22 Amendments of Olivier CHASTEL related to 2020/2078(INI)
Amendment 9 #
Motion for a resolution
Citation 29 a (new)
Citation 29 a (new)
- having regard to the Parliament’s resolution on a comprehensive Union policy on preventing money laundering and terrorist financing – the Commission’s Action Plan and other recent developments (B9-0207/2020)
Amendment 10 #
Motion for a resolution
Citation 29 a (new)
Citation 29 a (new)
- having regard to the European Fiscal Boards’ Assessment of the fiscal stance appropriate for the euro area in 2021 of 1 July 2020
Amendment 11 #
Motion for a resolution
Citation 29 b (new)
Citation 29 b (new)
- having regard to the Parliament’s resolution of 6 February 2017 on improving the functioning of the European Union building on the potential of the Lisbon Treaty (P8_TA(2017)0049)
Amendment 12 #
Motion for a resolution
Citation 29 b (new)
Citation 29 b (new)
- having regard to the Commission’s communication on Economic governance review of 5 February 2020 (COM(2020)55)
Amendment 13 #
Motion for a resolution
Citation 29 c (new)
Citation 29 c (new)
- having regard to the Commission’s Communication of 6December 2017 Further Steps Towards Completing Europe’s Economic and Monetary Union: A Roadmap (COM(2017) 821)
Amendment 30 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas effective structural reforms, accompanied by well-targeted investments and responsible fiscal policies provide a successful compass for preparing the EU for its future and present challenges such as strengthening competitiveness while transitioning to a low carbon economy, the digitalization of our societies, the development of research & innovation, the growth of the labour market based on high quality jobs skills and continuing professional training;
Amendment 42 #
Motion for a resolution
Recital C b (new)
Recital C b (new)
Cb. whereas Council, Commission and Eurogroup accountability to the European Parliament throughout all the stages of the European Semester process is warranted for democratic legitimacy and transparency;
Amendment 44 #
Motion for a resolution
Recital C c (new)
Recital C c (new)
Cc. whereas in 2019 only 5.7% of country specific recommendations have been fully implemented by Member States, 45.9 % have made at least some progress but 48.4% have not been implemented or only with limited progress;
Amendment 57 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes with great concern that, according to the Commission’s Spring 2020 economic forecast, the EU is expected to suffer the deepest recession in its history in 2020 and the euro area GDP will not return to the pre-crisis level before 2022;
Amendment 77 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Notes that governments have adopted more than 4% of euro area GDP in discretionary fiscal measures in 2020 and is of the opinion that these measures will have to be continued also in 2021. Notes that the Next Generation EU initiative may provide an additional fiscal stimulus to European economies of around 1% of GDP over the period of next four years.
Amendment 109 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the swift and strong response to the crisis in the area of monetary and fiscal policy, at both EU and Member State level, as well as the European Recovery Plan; considers it essential that the recovery package is fully aligned with the EU’s new growth strategy, i.e. in accordance with the principles of the European Green Deal (EGD), the European Pillar of Social Rights (EPSR) and the United Nations Sustainable Development Goals (SDGs), and with the aim to protect women’s rights and achieve gender equality; demands that funds and resources be directed to projects and beneficiaries that comply with our Treaty-based fundamental values and that recipient firms protect their workers, pay their fair share of taxes, and that firms who are recipients of public money in the framework of the COVID 19 crisis refrain from paying out dividends or offering share buy-back schemes aimed at remunerating shareholders;
Amendment 117 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the activation of the general escape clause of the Stability and Growth Pact, and expects that it will remain activated at least until the end of 2021 in order to support the efforts of the Member States to recover from the pandemic crisis and strengthen their economic and social resilience; in the event of a severe economic downturn; notes that for greater effectiveness and credibility, the activation should have provided indications on the timing of and conditions for exit or review and asks the Commission to provide them, based on economic data and output; expects that it will remain activated until the European economy returns to the pre- crisis level of real GDP in order to support the efforts of the Member States to recover from the pandemic crisis and strengthen their economic and social resilience; Calls for a review of the Stability and Growth Pact following of the Covid-19 crisis, to further enable an adequate response to crises while ensuring debt sustainability in the euro area, simplifying its rules and procedures, and improving compliance with them.
Amendment 139 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Recalls the urgent need to complete and reinforce the EMU architecture with a view to protecting citizens and reducing pressure on public finances during external shocks so as to overcome social and economic imbalances, by completing the Banking Union and the Capital Markets Union, by creating a fiscal capacity for the euro area, a macroeconomic stabilisation and cohesion function for the euro area, and a European unemployment benefit reinsurance scheme; in order to respond to citizens’ expectations;
Amendment 152 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes the conclusion of the European Fiscal Board (EFB)9 that the fiscal framework has to be revised, and is convinced that the deep economic crisis triggered by the pandemic further exacerbates this need; believes that the review and reform have to meet the above requirements in terms of increasing investment relating to climate change and digitalisation and stabilising the new level of investment, while ensuring sound and sustainable budgetary management; _________________ 9EFB Annual report 2019, p. 71 - https:/ec.europa.eu/info/sites/infos/files/20 19-efb-annual-report_en.pdf
Amendment 161 #
9. Is concerned about the significant but uneven negative impact of the COVID- 19 crisis on government deficit and private debt throughout the euro area, which further aggravates the situation of Member States that are particularly affected by the pandemic and/or pre- existing high levels of government debt; calls for a solution that guarantees the sustainability of public debt;
Amendment 195 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Proposes a combination ofthat expenditure rules for public non- investment expenditure and a golden rule for public investment which is central to bothtake into account the need to protect and foster growth-enhancing public investment; wishes to see a rapid recovery from the COVID-19 crisis and a transition to a cleaner, socially sustainable and more digital society;
Amendment 203 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Welcomes the refocus of the European Semester Spring Package aimed at providing an immediate economic policy response to tackle and mitigate the health and socio-economic impact of COVID-19 and reboot economic activity; supports the Commission’s announcement of a reform of the European Semester to convert it into a tool to coordinate the recovery measures, framed by the principles of the EGD, the EPSR and the SDGs; is convinced that this has to include the coordination of measures concerning state aid and tax policies; underlines the need for the integration of a new set of binding sustainability and wellbeing indicators and alternative measurements of growth performance; x policies; is also convinced that the reform must extend, without weakening the current EU economic governance process, the European Semester by complementing the current approach, based on fiscal and budgetary discipline, with climate and environmental discipline; calls, therefore, on the Commission to develop a new climate indicator, mirroring the economic indicators, to assess the discrepancy between the structure of Member States’ budgets and Paris-aligned scenario for each of their national budgets; stresses the need for this indicator to provide Member States with an indication on their temperature trajectory within the framework of the Paris Agreement, thus enabling the extended European Semester to provide recommendations on the decrease of their climate debt;
Amendment 237 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Reiterates its call for the strengthening of Parliament’s democratic role in the economic governance framework, in any upcoming Treaty change and, in the meantime, for an Interinstcluding the policy recommendations presented in the Annual Sustainable Growth Survey, the euro area fiscal package and the Country Specific Recommendations; Notes that the President of the Council, the Commission, the President of the European Council or the President of the Eurogroup may be invited to appear before the competent Committee of the European Parliament to provide information and exchange views on an ad hoc and regular basis if the current political situational Agreement on Sustainable European G warrants it; Invites the Commission to keep both European Parliament and the Council as co-legislators equally well informed on all aspects relating to the application of the EU economic governance gfranting Parliament a right of consmework, including on preparatory stages and in view of any proposals to reform or enhance; Invites, in the interim, and in order to increase transparency and democratic control of the EU economic governance framework, the Commission, the President of the Eurogroup and the President onf the policy recommendations presented in the Annual Sustainable Growth Survey, the euro area fiscal package and the Country Specific Recommendations; Council (ECOFIN) to appear in front of the competent Committee of the European Parliament, for Economic Dialogues, during the various stages of the application and implementation of the EU economic governance framework; welcomes the commitments of the Eurogroup President to increase the transparency of the Eurogroup and therefore invites the President of the Eurogroup to appear at least twice for a regular dialogue in the competent Committee of the Parliament and if needed on an ad hoc basis; Recognises the importance of the involvement of the Eurogroup President in interparliamentary meetings on matters related to EU economic governance and the banking union;
Amendment 252 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Welcomes the Commission’s Action plan for a comprehensive Union policy on preventing money laundering and terrorism financing and calls for an ambitious legislative proposal with enforced European level supervision, competences and resources, as detailed in Parliament’s resolution B9-0207/2020;
Amendment 255 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Invites the Commission to explore new policies suggested by international institutions that support and contribute to financing a just transition and sustainable growth, as well as aiming to restore Member States’ public finances; calls for the newEU leaders and the Commission to take bold decisions to urgently put in place a basket of new own resources to include income stemming from EU policies favouring both the implementation of environmental protection and the preservation of a fair single market; recalls that these own resources need to be put in place as quickly as possible, and at least as of 2021, and to be permanent; underlines that all financing for the EU Recovery Instrument must be financed on top of existing and upcoming EU policies and must not affect the long-term priorities of the Union and its strategic objectives, nor result in smaller MFFs;
Amendment 273 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Recalls the urgent need to complete and reinforce the EMU architecture with a view to protecting citizens and reducing pressure on public finances during external shocks so as to overcome social and economic imbalances, by creating a fiscal capacity for public investment, a macroeconomic stabilisation and cohesion function for the euro area,ompleting the Banking Union and the Capital Markets Union and advancing towards a credible central fiscal capacity and a European unemployment benefit reinsurance scheme;
Amendment 275 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. In order to deepen the Economic and Monetary Union and to reinforce its democratic responsibility the role of European Minister of Economy and Finance should be created, in line with the Commission Communication of 6 December 2017, Further Steps Towards Completing Europe’s Economic and Monetary Union: A Roadmap, concerning a European Minister of Economy and Finance, as well as the Parliament resolution of 16 February 2017 on improving the functioning of the European Union building on the potential of the Lisbon Treaty; the European Minister of Economy and Finance would be a member of the Commission and would be President of the Eurogroup and the Governing Council of the European Stability Mechanism, the Minister would be accountable in front of the European Parliament, in a Euro Area format and an enlarged format, the Minister would play an active role in establishing the strategic orientations of the Euro Area and would participate in the Economic Dialogue, as foreseen in the current regulation;