13 Amendments of José GUSMÃO related to 2019/0161(COD)
Amendment 27 #
Proposal for a regulation
Recital 1
Recital 1
(1) The coordination of the economic policies of the Member States is a matter of common concern. The Member States whose currency is the euro have a particular interest in and a responsibility to conduct economic policies that promote the proper functioning of the Economic and Monetary Union and to avoid policies that jeopardise it in the context of broad guidelines formulated by the European Parliament and the Council.
Amendment 33 #
Proposal for a regulation
Recital 2
Recital 2
(2) 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 Regulationinvestment. To ensure that Member States carry out investment and that income redistribution takes place in a consistent, coherent and well-coordinated manner, in order to promote real economic convergence, it is necessary to establish a governance framework for the budgetary instrument for convergence and competitiveness for the euro area.
Amendment 55 #
Proposal for a regulation
Recital 4
Recital 4
(4) On an annual basis, the Council should and for the purposet out strategic orientationf the allocation process onf the reform and investment priorities for the euro area, as part of the recommendation on the economic policy of the euro area. The strategic orientations should be adopted by the Councilbudgetary instrument of convergence and competitiveness referred to in Regulation (EU) XXXX/XX [Reform and Investment Support Programme Regulation]8a,the Council should adopt strategic orientations on the investment priorities for the euro area acting by qualified majority on a recommendation from the Commission, and after the Eurogroupcompetent committee of the European Parliament has discussed the reforms and investment priorities that it considers relevant and appropriate for inclusion therein. The annual Euro Summit will play its roleose strategic orientations should take into account the EU’s social and climate objectives.
Amendment 62 #
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 to the European Parliament and to the Council simultaneously.
Amendment 68 #
Proposal for a regulation
Recital 6
Recital 6
(6) The Member States whose currency is the euro can decide to submit proposals for reform and investment packages under the budgetary instrument for convergence and competitiveness. To that end, the Council will adopt a Recommendation providing country-specific guidance on the objectives of reforms and investment that can be supported under the budgetary instrument for convergence and competitiveness in Member States whose currency is the euro. This Council Recommendation should be consistent with the strategic orientations adopted under this Regulation, and with the country-specific recommendations that are adopted, in parallel, under the European Semester of economic policy coordination further to discussions, where appropriate, within the relevant Treaty- based committees. The Council Recommendation shall also duly take into account any macroeconomic adjustment programme approved in accordance with the relevant provisions of Regulation (EU) No 472/2013 of the European Parliament and of the Council9 . _________________ 9 Regulation (EU) No 472/2013 of the European Parliament and of the Council of 21 May 2013 on the strengthening of economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulties with respect to their financial stability (OJ L 140, 27.5.2013, p. 1) based on the approved strategic orientations for investment of the euro area.
Amendment 75 #
Proposal for a regulation
Recital 7
Recital 7
Amendment 91 #
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, the competent committee of the European Parliament can 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 must make allrelevant information available to the European Parliament.
Amendment 115 #
Proposal for a regulation
Article 3 – paragraph 1 – introductory part
Article 3 – paragraph 1 – introductory part
This Regulation shall contribute to the convergence and competitiveness of the economies of the Member States whose currency is the euro by defining a governance framework relevant for the budgetary instrument for convergence and competitiveness, which sets out: the strategic orientations for investment priorities of the euro area to be addressed through the budgetary instrument for convergence and competitiveness.
Amendment 129 #
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, as part of the euro-area recomm, the European Parliament and the Council shall establish, on an annual basis, the strategic oriendtation and on an annual basis, the strategic orientations for the reform and investment priorities of the euro areas for the investment priorities of the euro area. The strategic orientations for the investment priorities must take into account the urgency of fighting socioeconomic and regional inequalities and promote the energetic transition, as well as the need for promoting convergence within the eurozone, thus favouring investments in less developed countries.
Amendment 141 #
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 the European Parliament and the Council on how the strategic orientations of the preceding years have been followed by the Member States.
Amendment 151 #
Proposal for a regulation
Article 5
Article 5
Amendment 156 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
Amendment 169 #
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 must make all relevant information available to the European Parliament on a regular basis.