15 Amendments of Sharon BOWLES related to 2010/2099(INI)
Amendment 4 #
Motion for a resolution
Citation 33 a (new)
Citation 33 a (new)
having regard to the Commission communication of 30 June 2010 on Enhancing Economic policy coordination for stability, groth and jobs - Tools for stronger EU economic governance,
Amendment 8 #
Motion for a resolution
Recital A
Recital A
A. whereas recent economic developments have shown clearly that economic policy coordination within the Union has not worked sufficiently well and has not been fully in line with, despite Member States' obligations under the Treaty on the Functioning of the European Union (TFEU), they have failed to regard their economic policy as a matter of common concern and to coordinate them within the Council in accordance with the relevant Treaty provisions and respecting the key role of the Commission in the surveillance procedure,
Amendment 28 #
Motion for a resolution
Recital D
Recital D
D. whereas labour, knowledge 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 to foster innovation and economic growth,
Amendment 44 #
Motion for a resolution
Recital F
Recital F
F. whereas a fairn appropriate balance between investments in sustainable growth and the prevention of excessive deficits over the economic cycle, in line with Union-level commitments and guidelines, need to be persued,
Amendment 68 #
Motion for a resolution
Recital L
Recital L
L. whereas any legislative proposal should support adequatestrong incentives for sustainable "growth-enhancing" economic policies, avoid moral hazard, be in line with other EU instruments and rules, and reap the full benefits of the euro as a common currency of the euro area,
Amendment 73 #
Motion for a resolution
Recital M
Recital M
M. whereas coherence between short, medium and long-term public investments needs to be strengthened and whereas those investments, in particular regarding infrastructure, need to be used efficiently and allocated toaking into account the objectives of the Europe 2020 Strategy, in particular regarding research and development, innovation and education in order to increase competitiveness and enhance productivity,
Amendment 79 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers that the financial implications of the requested proposal should be covered by appropriate budgetary allocations; taking into account the current deficit positions and austerity measures in Member States;
Amendment 86 #
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 growth concerns in accordance withand having regard to the objectives of the Europe 2020 strategy and other relevant developments,
Amendment 102 #
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 as a key tool for economic guidance, surveillance and Member State- specific recommendations in line withhaving regard to 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 167 #
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 sanctions, in order to facilitate early warning steps and apply them in a progressive way, and sanctions to include mechanisms such as triggering of risk weight adjustments to sovereign debt or other asset classes under guidance of the ECB and ESRB, or exclusion from any joint bond issuance,
Amendment 192 #
Motion for a resolution
Annex 1 – heading 3 – paragraph 1 – indent 3
Annex 1 – heading 3 – paragraph 1 – indent 3
– Strengthen the administrative support for the secretariat and cabinet of the President of the Euro Group,
Amendment 203 #
Motion for a resolution
Annex 1 – heading 4 – indent 1
Annex 1 – heading 4 – indent 1
– Establish a permanent mechanism or body (European Monetary Fund) as a last resort mechanism for cases in which market financing is no longer available based on existing mechanisms (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. The mechanism should avoid moral hazard and be consistent with State Aid principles and consequences.
Amendment 212 #
Motion for a resolution
Annex 1 – heading 5 – paragraph 1 – indent 1
Annex 1 – heading 5 – paragraph 1 – indent 1
– Produce a feasibility assessment (the nature, risks and advantages) of establishing a system in the long run for the issuance of common government bonds, but noting the role of spreads and risk weighting as a control mechanism for fiscal prudence, which may require quantitative or other limits to such bond issues,
Amendment 240 #
Motion for a resolution
Annex 1 – heading 6 – paragraph 1 – indent 1
Annex 1 – heading 6 – paragraph 1 – indent 1
– Assess the possible revision of the capital requirements for credit institutions in order better to differentiate between capital ratios applied to sovereign debt issues by a Member State and an automatic trigger mechanism for progressive variation as an early deterrent to fiscal imprudence.
Amendment 241 #
Motion for a resolution
Annex 1 – heading 6 – paragraph 1 – indent 1 a (new)
Annex 1 – heading 6 – paragraph 1 – indent 1 a (new)
– Promote ways of achieving consistent implementation of Pillar II capital requirements in response to specific asset price bubbles or money supply issues,