Activities of Eugen JURZYCA 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 (7)
Amendment 2 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas reference values of 3 % for the ratio of the government deficit to GDP and 60 % for the ratio of government debt to GDP are enshrined in the Protocol No 12 on the excessive deficit procedure annexed to the TFEU;
Amendment 3 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
Bb. whereas adoption of euro as a national currency, after meeting the convergence criteria, shall be a sovereign decision of each Member State;
Amendment 4 #
Motion for a resolution
Recital D
Recital D
D. whereas, based on common practice and as has been done several times in the past, for the purpose of assessing the price stability criterion, the Commission excludes from the best-performing countries those whose inflation rates could not be seen as a meaningful benchmark for other Member States, and has therefore excluded two Member States as the best performers from the assessment; whereas data observations from all euro area Member States shall be included in the assessment analysis as they represent data of proper members of the monetary union;
Amendment 11 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines that, notwithstanding the difficult 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; notes that Croatian ratio of government debt to GDP has exceeded 60 % since 2011; welcomes therefore the sustained efforts undertaken by the Croatian Government in this regard; encourages Croatia to continue along a path of comprehensive fiscal consolidation;
Amendment 13 #
5a. Is concerned that academical research suggests that many euro area members would have been better off in terms of their economic development had they not adopted euro 1a 1b 1c; regrets in this regard the poor enforcement of the EU fiscal rules before the COVID-19 pandemic which were designed to encourage sound public finances and limit the fiscal misconduct within euro area; ___________________ 1aGabriel, Ricardo Duque and Pessoa, Ana Sofia, University of Bonn, Adopting the Euro: A Synthetic Control Approach (December 1, 2020). 1bVerstegen, L., van Groezen, B., & Meijdam, L. (2017), Tilburg University. Benefits of EMU Participation: Estimates using the Synthetic Control Method. 1c Alessandro Gasparotti and Matthias Kullas (2019), cep: 20 Years of the Euro: Winners and Losers.
Amendment 14 #
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Stresses that any intended reform of fiscal framework requires unambiguous enforcement of fiscal rules by the Commission to ensure successful implementation by the Member States;
Amendment 15 #
Motion for a resolution
Paragraph 5 c (new)
Paragraph 5 c (new)
5c. Asks the ECB to develop a complex impact assessment on the expected consequences of the euro adoption benefits, costs, risks and challenges for every Member State outside of euro area with quantifiable and comparable indicators;