Activities of Brian HAYES related to 2015/2127(INI)
Plenary speeches (5)
European Investment Bank annual report 2014 (A8-0050/2016 - Georgi Pirinski)
European Investment Bank annual report 2014 (debate)
European Investment Bank annual report 2014 (debate)
European Investment Bank annual report 2014 (debate)
European Investment Bank annual report 2014 (debate)
Shadow reports (1)
REPORT on the European Investment Bank (EIB) – Annual Report 2014 PDF (481 KB) DOC (184 KB)
Amendments (13)
Amendment 2 #
Motion for a resolution
Recital B
Recital B
B. whereas all EIB-financed activities must be part of and consistent with the EU Treaties and the EU’s overarching objectives and priority areas, as defined by the Europe 2020 strategy and the Growth and Employment Facility;
Amendment 3 #
Motion for a resolution
Recital E
Recital E
E. whereas since 2008 the functioning ofeconomic crisis the EU has a ‘convergence machine’ has stalled and even gone into reverse, resulting in a serious increase in existing divergences between regions and Member States, as well as the emergence of deepening social and economic inequalities throughout the Union that are hampering economic recovery and further damaging social cohesionfaced serious budget constraints which has made it clear that the EIB has an essential role in contributing to the balanced and steady development of the internal market;
Amendment 4 #
Motion for a resolution
Recital G
Recital G
G. whereas under the present circumstances a qualitatively new degree of urgency now characterises the central role of the EIB for the effective implementation of the Investment Plan for Europe and for the efficient operation of the European Fund for Strategic Investments (EFSI), as the principal vehicle for boosting growth and, delivering decent jobs and overcoming the deepening social and territorial divisions within the Union;
Amendment 8 #
Motion for a resolution
Recital K
Recital K
K. whereas the scale and complexity of the tasks facing the EIB at present call for a renewed commitment to strictly avoiding the funding of projects that violate the basic standards of sound financial management and provoke public controversy, thus damaging the EIB’s credibility as a Triple AAA public financial institution of unimpeachable reputation;
Amendment 9 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the EIB’s Annual Reports for 2014 and its achievements presented in them, and strongly encourages the EIB to redoublecontinue in its efforts to materially contribute to curbing the current atonic economic environment andincrease the low level of investment shortfallin the EU;
Amendment 11 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes, in particular, the fact that in 2014 the EIB signed contracts for 413 projects within the EU worth EUR 69 billion and 92 new projects outside the EU for a total of EUR 7.98 billion; also welcomes the fact that in the same year the EIF committed EUR 3.3 billion through its equity and guarantee activities for the benefit of smaller businesses, thus registering the successful implementation of one of the EIB’s most ambitious business plans, with a total of EUR 80.3 billion in EIB Group financing; welcomes the fact that the volume of loans granted by the EIB is at its highest level since 2009; endorses the EUR 10 billion increase in the EIB’s capital agreed by all the Member States in 2012;
Amendment 13 #
Motion for a resolution
Paragraph 3
Paragraph 3
Amendment 15 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Calls on the EIB to provide increased technical support at pre-approval stage for Member States that have a lower success rate for project approval and encourages the EIB to facilitate exchanges of best practice between Member States in relation to successful project development;
Amendment 19 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Emphasises that project funding approval should be based on adequate financial and risk analysis, financial viability and sound budgetary management; considers that projects approved for EIB funding should offer a clear added-value to the European economy;
Amendment 26 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Notes that SMEs in many parts of Europe face extreme difficulties accessing necessary finance; in this sense, welcomes the greater emphasis the EIB is placing on supporting SMEs; emphasises the importance of the EIB in facilitating partnerships for funding SME activity; furthermore, calls on the EIB to cooperate more closely with regional public institutions with a view to optimising the financing possibilities for SMEs;
Amendment 36 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Stresses that investment in sustainable infrastructure projects is key to improving competitiveness and restoring growth and jobs in Europe; calls, therefore, for EIB financing to be deployed towards the areas most affected by high unemployment, and for more social infrastructure projects; emphasises that EIB financing should focus primarily on those countries which are lagging behind in terms of infrastructure quality and developmenthowever, keeping in mind the principle of sound financial management and viability of projects;
Amendment 66 #
Motion for a resolution
Paragraph 48 a (new)
Paragraph 48 a (new)
48a. Considers that EIB Annual Reports should devote a greater focus to the outcomes of projects completed; in this context, calls on the EIB, in conjunction with project partners, to produce a set of results from each project completed which assesses the effectiveness of EIB funding;
Amendment 69 #
Motion for a resolution
Paragraph 51
Paragraph 51
51. Encourages the efforts being made by the parties involved to draw up an Interinstitutional Agreement between the European Parliament and the EIB, providing for enhanced cooperation between the two institutions and; furthermore calls for regular structured dialogue between the Prelevant committees of Parliament and EIB bodies with a view to reaching a final agreement in due coursesident of the EIB and the European Parliament to ensure increased parliamentary oversight of the EIB’s activities; furthermore, as part of this Interinstitutional Agreement; calls on the EIB to agree to sign an agreement with the Parliament to allow Members of Parliament to ask direct questions to its President with an agreed timeline for response, as already happens with the ECB President;