12 Amendments of Sylvie GOULARD related to 2011/0386(COD)
Amendment 103 #
Proposal for a regulation
Recital 12 a (new)
Recital 12 a (new)
(12a) Under a redemption fund, the debt above the reference value laid down in Protocol (No 12) on the excessive deficit procedure could be transferred to a common fund subject to joint liability. A consolidation path would need to be laid down for each Member State according to which it would be obliged to autonomously redeem the transferred debt over a period of 20 to 25 years.
Amendment 118 #
Proposal for a regulation
Article -1 (new)
Article -1 (new)
Article -1 Economic dialogue The competent committee of the European Parliament may invite the President of the Council, the Commission and, where appropriate, the President of the European Council or the President of the Eurogroup, to appear before the committee to discuss Council decisions under Article 126(6) TFEU, Council recommendations under Article 126(7) TFEU, notices under Article 126(9) TFEU or Council decisions under Article 126(11) TFEU. The competent committee of the European Parliament may offer the opportunity to the Member State concerned by the closer monitoring referred to in Article 6(6) to participate in an exchange of views. The Council and the Commission shall regularly inform the European Parliament of the application of this Regulation.
Amendment 145 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. Member States shall have in place numerical fiscal rules on the budget balance that implement in the national budgetary processes their medium-term budgetary objective as defined in Article 2a of Regulation (EC) No 1466/97. Such rules shall cover the general government as a whole and be of binding, preferably constitutional, nature. Member States may deviate temporarily from the medium- term objective or the adjustment path towards it in exceptional circumstances, provided that such deviation does not endanger fiscal sustainability in the medium term.
Amendment 152 #
Proposal for a regulation
Article 4 – paragraph 1 a (new)
Article 4 – paragraph 1 a (new)
1a. Member States shall ensure that the annual budgetary position of the general government is balanced or in surplus. To that end, as a special agreement among Member States to go beyond Regulation (EC) No 1466/97, the annual structural balance of the general government shall not exceed a country-specific reference value, with a limit of a structural deficit of 0,5% of GDP. Where the general government debt level is significantly below 60% of GDP and risks to long-term fiscal sustainability are low, the country- specific reference value for the annual structural balance of the general government may reach a limit of a structural deficit of at most 1% of nominal GDP.
Amendment 157 #
Proposal for a regulation
Article 4 – paragraph 1 b (new)
Article 4 – paragraph 1 b (new)
1b. Member States shall put in place a correction mechanism to be triggered automatically with the aim of correcting significant observed deviations from the medium-term objective or the adjustment path towards it, including their accumulated impact on government debt dynamics. The Commission shall adopt delegated acts further specifying the nature, size and time frame of the correction mechanism, including in the case of exceptional circumstances.
Amendment 161 #
Proposal for a regulation
Article 4 – paragraph 1 c (new)
Article 4 – paragraph 1 c (new)
1c. Member States shall ensure rapid convergence of their medium-term objectives on the basis of ambitious and binding time frames proposed by the Commission, which take country-specific fiscal sustainability risks into consideration. The proposed time frames shall be made public.
Amendment 202 #
Proposal for a regulation
Article 5 – paragraph 5 – subparagraph 1
Article 5 – paragraph 5 – subparagraph 1
5. Where the Commission identifies particularly serious non-compliance with the budgetary policy obligations laid down in the Stability and Growth Pact, it shall, within two weeks from the submission of the draft budgetary plan, request a revised draft budgetary plan from the Member State concerned. This request shall be made public and the Commission shall explain its request in front of the competent committee of the European Parliament.
Amendment 222 #
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 publicCommission shall present in public its overall assessment to the competent committee of the European Parliament.
Amendment 228 #
Proposal for a regulation
Article 6 – paragraph 4
Article 6 – paragraph 4
4. The Eurogroup and the competent committee of the European Parliament shall discuss opinions of the Commission on the national budgetary plans and. They shall also discuss 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 public.
Amendment 248 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 1
Article 7 – paragraph 3 – subparagraph 1
Member State shall report regularly to the Commission and to the Economic and Financial Committee or any sub-committee it will designate for that purpose, for the general government and its sub-sectors, the in-year budgetary execution, the budgetary impact of discretionary measures taken on both the expenditure and the revenue side, targets for the government expenditure and revenues, as well as information on the measures adopted and the nature of those envisaged to achieve the targets. The report shall be made public. The competent committee of the European Parliament may offer the opportunity to the Member State concerned to participate in an exchange of views.
Amendment 256 #
Proposal for a regulation
Article 7 – paragraph 6 a (new)
Article 7 – paragraph 6 a (new)
6a. The competent committee of the European Parliament may offer the opportunity to the Member State concerned by the closer monitoring referred to in paragraph 6 to participate in an exchange of views.
Amendment 273 #
Proposal for a regulation
Article -11 (new)
Article -11 (new)