6 Amendments of Katerina BATZELI related to 2008/2244(INI)
Amendment 27 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Points out that, in the European Union, the deficit and public debt are having an increasingly negative impact on growth; calls on the Member States to make greater efforts to consolidate their budgets and reduce the public debt as a pre-condition for achieving a healthy, competitive and sustainable European economy; points out also that ill-designed measures to reduce the deficit and public debt – such as indiscriminate cuts in public investment or indiscriminate increases in indirect taxation on consumer goods leading to strong inflationary pressure and to side- effects for the economic cycle – have an adverse effect on long-term growth prospects;
Amendment 32 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3α. Notes, however, that a substantive adjustment is required both of the Stability and Growth Pact and of the decisions and policies of the European Central Bank in the light of new international circumstances due to the present financial crisis and the economic slump which has already begun to affect employment and growth in the eurozone;
Amendment 33 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Stresses that within this framework, the mechanisms and terms of the Stability and Growth Pact must be interpreted so as to safeguard investments for basic structural reforms, especially in the sectors of the labour market, education, social convergence and environmental protection, but also to allow measures to be taken to support the real economy and investors.
Amendment 34 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Stresses the importance of the medium- term objective (MTO) as a specific target of economic, fiscal, budgetary and incomes policies, which should be achieved through macro-economic dialogue, geared to the specific situation in each Member State and, taking into account extraordinary needs for compensatory measures due to the international economic and financial situation, but also determined on a multiannual basis; urges the Member States to strengthen the credibility and legitimacy of the medium- term objective at both national level, through closer involvement of government departments, national parliaments and the social partners (national ownership) and at local level (sub-national public finance) by establishing regional SGPs and MTOs, taking account of the impact which local public expenditure and investment have on national public finances and on the growth prospects of the various countries;
Amendment 36 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4α. Stresses the close relationship between financial security and stability and the maintenance and safeguarding of healthy and stable public finances, as clearly evidenced by the pressing danger that the present world financial crisis will shift to the real economy; maintains, therefore, that it is not sufficient for the measures taken to shore up the financial system at national and European level merely to address the problem of the liquidity of the banking system, rather they should be accompanied by measures to support small- and medium-sized businesses, by the management of liquidity measures so as to allow redistribution and to provide better support for low-income social groups and, finally, by clear and transparent terms and commitments for the financial sector so as to prevent the credit risks from finally spilling over to the public finances of Member States;
Amendment 43 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Points out that the key objective of having sound and consolidated public finances should be defined on the basis of the obligations under the new Stability Pact and, at the same time, the Lisbon Strategy's development, growth and competitiveness perspective, which requires structural reforms, as well as public spending and taxation structures that will support investments (in human capital, research and innovation, education and training, including higher education, health, infrastructure, the environment, security and justice) forand the redistribution of this income in order to promote social cohesion growth and employment;