12 Amendments of Martina ANDERSON related to 2015/0009(COD)
Amendment 20 #
Proposal for a regulation
Recital 1
Recital 1
(1) The economic and financial crisis has led to a lowering of the level of investments within the Union and to a reversing of a long trend of converging GDP and unemployment rates within the Union. Investment has fallen by approximately 15% since its peak in 2007. The Union suffers in particular from a lack of investment as a consequence of market uncertainty regarding the economic future and the fiscal constraints on Member States. This lack of investment and fiscal constraints slows economic recovery and negatively affects job creation, long-term growth prospects and competitiveness.
Amendment 23 #
Proposal for a regulation
Recital 2
Recital 2
(2) Comprehensive action is required to reverse the vicious circle created by a lack of investment. Structural reforms and fiscal responsibility are necessary preconditions for stimulating investment. Along with aA renewed impetus towards investment financing, these preconditions can contribute to establishing a virtuous circle, where investment projects help support employment and demand and lead to a sustained increase in growth potential.
Amendment 38 #
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments with high social, environmental, territorial and economic value added contributing to achieving Union policy objectives, in particular the Union's economic, social and territorial cohesion. A particular attention shall be paid to outermost regions, urban and rural areas facing particular difficulties, areas affected by industrial transition, high unemployment rates, and regions which suffer from severe and permanent natural or demographic handicaps such as the northernmost regions with very low population density and island, cross-border and mountain regions.
Amendment 43 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11 a) The implementation of the EFSI and the decisions of investment made by the Investment Committee and the Steering Board shall not weaken the cohesion policy and the convergence of the GDP and of employment rates within the EU. Strategic investments shall fully respect the principles defined in the Common Provisions Regulation (CPR) and shall not be concentrated in the richest regions or in the regions already attractive for private and foreign investments.
Amendment 81 #
Proposal for a regulation
Recital 34
Recital 34
(34) To ensure accountability to European citizens, the EIB should regularly report to the European Parliament and the Council, the Council, the Committee of the Regions and the European Economic and Social Committee on the progress and impact of the EFSI.
Amendment 92 #
Proposal for a regulation
Article 1 – paragraph 2 a (new)
Article 1 – paragraph 2 a (new)
2 a. Projects covering Overseas Countries and Territories (OCTs) are eligible to EFSI.
Amendment 114 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2
Article 3 – paragraph 5 – subparagraph 2
The Investment Committee shall be composed of six independent experts and the Managing Director. Independent experts shall have a high level of relevant market experience in project finance and of public investment experience. They shall be appointed by the Steering Board for a renewable fixed term of three years.
Amendment 120 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1
Article 5 – paragraph 2 – subparagraph 1
2. The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 3(5) or funding to the EIF in order to conduct EIB financing and investment operations in accordance with Article 7(2). The operations concerned shall be consistent with Union policies, with Articles 174 and 309 TFEU and support any of the following general objectives:
Amendment 122 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a
Article 5 – paragraph 2 – subparagraph 1 – point a
(a) development of infrastructure, including in the areas of transport, particularly in industrial centres and in remote regions; public interest investments; energy, in particular energy interconnections and renewable energy; and digital infrastructure;
Amendment 125 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point b
Article 5 – paragraph 2 – subparagraph 1 – point b
(b) investment in education and trainingprioritising public-led investments in education and training, social inclusion, fight against poverty, health, research and development, information and communications technology and innovation; , cultural industry, innovation, and maritime economy;
Amendment 140 #
Proposal for a regulation
Article 5 – paragraph 4
Article 5 – paragraph 4
4. Provided that all relevant eligibility criteria are fulfilled and that the principle of additionality of EFSI is guaranteed while prioritising public interest, Member States may use European Structural and Investment Funds to contribute to the financing of eligible projects in which the EIB is investing with the support of the EU guarantee.
Amendment 158 #
Proposal for a regulation
Article 10 – paragraph 2 – point a
Article 10 – paragraph 2 – point a
(a) an assessment of EIB financing and investment operations at operation, sector, country and regional levels and their compliance with this Regulation and with Articles 175 and 309 TFEU, together with an assessment of the allocation of EIB financing and investment operations between the objectives in Article 5(2);