7 Amendments of Derk Jan EPPINK related to 2011/0386(COD)
Amendment 65 #
Proposal for a regulation
Recital 5
Recital 5
(5) Strong public finances are best ensured at the planning stage and gross errors should be identified as early as possible. Member States should benefit not just from the setting of guiding principles and budgetary targets but also from a synchronised monitoring of their budgetary policies, public debt issuances, and excessive deficit correction measures.
Amendment 93 #
Proposal for a regulation
Recital 10
Recital 10
(10) As demonstrated by the sovereign debt crisis, and in particular by the need to put in place common financial backstops, Member States whose currency is the euro share enhanced spill-overs from their budgetary policy. Each of the Member States whose currency is the euro should therefore consult the Commission and other Member States whose currency is the euro before the adoption of any major fiscal policy reform plans with potential spill-over effects, so as to give the possibility for an assessment of possible impact for the euro area as a whole. They should considersubmit their budgetary plans to be of common concern and submit them to the Commission for monitoring purposes in advance of the plans becoming binding. The Commission should be in a position, if necessary, to adopt an opinion on the draft budgetary plan, that the Member State and in particular budgetary authorities should be invited to take into account in the process of the budget law adoption. Such an opinion should ensure that Union's policy guidance in the budgetary area is appropriately integrated in the national budgetary preparations. In particular, this opinion should include an assessment of whether or not the budgetary plans appropriately address the recommendations issued in the context of the European semester in the budgetary area. The Commission should stand ready to present this opinion topresent this opinion to the Parliament of the Member State concerned at its request and justify all its recommendations for adjustments of the proposed national budget before the Pparliament of the Member State concerned at its requestakes a simple majority vote on this opinion, thus democratically deciding whether this opinion will be binding on it or not. The extent to which this opinion has been taken into account should be part of the assessment, if and when the conditions are met, leading to the decision to place the concerned Member State in excessive deficit procedure, where no follow-up to the early guidance from the Commission should be considered as an aggravating factor. Also, based on an overall assessment of the plans by the Commission, the Eurogroup should discuss the budgetary situation and prospects for the euro area.
Amendment 112 #
Proposal for a regulation
Recital 13
Recital 13
(13) In order to enhance the dialogue between the Union institutions, in particular the European Parliament, the Council and the Commission, and to ensure greater transparency and accountability, the competent committee of the European Parliament may offer the opportunity tosure greater transparency and accountability, the Member State concerned by a Commission recommendation should be able to ask to participate in an exchange of views before the European Parliament's competent committee(s),
Amendment 192 #
Proposal for a regulation
Article 5 – paragraph 3 – point f a (new)
Article 5 – paragraph 3 – point f a (new)
(fa) an annual debt issuance plan reflecting funding requirements arising from the budgetary targets mentioned in point (a), including the repayment profile of debt obligations in the form of monthly expected interest and redemption payments;
Amendment 217 #
Proposal for a regulation
Article 6 – paragraph 2
Article 6 – paragraph 2
2. The Commission opinion shall be made public and, ain its entirety unless the Commission after consulting the Eurogroup, decides otherwise. At the request of the Parliament of the Member State concerned, the Commission shall be presented by the Commission to the Parliament concerned the published opinion to the Parliament of the Member State concerned and justify all its recommendations for adjustments of the proposed national budget before the Parliament of the Member State concerned takes a simple majority vote on this opinion to adopt it or reject it.
Amendment 223 #
Proposal for a regulation
Article 6 – paragraph 3
Article 6 – paragraph 3
3. The Commission shall make an overall assessment of the budgetary situation and prospects in the euro area as a whole. The assessment shall be made public in its entirety unless the Commission, after consulting the Eurogroup decides otherwise.
Amendment 226 #
Proposal for a regulation
Article 6 – paragraph 4
Article 6 – paragraph 4
4. The Eurogroup shall discuss the opinions of the Commission on the national budgetary plans and the budgetary situation and prospects in the euro area as a whole on the basis of the overall assessment made by the Commission in accordance with paragraph 3. The assessment shall be made publics provided for in paragraph 1 and the overall assessment of the Commission on the budgetary situation and prospects in the euro area as a whole as provided for in paragraph 3.