55 Amendments of Elisa FERREIRA related to 2010/2099(INI)
Amendment 1 #
Motion for a resolution
Citation 3
Citation 3
having regard to Articles 121, 126, 136, 138, 148 and 352 of the Treaty on the Functioning of the European Union and the Protocols (No 12) on Excessive Deficit Procedure and (No 14) on the Euro Group, annexed to the Treaty on European Union and to the Treaty on the Functioning of the European Union,
Amendment 2 #
Motion for a resolution
Citation 4
Citation 4
having regard to the Commission Communications of 12 May 2010 on Reinforcing economic policy coordination (COM(2010)0250), and 30 June on Enhancing economic policy coordination for stability, growth and jobs – Tools for stronger EU economic governance COM(2010) 367/2,
Amendment 21 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
C a. whereas a stronger involvement of the social partners at national and European level will contribute to a better ownership in the implementation of economic governance and the overall Europe 2020 Strategy;
Amendment 31 #
Motion for a resolution
Recital D
Recital D
D. whereas labour, knowledge, capital and innovations have a tendency to migrate to certain regions, and EU financial solidarity mechanisms need to be further developed focusing, in particular, on research and development and education,
Amendment 43 #
Motion for a resolution
Recital F
Recital F
F. whereas a fair balance between investments in sustainable, job-creating growth and the prevention of excessive deficits over the economic cycle, in line with Union-level commitments and guidelines, need to be persued,
Amendment 52 #
Motion for a resolution
Recital G
Recital G
G. whereas competitiveness divergences and current-account imbalances within the euro area increased steadily during the pre- crisis years and have largely persistincreased throughout the crisis,
Amendment 62 #
Motion for a resolution
Recital J a (new)
Recital J a (new)
J a. whereas preventive macroeconomic surveillance should be based on both Article 121 and Article 148 TFEU,
Amendment 63 #
Motion for a resolution
Recital J a (new)
Recital J a (new)
J a. whereas any eventual penalties associated with breaching of SGP targets must result from either insufficient will to comply or fraud and never from incapacity to comply due to reasons beyond the Member State´s capacity,
Amendment 76 #
Motion for a resolution
Recital N a (new)
Recital N a (new)
N a. whereas the SGP´s targets must be compatible not only with the EU2020 strategy,but also with other compromises concerning expenditure on development aid, R&D, environment, education and poverty erradication.
Amendment 82 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – introductory part
Annex 1 – heading 1 – paragraph 1 – introductory part
The legislative act should take the form of regulation(s) on multilateral surveillance of economic policies and developments based on Article 121(6) amending Regulation (EC) No 1466/97 on the preventive arm of the Stability and Growth Pact and complementing it with a new regulation aiming at establishing a rule-based and transparent surveillance framework for both excessive imbalances, spill-over effects and competitiveness developments:
Amendment 84 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 1
Annex 1 – heading 1 – paragraph 1 – indent 1
– Define the scope of the multilateral surveillance based on TFEU instruments and assessments by the Commission aiming at preventing excessive macro- economic imbalances, unsustainable fiscal and other policies, addressing financial stability and, long-term investment and sustainable growth concerns in accordance with the objectives of the Europe 2020 strategy; strengthen the European Parliament's role as well as the invovlement of all other stakeholders in the governance of this surveillance,
Amendment 85 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 1
Annex 1 – heading 1 – paragraph 1 – indent 1
– Define the scope of the multilateral surveillance based on TFEU instruments and assessments by the Commission (Art.121 and 121.5 and 121.6) in order to include a "Growth and Employment Pact" under the same legal framework of the existing instruments aiming at preventing excessive macro- economic imbalances, unsustainable fiscal and other policies, addressing financial stability and growth concerns in accordance with the objectives of the Europe 2020 strategy,
Amendment 89 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 2
Annex 1 – heading 1 – paragraph 1 – indent 2
– Establish an enhanced analytical surveillance framework (including a scoreboard with specific trigger values for early warning) with appropriate methodological tools and transparency for an effective multilateral surveillance based on key economic indicators (real and nominal), which may affect competitiveness positions, including, but not limited to, growth rate, composition of the national GDP, employment and poverty rate, real exchange rate developments, labour cost developments, current account/balance of payments developments, credit growth, capital formation and inflows, productivity developments, and asset markets (including private debt and property markets) developments,
Amendment 90 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 2
Annex 1 – heading 1 – paragraph 1 – indent 2
– Establish an enhanced analytical surveillance framework (including a scoreboard with specific trigger values for early warning) with appropriate methodological tools and transparency for an effective multilateral surveillance based on key economic indicators (real and nominal), which may affect competitiveness positions, including, but not limited to, growth rate, composition of the national GDP, employment rate, real exchange rate developments, labour cost developments, current account/balance of payments developments, credit growth, capital formation and inflows, productivity developments, and asset markets (including private debt and property markets) developmentsand investment rate, employment and unemployment rate, real exchange rate and current account developments. Signs of risk of speculative bubbles must also be addressed,
Amendment 95 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 3 a (new)
Annex 1 – heading 1 – paragraph 1 – indent 3 a (new)
– The Commission shall develop the adequate analytical tools and expertise to investigate the deep reasons behind the persistent divergent trends within the Euro-Area, including the impact of common policies on the differentiated economic systems within it.
Amendment 99 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 4
Annex 1 – heading 1 – paragraph 1 – indent 4
– Establish common rules for a more active use of the Broad Economic Policy Guidelines in coordination with the Employment guidelines as a key tool for economic guidance, surveillance and Member State- specific recommendations in line with the EU 2020 strategy, focusing on growth, employment, structural reforms, productivity and competitiveness, while taking into consideration the convergences and divergences between Members States - including their demographic situation-, strengthening the relative competitive advantages of Member States, the resilience of the economy to external shocks and the impact that Member States' decisions may have on other Member States,
Amendment 103 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 4
Annex 1 – heading 1 – paragraph 1 – indent 4
– Establish common rules for a more aeffective use of the Broad Economic Policy Guidelines as a key tool for economic guidance, surveillance and Member State- specific recommendations in line with the EU 2020 strategy, focusing on growth, structural reforms, productivity and competitiveness, while taking into consideration the convergences and divergences between Members States, strengthening the relative competitive advantages of Member States, the resilience of the economy to external shocks and the impact that Member States' decisions may have on other Member States,
Amendment 107 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 6
Annex 1 – heading 1 – paragraph 1 – indent 6
– Establish a "UnioEuropean semester" for a first comparison and assessment of draft budgets of Member States (main elements and assumptions) in order to better evaluate the implementation and future execution ofto improve the coherence between the Stability and Convergence Programmes (SCPs) and the National Reform Programmes (NRPs), taking due account of and of those with the national annual budget procedures and multi-annual national budgetary frameworks taking due account of the national budget procedures,
Amendment 109 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 6
Annex 1 – heading 1 – paragraph 1 – indent 6
– Establish a "Union semester" for a first comparison and assessment of draft budgets of Member States (main elements and assumptions) in order to better evaluate the implementation and future execution of the Stability and Convergence Programmes (SCPs) and the National Reform Programmes (NRPs), taking due account of the national annual budget procedures and multi-annual budgetary frameworks; the broad economic policy guidelines as well as the employment guidelines established jointly with Parliament should be used as a framework for discussion and evaluation of the eurozone Member States' budgets – before their presentation to the respective national parliaments,
Amendment 111 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 7
Annex 1 – heading 1 – paragraph 1 – indent 7
– Establish a "Union Semester" for dealing with the Integrated Guidelines at national and Union-level, which would enable a real and timely contribution by all parties concernedUse the "European Semester" to guarantee the coherence between the Integrated Guidelines at national and Union-level, as well as the fulfilment of the quantitative and qualitative targets set in the new "Growth and Employment Pact",
Amendment 113 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 7 a (new)
Annex 1 – heading 1 – paragraph 1 – indent 7 a (new)
– Provide room, in the context of the European semester for an enlarged debate on financial issues and on the economic situation of the EU including consultation with the Union- level social partners, strengthening the macroeconomic social dialogue,
Amendment 115 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 8
Annex 1 – heading 1 – paragraph 1 – indent 8
– HFurther harmonise the main assumption and indicators used in the underlying forecasts used for preparing national SCPs and NRPethodologies of the calculation of the main budget aggregates in order to facilitate comparison between member states,
Amendment 117 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 10
Annex 1 – heading 1 – paragraph 1 – indent 10
Amendment 118 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 11
Annex 1 – heading 1 – paragraph 1 – indent 11
– Introduce a stronger assessment of the main elements of the SCPs at Union levelSCPs, from the point of view of their interconnections with other Member States targets and those of the Union before adoption of the policies envisaged in the SCPs at national level,
Amendment 119 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 12
Annex 1 – heading 1 – paragraph 1 – indent 12
– Introduce a strong involvement of national parliaments before formal presentation of the SCPs and NRPs at Union level in an agreed time-frame, for instance through an annual debate to take place among national parliaments, with the participation of the European Parliament, on the integrated guidelines and on budgetary orientations of one another;
Amendment 120 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 12
Annex 1 – heading 1 – paragraph 1 – indent 12
– Introduce a strong involvement of the national parliaments and social partners before formal presentation of the SCPs and NRPs at Union level in an agreed time- frame,
Amendment 122 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 13
Annex 1 – heading 1 – paragraph 1 – indent 13
– Establish a more systematic comparison between the planned fiscal, growth and job stances as given by the Member States in their SCPs and the real effective outcome, questioning and following up on substantial divergences between planned and realised figures,
Amendment 125 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 15
Annex 1 – heading 1 – paragraph 1 – indent 15
– Establish, under the aegis of the Commission, an independent, systematic and robust evaluation process, under the aegis of the Commission, of the SCPs and NRPs in order to have a more transparent approach and increase independent assessment,
Amendment 128 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 16
Annex 1 – heading 1 – paragraph 1 – indent 16
– Establish a requirement for Member States to inform each other and the Commission before taking economic policy decisions with expected tangible spill-over effects, which may distort the smooth functioning of the internal market and of, the Economic and Monetary Union (EMU) or endanger the targets set by the EU, namely in the 2020 strategy,
Amendment 132 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 17
Annex 1 – heading 1 – paragraph 1 – indent 17
– Establish a requirement for Member States to provide additional information, if a substantial concern arises that the policies conducted may jeopardise the proper functioning of the internal market or, the EMU or endanger the targets set by the EMU, namely in the 2020 strategy,
Amendment 133 #
Motion for a resolution
Annex 1 – heading 1 – paragraph 1 – indent 18
Annex 1 – heading 1 – paragraph 1 – indent 18
– Take into account the assessment of the European Systemic Risk Board in the multilateral surveillance framework, in particular as regards financial stability, stress tests, potential outward and inward spill-over effects and accumulation of excessive private debt.
Amendment 141 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 1
Annex 1 – heading 2 – paragraph 1 – indent 1
– LaunchClarify and increase the transparency of the Excessive Deficit Procedure (EDP)/Excessive Debt Surveillance Procedure (EDSP) on the basis of gross debt levels. The EDF/EDSP including detailed regular reports on the debt dynamics and development, would be triggered for all Member States in which government debt level exceeds the 60 % threshold and is not diminishing at satisfactory pace. The EDP would be on "stand-sti, reinforcing the importance atributed to debt and to the interconnection between debt and deficit as well" as long as the country fulfils its MTFO and would be abrogated once the debt level is below 60 to their dynamic evolution.
Amendment 147 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 3
Annex 1 – heading 2 – paragraph 1 – indent 3
– Establish a clear harmonised framework to measure and monitor debt as well as surplus dynamics, including implicit and contingent liabilities, such as public guarantees in public-private-partnership investments,
Amendment 148 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 3 a (new)
Annex 1 – heading 2 – paragraph 1 – indent 3 a (new)
– Establish a country-specific differentiated time frame for the process of fiscal consolidation that will occur no later than 2015, in view of realigning all public deficit levels with the requirements set out in the SGP,
Amendment 149 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 4
Annex 1 – heading 2 – paragraph 1 – indent 4
– Establish a monitoring and other deterrent mechanisms including possibleublic warnings and incremental sanctions for Member States that have not reached their MTFO or are not approaching it at the agreed pace,
Amendment 155 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 5
Annex 1 – heading 2 – paragraph 1 – indent 5
– Establish minimum rules and guidelines for national budgetary procedures (i.e. annual and multiannual financial frameworks) in order to implement the obligation in Article 3 of the Protocol (No 12) on Excessive Deficit Procedure. Those national frameworks should include sufficient information on both the expenditure and revenue sides of the planned budgetary actions in order to enable sensible discussion and scrutiny of the budgetary plans at both the national and Union level; further work on the comparability of national budgets as regards their spending categories and the political priorities they reflect is needed,
Amendment 160 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 7
Annex 1 – heading 2 – paragraph 1 – indent 7
– Establish pre-specified and pre-emptive incentives to be decided independently from the Council by the Commission or semi-automatic sanctionmechanisms, in order to facilitate early warning steps and apply them in a progressive way,
Amendment 169 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 8
Annex 1 – heading 2 – paragraph 1 – indent 8
– Enforce and implement such a sanctioning mechanisms for euro area Member States as part of the new multilateral surveillance framework and the new instruments of the SGP, in particular the enhanced role of the MTFO, taking into consideration the very close interconnections between Euro and non Euro area economies,
Amendment 174 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 9
Annex 1 – heading 2 – paragraph 1 – indent 9
– Make the necessary changes to the Commission's internal decision-making procedure in order to guarantee an efficient a rapid implementation of those semi- automatic preventive penaltiewarnings.
Amendment 175 #
Motion for a resolution
Annex 1 – heading 2 – paragraph 1 – indent 9 a (new)
Annex 1 – heading 2 – paragraph 1 – indent 9 a (new)
– The European Commission will consult the European and relevant national social partners before issuing its final conclusions on the EDP/EDSP and take their points of view into account.
Amendment 180 #
Motion for a resolution
Annex 1 – heading 3 – paragraph 1 – introductory part
Annex 1 – heading 3 – paragraph 1 – introductory part
Recognising that euro area countries are in a different situation from other Member States as they do not have the exchange rate mechanism at their disposal if they need to adjust relative prices and that they share the responsibility of the functioning of the European monetary union as a whole, the new rules, based on the other e specificities of the euro area countries , the recommendations in this resolution and, Article 136 TFEU and Protocol (No 14) on the Euro Group thereto, should aim to:
Amendment 183 #
Motion for a resolution
Annex 1 – heading 3 – paragraph 1 – indent 1
Annex 1 – heading 3 – paragraph 1 – indent 1
– Establish a euro-area-specific framework for reinforced monitoring focusing on excessive macro-economic divergences, price competitiveness, real exchange rates, credit growth and current accountof the target set in Protocol n.14 including a thorough assessment of the deivelopments of the Mrgences between member Sstates concernedand their causes,
Amendment 193 #
Motion for a resolution
Annex 1 – heading 3 – paragraph 1 – indent 3
Annex 1 – heading 3 – paragraph 1 – indent 3
– Strengthen theEstablish a robust secretariat and cabinet of the President of the Euro Group,
Amendment 199 #
Motion for a resolution
Annex 1 – heading 4 – introductory part
Annex 1 – heading 4 – introductory part
Recommendation 4 : Establish a robust and credible excessive debt prevention and resolution mechanism for the euro areaAn impact assessment and feasibility study should be undertaken before any legislative act ( After a feasibility study, the Commission, based on Article 352 TFEU or any other appropriate legal base) aiming to shall:
Amendment 200 #
Motion for a resolution
Annex 1 – heading 4 – indent 1
Annex 1 – heading 4 – indent 1
– Establish a permanent mechanism or body (, within one year, a permanent European Monetary Fund) as a last resort mechanism for cases in which market financing is no longer availableborrowing and lending mechanism based on existing mechanismexperiences (the European Financial Stability Facility, the European Financial Stabilisation Mechanism and the European balance of payments instrument) with clear rules on the decision-making procedure, funding, conditionality for loans, monitoring, rules on burden-sharing, and resources and powers in order to facilitate borrowing and lending activity in exceptional circumstances and in order to facilitate orderly resolution avoiding contagion and ring-fencing sovereign debt insolvency, if needed and monitoring.
Amendment 215 #
Motion for a resolution
Annex 1 – heading 5 – paragraph 1 – indent 1
Annex 1 – heading 5 – paragraph 1 – indent 1
– Produce, within a year, a feasibility assessment (the nature, risks and advantages) in order tof establishing a system in the long run for the issuance of common government bonds,
Amendment 219 #
Motion for a resolution
Annex 1 – heading 5 – paragraph 1 – indent 2
Annex 1 – heading 5 – paragraph 1 – indent 2
– Reinforce and update, namely bearing in mind the 2020 targets, the Union cohesion policy in close cooperation with the European Investment Bank (EIB) in order to reduce structural weaknesses and increase the competitiveness of weaker economic regions, in particularly by facilitating the financing needs of SMEs and their entrysuccessful participation into the internal market,
Amendment 224 #
Motion for a resolution
Annex 1 – heading 5 – paragraph 1 – indent 3
Annex 1 – heading 5 – paragraph 1 – indent 3
– Develop a common budgetary strategy or guidelines (for national and EU budgets) and the EU budgeta set of common policies and instruments in line with the Europe 2020 strategy,
Amendment 227 #
Motion for a resolution
Annex 1 – heading 5 – paragraph 1 – indent 4
Annex 1 – heading 5 – paragraph 1 – indent 4
– Establish a clear framework for a renewed joint effort of the EU budgetary funds and EIB financial resources, to further leverage in next Multiannual Financial Framework the budgetary funds by means ofbenefit from the EIB'’s expertise in financial engineering, commitment to EU policies and pivotal role among public and private sector financial institutions,
Amendment 229 #
Motion for a resolution
Annex 1 – heading 5 – paragraph 1 – indent 5
Annex 1 – heading 5 – paragraph 1 – indent 5
– Establish a high-level tax policy group chaired by the Commission with a mandate to workproduce within one year, a roadmap for a strategic and pragmatic EU approach to tax policy issues in the Union, while paying particular attention to preventing fiscal dumping between Member States, combating tax fraud, reinvigorated the code of conduct on business taxation and facilitating the adoption of the Common Consolidated Corporate Tax Base and growth-enhancing tax reforms. The EU external agenda, namely in the context of the G20, in tax matters should be analysed by this high- level tax policy group. It should include, namely, the strategy to combat tax fraud, the addressing of tax heavens and the setting up of aditional sources of revenue of a financial and environmental nature.
Amendment 239 #
Motion for a resolution
Annex 1 – heading 6 – paragraph 1 – indent 1
Annex 1 – heading 6 – paragraph 1 – indent 1
Amendment 242 #
Motion for a resolution
Annex 1 – heading 6 – paragraph 1 – indent 1 a (new)
Annex 1 – heading 6 – paragraph 1 – indent 1 a (new)
– Should aim to regulate the interlinks between financial markets and macro economic policies so as to ensure stability, transparency, accountability and curb incentives for excessive risk taking,
Amendment 249 #
Motion for a resolution
Annex 1 – heading 7 – paragraph 1 – indent 4
Annex 1 – heading 7 – paragraph 1 – indent 4
– Require Member States to indicate which data provided to the Commission (Eurostat) are supported by national declarations of assurance and an independent auditor's report,
Amendment 251 #
Motion for a resolution
Annex 1 – heading 7 – paragraph 1 – indent 6
Annex 1 – heading 7 – paragraph 1 – indent 6
– Review the need for more harmonised data,Address the new statistic requirements relevant to the economic governance framework proposed in this Annex. In particular, ensure an appropriate quality framework for the European statistics needed toresponse to the enhanced the analytical surveillance framework, (including a "scoreboard") for an effective multilateral surveillancedemanded under Recommendation 1,
Amendment 254 #
Motion for a resolution
Annex 1 – heading 8 – paragraph 1 – indent 2 a (new)
Annex 1 – heading 8 – paragraph 1 – indent 2 a (new)
– Establish a clear and targeted Euro Area/EU international agenda that will guarantee an international level playing field in the EU fiscal, anti fraud and financial regulation and supervision agenda.