9 Amendments of Helmut SCHOLZ related to 2011/2011(INI)
Amendment 4 #
Draft opinion
Paragraph 1
Paragraph 1
1. WelcomesTakes note of certain steps agreed by the G-20 Finance Ministers Summit in Paris on 19 February 2011 to measure global imbalances by a set of indicators including ‘the external imbalance composed of trade balance and net investment income flows and transfers’; urges the Commission to make sure that deeds follow words this time;
Amendment 5 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Points out that the debate on forms of global economic governance needs to address the issue of trade balances; identifies large trade deficits as well as large trade surpluses of economies as destabilising elements to a sustainable global economic development;
Amendment 21 #
Draft opinion
Paragraph 4
Paragraph 4
4. Is convinced that in order to target global trade imbalances multilateral rules are urgently needed with regard to exchange rate setting, the role of reserve currencies, and the limitation of excessive capital flows, including forms of capital control, and excessive price volatilities, including forms of supply-side management for particularly important products; reiterates its critical stand towards the role of today's dominant rating agencies and calls for the establishment of an international rating organisation independent from any nation state's interests;
Amendment 23 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Notes that a number of bilateral trade agreements are currently being negotiated by a variety of governments; points out that there is a risk inherent to this process that a de facto world trade regime is created which is less regulated and less transparent than the multilateral trade regime established within the framework of the WTO;
Amendment 27 #
Draft opinion
Paragraph 5
Paragraph 5
5. Is particularly concerned about the need to curb excessive food price volatility; calls on the Commission to design a specific EU Commodity Futures Trading Committee on the model of the USA with a competence to set individual and aggregated position limits on all commodity futures exchanges;
Amendment 34 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Calls on the Commission to revise its trade strategy with regard to strengthening of south-south trade and intra-regional trade in other parts of the world in order to decrease the vulnerability of many small economies and to contribute the development of strengthened economic partners in the future;
Amendment 35 #
Draft opinion
Paragraph 6 b (new)
Paragraph 6 b (new)
6b. Recalls that all current EU trade agreements need to include a strong sustainability chapter; emphasises, in this context, that economic governance needs to serve social and environmental advancement and must not be limited to purely monetary criteria;
Amendment 36 #
Draft opinion
Paragraph 6 c (new)
Paragraph 6 c (new)
6c. Emphasises that, for a well functioning of its multilateral GSP scheme and strong monitoring of its negotiated sustainability chapters, the European Union has a strong interest in the strengthening of the International Labour Organisation; reiterates its support for the Decent Work Agenda as one of the key instruments to build stable economies globally;
Amendment 37 #
Draft opinion
Paragraph 6 d (new)
Paragraph 6 d (new)
6d. Calls on the Commission to redefine the EU trade and investment strategy to include the BRIC countries as future major trading partners with own interests into a common global network of interlocked interests of social and ecological sustainable development;