9 Amendments of Dirk GOTINK related to 2024/2112(INI)
Amendment 92 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Believes that overcoming competitive and geopolitical challenges will require the transfer of expenditure to the EU level in certain policy areas related to European public goods to increase the efficiency of overall public expenditure; wWelcomes the Union’s commitment to increasing its spending efficiency and investments in overall defence capabilities to match its needs in the context of rising threats and security challenges;
Amendment 111 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Highlights the fact that a consistent and comprehensiveordinated and targeted industrial policy is vital to increase investments in the EU’s innovation capacity, while preserving competitiveness and the integrity of the single market; emphasizes the need to restrict public support to only highly necessary corrections in the economy; stresses that investments in the EU's innovation capacity should in the first place come from the mobilisation of private capital;
Amendment 142 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that high debt levels undermine economic stability, also in the wider Euro area, and the capacity to respond to crises; is concerned that the public debt ratio is projected to increase (to 83.0 % in the EU and 89.6 % in the euro area) in 2025, up from the levels in 2024 (82.4 % for the EU and 89.1 % for the euro area); notes that recent events have illustrated how high debt levels can contribute to significantly increasing Member States’ costs of borrowing on financial markets; stresses that persistent high debt levels increase the chance of a new debt crisis and form a substantial risk for financial stability;
Amendment 153 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Regrets the fact that eight Member States have excessive deficits and welcomes remedial action; is concerned that the ability for remedial action is obstructed by policy and political uncertainty in Member States;
Amendment 198 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Deplores the low level of enforcement of the fiscal rules framework in the past and uneven compliance to the rules among Member States; stresses that it is essential for the new framework to ensure the equal treatment of the Member States; affirms that a successful and credible framework relies heavily on its rigorous implementation;
Amendment 204 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Affirms that a renewed focus on medium-term net expenditure will require comprehensive reforms of national budgetary planning procedures across the Member States; recalls that the review of the economic governance framework had as an overall objective to reduce debt ratios and deficits in a gradual, realistic, sustained and growth-friendly manner; emphasizes that fiscal consolidation is crucial for the cohesion of the EU;
Amendment 244 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Is concerned about the credibility of the revised economic governance framework; observes that Member States with excessive deficits have submitted plans to bring down this deficit; notes that the Commission had endorsed the medium-term fiscal-structural plan and budget plan of one Member State, while this plan was later rejected at a national level; notes that the Commission did not endorse the medium-term plan of another Member State, while this Member State has been complying with the fiscal and budgetary rules for several years, including the deficit and debt limits; stresses that this outcome risks affecting the credibility of the revised framework;
Amendment 255 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Agrees with the Eurogroup that, given the macroeconomic outlook for 2025, gradual and sustained fiscal consolidation in the euro area continues to be necessary; highlights the need to reduce the high levels of deficit and debt in a way that minimises the impact on growth and Member States’ ability to address emerging national challenges; laments the fact that deficits, debt levels and fiscal policies still vary widely throughout the EU;
Amendment 298 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Laments the fact that the rate of ‘fully implemented’ country-specific recommendations (CSRs) has dropped from 18.1 % (in the period 2011-2018) to 13.9 % (in the period 2019-2023); recalls that implementing CSRs represents a key part of ensuring fiscal sustainability and addressing macroeconomic imbalances; notes that the Recovery and Resilience Facility (RRF) has so far not led to substantially higher CSR implementation rates;