26 Amendments of Sari ESSAYAH related to 2012/2256(INI)
Amendment 15 #
Motion for a resolution
Recital D
Recital D
D. whereas the sharp deterioration of public deficits and debt, which has been seen since 2009 in many Member States, has been triggered by the reaction of governments to the crisis, in the absence of European anticyclical instrumentsis a result of a very deep international recession, the effects of which were deferred due to the response of public authorities salvaging national economies by using hundreds of billions of euros in total;
Amendment 26 #
Motion for a resolution
Recital E
Recital E
E. whereas the analysis of 2010 and 2011 statistics now clearly documents that the policy options taken caused a reversal of the mild recovery of 2010 resultinged from the premature and massive tightening of fiscal policy, with contractionary effects across Member States that still persistfact that postponing the effects of the deep crisis could not be continued by massive allocation of public money, but the negative effects had to be met and necessary restructuring of economies needed to be faced;
Amendment 49 #
Motion for a resolution
Recital I
Recital I
I. whereas eachall Member State iss are suffering from the consequences of its own fiscal tightening and of the synchronised rapid consolidation conducted by the other Member States; the crisis and face the necessity to move towards fiscal tightening and consolidation, and at the same time to try and improve the overall competitiveness of their economies in order to perform better in a tightening international competition;
Amendment 56 #
Motion for a resolution
Recital J
Recital J
J. whereas this fiscal tightening strategytends to freeze or forces down demand, wages and prices while driving up unemploymentthus increasing competitiveness, and a balance needs to be found to alleviate the consequences of temporarily reduced overall demand and increased unemployment especially in those economic sectors which need to be trimmed;
Amendment 63 #
Motion for a resolution
Recital K
Recital K
K. whereas recent International Monetary Fund (IMF) studies documensuggest that gradual and smooth fiscal consolidation is preferable to a strategy of reducing public finance imbalances too rapidly and abruptly, and thus an optimum speed needs to be sought in each Member State taking into consideration the country specific combination of boundary conditions;
Amendment 75 #
Motion for a resolution
Recital M
Recital M
M. whereas this shows that the gains from the internal market and common currency are spread very unevenlycompetitiveness of economies in the internal market and in the Eurozone vary a lot across the Member States, reducing the margin of manoeuvre of the weaker economies in response to crisis;
Amendment 77 #
Motion for a resolution
Recital N
Recital N
N. whereas austerity measures adopted by several Member States have reached an unprecedented dimension: the fiscal stance for Greece from 2010 to 2012 amounts to 18 points of GDP, for Portugal, Spain and Italy respectively 7.5, 6.5 and 4.8 points of GDP, without any significant signs of improvement of the economic and fiscal situation and with huge social disruption, calling for a new assessment of the policies imposed huge social disruption, but is getting better and producing some signs of improvement of the economic and fiscal situation;
Amendment 96 #
Motion for a resolution
Recital P
Recital P
P. whereas some surplus countries should have been asked tohave shared the adjustment burden not only by financial means but also by stimulating their own internal demand, notably by adjusting wages;
Amendment 103 #
Motion for a resolution
Recital Q
Recital Q
Q. whereas the Commission has been unable to makde a convincing case that the policy options imposed will deliver over time and that they will impact on society in a fair and acceptable waare necessary;
Amendment 116 #
Motion for a resolution
Recital U
Recital U
U. whereas the fiscal discipline pillar should be developed hand in hand with the solidarity and democracy pillars in each Member State;
Amendment 118 #
Motion for a resolution
Recital U a (new)
Recital U a (new)
Ua. whereas each Member State needs to find national unity over a reform strategy so that it may be understood and adhered to by the people and different economic actors, thus avoiding divisions, resistance and actions based on only short-term self- interest, which threaten the achievement of set targets;
Amendment 124 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the recognition in the AGS 2013 that growth is necessary in order to exit the crisis, but doubts whether the positive signs of recovery seen by the Commission are accurate; warns of the risk of a continued contraction of economic activity over the coming year resulting from the aggregate negative effect of significant and simultaneous procyclical budget cuts across the euro areabefore a sustainable recovery starts to gain more momentum;
Amendment 140 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Calls on the Commission to study seriously the possibility of spreading fiscal adjustment over a longer period, thereby providing additional temporary room for manoeuvre to re-igniteand propose how best to re- ignite and strengthen growth as soon as possible;.
Amendment 146 #
Motion for a resolution
Paragraph 3
Paragraph 3
Amendment 159 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Believes that the recent debate on the size of the fiscal multiplier, notably following the IMF analysis on this matter in its latest World Economic Outlook, has been unduly downplayedto bye the Commissionaken into account, while a broad consensus has been emerging on this matter from recent theoretical and empirical work in the existing economic literature; considers this matter to be of central importance to policy-making, as wrong fiscal multipliers can lead to massive policy mistakes; calls on the Commission, therefore, rapidly to open its macroeconomic modelling and forecasting to serious and systematic scrutiny byto keep consulting independent institutes of economic studies on a regular basis;
Amendment 163 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the recognition by the Commission of ‘a possible’ adjustment in the deadline for the correction of the excessive deficits as being justified, in full respect of the spirit and the letter of the Stability and Growth Pact; considers, however, that this recognition is already overdue;
Amendment 172 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Calls on the Commission to reassess the Member States' situation in the light of the exceptional circumstances they are facing – ‘an unusual event outside the control of the [Member States] which has a major impact on the financial position of the general government or periods of severe economic downturn as set out in the revised SGP (…)’;
Amendment 175 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Calls on the Commission and the Council to ease the path of consolidation for Member States with excessive deficits due to exceptional circumstances while ensuringnsure that ‘annual budgetary targets [...] are consistent with a minimum annual improvement of at least 0.5 % of GDP as a benchmark, in its cyclically adjusted balance net of one-off and temporary measures, in order to ensure the correction of the excessive deficit within the deadline set in the recommendation’, as formulated in the preventive arm of the SGP;
Amendment 182 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Calls on the Commission and the Council to balance productive public investment needs with fiscal discipline objectives by accommodatingssessing carefully the public investment programmes in its assessment of Stability and Convergence Programmes and excessive deficit procedures;
Amendment 187 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls on the Commission to start developing as a matter of urgency a plan which wouldways to ensure that elements of fiscal discipline are in parallel followed up with concrete proposals on solidarity among Member States and democratic legitimacy as part of the Interinstitutional Agretructural reforms and encouraging both public and private investments that create elements on the European Semesterf growth;
Amendment 195 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Calls on the Commission and the Council to improve substantially the quality, the national specificity and the adequacy of the country-specific recommendations, notably through a competent interpretation of the macroeconomic imbalances exercise;
Amendment 202 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Calls the Commission and the Council to ensure that investments in research, development and innovation are intensified and streamlined and the results are quickly turned by the public and private sectors in Europe into competitive advantage and increased productivity;
Amendment 203 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. Calls the Commission and the Council to intensify efforts to reduce dependency on imports of energy and raw materials in order to create a more environmentally, economically and socially sustainable Europe;
Amendment 209 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Calls on the Commission and the Council to revise the recommended fiscal adjustment policies whenever economies move into recession, guaranteeing minimum levels of social welfare, safeguarding basic labour rights and avoiding a recessionary spiral; calls on the Commission and the Council to propose Union instruments for social protection and minimum social standards;
Amendment 230 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Stresses that determined efforts by Member States to sustain public finances, at an appropriate pace, can only work if macroeconomic imbalancedeficits are reduced symmetrically;
Amendment 252 #
Motion for a resolution
Paragraph 17
Paragraph 17