12 Amendments of Derk Jan EPPINK related to 2011/2094(INI)
Amendment 6 #
Motion for a resolution
Recital C
Recital C
C. whereas thesizable amounts of State aid given during the crisis hasin the form of, for example, guarantee schemes, recapitalisation schemes and complementary forms of liquidity support on bank funding, have contributed to ansevere imbalances in public finances; whereas it is still unknown how far- reaching an impact this State aid and the guarantees provided to banks may have in the future if some of those guarantees are actually called in;
Amendment 7 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas protectionism and non- enforcement of competition rules would only deepen and prolong the crisis; whereas competition policy is an essential tool to enable the EU to have a dynamic, efficient and innovative internal market and to be competitive on the global stage;
Amendment 9 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the Commission Report on Competition Policy 2010; highlights, on the occasion of the 40th anniversary of this report, that the elimination of obstacles to the free movement of goods, services, persons and capital has always been the cornerstone of EU competition policy; points out that competition policy has brought numerous benefits in terms of consumer welfare and continues to be an essential tool for preserving the single market; stresses that the rules need to be updated to deal with new challenges;
Amendment 12 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses thatTakes note of the temporary regime applicable to State aid has been positive as an initial reaction to the crisis, but that; its cannot be prolonged unduly, and that a new, permanent regulatory system and new State aid ruloncerned that measures which are temporary in nature might ultimately not be that temporary; emphasises arthe necessary in order to tackle the flaws found in the pre-crisis legal system, in particular as regards the financial sectored to discontinue temporary measures and exemptions as soon as possible;
Amendment 14 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. WelcomNotes the announcement of specific rescue and restructuring guidelines for the banking sector; recommends to the Commission that it take into account the impact, in terms of distortion of competition, of the liquidity support provided by central banks during the rescue stage, and provide for the orderly restructuring of banks, with shareholder involvement, prior to the injection of public capital;
Amendment 30 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that private enforcement already exists in most of the Member States; takes note of the Commission's ideas concerning EU-wide collective redress; calls on the Commission to take careful note of all the potential risks that have been observed in other jurisdictions, including the USA; ; stresses that any EU instrument on collective redress should be limited to introducing a non-binding framework outlining common minimum standards, in line with the principles of subsidiarity and proportionality; believes that the specific issues arising in the competition field should be laid down in separate competition-specific legislative instruments;
Amendment 35 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Calls on the Commission once more to incorporate the basis for calculating fines, along with new fining principles, into Regulation (EC) No 1/2003;
Amendment 37 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Believes that the use of ever higher fines as the sole antitrust instrument may be too blunt, not least considering potential job losses as a result of an inability to make payments; emphasises that a policy of high fines should not be used as an alternative budget financing mechanism; favours a ‘carrot-and-stick’ approach with penalties that serve as an effective deterrent, in particular for repeat offenders, while encouraging compliance;
Amendment 45 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Urges the Commission to take a closer look at trickle-down economics when analysing possible abuses of dominant positions, when it discovers that the dominant position has not been abused;
Amendment 48 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Believes that the economic and financial crisis cannot justify a more benevolent assessmentrelaxation of EU merger casontrol policies; calls on the Commission to ensure that mergers designed to rescue or restructure ailing banks do not create more ‘too big to fail’ institutions;
Amendment 51 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Underlines that the application of competition rules to mergers must be evaluated from the perspective of the entire internal market;
Amendment 60 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Urges the Commission to treat competition issues in a complex environment such as multilateral payments with due care; believes that specific issues arising in this field should be addressed on a case-by-case basis;