Activities of Margarida MARQUES related to 2022/0179(NLE)
Plenary speeches (1)
Adoption by Croatia of the euro on 1 January 2023 (debate)
Shadow reports (1)
REPORT on the proposal for a Council decision on the adoption by Croatia of the euro on 1 January 2023
Amendments (9)
Amendment 6 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes that Croatia fulfils theall the accession criteria as a result of ambitious, determined, credible and sustainable efforts by the Croatian Government and the Croatian people;
Amendment 7 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Welcomes the accession of Croatia to the euro area as it represents a strong political signal for Europe. It´s the first EU integration process since Brexit. It reinforces the image and attractiveness of the single currency in the EU and at the global stage, as well as it enhances the European resilience and unity. As the first Western Balkan euro area member, Croatia´s successful accession and deeper integration in the EU is likely to increase the EU´s image, credibility and attractiveness in the region and the EU as a whole.
Amendment 8 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Highlights, that adopting the euro will strengthen Croatia’s economy and benefit its people and companies, as it will make the country´s economy more resilient, attract more foreign investment, increase the confidence of international investors and cut down currency exchanges, that will have a relevant effect in the country´s vital tourism sector;
Amendment 9 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes that the positive assessments of the Commission and the ECB have taken place against the background of a, longer than initially expected, COVID-19 shock and the subsequent economic recovery in 2021; notes, however, that Russia's unprovoked and illegal invasion of Ukraine which began on 24 February 2022 had a limited impact on the historical data used to prepare the convergence reports; is convinced, therefore, of the full readiness of Croatia to adopt the euro as from 1 January 2023;
Amendment 10 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Considers that despite fulfilling all the convergence criteria, the recent deterioration of several key indicators, due to the current circumstances, used in the convergence reports, demands a reflection on how the full implementation of the current framework and criteria for accession during extraordinary crisis, like COVID-19 pandemic or the Russian invasion of Ukraine, or future crisis with large asymmetric shocks still applies;
Amendment 12 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines that, notwithstanding the difficult socio-economic situation generated by the health crisis and the most recent increase in energy prices, Croatia’s introduction of the euro and the fulfilment of the necessary criteria represent a strong political signal of the viability and attractiveness of the single currency of the Union; welcomes therefore the sustained efforts undertaken by the Croatian Government in this regard;
Amendment 16 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes Croatian government’s work on strengthening Croatia’s institutional capacity, efforts to improve the business environment, and the effective and efficient implementation of structural reforms that contribute to economic growthsustainable and inclusive economic growth. Calls on Croatian authorities to continue strengthening the institutional framework to ensure regulatory quality, support the social welfare sector and prevent corruption;
Amendment 19 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Highlights that the convergence in banking supervision contributes to safeguarding financial stability by ensuring the application of uniform supervisory standards; highlights furthermore, that joining the Single Supervisory Mechanism (SSM) of the Banking Union via close cooperation with the ECB proved to be a successful framework for the accession process and a blueprint for the future; reflects, in this regard, that lessons for future crises could be drawn as Croatia´s accession process was marked by two major disruptive events such as the Covid-19 pandemic and the Russian invasion of Ukraine;
Amendment 20 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Calls for the swift and effective implementation of reforms and investments of Croatia´s Recovery and Resilience Plan to boost sustainable and inclusive growth, to contribute to economic and social cohesion, and to tackle key socio-economic and institutional challenges;