Progress: Preparatory phase in Parliament
Role | Committee | Rapporteur | Shadows |
---|---|---|---|
Lead | ECON | ||
Former Responsible Committee | ECON | ||
Former Responsible Committee | ECON | ||
Former Responsible Committee | ECON | HÜBNER Danuta Maria ( PPE) | |
Former Responsible Committee | ECON | ||
Former Committee Opinion | BUDG |
Legal Basis:
TFEU 352-p1sub1Events
The Council discussed a draft regulation updating the EU's facility for providing financial assistance in the event of a non-eurozone member state being in serious difficulties with its balance of payments.
The discussion confirmed broad support for the text. However, several delegations maintained reservations. The presidency indicated that the Council could return to the matter at a forthcoming meeting .
Major points of discussion focused on:
The menu of instruments that can be used under the facility : the compromise draws attention to the fact that financial assistance for a concerned Member State may be needed to address issues stemming mainly from the financial sector; in such case, the policy conditions under the regular macroeconomic adjustment programme may be adjusted so as to address primarily these problems. The involvement of Economic and Financial Committee in various phases of the decision making under regulation. Pricing aspects of the facility. References to the private sector involvement.
The proposal was enhanced with references to dialogue with EP and national parliaments throughout the regulation and references to the appropriate involvement of the ECB in the course of implementation of the regulation. However, one of the major proposals of the EP - to introduce a separate instrument (loan for recapitalization of financial institutions) did not find its way into final compromise .
The European Parliament adopted by 546 votes to 96, with 30 abstentions, a resolution on the proposal for a Council regulation establishing a facility for providing financial assistance for Member States whose currency is not the Euro.
Members welcome the balance of payments (BoP) proposal as a first step towards achieving a level playing field between euro area and non-euro area Member States . They regret that the Commission did not conduct a wide consultation before the adoption of the BoP proposal and that a number of amendments are needed in order to achieve an acceptable outcome.
Consequently, the European Parliament asks the Council and the Commission to take account of the following requests before submission of the draft Regulation for consent of the European Parliament:
Clarity of the procedures : the resolution demands more clarity in some central concepts of the proposal and seeks to introduce procedures for financial assistance that are both clear, fair and do not impose unnecessary consultations where these are not warranted. Furthermore, the role of the EU budget as the ultimate collateral in the financial assistance granted under this regulation should be reflected in appropriate procedures of accountability towards the European Parliament.
In this context, the resolution recommends the following:
the Commission should present appropriate solutions beyond existing provisions as to how Parliament's budgetary oversight role of the Union budget could be more substantially taken into account in the BoP proposal and implemented so as to allow for true accountability; since the EFSM will soon be discontinued in light of the entry into force of the ESM Treaty, the outstanding funding capacity in the EFSM (approximately EUR 10 000 million) could be transferred to the BoP facility, which would increase its firepower from EUR 50 000 million to EUR 60 000 million. Upon the discontinuation of the EFSM, the remaining EFSM capacity will no longer be used in the EFSM framework and could be used from then onwards under the BoP facility ; no effective link or material conditionality should be established between the BoP facility and the use of structural funds in the BoP proposal; conditions relating to the use of structural funds should, if needed, be addressed in the relevant Cohesion Policy legislative act; on the consultation requirement with the Commission where financial assistance outside the Union is sought, should not apply to a Member State receiving financial assistance on a precautionary basis in the form of a credit line which is not conditioned to the adoption of new policy measures by the concerned Member State, as long as the credit line is not drawn; it is necessary to enhance the transparency and accountability within the enhanced surveillance process by adapting the economic dialogue in a way that allows the relevant national parliament as well as the European Parliament to invite the Commission, the Council, the European Central Bank (ECB) and the International Monetary Fund (IMF) for an exchange of views; the Commission should present its draft recommendation to grant a loan to a Member State together with the draft macroeconomic adjustment programme to the European Parliament; regarding the conditions and the procedures for granting loans, the European Central Bank (ECB) should have less involvement in the preparation of the adjustment programmes; more clarity and more precise guidelines are needed as regards conditions for granting a enhanced conditions credit line (ECCL), of the BoP proposal as to the thresholds and criteria of the assessment at which a Member State is no longer eligible for a precautionary conditioned credit line (PCCL), but still eligible for a ECCL; more clarity and specifications are required for the elaboration and assessment of the macroeconomic adjustment programme , particularly regarding policy and procedural requirements aiming at re-establishing a sustainable balance of payments position and at restoring its capacity to finance itself fully on the financial markets.
Bank recapitalisation : the European Stability Mechanism (ESM), which was established in October 2012, is the main support mechanism for euro area Member States, with a lending capacity of EUR 500 000 million, provided by subscribed capital; whereas the ESM will, in the future, under certain conditions, be able to fund banks in difficulties directly. The BoP proposal does not provide for Member States whose currency is not the euro to benefit from financial instruments which are fully comparable to those within the ESM at their disposal. This report seeks therefore to establish an indirect bank recapitalisation instrument for non-euro Member States, particularly in light of the potential participation of these Member States in the upcoming single supervisory mechanism and of the need to provide them with a fiscal backstop. That indirect instrument would take the form of a loan for bank recapitalisation, alongside the three existing instruments for financial assistance under the BoP (PCCLs, ECCLs and loans).
Other than the indirect bank recapitalisation instrument above, the possibility of changing the ESM treaty and of allowing non-euro Members States, participating in the single supervisory mechanism, to benefit from the bank recapitalisation tool of the ESM could be considered provided that participation in the single supervisory mechanism and the ESM is permanent and provides for the same rights and obligations as for euro Member States. In that case, the Member States would make a capital contribution specifically to the bank recapitalisation instrument of the ESM.
Streamlining the BoP proposal with the provisional agreement of the two-pack : whilst welcoming the final agreement of the Parliament and the Council negotiating teams on the substance of the Gauzès report, Parliament stresses that it is important that the Regulation be adopted on the basis of the BoP proposal and that it reflects the current state of play, in particular as regards:
transparency of Commission decisions; specifications concerning the reinforcement of the efficiency and the effectiveness of revenue collection capacity and the fight against tax fraud and evasion, with a view to safeguarding tax revenues; parameters to take into account when subjecting a Member State to enhanced surveillance; transparency and accountability to European Parliament and where relevant to the national parliaments; specifications regarding the evaluation on the government debt sustainability analysis, including disclosure requirements; comprehensive audit of a Member State’s public finances within the macroeconomic adjustment programme; regular communication of the review mission assessment in post-programme surveillance to the competent committee of the European Parliament and to the parliament of the Member State concerned, including the possibility to conduct an economic dialogue; reverse qualified majority voting in the Council regarding corrective measures under post-programme surveillance.
Lastly, Parliament requests, in the interest of transparent decision-making, that the Council and the Commission await the adoption of this interim report before adopting the regulation on the basis of the BoP proposal.
OPINION OF THE EUROPEAN CENTRAL BANK (EBC).
On 19 July 2012, the ECB received a request from the Council of the European Union for an opinion on a proposal for a Council regulation establishing a facility for providing financial assistance for Member States whose currency is not the euro.
The ECB made the following observations :
Access to credit lines : the ECB takes note of the introduction of credit lines allowing for assistance for non-euro area Member States whose economic and financial situation is fundamentally sound. It considers that the granting of the credit lines is compatible with Article 143 of the Treaty, which envisages the Union’s possibility of intervening not only when a non-euro area Member State is in difficulties, but also when it is ‘seriously threatened with difficulties’ as regards its balance of payments, where such potential difficulties are liable in particular to jeopardise the functioning of the internal market. At the same time, the ECB considers very important a close interpretation of the eligibility criteria when assessing access to the credit lines, and strict compliance with them over time. Role of the ECB and the Eurosystem : the proposed regulation contains similar provisions regarding the administration of financial assistance, respectively the opening and use of accounts with the national central bank (NCB) of the relevant Member State and of the respective NCB with the ECB. In this respect, the ECB understands that under the proposed regulation it would act as fiscal agent and that no financing from the European System of Central Banks would be expected, in compliance with the monetary financing prohibition set out in the Treaty. Therefore, the ECB reiterates that the accounts to be used for the management of this financial assistance at the NCBs and at the ECB will not provide for the possibility of an overdraft. ECB’s participation : the proposed regulation establishes, in addition to the administration of the loans and credit lines, a broader participation by the ECB in cases of European Union financial assistance to non-euro area Member States than is currently the case under Regulation (EC) No 332/2002. Given that the ECB is not the monetary authority of the non-euro area Member States, the ECB would like to distinguish between its involvement in respect of non-euro area Member States and its involvement in respect of euro area Member States, and notes that its role in the proposed cooperation with the Commission will have to be organised within its mandate and with respect for its independence.
PURPOSE: to establish a facility for providing financial assistance for Member States whose currency is not the euro.
PROPOSED ACT: Council Regulation.
BACKGROUND: Regulation (EC) No 332/2002 established a facility providing Union financial assistance. The Regulation aims at easing the external financing constraint of Member States that are experiencing or are seriously threatened by difficulties in their balance of payment. It applies only to Member States whose currency is not the euro. With deterioration in the government deficit, balance of payment and debt position, a number of Member States now seek financial assistance.
In the context of the economic and financial crisis, new assistance tools have been created with the establishment of the European Financial Stability Facility (EFSF), the European Financial Stability Mechanism (EFSM) and also the European Stability Mechanism (ESM) which will enter into force in the near future.
These financial stability mechanisms have established new precautionary instruments to provide financial assistance to the Member States of the euro area. The revision of the current 2002 Regulation will allow non-euro Member States to have similar financial instruments at their disposal.
IMPACT ASSESSMENT: no impact assessment was undertaken.
LEGAL BASIS: Article 352 of the Treaty on the Functioning of the European Union (TFEU).
CONTENT: the proposed Regulation sets up a facility for Union financial assistance that may be granted to a non euro area Member State which is experiencing or is seriously threatened with difficulties in its balance of payments.
Financial assistance from the Union : the financial assistance can take the form of a loan, or of a credit line with a total outstanding amount limited to EUR 50 billion in principle . Two credit lines are created:
· a precautionary conditioned credit line (PCCL), which is a credit line based on eligibility conditions; or
· an enhanced conditions credit line (ECCL), which is a credit line based on the combination of eligibility conditions and new policy measures.
Both credit lines are based on eligibility conditions, and the ECCL also requires new policy measures.
Conditions and procedure for granting loans : the draft regulation provides that the Council may decide to grant a loan on a recommendation from the Commission. The granting of a loan is made conditional upon the Member State adopting a macroeconomic adjustment programme aimed at re-establishing a sustainable balance of payments positions and at restoring its capacity to finance itself fully on the financial markets.
The Commission, with the ECB and wherever relevant the IMF, shall monitor the progress made in the implementation of the macroeconomic adjustment programme.
Transparency and accountability: the revised regulation contains new provisions in order to enhance the dialogue on the implementation of financial assistance. More specifically, the competent Committee of the European Parliament may offer the opportunity to the Member State concerned to participate to an exchange of views on the progress made in the implementation of the adjustment programme. Representatives of the Commission may be invited by the Parliament of the Member State concerned to participate in an exchange of views on the progress made in the implementation of the macro-economic adjustment programme.
Procedure for granting credit lines: the Council shall decide to grant a PCCL or an ECCL on a recommendation from the Commission. Access to a PCCL shall be limited to Member States whose economic and financial situation is still fundamentally sound and which fulfil an agreed set of eligibility criteria. Access to an ECCL shall be open to Member States which do not comply with some of the eligibility criteria required for accessing a PCCL but whose general economic and financial situation remains sound. Member States concerned shall adopt corrective measures aimed at addressing the eligibility criteria that are considered as not met and at ensuring a sustainable balance of payments position while ensuring a continuous respect of the eligibility criteria which were considered met when the credit line was granted.
Enhanced surveillance : a Member State will be subject to enhanced surveillance when it is receiving precautionary financial assistance, with a view to ensuring its swift return to a normal situation and to protecting other Member States against possible negative spill over effects. This enhanced surveillance should include a wider access for the Commission to the information needed for a close monitoring of the economic, fiscal and financial situation of the Member State concerned and a regular reporting by the Commission. A Member State under enhanced surveillance shall adopt measures aimed at addressing the potential sources of economic difficulties.
Alignment with the excessive deficit procedure and with the European Semester for economic policy coordination : it is proposed that the new Regulation should be aligned to a number of important procedural steps in the new Regulation based on Article 136, which is aimed at Member States in a delicate financial situation. The aim is to ensure the largest possible level playing field between all the EU programme countries regardless of whether they belong to the euro area or not. The revised regulation provides for replacing a number of monitoring steps under the Excessive Deficit Procedure and the European semester with monitoring under the macroeconomic adjustment programme. Because of its comprehensive nature, the macroeconomic adjustment programme can replace some processes of economic and fiscal surveillance for the duration of the adjustment programme with a view to avoiding a duplication of reporting obligations.
In the same way, the revised regulation also ensures the suspension of the macroeconomic imbalances procedure when a Member State is subject to a macroeconomic adjustment programme. It requires the establishment of post-assistance surveillance for Member States having reimbursed less than 75% of the financial assistance received.
Borrowing and lending operations : lastly, borrowing and lending operations are made slightly more flexible for the Commission so as to limit possible difficulties to raise funds in case of difficult financial market conditions.
BUDGETARY IMPLICATIONS: the proposal has no implications for the EU budget.
Documents
- Debate in Council: 3281
- Commission response to text adopted in plenary: SP(2013)472
- Results of vote in Parliament: Results of vote in Parliament
- Decision by Parliament: T7-0174/2013
- Debate in Parliament: Debate in Parliament
- Committee interim report tabled for plenary: A7-0129/2013
- Committee interim report tabled for plenary: A7-0129/2013
- Amendments tabled in committee: PE506.021
- Committee draft report: PE504.082
- European Central Bank: opinion, guideline, report: CON/2013/0002
- European Central Bank: opinion, guideline, report: OJ C 096 04.04.2013, p. 0011
- Contribution: COM(2012)0336
- Preparatory document: COM(2012)0336
- Preparatory document: EUR-Lex
- European Central Bank: opinion, guideline, report: CON/2013/0002 OJ C 096 04.04.2013, p. 0011
- Committee draft report: PE504.082
- Amendments tabled in committee: PE506.021
- Committee interim report tabled for plenary: A7-0129/2013
- Commission response to text adopted in plenary: SP(2013)472
- Contribution: COM(2012)0336
Activities
- Mikael GUSTAFSSON
Plenary Speeches (2)
- Jacek PROTASIEWICZ
Plenary Speeches (2)
- Olle SCHMIDT
Plenary Speeches (2)
- Jean-Pierre AUDY
Plenary Speeches (1)
- Erik BÁNKI
Plenary Speeches (1)
- Zigmantas BALČYTIS
Plenary Speeches (1)
- Elena BĂSESCU
Plenary Speeches (1)
- Nikolaos CHOUNTIS
Plenary Speeches (1)
- Minodora CLIVETI
Plenary Speeches (1)
- George Sabin CUTAȘ
Plenary Speeches (1)
- Ildikó GÁLL-PELCZ
Plenary Speeches (1)
- Mojca KLEVA KEKUŠ
Plenary Speeches (1)
- Petru Constantin LUHAN
Plenary Speeches (1)
- Iosif MATULA
Plenary Speeches (1)
- Miroslav MIKOLÁŠIK
Plenary Speeches (1)
- Jaroslav PAŠKA
Plenary Speeches (1)
- Theodor Dumitru STOLOJAN
Plenary Speeches (1)
- Csaba Sándor TABAJDI
Plenary Speeches (1)
Votes
A7-0129/2013 - Danuta Maria Hübner - Résolution #
Amendments | Dossier |
58 |
2012/0164(APP)
2013/02/20
ECON
58 amendments...
Amendment 1 #
Motion for a resolution Recital C C. whereas the total amount available in
Amendment 10 #
Motion for a resolution Paragraph 1 1. Welcomes the BoP Proposal as a first step towards achieving a level playing field between euro area and non-euro area Member States; acknowledges that the task is not simple given the
Amendment 11 #
Motion for a resolution Paragraph 1 a (new) 1a. Believes that the BoP financial assistance can play an important role in helping EU member states to improve their administrative capacity to absorb EU funds more effectively;
Amendment 12 #
Motion for a resolution Paragraph 2 a (new) 2a. Highlights that Article 352 of the TFEU is a suitable legal basis for the current regulation and stresses that this basis allows the establishment of new types of Union financial assistance and of a framework for such assistance beyond the scope of the assistance provided under Article 143 of the TFEU.
Amendment 13 #
Motion for a resolution Paragraph 3 3.
Amendment 14 #
Motion for a resolution Paragraph 4 4. Points out and regrets that no reference was made to the application of the principles of subsidiarity and proportionality as required by Article 5 of Protocol No 2 on the application of the principles of the subsidiarity and proportionality annexed to the TFEU and to the TEU; asks the Commission and Council to make an explicit reference to the above mentioned principles ahead of the submission of the Regulation for a European Parliament consent;
Amendment 15 #
Motion for a resolution Paragraph 5 5. Asks the Council and the Commission to take account of the following re
Amendment 16 #
Motion for a resolution Paragraph 5 – point i (i) the Commission should clarify
Amendment 17 #
Motion for a resolution Paragraph 5 – point i a (new) (ia) the Commission should present its draft recommendation to grant a loan to a Member State together with the draft macroeconomic adjustment programme to the European Parliament;
Amendment 18 #
Motion for a resolution Paragraph 5 – point ii Amendment 19 #
Motion for a resolution Paragraph 5 – point ii (ii) no effective link or material conditionality should be established between the balance of payments facility and the use of structural funds
Amendment 2 #
Motion for a resolution Recital C a (new) Ca. whereas Hungary, Romania and Latvia were the first Member States to request and benefit from a EU financial assistant at the beginning of the financial and economic crisis by means of a BoP facility; whereas the economic and financial crisis has hit seriously several non euro area Member States;
Amendment 20 #
Motion for a resolution Paragraph 5 – point ii (ii) no effective link or material conditionality should be established between the balance of payments facility and the use of structural funds in the 2012 BoP proposal; conditions relating to the use of structural funds should, if
Amendment 21 #
Motion for a resolution Paragraph 5 – point ii (ii) no effective link or material conditionality should be established between the balance of payments facility and the use of structural funds; conditions relating to the use of structural funds should, if at all,
Amendment 22 #
Motion for a resolution Paragraph 5 – point iii Amendment 23 #
Motion for a resolution Paragraph 5 – point iii (iii) the increased variety of financial assistance to non-euro area Member States provided for in the BoP Proposal is welcome;
Amendment 24 #
Motion for a resolution Paragraph 5 – point iii (iii) the increased variety of financial assistance to non-euro area Member States provided for in the BoP Proposal is welcome; however,
Amendment 25 #
Motion for a resolution Paragraph 5 – point iii (iii) the increased variety of financial assistance to non-euro area Member States provided for in the BoP Proposal is welcomed; however, an appropriate instrument for direct bank recapitalisation instrument for non euro area Member States, breaking the vicious circle between public finances and the domestic banking sector, needs to be added to the selection of financial assistance tools in order to ensure a level playing field between euro area and non-
Amendment 26 #
Motion for a resolution Paragraph 5 – point iii (iii) the increased variety of financial assistance to non-euro area Member States provided for in the BoP Proposal is welcome; however, an appropriate
Amendment 27 #
Motion for a resolution Paragraph 5 – point iv Amendment 28 #
Motion for a resolution Paragraph 5 – point iv Amendment 29 #
Motion for a resolution Paragraph 5 – point iv a (new) (iva) regarding the conditions and the procedures for granting loans, the European Central Bank (ECB) should have less involvement in the preparation of the adjustment programmes. In its opinion (CON/2013/2), the ECB considers it inappropriate to assume such a role for a non-euro area Member State; therefore, as the ECB suggested it, Article 3(3) 'acting in liaison with the ECB' and Article 3(8) 'in liaison with the ECB' should be replaced by 'taking into account the view of the ECB, should the ECB decide to give advice in this respect';
Amendment 3 #
Motion for a resolution Recital C a (new) Ca. whereas the global economic crisis has had a severe impact on all EU member states, provoking a deterioration of their public deficit, balance of payment as well as the overall debt.
Amendment 30 #
Motion for a resolution Paragraph 5 – point iv b (new) (ivb) in general, more clarity and specifications are required for the elaboration and assessment of the macro- economic adjustment programme, particularly regarding policy and procedural requirements aiming at re- establishing "a sustainable balance of payments position and at restoring its capacity to finance itself fully on the financial markets";
Amendment 31 #
Motion for a resolution Paragraph 5 – point v (v) with reference to Article 4(1), regarding conditions for granting a precautionary conditioned credit line (PCCL), the BoP Proposal would benefit from more operational clarity on two concepts, namely 'sustainability of the external position' and the 'presence or absence of bank solvency problems
Amendment 32 #
Motion for a resolution Paragraph 5 – point vi (vi) more clarity and more precise guidelines are needed with regard to Article 4(2) referring to conditions for granting a enhanced conditions credit line (ECCL), of the BoP Proposal as to the thresholds and criteria of the assessment at which a country is no longer eligible for a
Amendment 33 #
Motion for a resolution Paragraph 5 – point viii (viii) it is necessary to enhance the transparency and accountability within the enhanced surveillance process by adapting the economic dialogue in a way that allows the relevant National Parliament as well as the European Parliament to invite the Commission, the Council, the European Central Bank (ECB) and the International Monetary Fund (IMF) for an exchange of views;
Amendment 34 #
Motion for a resolution Paragraph 5 – point ix a (new) (ixa) article 6.2 of the BoP proposal on enhanced surveillance integrates a certain number of elements which reflect the substance of the Commission proposal on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area. Therefore, the BoP proposal should be updated with the aim of ensuring a level playing field so as to reflect the provisional agreement of the Parliament and the Council negotiating teams on the relevant parts of the Ferreira report, namely on standards and procedures regarding specifications for reporting requirements foreseen in article 7 of the Ferreira report;
Amendment 35 #
Motion for a resolution Paragraph 5 – point ix a (new) (ixa) a bank recapitalisation instrument for non-euro Member States should be established, particularly in light of the potential participation of these Member States in the upcoming single supervisory mechanism and of the need to provide them with a fiscal backstop. This instrument should take the form of a loan for bank recapitalisation, alongside the three existing instruments for financial assistance under the BoP (PCCLs, ECCLs and loans). There are no legal challenges standing in the way of such an instrument, which would be disbursed to the government of the member state concerned for the purpose of recapitalising its financial institutions. Since the EFSM will soon be discontinued, as announced by EU leaders at the 2010 European Council, in light of the entry into force of the ESM Treaty, the outstanding funding in the EFSM (approximately 10bn EUR) should be transferred to the BoP facility. This would increase its firepower from 50bnEUR to 60bnEUR.
Amendment 36 #
Motion for a resolution Paragraph 5 – point ix b (new) (ixb) Other than the instrument above, two further options for a bank recapitalisation tool can be considered: A. Changing the ESM treaty and allowing opt-in non-euro members to contribute to the ESM paid-in capital explicitly for the purpose of having a bank recapitalisation backstop. B. Creating a new fund through an intergovernmental treaty among non-euro Member States, with paid-in capital (modelled on the ESM) and possibly also callable capital. This fund would bring together all non-euro Member States who have committed to joining the single currency and could be co-funded with the IMF.
Amendment 37 #
Motion for a resolution Paragraph 5 – point ix b (new) (ixb) with the purpose en ensuring a level playing field between euro area and non euro area Member States provisions regarding enhanced surveillance in article 6 of the BoP regulation should be updated so as to integrate a certain number of elements provisionally agreed in the Ferreira report such as, where relevant, provisions on economic partnerships programmes and their relationship with macroeconomic adjustment programmes, monitoring requirements on the quality of public finances including provisions regarding the impact of foreseen budgetary measures on EU2020 targets and the adaptations that an assistance programme entails on the National Reform Programmes, as well as indications on cost-benefit assessments on public investments, a description and quantification of budgetary measures, including foreseen tax policy reforms and potential spill-over effects of foreseen measures for other Member States;
Amendment 38 #
Motion for a resolution Paragraph 5 – point ix c (new) (ixc) The EUR 50 billion limit foreseen in article 2 of the BoP Regulation proposal should be reviewed so as to allow to gradually increase of such a limit in function of the reimbursement of EFSM outstanding credits by means of a Council decision;
Amendment 39 #
Motion for a resolution Paragraph 5 – point ix c (new) (ixc) it should be kept in mind that any future single bank resolution fund, as part of the banking union framework, should also be inclusive towards non-euro member states;
Amendment 4 #
Motion for a resolution Recital D D. whereas the European Stability Mechanism (ESM), which was established in October 2012, is the main support mechanism for euro area Member States, with a lending capacity of EUR 500
Amendment 40 #
Motion for a resolution Paragraph 5 – point x – first indent - the recognition and role of spill-over effects (Article 1(1)
Amendment 41 #
Motion for a resolution Paragraph 5 – point x – fourth indent - specifications for the conduct of Member States under enhanced surveillance, including mention of
Amendment 42 #
Motion for a resolution Paragraph 5 – point x – fifth indent a (new) - specifications regarding the obligation to involve the social partners and civil society and the observation of Article 151 and 152 TFEU and Article 28 of the Charter of Fundamental Rights of the European Union and to ensure that this regulation does not affect the right to negotiate, conclude and enforce collective agreements and to take collective action in accordance with national law (Article 6 and article 1.2a of the Gauzès report)
Amendment 43 #
Motion for a resolution Paragraph 5 – point x – fifth indent a (new) - specifications regarding the involvement of the social partners and civil society (Article 6a of the Gauzès report)
Amendment 44 #
Motion for a resolution Paragraph 5 – point x – fifth indent b (new) - specifications concerning reinforcement of the efficiency and the effectiveness of collection capacity and fighting tax fraud and evasion, with a view to increasing fiscal revenues (Article 6b)
Amendment 45 #
Motion for a resolution Paragraph 5 – point x – fifth indent c (new) - inclusion of a clause regarding respect for the practices and the institutions for wage formation and the observance of article 151 TFEU and article 28 of the Charter for Fundamental Rights (Article 6.1)
Amendment 46 #
Motion for a resolution Paragraph 5 – point x – sixth indent - specifications
Amendment 47 #
Motion for a resolution Paragraph 5 – point x – seventh indent - transparency and accountability to European Parliament
Amendment 48 #
Motion for a resolution Paragraph 5 – point x – seventh indent a (new) - the consideration of the practices and institutions of wage formation and of the national reform programme of the Member State concerned in the context of the Union strategy for growth and jobs when drafting the macroeconomic adjustment programme (Article 6(1) of the Gauzès report)
Amendment 49 #
Motion for a resolution Paragraph 5 – point x – seventh indent a (new) - inclusion of a clause regarding practices and institutions for wage formation and the observance of article 151 TFEU and article 28 of the Charter for Fundamental Rights (Article 6(1) of the Gauzès report);
Amendment 5 #
Motion for a resolution Recital E a (new) Ea. whereas it is critical that the facility contains democratic accountability mechanisms as well as consideration of the functioning of national parliaments;
Amendment 50 #
Motion for a resolution Paragraph 5 – point x – seventh indent b (new) - additional specifications regarding the mandate of technical assistance provided to Member States under programme (art 6(6) of the Gauzès report);
Amendment 51 #
Motion for a resolution Paragraph 5 – point x – seventh indent c (new) - additional specifications regarding measures to safeguard tax revenues (Article 6b of the Gauzès report);
Amendment 52 #
Motion for a resolution Paragraph 5 – point x – eighth indent - the need for realistic
Amendment 53 #
Motion for a resolution Paragraph 5 – point x – ninth indent - assessment of whether deviations from the programme are within or beyond Member State control, assessment of the consequences resulting from the adjustment programme and the explicit protection of health care and education sectors (Articles 6(4) and 6(5) of the Gauzès report)
Amendment 54 #
Motion for a resolution Paragraph 5 – point x – tenth indent a (new) - close cooperation between the Member State under assistance and the Commission in order to maintain private investor exposure in the Member State concerned (Article 6(4a));
Amendment 55 #
Motion for a resolution Paragraph 5 – point x – eleventh indent - regular communication of the review mission findings in post-
Amendment 56 #
Motion for a resolution Paragraph 5 – point x – twelfth indent - reverse qualified majority Voting in the Council
Amendment 57 #
Motion for a resolution Paragraph 5 – point x – thirteenth indent - report on a review of the BoP Regulation (Article 13(
Amendment 58 #
Motion for a resolution Paragraph 5 – point x – a (new) (xa) the role of social partners as well as national practises and institution for wage formation (Article 1(2a)(new), Article 6a(new), and Article 6(1) of the Gauzès report),
Amendment 6 #
Motion for a resolution Recital G Amendment 7 #
Motion for a resolution Recital G G. whereas updating Regulation (EC) No 332/2002 would help ensur
Amendment 8 #
Motion for a resolution Recital G a (new) Ga. whereas it is important to safeguard the role of the social partners and respect different national practises and institutions for wage formation when implementing the regulation, in particular when drafting and implementing macroeconomic adjustment programmes. This is a horizontal issue for the whole of EU and therefore consistency between euro area and non-euro Members States is motivated in this regard;
Amendment 9 #
Motion for a resolution Recital G a (new) Ga. whereas it is crucial, in this context, to fully respect the role of social partners as well as national practices and institutions for wage formation;
source: PE-506.021
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Former Responsible Committee |
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events/0/docs/0/url |
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Old
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BudgetsNew
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Former Responsible Committee |
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events/0/docs/1/url |
Old
https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2012&nu_doc=0336New
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Former Responsible Committee |
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events/0/docs/1/url |
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BUDGNew
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BudgetsNew
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Former Responsible Committee |
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ECON |
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BudgetsNew
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BUDGNew
ECON |
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BudgetsNew
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committees/5 |
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Old
BUDGNew
ECON |
committees/4/committee_full |
Old
BudgetsNew
Economic and Monetary Affairs |
committees/4/opinion |
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|
committees/4/type |
Old
Former Committee OpinionNew
Former Responsible Committee |
committees/5 |
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events/0 |
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