24 Amendments of Olivier CHASTEL related to 2022/2150(INI)
Amendment 1 #
Motion for a resolution
Citation 3 a (new)
Citation 3 a (new)
— having regard to Protocol No 12 to the TEU and TFEU on the excessive deficit procedure,
Amendment 6 #
Motion for a resolution
Citation 32 a (new)
Citation 32 a (new)
— having regard to the paper of the International Monetary Fund of September 2022 entitled ‘Reforming the EU Fiscal Framework: Strengthening the Fiscal Rules and Institutions’,
Amendment 9 #
Draft opinion
Paragraph 2
Paragraph 2
2. Welcomes the robustness of the labour market; highlights the stabilising effect of national short-time work schemes supported by the European instrument for temporary support to mitigate unemployment risks in an emergency (SURE); welcomes the fact that the recovery and resilience facility is mitigating those consequences and contributing to the Union’s competitive sustainability; stresses that its successful implementation requires the completion of milestones and targets, in particular compliance with the rule of law and the general regime of conditionality, to be monitored transparently and thoroughly; calls the EU Institutions to learn the lessons from the RRF & SURE, in terms of policy coordination but also the positive impact they had on European economy; welcomes the Commission’s proposal to include a REPowerEU chapter in the national recovery and resilience plans; insists that the financing of REPowerEU must not divert resources away from other EU priorities;
Amendment 22 #
Draft opinion
Paragraph 3 – point 1 (new)
Paragraph 3 – point 1 (new)
(1) calls the EU Members States to align their national budget to the objectives set in the Paris agreement;
Amendment 26 #
Draft opinion
Paragraph 4
Paragraph 4
4. Is concerned at the economic impact of the aforementioned crises on the Union and on national budgets; stresses that crisis response has led Member States to adopt extensive economic measures; highlights the long-term impact ofstresses that Union borrowing should not increase further as long as thesre measures on economic sustainability, but considers that it should be possible to return to a state of economic discipline in the long run; is also concerned at the Union’s increasing debt repayment obligations if not appropriately handled; stresses that Union borrowing should not increase further as long as there are no new own resources to cater for debt repaymentare no new own resources to cater for debt repayment; recalls that the design of NextGenerationEU requires debt repayment through the introduction of a basket of new own resources of the EU budget; welcomes the ratification of the Own Resources Decision by all Member States; calls on the Commission and the Council to respect in full the timeline for the introduction of new Own Resources included in the legally-binding roadmap as agreed in the Interinstitutional Agreement so that the debt can be serviced in a budgetary-neutral manner for Member States.
Amendment 31 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
D a. whereas according to the Commission’s autumn forecast, government deficit is expected to increase up to 3.6 % of GDP in 2023 (3.7 % in the euro area) and to decrease to 3.2 % of GDP (3.3 % in the euro area) by 2024;
Amendment 62 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses that while the primary objective of the European Central Bank (ECB) is to maintain price stability, the primary objective of the Union as a wholeUnion should beaim to minimise the impact of current turbulences on the real economy, thereby defending the wellbeing of its citizens and preserving its production structure and the international competitiveness of its companies; underlines, in this regard, the importance of adequate and coordinated fiscal, structural and regulatory policies that complement the ECB’s monetary policy actions, which are also capable of supporting household incomes and providing targeted support to companies and SMEs suffering from supply bottlenecks and high energy costs;
Amendment 88 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls that the European Semester is a well-the established framework for coordinating the budgetary, economic, social and employment policies across the European Union;
Amendment 92 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Recalls the close link between the European Semester and the implementation of the RRF, whereby the national recovery and resilience plans (NRRPs) are expected to contribute effectively to addressing all or a significant subset of the challenges identified in the relevant country-specific recommendations addressed to each Member State in the context of the European Semester; calls in that regard for an efficient monitoring of the implementation of the country-specific recommendations and the relevant reforms;
Amendment 101 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Highlights the key role being played by the NRRPs in driving the Member States’ reform and investment agendas; recallhighlights the importance of green, digital and social reforms in bolstering Member States’ recovery and, future productivity growth and as enablers of investment; stresses the crucial role of green, digital, social and strategic investments in boosting growth;
Amendment 110 #
Motion for a resolution
Paragraph 7 – introductory part
Paragraph 7 – introductory part
7. Underlines the two key features of the RRF which are Welcomes the novel approach embedded in the RRF, ensuring stronger national ownership through the implementation of NRRPs and promoting ambitious national reform and investment agendas; recalls to this end the RRF’s six- pillar structure promoting the twin trinsically linked to its successful implementation: ansition, sustainable growth, competitiveness, social and territorial cohesion, and youth to make EU economies and societies more prosperous, sustainable, inclusive, competitive and resilient;
Amendment 112 #
Motion for a resolution
Paragraph 7 – point a
Paragraph 7 – point a
Amendment 116 #
Motion for a resolution
Paragraph 7 – point b
Paragraph 7 – point b
Amendment 123 #
Motion for a resolution
Paragraph 7 – subparagraph 1
Paragraph 7 – subparagraph 1
Amendment 125 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Welcomes the greater involvement of the European Parliament in the monitoring and scrutiny of the RRF implementation; calls therefore for a closer involvement of the European Parliament in the European Semester;
Amendment 135 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Welcomes the publication of the Commission’s communication on orientations for a reform of the EU economic governance framework; expresses concern about its delay; stresses the need to adopt legislative proposals before time runs out andand implement legislation before the general escape clause is removed and the current legislature comes to an end; calls for the establishment of an economic governance framework with stronger national ownership, more democratic scrutiny and enhanced transparency;
Amendment 151 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Agrees with the Commission’s orientations as regard the simplification ofneed to simplify the framework, differences into ensure that Member States’ debt reduction paths, the use of a comprehensive debt sustainability analysis and the general escape claus are tailored to their economic situation, and to establish escape clauses in case of unforeseen circumstances;
Amendment 165 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Notes the aim to stimulate investment and reforms by allowproviding Member States to have differentwith adjusted debt reduction paths, provided that these enhance growth, and further flexibility in order to enhance growth and avoid procyclicality, as these changes will improve debt sustainability and are in line with the EU’s objectives, in particular those of the green and digital transition and, social resilience, and strategic autonomy;
Amendment 175 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Calls for the establishment of a new tool for reinforcing reforms and investments as proposed by the Commission, in order to promote strategic investments and reforms in areas such as infrastructures, technology or defence;
Amendment 184 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11 b. Welcomes the proposal made by the European Commission for simplifying the Debt Sustainability Assessment (DSA) by removing superfluous indicators and ensuring it is based on clear, common and objective criteria; calls for the adoption of a multi-year benchmark and for the use of the nationally financed net primary expenditure as the single operational indicator;
Amendment 191 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that while monetary policy is conceived and designed as a single instrument, the overall fiscal policy is the result of aggregating 19 individual national fiscal policies; underlines that, apart from the recommendation on the economic policy of the euro area, coordination of actions has thus far been limited and the situation and challenges of the euro area have not been easy to factor in; highlights that it is still largely random if the aggregation of national fiscal policies results in a euro area fiscal stance which is appropriate and consistent with monetary policy; regrets that the Commission’s communication does not encompass rules or instruments that allow for the management of the euro area fiscal stance; believes that better crisis preparedness comes with a stronger budgetary framework;
Amendment 199 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Welcomes that lessons have been learned from the RRF process by promoting more national ownership of ways of putting Member States in charge of designing their own national plans combining fiscal, reform and investment commitments within a common EU framework; greatly regrets that, unlike the RRF, the European Parliament is excluded from defining the overarching goin the design of Member States' national plans, and by focusing on implementing the Union’s environmentals, guidance, criteria for the debt reduction path, investments, reforms and the underlydigital and social objectives withing assumptions on which the comprehensive debt sustainability analysis is based common EU framework; regrets that neither the involvement of national parliaments nor that of, regional and local authorities, as well as national stakeholders and civil society is not mentioned under project design, implementation or subsequent scrutiny, which sets back ownership and democratic accountability;
Amendment 205 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Recalls the importance for the economic governance framework to be subject to democratic accountability; welcomes in that regard the Economic Dialogue as an important step to providing the European Parliament with tools to ensure democratic oversight and accountability; calls for further strengthening the role of the European Parliament in the economic governance framework;
Amendment 206 #
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13 b. Welcomes the decision to enhance the effectiveness and the enforcement of the Macroeconomic Imbalances Procedure (MIP) as part of a larger review of the fiscal rules; calls for making the Alert Mechanism Report (AMR) and the in depth reviews (IDRs) more forward-looking and for increasing the links of the procedure with the fiscal framework;