36 Amendments of Enikő GYŐRI related to 2019/2211(INI)
Amendment 3 #
Motion for a resolution
Citation 13
Citation 13
— having regard to the Commission communication of 21 Nov17 December 20189 entitled ‘Annual Sustainable Growth Strategy 2020’ (COM(2019)0650), and to the Commission’s Alert Mechanism Report 2020 of 17 December 2019 (COM(2019)0651),
Amendment 7 #
Motion for a resolution
Citation 17
Citation 17
— having regard to the Commission’s recommendation for a Council recommendation of 17 December 2019 on the economic policy of the euro area (2019/C652),
Amendment 9 #
Motion for a resolution
Citation 21
Citation 21
Amendment 15 #
Motion for a resolution
Citation 23
Citation 23
Amendment 16 #
Motion for a resolution
Citation 24
Citation 24
Amendment 22 #
Motion for a resolution
Citation 27
Citation 27
Amendment 23 #
Motion for a resolution
Citation 28
Citation 28
— having regard to the report of the Committee on Economic and Monetary Affairs, the opinions of the Committee on Budgets and the Committee on Regional Development (A9-0000/2019),
Amendment 32 #
Motion for a resolution
Recital A
Recital A
A. whereas the improvement in the economic situation and low interest rates provide an opportunity to use these good times to implement ambitious reforms, in particular measures aimed at encouraging public investment to tackle climate change and its social consequencereducing budget deficits, government debt and non- performing loans and to be prepared for another eventual recession or economic crisis and create full-time jobs;
Amendment 39 #
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas low interest rates environment is a golden opportunity to use windfall gains to reduce high levels of public debt in Member States;
Amendment 43 #
Motion for a resolution
Recital A b (new)
Recital A b (new)
A b. whereas according to the Commission forecast, eleven Member States are expected to have debt-to-GDP ratios of more than 60 % in 2021;
Amendment 45 #
Motion for a resolution
Recital A c (new)
Recital A c (new)
A c. whereas over the past two decades, total factor productivity in the euro area has lagged behind that of major global competitors;
Amendment 49 #
Motion for a resolution
Recital B
Recital B
B. whereas inequality of income in the euro area has increased since the beginning of the financial crisis; whereas there are between 50 and 100 million people affected by energy poverty in Europe;more needs to be done to further reduce inequality of income in the euro area
Amendment 81 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that, in view of the climate change emergency, the EU’s Annual Growth Survey (AGS) has now been renamed the Annual Sustainable Growth Survey (ASGS), and c. Considers that this implies a change in the positioning of the report and the implementation of ecological indicatorscannot override the original purpose and function of the European Semester, since it was established to provide a framework for the coordination of economic policies across the European Union. Promoting sustainable growth in a sustainable manner means to promote responsible fiscal policies, structural reforms and investment;
Amendment 108 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Calls on the Commission urgently to start work on the creation of it’s own coordination mechanism in the EU to ensure that Europe is able to become the first climate-neutral continent by 2050;
Amendment 134 #
Motion for a resolution
Subheading 2
Subheading 2
Economic outlook (based on winter Economic outlook)
Amendment 140 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes that the euro area is going through a prolonged period of subdued growth (1.1 3% in the euro area and 1.45% in the EU as a whole in 2019), with growth in the euro area in 2020 and 2021 forecast at 1.26 % and for the EU in 2020 and 2021 forecast at 1.4 8%; also notes that the euro area headline inflation rate is forecast to further slow down, to 1.24 % in 2019 and 2020, in a context of high uncertainty due to geopolitical tensions and Brexit; is concerned at the high level of private debtwith gradual pick-up to 1.5% in 2020, with 1.6% and 1.7% respectively in the EU 27;
Amendment 142 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Is concerned of the anaemic productivity and increasing level of private debts, is equally concerned that public debt in some Member States is expected to increase in 2021;
Amendment 148 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Is concerned that post-crisis investment has been on a downward path in the EU in spite of historically low interest rates, currently standing at 3.4 %, with overall infrastructure investment now at about 75 % of its pre-crisis level; whereas 80 % of the shortfall is the result of cutbacks in the public sector, which have occurred particularly in countries subject to adverse macroeconomic conditions andin the same time notes that investment-to- GDP ratio is set to continue on a rising trend in the mfore severe fiscal constraints imposed cast horizon, disadvantaged regions already characterised by poor infrastructure quality and weak socio- economic outcomes, but also, and surprisingly, in countries with a large fiscal space;riven by the steady increases of the investments in the private sector.
Amendment 174 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Welcomes that for 2020, the European Fiscal Board recommends a neutral fiscal stance in the euro area, with appropriate country differentiation;
Amendment 178 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Highlights the problem of too low a level of public investmentNotes that the public investment- to-GDP ratio in 2020 is set to remain below its pre-crisis average level in almost half the EU Member States, while highlights that in terms of the quality of public spending, the aggregate public investment-to-GDP ratio in the euro area is projected to increase from 2.7% in 2018 to 2.9% in 2020-2021; calls on the Commission to assess the cost of not taking acsituation in this area, in particular by evaluating the difference between the need for investment and the actual investments made;
Amendment 211 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Shares the concern expressed in others of thetresses EFB’s conclusions regarding the pro-cyclical elements in the EU fiscal rules, which forced Member States to adjust their economies in a pocannot easily disentangle what is due to the fiscal framework or difficultto the economic situation, failing to improve the quality of public finance and promote investment; welcomes the EFB’s recommendation of a seven-year cycle mirroring the MFF so as to better coordinate Member States’ public accounts, and especially investmentand political context, the six-pack reform and subsequent reinterpretations of the rules have de facto neither reduced pro- cyclicality nor sufficiently encouraged counter-cyclicality; is concerned that pro- cyclical tightening during the crisis was particularly pronounced in countries with high debt that had not taken advantage of the good times preceding the crisis to create fiscal buffers;
Amendment 219 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. NotesIs concerned that the debt levels of all the11 Member States are above the pre-crisis level and are expected to exceed 60 % in 2021; further notes that in six3 Member States the ratio will be higher than 9100 %; highlights the fact that the fiscal rulpoor enforcement of the EU fiscal rules by the Member States have not contributed to bringing down the debt levels of highly indebted countries but have, raand could not prevent their, increased them;
Amendment 230 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Supports flexibility in the implementation of the SGP as proposed by the Commission in 2015; considers that much more flexibility should be introduced in order to boost investment and ecological transition in the EU; calls, therefore, for the reform of the SGP and thTakes note of the Commission communication on making the best use of the flexibility within the existing rules of the Stability and Growth Pact; notes that MS did not used provided flexibility to promote much needed investments via EFSI; is concerned that without sustainable fiscal policy and a credible financial situation of Member States any future fintroduction of a euro area fiscal capacityancing model of the ecological transition is endangered;
Amendment 257 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Notes that the Commission warranted in-depth reviews for 13 Member States identified as having imbalances; support’s report identified 13 Member States that may have macroeconomic imbalances and which should be subject to an in-depth review in 2020; notes the suggestion made in the Alert Mechanism Report (AMR) 2020 that a re balancing of both current account deficits and surpluses in the euro area is needed urgently and would be beneficial for all Member States;
Amendment 265 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Is concerned about the accelerating rise in house pricesthat in some Member States, developments in price or cost variables show potential signs of overheating, particularly as regards the housing market or the labour market;
Amendment 285 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Recalls the importance of the efficient regulation of the banking and financial sectors in order to prevent a new crisis; believes that such regulation must integrate the ecological situation; emphasises the importance of completing the Banking Union and the need to reform the European Stability Mechanism;
Amendment 310 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for qualified majority voting in Councilrespecting the provisions of the Treaties concerning the decision making on tax matters;
Amendment 326 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Calls for the systematicNotes the inclusion of tax matters, when necessary, in the Country Specific Recommendations (CSRs), with the aim of ensuring competitiveness and economic coherence across EU Member States as well as the fairness of EU tax systems; believes that the CSRs could ensure a fair balance between sources of revenue and should also include innovative elements aiming at; invites the Council to start considering innovative elements in taxation with the aim of reconciling competitiveness and the promotingon of the Green Deal, meanwhile guaranteeing a level playing field for EU companies; further believes that they should also support Member States in tackling tax avoidance and aggressive tax planning;
Amendment 346 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Notes that the EU-28 employment rate currently stands at 73.1 % - the highest annual average ever recorded - while unemployment stands at 7.6 % in the euro area and 6.3 % in the EU as a whole, with downward trend in 2020 and 2021;
Amendment 360 #
20. Takes note of AMR 2020’s finding that wage growth at euro area level remains below what would be expected at the current levels of unemployment on the basis of historical data, and that this affects the inflation rate; highlights that the currently low productivity and inflation together with structural reforms transferring collective bargaining to the enterprise level are detrimental to wage growth and are leading to greater income inequality and an increase in the numbers of working poor, with in-work poverty affecting almost one in ten workers in Europe; accordingly advocates wagethe labour markets continued to improve and unemployment has fallen in all EU Member States. Welcomes that in many Member States there were wage growth, but is concerned that the unit labour costs have been growing at a faster pace in many Member States due to both wage acceleration and reduced productivity growth;
Amendment 369 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Agrees that it is a matter of great concern that income inequality is above pre-crisis levels in some countries, being frequently linked to unStresses that equal opportunities in access to education, training and social protection are important elements to further reduce income inequalities;
Amendment 375 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Underlines the fact that the number of people at risk of poverty or social exclusion stands, on 2017 figures, at 113 million, or 22.5 % of the populationis declining in most Member States, and is now 5 million below the 2012 peak;
Amendment 387 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Welcomes the ASGS 2020’s proposals for fostering social and regional convergence towards better living and working conditions in the EUoffer to provide tailored incentives and support for reforms and investment via Budgetary Instrument for Convergence and competitiveness and asks for the same in the framework of Convergence and Reform Instrument for the non-eurozone Member States;
Amendment 392 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Highlights the time constraints on the current European semester process, which form an obstacle to full debate and the proper involvement in the process of civil society organisations, social partners, and even national parliaments and the EP, and contribute significantly to the lack of a sense of ownership and implementation; calls for the extension of the semester cycle to a biannual or triannual period, with the possibility of revision in case of major economic shocksnational parliaments and the EP;
Amendment 402 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Looks forward to the stronger involvement ofmonitoring by the EP and the closer involvement of national parliaments in the European Semester process and to the creation of an institutionalised dialogue with the Commission, the social partners, territories and civil society, at both EU and national level, in order to further boost the process’s democratic legitimacy;continue the dialogue with the Commission,
Amendment 415 #
Motion for a resolution
Paragraph 28
Paragraph 28