[ParlTrack]

Motion for a resolution
Paragraph 16

16. Calls for a more integrated macro- prudential policy framework within the monetary policy context, if necessary including differentiated macro-prudential tools in the Union to account for differences between the euro area and non- euro area countries; calls for an analysis of the effectiveness of the new financial supervisory architecture and for an evaluation of the option establishing a single European financial supervisory authority, unifying under its umbrella the current European Supervisory Authorities and the European Systemic Risk Board;

2011/09/08
Committee: ECON

Gunnar HÖKMARK

Motion for a resolution
Paragraph 17

17. Stresses the need for a single European minister of Finance in order to coordinate a basic common fiscal policy that could enhance the effectiveness of the euro; believes that the democratic legitimacy of such a proposal must adequately be addressed; notes in this sense that in a monetary union, fiscal policy does not only concern the Member States and that the present crisis has shown the limits of 100% decentralised fiscal policies;deleted

2011/09/08
Committee: ECON

Gunnar HÖKMARK

Motion for a resolution
Paragraph 18

18. Stresses the need for a single European Treasury to relieve the ECB off its quasi-fiscal role; until that is the case, suggests confining more tasks to the European Stability Mechanism (ESM); regrets that, as it stands, the ESM will not operate under Community rules and did not acquire the right to purchase government bonds on the secondary market as this would have meant a relief for the ECB in the current circumstances;deleted

2011/09/08
Committee: ECON

Gunnar HÖKMARK

Motion for a resolution
Paragraph 20

20. Believes that the introduction of eurosecurities may constitute the necessary fiscal quantum-leap forward that the Union needs at this juncture; welcomes the rapid implementation of the feasibility report promised by the Commission in its declaration XXX;deleted

2011/09/08
Committee: ECON

Gunnar HÖKMARK

Motion for a resolution
Paragraph 20 a (new)

20a. Highlights as its opinion that the solution to Europe's sovereign debt crisis is not to establish new forums for discussion and coordination but to use those decision making bodies we already have to address the underlying problems; considers the consolidation of public finances, better surveillance of financial markets, growth enhancing reforms and the integration of the service economy into the Internal Market as the three most important steps forward in order to make Europe prosper once more;

2011/09/08
Committee: ECON

5 Amendments of Gunnar HÖKMARK related to 2011/2156(INI)

ParlTrack - 2011-2024