15 Amendments of Othmar KARAS related to 2019/0161(COD)
Amendment 39 #
Proposal for a regulation
Recital 2
Recital 2
(2) The Five Presidents' Report of 22 June 20151a emphasised the need to complete the Economic and Monetary Union’s economic and institutional architecture. In particular, it highlighted the importance of correcting the divergence witnessed during the crisis and embarking on a new convergence process. In order to ensure the proper functioning of the Economic and Monetary Union, Member States whose currency is the euro should take measures to enhance the resilience of their economies through targeted structural reforms and investment. The Euro Summit of December 2018 mandated the Eurogroup to work on the design, modalities of implementation and timing of a budgetary instrument for competitiveness and convergence for the euro area. To ensure that Member States carry out structural reforms and investment in a consistent, coherent and well- coordinated manner, it is necessary to establish a governance framework to enable the Council to provide strategic orientations on reform and investment priorities to be undertaken within the euro area by the Member States. Such a framework would enhance convergence and competitiveness of the euro area. The Council should also provide country- specific guidance on individual reforms and investment objectives of the Member States whose currency is the euro, which can be supported by the budgetary instrument for convergence and competitiveness. Since such a framework is specific to the Member States whose currency is the euro, only members of the Council representing those Member States should take part in votes under this Regulation. _________________ 1a https://ec.europa.eu/commission/sites/beta -political/files/5-presidents-report_en.pdf
Amendment 46 #
Proposal for a regulation
Recital 3
Recital 3
(3) At the Union level, the European Semester of economic policy coordination is the framework for the identification of national reform priorities of the Member States and for the monitoring of the implementation of those priorities. This Regulation addresses the need to establish coherence between the reform and investment priorities for the euro area as a whole and the reform and investment objectives of the individual Member States whose currency is the euro, and to ensure their consistency with the European Semester. To the extent possible, the governance of the budgetary instrument for convergence and competitiveness should go hand in hand with the European Semester and all other existing mechanisms of econ omic policy coordination to ensure the necessary consistency across processes and procedures.
Amendment 51 #
Proposal for a regulation
Recital 4
Recital 4
(4) On an annual basis and for the purpose of the budgetary instrument of convergence and competitiveness referred to in Regulation (EU)XXXX/XX [Reform and Investment Support Programme Regulation], the Council should set ouadopt strategic orientations on the reform and investment priorities for the euro area, as part of the recommendation on the economic policy of the euro area and on an annual basis, consistent with the European Semester. The strategic orientations should be adopted by the Council acting by qualified majority on a recommendation from the Commission, and after the Eurogroup has discussed the reforms and investment priorities that it considers relevant and appropriate for inclusion therein. The annual Euro Summit will play its rduly considering any exchange of views in the competent committee of the European Parliament, in accordance with Article 8 of this Regulation, on the reforms and investment priorities that it considers relevant and appropriate for inclusion therein. Those strategic orientations should also serve as a basis for identifying reforms and investments required for the recovery after an emergency arising from exceptional circumstances which affect the Union as a whole.
Amendment 61 #
Proposal for a regulation
Recital 5
Recital 5
(5) To ensure that strategic orientations reflect the evolving experience of the implementation of the budgetary instrument for convergence and competitiveness, the Commission should, alongside its recommendation on the strategic orientations, and as part of its recommendation on the economic policy of the euro area, inform the European Parliament and the Council of how the strategic orientations have been followed during the preceding years. The Commission should make all relevant information available simultaneously to the European Parliament and to the Council without undue delay.
Amendment 84 #
Proposal for a regulation
Recital 8
Recital 8
(8) Within the governance framework set out in this Regulation, the Council should set out the strategic orientations for the euro area as a whole and provide country-specific guidance on the objectives of reform and investment packages of the individual Member States whose currency is the euro. The Commission implements the Union’s budget under Article 317 TFEU, which includes the management of spending programmes. The Commission responsibilities with regard to the budgetary instrument for convergence and competitiveness [within the Reform Support and Investment Programme] under Regulation (EU) XXXX/XX should not be affected.
Amendment 88 #
Proposal for a regulation
Recital 9
Recital 9
(9) On the basis of an assessment by the Commission, the Council, shall establish which Member States are experiencing a severe economic downturn for the purpose of a modulation of national co-financing rates provided for in Regulation (EU) XXXX/XX [Reform Support and Investment Programme Regulation], and without prejudice to the application of Article 2(2) of Council Regulation (EC) 1467/97 as amended.
Amendment 90 #
Proposal for a regulation
Recital 10
Recital 10
(10) In order to enhance the dialogue between the Union institutions, in particular between the European Parliament, the Council and the Commission, and to ensure greater transparency and accountability in that economic dialogue, it should be possible for the competent committee of the European Parliament canto invite the President of the Council, the Commission and, where appropriate, the President of the Eurogroup to appear before the committee to discuss the measures foreseen and taken pursuant to this Regulation. The Commission should make all relevant information available simultaneously to the European Parliament and to the Council without undue delay.
Amendment 97 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Regulation lays down provisions for the governance framework relevant for the budgetary instrument for convergence and competitiveness for the euro area within the Reform Support and Investment Programme under Regulation (EU) XXX/XX10 . _________________ 10 O.J.C , , p.
Amendment 102 #
Proposal for a regulation
Article 2 – paragraph 1 – point -a (new)
Article 2 – paragraph 1 – point -a (new)
(-a) 'European Semester' means the framework for economic policy coordination in the European Union;
Amendment 110 #
Proposal for a regulation
Article 2 – paragraph 1 – point b a (new)
Article 2 – paragraph 1 – point b a (new)
(b a) ‘strategic orientations’ means the strategic orientations for the reform and investment priorities for the euro area, adopted by the Council acting by qualified majority on a recommendation from the Commission duly considering any exchange of views in the competent committee of the European Parliament in accordance with Article 4(1) and Article 8 of this Regulation.
Amendment 135 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. On a recommendation from the Commission and after discussion in the Eurogroup, the Council shall establish, duly considering any exchange of views in the competent committee of the European Parliament in accordance with Article 8 of this Regulation, the Council shall establish acting by qualified majority, as part of the euro-area recommendation and on an annual basis, the strategic orientations for the reform and investment priorities of the euro area, consistent with the European Semester.
Amendment 139 #
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. In parallel to its recommendation referred to in paragraph 1, the Commission shall inform simultaneously the European Parliament and the Council on how the strategic orientations of the preceding years have been followed by the Member States.
Amendment 154 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. The Council shall, on a recommendation from the Commission, adopt acting by qualified majority a recommendation addressed to all Member States whose currency is the euro providing, on an annual basis, country- specific guidance on the reform and investment objectives for the purposes of the reform and investment packages, which Member States may subsequently submit under Regulation (EU) XXXX/XX [Reform and Investment Support Programme Regulation].
Amendment 168 #
Proposal for a regulation
Article 8 – paragraph 1
Article 8 – paragraph 1
In order to enhance the dialogue between the Union institutions, in particular the European Parliament, the Council and the Commission, and to ensure greater transparency and accountability, the competent committee of the European Parliament may invite the President of the Council, the Commission and, where appropriate, the President of the Eurogroup to appear before the committee to discuss the measures foreseen and taken pursuant to this Regulation. The Commission shall make all relevant information available to the European Parliament and to the Council simultaneously.
Amendment 178 #
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
2. The Commission shall send the report to the European Parliament and to the Council. Where relevant, it shall be accompanied by a proposal for amendments to this Regulation.