5 Amendments of Emilie TURUNEN related to 2012/2028(INI)
Amendment 5 #
Draft opinion
Paragraph 1
Paragraph 1
1. Believes that Stability Bonds could do much to consolidate the internal market and, stimulate the economy and hence increase employment, especially by boosting the development of small and medium-sized enterprises; and by easening the pressure on sovereign bonds in certain countries to create space for growth and consolidation;
Amendment 17 #
Draft opinion
Paragraph 2
Paragraph 2
2. 2. Welcomes the fact that, as regards possible Stability Bond systems, a range of options have been put forwarassessed, but believes that it is necessary to assess all of the existurgent that the Commission puts forward a proposal to establish a binding proposals, as listed in Annex 2 of the Green Paper, and the recent proposal by the German Counciladmap towards euro area stability bonds under joint and several liabilities including short term measures such a the immediate issuance of Economic Experts; considers that it is important to know how far the high degree of moral hazard attributed to option 1 could be counteracted by varying the interest rates to be charged to countries, or whether the higher interest rates on ‘red bonds’ would quickly become unsustainable for countries using that source of finmmon short- term debt in the form of eurobills, the setting up of a temporary European redemption fund to reduce debt to sustainable levels at affordable interest rates as well as the coordination of the remaining sovereign debt under National issuance;
Amendment 22 #
Draft opinion
Paragraph 3
Paragraph 3
3. Points out to the Commission that the rights of current bondholders would have to be taken into account if the new Stability Bonds were to be givenestablishment of a roadmap towards stability bonds needs to define and make explicit a balanced set of economic and institutional conditions attached to every step of the roadmap as well as arrangements related to the seniority status in relation to existing debt obligationof jointly issued instruments;
Amendment 23 #
Draft opinion
Paragraph 4
Paragraph 4
4. Calls on the Commission to clarify under what circumstances non-compliant Member States could be put under European Union ‘admthe coordination and surveillance mechanims required for a swiftly enforcement of the economic and inistraution’ and what powers of intervention would be conferred upon the EUal conditions necessary for an efficient and sustainable implementation of the roadmap;
Amendment 27 #
Draft opinion
Paragraph 5
Paragraph 5
5. Asks the Commission to clarify the rules governing bonds and to determine which bodies would be competent in the event of a disputethat will govern jointly issued instruments and to determine the appropriate arrangements required for each step of the roadmap in order to make the necessary provision in advance for the defence mechanisms to be laid down forprotection of investing citizens;