20 Amendments of Jean-Marc GERMAIN related to 2024/2112(INI)
Amendment 4 #
Motion for a resolution
Citation 13 a (new)
Citation 13 a (new)
– having regard to Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility(9) (RRF Regulation),
Amendment 5 #
Motion for a resolution
Citation 13 b (new)
Citation 13 b (new)
– having regard to the Interinstitutional Proclamation on the European Pillar of Social Rights of 13 December 2017 and its resolution of 19 January 2017 thereon, to the Commission Action Plan of 4 March 2021 on the implementation of the European Pillar of Social Rights and to the Porto declaration on social affairs adopted by the members of the European Council in May 2021,
Amendment 8 #
Motion for a resolution
Recital A
Recital A
A. whereas the European Semester plays an essential role in coordinating economic and, budgetary, social and employment policies in the Member States;
Amendment 14 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that, in the last few years, the EU has demonstrated a high degree of resilience in the face of major shocks, among other factors, thanks to a coordinated policy response and the positive contribution by NextGenerationEU (NGEU), in particular the Recovery and Resilience Facility (RRF) and the instrument for Support to Mitigate Unemployment Risks in an Emergency (SURE) and in the recovery of EU economies and in macroeconomic stabilisation and resilience across the EU; further recalls that promoting sustainable growth in a sustained manner means promoting responsible fiscal policies, structural and socially just reforms and investments that increase productivity and that make societies more resilient, inclusive and sustainable;
Amendment 24 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Believes that overcoming competitive and geopolitical challenges will require the transfer ofadditional expenditure ato the EU level in certain policy areas related to European public goods to increase the efficiency of overall public expenditure; welcomes the Union’s commitment to increasing its spending efficiency and investments in overalla fair green and digital transition, social and economic resilience, including the European Pillar of Social Rights, energy security and the build-up of defence capabilities to match its needs in the context of rising threats and security challenges;
Amendment 25 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Strongly insists on the introduction of genuine, adequate, and effective new own resources under the next MFF in order to help close the existing investment gap, which is currently bridged by the expiring RRF. The existing investment gap, combined with the need for the Union to remain competitive and resilient, require both the introduction of new own resources and the use of joint borrowing. Therefore calls on the Commission to come forward with additional proposals for genuine new own resources beyond what is currently included in the Commission proposal of June 2023. These measures are essential to address upcoming Union priorities while ensuring Member States' contributions do not need to increase;
Amendment 26 #
Motion for a resolution
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. Cautions the Commission against linking the European Semester and its country-specific recommendations to the allocation of funds from the EU budget;
Amendment 34 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Believes that the European Semester must strengthen its social dimension by embedding social conditionality as a core mechanism, based on the European Pillar of Social Rights, and by ensuring meaningful involvement of stakeholders, in particular social partners;
Amendment 35 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3 b. Underlines that the European Semester process should contribute to the full implementation of the European Pillar of Social Rights, the Social Convergence Framework, the EU’s climate and biodiversity objectives, the EU Gender Equality Strategy as well as the UN Sustainable Development Goals;
Amendment 41 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. RegretNotes the fact that eight Member States have excessive deficits and welcomes remedial action;
Amendment 44 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Affirms that a renewed focus on medium-term net expenditure will require comprehensive investments and reforms of national budgetary planning procedures across the Member States;
Amendment 50 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Laments the fact that only seven Member States have sought an opinion from their relevant independent fiscal institution; regrets that nine Member States did not meet their obligation to conduct political consultations with regional authorities and relevant stakeholders, including social partners, civil society organisations and the business sector, prior to submitting their national plans; further laments the fact that several Member States have not involved their national parliaments in the approval process for the plans and have not reported whether the required consultations with national parliaments took place;
Amendment 51 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Observes that five Member States have requested an extension of the adjustment period; notes that the reforms and investments used to justify this extension rely heavily on reforms already approved under the Recovery and Resilience Facility; believes that some of these investments and reforms do not sufficiently meet the requirement to demonstrate their contributione to potential GDP growth;
Amendment 53 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Agrees with the Eurogroup that, given the macroeconomic outlook for 2025, gradual and sustained fiscal consolidation, as well as increased private and public investments in the euro area continues to be necessary; highlights the need to reduce the high levels of deficit and debt in a way that minimises the impact on growth;
Amendment 54 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Notes that the implementation of the revised governance framework is expected to lead to a contractionary fiscal stance for the euro area as a whole in 2024 and 2025, which is appropriate in light of the macroeconomic outlook and the need to continue to enhance fiscal sustainability and support the ongoing disinflationary process; highlights that any contraction should not come at the expense of investment, which should be increased across the Union;
Amendment 57 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Considers that the rigorous application of the fiscal rules themselves is not a sufficient condition for achieving an optimal fiscal stance at all times; calls on the Commission and the Council to propose a mechanismexplore ideas, including the possibility of a central fiscal capacity for the Union, that helps ensure that the cyclical position for the EU as a whole is at all times appropriate to the macroeconomic outlookready to adopt countercyclical measures appropriate to the macroeconomic outlook and to be able to quickly react to unforeseen events and their social and economic effects, as well as finance EU strategic priorities;
Amendment 60 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18 a. Shares the view that the 2025 country-specific recommendations must also serve to promote sound and inclusive economic growth, enhance competitiveness and macroeconomic stability, promote the green and digital transitions and ensure social and inter- generational fairness;
Amendment 66 #
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 68 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20 a. Emphasises the role of the European Parliament in the EU’s economic governance framework and advocates for an increased engagement of the European Parliament in the European Semester, while fully respecting the competences established by the Treaties;
Amendment 69 #
Motion for a resolution
Paragraph 20 b (new)
Paragraph 20 b (new)
20 b. Emphasises that many country- specific recommendations are consistent with those proposed in the Draghi and Letta reports, in that they call for significantly increased investment to remain competitive;