BETA

23 Amendments of Guillaume BALAS related to 2015/0009(COD)

Amendment 19 #
Proposal for a regulation
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 forhave too long been invoked in order to minimise the need to stimulatinge investment. Along with a renewed impetus towards investment financing, these precondition coordination of economic, fiscal, social and budgetary policies can contribute to establishing a virtuous circle, where investment projects help support employment and demand and lead to a sustained increase in growth potential.
2015/03/31
Committee: ENVI
Amendment 24 #
Proposal for a regulation
Recital 4
(4) Throughout the economic and financial crisis, the Union has made efforts to promote growth, in particular throughan interpretation of budgetary policies based on compliance with pro- cyclical rules which lead countries to sacrifice the investment spending needed to boost economic activity and create high-quality, sustainable jobs, by turning their backs on the initiatives set out in the Europe 2020 strategy that put in place an approach for smart, sustainable and inclusive growth. The European Investment Bank ('EIB') has also strengthened its role in instigating and promoting investment within the Union, partly by way of an increase in capital in January 2013. Further action is required to ensure that the investment needs of the Union are addressed and that the liquidity available on the market is used efficiently and channelled towards the funding of viable investment projects.
2015/03/31
Committee: ENVI
Amendment 30 #
Proposal for a regulation
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 preconditionshave for too long been invoked to minimise the need for stimulating investment. Along with a renewed impetus towards investment financing, these precondition coordination of economic, fiscal, social and budgetary policies can contribute to establishing a virtuous circle, where investment projects help support employment and demand and lead to a sustained increase in growth potential.
2015/03/06
Committee: EMPL
Amendment 42 #
Proposal for a regulation
Recital 4
(4) Throughout the economic and financial crisis, the Union has made efforts to promote growth, in particular throughan interpretation of budgetary policies based on compliance with pro- cyclical rules which lead countries to sacrifice the investment spending needed to boost economic activity and create high-quality, sustainable jobs, by turning their backs on the initiatives set out in the Europe 2020 strategy that put in place an approach for smart, sustainable and inclusive growth. The European Investment Bank ('EIB') has also strengthened its role in instigating and promoting investment within the Union, partly by way of an increase in capital in January 2013. Further action is required to ensure that the investment needs of the Union are addressed and that the liquidity available on the market is used efficiently and channelled towards the funding of viable investment projects.
2015/03/06
Committee: EMPL
Amendment 44 #
Proposal for a regulation
Recital 11
(11) The EFSI should support strategic investments with a high economic value addepotential in terms of the creation of sustainable, quality jobs which are not vulnerable to relocation and contributinge to achieving Union policy objectives.
2015/03/31
Committee: ENVI
Amendment 52 #
Proposal for a regulation
Recital 5
(5) On 15 July 2014, the then President- elect of the European Commission presented a set of Political Guidelines for the Ecuropean Commissionrent parliamentary term to the European Parliament. These Political Guidelines called for the mobilisation of "up to EUR 300 billion in additional public and private investment in the real economy over the next three years" to stimulate investment for the purpose of job creation.
2015/03/06
Committee: EMPL
Amendment 73 #
Proposal for a regulation
Recital 10
(10) The purpose of the EFSI should be to help resolve the difficulties in financing and implementing productive investments in the Union and to ensure increased access to financing with the aim of generating growth, quality jobs and social inclusion. It is intended that increased access to financing should be of particular benefit to small and medium enterprises and including social economy and social enterprises. It is also appropriate to extend the benefit of such increased access to financing to mid- cap companies, which are companies having up to 3000 employees. Overcoming Europe's current investment difficulties should contribute to strengthening the Union's economic, social and territorial cohesion.
2015/03/06
Committee: EMPL
Amendment 79 #
Proposal for a regulation
Recital 11
(11) The EFSI should support strategic investments with high economic value addedstrong potential for creating sustainable, high-quality jobs contributing to achieving Union policy objectives.
2015/03/06
Committee: EMPL
Amendment 86 #
Proposal for a regulation
Recital 11
(11) The EFSI should support strategic investments with high economic and social value added and job creation potential contributing to achieving Union policy objectives, especially regarding the employment, education and poverty reduction targets of the Europe 2020 Strategy.
2015/03/06
Committee: EMPL
Amendment 108 #
Proposal for a regulation
Recital 14
(14) The EFSI should target projects delivering high societal and economic value. In particular, the EFSI should target projects that promote quality job creation, long- term growth and, competitiveness and social inclusion. 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.
2015/03/06
Committee: EMPL
Amendment 113 #
Proposal for a regulation
Recital 14 a (new)
(14a) The impact of the EFSI on employment education and poverty reduction should be systematically monitored and further encouraged, especially with the view to achieving prolonged societal gains in the form of sustainable and quality employment, and social inclusion. This should also secure fair distribution of investment returns among investors and workers.
2015/03/06
Committee: EMPL
Amendment 115 #
Proposal for a regulation
Recital 2
(2) Comprehensive action is required to reverse the vicious circle created by a lack of investment. Structural reforms and fiscal responsibilityimed at supporting sustainable growth and high- quality jobs are necessary preconditions for stimulating investment. Along with a renewed impetus towards investment financing, these preconditions can contribute tocoordination of economic, fiscal, social and budgetary policies will establishing a virtuous circle, where investment projects help support employment and demand and lead to a sustained increase in growth potential.
2015/03/19
Committee: BUDGECON
Amendment 129 #
Proposal for a regulation
Recital 4
(4) Throughout the economic and financial crisis, the Union has made efforts to promote growth, in particular throughan interpretation of budgetary policies based on compliance with procyclical rules which lead countries to sacrifice the investment spending needed to boost economic activity and create high-quality, sustainable jobs to the detriment of the initiatives set out in the Europe 2020 strategy that put in place an approach for smart, sustainable and inclusive growth. The European Investment Bank ('EIB') has also strengthened its role in instigating and promoting investment within the Union, partly by way of an increase in capital in January 2013. Further action is required to ensure that the investment needs of the Union are addressed and that the liquidity available on the market is used efficiently and channelled towards the funding of viable investment projects.
2015/03/19
Committee: BUDGECON
Amendment 204 #
Proposal for a regulation
Recital 11
(11) The EFSI should support strategic investments with high economic value added contributing to achieving Union policy objectivesIn compliance with Article 3 TFEU and Article 9 TEU, the EFSI should support strategic investments with strong potential for creating sustainable, high- quality jobs contributing to achieving Union policy objectives, particularly on the environment, energy and the digital economy.
2015/03/19
Committee: BUDGECON
Amendment 206 #
Proposal for a regulation
Article 1 – paragraph 1 – subparagraph 2
The purpose of the EFSI shall be to support public and private investments in the Union and to ensure increased access to financing for companies, social economy enterprises and service providers having up to 3000 employees, with a particular focus on small and medium enterprises, through the supply of risk bearing capacity to the EIB ('EFSI Agreement'). The overall objective of the EFSI shall be to promote and guarantee sustainable, inclusive and long-term growth and quality job creation as well as social inclusion in the Union.
2015/03/06
Committee: EMPL
Amendment 244 #
Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1 a (new)
Steering Board members from the Commission shall include representatives with proven expertise in employment and social policies.
2015/03/06
Committee: EMPL
Amendment 268 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2 a (new)
A specialist in employment and social policies shall be appointed as one of the independent experts in the Investment Committee. This expert shall be responsible for assessing the employment and social impact of submitted projects to ensure that those receiving support from the fund are supporting the social objectives of the EU and benefit society as a whole.
2015/03/06
Committee: EMPL
Amendment 276 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – introductory part
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, contribute to achieving the objectives of Europe 2020 Strategy and support any of the following general objectives:
2015/03/06
Committee: EMPL
Amendment 286 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point b
(b) investment in education and training, health, research and development, information and communications technology and innovation, innovation, social services, social economy and social enterprises;
2015/03/06
Committee: EMPL
Amendment 294 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point e a (new)
(ea) investments in sectors with high job- creation potential, focusing on long-term and sustainable effects, including the social, health and care sectors as well as the social economy.
2015/03/06
Committee: EMPL
Amendment 303 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2 a (new)
To guide the selection of projects that the EFSI can support, the Steering Board shall include concern with employment and social impact in the strategic orientation, in the guidelines on the strategic asset allocation, and in the operating policies and procedures, including the investment policies.
2015/03/06
Committee: EMPL
Amendment 337 #
Proposal for a regulation
Article 10 – paragraph 2 – point f a (new)
(fa) an assessment of the contribution to the Union`s objectives and the Europe 2020 Strategy targets for employment, education and poverty reduction.
2015/03/06
Committee: EMPL
Amendment 874 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2
The Investment Committee shall be composed of sixnine independent experts and the Managing Director. IndependentSix experts shall be recruited on the basis of a high level of relevant market experience in project finance and one experts shall have a high level of relevant market experience in project finbe recruited on the basis of a high level of macroeconomic experience, in order to assess the macroeconomic impact and the breakdown of projects; one expert shall be recruited on the basis of a high level of experience in the social field; one expert shall be recruited on the basis of a high level of experience in the climate chancge and energy fields. The members of the Investment Committee shall be appointed by the Steering Board for a renewable fixed term of three year30 months.
2015/03/25
Committee: BUDGECON