is a basic instrument for economic convergence inside the EU and the Eurozone, and calls for stronger enforcement and public pressure from the Commission on infringing Member States;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 6

6. Considers that the uneven growth and employment situation in the euro area requires better coordination of structural reforms, in particular through improved implementation of the country-specific recommendations (CSR); notes that in 2016 55 % of CSRs have not been implemented or only seen limited progress, and only 2 % have been fully implemented; warns that the low implementation rate of CSRs jeopardizes the convergence process in the euro area and hinders growth and job creation;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 6 a (new)

6 a. Notes that youth unemployment remains excessively high across the countries of the Euro area;points out that elevated and persistent youth unemployment represents a dangerous long-term structural risk to the economy of the Euro area;considers that specific policies must be developed and implemented to tackle this;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET

Motion for a resolution
Paragraph 7 a (new)

7 a. Considers that, as a consequence of the non-binding character of CSR's, responsibility for the consequences of non-implementation towards their population remains with the Member States;takes the view that the sharing of the burden of the consequences is conditional to the implementation of the CSR's;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 10

10. Stresses th~~e importance of~~at wage developments ~~in line with~~should not outstrip productivity;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 11

11. Stresses that the lack of competitiveness and investment in the EU is, in part, linked to a general tax burden that is 10 to 15 % higher than in competing markets, creating hindering tax wedges on companies, investments and labour; believes that moderately lowering the tax burden on labour would increase employment and foster growth;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Petr JEŽEK, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 11 a (new)

11 a. Notes that difficulties in access to finance faced by companies across the EU, in particular by small and medium- sized enterprises, represents an obstacle to the overall competitiveness of the euro area;considers the implementation of measures to improve access to finance a key priority for the improvement of competitiveness in the euro area;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Petr JEŽEK, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 11 b (new)

11 b. Considers the deepening of the single market to be a major contributor to the economic development of the euro area;notes that administrative, legal and financial obstacles remain to cross-border economic activity, which represent a particular burden to small and medium- size enterprises;considers that steps should be taken for the harmonisation of administrative, legal and financial requirements for cross-border economic activity;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Petr JEŽEK, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 11 c (new)

11 c. Emphasises that excessive and inefficient government bureaucracy represents an obstacle to business across the EU, being particularly burdensome to small and medium-sized enterprises, and could represent a barrier to entry;considers that measures need to be implemented to streamline government bureaucracy and make it more efficient;stresses that digitalisation of such bureaucracy would be a welcomed step forward;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Petr JEŽEK, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 13

13. Considers that reforms removing investment bottlenecks would allow for immediate support for economic activity and at the same time set the conditions for long-term growth; stresses that the completion of the Capital Markets Union is a crucial factor to attract and to increase investment, and improve the financing of growth and jobs;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Petr JEŽEK

Motion for a resolution
Paragraph 13 a (new)

13 a. Considers research, technology and education to be of vital importance to the long-term economic development of the Euro area;stresses the vast disparities between member states in investment in these areas;notes that investment in these areas can contribute to the development of innovation in the EU;considers that member states should take active measures to meet their target gross domestic expenditure on research and development in the context of the Europe 2020 Strategy;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 16

16. Welcomes the fact that deficits in the euro area are projected to decline; is concerned, however, that this process is slowing down and agrees that government debt remains too high in some Member States impeding on investment and growth and making them vulnerable to interest rate shocks;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 19 a (new)

19 a. Recalls the assessment of the European Fiscal Board of 20 June 2017, which concludes that in 2018 there is neither the case for a discretionary fiscal impulse nor for a fiscal contraction;supports its recommendation to recompose government expenditure towards higher investment spending in full compliance with the SGP;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 21

21. Recognises that Member States have made progress in the area of fiscal policy and active labour market policies, while least progress was made in areas such as competition in services ~~and the business environment~~, constituting a significant portion of the EU economy, and the business environment; calls on the Commission to enforce the implementation of the CSRs, where possible, through the fiscal and macroeconomic surveillance framework; calls on the Commission to propose a binding legal framework enabling the enforcement of all CSRs; expects a greater commitment on the part of Member States to take the necessary policy actions based on the CSRs;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 25

25. Considers it ~~of great importance~~essential therefore that all Member States take the necessary policy action to address imbalances, in particular high levels of indebtedness, and commit to structural reforms ensuring the economic sustainability of each individual Member State, thereby ensuring the overall competitiveness and resilience of the European economy;

2017/07/10
Committee: ECON

2017/2114(INI)

Lieve WIERINCK, Ramon TREMOSA i BALCELLS, Thierry CORNILLET, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 25 a (new)

25 a. Considers that the implementation of country-specific recommendations launched in the framework of the European Semester is crucial to addressing imbalances in the Euro area;notes that the voluntary nature for the implementation of the recommendations represents a vulnerability for the Euro area as a whole;calls on the Commission to make the country-specific recommendations binding;

2017/07/10
Committee: ECON

2017/2084(INI)

Gesine MEISSNER, Pavel TELIČKA, Dominique RIQUET, Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Recital C

C. whereas a fully functioning and competitive internal energy market is essential for further stimulating R&D and maximising the market uptake of new technologies across all EU regions by providing economies of scale and regulatory and investment certainty, thereby enabling the EU to reap the full potential of energy innovation and fostering efficiency, a sustainable and efficient technology-neutral use of indigenous sources, and storage and transport solutions;

2017/10/25
Committee: ITRE

2017/2084(INI)

Gesine MEISSNER, Pavel TELIČKA, Dominique RIQUET, Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Recital D

D. whereas the EU’s energy policy and financing instruments should primarily focus on a gradual transition to high- efficiency, low-emission systems and avoid setting technology-specific benchmarks that distort market mechanisms and limit the use of subsidies to that of a temporary instrument facilitating the market-uptake of new technologies;

2017/10/25
Committee: ITRE

2017/2084(INI)

Gesine MEISSNER, Pavel TELIČKA, Dominique RIQUET, Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Recital D a (new)

Da. whereas innovation is driven first and foremost by innovators and market demand; in that sense calls on the Commission to focus its efforts primarily on creating an enabling framework for innovators, ranging from simplifying access to research financing to turning knowledge into commercially viable products; partnerships between researchers and relevant industrial partners can be helpful in that regard;

2017/10/25
Committee: ITRE

2017/2084(INI)

Gesine MEISSNER, Pavel TELIČKA, Dominique RIQUET, Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Recital F

F. whereas energy-related research and innovation was recognised as a priority area under FP7 and Horizon 2020, and should continue to be so in the upcoming EU Framework Programme;

2017/10/25
Committee: ITRE

2017/2084(INI)

Gesine MEISSNER, Pavel TELIČKA, Dominique RIQUET, Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Paragraph 2

2. Recognises that the successful deployment of energy innovation is a multidimensional challenge that encompasses supply chain, value chain, human capital, market dynamics, regulation, innovation and industrial policy issues; stresses that this challenge requires the engagement of citizens – consumers and prosumers –, as well as a wide ecosystem of stakeholders, including academia, research and technology organisations (RTOs), start- ups, energy and construction companies, mobility providers, service suppliers, equipment manufacturers, IT and telecoms companies, financial institutions, public authorities at all levels, NGOs, educators and opinion leaders;

2017/10/25
Committee: ITRE

2017/2084(INI)

Gesine MEISSNER, Pavel TELIČKA, Dominique RIQUET, Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Paragraph 9 – introductory part

9. ~~Calls on the Commission to set up a dedicated inter-service team that would, inter alia~~In order to make the existing financing instruments at EU and Member State level more comprehensible, highlight investment opportunities and maximize the uptake of new technologies, calls on the Commission to:

2017/10/25
Committee: ITRE

2017/2084(INI)

Gesine MEISSNER, Pavel TELIČKA, Dominique RIQUET, Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Paragraph 9 – point b

(b) ~~reinforce~~identify existing stakeholder fora on energy research and innovation ~~and establish new ones where necessary~~; provide tools for inter-sectoral, inter- disciplinary and inter-regional exchanges, including on energy innovation projects, national and local long-term energy innovation policies, joint investment opportunities, the appropriation of the energy transition by citizens and grass-root initiatives;

2017/10/25
Committee: ITRE

2017/2084(INI)

Gesine MEISSNER, Pavel TELIČKA, Dominique RIQUET, Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Paragraph 11

11. Reiterates Parliament’s call for an increased overall budget of EUR 120 billion for FP9 and urges the Commission to ~~increase by 50 % the proportion of~~set an ambitious target for energy- related financing under FP9 from the corresponding H2020 level, so as to ensure sufficient funding to support effective implementation of the Energy Union;

2017/10/25
Committee: ITRE

2017/2084(INI)

Gesine MEISSNER, Pavel TELIČKA, Dominique RIQUET, Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Paragraph 14

14. Considers that citizen-driven energy innovation opens untapped opportunities for innovation financing~~; calls on the Commission to explore effective ways to promote energy innovation crowdfunding and to consider the setting up of a clean energy innovation crowd equity fund;~~, for example through crowdfunding; however citizen-driven innovation can only take place if barriers for market entry are lowered.

2017/10/25
Committee: ITRE

2017/2084(INI)

Gesine MEISSNER, Pavel TELIČKA, Dominique RIQUET, Fredrick FEDERLEY, Lieve WIERINCK

Motion for a resolution
Paragraph 19

19. Recognises the need for systemic education and engagement schemes designed to enable society to fully engage in the transformation of the energy system and enable Europeans of all ages to gradually progress from awareness and understanding to active involvement and taking a guiding role; calls on the Commission, the Member States, local authorities and the private sector to promote conscious consumer choices and energy-related citizens’ engagement through, inter alia, EU-supported awareness campaigns, comprehensive information on energy bills and price comparison tools, the promotion of cooperative sharing schemes, participatory budgets for energy-related investments, tax and investment incentives, as well as by steering technological solutions and innovations; however, the effective implementation of this transformation can only happen if the internal energy market is an open, transparent and level- playing field characterised by fair competition;

2017/10/25
Committee: ITRE

2017/2065(INI)

Draft opinion
Paragraph 2

2. Highlights that the deployment of infrastructure adequate in coverage, quality and security is; the infrastructure should also enable and support netneutrality. These elements are crucial for digitising European industry and increasing e- governance;

2017/10/04
Committee: ITRE

2017/2065(INI)

Draft opinion
Paragraph 5

5. Highlights the major societal impact of digital trade on employment, working conditions, workers’ rights, education and skills; insists that trade agreements keep competition fair and do not lower European standards;deleted

2017/10/04
Committee: ITRE

2017/2065(INI)

Draft opinion
Paragraph 8

8. Stresses the importance of the compatibility of payment systems ~~and clear rules on taxation and duties~~;

2017/10/04
Committee: ITRE

2017/2065(INI)

Christian EHLER, Soledad CABEZÓN RUIZ, Marian-Jean MARINESCU, Barbara KUDRYCKA, Françoise GROSSETÊTE, Krišjānis KARIŅŠ, Algirdas SAUDARGAS, Eva KAILI, Lieve WIERINCK

Draft opinion
Paragraph 9

9. Proposes the inclusion in trade agreements of a provision maintaining the right of a party to protect personal data~~, with the only condition that it must not be used with the intention of restricting~~ so long as such party is taking measures to avoid complying with trade commitments for purely or primarily protectionist reasons. Unjustified forced data flo~~ws for reasons other than the protection of personal data~~calization measures should be removed as this is a prerequisite for international trade in digital services.

2017/10/04
Committee: ITRE

2017/2052(INI)

Draft opinion
Paragraph 1

1. Highlights the importance of completing the eEnergy uUnion, the dDigital sSingle mMarket, the cCapital mMarkets uUnion and the European ~~research area~~Research Area; stresses that research and innovation policy is a key strategic component of energy, industrial and digital policies;

2017/11/16
Committee: ITRE

2017/2052(INI)

Christian EHLER, Soledad CABEZÓN RUIZ, Marian-Jean MARINESCU, Barbara KUDRYCKA, Krišjānis KARIŅŠ, Algirdas SAUDARGAS, Eva KAILI, Lieve WIERINCK

Draft opinion
Paragraph 1 – point a (new)

(a) Believes that Union spending should concentrate on policies with European added value; underlines that research and innovation, energy and ICT are areas bringing European added value as it helps to tackle major economic and societal challenges;

2017/11/16
Committee: ITRE

2017/2052(INI)

Christian EHLER, Soledad CABEZÓN RUIZ, Marian-Jean MARINESCU, Krišjānis KARIŅŠ, Eva KAILI, Lieve WIERINCK

Draft opinion
Paragraph 1 – point b (new)

(b) Notes the importance of the Framework Programme for R&I for accelerating the transition towards a sustainable, world-leading, knowledge- based economy; believes that the next MFF should focus its resources on areas that stimulate economic growth and competitiveness, such as research and innovation according to the principles of European added value and excellence;

2017/11/16
Committee: ITRE

2017/2052(INI)

Christian EHLER, Soledad CABEZÓN RUIZ, Marian-Jean MARINESCU, Barbara KUDRYCKA, Françoise GROSSETÊTE, Algirdas SAUDARGAS, Eva KAILI, Lieve WIERINCK

Draft opinion
Paragraph 1 – point c (new)

(c) Reminds that Member States set the target of reaching 3% of GDP in R&D, of which two thirds should come from the private sector; calls on Member States to respect their national R&D investment commitments to meet this target; calls on Member States to increase their national investments in R&D and adopt a budget of at least €120 billion for the next Framework Programme for R&I; adds that increasing its budget would help to address the current oversubscription of the FP;

2017/11/16
Committee: ITRE

2017/2052(INI)

Dominique RIQUET, Lieve WIERINCK

Draft opinion
Paragraph 2

2. Stresses that sufficient funding should be guaranteed for the new industrial policy strategy so that the EU can become the world leader in innovation, digitisation and decarbonisation; calls for the necessary financial programme to be safeguarded through a dedicated investment programme that facilitates the development of a comprehensive industrial strategy;

2017/11/16
Committee: ITRE

2017/2052(INI)

Christian EHLER, Pervenche BERÈS, Martina DLABAJOVÁ, Pascal ARIMONT, Joachim ZELLER, Axel VOSS, Marc JOULAUD, Silvia COSTA, Luigi MORGANO, Helga TRÜPEL, Patrizia TOIA, Sabine VERHEYEN, Soledad CABEZÓN RUIZ, Lambert van NISTELROOIJ, Marian-Jean MARINESCU, Heinz K. BECKER, Krišjānis KARIŅŠ, Eva KAILI, Lieve WIERINCK

Draft opinion
Paragraph 2 a (new)

2a. Considers that to increase the impact of the next MFF, further links should be established between EU funds such as the Framework Programme for Research and Innovation, Structural Funds, the European social fund, the European Agricultural Fund for Rural Development (EAFRD) and Creative Europe.

2017/11/16
Committee: ITRE

2017/2052(INI)

Christian EHLER, Soledad CABEZÓN RUIZ, Lambert van NISTELROOIJ, Marian-Jean MARINESCU, Barbara KUDRYCKA, Eva KAILI, Lieve WIERINCK

Draft opinion
Paragraph 3 – point a (new)

(a) Notes that synergies between funds are crucial to make investments more effective; stresses that smart specialisation strategies are an important tool to foster synergies as it sets national and regional priorities for R&I investments; regrets the presence of important barriers to achieve synergies; calls on the Commission to revise the EU State Aid rules and align them with FP rules; emphasises that an “equal treatment” approach in relation to procedures, e.g. concerning the state aid rules, should become the leading principle.

2017/11/16
Committee: ITRE

2017/2052(INI)

Christian EHLER, Soledad CABEZÓN RUIZ, Eva KAILI, Lieve WIERINCK

Draft opinion
Paragraph 3 – point b (new)

(b) Calls on EU-13 Member States to pool more national resources towards R&I as a means to boost economic growth and reduce the current innovation gap with EU-15 Member States; emphasises that country-recommendations and tools such as the Policy Support Facilities should be further used to improve efficiency of national research systems.

2017/11/16
Committee: ITRE

2017/2052(INI)

Christian EHLER, Soledad CABEZÓN RUIZ, Barbara KUDRYCKA, Eva KAILI, Lieve WIERINCK

Draft opinion
Paragraph 3 – point c (new)

(c) Calls for an increased use of Structural Funds for research and innovation activities, such as investments in capacity building, R&I infrastructures, digital innovation hubs, and for supporting the "Seal of Excellence".

2017/11/16
Committee: ITRE

Charles GOERENS, Petr JEŽEK, Thierry CORNILLET, Lieve WIERINCK

Proposal for a decision
Article 1 – paragraph 1

Statute of the European System of Central Banks and of the European Central Bank
Article 22

Bank The ECB and national central banks may provide facilities, and the ECB may make regulations, to ensure efficient and sound clearing and payment systems, and clearing systems for financial instruments, within the Union and with other countries. In order to achieve the objectives of the ESCB and perform its tasks, the ECB may make regulations concerning clearing systems for financial instruments within the Union and with third countries, provided that it does so in a manner that fully recognises the legislative acts adopted by the European Parliament and the Council in this area as well as measures adopted under such acts.

2018/06/12
Committee: ECON AFCO

2017/0336(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6

Regulation (EU) No 1303/2013
Article 22 – paragraph 8

8. The decision of a Member State to use parts of or the full performance reserve to support structural reforms pursuant to paragraph (1a) shall be accompanied by a proposal to undertake reform commitments pursuant to Article 23a, and a proposal to re-allocate all or part of the performance reserve in submitting an amendment in accordance with Articles 16(4) and 30(3). As a precondition for the use of the performance reserve the milestones referred in article 22, paragraph 1a must be achieved. Consequentially, paragraphs 3,4,5,6 and 7 shall be applied by analogy.

2018/06/21
Committee: ITRE

2017/0336(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6

Regulation (EU) No 1303/2013
Article 22 – paragraph 8 a (new)

8a. Member States should be eligible for the EU funds only if they accept the jurisdiction of the EPPO to combat fraud and other crimes affecting the Union's financial interests, thereby contributing to a stronger and better-protected Union budget. Article 7 (1) TEU, which currently constitutes the legal mechanism for protecting the EU fundamental values enshrined in Article 2 TEU from breaches by the Member States, should be linked to the results of a regular and comprehensive assessment of the rule of law throughout the Union These conditionalities should be applied horizontally to all funds.

2018/06/21
Committee: ITRE

2017/0336(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 7

Regulation (EU) No 1303/2013
Article 23 a – paragraph 1

1. A Member State which opts for a partial or full allocation of the performance reserve under point (b) of Article 22(1a) shall propose to the Commission a detailed set of measures appropriate for the implementation of structural reforms in accordance with Union law. This proposal shall include reform commitments which shall contain milestones and targets for the implementation of the reform measures and a timetable which shall not be longer than three years, on the condition that the reform measures and performance reserve is coherent with the approach taken in the new Multi-annual Financial Framework Regulation for 2021-2027.

2018/06/21
Committee: ITRE

2017/0336(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 7

4. Support to structural reforms by Member States under this Article shall take the form of a financing ~~not linked to cost~~ referred to in Article 121 (1)(e) of the Financial Regulation, shall be managed in line with the rules for direct management set out in that Regulation, and shall not require national co-financing. Chapter I of Title II, and Titles III to IX of Part Two of this Regulation do not apply.

2018/06/21
Committee: ITRE

Paragraph 16 a (new)

16a. Considers that the JRC should have a mandate to review exemptions that have been granted on the use of defeat devices as set out in Article 5(2) of Regulation (EC) No 715/2007;

2017/01/24
Committee: EMIS

2016/2908(RSP)

Paragraph 18

18. Calls on the Commission to strictly monitor the uniform enforcement by Member States of the exemptions to the use of defeat devices and to issue interpretative guidelines; calls onfor the ~~Commission~~JRC to pla~~unch infringements procedures if it deems them necessary~~y a central role herein; suggests that the Member States should transmit to the Commission any exemption given to car manufacturers;

2017/01/24
Committee: EMIS

2016/2908(RSP)

Lieve WIERINCK, Dita CHARANZOVÁ

Paragraph 21

21. Believes that the new framework for EU type-approval should empower the Commission to verify type approvals by retesting vehicles and to initiate corrective measures where necessary; , such as, to suspend the type-approval authority of a Member State, to issue administrative fines and to order a recall from the market of vehicles that have no valid type- approval or to oblige the manufacturer to refit them so that they comply with the relevant legislation;

2017/01/24
Committee: EMIS

2016/2908(RSP)

Paragraph 22

22. Believes that type-approval authorities should be made responsible for checking the financial relations existing between car manufacturers and technical services in order to prevent conflicts of interest between the two; believes that in a system in which the avoidance of conflicts of interest is ensured the current structure of technical services in the private sector can remain in place;

2017/01/24
Committee: EMIS

2016/2908(RSP)

Paragraph 26

26. Believes that type-approval authorities, market surveillance authorities and technical services should ~~be able to~~ carry out their duties; considers that they should therefore improve their level of competence significantly and continuously, and to that end calls for the establishment of regular, independent audits of their capabilities;

2017/01/24
Committee: EMIS

2016/2908(RSP)

Paragraph 28

28. Calls for stricter and more effective enforcement of vehicle emission measurement rules in the EU; considers that only stronger oversight at EU level can ensure that the EU law on emissions is properly enforced; proposes that the governance structure on car emissions be reformed without delay and brought into line with the other transport sectors; calls for a central role of the JRC in such a new governance structure to ensure that testing methods are applied in a uniform manner in the EU;

2017/01/24
Committee: EMIS

2016/2908(RSP)

Lieve WIERINCK, Dita CHARANZOVÁ

Paragraph 31

31. Suggests that the Commission should be empowered to impose effective, proportionate and dissuasive administrative fines where non-compliance of vehicles is established; believes that a clear reporting mechanism within the Commission should be put in place to ensure that when non-compliances are identified by the JRC, they are reported to all relevant levels within the hierarchy of the Commission;

2017/01/24
Committee: EMIS

2016/2908(RSP)

Paragraph 46

46. Considers that an interim report should not necessarily be included in future mandates in order not to pre-empt the final conclusions of the inquiry;

2017/01/24
Committee: EMIS

2016/2908(RSP)

Lieve WIERINCK, Dita CHARANZOVÁ

Paragraph 47

47. Considers that in the future committees of inquiry should be ~~kept as small as possible in future~~organized differently in order to ensure greater efficiency and effectiveness in organising and conducting the committees’ work, in particular during the public hearings;

2017/01/24
Committee: EMIS

2016/2908(RSP)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Paragraph 50

50. Notes that accredited parliamentary assistants are not allowed to consult non- classified ‘other confidential information’ in a secure reading room under the current rules; notes that some Members found that this rule stands in the way of effective and thorough consultation of such documents within the limited time available to committees of inquiry; proposes that accredited parliamentary assistants can be given access to such information in secure reading rooms on permission of their respective Member of European Parliament and on the latter's responsibility;

2017/01/24
Committee: EMIS

2016/2325(INI)

Motion for a resolution
Citation 11 a (new)

– having regard to the The Hague Manifesto on Space Policy of June 2016;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Gesine MEISSNER, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Recital A a (new)

Aa. whereas the benefits of space for society are manifold and can lead to a more competitive economy for Europe, through developing many new products and services and supporting agriculture, forestry, fisheries and maritime transport; whereas satellite technology can lead to better access to communication technologies, high-resolution Earth Observation systems that allow for the exchange of information in real-time, a rapid response to natural disasters and more effective border and security controls;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Gesine MEISSNER, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Recital B a (new)

Ba. whereas space technologies, data and services can support a variety of EU public policies and key political priorities, such as boosting the Digital Single Market, stimulating the European economy and tackling climate change;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 2

2. Reminds the Commission that continuity in EU space programmes is imperative, in particular in order to create a positive and predictable investment climate in the downstream sector; considers that this can only be achieved if public funding of the ~~respective infrastructure and services is guaranteed in the long term, including in areas with significant private sector involvement~~space flagship programmes and a downstream data infrastructure is guaranteed in the long term possibly through Public-Private Partnerships;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 3

3. Believes that it is necessary to evaluate the ~~governance of the~~ Galileo and Copernicus programmes before the presentation by the Commission of its new legislative proposals as part of the next MFF; considers that this evaluation should address amongst other matters the future role of the European GNSS Agency (GSA) in Galileo and a potential role in Copernicus, how to simplify the GSA’s relationship with the European Space Agency (ESA) and the current split between the Agency’s core and delegated tasks;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Gesine MEISSNER, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 5

5. Asks the Commission ~~to review the adequacy of resources allocated to the GSA, taking into consideration its current and future tasks and the risks of conflicts of interest resulting from the outsourcing of tasks~~, in cooperation with ESA, to study different options by which the complicated institutional landscape in European space governance can be simplified, improving effectiveness and cost efficiency; stresses that a multiplicity of agencies and organisations does not lead to better space policy;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 7

7. Calls on the Commission to accelerate the full economic exploitation of the Galileo and Copernicus programmes by setting adequate targets for market uptake and by simp~~lify~~roving the access to and the processing of Copernicus data in order to enable enterprises and SMEs in particular to develop applications based on space data;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 7 a (new)

7a. Welcomes the Commission's actions in procuring cloud platforms for Earth Observation data, to ensure that Europe reaps the full economic benefit of its flagship space programmes and to establish sustainable user access and competence building; urges the Commission to speed up its work in this area so that the first data platforms can be operational in 2018; believes that all tenders for these platforms should be open to private actors;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 7 b (new)

7b. Stresses the need for 'space proof' legislation; calls on the Commission to remove barriers to use of space technologies by the public sector, e.g. for monitoring compliance with new and existing European legislation; Believes that public policy can be improved considerably by using space technology; asks the Commission and Member States to stimulate uptake of space technology by European, national, regional and local authorities;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Gesine MEISSNER, Dominique RIQUET, Lieve WIERINCK

Motion for a resolution
Paragraph 8

8. Stresses that the success of the space sector is highly dependent on research and innovation and that the next Framework Programme should put an emphasis on space-related research, whilst ensuring efficiency through full cooperation between the EU, the ESA and the Member States in areas such as launcher research; ; calls for enhancement and extension of the dedicated space budget line under Framework Programme 9, whilst ensuring efficiency through full cooperation between the EU, the ESA and the Member States; believes that research & innovation should be stimulated and financed on a broad array of space technologies, but also on how to create awareness of space opportunities; urges the Commission to extend the use of the SME instrument for scaling-up business opportunities in space-based products and services both within Horizon 2020 and in future Framework Programmes;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 10

10. Stresses that the widespread use of the Galileo signal is a precondition for the development of a strong downstream market for space-based applications and services and that adequate measures~~, including regulatory ones,~~ should be taken in order to make full compatibility with Galileo and EGNOS the standard for devices sold in the EU;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Gesine MEISSNER, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 12

12. Highlights the ability of satellites to provide uninterrupted very high capacity connectivity, in particular in remote areas and outermost regions, which will be essential for the development of ~~5G networks, enabling services such as autonomous driving~~high- speed networks and the expansion of the Internet of Things, enabling services such as autonomous driving; emphasizes the complementarity of terrestrial and space- based technologies for delivering Very High Capacity networks; asks the Commission to recognize this and to ensure a technology neutral communication technology mix; stresses also the need to reserve adequate frequency bands for the operation of these satellite services; calls for this to be addressed in legislative work on telecommunication networks;

2017/04/28
Committee: ITRE

2016/2325(INI)

Gesine MEISSNER, Lieve WIERINCK, Pavel TELIČKA, Cora van NIEUWENHUIZEN

Motion for a resolution
Paragraph 12 a (new)

12a. Highlights the importance of a European space strategy for a comprehensive EU maritime policy, in particular of a more coordinated use of satellites to facilitate maritime research and to improve maritime surveillance.

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Gesine MEISSNER, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 15

15. Stresses that ~~SME~~users such as SMEs and local and regional authorities are still not sufficiently aware of funding opportunities, including those by the EIB, for projects with a link to Galileo or Copernicus, and that the targeted dissemination of information about these opportunities has to be urgently improved;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 16

16. Welcomes the announcement of the Commission to aggregate its demand ~~for launchers and launching service~~in space-based services and infrastructures to mutualize costs and risks and to help reach a critical mass allowing economies of scale; believes that this should happen on a cross-DG basis; calls on the Commission to ensure fair treatment of EU enterprises vis-à-vis enterprises from third countries in public procurement, specifically by working towards a global level playing field, and by taking into consideration the prices that companies charge to other customers worldwide; welcomes the Commission proposal to strengthen use of innovative procurement schemes;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 16 a (new)

16a. Calls on the Commission to act as a 'launching customer' for the European space sector, for example by buying European Earth Observation data for policy objectives or Galileo-enabled smartphones for EU-officials;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 20 a (new)

20a. Emphasises that cyber crime is a very fast going sector worldwide; underlines that a large part of our economy is relying on space-related services and that cyber attacks therefore pose a large threat; asks the Commission to ensure that all the relevant agencies have contingency plans in place for possible cyber attacks;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK

Motion for a resolution
Paragraph 21

21. Calls on the Commission to design the planned Govsatcom initiative in a cost- effective way, if the impact assessment is sufficiently positive, which may include purchasing services from commercial communication satellites, and to ensure that the initiative creates significant added value and avoids duplicating existing structures;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Gesine MEISSNER, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 21 a (new)

21a. Notes the increased use of small satellites, which are frequently operated in constellations; stresses the importance of the availability of smallsat-launchers as well, so that Europe will have cost- efficient methods to launch small satellites; asks the Commission to become more active in stimulating R&D&I projects in this regard;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 24 a (new)

24a. Underlines that space is traditionally a sector where good international cooperation is taking place; emphasises the importance of international cooperation on all non- sensitive space issues, such as placing dedicated Copernicus servers in third countries for exchanging data, as long as the principle of reciprocity is assured;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Gesine MEISSNER, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 25

25. Asks the Commission to ~~examine~~monitor existing private sector ambitions in the area of space mining and to work towards a respective international agreement in order to avoid a race for depletable resources in space;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Gesine MEISSNER, Dominique RIQUET, Lieve WIERINCK, Pavel TELIČKA

Motion for a resolution
Paragraph 27 a (new)

27a. Considers that democratic support is important for investing in space; Calls on the Commission to present a well- designed and comprehensive communication strategy about the benefits of space technologies for citizens and businesses; Urges the Commission to implement three pillars in its this strategy, in order to more effectively address three important groups of people: 1. Raising awareness with the general public of the necessity of investments in space; 2. Informing SMEs and entrepreneurs about the opportunities of the Space flagship programmes; 3. Including space in education in order to close the skills gap; Asks the Commission to present the European Parliament with a roadmap on the creation of this communication strategy as soon as possible;

2017/04/28
Committee: ITRE

2016/2325(INI)

Cora van NIEUWENHUIZEN, Dominique RIQUET, Lieve WIERINCK

Motion for a resolution
Paragraph 27 b (new)

27b. Highlights that the regional dimension is essential in bringing the benefits of space closer to users and thus putting users at the centre of a European space strategy; underlines that local and regional authorities should be involved in the implementation of European space policy, as it also supports smart specialisation strategies in many regions; underlines that space technologies provide opportunities concerning objectives in EU policies such as the EU Urban Agenda, smart energy and city planning;

2017/04/28
Committee: ITRE

2016/2323(BUD)

Nils TORVALDS, Gérard DEPREZ, Ramon TREMOSA i BALCELLS, Matthijs van MILTENBURG, Lieve WIERINCK, Enrique CALVET CHAMBON, Fredrick FEDERLEY, Gerben-Jan GERBRANDY, Kaja KALLAS, Urmas PAET

Motion for a resolution
Paragraph 4

4. Stresses that investments in research and innovation represent a pre- condition for achieving genuine competitiveness in the EU~~; regrets the fact that, a~~, and for having an innovative and competitive EU economy on a global level; regrets that Member States a re~~sult of an alarmingly low success rate of applications, fewer high- quality projects in the field of research and innovation are receiving EU funding~~ cutting their funding for R&I activities and recognises that more applications are directed towards the EU as a result and notes that many interested parties, many of which are new comers or SME's, are being deterred from submitting time-consuming Horizon 2020 project proposals due to lower success rates; calls in this respect for an adequate level of appropriations to be ensured for Horizon 2020;

2017/02/15
Committee: BUDG

2016/2306(INI)

Motion for a resolution
Citation 23 a (new)

- having regard to the Annual Report on European SME's 2015/2016,

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Citation 23 b (new)

- having regard to the report from the Commission to the European Parliament and the Council dated 26th August 2016 on the implementation of Directive 2011/7/EU of the European Parliament and of the Council of 16 February 2011 on combating late payment in commercial transactions,

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Recital E

E. whereas growth has to an important degree relied upon unconventional and, in the long term, unsustainable monetary policies; whereas interest rates will rise again; whereas this supports the call for a three-pronged policy approach of growth- friendly investment, a full and consistent implementation of the Stability and Growth pact across Member States, and a particular focus on structural reforms;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Recital F a (new)

Fa. whereas the long-term sustainability of public finances of EU Member States is a matter of concern for intergenerational fairness;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Recital F b (new)

Fb. whereas the size of government debt can be affected both by contingent and implicit liabilities;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Recital G

G. whereas the EU requires important investment efforts; notably in growth enhancing areas such as research, ICT, innovation or education;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Recital H

H. whereas the EU’'s insufficient level of global competitiveness and ~~productivity calls for structural reforms in the Member States in order to bring about sustained growth~~its lack of sustainable growth is linked to low productivity growth which can only be tackled through structural reforms in the Member States and the completion of the single market, also aiming at making the EU's economy more dynamic through the creation and scale-up of innovative companies;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Recital H a (new)

Ha. whereas economies with more punitive bankruptcy regimes forego the potential growth in value added and employment which calls for the full implementation of the Small Business Act second chance principle by all Member States;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Recital H b (new)

Hb. whereas the late payments directive was designed to help companies that are facing high costs or even bankruptcies due to late payments by private and public companies; whereas the external ex-post evaluation revealed that public entities in more than half of all Member States are not yet respecting the 30-day payment limit imposed by law; whereas the report has identified that Member States under adjustment programmes have difficulties applying the directive where prompt payment of current invoices has to be balanced against accumulated debt repayment;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 1

1. Welcomes the Commission’s Annual Growth Survey 2017 reaffirming the strategy of a virtuous triangle of investment, structural reforms and responsible public finances; agrees that faster progress on the adoption of reforms, in line with the country-specific recommendations, is needed to deliver on growth and jobs; deplores the very low implementation rate of country specific recommendations, which declined from 11 % in 2012 to only 4% in 2015; stresses that Member States will need to step up their efforts to reform if they want to return to growth and create jobs;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 3 a (new)

3a. Believes that the EU needs to be prepared for an environment of phasing out of unconventional monetary policy measures and rising interest rates;

2016/12/15
Committee: ECON

2016/2306(INI)

Lieve WIERINCK, Sylvie GOULARD, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 4

4. Agrees with the Commission that access to finance is crucial for businesses to innovate and grow;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 5

5. Notes that tha credible financial system and its institutions are crucial for attracting investment and growth in the European economy; stresses that the current financial system is characterised by increased safety and stability;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
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; calls for a faster and more ambitious implementation of CMU to create a more efficient allocation of capital throughout the EU, improving the depth of EU capital markets, increasing diversification for investors, stimulating long term investment and making full use of the EU's innovative financial instruments designed to support access to capital markets for SMEs;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 6 a (new)

6a. Notes in particular the findings in the Annual Growth Survey 2017 that high growth companies have issues with access to finance; calls for the Commission to identify and implement projects that support and attract market-based investment for such high growth innovative companies, such as the pan European VC Funds-of-Funds;

2016/12/15
Committee: ECON

2016/2306(INI)

Lieve WIERINCK, Sylvie GOULARD, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 8

8. Emphasises that reliable investment requires a stable 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 attracting investment;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 10

10. Notes with concern that the EU share of global foreign direct investments flows have fallen significantly since the crisis; calls on the Commission and Member States to step up efforts to improve the business environment for investments inter alia by fully implementing and enforcing EU Single Market legislation;

2016/12/15
Committee: ECON

2016/2306(INI)

Lieve WIERINCK, Sylvie GOULARD, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 10 a (new)

10a. Believes that EFSI and structural funds should also support recommendations for the EU as a whole; calls for the Commission to increase its efforts to finance projects or help to attract market based finance for projects with a cross-border dimension, especially in the fields of knowledge, innovation, education and ICT;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 10 b (new)

10b. Stresses that structural reforms need to be complemented by longer-term investment in education, research, innovation and sustainable energy; believes that public-private partnerships can also be considered as tools to promote investment and to deliver smart and sustainable growth which complement public investment programmes;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 11

11. Agrees that structural reforms in product, services and labour markets, also with the aim to improve the efficiency of research and innovation systems, remain a priority in the Member States;

2016/12/15
Committee: ECON

2016/2306(INI)

Lieve WIERINCK, Sylvie GOULARD, Enrique CALVET CHAMBON

Motion for a resolution
Paragraph 11 a (new)

11 a. Believes that the Member States and the Commission are not delivering enough on their commitment to complete the Single Market which limits the transfer of capital and labour resources from traditional to new activities, such as in the services sector which contributed more than 70% of the EU-28's total gross value added in 2015, and limits the expansion of intra-EU trade; reiterates the importance of the completion of the Single Market, not only for the purpose of economic gains such as growth and jobs in the EU but also as a way to increase citizens confidence in the European project;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 12 a (new)

12 a. Underlines the importance of launching or continuing the process of coherent and sustainable structural reforms for stability in the medium and long term; stresses that the EU cannot compete on general or labour costs alone, but needs to invest more in research, innovation and development, education and skills, and resource efficiency, at both national and European level;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 12 b (new)

12 b. believes that reducing the tax burden for low and middle incomes will increase demand and boost growth agrees with the Commission that the Member States need to continue to pursue growth- friendly fiscal consolidation; calls on Member States to simplify tax systems, reduce taxes and social security contributions, especially for low and medium incomes, and shift taxes away from labour to consumption and environmentally damaging activities in order to stimulate growth, private investment and job creation, to make consolidation efforts more efficient, and to enhance investments in education, R&D, and active labour market policies;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
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 significant impact on public deficits; highlights the fact that current consolidation paths will not be sufficient to ensure compliance with EU fiscal rules if pension and health systems are not reformed or current reforms are reversed or not implemented;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 13 a (new)

13 a. Notes that EU Member States currently spend between 5 and 11% of GDP on healthcare which is expected to increase considerably in the next decades due to demographic changes; urges the Commission to focus efforts on more efficient spending on healthcare through cooperation and sharing of best practices at EU level; calls for greater accountability through measurement and reporting of spending on healthcare, and addressing the sustainability of healthcare systems in Country Specific Recommendations.

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 13 b (new)

13 b. Calls on the Commission to broaden its debt sustainability analysis of Member States by including contingent, implicit and other off-budget obligations, and make them public; notes the increased burden on companies as a barrier to growth due to late payments notably by public companies and calls for the Commission to assess of the application of the Late Payments Directive 2011/7/EU by Member States as part of the CSR's.

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 14

14. Welcomes the fact that, on average, youth unemployment is declining; notes, however, that there remain stark differences across the Member States that call for continued reforms to facilitate the entry of young people into the labour market to ensure intergenerational fairness; ;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 17

17. Underlines the fact that all Member States are obliged to comply with the Stability and Growth Pact; 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; believes that the TSCG should be incorporated into Community law as soon as possible;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 19

19. Emphasises the Commission’s role as guardian of the treaties; recalls the importance of credible fiscal rules for regaining trust of financial markets, which is fundamental to attract investment;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 20

20. Is concerned about the hesitancy in using the instruments available under the Excessive Deficit Procedure;, which may be interpreted as a lack of commitment to the EU's fiscal rules and hence undermine trust of financial markets; recalls that the mere announcement of the potential use of such instruments such as macro-economic sanctions may have motivated Member States in the past to take budgetary actions, notably Spain and Portugal; notes that only a fiscal policy that respects and follows the rules of the Stability and Growth Pact will lead to credibility and trust between Member States as a pre-condition for the completion of EMU.

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 22

22. Welcomes the reduction in average public deficits and debt, but agrees that aggregate pictures hide significant disparities across the Member States; stresses the need for prudent fiscal policies in anticipation of rising interest rates;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 23

23. Takes note of 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; notes that a debate on a fiscal stance would first require further transfers of sovereignty to the EU level, such as some form of effective control of Member States' budgets and their composition;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 24

24. Takes the view that improving the structure of public budgets is a key lever to ensure compliance with EU fiscal rules and to allow for the financing of indispensable expenditure, the building of buffers for unforeseen needs , growth-enhancing investment and, lastly, the financing of non-essential spending;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 25

25. Welcomes the ongoing review of public spending, and encourages the Member States critically to assess the quality and composition of their budgets; points out that such a review cannot replace urgent fiscal consolidation needs;

2016/12/15
Committee: ECON

2016/2306(INI)

Motion for a resolution
Paragraph 25 a (new)

25 a. Stresses the importance of the long term sustainability of public finances; suggests that the Commission develops an indicator to assess to which extent Member States public finances and annual budgets affect future generations taking into account future liabilities and implicit budgetary obligations;

2016/12/15
Committee: ECON

2016/2306(INI)