Banque centrale européenne – rapport annuel 2024

Texte tel que publié par le PE, en anglais.

1. Amendement 2Rejeté

   Paragraph 26 a (new)

   Déposé par Jussi Saramo · The Left

   Ajouté: 26a. Highlights the expected benefits of a public digital euro, such as improved financial inclusion, enhanced resilience of the payment system, reduced costs for merchants, and a reliable offline backup payment system; expresses concern, at the same time, about the dependence of the European payment system on non-European payment service providers;

2. Amendement 3Rejeté

   Paragraph 39 a (new)

   Déposé par Jussi Saramo · The Left

   Ajouté: 39a. Highlights the need for an environmentally sustainable monetary policy in the form of, for example, green refinancing operations;

3. Amendement 6Adopté

   Paragraph 28

   Déposé par Denis Nesci, Johan Van Overtveldt · ECR

   28. Reiterates that Supprimé: the digital euro will serve as complement to physical cash, that it should not replace cash and that cash will Ajouté: cash should remain widely available and accessible at all times in order to ensure …

4. Amendement 17Rejeté

   Recital -A a (new)

   Déposé par João Oliveira · The Left

   Ajouté: Aa. whereas the increases in reference interest rates determined by the ECB have had and continue to have damaging effects on the solvency of households, microenterprises and SMEs in countries where variable interest rates prevail;

5. Amendement 18Rejeté

   Recital A a (new)

   Déposé par João Oliveira · The Left

   Ajouté: Aa. whereas, in countries such as Spain, Portugal and Finland, variable-rate mortgages were particularly popular when consumers acquired their homes in the past; whereas those consumers were immediately affected by interest rate rises; whereas consumers with fixed-rate loans, on the other hand, only feel the impact of interest rate rises later and under certain conditions; whereas such variations within the euro area means that the transmission of monetary policy decisions is likely to be quicker in countries that have a higher percentage of variable-rate loans1c; whereas the situation has contributed to difficulties accessing housing in some countries1d; 1c Baldassarri, Lorenzo, et al., ‘Monetary Policy Transmission: Why Consumers’ Housing Situations Matter’, European Central Bank, 3 October 2024 (www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20241003~44069e813f.en.html). 1d Igan, Deniz, ‘The Housing Affordability Crunch’, IMF, 3 December 2024 (www.imf.org/en/Publications/fandd/issues/2024/12/thehousingaffordabilitycrunchdenizigan).

6. Amendement 19Rejeté

   Recital A b (new)

   Déposé par João Oliveira · The Left

   Ajouté: Ab. whereas a recent study by the International Monetary Fund1e shows that the pass-through of increased interest rates to consumers and businesses by the banking sector has been very heterogeneous, taking into account the sector concentration, the type of mortgage rate and the amount of mortgage borrowing families have, among other factors; 1e Beyer, R., Chen, R., Li, C., Misch, F., Ozturk, E., and Ratnovski, L., ‘Monetary Policy PassThrough to Interest Rates: Stylized Facts from 30 European Countries’, IMF working paper (WP/24/9), 2024.

7. Amendement 20Rejeté

   Recital A c (new)

   Déposé par João Oliveira · The Left

   Ajouté: Ac. whereas the dividends of European banks alone have exceeded pre-2008 levels and the rewards for shareholders are even greater if share buybacks are taken into account1f; 1f Foy, Simon, ‘European banks to reward investors with bumper €123bn in payouts’, Financial Times, 23 January 2025 (www.ft.com/content/cfe4c11303b54cd5b61f1c5d7e98e281).

8. Amendement 21Rejeté

   Recital A d (new)

   Déposé par João Oliveira · The Left

   Ajouté: Ad. whereas reference interest rate rises increase financial margins in the banking sector, especially where the greatest sector concentration can be found;

9. Amendement 22Rejeté

   Paragraph 1 a (new)

   Déposé par João Oliveira · The Left

   Ajouté: 1a. Considers it imperative that the European Central Bank swiftly reverses the reference interest rate rises;

10. Amendement 23Rejeté

    Paragraph 1 b (new)

    Déposé par João Oliveira · The Left

    Ajouté: 1b. Takes the view that, in the immediate future, banking sector profits should be used to cover of the impact of higher reference interest rates on mortgages;

11. Amendement 26Rejeté

    Paragraph 18

    Déposé par Auke Zijlstra, Jorge Martín Frías, Paolo Borchia · PfE

    18. Stresses that supply shocks, primarily originating from Supprimé: external sources, Ajouté: irresponsible government policies, such as over-reliance on energy from unstable and unpredictable sources such as wind and solar, as well as political aversion to stable onshore energy sources, and worrying geopolitical developments, were among the key drivers of the inflation surges; recognises that monetary …

12. Amendement 27Rejeté

    Paragraph 26

    Déposé par Auke Zijlstra, Enikő Győri, Jorge Martín Frías +1 · PfE

    26. Supprimé: Welcomes the ECB’s progress on the digital euro project and its Ajouté: Notes that the US President Donald Trump has recently issued a ‘digital financial technology’ executive order terminating all federal agencies’ work on a digital US dollar; recalls that the Bank of Canada, the Swedish Riksbank and the Danish Nationalbank have also discontinued their work on their respective central bank digital currencies (CBDCs); calls on the ECB and the Commission to take these developments into account in the ongoing preparatory process and in their ongoing dialogue with Parliament; Supprimé: underscores that the digital euro should deliver clear added value to European citizens, including enhanced strategic autonomy in payments, a higher level of competition in the retail payment market, potential to foster innovation in payments and finance, improved financial inclusion and a reliable offline backup payment system; calls on the ECB to clearly communicate these benefits in order to foster public trust and awareness; notes that the EU co-legislators will need to strike the right balance, among others, on holding limits, privacy concerns, competition with private payment solutions and usability in a business context;

13. Amendement 29Rejeté

    Paragraph 39

    Déposé par Auke Zijlstra, Enikő Győri, Jorge Martín Frías +1 · PfE

    … its available tools to ensure that banks take all financial and external Supprimé: risks, including climate and geopolitical risks, seriously; Ajouté: risks seriously, including geopolitical risks and risks resulting from negative effects of the Green Deal on prices, in particular of commodities, and negative effects on employment that may arise if an unpragmatic approach is taken to the digital and green transition; welcomes the ECB’s activities to further enhance the Eurosystem’s risk assessment tools and capabilities in order to better include Supprimé: climate- and environment-related risks, particularly because climate change and extreme weather phenomena could lead to greater price volatility, Ajouté: environment-related risks, in so far as they are properly quantified, especially in the agri-food sector; Supprimé: invites the ECB to continue its work on climate risk stress tests developed to assess the resilience of banks and corporations in the face of climate transition risk;

14. Amendement 30Rejeté

    Paragraph 13 a (new)

    Déposé par Bas Eickhout · Verts/ALE

    Ajouté: 13a. Agrees with the ECB President’s statement that ‘investment in renewables, grids and storage will lead to lower and more stable energy prices’; underlines that reducing the EU’s dependence on imported fossil fuels and supporting domestically generated renewable energy will reduce the magnitude of energy-related price shocks, reinforcing EU competitiveness while contributing to the ECB’s price stability mandate; stresses, therefore, the convergence of price stability, climate and competitiveness objectives; invites the ECB to reflect on the synergies between monetary and energy policies in this regard;

15. Amendement 32Rejeté

    Paragraph 36

    Déposé par Bas Eickhout · Verts/ALE

    36. Supprimé: Insists that the ECB respect the market neutrality approach in its monetary operations; Ajouté: Notes the ECB’s acknowledgement that market neutrality is a voluntary operational tool, rather than a legal requirement;

16. Amendement 41Adopté

    Paragraph 26 a (new)

    Déposé par Marco Falcone · PPE

    Ajouté: 26a. Demands that any decision to issue the digital euro should not be taken exclusively by the Governing Council of the ECB; considers, instead, that the decision on whether or not to introduce a digital euro is ultimately a political decision that has to be taken by the EU’s legislators, given the profound potential impact of this decision on a wide range of EU domains, including privacy, consumer protection, financial stability, financial policy and other areas that go beyond the strict remit of monetary policy;