Activities of Norbert ERDŐS related to 2015/0009(COD)
Plenary speeches (2)
European Fund for Strategic Investments (debate) HU
European Fund for Strategic Investments (A8-0139/2015 - José Manuel Fernandes, Udo Bullmann) HU
Amendments (7)
Amendment 41 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) Independently of the EFSI, it is necessary to stress that the Union’s cohesion and agriculture policies are primarily based on subsidies. It is in the European Union’s interest that the current Cohesion Policy and the Common Agricultural Policy should remain in existence in future, and should not be superseded – even partially – by a kind of EU system of instruments to stimulate investment. Such an instrument may only supplement the system which currently exists for Cohesion Policy and the CAP.
Amendment 42 #
Proposal for a regulation
Recital 12
Recital 12
(12) Many small and medium enterprises, as well as mid-cap companies, across the Union require assistance to attract market financing, especially as regards investments that carry a greater degree of risk. This is particularly true of micro enterprises and SMEs in rural areas, where economic growth and job creation are urgently needed in order to halt rural depopulation immediately. The EFSI should help these businesses to overcome capital shortages by allowing the EIB and the European Investment Fund ('EIF') to provide direct and indirect equity injections, as well as to provide guarantees for high-quality securitisation of loans, and other products that are granted in pursuit of the aims of the EFSI.
Amendment 52 #
Proposal for a regulation
Recital 14
Recital 14
(14) The EFSI should target projects delivering high societal and economic value. In particular, the EFSI should target projects that promote job creation, long- term growth and competitiveness, especially (digital and transport) measures. Broadband internet and IT tools required for employment should be provided in every region of the European Union at the lowest possible price for farmers and for rural development experts. The EFSI should support a wide range of financial products, including equity, debt or guarantees, to best accommodate the needs of the individual project. This wide range of products should allow the EFSI to adapt to market needs whilst encouraging private investment in the projects. The EFSI should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money. The requirement for consistency with State aid principles should contribute to such effective and strategic use.
Amendment 73 #
Proposal for a regulation
Recital 21
Recital 21
(21) Provided that all relevant eligibility criteria are fulfilled, Member States may use European Structural Investment Funds to contribute to the financing of eligible projects that are supported by the EU guarantee. It is also necessary to build fully on the CAP policy instruments which have already generated particular added value in many parts of the European Union. The EFSI must be fully aligned with the innovative financial instruments used in farm policy. The flexibility of this approach should maximise the potential to attract investors to the areas of investment targeted by the EFSI.
Amendment 84 #
Proposal for a regulation
Recital 29 a (new)
Recital 29 a (new)
(29a) Precision agriculture presents enormous opportunities for sustainable growth of agricultural productivity. Farm machinery and equipment operating with the aid of GPS positioning and developed IT tools will make it possible to achieve average productivity far greater than at present, so that smaller quantities of plant protection products and manure will be worked into soil, crops will receive the optimum quantity of each substance in the optimum place and livestock farming too will be carried out under better conditions and more efficiently. In view of this, the EFSI should provide substantial support to R&D in precision farming, as well as to planned investments.
Amendment 89 #
Proposal for a regulation
Article 1 – paragraph 1 – subparagraph 2
Article 1 – paragraph 1 – subparagraph 2
The purpose of the EFSI shall be to support investments in the Union and to ensure increased access to financing for companies having up to 3000 employees, with a particular focus on micro, small and medium enterprises, through the supply of risk bearing capacity to the EIB ('EFSI Agreement').
Amendment 101 #
Proposal for a regulation
Article 1 – paragraph 2 a (new)
Article 1 – paragraph 2 a (new)
(2a) The European Investment Bank shall provide the bank guarantee for investments by those Member States which do not belong to the euro area at the fixed euro exchange rate laid down in the annex to this regulation. It is necessary to ensure that these Member States’ projects are not either entirely prevented from receiving support or only able to obtain it with greater difficulty because of exchange rate risks.