9 Amendments of Manon AUBRY related to 2019/2129(INI)
Amendment 166 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Underlines that very low or negative interest rates offer, despite some short- term positive effects, do not work sufficiently well in offering opportunities to all consumers, workers and borrowers, who can benefit from stronger economic momentum, lower unemployment and lower borrowing costsas the richest of the population are the ones more likely to benefit from lower borrowing costs thus boosting wealth inequality;
Amendment 192 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. Encourages the ECB to look into alternative monetary policy tools such as direct transfers to households; calls on the ECB and tasks the ECON Committee to carry out studies aimed at investigating the potential economic effectiveness of direct transfers in comparison with quantitative easing;
Amendment 204 #
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, with full respect for its mandate and its independence; believes that environmental protection should be prioritised among the secondary objectives of the ECB as specified in Art. 127 TFEU and Art. 3 TEU;
Amendment 210 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
11b. Calls on the ECB to complement the EU’s climate efforts by increasing its purchase of EIB-issued green bonds, given the EIB commitment to align all its operations with the Paris Agreement by end 2020 and to dedicate 50% of its support to climate action and environmental sustainability by 2025 and the new Commission proposal to turn the EIB into a European Climate Bank;
Amendment 218 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
Amendment 223 #
Motion for a resolution
Paragraph 12 b (new)
Paragraph 12 b (new)
12b. Calls on the ECB to prepare for the incorporation of the EU sustainable finance and investments (taxonomy) in its policies and to revise its implementation of the principle of market neutrality accordingly, based on Christine Lagarde’s declaration of 4 September;
Amendment 274 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Agrees with Christine Lagarde that a review of the ECB’s monetary policy framework is timely and warranted in order to ensure that the ECB has the right tools to deliver on its price stability mandate in the future; calls on the ECB to organise a public consultation as part of this process in order to ensure that the review is open to input and feedback from a broad range of diverse civil society stakeholders; tasks ECON Committee to carry out its own- initiative report on the topic;
Amendment 277 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Welcomes the fact that since 2017 the ECB has been publishing the full list of all CSPP holdings, including the names of issuers, together with aggregated data on those holdings by country, risk, rating and sector; deplores that a similar policy has not been implemented with regard to ABSPP and CBPP3; reiterates that more transparency is required, in particular for CBPP3, given the significant size of the programme;
Amendment 284 #
Motion for a resolution
Paragraph 18 b (new)
Paragraph 18 b (new)
18b. Regrets that the ECB has not yet included Greek bonds in the PSPP despite Greece’s improvements in terms of debt sustainability and re-accession to bonds markets; calls on the ECB to justify why a debt sustainability analysis of the Greek bonds -precondition for inclusion of bonds in QE- has not yet been carried out by the ECB;