Activities of Burkhard BALZ related to 2013/2076(INI)
Plenary speeches (1)
European Central Bank annual report for 2012 (debate)
Amendments (10)
Amendment 70 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that the availability of the ECB to provide further support to the financial and banking system must be properly subject to strong conditionality, in particular the commitment by institutions benefiting from such support to increase levels of credit to small and medium-sized enterprises and to households, without which such efforts would prove to be ineffective;
Amendment 93 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. WelcomesTakes note of the setting-up of the OMTs, with no ex ante quantitative limits, in order to safeguard monetary policy transmission, but depland supporets the decision to link the activation of the OMT to strict conditionalities attached to an EFSF/ESM programme; calls on the ECB to activate OMTs independently from strict conditionality;
Amendment 99 #
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 105 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Considers it necessary that the ECB programmes for liquidity provision also properly address inflationary concerns, for example by sterilisation;
Amendment 115 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers that the monetary policy tools that the ECB has used since the beginning of the crisis, while providing a welcome relief in distressed financial markets, have revealed their limits as regards stimulating growth and improving the situation on the labour market; consideralls, therefore, thaton the ECB could investigate the possibilities of implementing new unconventional measures aimed at participating in a large, EU-wide pro-growth programme, including the use of the Emergency Liquidity Assistance facility to undertake an ‘overt money financing’ of government debt in order to finance tax cuts targeted on low-income households and/or new spending programmes focused on the Europe 2020 objectivto address the need for further structural reforms, in particular in the labour markets, with Member States;
Amendment 134 #
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 164 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Invites the ECB to pay more attention to the contractionary effects on GDP, employment and social welfare created bythoroughly evaluate the austerity policies carried out by national governments in the framework of Economic Assistance Programmes involving the ECB and to address necessary improvements in structural and growth policies;
Amendment 203 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Stresses the importance of a fruitful cooperation between the ECB and the competent national authorities within the framework of the SSM, in order to ensure an effective and smooth supervision and in order to avoid a doubling of requirements for institutions; underlines that the principle of proportionality and the diversity in national banking sectors have to be taken into account;
Amendment 221 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Considers it urgent to approvedecide on the establishment of an European Resolution SystemU framework for resolution mechanisms in order to protect depositors and prevent further banking crises;
Amendment 230 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Notes that further regulatory action has to be taken in order to strengthen the stability of the banking system and avoid the developmentcontinuance of the ‘too big to fail’ syndrome, consideration should be given to introducing a full separation between deposit and investment banks, on the lines of the ‘Volcker Rule’ in the US;