18 Amendments of Roberts ZĪLE related to 2016/2306(INI)
Amendment 35 #
Motion for a resolution
Recital C
Recital C
C. whereas the employment rate in the EU is growing steadily, althoughyet unevenly, at an insufficient pace, reducing and unemployment rates remain too high in some Member States with unemployment in the euro area to 10.1 % in 2016currently standing at 10.1 %;
Amendment 41 #
Motion for a resolution
Recital D
Recital D
D. whereas this recovery in the labour markets, and growth, is uneven among the Member States, benefitting those that have implemented structural reforms; and remains fragile, benefitting mostly those countries that have implemented structural reforms, reduced debt levels or have benefitted from more favourable treatment by the markets and have had cheaper and more available access to financing and investment;
Amendment 58 #
Motion for a resolution
Recital E
Recital E
E. whereas growth has to an important degree relied upon unconventional and, in the long term, unsustainable monetary policies; whereas this monetary policy failed to create a momentum for reform; whereas this supports the call for a three- pronged policy approach of growth- friendly investment, a full and consistent implementation of the Stability and Growth pact across Member States, and a particular focus on structural reforms;
Amendment 67 #
Motion for a resolution
Recital F
Recital F
F. whereas some Member States still carry a very high sovereign debtfor two thirds of Member States the sovereign debt levels exceed 60% of GDP threshold as set within the Stability and Growth Pact (SGP); whereas seven euro area Member States carry sovereign debt levels that are close to or exceed 100% of GDP;
Amendment 157 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Agrees with the Commission that equal access to finance across the European Union is crucial for businesses to grow;
Amendment 163 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Notes that even though investment has lately picked up in the EU, it is below the pre-crisis levels;
Amendment 164 #
Motion for a resolution
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Notes Commission President Juncker's plan to increase the capacity of the Investment Plan for Europe from EUR 315 billion to EUR 630 billion. Stresses, however, the subpar functioning of EFSI as during the first year of operations 92 per cent of all investment has concentrated in EU-15 countries whilst only 8 per cent has reached the EU-13 countries;
Amendment 166 #
Motion for a resolution
Paragraph 4 c (new)
Paragraph 4 c (new)
4c. Believes that as only 8 per cent of EFSI investment to date has reached the EU-13 countries, the current functioning of EFSI is contrary to the Fund's Regulation which states that EFSI should contribute to strengthening of the Union's economic, social and territorial cohesion ; further believes that the concentration of capital in the EU-15 countries and underserving of EU-13 countries widens social and economic disparities between the EU's Western and Eastern regions;
Amendment 167 #
Motion for a resolution
Paragraph 4 d (new)
Paragraph 4 d (new)
4d. Warns against the trend whereby investment funds based on public-private partnerships are replacing the EU's conventional funding mechanisms and within the context of EFSI are partly funded using money that has previously been earmarked for other purposes; notes that as EFSI has thus far been incapable of contributing towards the EU's economic, social and territorial cohesion, the EU's structural funds are still the main funds capable of serving the EU's cohesion policy aims;
Amendment 172 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Notes that the financial system and its institutions are crucial for investment and growth in the European economy; stresses thatfurther notes that even though there have been improvements since the economic crisis, more needs to be done to improve the functioning of the current financial system which is characterised by increased safety and stabilitynoticeable disparities among the EU countries;
Amendment 183 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Notes that many credit institutions are still undercapitalised and carry a significant share of non-performing loans on their books; believes that the underperformance of these institutions is to some extent undermining economic growth both within euro area as well as in the EU;
Amendment 195 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Stresses that barrier-free access to Member States' markets is paramount to insure that maximum levels of investment can reach those countries;
Amendment 199 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Stresses that a step-by-step completion of the Banking Union shall aim at increasing resilience in the banking sector and contributing to financial stability; urges respect and enforcement of the existing common rules, notwithstanding those stipulated in the Bank Recovery and Resolution Directive (BRRD) as well as those in relation to state aid;
Amendment 220 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Emphasises that reliable investment requires a regulatory environment that allows for a return on investment; considers that predictable rules, a level playing field and reduced compliance costs are crucial factors for attracting investment; notes, however, that certain investment schemes to date have still favoured wealthier EU regions where return on capital is generally higher;
Amendment 304 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Is concerned about the effects of demographic developments on public finances, conditioned by, inter alia, low birth rates, ageing societies, emigration and the influx of refugees; points in particular to the impact of ageing populations -- fuelled in some Eastern EU Member States by demographic changes due to emigration -- on pension and healthcare systems in the EU; notes that, owing to different demographic structures, the effects of these developments will vary across Member States, but warns that the already foreseeable funding costs will have a significant impact on public deficits; highlights the fact that current consolidation paths will not be sufficient to ensure compliance with EU fiscal rules if pension systems are not reformed or current reforms are reversed or not implemented;
Amendment 352 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Warns against unilateral actions taken by some Member States in a name of equal social standards which in reality limit effective competition within the Single Market;
Amendment 399 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Is concerned about the hesitancy in using the instruments available under the Excessive Deficit Procedure as well as the Excessive Imbalance Procedure;
Amendment 423 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Is concerned about excessively high and on-going current account surpluses of some Member States as this affects the overall functioning of the Monetary Union; notes that in such environment the required adjustment for some Member States seeking improvement of intra-EU competitiveness becomes much harder to achieve;