Activities of Sylvie GOULARD related to 2013/2076(INI)
Plenary speeches (1)
European Central Bank annual report for 2012 (debate)
Amendments (23)
Amendment 38 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Is deeply concerned at the fact that persistently weak economic conditions are becoming the norm in Europe, creating overwhelming discontent among European citizens in parts of the EU, creating instability for the Eurozone as a whole and therefore jeopardising the wholatening the support of the European project;
Amendment 59 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Considers that the three-year LTRO settled on Marchs announced on 8 December 20121 contributed to stabilising the banking system, but that this should be a temporary measure; notes that, despite the liquidity injected into the banking system by the LTRO, the credit available to the real economy is still below pre-crisis levels; suggests that it would be appropriate for the ECB to reduce its deposit facility rate to negative values in order to encourage banking lending to the real economy if necessary by conditioning its support;
Amendment 81 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Underlines the important role played by the SMP until September 2012 in addressing the malfunctioning of certain eurozone sovereign debt securities market segments;
Amendment 88 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Welcomes the setting-up of the OMTs, with no ex ante quantitative limits, in order to safeguard monetary policy transmission, but deplores the decision to link the activation of the OMT to strict conditionalities attached to an EFSF/ESM programme; calls on the ECB to activate OMTs independently from strict conditionality;
Amendment 97 #
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 112 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers that the monetary policy tools that the ECB has used since the beginning of the crisis, while providing a welcome relief in distressed financial markets, have revealed their limits as regards stimulating growth and improving the situation on the labour market; considers, therefore, that the ECB could investigate the possibilities of implementing new unconventional measures aimed at participating in a large, EU-wide pro- growth programme, including the use of the Emergency Liquidity Assistance facility to undertake an ‘overt money financing’ of government debt in order to finance tax cuts targeted on low-income households and/or new spending programmes focused on the Europe 2020 objectivesnot allowed a proper transmission of its monetary policy and thus have not sufficiently contributed to stimulating growth and improving the situation on the labour market;
Amendment 135 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Considers it necessary to review the Treaties and the ECB's statutes in order to establish price stability together with full employment as the two objectives, on an equal footing, of monetary policy in the eurozone; that any debate on a potential revision of the Treaties should also include the ECB's statutes in order to analyse the possibilities of reinforcing its contribution to the realisation of the objectives of the EU (including full employment) while preserving price stability as the primary mandate; believes that it should also be an opportunity to change the legal basis to have adequate supervision (bank, insurance, markets) at the euro area and EU levels; considers, furthermore, that any revision of the ECB's statutes should seek to completely integrate the national central banks into the ECB;
Amendment 151 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Argues that the conduct of monetary policy should be democratic and should result from deliberation between different viewpoints and approacherespect the principle of independence and accountability; recalls in this respect the importance of the Monetary Dialogue and of the written questions submitted by MEPs;
Amendment 165 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Invites the ECB to pay more attention to the contractionary effects on GDP, employment and social welfare created by austeritycorrective policies carried out by national governments in the framework of Economic Assistance Programmes involving the ECB;
Amendment 173 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Underlines that the ECB's independence should not justify lack of democratic accountability and recalls in this respect the importance of the Monetary Dialogue and of the written questions submitted by MEPs;
Amendment 182 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. CRecalls on the ECB to pay more attention to the euro exchange rate in order to avoid excessive euro appreciation, which could in turn damagethat, in accordance with Article 219 of the TFEU, the exchange rate policy is the responsibility of the Council involving recommendation from the Commission, consultation or recommendation of the ECB, in an endeavour to reach a consensus consistent with the objective of price stability and also including consultation of the eEurozonepean Parliament;
Amendment 192 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Invites the ECB, in cooperation with the national central banks, to explain its policies in terms of currency swap deals designed to provide support for the bilateral economic and trade exchanges and to help maintain financial stability;
Amendment 209 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Considers that transparency in the field of banking supervision is essential and that the ECB should take all possible measures to improve its transparency such as, inter alia, the publication of the minutes (including a full account of the policy discussion) of the Supervisory Board;
Amendment 214 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22a. Recalls that it is of paramount importance that the ECB ensure operational separation of the core units preparing the draft decisions in the field of monetary policy and supervisory policy; underlines the crucial need for the agreement negotiated between the ECB and the European Parliament regarding practical measures to ensure democratic accountability;
Amendment 217 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Considers it urgent to approve the establishment of a European Resolution System in order to protect depositors and prevent fur, to reinforce the stability of ther banking crises; system as well as to prevent the "too big to fail" syndrome;
Amendment 224 #
Motion for a resolution
Paragraph 25
Paragraph 25
Amendment 232 #
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25a. Believes that the "troika" should be replaced by a system where the Commission, accountable to the European Parliament, is put at the heart of the mechanism with Program Countries, while the Eurogroup is included in the decision-making process, the ECB provides expertise and the IMF would give advice where appropriate;
Amendment 241 #
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27a. Recalls that, according to Article 10.4 of the Protocol No 4 on the Statute of the European System of Central Banks and of the European Central Bank, the proceedings of the meetings of the Governing Council shall be confidential but it may decide to make the outcome of its deliberations public; believes that, unless the Governing Council has taken such a decision, all its members are bound by confidentiality and loyalty;
Amendment 243 #
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27a. Takes the view that the EU institutions, including the ECB, should lead by example in the field of gender balance and that it is essential that the gender representation among leading positions within the ECB be improved in order to better represent European citizens;
Amendment 244 #
Motion for a resolution
Paragraph 27 b (new)
Paragraph 27 b (new)
27b. Deeply disapproves of the fact the Member States ignored the negative vote in the European Parliament, both in the ECON Committee and in the plenary, because of the lack of gender balance perspective during the appointment of Yves Mersch;
Amendment 245 #
Motion for a resolution
Paragraph 27 c (new)
Paragraph 27 c (new)
27c. Urges the Member States to incorporate a gender-balance perspective with possibility for positive action on the basis of a balanced gender representation in regard to the appointment of members to the Executive Board; whenever a vacancy arises on the Executive Board, Euro Member States should be encouraged to nominate two candidates, one male and one female, for the vacant position;
Amendment 246 #
Motion for a resolution
Paragraph 27 d (new)
Paragraph 27 d (new)
27d. Believes that the principles of gender balance in appointment to leading positions should also apply to the Steering Committee and Advisory Committee of the ESRB as well as the Boards of Supervisors of the ESAs;
Amendment 247 #
Motion for a resolution
Paragraph 27 e (new)
Paragraph 27 e (new)
27e. Believes that Member States should also be encouraged to appoint women as governors of the National Central Banks (NCBs) in order to achieve a better gender balance on the Governing Council and the General Council of the ECB as well as on the General Board of the ESRB;