11 Amendments of Markus FERBER related to 2017/2114(INI)
Amendment 68 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the good performance of the European economy, supported by moderate GDP growth and decreasing, yet still high, unemployment rates; notes that the modest recovery remains fragile and that the development of GDP per capita is close to stagnation; notes with concern that debt levels in many Member States remain far in excess of the threshold as specified in the stability and growth pact;
Amendment 146 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still act as a drag on growth and pose potential risks; calls on Member States to reduce excessive levels of indebtedness; is concerned in this regard that the persistently high level of non- performing loans in some Member States could have significant spill-over effects from one Member State to another, presenting a risk to financial stability in Europe; notes that a European Bad Banks could be a possible solution to that problem if the state-aid framework was amended to allow for such options;
Amendment 169 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Takes the view that reforms to improve the business climate are needed to boost productivity, investment and employment in the euro area; underlines in this context the importance of supply-side reforms;
Amendment 196 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Stresses the importance of wage developments in line with productivity in order to maintain competitiveness;
Amendment 244 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Considers that reforms removing investment bottlenecks for private investment would allow for immediate support for economic activity and at the same time set the conditions for long-term growth;
Amendment 260 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Takes the view that a timely agreement in the ongoing negotiations on the revised European Fund for Strategic Investments (EFSI) could help to improve the effectiveness of this instrument and to address shortcomings experienced in its implementation so far; stresses the importance of EFSI-funded projects being truly additional in nature;
Amendment 297 #
Motion for a resolution
Paragraph 16
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; calls on Member States with high levels of debt to step up their efforts to reduce the debt burden;
Amendment 311 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Warns that low interest rate payments, accommodative monetary policies, one-off measures and other factors alleviating the current debt burden are only temporary and that sound fiscal policies must be self-sustaining and take into account future liabilities; points out that the possibility of rising costs of debt service underlines the importance of bringing down overall debt levels;
Amendment 322 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Underlines that the fiscal stances at national and euro-area level must balance the long-term sustainability of public finances in full compliance with the Stability and Growth Pact with short-term macroeconomic stabilisation; points out that there is no fiscal space as long as Member States are in breach of the 3% deficit threshold and/or the 60% debt threshold as specified in the stability and growth pact;
Amendment 344 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Emphasises, however, that the aggregate view ignores the heterogeneous situation across Member States and the need to differentiate the fiscal efforts required by each Member State; emphasises that the concept of an aggregate fiscal stance must not imply that surpluses and deficits in different Member States can offset each other;
Amendment 372 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Takes note of the Commission’s recommendation to close the Excessive Deficit Procedures for several Member States; welcomes past and ongoing fiscal and reform efforts, yet insists that these efforts will need to continue to ensure the durability of the correction of the excessive deficit; notes with great concern that in the past the enforcement of the rules of the stability and growth pact by the European Commission has been lax; calls on the Commission to restore and maintain the credibility of the stability and growth pact by applying its rules in the strictest possible manner;