10 Amendments of Lieve WIERINCK related to 2018/2101(INI)
Amendment 70 #
Motion for a resolution
Paragraph 2
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;
Amendment 78 #
Motion for a resolution
Paragraph 3
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;
Amendment 101 #
Motion for a resolution
Paragraph 5
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;
Amendment 127 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. CallsIs 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;
Amendment 135 #
Motion for a resolution
Paragraph 8
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;
Amendment 147 #
Motion for a resolution
Paragraph 10
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;
Amendment 207 #
Motion for a resolution
Paragraph 18 a (new)
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;
Amendment 209 #
Motion for a resolution
Paragraph 18 b (new)
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;
Amendment 211 #
Motion for a resolution
Paragraph 19
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;
Amendment 222 #
Motion for a resolution
Paragraph 20
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;