Activities of Sylvie GOULARD related to 2010/0278(COD)
Reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on the effective enforcement of budgetary surveillance in the euro area PDF (375 KB) DOC (283 KB)
Amendments (3)
Amendment 107 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) A system of common eurobonds based on national debts amounting to a certain percentage of Member State specific GDP, and in any case below 60 % of GDP, pooled and merged into a unified sovereign bond market would encourage compliance with the SGP and fiscal orthodoxy. The system of common eurobonds with strict allocation and requirements for the pooled debt alongside remaining national debt would enable enforcement of fiscal discipline by both policy and markets. Such a system ensuring part of the national debt being pooled while the rest remains the sole responsibility of each Member State would result in a system of gradual sanctions and rewards reducing the probability of a crisis.
Amendment 195 #
Proposal for a regulation
Article 1 – paragraph 1 a (new)
Article 1 – paragraph 1 a (new)
1a. In order to enhance the dialogue between the Union institutions, in particular the European Parliament, the Council and the Commission, and the parliaments, governments and other relevant bodies of the Member States, and to ensure greater transparency and accountability, the competent committee of the European Parliament may organise public debates and hearings on macro- economic and budgetary surveillance undertaken by the Council and the Commission.
Amendment 203 #
Proposal for a regulation
Article 2 a (new)
Article 2 a (new)
Article 2a [European Monetary Fund] A [European Monetary Fund] shall be established with the aim of safeguarding financial stability of the euro area and reinforce budgetary discipline among Member States. The interest earned by the Commission on deposits lodged and fines collected in accordance with [Articles 3, 4 and 5 of this Regulation, Article 12 of Regulation (EC) No 1467/97 and Article 3 of Regulation (EU) No .../2010 on enforcement measures to correct excessive microeconomic imbalances in the euro area] shall be credited to the European Monetary Fund, and shall be: (a) managed under Union rules; and (b) used for the purposes of the current EFSF and ESM and any future structure that will take on their responsibilities. The [EMF] may have additional financial resources through contributions from Member States in accordance with their compliance with the Stability and Growth Pact.