Activities of Dariusz ROSATI related to 2008/2156(INI)
Plenary speeches (1)
EMU10: The first 10 years of Economic and Monetary Union and future challenges (debate)
Amendments (9)
Amendment 41 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Notes that the main elements of the SGP must also be consistently adhered to in the future, since both the criterion of 3 % and that of a maximum national debt of 60 % were specified on the basis of the economic conditions in the 1990s, and lower growth rates would necessitate substantially stricter criteria; is of the opinion that the SGP must be adhered to strictly by the Member States and supervised by the Commissiono as to achieve and maintain the medium-term objective of a balanced budget with surpluses in 'good times' and deficits allowed only during 'bad times' in order to ensure that fiscal policy is anticyclical; is of the opinion that both the 3 % deficit and 60 % debt targets should be treated as exceptional maximum limits to be avoided if possible; stresses that the SGP must be adhered to strictly by the Member States and supervised by the Commission; calls on the Commission to examine all possible ways in which the preventive arm of the SGP could be strengthened; notes that an effective coordination of economic and financial policy is desirable within the EMU, although it should respect the principle of subsidiarity; stresses that existing supervisory instruments must be used better by the Commission and that the medium-term examination of national budgets by the Eurogroup has to be strengthened;
Amendment 45 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Considers that a sustainable and stable macro-economic environment requires improving the quality of public finances including further budgetary consolidation, and developing an intelligent private and public investment policy that delivers forward-looking infrastructure which will open up tomorrow’s marketshigh efficiency of public spending and enhanced investment in education, human capital, R&D and infrastructure that is conducive to growth and might stimulate employment;
Amendment 51 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Considers wage and tax policy as efficient tools both for economic stabilisation and growth; is of the view that real wage increases in line with inflation and productivity levels should be ensured and that coordination of tax policy should be selectively used to achieve the economic goals; considers that the fight against tax fraud, both on direct and indirect taxes, is particularly important and that this work should be stepped up; underlines the urgent need to strengthen a culture of encouragement and involvement as part of the concepts of corporate governance and corporate social responsibility;
Amendment 69 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Notes that the primary objective of the ECB’s monetary policy is to maintain price stability, and that the ECB aims at inflation rates of below, but close to, 2 % over the medium term; considers that this definition of price stability should be examined in the context of increased heterogeneity of the euro area and a new age of globalisation characterised by rising energy and food prices;
Amendment 76 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Is of the opinion that the ECB should move towards a fulldirect inflation targeting regime, where a shift to a range of targets might be more meaningful than a point target inflation rate, and should makepoint inflation target is supplemented by a range of permitted fluctuations around the target rate; invites the ECB to publicsh its inflation forecasts;
Amendment 91 #
Motion for a resolution
Paragraph 32
Paragraph 32
32. Stresses the fact that accession to the euro area requires full adherence to the Maastricht criteria, as specified in the Treaty and the Protocol to Article 121 of the Treaty, namely: a high degree of price stability, public finances without excessive deficit, membership in the ERM II for at least two years, observation of the normal fluctuation margins, adjustment of the long-term interest rates, compatibility of the legal rules with the Maastricht Treaty, and an independent central bank and sustainable convergence;
Amendment 95 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. Welcomes the stronger supervision of Member States participating in ERM II and wishing to join the euro area , as well as their economic development; notes that the successful participation in the ERM II must remain a major precondition and not only a secondary requirement for membership of the euro area; is of the opinion that a high degree of real convergence is a precondition for adoption of the euro and therefore that no 'accession discounts' can be givenunderstood as a high degree of synchronisation of the business cycle is an important factor ensuring the full benefits from the adoption of the euro; deems it worth considering the measurement of the inflation criteria at the EMU average or the ECB inflation goal of 2 %;
Amendment 98 #
Motion for a resolution
Paragraph 34
Paragraph 34
34. Regards an enduring and successful expansion of the euro area as a major challenge for the coming years, whereby both institutional standards for the ECB and the decision-making process of the ECB have to be adapted to this change and the rotation model has to be examined in favour of the two main Member States participating in the euro area;
Amendment 116 #
Motion for a resolution
Paragraph 41 – point f
Paragraph 41 – point f
(f) A long-term strategy to reduce national debts tobelow a maximum of 60 percent should be included in the framework for economic governance as it would reduce cost of servicing debt and lower cost of capital for private investments;