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on behalf of The Left Group
Amendment: Motion for a resolution and Amendment| Motion for a resolution | Amendment |
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| Motion for a resolution | AmendmentFa. whereas the 3 % deficit-to-GDP and 60 % debt-to-GDP reference values are arbitrary numbers invented in the early 1980s without a sound economic rationale; whereas the prevailing economic conditions at that time were significantly different from those prevailing today; |
on behalf of The Left Group
European Semester for economic policy coordination 2025
Amendment: Motion for a resolution and Amendment| Motion for a resolution | Amendment |
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| Motion for a resolution | AmendmentPa. whereas country-specific recommendations in the framework of the European Semester tend to incentivise cuts in social services and social protection instead of promoting an increase in public revenue; whereas from the introduction of the European Semester in 2011 to the year 2018, the Commission recommended 63 times that governments cut spending on healthcare or privatise healthcare services; |
on behalf of The Left Group
European Semester for economic policy coordination 2025
Amendment: Motion for a resolution and Amendment| Motion for a resolution | Amendment |
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| Motion for a resolution4. Highlights the fact that an integrated, coordinated, targeted and horizontal industrial policy is vital to increase investments in the EU’s innovation capacity, while bolstering competitiveness and the integrity of the single market; | Amendment4. Highlights the fact that an integrated and coordinated industrial policy encompasses both targeted and horizontal measures; stresses its relevance for strategically boosting investments in the EU’s innovation capacity, while bolstering competitiveness and the EU’s strategic autonomy; welcomes the European Investment Bank to play a crucial role in guiding the investments; |
on behalf of The Left Group
European Semester for economic policy coordination 2025
Amendment: Motion for a resolution and Amendment| Motion for a resolution | Amendment |
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| Motion for a resolution | Amendment4a. Welcomes SURE-like funds that are subject to social and environmental conditionalities as an effective tool to mitigate job losses in crisis-hit industries, particularly the automotive sector; recalls that saving manufacturing jobs also means preventing the dispersion of competencies and capabilities needed to build a competitive and dynamic industrial system; recalls that public funds should serve as a driver for improving working conditions; |
on behalf of The Left Group
European Semester for economic policy coordination 2025
Amendment: Motion for a resolution and Amendment| Motion for a resolution | Amendment |
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| Motion for a resolution | Amendment5a. Recalls that failure to mitigate and adapt to climate change fast enough as a result of underinvestment or delayed investments will not only have catastrophic human consequences, but will also be much more costly in sheer economic terms, hence contradicting the very purpose of the fiscal rules, which is to support sound public finances; |
on behalf of The Left Group
European Semester for economic policy coordination 2025
Amendment: Motion for a resolution and Amendment| Motion for a resolution | Amendment |
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| Motion for a resolution | Amendment9a. Recalls that the International Monetary Fund, a long-time supporter of austerity and structural adjustments, acknowledges that fiscal consolidation is not effective, on average, at lowering debt-to-GDP ratios; |
on behalf of The Left Group
European Semester for economic policy coordination 2025
Amendment: Motion for a resolution and Amendment| Motion for a resolution | Amendment |
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| Motion for a resolution | Amendment21a. Regrets that the revised economic governance framework fails to enhance social progress and convergence and to foster the ecological transition; reiterates that instead of focusing on irrelevant economic indicators and pursuing endless debt and deficit reduction, EU economic governance should aim to eradicate poverty and inequalities, and provide a high level of social protection, qualitative public services and individual and collective well-being through fulfilling the essential needs of all citizens and ecological planification; |
Martin Schirdewan, Manon Aubry
on behalf of The Left Group
European Semester for economic policy coordination 2025
Amendment: Motion for a resolution and Amendment| Motion for a resolution | Amendment |
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| Motion for a resolution | Amendment21b. Calls on the Commission and the Member States to exclude future-oriented public investment, and in particular investment in social infrastructure such as non-profit housing, from the fiscal rules of the Stability and Growth Pact; |
Manon Aubry, Martin Schirdewan
on behalf of The Left Group
European Semester for economic policy coordination 2025
Amendment: Motion for a resolution and Amendment| Motion for a resolution | Amendment |
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| Motion for a resolution | Amendment23a. Believes that instead of promoting harmful budgetary cuts and structural reforms in order to reach the debt and deficit targets prescribed by the Stability and Growth Pact, EU economic governance should favour and facilitate the collection, by Member States and at EU level, of additional resources through fair taxation, in particular taxes on the wealthiest and multinational companies, taxes on ecologically harmful products and services, the cancellation of ineffective and unfair tax and social contribution exemptions, and the fight against tax dodging and tax evasion by wealthy individuals and multinational companies; |
on behalf of The Left Group
European Semester for economic policy coordination 2025
Amendment: Motion for a resolution and Amendment| Motion for a resolution | Amendment |
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| Motion for a resolution | Amendment23b. Highlights that, in general, budgetary cuts justified to comply with the economic governance rules correspond to the cost of tax breaks and tax allowances granted to wealthy individuals and multinational corporations; notes that, for instance, in the specific case of France, the EUR 60 billion in budgetary cuts proposed by the French Government for the 2025 budget equate exactly to the annual cost of tax breaks and tax allowances granted to wealthy individuals and multinational corporations by the French Government since 2017; |