BETA

21 Amendments of Markus FERBER related to 2024/2112(INI)

Amendment 36 #
Motion for a resolution
Citation 36 a (new)
– having regard to the 2025 European Semester Autumn package1a; _________________ 1a COM(2024) 700 final
2025/01/14
Committee: ECON
Amendment 50 #
Motion for a resolution
Recital B
B. whereas reference values of up to 3 % of government deficit and 60 % of debt to GDP are defined by the TFEU; whereas the EU’s headline deficit and government debt-to-GDP ratio remain above the reference values; whereas some Member States are exceeding the reference values to a significant extent;
2025/01/14
Committee: ECON
Amendment 65 #
Motion for a resolution
Recital E a (new)
Ea. whereas, in light of its Alert Mechanism Report, the European Commission will conduct an in-depth review of nine countries identified as experiencing macroeconomic imbalances or excessive imbalances in 2024;
2025/01/14
Committee: ECON
Amendment 70 #
Motion for a resolution
Recital E b (new)
Eb. whereas in this year’s Recommendation on the economic policy of the euro area, the European Commission calls on Member States to take action, both individually and collectively, to improve competitiveness, strengthen economic resilience and ensure macroeconomic and financial stability;
2025/01/14
Committee: ECON
Amendment 87 #
Motion for a resolution
Paragraph 1
1. Notes that, in the last few years, the EU has demonstrated a high degree of resilience in the face of major shocks, among other factors, thanks to a coordinated policy response and a flexible approach to the use of the available instruments; further recalls that promoting sustainable growth in a sustained manner means promoting responsible fiscal policies, structural reforms and investments that increase productivity; notes that the existing economic policy coordination framework has been fundamentally successful;
2025/01/14
Committee: ECON
Amendment 102 #
Motion for a resolution
Paragraph 2
2. Believes that overcoming competitive and geopolitical challenges will require the transfer of expenditure to the EU level in certain policy areas related to European public goods to increase the efficiency of overall public expenditure; welcomes the Union’s commitment to increasing its spending efficiency and investments in overall defence capabilities to match its needs in the context of rising threats and security challenges; stresses that the existing economic policy framework does not in any way stand in the way of this objective;
2025/01/14
Committee: ECON
Amendment 113 #
Motion for a resolution
Paragraph 3
3. Highlights the fact that a consistent and comprehensiveprincipled industrial policy is vital to increase investments in the EU’s innovation capacity, while presbolsterving competitiveness and the integrity of the single market;
2025/01/14
Committee: ECON
Amendment 132 #
Motion for a resolution
Paragraph 4
4. Notes that, according to the Commission’s autumn 2024 economic forecast, EU GDP is expected to grow by 0.9 % (0.8 % in the euro area) in 2024 and by 1.5 % (1.3 % in the euro area) in 2025; notes that the economic outlook for the EU remains highly uncertain, with risks largely tilted to the upsidedownside; stresses that the geopolitical risks, in particular, are enormous and require special attention;
2025/01/14
Committee: ECON
Amendment 143 #
Motion for a resolution
Paragraph 5
5. Stresses that high debt levels undermine economic stability and the capacity to respond to crises; is concerned that the public debt ratio is projected to increase (to 83.0 % in the EU and 89.6 % in the euro area) in 2025, up from the levels in 2024 (82.4 % for the EU and 89.1 % for the euro area); stresses that debt levels have been well above the reference values, as laid down in the European Treaties, for quite some time;
2025/01/14
Committee: ECON
Amendment 152 #
Motion for a resolution
Paragraph 6
6. Regrets the fact that eight Member States have excessive deficits and welcomescalls on the Member States to take urgent remedial action;
2025/01/14
Committee: ECON
Amendment 169 #
Motion for a resolution
Paragraph 7
7. Notes that the Commission’s 20245 Alert Mechanism Report identifies macroeconomic imbalances in 12nine Member States;
2025/01/14
Committee: ECON
Amendment 196 #
Motion for a resolution
Paragraph 9
9. Deplores the low level of enforcement of the fiscal rules framework by the Commission in the past; stresses that it is essential for the new framework to ensure the equal treatment of the Member States; affirms that a successful and credible framework relies heavily on its rigorous implementation; calls on the Commission, in this regard, also to make use of the possibility of imposing sanctions where appropriate;
2025/01/14
Committee: ECON
Amendment 200 #
Motion for a resolution
Paragraph 9 a (new)
9a. Stresses that the political independence of the institution responsible for budgetary control is crucial for effective monitoring; calls, in this context, for the European Fiscal Board to play a stronger role in fiscal surveillance;
2025/01/14
Committee: ECON
Amendment 206 #
Motion for a resolution
Paragraph 10
10. Affirms that a renewed focus on medium-term net expenditure as a key governance indicator will require comprehensive reforms of national budgetary planning procedures across the Member States;
2025/01/14
Committee: ECON
Amendment 233 #
Motion for a resolution
Paragraph 12
12. Notes with regret that 18 Member States have proposed deviations from the expenditure path determined by the Commission, resulting, in some cases, in higher average expenditure growth; laments the fact that these deviations are justified on the basis of significant discrepancies between Member States’ economic assumptions and those of the Commission; calls on the Commission to ensure that economic arguments underpinning the new paths proposed by Member States are soundrobust and data-driven; regrets that Member States are delaying their fiscal adjustments to the end of the period, coinciding with slower GDP growth; calls on the Commission to prevent procyclical policies and potentially jeopardizing the objective of budgetary consolidation as a whole; calls on the Commission to prevent procyclical policies and to push for an ambitious approach to expenditure resulting in a tangible reduction of the high public debt;
2025/01/14
Committee: ECON
Amendment 237 #
Motion for a resolution
Paragraph 13
13. Laments the fact that only seven Member States have sought an opinion from their relevant independent fiscal institution; stresses that the opinions of independent fiscal institutions represent an important additional perspective; regrets that nine Member States did not meet their obligation to conduct political consultations with regional authorities and relevant stakeholders prior to submitting their national plans; further laments the fact that several Member States have not involved their national parliaments in the approval process for the plans and have not reported whether the required consultations with national parliaments took place;
2025/01/14
Committee: ECON
Amendment 241 #
Motion for a resolution
Paragraph 14
14. Observes that five Member States have requested an extension of the adjustment period; notes that the reforms and investments used to justify this extension rely heavily on reforms already approved under the Recovery and Resilience Facility; believes that some of these reforms do not sufficiently meet the requirement to demonstrate their contribution to potential GDP growth; stresses that an extension of the adjustment period should only be approved in duly justified exceptional cases and upon presentation of an ambitious reform programme;
2025/01/14
Committee: ECON
Amendment 257 #
Motion for a resolution
Paragraph 15
15. Agrees with the Eurogroup that, given the high levels of debt and the macroeconomic outlook for 2025, gradual and sustained fiscal consolidation in the euro area continues to be necessary; highlights the need to reduce the high levels of deficit and debt in a way that minimises the impact on growth;
2025/01/14
Committee: ECON
Amendment 274 #
Motion for a resolution
Paragraph 17
17. Considers that the rigorous application of the fiscal rules themselves is not a sufficient condition for achieving an optimal fiscal stance at all times; calls on the Commission and the Council to propose a mechanism that helps ensure that the cyclical position for the EU as a whole is at all times appropriate to the macroeconomic outlookfurther improve economic policy coordination in the EU;
2025/01/14
Committee: ECON
Amendment 299 #
Motion for a resolution
Paragraph 18
18. Laments the fact that the rate of ‘fully implemented’ country-specific recommendations (CSRs) has dropped from 18.1 % (in the period 2011-2018) to 13.9 % (in the period 2019-2023); stresses that this rate is far too low and runs counter to the idea of close economic policy coordination;
2025/01/14
Committee: ECON
Amendment 302 #
Motion for a resolution
Paragraph 18 a (new)
18a. calls for the European Semester to be refocused on its core purpose of coordinating economic and budgetary policy between the Member States;
2025/01/14
Committee: ECON