24 Amendments of Antolín SÁNCHEZ PRESEDO related to 2010/0278(COD)
Amendment 67 #
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2a) The improved economic governance framework should rely on several inter- linked and coherent policies, namely a Union strategy for jobs and smart, sustainable and inclusive growth, a European Semester for strengthened coordination of economic and budgetary policies, an effective framework for preventing and correcting excessive budgetary positions (the Stability and Growth Pact), a robust framework for preventing and correcting macro- economic imbalances, enhanced financial market regulation and supervision (including macro-prudential supervision by the European Systemic Risk Board), a credible permanent financial stability mechanism, a multiannual financial framework and a increased Union budget with new financial and own resources, which should be aimed to improve economic coordination and achieve the objectives of the Union.
Amendment 72 #
Proposal for a regulation
Recital 2 b (new)
Recital 2 b (new)
(2b) The Stability and Growth Pact and the Union's economic governance framework as a whole should complement and be compatible with a Union strategy for jobs and smart and sustainable growth which aims at boosting the Union's competitiveness, environmental responsibility and social progress.
Amendment 73 #
Proposal for a regulation
Recital 2 c (new)
Recital 2 c (new)
(2c) Experience gained during the first decade of functioning of the economic and monetary union shows a need for improved economic governance in the Union, which should be built on a stronger national ownership of commonly agreed rules and policies and on a more robust framework at the Union level for national economic policies.
Amendment 87 #
Proposal for a regulation
Recital 2 d (new)
Recital 2 d (new)
(2d) Strengthening economic governance should go hand in hand with reinforcing the democratic legitimacy of European governance, which should be achieved through the closer and timelier involvement of the European Parliament and national parliaments throughout economic policy coordination.
Amendment 89 #
Proposal for a regulation
Recital 2 e (new)
Recital 2 e (new)
(2e) The European semester for economic and budgetary policies coordination should play a vital role in implementing the requirement under Article 121(1) of the Treaty on the Functioning of the European Union (TFEU) that Member States regard their economic policies as a matter of common concern and coordinate them accordingly. Transparency, independent oversight and multilateral coordinated surveillance are an integral part of enhanced economic governance. The Council and the Commission should make public and set out the reasons for their positions and decisions at appropriate stages of the economic policy coordination procedures.
Amendment 91 #
Proposal for a regulation
Recital 2 f (new)
Recital 2 f (new)
(2f) Without prejudice to their rights and obligations under the TFEU, the Member States whose currency is not the euro should have the right to opt-out from certain provisions of EU legislation in the field of economic governance according to the conditions provided for in each piece of EU legislation.
Amendment 95 #
Proposal for a regulation
Recital 2 g (new)
Recital 2 g (new)
Amendment 111 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) A European Monetary Fund, managed under Union rules and financed in part with the revenues of the fines and the interest earned by the Commission on deposits, should be established in compliance with Article 3(1)(c) and Article 122(2) TFEU in order to safeguard financial stability of the euro area as whole and its Member States. That fund should be based on the decisions taken by the Council of 9 to 10 May 2010 and the Statement by the Euro Group of 28 November 2010.
Amendment 116 #
Proposal for a regulation
Recital 4 b (new)
Recital 4 b (new)
(4b) Eurobonds in the euro area should be established, in compliance with Article 3(1)c, Article 122(2) and Art. 136.1.a TFEU, based on the Community method, with the aim of reinforcing compliance with the Stability and Growth Pact and strengthening the coordination and surveillance of the budgetary discipline.
Amendment 120 #
Proposal for a regulation
Recital 4 c (new)
Recital 4 c (new)
Amendment 122 #
Proposal for a regulation
Recital 4 d (new)
Recital 4 d (new)
(4d) The Union priorities for jobs, smart, sustainable and inclusive growth in Member States respecting the Stability and Growth Pact or having taken corrective measures could be fairly financed through eurobonds.
Amendment 136 #
Proposal for a regulation
Recital 6
Recital 6
(6) PrudentSustainable fiscal policy-making should effectively achieve and maintain the medium-term budgetary objective. Adherence to the medium-term objective for budgetary positions should allow Member States to have a safety margin with respect todeal with normal cyclical fluctuations while keeping the government deficit below the 3 % of GDP reference value for the government deficit, toand ensure rapid progress towards fiscal sustainability, and at the same time to have room for budgetary manoeuvre, in particular taking into account the needs for public investment. Taking this into account, the medium-term budgetary objective should allow room for budgetary manoeuvre, in particular for public investment conducive to the achievement of the Union’s jobs and, smart, sustainable and inclusive growth objectives.
Amendment 151 #
Proposal for a regulation
Recital 10
Recital 10
(10) The size of the interest-bearing deposit, of the non-interest-bearing deposit and of the fine provided for in this Regulation should be set in such a way as to ensure a fair graduation of sanctions in the preventive and corrective parts of the Stability and Growth Pact while avoiding pro-cyclicality and to provide sufficient incentives for the Member States whose currency is the euro to comply with the fiscal framework of the Union. The fine linked to Article 126(11) of the Treaty as specified in Article 12 of Regulation (EC) No 1467/974 is composed of a fixed component that equals 0.2% of GDP and of a variable component. Thus, graduation and equal treatment between Member States are ensured if the interest-bearing deposit, the non-interest-bearing deposit and the fine specified in this Regulation are equal to 0.2% of GDP, the size of the fixed component of the fine linked to Article 126(11) of the Treaty.
Amendment 189 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Regulation sets out a system of incentives and sanctions for enhancing the enforcement of the preventive and corrective parts of the Stability and Growth Pact and strengthening the coordination and surveillance of the budgetary discipline in the euro area.
Amendment 196 #
Proposal for a regulation
Article 1 – paragraph 1 a (new)
Article 1 – paragraph 1 a (new)
1a. In order to enhance the dialogue between the Union institutions, in particular the European Parliament, the Council and the Commission, and the parliaments, governments and other relevant bodies of the Member States, and to ensure greater transparency and accountability, the competent committee of the European Parliament may organise hearings and public debates on macro- economic and budgetary surveillance undertaken by the Council and the Commission.
Amendment 202 #
Proposal for a regulation
Article 2 a (new)
Article 2 a (new)
Amendment 207 #
Proposal for a regulation
Article 2 b (new)
Article 2 b (new)
Article 2b Before three years since the entry into force of the present Regulation, the Commission shall present a proposal establishing a common framework on capital and corporate taxation, including minimum rates, as well as on basic labour and social standards, including equivalent minimum wages and sustainable thresholds for retirement, for Member States of the euro area that may use the incentives described in this Chapter.
Amendment 213 #
Proposal for a regulation
Article 2 c (new)
Article 2 c (new)
Amendment 219 #
Proposal for a regulation
Article -3 (new)
Article -3 (new)
Article -3 All Member States must cooperate closely among each other in the fulfilment of the objectives of the Stability and Growth Pact. Spill over effects of and on national policies shall be taken into account when assessing the sanctions described in this Chapter.
Amendment 226 #
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
1a. The Member State concerned may ask the European Parliament to organise hearings or public debates in its competent committee. Such hearings or public debates shall allow the government of the Member State concerned to make its case in the presence of the Commission and the President of the Euro Group. It will take place within the 10-day deadline referred to in paragraph 1. Representatives, at an appropriate level, of the European Central Bank shall be invited.
Amendment 227 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The interest-bearing deposit to be proposed by the Commission shall amount tobe proportionate to the deviation and its evolution taking into account all the appropriate circumstances. It shall amount to no more than 0.2% of the gross domestic product (GDP) of the Member State concerned using the latest available figures collected by Eurostat for in the preceding year.
Amendment 244 #
Proposal for a regulation
Article 3 – paragraph 5 a (new)
Article 3 – paragraph 5 a (new)
5a. If the Council refuses to consider that the situation has ceased to subsist, the Member State concerned may ask the competent committee in the European Parliament to organise a hearing.
Amendment 245 #
Proposal for a regulation
Article -4 (new)
Article -4 (new)
Article -4 All Member States must cooperate closely among each other in the fulfilment of the objectives of the Stability and Growth Pact. Spill over effects of and on national policies shall be taken into account when assessing the sanctions described in this Chapter.
Amendment 251 #
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. The non-interest-bearing deposit to be proposed by the Commission shall amount to 0.2% of the GDP of the Member State concernedbe proportionate to the deviation and its evolution taking into account all the appropriate circumstances. It shall amount to no more than 0.2% of the GDP of the Member State concerned using the latest available figures collected by Eurostat for in the preceding year.