17 Amendments of Liem HOANG NGOC related to 2009/2203(INI)
Amendment 10 #
Motion for a resolution
Recital J
Recital J
J. whereas the rules of the Stability and Growth Pact (SGP) were not designed for the purposes of the expected post-crisis level of public debt; whereas the rules of the SGP were amended in 2005 so that budgetary policies could be adapted to cope with exceptional circumstances,
Amendment 27 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Is concerned by the economic consequences of a fast loss of value of the US dollar and the currencies linked to it for the economy of the European Union;
Amendment 38 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Warns against focusing essentially on wage moderation as a way to achieve price stability; recalls that increased global competition has already contributed to a downward pressure on wages, while higher commodity prices have harmed the purchasing power of EU consumers; proposes that real salaries should rise in line with productivity gains, in order to guarantee long-term stability in the distribution of income;
Amendment 44 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Calls on the ECB to develop a plan on how to avoid new asset price bubbles – while bearing in mind that restricting the general offer of credit to enterprises and consumers has high costs for employment and economic development – e.g. by adopting a policy of differentiated exchange rates depending on the type of transactions to be financed;
Amendment 47 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Calls for a world monetary conference to be organised under the auspices of the IMF in order to hold global consultations on monetary questions and to explore the arguments for creating a supranational reserve currency to neutralise the counter-productive effects of exchange rate fluctuations;
Amendment 55 #
Motion for a resolution
Paragraph 13
Paragraph 13
Amendment 58 #
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 61 #
Motion for a resolution
Paragraph 15
Paragraph 15
Amendment 68 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 74 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Considers that the European budget is not sufficiently large to limit the imbalances between Member States effectively and suggests reexamining its size in the context of the European Union’s financial perspectives;
Amendment 81 #
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 90 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Reiterates its view that economic coordination should take the form of an integrated European economic and employment strategy on the basis of a future review of the Lisbon Strategy, the Integrated Guidelines, the Sustainable Development Strategy and the convergence and stability programmes;
Amendment 92 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Expresses its deep concern over the unsustainable level of public debtgrowth in unproductive debt in some Member States and its predicted rapid increase in 2010 and 2011 which forms an even larger burden, bearing in mind that future generations will inherit the growing ecological and private financial debt;
Amendment 104 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Considers it necessary to reviewcomply with the spirit of the ruleseview of the SGP, which were not designed for the purposes of the expected post- crisis levels of accumulated debt in many Member St2005 SGP and thus enable the Member States to retain their economic support measures until the recovery has been consolidatesd;
Amendment 110 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Supports the Commission’s use of the excessive deficit procedure in order to reduce public deficit but insists that Member States’the quality of the Member States’ debt and their conjunctural situation be taken into account;
Amendment 113 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Considers that Member States with difficulties in sustaining their public finances should, in the first instance, be responsible for resolving those difficulties, particularly by means of a more appropriate fiscal policy;
Amendment 128 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Reiterates its view that Member States’ governments should, when deciding their national budgets, take into account the Integrated Guidelines and the country- specific recommendations as well as the overall budgetary situation in the euro area;Considers that the different national fiscal calendars and the main assumptions used in the underlying forecasts should be harmonised in order to avoid disparities caused by the use of different macro- economic forecasts (concerning, for example, global growth, EU growth, the oil barrel price and interest rates) and other parameters; calls on the Commission, Eurostat and the Member States to work towards the definition of tools to enhance the comparability of national budgets as regards spending in different categories;