2018/2100(INI)

Luigi MORGANO

8. Highlights that sovereign debt is not risk-free; takes note of the on-going work of the Basel Committee on Banking Supervision (BCBS) on sovereign risk; is concerned by the fact that some financial institutions are heavily invested in their own sovereign debt; calls on the Commission to assess whether to introduce risk weightingWarns against taking unilateral measures to address what is known as ‘home bias’ towards sovereign debt, as these could lead to financial instability in the euro area and create an unlevel playing field with respect to other jurisdictions; notes that the Basel Committee on Banking Supervision (BCBS) has practically halted its work on the prudential treatment of sovereign risk since the publication of its study in 20171 a, as it was unable to find any consensus on the issue; is concerned by the fact that the Union does not yet have a real, safe, pan-European sovereign bond; _________________ 1a 'Discussion paper - The regulatory treatment onf sovereign ~~bonds or exposure limits in the EU;~~exposures', Basel Committee on Banking Supervision, Bank for International Settlements, December 2017.

2018/10/25
Committee: ECON

2018/2100(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 12

12. Urges all negotiators to work towards the adoption of the legislative package to reduce risk in the banking system before the European elections in 2019; urges the Council, in particular, to negotiate in good faith, taking due account of the diversity of EU banking models and the balanced package adopted by the European Parliament;

2018/10/25
Committee: ECON

2018/2100(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 13

13. Takes note of the ~~on-going negotiations on the NPL package; welcomes~~Commission's legislative proposals concerning minimum loss coverage for non-performing exposures and the development of a secondary market for NPLs, of the ECB addendum on NPLs and the work of the EBA on guidelines on management of non- performing and forborne exposures; welcomes the reduction in volume of NPLs over the past years; stresses that the risk to financial stability posed by NPLs ~~is still significant~~today is less significant than it was a few years ago; agrees with the Commission that the primary responsibility for reducing NPLs lies with the Member States, notably through efficient insolvency laws, and banks themselves; considers that the causal link between economic growth and the decline in non-performing exposures should be properly assessed, as there is no empirical evidence that the supply of credit is causally determined by the level of NPLs in the European banking system;

2018/10/25
Committee: ECON

2018/2100(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 17

17. Recalls the initial debate on the role of the ECB as both monetary and supervisory authority; considers that, overall, the ECB has succeeded in adequately keeping the two roles separate; believes, however, that ~~further debate is necessary to avoid~~in order to ensure there ris~~k of a~~ no confusion or conflict of interests between the two ~~task~~roles of the ECB, there should be an institutional, as well as operational, separation of the ECB's monetary policy and supervisory functions;

2018/10/25
Committee: ECON

2018/2100(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 18

18. ~~Welcomes the~~ Considers totally inadequate the 'non-agreement' reached at the Euro Summit meeting of 29 June 2018 ~~that~~- an agreement in principle according to which the European Stability Mechanism (ESM) will provide the common backstop to the Single Resolution Fund (SRF) and be turned into a ~~true~~ European Monetary Fund (EMF), based ~~on strict conditions ensuring responsibility and the principle of avoiding moral hazard; stresses the need for proper democratic scrutiny; recalls Parliament’s position that the EMF should~~, however, on conditions which make it extremely difficult to be used from a counter-cyclical and crisis management viewpoint; takes the view that in order to be truly effective as an anti-crisis instrument, a fiscal support tool for the Banking Union should not be limited in its dimensions and should be able to issue debt on the markets to finance itself; stresses that only once it has been fully incorporated into the Union's institutional framework will proper democratic scrutiny be ensured for the EMF;

2018/10/25
Committee: ECON

2018/2100(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 19

19. Reaffirms ~~its position that the rules for precautionary recapitalisation need to be clarified; notes that precautionary recapitalisation can be an~~that precautionary recapitalisation is a legitimate instrument for bank crisis -management ~~but believes that it~~; notes that the conditions use ~~needs to be strictly limited to exceptional cases where the bank is~~ t for it by the Bank Recovery and Resolution Directive (BRRD) are restrictive and have so far been effective in preventing its inappropriate use on insolvent ban~~d where~~ks, in addition to ensuring compliance with EU State aid rules ~~is ensured~~; recalls that the objective of the EU resolution regime is to make sure that taxpayers are protected, the cost of bank management failures is borne by its shareholders and creditors, and that the stability of the financial system as a whole is preserved;

2018/10/25
Committee: ECON

2018/2100(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 20

20. Calls on the Commission to ~~regularly~~ assess whether the banking sector has benefited from implicit subsidies and State aid since the beginning of the crisis and to publish a report in this regard; underlines the distortive effect State aid can have on the functioning of the internal market; recalls the strict requirements for the application of Article 107(3)(b) of the Treaty on the Functioning of the European Union (TFEU);

2018/10/25
Committee: ECON

2018/2100(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 20 a (new)

20a. Welcomes the adoption of the agreement on emergency liquidity assistance (ELA), which clarifies the allocation of responsibilities, costs and risks; notes that this agreement is to be reviewed in 2019 at the latest; takes the view that certain recent banking scandals, in particular in north-eastern Europe, have highlighted the need for greater centralisation within the ECB of the procedures for providing ELA and the inadequacy of the sole criterion of ‘interference in monetary policy’ as the justification for intervention in an ELA operation by the ECB’s Executive Committee and Governing Council;

2018/10/25
Committee: ECON

2018/2100(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 23

23. Takes note of the agreement reached at the Euro Summit meeting of 29 June 2018 on the European Deposit Insurance Scheme (EDIS); underlines the ne~~cessity of EDIS as the third pillar of the Banking Union; believes it should be fully implemented once significant risk reduction has taken place~~ed for EDIS to be implemented in full, since it is the third pillar of the Banking Union; points out that effective risk sharing ensures the stability of the European banking and financial system;

2018/10/25
Committee: ECON

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph –1 (new)

-1. Recognises the challenges faced by border regions and stresses that socioeconomic disparities, including cultural and language differences, between different border regions can hinder integration, restrict interaction and scale down opportunities for people and businesses on both sides of the border;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph –1 a (new)

-1a. Emphasises that the EU has contributed positively to the development of border regions and that future funding programmes should continue in the most effective and efficient manner, focusing on areas of particular high European added value ensuring that solving border difficulties is at the heart of cross-border cooperation programmes;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph –1 b (new)

-1b. Stipulates that cohesion policy should continue to support vulnerable and marginalised people, addressing growing inequalities and building solidarity through investments in education, training and culture, by paying particular attention to cross-border cooperation programmes focused on the existing cultural, territorial and administrative obstacles and future challenges in those regions;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph –1 c (new)

-1c. Emphasises that EU borders comprise both land and maritime borders to be taken into account; Hence encourages the Commission to look at the challenges faced by maritime border regions in order to allow for a holistic analysis of the obstacles faced by all border regions, as well as the potential cooperation and growth of all borders regions;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 1

1. Highlights the importance of cross- border cooperation programmes in funding educational, cultural, sporting and other activities whose European added value brings citizens closer ~~and~~, fosters mutual trust ~~in border regions; stresses, in this regard,~~and understanding and helps to address different prejudice and stereotypes in border regions; stresses, in this regard, that measures at EU level in cooperation with Member States, regions and other stakeholders are required to better use the potential of border regions and that the large number of INTERREG projects devoted to culture, which proves that there is a strong desire among border regions to invest in joint cultural projects; reiterates, therefore, its view that EU financial support is crucial for these initiatives and should therefore be further strengthened in the next MFF;

2018/05/24
Committee: CULT

2018/2054(INI)

Luigi MORGANO

Draft opinion
Paragraph 1

1. Highlights the importance of cross- border cooperation programmes in funding educational, cultural, sporting and other activities whose European added value brings citizens closer and fosters mutual trust in border regions; stresses, in this regard, the large number of INTERREG projects devoted to culture, which proves that there is a strong desire among border regions to invest in joint cultural projects; reiterates, therefore, its view that EU financial support for these initiatives should be further strengthened in the next MFF and also by drawing more extensively and effectively on potential synergies between EU policies, for instance by combining the use of structural funding with the EFSI;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 1 a (new)

1a. Calls for a new information strategy on cross-border and regional cooperation in order to get closer to inhabitants of these regions, to increase their awareness of the opportunities that the EU cross-border programmes bring, and thus to contribute to change attitudes towards more open regional and cross- border mindedness;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 1 b (new)

1b. Encourages young people to act, participate and be involved in all aspects of regional and cross-border society development; Supports youth cross-border ideas and activities such as creating platforms for exchange of ideas and good practice, raising awareness and exchanging information on cross-border cooperation and spreading information through social and other media to improve youth participation and possibilities in cross-border project;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 1 c (new)

1c. Strongly supports cross-border projects and programmes in improving youth education, employability, inclusion and participation of young people in society by tackling social problems that young people face in border regions, such as unemployment and radicalisation; Requires more systematic cooperation across border regions to improve employment, education, training, culture, sport and other social policies for young people;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 2 a (new)

2a. Believes that cross-border cooperation between education and training institutions should be reinforced by facilitating cross-border school visits and extracurricular activities for children from a very young age in order to provide children with a unique opportunity, that goes beyond the class room, to have a direct contact and a first-hand experience with the diversity of cultures, languages and history of their neighbours;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 3

3. Reiterates that bringing together key players from the research community, business, higher education, public authorities and civil society is essential; Calls on the Member States to facilitate cross-border partnerships between education and training institutions in border regions in order to promote the mobility of students, teachers, trainers and administrative staff, as well as doctoral candidates and researchers; underlines that the use of multilingualism within such cross-border partnerships can prepare graduates to enter the employment market on both sides of the border; urges the Member States to facilitate and encourage the mutual recognition and better understanding of diplomas and professional qualifications between neighbouring regions including validation and recognition of skills;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 3 a (new)

3a. Encourages pooling of joint public services and efforts in neighbouring border regions to develop a series of targeted interventions to support low skilled or low-qualified adults in border regions and to help them improve their literacy, numeracy and digital skills by acquiring a broader set of competences and higher qualifications;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 3 b (new)

3b. Encourages cross-border cooperation and programmes for dual vocational training among different border regions; Is of the opinion that better cross-border cooperation and investment in skills in border regions will help improve the existing skills gap, reduce poverty, unemployment and social exclusion and will help tackle skill shortages and the brain drain in those peripheral areas;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 3 c (new)

3c. Believes that multiculturalism is particularly relevant for border regions; Strongly encourages cross-border cultural cooperation within and between border regions by enhancing the collaboration between creative people and the cultural actors, such as artists and representatives of cultural organizations, administrations and networks in specific cross-border and trans-European projects;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Momchil NEKOV, Luigi MORGANO, Julie WARD, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 4

4. Reiterates that mobility of artists and culture professionals has become invaluable in the promotion of Europe’s cultural and social progress and development of regional, national and European cultural heritage; Is of the opinion that a strong cross- border cooperation in the area of cultural and creative industries (CCIs) can help to create socio-economic value, growth and jobs (also via clustering of enterprises), while also building bridges, increasing mutual understanding and forging a European consciousness through joint initiatives on cultural heritage-related projects;

2018/05/24
Committee: CULT

2018/2054(INI)

Luigi MORGANO

Draft opinion
Paragraph 4

4. Is of the opinion that a strong cross- border cooperation in the area of cultural and creative industries (CCIs), focusing especially on micro-enterprises and SMEs (also via clustering of enterprises), can help to create socio-economic value, growth and jobs ~~(also via clust~~, in particular for young people, while also preserving ~~of enterprises), while also~~and promoting European cultural and linguistic diversity, building bridges, increasing mutual understanding and forging a European consciousness through joint initiatives on ~~cultural heritage-related projects;~~ projects related to tangible and intangible cultural heritage;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 4 a (new)

4a. Believes that cohesion policy can contribute positively to the creation of new ideas and possibilities of cooperation between museums, orchestras, cross- border radio and TV projects in border regions by addressing the legal and financial difficulties which artists have with their common cross-border projects;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 4 b (new)

4b. Strongly supports cross-border cultural projects and cooperation between European Capitals of Culture and border regions throughout Europe in order to establish a chain of cultural ‘welding points’ and to generate a new dimension of European cultural networks where new practices of cultural diversity are being developed and integrated in the realization of concrete European projects;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 4 c (new)

4c. Regrets that cultural and leisure activities often fail to attract people from different border regions in neighbouring countries, despite the fact that people living in those areas share similar interests and are in close proximity to one another; supports the EU regional portals created in several border regions to provide people with access to information about cultural and leisure activities and encourages the promotion of similar portals across all border regions;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 5

5. Strongly believes that border regions, thanks to the existence of long- established contacts between cultural institutions across borders, can create favourable conditions for artistic and cultural mobility and can therefore be vital for thematic tourism ~~and~~, help promote Europe as a destination., and to actively revitalise the process of European integration by promoting contacts between Europe’s citizens and stimulating a common sense of belonging;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 5 a (new)

5a. Encourages various measures aimed at combating all forms of discrimination in border regions and at breaking down barriers for vulnerable people in finding employment and becoming integrated into society; Supports in this regard promotion and development of social enterprises in border regions as a source of job creation, in particular for vulnerable groups of people, such as young unemployed and disabled people;

2018/05/24
Committee: CULT

2018/2054(INI)

Marlene MIZZI, Krystyna ŁYBACKA, Silvia COSTA, Momchil NEKOV, Julie WARD, Luigi MORGANO, Liliana RODRIGUES, Sylvie GUILLAUME, Eider GARDIAZABAL RUBIAL

Draft opinion
Paragraph 5 b (new)

5b. Supports apprenticeships measures and multi-stakeholder platforms in border regions aimed at improving the quality, supply and image of apprenticeships and promoting border mobility among young apprentices; Is of the opinion that bringing together relevant stakeholders to create cross- border opportunities for apprenticeships, traineeships, internships will improve competition, education, skills and the labour markets in those regions and in particular, encourages creating internships opportunities in regional and local institutions involved in cross-border and international cooperation;

2018/05/24
Committee: CULT

2018/2046(BUD)

Morten LØKKEGAARD, Bogdan Andrzej ZDROJEWSKI, Luigi MORGANO, Helga TRÜPEL, María Teresa GIMÉNEZ BARBAT

Draft opinion
Paragraph 1

1. ~~Notes with disappointment that the 2019 draft budget for Erasmus+ does not~~Recalls that Erasmus+ remains a highly valued and hugely popular programme promoting youth learning mobility, as demonstrated by the volume of applications received, which exceeds the funding available; deeply regrets that the 2019 draft budget for Erasmus+ falls well below Parliament’s expectations, failing to go beyond the programmed figures under the ~~MFF; calls for at least~~current MFF, including in providing the remaining available top- up funding for the programme agreed under the MFF revision ~~(around 26 million EUR) to be allocated in 2019; reiterates~~; calls, therefore, for an increase of 20% of the funding over the draft budget 2019 (DB 2019), across all four Erasmus+ budget lines, in order to cater for current needs, to respond to citizens’ expectations of the programme, and to provide European youth with the future they expect from the EU; reiterates, in that regard, its support for a tripling of Erasmus+ funding in the next MFF and its intention to fight for that increase;

2018/07/18
Committee: CULT

2018/2046(BUD)

Morten LØKKEGAARD, Bogdan Andrzej ZDROJEWSKI, Luigi MORGANO, Helga TRÜPEL, María Teresa GIMÉNEZ BARBAT

Draft opinion
Paragraph 1 a (new)

1a. Reiterates its concern at the manner in which the European Solidarity Corps was initially set up without a legal base and without a stand-alone budget line; is, furthermore, uncomfortable that the final decision on sources of funding for the Corps - with the exception of the stipulation on Erasmus+ - has been left to the annual budgetary procedure; confirms that it will scrutinise the amending letter from the Commission with great care to ensure that the trilogue agreement is fully respected;

2018/07/18
Committee: CULT

2018/2046(BUD)

Morten LØKKEGAARD, Helga TRÜPEL, Luigi MORGANO, Bogdan Andrzej ZDROJEWSKI, María Teresa GIMÉNEZ BARBAT

Draft opinion
Paragraph 2

2. Stresses the value of Creative Europe in supporting the EU’s audio- visual and cultural sectors~~; is pleased to note that the new programme proposal makes provision~~ and insists that funding levels should match the ambitions of the programme; notes, with respect to the MEDIA sub-programme, that, in order to fund all high-quality projects, the budget would need to be increased by some 44%; calls, therefore, for a substantial 22% funding increase over the DB 2019 to tackle low application success rates, to reinforce support~~ing media pluralism and freedom and media literacy under the cross-sectoral strand; asks, in the meantime, for the budget line on digital content~~ for European cinema operators’ networks and to incorporate - and finance - the successful Preparatory Action on the sub-titling of cultural content without jeopardising the financing of core actions; reiterates that both the Culture sub-programme and the cross-sectoral strand remain chronically underfunded and calls for a funding increase of at least 10% over the DB 2019 on both lines; proposes, with respect to the Culture sub-programme, and a~~udiovisual and other media industries (09 02 05) to be reinforced to boost efforts to tackle fake news through enhanced media literacy work;~~ dditional 3 million EUR funding over the DB 2019 - on top of the 10% increase - to scale up the already successful, but currently limited, trial action on the individual mobility of artists and culture professionals in preparation for the next Creative Europe programme;

2018/07/18
Committee: CULT

2018/2046(BUD)

Morten LØKKEGAARD, Bogdan Andrzej ZDROJEWSKI, Luigi MORGANO, Helga TRÜPEL

Draft opinion
Paragraph 2 a (new)

2a. Is pleased to note that the new Creative Europe programme proposal makes provision for supporting media pluralism and freedom and media literacy under the cross-sectoral strand; asks, in the meantime, for the budget line on digital content and audio-visual and other media industries (09 02 05) to be reinforced to boost efforts to tackle fake news through enhanced media literacy work and to provide direct support to organisations monitoring and promoting media freedom and pluralism;

2018/07/18
Committee: CULT

2018/2046(BUD)

Morten LØKKEGAARD, Bogdan Andrzej ZDROJEWSKI, Luigi MORGANO, Helga TRÜPEL

Draft opinion
Paragraph 3

3. Urges the Commission to conduct a full-scale review – to be provided to Parliament – of all activities under the ‘multimedia actions’ line to ensure that they deliver on their core aims ~~and that the next MFF strikes the right funding balance across actions; calls for extra funding~~; calls for an additional 4.2 million EUR in commitment appropriations in 2019 to secure the important work of Euranet Plus for the remainder of the MFF; reiterates that the network’s current ‘hand- to-mouth’ existence is unsustainable, necessitating a long-term solution ~~in the~~ ; notes that the funding aim for Euranext ~~MFF~~Plus from 2020 onwards is 8.4 million EUR annually;

2018/07/18
Committee: CULT

2018/2046(BUD)

Morten LØKKEGAARD, Bogdan Andrzej ZDROJEWSKI, Luigi MORGANO, Helga TRÜPEL, María Teresa GIMÉNEZ BARBAT

Draft opinion
Paragraph 4

4. Emphasises the value of Europe for Citizens in enhancing citizens’ understanding of the EU and fostering a sense of citizenship; insists that the planned cuts to the programme to fund the revamped European Citizens’ Initiative be reversed; deplores the fact that the legislative proposal for the new E~~uropean Citizens’ Initiative~~CI failed to detail the budgetary impact on Europe for Citizens, thus depriving the legislator of essential information; beyond the restoration of these funds to the budget line, calls for a 10% funding increase over the DB 2019 - based on current MFF programming figures - to provide the minimum necessary increase for a programme that suffers from persistent under-funding and low project success rates, thus frustrating the expectations of applicants;

2018/07/18
Committee: CULT

2018/2046(BUD)

Morten LØKKEGAARD, Bogdan Andrzej ZDROJEWSKI, Luigi MORGANO, Helga TRÜPEL

Draft opinion
Paragraph 4 a (new)

4a. Recalls that the UK’s withdrawal from the European Union poses particularly acute challenges for the European Schools, especially given the size of the English language section (around 21% of all pupils) and the prevalence of English as a second language (61% of all pupils in the 2016- 2017 school year); believes that important budgetary and educational questions remain to be addressed with regard to the long-term provision of first-class English- language teaching and the continued recognition of the European baccalaureate in the UK, notwithstanding the provisions in article 120 of the draft withdrawal agreement; urges the Commission and the Board of Governors to report to the Committee on Culture and Education on its long-term plans to deal with the challenges of Brexit;

2018/07/18
Committee: CULT

2018/2046(BUD)

Luigi MORGANO

Draft opinion
Paragraph 5

5. Recalls that culture- and education- related projects are supported across a range of Union programmes and instruments, notably the ESI Funds, EFSI and Horizon 2020; urges the Commission to improve cross-programme synergies to deliver effective spending.; calls on the Commission, in particular, to fully exploit potential synergies existing between various EU programmes – such as Horizon 2020, the Connecting Europe Facility, Erasmus+, EaSI, Creative Europe and COSME, EFSI and ESI Funds to support more projects in the field of cultural and creative industries;

2018/07/18
Committee: CULT

2018/2046(BUD)

Morten LØKKEGAARD, Bogdan Andrzej ZDROJEWSKI, Luigi MORGANO, Helga TRÜPEL

Draft opinion
Paragraph 5 a (new)

5a. Points to the potential of Pilot Projects and Preparatory Actions (PPPAs) as means to test out measures in Union policy areas and introduce new innovative initiatives that could become long-term Union measures; stresses that a number of PPPAs proposed by the committee in the current parliamentary term have proved hugely successful, paving the way for the design of the new generation of education and culture programmes; regrets that the pre- assessment of PPPAs by the Commission leaves very limited time for opinion-giving committees in the Parliament to address the ratings and comments; regrets, furthermore, that in some instances the ratings and comments provided by the Commission are not entirely objective, and appear to have been influenced by institutional or personal preferences; recalls that failure to enact a PPPA inside the Commission can never be a reason for a low assessment grade;

2018/07/18
Committee: CULT

2018/2046(BUD)

Morten LØKKEGAARD, Bogdan Andrzej ZDROJEWSKI, Helga TRÜPEL, Luigi MORGANO

Draft opinion
Paragraph 5 b (new)

5b. Urges the Committee on Budgets to review the procedure for handling and deciding on Pilot Projects and Preparatory Actions, which currently lacks transparency and does not give sufficient space for individual opinion- giving committees to shape the political priorities on PPPAs within their respective policy remits; asks the Committee on Budgets to engage more actively with the individual opinion-giving committees prior to its vote on the PPPA package and to consider how it could devolve more responsibility to the opinion- giving committees – potentially through a non-binding financial envelope for each committee, based on Parliament’s priorities and past spending in the relevant policy area among other criteria - for adopting their own priority PPPAs; suggests that such an approach might help respond to the Commission’s criticism regarding the proliferation of PPPA proposals over recent years by promoting a more focused, priority-based method in committees;

2018/07/18
Committee: CULT

2018/2034(INI)

Luigi MORGANO, Silvia COSTA

Draft opinion
Paragraph 2

2. Is deeply concerned that, in the EU2819, the average rate of general government expenditure on education as a percentage of GDP fell year-on-year from 2009 to 20161 ; regrets that the education and training sector has been severely hit by austerity policies and stresses that well- resourced public education systems are vital for equality and social inclusion; calls, therefore, for a shift in the euro area’s macroeconomic policy ~~mix~~priorities towards increased public spending on education and training; ~~_________________ 1~~calls on the Commission to introduce in the Social Scoreboard an indicator on spending (especially public) on education as a share of GDP (or per student), in order to monitor the performance of the Member States; _________________ 1 Eurostat data. Eurostat data.

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO

Draft opinion
Paragraph 3

3. Stresses that social disadvantage is frequently a predictor of poor educational outcomes and vice versa; stresses, furthermore, that, in the constantly changing knowledge economies, employability, even among students with otherwise similar hard skills, is often dependent to a non-negligible extent on ‘softer’ skills (communication, critical thinking, cooperation, creative innovation, confidence and ‘learning to learn’) beyond reading and mathematical and scientific literacy; insists that a properly funded, quality education and lifelong learning system can help break this vicious circle and promote social inclusion and equal opportunities;

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO

Draft opinion
Paragraph 4 a (new)

4a. Stresses that, according to the Education and Training 2020 (ET 2020) benchmarks, by the year 2020, fewer than 15% of 15-year-olds should be under- skilled in reading, mathematics and science; welcomes the inclusion of ‘underachievement in education’ for 15- year-olds (results for low achievement in mathematics from the Programme for International Student Assessment (PISA) survey) in the new Social Scoreboard; invites, the Commission, however, to include also under-achievement in reading and/or scientific literacy;

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO

Draft opinion
Paragraph 4 b (new)

4b. Recalls that, according to the Education and Training 2020 benchmarks(ET 2020), by the year 2020, at least95% of children (from 4 to compulsory school age) should participate in early childhood education; stresses that the area of “early childhood care” in the Social Scoreboard includes only one indicator, for children aged under 3 in formal care; highlights that it lacks information on the coverage of older children below compulsory age, as well as information about the extent of childcare provision as measured by the number of hours provided;

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO, Silvia COSTA

Draft opinion
Paragraph 4 c (new)

4c. Considers child poverty to be a major issue on which Europe should ‘act big’; calls for the swift implementation of a Child Guarantee in all Member States, so that every child now living at risk of poverty can have access to free healthcare, free education, free childcare, decent housing and proper nutrition; underlines the importance of pre-natal care and early childhood development; calls for inclusive education systems at all levels, including afterschool care; underlines that implementation of the Child Guarantee will require adequate financing at national and European level; calls, therefore, for an increase in its financing, possibly via the European Social Fund and a new convergence instrument for the Eurozone; requests that national public investments in the Child Guarantee be considered within a 'silver rule on social investment' under the Stability and Growth Pact;

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO, Theodoros ZAGORAKIS, Silvia COSTA

Draft opinion
Paragraph 4 d (new)

4d. Stresses that one of the objectives of the Youth Guarantee is to ensure that all young people under the age of 25 years receive a good-quality offer of employment, continued education, apprenticeship or traineeship within a period of four months of becoming unemployed or leaving formal education; calls, therefore, for full implementation of the Youth Guarantee, with emphasis on quality offers and effective outreach to all NEETs 1a; highlights that this requires adequate financing in the next Multiannual Financial Framework (MFF post 2020) including an increase of the European Social Fund and an extension of the Youth Employment Initiative to at least € 21 billion; requests that national public investments for the Youth Guarantee and integration of the long- term unemployed be counted within a ‘silver rule on social investment' under the Stability and Growth Pact; _________________ 1aNEETs: Young people not in employment, education or training

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO, Theodoros ZAGORAKIS, Silvia COSTA

Draft opinion
Paragraph 4 e (new)

4e. Supports a Skills Guarantee as a new right for everyone to acquire fundamental skills for the 21st century, including digital literacy; considers that the Skills Guarantee should involve individualised assessment of learning needs, a quality learning offer as well as systematic validation of skills and competences acquired, enabling their easy recognition on the labour market; underlines that the Skills Guarantee is an important social investment, requiring adequate financing at national and European level; calls, therefore, for an increase in the financing of the Skills Guarantee, possibly via an increased European Social Fund and a new convergence instrument for the Eurozone; requests that national public investments in the Skills Guarantee be considered within a 'silver rule on social investment' under the Stability and Growth Pact;

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO, Theodoros ZAGORAKIS, Silvia COSTA

Draft opinion
Paragraph 4 f (new)

4f. Reiterates the European Parliament’s call for the Erasmus+ envelope to be at least tripled in the next MFF with the aim of reaching many more young people, youth organisations and secondary school pupils and apprentices across Europe; calls for particular attention to be paid to people coming from a disadvantaged socio-economic background so as to enable them to participate in the programme, as well as to people with disabilities, in line with the EU’s and the Member States’ obligations under the UN Convention on the Rights of Persons with Disabilities (CRPD);

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO, Theodoros ZAGORAKIS, Silvia COSTA

Draft opinion
Paragraph 4 g (new)

4g. Calls for a ‘silver rule’ on social investment to be applied when implementing the Stability and Growth Pact, namely to consider certain public social investments having a clear positive impact on economic growth (e.g. the Child Guarantee, the Youth Guarantee and the Skills Guarantee) as being eligible for favourable treatment when assessing government deficits and compliance with the 1/20 debt rule; highlights that fiscal consolidation should not undermine national co-financing of European funding for social investment;

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO, Silvia COSTA

Draft opinion
Paragraph 4 h (new)

4h. Calls for adequate financing under the next MFF in order to cope with increased needs; calls, in particular, for: (a) the strengthening of the Youth Employment Initiative, with at least €3 billion per year in funding, available in a dedicated budget line; (b) a substantial increase of the financing envelope of the European Social Fund; (c) establishing a new instrument, which will support the implementation of the Child Guarantee and which would be financed from the EU revenue arising, for instance, from the enforcement of EU competition law;

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO, Silvia COSTA

Draft opinion
Paragraph 4 i (new)

4i. Recalls the strategic potential of the cultural and creative sector (CCS) as a generator of jobs and wealth in the EU; stresses that cultural and creative industries (CCIs) constitute 11.2 % of all private enterprises and 7.5% of all persons employed in the total EU economy and generate 5.3 % of the total European gross value added (GVA); underlines the CCIs’ role in preserving and promoting European cultural and linguistic diversity and their contribution to economic growth, innovation and employment, especially youth employment;

2018/06/12
Committee: CULT

2018/2034(INI)

Luigi MORGANO, Silvia COSTA

Draft opinion
Paragraph 4 j (new)

4j. Calls on the Commission to fully exploit potential synergies existing between EU policies, so as to effectively use the funding available under EU programmes – such as Horizon 2020, the Connecting Europe Facility, Erasmus +, Employment and Social Innovation (EaSI), Creative Europe and COSME – and the European Structural and Investment Funds (ESIFs) to support more projects in the field of CCIs; notes that, particularly in the case of Creative Europe, Horizon 2020 and the Structural Funds (ERDF and ESF), the role and impact of CCIs on growth, employment and territorial cohesion should be specifically evaluated and further promoted; stresses that this process should provide a solid and coherent basis for the revision of the MFF and the future EU programme architecture post- 2020;

2018/06/12
Committee: CULT

2018/2033(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 3

3. Considers that growth-orientated fiscal policies are needed at the European level, in particular counter-cyclical policies to support aggregate demand in the euro area, alongside an appropriate monetary policy, in order to strengthen the European economy;

2018/07/16
Committee: ECON

2018/2033(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 5

5. Takes the view that the development of new budgetary tools aimed at stabilisation and convergence in the euro area would be extremely important for the economic governance of the eurozone in order to avoid, as far as possible, the re- emergence of events already experienced during the years of the financial crisis; considers, to that end, that those tools should include European insurance against unemployment related to the economic cycle; is of the opinion, lastly, that those budgetary tools should be financed from own resources that are specific to the euro area;

2018/07/16
Committee: ECON

2018/2033(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 7

7. Recalls the importance of access to quality public services endowed with sufficient resources; points out, in particular, that the best tool for improving social mobility and ensuring a fair distribution of economic and social opportunities is a high-quality universal childcare policy, particularly during the first few years of life;

2018/07/16
Committee: ECON

2018/2033(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 9

9. Recalls the importance of efficient regulation of the banking and financial sectors to forestall any new crises; reiterates, moreover, that risk sharing plays a crucial role in risk reduction and that the establishment of a European Deposit Insurance Scheme is a key building block for the stability of the banking system and of the EU economy;

2018/07/16
Committee: ECON

2018/2033(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 11

11. Welcomes the Commission recommendation to review the tax systems of a number of Member States which are exploited by multinationals engaged in aggressive tax planning; insists on the need to implement an ambitious pCBCR (public country-by-country reporting) and CCCTB (common consolidated corporate tax base); reiterates the need to adopt a common minimum tax rate for companies at the EU level, calculated on the basis of the CCCTB, and for the revenues thus generated to be regarded as an own resource for the EU budget;

2018/07/16
Committee: ECON

2018/2033(INI)

Luigi MORGANO

Motion for a resolution
Paragraph 24

24. Takes note of the proposed InvestEU programme which focuses on four key priorities for the EU (sustainable infrastructure; research, innovation and digitisation; small and medium-sized businesses; and social investment); requests that the focus of the InvestEU programme be placed on efficient resources and decarbonisation projects, and stresses the need to guarantee a more balanced budget allocation among Member States and regions; stresses that the proposed investment programme should aim at labour intensive projects, which seek to create quality employment in the EU, notably by taking proper account of the financing needs in those countries most affected by the crisis;

2018/07/16
Committee: ECON

2018/2024(BUD)

Luigi MORGANO

Draft opinion
Paragraph –1 (new)

-1. Points out that programmes in the fields of education, youth, culture and citizenship remain vital as ways of increasing awareness of the common European identity across the board;

2018/05/03
Committee: CULT

2018/2024(BUD)

Luigi MORGANO

Draft opinion
Paragraph –1 a (new)

-1a. Recalls, inter alia in the light of its 30th anniversary celebrations, that Erasmus + remains the main programme for promoting youth mobility, as demonstrated by the volume of applications received, which exceeds the funding available; recalls furthermore that Erasmus + funding levels are now reaching their peak for the current multiannual financial framework (MFF); considers, therefore, that the budget of Erasmus + for 2019 should be at least doubled to cover eligible applications to participate in the programme, in particular with regard to continuous training and the youth sector, including non-formal education, and to ensure greater participation by vulnerable groups, particularly young people with disabilities;

2018/05/03
Committee: CULT

2018/2024(BUD)

Luigi MORGANO, Silvia COSTA

Draft opinion
Paragraph 1

1. Recalls that Erasmus+ funding levels are now reaching their peak for the current multiannual financial framework (MFF); calls for the remaining top-up funding for the programme under the MFF revision to be allocated in 2019; reiterates its call for substantial additional funding for Erasmus+Considers that the budget allocation to Erasmus + should be increased tenfold in the next MFF, given the popularity of the programme and its capacity at the same time to build a European sense of belonging and enhance the job prospects of the young people participating in it;

2018/05/03
Committee: CULT

2018/2024(BUD)

Luigi MORGANO, Silvia COSTA

Draft opinion
Paragraph 2

2. Stresses the value of Creative Europe in supporting the EU’s audiovisual and cultural sectors; insists that funding levels match the ambitions of the programme, in particular for the Culture sub-programme, which is chronically under-financed, and which consequently has difficulty in achieving satisfactory success rates, frustrating the expectations of candidates; considers that reinforcement of the cross-sectoral strand will enable the Commission to scale up efforts to tackle fake news, both through enhanced media literacy work and by fostering sectoral dialogue; believes, finally, that the exploitation of synergies between EFSI and the guarantee mechanism for the creative cultural sector should continue, including the aspect of training of banking and financial intermediaries to teach them to assess intangible assets correctly, so as to enable the cultural and creative industries to fully express their dual value in protecting and highlighting expression and European cultural and linguistic diversity, and quality job creation and generation of sustainable growth, as well as the development of innovation and production;

2018/05/03
Committee: CULT

2018/2024(BUD)

Luigi MORGANO, Silvia COSTA

Draft opinion
Paragraph 2 a (new)

2a. Takes note of the interest aroused by the launch of the European Year of Cultural Heritage 2018; calls, therefore, for the governance actions and instruments linked to the European Year of Cultural Heritage to continue beyond 2018, including with the aid of the specific introduction of dedicated budget lines under other multi-annual programmes such as Research, External Action, Cohesion, Erasmus Plus and Digitisation of the Cultural Heritage, and inclusion in the Action Plan for Digital Skills;

2018/05/03
Committee: CULT

2018/2024(BUD)

Luigi MORGANO

Draft opinion
Paragraph 4

4. Emphasises the value of Europe for Citizens in enhancing citizens’ understanding of the EU and fostering a sense of citizenship, as well as the operational support it provides to European civil-society organisations; reaffirms its commitment to proper funding levels for the programme;

2018/05/03
Committee: CULT

2018/2024(BUD)

Luigi MORGANO

Draft opinion
Paragraph 5 a (new)

5a. Calls on the Commission to provide adequate budget funding to raise the profile of the 2019 European elections and increase the effectiveness of media coverage thereof, in particular to promote knowledge of the 'Spitzenkandidaten', the candidates for the Presidency of the Commission;

2018/05/03
Committee: CULT

2018/2007(INI)

Renato SORU, Simona BONAFÈ, Luigi MORGANO, Andrea COZZOLINO

Motion for a resolution
Citation 3 a (new)

- having regard to the Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions on the Mid-Term Review of the Capital Markets Union Action Plan of the 8 June 2017,

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Renato SORU, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Citation 21 a (new)

- having regard to the Opinion of the European Committee of the Regions "Climate finance: an essential tool for the implementation of the Paris Agreement" highlighting the role of local and regional governments in enhancing the investment pipeline for achieving the objectives of the Paris Agreement,

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Renato SORU, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Citation 25

— having regard to the recommendation in the HLEG fin~~terim~~al report of Julanuary 20178 that the Commission should conduct a sustainability test on all financial legislative proposals,

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Renato SORU, Andrea COZZOLINO, Luigi MORGANO, Pervenche BERÈS

Motion for a resolution
Citation 28 a (new)

28 a - having regard to the UNISDR and CRED report "The Human Cost of Weather related Disasters" stating that 90% of recorded major disasters from 1995 to 2015 caused by natural hazards were linked to climate and weather and that globally, disasters cause between 250 and 300 billion USD in economic damages every year;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Renato SORU, Andrea COZZOLINO, Luigi MORGANO, Pervenche BERÈS

Motion for a resolution
Citation 28 b (new)

- having regard to the Sendai Framework for Disaster Risk reduction and "Priority 3: Investing in disaster risk reduction for resilience" including Article 30 stating the need "to promote, as appropriate, the integration of disaster risk reduction considerations and measures in financial and fiscal instruments",

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Renato SORU, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Citation 32 a (new)

- having regard to the report of the High-Level Task force on Investing in Social Infrastructure in Europe, which estimates the minimum gap in social infrastructure investment in the EU, at 100-150 billion Euro per year and a total gap of over 1,5 trillion Euro in 2018-2030,

2018/03/02
Committee: ECON

2018/2007(INI)

Renato SORU, Simona BONAFÈ, Luigi MORGANO, Andrea COZZOLINO

Motion for a resolution
Recital A a (new)

A a. whereas sustainable finance can be a mean to address societal challenges towards a long-term inclusive growth and to promote the citizens’ wellbeing;

2018/03/02
Committee: ECON

2018/2007(INI)

Renato SORU, Simona BONAFÈ, Luigi MORGANO, Andrea COZZOLINO

Motion for a resolution
Paragraph 1 a (new)

1 a. Underlines that a meaningful offer of sustainable financial products may also have positive effects over the enhancement of the European social infrastructure understood as the set of initiatives and projects aiming at creating public value by boosting investment and innovation in the sectors which are strategic and crucial to the wellbeing and the resilience of people and communities, such as education, healthcare and housing;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Paul TANG, Renato SORU, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Paragraph 4

4. Calls on the Member States, in coordination with the Commission and the EIB, to evaluate their national and collective public investment needs to ensure that the EU is on track to meet its climate change goals within the next five years. Suggests to coordinate this process at European level and establish a system to track actual financial flows towards sustainable investments, enhancing experiences such as the EU Observatory on Sustainable Finance;

2018/03/02
Committee: ECON

2018/2007(INI)

Renato SORU, Simona BONAFÈ, Luigi MORGANO, Andrea COZZOLINO

Motion for a resolution
Paragraph 4

4. Calls on the Member States, in coordination with the Commission and the EIB, to evaluate their national and collective public investment needs to ensure that the EU is on track to meet its climate change goals within the next five years; underlines the role that national promotional banks and institutions can play in facing this challenge;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Paul TANG, Renato SORU, Andrea COZZOLINO, Luigi MORGANO, Pervenche BERÈS

Motion for a resolution
Paragraph 7

7. Welcomes the recent inclusion of sustainability issues in the PRIIPs and STS Regulations, as well as in Shareholders Rights Directive and the NFRD; applauds the inclusion in the IORPs Directive of recognition of stranded assets; asks for the transversal integration of sustainable finance criteria in all legislation related to the financial sector. Calls in particular for a direct reference to ESG criteria in the "product oversight governance" (POG) of PRIIPs, IBIPs, investment products in the field of MIFID II and insurance products in IDD Directive, in order to consider those criteria in the entire process of creation, placement and monitoring of investment and insurance products;

2018/03/02
Committee: ECON

2018/2007(INI)

Renato SORU, Simona BONAFÈ, Luigi MORGANO, Andrea COZZOLINO, Paul TANG

Motion for a resolution
Paragraph 7 a (new)

7 a. Believes that the sustainable finance principles should play a significant role in the discussion on the pan-European pension product (PEPP), due both to its importance for Capital Markets Union and to its orientation towards long-term investment; asks for an effective inclusion of the ESG criteria in the PEPP regulation;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Renato SORU, Andrea COZZOLINO, Luigi MORGANO, Pervenche BERÈS

Motion for a resolution
Paragraph 7 a (new)

7 a. Welcomes the European Commission Statement at the "One Planet Summit" in Paris (December 2017) on the possible introduction of a "Green Supporting Factor" in prudential rules in order to boost lending and investments in low carbon assets;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Paul TANG, Renato SORU, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Paragraph 8

8. Asks the Commission to adopt a regulatory strategy aimed inter alia at measuring sustainab~~ility~~le investments´ economic solidity in terms of risks, within the framework of capital adequacy rules; stresses that capital adequacy rules must be based on ~~and fully reflect demonstrated risk~~demonstrated risks and need to consider positive externalities; aims to initiate an EU pilot project within the next annual budget to begin developing methodological benchmarks for that purpose;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Paul TANG, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Paragraph 8 a (new)

8 a. Calls to analyze and encourage private initiatives, such as the EeMAP project on "Green Mortgages", in order to assess and demonstrate at what conditions green assets may entail a reduction of risk for investments while at the same time enhancing environmental sustainability;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Paul TANG, Pervenche BERÈS, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Paragraph 9

9. Emphasises that disclosure is a critical enabling condition for sustainable finance; applauds the work of the Taskforce on Climate-related Financial Disclosure (TCFD) and calls on the Commission and the Council to explicitly endorse its recommendations; urges the Commission to include mandatory disclosure, including on disaster and climate risk, in the framework of the revision of the Accounting Directive and the NFRD. In particular stresses that an enlargement of the field of application of the Non Financial Reporting Directive (NFRD - 2014/95) should be considered, with a view to extending the disclosure duty to companies with more than 250 employees;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Paul TANG, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Paragraph 10 a (new)

10 a. Underlines that a direct reference to the knowledge and capability to implement ESG criteria should be considered among the professional requirements for Board Members and Top Management (in particular for Chief Financial Officer and Chief Risk Manager) of financial and insurance intermediaries;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Paul TANG, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Paragraph 11

11. Calls on the European Supervisory Authorities (ESAs) to develop guidelines for model contracts between asset owners and asset managers, which would clearly incorporate the transmission of the beneficiary interest as well as clear expectations as regards the identification and integration of ESG risks on behalf of the asset manager with a view to avoid, reduce, mitigate and compensate those risks;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Paragraph 14

14. Notes the urgent need for a uniform standard for green bonds, that should build on an EU official, granular green taxonomy to determine what is green; insists that such green bonds should include periodic reporting on the environmental impacts of the underlying assets; underlines that green bonds should also respect negative criteria ~~and must not include any form of fossil fuel asset, nuclear power or investment in aviation infrastructure~~;

2018/03/02
Committee: ECON

2018/2007(INI)

Simona BONAFÈ, Paul TANG, Pervenche BERÈS, Renato SORU, Andrea COZZOLINO, Luigi MORGANO

Motion for a resolution
Paragraph 14 a (new)

14 a. Stresses the importance of the Social component of Sustainable finance; notes the potential of the development of new financial instruments especially dedicated to social infrastructures, such as social bonds, as endorsed by the Social Bond Principles (SBP) 2017;

2018/03/02
Committee: ECON

2018/2005(INI)

Luigi MORGANO, Julie WARD

Draft opinion
Citation 1

– having regard to Articles 167 ~~and 207~~ of the Treaty on the Functioning of the European Union (TFEU), under which the Union is required to take cultural aspects into account under other provisions of the Treaties, including those relating to the common commercial policy, and to Article 207 TFEU, regarding the common commercial policy;

2018/05/03
Committee: CULT

2018/2005(INI)

Martina MICHELS, Liadh NÍ RIADA, Isabella ADINOLFI, Curzio MALTESE, Luigi MORGANO

Draft opinion
Citation 2 a (new)

– having regard to the UNESCO Convention on the Means of Prohibiting and Preventing the Illicit Import, Export and Transfer of Ownership of Cultural Property and the 1995 UNIDROIT Convention on Stolen or Illegally Exported Cultural Objects;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Citation 2 a (new)

– having regard to Article 27 of the UN Convention on Human Rights on the right to participate in cultural life;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Citation 2 b (new)

– having regard to the Commission and European External Action Service Joint Communication ‘Towards an EU strategy for international cultural relations’;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Recital A

A. whereas the EU has the right to adopt policies on trade in cultural and audiovisual services with the aim of protecting and promoting the diversity of cultural expressions and contributing to the achievement of Sustainable Development Goal 4 on quality education;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Recital D

D. whereas the cultural and creative industries contribute approximately 2.6 % of the EU’s GDP, with a higher growth rate than the rest of the economy, and notably remained one of the most resilient sectors during the financial crisis;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Recital E a (new)

Ea. whereas innovation and creativity are needed to ensure a more sustainable development of cities, regions and societies as a whole, and are key to providing solutions to the societal challenges our societies face today;

2018/05/03
Committee: CULT

2018/2005(INI)

Martina MICHELS, Liadh NÍ RIADA, Isabella ADINOLFI, Curzio MALTESE, Luigi MORGANO

Draft opinion
Recital E a (new)

Ea. whereas the European Year of Cultural Heritage 2018 also includes the fight against illicit trade in cultural goods;

2018/05/03
Committee: CULT

2018/2005(INI)

Martina MICHELS, Liadh NÍ RIADA, Isabella ADINOLFI, Curzio MALTESE, Luigi MORGANO

Draft opinion
Recital E b (new)

Eb. whereas the harnessing globalisation in trade aspects concerning cultural goods implies strict compliance with all international conventions on the protection of the cultural heritage in particular with the provisions of the 1954 Hague Convention, the 1970 UNESCO Convention and the Convention of the UNIDROIT of 1995;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Recital E c (new)

Ec. whereas craft and the production of artworks are particularly key to local development;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Recital E d (new)

Ed. whereas intercultural dialogue fosters respect and mutual understanding, and encourages fairer social and economic exchanges, including trade, helping to develop practices that promote the interests of all parties in a more balanced and respectful way, and fight unfair practices such as abusive clauses and imposed unilateral conditionalities;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Paragraph 1

1. Stresses that culture and education ~~can~~, including lifelong learning, are common goods and that access to culture and education are Human Rights, and that culture and education can therefore not be considered or managed in the same way as a discretionary good or service;

2018/05/03
Committee: CULT

2018/2005(INI)

Luigi MORGANO, Julie WARD

Draft opinion
Paragraph 2

2. Reiterates its call for the EU to exercise its right to adopt or maintain any measure, including a legally binding general clause (in particular of a regulatory and/or financial nature) with respect to the protection and promotion of cultural and linguistic diversity, media pluralism and media freedom, irrespective of the technology or distribution platform used, in trade negotiations with third countries;,

2018/05/03
Committee: CULT

2018/2005(INI)

Martina MICHELS, Isabella ADINOLFI, Curzio MALTESE, Luigi MORGANO

Draft opinion
Paragraph 2

2. Reiterates its call for the EU to exercise its right to adopt or maintain any measure (in particular of a regulatory and/or financial nature) with respect to the protection and promotion of cultural and linguistic diversity, cultural heritage and media pluralism and media freedom in trade negotiations with third countries;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Paragraph 3

3. Considers that cultural and educational exchanges between the EU and its partners can contribute to mutual sustainable development, growth and the creation of quality jobs, in line with the coInte~~xt of globalisation~~rnational Labour Organisation's Decent Work agenda, including in the co- operative sector;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Paragraph 4

4. Recalls that culture and education policies are key to ensuring resilience, fair distribution of wealth and competitiveness, and can provide the s~~kills~~ocial and transferable skills, such as intercultural skills, entrepreneurship, problem solving, creativity and critical thinking, required to ~~face~~address globalisation;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Paragraph 5

5. Asks the Commission and Member States to promote and develop tailor-made high-quality mobility and scientific cooperation schemes to enable international collaboration and knowledge exchange, whilst also broadening STEM to STEAM;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Paragraph 5 a (new)

5a. Recalls the specific role of culture in external relations and in development policies, in particular for conflict prevention and resolution, peace-building and empowerment of local populations; therefore considers that an ambitious and sound cultural strategy, including cultural diplomacy, is needed to achieve a new consensus on development;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Paragraph 6 a (new)

6a. Recalls that sport is a highly globalised economic activity but also a social tool for inclusion, empowerment and individual and collective development, hence recalls the need to ensure high standards of ethics and transparency in governance of international trade and economic activity in the sports sector;

2018/05/03
Committee: CULT

2018/2005(INI)

Julie WARD, Helga TRÜPEL, Momchil NEKOV, Luigi MORGANO, Silvia COSTA, Krystyna ŁYBACKA

Draft opinion
Paragraph 6 b (new)

6b. Recalls the need to ensure transparency and democracy in trade agreements and decision-making processes, furthermore encourages participation in decision-making processes by citizens whose working conditions, environments, health and well-being will be affected.

2018/05/03
Committee: CULT

2018/0331(COD)

Luigi MORGANO, Silvia COSTA, Giorgos GRAMMATIKAKIS

Proposal for a regulation
Recital 1

(1) This Regulation aims at ensuring the smooth functioning of the digital single market in an open and democratic society, by preventing the misuse of hosting services for terrorist purposes and providing a specific tool for countering such issues and helping to ensure freedom and security for citizens. The functioning of the digital single market should be improved by reinforcing legal certainty for hosting service providers, reinforcing users' trust in the online environment, and by strengthening safeguards to the freedom of expression and information.

2019/02/08
Committee: CULT

2018/0331(COD)

Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Recital 2

(2) Hosting service providers active on the internet play an essential role in the digital economy by connecting business and citizens and by facilitating public debate and the distribution and receipt of information, opinions and ideas, contributing significantly to innovation, economic growth and job creation in the Union. However, their services are in certain cases abused by third parties to carry out illegal activities online, which are a criminal offence under Union law. Of particular concern is the misuse of hosting service providers by terrorist groups and their supporters to disseminate terrorist content online in order to spread their message, to radicalise and recruit and to facilitate and direct terrorist activity.

2019/02/08
Committee: CULT

2018/0331(COD)

Luigi MORGANO, Silvia COSTA, Giorgos GRAMMATIKAKIS

Proposal for a regulation
Recital 3

(3) TWhile not the only factor, the presence of terrorist content online has proven to be crucial in terms of radicalising individuals who have committed terrorist acts within the Union and beyond, which has had very serious negative consequences ~~for users,~~ for citizens and society at large ~~as well as~~, but also for the online service providers hosting such content, since it undermines the trust of their users and damages their business models. IAccordingly, in light of their central role and professional capabilities, in addition to the technological means ~~and capabilities~~ associated with the services they provide, while taking account of the importance of safeguarding the fundamental freedoms of expression and information, online service providers have particular societal responsibilities to protect their services from misuse by terrorists and to help tackle terrorist content disseminated through their services.

2019/02/08
Committee: CULT

2018/0331(COD)

Luigi MORGANO, Silvia COSTA, Giorgos GRAMMATIKAKIS

Proposal for a regulation
Recital 4

(4) Efforts at Union level to counter terrorist content online commenced in 2015 through a framework of voluntary cooperation between Member States and hosting service providers ~~need~~. Unfortunately, that cooperation turned out to be insufficient to counter this phenomenon; Union law therefore needs to be complemented by a clear legislative framework in order to further reduce accessibility to terrorist content online and adequately address a rapidly evolving problem. This legislative framework seeks to build on voluntary efforts, which were reinforced by the Commission Recommendation (EU) 2018/3347 and responds to calls made by the European Parliament to strengthen measures to tackle illegal and harmful content and by the European Council to improve the automatic detection and removal of content that incites to terrorist acts. _________________ 7Commission Recommendation (EU) 2018/334 of 1 March 2018 on measures to effectively tackle illegal content online (OJ L 63, 6.3.2018, p. 50).

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Recital 5

(5) The application of this Regulation should not affect the application of Article 14 of Directive 2000/31/EC8 . In particular, any measures taken by the hosting service provider in compliance with this Regulation, including any proactive measures, should not in themselves lead to that service provider losing the benefit of the liability exemption provided for in that provision, recalling that Article 14 requires service providers to act expeditiously to remove or to disable access to illegal content upon receiving knowledge of illegal activity or information. This Regulation leaves unaffected the powers of national authorities and courts to establish liability of hosting service providers in specific cases where the conditions under Article 14 of Directive 2000/31/EC for liability exemption are not met. _________________ 8 Directive 2000/31/EC of the European Parliament and of the Council of 8 June 2000 on certain legal aspects of information society services, in particular electronic commerce, in the Internal Market ('Directive on electronic commerce') (OJ L 178, 17.7.2000, p. 1).

2019/02/08
Committee: CULT

2018/0331(COD)

Luigi MORGANO, Silvia COSTA, Giorgos GRAMMATIKAKIS

Proposal for a regulation
Recital 7

(7) This Regulation contributes to the protection of public security while establishing appropriate and robust safeguards to ensure protection of the fundamental rights at stake. This includes the rights to respect for private life and to the protection of personal data, the right to effective judicial protection, the right to freedom of expression, including the freedom to receive and impart information, the freedom to conduct a business, and the principle of non-discrimination. Competent authorities and hosting service providers should ~~only~~ adopt exclusively measures which are necessary, appropriate and proportionate within a democratic society, taking into account the particular importance accorded to the freedom of expression and information, which constitutes one of the essential foundations of a pluralist, democratic society, and is one of the values on which the Union is founded. Measures constituting interference in the freedom of expression and information should be strictly targeted, in the sense that they must serve to prevent the dissemination of terrorist content, but without thereby affecting the right to lawfully receive and impart information, taking into account the central role of hosting service providers in facilitating public debate and the distribution and receipt of facts, opinions and ideas in accordance with the law.

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO

Proposal for a regulation
Recital 7

(7) This Regulation contributes to the protection of public security while establishing appropriate and robust safeguards tohat ensure protection of the fundamental rights at stake. This includes the rights to respect for private life and to the protection of personal data, the right to effective judicial protection, the right to freedom of expression, including the freedom to receive and impart information, the freedom to conduct a business, and the principle of non-discrimination. Competent authorities and hosting service providers should only adopt measures which are necessary, appropriate and proportionate within a democratic society, taking into account the particular importance accorded to the freedom of expression and information, which constitutes one of the essential foundations of a pluralist, democratic society, and is one of the values on which the Union is founded. Measures ~~constituting interference i~~potentially impacting on the freedom of expression and information should be strictly targeted, in the sense that they must serve to prevent the dissemination of terrorist content, ~~but without thereby~~and should not affect~~ing~~ the right to lawfully receive and impart information, taking into account the central role of hosting service providers in facilitating public debate and the distribution and receipt of facts, opinions and ideas in accordance with the law.

2019/02/08
Committee: CULT

2018/0331(COD)

Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Recital 9

(9) In order to provide clarity about the actions that both hosting service providers and competent authorities should take to prevent the dissemination of terrorist content online, this Regulation should establish a definition of terrorist content for preventative purposes drawing on the definition of terrorist offences under Directive (EU) 2017/541 of the European Parliament and of the Council9. Given the need to address the most harmful terrorist propaganda online, the definition should capture material and information that incites, encourages or advocates the commission or contribution to terrorist offences, provides instructions for the commission of such offences or promotes the participation in activities of a terrorist group. Such information includes in particular text, images, sound recordings and videos. When assessing whether content constitutes terrorist content within the meaning of this Regulation, competent authorities as well as hosting service providers should take into account factors such as the nature and wording of the statements, the context in which the statements were made and their potential to lead to harmful consequences, thereby affecting the security and safety of persons. The fact that the material was produced by, is attributable to or disseminated on behalf of an EU-listed terrorist organisation or person constitutes an important factor in the assessment. CObviously, content disseminated for educational, journalistic or research purposes should be identified and adequately protected~~. Furthermore~~ and should not be equated with incitement to terrorism unless the dissemination of such content enables it to be used for terrorist purposes; a fair balance will thus be struck between freedom of expression and information and public security requirements. In particular, any decision to remove journalistic content should take account of journalists' codes of self- regulation and ethics, in accordance with Article 11 of the Charter of Fundamental Rights of the European Union. In the interest of consistency, the expression of radical, polemic or controversial views in the public debate on sensitive political questions should not be considered terrorist content. _________________ 9Directive (EU) 2017/541 of the European Parliament and of the Council of 15 March 2017 on combating terrorism and replacing Council Framework Decision 2002/475/JHA and amending Council Decision 2005/671/JHA (OJ L 88, 31.3.2017, p. 6).

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Recital 12

(12) Hosting service providers should apply certain duties of care, in order to prevent and deter the dissemination of terrorist content on their services. These duties of care should not amount to a general monitoring obligation and be without prejudice to Article 15 of Directive 2000/31/EC. Duties of care should include that, when applying this Regulation, hosting services providers act in a diligent, proportionate and non- discriminatory manner in respect of content that they store, in particular when implementing their own terms and conditions, with a view to avoiding removal of content which is not terrorist. The removal or disabling of access has to be undertaken in the observance of freedom of expression and information. Effective and expeditious complaints and redress mechanisms should be available by the hosting service providers in the case of unjustified removals of content.

2019/02/08
Committee: CULT

2018/0331(COD)

Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Recital 13

(13) The procedure and obligations resulting from legal orders requesting hosting service providers to remove terrorist content or disable access to it, following an assessment by the competent authorities, should be harmonised. Member States should remain free as to the choice of the competent authorities allowing them to designate administrative, law enforcement or judicial authorities with that task, by making provision for appropriate procedures to ensure that every decision complies with the definition of terrorist content, for instance by providing for independent supervision. Given the speed at which terrorist content is disseminated across online services, this provision imposes obligations on hosting service providers to ensure that terrorist content identified in the removal order is removed or access to it is disabled within one hour from receiving the removal order. It is for the hosting service providers to decide whether to remove the content in question or disable access to the content for users in the Union.

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Recital 13

(13) The procedure and obligations resulting from legal orders requesting hosting service providers to remove terrorist content -or disable access to it, following an assessment by the competent authorities, should be harmonised. Member States should remain free as to the choice of the competent authorities allowing them to designate administrative, law enforcement or judicial authorities with that task. Given the speed at which terrorist content is disseminated across online services, this provision imposes obligations on hosting service providers to ensure that terrorist content identified in the removal order is removed or access to it is disabled within one hour from receiving the removal order. In case of delays the nature and size of the hosting service providers should be taken into account, particularly in the case of microenterprises or small-sized enterprises. It is for the hosting service providers to decide whether to remove the content in question or disable access to the content for users in the Union.

2019/02/08
Committee: CULT

2018/0331(COD)

Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Recital 16

(16) Given the scale and speed necessary for effectively identifying and removing terrorist content, proportionate proactive measures, including by using automated means in certain cases, are an essential element in tackling terrorist content online. With a view to reducing the accessibility of terrorist content on their services, hosting service providers should assess whether it is appropriate to take proactive measures depending on the risks and level of exposure to terrorist content as well as to the effects on the rights of third parties and the public interest of information. Consequently, hosting service providers should determine what appropriate, effective and proportionate proactive measure should be put in place. This requirement should not imply a general monitoring obligation pursuant to Article 15 of Directive 2000/31/EC and Article 28(b), paragraph 1(c) of Directive (EU) 2018/1808, which requires video- sharing platform providers to take appropriate measures to protect the general public from programmes containing content the dissemination of which constitutes an activity which is a criminal offence under Union law. In the context of this assessment, the absence of removal orders and referrals addressed to a hosting provider, is an indication of a low level of exposure to terrorist content.

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Recital 17

(17) When putting in place proactive measures, hosting service providers should ensure that users’ right to freedom of expression and information - including to freely receive and impart information - is preserved. In addition to any requirement laid down in the law, including the legislation on protection of personal data, hosting service providers should act with due diligence and implement safeguards, including notably human oversight and verifications, where appropriate, to avoid any unintended and erroneous decision leading to removal of content that is not terrorist content. This is of particular relevance when hosting service providers use automated means to detect terrorist content. Any decision to use automated means, whether taken by the hosting service provider itself or pursuant to a request by the competent authority, should be assessed with regard to the reliability of the underlying technology and the ensuing impact on fundamental rights. Hosting service providers should put in place effective and expeditious complaints and redress mechanisms to address cases of unjustified removals of content.

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Recital 18

(18) In order to ensure that hosting service providers exposed to terrorist content take appropriate measures to prevent the misuse of their services, the competent authorities should request hosting service providers having received a removal order, which has become final, to report on the proactive measures taken, as well as on the functioning of the complaints and redress mechanisms. These could consist of measures to prevent the re-upload of terrorist content, removed or access to it disabled as a result of a removal order or referrals they received, checking against publicly or privately-held tools containing known terrorist content. They may also employ the use of reliable technical tools to identify new terrorist content, either using those available on the market or those developed by the hosting service provider. The service provider should report on the specific proactive measures in place in order to allow the competent authority to judge whether the measures are effective and proportionate and whether, if automated means are used, the hosting service provider has the necessary abilities for human oversight and verification. In assessing the effectiveness and proportionality of the measures, competent authorities should take into account relevant parameters including the number of removal orders and referrals issued to the provider, their economic capacity and the impact of its service in disseminating terrorist content (for example, taking into account the number of users in the Union).

2019/02/08
Committee: CULT

2018/0331(COD)

Luigi MORGANO, Silvia COSTA, Giorgos GRAMMATIKAKIS

Proposal for a regulation
Article 1 – paragraph 1 – introductory part

1. This Regulation lays down uniform rules to prevent and counter the misuse of hosting services for the dissemination of terrorist content online. It lays down in particular:

2019/02/08
Committee: CULT

2018/0331(COD)

Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Article 1 – paragraph 1 – point b

(b) a set of measures to be put in place by Member States to identify terrorist content, to enable its swift removal by hosting service providers and to facilitate cooperation with the competent authorities in other Member States, hosting service providers and where appropriate relevant Union bodies, while complying with Union legislation specifying clear safeguards with regard to freedom of expression and information.

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO

Proposal for a regulation
Article 1 – paragraph 1 – point b

(b) a set of measures to be put in place by Member States to identify terrorist content, to enable its swift removal by hosting service providers and to facilitate cooperation with the relevant competent authorities in other Member States, hosting service providers and where appropriate relevant Union bodies.

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Article 3 – paragraph 2

2. Hosting service providers shall include in their terms and conditions, and apply, effective and proportionate provisions to prevent the dissemination of terrorist content.

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Article 6 – paragraph 2 – subparagraph 1 – point a

(a) effectively preventing the re-upload of content which has previously been removed or to which access has been disabled because it is ~~considered to be~~found to contain terrorist content;

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Article 8 – paragraph 3 – point d

(d) overview and ~~outcome of~~assessment of the effectiveness of the complaint ~~proc~~and reduress mechanisms.

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Article 9 – paragraph 1

1. Where hosting service providers use automated tools pursuant to this Regulation in respect of content that they store, they shall provide effective and appropriate safeguards to ensure that decisions taken concerning that content, in particular decisions to remove or disable access to content considered to be terrorist content, are accurate and well-founded.

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Article 10 – title

10 Complaint and redress mechanisms

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO, Silvia COSTA

Proposal for a regulation
Article 10 – paragraph 1

1. Hosting service providers shall establish expeditious, effective and accessible complaints and redress mechanisms allowing content providers whose content has been removed or access to it disabled as a result of a referral pursuant to Article 5 or of proactive measures pursuant to Article 6, to submit a complaint against the action of the hosting service provider requesting reinstatement of the content.

2019/02/08
Committee: CULT

2018/0331(COD)

Giorgos GRAMMATIKAKIS, Luigi MORGANO

Proposal for a regulation
Article 18 – paragraph 3 – point e a (new)

(e a) the nature and size of the hosting service providers, in particular microenterprises or small-sized enterprises, within the meaning of the Commission recommendation 2003/361/EC.

2019/02/08
Committee: CULT

2018/0230(COD)

Silvia COSTA, Luigi MORGANO

Proposal for a regulation
Recital 1

(1) ~~The European Union is built on s~~Solidarity, among ~~its~~EU citizens and among ~~its~~EU Member States, is one of the universal values on which the European Union is built. This common value guides its actions and provides the necessary unity to cope with current and future societal challenges, which young Europeans are willing to help address by expressing their solidarity in practice.

2018/11/07
Committee: CULT

2018/0230(COD)

Silvia COSTA, Luigi MORGANO

Proposal for a regulation
Recital 7

(7) The European Solidarity Corps provides a single entry point for solidarity activities throughout the Union and beyond. Consistency and complementarity should be ensured with other relevant Union policies and programmes. The European Solidarity Corps is built on the strengths and synergies of predecessor and existing programmes, notably the European Voluntary Service19 and the EU Aid Volunteers20. It also complements the efforts made by Member States to support young people and ease their school-to- work transition under the Youth Guarantee by providing them with additional opportunities to make a start on the labour market in the form of traineeships or jobs in solidarity-related areas within their respective Member State or across borders. Complementarity with existing Union level networks pertinent to the activities under the European Solidarity Corps, such as the European Network of Public Employment Services, EURES and the Eurodesk network, are also ensured. Furthermore, complementarity between existing related schemes, in particular national solidarity schemes, as volunteering and civil services and mobility schemes for young people, and the European Solidarity Corps should be ensured, building on good practices where appropriate. The European Solidarity Corps should not substitute national schemes. Access for all young people to national solidarity activities should be granted in all Member States with adequate legal Framework and national resources. _________________ 19 Regulation (EU) No 1288/2013 of the European Parliament and of the Council of 11 December 2013 establishing ‘Erasmus+’: the Union programme for education, training, youth and sport and repealing Decisions No 1719/2006/EC, No 1720/2006/EC and No 1298/2008/EC (OJ L 347, 20.12.2013, p. 50–73). 20 Regulation (EU) No 375/2014 of the European Parliament and of the Council of 3 April 2014 establishing the European Voluntary Humanitarian Aid Corps (‘EU Aid Volunteers initiative’) (OJ L 122, 24.4.2014, p. 1-17).

2018/11/07
Committee: CULT

2018/0230(COD)

Silvia COSTA, Luigi MORGANO

Proposal for a regulation
Recital 10

(10) These activities should have a clear European added value and be to the benefit of communities while also fostering the individual’s personal, educational, social, civic and professional development, which may take the form of volunteering, traineeships and jobs, projects or networking activities, developed in relation to different areas, such as education and training, employment, gender equality, entrepreneurship – in particular social entrepreneurship –, citizenship and democratic participation, intercultural and interreligious dialogue, social inclusion, inclusion of people with disabilities, environment and nature protection, climate action, disaster prevention, preparedness and recovery, agriculture and rural development, provision of food and non- food items, health and wellbeing, c~~reativity and culture~~ulture and creativity, physical education and sport, social assistance and welfare, reception and integration of third-country nationals, in particular asylum seekers and refugees, territorial cooperation and cohesion, and cooperation across borders. Such solidarity activities should include a solid learning and training dimension through relevant activities that can be offered to participants before, during and after the solidarity activity.

2018/11/07
Committee: CULT

2018/0230(COD)

Silvia COSTA, Luigi MORGANO

Proposal for a regulation
Recital 15

(15) Particular attention should be given to ensuring the quality of the activities and other opportunities offered under the European Solidarity Corps, in particular by offering on-line and off-line training, language support, insurance, simplified administrative procedures and pre and post-activity support to participants, also in cooperation with youth and civil society organisations, as well as the validation of the knowledge, skills and competences acquired through their European Solidarity Corps experience. Security and safety of the volunteers remain of paramount importance and volunteers should not be deployed to operations conducted in the theatre of international and non- international armed conflicts.

2018/11/07
Committee: CULT

2018/0230(COD)

Silvia COSTA, Luigi MORGANO

Proposal for a regulation
Recital 18

(18) Any entity willing to participate in the European Solidarity Corps should receive a quality label provided that the appropriate conditions are fulfilled. It shall ensure compliance of the participating organisations with the principles and requirements of the European Solidarity Corps, as regards their rights and responsibilities during all stages of the solidarity experience. Separate quality labels should be put in place for volunteering and for traineeships and jobs to ensure the effective and continuous compliance of participating organisations with the principles and requirements of the European Solidarity Corps. The process that leads to the attribution of a quality label should be carried out on a continuous basis by the implementing bodies of the European Solidarity Corps. The attributed quality label should be reassessed ~~periodical~~regularly and could be revoked if, in the context of the checks to be performed, the conditions that led to its attribution were found to be no longer fulfilled.

2018/11/07
Committee: CULT

2018/0230(COD)

Silvia COSTA, Luigi MORGANO

Proposal for a regulation
Recital 23

(23) The European Solidarity Corps Portal should be continuously developed in order to ensure easy access to the European Solidarity Corps and to provide a one-stop shop for both interested individuals and organisations as regards, inter alia, registration, identification and matching of profiles and opportunities, networking and virtual exchanges, online training, language, pre and post-activity support, feedback and evaluation mechanisms, as well as other useful functionalities, which may arise in the future.

2018/11/07
Committee: CULT

2018/0230(COD)

Silvia COSTA, Luigi MORGANO

Proposal for a regulation
Recital 37

(37) Pursuant to paragraph 22 and 23 of the Interinstitutional agreement for Better Law-Making of 13 April 2016, there is a need to evaluate this Programme on the basis of information collected through specific monitoring requirements, while avoiding overregulation and administrative burdens, in particular on Member States. Such requirements should include specific, measurable ~~and~~, realistic qualitative and quantitative indicators which can be measured over time as a basis for evaluating the effects of the Programme on the ground.

2018/11/07
Committee: CULT

2018/0230(COD)

Silvia COSTA, Luigi MORGANO

Proposal for a regulation
Article 2 – paragraph 1 – point -1 (new)

(-1) “solidarity” means a sense of responsibility on the part of everyone with regard to everyone to commit oneself to the common good to the benefit of a vulnerable person, a community in need or the society as a whole, which is expressed in concrete actions without consideration of return service;

2018/11/07
Committee: CULT

2018/0230(COD)

Silvia COSTA, Luigi MORGANO

Proposal for a regulation
Article 2 – paragraph 1 – point 1

(1) ‘solidarity activity’ means a high- quality temporary activity addressing important societal challenges to the benefit of a community or society as a whole, contributing to the achievement of the objectives of the European Solidarity Corps, which may take the form of volunteering, traineeships, jobs, solidarity projects and networking activities in various fields, including those referred to in paragraph 13, ensuring the European added value and compliance with health and safety regulations. Such activities include a solid learning and training dimension through relevant activities that can be offered to participants before, during and after the solidarity activity;

2018/11/07
Committee: CULT

2018/0230(COD)

Silvia COSTA, Luigi MORGANO

Proposal for a regulation
Article 2 – paragraph 1 – point 5

(5) ‘participating organisation’ means any public or private entity, whether non- profit or profit/making, local, regional, national or international, that has been attributed the European Solidarity Corps quality label, in a host and/or supporting, including sending function, ensuring that this organisation is able to implement the high quality solidarity activities in accordance with the objectives of the European Solidarity Corps. Based on this, participating organisation offers a volunteering, traineeship or job opportunity to a participant or implement and supports their activities in the framework of the European Solidarity Corps;

2018/11/07
Committee: CULT

2018/0230(COD)

Luigi MORGANO, Helga TRÜPEL, Andrea BOCSKOR

Proposal for a regulation
Recital 28

(28) The activities developed under the Programme should aim at eliminating gender inequalities ~~and~~, enhancing family/work life balance, promoting equality between women and men in, as well as ensuring accessibility of researchers with disabilities to, research and innovation, in compliance with Articles 2 and 3 of the Treaty on European Union and Article 8 of the TFEU. The ~~gender~~se dimensions should be adequately integrated in research and innovation content and followed through at all stages of the research cycle.

2018/09/06
Committee: CULT

2018/0224(COD)

Luigi MORGANO, Helga TRÜPEL, Silvia COSTA, Andrea BOCSKOR

(b) cluster 'Inclusive ~~and Secur~~, Educated and Creative Society';

2018/09/06
Committee: CULT

2018/0224(COD)

Luigi MORGANO, Helga TRÜPEL, Silvia COSTA

Proposal for a regulation
Article 6 – paragraph 9

9. The Programme shall ensure the effective promotion of gender equality, inter alia through enabling a better family/work life balance, and the gender dimension in research and innovation content. Particular attention shall be paid to ensuring accessibility and gender balance, subject to the situation in the field of research and innovation concerned, across the various parts of the Programme, and notably in evaluation panels and in bodies such as expert groups.

2018/09/06
Committee: CULT

2018/0224(COD)

Luigi MORGANO, María Teresa GIMÉNEZ BARBAT, Helga TRÜPEL, Silvia COSTA, Andrea BOCSKOR

Proposal for a regulation
Article 9 – paragraph 1

1. The financial envelope for the implementation of the Framework Programme for the period 2021 – 2027 shall be EUR ~~94 1~~120 000 000 000 in c~~urre~~onstant prices for the specific programme referred to in Article 1(3)(a) and, in addition, the amount for the specific programme referred to in Article 1(3)(b), as laid down in Regulation…. establishing the European Defence Fund.

2018/09/06
Committee: CULT

2018/0224(COD)

Luigi MORGANO, María Teresa GIMÉNEZ BARBAT, Helga TRÜPEL, Silvia COSTA, Andrea BOCSKOR

Proposal for a regulation
Article 9 – paragraph 2 – point a – point 2

(2) EUR ~~6 8~~11 300 000 000 for Marie Skłodowska-Curie Actions;

2018/09/06
Committee: CULT

2018/0224(COD)

Luigi MORGANO, María Teresa GIMÉNEZ BARBAT, Helga TRÜPEL, Silvia COSTA, Andrea BOCSKOR

Proposal for a regulation
Article 9 – paragraph 2 – point a – point 3

(3) EUR ~~2 4~~3 900 000 000 for research infrastructures;

2018/09/06
Committee: CULT

2018/0224(COD)

Luigi MORGANO, María Teresa GIMÉNEZ BARBAT, Helga TRÜPEL, Silvia COSTA, Andrea BOCSKOR

Proposal for a regulation
Article 9 – paragraph 2 – point b – point 2

(2) EUR ~~2 8~~3 300 000 000 for cluster 'Inclusive ~~and Secur~~, Educated and Creative Society';

2018/09/06
Committee: CULT

2018/0224(COD)

Luigi MORGANO, María Teresa GIMÉNEZ BARBAT, Helga TRÜPEL, Silvia COSTA

Proposal for a regulation
Annex I – point 2 – paragraph 4 – point b – introductory part

(b) Cluster 'Inclusive ~~and secur~~Educated and Creative sSociety': Strengthening European democratic values, including rule of law and fundamental rights, safeguarding our cultural heritage, and promoting socio- economic transformations that contribute to inclusion and growth, while responding to the challenges arising from persistent security threats, including cybercrime, as well as natural and man-made disastersupporting in particular research and innovation activities for the development of ICT technologies for the preservation and digitisation of tangible and intangible cultural heritage as well, exploring the potential of cultural and creative sectors and promoting socio- economic transformations that contribute to inclusion and growth, including migration management and integration of migrants.

2018/09/06
Committee: CULT

2018/0224(COD)

Luigi MORGANO, María Teresa GIMÉNEZ BARBAT, Helga TRÜPEL, Silvia COSTA, Andrea BOCSKOR

Proposal for a regulation
Annex I – point 2 – paragraph 4 – point b – paragraph 1

Areas of intervention: Democracy; Cultural heritage; Social and economic transformations; ~~Disaster-resilient societies; Protection and Security; Cybersecurity~~Cultural and creative industries and sectors; Accessibility for persons with disabilities to all products and services (including education, cultural goods and services, tangible and intangible cultural heritage)

2018/09/06
Committee: CULT

2018/0224(COD)

Luigi MORGANO, Helga TRÜPEL, Silvia COSTA, Andrea BOCSKOR, Dominique BILDE

Proposal for a regulation
Annex I – point 2 – paragraph 4 – point c – paragraph 1

Areas of intervention: Manufacturing technologies; Digital technologies; Cultural and Creative industries - e.g. Augmented reality/Virtual reality, immersive environments, human computer interfaces, Internet Protocol and Cloud infrastructures, 5G, new media; Management of copyright and other intellectual property; Advanced materials; Artificial intelligence and robotics; Next generation internet; High performance computing and Big Data; Circular industries; Low carbon and clean industry; Space

2018/09/06
Committee: CULT

2018/0224(COD)

Christian EHLER, Sabine VERHEYEN, Luigi MORGANO

Proposal for a regulation
Article 9 – paragraph 3 a (new)

3a. 45% of the Inclusive and Creative Society cluster will support cultural and creative industries, including EU’s cultural heritage.

2018/09/11
Committee: ITRE

2018/0224(COD)

Christian EHLER, Sabine VERHEYEN, Luigi MORGANO, Helga TRÜPEL

Proposal for a regulation
Article 9 – paragraph 3 b (new)

3b. An amount of €500 million will be earmarked for the creation of a European Cultural Heritage Cloud, as detailed in the Specific Programme.

2018/09/11
Committee: ITRE

2018/0212(COD)

Manuel dos SANTOS, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL, Agnes JONGERIUS, Roberto GUALTIERI, Luigi MORGANO

Proposal for a regulation
Recital 8

(8) In particular, in order to support Member States whose currency is the euro to respond better to rapidly changing economic circumstances and stabilise their economy by preserving public investment and financing national unemployment schemes in the event of large asymmetric or symmetric shocks, a European ~~Investment Stabilisation Function (EISF~~Protection Scheme (EPS) should be established.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Recital 9

(9) E~~ISF~~PS should not only benefit Member States whose currency is the euro but also other Member States that participate in the exchange rate mechanism (ERM II).

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Manuel dos SANTOS, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Recital 10

(10) E~~ISF~~PS should be a Union instrument which complements national fiscal policies~~. It should be recalled that Member States should pursue sound fiscal policies and build up fiscal buffers in favourable economic times.~~

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Recital 11

(11) At Union level, the European Semester of economic policy coordination is the framework to identify national reform priorities and monitor their implementation. Member States develop their own national multiannual investment strategies in support of those reform priorities. Those strategies should be presented alongside the yearly National Reform Programmes as a way to outline and coordinate priority investment projects to be supported by national and/or Union funding. They should also serve to use Union funding in a coherent manner and to maximise the added value of the financial support to be received notably from the programmes supported by the Union under the European Regional Development Fund, the Cohesion fund, the European Social Fund, the European Maritime and Fisheries Fund and the European Agricultural Fund for Rural Development,, the E~~ISF~~PS and InvestEU, where relevant.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Luigi MORGANO

Proposal for a regulation
Recital 12

(12) The European Stability Mechanism (ESM) or its legal successor could provide further support in addition to support under E~~ISF~~PS.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Recital 13

(13) E~~ISF~~PS support should be given in case one or several Member States whose currency is the euro or other Member States that participate in the exchange rate mechanism (ERM II) are confronted with a large asymmetric shock. Changes in unemployment rates are highly correlated with business cycle fluctuations in such Member States. Strong increases in national unemployment rates above their long-term averages are a clear indicator of a large shock in a specific Member State. Asymmetric shocks affect one or several Member States significantly more strongly than the average of Member States.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Recital 16

(16) Member States whose currency is the euro which benefit from financial assistance by the ESM, the European Financial Stabilisation Mechanism (EFSM) or the International Monetary Fund (IMF) and which are under a macro-economic adjustment programme within the meaning of Article 7(2) of Regulation (EU) No 472/2013 of the European Parliament and of the Council12 should not benefit from E~~ISF~~PS support since their financing needs including for maintaining public investment are addressed via the financial assistance granted. _________________ 12 Regulation (EU) No 472/2013 of the European Parliament and of the Council of 21 May 2013 on the strengthening of economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulties with respect to their financial stability, (OJ L 140, 27.5.2013, p. 1).

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO, Roberto GUALTIERI

Proposal for a regulation
Recital 17

(17) Member States with a derogation which benefit from balance of payments support within the meaning of point (a) of Article 3(2) of Council Regulation (EC) No 332/200213 should not benefit from E~~ISF~~PS support since their financing needs including for maintaining public investment are addressed via the medium- term financial assistance facility granted. _________________ 13 Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States' balance of payments (OJ L 53, 23.2.2002, p.1).

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Roberto GUALTIERI, Luigi MORGANO

Proposal for a regulation
Recital 18

(18) E~~ISF~~PS support should take the form of loans to the Member States concerned. That instrument would provide them with financing to continue executing public investment and support national unemployment scheme.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Recital 20

(20) With a view to swiftly provide E~~ISF~~PS support, the competence for granting the loans when the eligibility and activation criteria are fulfilled and deciding on granting interest rate subsidies should be entrusted to the Commission.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Recital 21

(21) Member States should invest the support received under E~~ISF~~PS in eligible public investment and also maintain the level of public investment in general compared to the average level of public investment over the five last years in order to ensure that the objective pursued by this Regulation is achieved. In that respect, there is the expectation that Member States should give priority to maintaining eligible investment in programmes supported by the Union under the European Regional Development Fund, the Cohesion fund, the European Social Fund, the European Maritime and Fisheries Fund and the European Agricultural Fund for Rural Development..

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Recital 23

(23) The maximum level of eligible public investment that could be supported by E~~ISF~~PS loan for a Member State should be automatically set on the basis of a formula which captures the ratio of public eligible investment to gross domestic product (GDP) in the Union over a period of five years before the Member State concerned requests a loan and its GDP over the same period. The maximum level of eligible public investment should also be scaled by means of scaling factor (α) towards the fixed ceiling in the Union budget. That factor is determined such that with hindsight of the recent crisis, all the E~~ISF~~PS support could have been provided to the Member States concerned, had the mechanism been in place.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Recital 24

(24) The amount of E~~ISF~~PS loan should also be automatically determined on the basis of a formula which firstly takes into account the maximum level of eligible public investment that can be supported under E~~ISF~~PS and secondly the severity of the large asymmetric shock. The support determined on the basis of that formula should also be scaled in function of the severity of the shock by means of a factor (β). That factor is determined such that for a shock that increases unemployment by more than 2.5 percentage points, the maximum support is made available to the Member State concerned. An E~~ISF~~PS loan could be increased up to the maximum level of eligible public investment in case the asymmetric shock is particularly severe as reflected by other indicators of the Member State's position in the economic cycle (e.g. confidence surveys) and a deeper analysis of the macroeconomic situation (as conducted in particular in the context of the macroeconomic forecast and the European Semester). With a view to ensure that as many Member States as possible could qualify for support under E~~ISF~~PS, the loan to a Member State should not exceed 30 percent of the remaining available means under the ceiling set for calibrating the loans under E~~ISF~~PS to the available means in the Union budget.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Recital 25

(25) The amount of E~~ISF~~PS interest rate subsidies should be determined as a percentage of the interest rate costs incurred by the Member State on the loan granted under the E~~ISF~~PS.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO, Roberto GUALTIERI

Proposal for a regulation
Recital 30

(30) In order to increase the impact of public investment and potential E~~ISF~~PS support the quality of Member States' public investment systems and practices should be ensured and where appropriate strengthened. An assessment by the Commission should be carried out regularly and take the form of a report and if warranted contain recommendations to improve the quality of public investment systems and practices in Member States. A Member State could request technical assistance from Commission. The latter could undertake technical missions.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Roberto GUALTIERI, Luigi MORGANO

Proposal for a regulation
Recital 33

(33) E~~ISF~~PS should be considered as a first step in the development over time of a fully-fledged insurance mechanism to cater for macro-economic stabilisation. Currently, E~~ISF~~PS would be based on loans and granting of interest rate subsidies. In parallel, ~~it is not excluded that~~ the ESM or its legal successor wshould ~~be involved~~ in the future become the backstop for the EPS by providing financial assistance to Member States whose currency is the euro facing adverse economic conditions in support of public investment. Moreover, a ~~voluntary~~n insurance mechanism with a borrowing capacity based on ~~voluntary~~ contributions by Member States cshould be set up in the future to provide for a powerful instrument for the purpose of macro-economic stabilisation against asymmetric and symmetric shocks.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Roberto GUALTIERI, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Article 1 – paragraph 1

1. This Regulation establishes a European Investment and Employment Stabilisation Function ~~(EISF).~~: the European Protection Scheme (EPS)

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Article 1 – paragraph 2

2. The E~~ISF~~PS shall provide swift financial assistance ~~in the form of loans and interest rate subsidies for public investment~~for public investment and national unemployment schemes to a Member State which is experiencing a large symmetric or asymmetric shock.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Article 1 – paragraph 3

3. E~~ISF~~PS support shall be available for Member States whose currency is the euro and for other Member States that participate in the exchange rate mechanism referred to in Article 140(1) of the Treaty on the Functioning of the European Union.

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Article 2 – paragraph 1 – point 4

(4) 'E~~ISF~~PS support' means Union financial assistance within the meaning of Article [220] of the Financial Regulation in the form of loans and interest rate subsidies under the E~~ISF~~PS in support of eligible public investment;

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Article 3 – paragraph 1 – introductory part

1. A Member State shall be eligible for E~~ISF~~PS support where it is not subject to:

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Eider GARDIAZABAL RUBIAL, Jonás FERNÁNDEZ, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Article 3 – paragraph 1 – point a

(a) a decision of the Council establishing that no effective action has been taken to correct its excessive deficit under Article 126(8) or Article 126(11) of the Treaty on the Functioning of the European Union in the two years prior to requesting support from the E~~ISF~~PS;

2018/11/09
Committee: BUDG ECON

2018/0212(COD)

Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL, Agnes JONGERIUS, Luigi MORGANO

Proposal for a regulation
Article 3 – paragraph 1 – point b

(b) a decision of the Council in accordance with Article 6(2) or Article 10 of Council Regulation (EU) No 1466/9719 establishing that no effective action has been taken to address the observed significant deviation in the two years prior to requesting support from the E~~ISF~~PS; _________________ 19 Council Regulation (EC) No 1466/97 of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies OJ L 209, 2.8.1997, p. 1