Euro-Latin American Parliamentary Assembly Assemblée Parlementaire Euro-Latino Américaine Asamblea Parlamentaria Euro-Latinoamericana Assembleia Parlamentar Euro-Latino-Americana

EURO-LATIN AMERICAN PARLIAMENTARY ASSEMBLY

AP101.312v01-00

14.12.2012 AMENDMENTS 1-5

Motion for a resolution by the Committee on Economic, Financial and Commercial Affairs

Esther Herranz García (PPE-DE), EP Co-Rapporteur Fausto Lupera Martínez (Parlandino), LAC Co-Rapporteur (AP100.839v05-00)

Globalisation and the financial crisis

Amendment 1 María Muñiz De Urquiza, Constanze Angela Krehl, Catherine Grèze, Jürgen Klute, Luis Yáñez-Barnuevo García, Emine Bozkurt, Luis Manuel Capoulas Santos, Sergio Gaetano Cofferati, António Fernando Correia de Campos, Ricardo Cortés Lastra, Edite Estrela, Sven Giegold, Norbert Glante, Jutta Haug, Martin Häusling, María Irigoyen Pérez, Ana Miranda, Andres Perello Rodriguez, Bernhard Rapkay, Sylvana Rapti, Ulrike Rodust, Raül Romeva i Rueda, Dagmar Roth-Behrendt, Joanna Senyszyn, Francisco Sosa Wagner, Rui Tavares, Bernadette Vergnaud

Motion for a resolution Paragraph 2 a (new)

Motion for a resolution Amendment

2a. Takes the view that greater taxation of high incomes and extensive wealth is vital in order to shore up public finances; takes the view that an excessive focus on

AA\922063EN.doc AP101.312v01-00 EN EN budgetary consolidation hampers economic growth and that it is therefore vital to take steps to establish redistributive taxation, to combat tax fraud and to promote anti-cyclical policies;

Or. es

Amendment 2 María Muñiz De Urquiza, Constanze Angela Krehl, Catherine Grèze, Jürgen Klute, Luis Yáñez-Barnuevo García, Emine Bozkurt, Luis Manuel Capoulas Santos, Sergio Gaetano Cofferati, António Fernando Correia de Campos, Ricardo Cortés Lastra, Edite Estrela, Sven Giegold, Norbert Glante, Jutta Haug, Martin Häusling, María Irigoyen Pérez, Ana Miranda, Andres Perello Rodriguez, Bernhard Rapkay, Sylvana Rapti, Ulrike Rodust, Raül Romeva i Rueda, Dagmar Roth-Behrendt, Joanna Senyszyn, Francisco Sosa Wagner, Gianluca Susta, Rui Tavares, Bernadette Vergnaud

Motion for a resolution Paragraph 8

Motion for a resolution Amendment

8. Proposes that all financial markets, 8. Proposes that all financial markets, products and players become subject to products and players become subject to regulation and supervision, without regulation and supervision, without exceptions and regardless of their country exceptions and regardless of their country of origin; considers that this calls for the of origin; considers that this calls for the creation and approval, by all countries, of a creation and approval, by all countries, of a list of offshore tax havens and an urgent joint list of sanctions against offshore tax regulation of hedge funds and credit-rating havens and the companies and individuals agencies, in the same vein as recent that make use of them; considers it urgent European rules in the field; calls on all the that there be urgent regulation of hedge EU-LAC countries to take any measures funds, speculative funds and credit-rating needed to combat tax havens; agencies, in the same vein as recent European rules in the field; calls on all the EU-LAC countries to close down all tax havens on their territory immediately and to press at international level for the closure of the remaining tax havens by restricting all economic and financial relations with them; with regard to the decision by 11 EU Member States to introduce a financial transaction tax that makes it possible to limit risky speculation and obtain additional income on a global

AP101.312v01-00 2/5 AA\922063EN.doc EN level, emphasises the need for that decision to pave the way for such a tax to be introduced on a global level;

Or. es

Amendment 3 Laima Liucija Andrikienė, Pablo Arias Echeverría, Jean-Pierre Audy, Pilar Ayuso, Mário David, Philippe De Backer, Agustín Díaz de Mera García Consuegra, Rosa Estaràs Ferragut, Luis de Grandes Pascual, Cristina Gutiérrez-Cortines, Małgorzata Handzlik, Esther Herranz García, Carlos José Iturgaiz Angulo, Teresa Jiménez-Becerril Barrio, Veronica Lope Fontagné, Astrid Lulling, Juan Andrés Naranjo Escobar, José Ignacio Salafranca Sánchez- Neyra, Michèle Striffler, Rafał Trzaskowski

Motion for a resolution Paragraph 8

Motion for a resolution Amendment

8. Proposes that all financial markets, 8. Proposes that all financial markets, products and players become subject to products and players become subject to regulation and supervision, without regulation and supervision, without exceptions and regardless of their country exceptions and regardless of their country of origin; considers that this calls for the of origin; considers that this calls for the creation and approval, by all countries, of creation and approval of a joint list of a list of offshore tax havens and an urgent offshore tax havens and an urgent regulation of hedge funds and credit-rating regulation of hedge funds and credit-rating agencies, in the same vein as recent agencies, in the same vein as recent European rules in the field; calls on all the European rules in the field; calls on all the EU-LAC countries to take any measures EU-LAC countries to take any measures needed to combat tax havens; needed, including sanctions, to combat tax havens;

Or. es

AA\922063EN.doc 3/5 AP101.312v01-00 EN Amendment 4 Laima Liucija Andrikienė, Pablo Arias Echeverría, Jean-Pierre Audy, Pilar Ayuso, Mário David, Philippe De Backer, Agustín Díaz de Mera García Consuegra, Rosa Estaràs Ferragut, Santiago Fisas Ayxela, Luis de Grandes Pascual, Cristina Gutiérrez-Cortines, Małgorzata Handzlik, Esther Herranz García, Carlos José Iturgaiz Angulo, Teresa Jiménez-Becerril Barrio, Veronica Lope Fontagné, Astrid Lulling, Juan Andrés Naranjo Escobar, José Ignacio Salafranca Sánchez-Neyra, Bogusław Sonik, Michèle Striffler, Rafał Trzaskowski

Motion for a resolution Recital P

Motion for a resolution Amendment

P. whereas the EU is Latin America’s P. whereas the EU is Latin America’s second most important trading partner and second most important trading partner and the main trading partner for Mercosur and the main trading partner for Mercosur and Chile; whereas the EU is the main source Chile; whereas the EU is the main source of direct foreign investment (DFI) in Latin of direct foreign investment (DFI) in Latin America; whereas it is of fundamental America; whereas it is of fundamental importance to end the current concentration importance to end the current concentration of EU DFI in a few countries and of EU DFI in a few countries and economic sectors, often only involving economic sectors; and whereas it is acquisitions of existing companies essential to encourage diversification and without creating additional jobs; and redirection of DFI towards productive whereas it is essential to encourage investments in all Latin American and diversification and redirection of DFI Caribbean countries; towards productive investments in all Latin American and Caribbean countries;

Or. es

Amendment 5 Laima Liucija Andrikienė, Jean-Pierre Audy, Pilar Ayuso, Mário David, Philippe De Backer, Agustín Díaz de Mera García Consuegra, Rosa Estaràs Ferragut, Luis de Grandes Pascual, Cristina Gutiérrez-Cortines, Małgorzata Handzlik, Esther Herranz García, Carlos José Iturgaiz Angulo, Teresa Jiménez-Becerril Barrio, Veronica Lope Fontagné, Astrid Lulling, Juan Andrés Naranjo Escobar, José Ignacio Salafranca Sánchez-Neyra, Michèle Striffler, Rafał Trzaskowski

Motion for a resolution Recital S

Motion for a resolution Amendment

S. whereas the G-20 has agreed not to S. whereas the G-20 has agreed not to adopt protectionist measures in order to adopt protectionist measures in order to deal with the crisis at local level, and deal with the crisis at local level, and

AP101.312v01-00 4/5 AA\922063EN.doc EN whereas it is essential to relaunch whereas it is essential to relaunch multilateral negotiations, revitalise the multilateral negotiations, revitalise the trade agreements between the EU and the trade agreements between the EU and the various Latin American regional blocs and various Latin American regional blocs and possibly conclude those which are still possibly conclude those which are still being negotiated if the necessary being negotiated if the necessary conditions are met and the principle of conditions are met and the principle of reciprocity is upheld; whereas these reciprocity is upheld; whereas these agreements should be designed to agreements should be designed to strengthen the link between the parties strengthen the link between the parties involved, create new development involved, create new development opportunities and lead to job creation; opportunities and lead to job creation; whereas the EU-Central America whereas it is to be welcomed that the trade Association Agreement has been signed, pillar of the EU-Central America as has the Trade Agreement between the Association Agreement, and the Trade EU, Colombia and Peru; Agreement between the EU, Colombia and Peru are about to enter into force;

Or. es

AA\922063EN.doc 5/5 AP101.312v01-00 EN