A8-0309/12

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1 A8-0309/12 12 João Ferreira, João Pimenta Lopes, Miguel Viegas, Neoklis Sylikiotis, Takis Hadjigeorgiou, Matt Carthy Paragraph 2 a (new) 2a. Reiterates that the introduction of social indicators, the construction of new pillars to support policies or more human statements of intent do not alter the austerity-based, federalist and antidemocratic nature of the policies advocated as part of the European Semester;

2 A8-0309/13 13 Paragraph 2 b (new) 2b. Believes that economic growth should guarantee a positive social impact, through effective redistributive policies that will counter the worsening inequalities seen in recent years; reiterates the need for effective compensation mechanisms to deal with private debt and persistent and systemic macroeconomic imbalances in the EU; calls for the Stability and Growth Pact to be revoked as a brake on public investment, since it is clear that it has been the countries with fiscal margins of manoeuvre that have best withstood the crisis and the worsening social indicators, by means of increased public investment;

3 A8-0309/14 14 Paragraph 3 a (new) 3a. Considers the country-specific recommendations to be a blatant affront to sovereign, democratic decision-making by the Member States peoples and workers concerning the future of their countries; points out that the CSRs in fact demonstrate that the policies imposed on the Member States in the context of economic governance mechanisms are strangling investment and development capacities; argues that the Member States should continue to give priority to the implementation of urgent measures regarding the productive sectors that are vital to each economy and that therefore play an essential role in the potential development of each country; calls for the creation of investment policies and policies to promote public projects and support micro, small and medium-sized enterprises, cooperatives and local government, and for Community funds to be reinforced and oriented in that direction; argues that these measures should promote an increase in the number of jobs, based on collective bargaining, labour protection, higher wages and action to combat precarious employment;

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5 A8-0309/15 15 Paragraph 4 a (new) 4a. Points out that the structural reforms and pro-cyclical fiscal retrenchment required in the European Semester are a major contributing factor to the social and economic crisis; stresses that the consequence of the austerity promoted by the EU institutions has been a general increase in levels of poverty (125 million in the EU-28), increasing inequality, lower wages, unemployment and precarious employment, attacks on workers rights and the destruction and privatisation of public services, above all in the areas of health and education;

6 A8-0309/16 16 João Ferreira, João Pimenta Lopes, Miguel Viegas, Marisa Matias, Neoklis Sylikiotis, Takis Hadjigeorgiou, Matt Carthy Paragraph 9 a (new) 9a. Calls for the European Semester to be revoked and an intergovernmental conference to be convened with the aim of establishing an institutional basis for the reversibility of the treaties, the immediate suspension of the budget treaty and its repeal, and the repeal of the Lisbon Treaty;

7 A8-0309/17 17 Paragraph 10 a (new) 10a. Urges the EU institutions to embark on and support a process to renegotiate government debt in the most heavily indebted countries (covering amounts, payment deadlines and interest rates) with a view to substantially reducing debt levels and annual charges so as to restore sustainability, thereby making debt service compatible with economic and social development in the countries concerned;

8 A8-0309/18 18 Paragraph 10 b (new) 10b. Calls for an immediate end to the socalled memoranda of understanding and the counter-productive and socially devastating austerity and neo-liberal policies that they impose; calls for emergency plans to be drawn up to support the economies of countries under the Troika regime in order to provide for financial resources and for the necessary exceptions to the operation of the single market and common policies;

9 A8-0309/19 19 João Ferreira, João Pimenta Lopes, Miguel Viegas, Paloma López Bermejo, Fabio De Masi, Neoklis Sylikiotis, Takis Hadjigeorgiou, Matt Carthy Paragraph 10 c (new) 10c. Calls for support programmes to be set up for Member States should they wish having realised that their participation in the EMU has become unsustainable and intolerable to negotiate their exit from the euro, and considers that programmes of this kind should provide for the compensation necessary to make good such social and economic damage, as the countries in question might have suffered because they adopted the single currency;

10 A8-0309/20 20 Paragraph 11 a (new) 11a. Recommends that measures be taken as a matter of urgency to aid the productive sectors which are vital to every economy and hence play an essential role in the potential development of individual countries; calls for the promotion of public projects and support for micro, small, and medium-sized enterprises, cooperatives, and local government, and for Union funds to be boosted and channelled in that direction;

11 A8-0309/21 21 Paragraph 13 a (new) 13a. Greatly deplores the fact that Portugal and Spain are currently being blackmailed and consequently threatened with a series of penalties, resulting in intolerable instability incompatible with the need to revitalise economic growth and overcome the social crisis which the two countries are undergoing; calls, therefore, for the above process and the mechanisms underlying it to be halted immediately; maintains that the European institutions have to respect the sovereignty of each Member State and the decision taken by citizens to move towards development, growth and social cohesion, and that no country should be penalised for stimulating its economy, whether through public investment plans or through redistributive fiscal and progressive tax policies;

12 A8-0309/22 22 João Ferreira, João Pimenta Lopes, Miguel Viegas, Paloma López Bermejo, Fabio De Masi, Neoklis Sylikiotis, Takis Hadjigeorgiou, Matt Carthy Paragraph 13 b (new) 13b. Deeply rejects macroeconomic conditionality whereby cohesion policy is made subject to EU economic governance; stresses that regional policy is an important tool for promoting economic and social cohesion, as its main aims are to reduce disparities among regions, especially where poorer regions and the outermost regions are concerned, to promote real convergence and to encourage growth and employment; maintains that cohesion policy should not be used as a means of financial punishment if a region or Member State rejects deregulation and privatisation policies;