13 Amendments of Olivier CHASTEL related to 2019/0161(COD)
Amendment 7 #
Proposal for a regulation
Citation 2 a (new)
Citation 2 a (new)
Having regard to the Commission's Communication for a European Minister of Economy and Finance
Amendment 14 #
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2 a) Member States whose currency is not the euro and which participate in the exchange rate mechanism (ERM-II) should inform the Commission without delay of whether they intend to participate in the budgetary instrument for convergence and competitiveness or the convergence and reform instrument.
Amendment 16 #
Proposal for a regulation
Recital 3
Recital 3
(3) At the Union level, the European Semester of economic policy coordination is the framework for the identification of national reform priorities of the Member States and for the monitoring of the implementation of those priorities. This Regulation addresses the need to establish coherence between the reform and investment priorities for the euro area as a whole and the reform and investment objectives of the individual Member States whose currency is the euro, and of ERM II Member States participating on a voluntary basis, and to ensure their consistency with the European Semester.
Amendment 19 #
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3 a) The current architecture of the Economic and Monetary Union is intrinsically complex. To improve the efficiency and democratic accountability in the Economic and Monetary Union, Member States shall agree to the establishment of a European Minister of Economy and Finance (the Union's Finance Minister) which would preside the Eurogroup, oversee the Budgetary Instrument for Convergence and Competitiveness, and chair the Board of Governors of the European Stability Mechanism, to be integrated into the Union's legal framework through the establishment of the European Monetary Fund. The Union's Finance Minister shall be a Vice-president of the Commission and must be accountable to the European Parliament.
Amendment 23 #
Proposal for a regulation
Recital 4
Recital 4
(4) On an annual basis, the Council should set out strategic orientations on the reform and investment priorities for the euro area, as part of the recommendation on the economic policy of the euro area. The strategic orientations should be adopted by the Council acting by qualified majority on a recommendation from the Commission, and after the Eurogroup has discussed the reforms and investment priorities that it considers relevant and appropriate for inclusion therein. The annual Euro Summit will play its role.
Amendment 26 #
Proposal for a regulation
Recital 5
Recital 5
(5) To ensure that strategic orientations reflect the evolving experience of the implementation of the budgetary instrument for convergence and competitiveness, the Commission should, alongside its recommendation on the strategic orientations, as part of its recommendation on the economic policy of the euro area, inform the European Parliament and the Council of how the strategic orientations have been followed during the preceding years.
Amendment 30 #
Proposal for a regulation
Recital 6
Recital 6
(6) The Member States whose currency is the euro can decide to submit proposals for reform and investment packages under the budgetary instrument for convergence and competitiveness. To that end, and after having heard the European Parliament, the Council will adopt a Recommendation providing country-specific guidance on the objectives of reforms and investment that can be supported under the budgetary instrument for convergence and competitiveness in Member States whose currency is the euro. This Council Recommendation should be consistent with the strategic orientations adopted under this Regulation, and with the country-specific recommendations that are adopted, in parallel, under the European Semester of economic policy coordination further to discussions, where appropriate, within the relevant Treaty-based committees. The Council Recommendation shall also duly take into account any macroeconomic adjustment programme approved in accordance with the relevant provisions of Regulation (EU) No 472/2013 of the European Parliament and of the Council9 . _________________ 9 Regulation (EU) No 472/2013 of the European Parliament and of the Council of 21 May 2013 on the strengthening of economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulties with respect to their financial stability (OJ L 140, 27.5.2013, p. 1).
Amendment 34 #
Proposal for a regulation
Recital 7
Recital 7
(7) The Council Recommendation providing country-specific guidance on the objectives of reforms and investment in Member States whose currency is the euro, adopted by qualified majority, should be based on a Commission recommendation. This process should be without prejudice to the voluntary nature of participation of Member States whose currency is the euro in the budgetary instrument for convergence and competitiveness, and without prejudice to the Commission’s prerogatives as regards its implementation. The orientation must be in coherence with the overall Union policies.
Amendment 35 #
Proposal for a regulation
Recital 8
Recital 8
(8) Within the governance framework set out in this Regulation, the Council, after having heard the relevant Committee within the European Parliament, should set out the strategic orientations for the euro area as a whole and provide country- specific guidance on the objectives of reform and investment packages of the individual Member States whose currency is the euro. The governance framework should also make sure that the instrument is coherent with other Union policies. As it would be part of the Union budget, it must be in coherence with the overall Union policies and satisfy budgetary principles and requirements in terms of sound financial management, budgetary control and parliamentary accountability. The Commission implements the Union’s budget under Article 317 TFEU, which includes the management of spending programmes. The Commission responsibilities with regard to the budgetary instrument for convergence and competitiveness [within the Reform Support Programme] under Regulation (EU) XXXX/XX should not be affected.
Amendment 40 #
Proposal for a regulation
Recital 10
Recital 10
(10) In order to enhance the dialogue between the Union institutions, in particular between the European Parliament, the Council and the Commission, and to ensure greater transparency and accountability in that economic dialogue, the competent committee of the European Parliament can invite the President of the Council, the Commission and, where appropriate, the President of the Eurogroup and the Union's Finance Minister to appear before the committee to discuss the measures taken pursuant to this Regulation. The use of the instrument must be in coherence with the overall Union policies and satisfy budgetary principles and requirements in terms of sound financial management, budgetary control and parliamentary accountability.
Amendment 57 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. On a recommendation from the Commission and after discussion in the Eurogrouphaving heard the European Parliament, the Council shall establish, as part of the euro-area recommendation and on an annual basis, the strategic orientations for the reform and investment priorities of the euro area.
Amendment 62 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. The Council shall, on a recommendation from the Commission, and after having heard the European Parliament, adopt a recommendation addressed to all Member States whose currency is the euro providing, on an annual basis, country- specific guidance on the reform and investment objectives for the purposes of the reform and investment packages, which Member States may subsequently submit under Regulation (EU) XXXX/XX [Reform Support Programme Regulation].
Amendment 67 #
Proposal for a regulation
Article 8 – paragraph 1
Article 8 – paragraph 1
In order to enhance the dialogue between the Union institutions, in particular the European Parliament, the Council and the Commission, and to ensure greater transparency and accountability, the competent committee of the European Parliament may invite the President of the Council, the Commission and, where appropriate, the President of the Eurogroup and the Union's Finance Minister to appear before the committee to discuss the measures taken pursuant to this Regulation.