10 Amendments of Sergio GUTIÉRREZ PRIETO related to 2013/2175(INI)
Amendment 3 #
Draft opinion
Recital B a (new)
Recital B a (new)
Ba. whereas due to the financial crisis, and the credit crunch that arose as a consequence, SME's are facing the highest cost of credit and a contraction of its availability thereby threatening their employment potential. Whereas according to the Institute of International Finance smaller businesses in the peripheral countries are paying between 4 and 6 percentage points more for bank lending than their counterparts in central Europe reflecting the need for a common European investment strategy to avoid growing divergences in growth and job creation among countries;
Amendment 5 #
Draft opinion
Recital B b (new)
Recital B b (new)
Bb. whereas corporate bond, equity and securitisation markets in Europe remain relatively underdeveloped compared to other economies, and non-bank financing remains largely inaccessible to SMEs, undermining their potential to grow and create jobs;
Amendment 11 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Welcomes the Commission's green paper on Long-term Financing to encourage cross-border long-term investment in both tangible assets (such as energy, transport and communication infrastructures) and intangible assets (such as education, research and development), which have wide public benefits, improve living standards and create quality employment;
Amendment 20 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Raises the importance of the indirect positive impact that ELTIFs can have in financing social housing projects or associations responsible of managing social housing properties because of their stable and long-term investment horizon;
Amendment 23 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Supports long-term financial planning, facilitated by policies based on anticipation and socially responsible and healthy investments. Asks Member States with a view to sustainable employment growth, to support the channelling of savings into long-term investments through sound fiscal policies, efficient tax systems and policies that foster the attractiveness of the economy for attracting long-term investment, including from abroad;
Amendment 25 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Asks Member States to support economic and employment growth by promoting long-term savings through savings mobilisation policies;
Amendment 27 #
Draft opinion
Paragraph 5 d (new)
Paragraph 5 d (new)
5d. Supports the introduction of additional policies when the social return to a long-term investment is higher than the private return for investors and therefore investment levels are below the social optimum;
Amendment 28 #
Draft opinion
Paragraph 5 e (new)
Paragraph 5 e (new)
5e. Asks the Commission to address the unmet retail investor demand for investments into long-term assets which would pool additional substantial capital for long-term investments and would unlock additional employment potential. Additional protection for retail investors should be provided, tailored financial education and awareness strategies should be put in place to inform potential and actual users of long-term investment vehicles about the benefits of long-term saving and investing, as well as any potential risks and costs;
Amendment 29 #
Draft opinion
Paragraph 5 f (new)
Paragraph 5 f (new)
5f. Underlines the need for better financial regulation and supervision in order to protect workers, taxpayers and the real economy against future market failures;
Amendment 30 #
Draft opinion
Paragraph 5 g (new)
Paragraph 5 g (new)
5g. Stresses that the long-term financing of the European economy and its potential for job creation will only work if the ELTIF framework will take adequately into account the different needs of professional, semi-professional and retail investors.