BUDGET AMENDMENTS. EN United in diversity EN. European Parliament 2018/2046(BUD) Budget (2018/2046(BUD))

Transcription

1 European Parliament Committee on Economic and Monetary Affairs 2018/2046(BUD) BUDGET AMENDMENTS 2019 Budget (2018/2046(BUD)) Committee on Economic and Monetary Affairs Rapporteur: Luděk Niedermayer AB\ EN.docx PE v01-00 EN United in diversity EN

2 AB AB\ EN.docx 2/55 PE v01-00 EN

3 Draft amendment 6100 === ECON/6100 === Tabled by Rina Ronja Kari, Committee on Economic and Monetary Affairs Article Coordination and surveillance of, and communication on, the economic and monetary union, including the euro p.m. p.m. Total p.m. p.m. The EMU and its economic governance arrangements, including the European Semester, have imposed a single economic policy approach on Member States and their sovereign governments and peoples. Mechanisms involving, for example, surveillance of Member States' budgetary positions and draft budgets have been used as means of coercion to prevent any progressive economic policymaking in defence of free, high-quality and universal public services or in support of labour and social rights. Draft amendment 6101 === ECON/6101 === Tabled by Miguel Viegas, Committee on Economic and Monetary Affairs, João Ferreira, João Pimenta Lopes Article Coordination and surveillance of, and communication on, the economic and monetary union, including the euro p.m. p.m. Total p.m. p.m. EMU and its economic governance, including the European Semester, have imposed on Member States' people and sovereign governments a single line of economic policy: the neoliberal one. Mechanisms such as monitoring budgetary positions and state budget projects have served as blackmail and are intended to prevent any progressive economic policy, namely free, universal and quality public services, as well as to prevent the promotion of labor and social rights. Draft amendment 6102 === ECON/6102 === Tabled by Luděk Niedermayer, rapporteur, Committee on Economic and Monetary Affairs 3

4 Article Coordination and surveillance of, and communication on, the economic and monetary union, including the euro Total Restore Commission proposal. Draft amendment 6483 === ECON/6483 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes, Rina Ronja Kari Article Enforced budgetary surveillance proceeds to be transferred to the European Stability Mechanism Amend figures, remarks and legal basis as follows: p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. Total p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. Delete following text: This article is intended to cover the assignment to the European Stability Mechanism of fines collected in application of Articles 6 and 8 of Regulation (EU) No 1173/2011 in accordance with Article 10 thereof. As such, any revenue from fines entered in Article of the statement of revenue may give rise to the provision of appropriations. The system of sanctions provided for in Regulation (EU) No 1173/2011 enhances the enforcement of the preventive and corrective parts of the Stability and Growth Pact in the euro area. Legal basis: Delete following text: Regulation (EU) No 1173/2011 of the European Parliament and of the Council of 16 November 2011 on the effective enforcement of budgetary surveillance in the euro area (OJ L 306, , p. 1). This article is intended to cover the assignment to the European Stability Mechanism of fines collected. The financial sanctions under Stability and Growth Pact in the euro area are an inadmissible blackmail instrument towards Member States and their people. Draft amendment 6484 === ECON/6484 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes 4

5 Add: p.m. p.m. Total p.m. p.m. Programme to support Member States' economies intervened by the troika Despite the conclusion of the economic adjustment programmes, Member States that were subjected thereto face serious problems at economic and social level and are still affected by the consequences and the policies imposed by the Troika. Therefore, this programme will work as an emergency plan to support the economy of those countries that were subjected to the Troika s intervention, and for this plan to provide financial resources and the necessary exceptions to the functioning of the single market and common policies. This programme will specifically support Member States intervened by the troika, helping them to cope with the consequences of EU-IMF programmes (economic recession/stagnation, employment destruction and debt explosion). It will support economy stimulation, namely through productive investment, and job creation. EU-IMF intervention programmes had disastrous and painful consequences, leading to a significant deterioration of the economic and social situation. Intervened countries shall be compensated by the losses caused and supported, effecting the so-called cohesion principle. Draft amendment 6106 === ECON/6106 === Tabled by Rina Ronja Kari Add: p.m. p.m. Total p.m. p.m. Programme to support Member States in the case of a negotiated exit from the euro The asymmetric nature of the EMU has led to growing divergence among Member States and to a sharp decline of the economic and social situation in some Member States, particularly in the southern EU. EU-IMF interventions did not solve the existing problems, on the contrary, it has kept some Member States from pursuing effective policies for recovery. Recovering economic and monetary self- 5

6 determination must be acknowledged and supported as a possibility to all the MS willing to do so. The asymmetric nature of the EMU has led to growing divergence among Member States and to a sharp decline of the economic and social situation in some Member States, particularly in the southern EU. EU-IMF interventions did not solve the existing problems, on the contrary, it has kept some Member States from pursuing effective policies for recovery. Recovering economic and monetary self-determination must be acknowledged and supported as a possibility to all the MS willing to do so. Draft amendment 6103 === ECON/6103 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes Add: Total Programme to support Member States in the case of a negotiated exit from the euro The asymmetric nature of the EMU led to growing divergence among Member States and to a sharp deterioration of the economic and social situation in some Member States. EU-IMF interventions did not solve the existing problems, well on the contrary, they worsened the whole situation. Recovering economic and monetary sovereignty must be acknowledged as a possibility to all the MS willing to do so and duly supported by the EU. Thus, calls for the creation of specific support programmes for countries which consider that membership of the euro area has become unsustainable and unbearable, providing for adequate compensation for the losses caused, within the framework of a negotiated exit from the single currency for those Member States which seek to leave it. The asymmetric nature of the EMU led to growing divergence among Member States and to a sharp deterioration of the economic and social situation in some Member States. EU-IMF interventions did not solve the existing problems, well on the contrary, they worsened the whole situation. Recovering economic and monetary sovereignty must be acknowledged as a possibility to all the MS willing to do so and duly supported by the EU Draft amendment 6107 === ECON/6107 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes Item Preparatory action Capacity development and institution building to support the implementation of economic reforms 6

7 p.m p.m p.m p.m. p.m. Total p.m p.m p.m p.m. p.m. The economic reforms promote by the Commission and the European economic governance only pretend to impose neoliberal policies, which have been responsible for the destruction of Member States productiviy capacity, as well as the loss of social and labour rights. Draft amendment 6108 === ECON/6108 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes Add: Total Pilot project Creation of emerging plans to support the economies that were under the Troika intervention Despite the conclusion of the economic adjustment programmes, Member States that were subjected thereto face serious problems at economic and social level and are still affected by the consequences and the policies imposed by the Troika. Therefore, the aim of this emergency plan is to support the economy of those countries that were subjected to the Troika s intervention, and for this plan to provide financial resources and the necessary exceptions to the functioning of the single market and common policies. The emerging plans will specifically support Member States intervened by the troika, helping them to cope with the consequences of EU-IMF programmes (economic recession/stagnation, employment destruction and debt explosion). It will support economy stimulation, namely through productive investment, and job creation. Legal basis: Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). EU-IMF intervention programmes had disastrous and painful consequences, leading to a significant deterioration of the economic and social situation. Intervened countries shall be compensated by the losses caused and supported, effecting the so-called cohesion principle. 7

8 Draft amendment 6109 === ECON/6109 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes, Rina Ronja Kari Article Macro-financial assistance p.m. p.m. Total p.m. p.m. Macro-financial assistance programmes are a geopolitical weapon, which real intention is to fill the extortion process of the national resources of the countries - in this case of the countries outside the EU -, which will result in not reducing public debts and deficits but increasing them, and will lead to the destruction of national sovereignties and the creation of relations of economic and financial dependence of neocolonial character. Draft amendment 6110 === ECON/6110 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Item Executive Agency for Small and Medium-sized Enterprises Contribution from Competitiveness of enterprises and small and medium-sized enterprises (COSME) Total Assistance to micro, small and medium-sized enterprises is now vital for the sector and important for the economies of the Member States. Therefore, we consider it necessary to create and strengthen the support mechanisms for SMEs. Draft amendment 6111 === ECON/6111 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Add:

9 Total Pilot project Study the impact of the "Digital Revolution" and "Industry 4.0" Employment in the European Union. This pilot project aims to study the impact that the so-called "Digital Revolution" and "Industry 4.0" will induce the European Union (EU) and in particular Member States, the level of employment but also, and above all, the consequences which may possibly result in unemployment by eliminating jobs in areas where technological advances eliminate. It is intended to power a general framework at EU level but also at the level of each State, in view of the potential dangers or to job creation and distribution of potential wealth generated by these instruments and strategies. Legal basis: Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). If on one hand the progressive use of modern digital media can, in general, improve the quality of life of citizens, on the other hand it cannot be ignored that involves a perverse effect, in terms of loss of jobs and casualization of same, with serious social and economic consequences. The preparation of this study is at least prudent to assess the adoption of measures consequent policies to safeguard the right to employment, workers' rights and economic and social cohesion. Draft amendment 6112 === ECON/6112 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Add: Total Pilot project Study the general framework and evolution of Institutes and National Research Laboratories in the Member States. 9

10 This pilot project aims to study the general framework and evolution of the Institutes and Laboratories National Research, at the level of Member States. Quantitatively it is intended to know the creation, evolution or extinction, over time, these scientific research and development structures in each Member State. Qualitatively want to know the availability of access to necessary resources (including Community financial, infrastructure, human resources and technical expertise) for the development of research and knowledge transfer to the various social and economic sectors. Legal basis: Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). In many Member States there has been a prolonged and planned disinvestment, which in many cases has led to the reduction of resources and resource, if not even to extinction of institutes and National Laboratories. This puts into question the conditions of development and production of knowledge at the level of states, they lose so instruments with upgradeability and own production, first to define policies with resources for social and economic development. Draft amendment 6113 === ECON/6113 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Add: Total Pilot project Study measures in the Bank Credit area - low interest rates and average terms - for SMEs. It must be remembered that the situation of SMEs is not much different in most Member States, except in countries like Norway, Sweden, France and Germany, which generally live in economic and financial good health. This pilot project aims to study measures in the bank credit area, which among other focus the parameters of interest and deadlines in order to adapt them to the needs and viability. Legal basis: Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). 10

11 Thousands and thousands of SMEs are now completely stifled in the development of their activity by the fact that bank loans have high interest rates and not too short term. The harsh reality is that many thousands of SMEs go bankrupt by economic reasons and the situation in each country, compounded by lack of access to credit or them having difficulty in meeting the parameters of the required credit. Draft amendment 6114 === ECON/6114 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Add: Total Pilot project Program of debureaucratisation and support to micro, small and medium enterprises This pilot project will have the following objectives: 1. A characterisation of the sector, with the identification of the constraints and threats it currently faces at the bureaucratic level; 2. Definition of proposals for solutions that promote the de-bureaucratisation of the sector; 3. The identification of EU instruments that can be directly or indirectly used by the sector; 4. The characterisation of the use of the instruments / actions / measures / financing available by the sector; 5. Assessing the adequacy of existing instruments to the needs of SMEs and drawing up proposals for their possible adaptation, in line with the evaluation carried out; 6. The implementation of concrete actions to support SMEs. Legal basis: Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). According to the testimony of many micro, small and medium entrepreneurs, there has not yet been a significant economic recovery, especially in trade, catering and services. The monopolistic position in strategic sectors - energy, communications, credit, etc. - and the fiscal burden imposed on SMEs, unequal to other economic groups, are factors that remain unavoidable for the resuscitation capacity of the economy. =-=-=-=-=-=-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-=-=- =-=-=-=-=-=-=-=-=-=-=-=-=-==-=-=-= 11

12 Draft amendment 6115 === ECON/6115 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Add: Total Pilot project Study the situation of the Renewable Energy in the European Union - process of transfer of traditional energy sources to renewable energy sources in the Member States. This pilot project aims to study the situation of the Renewable Energy in the European Union. It is intended him to have a clear idea of the current situation in each Member State on the effective use of these energy sources, production levels, energy dependence depending on each type of resource, the progress and / or difficulties in the implementation of the various technologies, taking into account inter alia, the availability of those resources - renewable energy sources - and / or energy poverty. From the technical point of view, this work is expected to identify strengths and weaknesses in order to define strategies for the future Legal basis: Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). The conclusion of cop21 - Climate Conference in Paris, December announced among other things, the intention of "ambitious" subscriber governments, to increase the use of sources of renewable energy in order to reduce pollution levels and CO2 emissions. Also the European Union in view of its announced strategy for the circular economy, and self-proclaimed way towards environmental sustainability, proclaims the transfer of traditional energy sources to renewable energy sources Draft amendment 6116 === ECON/6116 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Item Support to organisations representing small and medium-sized enterprises (SMEs) and societal stakeholders in standardisation activities 12

13 Total This appropriation is intended to cover the running costs and activities of non-governmental European nonprofit organisations representing the interests of SMEs and consumers as well as environmental and social interests. Assistance to micro, small and medium-sized enterprises is now a vital issue in this sector, which is so important for the economies of the Member States. We therefore consider it important to create and strengthen support mechanisms for SMEs. Draft amendment 6117 === ECON/6117 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Item Increasing innovation in small and medium-sized enterprises (SMEs) Total Assistance to micro, small and medium-sized enterprises is now vital for the sector and important for the economies of the Member States. Therefore, we consider it necessary to create and strengthen the support mechanisms for SMEs. Draft amendment 6118 === ECON/6118 === Tabled by João Ferreira, João Pimenta Lopes, Miguel Viegas Item Pilot project CSDP research p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. Total p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. The pilot project on CSDP research, undertaken jointly by the Commission and the EDA, has to be terminated immediately, and no further payments shall be made. Expenditure arising from actions having military or defence implications must not be charged to the Union budget. Any involvement or financing from the Horizon 2020 funds or EU- budget for military, civil-military or security research in general is strongly rejected. 13

14 Draft amendment 6119 === ECON/6119 === Tabled by João Pimenta Lopes, João Ferreira, Miguel Viegas Item European Social Fund Operational technical assistance Total One of the greatest difficulties for organisations in the field of implementing the European Social Fund programs lies in their complexity, leading to a low application rate and a very limited execution rate of funding. It is, therefore, essential to increase technical support and assistance, especially at a time when the ESF programming period is ending. Draft amendment 6120 === ECON/6120 === Tabled by João Pimenta Lopes, João Ferreira, Miguel Viegas Article Youth Employment Initiative Total The allocated funding is far below what would be required to have a real impact on youth unemployment. The ILO study "Eurozone job crisis: trends and policy responses", refers to the need to inject million euros in the period, to have an impact on the level of youth unemployment. This proposal rises the amounts to be more in line with the real needs. Draft amendment 6121 === ECON/6121 === Tabled by João Pimenta Lopes, João Ferreira, Miguel Viegas Article European Solidarity Corps Contribution from the European Social Fund 14

15 p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m p.m. p.m. Total p.m. p.m. The European Solidarity Corps adds nothing new to UE level union youth policy. Its goals are rhetorical, its technical characteristics overlap with other programs (with some years of satisfactory results) as EVS or Erasmus +, and it will decapitalise other social and social cohesion priorities - like in this appropriation, taking money from ESF that could be used in effective proposes rather than in social make-up! Draft amendment 6122 === ECON/6122 === Tabled by João Pimenta Lopes, João Ferreira, Miguel Viegas Item Cost of preliminary consultation meetings with trade union representatives Total The social consequences of the economic and financial crisis and the implementation of the so-called Austerity Policies, Memorandum of Understanding and Adjustment Programs, led to the brutal reduction of workers' rights and to historical unemployment levels in our societies, so it is essential to strengthen the cover for expenses relating to prior consultation meetings between union representatives. Draft amendment 6123 === ECON/6123 === Tabled by João Pimenta Lopes, João Ferreira, Miguel Viegas Item Microfinance and Social Entrepreneurship Increasing access to, and the availability of, financing for legal and physical persons, especially those furthest from the labour market, and social enterprises Total The social consequences of the economic and financial crisis and the implementation of the so-called Austerity Policies, Memorandum of Understanding and Adjustment Programs, led historic unemployment levels in our societies, so it is fundamental to reinforce these appropriations, not lowering the best amounts 15

16 from recent years. Draft amendment 6124 === ECON/6124 === Tabled by João Pimenta Lopes, João Ferreira, Miguel Viegas Article European Labour Authority (ELA) Amend figures and conditions for releasing the reserve as follows: p.m. p.m. p.m. p.m. p.m. p.m p.m. p.m. Total p.m. p.m. Conditions for releasing the reserve: Delete following text: These appropriations have been entered in the reserve and will be released following the adoption of the legislative act establishing the European Labour Authority. The European Labour Authority represents a clear interference in the autonomy of the labor authorities of the Member States, promoting the centralisation of powers and ways of supervising working conditions and safeguarding workers' rights. We must be strengthening their skills and strengths, as well as promoting spaces for dialogue, exchange and cooperation, responding to the needs and safety of workers in a context of increasingly deregulated work. Draft amendment 6127 === ECON/6127 === Tabled by João Pimenta Lopes, João Ferreira, Miguel Viegas Add: Total Pilot project Consequences of reductions in welfare benefits This pilot project aims to develop studies on the consequences of the reduction of social policies (family allowance, unemployment social subsidy, complement sickness allowance, social inclusion income) on increasing poverty, social inequality and inequalities between men and women. As EU policies tends to follow the continuing of austerity measures, it is important to distinguish, based on social indicators, models such EUROMOD and on all the EUROFUND expertise, the impacts of financial crisis and the 16

17 loss of social transfers to the social structure of the Member-States. Legal basis: Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). The so-called austerity policies imposed on Member-States have resulted in rising unemployment and widespread low wages, pensions and social benefits. It is fundamental, to the consequent development of social policies, to assess the responsibility of growing inequalities and poverty: centred on the loss of "social benefits". Draft amendment 6128 === ECON/6128 === Tabled by João Pimenta Lopes, João Ferreira, Miguel Viegas Add: Total Pilot project Health and Safety Impacts of Working Conditions to airplane cabin crews In the last three decades cabin crews have gone from flying 50/55 hours/month to 95/100 hours/month. During the same period, cabin crews have gone working from 3 long-haul flights to 6. On the other hand, commercial aviation changed in a way that cabin crews are more exposed to ionising radiation, and a deplorable air quality inside the planes. This assessment, coordinated by EU-OSHA, involving the companies and the Unions and the workers' representative, should contribute to a real improvement of cabin crews working conditions; to improve safety on-board, both for crew and passengers; and to raise the sector capacity in terms of employment and reliability. Legal basis: Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). These changes need to be properly assessed regarding the impact on health, on family life and safety conditions. The increased numbers of cabin crew members with cancer, infertility and teratogenicity (defects 17

18 in offspring), sleep disorders or social isolation shows that changes (labour and technical) in aviation degraded working conditions, but also the safety of passengers (namely frequent passengers). Draft amendment 6129 === ECON/6129 === Tabled by João Pimenta Lopes, João Ferreira, Miguel Viegas Add: Total Pilot project The impact of precarious employment in the safety and health of all workers This study is to verify the extent to which precarious employment in its many forms affects the safety and health of all workers. EUROFOUND expertise should coordinate this issue, having in consideration the raising of precariousness models of work, labour and social insecurity, the decrease of public services of social support, and the raise of poverty. Legal basis: Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). The economic and social crisis in the EU and the imposed austerity policies, caused high levels of unemployment and a deterioration of working conditions, with strong growth of precariousness of employment relationships, the proliferation of atypical employment relationships (service, work the piece and the journeyman, outsourcing, temporary work), increase in working hours, the reduction in rest periods and the intensification of work rhythms. Draft amendment 6130 === ECON/6130 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Item Executive Agency for Small and Medium-sized Enterprises Contribution from Horizon

19 Total Assistance to micro, small and medium-sized enterprises is now vital for the sector and important for the economies of the Member States. Therefore, we consider it necessary to create and strengthen the support mechanisms for SMEs. Draft amendment 6131 === ECON/6131 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Item Increasing innovation in small and medium-sized enterprises (SMEs) Total Assistance to micro, small and medium-sized enterprises is now vital for the sector and important for the economies of the Member States. Therefore, we consider it necessary to create and strengthen the support mechanisms for SMEs. Draft amendment 6132 === ECON/6132 === Tabled by João Ferreira, Miguel Viegas, João Pimenta Lopes Article Science with and for society Total The aim of this line is to create effective cooperation between science and society, to recruit new talents for science and to associate scientific excellence with social awareness and responsibility. It is understood that it is of the greatest importance to strengthen investment in research and innovation with a view to accessing knowledge and raising the living conditions of the population. Draft amendment 6133 === ECON/6133 === Tabled by Miguel Viegas, João Pimenta Lopes, João Ferreira 19

20 Article MEDIA Sub-programme Operating transnationally and internationally and promoting transnational circulation and mobility Total Due to the financial crisis in Europe, for several years, the cultural sector has suffered harsh cuts in film funding, registering a cultural production decline that deteriorates the freedom of creation and cultural enjoyment, the survival of the sector and its workers. To counter this trend, it is proposed to increase of the amounts assigned to them. Draft amendment 6134 === ECON/6134 === Tabled by Miguel Viegas, João Pimenta Lopes, João Ferreira Article Multimedia actions Total Due to the financial crisis in Europe, for several years, the cultural sector has suffered harsh cuts in film funding, registering a cultural production decline that deteriorates the freedom of creation and cultural enjoyment, the survival of the sector and its workers. To counter this trend, it is proposed to increase of the amounts assigned to them. Draft amendment 6135 === ECON/6135 === Tabled by Rina Ronja Kari Article Implementation and development of the single market for financial services p.m. p.m. Total p.m. p.m. 20

21 By increasing the degree of financialisation of Member States' economies, projects such as the Capital Markets Union solely serve the interests of multinational financial enterprises, financial speculators and large European banks, considerably increasing the risk of a new financial crisis. Draft amendment 6136 === ECON/6136 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes Article Implementation and development of the single market for financial services p.m. p.m. Total p.m. p.m. Like other initiatives, the single market for financial services is based on concepts which, apparently aimed at improving the conditions of users, represent, in practice, another element of deepening federalism and of empowering and serving the great financial interests, promoting the concentration of wealth and the centralisation of economic power. Draft amendment 6138 === ECON/6138 === Tabled by Sven Giegold Article Standards in the fields of financial reporting and auditing Amend figures and conditions for releasing the reserve as follows: Total Conditions for releasing the reserve: The reserve is to be released under the condition that the requests made in the European Parliament (Stolojan) initiative report on IAS evaluation and the activities of the IFRS Foundation, EFRAG and the PIOB (2016/2006(INI)) are fulfilled by the IFRS Foundation and the PIOB. Funding for the requests made in the European Parliament (Stolojan) initiative report on IAS evaluation and the activities of the IFRS Foundation, EFRAG and the PIOB (2016)/2006 (INI) should be ensured. 21

22 Draft amendment 6137 === ECON/6137 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes Article European Banking Authority (EBA) p.m. p.m. Total p.m. p.m. EBA aims to ensure prudential regulation and supervision throughout the European banking sector, with the aim of protecting the public interest. However, since its creation, it has become clear that new banking and financial crises are far from being avoided, especially because the fundamental question of financial speculation has not changed. Draft amendment 6139 === ECON/6139 === Tabled by Luděk Niedermayer, rapporteur Article European Banking Authority (EBA) Total Due to indications from the Council on the slow progress of negotiations on the ESAs review file and therefore the low probability of the legislation being implemented from the beginning of 2019, we propose to cut the estimated cost of ESAs review for 2019 by fifty percent. Draft amendment 6140 === ECON/6140 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes Article European Insurance and Occupational Pensions Authority (EIOPA) p.m. p.m. 22

23 Total p.m. p.m. EIOPA's core responsibilities are to support the stability of the financial system, transparency of markets and financial products as well as the protection of policyholders, pension scheme members and beneficiaries. Despite its creation, it is clear that new banking and financial crises are far from being avoided, especially because the fundamental question of financial speculation has not changed Draft amendment 6141 === ECON/6141 === Tabled by Luděk Niedermayer, rapporteur, Committee on Economic and Monetary Affairs Article European Insurance and Occupational Pensions Authority (EIOPA) Total Due to indications from the Council on the slow progress of negotiations on the ESAs review file and therefore the low probability of the legislation being implemented from the beginning of 2019, we propose to cut the estimated cost of ESAs review for 2019 by fifty percent. Draft amendment 6142 === ECON/6142 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes Article European Securities and Markets Authority (ESMA) p.m. p.m. Total p.m. p.m. ESMA's mission is to enhance investor protection and promote stable and orderly financial market. Despite its creation, it is clear that new banking and financial crises are far from being avoided, especially because the fundamental question of financial speculation has not changed. Draft amendment 6143 === ECON/6143 === Tabled by Luděk Niedermayer, rapporteur, Committee on Economic and Monetary Affairs 23

24 Article European Securities and Markets Authority (ESMA) Total Due to indications from the Council on the slow progress of negotiations on the ESAs review file and therefore the low probability of the legislation being implemented from the beginning of 2019, we propose to cut the estimated cost of ESAs review for 2019 by fifty percent. Draft amendment 6145 === ECON/6145 === Tabled by Markus Ferber, Siegfried Mureşan Item Pilot project Creating a true Banking Union Research into differences in bankrelated laws and regulations in euro area countries and the need to harmonise them in a Banking Union Amend figures and remarks as follows: p.m p.m Total p.m p.m After paragraph: Creating a true Banking Union will lead to a European... harmonisation is not always feasible and necessary. Beyond one study (out of three) on differences in insolvency laws to be launched in 2018, a particular focus in 2019 for the project going forward should lie on describing and assessing the impact that differences in bank insolvency laws have on the progress made in completing the Banking Union. The project should further assess a common set of standards for bank insolvency rules. The Pilot Project builds upon and further develops the existing pilot project of the same name. Recent bank resolution cases have highlighted that the line between resolution and insolvency and in particular the evaluation of the "nocreditor-worse-off' principle differs in line with the respective national insolvency procedure. This might in turn lead to inconsistent application of resolution tools. Hence, common standards in bank insolvency law across the Banking Union might be a desirable objective Draft amendment 6146 === ECON/6146 === 24

25 Tabled by Rina Ronja Kari Item Pilot project Creating a true Banking Union Research into differences in bankrelated laws and regulations in euro area countries and the need to harmonise them in a Banking Union p.m p.m p.m. p.m. Total p.m p.m p.m. p.m. The EU banking sector, and the ECB in particular, are non-transparent and democratically unaccountable institutions. Proper policies to combat the consequences of too big to fail banks have not been made. No steps toward an EU banking union should be considered before these problems are solved, as a banking union with these problems is even more problematic than the current banking sector. Draft amendment 6147 === ECON/6147 === Tabled by Miguel Viegas, João Ferreira, João Pimenta Lopes Item Pilot project Creating a true Banking Union Research into differences in bankrelated laws and regulations in euro area countries and the need to harmonise them in a Banking Union p.m p.m p.m. p.m. Total p.m p.m p.m. p.m. The Banking Union has been operating as a political tool to force a process of capital centralisation and concentration, since has been serving to promote and ultimately bring about several mergers and acquisitions in the banking sector of different Member States. Additionally, it has further weakened Member States ability to control their banking system. Draft amendment 6487 === ECON/6487 === Tabled by Sven Giegold Add:

26 Total Pilot project Capacity building for developing methodological milestones for the integration of environmental and climate risks in the EU banking prudential framework Environmental and climate risks carry challenges that are not appropriately taken into account by the financial sector. Between 60 and 80 per cent of the coal, oil and gas reserves of publicly listed companies are unburnable if the world is to have a chance of keeping global warming well below 2 C and as closely as possible to 1,5 C as agreed at the COP21 in Paris. This means in practice that a very substantial source of global systemic risk is currently embedded within EU and global financial markets due to such carbon stranded assets. As the Commission point out in its action plan for financing sustainable growth adopted in March 2018, The increase in weather-related natural disasters means that insurance companies need to prepare for higher costs. Banks will also be exposed to greater losses due to the lower profitability of companies most exposed to climate change or highly dependent on dwindling natural resources (...) close to 50% of the exposure of Euro area banks to risk is directly or indirectly linked to risks stemming from climate change. As a part of its action plan for financing sustainable growth the Commission announced that in the second quarter of 2018 it will propose a Regulation on the principles and scope of a EU taxonomy for climate change, environmental and socially sustainable activities. The aim is to embed the future EU sustainability taxonomy in EU law and provide the basis for using such a classification system in different legal basis such as those regarding banking prudential standards. The Commission will also set up a technical expert group on sustainable finance. The group will be asked, based on broad consultation of all relevant stakeholders, to publish a report providing a first taxonomy with a particular focus on climate change mitigation activities by the first quarter In the same context, the ECON committee adopted a report on sustainable finance asking the Commission to adopt a regulatory strategy and a roadmap aimed inter alia at measuring sustainability risks within the Basel IV prudential framework for banks. The report includes a commitment to initiate an EU pilot project within the next annual budget to start developing a methodology with that purpose as well as a call for introducing European carbon stress tests and a roadmap towards a mandatory reporting of carbon stranded assets. The proposed pilot project aims at supporting the activities of the Commission as well as of the expert group on sustainable finance by providing dedicated resources for exploring how to develop methodologies that could be used by supervisors for measuring the intensity of climate/environmental risks to which banks are exposed (including risks related to the depreciation of assets due to changes to the regulatory treatment). Such dedicated resources will also support capacity building for developing an underlying methodology for 'carbon stress tests'. The methodologies would have to be based on specific qualitative criteria and quantitative indicators and would be used by supervisors to assess (i) whether banks manage the abovementioned risks properly and (ii) whether the overall business strategy and investment policy of a bank is aligned with the Paris targets and EU related Environmental, Social and Governance (ESG) goals. The project would be expected to build on the EU taxonomy to be laid down by the Expert Group and further developed by the Platform to be set up by the Commission. Legal basis: 26

27 Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). The ECON committee adopted report on sustainable finance committing to initiate an pilot project for developing methodology for the integration of environmental and climate risks in the EU banking prudential framework as well as the development of 'carbon stress tests'. The proposal has receive an 'B grade' in the Commission's pre-assessment and the scope of the proposal was adapted to fully integrate the remarks made by the Commission to ensure that the project can be implemented. Draft amendment 6149 === ECON/6149 === Tabled by Miguel Viegas, João Pimenta Lopes, João Ferreira Add: Total Pilot project Participated Management of EU Funding One of the great benefits of education is its impact on future generations. If at individual level this is expressed in the increased likelihood to break the cycle of poverty, at country's level education promotes more development and economic growth. Pre-school and primary education are the levels with a higher attendance rate among the poorest children, being the most relevant education levels to ensure future learning. This line intends to support greater involvement, scrutiny and control by the social organisations and in particular the structures and organisations representing workers on the use of EU funds, especially (but not exclusively) from the Structural Funds associated with cohesion policies. Legal basis: Pilot project within the meaning of Article 54(2) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, , p. 1). Considering that we are at the end of MFF preparing the new MFF period -, it is time to stimulate a real participated management and implementation of EU funds, promoting greater involvement, 27