20 Amendments of Roberto GUALTIERI related to 2015/2344(INI)
Amendment 67 #
Draft opinion
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Recalls that the European Parliament is the Parliament of the Economic and Monetary Union. Considers that the establishment of a fully-fledged euro area fiscal capacity and its incorporation into the treaties shall require, without prejudice to Article 14(2) TEU and notwithstanding Article 231 TFEU, specific provisions in order to limit the corresponding budgetary prerogatives to Members elected in euro area and participating Member States constituencies.
Amendment 128 #
Motion for a resolution
Recital J a (new)
Recital J a (new)
Ja. whereas Art. 21 of the Financial Regulation allows for assigned revenues to be used to finance specific items of expenditure;
Amendment 132 #
Motion for a resolution
Recital J b (new)
Recital J b (new)
Jb. whereas according to art. 311 TFEU the EU budget shall be financed wholly from own resources without prejudice to other revenue;
Amendment 133 #
Motion for a resolution
Recital J c (new)
Recital J c (new)
Jc. whereas the abovementioned provisions allow euro area Member States to assign a financial contribution or a specific revenue to a specific item of expenditure within the EU budget; whereas euro area Member States can do that both by establishing a new own resource that is to be financed by them, and by classifying their financial contributions as ‘other revenue’;
Amendment 135 #
Motion for a resolution
Recital J d (new)
Recital J d (new)
Jd. whereas art. 175.3 TFEU allows the Union to adopt, under the ordinary legislative procedure, specific actions outside the existing Structural Funds which are considered necessary to coordinate the Member States’ economic policies, and whereas the ECJ in the case C-166/07 has clarified that nothing prevents those actions to address a specific part of the Union, as the euro area is;
Amendment 138 #
Motion for a resolution
Recital J e (new)
Recital J e (new)
Je. whereas article 136 TFEU offers a proper legal basis for the adoption of convergence guidelines and, in combination with art. 175.3 of an European Unemployment Benefit Scheme or a Rainy Day fund;
Amendment 293 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Takes the view that incentives for sound fiscal policymaking and for addressing structural weaknesses at national level, taking into account the aggregate euro area fiscal stance and ensuring, that all Eurozone countries contribute to macroeconomic adjustment towards real convergence, including those who have greater fiscal space to be used to the benefit of the monetary union as a whole, are core elements for the functioning of the euro area; considers that beyond a proper use of the MIP between deficit and surplus countries, a fiscal capacity should, moreover, address specific concerns for the euro area in the case of absorbing shocks;
Amendment 379 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Calls for the creation of a euro area fiscal capacity within the EU budget and over and above the ceilings of the Multiannual Financial Framework (MMF) to be considered as an assigned revenue according to art. 21 of Regulation 966/2012;
Amendment 382 #
Motion for a resolution
Paragraph 18 b (new)
Paragraph 18 b (new)
18b. Considers that such a fiscal capacity should be open to participation of Member States with a temporary derogation from adopting the euro;
Amendment 383 #
Motion for a resolution
Paragraph 18 c (new)
Paragraph 18 c (new)
18c. Underlines that such a fiscal capacity can be, as a first step, financed by contributions from participating Member States or specific revenues classified as "other revenues", and in a second step by establishing, in the Own Resources Decision, a new own resource that is to be financed by participating Member States; considers that in a steady state a revision upwards of the own resources ceiling should be agreed in order to be adapted to a multitier budget, and that appropriate provisions to better manage such a multitier budget should be finally incorporated into the Treaties;
Amendment 384 #
Motion for a resolution
Paragraph 18 d (new)
Paragraph 18 d (new)
18d. Stresses that the fiscal capacity should be financed by additional resources and not by redeployments within the current Union budget and Multiannual Financial Framework;
Amendment 437 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Considers that the fiscal capacity for the euro area should be funded by own resources of the EMU, including revenues from a financial transaction tax, and new financing instruments as Eurobonds;
Amendment 441 #
Motion for a resolution
Paragraph 21 b (new)
Paragraph 21 b (new)
21b. Stresses that a euro area fiscal capacity should be complemented by a long term strategy for debt sustainability and reduction of eurozone countries, including partial pooling and common management of sovereign debt, which would bring down overall re-financing costs and debt/GDP ratios to give more margin for growth enhancing policies and investment;
Amendment 488 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Considers that structural reforms should be ecologically and socially balanced and aim at strengthening growth potential towards a fully sustainable new growth model, promoting fair and sustainable welfare systems and reducing social inequalities;
Amendment 555 #
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 1
Paragraph 26 – indent 3 – paragraph 1
– investment, notably in research and development;, healthcare and education,
Amendment 557 #
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 1 a (new)
Paragraph 26 – indent 3 – paragraph 1 a (new)
– Social cohesion, including EMU- wide minimum social standards;
Amendment 568 #
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 2
Paragraph 26 – indent 3 – paragraph 2
This five-year period should in exchange allow for a phasing-in of the new tasks attributed to the ESM/EMFfiscal capacity;
Amendment 616 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Notes that the two models for the shock absorption function are featured most prominently in the academic literature: a Rainy Day Fund and a European Unemployment Benefit Scheme; underlines that intermediate solutions can be envisaged between the two models;
Amendment 649 #
Motion for a resolution
Paragraph 31
Paragraph 31
31. Acknowledges that the model of a European Unemployment Benefit Scheme would foster conPoints out that an Unemployment Benefit Scheme should address short term cyclical unemployment supporting national schemes in case of severe downturns; underlines that such a function would prevent structural divergence ofs in labour markets and foster convergence in the medium term;
Amendment 669 #
Motion for a resolution
Paragraph 32
Paragraph 32
32. Considers that the EMFfiscal capacity should provide the financial resources for either of these models, which could require increasing the amount of capital; points out that the fund should avoid long-term redistribution effects by ensuring Member States’ contributions are balanced over the cycle;