11 Amendments of Esther DE LANGE related to 2021/2063(INI)
Amendment 24 #
Motion for a resolution
Recital A
Recital A
A. whereas, according to the Commission’s Summer 2021 Economic Forecast, GDP contracted in 2020 by 6 % in the EU and 6.5 % in the euro area; whereas GDP is forecast to grow by 4.8 % in 2021 and 4.5 % in 2022 in both the EU and the euro area, with significant growth inequalities persistinggrowth differentials between and within the Member States;
Amendment 49 #
Motion for a resolution
Recital E
Recital E
E. whereas, without prejudice to the primary objective of price stability, the ECB shouldall also support the general economic policies in the Union with a view to contributing to the achievement of the objectives of the Union as laid down in Article 3 TEU; whereas these objectives include the promotion of peoples’ well- being, economic, social and territorial cohesion, balanced economic growth, a highly competitive social market economy aiming at full employment and social progress, and a high level of protection and improvement of the quality of the environment;
Amendment 86 #
3. Is deeply concerned abouRecalls that the unprecedented healthcare, social and economic crisis caused by the COVID-19 pandemic, resultinged in a sharp contraction of the euro area economy, a sharpn increase in economic and social inequalities, and rapidly deteriorating labour market conditions; welcomes the extensive public support measures taken in response by national governments and the EU; notes that euro area activity is expected to rebounding, although the speed, scale and evenness of the rebound remains highly uncertain;
Amendment 110 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Underlines the importance of a central fiscal capacity capable of providing a counter-cyclical stabilisation function and timely and adequate support the Recovery and Resilience Facility (RRF) in addressing the event of economic shock caused by the COVID-19 crisis;
Amendment 123 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes the ECB’s substantially eased monetary policy stance in response to the COVID-19 crisis, which includes the introduction of the pandemic emergency purchase programme (PEPP), the relaxation of the eligibility and collateral criteria and the offer of new longer-term refinancing operations; welcomnotes, moreover, the ECB’s decision to maintain instruments, such as forward guidance, asset purchases and longer-term refinancing operations, as an integral part of its toolkit;
Amendment 135 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. WelcomNotes the ECB’s decision to continue to conduct net asset purchases at a significantly higher pace under the PEPP until at least the end of March 2022;
Amendment 150 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. WelcomNotes the ECB’s expectation that monthly net asset purchases under the asset purchase programme (APP) will continue to run for as long as necessary to reinforcebe used to reinforce the impact of its policy rates during the accommodative impact of itsmonetary policy ratesstance;
Amendment 175 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes the ECB’s decision on a new symmetric inflation target of 2 % over the medium term and its commitment to maintain a persistently accommodative monetary policy stance in order to meet its inflation target; notes with concern that inflation rose to a decade-high 3 % in August 2021; calls on the ECB to evaluate and address this upward trend and its consequences more attentively and to, if necessary, take action to prevent market dominance;
Amendment 188 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. NotWelcomes the ECB’s decision to include the costs related to owner-occupied housing in the HICP to better represent the inflation rate that is relevant for households;
Amendment 236 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. BelievNotes that the market neutrality principle falls short of the commitments underTreaty stipulates that the ECB should pursue its mandate by favouring an efficient allocation of resources; stresses that if the Pmaris Agreement and the EU’s objective of achieving climate neutrality by 2050 at the latestket misprices the risks associated with climate change, adhering to the market neutrality principle may not be right because it may instead support a market structure that hampers an efficient allocation of resources; notes that the ECB has already deviated from market neutrality in several instances;
Amendment 288 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Is concerned about the risks caused by the serious delay in completing the third pillarWelcomes the ECB’s long-standing support for the completion of the bBanking uUnion; welcomes the ECB’s long-standing support of, including the establishment of a fully fledgedn European Deposit Insurance Scheme (EDIS);