prolonged user of IMF resources

59. Recalls the criticism formulated by the Court of Auditors in its Annual Report for 2012 as regards the lack of effectiveness of the Commission's verification of GNI data (see Annual Report for 2012, point 2.41); stresses that the prolonged use of general reservations and the excessive duration of the verification cycle of GNI data used for own resources can lead to budgetary uncertainty, as has been highlighted by the discussions between the Member States about the draft amending budget No 6 to the general budget 2014 ;

57. Recalls the criticism formulated by the Court of Auditors in its Annual Report for 2012 as regards the lack of effectiveness of the Commission's verification of GNI data (see Annual Report for 2012, point 2.41); stresses that the prolonged use of general reservations and the excessive duration of the verification cycle of GNI data used for own resources can lead to budgetary uncertainty, as has been highlighted by the discussions between the Member States about the draft amending budget No 6 to the general budget 2014;

D. whereas the EU needs to continue to improve its economic and social policies with the aim of reaching the Europa 2020 targets as soon as possible, while overcoming the risks of secular stagnation and deflation, and whereas for this to happen it is necessary to continue efforts to promote investments and structural reforms that increase economic competitiveness in a socially responsible way; whereas an ecological transformation is needed to ensure a shift towards a resource-efficient economy and sustainable development; whereas, worryingly, the EU’s standing in the world economy is declining as a result of the crisis, the loss of it ...[+++]s industrial base and the lack of trust of investors and entrepreneurs, while other countries are showing solid signs of recovery; whereas in October 2014 the IMF estimated that the probability of a recession in the eurozone had increased and would reach 35-40 % at year’s end;

D. whereas the EU needs to continue to improve its economic and social policies with the aim of reaching the Europa 2020 targets as soon as possible, while overcoming the risks of secular stagnation and deflation, and whereas for this to happen it is necessary to continue efforts to promote investments and structural reforms that increase economic competitiveness in a socially responsible way; whereas an ecological transformation is needed to ensure a shift towards a resource-efficient economy and sustainable development; whereas, worryingly, the EU’s standing in the world economy is declining as a result of the crisis, the loss of it ...[+++]s industrial base and the lack of trust of investors and entrepreneurs, while other countries are showing solid signs of recovery; whereas in October 2014 the IMF estimated that the probability of a recession in the eurozone had increased and would reach 35-40 % at year’s end;