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14 Amendments of Bas BELDER related to 2015/2344(INI)

Amendment 193 #
Motion for a resolution
Paragraph 6
6. Points out that the crisis has proved that a common monetary policy without a common fiscal policy cannot address asymmetric shocks to the euro area; reiterates that mere coordination of national fiscal policies without credible enforcement mechanisms has not prevented an investment gap, has proved insufficient to trigger growth-enhancing, sustainable and socially balanced structural reforms and has not enhanced the national capacity to absorb economic shocks;deleted
2016/06/09
Committee: BUDGECON
Amendment 273 #
Motion for a resolution
Paragraph 12
12. Believes that in order to regain trust, the euro must deliver on its promise of stability, convergence, growth and jobs; regards a fiscal capacity as a vital element in this enterprise, which can be successful only if solidarity is closely linked to responsibility, meaning that financial support is provided on the basis of cleariterates that the Member States whose currency is the euro must comply with the Maastricht criteria;
2016/06/09
Committee: BUDGECON
Amendment 295 #
Motion for a resolution
Paragraph 14
14. Takes the view that incentives for sound fiscal policymaking and for addressing structural weaknesses at national level, taking into account the aggregate euro area fiscal stance, are core elements for the functioning of the euro area; considers that a fiscal capacity should, moreover, address specific concerns for the euro area in the case of absorbing shocksare core elements for the functioning of the euro area;
2016/06/09
Committee: BUDGECON
Amendment 314 #
Motion for a resolution
Paragraph 15
15. Stresses that a fiscal capacity must be created on top of existing EU funding instruments, within its legal framework, in order to ensure consistent development between euro and non-euro Member States;deleted
2016/06/09
Committee: BUDGECON
Amendment 338 #
Motion for a resolution
Paragraph 16
16. Points out that effective stabilisation of large euro area Member States or a group of closely economically intertwined countries requires sufficient resourcesa direct link between decision making and accountability;
2016/06/09
Committee: BUDGECON
Amendment 422 #
Motion for a resolution
Paragraph 21
21. Insists that once it is integrated into Community law, the fiscal capacity for the euro area should be integrated into the EU budget, but over and above the ceilings of the Multiannual Financial Framework (MFF);deleted
2016/06/09
Committee: BUDGECON
Amendment 573 #
Motion for a resolution
Paragraph 27
27. Considers that a financial instrument is needed to work as an incentive-based mechanism for convergence and sustainable structural reforms with clear conditionality; believes that the Structural Reform Support Programme (SRSP), which is designed to provide technical support to national authorities for measures aimed at reforming institutions, governance, administration, and economic and social sectors with a view to enhancing growth and jobs, can be further developed as a contribution to this function of the fiscal capacity;deleted
2016/06/09
Committee: BUDGECON
Amendment 627 #
Motion for a resolution
Paragraph 30
30. Points out that the Rainy Day Fund should be funded by all the Member States on the basis of a cyclically sensitive economic indicator and used for payments to all Member States suffering from economic downturns;deleted
2016/06/09
Committee: BUDGECON
Amendment 671 #
Motion for a resolution
Paragraph 32
32. Considers that the EMF should provide the financial resources for either of these models, which could require increasing the amount of capital; points out that the fund should avoid long-term redistribution effects by ensuring Member States’ contributions are balanced over the cycle;long-term redistribution effects should be avoided by ensuring that the Member States' contributions to the EU budget are balanced over the cycle; reiterates that no Member State can be liable for the liabilities of another Member State nor for their commitments.
2016/06/09
Committee: BUDGECON
Amendment 681 #
Motion for a resolution
Paragraph 33
33. Warns that future symmetric shocks could destabilise the euro area as a whole since the currency area is not endowed with the instruments to cope with another crisis of the extent of the previous one; is convinced that the right instrument to deal with symmetric shocks depends on the nature of the shock; recalls that the EMF should be used as an appropriate financial resource;
2016/06/09
Committee: BUDGECON
Amendment 708 #
Motion for a resolution
Paragraph 35
35. Considers that symmetric shocks that are caused by a lack of supply must be diminished by improving the competitiveness of the euro area via appropriate financial incentives, including via the financing of professional training or financial incentives for R&D spending;deleted
2016/06/09
Committee: BUDGECON
Amendment 714 #
Motion for a resolution
Paragraph 35
35. Considers that symmetric shocks that are caused by a lack of supply must be diminished by improving the competitiveness of the euro area via appropriate financial incentives by the Member States, including via the financing of professional training or financial incentives for R&D spending;
2016/06/09
Committee: BUDGECON
Amendment 742 #
Motion for a resolution
Paragraph 37
37. Points out that theany fiscal capacity haswould have to be of significant size in order to be able to address these euro-area-wide shocks and to finance its functions; insists thwarns against creat in order to provide sufficient financial resources, the euro area fiscal capacity, including the EMF, should be able to increase the issuance of equities via a rise in guarantees; considers that these common issued equities should have the highest credit rateg net contributor and net receiver countries out overstretching solidarity and seeding tension;
2016/06/09
Committee: BUDGECON
Amendment 791 #
Motion for a resolution
Paragraph 41
41. Considers that in order to provide for a genuine EMU, a euro area treasury should be created for collective decision- making, supervision and management of the budgetary capacity for the euro area; calls for the inclusion of thi to be in equilibrium, a country which considers that the costs tareasury wit outweighing the European Commission with full macroeconomic, fiscal and financial competences; calls for a vice-presidentbenefits of a membership of the Eeuropean Commission to head the treasury and simultaneously to act as president of the Eurogroup; urges full accountability of this treasury to the European Parliament area should be able to choose to leave;
2016/06/09
Committee: BUDGECON