Activities of José GUSMÃO related to 2023/2063(INI)
Shadow reports (1)
REPORT on the European Semester for economic policy coordination 2024
Amendments (14)
Amendment 27 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
C a. Whereas headline inflation reached its peak on October 2022 at 10,6% and core inflation on March 2023 at 5,7%; whereas ECB projections of core inflation are constantly revised upward; whereas ECB recognises that a significant part of the reduction of headline inflation was due to external factors such as the prices of commodities; whereas, according to the September projections, the withdrawn of energy and inflation fiscal compensatory measures will contribute again to a positive effect of energy inflation to headline inflation in the second quarter of 2024.
Amendment 43 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
E a. Whereas net public investment as a proportion of GDP fell sharply in the EU after the financial crisis, hitting particularly strongly the Southern European countries and reaching in some cases negative levels; whereas this ratio has not fully recovered since then due to fiscal consolidation pressure under the former EU economic governance rules.
Amendment 45 #
Motion for a resolution
Recital E b (new)
Recital E b (new)
E b. Whereas the revision of the Economic Governance rules must guarantee that Member States have the flexibility to cover their needs of public investment to promote climate transition and conversion, in order to achieve the climate goals defined in Paris Agreement, as well as to achieve the objectives of the European Social Pillar.
Amendment 62 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Expresses concern about the weak growth in the EU; notstresses the continuous impact of energy prices and inflation on the purchasing power of households, and on the ability to perform of EU companies;ffecting in particular the most vulnerable ones as well as SMEs.
Amendment 74 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Notes that the analysis carried out by the ECB itself has shown that the rise in profits, not wages, has been one of the key factors in the current inflationary period; recalls that real wages have been falling substantially over the last months in Euro Area countries.
Amendment 77 #
Motion for a resolution
Paragraph 2 b (new)
Paragraph 2 b (new)
Amendment 128 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Shares the view that the 2024 CSRs need to be focused on a limited set of challenges; underlines that CSRs must equally serve to enhance competitiveness, promote the green and digital transitions and ensure social fairness; stresses that CSRs need to take account of social vulnerabilities;upward social convergence, address social vulnerabilities and end harmful tax practices.
Amendment 156 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers it necessary toRegrets that the reform of the EU fiscal rules and welcomes , does not give to the Member States a true ownership to decide on their reference trajectories, neither proposals put forward by the Commission;vides enough room of manoeuvre to do the necessary investments to achieve the EU goals on green and digital transition, as well as the Pillar of Social Rights. Strongly regrets the absence of preferential treatment for future-oriented public spending, such as green investment, from debt and deficit limits.
Amendment 166 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9 a. Regrets the lack of willingness to change the arbitrary fiscal limits of 3% of deficit and 60% of debt to GDP thresholds. Recalls that these limits lack sound economic justification and have led to undifferentiated reduction of public spending in the past.
Amendment 176 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Underlines that the reform must lead to a simplification of the framework, be more country-specific and strengthen its enforceability, and enable Member States to meet the public investment needs for the green and digital transitions of their economies without undermining the sustainability of government debt;, as well as to achieve the goals of the European Pillar of Social Rights.
Amendment 202 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Acknowledges the need to avoid enduring excessive deficits and calls for common rules based on objective criteria as a way to achieve this goalIs deeply concerned with the use of the net primary expenditure as a sole control variable for possible excessive deficits; Deeply regrets the usage of the control account as a surveillance mechanism; stresses that, in return, those rules should not preclude temporary deviations from the net expenditure path due to dedicated, justifiable and strategicallycurtail expenditure dedicated to significant investments realising EU objectives;.
Amendment 212 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Acknowledges the differences between individual Member States regarding the sustainability of their debt and their capacity to reduce debt while still being able to invest; emphasises therefore the need to allow Member States to have different debt reduction paths;at there are different possible economic policies that would enable the sustainability of public debt, namely through strategic investment. Highlights that, recently, the IMF published evidence that, on average, fiscal consolidation does not reduce debt- to-GDP ratio.
Amendment 217 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the fact that the Commission negotiates with the Member States individual fiscal-structural plans; underlines that such an increase in discretionary power for the Commission must be accompanied by increased accountability towards the European Parliament;Stresses that Member States have the right to decide on their own reference trajectories, acknowledges that this decision may result from a constructive dialogue with the Commission, but that the Member State has the final decision, while complying with the rules laid down.
Amendment 227 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Considers the stronger involvement of national parliaments in determining the content and voting on fiscal structural plans to be a meaningful way to increase national ownership of fiscal structural plans;their reference trajectories to be a way to ensure their national ownership; stresses that the presentation of these plans must foresee the involvement and engagement with all the relevant stakeholders, such as trade unions, civil society, academia and NGOs.