21 Amendments of Liem HOANG NGOC related to 2010/0279(COD)
Amendment 51 #
Proposal for a regulation
Recital 1
Recital 1
(1) The coordination of the economic policies of the Member States within the Union, as provided for by the Treaty, should entail compliance with the guiding principles of stable prices, a high rate of employment, progressive and redistributive taxation, a high level of universal social protection, sound public finances and monetary conditions and a sustainable balance of payments.
Amendment 78 #
Proposal for a regulation
Recital 3
Recital 3
(3) In particular, surveillance of the economic policies of the Member States should be broadened beyond budgetary surveillance to prevent excessive macroeconomic imbalances and help the Member States affected by either deficits or surpluses to devise corrective plans before divergences become entrenched. This broadening should go in step with a deepening of fiscal surveillance based on extensive studies of the general economic background in each country.
Amendment 90 #
Proposal for a regulation
Recital 6
Recital 6
(6) Enforcement of Regulation (EU) No […/…]4 should be strengthened by establishing fines for Member States whose currency is the euro in case of repetitiveated unjustified non-compliance with the recommendations to address excessive macroeconomic imbalances whether deficit or surplus.
Amendment 97 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) Enforcement should also be strengthened through provision for incentives as well as penalties.
Amendment 104 #
Proposal for a regulation
Recital 8
Recital 8
(8) Repeated unjustified failure to comply with Council recommendations to address excessive macroeconomic imbalances should, as a rule, be subject to a yearly fine,penalty until the Council establishes that the Member State has taken corrective action to comply with its recommendations.
Amendment 110 #
Proposal for a regulation
Recital 9
Recital 9
(9) Moreover, repeated unjustified failure of the Member State to draw up a corrective action plan to address the Council recommendations should be equally subject toas a yearly fine as a rulerule to a penalty, until the Council establishes that the Member State has provided a corrective action plan that sufficiently addresses its recommendations.
Amendment 119 #
Proposal for a regulation
Recital 10
Recital 10
(10) To ensure equal treatment between Member States, the finepenalty should be identicalsimilar for all Member States whose currency is the euro, and equal to 0.1% of the gross domestic product (GDP)proportionate to the general economic situation of the Member State concerned in the preceding year.
Amendment 124 #
Proposal for a regulation
Recital 11
Recital 11
Amendment 129 #
Proposal for a regulation
Recital 11
Recital 11
(11) The procedure for the application of the finpenalties on the Member States which, without justification, fail to take effective measures to correct macroeconomic imbalances should be construed in such a way that the application of the fine on those Member States would be the rule and not the exceptionpenalty would be imposed on those Member States uncompromisingly.
Amendment 136 #
Proposal for a regulation
Recital 12
Recital 12
(12) The collected fines should be distributed between Member States whoscredited to the cEurrency is the euro which are neither the subject of an excessive imbalance procedure nor have an excessive defopean Union budget as extraordinary revenue and should be used primarily to finance cohesion policites.
Amendment 153 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Regulation sets out a system of fines and incentives for effective correction of macroeconomic imbalances in the euro area.
Amendment 157 #
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
2. This Regulation shall apply to Member States whose currency is the euro and, on a voluntary basis, to Member States seeking to join the eurozone.
Amendment 170 #
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – introductory part
Article 3 – paragraph 1 – subparagraph 1 – introductory part
A yearly finepenalty shall be imposed by the Council, acting on a proposal by the Commission, if:
Amendment 176 #
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – point 1
Article 3 – paragraph 1 – subparagraph 1 – point 1
(1) two successive deadlines have been set in accordance with Articles 7(2) and 10(4) of Regulation (EU) No […/…], and the Council thereafter concludes in accordance with Article 10(4) of that Regulation that the Member State concerned, without furnishing any justification, has still not taken the recommended corrective action, or if
Amendment 180 #
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – point 2
Article 3 – paragraph 1 – subparagraph 1 – point 2
(2) two successive deadlines have been set in accordance with Articles 8(1) and 8(2) of Regulation (EU) No […/…], and the Council thereafter concludes in accordance with Article 8(2) of that Regulation that the Member State concerned has again submitted an insufficient corrective action plan, and without justification, submitted a corrective action plan that is judged to be insufficient.
Amendment 187 #
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 2
Article 3 – paragraph 1 – subparagraph 2
Amendment 189 #
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 2
Article 3 – paragraph 1 – subparagraph 2
The decision shall be deemed adopted by the Council unless it decides,Council shall adopt the decision by a qualified majority, to reject the proposal within ten days the Commission adopting it. The Council may amend the proposal in accordance with Article 293(1) of the Treaty of its members, following consultation with Parliament and with the social partners. The Council may amend the proposal by a qualified majority of its members.
Amendment 194 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The yearlyIf it is decided to impose a financial penalty, the fine to be proposed by the Commission shall be 0.1% of the GDP of the Member State concerned in the preceding year, net of all investments made in pursuit of the objectives of the EU 2020 strategy or of the aims of the Union as set out in Article 3 of the Treaty on European Union.
Amendment 213 #
Proposal for a regulation
Article 3 – paragraph 4
Article 3 – paragraph 4
4. If a Member State has paid a yearly fine for a given calendar year and the Council thereafter concludes, in accordance with Article 10(1) of Regulation (EU) No […/…] that the Member State has taken the recommended corrective action in the course of the given year, the fine paid for the given year shall be returned to the Member State pro rata temporis.
Amendment 234 #
Proposal for a regulation
Article 4
Article 4
Fines collected in accordance with Article 3 of this Regulation shall constitute other revenue, as referred to in Article 311 of the Treaty, and shall be distributed, in proportion to their share in the total gross national income (GNI) of the eligible Member States, between Member States whose currency is the euro and which are not the subject of an excessive imbalance procedure within the meaning of Regulation (EU) No […/…] and do not have an excessive deficit as determined in accordance with Article 126(6) of the Treatyused primarily to finance the Union’s cohesion policies, especially for the benefit of Member States with serious macroeconomic imbalances, or to finance projects to promote the integration and upward convergence of economies within the Union.
Amendment 247 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
For the measures referred to in Article 3, only members of the Council representing Member States whose currency is the euro and Member States applying this regulation on a voluntary basis shall vote and the Council shall act without taking into account the vote of the member of the Council representing the Member State concerned.