Activities of Ramon TREMOSA i BALCELLS related to 2011/0386(COD)

Proposal for a regulation
Recital 12 b (new)

(12b) To improve the democratic legitimacy of enhanced economic governance at Union level, the Commission should propose to the Council a change in the Treaties for a direct election of the President of the Commission.

2012/03/13
Committee: ECON

Proposal for a regulation
Recital 12 c (new)

(12c) All provisions to be applied to Member States should also apply to regions with systemic importance, as defined in this Regulation.

2012/03/13
Committee: ECON

Ramon TREMOSA i BALCELLS, Izaskun BILBAO BARANDICA

Proposal for a regulation
Recital 12 d (new)

(12d) Where a sanction is to be applied inside the Union due to excessive deficits, the Commission should analyse the situation following its standardised procedures and should make its analysis public.

2012/03/13
Committee: ECON

Proposal for a regulation
Recital 12 e (new)

(12e) All provisions in this Regulation should also be applied to those European regions that have full powers in tax collection and expenditure.

2012/03/13
Committee: ECON

Proposal for a regulation
Recital 12 f (new)

(12f) The Commission should propose a different structural deficit target for current expenditure and investment expenditure being the lastest a bit higher than the former.

2012/03/13
Committee: ECON

Ramon TREMOSA i BALCELLS, Carl HAGLUND, Olle SCHMIDT

Proposal for a regulation
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.

2012/03/13
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point c a (new)

(ca) complementing the procedure for correction of a Member State's excessive debt as established by Article 126 TFEU and Regulation (EC) No 1467/97 by establishing a European redemption fund in order to secure a durable correction of excessive debt.

2012/03/13
Committee: ECON

Ramon TREMOSA i BALCELLS, Carl HAGLUND, Olle SCHMIDT

Proposal for a regulation
Article 2 – paragraph 1 – point 5

(5) ‘government’ ~~and~~, ‘deficit’ and 'debt' have the meaning's set out in Article 2 of the Protocol (No 12) on the excessive deficit procedure annexed to the T~~reaty on European Union~~FEU and to the Treaty on the Functioning of the European Union.

2012/03/13
Committee: ECON

Proposal for a regulation
Article 2 – paragraph 1 – point 5 a (new)

(5a) 'Region of systemic importance' means a region with legislative and fiscal powers that has a GDP volume equivalent to at least 90% of the median GDP volume from all Member States.

2012/03/13
Committee: ECON

Proposal for a regulation
Article 2 – paragraph 1 – point 5 b (new)

(5b) "exceptional circumstances" means an unusual event outside the control of the Member State concerned which has a major impact on the financial position of the general government or to periods of severe economic downturn for the Union as a whole.

2012/03/13
Committee: ECON

Proposal for a regulation
Article 5 – paragraph 3 – point b

(b) the projections at unchanged policies for expenditure and revenue as a percentage of GDP for the general government and their main components.; these projections should focus both on current expenditure and investment expenditure.

2012/03/13
Committee: ECON

Proposal for a regulation
Article 5 – paragraph 3 – subparagraph 1 a (new)

The targeted expenditure and revenue goal referred to in point (c) shall be different for each level of government following proportionality and co- responsibility criteria. Proportionality is understood as the relative weight in terms of the different level of competences under each level of government, and co- responsibility as the correspondence between the margin of indebtedness and the fiscal effort of each level of government.

2012/03/13
Committee: ECON

Proposal for a regulation
Article 5 – paragraph 3 – point e a (new)

(ea) a complete description on the regional territorialisation of expenditure from the central government and all its sub-sectors;

2012/03/13
Committee: ECON

Proposal for a regulation
Article 5 – paragraph 3 – point e b (new)

(eb) a complete description for all regions or equivalent territorial administrative units of the ratio between public and private capital stock;

2012/03/13
Committee: ECON

Proposal for a regulation
Article 5 – paragraph 3 – point e c (new)

(ec) clear budgetary targets on current and investment expenditure and, in the case of investment expenditure, an evaluation of its economic returns, which shall be published;

2012/03/13
Committee: ECON

Ramon TREMOSA i BALCELLS, Carl HAGLUND, Olle SCHMIDT

Proposal for a regulation
Article 5 – paragraph 3 – point e d (new)

(ed) deficit data not only in terms of general government but also in each level of government;

2012/03/13
Committee: ECON

Proposal for a regulation
Article 5 – paragraph 3 – point f a (new)

(fa) detailed information on general government debt developments, as well as other data relevant to an assessment of the country-specific risks to the sustainability of public finances, in particular an overview of implicit liabilities, and of the contingent liabilities with potentially large impacts on public budgets within the meaning of Article 14(3) of Council Directive 2011/85/EU.

2012/03/13
Committee: ECON

Ramon TREMOSA i BALCELLS, Carl HAGLUND, Olle SCHMIDT

Proposal for a regulation
Article 5 – paragraph 3 – subparagraph 1 a (new)

Member States shall report their public debt issuance plans to the Commission and to the Council with a view to better coordinating and monitoring them ex- ante.

2012/03/13
Committee: ECON

Ramon TREMOSA i BALCELLS, Carl HAGLUND, Olle SCHMIDT

Proposal for a regulation
Article 5 – paragraph 5 – subparagraph 1

5. Where the Commission identifies ~~particularly serious~~significant 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. Moreover, the Commission shall request a revised draft budgetary plan from Member States in the case of significant non-compliance of a draft budget with the deficit and/or debt path specified in the stability program of the Member State concerned, or when the Commission identifies serious risks to fiscal sustainability.

2012/03/13
Committee: ECON

Proposal for a regulation
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.

2012/03/13
Committee: ECON

Proposal for a regulation
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~~Commission shall present in public its overall assessment to the competent committee of the European Parliament.

2012/03/13
Committee: ECON

Proposal for a regulation
Article 6 – paragraph 4

4. The Eurogroup, the European Parliament, and in the event of repeated non-compliance of Member States the European Council, 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.

2012/03/13
Committee: ECON

Ramon TREMOSA i BALCELLS, Olle SCHMIDT

Proposal for a regulation
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.

2012/03/13
Committee: ECON

Proposal for a regulation
Article 7 – paragraph 1 a (new)

1a. Member States subject to an excessive deficit procedure shall put in place a budgetary and economic partnership programme including a detailed description of the structural reforms necessary to ensure an effectively durable correction of their excessive deficits.

2012/03/13
Committee: ECON

Proposal for a regulation
Article 7 – paragraph 2

2. The Member State subject to closer monitoring shall without delay carry out a comprehensive assessment of in-year budgetary execution for the general government and its sub-sectors, that assessment shall be carried out on a semestral basis. The financial risks associated to government- owned entities and government contracts shall also be covered by the assessment to the extent that they may contribute to the existence of an excessive deficit. The result of this assessment shall be included in the report submitted in accordance with Article 3(4a) or 5(1a) of Regulation (EC) No 1467/97 on action taken to correct the excessive deficit.

2012/03/13
Committee: ECON

Proposal for a regulation
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.

2012/03/13
Committee: ECON

Proposal for a regulation
Article 7 – paragraph 6 – point a

(a) carry out and report on a comprehensive independent audit of the accounts of the general government conducted in coordination with national supreme audit institutions, aiming at assessing the reliability, completeness and accuracy of these public accounts for the purposes of the excessive defiocit procedure. In this context, the Commission (Eurostat) shall assess the quality of data reported by the Member State concerned in accordance with Regulation (EC) No 679/2010; if necessary Member States shall reform their national supreme audit institutions in order to fulfil those obligations;

2012/03/13
Committee: ECON