RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 19 June 2020 amending Delegated Regulation (EU) No 877/2013 supplementing Regulation (EU) No 473/2013 of the European Parliament and of the Council on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area

B9‑0208/2020

Draft European Parliament decision to raise no objections to the Commission delegated regulation of 19 June 2020 amending Delegated Regulation (EU) No 877/2013 supplementing Regulation (EU) No 473/2013 of the European Parliament and of the Council on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area

(C(2020)04140 – 2020/2695(DEA))

The European Parliament,

– having regard to the Commission delegated regulation (C(2020)04140),

– having regard to the Commission’s letter of 22 June 2020 asking Parliament to declare that it will raise no objections to the delegated regulation,

– having regard to the letter from the Committee on Economic and Monetary Affairs to the Chair of the Conference of Committee Chairs of 3 July 2020,

– having regard to Article 290 of the Treaty on the Functioning of the European Union,

– having regard to Regulation (EU) No 473/2013 of the European Parliament and of the Council of 21 May 2013 on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area[1], and in particular Article 10(3) and Article 14(5) thereof,

– having regard to Rule 111(6) of its Rules of Procedure,

– having regard to the recommendation for a decision of the Committee on Economic and Monetary Affairs,

A. whereas in the Eurogroup meeting of 9 April 2020, the Ministers of Finance of the euro area Member States proposed to establish the Pandemic Crisis Support, based on the Enhanced Conditions Credit Line of the European Stability Mechanism, in response to the COVID-19 pandemic;

B. whereas the Eurogroup report states that the only requirement to access the Pandemic Crisis Support will be that euro area Member States requesting support would commit to use this credit line to support domestic financing of direct and indirect healthcare, cure and prevention related costs due to the COVID-19 crisis;

C. whereas in a joint letter dated 7 May 2020, Executive Vice-president Dombrovskis and Commissioner Gentiloni announced the intention to amend Commission Delegated Regulation No 877/2013 of 27 June 2013 supplementing Regulation (EU) No 473/2013 of the European Parliament and of the Council on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area to further specify the reporting requirements applying to Member States drawing on the Pandemic Crisis Support;

D. whereas the delegated act amends the reporting requirements and specifies that the reporting in the current situation only concerns the use of the Pandemic Crisis Support funds to cover the direct and indirect healthcare, cure and prevention related costs resulting from the COVID-19 crisis, given the very specific and limited scope of the Pandemic Crisis Support, and the new Annex II sets out the related reporting template;

E. whereas this delegated act should enter into force as soon as possible in order to streamline the reporting requirements applying to Member States drawing on the Pandemic Crisis Support;

1. Declares that it has no objections to the delegated regulation;

2. Instructs its President to forward this decision to the Council and the Commission.