6 Amendments of Phil BENNION related to 2013/2175(INI)
Amendment 1 #
Draft opinion
Recital A
Recital A
A. whereas there is a general tendency in financial markets towards short-term behaviour as well as an accentuation of risk aversion due to the financial crisis; whereas shortlong-term financing in its current forms, inter alia through bank credits or investment funds, is not ans a more appropriate means of responding to the social, environmental and demographic challenges which Europe is facing;
Amendment 2 #
Draft opinion
Recital B
Recital B
B. whereas taking a long-term perspective andby, for example, investing in asset classes which require longer-term commitments from investors can have benefits for investors and for the economy more widely, increase the stability of financial markets, reduce costs for individual undertakings, notably the cost of access to finance, create employment opportunities and combine a steady rate of return for investors with a positive social impact;
Amendment 8 #
Draft opinion
Paragraph 1
Paragraph 1
1. Emphasises that the long-term financing of the European economy should also serve the public interest and be guided, among other things, by objectives that promote social cohesion, social justice and equal treatment, rather than focus solely on economic and financial parameters; highlights, in this connection, the fact that; highlights that these objectives constitute the potential added value of long-term financing for the public interest cannot merely be measured in economic terms;
Amendment 15 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses the need to ensure that long- term financing benefits not only investors and shareholders, but also workers, undertakings and consumers; Notes in this regard, the possible benefits of financial participation of employees in companies' proceeds and other forms of innovative long-term financing;
Amendment 18 #
Draft opinion
Paragraph 3
Paragraph 3
3. Warmly welcomes the focus on productive capital as opposedin addition to financial capital; asks the Commission to encourage long-term investment in those areas that are capable of generating the greatest positive social externalities and of helping to achieve the goals of the Europe 2020 strategy, but are not receiving an appropriate level of financing, such as SMEs and infrastructure investment, and to exclude unproductive areas, such as real estate, except for social housing, in order to prevent new unproductive bubbles from emerging;
Amendment 21 #
Draft opinion
Paragraph 4
Paragraph 4
4. Asks for SMEs to be given priority access to LTI funds since they constitute the backbone of growth and job creation in the EU; considers that this access should be accompanied by a simplification of the application procedures; highlights the importance of ensuring easier access to financing during the whole lifecycle of a company in order to create and maintain sustainable quality jobs;