7 Amendments of Burkhard BALZ related to 2015/2115(INI)
Amendment 49 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls that the modest recovery expected for the coming years in the euro area will not be sufficient to reduce the high unemployment rates recorded in many euro area Member States or to reduce the burden of debt; believes that Members States have to deliver on the implementation of economic reforms, also and in particular in the labour markets, to enhance their competitiveness;
Amendment 61 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Deplores the existing gap between financing rates granted to SMEs and those granted to bigger companies; considers that this long-standing problem is not appropriately addressed by the recent measures implemented by the ECB to boost bank lending; underlines in this regard that reliable economic policies, effective structural reforms and achievements in the public debt and deficit reduction are prerequisites for enhancing the recovery and the growth potential of the real economy, and thus of SMEs, in the Member States and in the EU;
Amendment 76 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. AcknowledgesTakes note that, in reaction to a complex environment of falling inflation, contraction of credit and sluggish economic growth, and with its interest rates close to the zero lower bound, the ECB resorted to non-conventional monetary policy instruments; is concerned about the long-term effects of these policies;
Amendment 143 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Stresses that the high and divergent levels of public and private indebtedness in some Member States are obstacles to the correct transmission of monetary policy, and that the non-conventional monetary policy implemented by the ECB is not able to change this situation; further points out that very low interest rates lead in the long-term to distortions in the business sector and will prove detrimental to private savings and pension plans;
Amendment 157 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. CUnderlines that the existing economic governance framework should be properly enforced, without differentiation between big and small Member States, and considers that the existing flexibility within the Stability and Growth Pact rules could be used to better address the weak recovery in some Member States, but believes that the implementation of reform programmes and sustainable budget policies are preconditions;
Amendment 226 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Calls for a thorough assessment of the Troika’s modus operandi and of the ECB’s involvement in the Troika and Quadriga frameworks, with a view to clarifying and redefining the scope of responsibilities and ensuring greater democratic accountability in the adoption and implementation of bailout programmes; invites the Council to reconsider the involvement of the ECB and IMF inunderlines that the economic development in those Member States which concluded adjustment programmes is evidence for the successful work of the Troika;
Amendment 259 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Believes that the current structure of the Banking Union should be coimplemented in the future with a single mechanism to guarantee bank deposits, aimed at avoiding capital flight in the event of a future banking crisiand properly enforced, including the capitalisation of the Single Resolution Fund and the national Deposit Guarantee Schemes;