11 Amendments of Mercedes BRESSO related to 2015/2344(INI)
Amendment 14 #
Draft opinion
Paragraph 2
Paragraph 2
2. Considers that the establishment of a budgetary capacity within the eurozone area is a necessary milestone to complete the EMU, coherently with the McDougall and the Delors reports and that it is highly recommendable and feasible to create a budgetary capacity, albeit limited, under the current Treaty framework;, notably through articles 136, 175, and 352 TFEU
Amendment 23 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Recalls that the asymmetry of the EMU, with the Monetary Union not coupled with an Economic Union is one of the main structural reasons for the euro area's slow recovery after the 2008 crisis;
Amendment 24 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Expresses its worry that postponing crucial necessary decisions to better times is creating the condition for extremism rise, thus making those decisions even more difficult in the future;
Amendment 32 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Recalls it permanent call for the insertion of the European Stability Mechanism within the EU legal framework and requests it to be done as soon as possible; recommends its transformation into a European Monetary Fund, acting as a specific shock- absorption instrument within the Eurozone budgetary capacity, which could thus reach about the dimension indicated by the MacDougall and Delors Reports as necessary to sustain the Economic and Monetary Union;
Amendment 40 #
Draft opinion
Paragraph 4
Paragraph 4
4. Recalls that such capacity should be part of the EU budget as laid down in Article 310(1) TFEU and should comply with the provisions of Articles 310(4) and 312(1) TFEU, but outside the Multi- Annual Financial Framework;
Amendment 56 #
Draft opinion
Paragraph 6
Paragraph 6
6. Underlines that the EU budget also offers guarantees for specific lending operations and that several instruments, such as the EFSM and the EGF, allow for funds to be mobilised over and above the MFF expenditure ceilings;
Amendment 64 #
Draft opinion
Paragraph 7
Paragraph 7
7. Reiterates the need for democratic legitimacy, clarity and accountability, implying the adopcreation of the community method, namely with the involvement of Parliama Euro area Treasury Minister, acting also as Vice President inof the shaping, implementation and oversight of a budgetary capacity;Commission and President of the Eurogroup, and the adoption of the community method,
Amendment 66 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Stresses that democratic legitimacy requires the full involvement of the Parliament in the shaping, implementation and oversight of a euro area budgetary capacity;
Amendment 67 #
Draft opinion
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Recalls that the European Parliament is the Parliament of the Economic and Monetary Union. Considers that the establishment of a fully-fledged euro area fiscal capacity and its incorporation into the treaties shall require, without prejudice to Article 14(2) TEU and notwithstanding Article 231 TFEU, specific provisions in order to limit the corresponding budgetary prerogatives to Members elected in euro area and participating Member States constituencies.
Amendment 70 #
Draft opinion
Paragraph 8
Paragraph 8
8. Recalls that the protocols on the application of the principles of subsidiarity and proportionality and on the role of national parliaments offer ample opportunities for national parliaments’ involvement in this respect; also exploiting all the potentiality of the instruments provided by art. 13 of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union and by title II of protocol 1;
Amendment 80 #
Draft opinion
Paragraph 9
Paragraph 9
9. Believes that non-eurozone area Member States should be involved, if they so desire, although in a differentiated way and depending on the design of the budgetary capacity.