2 Amendments of Philippe LAMBERTS related to 2010/0821(NLE)
Amendment 20 #
Draft decision
Recital 4 h (new)
Recital 4 h (new)
(4h) The crisis has highlighted the need to speed up a balanced, sustainable and fully fledged economic convergence process and policy coordination going beyond the current framework and thus contributing to the strengthening of the Union method. Accordingly, any further revision of the Treaty under the normal procedure should contain proposals aimed at ensuring that provisions relating to the establishment and functioning of any stability mechanism are integrated and implemented under the Union method.
Amendment 25 #
Draft decision
Article 1
Article 1
The following paragraph shall be added to Article 136 of the Treaty on the Functioning of the European Union: "3. The Member States whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole or of Member States whose currency is the euro. The granting of any required financial assistance under the mechanism will be made subject to strict conditionality fully consistent with measures aimed at ensuring enhanced economic policy coordination and surveillance in conformity with Article 121, social cohesion, and the inclusion of horizontal clauses reflecting the provisions of Articles 7, 8, 9 and 11. In any circumstances these conditionalities will be publicly assessed with this objective in mind, and the assessment shall be made public.".