European Central Bank – annual report 2025

3.2.2026 A10-0002/1

Amendment 1

Jussi Saramo

on behalf of The Left Group

Report A10-0002/2026

Johan Van Overtveldt

European Central Bank – annual report 2025

(2025/2182(INI))

Motion for a resolution

Paragraph 8

Motion for a resolution

Amendment

8. Expresses concern at the high levels of inflation in the years following the COVID-19 pandemic, instigated by supply shocks; notes that a timely return to price stability in this period would have been warranted through ECB decisions; invites the ECB to thoroughly assess the causes of these high levels of inflation in its annual report, along with a set of policy recommendations to draw the right conclusions from any future inflationary crises;

8. Expresses concern at the high levels of inflation in the years following the COVID-19 pandemic, instigated by supply shocks; recognises that this inflation has resulted largely from the sudden increase in fossil energy prices following the Russian invasion of Ukraine;

Or. en

3.2.2026 A10-0002/2

Amendment 2

Jussi Saramo, Manon Aubry

on behalf of The Left Group

Report A10-0002/2026

Johan Van Overtveldt

European Central Bank – annual report 2025

(2025/2182(INI))

Motion for a resolution

Paragraph 9 a (new)

Motion for a resolution

Amendment

9a. Expresses concern over the high cost of living, as food and energy prices have increased in Europe since the COVID-19 pandemic; notes that, on average, the price of a meal in the euro area in 2025 was one third higher than before the pandemic1a, and that this has particularly affected low-income households.

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1a European Central Bank blog, ‘When groceries bite, the role of food prices for inflation in the euro area’, 25 September 2025.

Or. en

3.2.2026 A10-0002/3

Amendment 3

Jussi Saramo

on behalf of The Left Group

Report A10-0002/2026

Johan Van Overtveldt

European Central Bank – annual report 2025

(2025/2182(INI))

Motion for a resolution

Paragraph 9 b (new)

Motion for a resolution

Amendment

9b. Notes that national inflation rates can vary significantly within the euro area, with some countries suffering from deflationary rather than inflationary pressures, which can further harm the economy;

Or. en

3.2.2026 A10-0002/4

Amendment 4

Jussi Saramo, Manon Aubry

on behalf of The Left Group

Report A10-0002/2026

Johan Van Overtveldt

European Central Bank – annual report 2025

(2025/2182(INI))

Motion for a resolution

Paragraph 27

Motion for a resolution

Amendment

27. Supports the ECB in its efforts to accommodate the international role of the euro through, inter alia, sufficient currency swap and repo lines;

27. Calls on the ECB to reduce the EU’s financial dependence on US assets by strengthening the international role of the euro; calls on the ECB to be prepared for a possible ‘sell America’ scenario, in which public and private institutions would sell off US assets on a large scale in the context of increasing US aggression;

Or. en