19 Amendments of Olivier CHASTEL related to 2021/2063(INI)
Amendment 4 #
Motion for a resolution
Citation 7
Citation 7
— having regard to Articles 123, 125, 127(1) and (2), 130 and 284(3) of the Treaty on the Functioning of the European Union (TFEU),
Amendment 14 #
Motion for a resolution
Citation 11 a (new)
Citation 11 a (new)
— having regard to the ECB's study "The use of cash by Households in the euro area" published in November 2017,
Amendment 15 #
Motion for a resolution
Citation 11 b (new)
Citation 11 b (new)
— having regard to the ECB's study "Inflation measurement and its assessment in the ECB’s monetary policy strategy review" published in September 2021,
Amendment 87 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Is deeply concerned about the unprecedented healthcare, social and economic crisis caused by the COVID-19 pandemic, resulting in a sharp contraction of the euro area economy, a sharp increase in economic and social inequalities, and rapidly deteriorating labour market conditions; is especially concerned about the effect that the COVID-19 pandemic had on SMEs; notes that euro area activity is expected to rebound, although the speed, scale and evenness of the rebound remains highly uncertain;
Amendment 117 #
Motion for a resolution
Paragraph 7
Paragraph 7
Amendment 176 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. NotWelcomes the ECB’s decision on a new symmetric inflation target of 2 % over the medium term and its commitment to maintain a persistently accommodative monetary policy stance in order to meet its inflation target; notes with concern that inflation rose to a decade-high 3.4 % in August 2021September 2021, ranging from 0.6 % to 6.4 % in the different member states; calls on the ECB to evaluate and address this upward trend and its consequences morevery attentively;
Amendment 189 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. NotWelcomes the ECB’s decision to include the costs related to owner-occupied housing in the HICP to better represent the inflation rate that is relevant for households;
Amendment 192 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Takes note of potential HICP measurement biases including the Quality Adjustment bias; invites the ECB to provide more transparency about the Quality Adjustments in different Member States and their effects on the measured inflation;
Amendment 197 #
Motion for a resolution
Paragraph 13 c (new)
Paragraph 13 c (new)
13 c. Asks the ECB to monitor the proportionality of quantitative easing to the risks in its balance sheets, asset price inflation and the potential misallocation of resources;
Amendment 209 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Welcomes the ECB's efforts to monitor and reduce ist Environmental Footprint;
Amendment 215 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Agrees with the ECB that tackling the climate emergency touches not only upon its secondary but also upon its primary mandate, given that climate change and its consequences pose a threat to price stability; notes that the results of the ECB first climate stress test indicate that without strong measures, the EUGDP could be 10% lower in 2100 than it would be with an orderly planned scenario for the green transition; therefore welcomes that the ECB will conduct regular climate stress-tests both at economy-wide and individual banks levels;
Amendment 239 #
Motion for a resolution
Paragraph 17 – point 1 (new)
Paragraph 17 – point 1 (new)
(1) Welcomes the fact that the ECB will create indicators on exposures of financial institutions to climate-related physical risks through their portfolios, including indicators on the carbon footprint;
Amendment 243 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. Welcomes the fact that the ECB will develop macroeconomic modelling and scenario analyses to integrate climate risks into the ECB’s models and assess their impact on potential growth; further welcome that the ECB will conduct scenario analyses regarding transition policies;
Amendment 264 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Welcomes the fact that the ECB is taking steps to incorporate climate-related risks into its collateral framework but warns against delays in its implementation and recommends the ECB also aligns its collateral framework with the Paris Agreement and EU objectives; is concerned about the fact that the ECB continues to rely exclusively on private external credit rating agencies (CRAs) for risk assessment;
Amendment 269 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19 a. Welcomes the fact the ECB is preparing to align its corporate asset purchases with the Paris Agreement and calls on the ECB to clarify the criteria that will be used to do so;
Amendment 304 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Welcomes the ECB’s decision to launch a 24-month investigation phase of a digital euro project; calls on the ECB to effectively address the expectations and concerns raised during the public consultation on a digital euro; insists that this digital Euro must not replace cash as means of payment;
Amendment 306 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Reminds the ECB that Cash Payments are still a very important form of payments, and that it should not further reduce the amount of denominations in circulation;
Amendment 326 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24 a. Expresses concern about the steadily increasing divergence of TARGET2 balances within the ESCB; notes that the interpretation of these divergences is contested;
Amendment 347 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Reiterates that the nomingrets with strong concerns thati onsly 2 of the Executive Board members should be prepared carefully and take a gender- balanced approach, with full transparency and together w25 Members of the ECB's Governing Council are women, despite repeated calls from the European Parliament, and from senior figures in the ECB including iths Parliament, in line with the Treresident Christine Lagarde, to improve gender balance in EU economic and monetary affairs nominatieons;