5 Amendments of Pascal CANFIN related to 2019/0161(COD)
Amendment 40 #
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2a) In order to deepen Economic and Monetary Union and improve the democratic accountability thereof, the role of a European Minister of Economy and Finance should be created, as laid down in the communication of the Commission of 6 December 2017 on a European Minister of Economy and Finance and the European Parliament resolution of 16 February 2017 on improving the functioning of the European Union building on the potential of the Lisbon Treaty. The European Minister of Economy and Finance would be a member of the Commission and would preside over the Eurogroup and the Board of Governors of the European Stability Mechanism. He or she would be accountable to the European Parliament, with regard to both the euro area format and the extended format. The European Minister of Economy and Finance would play an active role in establishing strategic orientations for the euro area and economic dialogue as laid down in this Regulation.
Amendment 44 #
Proposal for a regulation
Recital 3
Recital 3
(3) At the Union level, the European Semester of economic policy coordination is the framework for the identification of national reform priorities of the Member States and for the monitoring of the implementation of those priorities. This Regulation addresses the need to establish coherence between the reform and investment priorities for the euro area as a whole and the reform and investment objectives of the individual Member States whose currency is the euro, and to ensure their consistency with the European Semester. The priorities should take account of the Green Deal, and in particular the alignment of our economy with the Paris Agreement and climate neutrality, the digital agenda and stepping up European sovereignty in strategic sectors, and should be accompanied by a consistent industrial strategy at EU and euro area level.
Amendment 58 #
Proposal for a regulation
Recital 4
Recital 4
(4) On an annual basis, the Council should and for the purposet out strategic orientationf the allocation process onf the reform and investment priorities for the euro area, as part of the recommendbudgetary instrument of convergence and competitiveness referred to in Regulation (EU) XXXX/XX [Reform and Investment Support Programme Regulation on], the economic policy of the euro area. The strategic orientations should be adopted by the CouncilCouncil should adopt strategic orientations on the reform and investment priorities for the euro area, acting by qualified majority on a recommendation from the Commission, and after the Eurogroupcompetent committee of the European Parliament has discussed the reforms and investment priorities that it considers relevant and appropriate for inclusion therein. The annual Euro Summit will play its roleose strategic orientations should also serve as a basis for identifying reforms and investments required for the recovery after an emergency arising from exceptional circumstances which affect a specific Member State or the Union and that consequently increase resilience to shocks and emergency preparedness, while enabling the Union to achieve its long-term objectives, in particular with regard to achieving its climate and environmental objectives.
Amendment 92 #
Proposal for a regulation
Recital 10
Recital 10
(10) In order to enhance the dialogue between the Union institutions, in particular between the European Parliament, the Council and the Commission, and to ensure greater transparency and accountability in that economic dialogue, the competent committee of the European Parliament can invite the President of the Council, the Commission and, where appropriate, the President of the Eurogroup to appear before the committee to discuss the measures envisaged and taken pursuant to this Regulation. The Commission should make all relevant information available to the European Parliament and to the Council simultaneously.
Amendment 133 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. On a recommendation from the Commission, and after discussion in the Eurogroup, the Council shall establish, as parthaving heard the competent committee of the European Parliament, the Council shall establish, on an annual basis, the strategic orientations for the reform and investment priorities of the euro- area recommendation and on an annual basis, the strategic orientations for the reform and investment priorities of the euro area. in line with an extended European Semester which would supplement the current fiscal and budgetary discipline with climate and environmental discipline by establishing a new climate indicator to show Member States their temperature trajectory in the context of the Paris Agreement, thereby making it possible for the European Semester to make recommendations to the Member States about reducing their climate debt. The strategic orientations for the reform and investment priorities, together with the euro-area recommendations and national reform programmes in the context of the European Semester, enable the Union, in particular, to achieve the objectives of the Green Deal and speed up its transition to climate neutrality.