17 Amendments of Pavel TELIČKA related to 2016/0276(COD)
Amendment 33 #
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) The strict implementation of the Stability and Growth Pact needs to be respected as it affects in no way the ability to utilise EFSI.
Amendment 40 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) In its EFSI-supported special activities the EIB makes systematic use of participation in risk-sharing instruments with its co-investors. The EIB is therefore called upon, as part of those activities, to intervene by providing first loss guarantees, where necessary and relevant, in order to optimise the additionality of the EFSI facility and mobilise more private funds.
Amendment 45 #
Proposal for a regulation
Recital 4
Recital 4
(4) The EFSI, implemented and co- sponsored by the EIB Group, is firmly on track to deliver the objective of mobilising at least EUR 315 billion in additional investments in the real economy by mid- 2018. TheIt is already clear, however, that market absorption has been particularly quicker under the SME Window, where the EFSI is delivering well beyond expectations, than under the Infrastructure and Innovation Window because of the different nature of such projects. In July 2016 the SME Window was thus scaled-up by EUR 500 million within the existing parameters of Regulation (EU) No 2015/1017. A larger share of financing to be geared towards SMEs given the exceptional market demand for SME financing under the EFSI: 40% of the increased risk bearing capacity of the EFSI should be geared towards increasing access to financing for SMEs.
Amendment 47 #
Proposal for a regulation
Recital 5
Recital 5
(5) On 28 June 2016, the European Council concluded that “The Investment Plan for Europe, in particular the European Fund for Strategic Investments (EFSI), has already delivered concrete results and is a major step to help mobilise private investment while making smart use of scarce budgetary resources. The Commission intends to soon put forward proposals on the future of the EFSI, which should be examined as a matter of urgency by the European Parliament and the Council.” Furthermore, taking into consideration the remaining low-risk appetite of investors, the Commission should undertake others ambitious initiatives to help mobilise private investment and proceed with the introduction of the necessary regulatory transformations in order to allow financial institutions to take more infrastructure projects into their portfolios, including further financing of SMEs, while making smart use of scarce budgetary resources.
Amendment 47 #
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) In order to improve the performance of the EFSI at both national and regional level, there is a need to step up cooperation between the EIB, which steers the EFSI, and the national promotional banks.
Amendment 55 #
Proposal for a regulation
Recital 8
Recital 8
(8) The extended EFSI should address remaining market failures and sub-optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future job creation – including for the youth –, growth and competitiveness with strengthened additionality. They include investments in the areas of energy, environment and climate action, social and human capital and related infrastructure, healthcare, research and innovation, cross- border and sustainable transport, as well as the digital transformation. In particular, the contribution of operations supported by the EFSI to achieving the Union’s ambitious targets set at the Paris Climate Conference (COP21) should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. Similarly, in the digital sector, a priority to develop new infrastructure should be given in order to ensure that the Union will be a global pioneer in the digital economy. Moreover, a criterion for the success of the EFSI could be the assistance provided to policy areas that suffered from cuts in investments in order to fund the EFSI, such as research grants, especially for low technology readiness levels. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture come within the general objectives eligible for EFSI support.
Amendment 62 #
Proposal for a regulation
Recital 8
Recital 8
(8) The extended EFSI should address remaining market failures and sub-optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future job creation – including for the youth –, growth and competitiveness with strengthened additionality. They include investments in the areas of energy, including alternative energy sources (for vehicles), environment and climate action, social and human capital and related infrastructure, healthcare, research and innovation, cross- border and sustainable transport, as well as the digital transformation. In particular, the contribution of operations supported by the EFSI to achieving the Union’s ambitious targets set at the Paris Climate Conference (COP21) should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture come within the general objectives eligible for EFSI support.
Amendment 64 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) It should be noted that in its EFSI- supported special activities the EIB makes systematic use of participation in risk- sharing instruments with its co-investors. The EIB should therefore intervene - as a matter of course where blending is concerned and where necessary in other cases - by providing first loss guarantees for the activities concerned in order to optimise the additionality of the EFSI facility and mobilise more private funds.
Amendment 65 #
Proposal for a regulation
Recital 8 b (new)
Recital 8 b (new)
(8b) It should be borne in mind that the leading global powers have all created military-industrial complexes in order to stay ahead of the competition in technological and scientific terms. It is therefore imperative that the EU do the same by allocating large sums - in particular through the EFSI - to the creation of a European defence industry which, as a result of its research and development work, will have a significant civil and economic impact.
Amendment 71 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) 2015/1017
Article 5 – paragraph 1 – subparagraph 5
Article 5 – paragraph 1 – subparagraph 5
Amendment 75 #
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) In order to improve the performance of the EFSI at both national and regional level, there is a need to step up cooperation between the EIB, which steers the EFSI, and the national promotional banks.
Amendment 76 #
Proposal for a regulation
Recital 10 b (new)
Recital 10 b (new)
(10b) It should be noted that the rules in force on flexibility and the implementation of the stability and growth pact1a restrict the Member States’ capabilities – under the preventive, and particularly the corrective, arm of the pact – to co-finance projects that are also co- financed by the EFSI. There needs to be a general interinstitutional debate on whether or not to change the way in which those indirect national contributions are treated in the Commission’s application of the pact. __________________ 1a COM(2015)12 final
Amendment 105 #
Proposal for a regulation
Annex – point 1 – point a
Annex – point 1 – point a
Regulation (EU) 2015/1017
Annex II – section 2 – point b – subparagraph 1 a
Annex II – section 2 – point b – subparagraph 1 a
'EFSI support to motorways shall be avoided, unlessmay be considered if it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country or if it is necessary to upgrade and maintain, improve road safety, develop ITS, improve the impact of road transport on the environment or guarantee the standard and integrity of existing motorways on the trans- European transport network.;'
Amendment 122 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) 2015/1017
Article 5 – paragraph 1 – subparagraph 3 a (new)
Article 5 – paragraph 1 – subparagraph 3 a (new)
The EIB shall intervene - as a matter of course where blending is concerned and where necessary and relevant in other cases - by providing first loss guarantees for the special activities referred to in the first subparagraph in order to optimise the additionality of the EFSI facility and mobilise more private funds.
Amendment 135 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point a – point ii a (new)
Article 1 – paragraph 1 – point 4 – point a – point ii a (new)
Regulation (EU) 2015/1017
Article 7 – paragraph 8 – point l a (new)
Article 7 – paragraph 8 – point l a (new)
(iia) the following point is added: ‘(la) defence’.
Amendment 144 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a a (new)
Article 1 – paragraph 1 – point 5 – point a a (new)
Regulation (EU) 2015/1017
Article 9 – paragraph 2 – point i a (new)
Article 9 – paragraph 2 – point i a (new)
(aa) in paragraph 2, the following point is added: ‘(ia) support for EU initiatives in the defence sector, in particular via: (i) research and development at EU level; (ii) the development of the EU’s defence capabilities; (iii) SMEs and mid-caps in the field of defence.
Amendment 158 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point d a (new)
Article 1 – paragraph 1 – point 5 – point d a (new)
Regulation (EU) 2015/1017
Article 9 – paragraph 7 – subparagraph 1 a (new)
Article 9 – paragraph 7 – subparagraph 1 a (new)
(da) in paragraph 7, the following subparagraph is added: Notes that the rules in force on flexibility and the implementation of the stability and growth pact1a restrict the Member States’ capabilities – under the preventive, and particularly the corrective, arm of the pact – to co-finance projects that are also co-financed by the EFSI. Calls for a general interinstitutional debate on whether or not to change the way in which those indirect national contributions are treated in the Commission’s application of the pact. __________________ 1a COM(2015)12 final