14 Amendments of Elisa FERREIRA related to 2010/0279(COD)
Amendment 45 #
Proposal for a regulation
Recital 1 b (new)
Recital 1 b (new)
Amendment 66 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
Amendment 89 #
Proposal for a regulation
Recital 6
Recital 6
(6) Enforcement of Regulation (EU) No […/…]4…/2011, setting out the framework for the prevention and correction of macroeconomic imbalances and based on a scoreboard as a tool for early detection of developing imbalances, economic analysis and in-depth reviews should be strengthened by establishing fines for Member States whose currency is the euro in case of repetitive non- compliance with the recommendations to address excessive macroeconomic imbalances. __________________ 4. JO L […] de […], p […]or the obligation to draw up an adequate corrective action plan to address excessive macroeconomic imbalances.
Amendment 103 #
Proposal for a regulation
Recital 8
Recital 8
(8) Repeated failure to comply with Council recommendations in accordance with to Article 7(2) and Article 10(4) of Regulation (EU) No .../2011 after the Council endorsement of a restated or revised action plan with a new deadline, in accordance with Article 10(5a) of that Regulation to address excessive macroeconomic imbalances should, as a rule, be subject to a yearly fine, until the Council establishes that the Member State has taken corrective action to comply with its recommendations.
Amendment 109 #
Proposal for a regulation
Recital 9
Recital 9
(9) Moreover, repeated failure of the Member State to draw up a corrective action plansubject to the excessive imbalance procedure established through Regulation (EU) No .../2010 to draw up a corrective action plan fulfilling the requirements of Article 8 of that regulation and repeated failure to address the Council recommendations in any of such plans should be equally subject to a yearly fine as a rule, until the Council establishes that the Member State has provided a corrective action plan that sufficiently addresses its recommendations.
Amendment 117 #
Proposal for a regulation
Recital 10
Recital 10
(10) To ensure equal treatment between Member States, the fine should be identicalsimilar for all Member States whose currency is the euro and equal toa maximum of 0.,1% of the gross domestic product (GDP) of the Member State concerned in the preceding year depending on the severity of non- compliance with Council or Commission recommendations. If a Member State manipulates financial data, falsifies statistics or provides misleading information, the fine should be equal to 0,5% of the Member State’s GDP.
Amendment 126 #
Proposal for a regulation
Recital 11
Recital 11
(11) The procedure for the application of the fines on the Member States which fail to take effective measures to correct macroeconomic imbalances should be construed in such a way that the application of the fine on those Member States would be the rule and not the exceptfair, efficient and respect the fundamental objectives and the democratic values of the European Union.
Amendment 131 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) The fine should be based on failure to take corrective action within the foreseen deadlines or failure to provide or provide adequate corrective action plans; a fine should therefore not be imposed as a consequence of the mere existence of excessive macroeconomic imbalances imbalances nor as a consequence of the recommended actions undertaken not reducing, in practice, the excessive imbalances.
Amendment 161 #
Proposal for a regulation
Article 1 – paragraph 2 a (new)
Article 1 – paragraph 2 a (new)
2a. In order to share the burden of adjustment between ‘deficit’ and ‘surplus’ countries, this regulation will be implemented across Member States in a symmetrical way.
Amendment 179 #
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – point 1
Article 3 – paragraph 1 – subparagraph 1 – point 1
(1) two successivea deadlines haves been set in accordance with Articles 7(2) and 10(4) of Regulation (EU) No […/…]2011, and the Council thereafter concludes, after the Council endorsement of a restated or revised action plan with a new deadline, in accordance with Article 10(45a) of that Regulation that the Member State concerned has still nonot yet taken the recommended corrective action, or if
Amendment 184 #
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – point 2
Article 3 – paragraph 1 – subparagraph 1 – point 2
(2) two successivea deadlines haves been set in accordance with Articles 8(1) and 8(2) of Regulation (EU) No […/…]2011, and the Council thereafter concludes in accordance with Article 8(2) of that Regulation that the Member State concerned has again submitted an infailed to submit a sufficient corrective action plan, after being invited to amend its initial corrective action plan and given a new deadline.
Amendment 206 #
Proposal for a regulation
Article 3 – paragraph 3
Article 3 – paragraph 3
3. By derogation from paragraph 2, the Commission may, on grounds of exceptional economic circumstances , or following a reasoned request by the Member State concerned addressed to the Commission or in order to take into account any cumulative effect of sanctions imposed in accordance with Regulation (EU) No …/2011 on speeding up and clarifying the implementation of the excessive deficit procedure and Regulation (EU) No …/2011 on the effective enforcement of budgetary surveillance in the euro area, within ten days of adoption of the Council concludecisions referred to in paragraph 1, propose to reduce the amount of the fine or to cancel it.
Amendment 210 #
Proposal for a regulation
Article 3 – paragraph 3 a (new)
Article 3 – paragraph 3 a (new)
3a. The total yearly amount of fines imposed on a Member State in the context of an Excessive Deficit Procedure added to those due in the context of an Excessive Imbalances Procedure, shall not exceed 0,3% of its GDP except in cases of fines imposed for reasons stated in paragraph 4a of Regulation (EU) No […/…]
Amendment 226 #
Proposal for a regulation
Article 3 – paragraph 4 b (new)
Article 3 – paragraph 4 b (new)
4 b. In the event that a Member State manipulates financial data, falsifies statistics or provides misleading information, the Council, acting on a proposal from the Commission, may adopt a decision requiring the Member State to pay a fine. Such a fine shall be a one-off payment of 0,5% of the GDP of the Member State concerned in the preceding year. The Council may amend the Commission’s proposal in accordance with Article 293(1) TFEU.