Activities of Marco VALLI related to 2016/2032(INI)
Plenary speeches (1)
Access to finance for SMEs and increasing the diversity of SME funding in a Capital Markets Union (A8-0222/2016 - Othmar Karas) IT
Amendments (14)
Amendment 5 #
Draft opinion
Paragraph 1
Paragraph 1
1. Stresses that the EU budget should further facilitate SME access to funding and markets, but does not believe that the Capital Markets Union is the right tool for meeting this requirement;
Amendment 13 #
Draft opinion
Paragraph 3
Paragraph 3
3. WelcomTakes the fact that EUR 75 billion have been earmarked toview that support for SMEs under the EFSI; will closely monitor the leverage created by its financing and its geographic distribution; notes the success of the SME window and calls for full use to be made of the flexibility clause provided in the regulation to increase this envel is totally inadequate and is of no help to the recovery of the real economy in Europe;
Amendment 16 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas most European SMEs operate mainly at national level; whereas relatively few SMEs are involved in cross- border operations within the EU, while those which export outside the Union constitute a tiny minority;
Amendment 18 #
Draft opinion
Paragraph 4
Paragraph 4
4. WelcomNotes the further opening of ESIFs to SMEs and the design of new dedicated schemes; supports the shift from grants to the provision of guarantees through financial instruments with higher leverage and less distortive effects on competition; recalls the importance of structural funding for attracting further private investment to benefit SMEs in poorer regions; considers it vital to have greater and better coordination with the activities of the European Investment Bank (EIB);
Amendment 22 #
Draft opinion
Paragraph 5
Paragraph 5
5. Believes that the rules governing SME access to these instruments should be further simplified and made m, even where there is adequate financial literacy, SME access to these instruments cannot meet the need fore flexible; calls on the Member States and the Commission to spare no effort to that end; calls also on the Member States, regional authorities and local business organisations to use available EU funding tools to increase the financial literacy of SMEinance, and that, therefore, the traditional channel of bank financing should be developed and improved, given that it is more closely linked to local business circumstances.
Amendment 27 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
Bb. whereas the measures taken in response to the crisis have not been sufficient to restore growth and development, but on the contrary have caused a collapse of demand, which at present is the main obstacle facing European SMEs;
Amendment 113 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Highlights that a healthy, stable and resilient banking sector is a prerequisite for strengthening SMEs’ access to finance; points out that the CRR and CRD IV are a directpartial and inadequate response to the crisis and form the core of the renewed stability of the financial sectorthat, so far, the financial sector has not yet regained the necessary stability;
Amendment 136 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Stresses that the increase in operations by the European financial institutions – the European Investment Bank (EIB) and European Investment Fund – (EIF) in support of SMEs has not been particularly effective;
Amendment 159 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Calls on the Member States to foster a risk-taking and capital market culture; reiterates that financial education for SMEs is key to increasing the use and acceptance ofReiterates that, despite an increase in financial education for SMEs, the capital market solutioremains, allowing for a better assessment of costs, benefits and the associated risks; calls on the Member States to enhancen instrument which is poorly tailored to their structure and their financial literacy of SMEng needs;
Amendment 171 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Calls on Member States and the ECB to increase access to banks for SMEs, banks being best suited to the structure of such undertakings; deplores, however, the fact that the move towards consolidation of the banking industry directly damages SMEs, because it depersonalises the relationship between the bank providing credit and the undertaking seeking it;
Amendment 172 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Points out that the ongoing development of the CMU must be accompanied by recurring eff, regrettably, the ongoing project to develop the CMU is based on the development of financial instruments which have failed to finance the real economy and which increase systemic risk; deplortes to evaluhe fact thate the existingre is no structural debate concerning the financial regulatory framework in the EU, in particular wifor SMEs and the regard to its effects on SMEsal economy;
Amendment 178 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Stresses that the Juncker Plan and EFSI are failing in their aim of supporting the operations of SMEs;
Amendment 187 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Deplores the fact that the structure of EMU has resulted in the destruction of huge amounts of industrial production in peripheral countries, to the detriment, in particular, of SMEs;
Amendment 218 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. WelcomesConsiders that the Commission’s proposals for a framework for simple, transparent and standardised (STS) securitisation and the calibration of the prudential requirements for banks; notes the possible effects of SME securitisation for bank lending to SMEs have no direct and real effect on SMEs, which regard lack of demand as their Number One problem; draws attention to the enormous risks inherent in securitisation for the stability of the financial system;