Parltrack

Draft opinion
Paragraph -1 (new)

-1. Recalls that the euro is the currency of the European Union, and that all member states except those with a derogation, have vocation to join the euro in due course.

Amendment 2 #

Draft opinion
Paragraph -1 (new)

-1. Recalls that the European Parliament is the Parliament of the European Union, the sole seat of the Union's direct democratic legitimacy and the recipient of the Union's direct democratic accountability.

Amendment 3 #

Draft opinion
Paragraph 1

1. Stresses that Member States sharing the euro need to further strengthen stability, efficiency, transparency, democratic legitimacy and democratic accountability;

Amendment 4 #

Draft opinion
Paragraph 1

1. Stresses that Member States sharing the euro need to ~~further~~redouble their efforts to strengthen stability, efficiency and democratic accountability;

Amendment 5 #

Draft opinion
Paragraph 1

1. Stresses that Member States sharing the euro need to further strengthen compliance with the Treaty, stability, efficiency and democratic accountability;

Amendment 6 #

Draft opinion
Paragraph 1

1. Stresses that Member States sharing the euro need to further strengthen competitiveness, stability, efficiency and democratic accountability;

Amendment 7 #

Draft opinion
Paragraph 1

1. Stresses that Member States sharing the euro and those committed to adopting it need to further strengthen stability, efficiency and democratic accountability;

Amendment 8 #

Draft opinion
Paragraph 1 a (new)

1 a. Believes that the community method should be used for all measures aiming at reinforcing the European Monetary Union; calls for the Fiscal Compact to be integrated into the EU treaties as soon as possible;

Amendment 9 #

Draft opinion
Paragraph 2

2. Notes that ~~part of the efforts made to mitigate the crisis, such as the adoption of~~, to mitigate the crisis and in response to structural shortcomings in the architecture of the economic and monetary union, national governments and European institutions took a wide range of measures to safeguard financial stability and improve economic governance; notes that part of these efforts only concern the euro area Member States, such as some specific rules regarding financial sanctions in the Ssix-Ppack and the creation of the ESM~~, only concern the euro area Member States~~. Also the two-pack, once adopted, will be specific to the euro area Member States. Furthermore, the euro area and six non- euro area Member States adopted the Euro Plus Pact, and the euro area and eight non-euro area Member States concluded the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union;

Amendment 10 #

Draft opinion
Paragraph 2

2. Notes that ~~part of the efforts ma~~the decisions intended to mitigate the crisis, such as the adoption of the Six-Pack and the creation of the ESM, only concern the euro area Member States;

Amendment 11 #

Draft opinion
Paragraph 2

2. Notes that part of the efforts made to mitigate the crisis, such as ~~the adopt~~certain provisions of the Six-Pack and the creation of the ESM, only concern the euro area Member States;

Amendment 12 #

Draft opinion
Paragraph 2

2. Notes that part of the efforts made to mitigate the crisis, such as the adoption of the Six-Pack and the creation of the EFSM, the EFSF and the ESM, only concern the euro area Member States; The operations of the EFSF/ESM and any future similar structure should be subject to regular democratic control and oversight by the European Parliament.

Amendment 13 #

Draft opinion
Paragraph 2

2. Notes that part of the efforts made to mitigate the crisis, such as the adoption of the Six-Pack and the creation of the ESM, only concern the euro area Member States; takes the view that the ESM should be enshrined in the acquis communautaire;

Amendment 14 #

Draft opinion
Paragraph 2 a (new)

2 a. Notes that two Member States have opt-outs from the introduction of the euro and two Member States have opt-outs from the implementation of the Schengen acquis;

Amendment 15 #

Draft opinion
Paragraph 2 b (new)

2 b. Notes that enhanced cooperation provides a legal basis for the adoption of measures that only apply to a limited number of Member States; notes that this mechanism is being used already for trans-EU divorce law and for European patent law, and was approved by the European Parliament and the Council in the taxation context for the establishment of a Financial Transaction Tax;

Amendment 16 #

Draft opinion
Paragraph 3

3. Welcomes the on-going creation of a single supervisory mechanism covering the euro area and open to all other EU Member States; considers that, to overcome the structural deficiencies inherent in the economic and monetary union and to effectively curb the pervasive moral hazard, the proposed 'banking union' should draw on the earlier reform of the Union financial services sector, including the creation of EBA, ESMA, EIOPA and the ESRB, as well as the strengthened economic governance, especially in the euro area, and the new budgetary framework of the European Semester, to ensure greater resilience and competitiveness of the Union banking sector, increased confidence in it, and enhanced capital reserves to prevent Member States' public budgets having to bear the costs of banks' bail-outs in the future;

Amendment 17 #

Draft opinion
Paragraph 3

3. Welcomes the on-going creation of a single supervisory mechanism covering the euro area and open to all other EU Member States; believes that the single supervisory mechanism should be made accountable to the European Parliament, given the latter's mandate as the only European directly elected democratic institution; the Chairperson should be approved by the EP and should regularly report back to the EP;

Amendment 18 #

Sławomir NITRAS

Draft opinion
Paragraph 3

3. Welcomes the on-going creation of a single supervisory mechanism covering the euro area and open to all other EU Member States and expects the formula of regulation developed on this occasion – as part of which Economic and Monetary Union is strengthened by harmonising financial regulation whilst also leaving the door open for all the Member States concerned, in particular those covered by the derogation laid down in Article 139(1) TFEU – to also be the default formula used in future;

Amendment 19 #

Draft opinion
Paragraph 3

3. Welcomes the on-going creation of a single supervisory mechanism covering the euro area and open to all other EU Member States; regards as extremely risky and legally questionable, however, the fact that ultimate responsibility for banking supervision is to lie solely with the ECB;

Amendment 20 #

Draft opinion
Paragraph 3

3. Welcomes the on-going creation of a single supervisory mechanism covering the euro area and open to all other EU Member States; stresses that establishing a European bank resolution mechanism is an indispensible step in setting up a genuine banking union;

Amendment 21 #

Draft opinion
Paragraph 3

3. Welcomes the on-going creation of a single supervisory mechanism covering the euro area and open to all other EU Member States; demands that the SSM is subjected to full democratic control and oversight by the European Parliament

Amendment 22 #

Draft opinion
Paragraph 4

4. Points out that some Member States’ ~~economic policies are constrained by the Troïka, which is not held properly~~budget and fiscal policies have had to be constrained by the Troïka and that, in this connection, there is no accountableility;

Amendment 23 #

Draft opinion
Paragraph 4

4. Points out that the Troika sets some Member States’ economic policies ~~are constrained by the Troïka, which is not~~in return for the requisite funds to keep them afloat and to regain access to the money markets; adds that this does not, however, change the fact that they must be held properly accountable;

Amendment 24 #

Draft opinion
Paragraph 4

4. Points out that some Member States' economic policies are constrained by the Troïka, which is not held properly accountable; is of the opinion that the Troika should be made answerable to the European Parliament, by means of regular reporting; commits to presenting systematic suggestions for the activity of the Troika;

Amendment 25 #

Draft opinion
Paragraph 4

4. Points out that some Member States' economic policies are constrained by the Troïka, which is not held properly accountable; and lacks democratic legitimacy; Calls for the troika's mandate to be approved following appropriate consultation with the European Parliament.

Amendment 26 #

Ramon TREMOSA i BALCELLS

Draft opinion
Paragraph 4 a (new)

4 a. Notes that fiscal consolidation efforts directed to comply with the new economic governance rules should be shared between the different administrations in a fair way, taking into account the services they provide.

Amendment 27 #

Draft opinion
Paragraph 5

~~5. Welcomes the Commission’s ‘Blueprint’; calls on the Commission to make legislative proposals under codecision for its implementation without delay;~~deleted

Amendment 28 #

Draft opinion
Paragraph 5

5. ~~Welcomes the Commission's ‘Blueprint’; calls on the Commission to make legislative proposals under codecision for its implementation without delay~~Takes note of the Commission's 'Blueprint';

Amendment 29 #

Draft opinion
Paragraph 5

5. Welcomes the Commission’s ‘Blueprint’; calls on the Commission to ~~make legislative proposals under codecision for its implementation without delay~~set out clearer options and to make legislative proposals where legally possible and politically acceptable;

Amendment 30 #

Draft opinion
Paragraph 5

5. Welcomes the Commission's ‘Blueprint’; calls on the Commission to make legislative proposals under codecision for its implementation without delay, first and foremost with respect to the creation of a fiscal capacity for the eurozone, managed according to the community method;

Amendment 31 #

Draft opinion
Paragraph 5

5. Welcomes the Commission's ‘'Blueprint’'; calls on the Commission to make legislative proposals under codecision for its implementation without delay, in particular for the creation of a fiscal capacity and for the mutualisation of sovereign debt;

Amendment 32 #

Draft opinion
Paragraph 5

5. Welcomes the Commission’s ‘Blueprint’; calls on the Commission to make legislative proposals as soon as possible under codecision for its implementation without delay;

Amendment 33 #

Draft opinion
Paragraph 6

6. ~~Points out that~~Supports new solidarity instruments, such as the "con~~cept of ‘contractual agreements’ applicable only to individual Member States as referred to in the European Council conclusions of December 2012 risks creating legal uncertainty~~vergence and competitiveness instrument", to provide financial support for the timely implementation of sustainable growth enhancing structural reforms, fully in line with the Community method, built on the existing EU surveillance procedures;

Amendment 34 #

Draft opinion
Paragraph 6

6. ~~Points out~~Considers that the concept of ~~‘contractual agreements’~~mutually agreed contracts for competitiveness and growth applicable only to individual Member States as referred to in the European Council conclusions of December 2012 ~~risks creating legal uncertaint~~could enhance ownership and effectiveness of economic policy;

Amendment 35 #

Draft opinion
Paragraph 6

6. ~~Points out that~~Endorses the concept of ‘contractual agreements’ applicable only to individual Member States as referred to in the European Council conclusions of December 2012 ~~risks creating~~; stresses that they must be drafted in such as way as to avoid any legal uncertainty;

Amendment 36 #

Draft opinion
Paragraph 6

6. Points out that there must be legal certainty with regard to the concept of ‘contractual agreements’ applicable only to individual Member States as referred to in the European Council conclusions of December 2012 ~~risks creating legal uncertainty~~;

Amendment 37 #

Draft opinion
Paragraph 6

6. Points out that the concept of ‘contractual agreements’ applicable only to individual Member States as referred to in the European Council conclusions of December 2012 risks creating legal uncertainty; and widen the Union's democratic deficit if not matched with a corresponding transfer of legitimacy and accountability at the Union level.

Amendment 38 #

Draft opinion
Paragraph 6

6. Points out that the concept of ‘contractual agreements’ applicable only to individual Member States as referred to in the European Council conclusions of December 2012 risks creating legal uncertainty and a democratic deficit given the lack of transparent procedures;

Amendment 39 #

Draft opinion
Paragraph 7

~~7. Considers that the work on own resources should be accelerated, as should that on labour mobility and a euro area budget, to make it an optimal currency area;~~deleted

Amendment 40 #

Draft opinion
Paragraph 7

7. Considers that ~~the work on own reso~~further measurces ~~should be accelerated, as should that on labour mobility and a euro area budget, to make it an optimal currency area~~are needed to promote the deepening of the Single Market and to protect its integrity;

Amendment 41 #

Sari ESSAYAH

Draft opinion
Paragraph 7

7. Considers that the work on ~~own resources should be accelerated, as should that on labour mobility and a euro area budget, to~~labour mobility and internal market of services, especially digital single marke ~~it an optimal currency area~~t should be accelerated;

Amendment 42 #

Draft opinion
Paragraph 7

7. Considers that the ~~work~~ re must be legal certainty with regard to the question of own resources ~~should be accelerated, as should that on labour mobility and a euro area budget, to make it an optimal currency~~, which must be taken forward with a view to a responsible budget for the euro area;

Amendment 43 #

Draft opinion
Paragraph 7

7. ~~Considers that the work on own resources should be accelerated, as should that~~Deems necessary a complete overhaul of the EU's own resources system, including FTT and VAT reform; Considers that the work on labour mobility and a euro area budget should be accelerated, to make it an optimal currency area;

Amendment 44 #

Draft opinion
Paragraph 7

7. Considers that the work on own resources should be accelerated, through measures including the Financial Transaction Tax, as should that on labour mobility, and social pact, a euro area budget, a European Treasury and the mutualisation of sovereign debt, to make it an optimal currency area;

Amendment 45 #

Draft opinion
Paragraph 7

7. Considers that the work on own resources should be substantially accelerated, as should that to set up a mechanism to deal with asymmetric shocks, as well as on labour mobility and a euro area budget, to make it an optimal currency area;

Amendment 46 #

Krišjānis KARIŅŠ

Draft opinion
Paragraph 7 a (new)

7 a. Reminds that a lot has to be done to make the single market fully operational;

Amendment 47 #

Draft opinion
Paragraph 8

8. Stresses that Article 3.4 TEU states ‘'the Union shall establish an economic and monetary union whose currency is the euro’', and ~~Protocol 14 on the Eurogroup forese~~Article 13 TEU establishes ‘the ~~need to lay down special provisions for enhanced dialogue between the Member States whose currency is the euro, pending the euro becoming~~European Parliament as a Union institution; considers therefore the cEur~~rency of all Member States’; if this supposedly transitory situation is to last, appropriate~~opean Parliament as the appropriate venue for ensuring accountability for the ~~current~~ euro area ~~and the Member States that committed to join must be developed inside the European Parliament~~, underlines that the European Parliament should prevent fragmented scrutiny of cooperation between Member States.

Amendment 48 #

Draft opinion
Paragraph 8

8. Stresses that Article 3.4 TEU states ‘the Union shall establish an economic and monetary union whose currency is the euro’, and Protocol 14 on the Eurogroup foresees ‘the need to lay down special provisions for enhanced dialogue between the Member States whose currency is the euro, pending the euro becoming the currency of all Member States’; ~~if this supposedly transitory situation is to last,~~considers that appropriate accountability for the current euro area and the Member States that committed to join must be developed ~~inside~~with the involvement, in a leading role, of the European Parliament.

Amendment 49 #

Draft opinion
Paragraph 8

8. Stresses that Article 3.4 TEU states ‘the Union shall establish an economic and monetary union whose currency is the euro’, and Protocol 14 on the Eurogroup foresees ‘the need to lay down special provisions for enhanced dialogue between the Member States whose currency is the euro, pending the euro becoming the currency of all Member States’; ~~if this supposedly transitory situation is to last,~~ appropriate accountability for the current euro area and the Member States that committed to join must be developed inside the European Parliament.

Amendment 50 #

Draft opinion
Paragraph 8

8. Stresses that Article 3.4 TEU states ‘'the Union shall establish an economic and monetary union whose currency is the euro’', and Protocol 14 on the Eurogroup foresees ‘'the need to lay down special provisions for enhanced dialogue between the Member States whose currency is the euro, pending the euro becoming the currency of all Member States’'; if this supposedly transitory situation is to last, appropriate accountability for the current euro area and the Member States that committed to join must be developed inside the European Parliament; suggests the creation of a Sub-Committee handling euro-area issues and open to all Members of Parliament; does not support the idea of a duplication of voting responsibilities or of a division of the European Parliament, which would be contrary to articles 10 and 14 TEU.

Amendment 51 #

Draft opinion
Paragraph 8

8. Stresses that Article 3.4 TEU states ‘the Union shall establish an economic and monetary union whose currency is the euro’, and Protocol 14 on the Eurogroup foresees ‘the need to lay down special provisions for enhanced dialogue between the Member States whose currency is the euro, pending the euro becoming the currency of all Member States’; if this supposedly transitory situation is to last, ~~appropriate accountability for~~debate forums and democratic oversight mechanisms in respect of the procedures, instruments and legal provisions pertaining exclusively to the current euro area and the Member States that committed to join must be ~~develop~~considered inside the European Parliament.

Amendment 52 #