12 Amendments of Jessica POLFJÄRD related to 2019/2129(INI)
Amendment 40 #
Motion for a resolution
Recital H
Recital H
H. whereas despite this positive trend, green bonds still account for only 1 % of the overall supply of euro-denominated bonds;
Amendment 58 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the role of the ECB in safeguarding euro stability and stresses that the ECB’s full independence is a requisite for fulfilling its mandate;
Amendment 64 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Is concerned that after a short economic recovery, euro area growth momentum has slowed markedly to 1.2 % of GDP in the euro area and to 1.4 % of GDP for the EU-27; underlines, therefore, the need for monetary policy to remain accommodative for the foreseeable future;
Amendment 71 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Notes that discrete actions in monetary policy is not the main component in promoting long- run economic growth; emphasises the role of structural reforms and fiscal stability play in enabling growth;
Amendment 78 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that fiscal policy iscan be a necessary component for enhancing the impact of monetary policy and reducing some possible side effects;
Amendment 89 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Underlines the findings of the ESCB expert group on low wage growth1 , which analysed the disconnect between wage growth and labour market recovery, namely that low wage growth over recent years can be explained mainly by technology and wage bargaining shocks, the latter being impacted by changes in wage bargaining structure – reducing the bargaining power of employees – and labour market regulations – mainly in countries most affected by the global economic and financial crisis and the combination of labour underutilisation, low inflation readings and subdued productivity growth; _________________ 1ECB Occasional Paper Series No 232 / September 2019: Understanding low wage growth in the euro area and European countries. https://www.ecb.europa.eu/pub/pdf/scpops/ ecb.op232~4b89088255.en.pdf
Amendment 101 #
Motion for a resolution
Paragraph 5 – indent 1
Paragraph 5 – indent 1
- The deepening of the European Monetary Union, including a fiscal capacity for the euro area able to providing a counter-cyclical stabilisation function;
Amendment 115 #
Motion for a resolution
Paragraph 5 – indent 2
Paragraph 5 – indent 2
- The completion of the banking union, including a fully mutualised European deposit insurance scheme that wouldunder the right preconditions, that might reduce risks, promote fair competition, facilitate the expansion of pan-European banking and reinforce the stability of the euro area as a whole;
Amendment 124 #
Motion for a resolution
Paragraph 5 – indent 4
Paragraph 5 – indent 4
Amendment 172 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Underlines that very low or negative interest rates offer opportunities to consumers, workers and borrowers, who can potentially benefit from stronger economic momentum, lower unemployment and lower borrowing costs, while having a detrimental effect on savers and future beneficiaries of pension securities;
Amendment 207 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Recalls that, as an EU institution, the ECB is bound by the Paris Agreement on climate change and that this should be reflected in its policies, as appropriate, with full respect for its mandate and its independence;
Amendment 234 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Is extremely worried about the risks due to the delay in setting up the banking union, and calls for the swift completion of the banking union with a fully mutualised European deposit guarantee schemeCalls for an appropriate completion of the banking union;