6 Amendments of Caroline NAGTEGAAL related to 2018/0212(COD)
Amendment 205 #
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
2. The EISF shall provide, based on strict conditionality, financial assistance in the form of loans and interest rate subsidies for public investment to a Member State which is experiencing a large asymmetric shock.
Amendment 235 #
Proposal for a regulation
Article 3 – paragraph 1 – introductory part
Article 3 – paragraph 1 – introductory part
1. A Member State shall be eligible for EISF support where it is not subject to: each of the following conditions are met: (i) in the four years prior to the Member State's support request, the Commission each year assessed that the Member State has effectively addressed the challenges identified in the context of the European Semester, i.e. in the country-specific recommendations and in other relevant European Semester documents officially adopted by the Commission; (ii) in the four years prior to the Member State's support request, the Council never established that an excessive deficit under Article 126(6) TFEU exists in the Member State; (iii) in accordance with Article 126(2) TFEU, in the four years prior to the Member State's support request, the ratio of government debt to gross domestic product in the Member State has been sufficiently diminishing and approaching the reference value at a satisfactory pace; (iv) in the four years prior to the Member State's support request, the Member State never had a sovereign debt credit rating below investment grade; (v) the Member State is not subject to a procedure referred to Article 7(1) or 7(2) of the Treaty on European Union, (vi) the Member State is not subject to any of the following:
Amendment 244 #
Proposal for a regulation
Article 3 – paragraph 1 – point a
Article 3 – paragraph 1 – point a
(a) a decision of the Council establishing that no effective action has been taken to correct its excessive deficit under Article 126(8) or Article 126(11) of the Treaty on the Functioning of the European Union in the twofive years prior to requesting support from the EISF;
Amendment 249 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
(b) a decision of the Council in accordance with Article 6(2) or Article 10 of Council Regulation (EU) No 1466/9719 establishing that no effective action has been taken to address the observed significant deviation in the twofive years prior to requesting support from the EISF; _________________ 19 Council Regulation (EC) No 1466/97 of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies OJ L 209, 2.8.1997, p. 1
Amendment 256 #
Proposal for a regulation
Article 3 – paragraph 1 – point c
Article 3 – paragraph 1 – point c
(c) two successive recommendations of the Council in the same imbalance procedure in accordance with Article 8(3) of Regulation (EU) No 1176/2011 of the European Parliament and of the Council20 on grounds that the Member State concerned has submitted an insufficient corrective action plan in the twofive years prior to requesting support from the EISF; _________________ 20 Regulation (EU) No 1176/2011 of the European Parliament and of the Council of 16 November 2011 on the prevention and correction of macroeconomic imbalances OJ L 306, 23.11.2011, p. 25
Amendment 264 #
Proposal for a regulation
Article 3 – paragraph 1 – point d
Article 3 – paragraph 1 – point d
(d) two successivea decisions of the Council in the same imbalance procedure in accordance with Article 10(4) of Regulation (EU) No 1176/2011 of the European Parliament and of the Council having established non- compliance by the Member State concerned on grounds that it has not taken the recommended corrective action in the twofive years prior to requesting support from the EISF;