1252 Amendments of Siegfried MUREŞAN
Amendment 8 #
2024/0028(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) Subject to an assessment by the Commission carried out in the context of the regular monitoring of the impact of this Regulation and launched either following a duly substantiated request from a Member State or on the Commission’s own initiative, it is necessary to provide for the possibility to take any necessary measures for imports of any products falling under the scope of this Regulation which are adversely affecting the Union market or the market of one or several Member States for like or directly competing products. There is a particularly precarious situation in the markets for cereals, oilseeds, poultry, eggs, and sugar and honey and that may harm Union agricultural producers if imports from Ukraine were to increase. It is appropriate to introduce an automatic safeguard for cereals, oilseeds, eggs, poultry, and sugar and honey products that is activated if quantities imported pursuant to this Regulation exceed the arithmetic mean of quantities in 2021, 2022 and 2023.
Amendment 18 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 1– subparagraph 1
Article 4 – paragraph 1– subparagraph 1
1. If a product covered by Article 1(1) or any other product originating in Ukraine is imported under conditions which adversely affect the Union market or the market of one or several Member States for like or directly competing products, the Commission may impose any measure which is necessary by means of an implementing act. That implementing act shall be adopted in accordance with the examination procedure referred to in Article 5(3).
Amendment 24 #
2024/0028(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) Subject to an assessment by the Commission carried out in the context of the regular monitoring of the impact of this Regulation and launched either following a duly substantiated request from a Member State or on the Commission’s own initiative, it is necessary to provide for the possibility to take any necessary measures for imports of any products falling under the scope of this Regulation which are adversely affecting the Union market or the market of one or several Member States for like or directly competing products. There is a particularly precarious situation in the markets for cereals, oilseeds, poultry, eggs, and sugar and honey that may harm Union agricultural producers if imports from Ukraine were to increase. It is appropriate to introduce an automatic safeguard for cereals, oilseeds, eggs, poultry, and sugar and honey products that is activated if quantities imported pursuant to this Regulation exceed the arithmetic mean of quantities in 2021, 2022 and 2023.
Amendment 26 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 7 – subparagraph 1 – introductory part
Article 4 – paragraph 7 – subparagraph 1 – introductory part
7. If, during the period 6 June to 31 December 2024, cumulative import volumes of either common wheat, wheat flours, and pellets; barley, barley flour and pellets; oats; maize, maize flour and pellets; barley groats and meal; cereal grains otherwise worked; sunflower seeds, oil and meals; rapeseed seeds, oil and meal; honey; eggs, poultry or sugar since 1 January 2024 reach the respective arithmetic mean of import volumes recorded in 2021, 2022 and 2023, the Commission shall, within 210 days and after informing the Committee on Safeguards established by Article 3(1) of Regulation (EU) 2015/478:
Amendment 31 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 7 – subparagraph 1 – point a
Article 4 – paragraph 7 – subparagraph 1 – point a
(a) reintroduce for that product the corresponding tariff-rate quota suspended by Article 1(1), point b, until 31 December 2024 or in the case of sunflower seeds, oil and meals; rapeseed seeds, oil and meal; introduce a new tariff-rate quota based on the respective arithmetic mean of import volumes recorded in 2021, 2022 and 2023, until 31 December 2024; and
Amendment 33 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 7 – subparagraph 1 – point b
Article 4 – paragraph 7 – subparagraph 1 – point b
(b) introduce from 1 January 2025 either a tariff-rate quota equal to five twelfths of that arithmetic mean or the corresponding tariff-rate quota suspended by Article 1(1), point b, whichever is highlower.
Amendment 39 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 7 – subparagraph 2
Article 4 – paragraph 7 – subparagraph 2
If, during the period 1 January to 5 June 2025, cumulative import volumes of either common wheat, flours, and pellets; barley, flour and pellets; oats; maize, flour and pellets; barley groats and meal; cereal grains otherwise worked; sunflower seeds, oil and meals; rapeseed seeds, oil and meal; honey; eggs, poultry or sugar for the period since 1 January 2025 reach five twelfths of the respective arithmetic mean of import volumes recorded 2021, 2022 and 2023, the Commission shall, within 210 days and after informing the Committee on Safeguards, reintroduce for that product the corresponding tariff-rate quota suspended by Article 1(1), point b or in the case of sunflower seeds, oil and meals; rapeseed seeds, oil and meal; introduce a new tariff-rate quota based on the respective arithmetic mean of import volumes recorded in 2021, 2022 and 2023.
Amendment 45 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 7 – subparagraph 3
Article 4 – paragraph 7 – subparagraph 3
For the purposes of this paragraph, the terms eggs, poultry and sugar refer to all products covered by the tariff-rate quotas in the Appendix to Annex I-A of the Association Agreement for, respectivelcommon wheat, flours, and pellet ; barley, flour and pellets; oats; maize, flour and pellets; barley groats and meal; cereal grains otherwise worked; sunflower seeds, oil and meals; rapeseed seeds, oil and meal; honey; eggs, poultry and sugar refer to all products covered by the tariff-rate quotas in the Appendix to Annex I-A of the Association Agreement for, respectively, common wheat, wheat flours, and pellets; barley, barley flour and pellets; oats ; maize, maize flour and pellets; barley groats and meal; cereal grains otherwise worked; sunflower seeds, oil and meals; rapeseed seeds, oil and meal; honey, eggs and albumins, poultry meat and poultry meat preparations, and sugars, and the arithmetic mean shall be calculated by dividing the sum of import volumes in 2021, 2022 and 2023 by twohree.
Amendment 46 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 1 – subparagraph 1
Article 4 – paragraph 1 – subparagraph 1
If a product covered by Article 1(1) or any other product originating in Ukraine is imported under conditions which adversely affect the Union market or the market of one or several Member States for like or directly competing products, the Commission may impose any measure which is necessary by means of an implementing act. That implementing act shall be adopted in accordance with the examination procedure referred to in Article 5(3).
Amendment 48 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 8 a (new)
Article 4 – paragraph 8 a (new)
8 a. If a product covered by Article 1(1) originating in Ukraine is imported in the EU or transit by the EU, the destination for all consignments of that product should be determined prior to entry into the EU by Ukrainian authorities. Furthermore, Ukrainian authorities should provide to the European Commission the necessary documentation certifying that those consignments reached their destination.
Amendment 60 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 7 – subparagraph 1 – introductory part
Article 4 – paragraph 7 – subparagraph 1 – introductory part
If, during the period 6 June to 31 December 2024, cumulative import volumes of either eggs, poultry orcommon wheat, wheat flours, and pellets ; barley, barley flour and pellets ; oats ; maize, maize flour and pellets ; barley groats and meal; cereal grains otherwise worked ; sunflower seeds, oil and meals; rapeseed seeds, oil and meal; honey; eggs, poultry, sugar since 1 January 2024 reach the respective arithmetic mean of import volumes recorded in 2022 and1, 2022, 2023, the Commission shall, within 210 days and after informing the Committee on Safeguards established by Article 3(1) of Regulation (EU) 2015/478:
Amendment 77 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 7 – subparagraph 1 – point a
Article 4 – paragraph 7 – subparagraph 1 – point a
(a) reintroduce for that product the corresponding tariff-rate quota suspended by Article 1(1), point b, until 31 December 2024 or in the case of sunflower seeds, oil and meals; rapeseed seeds, oil and meal; introduce a new tariff-rate quota based on the respective arithmetic mean of import volumes recorded in 2021, 2022 and 2023, until 31 December 2024; and
Amendment 83 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 7 – subparagraph 1 – point b
Article 4 – paragraph 7 – subparagraph 1 – point b
(b) introduce from 1 January 2025 either a tariff-rate quota equal to five twelfths of that arithmetic mean or the corresponding tariff-rate quota suspended by Article 1(1), point b, whichever is highlower.
Amendment 89 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 7 – subparagraph 2
Article 4 – paragraph 7 – subparagraph 2
If, during the period 1 January to 5 June 2025, cumulative import volumes of either eggs, poultry orcommon wheat, flours, and pellets ; barley, flour and pellets ; oats ; maize, flour and pellets ; barley groats and meal; cereal grains otherwise worked ; sunflower seeds, oil and meals; rapeseed seeds, oil and meal; honey; eggs, poultry, sugar for the period since 1 January 2025 reach five twelfths of the respective arithmetic mean of import volumes recorded 2021, 2022 and 2023, the Commission shall, within 210 days and after informing the Committee on Safeguards, reintroduce for that product the corresponding tariff-rate quota suspended by Article 1(1) or in the case of sunflower seeds, oil and meals; rapeseed seeds, oil and meal; introduce a new tariff-rate quota based on the respective arithmetic mean of import volumes recorded in 2021, 2022 and 2023, point b.
Amendment 104 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 7 – subparagraph 3
Article 4 – paragraph 7 – subparagraph 3
For the purposes of this paragraph, the terms eggs, poultry andcommon wheat, flours, and pellets ; barley, flour and pellets ; oats ; maize, flour and pellets ; barley groats and meal; cereal grains otherwise worked ; sunflower seeds, oil and meals; rapeseed seeds, oil and meal; honey; eggs, poultry, sugar, refer to all products covered by the tariff-rate quotas in the Appendix to Annex I-A of the Association Agreement for, respectively, common wheat, wheat flours, and pellets ; barley, barley flour and pellets ; oats ; maize, maize flour and pellets ; barley groats and meal; cereal grains otherwise worked ; sunflower seeds, oil and meals; rapeseed seeds, oil and meal; honey, eggs and albumins, poultry meat and poultry meat preparations, and sugars, and the arithmetic mean shall be calculated by dividing the sum of import volumes in 2021, 2022 and 2023 by twohree.
Amendment 123 #
2024/0028(COD)
Proposal for a regulation
Article 4 – paragraph 8 a (new)
Article 4 – paragraph 8 a (new)
8 a. If a product covered by Article 1(1) originating in Ukraine is imported in the EU or transit by the EU, the destination for all consignments of that product should be determined prior to entry into the EU by Ukrainian authorities. Furthermore, Ukrainian authorities should provide to the European Commission the necessary documentation certifying that those consignments reached their destination.
Amendment 56 #
2023/0201R(APP)
Motion for a resolution
Paragraph 19a (new)
Paragraph 19a (new)
19a. Calls on the Commission to provide an increased annual bilateral envelope for Moldova until the end of the current MFF given the wide social and economic impact of the war in Ukraine; at the same time stressing the need to start preparing Moldova for efficient use of the future pre-accession funds as a newly EU candidate country;
Amendment 95 #
2023/0200(COD)
Proposal for a regulation
Recital 15
Recital 15
(15) In this regard, Union support under the Facility should replace the bilateral support provided under the Neighbourhood, Development and International Cooperation Instrument – Global Europe (NDICI) established under Regulation (EU) 2021/947 of the European Parliament and of the Council. All NDICI bilateral support formerly programmed for Ukraine should be used for other candidate countries neighbouring the war in Ukraine. It is nevertheless important to ensure that Ukraine can continue to benefit from regional, thematic, rapid response, and other forms of support under NDICI, including cross-border cooperation programmes, and more generally continue to advance regional, macro-regional and cross-border cooperation and territorial development, including through the implementation of Union macro-regional strategies.
Amendment 78 #
2022/2172(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Acknowledges with regret that any prospectsCalls on the participating Member States to reach an agreement for the introduction of a financial transaction tax under enhanced cooperation have faded away in the course of recent years; insists, nevertheless, that the financial sector be encompasbased on the existing Commission proposal; recalls its report of 13 November 2020 which asked for the introduction of new own resources, among which the one with the highest potential revenue was “a financial transaction tax (FTT), which, based byon the corporate or single market-based own resource initiative, ideally within the BEFIT contextiginal Commission proposal from 2012 and taking into account Brexit and economic growth, could raise up to EUR 57 billion per year”;
Amendment 269 #
2022/2046(INI)
Motion for a resolution
Paragraph 35
Paragraph 35
35. Insists that, beyond a reinforcement of the existing special instruments, it is necessary to establish a permanenhat the EU Budget fiscal capac equipped wityh and common crisis instrument as an additional special instrument over and above the MFF ceilings so that the EU budgell necessary tools so that it can better adapt and quickly react to crises and their social and economic effects;
Amendment 5 #
2022/0179(NLE)
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas the Rapporteur visited Croatia to assess the readiness of the country to enter the euro area;
Amendment 49 #
2022/0164(COD)
Proposal for a regulation
Recital 5
Recital 5
(5) To maximise the scope of the Union’s response, all Member States submitting a recovery and resilience plan after the entry into force of this Regulation should be required to include a REPowerEU chapter in their plan. Such amended plans, should be submitted at the latest by [two months after the entry into force of this amended Regulation]. This requirement should apply, in particular, to revised plans submitted by Member States from 30 June 2022 to take into account the updated maximum financial contribution. The Commission should evaluate the amended plans in maximum one month from their official submission.
Amendment 56 #
2022/0164(COD)
Proposal for a regulation
Recital 6
Recital 6
(6) The REPowerEU chapter should include new reforms and investments contributing to the REPowerEU aims, as well as to providing a comprehensive response to the effects of the crisis stemming from the Russian military aggression against Ukraine. Furthermore, that chapter should contain an outline of other measures, financed from sources other than the Recovery and Resilience Facility, contributing to the energy-related objectives outlined in recital (3). The outline should cover measures whose implementation should take place between 1 February 2022 to 31 December 2026, the period during which the objectives set by this Regulation are to be achieved. As regards natural gas infrastructure, the investments and reforms of the REPowerEU chapters to diversify supply away from Russia should build on the needs currently identified through the assessment conducted and agreed by the European Network of Transmission System Operators for Gas (ENTSOG), established in the spirit of solidarity as regards security of supply and take into account the reinforced preparedness measures taken to adapt to new geopolitical threats. Finally, the REPowerEU chapters should provide an explanation and a quantification of the effects of the combination of the reforms and investments financed by the Recovery and Resilience Facility and the other measures financed by other sources than the Recovery and Resilience Facility.
Amendment 69 #
2022/0164(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) An effective transition towards green energy and a reduction of energy dependency involves significant digital investments. In light of Regulation (EU) 2021/241, Member States should provide an explanation of how the measures in the recovery and resilience plan, including those included in the REPowerEU chapter, are expected to contribute to the digital transition or the challenges resulting therefrom and whetherhow they account for an amount contributing to the digital target based on the methodology for digital tagging. However, given the unprecedented urgency and importance of energy challenges faced by the Union, reforms and investments included in the REPowerEU chapter should not be taken into account when calculatGiven the specific nature of measures included in the REPowerEU chapter, the digital tagging methodology should be adapted exclusively for the measures included ing the plan’s total allocation for the purpose of applying the digital target requirement set by Regulation (EU) 2021/241se chapters to facilitate reaching the digital target.
Amendment 73 #
2022/0164(COD)
Proposal for a regulation
Recital 12
Recital 12
(12) Pursuant to Article 18(4) point (q) of Regulation (EU) 2021/241, the Member States should also provide a summary of the mandatory consultation process of local and regional authorities and other relevant stakeholders, including, as relevant, from the agricultural sector, for reforms and investments included in the REPowerEU chapter. Such summaries should explain the outcome of those consultations and outline how the input received was reflected in REPowerEU chapters. The Commission should evaluate if these consultations ensure that all relevant stakeholders are given effective opportunities to participate in the preparation and the implementation of the recovery and resilience plans.
Amendment 86 #
2022/0164(COD)
Proposal for a regulation
Recital 13 a (new)
Recital 13 a (new)
(13 a) Cross-border and multi country projects, particularly those in the field of energy have an important contribution to the achievement of the REPowerEU objectives. It is for this reason that the REPowerEU chapters should contain measures allocating at least 50% of the financial allocation for these chapters to cross-border or multi country projects.
Amendment 91 #
2022/0164(COD)
Proposal for a regulation
Recital 14
Recital 14
(14) Further incentives should be provided for Member States to request loans, through the clarification of the loan allocation procedure. In accordance with Regulation (EU) 2021/241, Member States may request loans until 31 August 2023. An intention to submit a loan request should be communicated to the Commission 30 days after the entry into force of this Regulation so that the redistribution of the remaining funds can be conducted in an orderly manner and for the Member State to be able to request such support at a later stage.
Amendment 96 #
2022/0164(COD)
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15 a) The Commission adopted a proposal for a Council regulation on an emergency intervention to address high energy prices that includes a solidarity contribution for the fossil industry applicable in all Member States. A proportion of the revenue generated by this new contribution could be made available in the form of external assigned revenue for the benefit of the REPowerEU Chapters.
Amendment 116 #
2022/0164(COD)
Proposal for a regulation
Recital 20 a (new)
Recital 20 a (new)
(20 a) To ensure that the financial support is frontloaded to better respond to the current energy crisis, upon request of a Member State to be submitted together with the REPowerEU chapter in a revised recovery and resilience plan, an amount of up to20% of the additional funding required to finance its REPowerEU chapter can be paid in the form of a pre- financing within, to the extent possible and subject to availability of funds, two months after the adoption by the Commission of the legal commitments.
Amendment 117 #
2022/0164(COD)
Proposal for a regulation
Recital 20 a (new)
Recital 20 a (new)
Amendment 133 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 1 a (new)
Article 1 – paragraph 1 – point 1 a (new)
Regulation (EU) 2021/241
Article 13 a (new)
Article 13 a (new)
(1 a) The following Article is inserted: Article 13 a REPowerEU pre-financing 1. The recovery and resilience plan containing a REPowerEU chapter may be accompanied by a request for pre- financing. Subject to the adoption by the Council of the implementing decision referred to in Articles 20(1) and 21(2) by 31 December 2023, the Commission shall make a pre-financing payment of an amount of up to 20% of the additional funding requested to finance its REPowerEU chapter, under Article12, Article 14, Article 21a and Article 21b.
Amendment 135 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point c
Article 1 – paragraph 1 – point 2 – point c
Regulation (EU) 2021/241
Article 14 – Paragraph 6
Article 14 – Paragraph 6
6. By derogation from paragraph 5, subject to the availability of resources, in exceptional circumstances the amount of the loan support may be increased, considering the needs of the requesting Member State, as well as requests for loan support already submitted or planned to be submitted by other Member States, while applying the principles of equal treatment, solidarity, proportionality and transparency. To facilitate the application of these principles, Member States shall communicate to the Commission within 30 days after [the entry into force of this amending Regulation], whether they intend to request loan support.will submit requests for loan support. The communication of such intention will constitute a binding commitment of the Member State to request the respective amounts. Only Member States that have informed the Commission of their intention to request any available loan support may subsequently submit such requests.’
Amendment 140 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2 a (new)
Article 1 – paragraph 1 – point 2 a (new)
Regulation (EU) 2021/241
Article 18 – paragraph 4 – point f
Article 18 – paragraph 4 – point f
(2 a) Article 18 (4) point f is the replaced by the following "(f)an explanation of how the measures in the recovery and resilience plan are expected to contribute to the digital transition or to the challenges resulting therefrom, and whether they account for an amount which represents at least 20 % of the recovery and resilience plan’s total allocation, based on the methodology for digital tagging set out in Annex VII; that methodology shall be used accordingly for measures that cannot be directly assigned to an intervention field listed in Annex VII, with the exception of new measures included in the REPowerEU chapters, for which the Commission may use new intervention fields and coefficients; the coefficients for support for the digital objectives may be increased for individual investments to take account of accompanying reform measures that increase their impact on the digital objectives; (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32021R0241) " Or. en
Amendment 141 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2 b (new)
Article 1 – paragraph 1 – point 2 b (new)
Regulation (EU) 2021/241
Article 18 – paragraph 4 – point h
Article 18 – paragraph 4 – point h
(2 b) Article 18 (4) point h is replaced by the following "(h)an indication of whether the measures included in the recovery and resilience plan comprise cross-border or multi-country projects; and if the REPowerEU chapters allocate at least 50% of the total financial allocation of the chapter to cross-border or multi country projects; an explanation of how the included cross-border and/or multi country projects contribute to the objectives outlined in Article 21c (1); " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32021R0241)
Amendment 151 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EU) 2021/241
Article 18 – paragraph 4 – point q
Article 18 – paragraph 4 – point q
(q) for the preparation and, where available, for the implementation of the recovery and resilience plan, a summary of the consultation process, which shall be mandatory and conducted in accordance with the national legal framework, of national parliaments, local and regional authorities, social partners, civil society organisations, youth organisations and other relevant stakeholders, and how the input of the stakeholders is reflected in the recovery and resilience plan; in particular, the summary of the consultation process shall explain the outcome of the consultations with local and regional authorities and other relevant stakeholders on reforms and investments included in the REPowerEU chapter and outline how the input received was reflected in the REPowerEU chapter;
Amendment 158 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
(f) whether the recovery and resilience plan contains measures that effectively contribute to the digital transition or to addressing the challenges resulting therefrom, and whether they account for an amount which represents at least 20 % of the recovery and resilience plan’s total allocation, based on the methodology for digital tagging set out in Annex VII with the exception of new measures included in the REPowerEU chapters, for which the Commission may use new intervention fields and coefficients; that methodology shall be used accordingly for measures that cannot be directly assigned to an intervention field listed in Annex VII; the coefficients for support for the digital objectives may be increased for individual investments to take account of accompanying reform measures that increase their impact on the digital objectives; (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32021R0241)Or. en
Amendment 159 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Regulation (EU) 2021/241
Article 19 – paragraph 3 – point fa (new)
Article 19 – paragraph 3 – point fa (new)
Amendment 162 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Regulation (EU) 2021/241
Article 19 – paragraph 3 – point ka (new)
Article 19 – paragraph 3 – point ka (new)
(ka) whether the consultations held for the preparation of the recovery and resilience plan ensure that all relevant stakeholders are given effective opportunities to participate in the preparation and the implementation of the recovery and resilience plans;
Amendment 164 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4 a (new)
Article 1 – paragraph 1 – point 4 a (new)
Regulation (EU) 2021/241
Article 20 – paragraph 6
Article 20 – paragraph 6
(4 a) In Article 20 (6) the following sentence is inserted: "6. The arrangements and timetable for monitoring and implementation as referred to in point (e) of paragraph 5, the relevant indicators relating to the fulfilment of the envisaged milestones and targets referred to in point (f) of paragraph 5, the arrangements for providing full access by the Commission to the underlying data referred to in point (g) of paragraph 5, and, where appropriate, the additional milestones and targets related to the payment of the loan referred to in point (h) of paragraph 5 shall be further specified in operational arrangements to be agreed by the Member State concerned and the Commission after the adoption of the decision referred to in paragraph 1. (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32021R0241)The operational arrangements shall be concluded at the latest one month after the decision referred to in paragraph 1. " Or. en
Amendment 165 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4 b (new)
Article 1 – paragraph 1 – point 4 b (new)
Regulation (EU) 2021/241
Article 21 – paragraph 1
Article 21 – paragraph 1
(4 b) Article 21 (1) is replaced by the following "1. Where the recovery and resilience plan including relevant milestones and targets is no longer achievable, either partially or totally, by the Member State concerned because of objective circumstances, including the crisis caused by Russia's military aggression against Ukraine, or where new measures are required to tackle the effects of this crisis, the Member State concerned may make a reasoned request to the Commission to make a proposal to amend or replace the Council implementing decisions referred to in Article 20(1) and (3). To that end, the Member State may propose an amended or a new recovery and resilience plan. Member States may request technical support for the preparation of such proposal under the Technical Support Instrument. " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32021R0241)
Amendment 167 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4 c (new)
Article 1 – paragraph 1 – point 4 c (new)
Regulation (EU) 2021/241
Article 21 – paragraph 2
Article 21 – paragraph 2
(4 c) Article 21 (2) is replaced by the following: "2. Where the Commission considers that the reasons put forward by the Member State concerned justify an amendment of the relevant recovery and resilience plan, the Commission shall assess the amended or new recovery and resilience plan in accordance with Article 19 and shall make a proposal for a new Council implementing decision in accordance with Article 20(1) within twoone months of the official submission of the request. The Member State concerned and the Commission may agree to extend that deadline by a reasonable period if necessary. The Council shall adopt the new implementing decision, as a rule, within four weeks of the adoption of the Commission proposal. (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32021R0241)" Or. en
Amendment 188 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21a – paragraph 2
Article 21a – paragraph 2
(2) The share of the resources referred to in paragraph 1 available for each Member State shall be calculated on the basis of the indicators defined for the maximum financial contribution, as set out in the methodology in Annex II for 70% of the amount, with the exception of the relative unemployment rate of each Member State which shall be replaced by the share of fossil fuels in the overall energetic mix of the Member State and methodology set out in Annex III for 30% of the amount.
Amendment 216 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21c – paragraph 1
Article 21c – paragraph 1
(1) The recovery and resilience plan submitted to the Commission after [the entry into force of this amending Regulation] shall contain a REPowerEU chapter. Member States may propose the inclusion of a REPowerEU chapter in their recovery and resilience plans at the latest by [2 months after the entry into force of this amending Regulation]. The REPowerEU chapter shall outline reforms and investments, with their corresponding milestones and targets, other than measures referred in paragraph 2 (a), aiming to contribute to the REPowerEU objectives, by:
Amendment 257 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21c – paragraph 3
Article 21c – paragraph 3
Amendment 260 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21c – paragraph 3 a (new)
Article 21c – paragraph 3 a (new)
(3 a) At least 50% of the total financial allocation of the REPowerEU chapters shall be used to finance exclusively cross- border or multi country investments and reforms contributing to the objectives outlined in Article 21c (1).
Amendment 309 #
2022/0164(COD)
Proposal for a regulation
Annex I – paragraph 1 – point a
Annex I – paragraph 1 – point a
2.12 a. The consultation process as referred to in Article 18(4)(q) related to the measures referred to in Article 21c(1) is adequate and the pertinent input from the relevant stakeholders is properly reflected in the substance of the REPowerEU chapter. The Commission shall take into account the following elements for the assessment of this criterion Scope: - the consultation process as referred to in Article 18(4)(q) related to the measures referred to in Article 21c(1) is adequate and - the pertinent input from the relevant stakeholders is properly reflected in the substance of the REPowerEU chapter and - the Member State has provided information on how the local and regional authorities and other relevant stakeholders will be involved in the implementation of the REPowerEU chapter and its monitoring. Rating A – to a large extent B – to a medium extent C – to a small extent
Amendment 310 #
2022/0164(COD)
Proposal for a regulation
Annex I – paragraph 1 – point a
Annex I – paragraph 1 – point a
Regulation (EU) 2021/241
Annex V – section 2 – point 2.12 a (new)
Annex V – section 2 – point 2.12 a (new)
2.12 a. The REPowerEU chapters of the recovery and resilience plan allocates at least 50% of the overall financial allocation to cross-border or multi country measures. Rating: A - the REPowerEU chapters allocate at least 50% of the overall allocation to cross-border or multi country measures C - the REPowerEU chapters do not allocate at least 50% of the overall allocation to cross-border or multi country measures
Amendment 311 #
2022/0164(COD)
Proposal for a regulation
Annex I – paragraph 1 – point a
Annex I – paragraph 1 – point a
Regulation (EU) 2021/241
Annex V – section 2 – point 2.12 b (new)
Annex V – section 2 – point 2.12 b (new)
2.12 b. The consultations conducted in accordance with the national framework for the preparation of the recovery and resilience plan were conducted in a way which ensure that all relevant stakeholders are given effective opportunities to participate in the preparation and the implementation of the recovery and resilience plans. The Commission shall take into account the following elements for the assessment under this criterion Scope: - the Member State provided a comprehensive summary about the consultation process conducted in accordance with the national legislative framework and - the Member State consulted all relevant stakeholders, including national parliaments, local and regional authorities, social partners, civil society organisations, youth organisations and other relevant stakeholders and - the Member State has taken into account to a sufficient degree the input provided by the relevant stakeholders in the recovery and resilience plan and - the Member State has provided sufficient arrangements to ensure the participation of the relevant stakeholders in the implementation of the recovery and resilience plans Rating A – to a large extent B – to a medium extent C – to a small extent
Amendment 313 #
2022/0164(COD)
Proposal for a regulation
Annex I – paragraph 1 – point a a (new)
Annex I – paragraph 1 – point a a (new)
Regulation (EU) 2021/241
Annex V – section 2 – point 2.6
Annex V – section 2 – point 2.6
(a a) Annex V - Section 2 - Point 2.6 is replaced by the following: "2.6. The recovery and resilience plan contains measures that effectively contribute to the digital transition or to addressing the challenges resulting therefrom, and that account for an amount which represents at least 20 % of the recovery and resilience plan’s total allocation, based on the methodology for digital tagging set out in Annex VII, with the exception of the REPowerEU chapter for which the Commission may use additional intervention fields and coefficients; that methodology shall be used accordingly for measures that cannot be directly assigned to an intervention field listed in Annex VII; the coefficients for support for the digital objectives may be increased for individual investments to take account of accompanying reform measures that increase their impact on the digital objectives. The Commission shall take into account the following elements for the assessment under this criterion: Scope —the implementation of the envisaged measures is expected to significantly contribute to the digital transformation of economic or social sectors; or —the implementation of the envisaged measures is expected to significantly contribute to address the challenges resulting from digital transition; and —Member States apply a methodology consisting of assigning a specific weighting to the support provided, which reflects the extent to which such support makes a contribution to digital objectives. The weightings shall be based on the dimensions and codes for the types of intervention established in Annex VII, with the exception of the REPowerEU chapter for which the Commission may use additional intervention fields and coefficients, and may be increased for individual investments to take account of accompanying reform measures that increase their impact on the digital objectives. The same weighting system shall apply for measures that cannot be directly assigned to an intervention field listed in Annex VII; and —the implementation of the envisaged measures is expected to have a lasting impact. Rating A –to a large extent B –to a moderate extent C –to a small extent " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32021R0241)
Amendment 314 #
2022/0164(COD)
Proposal for a regulation
Annex I – paragraph 1 – point b
Annex I – paragraph 1 – point b
Regulation (EU) 2021/241
Annex V – section 3 – point a
Annex V – section 3 – point a
— not an A in criteria 2.2, 2.3, 2.5, 2.6, 2.12, 2.12a and 2.12b;
Amendment 8 #
2021/2251(INI)
Motion for a resolution
Recital A (new)
Recital A (new)
A. whereas the Recovery and Resilience Facility (RRF) is the main building block of the Next Generation EU (NGEU) stimulus package;
Amendment 11 #
2021/2251(INI)
Motion for a resolution
Recital B (new)
Recital B (new)
B. whereas EUR 672.5 billion in grants and loans will be available to finance national measures designed to alleviate the economic and social consequences of the pandemic;
Amendment 14 #
2021/2251(INI)
Motion for a resolution
Recital C (new)
Recital C (new)
C. whereas the RRF funding will support key policy areas such as green transition, digital transformation, economic, social and territorial cohesion, institutional resilience and crisis preparedness as well as children and youth, including education and skills;
Amendment 17 #
2021/2251(INI)
Motion for a resolution
Recital D (new)
Recital D (new)
D. whereas, to be eligible for financing, the National Recovery and Resilience Plans (NRRPs) must include the reforms and investment related to the scope based on the six pillars, respect general and specific objectives, horizontal principles and the 11 assessment criteria set out in the RRF Regulation;
Amendment 20 #
2021/2251(INI)
Motion for a resolution
Recital E (new)
Recital E (new)
E. whereas dialogue and transparency between the EU institutions and the Member States is crucial for the optimal implementation of the RRF;
Amendment 22 #
2021/2251(INI)
Motion for a resolution
Recital F (new)
Recital F (new)
F. whereas the European Commission, which is responsible for monitoring the implementation of the RRF, must regularly inform Parliament of the status of the assessment of the NRRPs, and how the targets and milestones have been implemented by the Member States;
Amendment 24 #
2021/2251(INI)
Motion for a resolution
Recital G (new)
Recital G (new)
G. whereas the Member States must set up robust control systems and ensure the protection of the financial interests of the Union;
Amendment 26 #
2021/2251(INI)
Motion for a resolution
Recital H (new)
Recital H (new)
H. whereas democratic control and parliamentary scrutiny over the implementation of the RRF is only possible with the full involvement of Parliament and the consideration of all its recommendations in all stages, and whereas the European Parliament will continue to scrutinise the implementation of the RRF;
Amendment 28 #
2021/2251(INI)
Motion for a resolution
Recital I (new)
Recital I (new)
I. whereas the Commission will present a review report on the implementation of the RRF to the European Parliament and the Council by 31 July 2022;
Amendment 34 #
2021/2251(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Highlights that the Recovery and Resilience Facility (RRF) is an unprecedented one-off and limited in time instrument of solidarity and a cornerstone of the NextGenerationEU (NGEU) instrument, ending in 2026, as the main tool in the EU’s response to the COVID-19 pandemic to prepare the economies of the EU to face the new challenges; recalls that the EU response was comprehensive and timely, leading to extensive use of existing instruments and deploying additional financing instruments;
Amendment 35 #
2021/2251(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Highlights that the Recovery and Resilience Facility (RRF) is an unprecedented instrument of solidarity and a cornerstone of the NextGenerationEU (NGEU) instrument, ending in 2026, as the main tool in the EU’s response to the COVID-19 pandemic to prepare the economies of the EU to face the new challenges; recalls that the EU response was comprehensive and timely, leading to extensive use of existing instruments and deploying additional financing instruments;
Amendment 53 #
2021/2251(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the fact that even if the economic effects of the RRF cannot be fully disentangled from other developments, it seems fair to conclude that, so far, the RRF has had positive effects on gross domestic product (GDP) and that its the effective implementation of the RRF will be a key for the EU’s economic growthpositive impact on the EU GDP; recognises that the RRF has helped to cushion EU economies and citizens from the most acute impacts of the COVID-19 pandemic and is positively contributing to the EU’sEU recovery and resiliencegrowth, including economic cohesion, jobs, productivity,competitiveness, research, development and innovation, and a well- functioning internal market with strong small and medium enterprises (SMEs);
Amendment 54 #
2021/2251(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the fact that even if the economic effects of the RRF cannot be fully disentangled from other developments, it seems fair to conclude that, so far, the RRF has had positive effects on gross domestic product (GDP) and that its effective implementation will be key for the EU’s economic growth; recognises that the RRF has helped to cushion EU economies and citizens from the most acute impacts of the COVID-19 pandemic and is positively contributing to the EU’s recovery and resilience; including economic cohesion, jobs, productivity, competitiveness, research, development and innovation, and a well- functioning internal market with strong small and medium enterprises (SMEs);
Amendment 58 #
2021/2251(INI)
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Believes that in order for the RRF to attain its objectives and support the EU to bounce back from the crisis, it is imperative that Member States implement thoroughly the agreed reforms and investments; reminds that the RRF is an incentive-based mechanism, whereby funding is disbursed upon completion of milestones and targets related to reforms;
Amendment 68 #
2021/2251(INI)
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Points out that a successful implementation of the RRF would lay down the foundations for long term competitive, strategically autonomous, sustainable, inclusive and resilient economies and societies;
Amendment 69 #
2021/2251(INI)
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Points out that a successful implementation of the RRF would lay down the foundations for long term competitive, strategically autonomous, sustainable, inclusive and resilient economies and societies;
Amendment 80 #
2021/2251(INI)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Underlines that the COVID-19 pandemic has highlighted the need to increase strategic autonomy of the Union in key supply chains and critical infrastructures and services; notes that according to the Commission, the RRF is expected to give a major boost to the implementation of the EU Industrial strategy;
Amendment 87 #
2021/2251(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Emphasises that the packages of reforms and investments, particularly growth-enhancing ones under the RRF, should also generate EU added value; notes that according to the Commission the EU-wide GDP effects are around one third larger when explicitly accounting for the spillover effects from individual country measures; emphasises that the packages of reforms and investments under the RRF should also contribute to the implementation of the European Pillar of Social Rights;
Amendment 99 #
2021/2251(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Reiterates the importance of the six pillars in providing the Member States with a structure to propose and implement reforms and investments that tackle the green and digital transitions, the economy, productivity and competitiveness, social and territorial cohesion, health and institutional resilience, and measures for children and young people; highlights that all Member States are required by the RRF Regulation to include in their national recovery and resilience plans measures that address all pillars; deplores that not all Member States chose to respect the pillar structure of the Regulation which would have allowed an easier monitoring;
Amendment 117 #
2021/2251(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Is concerned, however, that only seven Member States have requested loans amounting to a total of EUR 166 billion out of the EUR 385.8 billion available for loans, leaving a considerable amount available should Member States require loans at a later stage; is preoccupied that the limited interest for the loan component may lead to lost opportunities and prevent the RRF from reaching its full potential; underlines that should Member States, whose NRRPs have been already approved, wish to request loans, it will require amending respective NRRP with the additional set of measures consisting of reforms and investments, without rolling back commitments in the plans already endorsed; encourages Member States to use full potential of the RRF; reminds that a Member State may request loan support at the time of the submission of a recovery and resilience plan or at a different moment in time until 31 August 2023;
Amendment 118 #
2021/2251(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Is concerned, however, that only seven Member States have requested loans amounting to a total of EUR 166 billion out of the EUR 385.8 billion available for loans, leaving a considerable amount available should Member States require loans at a later stage; is preoccupied that the limited interest for the loan component may lead to lost opportunities and prevent the RRF from reaching its full potential; underlines that should Member States whose NRRPs have been already approved wish to request loans, it will require amending respective NRRP, where relevant with the additional set of reforms and investments, milestones and targets; encourages Member States to use full potential of the RRF;
Amendment 123 #
2021/2251(INI)
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9 a. Encourages those Member States that did not request loans to the full extent available, to do so and prioritise measures aiming at increasing their energy security and mitigating the economic effects of the crisis generated by the Russian invasion of Ukraine in the European Union.
Amendment 124 #
2021/2251(INI)
Motion for a resolution
Paragraph 9 b (new)
Paragraph 9 b (new)
9 b. Is of the opinion that the Russian invasion on Ukraine inter alia requires a recalibration of the European energy policy; highlights that cross-border projects should enhance synergies and cooperation between the EU-countries and reflect common concerns and shared priorities; believes that the Recovery and Resilience Facility plays a significant role in reorienting the EU towards energy- independency and to accelerate the energy transition; is concerned that only 13.68% of cross-border projects are investing in the green transition; believes that under the current policy paradigm shift, too few cross-border projects have been initiated under the framework of the RRF; urges the Member States to make use of Article 21 in the RRF regulation which allows for change to national plans upon request of the Member States; refers to Recital 49 where amending the national plan is possible upon a reasoned request;
Amendment 126 #
2021/2251(INI)
Motion for a resolution
Paragraph 9 c (new)
Paragraph 9 c (new)
Amendment 132 #
2021/2251(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Tasks the Commission with analysing the reasons why the Member States have not requested loans to the full extent of their allocation; reminds that a Member State may request loan support at the time of the submission of a recovery and resilience plan or at a different moment in time until 31 August 2023; calls on the Commission, where relevant, to come forward with targeted measures to incentive the optimal use of the resources available under the RRF;
Amendment 140 #
2021/2251(INI)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Recalls that, under Article 21 of the Recovery and Resilience Facility, objective circumstances allow a Member State to make a reasoned request to the Commission to make a proposal to amend or replace the approved plan; recalls that if the Commission considers that the reasons put forward by the Member State justify an amendment of the NRRP, it shall assess the amended NRRP in accordance with Article 19 and put forward a proposal for a Council implementing decision according to Article 20 of the Regulation; recalls that such a request for amendment entails an assessment and approval procedure identical to the first assessment and approval procedure of the plans; notes that, so far, no Member State requested to amend or replace the approved plan;
Amendment 141 #
2021/2251(INI)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Insists that any amendment of the NRRPs shall fully comply with the provisions of the RRF Regulation and supports the Commission’s approach that the mere change of the political situation in Member States does not represent an objective reason for requesting an amendment of the NRRP; reminds Member States that requests for modifications of NRRPs, must comply with the timelines of the Regulation and will likely lead to delays in the implementation of the reforms and investments, will, subsequently, increase the risk of failing to meet agreed targets and milestones and, ultimately, incapacity of using of the entire RRF allocation or losing part of the funding;
Amendment 153 #
2021/2251(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Looks forward to more granular and disaggregated data allowing for a better understanding of the additionality impacts of the RRF; urges the Member States to provide detailed information to the Commission in order to ensure effective reporting of the impact of the RRF; reiterates the importance of the Recovery and Resilience Scoreboard in providing a clear framework for the additionality impact, as well as ensuring a qualitative analysis of the reforms and investments proposed;
Amendment 155 #
2021/2251(INI)
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Believes that in order to demonstrate its added value, the RRF should focus on investments which could not be adequately financed through other funding instruments of the Union or would have difficulty in obtaining the adequate financing;
Amendment 157 #
2021/2251(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that only nine operational arrangements have been signed between the Commission and Member States so far; calls on the Commission and Member States to sign operational arrangements as soon as possible and urges the Commission and all Member States to publish their operational arrangements and financing arrangements voluntarily in a timely manner, in order to ensure better transparency and reinforce accountability;
Amendment 159 #
2021/2251(INI)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Reiterates that delays in the implementation of the Facility and national recovery and resilience plans should not slow down the recovery process following the pandemic and diminish the level of resilience of the Union;
Amendment 160 #
2021/2251(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Recalls that the RRF Regulation provides for the possibility to include in the NRRPs measures started from 1 February 2020 onwards and that some Member States have made use of this possibility rather extensively; believes that the entire concept of “retroactive reforms” and its extensive use is not in line with the spirit of the RRF objectives; urges the Commission to refrain from approving further “retroactive reforms”, particularly reforms which were already planned before the set up of the RRF and the emergence of the pandemic;
Amendment 165 #
2021/2251(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Welcomes the early dialogue between the Commission and the Member States in the preparation of the payment requests and Commission readiness in assessing payment requests; encourages it to continue transparently assessing whether milestones and targets are complied with in a timely manner; urges the Commission to ensure a fast deployment of payments and to closely monitor the implementation of reforms and investments;
Amendment 166 #
2021/2251(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Regrets that among the initial payment requests, in some instances, some Member States make extensive use of the retroactivity clause, particularly as regards the reforms component; is of the opinion, that some of the reforms included in the first payment claims were already planned before the emergence of the pandemic and the set up of the RRF and thus should not receive funding from the instrument;
Amendment 171 #
2021/2251(INI)
Motion for a resolution
Paragraph 14 b (new)
Paragraph 14 b (new)
14 b. Reminds that the Facility is subject to the sound economic governance and calls on the Commission to apply the existing rules scrupulously;
Amendment 173 #
2021/2251(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the fact that 22 NRRPs have been approved and observes that as of early February 2022, one Member State had not yet put forward its NRRP; further notes that four NRRPs are pending assessment by the Commission; urges the countries with NRRPs pending assessment to engage in constructive discussions with the Commission in order for the plans to become ready for approval without further delay; calls on the Commission to apply diligently the RRF Regulation when assessing the remaining plans;
Amendment 176 #
2021/2251(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the fact that 22 NRRPs have been approved and observes that as of early February 2022, one Member State had not yet put forward its NRRP; further notes that four NRRPs are pending assessment by the Commission; is concerned that some of the plans have been under assessment for a considerable time;
Amendment 189 #
2021/2251(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Reminds the Commission that the rule of law conditionality mechanism is an essential component of the RRF; calls on it to refrain from approving the NRRPs of Poland and Hungary as long as concerns regarding the observance of the rule of law and the prevention and detection of and fight against fraud, conflicts of interest and corruption persist in those countries, and to ensure that all the measures set out in their plans comply with EU values enshrined in Article 2 of the Treaty on European Union; reminds Member States that the failure to fully comply with the provisions of the RRF Regulation and the subsequent delays in the approval of the NRRPs, seriously affect the capacity of local and regional authorities in adequately tackling the impact of the pandemic on their communities, businesses and citizens and can lead to a long term worsening of the local and regional economic situation;
Amendment 192 #
2021/2251(INI)
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. Calls on the Commission to apply diligently the RRF rules when assessing the remaining plans; reminds the Commission that the RRF is subject to the Rule of Law conditionality regime and calls on refraining from approving NRRPs in case of concerns regarding the observance of rule of law and the sound financial management of EU funds, prevention, detection and fight against fraud, conflict of interests and corruption; furthermore, recalls that the observance of rule of law and the sound financial management of EU funds are to be evaluated continuously throughout the lifecycle of the RRF and that the Commission shall refrain to disburse funding and, where applicable, recover funds, in case such conditions are no longer fulfilled; reminds Member States that the failure to fully comply with the provisions of the Regulation and the subsequent delays in the approval of the NRRPs, seriously affect the capacity of local and regional authorities in adequately tackling the impact of the pandemic on their communities, businesses and citizens and can lead to a long term worsening of the local and regional economic situation;
Amendment 198 #
2021/2251(INI)
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18 a. Furthermore, recalls that the observance of rule of law and the sound financial management of EU funds are to be evaluated continuously throughout the lifecycle of the RRF and that the Commission shall refrain to disburse funding and, where applicable, recover funds, in case such conditions are no longer fulfilled;
Amendment 212 #
2021/2251(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Notes that all approved NRRPs expect to achieve the digital target of at least 20 % set out in the RRF Regulation, while some Member States have even allocated more than half of their RRF funds to measures qualifying for the digital target; and that the overall digital expenditure of all approved NRRPs reaches almost 29 % or EUR 130 billion; welcomes a strong focus in NRRPs on the digitalisation of public services, including the health sector, and digital skills, digitalisation of business, connectivity, digital R&D and advanced technologies; notes that two thirds of Member States included a security self-assessment for investments in digital capacities and connectivity in their RRPs;
Amendment 220 #
2021/2251(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Underlines the importance that the NRRPs dedicate almost 50 % of total expenditure or EUR 203 billion to measures to benefit the well-functioning of the single market, improving the business environment and promoting private investments; reiterates the importance of private sector in the successful implementation of the RRF; calls on the Member States to lift all unnecessary obstacles that would prevent SMEs from accessing the relevant RRF funding, and to this end, asks the Commission to provide detailed analyses;
Amendment 224 #
2021/2251(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Notes that the Commission estimates social spending in the NRRPs to account forMember States’ RRPs at around 20 % of the grants and loans requested; observes that thisose expenditure focuses on employment incentives for specific disadvantaged groups, reforms of employment protection legislation and labour contract regulation; regrets that social investment measures have been rather limited to social infrastructure and that only somsupport the Commission to build through the RRF a more resilient and inclusive labour market; is of the opinion, however, that social expenditure financed though the NRRPs contain measures for the development of proper care services and temporary support measures; supports the Commission’s aim, through the RRF, of building a more resilient and inclusive labour marketF must not replace nor become recurring budgetary expenditure and shall be strictly linked with the overall objectives of the RRF, namely to support the post-crisis economic recovery;
Amendment 228 #
2021/2251(INI)
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Points out that all approved NRPPs so far address social and employment challenges such as measures for improving labour market participation, promoting upskilling and reskilling, the modernisation of labour market institutions and services, as well as of social protection and healthcare systems;
Amendment 231 #
2021/2251(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Underlines the importance of reforms and investments in health, economic, social and institutional resilience to increase crisis preparedness and crisis response capacity, which account for more than 17 % of total NRRP allocations, representing EUR 76 billion; highlights that according to the Commission under this RRF pillar Member States have to implement 789 measures linked to 1 900 milestones and targets;
Amendment 239 #
2021/2251(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Notes that approved NRRPs envisage expenditure on healthcare-related measures of EUR 37 billion, which corresponds to 8 % of total NRRP expenditure; observes that the highest contribution is earmarked for renovating and expanding hospital infrastructure, followed by strengthening primary care and prevention, digital transition in health care and long-term care; expects these healthcare- related measures to contribute to increasing the resilience of healthcare systems and their preparedness for future crises; is concerned that many Member States did not include sufficient measures to make mental health care accessible and highlights that mental health should represent an integral part of the EU’s socio-economic recovery from the pandemic and an occupational health priority;
Amendment 241 #
2021/2251(INI)
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24 a. Observes that public administration modernisation features prominently in many NRRPs with approximately EUR 1.8 billion expected investment in the enhancement of the public administration; underlines that the benefits of reforms go beyond of their associated costs, which should lead to concrete positive impact on citizens;
Amendment 243 #
2021/2251(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Notes that approved NRRPs envisage expenditure dedicated to children and young people, including early childhood education and care, youth unemployment and skills, of EUR 49 billion, which corresponds to approximately 11.5 % of total NRRP expenditure; notes that the amount represents a first step in ensuring that coordinated measures dedicated to next generation are being implemented in all 27 Member States; is concerned that many NRRPs do not properly reflect the ambitions set by the European Child Guarantee and that they reflect only partially those of the reinforced Youth Guarantee; deplores that two Member States chose not to include in their plans measures specifically dedicated to children and youth but preferred to present measures that foster skills and digital skills for all citizens;
Amendment 248 #
2021/2251(INI)
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25 a. Observes that almost all approved NRRPs contain investment in digital education, making up about 30% of the total spending on education; welcomes the focus on the modernisation of education infrastructure and equipment in the Member States;
Amendment 249 #
2021/2251(INI)
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25 a. Observes that almost all approved RRPs contain investment in digital education, making up about 30% of the total spending on education; welcomes the focus on the modernisation of education systems in the Member States;
Amendment 251 #
2021/2251(INI)
Motion for a resolution
Paragraph 25 b (new)
Paragraph 25 b (new)
25 b. Calls for the Commission to continue monitoring the implementation of the six pillars and ensuring granular data is made available in the RRF scoreboard; asks the Commission to facilitate more regional methods of monitoring implementation through the Scoreboard and welcomes monitoring initiatives at EU and national level enhancing monitoring of RRF implementation;
Amendment 254 #
2021/2251(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
26. EStrongly emphasises that the RRF should not be used to substitute recurring national budgetary expenditure, unless duly justified; notes that the Commission has only approved NRRPs to cover the initial costs of setting up and launching reforms, which might become recurring costs, if the sustainable financing of the future costs shall be ensured from the national budget or other instruments and it fully respects the concept of sustainable fiscal policy; is deeply preoccupied by measures included in some NRRPs which foresee important amounts for salaries; believes that such expenditure has the clear potential to become recurring budgetary expenditure after the RRF implementation period; strongly questions the criteria on which the Commission has approved such measures; believes that RRF expenditure should not lead to an increase of public spending;
Amendment 264 #
2021/2251(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
27. Points out that the principle of ‘do no significant harm’ was evaluated for each measure by the Commission in accordance with its technical guidance; notes that in order to comply with the principle, some Member States had to improve certain measures; notes that the compliance with the principle further entailed inconsistencies between the requirements of the Commission and those of EIB and EIF for the countries that provisioned their InvestEU envelopes with RRF funds and consequently delays in the implementation process;
Amendment 271 #
2021/2251(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Observes that a large majority of NRRPs include a specific section explaining how the plan addresses gender- related concerns and challenges; notes that NRRPs contain measures focusing on the participation of women in the labour market and the reduction of the gender pay gap;
Amendment 275 #
2021/2251(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
29. Believes that NRRPs would benefit from further cross-border projects in order to enhance spill-over effects and contribute to EU added valueNotes that twenty Member States foresee cross-border projects in their NRRPs mostly focusing on infrastructure, such as rail or electricity connections, hydrogen, quantum technology, 5G connectivity, cloud capabilities and innovation hubs; believes that NRRPs would benefit from further cross-border projects in order to enhance spill-over effects and contribute to EU added value; notes that twenty Member States foresee cross-border projects such as Important Projects of Common European Interest in their NRRPs mostly focusing on infrastructure; calls on the Member States to clarify the role for relevant stakeholders in the roll-out and implementation of the multi-country projects, where relevant;
Amendment 276 #
2021/2251(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
29. Believes that NRRPs would benefit from further cross-border projects in order to enhance spill-over effects and contribute to EU added value; believes that further cross-border measures should have been included in the NRRPs in order to enhance its spill-over effect and to boost its EU added value;
Amendment 279 #
2021/2251(INI)
Motion for a resolution
Paragraph 29 a (new)
Paragraph 29 a (new)
29 a. Observes that one Member State proposed to transfer structural funds to its NRRP, that only two Member States plan to provision their Invest EU envelopes with RRF funds and that only three Member States foresee incorporating the costs of technical support in their NRRPs; regrets that the provision to transfer RRF funds to the InvestEU national compartments has not been used to its full potential; recalls that synergies among different EU funds is essential for a proper recovery and consolidated resilience of the Union and reminds Member States that the use of this provision contributes to enhancing synergies;
Amendment 280 #
2021/2251(INI)
Motion for a resolution
Paragraph 29 a (new)
Paragraph 29 a (new)
29 a. Observes that one Member State proposed to transfer structural funds to its NRRP, that only two Member States plan to provision their InvestEU envelopes with RRF funds and that only three Member States foresee incorporating the costs of technical support in their NRRPs; regrets that the provision to transfer RRF funds to the InvestEU national compartments has not been used to its full potential; recalls that synergies among different EU funds is essential for a proper recovery and consolidated resilience of the Union and reminds Member States that the use of this provision contributes to enhancing synergies;
Amendment 281 #
2021/2251(INI)
Motion for a resolution
Paragraph 29 b (new)
Paragraph 29 b (new)
29 b. Reminds that according to the RRF Regulation the recovery and resilience plans shall also be consistent with the information included by the Member States in the partnership agreements and operational programmes under Union funds; reiterates that this provision is not only important to avoid double-funding or overlapping of objectives, but also to ensure a coordinated approach and maximise the benefits of EU funding; requests the Commission to provide an analysis how this coordination is ensured; takes note that the adoption of the NRRPs has led in some instances to the delays in the adoption of Partnership Agreements and calls on these delays to be addressed;
Amendment 282 #
2021/2251(INI)
Motion for a resolution
Paragraph 29 b (new)
Paragraph 29 b (new)
29 b. Reminds that according to the RRF Regulation the recovery and resilience plans shall also be consistent with the information included by the Member States in the partnership agreements and operational programmes under Union funds; reiterates that this provision is not only important to avoid double-funding or overlapping of objectives, but also to ensure a coordinated approach and maximise the benefits of EU funding; requests the Commission to provide an analysis how this coordination is ensured; calls on the Commission to avoid delays in the adoption of Partnership Agreements and calls on these delays to be addressed;
Amendment 283 #
2021/2251(INI)
Motion for a resolution
Paragraph 29 c (new)
Paragraph 29 c (new)
29 c. Questions how the Commission has encouraged Member States to foster synergies with NRRPs of other Member States;
Amendment 284 #
2021/2251(INI)
Motion for a resolution
Paragraph 29 c (new)
Paragraph 29 c (new)
29 c. Questions how the Commission has encouraged Member States to foster synergies with NRRPs of other Member States;
Amendment 288 #
2021/2251(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
30. NReminds that all RRPs have to contribute to effectively addressing all or a significant subset of challenges identified in the relevant country-specific recommendations including fiscal aspects; notes the Commission assessment that all NRRPs address at least a significant subset of challenges identified in the relevant European Semester recommendations but that not all challenges are addressedchallenges remain; deplores that some Member States are not sufficiently tackling some long-standing challenges, particularly as regards the fiscal sustainability or the reform of the labour and pensions systems as well as other structural reforms; strongly questions in this regard the positive evaluation of the Commission of some of the NRRPs which fail to propose serious structural reforms deplores that in some instances, NRRPs have been approved although the final design of important structural reforms had not been finalised by the Member States concerned, nor finally agreed with the Commission;
Amendment 291 #
2021/2251(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
30. NReminds Member States that the NRRPS are expected to contribute to effectively addressing all or a significant subset of challenges identified in the relevant country-specific recommendations, including fiscal aspects thereof and recommendations made pursuant to Article 6 of Regulation (EU) No 1176/2011 where appropriate, addressed to the Member State concerned or challenges identified in other relevant documents officially adopted by the Commission in the context of the European Semester; notes the Commission assessment that all NRRPs address at least a significant subset of challenges identified in the relevant European Semester recommendations but that not all challenges are addressed;
Amendment 292 #
2021/2251(INI)
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30 a. Calls on the Commission to adequately evaluate the fulfilment of all milestones and targets, including those related to CSRs in the NRRPs in the disbursement phase of the Facility and to reduce proportionally payments, based on the importance of the milestones and targets, whether agreed milestones and targets are not satisfactory met, including not rolling back on previously achieved milestones and targets; furthermore, calls on the Commission, if necessary, to make use of the provisions of the Regulation, allowing it to recover grants or ask for early repayment of loans in case of breach of the obligations of Member States under the financing agreements;
Amendment 293 #
2021/2251(INI)
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30 a. Reiterates the fact that not all CSRs are equally important and regrets the quantitative approach of the Commission when evaluating the NRRPs in relation to the fulfilment of challenges identified in the relevant CSRs, whereby important structural challenges have not been properly addressed
Amendment 295 #
2021/2251(INI)
Motion for a resolution
Paragraph 30 b (new)
Paragraph 30 b (new)
30 b. Calls on the Commission to step up its evaluation of the fulfilment of CSRs in the NRRPs in the disbursement phase of the Facility and to refrain from making any payments if agreed milestones and targets related to challenges in the relevant CSRs are not adequately met, including not rolling back on previously met milestones and targets; furthermore calls on the Commission, if necessary, to make full use of the provisions of the Regulation, allowing it to recover grants or ask for early repayment of loans in case of breach of the obligations of Member States under the financing agreements, including in relation to the implementation of CSRs;
Amendment 296 #
2021/2251(INI)
Motion for a resolution
Paragraph 30 c (new)
Paragraph 30 c (new)
30 c. Calls on the Members States to look for ways on how to involve refugees fleeing Ukraine to the European Union, following the military invasion of the Russian Federation, in the practical implementation of the NRRPs, therefore, helping to alleviate their socio-economic situation;
Amendment 297 #
2021/2251(INI)
Motion for a resolution
Paragraph 30 d (new)
Paragraph 30 d (new)
30 d. Reiterates, in the context of the Russian invasion of Ukraine and its possible consequences, particularly as regards the dependence on Russian gas, the importance of EU's energy security; welcomes in this regard the NRRPs containing measures to enhance energy security by decreasing dependence on Russian gas; furthermore, underlines the importance of measures relating to the climate component in order to mitigate the impact of the energy prices crisis upon the EU;
Amendment 298 #
2021/2251(INI)
Motion for a resolution
Paragraph 31
Paragraph 31
31. RNotes that, according to the Commission assessment, all Member States received an A-rating for almost all criteria provisioned in the RRF Regulation; recalls that, according to the Commission assessment, all Member States received a B-rating for the criteria that evaluates whether the estimated total costs of the NRRPs are reasonable; calls on the Commission to ensure that costs are plausible and that proper cost analysis is being conducted in order to tackle fraud and corruption; urges the Commission to thoroughly assess the satisfactory fulfilment of milestones and targets before accepting payment requests, and also ensure that previously achieved milestones and targets have not been reversed;
Amendment 303 #
2021/2251(INI)
Motion for a resolution
Paragraph 31 a (new)
Paragraph 31 a (new)
31 a. Urges Member States to timely launch public procurement for the implementation of measures in order to ensure completion with the calendar of milestones and targets;
Amendment 307 #
2021/2251(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
32. Observes, that by the nature of the instruments, the control focuses on the achievement of results instead of verifications of costs; notes that this approach can simplify the implementation and contribute to the achievement of the desired outcome; nevertheless, is deeply preoccupied that it also makes the detection of abuse of EU funds more difficult; Urges the Commission to take the appropriate measures to ensure early detection of abuse of EU funds; calls on it to monitor rigorously any possible occurrence of double funding and, if such occurrences are confirmed, to proceed with the recovery of funds without delay;
Amendment 308 #
2021/2251(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
32. UObserves, that by the nature of the instruments, the control focuses on the achievement of results and outputs instead of verifications of costs; notes that this approach can simplify the implementation and contribute to the achievement of the desired outcome; nevertheless, urges the Commission to take the appropriate measures to ensure early detection of abuse of EU funds; calls on it to monitor rigorously any possible occurrence of double funding and, if such occurrences are confirmed, to proceed with the recovery of funds without delay;
Amendment 310 #
2021/2251(INI)
Motion for a resolution
Paragraph 32 a (new)
Paragraph 32 a (new)
32 a. Urges the Member States to collect and record data on final recipients and beneficiaries of Union funding in an electronic standardised and interoperable format and to use the single data mining and risk scoring tool provided by the Commission; calls on the Commission to ensure that ARACHNE is interoperable with other relevant datasets;
Amendment 312 #
2021/2251(INI)
Motion for a resolution
Paragraph 32 b (new)
Paragraph 32 b (new)
32 b. Recalls that Member States should collect and ensure access of data on beneficial owner(s) of the recipient of the funds and beneficiaries of the programme and reiterates the importance of ensuring the transparency of final beneficiaries, without providing an extra burden on the reporting; furthermore, reiterates the importance of digitalising all reporting, monitoring and audit;
Amendment 314 #
2021/2251(INI)
Motion for a resolution
Paragraph 32 c (new)
Paragraph 32 c (new)
32 c. Reminds the Commission that in the evaluation of NRRPs and payment claims it can be assisted by experts and invites to make full use of this provision, where relevant, particularly if it lacks the in-house capacity to thoroughly scrutinise the plans or the fulfilment of milestones and targets; raises doubts about the Council’s sufficient capacity to analyse NRRPs properly or payment claims;
Amendment 324 #
2021/2251(INI)
Motion for a resolution
Paragraph 33 a (new)
Paragraph 33 a (new)
33 a. Reminds the Commission that in the evaluation of NRRPs and payment claims it can be assisted by experts and invites to make full use of this provision, particularly if it lacks the in-house capacity to thoroughly scrutinise the plans or the fulfilment of milestones and targets; is concerned that the Council does not have sufficient capacity to analyse NRRPs or payment claims and warns against transforming this evaluation into a mere box-ticking exercise;
Amendment 326 #
2021/2251(INI)
Motion for a resolution
Paragraph 33 a (new)
Paragraph 33 a (new)
33 a. Calls on the Commission to cooperate with and to ensure that adequate control capacities are in place for OLAF, the Court of Auditors and where applicable the EPPO and that those bodies are granted full access by Member States to information to exert their rights according to the Financial Regulation and the RRF Regulation;
Amendment 330 #
2021/2251(INI)
Motion for a resolution
Paragraph 33 b (new)
Paragraph 33 b (new)
33 b. Calls on the Commission to ensure that adequate control capacities are in place and that the Commission, OLAF, the Court of Auditors and where applicable the EPPO are granted full access by Member States to information to exert their rights according to the Financial Regulation and the RRF Regulation;
Amendment 331 #
2021/2251(INI)
Motion for a resolution
Paragraph 33 b (new)
Paragraph 33 b (new)
33 b. Calls on the Court of Auditors, OLAF, EPPO and national authorities to make full use of their prerogatives under the RRF Regulation and other relevant legislation and scrutinise thoroughly all RRF spending;
Amendment 332 #
2021/2251(INI)
Motion for a resolution
Paragraph 33 c (new)
Paragraph 33 c (new)
33 c. Calls on the Court of Auditors, OLAF and EPPO to make full use of their role under the RRF Regulation and scrutinise thoroughly all RRF spending, in order to prevent, detect, correct and investigate fraud, corruption, conflict of interests and where applicable to impose administrative penalties, as well as to avoid double funding;
Amendment 333 #
2021/2251(INI)
Motion for a resolution
Paragraph 33 c (new)
Paragraph 33 c (new)
33 c. Reiterates the importance of the Commission undertaking a continuous, including ex-post, monitoring of the RRF expenditure ensuring full transparency together with the Member States, and addressing any weaknesses in this regard;
Amendment 334 #
2021/2251(INI)
Motion for a resolution
Paragraph 33 d (new)
Paragraph 33 d (new)
33 d. Reminds that in the framework of the discharge procedure to the Commission, in accordance with Article 319 TFEU, the RRF shall be subject to reporting under the integrated financial and accountability reporting referred to in Article 247 of the Financial Regulation, and, in particular, separately in the Annual Management and Performance Report;
Amendment 335 #
2021/2251(INI)
Motion for a resolution
Paragraph 33 d (new)
Paragraph 33 d (new)
33 d. Reiterates the importance of the Commission undertaking a continuous, including ex-post, monitoring of the RRF expenditure; believes that full transparency is needed from the Member States, including as regards implementation and management data, in order to analyse the results of the RRF and identify possible weaknesses;
Amendment 336 #
2021/2251(INI)
Motion for a resolution
Paragraph 33 e (new)
Paragraph 33 e (new)
33 e. Reminds that in the framework of the discharge procedure to the Commission, in accordance with Article 319 TFEU, the Facility shall be subject to reporting under the integrated financial and accountability reporting referred to in Article 247 of the Financial Regulation, and, in particular, separately in the Annual Management and Performance Report.
Amendment 337 #
2021/2251(INI)
Motion for a resolution
Paragraph 33 f (new)
Paragraph 33 f (new)
33 f. Calls on all Member States to collect and record data on final recipients and beneficiaries of Union funding in an electronic standardised and interoperable format and to use the single data mining tool provided by the Commission; furthermore, reiterates the importance of digitalising all reporting, monitoring and audit;
Amendment 339 #
2021/2251(INI)
Motion for a resolution
Paragraph 34
Paragraph 34
34. Reaffirms Parliament’s role in scrutinising the implementation of the RRF, in particular through five plenary debates held in 2021, two adopted resolutions, four Recovery and Resilience Dialogues held with the Commission in 2021, 20 meetings of the dedicated working group on the scrutiny of the RRF, parliamentary questions, and the regular flow of information and ad hoc requests for information from the Commission; recalls that Article 25 of the RRF Regulation requests the Commission to transmit relevant documents and information simultaneously and on equal terms to the European Parliament and to the Council; notes that, despite the slow start of the proper process of a document flow, appropriate communication procedures were put in practice;
Amendment 340 #
2021/2251(INI)
Motion for a resolution
Paragraph 34
Paragraph 34
34. Reaffirms Parliament’s role in scrutinising the implementation of the RRF, in particular through five plenary debates held in 2021, two adopted resolutions, four Recovery and Resilience Dialogues held with the Commission in 2021, 20 meetings of the dedicated working group on the scrutiny of the RRF, parliamentary questions, and the regular flow of information and ad hoc requests for information from the Commission; remains committed in ensuring that it will make full use of the entire range of possibilities offered by the Regulation to scrutinise RRF spending, including via local actions in the Member States.
Amendment 344 #
2021/2251(INI)
Motion for a resolution
Paragraph 34 a (new)
Paragraph 34 a (new)
34 a. Invites the Commission to follow an open, transparent and constructive approach during the recovery and resilience dialogues and to observe the provision of Article 26(1) as regards regular interactions with the Parliament; recalls that the inter-institutional cooperation established through the RRF should become a minimum standard in all funding programmes;
Amendment 345 #
2021/2251(INI)
Motion for a resolution
Paragraph 34 a (new)
Paragraph 34 a (new)
34 a. Invites the Commission to follow an open, transparent and constructive approach during the recovery and resilience dialogues and to observe the provision of Article 26(1)as regards regular interactions with the Parliament; calls to set up a schedule of the recovery and resilience dialogues for the rest of the year, instead of ad-hoc solutions.
Amendment 349 #
2021/2251(INI)
Motion for a resolution
Paragraph 34 b (new)
Paragraph 34 b (new)
34 b. Regrets that in all Member States local and regional authorities, civil society organisations, social partners or other relevant stakeholders were not sufficiently involved, in the design and the implementation of the NRRPs and calls for their involvement in the implementation of the NRRPs to the maximum extent possible under the national legislation; recalls that local and regional authorities, civil society organisations, social partners and the other relevant stakeholders are at the forefront of NRRP local implementation and reminds the Commission and the Member States that proper involvement and coordination with local and regional authorities, civil society organisations, social partners, and other relevant stakeholders in the implementation of the plans is decisive for the success of the recovery in the Union;
Amendment 350 #
2021/2251(INI)
Motion for a resolution
Paragraph 34 b (new)
Paragraph 34 b (new)
34 b. Deplores that national parliaments, regions and municipalities have had a limited or even no involvement in designing national plans; recalls that regions and municipalities are at the forefront of RRP implementation and demands the Commission and the Member States to ensure proper and deep involvement of regions and municipalities, social partners, civil society, youth organisations and other relevant stakeholders;
Amendment 352 #
2021/2251(INI)
Motion for a resolution
Paragraph 34 c (new)
Paragraph 34 c (new)
34 c. Reiterates that the RRF is not a political instrument, but an unprecedented instrument to support citizens and businesses, and calls on the Commission to ensure that Member States do not allocate funding based on political criteria; calls on the Commission to ensure that calls for proposals for RRF funding at national level are competitive and allow for a level playing field as regards the access for regions and municipalities; warns against “tailored- made” calls for proposals at national level whereby criteria are specifically designed for one competitor; calls on the Commission and other institutions involved in the control system to investigate such cases and take all required measures;
Amendment 354 #
2021/2251(INI)
Motion for a resolution
Paragraph 34 c (new)
Paragraph 34 c (new)
34 c. Calls on Member States to ensure adequate management systems of RRF funds take into consideration the specific needs of the citizens at regional and local levels, while respecting the principles of non-discrimination and equal treatment; reminds that implementation of NRRPs’ measures shall respect all relevant laws;
Amendment 355 #
2021/2251(INI)
Motion for a resolution
Paragraph 34 d (new)
Paragraph 34 d (new)
34 d. Expects the review report on the implementation of the RRF prepared by the Commission to provide extensive data and analysis on the contributions of NRRPs to the implementation of the European Pillar of Social Rights, including the gender impact of NRRPs and the effective contribution of the NRRPs to gender equality, as well as the support to the SMEs and the strategic autonomy;
Amendment 356 #
2021/2251(INI)
Motion for a resolution
Paragraph 34 d (new)
Paragraph 34 d (new)
34 d. Calls on Member States to ensure that management systems of RRF funds takes into consideration the specific needs of the regional and local level and to put in place management systems that allow for RRF expenditure related to local and regional objectives to be de-centralised;
Amendment 357 #
2021/2251(INI)
Motion for a resolution
Paragraph 34 e (new)
Paragraph 34 e (new)
34 e. Reiterates the importance of allowing access to private sector to RRF expenditure, where applicable; recalls the importance of SMEs in the implementation of the RRF and warns against measures which would prevent SMEs from accessing RRF funding; invites the Commission to provide detailed analyses on the access of the private sector to RRF funding;
Amendment 359 #
2021/2251(INI)
Motion for a resolution
Paragraph 34 f (new)
Paragraph 34 f (new)
34 f. Reminds that according to the RRF regulation the Commission shall implement information and communication actions relating to the Facility, to actions taken pursuant to the Facility and to the results obtained; and that the Commission shall where appropriate inform the representation offices of the European Parliament of its actions and involve them in those actions;
Amendment 364 #
2021/2251(INI)
Motion for a resolution
Paragraph 35
Paragraph 35
35. Welcomes the launch in December 2021 of the recovery and resilience scoreboard, which will allow every citizen to monitor the implementation of the RRF; notes that, in line with the Delegated Act on common indicators, Member States shall report on several indicators, including for the implementation of the EPSR and SMEs supported;
Amendment 365 #
2021/2251(INI)
Motion for a resolution
Paragraph 35 a (new)
Paragraph 35 a (new)
35 a. Reminds that according to the RRF regulation the Commission shall implement information and communication actions relating to the Facility; encourages the Commission, through its representation offices in the Member States and in cooperation with the European Parliament Liaison Offices in the Member States, to launch events in the Member States that promote the scoreboard and present the different analyses conducted by the Commission, including on the 6 pillars; encourages the Commission to publish detailed analysis on the positive effects of the RRF by highlighting good practices in the implementation of the national NRRPs and recommendations for overcoming implementation obstacles and improving the effective use of the funds;
Amendment 369 #
2021/2251(INI)
Motion for a resolution
Paragraph 35 b (new)
Paragraph 35 b (new)
35 b. Intends to make full use of the range of possibilities offered by the RRF Regulation to assess and promote the RRF, including through events including at local, regional and national level;
Amendment 372 #
2021/2251(INI)
Motion for a resolution
Paragraph 36
Paragraph 36
36. Notes that Member States’ NRRPs report on their communication strategies; deplores however that, without a clear standard, such communication campaigns are envisaged to be very different, thus limiting the visibility of the RRF and EU funding overall; calls for further harmonisation of information available for citizens on national implementation and on national RRF-related communication strategies to foster transparency and accountability, thus reinforcing ownership of implementation; invites the Commission to recommend an harmonised approach and standard for displaying information on the implementation of the RRF at national/regional level, asking Member States to adhere to such standard or explain deviations;
Amendment 8 #
2021/2237(INI)
Motion for a resolution
Citation 21 a (new)
Citation 21 a (new)
— having regard to the National Regional Development Strategy (SNDR) for2022-2028 adopted by the Government of the Republic of Moldova,
Amendment 9 #
2021/2237(INI)
Motion for a resolution
Citation 21 b (new)
Citation 21 b (new)
— having regard to New Government Action Plan for 2020 – 2023,
Amendment 32 #
2021/2237(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the historic results of the presidential election in 2020 and the parliamentary elections in 2021, whereby the people of the Republic of Moldova gave a strong mandaten overwhelming majority to pro- reform and pro-European forces, which are now fully responsible for the state; furges thether encourages the EU institutions and political leadership of the Republic of Moldova to seize this unique opportunity to work together for the implementation of long-overdue reforms and to advance Moldova's European integration based on commonly shared values of democracy, respect for human rights and fundamental freedoms, and the rule of law;
Amendment 41 #
2021/2237(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. CWelcomes the intensified High Level Political Dialogue with the Moldovan authorities and calls on the Commission to increase its engagement with its Moldovan counterparts and to maximise its political, technical and financial support to the Republic of Moldova during this crucial time in order to give further impetus to progress and to ensure adequate absorption capacity for EU assistance;
Amendment 44 #
2021/2237(INI)
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Calls on the EU to reach the agreement with the pro-reform Moldovan government and sign a similar kind of State-building Contract like in the case of Ukraine, which will increase the EU staff presence in Moldova and allow the extending to Moldova of the SGUA-type assistance, which is foreseen in the original mandate of the SGUA; recalls that these actions should lead to embracing Moldova’s European choice;
Amendment 47 #
2021/2237(INI)
Motion for a resolution
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Notes, in this context, the importance of providing EU assistance of the necessary top-ups of the salaries of civil servants in Moldova's government, working in key areas of European integration reforms;
Amendment 48 #
2021/2237(INI)
Motion for a resolution
Paragraph 2 c (new)
Paragraph 2 c (new)
Amendment 49 #
2021/2237(INI)
Motion for a resolution
Paragraph 2 d (new)
Paragraph 2 d (new)
2d. Proposes to consider, among others, a joint project of the EU and the Republic of Moldova on setting up a higher-education institution that could serve with a proper training for new cohort of human resources for Moldovan public administration and could ensure maximum transparency of the selection and promotion procedure;
Amendment 50 #
2021/2237(INI)
Motion for a resolution
Paragraph 2 e (new)
Paragraph 2 e (new)
2e. Invites the EU to provide an investment planning platform for Moldova to implement a large-scale infrastructure connectivity agenda, in particular by increasing Moldova's absorption capacity and providing the necessary technical assistance, as this is done for the Western Balkan countries under the WBIF, which is a capacity assistance platform administered by the European Commission;
Amendment 51 #
2021/2237(INI)
Motion for a resolution
Paragraph 2 f (new)
Paragraph 2 f (new)
2f. Invites the EU to assess the reform progress of Moldova using the same methodology, that is applied to the Western Balkan countries; this entails preparing an annual progress report on the progress achieved by Moldova;
Amendment 52 #
2021/2237(INI)
Motion for a resolution
Paragraph 2 g (new)
Paragraph 2 g (new)
2g. Invites the EU to work on proposing to Moldova, as well as to remaining countries of the Associated Trio, an intermediate EU integration status, which could reflect the status of Norway vis-a-vis the EU, that of membership in the EU Single Market;
Amendment 61 #
2021/2237(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Welcomes the decisive action by the EU and its Member States as ‘Team Europe’ in mitigating the socio-economic impact of the COVID-19 pandemic through vaccine donations and financial support; stresses that the Economic Recovery Plan for the Republic of Moldova, worth up to EUR 600 million, is a key element in the Republic of Moldova’s recovery, which presents a unique opportunity to accelerate structural reforms, restructure the economy and to prepare it for future challenges; welcomes the first disbursement of a EUR 36.4 million grant for the Republic of Moldova, as part of the Economic Recovery Package, to continue supporting country's fight against COVID-19 and police reform;
Amendment 71 #
2021/2237(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the unprecedented, ambitious reform agenda of the government of Natalia Gavriliţa and the tangible progress already achieved in its implementation, in particular on the fight against corruption, judicial reform, improving the living standards of the most vulnerable population groups and improving the business climate in the country; reiterates that sufficient progress in implementing agreed reforms is a key condition for continued EU financial support and the application of the ‘more for more’ principle;
Amendment 73 #
2021/2237(INI)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Welcomes the new economic reform program of the Republic of Moldova approved by the International Monetary Fund in December, opening the path for a new Macro-Financial Assistance (MFA) from the European Union; welcomes the European Commission’s proposal for a MFA operation of up to EUR 150 million; calls for an adoption without delay of the new MFA by the European Parliament and Council; calls on the Commission to ensure that technical assistance is available to the Moldovan authorities to adequately implement the agreed reforms in the context of the macro-financial assistance;
Amendment 93 #
2021/2237(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Stresses the inadmissibility of the weaponisation of the gas supply in order to put political pressure on the Republic of Moldova to change its geopolitical orientation; urges the Commission to continue providing the Republic of Moldova with the financial and technical support necessary to ensure its resilience against such external interference and increase energy independence; calls on the Moldovan authorities in the long-term perspective to maintain the country’s commitment as a member of the Energy Community to implementing the EU’s Third Energy Package, in particular the unbundling of gas and electricity transmission and distribution;
Amendment 97 #
2021/2237(INI)
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Urges the Commission, in this context, to work closely with EU Members States to upgrade existing and create new infrastructure and rules of gas supply to Moldova and other Eastern Partnership countries; underscores the importance to implement without delay all necessary investments and maintenance of the European energy infrastructure so that EU Member States’ storages facilities and interconnectors enable a proper scale of gas transmission from the EU to partner countries;
Amendment 99 #
2021/2237(INI)
Motion for a resolution
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Calls for the Republic of Moldova and the EU to advance work on the Moldovan sections of the trans-European extended transport network for EaP (TEN-T), to support the railway sector reforms and to explore together with Member States and International Financial Institutions possibilities for upgrading the EU-Republic of Moldova rail connections, while ensuring environmental sustainability; encourages the Republic of Moldova to advance in implementing the relevant acquis; and calls for increased cooperation and the gradually integration of the Republic of Moldova into the EU Transport Market and Transport Community;
Amendment 104 #
2021/2237(INI)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Underlines the important role that free media and professional journalism play in a healthy public life; calls on the Commission to closely monitor the media sector in the Republic of Moldova, support independent media and journalists; make sure that all citizens of the Republic of Moldova have access to reliable source of information about EU policies towards their country;
Amendment 163 #
2021/2237(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Deplores the fact that the investigation into the bank fraud exposed in 2014 has still not yielded significant results in terms of bringing those responsible to justice and recovering lost assets; stresses that this lack of progress has a serious negative effect on the credibility of the justice system in the eyes not only of the people of the Republic of Moldova, but also of the country’s international partners; calls for a strengthened cooperation between EU Member States and Moldovan authorities in investigating the bank fraud, to ensure the timely recovery of stolen assets;
Amendment 168 #
2021/2237(INI)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Welcomes the commitment of President Maia Sandu and the government of Natalia Gavriliţa to base their policies with accordance to rulings of the Moldovan Constitutional Court; supports the efforts of the executive institutions of the Republic of Moldova to strengthen independence of judges, judiciary system and all institutions that play a role in the constitutional order of the country;
Amendment 171 #
2021/2237(INI)
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13b. Underlines an important role of regional cooperation in modernizing the country, increasing capacities in AA’s implementation efforts; calls for enhancement of regional cooperation, both between different regions of the Republic of Moldova and between Moldovan regions and the EU regions; calls on the Commission and respective EU agencies to facilitate this process in strong cooperation with the Moldovan government;
Amendment 185 #
2021/2237(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Supports the non-governmental sector in the Republic of Moldova and underlines the added-value that different organisations provide on important issues of public interest in the Republic of Moldova;
Amendment 220 #
2021/2237(INI)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Stresses the importance of SMEs and their role in economic development of a country; EU tailor made programmes should be assisting SMEs in the Republic of Moldova, including Transnistrian region and provide support of technical and financial nature;
Amendment 226 #
2021/2237(INI)
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16b. Encourages the expansion of the Single Euro Payments Area (SEPA) to the Republic of Moldova once it has met all of the necessary requirements;
Amendment 247 #
2021/2237(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Stresses the importance of fighting disinformation, including anti-EU disinformation, fake news and propaganda, in particular through strategic communication; hopes that the reconstituted Television and Radio Broadcasting Council will effectively carry out its tasks as a media watchdog and address the long-standing shortcomings of the media landscape; calls for a better cooperation between all EU institutions, the Member States and Moldovan authorities when communicating the benefits of the AA/DCFTA and of EU assistance to the citizens of the Republic of Moldova;
Amendment 274 #
2021/2237(INI)
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Calls for deepening structural cooperation between members of the European Parliament and members of the Parliament of Moldova, in the upcoming period, on domains that represent priorities both for the European Union and for the Republic of Moldova;
Amendment 276 #
2021/2237(INI)
Motion for a resolution
Paragraph 19 b (new)
Paragraph 19 b (new)
19b. Stresses good cooperation with the current Moldovan parliament and MPs involved in bilateral and regional parliamentary cooperation with the EU, in particular within the framework of the EuroNest ParliamentaryAssembly and the EU - Moldova Parliamentary Association Committee;
Amendment 80 #
2021/2199(INI)
Motion for a resolution
Recital G a (new)
Recital G a (new)
G a. whereas NATO has reconfirmed its Open Door Policy;
Amendment 81 #
2021/2199(INI)
Motion for a resolution
Recital G b (new)
Recital G b (new)
G b. whereas integration of Ukraine to the European Union is as important as integration of Ukraine to NATO;
Amendment 82 #
2021/2199(INI)
Motion for a resolution
Recital G c (new)
Recital G c (new)
G c. whereas the Commission, the EEAS and EU Member States should be responding to Kremlin`s threats not only with NATO-led hard security instruments, but also with the EU`s soft power of the European integration, which is central to economic and political success, as well as security of Ukraine;
Amendment 384 #
2021/2199(INI)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Invites the EU institutions to provide a more ambitious integration agenda for Ukraine, as well as for the Association Trio, which could include the practical steps to the first intermediate stage of Ukraine`s accelerated full integration into the EU`s Single Market;
Amendment 98 #
2021/2185(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Takes note of the renewal of the temporary framework for State aid measures, which was established in response to the COVID-19 crisis and is designed to accelerate the recovery; calls on the Commission to ensure that the phasing out of the Temporary Framework takes place gradually and pays due regard to the health and sanitary situation in Member States; furthermore, believes that State aid measures which are part of the national resilience and recovery plans should be dealt with priority and flexibility;
Amendment 160 #
2021/2185(INI)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Acknowledges the importance of national competition authorities in enforcing and ensuring the application of EU competition law; calls on Member States to ensure adequate staffing of these authorities in view of their increasing role and responsibilities;
Amendment 228 #
2021/2185(INI)
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Calls on the Commission to carry out the necessary arrangements in organizing the Digital Markets Act enforcement structure; believes that complementary antitrust and DMA cases, whether national or EU level, should benefit from enhanced coordination and enforcement stream by accommodating the new instrument to the current competition framework;
Amendment 254 #
2021/2185(INI)
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22a. Acknowledges the contribution of the EU Merger Control Regulation to the proper functioning of the internal market and calls for maintaining its core principles;
Amendment 31 #
2021/2076(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Believes that by making the Union one of largest bond issuers in Europe, NGEU can have a positive impact on the stability and liquidity of EU capital markets and can strengthen the international role of the euro; notes, however, that NGEU is legally limited in size and in time;
Amendment 52 #
2021/2076(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Believes that in contrast to the negative image associated with initiatives taken during the euro crisis of the early 2010s, the response to NGEU shows the merits of a more ambitious, collective and democraticonly the successful implementation of the Recovery Instrument will show if it represented the adequate crisis response at EU level; calls on all EU institutions, therefore, to ensure that the political signal given by NGEU lives on, by demonstrating that the EU delivers on its promises and by offering a longer-term political vision;
Amendment 59 #
2021/2076(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Underlines that further investments in EU policies will be necessary to strengthen EU competitiveness and strategic autonomy, in particular regarding industry and climate action; considers, in this regard, that NGEU is a good example of a viable architecture for funding abovethe lack of involvement of the European Parliament in the set-up of NGEU stands proof as to why such crisis instruments should be funded within the MFF ceilings;
Amendment 589 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 23 – point a
Article 1 – paragraph 1 – point 23 – point a
Regulation (EU) No 575/2013
Article 92 – paragraph 3 – point a – introductory part
Article 92 – paragraph 3 – point a – introductory part
(a) a stand-alone institution in the EU and, for the purposes of complying with the obligations of this Regulation on the basis of its consolidated situation in accordance with Part One, Title II, Chapter 2, an EU parent institution, an EU parent financial holding company and an EU parent mixed financial holding companyinstitutions shall calculate the total risk exposure amount as follows:
Amendment 613 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 23 – point a
Article 1 – paragraph 1 – point 23 – point a
Regulation (EU) No 575/2013
Article 92 – paragraph 3 – point b
Article 92 – paragraph 3 – point b
Amendment 625 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 23 – point a
Article 1 – paragraph 1 – point 23 – point a
Regulation (EU) No 575/2013
Article 92 – paragraph 3 – point c
Article 92 – paragraph 3 – point c
Amendment 630 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 23 – point b
Article 1 – paragraph 1 – point 23 – point b
Regulation (EU) No 575/2013
Article 92 – paragraph 6
Article 92 – paragraph 6
Amendment 1199 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
Regulation (EU) No 575/2013
Article 465 – paragraph 1 – introductory part
Article 465 – paragraph 1 – introductory part
1. By way of derogation from Article 92, paragraphs 3 and 6, parent institutions, parent financial holding companies, parent mixed financial holding companies, stand-alone institutions in the EU or stand-alone subsidiary institutions in Member Stateinstitutions may apply the following factor ‘x’ where calculating TREA:
Amendment 1217 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
2. By way of derogation from Article 92(3), point (a), EU parent institutions, EU parent financial holding companies or an EU parent mixed financial holding companies, stand-alone institutions in the EU or stand-alone subsidiary institutions in Member Statesinstitutions in may, until 31 December 2029, apply the following formula when calculating TREA:
Amendment 12 #
2021/0191(COD)
Proposal for a regulation
Recital 1
Recital 1
(1) The transition to a low-carbon, more sustainable, energy and resource-efficient, circular and fair economy is key to ensuring the long-term competitiveness of the economy of the Union and the well- being of its peoples. In 2016, the Union concluded the Paris Agreement31 . Article 2(1), point (c), of the Paris Agreement sets out the objective of strengthening the response to climate change by, among other means, making finance flows consistent with a pathway towards low greenhouse gas emissions and climate- resilient development. __________________ 31 Council Decision (EU) 2016/1841 of 5 October 2016 on the conclusion, on behalf of the European Union, of the Paris Agreement adopted under the United Nations Framework Convention on Climate Change (OJ L 282, 19.10.2016, p. 4).
Amendment 17 #
2021/0191(COD)
Proposal for a regulation
Recital 3
Recital 3
(3) Environmentally sustainable bonds are one of the maian instruments for financing investments related to low- carbon technologies, energy and resource efficiency as well as sustainable transport infrastructure and research infrastructure. Financial or non-financial undertakings or sovereigns can issue such bonds. Various existing initiatives for environmentally sustainable bonds do not ensure common definitions of environmentally sustainable economic activities. This prevents investors from easily identifying bonds the proceeds of which are aligned with, or are contributing to environmental objectives as laid down in the Paris Agreement. A transparent, credible and effective process of defining and labeling these bonds, based on technical, scientific and knowledge-based criteria is, therefore, important to provide the market and the investors with solid information that aims to facilitate financial flows and investments.
Amendment 21 #
2021/0191(COD)
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3a) In relation to the European Green Bond Standard, the designation ‘sustainability’" should only refer to the environmental dimension of sustainability.
Amendment 26 #
2021/0191(COD)
Proposal for a regulation
Recital 7
Recital 7
(7) A uniform set of specificset of harmonized requirements should therefore be laid down for bonds issued by financial or non- financial undertakings or sovereigns that voluntarily wish to use the designation ‘European green bond’ or ‘EuGB’ for such bonds. Specifying quality requirements for European green bonds in the form of a Regulation should ensure that there are uniform conditions for the issuance of such bonds by preventing diverging national requirements that could result from a transposition of a Directive, and should also ensure that those conditions are directly applicable to issuers of such bonds. Issuers that voluntarily use the designation ‘European green bond’ or ‘EuGB’ should follow the same rules based on the requirements for environmentally sustainable economic activities as outlined in Article 3 of Regulation (EU) 2020/852 regarding taxonomy across the Union, to increase market efficiency by reducing discrepancies and thereby also reducing the costs of assessing those bonds for investors. The requirements laid down in this regulation should only apply to bonds designated as ‘European green bond’ or ‘EuGB’. Other sustainable bonds that do not carry this designation should not be affected by this regulation.
Amendment 28 #
2021/0191(COD)
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) In order to achieve the objective of becoming the international ‘gold standard’ for green bonds, the regulation should remain voluntary, to maintain and promote its attractiveness for both domestic and international market participants.
Amendment 29 #
2021/0191(COD)
Proposal for a regulation
Recital 8
Recital 8
(8) In accordance with Article 4 of Regulation (EU) 2020/852, and in order to provide investors with clear, quantitative, detailed and common definitions, the requirements set out in Article 3 of that Regulation should be used to determine whether an economic activity qualifies as environmentally sustainable. Proceeds ofFor a bonds that useo carry the designation ‘European green bond’ or ‘EuGB’ should exclusively, at least 70% of its proceeds should be used to fund economic activities that either are environmentally sustainable and are thus aligned with the environmental objectives set out in Article 9 of Regulation (EU) 2020/852, or contribute to the transformation of activities to become environmentally sustainable. Those bonds can however be used both to finance such environmentally sustainable activities directly through the financing of assets and expenditures that relate to economic activities that meet the requirements set out in Article 3 of Regulation (EU) 2020/852, or indirectly through financial assets that finance economic activities that meet those requirements. It is therefore necessary to specify the categories of expenditures and assets that can be financed with the proceeds of bonds that use the designation ‘European green bond’ or ‘EuGB’.
Amendment 30 #
2021/0191(COD)
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) Issuers of Green Bonds should be allowed to deduct a reasonable amount of the issuance proceeds to cover administrative and issuance costs such as for underwriting, prospectus approval, assurance etc. before calculating the share of proceeds being taxonomy- compliant.
Amendment 32 #
2021/0191(COD)
Proposal for a regulation
Recital 9 a (new)
Recital 9 a (new)
(9a) This Regulation aims to create a gold standard for sustainable bonds and should therefore be fully aligned with the taxonomy rules for sustainable investments.
Amendment 33 #
2021/0191(COD)
Proposal for a regulation
Recital 10
Recital 10
(10) Sovereigns are frequent issuers of environmentally sustainable bonds and should therefore also be allowed to issue ‘European green bonds’, provided that the proceeds of such bonds are used to finance either assets or expenditure that meet the taxonomy, or assets or expenditure that will meet those requirements within a reasonably short period from the issuance of the bond concerned, which can be extended however where duly justified by the specific features of the economic activities and investments concerned. For financial stability reasons, European green bonds should not enjoy any beneficial prudential treatment or beneficial treatment under the stability and growth pact.
Amendment 35 #
2021/0191(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) Article 4 of Regulation (EU) 2020/852 requires Member States and the Union to apply the criteria set out in Article 3 of that Regulation to determine whether an economic activity qualifies as environmentally sustainable for the purposes of any measure setting out requirements for financial market participants or issuers in respect of financial products or corporate bonds that are made available as environmentally sustainable. It is therefore logical that the technical screening criteria referred to in Article 3, point (d), of Regulation (EU) 2020/852 should determine which fixed assets, expenditures and financial assets can be financed by the proceeds of European green bonds. In view of the expected technological progress in the field of environmental sustainability, the delegated acts adopted pursuant to Articles 10(3), 11(3), 12(2), 13(2), 14(2) or 15(2) of Regulation (EU) 2020/852 are likely to be reviewed and amended over time. Regardless of such changes, in order to provide legal certainty to issuers and investors and prevent amendments to the technical screening criteria from having a negative impact on the price of European green bonds that have already been issued, issuers should be able to apply the technical screening criteria applicable at the moment the European green bond was issued when allocating the proceeds of such bonds to eligible fixed assets or expenditures, until maturity of the bond. To ensure legal certainty for European green bonds whose proceeds are allocated to financial assets, it is necessary to clarify that the underlying economic activities funded by those financial assets should comply with the technical screening criteria applicable at the moment the financial assets were created. Where the relevant delegated acts are amended, the issuer should allocate proceeds by applying the amended delegated acts within fiveten years.
Amendment 37 #
2021/0191(COD)
Proposal for a regulation
Recital 12
Recital 12
(12) The time needed to transform an asset to align the economic activity to which it relates with the taxonomy requirements should reasonably not exceed fiveeight years, except in certain circumstances where it may take up to twelven years. For that reason, eligible capital expenditure should relate to economic activities that meet or will meet the taxonomy requirements within fiveeight years from the issuance of the bond, unless a longer period of up to twelven years is justified by the specific features of the economic activities and investments concerned.
Amendment 38 #
2021/0191(COD)
Proposal for a regulation
Recital 12 a (new)
Recital 12 a (new)
(12a) While this regulation introduces clear criteria for the use of the proceeds generated by a green bond issuance, it should not introduce any additional entity-level requirements for the issuer.
Amendment 39 #
2021/0191(COD)
Proposal for a regulation
Recital 13
Recital 13
(13) Investors should be provided with all information necessary to evaluate the environmental impact of European green bonds, and to compare such bonds with each other. For that purpose, specific and standardised disclosure requirements need to be set out which provide transparency about how the issuer intends to allocate the bond proceeds to eligible fixed assets, expenditures and financial assets and how those proceeds have actually been allocated. This information should be based on science based harmonised, comparable and uniform indicators and be consistent with the harmonised life cycle assessment. Such transparency can best be achieved by means of European green bond factsheets and annual allocation reports. To strengthen the comparability of European green bonds and to facilitate the localisation of relevant information, it is necessary to lay down templates for the disclosure of such information.
Amendment 41 #
2021/0191(COD)
Proposal for a regulation
Recital 13 a (new)
Recital 13 a (new)
(13a) Disclosure requirements should guarantee high standards of investor protection, transparency and comparability. However, these requirements should not represent an excessive administrative and bureaucratic burden to issuers. Therefore, both the requirements and the templates should be legally certain, accessible and safeguard simple and effective processes to guarantee full compliance.
Amendment 42 #
2021/0191(COD)
Proposal for a regulation
Recital 14
Recital 14
(14) Investors should benefit from cost- effective access to reliable and reasonably detailed information about the European green bonds. Issuers of European Green Bonds should therefore contract external reviewers to provide a pre-issuance review of the European green bond factsheet, and post-issuance reviews of European green bond annual allocation reports.
Amendment 43 #
2021/0191(COD)
Proposal for a regulation
Recital 15
Recital 15
(15) Issuers of European green bonds should abide by their commitments to investors and allocate the proceeds of their bonds within a reasonably short time after issuance. At the same time, issuers should not be penalised for allocating bond proceeds to economic activities that do not yet meet the taxonomy requirements, but will do so within the fiveeight year period (or extended twelven year period). Issuers should in any case allocate all proceeds of their European green bonds before the maturity of each bond.
Amendment 47 #
2021/0191(COD)
Proposal for a regulation
Recital 18
Recital 18
(18) To improve transparency, issuers should also disclose the environmental impact of their bonds by means of the publication of impact reports, which should be published at least once during the lifetime of the bondevery five years until maturity. In order to provide investors with all information relevant to assess the environmental impact of European green bonds, impact reports should clearly specify the metrics, methodologies and assumptions applied in the assessment of the environmental impacts. To strengthen the comparability of European green bonds and to facilitate the localisation of relevant information, it is necessary to lay down templates for the disclosure of such information. The impact reports should be subject to scrutiny by external reviewers.
Amendment 49 #
2021/0191(COD)
Proposal for a regulation
Recital 20
Recital 20
(20) To ensure the efficiency of the market for European green bonds, issuers should publish on their websites details about the European green bonds they issue. To ensure the reliability of information and investor confidence, they shall also publish the pre-issuance review as well as any post-issuance reviews. To ensure high standards of transparency, accessibility and investor protection, these publications should be available in an accessible way within the website, with adequate timelines that allow the user to identify the substantial changes from one review to another.
Amendment 51 #
2021/0191(COD)
Proposal for a regulation
Recital 24
Recital 24
(24) To ensure the independence of external reviewers and safeguard high standards of transparency and ethical conduct, external reviewers should avoid situations of actual or potential conflict of interest and manage those conflicts adequately when they are unavoidable. External reviewers should therefore disclose any conflicts of interest in a transparent and timely manner. They should also keep records of all significant threats to their independence, to that of their employees and to that of other persons involved in the external review process. They should also keep records of the safeguards applied to mitigate those threats.
Amendment 53 #
2021/0191(COD)
Proposal for a regulation
Recital 26 a (new)
Recital 26 a (new)
(26a) In order to support ESMA´s activity in the exercise of its general competence for the registration and ongoing supervision of registered external reviewers in the Union, the national competent authorities should cooperate, with ESMA in a loyal and effective way, with exchange of information mechanisms that guarantee a transparent, credible and effective process of registration and supervision. To that end, ESMA should be provided with sufficient resources.
Amendment 54 #
2021/0191(COD)
Proposal for a regulation
Recital 31
Recital 31
(31) In accordance with Article 290 TFEU, power should be delegated to the Commission to specify the procedure for the exercise of the power to impose fines or periodic penalty payments, including provisions on rights of defence, temporal provisions, the collection of fines or periodic penalty payments, and detailed rules on the limitation periods for the imposition and enforcement of penalties and the type of fees, the matters for which fees are due, the amount of the fees, and the manner in which those fees are to be paid. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert and national competent authorities level , and that those consultations be conducted in accordance with the principles laid down in the Interinstitutional Agreement of 13 April 2016 on Better Law-Making35 . In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council should receive all documents at the same time as Member States’ experts, and their experts should systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts. __________________ 35 OJ L 123, 12.5.2016, p. 1.
Amendment 56 #
2021/0191(COD)
Proposal for a regulation
Recital 32
Recital 32
(32) As a body with highly specialised expertise, it would be efficient and appropriate to entrust ESMA with the development of draft regulatory and implementing technical standards that do not involve policy choices for submission to the Commission. The European Parliament and the Commission should be properly and timely informed of those draft standards in order to safeguard proper democratic scrutiny.
Amendment 61 #
2021/0191(COD)
Proposal for a regulation
Recital 37 a (new)
Recital 37 a (new)
(37a) The EU Green Bond Standard should remain a voluntary tool and should not be made mandatory at a further stage.
Amendment 63 #
2021/0191(COD)
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
This Regulation lays down uniform requirements for issuers of bonds that wish to use the designation ‘European green bond’ or ‘EuGB’ for their environmentally sustainable bonds made available to investors in the Union, and establishes a registration system and supervisory framework for external reviewers of European green bonds. This Regulation shall not apply to other bonds marketed as sustainable in the Union.
Amendment 70 #
2021/0191(COD)
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
As of the entry in force of this regulation and at least for ten years thereafter, the use of the designation "European Green Bonds" or "EuGB" shall remain voluntary for all issuers.
Amendment 81 #
2021/0191(COD)
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 1
Article 6 – paragraph 1 – subparagraph 1
1. The use of proceeds referred to in Article 4 shall relate to economic activities that meet the taxonomy requirements, or that will meet the taxonomy requirements within a defined period of time as set out in a taxonomy-alignment plan. Costs related to cases where the environmental objectives set out in Article 9 of Regulation (EU) 2020/852 are not directly applicable as a result of factors such as the innovative nature, the complexity, and/or the location of the activity and the costs related to the issuance costs of the bond shall also be covered by the bond proceeds.
Amendment 85 #
2021/0191(COD)
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 3
Article 6 – paragraph 1 – subparagraph 3
The period referred to in the first and second subparagraph shall not exceed fiveeight years from bond issuance, unless a longer period of up to ten12 years is justified by the specific features of the economic activities concerned as documented in a taxonomy- alignment plan. The Commission shall adopt delegated acts in accordance with Article 60 in order to supplement this Regulation by outlining the list of economic activities that qualify for the application of the extended period of up to 12 years.
Amendment 90 #
2021/0191(COD)
Proposal for a regulation
Article 6 a (new)
Article 6 a (new)
Article 6a Use of Proceeds in Case of Securitisation In case a European Green Bond is used for securitisation purposes, the requirements of Article 6shall apply to the entity from which the issuance economically originates.
Amendment 102 #
2021/0191(COD)
Proposal for a regulation
Article 8 – paragraph 1 – point b
Article 8 – paragraph 1 – point b
(b) ensure that the completed European green factsheet has been subject to a pre- issuance review with a positive opinion by an external reviewer, duly registered with ESMA pursuant to this Regulation.
Amendment 107 #
2021/0191(COD)
Proposal for a regulation
Article 9 – paragraph 3
Article 9 – paragraph 3
3. Issuers of European green bonds shall obtain a post-issuance review by an external reviewer of the allocation report drawn up after the full allocation of the proceeds of the European green bond in accordance with Articles 4 to 7. That external reviewer shall be registered with ESMA.
Amendment 109 #
2021/0191(COD)
Proposal for a regulation
Article 9 – paragraph 4
Article 9 – paragraph 4
4. Where, following the publication of the allocation report in accordance with Article 13(1), point (c), the allocation of proceeds is corrected, issuers of the European green bonds concerned shall amend the allocation report and obtain a post-issuance review by an external reviewer of that amended allocation report. That external reviewer shall be registered with ESMA.
Amendment 110 #
2021/0191(COD)
Proposal for a regulation
Article 9 – paragraph 5
Article 9 – paragraph 5
5. By way of derogation from paragraph 3, every allocation report from issuers that are financial undertakings that allocate proceeds from a portfolio of several European green bonds to a portfolio of financial assets as referred to in Article 5 shall be subject to a post-issuance review by an external reviewer. The external reviewer, duly registered with ESMA, shall pay particular attention to those financial assets that were not included in any previously published allocation report.
Amendment 112 #
2021/0191(COD)
Proposal for a regulation
Article 9 – paragraph 6
Article 9 – paragraph 6
6. Issuers of European green bonds shall provide the allocation reports referred to in paragraph 3, 4, and 5 to an external reviewer within 30 days following the end of the year to which the allocation reports refer. Tand shall make the post-issuance review must be made public within 9120 days following the receiptend of the year to which the allocation reports refer.
Amendment 113 #
2021/0191(COD)
Proposal for a regulation
Article 9 – paragraph 7 – point a
Article 9 – paragraph 7 – point a
(a) an assessment of whether the issuer has allocated the proceeds of the bond in compliancealignment with Articles 4 to 7 based on the information provided to the external reviewer;
Amendment 114 #
2021/0191(COD)
Proposal for a regulation
Article 9 – paragraph 7 – point b
Article 9 – paragraph 7 – point b
(b) an assessment of whether the issuer has complialigned with the intended use of proceeds set out in the green bond factsheet based on the information provided to the external reviewer;
Amendment 116 #
2021/0191(COD)
Proposal for a regulation
Article 9 – paragraph 8
Article 9 – paragraph 8
8. Where bond proceeds are allocated to tax relief as referred to in Article 4(2), point (c) or subsidies as referred to in Article 4(2), point (d), the post-issuance review shall only assess compliancethe extent to which the issuer has aligned with Articles 4 to 7 of the terms and conditions under which those expenditures or transfers have been disbursed, based on the information provided to the external reviewer.
Amendment 117 #
2021/0191(COD)
Proposal for a regulation
Article 10 – paragraph 1
Article 10 – paragraph 1
1. Issuers of European green bonds shall, after the full allocation of the proceeds of such bonds and at least once during the lifetimeevery five years until the maturity of the bond, draw up a European green bond impact report on the environmental impact of the use of the bond proceeds by using the template laid down in Annex III. That report shall be subject to scrutiny by external reviewers.
Amendment 124 #
2021/0191(COD)
Proposal for a regulation
Article 13 – paragraph 1 – introductory part
Article 13 – paragraph 1 – introductory part
1. Issuers of European green bonds shall publish on their website, in a distinct and accessible section titled ‘European green bonds’ and make available free of charge until at least the maturity of the bonds concerned, all of the following:
Amendment 125 #
2021/0191(COD)
Proposal for a regulation
Article 13 – paragraph 1 – point c
Article 13 – paragraph 1 – point c
(c) the European green bond annual allocation reports referred to in Article 9, every year until the full allocation of the proceeds of the European green bond concerned, no later than three months following the end of the year it refers to;without undue delay
Amendment 127 #
2021/0191(COD)
Proposal for a regulation
Article 13 – paragraph 4
Article 13 – paragraph 4
4. Issuers of European green bonds shall notify the National Competent Authority referred to in Article 36 of the publication of all the documents referred to in paragraph 1 without undue delin 30 days.
Amendment 131 #
2021/0191(COD)
Proposal for a regulation
Article 14 – paragraph 1
Article 14 – paragraph 1
1. External reviewers for European green bonds shall, before taking up their activities, register with ESMAa recognised registration authority.
Amendment 132 #
2021/0191(COD)
Proposal for a regulation
Article 14 – paragraph 1 a (new)
Article 14 – paragraph 1 a (new)
1a. The recognised registration authority referred to in paragraph 1 shall be the national competent authority of the Member State of the registered office of the external reviewer. Notwithstanding the first subparagraph, in the case of external reviewers that are already subject to the supervision of ESMA in accordance with Union law, the recognised registration authority referred to in paragraph 1 shall be ESMA. For the purpose of the first subparagraph, the national competent authority shall be an authority designated by national law as having responsibility for the supervision of financial market participants or auditors. National competent authorities shall notify ESMA of the information required for the establishment of the publicly accessible register referred to in Article 59 with regard to the external reviewers that have registered with them.
Amendment 133 #
2021/0191(COD)
Proposal for a regulation
Article 14 – paragraph 2
Article 14 – paragraph 2
2. External reviewers registered with ESMAa recognised registration authority shall meet the conditions for registration laid down in Article 15(2) at all times.
Amendment 135 #
2021/0191(COD)
Proposal for a regulation
Article 15 – paragraph 1 – point h
Article 15 – paragraph 1 – point h
(h) the policies or procedures implemented by the applicant to identify, and eliminate or manage and disclose anyin a transparent manner any actual or potential conflicts of interests as referred to in Article 27;
Amendment 137 #
2021/0191(COD)
Proposal for a regulation
Article 15 – paragraph 1 – point i
Article 15 – paragraph 1 – point i
(i) where applicable, documents and information related to any existing or planned outsourcing arrangements for activities of the external reviewer covered by this Regulation, including information on entities assuming outsourcing functions;
Amendment 139 #
2021/0191(COD)
Proposal for a regulation
Article 15 – paragraph 2 – point a – point iv
Article 15 – paragraph 2 – point a – point iv
(iv) is experienced in either quality assurance, quality control, the performance of pre- and post-issuance reviews and, the provision of second party alignment opinions, or financial services;
Amendment 140 #
2021/0191(COD)
Proposal for a regulation
Article 15 – paragraph 3 – subparagraph 1
Article 15 – paragraph 3 – subparagraph 1
3. ESMA shall assess whether the application is complete within 2015 working days after its receipt.
Amendment 141 #
2021/0191(COD)
Proposal for a regulation
Article 15 – paragraph 3 – subparagraph 2
Article 15 – paragraph 3 – subparagraph 2
Where the application is not complete, ESMA shall notify the applicant thereof and set a deadline by which the applicant is to provide additional information, without undue delay.
Amendment 142 #
2021/0191(COD)
Proposal for a regulation
Article 15 – paragraph 3 – subparagraph 3
Article 15 – paragraph 3 – subparagraph 3
Where the application is complete, ESMA shall notify the applicant thereof, without undue delay.
Amendment 144 #
2021/0191(COD)
Proposal for a regulation
Article 15 – paragraph 4 – subparagraph 3
Article 15 – paragraph 4 – subparagraph 3
ESMA shall notify in writing an applicant, without undue delay, of his or her registration as an external reviewer, or of its refusal to register an applicant. The decision to register or the refusal to register shall provide reasons and take effect on the fifth working day following its adoption.
Amendment 145 #
2021/0191(COD)
Proposal for a regulation
Article 16 – paragraph 1 – subparagraph 1
Article 16 – paragraph 1 – subparagraph 1
1. An external reviewer shall notify ESMA of any material changes in the information provided in accordance with Article 15(1) or in the facts concerning the information referred to in Article 15(1) before such changes are implemented and without undue delay
Amendment 146 #
2021/0191(COD)
Proposal for a regulation
Article 16 – paragraph 1 – subparagraph 2
Article 16 – paragraph 1 – subparagraph 2
ESMA shall analyse those material changes. Where ESMA objects to such material changes, it shall inform the external reviewer within two month45 working days of the notification of those changes and shall state the reasons for the objection. The changes referred to in the first subparagraph may only be implemented provided that ESMA does not object to those changes within that period.
Amendment 147 #
2021/0191(COD)
Proposal for a regulation
Article 19 – paragraph 1 – point c
Article 19 – paragraph 1 – point c
(c) that any actual or potential conflicts of interest are properly identified and eliminated or , managed and disclosed in a transparent manner;
Amendment 153 #
2021/0191(COD)
Proposal for a regulation
Article 27 – paragraph 1
Article 27 – paragraph 1
1. External reviewers shall identify, eliminate, or manage and disclose in a transparent manner any actual or potential conflicts of interest, irrespective of whether that conflict of interest concerns their analysts or employees, any person that is contractually related to the external reviewers and that is directly involved in assessment activities, or persons approving pre-issuance reviews and post-issuance reviews.
Amendment 160 #
2021/0191(COD)
Proposal for a regulation
Article 30 – paragraph 1 – introductory part
Article 30 – paragraph 1 – introductory part
1. External reviewers shall publish and make available free of charge on their websites and on the relevant trading venue all of the following:
Amendment 162 #
2021/0191(COD)
Proposal for a regulation
Article 31 – paragraph 7
Article 31 – paragraph 7
7. Within 20 working days of receipt of the application, ESMA shall assess whether the application is complete. Where the application is not complete, ESMA shall set a deadline, without undue delay, by which the applicant third-country external reviewer is to provide additional information.
Amendment 163 #
2021/0191(COD)
Proposal for a regulation
Article 31 – paragraph 9 – subparagraph 1 a (new)
Article 31 – paragraph 9 – subparagraph 1 a (new)
ESMA may extend the period referred to in the first subparagraph by 15 working days where the applicant intends to use outsourcing to perform its activities as an external reviewer.
Amendment 164 #
2021/0191(COD)
Proposal for a regulation
Article 34 – paragraph 5 – subparagraph 5
Article 34 – paragraph 5 – subparagraph 5
ESMA shall notify an applicant, without undue delay, of its recognition as a third country external reviewer or of its refusal. The decision to recognise or the refusal to recognise shall provide reasons and take effect on the fifth working day following its adoption.
Amendment 165 #
2021/0191(COD)
Proposal for a regulation
Article 35 – paragraph 3 – subparagraph 3
Article 35 – paragraph 3 – subparagraph 3
Where the application is complete, ESMA shall notify the applicant thereof, without undue delay.
Amendment 170 #
2021/0191(COD)
Proposal for a regulation
Article 37 – paragraph 3
Article 37 – paragraph 3
3. Member States shall ensure that appropriate measures are in place so that competent authorities have all the supervisory and investigatory powers, as the adequate resources, that are necessary to fulfil their duties.
Amendment 175 #
2021/0191(COD)
Proposal for a regulation
Article 44 – paragraph 4
Article 44 – paragraph 4
4. Competent authorities shall ensure that any publication in accordance with this Article shall remain on their official website for a period of at least five years after its publication. Personal data contained in the publication shall be limited to the essential data regarding the specific case and shall be kept on the official website of the competent authority only for the period which is necessary in accordance with the applicable data protection rules.
Amendment 176 #
2021/0191(COD)
Proposal for a regulation
Article 47 – paragraph 2 – point d
Article 47 – paragraph 2 – point d
(d) set a reasonable time-limit within which the information is to be provided;
Amendment 180 #
2021/0191(COD)
Proposal for a regulation
Article 64 – paragraph 1
Article 64 – paragraph 1
This Regulation shall enter into force on the twentieth daye year following that of its publication in the Official Journal of the European Union.
Amendment 2 #
2020/2078(INI)
Motion for a resolution
Citation 1 a (new)
Citation 1 a (new)
- having regard to the Treaty on the Functioning of the European Union (TFEU), in particular its Articles 121(2) and 136 and Protocols No 1 and 2 thereto,
Amendment 3 #
2020/2078(INI)
Motion for a resolution
Citation 1 b (new)
Citation 1 b (new)
- having regard to the Commission reports of 17 December 2019 entitled ‘Alert Mechanism Report 2020’ (COM(2019)0651) and to the Commission recommendation for a Council recommendation on the economic policy of the euro area (COM(2019)0652),
Amendment 4 #
2020/2078(INI)
Motion for a resolution
Citation 1 c (new)
Citation 1 c (new)
- having regard to the Council recommendation of 10 February 2020 on the economic policy of the euro area, 1a _________________ 1a https://www.consilium.europa.eu/en/press /press-releases/2020/02/18/council- approves-its-recommendation-on-the- economic-policy-of-the-euro-area-for- 2020/
Amendment 5 #
2020/2078(INI)
Motion for a resolution
Citation 1 d (new)
Citation 1 d (new)
Amendment 16 #
2020/2078(INI)
Motion for a resolution
Recital B
Recital B
B. whereas the shock is symmetrical but the impact varies considerably among Member States, reflecting the severity of the pandemic and the stringency of their containment measures, but also their specific economic exposures and initial conditions, including their available scope for discretionary fiscal policy responses, emphasizing that those Member States which gradually have had built fiscal buffers were better placed to mobilise fiscal stimulus packages at much faster pace and without associated borrowing costs, which helped to mitigate negative socio-economic effects of the pandemic;
Amendment 36 #
2020/2078(INI)
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas solidarity-based European response also means responsibility which requires a credible repayment plan to be presented before the adoption of the MFF and NGEU;
Amendment 54 #
2020/2078(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes with great concern that, according to the Commission’s Spring 2020 economic forecast, the EU is expected to suffering the deepest recession in its history in 2020;; Euro area GDP is expected to contract by 7,7% (7,4% in the EU) in 2020 with the rebound of 6,3% (6,1% in the EU) in 2021; 1a _________________ 1a Spring forecast 2020, page 168, Table 1. https://ec.europa.eu/info/sites/info/files/ec onomy-finance/ip125_en.pdf
Amendment 59 #
2020/2078(INI)
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
Amendment 66 #
2020/2078(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Is concerned at the remarkably negative impact of the COVID-19 crisispandemic on the globalEU’s economy, trade, incomeparticularly on SMEs, Single Market and its competitiveness, multilateralism, inequalities and poverty;
Amendment 76 #
2020/2078(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Points out that the Commission’s estimate of the investment needs of the EU for delivering the green transition and digital transformation amounts to at least EUR 595 billion per year8 ; _________________ 8Commission Staff Working Document - Identifying Europe's recovery needs, p. 16:aggregate liquidity measures provided in response to the pandemic outbreak amount to 22% of EU GDP and were complemented by existing EU budget instruments offering support of up to about 4½% of EU GDP; 1a _________________ 1aPage 3 of the Spring 2020 forecast. https://ec.europa.eu/info/sites/info/files/ec onomy- finance/assessment_of_economic_and_in vestment_needsip125_en.pdf
Amendment 80 #
2020/2078(INI)
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
Amendment 81 #
2020/2078(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recognises that the EU faces the unprecedented challenge of mitigating the social and economic consequences of the historic recession and setting the course for a rapid economic recovery linked to a strengthening of the Single Market and SMEs, competitiveness, sustainable and just transition and digital transformation; is convinced that, for this, a significant increase in public and private investment compared to the 2010srivate and public investment is indispensable and that the increased level of economically viable investment must be stabilised for many years to come, while there is also a need for enhanced convergence in the EU;
Amendment 105 #
2020/2078(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the swift and strong response to the crisis in the area of monetary and fiscal policy, at both EU and Member State level, as well as the European Recovery Plan; considers it essential that the recovery package is fully aligned with the EU’s new growth strategy, i.e. in accordance with the principles of the European Green Deal (EGD), the European Pillar of Social Rights (EPSR) and the United Nations Sustainable Development Goals (SDGs), and with the aim to; demands that funds and resources be directed to projects and beneficiaries that spend the resources responsibly, effectively and for economically viable protject women’s rights and achieve gender equality; demands that funds and resources be directed to projects and beneficiaries thats, while enhancing ownership of the European Semester, under strict monitoring, comply with our Treaty- based fundamental values and that recipient firms from state aid or EU funds protect their workers, pay their fair share of taxes, and those firms benefiting from State aid or recovery funds, where applicable, refrain from paying out dividends or offering share buy- back schemes aimed at remunerating shareholders; particular attention need to be paid to empower women and promote gender equality;
Amendment 125 #
2020/2078(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes theNotes the temporary activation of the general escape clause ofunder the Stability and Growth Pact, and expects that it will remain activated at least until the end of 2021no longer then it is strictly necessary in order to support the efforts of the Member States to recover from the pandemic crisis and strengthen their competitiveness, economic and social resilience;
Amendment 128 #
2020/2078(INI)
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Highlights that the current EU fiscal and budgetary rules have proven to provide the needed flexibility in crisis times and have demonstrated extraordinary counter-cyclicality allowing all Member States to adopt necessary fiscal stance to protect the EU’s economies;
Amendment 135 #
2020/2078(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Recalls the specific need to foster convergence within the euro area and EU as such;
Amendment 159 #
2020/2078(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Is concerned about the significant but uneven negative impact of the COVID- 19 crisis on government deficit and private debt, which further aggravates the situation of Member States that are particularly affected by the pandemic and/or pre- existing high levels of government debt; calls for a solution that guarantees the sustainability of public debtle reduction of public debt, particularly in Member States which had high levels of public debt before the fallout of the pandemic;
Amendment 169 #
2020/2078(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Considers it essential that the revisionew of the EU’s fiscal and economic policy framework should be completed by the time, but no longer than underlying justification of the activation cease to exist, the escape clause is repealed and shoulddeactivated to enable fiscal policy to respond with discretion to future shocks in the short term, and to reduce; therefore reduction of Member States high public debt ratios to an agreed reference value in the long termpre-defined time, while ballowancing national budgets to leave a sufficient level of public investment, progressive tax policies and the repayment of loans in a cycle- comfortable manner and convergence, and the long-term modernisation of public commodities is very important;
Amendment 184 #
2020/2078(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. PropoWishes to sese a combination of expenditure rules for public non- inverapid EU’s recovery from the COVID-19 crisis by stmrent expenditure and a golden rule for public investment which is central to both; wishes to see a rapid recovery from the COVID-19 crisis andgthening the Single Market, competitiveness, cohesion, a transition to a cleaner, socially sustainable and more digital society;
Amendment 201 #
2020/2078(INI)
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. recalls that the European Semester cycle is a framework for EU Member States to coordinate their budgetary and economic policies;
Amendment 207 #
2020/2078(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Welcomes the refocusimmediate attention of the European Semester Spring Package aimed at providing an immediate economic policy response to tackle and mitigate the health and socio-economic impact of COVID-19 and reboot economic activity; supports the Commission’s announcement of a reform of the European Semester to convert it into a tool to coordinate the recovery measures, fram, with particular attention to SMEs support; notes that the European Semester Spring Package proposed country-specific recommendations (CSRs) providing economic policy guidance to all EU Member States in the context of the coronavirus pandemic, focused byon the principles of the EGD, the EPSR and the SDGs; is convinced that this has to include the coordination of measures concerning state aid and tax policies; underlines the need for the intmost urgent challenges brought about by the pandemic and on relaunching sustainable growth and that recommendations are structured around two objectives: in the short-term, mitigating the coronavirus pandemic's severe negration of a new set of binding sustainability and wellbeing indicators and alternative measurements of growth performance; ve socio-economic consequences; and in the short to medium-term, achieving sustainable and inclusive growth which facilitates the green transition and the digital transformation; 1a _________________ 1a https://ec.europa.eu/commission/presscor ner/detail/en/ip_20_901
Amendment 219 #
2020/2078(INI)
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Calls on the Commission urgently to start work on the creation of dedicated coordination mechanism in the EU to ensure that Europe is able to become the first climate-neutral continent by 2050;
Amendment 223 #
2020/2078(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Recognises the role that the Commission has allotted to the European Semester in the Recovery Plan; notes, however, that the effectiveness and success of the alignment of Member States’ investment and reform programmes to the Semester process will depend on the progress of the Semester reform and the above-mentioned reform of the Stability and Growth Pact; ownership by the Member States, more specifically, the implementation of the country-specific recommendations, therefore, calls on the Commission to communicate more proactively and better with the Member States and offer tailor- made solutions ahead of the customary adoption of the CSRs, especially now that the Recovery and Resilience Facility will be embedded into the semester, it is visible that the communication has to be improved as EU Member States made at least some progress on only 40% (37 out of 93) of recommendations under the 2019 European Semester; 1a _________________ 1a https://www.europarl.europa.eu/RegData/ etudes/ATAG/2020/624400/IPOL_ATA(2 020)624400_EN.pdf
Amendment 240 #
2020/2078(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Reiterates its call for the strengthening of Parliament’s democratic role in the economic governance framework in any upcoming Treaty change and, in the meantime, for an Interinstitutional Agreement on Sustainable European Governance granting Parliament a right of consent on the policy recommendations presented in the Annual Sustainable Growth Survey, the euro area fiscal package and the Country Specific RecommendationsHighlights the importance of full debate and proper involvement of national parliaments, European Parliament and relevant stakeholders in the process of the European Semester, welcomes the European Parliament’s role as defined by the two- and six-packs and calls on the Council and Commission to take due account of the resolutions adopted;
Amendment 251 #
2020/2078(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Underlines that publictax revenues are essential to finance the post-pandemic recovery restoring EU’s competiveness and the just transition to a sustainable economy; recalls thate importance to fight tax fraud, tax evasion and, tax avoidance at EU level amount to up to EUR 160-190 billion each year, constituting missing revenues for the treasuriend money laundering both at national and EU levels;
Amendment 268 #
2020/2078(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Recalls the urgent need to strengthen the Banking Union and complete and reinforce the EMU architecture with a view to protecting citizens and reducing pressure on public finances during external shocks so as to overcome social and economic imbalances, by creating a fiscal capacity for public investment, a macroeconomic stabilisation and cohesion function for the euro area, and a European unemployment benefit reinsurance scheme;
Amendment 20 #
2020/2058(INI)
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas all sectors of the EU economy will be impacted by the transition towards a sustainable economy,
Amendment 22 #
2020/2058(INI)
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the path to climate neutrality by 2050, with a first milestone of 50 to 55% by 2030 emission reductions compared to 1990, will boost the competitiveness of the Union economy and result in a surplus of sustainable, high quality jobs,
Amendment 26 #
2020/2058(INI)
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the EU climate law will set in stone the EU’s commitment to climate neutrality by 2050, including ambitious intermediary steps necessary to achieve this objective,
Amendment 27 #
2020/2058(INI)
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the Commission has estimated the investment needs at EU level in order to achieve the current 2030 climate objectives at 240 bn EUR/year1a plus additional amounts of 130 bn EUR/year for environmental objectives , 192 bn EUR/year for social infrastructure and 100bnEUR/year for Europe’s wider transport infrastructure, whereas it is essential to mobilize all available funds to close the investment gap, __________________ 1a https://ec.europa.eu/info/sites/info/files/ec onomy- finance/assessment_of_economic_and_in vestment_needs.pdf
Amendment 29 #
2020/2058(INI)
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the European Green Deal is a growth strategy and should lead to sustainable and inclusive economic growth, job creation and ensure the strategic autonomy of the EU,
Amendment 31 #
2020/2058(INI)
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas public and private finance should adhere to the EU Taxonomy and to the Do Not Significantly Harm principle so that EU financial instruments, including the EU budget, including facilities financed through Next Generation EU, the EU Semester, the EU Investment Plan, the EIB, ECB and EU funding sources such as cohesion funds and structural and investment funds, should not go to objects, projects and activities that do significantly harm to social or environmental objectives,
Amendment 32 #
2020/2058(INI)
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the Covid-19 sanitary crisis underlines the importance of investments in a socially and environmentally sustainable economy, in particular investments promoting cutting edge R&D, competitive industry, deepening and strengthening of the single market, strong SMEs, healthcare, a strong welfare system and social wellbeing,
Amendment 34 #
2020/2058(INI)
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas creating a sustainable economic system is central to developing long-term strategic autonomy of the European Union and to increase the EU’s resilience,
Amendment 35 #
2020/2058(INI)
Motion for a resolution
Recital -A (new)
Recital -A (new)
Amendment 50 #
2020/2058(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a more sustainable and resilient economy; stresses that the plan should be at the heart of a coordinated and inclusive Union response to building a more resilient economy and society after the Covid-19 crisis;
Amendment 99 #
2020/2058(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that the success of the EU’s aim to achieve climate neutrality will, among other factors, depend on the adequacy of the financing;
Amendment 101 #
2020/2058(INI)
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
Amendment 107 #
2020/2058(INI)
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Notes that on the path to achieving climate neutrality Member States’ starting points differ; in this respect, considers that the SEIP should leave nobody behind and should focus, where necessary, on reducing disparities between Member States and regions as regards the achievement of climate neutrality objectives;
Amendment 112 #
2020/2058(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Questions whether the SEIP, as currently constituted, will enable the mobilisation of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets; regrets that the SEIP alone will not be sufficient to finance the objectives of the Green Deal and that additional investments will have a decisive role in the success of the Green Deal; calls on the Commission and EU Member States to come forward with plans that explain how they will bridge the considerable investment gap with both private and public investments;
Amendment 130 #
2020/2058(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy; calls on the Commission to propose, after consultation of Parliament, and using similar criteria a framework laying down a methodology establishing eligibility criteria for climate-related expenditures, defining and tracking climate expenditure together with a proofing mechanism to identify harmful impacts in accordance with the “do not significantly harm” principle and the commitments under the Paris Agreement;
Amendment 148 #
2020/2058(INI)
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Highlights that the success of the Sustainable Europe Investment Plan depends on the coherence of EU policies, therefore underlines the need for harmonised sustainability indicators and a methodology for measuring impact, including LCA and natural capital accounting;
Amendment 178 #
2020/2058(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Calls for the gradual phasing-out of public and private investments in highly polluting and harmful industries for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix;
Amendment 186 #
2020/2058(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Stresses the central role of the EU budget in delivering the SEIP; reiterates its long-standing position that new initiatives should always be financed through additional appropriations and should not negatively affect other policies; considers, therefore, that the financing of any new proposals deriving from the European Green Deal should be calculated in addition to the Commission’s previous proposals for the next MFF; considers that any cuts will ultimately affect also the financing of the Sustainable Europe Investment Plan; calls on Commission and Member States to deliver on their political commitments and equip the Union with a future-proof MFF that is capable to respond to the expectations of the citizens;
Amendment 228 #
2020/2058(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Welcomes the proposal to top up the Just Transition Fund (JTF), including with additional funds from Next Generation EU, and the two additional pillars of the Just Transition Mechanism, namely a dedicated scheme under InvestEU and a public sector loan facility, which will contribute to alleviating the economic effects of the transition to climate neutrality on the most vulnerable regions in the EU; considers that, for these pillars to be a success, it is essential to guarantee sufficient technical assistance for Member States and regions in order to ensure that funding is efficiently spent and reaches those most in need;
Amendment 246 #
2020/2058(INI)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Calls for ensuring that third countries are eligible for cross- border projects that contribute to the objectives of the Paris Agreement;
Amendment 251 #
2020/2058(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Welcomes the role of InvestEU in the implementation and functioning of the SEIP and considers that it should be at the heart of the Union’s green, fair and resilient recovery; welcomes, therefore, the Commission’s proposal to increase the programme’s size and scope; welcomes the proposal to create a Strategic Investment Facility within InvestEU to promote sustainable investments in key technologies and value chains; stresses, taking account of past experience in the functioning of EFSI, that it is necessary to ensure adequate technical assistance is available on the ground , in order to ensure that projects are financed where they are most needed and that they provide genuine additionality; considers that it may be necessary to allocate further resources to the Advisory Hub, bearing in mind the intention to increase the size and scope of the programme;
Amendment 262 #
2020/2058(INI)
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. Recalls the important role of EU’s main investment policies in achieving the objectives of the SEIP; stresses that cohesion policy, as the main EU investment policy, will play a crucial role in supporting the transition to climate neutrality; draws the attention, however, that in the aftermath of the Covid-19 crisis, cohesion policy will be one of the decisive instruments in the economic recovery and should not divert from its main objectives namely to contribute to social, economic and territorial cohesion, as stipulated by the EU Treaties;
Amendment 266 #
2020/2058(INI)
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
Amendment 267 #
2020/2058(INI)
Motion for a resolution
Paragraph 11 c (new)
Paragraph 11 c (new)
11c. Is convinced that research will play a crucial role in putting forward innovative solutions that will ease the transition towards climate neutrality; calls in this respect to make an increased use of the added value of the research and innovation programmes from the EU Budget to develop new and cost effective technological solutions to achieve climate neutrality; notes that in order to adequately finance EU research programmes, an increase in their budget is required;
Amendment 268 #
2020/2058(INI)
Motion for a resolution
Paragraph 11 d (new)
Paragraph 11 d (new)
Amendment 269 #
2020/2058(INI)
Motion for a resolution
Paragraph 11 e (new)
Paragraph 11 e (new)
11e. Believes that in line with the EU priorities laid down by the European Green Deal, a successful energy transition can happen only with the involvement with our immediate neighbours by enabling the EU market integration and delivering on the EU net zero climate objective; therefore calls for further engagement with neighbouring countries to uphold the EU’s climate ambition;
Amendment 277 #
2020/2058(INI)
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Considers it necessary to avoid any overlap with related activities funded through the Union budget and believes that the existence of these Funds outside the Union budget could be to the detriment of budgetary oversight; urges the Commission to keep the budgetary authority properly informed of the Funds’ implementation;
Amendment 278 #
2020/2058(INI)
Motion for a resolution
Paragraph 12 b (new)
Paragraph 12 b (new)
12b. Stresses that cohesion policy, as the main EU investment policy, will play a crucial role in supporting the transition to climate neutrality; notes, however, cohesion policy will be one of the decisive instruments in the economic recovery and should not divert from its main objectives namely to contribute to social, economic and territorial cohesion, as stipulated by the EU Treaties; insists that this cohesion policy should be reinforced to cope with its main objectives and contributing to the success of the European Green Deal;
Amendment 279 #
2020/2058(INI)
Motion for a resolution
Paragraph 12 b (new)
Paragraph 12 b (new)
12b. Welcomes the Commission’s intention to review both the Modernisation Fund and the Innovation Fund as part of its revision of the Emissions Trading Scheme and would strongly welcome the allocation of additional revenues from the ETS to the Union budget to increase financing for the just transition; reiterates its long- standing demand to define a significant part of the ETS revenues as Own Resources;
Amendment 284 #
2020/2058(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Supports the Commission’s innovative approach in stating that the EU budget will contribute to achieving climate objectives also through its revenue side; recalls Parliament’s longstanding position in favour of generating added-value and policy co-benefits by introducing green new own resources;
Amendment 322 #
2020/2058(INI)
Motion for a resolution
Paragraph 14 b (new)
Paragraph 14 b (new)
14b. Calls on all Member States to join the enhanced cooperation framework to implement a Financial Transaction Tax;
Amendment 347 #
2020/2058(INI)
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Considers that for the EIB to play a successful role in financing the Green Deal, a bottom-up and participatory approach is crucial, and to better coordinate with various stakeholders, such as local and regional authorities and representatives from civil society;
Amendment 348 #
2020/2058(INI)
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Stresses that the EIB’s response to the Covid-19 pandemic should be consistent with the objectives of the SEIP; notes however that not all financed projects can contribute to achieving EU’s climate and insists that this should not prevent their financing;
Amendment 361 #
2020/2058(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Recognises the important role of the national promotional banks and institutions and of international financial institutions (IFIs), including the European Bank for Reconstruction and Development and the World Bank, in the financing of sustainable projects, thereby contributing to the achievement of the goals of the Paris Agreement;
Amendment 364 #
2020/2058(INI)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Underlines as well the NPBIs’ advantages in the conception, management and financing of relatively smaller projects, from their experience in this field; welcomes therefore their involvement in different aspects of the Sustainable Europe Investment Plan, as the most adequate bodies to channel European level investments towards to the ground at local scale;
Amendment 435 #
2020/2058(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Recalls that investments in unsustainable economic activities may lead to stranded assets with lock-in effects; considerspoints out that this risk needs to be insufficiently integrated in credit ratings and prudential frameworks;
Amendment 444 #
2020/2058(INI)
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Recalls that sustainable investments do not necessarily come with a lower risk-profile than other types of investments; points out that sustainability considerations must therefore not come at the expense of financial stability considerations;
Amendment 510 #
2020/2058(INI)
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Calls for companies benefitting from public support to commit to public country-by-country reporting, to respect their non-financial reporting obligations and to guarantee jobs, and disclose any beneficial treatment received; urges that such companies should fairly contribute to the recovery efforts by paying their fair share of taxes; seeks in this context a new social contract for corporates, harmonizing aims for profit with considerations for people and planet;
Amendment 511 #
2020/2058(INI)
Motion for a resolution
Paragraph 24 b (new)
Paragraph 24 b (new)
Amendment 517 #
2020/2058(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘transition plans’ for certain companies to increase the sustainability of their activities; considers that society can ask for a quid pro quosomething in return when providing support to companies; sees transition plans including science-based and time- bound sustainability targets as a way of ensuring that public funding is spent in line with public interests; believes that transition plans should be obligatory for companies seeking state aid or EU-level support unless it is clear that they do not engage in environmentally or socially harmful activities; urges the Commission to only approve transition plans that set businesses on the path to the climate- neutral and circular economy without significantly harming any other environmental or social objectives;
Amendment 524 #
2020/2058(INI)
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25a. Underlines the role of National Promotional Banks in creating a sustainable economy; calls for state aid reforms to enable NPBs to provide preferential loans below market rates to promote sustainability; underlines the importance of ensuring local technical support for project promoters and innovation and the role of project nurseries helping projects to mature to receive financing;
Amendment 89 #
2020/0310(COD)
Proposal for a directive
Title 1
Title 1
Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on adequate framework for promoting levels of minimum wages in the European Union
Amendment 128 #
2020/0310(COD)
Proposal for a directive
Recital 5
Recital 5
(5) Guideline 5 of Council Decision 2020/ 1512/EU on guidelines for the employment policies of the Member States37 calls on Member States to ensure an effective involvement ofthe collaboration and/or cooperation with the social partners in wage-setting, providing for fair wages that enable a decent standard of living and allowing for an adequate responsiveness of wages to productivity levels and developments, with a view to upward convergence. The Guideline also calls on Member States to promote social dialogue and collective bargaining on wage setting. It also calls on Member States and the social partners to ensure that all workers have adequate and fair wages by benefitting from collective agreements or adequate statutory minimum wages, and taking into account their impact on competitiveness, job creation and in-work poverty. The Annual Sustainable Growth Strategy 202138 states that Member States should adopt measures to ensure fair working conditions. In addition, the Annual Sustainable Growth Strategy 202039 recalled that in the context of growing social divides, it is important to ensure that each worker earns an adequate wage. Several Country Specific Recommendations have also been issued to some Member States in the field of minimum wages. However, individual countries may be little inclined to improve their minimum wage settings because of the perception that this could negatively affect their external cost competitiveness. __________________ 37 Council Decision 2020/1512/EU of 13 October 2020 on guidelines for the employment policies of the Member States (OJ L 344, 19.10.2020, p. 22–28). 38 Commission Communication COM(2020) 575 final. 39 Commission Communication COM(2019) 650 final.
Amendment 138 #
2020/0310(COD)
Proposal for a directive
Recital 6
Recital 6
(6) Better working and living conditions, including through adequate minimum wages, benefit both workers and businesses in the Union and are a prerequisite for achieving inclusive and sustainable growth. Addressing large differences in the coverage and adequacy of minimum wage protection contributes to improving the fairness of the EU labour market and promote economic, social progress and upward convergence. Competition in the Single Market should be based on high social standards, innovation and productivity improvements ensuring a level playing field.
Amendment 147 #
2020/0310(COD)
Proposal for a directive
Recital 7
Recital 7
(7) When set at adequate levelsever levels are set, minimum wages protect the income of disadvantaged workers, help ensure a decent living, and limit the fall in income during bad times, as recognised in Convention 131 of the International Labour Organisation on the establishment of a system of minimum wage fixing. Minimum wages contribute to sustaining domestic demand, strengthen incentives to work, reduce wage inequalities and in- work poverty.
Amendment 157 #
2020/0310(COD)
Proposal for a directive
Recital 8
Recital 8
(8) Women, young and low-skilled workers and persons with disabilities have a higher probability of being minimum wage or low wage earners than other groups. During economic downturns, such as the Covid-19 crisis, the role of minimum wages in protecting low-wage workers becomes increasingly important and is essential to support a sustainable and inclusive economic recovery. Addressing minimum wage contributes to gender equality, closing the gender pay and pension gap as well as elevating women out of poverty and tackling child poverty.
Amendment 178 #
2020/0310(COD)
Proposal for a directive
Recital 11
Recital 11
(11) Minimum wage protection set out by collective agreements in low-paid occupations is adequate in most cases; statutory minimum wages are low compared to other wages in the economy in several Member States. In 2018, the statutory minimum wage did not provide sufficient income for a single minimum- wage earner to reach the at-risk-of-poverty threshold in nine Member States. In addition, the use of reduced minimum wage rates (variations) and deductions from statutory minimum wages negatively affect their adequacy.
Amendment 198 #
2020/0310(COD)
Proposal for a directive
Recital 13
Recital 13
(13) While strong collective bargaining at sector or cross-industry level contributes to ensuring adequate minimum wage protection, traditional collective bargaining structures have been eroding during the last decades, in part due to structural shifts in the economy towards less unionised sectors and to the decline in trade union membership related to the increase of atypical and new forms of work.
Amendment 213 #
2020/0310(COD)
Proposal for a directive
Recital 14
Recital 14
(14) The Commission has consulted management and labour in a two-stage process with regard to possible action to address the challenges related to adequate minimum wages protection in the Union, in accordance with Article 154 of the Treaty on the Functioning of the European Union. There was no agreement among the social partners to enter into negotiations with regard to those matters. It is, however, important to take action at Union level to ensure that workers in the Union are protected by adequate minimum wages, taking into account the outcomes of the social partners’ consultation.
Amendment 247 #
2020/0310(COD)
Proposal for a directive
Recital 17
Recital 17
(17) This Directive should apply to workers who have an employment contract or employment relationship as defined by the law, collective agreements or practice in force in each Member State, with consideration to the criteria established by the Court of Justice of the European Unionin collaboration and/or cooperation with the social partners for determining the status of a worker. Provided that they fulfil those criteria, domestic workers, on-demand workers, intermittent workers, voucher based-workers, bogus self-employed, platform workers, trainees and apprentices could fall within the scope of this Directive. Genuinely self-employed persons do not fall within the scope of this Directive since they do not fulfil those criteria. The abuse of the status of self- employed persons, as defined in national law, either at national level or in cross- border situations, is a form of falsely declared work that is frequently associated with undeclared work. Bogus self- employment occurs when a person is declared to be self-employed while fulfilling the conditions characteristic of an employment relationship, in order to avoid certain legal or fiscal obligations. Such persons should fall within the scope of this Directive. The determination of the existence of an employment relationship should be guided by the facts relating to the actual performance of the work and not by the parties' description of the relationship.
Amendment 275 #
2020/0310(COD)
Proposal for a directive
Recital 19
Recital 19
(19) In a context of declining collective bargaining coverage, it is essentialrecommended that the Member States promote collective bargaining to enhance workers’ access to minimum wage protection provided by collective agreements. Member States with a high collective bargaining coverage tend to have a low share of low-wage workers and high minimum wages. Member States with a small share of low wage earners have a collective bargaining coverage rate above 70%. Similarly, the majority of the Member States with high levels of minimum wages relative to the median wage have a collective bargaining coverage above 70%. While all Member States should be encouraged to promote collective bargaining, those who do not reach this level of coverage should,while being in consultation and/or agreement with the social partners, provide for or, where it already exists, strengthen a framework of facilitative procedures and institutional arrangements enabling the conditions for collective bargaining. Such framework should be established by law or by tripartite agreement.
Amendment 278 #
2020/0310(COD)
Proposal for a directive
Recital 20
Recital 20
(20) Sound rules, procedures and practice for setting and updating statutory minimum wages are necessary to deliver adequate minimum wages, while safeguarding jobs and the competitiveness of firms including small and medium-sized enterprises. They include a number of elements to preserve the adequacy of statutory minimum wages, including criteria and indicators to assess adequacy, regular and timely updates, the existence of consultative bodies and the involvement of social partners. A timely and effective involvement of the latterA timely and effective collaboration and/or cooperation with the social partners is another element of good governance that allows for an informed and inclusive decision-making process.
Amendment 292 #
2020/0310(COD)
Proposal for a directive
Recital 21
Recital 21
(21) Minimum wages are considered adequatefair if they are fair in relation to the wage distribution in the country and if they provide a decent standard of living. The adequacylevels of statutory minimum wages isare determined in view of the national socio- economic conditions, including employment growth, competitiveness as well as regional and sectoral levels and developments. Their adequacy should be assessed at least in relation to their purchasing power, to the productivity developments and to their relation to the gross wage levels, distribution and growth. The use of indicators commonly used at international level, such as 60% of the gross median wage and 50% of the gross average wage, can help guide the assessment of minimum wage adequacy in relation to the gross level of wages.
Amendment 294 #
2020/0310(COD)
Proposal for a directive
Recital 21
Recital 21
(21) Minimum wages are considered adequate if they are fair in correlation towith the wage distribution in the country and if they provide a decent standard of living. The adequacylevels of statutory minimum wages is determined in view of the national socio- economic conditions, including employment growth, competitiveness as well as regional and sectoral developments. Their adequacy should be assessed at least in relation to their purchasing power, to the productivity developments and to their relation to the gross wage levels, distribution and growth. The use of indicat and in collaboration and/ors commonly used at intopernational level, such as 60% of the gross median wage and 50% of the gross average wage, can help guide the assessment of minimum wage adequacy in relation to the gross level of wage with the social partners.
Amendment 327 #
2020/0310(COD)
Proposal for a directive
Recital 22
Recital 22
(22) To promote adequacy of minimum wages for all groups of workers, variations and deductions from statutory minimum wages should be limited to a minimum, whiledrawn ensuring that social partners are duly consulted in their definition. Some deductions to statutory minimum wages may be justified by a legitimate aim, including overstated amounts paid or deductions ordered by a judicial authority. Others, such as deductions related to the equipment necessary to perform a job or deductions of allowances in kind, such as accommodation, may be unjustified or disproportionate.
Amendment 333 #
2020/0310(COD)
Proposal for a directive
Recital 23
Recital 23
(23) An effective enforcement system, including enhanced controls and field inspections, is necessary to ensure the functioning of national statutory minimum wage frameworks and the respect of labour standards for all workers. To strengthen the effectiveness of enforcement authorities, a close cooperation with the social partners is also needed, including to address critical challenges such as those related to sub- contracting, bogus self- employment or non-recorded overtime. Moreover, workers should have easily access to appropriate information on applicable statutory minimum wages to ensure an adequate degree of transparency and predictability as regards their working conditions, as well as access to information on complaints mechanisms.
Amendment 337 #
2020/0310(COD)
Proposal for a directive
Recital 23
Recital 23
(23) An effective enforcement system, including controls and field inspections, is necessary to ensure the functioning of national statutory minimum wage frameworks. To strengthen the effectiveness of enforcement authorities, a close collaboration and /or cooperation with the social partners is also neerecommended, including to address critical challenges such as those related to sub- contracting, bogus self-employment or non-recorded overtime. Moreover, workers should have easily access to appropriate information on applicable statutory minimum wages to ensure an adequate high degree of transparency and predictability as regards their working conditions.
Amendment 348 #
2020/0310(COD)
Proposal for a directive
Recital 25
Recital 25
(25) Reliable monitoring and data collection are keyimportant to ensure the effective protection of minimum wages. The Commission should report every year to the European Parliament and to the Council its assessment of levels and developments in the adequacy and coverage of minimum wages on the basis of annual data and information to be provided by Member States. In addition, progress should be monitored in the framework of the process of economic and employment policy coordination at Union level. In that context, the Employment Committee should examine every year the situation in the Member States on the basis of the reports produced by the Commission and other multilateral surveillance tools such as benchmarking.
Amendment 359 #
2020/0310(COD)
Proposal for a directive
Recital 28
Recital 28
(28) The reforms and measures adopted by the Member States to promote adequate minimum wage protection of workers, while being steps in the right direction, have not been comprehensive and systematic. Moreover, individual countries may be little inclined to improve the adequacy and coverage of minimum wages because of the perception that this could negatively affect their external cost competitiveness. Since the objectives of this Directive cannot be sufficiently achieved by the Member States, but can rather, by reason of their scale and effects, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on the European Union. In accordance with the principle of proportionality, as set out in that Article, this Directive does not go beyond what is necessary in order to achieve those objectives.
Amendment 371 #
2020/0310(COD)
Proposal for a directive
Recital 29
Recital 29
(29) This Directive lays down minimum requirementsa framework, thus leaving untouched Member States' prerogative to introduce and maintain more favourable provisions. Rights acquired under the existing national legal framework should continue to apply, unless more favourable provisions are introduced by this Directive. The implementation of this Directive cannot be used to reduce existing rights for workers, nor can it constitute valid grounds for reducing the general level of protection afforded to workers in the field covered by this Directive.
Amendment 392 #
2020/0310(COD)
Proposal for a directive
Article 1 – paragraph 1 – introductory part
Article 1 – paragraph 1 – introductory part
1. With a view to improving working and living conditions in the Union, this Directive establishes a framework for promoting:
Amendment 404 #
2020/0310(COD)
Proposal for a directive
Article 1 – paragraph 1 – point a
Article 1 – paragraph 1 – point a
(a) setting adequate levels of minimum wages;
Amendment 452 #
2020/0310(COD)
Proposal for a directive
Article 3 – paragraph 1 – point 2
Article 3 – paragraph 1 – point 2
(2) ‘statutory minimum wage’ means a minimum wage set by law, or other binding legal provisions, with the exclusion of those set by a collective agreement made universally applicable;
Amendment 473 #
2020/0310(COD)
Proposal for a directive
Article 3 – paragraph 1 – point 4
Article 3 – paragraph 1 – point 4
(4) ‘collective agreement’ means all agreements in writing regarding working conditions and terms of employment concluded by the social partners as an outcome of collective bargaining;
Amendment 474 #
2020/0310(COD)
Proposal for a directive
Article 3 – paragraph 1 – point 5
Article 3 – paragraph 1 – point 5
Amendment 482 #
2020/0310(COD)
Proposal for a directive
Article 4 – title
Article 4 – title
Amendment 502 #
2020/0310(COD)
Proposal for a directive
Article 4 – paragraph 1 – point a
Article 4 – paragraph 1 – point a
(a) promote the building and strengthening of the capacity of the social partners to engage in collective bargaining on wage setting, in particular, at sector or cross-industry level;
Amendment 520 #
2020/0310(COD)
Proposal for a directive
Article 4 – paragraph 2
Article 4 – paragraph 2
Amendment 521 #
2020/0310(COD)
Proposal for a directive
Article 4 – paragraph 2
Article 4 – paragraph 2
2. Member States where collective bargaining coverage is less than 70% of thmay establish, in accordance with the national practice wforkers defined within the meaning of Article 2 shall in addition provide for a framework of enabling social dialogue, by tripartite agreement or by mutual agreement among the social partners, a framework with favourable conditions for collective bargaining, either by law after and consultolidation of the social partners or by agreement with them, and shall establish an action plan to promote collective bargaining. The action plan shall be made public and shall be notified to the European Commissionexisting one. The agreed measures shall be made public.
Amendment 550 #
Amendment 563 #
2020/0310(COD)
Proposal for a directive
Article 5 – paragraph 1
Article 5 – paragraph 1
1. Member States with statutory minimum wages shall takeestablish the necessary measures to ensure that theframework for setting and updating of statutory minimum wages ar. Such setting and updating shall be guided by criteria set to promote andequacy with the aim to achieve decent working and living conditions, social cohesion and upward convergence. Member States shall define those criteria in accordance with their national practices, either in relevant national legislation, in decisions of the competent bodies or in tripartite agreements. The criteria shall be defined in a stable and clear way.
Amendment 572 #
2020/0310(COD)
Proposal for a directive
Article 5 – paragraph 2 – introductory part
Article 5 – paragraph 2 – introductory part
2. The national criteria referred to in paragraph 1 shallmay include at leastsome of the following elements, whose relevance may be decided by Member States in accordance with their prevailing national socio-economic conditions:
Amendment 580 #
2020/0310(COD)
Proposal for a directive
Article 5 – paragraph 2 – point a
Article 5 – paragraph 2 – point a
(a) the purchasing power of statutory minimum wages, taking into account the cost of living and the contribution of taxes and social benefits;
Amendment 601 #
2020/0310(COD)
Proposal for a directive
Article 5 – paragraph 2 – point d
Article 5 – paragraph 2 – point d
(d) labour productivity levels and developments.
Amendment 616 #
2020/0310(COD)
Proposal for a directive
Article 5 – paragraph 3
Article 5 – paragraph 3
Amendment 641 #
2020/0310(COD)
Proposal for a directive
Article 5 – paragraph 4
Article 5 – paragraph 4
4. Member States shall take the necessary measures to ensure the regular and timely updates of statutory minimum wages in order to preserve their adequacy.
Amendment 658 #
2020/0310(COD)
Proposal for a directive
Article 5 – paragraph 5
Article 5 – paragraph 5
5. Member States shall establishnsure that consultative bodies are in place to advise the competent authorities on issues related to statutory minimum wages.
Amendment 674 #
2020/0310(COD)
Proposal for a directive
Article 6 – paragraph 1
Article 6 – paragraph 1
1. Where Member States may allow for different rates of statutory minimum wage for specific groups of workers. Member States shall keep these variations to a minimum, and or for deductions by law that reduce the remuneration paid to a level below that of the relevant statutory minimum wage, they shall ensure that anythese variation iss and deductions are non- discriminatory, proportionate, limited in time if relevant, and objectively and reasonably and justified by a legitimate aim.
Amendment 675 #
2020/0310(COD)
Proposal for a directive
Article 6 – paragraph 1
Article 6 – paragraph 1
1. Member States may allow different rates of statutory minimum wage for specific groups of workers. Member States shall keep these variations to a minimum, and ensure that any variation is non- discriminatory, proportionate, limited in time if relevant, and objectively and reasonably justified by a legitimate aim.
Amendment 681 #
2020/0310(COD)
Proposal for a directive
Article 6 – paragraph 2
Article 6 – paragraph 2
Amendment 708 #
2020/0310(COD)
Proposal for a directive
Article 7 – paragraph 1 – point a
Article 7 – paragraph 1 – point a
(a) the selection and application of criteria and indicative reference values referred to in Article 5 (1) (2) and (32) for the determination of statutory minimum wage levels;
Amendment 718 #
2020/0310(COD)
Proposal for a directive
Article 7 – paragraph 1 – point d
Article 7 – paragraph 1 – point d
Amendment 721 #
2020/0310(COD)
Proposal for a directive
Article 7 – paragraph 1 – point d
Article 7 – paragraph 1 – point d
(d) the collection of data and the carrying out of studies for the information of statutory minimum wage setting authoritisupporting the consultation processes for setting the statutory minimum wage with information, data and analyses;
Amendment 746 #
2020/0310(COD)
Proposal for a directive
Article 8 – paragraph 1 – point 2
Article 8 – paragraph 1 – point 2
(2) develop guidance for enforcement authorities to proactively target and pursue non-compliant businesseemployers;
Amendment 761 #
2020/0310(COD)
Proposal for a directive
Article 9 – paragraph 1
Article 9 – paragraph 1
In accordance with Directive 2014/24/EU, Directive 2014/25/EU and Directive 2014/23/EU, Member States shall take appropriate measures to ensure that in the performance of public procurement or concession contracts economic operators comply with the wages set out by collective agreement, and their subcontractors, comply with the applicable obligations regarding wages in the field of labour law established by Union law, national law, collective agreements or by international labour law provisions for the relevant sector and geographical area and with the statutory minimum wages where they exist.
Amendment 769 #
2020/0310(COD)
Proposal for a directive
Article 10 – paragraph 1
Article 10 – paragraph 1
Amendment 788 #
2020/0310(COD)
Proposal for a directive
Article 10 – paragraph 2 – point a – point ii
Article 10 – paragraph 2 – point a – point ii
Amendment 798 #
2020/0310(COD)
Proposal for a directive
Article 10 – paragraph 2 – point a – point iv
Article 10 – paragraph 2 – point a – point iv
Amendment 814 #
2020/0310(COD)
Proposal for a directive
Article 10 – paragraph 2 – subparagraph 1
Article 10 – paragraph 2 – subparagraph 1
Amendment 823 #
2020/0310(COD)
Proposal for a directive
Article 10 – paragraph 2 – subparagraph 3
Article 10 – paragraph 2 – subparagraph 3
Amendment 828 #
2020/0310(COD)
Proposal for a directive
Article 10 – paragraph 3
Article 10 – paragraph 3
Amendment 841 #
2020/0310(COD)
Proposal for a directive
Article 10 – paragraph 5
Article 10 – paragraph 5
Amendment 868 #
2020/0310(COD)
Proposal for a directive
Article 11 – paragraph 1
Article 11 – paragraph 1
Amendment 889 #
2020/0310(COD)
Proposal for a directive
Article 12 – paragraph 1
Article 12 – paragraph 1
Member States shall lay down the rules on penalties applicable to infringements of national provisions adopted pursuant to this Directive or the respective provisions already in force. The penalties provided for shall be effective, proportionate and dissuasive.
Amendment 896 #
2020/0310(COD)
Proposal for a directive
Article 13 – paragraph 1
Article 13 – paragraph 1
Member States may entrust the social partners with the implementation of this Directive, where the social partners jointly request to do so. In so doing, the Member States shall take all necessary steps to ensure that the results soughet by this Directive are guaranteedcomplied with at all times.
Amendment 911 #
2020/0310(COD)
Proposal for a directive
Article 16 – paragraph 3
Article 16 – paragraph 3
3. This Directive is without prejudice to any other rights conferred on workers by other legal acts of the Union.
Amendment 256 #
2020/0266(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point n
Article 2 – paragraph 1 – point n
(n) insurance intermediaries, reinsurance intermediaries and ancillary insurance intermediaries, with the exception of microenterprises,
Amendment 87 #
2020/0104(COD)
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) The Facility will work in synergy and complementarity with the InvestEU, allowing Member States to allocate in the Recovery and Resilience Plan an amount to be delivered through InvestEU to support the solvency of companies established in the Member States and preparatory, monitoring, control, audit and evaluation activities thereof.
Amendment 146 #
2020/0104(COD)
Proposal for a regulation
Recital 4
Recital 4
(4) The outbreak of the COVID-19 pandemic in early 2020 changed the economic outlook for the years to come in the Union and in the world, calling for an urgent and coordinated response from the Union in order to cope with the enormous economic and social consequences for all Member. The challenges linked to the demographic context have been amplified by COVID-19. The current COVID-19 pandemic as well as the previous economic and financial crisis have shown that developing sound and resilient economies and financial systems built on strong economic and social structures helps Member States to respond more efficiently to shocks and recover more swiftly from them. The medium and long-term consequences of the COVID-19 crisis will critically depend on how quickly Member States’ economies will recover from the crisis, which in turn depends on the fiscal space Member States have available to take measures to mitigate the social and economic impact of the crisis, and on the resilience of their economies. Reforms andGrowth enhancing reforms and sustainable investments to address structural weaknesses of the economies and strengthen their resilience will therefore be essential to set the economies back on a sustainable recovery path and avoid further widening of the divergences in the Union.
Amendment 156 #
2020/0104(COD)
Proposal for a regulation
Article 5 – paragraph 2
Article 5 – paragraph 2
2. The amounts referred to in paragraph 1(a) may also cover expenses pertaining to preparatory, monitoring, control, audit and evaluation activities, which are required for the management of each instrument and the achievement of its objectives, in particular studies, meetings of experts, information and communication actions, including corporate communication of the political priorities of the Union, in so far as they are related to the objectives of this Regulation, expenses linked to IT networks focusing on information processing and exchange, corporate information technology tools, and all other technical and administrative assistance expenses incurred by the Commission for the management of each instrument. Expenses may also cover the costsso far as they are related to the objectives of this Regulation, and provided they are not eligible actions for technical support pursuant to Article 7 of the Regulation of other supporting activities such as quality control and monitoring of projects on European Parliament and of the grCound and the costs of peer counselling and experts for the assessment and implementation of reforms and investcil establishing a Technical Support Instruments.
Amendment 157 #
2020/0104(COD)
Proposal for a regulation
Article 6 a (new)
Article 6 a (new)
Article 6 a Use of the Facility delivered through or combined with InvestEU 1. In accordance with the requirements set out in this Article, Member States may allocate on a voluntary basis, in the Recovery and Resilience Plan, an amount to be delivered through InvestEU. The amount to be delivered through InvestEU shall be used to support the solvency of companies established in the Member States concerned and shall contribute to the achievement of the objectives set out in Article 4. The Recovery and Resilience Plan shall contain the justification of the use of the InvestEU budgetary guarantees. In the allocations referred to in the first subparagraph Member States may allocate part of the resources set out in Article 5(2) to be contributed to InvestEU for the corresponding InvestEU Assistance for activities set out in the contribution agreement referred to in Article [9] of [InvestEU Regulation]. 2. For the requests for an amendment of a Recovery and Resilience Plan referred to in Article 18, only resources of future years may be identified. 3. The amount referred to in the first subparagraph of paragraph 1 shall be used for the provisioning of the part of the EU guarantee under the Member State compartment. 4. Where a contribution agreement, as set out in Article [9] of the [InvestEU Regulation], has not been concluded [by 31 December 2021] for an amount referred to in paragraph 1, the Member State shall submit a request for amendment of the Recovery and Resilience Plan in accordance with Article 18, to use the corresponding amount. The contribution agreement for an amount referred to in paragraph 1 allocated in the request of the amendment of a Recovery and Resilience Plan shall be concluded simultaneously with the adoption of the decision amending the Plan. 5. Where a guarantee agreement, as set out in Article [9] of the [InvestEU Regulation], has not been concluded within [9] months from the approval of the contribution agreement, the respective amounts shall be transferred back to the Facility and the Member State shall submit a corresponding request for amendment of the Recovery and Resilience Plan. 6. Where a guarantee agreement, as set out in Article [9] of the [InvestEU Regulation], has not been fully implemented within [four years] from the signature of the guarantee agreement, the Member State may request that amounts committed in the guarantee agreement but not covering underlying loans or other risk bearing instruments shall be treated in accordance with paragraph 5. 7. Resources generated by or attributable to the amounts contributed to InvestEU and delivered through budgetary guarantees shall be made available to the Member State and shall be used for repayable forms of support in accordance with the Recovery and Resilience Plan.
Amendment 164 #
2020/0104(COD)
Proposal for a regulation
Recital 5
Recital 5
(5) The implementation of growth enhancing reforms contributing to achieve a high degree of resilience of domestic economies, strengthening adjustment capacity and unlocking growth potential are among the Union’s policy priorities. They are therefore crucial to set the recovery on a sustainable path and support the process of upward economic and social convergence. This is even more necessary in the aftermath of the pandemic crisis to pave the way for a swift recovery.
Amendment 177 #
2020/0104(COD)
Proposal for a regulation
Article 14 – paragraph 2
Article 14 – paragraph 2
2. The recovery and resilience plans shall be consistent with the relevant country-specific challenges and priorities identified in the context of the European Semester, in particular those relevant for or resulting from the green and digital transition, as well as territorial, social and economic cohesion. The recovery and resilience plans shall also be consistent with the information included by the Member States in the national reform programmes under the European Semester, in their national energy and climate plans and updates thereof under the Regulation (EU)2018/199921 , in the territorial just transition plans under the Just Transition Fund22 , and in the partnership agreements and operational programmes under the Union funds. __________________ 21Regulation (EU)2018/1999 of the European Parliament and of the Council of 11 December 2018 on the Governance of the Energy Union and Climate Action. 22 […]
Amendment 187 #
2020/0104(COD)
Proposal for a regulation
Recital 6
Recital 6
(6) Past experiences have shown that sustainable investment is often drastically cut during crises. However, it is essential to support investment in this particular situation to speed up the recovery and strengthen long- term growth potential. Investing in green and digital technologies, capacities and processes aimed at assisting clean energy transition, boosting energy efficiency in housing and other key sectors of the economic are important to achieve sustainable growth and help create jobs. It will also help make the Union more resilient and less dependent by diversifying key supply chains.
Amendment 188 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point b
Article 15 – paragraph 3 – point b
(b) an explanation of how the plan strengthens the growth potential, job creation and economic and social resilience of the Member State concerned, mitigates the economic and social impact of the crisis, particularly for the SMEs, and its contribution to enhance economic, social and territorial cohesion and convergence;
Amendment 193 #
2020/0104(COD)
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) In order to safeguard the sustainable character of the investments, it is of crucial importance to make sure funded projects are of European added value and generate appreciable impact in terms of innovation, growth and creation of jobs. Therefore, consumptive expenditures and regular ongoing budgetary expenditures shall not be eligible for funding.
Amendment 199 #
2020/0104(COD)
Proposal for a regulation
Recital 7
Recital 7
(7) Currently, no instrument foresees direct financial support linked to the achievement of results and to implementation of reforms andgrowth enhancing reforms and sustainable public investments of the Member States in response to challenges identified in the European Semester, and with a view to having a lasting impact on the productivity and resilience of the economy of the Member States.
Amendment 207 #
2020/0104(COD)
Proposal for a regulation
Recital 8
Recital 8
(8) Against this background, it is necessary to strengthen the current framework for the provision of support to Member States and provide direct financial support to Member States through an innovative tool. To that end, a Recovery and Resilience Facility (the ‘Facility’) should be established under this Regulation to provide effective financial and significant support to step up the implementation of reforms and related public investments in the Member States. The Facility should be comprehensive and should also benefit from the experience gained by the Commission and the Member States from the use of the other instruments and programmes. In order to reap the greatest benefits from the Recovery and Resilience Facility and fulfil its goals to the maximum degree, the incentives should be designed in a way to encourage full implementation of the recovery and resilience plan. Therefore, pay-out of the funds should be proportionate to the level of completion of the recovery and resilience plan and the pay-out should only take place after the completion of the relevant milestones has been verified by the Commission.
Amendment 211 #
2020/0104(COD)
Proposal for a regulation
Recital 8
Recital 8
(8) Against this background, it is necessary to strengthen the current framework for the provision of support to Member States and provide direct financial support to Member States through an innovative tool. To that end, a Recovery and Resilience Facility (the ‘Facility’) should be established under this Regulation to provide effective financial and significant support to step up the implementation of growth enhancing reforms and related sustainable public investments in the Member States. The Facility should be comprehensive and should also benefit from the experience gained by the Commission and the Member States from the use of the other instruments and programmes. The Facility should be of a temporary character and limited to tackling the adverse effects of the pandemic.
Amendment 233 #
2020/0104(COD)
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) The Facility will work in synergy and complementarity with InvestEU, allowing Member States to allocate in their recovery and resilience plans an amount to be delivered through InvestEU to support the solvency of companies established in the Member States and the preparatory, monitoring, control, audit and evaluation activities thereof.
Amendment 234 #
2020/0104(COD)
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) The Recovery and Resilience Facility as part Next Generation EU shall not become a financial burden for the next generations. Therefore, it is crucial that the recovery and resilience plans encourage sound fiscal policies and a swift repayment of the loan component of this instrument.
Amendment 235 #
2020/0104(COD)
Proposal for a regulation
Recital 10 b (new) s
Recital 10 b (new) s
(10b) In order to meaningfully contribute to the economic recovery, the Facility shall not finance recurring national expenditure and adhere to the general principle of additionality.
Amendment 290 #
2020/0104(COD)
Proposal for a regulation
Recital 13
Recital 13
(13) In order to enable measures to be taken that link the Facility to sound economic governance, with a view to ensuring uniform implementing conditions, the power should be conferred on the Council to suspend, on a proposal from the Commission and by means of implementing acts, the period of time for the adoption of decisions on proposals for recovery and resilience plans and to suspend payments under this Facility, in the event of significant non-compliance in relation to the relevant cases related to the economic governance process laid down in the Regulation (EU) No XXX/XX of the European Parliament and of the Council [CPR] (…). The power to lift those suspensions by means of implementing acts, on a proposal from the Commission, should also be conferred on the Council in relation to the same relevant cases.
Amendment 314 #
2020/0104(COD)
Proposal for a regulation
Recital 14
Recital 14
(14) The Facility’s general objective should be the promotion of economic, social and territorial cohesion. For that purpose, it should contribute to improving the resilience and adjustment capacity of the Member States, mitigating the social and economic impact of the crisis, and supporting the green and digital transitions aimed at achieving a climate neutral Europe by 2050, thereby restoring the growth potential of the economies of the Union in the aftermath of the crisis, fostering employment creation and to promoting sustainable growth. Supported actions should have a clear European added value.
Amendment 320 #
2020/0104(COD)
Proposal for a regulation
Recital 14
Recital 14
(14) The Facility’s general objective should be the promotion of economic, social and territorial cohesion. For that purpose, it should contribute to improving the resilience and adjustment capacity of the Member States, mitigating the social and economic impact of the crisis, and supporting the green and digital transitions aimed at achieving a climate neutral Europe by 2050, thereby restoring the growth potential and long-term competitiveness of the economies of the Union in the aftermath of the crisis, fostering employment creation and to promoting sustainable growth.
Amendment 323 #
2020/0104(COD)
Proposal for a regulation
Recital 14 a (new)
Recital 14 a (new)
(14a) The resources of the Facility, as part of the Recovery Instrument (Next Generation EU), should be accompanied by a clear and credible repayment plan. The repayment should be done by means of additional own resources which should be in place in the course of the next MFF.
Amendment 328 #
2020/0104(COD)
Proposal for a regulation
Recital 15
Recital 15
(15) The specific objective of the Facility should be to provide financial support with a view to achieving the clear milestones and targets of reforms andgrowth enhancing reforms and sustainable investments as set out in recovery and resilience plans. That specific objective should be pursued in close cooperation with the Member States concerned.
Amendment 329 #
2020/0104(COD)
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15a) The Facility should not support projects that are part of the strategic investment plans of third countries nor regular national budgetary expenditure.
Amendment 331 #
2020/0104(COD)
Proposal for a regulation
Recital 15 b (new)
Recital 15 b (new)
(15b) In order to preserve the integrity of the Single Market and to promote its deepening, the Facility should prioritise projects supporting these objectives. Moreover, the Facility should not support projects which are detrimental to the Single Market as a whole.
Amendment 334 #
2020/0104(COD)
Proposal for a regulation
Recital 16
Recital 16
(16) To ensure its contribution to the objectives of the Facility, the recovery and resilience plan should comprise measures for the implementation of reforms and public investment projects through a coherent recovery and resilience plan. The recovery and resilience plan should be consistent with the relevant country- specific challenges and priorities identified in the context of the European Semester, with the national reform programmes, the national energy and climate plans, the just transition plans, and the partnership agreements and operational programmes adopted under the Union funds. To boost actions that fall and within the priorities of the European Green Deal and the Digital Agenda, the plan should also set out measures that are relevant for the green and digital transitions. The measures should enable a swift deliver of targets, objectives and contributions set out in national energy and climate plans and updates thereof. All supported activities should be pursued in full respect of the climate and environmental priorities of the Unionnational reform programmes.
Amendment 352 #
2020/0104(COD)
Proposal for a regulation
Recital 16
Recital 16
(16) To ensure its contribution to the objectives of the Facility, the recovery and resilience plan should comprise measures for the implementation of reforms andgrowth enhancing reforms and sustainable public investment projects through a coherent recovery and resilience plan. The recovery and resilience plan should be consistentaligned with the relevant country- specific challenges and priorities identified in the context of the European Semester, with the national reform programmes, the national energy and climate plans, the just transition plans, and the partnership agreements and operational programmes adopted under the Union funds. To boost actions that fall within the priorities of the European Green Deal and the Digital Agenda, the plan should also set out measures that are relevant for the green and digital transitions. The measures should enable a swift deliver of targets, objectives and contributions set out in national energy and climate plans and updates thereof. All supported activities should be pursued in full respect of the climate and environmental priorities of the Union.
Amendment 386 #
2020/0104(COD)
Proposal for a regulation
Recital 19
Recital 19
(19) In order to ensure a meaningful financial contribution commensurate to the actual needs of Member States to undertake and complete the reforms andgrowth enhancing reforms and sustainable investments included in the recovery and resilience plan, it is appropriate to establish a maximum financial contribution available to them under the Facility as far as the financial support (i.e. the non- repayable financial support) is concerned. That maximum contribution should be calculated on the basis of the population, the inverse of the per capita Gross Domestic Product (GDP) and, the relative unemployment rate of each Member State and the GDP contraction in 2019-2020.
Amendment 407 #
2020/0104(COD)
Proposal for a regulation
Recital 21
Recital 21
(21) In order to ensure the national ownership and a focus on relevant reforms andgrowth enhancing reforms and sustainable investments, Member States wishing to receive support should submit to the Commission a recovery and resilience plan that is duly reasoned and substantiated. The recovery and resilience plan should set out the detailed set of measures for its implementation, including clear targets and milestones, and the expected impact of the recovery and resilience plan on growth potential, job creation and economic and social resilience; it should also include measures that are relevant for the green and the digital transitions; it should also include an explanation of the consistencyalignment of the proposed recovery and resilience plan with the relevant country-specific challenges and priorities identified in the context of the European Semester; for euro area countries particular attention should be given to the relevant recommendations for the euro area as endorsed by the Council. Close cooperation between the Commission and the Member States should be sought and achieved throughout the process.
Amendment 431 #
2020/0104(COD)
Proposal for a regulation
Recital 22
Recital 22
(22) The Commission should assess the recovery and resilience plan proposed by the Member States and should act in close cooperation with the Member State concerned. The Commission will fully respect the national ownership of the process and will therefore take into account the justificationassess the alignment and elements provided by the Member State concerned and assess whether the recovery and resilience plan proposed by the Member State is expected to contribute to effectively address challenges identified in the relevant country-specific recommendation addressed to the Member State concerned or in other relevant documents officially adopted by the Commission in the European Semester; for euro area countries particular attention should be given to the relevant recommendations for the euro area as endorsed by the Council; whether the plan contains measures that effectively contribute to the green and the digital transitions and to addressing the challenges resulting from them; whether the plan is expected to have a lastingdurable impact in the Member State concerned; whether the plan is expected to effectively contribute to strengthen the growth potential, job creation and economic and social resilience of the Member State, mitigate the economic and social impact of the crisis and contribute to enhancing economic, social and territorial cohesion; whether the justification provided by the Member State of the estimated total costs of the recovery and resilience plan submitted is reasonable and plausible and is commensurate to the expected impact on the economy and employment; whether the proposed recovery and resilience plan contains measures for the implementation of reforms andgrowth enhancing reforms and sustainable public investment projects that represent coherent actions; and whether the arrangement proposed by the Member State concerned are expected to ensure effective implementation of the recovery and resilience plan, including the proposed clear milestones and targets, and the related indicators.
Amendment 438 #
2020/0104(COD)
Proposal for a regulation
Recital 22 a (new)
Recital 22 a (new)
(22a) In order to ensure the national ownership, linking disbursements from the Facility to the challenges identified in the CSRs, as well as monitoring the progress made on the implementation of the growth enhancing reforms and sustainable investments should be enhanced.
Amendment 477 #
2020/0104(COD)
Proposal for a regulation
Recital 29
Recital 29
(29) The request for a loan should be justified by the financial needs linked to additional reforms andgrowth enhancing reforms and sustainable investments included in the recovery and resilience plan, notably relevant for the green and digital transitions, and by therefore, by a higher cost of the plan than the maximum financial contribution (to be) allocated via the non-repayable contribution. It should be possible to submit the request for a loan together with the submission of the plan. In case the request for loan is made at a different moment in time, it should be accompanied by a revised plan with additional clear milestones and targets. To ensure frontloading of resources, Member States should request a loan support at the latest by 31 August 2024. For the purposes of sound financial management, the total amount of all the loans granted under this Regulation should be capped. In addition, the maximum volume of the loan for each Member State should not exceed 4.7% of its Gross National Income. An increase of the capped amount should be possible in exceptional circumstances subject to available resources. For the same reasons of sound financial management, it should be possible to pay the loan in instalments against the fulfilment of results.
Amendment 489 #
2020/0104(COD)
Proposal for a regulation
Recital 30
Recital 30
(30) A Member State should have the possibility to make a reasoned request to amend the recovery and resilience plan within the period of implementation, where objective circumstances justify such a course of action. The Commission should assess the reasoned request and take a new decision within fourtwo months.
Amendment 491 #
2020/0104(COD)
Proposal for a regulation
Recital 31
Recital 31
(31) For reasons of efficiency and simplification in the financial management of the instrument, the Union financial support to recovery and resilience plans should take the form of a financing based on the achievement of results measured by reference to milestones and targets indicated in the approved recovery and resilience plans. To this effect, the additional loan support should be linked to the additional milestones and targets compared to those relevant for the financial support (i.e. the non-repayable support). Disbursements should only be made upon completion of the relevant milestones.
Amendment 493 #
2020/0104(COD)
Proposal for a regulation
Recital 31
Recital 31
(31) For reasons of efficiency and simplification in the financial management of the instrument, the Union financial support to recovery and resilience plans should take the form of a financing based on the achievement of results measured by reference to clear milestones and targets indicated in the approved recovery and resilience plans. To this effect, the additional loan support should be linked to the additional milestones and targets compared to those relevant for the financial support (i.e. the non-repayable support).
Amendment 495 #
2020/0104(COD)
Proposal for a regulation
Recital 31 a (new)
Recital 31 a (new)
(31a) Member States should report in their annual implementation reports on sound financial management. Therefore, specific requirements should be formulated.
Amendment 502 #
2020/0104(COD)
Proposal for a regulation
Recital 32
Recital 32
(32) For the purpose of sound financial management, specific rules should be laid down for budget commitments, payments, suspension, cancellation and recovery of funds. To ensure predictability, it should be possible for Member States toshould submit requests for payments on a biannual basis. Payments should be made in instalments and be based on a positive assessment by the Commission of the implementation of the recovery and resilience plan by the Member State. Suspension and cancellation of the financial contribution should be possible when the recovery and resilience plan has not been implemented in a satisfactory manner by the Member State. Appropriate contradictory procedures should be established to ensure that the decision by the Commission in relation to suspension, cancellation and recovery of amounts paid respects the right of Member States to provide observations.
Amendment 512 #
2020/0104(COD)
Proposal for a regulation
Recital 34
Recital 34
(34) For the purposes of transparency, the recovery and resilience plans adopted by the Commission should be communicated to the European Parliament and the Council simultaneously and communication activities should be carried out by the Commission as appropriate. The Commission should ensure the visibility of spending under the Facility by indicating that the projects supported should be clearly labelled as “EU Recovery Initiative”.
Amendment 533 #
2020/0104(COD)
Proposal for a regulation
Recital 37
Recital 37
(37) It is opportune that the Commission provides an annual report to the European Parliament and the Council on the implementation of the Facility set out in this Regulation, as part of the annual Integrated Financial and Accountability Reporting and subject to a special discharge procedure of the European Parliament. This report should include information on the progress made by Member States under the recovery and resilience plans approved; it should also include information on the volume of the proceeds assigned to the Facility under the European Union Recovery Instrument in the previous year, broken down by budget line, and the contribution of the amounts raised through the European Union Recovery Instrument to the achievements of the objectives of the Facility.
Amendment 541 #
2020/0104(COD)
Proposal for a regulation
Recital 38 a (new)
Recital 38 a (new)
(38a) The Facility should be available to Member States that have signed the “Rule of Law Pledge” and that are committed to adhering to the rule of law and fundamental values of the Union, as enshrined in the Treaties.
Amendment 542 #
2020/0104(COD)
Proposal for a regulation
Recital 38 b (new)
Recital 38 b (new)
(38b) The Commission should be empowered to initiate the suspension of the commitment or payment appropriations to Member States under the Facility in case of generalised deficiencies as regards the rule of law where they affect or risk affecting the principles of sound financial management or the protection of the financial interests of the Union. The Facility should provide for clear rules and procedures on initiating the suspension mechanism or on its lifting. In this respect, the procedure to initiate the suspension of the funding under Facility and its subsequent placing into a reserve should be only be blocked if a qualified majority in Council or a majority of Parliament oppose it.
Amendment 545 #
2020/0104(COD)
Proposal for a regulation
Recital 39
Recital 39
(39) The recovery and resilience plans to be implemented by the Member States and the corresponding financial contribution allocated to them should be established by the Commission by way of implementing act. In order to ensure uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission. The implementing powers relating to the adoption of the recovery and resilience plans and to the payment of the financial support upon fulfilment of the relevant milestones and targets should be exercised by the Commission in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council, under the examination procedure thereof13 . After the adoption of an implementing act, it should be possible for the Member State concerned and the Commission to agree on certain operational arrangements of a technical nature, detailing aspects of the implementation with respect to timelines, indicators for the milestones and targets, and access to underlying data. To allow the continuous relevance of the operational arrangements in respect of the prevailing circumstances during the implementation of the recovery and resilience plan, it should be possible that the elements of such technical arrangements may be modified by mutual consent. Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 of the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes, indirect implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also concern the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an essential precondition for sound financial management and effective EU fundingdelegated act. __________________ 13 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).
Amendment 558 #
2020/0104(COD)
Proposal for a regulation
Recital 39
Recital 39
(39) The recovery and resilience plans to be implemented by the Member States and the corresponding financial contribution allocated to them should be established by the Commission by way of implementingdelegated act. In order to ensure uniform conditions for the implementation of this Regulation, implementingdelegated powers should be conferred on the Commission. The implementingdelegated powers relating to the adoption of the recovery and resilience plans and to the payment of the financial support upon fulfilment of the relevantclear milestones and targets should be exercised by the Commission in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council, under the examination procedure thereof13 . . After the adoption of an implementingdelegated act, it should be possible for the Member State concerned and the Commission to agree on certain operational arrangements of a technical nature, detailing aspects of the implementation with respect to timelines, indicators for the clear milestones and targets, and access to underlying data. To allow the continuous relevance of the operational arrangements in respect of the prevailing circumstances during the implementation of the recovery and resilience plan, it should be possible that the elements of such technical arrangements may be modified by mutual consent. Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 of the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes, indirect implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also concern the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an essential precondition for sound financial management and effective EU funding. __________________ 13 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).
Amendment 562 #
2020/0104(COD)
Proposal for a regulation
Recital 39 a (new)
Recital 39 a (new)
(39a) Spending under the Facility should be subject to a special discharge procedure which should verify whether implementation was in accordance with relevant rules, including the principles of sound financial management.
Amendment 563 #
2020/0104(COD)
Proposal for a regulation
Recital 40
Recital 40
(40) In accordance with the Financial Regulation, Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council14 , Council Regulation (Euratom, EC) No 2988/9515 ,Council Regulation (Euratom, EC) No 2185/9616 and Council Regulation (EU) 2017/193917 , the financial interests of the Union are to be protected through proportionate measures, including the prevention, detection, correction and investigation of irregularities and fraud, the recovery of funds lost, wrongly paid or incorrectly used and, where appropriate, the imposition of administrative sanctions. In particular, in accordance with Regulation (EU, Euratom) No 883/2013 and Regulation (Euratom, EC) No 2185/96, the European Anti-Fraud Office (OLAF) may carry out administrative investigations, including on- the-spot checks and inspections, with a view to establishing whether there has been fraud, corruption or any other illegal activity affecting the financial interests of the Union. In accordance with Regulation (EU) 2017/1939, the European Public Prosecutor's Office (EPPO) may investigate and prosecute fraud and other criminal offences affecting the financial interests of the Union as provided for in Directive (EU) 2017/1371 of the European Parliament and of the Council18 . In accordance with the Financial Regulation, any person or entity receiving Union funds is to report any suspicion of irregularities or fraud and to fully cooperate in the protection of the Union’s financial interests, to grant the necessary rights and access to the Commission, OLAF, the EPPO and the European Court of Auditors and to ensure that any third parties involved in the implementation of Union funds grant equivalent rights to the Commission, OLAF, the EPPO and the European Court of Auditors. For detection and reporting of irregularities and fraud, the Commission has IT-tools at its disposal that shall be used by the recipients of support under the Facility. __________________ 14Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999,(OJ L248, 18.9.2013, p. 1) 15 Council Regulation (EC, Euratom) No 2988/95 of 18 December 1995 on the protection of the European Communities financial interests (OJ L 312, 23.12.95, p.1) 16 Council Regulation (Euratom, EC) No 2185/96 of 11 November 1996 concerning on-the-spot checks and inspections carried out by the Commission in order to protect the European Communities' financial interests against fraud and other irregularities (OJ L292,15.11.96, p.2) 17Council Regulation (EU) 2017/1939 of 12 October 2017 implementing enhanced cooperation on the establishment of the European Public Prosecutor’s Office (‘the EPPO’) (OJ L283, 31.10.2017,, p.1) 18 Directive (EU) 2017/1371 of the European Parliament and of the Council of 5 July 2017 on the fight against fraud to the Union's financial interests by means of criminal law (OJ L 198, 28.7.2017, p. 29)
Amendment 566 #
2020/0104(COD)
Proposal for a regulation
Recital 40 a (new)
Recital 40 a (new)
(40a) The unprecedented scale of the Recovery and Resilience Facility warrants the highest degree of scrutiny in the interest of the European taxpayer. Therefore, the Union budgetary procedure shall be applicable. The auditing of accounts should be undertaken by the Court of Auditors. The overall budget is subject to the discharge procedure.
Amendment 570 #
2020/0104(COD)
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
This Regulation establishes a Recovery and Resilience Facility (the ‘Facility’) as a temporary instrument designed to tackle the adverse effects and consequences of the COVID-19 pandemic in the Union.
Amendment 571 #
2020/0104(COD)
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
This Regulation establishes a temporary Recovery and Resilience Facility (the ‘Facility’).
Amendment 575 #
2020/0104(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 3 a (new)
Article 2 – paragraph 1 – point 3 a (new)
3a. ‘European added value’ for the purpose of this Regulation means the value resulting from Union intervention, which is additional to the value (it may result from different factors, e.g. coordination gains, legal certainty, greater effectiveness or complementarities) that would have been otherwise created by Member States alone;
Amendment 579 #
2020/0104(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 3 a (new)
Article 2 – paragraph 1 – point 3 a (new)
3a. ‘Milestone’ is an objectively measurable and verifiable policy objective that a Member State commits to fully fulfil in a legally binding way; reaching a milestone is the precondition for the payment of an instalment.
Amendment 581 #
2020/0104(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 3 b (new)
Article 2 – paragraph 1 – point 3 b (new)
3b. ‘additionality’ for the purpose of this Regulation means compliance with additionality requirement set out in [point (b)of Article 209(2)] of [the Financial Regulation] and, where appropriate, maximising private investment in accordance with [point (d) of Article 209(2)] of the [Financial Regulation];.
Amendment 603 #
2020/0104(COD)
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
The scope of application of the Recovery and Resilience Facility established by this Regulation shall refer to policy areas related tohaving a clear European added value related to Single Market, economic, social and territorial cohesion, SMEs, the green and digital transitions, health, competitiveness, resilience, productivity, education and skills, research and innovation, smart, sustainable and inclusive growth, jobs and investment, and the stability of the financial systems.
Amendment 625 #
2020/0104(COD)
Proposal for a regulation
Article 3 a (new)
Article 3 a (new)
Article 3a Negative Scope Consumptive expenditures and financing of regular ongoing budgetary expenditures shall not be eligible for funding from this Facility.
Amendment 656 #
2020/0104(COD)
Proposal for a regulation
Article 4 – paragraph 1 a (new)
Article 4 – paragraph 1 a (new)
Amendment 668 #
2020/0104(COD)
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. To achieve that general objective, the specific objective of the Recovery and Resilience Facility shall be to provide Member States with financial support with a view to achieving the clear milestones and targets of reforms andgrowth enhancing reforms and sustainable investments as set out in their recovery and resilience plans. That specific objective shall be pursued in close cooperation with the Member States concerned.
Amendment 678 #
2020/0104(COD)
Proposal for a regulation
Article 4 – paragraph 2 a (new)
Article 4 – paragraph 2 a (new)
2a. The projects shall bring EU added value and priority should be given either to cross-border projects or to those projects who due to spill over effects generate European added value in more than one Member State or region.
Amendment 681 #
2020/0104(COD)
Proposal for a regulation
Article 4 – paragraph 2 b (new)
Article 4 – paragraph 2 b (new)
2b. The Facility shall not run counter to the strategic and economic interests of the Union. In that respect, support shall not be provided to projects that are part of the strategic investment plans of third countries.
Amendment 683 #
2020/0104(COD)
Proposal for a regulation
Article 4 – paragraph 2 c (new)
Article 4 – paragraph 2 c (new)
2c. The Facility shall not substitute regular national budgetary expenditure.
Amendment 684 #
2020/0104(COD)
Proposal for a regulation
Article 4 – paragraph 2 d (new)
Article 4 – paragraph 2 d (new)
2d. The Facility shall not finance projects detrimental to the Single Market or which would contribute to its fragmentation.
Amendment 701 #
2020/0104(COD)
Proposal for a regulation
Article 5 – paragraph 2
Article 5 – paragraph 2
2. The amounts referred to in paragraph 1(a) may also cover expenses pertaining to preparatory, monitoring, control, audit and evaluation activities, which are required for the management of each instrument and the achievement of its objectives, in particular studies, meetings of experts, information and communication actions, including corporate communication of the political priorities of the Union, in so far as they are related to the objectives of this Regulation, expenses linked to IT networks focusing on information processing and exchange, corporate information technology tools, and all other technical and administrative assistance expenses incurred by the Commission for the management of each instrument. Expenses may also cover the costs of other supporting activities such as quality control and monitoring of projects on the ground and the costs of peer counselling and experts for the assessment and implementation of reforms andgrowth enhancing reforms and sustainable investments.
Amendment 716 #
2020/0104(COD)
Proposal for a regulation
Article 6 – paragraph 1 a (new)
Article 6 – paragraph 1 a (new)
The outstanding unused amount under the Facility shall be transferred into a budgetary reserve that may be used to reinforce EU programmes under direct management in the areas of research and innovation (Horizon Europe), education (Eramus+), infrastructure (Connecting Europe Facility), digitalisation (Digital Europe) and border management (Integrated Border Management Fund). The budgetary reserve shall be released in part or in its entirety only after the Commission has concluded that the programmes indicated in sub-paragraph 1, cannot reach the objectives set out in the respective legislation, without an increase of financing. The budgetary reserve and subsequent transfers shall comply with the rules set out in the Financial Regulation and shall be subject to the approval of the Parliament and Council. The amount still in the budgetary reserve on 31 December 2027 shall be used in its entirety for repayment of the financing drawn by the Commission for the purpose of the financing of the Facility.
Amendment 722 #
2020/0104(COD)
Proposal for a regulation
Article 6 a (new)
Article 6 a (new)
Amendment 725 #
2020/0104(COD)
Proposal for a regulation
Article 7 – paragraph 1 a (new)
Article 7 – paragraph 1 a (new)
Amendment 726 #
2020/0104(COD)
Proposal for a regulation
Article 7 – paragraph 1 b (new)
Article 7 – paragraph 1 b (new)
For the purpose of sustainable financing of the Facility the Commission and Council shall commit to introduce a clear and binding calendar for a basket of new own resources which shall enter the Union budget in the course of the next Multiannual Financial Framework. The amount of the new own resources shall be sufficient to cover at least the principal and interest costs related to the borrowing of funds under the Next Generation EU.
Amendment 727 #
2020/0104(COD)
Proposal for a regulation
Article 7 – paragraph 1 c (new)
Article 7 – paragraph 1 c (new)
The Commission shall put in place effective and proportionate anti-fraud measures taking into account the risks identified.
Amendment 739 #
2020/0104(COD)
Proposal for a regulation
Article 9 – paragraph 1 – introductory part
Article 9 – paragraph 1 – introductory part
1. In the event of significant non- compliance in relation to any of the cases laid down inThe financing from the Facility shall not be granted in the following cases: (a) if the Council has decided in accordance with Article 126(6) of the Treaty that excessive government deficit exists in a beneficiary Member State, and if it has been established in accordance with Article 126(8) of the Treaty that the Member State concerned has not taken effective action in response to a Council recommendation made under Article 1526(7) of the Regulation laying down common provisions on the […)][CPR], the Council shall, on a proposal from the Commission, adopt a decision by means of an implementing act to suspend the time period for the adoption of the decisions referred to in Articles 17(1) and 17(2) or to suspend payments under the Recovery and Resilience Facility. Treaty; (b) where the Council adopts two successive recommendations in the same imbalance procedure, in accordance with Article 8(3) of Regulation (EU) No 1176/2011 of the European Parliament and of the Council on the grounds that a Member State has submitted an insufficient corrective action plan; (c) where the Council adopts two successive decisions in the same imbalance procedure in accordance with Article 10(4) of Regulation (EU)No 1176/2011 establishing non-compliance by a Member State on the grounds that it has not taken the recommended corrective action; (d) where the Commission concludes that a Member State has not taken measures as referred to in Council Regulation (EC)No 332/2002 and as a consequence decides not to authorise the disbursement of the financial assistance granted to that Member State; (e) where the Council decides that a Member State does not comply with the macro-economic adjustment programme referred to in Article 7 of Regulation (EU) No 472/2013 of the European Parliament and of the Council, or with the measures requested by a Council decision adopted in accordance with Article 136(1) TFEU. If a Member State is under one or more of the above situations, the Commission may decide to suspend either the totality or part of the commitments and payments from the Facility to the Member State concerned.
Amendment 742 #
2020/0104(COD)
Proposal for a regulation
Article 9 – paragraph 1 – introductory part
Article 9 – paragraph 1 – introductory part
1. In the event of significant non- compliance in relation to any of the cases laid down in Article 15(7) of the Regulation laying down common provisions on the […)][CPR], the Council shall, on a proposal from the Commission, adopt a decision by means of an implementing act to suspendan automatic suspension for the time period for the adoption of the decisions referred to in Articles 17(1) and 17(2) or to suspendand an automatic suspension for payments under the Recovery and Resilience Facility shall enter into force with immediate effect.
Amendment 744 #
2020/0104(COD)
Proposal for a regulation
Article 9 – paragraph 1 – subparagraph 1
Article 9 – paragraph 1 – subparagraph 1
The decision to suspendsuspension of payments referred to in paragraph 1 shall apply to payment applications submitted after the date of the decision to suspendsion.
Amendment 748 #
2020/0104(COD)
Proposal for a regulation
Article 9 – paragraph 2 – introductory part
Article 9 – paragraph 2 – introductory part
2. Inf the event of occurrence of any of the cases referred to in Article 15(11) of the Regulation laying down common provisions on the […], the Council shall, on a proposal from the Commission, adopt a decision by means of an implementing act to lift the suspension of the time period or of payments referred to in the previous paragraphCouncil decides that the Member State concerned has taken the necessary corrective action, the Commission shall decide, without delay, to lift the suspension.
Amendment 751 #
2020/0104(COD)
Proposal for a regulation
Article 9 – paragraph 2 – subparagraph 1 a (new)
Article 9 – paragraph 2 – subparagraph 1 a (new)
The Council shall take the decisions referred to in paragraphs 1 and 2 by qualified majority based on a proposal from the Commission.
Amendment 758 #
2020/0104(COD)
Proposal for a regulation
Article 9 a (new)
Article 9 a (new)
Amendment 799 #
2020/0104(COD)
Proposal for a regulation
Article 12 – paragraph 2
Article 12 – paragraph 2
2. A Member State may request a loan at the same time of the submission of a recovery and resilience plan referred to in Article 15, or at a different moment in time until 31 August 2024. In the latter case, the request shall be accompanied by a revised plan, including additional and clear milestones and targets.
Amendment 804 #
2020/0104(COD)
Proposal for a regulation
Article 12 – paragraph 3 – point a
Article 12 – paragraph 3 – point a
(a) the reasons for the loan support, justified by the higher financial needs linked to additional reforms andgrowth enhancing reforms and sustainable investments;
Amendment 807 #
2020/0104(COD)
Proposal for a regulation
Article 12 – paragraph 3 – point b
Article 12 – paragraph 3 – point b
(b) the additional reforms andgrowth enhancing reforms and sustainable investments in line with Article 15;
Amendment 809 #
2020/0104(COD)
Proposal for a regulation
Article 12 – paragraph 3 – point c a (new)
Article 12 – paragraph 3 – point c a (new)
(ca) information about how the loan request fits into the overall financial planning of the Member State and how it fits into the general objective of sound fiscal policies in line with the Union’s framework for economic governance;
Amendment 819 #
2020/0104(COD)
Proposal for a regulation
Article 13 – paragraph 1 – point a
Article 13 – paragraph 1 – point a
(a) the justification for requesting the loan and its amount is considered reasonable and plausible in relation to the additional reforms andgrowth enhancing reforms and sustainable investments; and
Amendment 823 #
2020/0104(COD)
Proposal for a regulation
Article 13 – paragraph 1 – point b
Article 13 – paragraph 1 – point b
(b) the additional reforms andgrowth enhancing reforms and sustainable investments comply with the criteria set out in Article 16(3.
Amendment 829 #
2020/0104(COD)
Proposal for a regulation
Article 13 – paragraph 2 – point d
Article 13 – paragraph 2 – point d
(d) the maximum number of instalments and thea clear, precise and binding repayment schedule;
Amendment 830 #
2020/0104(COD)
Proposal for a regulation
Article 13 – paragraph 2 – point e
Article 13 – paragraph 2 – point e
(e) the other elements needed for the implementation of the loan support in relation to the growth enhancing reforms and the sustainable investment projects concerned in line with the decision referred to in Article 17(2).
Amendment 840 #
2020/0104(COD)
Proposal for a regulation
Article 14 – paragraph 1
Article 14 – paragraph 1
1. In pursuance of the objectives set out in Article 4, Member States shall prepare national recovery and resilience plans. These plans shall set out the reform and investment agenda of the Member State concerned for the subsequent four years. Recovery and resilience plans eligible for financing under this instrument shall comprise measures for the implementation of reforms andgrowth enhancing reforms and sustainable public investment projects through a coherent package.
Amendment 860 #
2020/0104(COD)
Proposal for a regulation
Article 14 – paragraph 2
Article 14 – paragraph 2
2. The recovery and resilience plans shall be consistent with the relevant country-specific challenges and priorities identified in the context of the European Semester, in particular those relevant for or resulting from the green and digital transition. The recovery and resilience plans shall also be consistent with the information included by the Member States in the national reform programmes under the European Semester, in their national energy and climate plans and updates thereof under the Regulation (EU)2018/199921 , in the territorial just transition plans under the Just Transition Fund22 , and in the partnership agreements and operational programmes under the Union funds. __________________ 21Regulation (EU)2018/1999 of the European Parliament and of the Council of 11 December 2018 on the Governance of the Energy Union and Climate Action. 22 […]
Amendment 877 #
2020/0104(COD)
Proposal for a regulation
Article 14 – paragraph 2
Article 14 – paragraph 2
2. The recovery and resilience plans shall be consistentaligned with the relevant country- specific challenges and priorities identified in the context of the European Semester, in particular those relevant for or resulting from the green and digital transition. For euro area countries attention shall be given to the relevant recommendations for the euro area as endorsed by the Council. The recovery and resilience plans shall also be consistent with the information included by the Member States in the national reform programmes under the European Semester, in their national energy and climate plans and updates thereof under the Regulation (EU)2018/199921 , in the territorial just transition plans under the Just Transition Fund22 , and in the partnership agreements and operational programmes under the Union funds. __________________ 21Regulation (EU)2018/1999 of the European Parliament and of the Council of 11 December 2018 on the Governance of the Energy Union and Climate Action. 22 […]
Amendment 893 #
2020/0104(COD)
Proposal for a regulation
Article 14 – paragraph 2 a (new)
Article 14 – paragraph 2 a (new)
2a. The recovery and resilience plans shall contribute to the strengthening of the Single Market.
Amendment 930 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point a
Article 15 – paragraph 3 – point a
(a) an explanation of the wayjustification on how the relevant country-specific challenges and priorities identified in the context of the European Semester are expected to be addressed, including fiscal aspects thereof, and challenges related to Article 6 of Regulation (EU) No 1176/2011 are addressed; for euro area countries particular attention shall be given to the relevant recommendations for the euro area as endorsed by the Council;
Amendment 937 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point a
Article 15 – paragraph 3 – point a
(a) an explanation of the way the relevant country-specific challenges and priorities identified in the context of the European Semester are expected to be addressed;
Amendment 938 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point a a (new)
Article 15 – paragraph 3 – point a a (new)
(aa) the measures considered as aligned with the country-specific recommendations, which shall be prioritised;
Amendment 939 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point a b (new)
Article 15 – paragraph 3 – point a b (new)
(ab) in case a Member State is experiencing imbalances or excessive imbalances as concluded by the Commission after an in-depth review, an explanation of the way the recommendations made under Article 6 of Regulation (EU) No 1176/2011 are to be addressed;
Amendment 940 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point a c (new)
Article 15 – paragraph 3 – point a c (new)
(ac) an explanation on how the plans would contribute to the strengthening of the Single Market;
Amendment 958 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point b
Article 15 – paragraph 3 – point b
(b) an explanation of how the plan strengthens the growth potential, job creation and economic and social resilience of the Member State concerned, mitigates the economic and social impact of the crisis, particularly for SMEs, and its contribution to enhance economic, social and territorial cohesion and convergence;
Amendment 959 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point b
Article 15 – paragraph 3 – point b
(b) an explanation of how the plan strengthens the growth potential and long- term competitiveness, job creation and economic and social resilience of the Member State concerned, mitigates the economic and social impact of the crisis, and its contribution to enhance economic, social and territorial cohesion and convergence;
Amendment 1015 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point d
Article 15 – paragraph 3 – point d
(d) envisaged clear milestones, targets and an indicative timetable for the implementation of the growth enhancing reforms over a maximum period of four years, and of the investments over a maximum period of seven years;
Amendment 1021 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point e
Article 15 – paragraph 3 – point e
(e) the envisaged sustainable investment projects, and the related investment period;
Amendment 1022 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point f
Article 15 – paragraph 3 – point f
(f) the estimated total cost of the reforms andgrowth enhancing reforms and sustainable investments covered by the recovery and resilience plan submitted (also referred as ‘estimated total cost of the recovery and resilience plan’) backed up by appropriateclear justification and how it is in line with the principle of cost-efficiency and commensurate to the expected impact on the economy and employment;
Amendment 1042 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point j
Article 15 – paragraph 3 – point j
(j) the arrangements for the effective implementation of the recovery and resilience plan by the Member State concerned, including the proposed clear milestones and targets, and the related indicators;
Amendment 1043 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point j a (new)
Article 15 – paragraph 3 – point j a (new)
(ja) the arrangements taken by the Member State to protect the EU financial interests, including measures for the prevention, detection, correction and investigation of irregularities and fraud, the recovery of funds lost, wrongly paid or incorrectly used and, where appropriate, the imposition of sanctions; Member States shall make use of IT-tools put at their disposal by the Commission;.
Amendment 1045 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point k
Article 15 – paragraph 3 – point k
(k) where appropriate, the request for loan support and the additional clear milestones as referred to in Article 12(2) and (3) and the elements thereof ; and
Amendment 1047 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point k a (new)
Article 15 – paragraph 3 – point k a (new)
(ka) information about how the recovery and resilience plan will contribute to sound fiscal policies in the medium and long term, in particular if the recovery and resilience facility encompasses a grant component;
Amendment 1049 #
2020/0104(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point k b (new)
Article 15 – paragraph 3 – point k b (new)
(kb) information in relation to the question of how the recovery and resilience plan generates European added value;
Amendment 1097 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 3 – point a
Article 16 – paragraph 3 – point a
(a) whether the provided justification in the recovery and resilience plan is expected towill contribute to effectively address challenges identified in the relevant country-specific recommendations, including fiscal aspects thereof, and recommendations made under Article 6 of Regulation (EU) No1176/2011, addressed to the Member State concerned, or in other relevant documents officially adopted by the Commission in the European Semester, for euro area countries particular attention shall be given to the recommendations for the euro area as endorsed by the European Council; the measures aligned with the country-specific recommendations shall be prioritised during the disbursal of funds;
Amendment 1107 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 3 – point a a (new)
Article 16 – paragraph 3 – point a a (new)
(a a) in case a Member State is experiencing imbalances or excessive imbalances as concluded by the Commission after an in-depth review, an explanation of the way the recommendations made under Article 6 of Regulation (EU) No 1176/2011 are to be addressed;
Amendment 1110 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 3 – point a b (new)
Article 16 – paragraph 3 – point a b (new)
(a b) whether the plan contains measures that effectively contribute to the strengthening of the Single Market;
Amendment 1163 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 3 – point d
Article 16 – paragraph 3 – point d
(d) whether the recovery and resilience plan is expected to effectively contribute to strengthen the growth potential, long-term competitiveness, job creation, and economic and social resilience of the Member State, mitigate the economic and social impact of the crisis, and contribute to enhance economic, social and territorial cohesion;
Amendment 1177 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 3 – point e
Article 16 – paragraph 3 – point e
(e) whether the justification provided by the Member State on the amount of the estimated total costs of the recovery and resilience plan submitted is reasonable and plausible and is in line with the principle of cost-efficiency and commensurate to the expected impact on the economy and employment; as well as whether the costs are directly linked to the submitted growth enhancing reforms and sustainable investments;
Amendment 1178 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 3 – point e
Article 16 – paragraph 3 – point e
(e) whether the justification provided by the Member State on the amount of the estimated total costs of the recovery and resilience plan submitted is reasonable and plausible and is commensurate to the expected impact on the economy and employ, employment and whether recovery and resilience plan is in line with the notion of sound financial management;
Amendment 1184 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 3 – point e a (new)
Article 16 – paragraph 3 – point e a (new)
(e a) how the recovery and resilience plan fits into the Member State’s medium- term plan to (re-)establish a sound fiscal position in line with the Union’s economic governance framework;
Amendment 1189 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 3 – point f
Article 16 – paragraph 3 – point f
(f) whether the recovery and resilience plan contains measures for the implementation of reforms andgrowth enhancing reforms and sustainable public investments projects that represent coherent actions;
Amendment 1195 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 3 – point g
Article 16 – paragraph 3 – point g
(g) whether the arrangements proposed by the Member States concerned are expected to ensure an effective implementation of the recovery and resilience plan, including the envisaged timetable, clear milestones and targets, and the related indicators.
Amendment 1211 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 4
Article 16 – paragraph 4
4. In case the Member State concerned has requested a loan support as referred to in Article 12, the Commission shall assess whether the request for loan support fulfils the criteria set out in Article 13(1), notably whether the additional reforms andgrowth enhancing reforms and sustainable investments concerned by the loan request fulfil the assessment criteria under paragraph 3.
Amendment 1214 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 5 a (new)
Article 16 – paragraph 5 a (new)
5a. When assessing Member States’ resilience and recovery programmes, the Commission shall encourage and give priority to projects that are of a cross- border nature and link several Member States. In its dialogue with Member States, the Commission shall encourage synergies between the recovery plans of different Member States.
Amendment 1221 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
1. The Commission shall adopt a decision within fourtwo months of the official submission of the recovery and resilience plan by the Member State, by means of an implement delegated act ing actcordance with Article 26a. In the event that the Commission gives a positive assessment to a recovery and resilience plan, that decision shall set out the growth enhancing reforms and sustainable investment projects to be implemented by the Member State, including the clear milestones and targets, and required for the disbursal of instalment of the financial contribution allocated in accordance with Article 11.
Amendment 1228 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
1. The Commission shall adopt a decision within four months of the official submission of the recovery and resilience plan by the Member State, by means of an implementingdelegated act. In the event that the Commission gives a positive assessment to a recovery and resilience plan, that decision shall set out the reforms and investment projects to be implemented by the Member State, including the milestones and targets, and the financial contribution allocated in accordance with Article 11.
Amendment 1233 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 1 a (new)
Article 17 – paragraph 1 a (new)
1a. The growth enhancing reforms and sustainable investment projects aligned with the country-specific recommendations shall be prioritised for the implementation phase.
Amendment 1235 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 2
Article 17 – paragraph 2
2. In case the Member State concerned requests a loan support, the decision shall also set out the amount of the loan support as referred to in Article 12(4) and (5) and the additional reforms andgrowth enhancing reforms and sustainable investment projects to be implemented by the Member State covered by that loan support, including the additional and clear milestones and targets.
Amendment 1247 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 3 – point a
Article 17 – paragraph 3 – point a
(a) where the recovery and resilience plan complies satisfactorieither completely, mostly or partially with the criteria set out in Article 16(3), and the amount of the estimated total costs of the recovery and resilience plan is equal to, or higher than, the maximum financial contribution for that Member State referred to in Article 10, the financial contribution allocated to the Member State concerned shall be equal to the total amount of the maximum financial contribution referred to in Article 10;
Amendment 1261 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 4 – point a
Article 17 – paragraph 4 – point a
(a) the financial contribution to be paid only in instalments once the Member State has satisfactorily implemented the relevantclear milestones and targets identified in relation to the implementation of the recovery and resilience plan; at the request of the European Parliament, following non- attainment of one or several milestones and targets, further instalments shall be withhold, until satisfactory explanation is provided to the European Parliament.
Amendment 1264 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 4 – point a a (new)
Article 17 – paragraph 4 – point a a (new)
(a a) the financial contribution and, where applicable, the amount of loan support to be paid in the form of a pre- financing in accordance with Article 11a after the approval of the recovery and resilience plan;
Amendment 1267 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 4 – point b
Article 17 – paragraph 4 – point b
(b) the description of the growth enhancing reforms and of the sustainable investment projects and the amount of the estimated total cost of the recovery and resilience plan;
Amendment 1270 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 4 – point c – point 1
Article 17 – paragraph 4 – point c – point 1
(1) as regards completion of the sustainable investment, the investment period by which the investment project must be implemented shall end no later than seven years after the adoption of the decision;
Amendment 1273 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 4 – point c – point 2
Article 17 – paragraph 4 – point c – point 2
(2) as regards completion of reforms, the period by which the growth enhancing reforms must be implemented shall end no later than four years after the adoption of the decision.
Amendment 1276 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 4 – point d
Article 17 – paragraph 4 – point d
(d) the arrangements and timetable, including specific milestones, for implementation of the recovery and resilience plan;
Amendment 1279 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 4 – point e
Article 17 – paragraph 4 – point e
(e) the relevant indicators relating to the fulfilment of the envisagedclear milestones and targets; and
Amendment 1281 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 4 – point f
Article 17 – paragraph 4 – point f
(f) the arrangements for providing full access by the Commission to theall underlying relevant data.
Amendment 1283 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 4 – point g
Article 17 – paragraph 4 – point g
(g) where appropriate, the amount of the loan to be paid in instalments and the additional clear milestones and targets related to the disbursement of the loan support.
Amendment 1295 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 6
Article 17 – paragraph 6
6. The arrangements and timetable for implementation as referred to in point (d), the relevant indicators relating to the fulfilment of the envisagedclear milestones and targets referred to in point (e), the arrangements for providing access by the Commission to the underlying data referred to in point (f), and, where appropriate, the additional, clear milestones and targets related to the disbursement of the loan support referred to in point (g) of paragraph 4 shall be further illustrated in an operational arrangement to be agreed by the Member State concerned and the Commission after the adoption of the decision referred to in paragraph 1.
Amendment 1298 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 7
Article 17 – paragraph 7
Amendment 1303 #
2020/0104(COD)
Proposal for a regulation
Article 17 – paragraph 7
Article 17 – paragraph 7
7. The implementingdelegated acts referred to in paragraphs 1 and 2 shall be adopted in accordance with the examination procedure referred to in Article 27(2).
Amendment 1320 #
2020/0104(COD)
Proposal for a regulation
Article 18 – paragraph 2
Article 18 – paragraph 2
2. Where the Commission considers that the reasons put forward by the Member State concerned justify an amendment of the relevant recovery and resilience plan, the Commission shall assess the new plan in accordance with the provisions of Article 16 and shall take a new decision in accordance with Article 17 within fourtwo months of the official submission of the request.
Amendment 1328 #
2020/0104(COD)
Proposal for a regulation
Article 18 – paragraph 3
Article 18 – paragraph 3
3. Where the Commission considers that the reasons put forward by the Member State concerned do not justify an amendment of the relevant recovery and resilience plan, it shall reject the request within fourtwo months of its official submission, after having given the Member State concerned the possibility to present its observations within a period of one month of the communication of the Commission's conclusions.
Amendment 1333 #
2020/0104(COD)
Proposal for a regulation
Article 18 b (new)
Article 18 b (new)
Article 18 b Programme European Added Value - Eligibility Projects under this framework shall maximise Union added value and impact and shall support Union policy goals of strategic European interest that have a cross-border dimension, shall encompass at the least two Member States and strengthen the long-term competitiveness of the Union as a whole.
Amendment 1343 #
2020/0104(COD)
Proposal for a regulation
Article 19 – paragraph 2 a (new)
Article 19 – paragraph 2 a (new)
2a. In 2021, subject to the adoption by the Commission of the legal commitment referred to in Article 19(1), and when requested by a Member State together with the submission of the recovery and resilience plan, the Commission shall make a pre-financing payment of an amount of up to 20% of the legal commitment in the form of non-repayable support, and, where applicable, of up to 20% of the loan support in the form of a loan asset out in accordance with Article 19. By derogation from Article 116(1) of the Financial Regulation, the Commission shall make the corresponding payment within two months after the adoption by the Commission of the legal commitment referred to in Article 19. In cases of pre-financing under paragraph 2a, the financial contributions and, where applicable, the loan support to be paid as referred to in Article 17(4)(a) shall be adjusted proportionally. If the Commission assesses that for one or more milestones or targets there has been a clear regression or in the case of insufficient progress under the respective milestones or targets, the Commission shall proceed to the immediate recovery of the pre-financing part corresponding to the respective investments and reforms. At the same time the Commission shall suspend ongoing procedures until the Member State provides a written explanation and the reimbursement of the undue funds.
Amendment 1348 #
2020/0104(COD)
Proposal for a regulation
Article 19 – paragraph 3 – introductory part
Article 19 – paragraph 3 – introductory part
3. Upon completion of the relevant agreed milestones and targets indicated in the recovery and resilience plan as approved in the implementing act of the Commission, the Member State concerned shall submit to the Commission a duly justified request for payment of the share of the financial contribution corresponding to the completion of the targets and milestones and, where relevant, of the loan tranche. Such requests for payment may be submitted by the Member States to the Commission on a biannual basis. The Commission shall assess, within two months of receiving the request, whether the relevant milestones and targets set out in the decision referred to in Article 17(1) have been satisfactorily implemented. The disbursement of funds shall correspond to the level of completion of the agreed milestones and targets. For the purpose of the assessment, the operational arrangement referred to in Article 17(6) shall also be taken into account. The Commission may be assisted by experts.
Amendment 1356 #
2020/0104(COD)
Proposal for a regulation
Article 19 – paragraph 3 – introductory part
Article 19 – paragraph 3 – introductory part
3. Upon completion of the relevant agreed clear milestones and targets indicated in the recovery and resilience plan as approved in the implementingdelegated act of the Commission, the Member State concerned shall submit to the Commission a duly justified request for payment of the financial contribution and, where relevant, of the loan tranche. Such requests for payment mayshall be submitted by the Member States to the Commission on a biannual basis. The Commission shall assess, within two months of receiving the request, whether the relevantclear milestones and targets set out in the decision referred to in Article 17(1) have been satisfactorily implemented. For the purpose of the assessment, the operational arrangement referred to in Article 17(6) shall also be taken into account. The Commission may be assisted by experts.
Amendment 1358 #
2020/0104(COD)
Proposal for a regulation
Article 19 – paragraph 3 – subparagraph 1
Article 19 – paragraph 3 – subparagraph 1
Where the Commission makes a positive assessment, it shall adopt a decision authorising the disbursement of the financial contribution in accordance with the Financial Regulation. Each payment decision should be disbursed only if relevant milestones have been completed and clear progress has been registered since the previous disbursement.
Amendment 1360 #
2020/0104(COD)
Proposal for a regulation
Article 19 – paragraph 3 – subparagraph 1
Article 19 – paragraph 3 – subparagraph 1
Where the Commission makes a positive assessment, it shall adopt a decision authorising the disbursement of the financial contribution in accordance with the Financial Regulation. Distributions should be made gradually and are subject to the completion of milestones.
Amendment 1363 #
2020/0104(COD)
Proposal for a regulation
Article 19 – paragraph 4 – introductory part
Article 19 – paragraph 4 – introductory part
4. Where, as a result of the assessment referred to in paragraph 3, the Commission establishes that the clear milestones and targets set out in the decision referred to in Article 17(1) have not been satisfactorily implemented, the payment of all or part of the financial contribuapplication shall be suspended. The Member State concerned may present its observations within one month of the communication of the Commission's assessment. The suspension of the payment can also be initiated by the European Parliament, following non-satisfactorily implementation of one or several clear milestones or targets set out in the decision referred to in Article 17(1).
Amendment 1366 #
2020/0104(COD)
Proposal for a regulation
Article 19 – paragraph 4 – subparagraph 1
Article 19 – paragraph 4 – subparagraph 1
The suspension shall only be lifted where the Member State has taken the necessary measures to ensure a satisfactory implementation of the milestones and targets referred to in Article 17(1).
Amendment 1388 #
2020/0104(COD)
Proposal for a regulation
Article 19 a (new)
Article 19 a (new)
Article 19 a Measures linking the Facility to the protection of the Union budget in case of regression of the implemented projects 1. If the Commission assesses that for one or more milestones or targets there has been a clear regression, it shall recover payments made in relation to the respective milestones or targets. 2. Moreover, a Member State shall repay to the Commission any financial contribution paid to it pursuant to Article 19 with respect to a reform commitment, where, within five years of the payment, the conditions that allowed such payments have changed significantly in the Member State concerned. 3. The following cases shall represent a significant change in the conditions that allowed the payment: (a) the elements that led to the achievement of the reform commitments were reversed; or (b) the elements that led to the achievement of the reform commitments were significantly modified by other measures. 4. The Commission shall take a decision on the repayment after having given the Member State concerned the possibility to present its observations within a period of two months of the communication of its conclusions.
Amendment 1395 #
2020/0104(COD)
Proposal for a regulation
Article 20 – paragraph 1
Article 20 – paragraph 1
The Member State concerned shall report on a quarterly basis within the European Semester process on the progress made in the achievement of the recovery and resilience plans, including the operational arrangement referred to in Article 17(6) and the completion of individual proposed milestones, targets, and the related indicators. To that effect, the quarterly reports of the Member States shall be appropriately reflected in the National Reform Programmes, which shall be used as a tool for reporting on progress towards completion of the recovery and resilience plans.
Amendment 1403 #
2020/0104(COD)
Proposal for a regulation
Article 20 a (new)
Article 20 a (new)
Article 20 a Reporting to the European Parliament and the Council on the raised funding for the purpose of the Facility The Commission shall transmit a detailed report regarding the financial obligations it has entered in with third parties for the purpose of the financing the of Facility to the European Parliament and the Council on a quarterly basis. The report shall contain a clear and credible repayment plan, without recourse to the MFF in accordance with Article 7. The sensitive or confidential information shall be available to the Members of the European Parliament under pre-agreed strict confidentiality.
Amendment 1404 #
2020/0104(COD)
Proposal for a regulation
Article 20 b (new)
Article 20 b (new)
Article 20 b Special discharge procedure 1. The spending under the Facility shall be subject to a special discharge procedure which shall verify whether implementation was in accordance with relevant rules, including the principles of sound financial management. 2. By 1 March following the completion of each financial year, the Commission shall forward to the Court of Auditors, who shall have full auditing rights of the spending under the Facility, the provisional accounts of the Facility, accompanied by the report on budgetary and financial management during the financial year. The Commission shall also send the report on budgetary and financial management to the European Parliament and the Council by 31 March of the following year. 3. The Commission shall take into account the observations of the Court of Auditors when drawing up the final accounts of the spending under the Facility. 4. The Commission shall submit to the European Parliament, at the latter's request and as provided for in Article 261(3) of the Financial Regulation, any information necessary for the smooth application of the discharge procedure for the financial year in question. 5. The European Parliament, acting by qualified majority, shall, before 15 May of the year N + 2, grant a special discharge to the spending under the Facility. 6. The discharge procedure shall ensure that the Commission will act on the recommendations of the European Parliament before seeking discharge again.
Amendment 1406 #
2020/0104(COD)
Proposal for a regulation
Article 21 – paragraph 1
Article 21 – paragraph 1
1. The Commission shall transmit the recovery and resilience plans as approved in the implementingdelegated act of the Commission in accordance with Article 17 to the European Parliament and the Council without undue delay. The Member State concerned may request the Commission to redact sensitive or confidential information, the disclosure of which would jeopardise public interests of the Member State. In order to ensure greater transparency and accountability, Member States representatives responsible of the recovery and resilience plans and the relevant institutions and stakeholders shall, at the request of the European Parliament, appear before the competent committees to discuss the measures provided for and to be taken pursuant to this Regulation. Relevant information shall be made available by Member States, at any stage during the process, to the European Parliament and the Council simultaneously.
Amendment 1407 #
2020/0104(COD)
Proposal for a regulation
Article 21 – paragraph 1
Article 21 – paragraph 1
1. The Commission shall transmit the recovery and resilience plans as approved in the implementingdelegated act of the Commission in accordance with Article 17 to the European Parliament and the Council without undue delay. The Member State concerned may request the Commission to redact sensitive or confidential information, the disclosure of which would jeopardise public interests of the Member State. In such a case, the Commission shall liaise with the Parliament and Council how the redacted information can be made available to the Co-legislator in a confidential manner and without undue delay.
Amendment 1414 #
2020/0104(COD)
Proposal for a regulation
Article 21 – paragraph 1 a (new)
Article 21 – paragraph 1 a (new)
Amendment 1416 #
2020/0104(COD)
Proposal for a regulation
Article 21 – paragraph 2
Article 21 – paragraph 2
2. The Commission may engage in communication activities to ensure the visibility of the Union funding for the financial support envisaged in the relevant recovery and resilience plan by displaying a visible label of the Union, including through joint communication activities with the national authorities concerned. The Commission shall ensure the mandatory visibility of spending under the Facility by indicating that the supported projects shall be clearly labelled as ‘EU Recovery Initiative’.
Amendment 1418 #
2020/0104(COD)
Proposal for a regulation
Article 21 a (new)
Article 21 a (new)
Article 21 a 1. The Commission shall establish a recovery and resilience scoreboard (the ‘Scoreboard’) displaying the status of implementation of the agreed growth enhancing reforms and sustainable investments through the recovery and resilience plans of each Member State, and the status of the disbursal of instalments to Member States linked to the satisfactorily implementation of the clear milestones and targets. 2. The Scoreboard shall include key indicators, such as social, economic, environmental and competitiveness indicators, that evaluate the progress registered by the recovery and resilience plans in each of the six areas that define the scope of this Regulation. 3. The Scoreboard shall indicate the degree of fulfilment of the clear milestones of the recovery and resilience plans and the identified shortcomings in their implementation, as well as the recommendations of the Commission to address the respective shortcomings. 4. The Scoreboard shall indicate arrangements and timetable for implementation of the recovery and resilience plan, and for the disbursal of instalments linked to the satisfactorily implementation of the clear milestones and targets; 5. The Scoreboard shall also summarise the main recommendations addressed to the Member States as regards their recovery and resilience plans. 6. The Scoreboard shall serve as a basis for a permanent exchange of best practices between Member States which will materialise in the form of a structured dialogue organised on a regular basis. 7. The Scoreboard shall be constantly updated and shall be publicly available on the Commission’s website. It shall indicate the status of payment claims, payments, suspensions and cancellations of financial contributions. 8. The Commission shall present the Scoreboard at a hearing organised by the competent committees of the European Parliament.
Amendment 1439 #
2020/0104(COD)
Proposal for a regulation
Article 23 – paragraph 2 a (new)
Article 23 – paragraph 2 a (new)
2a. The European Parliament shall have the right to fully scrutinise the spending decisions of the Commission. The Commission shall provide full access to the relevant body of the European Parliament and Members, and inform the European Parliament on a quarterly basis of the status of approved plans, modifications approved to those plans, payment applications made, payment decisions taken, the suspension of payments, the cancellation of payments and the recovery of funds. On a quarterly basis, the Commission shall present an overview of this information at a hearing organised by the competent committees of the European Parliament.
Amendment 1442 #
2020/0104(COD)
Proposal for a regulation
Article 23 – paragraph 2 b (new)
Article 23 – paragraph 2 b (new)
2b. The European Parliament shall organise delegation visits to the Member States in order to exercise democratic oversight over the growth enhancing structural reforms and sustainable investments.
Amendment 1443 #
2020/0104(COD)
Proposal for a regulation
Article 23 – paragraph 2 c (new)
Article 23 – paragraph 2 c (new)
2c. The Commission shall inform the European Parliament on a quarterly basis by establishing a open-data, publicly- accessible database of the ultimate beneficiaries of the funds from the Facility. The sensitive or confidential information shall be available to the Members of the European Parliament under pre-agreed strict confidentiality.
Amendment 1444 #
2020/0104(COD)
Proposal for a regulation
Article 23 a (new)
Article 23 a (new)
Article 23 a Ex-post monitoring of the completed projects For the purpose of the effective use of the resources and the durability of the completed projects under the Facility, the Commission shall establish an effective monitoring framework for the completed projects.
Amendment 1452 #
2020/0104(COD)
Proposal for a regulation
Article 24 – paragraph 1
Article 24 – paragraph 1
1. The Commission shall provide an annual quarterly report to the European Parliament and the Council on the implementation of the Facility set out in this Regulation.
Amendment 1462 #
2020/0104(COD)
Proposal for a regulation
Article 24 – paragraph 2
Article 24 – paragraph 2
2. The annual report shall include information on the progress made with the recovery and resilience plans of the Member States concerned under the Facility.
Amendment 1467 #
2020/0104(COD)
Proposal for a regulation
Article 24 – paragraph 3 – introductory part
Article 24 – paragraph 3 – introductory part
3. The annual report shall also include the following information:
Amendment 1468 #
2020/0104(COD)
Proposal for a regulation
Article 24 – paragraph 3 – point a
Article 24 – paragraph 3 – point a
(a) The volume of the proceeds assigned to the Facility under the European Union Recovery Instrument in the previous year, broken down by budget line and Member State, and
Amendment 1474 #
2020/0104(COD)
Proposal for a regulation
Article 24 – paragraph 3 – point b a (new)
Article 24 – paragraph 3 – point b a (new)
(b a) a section for each Member State detailing the respect of the principle of sound financial management in accordance with Article 61 of the Financial Regulation.
Amendment 1480 #
2020/0104(COD)
Proposal for a regulation
Article 24 – paragraph 4
Article 24 – paragraph 4
Amendment 1486 #
2020/0104(COD)
Proposal for a regulation
Article 24 – paragraph 4 a (new)
Article 24 – paragraph 4 a (new)
4a. The report shall be transmitted to the European Parliament and the European Council as part of the Integrated Financial Accountability Reporting and shall be part of the special discharge procedure of the Facility.
Amendment 1493 #
2020/0104(COD)
Proposal for a regulation
Article 25 – paragraph 2
Article 25 – paragraph 2
2. The evaluation report shall, in particular, assess to which extent the objectives have been achieved, the efficiency of the use of resources and the European added value., the appropriateness of the conditionality provisions as well as assessment of moral hazard risks; It shall also consider the continued relevance of all objectives and actions.
Amendment 1500 #
2020/0104(COD)
Proposal for a regulation
Article 25 a (new)
Article 25 a (new)
Article 25 a Control of the Budget 1. By 1 March following the completion of each financial year, the Commission’s accounting officer shall forward to the Court of Auditors the provisional accounts of the Facility, accompanied by the report on budgetary and financial management during the financial year. The Commission’s accounting officer shall also send the report on budgetary and financial management to the European Parliament and the Council by 31 March of the following year. 2. After receiving the observations of the Court of Auditors on the provisional accounts of the Authority in accordance with Article 245 and 246 of the Financial Regulation, the Commission, shall draw up the final accounts of the Authority and transmit them, for opinion, to the Management Board. 3. The Commission shall submit to the European Parliament, at the latter’s request and as provided for in Article 261 (3) of the Financial Regulation, any information necessary for the smooth application of the discharge procedure for the financial year in question. 4. The European Parliament, following a recommendation from the Council acting by qualified majority, shall, before 15 May of the year N + 2, grant a discharge to the Authority for the implementation of the budget comprising revenue from the General Budget of the European Union and competent authorities for the financial year N. 5. The final accounts shall be published.
Amendment 1504 #
2020/0104(COD)
Proposal for a regulation
Article 26 – paragraph 1
Article 26 – paragraph 1
1. The recipients of Union funding shall acknowledge the origin and ensure the visibility of the Union funding by displaying a visible label of the Union, in particular when promoting the actions and their results, by providing coherent, effective and proportionate targeted information to multiple audiences, including the media and the public. The recipients shall ensure the mandatory visibility of spending under the Facility by clearly labelling the supported projects as ‘EU Recovery Initiative’.
Amendment 1508 #
2020/0104(COD)
Proposal for a regulation
Article 26 – paragraph 2 a (new)
Article 26 – paragraph 2 a (new)
2a. When promoting the actions and their results, the recipients of Union funding shall involve Members of the European Parliament coming from the same region as the recipients.
Amendment 1509 #
2020/0104(COD)
Proposal for a regulation
Article 26 a (new)
Article 26 a (new)
Article 26 a Exercise of the delegation 1. The power to adopt delegated acts is conferred on the Commission subject to the conditions laid down in this Article. 2. The power to adopt delegated acts referred to in Article 9 and Article 17 shall be conferred on the Commission until 31 December 2027. 3. The delegation of power referred to in Article 9 and Article 17 may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force. 4. Before adopting a delegated act, the Commission shall consult experts designated by each Member State in accordance with the principles laid down in the Interinstitutional Agreement of 13 April 2016 on Better Law-Making. 5. As soon as it adopts a delegated act, the Commission shall notify it simultaneously to the European Parliament and to the Council. 6. A delegated act adopted pursuant to Article 9 or Article 17 shall enter into force if no objection has been expressed either by the European Parliament or by the Council within a period of three months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by three months at the initiative of the European Parliament or of the Council.
Amendment 1516 #
2020/0104(COD)
Proposal for a regulation
Article 27
Article 27
Amendment 1519 #
2020/0104(COD)
Proposal for a regulation
Annex I – paragraph 2 – introductory part
Annex I – paragraph 2 – introductory part
This annex sets out the methodology for calculating the maximum financial contribution available for each Member State in accordance with Article 10. The method takes into account:
Amendment 1522 #
2020/0104(COD)
Proposal for a regulation
Annex I – paragraph 2 – indent 3 a (new)
Annex I – paragraph 2 – indent 3 a (new)
— The cumulative drop in real GDP over the period from 2020 to 2021, namely real GDP change by 2021 as compared to 2019.
Amendment 1525 #
2020/0104(COD)
Proposal for a regulation
Annex I – paragraph 4 – introductory part
Annex I – paragraph 4 – introductory part
Amendment 1526 #
2020/0104(COD)
Proposal for a regulation
Annex I – paragraph 4 – subparagraph 2 – subparagraph 3 – subparagraph 4 – subparagraph 15 a (new)
Annex I – paragraph 4 – subparagraph 2 – subparagraph 3 – subparagraph 4 – subparagraph 15 a (new)
For 2023 and 2024, the maximum financial contribution of a Member State under the Facility (MFCi) is defined as follows: MFCi(2023-2024) = betai × [ 0,4(FS) + uncommitted amount (2021-2022) ]
Amendment 1527 #
2020/0104(COD)
Proposal for a regulation
Annex I – paragraph 4 – subparagraph 2 – subparagraph 3 – subparagraph 4 – subparagraph 15 b (new)
Annex I – paragraph 4 – subparagraph 2 – subparagraph 3 – subparagraph 4 – subparagraph 15 b (new)
Amendment 1528 #
2020/0104(COD)
Proposal for a regulation
Annex I – paragraph 4 – subparagraph 2 – subparagraph 3 – subparagraph 4 – subparagraph 15 c (new)
Annex I – paragraph 4 – subparagraph 2 – subparagraph 3 – subparagraph 4 – subparagraph 15 c (new)
The allocation key for the period from 2023 to 2024 shall be calculated by 30 June 2022 based on the Eurostat data.
Amendment 1532 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 1 – paragraph 3
Annex II – point 1 – paragraph 3
The guidelines are a tool to facilitate assessment by the Commission of the proposals for recovery and resilience plans as submitted by Member States, and to ensure that the recovery and resilience plans support reforms and public investment that are relevant and display high, respect the principle of additionality of Union funding and generate a genuine European added value, while ensuring equal treatment among the Member States.
Amendment 1536 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 – introductory part
Annex II – point 2 – paragraph 1 – introductory part
In accordance with Article 16(3), the Commission shall assess the importeffectiveness, efficiency, relevance and coherence of the recovery and resilience plans, and its contribution to the green and digital transitions, and for that purpose, it shall take into account the following criteriaelements:
Amendment 1545 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 – point a
Annex II – point 2 – paragraph 1 – point a
Amendment 1552 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 – point b
Annex II – point 2 – paragraph 1 – point b
Amendment 1559 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 – point c
Annex II – point 2 – paragraph 1 – point c
Amendment 1563 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 – point d
Annex II – point 2 – paragraph 1 – point d
Amendment 1570 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 – point e
Annex II – point 2 – paragraph 1 – point e
Amendment 1577 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 – point f
Annex II – point 2 – paragraph 1 – point f
Amendment 1581 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 – point g
Annex II – point 2 – paragraph 1 – point g
Amendment 1589 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 a (new)
Annex II – point 2 – paragraph 1 a (new)
Effectiveness: (a) whether the recovery and resilience plan is expected to have a lasting impact on the Member State concerned; (b) whether the recovery and resilience plan is expected to effectively contribute to the scope and objectives set out in Articles 3 and 4; (c) whether the justification provided by the Member State on the amount of the estimated total costs of the recovery and resilience plan submitted is reasonable and plausible, and commensurate with the expected impact on the economy and employment; (d) whether the arrangements proposed by the Member States concerned are expected to ensure an effective implementation of the recovery and resilience plan, including the envisaged timetable, milestones and targets, and the related indicators.
Amendment 1590 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 b (new)
Annex II – point 2 – paragraph 1 b (new)
Efficiency: (a) whether the justification provided by Member State on the amount of the estimated total costs of the recovery and resilience plan submitted is reasonable and plausible, and proportionate to the expected impact on the economy and employment;
Amendment 1591 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 c (new)
Annex II – point 2 – paragraph 1 c (new)
Relevance: (a) whether the recovery and resilience plan is expected to generate European added value; (b) whether the recovery and resilience plan is consistent with challenges identified in the latest country-specific recommendations addressed to the Member State concerned or in other relevant documents officially adopted by the Commission in the context of the European Semester; (c) whether the recovery and resilience plan is compatible with the six pillars set out in Article 3; (d) whether the recovery and resilience plan is expected to effectively contribute to the implementation of the commitments of the Union and of its Member States, in particular the Paris Agreement, the UN SDGs, gender mainstreaming and the European Pillar of Social Rights;
Amendment 1592 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 1 d (new)
Annex II – point 2 – paragraph 1 d (new)
Coherence: (a) whether the recovery and resilience plan contains measures for the implementation of reforms and investment projects that represent coherent actions; (b) whether at least 30 % of the amount requested for the recovery and resilience plan contributes to mainstreaming climate and biodiversity actions and environmental sustainability objectives based on the methodology provided by the Commission in accordance with Article 14(1); (c) whether the consultations held for the preparation of the recovery and resilience plan and dialogues planned, including the relevant milestones and targets, in relation with the implementation of the recovery and resilience plan, ensure that the local authorities, social partners, civil society organisations and other relevant stakeholders are given effective opportunities to participate in the preparation and the implementation of the recovery and resilience plan;
Amendment 1594 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 2
Annex II – point 2 – paragraph 2
As a result of the assessment process, the Commission shall give ratings to the recovery and resilience plans submitted by the Member States, under each of the assessment criteria referred to in Article 16(3), in order to assess the importeffectiveness, efficiency, relevance and coherence of the plans and with a view to establishing the financial allocation in accordance with Article 17(3).
Amendment 1595 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 3 – point 2.1
Annex II – point 2 – paragraph 3 – point 2.1
Amendment 1622 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 3 – point 2.2
Annex II – point 2 – paragraph 3 – point 2.2
Amendment 1640 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 3 – point 2.3
Annex II – point 2 – paragraph 3 – point 2.3
Amendment 1648 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 3 – point 2.4
Annex II – point 2 – paragraph 3 – point 2.4
Amendment 1668 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 3 – point 2.5
Annex II – point 2 – paragraph 3 – point 2.5
Amendment 1669 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 3 – point 2.6
Annex II – point 2 – paragraph 3 – point 2.6
Amendment 1672 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 3 – point 2.7
Annex II – point 2 – paragraph 3 – point 2.7
Amendment 1679 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 2 – paragraph 3 – subparagraph 1 (new)
Annex II – point 2 – paragraph 3 – subparagraph 1 (new)
Table 1 Criteria Scope Rating Effectiveness The recovery and A – To a large extent resilience plan is expected to have a lasting B – To a moderate extent impact on the Member State concerned; C – To a small extent The recovery and resilience plan is expected to effectively contribute to the scope and objectives set out in Articles 3 and 4; The justification provided by the Member State on the amount of the estimated total costs of the recovery and resilience plan submitted is reasonable and plausible, and commensurate to the expected impact on the economy and employment; The arrangements A – Adequate proposed by the Member arrangements for States concerned are effective implementation expected to ensure an effective implementation B – Minimum of the recovery and arrangements for resilience plan, including effective implementation the envisaged timetable, milestones and targets, C – Insufficient and the related arrangements for indicators; effective implementation Efficiency The justification provided A – To a large extent by the Member State on the amount of the estimated total costs of the recovery and B – To a moderate extent resilience plan submitted is reasonable and plausible, and proportionate to the C – To a small extent expected impact on the economy and employment; Relevance The recovery and A – To a large extent resilience plan is B – To a moderate extent expected to generate European added value; C – To a small extent The recovery and resilience plan is consistent with challenges identified in the latest country-specific recommendations addressed to the Member State concerned or in other relevant documents officially adopted by the Commission in the context of the European Semester; The recovery and resilience plan is compatible with the six pillars set out in Article 3; The plan is expected to effectively contribute to the implementation of the commitments of the Union and of its Members States, in particular the Paris Agreement, the UN SDGs, gender mainstreaming and the European Pillar of Social Rights; Coherence The recovery and A – To a large extent resilience plan contains measures for the B – To a moderate extent implementation of reforms and investment projects that represent C – To a small extent coherent actions; At least 30 % of the amount requested for the recovery and resilience plan contribute to mainstreaming climate and biodiversity actions and environmental sustainability objectives based on the methodology provided by the Commission in accordance with Article 14(1); The consultations held for the preparation of the recovery and resilience plan and dialogues planned, including the relevant milestones and targets, in relation with the implementation of the recovery and resilience plan, ensure that the local authorities, social partners, civil society organisations and other relevant stakeholders are given effective opportunities to participate in the preparation and the implementation of the recovery and resilience plan;
Amendment 1680 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – introductory part
Annex II – point 3 – paragraph 3 – introductory part
As a result of the assessment process in accordance with Article 16(3), and taking into account the ratings:
Amendment 1681 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 1 – introductory part
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 1 – introductory part
If the final rating for criteria 2.1 to 2.7set out in Table 1 includes scores with:
Amendment 1685 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 1 – indent 1
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 1 – indent 1
— an A for criteria 2.1 and 2.2;ll As, or
Amendment 1686 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 2
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 2
Amendment 1689 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 2 – indent 1 a (new)
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 2 – indent 1 a (new)
— a majority of As over Bs and no Cs, or
Amendment 1693 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 3 – indent 1
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 3 – indent 1
— a majority of A'Bs over B'As and no C's, or
Amendment 1694 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 3 – indent 1 a (new)
Annex II – point 3 – paragraph 3 – subparagraph 1 – subparagraph 3 – indent 1 a (new)
— all Bs.
Amendment 1695 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – subparagraph 2 – subparagraph 1 – introductory part
Annex II – point 3 – paragraph 3 – subparagraph 2 – subparagraph 1 – introductory part
If the final rating for criteria 2.1 to 2.7set out in Table 1 includes scores with:
Amendment 1698 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – subparagraph 2 – subparagraph 1 – indent 1
Annex II – point 3 – paragraph 3 – subparagraph 2 – subparagraph 1 – indent 1
— not an A in criteria 2.1 and 2.2at least one C;
Amendment 1700 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – subparagraph 2 – subparagraph 2
Annex II – point 3 – paragraph 3 – subparagraph 2 – subparagraph 2
Amendment 1705 #
2020/0104(COD)
Proposal for a regulation
Annex II – point 3 – paragraph 3 – subparagraph 2 – subparagraph 3
Annex II – point 3 – paragraph 3 – subparagraph 2 – subparagraph 3
Amendment 1709 #
2020/0104(COD)
Proposal for a regulation
Annex III – paragraph 2 – point a
Annex III – paragraph 2 – point a
(a) number of approved recovery and resilience plans as approved in the implementing act of the Commission;
Amendment 1712 #
2020/0104(COD)
Proposal for a regulation
Annex III – paragraph 2 – point c a (new)
Annex III – paragraph 2 – point c a (new)
(ca) degree of completion of the recovery and resilience plans;
Amendment 1714 #
2020/0104(COD)
Proposal for a regulation
Annex III a (new)
Annex III a (new)
Amendment 48 #
2020/0066(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point -1 (new)
Article 1 – paragraph 1 – point -1 (new)
Regulation (EU) No 575/2013
Article 114 – paragraph 6
Article 114 – paragraph 6
(-1) In Article 114, paragraph 6 is deleted.
Amendment 50 #
2020/0066(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point -1 a (new)
Article 1 – paragraph 1 – point -1 a (new)
Regulation (EU) No 575/2013
Article 150 – paragraph 1 – point d – point ii
Article 150 – paragraph 1 – point d – point ii
(-1a) In point(d) of Article 150(1), point (ii) is replaced by the following: “(ii) exposures to the central government and central banks are assigned a 0% risk weight under Article 114(2) or (4) or Article 495(2);”; ;”; Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02013R0575-20230628)
Amendment 95 #
2020/0066(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EU) No 575/2013
Article 500a – paragraph 1 a (new)
Article 500a – paragraph 1 a (new)
1a. By way of derogation from Article 114(2), for exposures to the central governments and central banks of Member States denominated and funded in the domestic currency of another Member State. (a) until 31 December 2022, the risk weight applied to the exposure values shall be 0 % of the risk weight assigned to those exposures in accordance with Article 114(2); (b) during the period from 1 January 2023 to 31 December 2023, the risk weight applied to the exposure values shall be 20 % of the risk weight assigned to those exposures in accordance with Article 114(2); (c) during the period from 1 January 2024 to 31 December 2024, the risk weight applied to the exposure values shall be 50 % of the risk weight assigned to those exposures in accordance with Article 114(2); (d) during the period beginning 1 January 2025 and thereafter, the risk weight applied to the exposure values shall be 100 % of the risk weight assigned to those exposures in accordance with Article 114(2).
Amendment 99 #
2020/0066(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EU) No 575/2013
Article 500a – paragraph 1 b (new)
Article 500a – paragraph 1 b (new)
1b. By way of derogation from Articles 395(1) and 493(4), competent authorities may allow institutions to incur exposures referred to in paragraph 1 of this Article, up to the following limits: (a) 100 % of the institution’s Tier 1 capital until 31 December 2023; (b) 75 % of the institution’s Tier 1 capital until 31 December 2024; (c) 50 % of the institution’s Tier 1 capital until 31 December 2025. The limits referred to in points (a), (b) and (c) of the first subparagraph of this paragraph shall apply to exposure values after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403.
Amendment 102 #
2020/0066(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3 a (new)
Article 1 – paragraph 1 – point 3 a (new)
Regulation (EU) No 575/2013
Article 500 b (new)
Article 500 b (new)
Amendment 53 #
2019/2213(BUD)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes that reducingthe Commission proposal for the reduction of greenhouse gas (GHG) emissions by 55 % by 2030 represents an enormous challenge, notably with regard to building insulation, developing public transport and achieving both an agricultural transition and a socially just transition; insists that in order to succeed in this unprecedented enterprise in only ten years, urgent action is needed, backed by a strong EU budget as of 2021;
Amendment 90 #
2019/2213(BUD)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Underlines that a timely agreement on the annual budget is crucial for the continuation of payments to fundamental policies such as cohesion and agriculture, and for their contribution to the objectives of the European Green Deal;
Amendment 105 #
2019/2213(BUD)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Notes, however, that in order to attain the 40 % GHG emissions reduction target by 2030, the Commission has estimated that it will be necessary to bridge a funding gap of at least EUR 500 billion every year, including social adaptation measures; considers that this funding gap is strongly underestimated even for the 40 % target, not to mention the 55 %Commission proposal for a future target, and is yet to be addressed at EU or national level; stresses the urgent need for another quantum leap in political and financial efforts in order to achieve these objectives; believes that introducing genuine new own resources is key to bridging this gap; considers that a just transition requires just funding;
Amendment 112 #
2019/2213(BUD)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Considers, therefore, that the whole 2021 budget must comply with the 55 %current GHG emissions reduction target, as requested in itsuntil a decision on a different target has been made, as requested in the European parliament resolution of 15 January 2020 on the European Green Deal, and with the social commitments made by the President of the Commission, in order to send the right signals to EU citizens and businesses;
Amendment 173 #
2019/2213(BUD)
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Reminds that, in the context of scarce financial resources in the European Union budget, consistent efforts are necessary at all levels for the prevention and fight against fraud, corruption and misuse of European Union funds; underlines that the creation of the EPPO marks a ground-breaking development in protecting the European Union's financial interests; calls on the Commission to provide the EPPO with adequate staff and resources so as to allow it to start its activities improving the overall level of protection of the financial interests in the European Union;
Amendment 183 #
2019/2213(BUD)
Motion for a resolution
Subheading 3 a (new)
Subheading 3 a (new)
Sustainable transport & transport infrastructure
Amendment 189 #
2019/2213(BUD)
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Stresses that commensurate funding for transport infrastructure is instrumental in the shift to sustainable mobility through road, rail and multimodal transport, including through the completion of the Trans-European Transport Network (TEN-T); underlines in this regard the role of Shift2Rail and the Connecting Europe Facility; calls for a stronger commitment to the deployment of sustainable alternative fuels;
Amendment 199 #
2019/2213(BUD)
Motion for a resolution
Subheading 3 b (new)
Subheading 3 b (new)
Ensuring the security of European citizens
Amendment 200 #
2019/2213(BUD)
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
Amendment 6 #
2019/2201(INI)
Motion for a resolution
Citation 12 a (new)
Citation 12 a (new)
— having regard to the European Commission’s Joint Communication on the “Eastern Partnership policy beyond 2020 - Reinforcing Resilience, an Eastern Partnership that delivers for all” of 18 March 2020,
Amendment 8 #
2019/2201(INI)
Motion for a resolution
Citation 12 b (new)
Citation 12 b (new)
— having regard to the Council Conclusions of 11 May 2020 on the Eastern Partnership policy beyond 2020,
Amendment 26 #
2019/2201(INI)
Motion for a resolution
Citation 20 a (new)
Citation 20 a (new)
— having regard to the OECD/ODIHR Report of 24 February 2019 on the conclusions from the Parliamentary Elections in Moldova Observation Mission,
Amendment 35 #
2019/2201(INI)
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas the Ministers of Foreign Affairs of Georgia, the Republic of Moldova and Ukraine in the Joint letter of 15 February2020 on the MFF 2021– 2027 reiterated their strong commitment to contribute to the strategic success of the EaP, in particular through the differentiation principle and the establishment of a EU+ Three Associated Partners enhanced dialogue, and emphasized that a dedicated financial tool providing a robust assistance to support complex reform commitments in line with AAs/DCFTAs would be decisive for all actors involved in the process;
Amendment 47 #
2019/2201(INI)
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas the COVID-19 pandemic has proved the rising need for a coordination in tackling common threats between the Union and neighbouring countries; whereas the Union has responded to that need with, among other tools, the provision of financial help to its neighbours from which Moldova is entitled to receive up to EUR 100 million;
Amendment 51 #
2019/2201(INI)
Motion for a resolution
Recital F b (new)
Recital F b (new)
Fb. whereas in April 2019 Moldova celebrated as an associated country 5 years of visa free regime and more than 2.1 million citizens (over 60% of the country's population) have visited the Schengen area since its inception;
Amendment 80 #
2019/2201(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes that the November 2019 Activity Program of the Moldovan Government is less ambitious than the previous government’s 2030 Global Agenda,; and regrets the lack of a new NAPIAAcknowledges the correlation between the next Association Agenda and a new NAPIAA and underlines the importance of agreeing as soon as possible on a new Agenda, as one of the tools to steer the implementation of the Association Agreement; insists that the continuation of EU sector budget support remains conditional upon the delivery of tangible reform, in particular of the judiciary;
Amendment 91 #
2019/2201(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Calls on the European Commission to develop amake a proper use of existing mechanism to monitor the concrete implementation of reforms, including clear benchmarks;
Amendment 97 #
2019/2201(INI)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Calls on Moldovan authorities to further implement the commitments made in the context of the liberalised visa regime for the Schengen area in the area of effective migration management and to ensure asylum rights for third-country applicants in the Republic of Moldova;
Amendment 115 #
2019/2201(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the progress achieved on the reform of public administration and public financial management, but encourages further steps to increase transparencyunderlines that a more efficient and sustainable AA implementation stems from an impartial and professional administration of State institutions and agencies; in this regard encourages Moldovan authorities to increase transparency as well as to prepare and implement the public administration reform of which the starting point might be a public administration national school;
Amendment 145 #
2019/2201(INI)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Underlines that the EU is the biggest provider of aid to Moldova; observes with great concern the continuous propaganda, disinformation campaigns and denigrating messages by governing politicians against the Union, that paint a distorted and unrealistic picture on public television and in the media; regrets such public attacks on the Union’s aid and image as they undermine the implementation of the AA and EU- Moldova relation;
Amendment 155 #
2019/2201(INI)
Motion for a resolution
Paragraph 8 b (new)
Paragraph 8 b (new)
8b. Reiterates the importance of implementing all priority reforms agreed in the Association Agenda and conditionalities agreed for the disbursement of second and third tranches of Macro-Financial Assistance;
Amendment 156 #
2019/2201(INI)
Motion for a resolution
Paragraph 8 c (new)
Paragraph 8 c (new)
8c. Urges the Moldovan authorities to fully implement the Audiovisual Media Services Code in line with European standards of media freedom and pluralism as recommended by the European Commission and the Venice Commission; stresses the need to avoid all attempts to undermine media pluralism, notably those that would further encourage the cartelisation of the media market and related advertising market; notes with concern that, currently, the media is highly monopolised and subordinate to the country’s political and business groups; calls for transparency of media ownership and the provision of dedicated assistance to independent media, especially local outlets, to in order comply with the Code’s requirements regarding obligatory local content; stresses the importance of ensuring genuine independence of the media regulatory agency;
Amendment 160 #
2019/2201(INI)
Motion for a resolution
Subheading 2 a (new)
Subheading 2 a (new)
AA’s implementation importance in the ongoing political developments and the run-up to the November 1 Presidential Elections
Amendment 161 #
2019/2201(INI)
Motion for a resolution
Paragraph 8 d (new)
Paragraph 8 d (new)
8d. Emphasizes the need for a strong and fair political rivalry among presidential candidates, which would not be possible without healthy and transparent system of party-financing and presidential campaign financing;
Amendment 162 #
2019/2201(INI)
Motion for a resolution
Paragraph 8 e (new)
Paragraph 8 e (new)
8e. Stresses that without the genuine determination of the political class to reform the country and to truly implement the AA with the EU, none of true and lasting development could be reached; in this regard, encourages, all political actors and political forces in the country to contribute and initiate multi-party formats and collaboration in good faith on Moldova’s strategic goals thus contributing to the quality of democracy and to the improvement of life conditions of people;
Amendment 163 #
2019/2201(INI)
Motion for a resolution
Paragraph 8 f (new)
Paragraph 8 f (new)
8f. Stresses that free and open access to Moldovan elections for Moldavan citizens living in Transnistria is a positive and important need, but establishing clear and transparent rules to fight the corrupted proceedings of votes buying is an even more urgent need as those practices undermine and destroy all democratic efforts made by political actors of Moldova;
Amendment 164 #
2019/2201(INI)
Motion for a resolution
Paragraph 8 g (new)
Paragraph 8 g (new)
8g. Regrets that for the past five years the political class developments were dominated by corrupt processes that led to party switching and political opportunism; in this regard, urges the authorities to speed up the justice reform to allow for state institutions to function independently and transparently without being undermined or captured by oligarchic interests;
Amendment 165 #
2019/2201(INI)
Motion for a resolution
Paragraph 8 h (new)
Paragraph 8 h (new)
8h. Underlines in view of future elections the importance of democratic legitimacy of the government, transparency in coalition building, respect for the will of the voters and the importance that a government majority reflects the vote of the people;
Amendment 168 #
2019/2201(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Welcomes Moldovan participation in common security and defence policy (CSDP) missions and operations, cyber security and cyber-crime investigations, as well as Moldova’s cooperation with NATO as well as Moldova’s cooperation with NATO and calls on the European Commission and the European Council to further connect Republic of Moldova to new formats of cooperation on countering cyber security, hybrid threats and cyber-crime investigations;
Amendment 206 #
2019/2201(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Urges the Moldovan authorities to ensure the complete independence of the Constitutional Court, and that it is not subject to any form of political interferencefrom the political power; condemns the enormous pressure, blackmailing and harassment the Court’s judges went through before delivering the decision on the Russian loan; deeply regrets the attempts to politicize the Constitutional Court and the inactivity of the prosecution and the anti-corruption centre to defend the independence of the Constitutional Court;
Amendment 209 #
2019/2201(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Reiterates its calls to change the law on appointing the Superior Council of Magistracy and the election of its president in accordance with the recommendations of the Venice Commission; remains deeply concerned by the Moldovan parliament’s powers to appoint judges to the supreme court of justice making it political controlled;
Amendment 230 #
2019/2201(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Urges the Moldovan authorities to increase transparency on the funding of political parties, and to investigate all irregularities in a fair and unbiased way; calls on the authorities to ensure that no funds of charitable foundations are used in the electoral campaigning; urges the authorities to forbid the use of the administrative funds in favour of the governing political class during the election campaign;
Amendment 310 #
2019/2201(INI)
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Calls for more determined action from Moldovan authorities in the field of environmental protection and climate change, in particular waste management, and management of water from the Nistru river;
Amendment 313 #
2019/2201(INI)
Motion for a resolution
Paragraph 24 b (new)
Paragraph 24 b (new)
24b. Invites the European Commission to include Moldova in the stress tests conducted for the internal energy market;
Amendment 314 #
2019/2201(INI)
Motion for a resolution
Subheading 7 a (new)
Subheading 7 a (new)
Non-governmental organizations and citizens' cooperation
Amendment 315 #
2019/2201(INI)
Motion for a resolution
Paragraph 24 c (new)
Paragraph 24 c (new)
24c. Reiterates the important role that non-governmental organization can play in bringing closer the Republic of Moldova and the European Union as well as being of benefit for the AA implementation; in this regard welcomes adoption of a new Law on Non- Commercial Organizations that cuts the time and bureaucratic procedures needed to register an NGO in Moldova as well as improves financial transparency of non- governmental entities;
Amendment 316 #
2019/2201(INI)
Motion for a resolution
Paragraph 24 d (new)
Paragraph 24 d (new)
24d. Supports the idea of a broad participation of civil society through e.g. independent NGOs in implementation of the strategic country’s goals as well as contribution to the bottom-up democratic recovery of state; underlines in this regard that a priority should be given to the NGOs working on democracy standards and fighting the negative consequences of the COVID-19 pandemic; stresses that the EU should establish clear rules helping to avoid provision of grants to “GONGO’s”(NGO’s established and financed by governments through informal channels);
Amendment 317 #
2019/2201(INI)
Motion for a resolution
Paragraph 24 e (new)
Paragraph 24 e (new)
24e. Encourages the European Commission to prepare, consult and create tailored programs for citizens in mode of a direct contact with beneficiaries by using the on-line platform for applying and reporting the use of the funds in the programs; calls in this regard to consider the Green Deal purposes, day-to-day needs of citizens in Moldova;
Amendment 322 #
2019/2201(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Encourages the Moldovan authorities to requestconsider the establishment of a Jean Monnet Dialogue to support inter- party dialogue and parliamentary capacity building;
Amendment 39 #
2019/2126(INI)
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Calls on the EIB to continue to strengthen its efforts to expand its loan activities by providing technical assistance and advisory support, especially in regions with low investment capacity, in order to address regional discrepancies;
Amendment 71 #
2019/2126(INI)
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Encourages the EIB to prioritise projects aiming at supporting a just transition in the Member States; takes the view that due to the different level of preparedness of the Member States in terms of achieving EU climate goals, the EIB should focus its support to the Member States which will be most affected by this transition;
Amendment 72 #
2019/2126(INI)
Motion for a resolution
Paragraph 7 b (new)
Paragraph 7 b (new)
7 b. Underlines the crucial role of the EIB in meeting the objectives set out in the Sustainable Europe Investment Plan; is of the opinion that the EIB should focus its lending on bridging the gaps between Member States as regards the achievement of the climate objectives;
Amendment 77 #
2019/2126(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls for a consistrengtheningt implementation of the eligibility criteria for climate action in order to avert the risk of investments not resulting in significant reductions in greenhouse gases (GHG), in particular with regard to bioenergy, low-carbon gases, carbon capture and storage and compensation programmes; considers that a general anti-abuse provision should support all EIB operations and be included in its declaration on environmental and social standards, which needs to be reviewed in 2020 and aligned with the 1.5°C global warming objectiveensure that the financed projects are in line with the overall objectives of the EU in this field;
Amendment 88 #
2019/2126(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 94 #
2019/2126(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Is of the opinion that, in line with best practices in the commercial banking sector3 , EIB financing should be subject to ambitious scientific objectives and commitments, with a view to phasing out its support to clients whose activities lead to significant GHG emissions; _________________ 3 Crédit Agricole has undertaken to end support for undertakings which develop or plan to develop their activities in the coal sector. Crédit Agricole’s zero tolerance policy applies to all enterprises which develop or plan to develop their activities in the coal sector, ranging from extraction and energy production, to trade and transport.
Amendment 102 #
2019/2126(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. WelcomesTakes note of the new EIB energy lending policy and the example it sets for other banks; regrets that exceptions are applicable to the approval of gas projects until the end of 2021 and that support for gas projects planned for the transport of low-carbon gases is set to continue; calls for this policy to be reviewed in the medium term (by the start of 2022) to close the gaps in gas infrastructure to bring it in line with the European Sustainable Finance Taxonomy and the European Green Pact, and to be consistent with the development of appropriate new external actions in the EUinsists on the need to continue support for gas projects planned for the transport of low-carbon gases; stresses the need to ensure that the use of energy sources such as natural gas and their subsequent financing continues in the transition phase to the objective of achieving climate neutrality by 2050 at the latest;
Amendment 106 #
2019/2126(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Insists that the EIB urgently and fully implements the principle of energy efficiency in all its energy lending, taking into account the impact of energy efficiency on future demand and its contribution to energy security;
Amendment 114 #
2019/2126(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Calls for rigorousnew policies to be implemented in carbon-intensive industrial sectors in which the EIB is active, such as cement, petrochemicals and steel, with a view to phasing out all ‘brown’ loans and aligning all sectoral loans, focusingfocusing on the sustainability of these sectors and on the promotion of a circular economy;
Amendment 134 #
2019/2126(INI)
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20 a. Underlines that irrespective of the strong involvement of the EIB towards achieving the climate neutrality objectives, the institution remains an investment bank and should maintain its focus on supporting projects that deliver growth and job creation;
Amendment 155 #
2019/2126(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Urges the EIB, the largest multilateral lender in the world, to maintain its leading role in future EU financing mechanisms for third countries; opposes the recent initiatives to encourage the EIB to be more active in defence and security, migration management and border control;
Amendment 170 #
2019/2126(INI)
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25 a. Stresses the importance of the EIB’s financing activities in the Eastern and Southern Neighbourhood; asks the EIB to increase its lending mandate towards the Eastern Neighbourhood in order to address both urgent needs and longer term challenges such as rebuilding infrastructure, ensuring adequate housing and emergency response infrastructure as well as combating youth unemployment;
Amendment 172 #
2019/2126(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
26. Urges the EIB to adopt a comprehensive and coherent human rights strategy, which includes the risk of reprisals against human rights defenders; recommends that this strategy include the systematic assessment of human rights risks, including an ex-ante evaluation, and continuous monitoring on the ground; calls on the EIB to include in itsNotes that human rights principles are fully integrated into the Bank’s key due diligence procedures and standards, including ex-ante assessments; recalls that the EIB is directly bound by the EU Charter of Fundamental Rights and that contractsual clauses with clients allowing for the suspension of disbursemencontracts in the case of serious violations of human rights or e; welcomes the revision of the 2009 Statement of Environmental and sSocial sPrinciples and Standards;
Amendment 59 #
2019/2056(DEC)
Motion for a resolution
Paragraph 36 b (new)
Paragraph 36 b (new)
36b. Visitors groups Calls for a review of the system for calculating the financial contribution for the groups of visitors; the current system disregards the fluctuating accommodation and transport costs and fails to keep pace with the inflation;
Amendment 11 #
2019/2028(BUD)
Draft opinion
Paragraph 3
Paragraph 3
3. Regrets the reduction in appropriations proposed by the Commission for producer organisations in the fruit and vegetable sector (- EUR 14,6 million), which could negatively impact their growing contribution to rebalance the bargaining power in the food supply chain, as the farmers will be directly affected; regrets the absence of appropriations for the poultry meat sector as it suffers from unfair trade distortion with Ukraine;
Amendment 15 #
2019/2028(BUD)
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the Commission proposal to allocate EUR 50 million to ‘Other measures for beef and veal’ in order to support the sector and other sectors in case of market difficulties linked to the United Kingdom’s withdrawal from the Union; is concerned that that sector will face additional stress from the Union’s trade agreement with Mercosur;
Amendment 36 #
2019/2028(BUD)
Draft opinion
Paragraph 5
Paragraph 5
5. Believes that the Union can make a vital contribution to the promotion of healthy eating habits, especially among children, and therefore considers it essential to make full use of the ceilings provided for in relation to the Union school schemes and to develop alternative schemes for sustainable consumption in the current regulation; therefore calls on the Member States to strengthen their national programmes to ensure full utilisation of the maximum available allocations (EUR 250 million);
Amendment 39 #
2019/2028(BUD)
Draft opinion
Paragraph 6
Paragraph 6
6. Welcomes the increased support for research and innovation dedicated to the supply of safe and high quality food; stresses that it is essential that funds earmarked for research in the agri-food sector, in particular from the Horizon 2020 budget, remain fully available as such in order to stimulate innovation and smart solutions in the agricultural and rural development sectors., in particular to foster the smart village initiatives;
Amendment 44 #
2019/2028(BUD)
Draft opinion
Paragraph 6 d (new)
Paragraph 6 d (new)
6d. Regrets the lack of allocations for preventing and combating African swine fever, underlining that the Union budget for 2019 allocated EUR 28 million for this purpose; stresses that at least a similar allocation should be included in Union budget for 2020;
Amendment 3 #
2018/2161(INI)
1a. Welcomes the contribution of the European Fund for Strategic Investments (EFSI) in overcoming market failures by addressing market gaps and mobilising private investments;
Amendment 4 #
2018/2161(INI)
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Notes that the implementation of EFSI’s SME Window has been effective in ensuring the speedy deployment of finance to SMEs and mid-caps; highlights the importance of enhancing EIB support to SMEs and mid-caps by providing beneficiaries with clearer information on how to access finance;
Amendment 5 #
2018/2161(INI)
Draft opinion
Paragraph 1 c (new)
Paragraph 1 c (new)
1c. Calls on the EIB to continue strengthening its work with National Promotional Banks and Institutions in order to ensure outreach and further develop advisory activities and technical assistance to support a balanced geographical distribution of EFSI in the long term; calls on the EIB’s local offices to extend their outreach to local partners in order to promote EFSI; stresses the importance to achieve a better geographical and sectorial distribution of the EIB’s lending activity without compromising the high quality of projects;
Amendment 6 #
2018/2161(INI)
Draft opinion
Paragraph 1 d (new)
Paragraph 1 d (new)
1d. Expects the Commission, the EIB and national, regional and local authorities to continue working with National Promotional Banks and Institutions to strengthen their cooperation in creating more synergies between the ESI Funds and EIB financing instruments and loans, in reducing administrative burdens, simplifying procedures, increasing administrative capacity, boosting territorial development and cohesion and improving the visibility of ESI Funds and EIB financing;
Amendment 7 #
2018/2161(INI)
Draft opinion
Paragraph 1 e (new)
Paragraph 1 e (new)
1e. Calls on the EIB to focus investment on a larger number of cross- border projects, especially in light of new priorities of the revised EFSI Regulation; emphasises that projects linking two or more Member States are considered to provide strong indication of additionally, but face issues in attracting funding, so they should become a new target of the EIB lending activities;
Amendment 13 #
2018/2161(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Expects the EIB to improvealign its internal policies to reflect the newly adopted legal environment in order to fight tax avoidance, in addition to fighting tax evasion, as detailed in the Commission’s communication of 21 March 2018 on new requirements against tax avoidance in EU legislation governing in particular financing and investment operations (COM(2018)1756);
Amendment 15 #
2018/2161(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that, irrespective of the final agreement between the UK and the EIB, the EIB should commit to maintaining its's shareholders should ensure that the EIB can maintain the current investment capacity at the currentnd lending level;
Amendment 23 #
2018/2161(INI)
Draft opinion
Paragraph 6
Paragraph 6
6. Encourages the EIB to maximise the use of all available instruments and their impact on the ground in order to tackle the phenomena of forced displacement androot causes of migration;
Amendment 28 #
2018/2161(INI)
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Stresses the importance of the EIB’s financing activities in the Eastern Neighbourhood; asks the EIB to increase its lending towards the Eastern Neighbourhood in order to support investments in countries that are implementing Association Agreements with the EU;
Amendment 1124 #
2018/2121(INI)
Motion for a resolution
Paragraph 176
Paragraph 176
176. Notes that the Commission has opened an in-depth investigation to examine whether Portugal has applied the Madeira Free Zone regional aid scheme in conformity with its 2007 and 2013 decisions approving it, namely by verifying whether tax exemptions granted by Portugal to companies established in the Madeira Free Zone are in line with the Commission decisions and EU State aid rules; highlights that the Commission is verifying whether Portugal complied with the requirements of the schemes, i.e. whether the company profits benefiting from the income tax reductions originated exclusively from activities carried out in Madeira and whether the beneficiary companies actually created and maintained jobs in Madeira;
Amendment 32 #
2018/2033(INI)
Motion for a resolution
Recital C
Recital C
C. whereas Europe still faces a hugen investment deficitgap, even though it has benefitted from exceptionally low interest rates for years and financing conditions remain very favourable;
Amendment 48 #
2018/2033(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note ofWelcomes the Commission’s 2018 country-specific recommendations (CSR);
Amendment 58 #
2018/2033(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Reiterates the urgency of carrying on the fight against the inequalities that hamper economic growthimplementing these country-specific recommendations in order to improve the functioning of the European Semester process and thereby ensure sound fiscal policies, structural reforms to create more jobs and sustainable growth, and boost investment;
Amendment 73 #
2018/2033(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers that responsible growth- orientated fiscal policies are needed at the European level, alongside an appropriate monetary policy conducted independently by the ECB, in order to strengthen the European economy;
Amendment 80 #
2018/2033(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Supports flexibility in the implementation of the Stability and Growth Pact as proposed by the Commission in 2015; considers that much more flexibility is required to boost investment and growth in the EU; calls, therefore, for a reform of the Stability and Growth Pact and the introduction of an aggregate euro area fiscal stanceCalls to improve the enforcement of the Stability and Growth Pact (SGP) with a focus on debt reduction, in order to safeguard responsible public finances; supports the modulation of budgetary adjustment over the economic cycle as proposed by the Commission in 2015 in its Communication on flexibility within the existing rules of the SGP; considers that larger fiscal efforts are required for Member States in economic good times and/or with high levels of public debt, while Member States in economic bad times and with low levels of public debt might rely on fiscal expansion; flexibility as built into the existing SGP rules should strike a good balance between the objective of ensuring prudent fiscal policy and stabilising the economy;
Amendment 102 #
2018/2033(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Takes the view that the development ofnote of the new budgetary tools aimed at stabilisation and convergence in the euro area would be extremely, as proposed by the Commission, which would be important for the economic governance of the Eeurozone area in order to avoid, as far as possible, the re- emergence of events already experienced during the years of the financial crisicomplement the euro area’s single monetary policy; highlights that access to central budgetary tools should be conditional on compliance with fiscal rules;
Amendment 117 #
2018/2033(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
Amendment 205 #
2018/2033(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Welcomes the Council recommendation and the Commission’s efforts to encourage Members States with large current account surpluses to promote faster wage growth, strengthen investment and thus foster economic expansion; highlights the fact that real wage growth has, in recent times, lagged behinddeficits or high external debt to aim at containing growth in unit labour costs and seek to improve their competitiveness; and to encourage Members States with large current account surpluses to promote appropriate wage growth in line with productivity growth, while improvements have occurred in the labour market; stresses, against this background, that there could be room for wage increases in certain sectors and areas to ensure good standards of living, taking ist respecting the role of social partners, strengthen investmento account the need to tackle inequalities and boost growthnd thus foster economic expansion;
Amendment 284 #
2018/2033(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
Amendment 309 #
2018/2007(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Calls onProposes to the ECB to redesignadjust its purchase programmes in order to rebalance and align its portfolio with an investment policy that is consistent with the Paris Agreement and ESG goals; underlines that such redesign may act as a pilot for establishing a future sustainability taxonomy, while fully ensuring the monetary policy effectiveness of the CSPP, as defined in the eligibility criteria of the CSPP, and while avoiding undue distortions or level-playing field concerns;
Amendment 60 #
2018/0243(COD)
Proposal for a regulation
Recital 35 a (new)
Recital 35 a (new)
(35 a) The External Lending Mandate Plus (ELM+) is established as a budgetary guarantee managed indirectly by the EIB, providing commercial and political risk cover for financially sustainable projects in the public sector and political risk cover for financially sustainable projects in the private sector, each worldwide outside the Union. The support of the ELM+ shall not be extended to sovereign investment operations that involve on- lending to the private sector or lending to, or for the benefit of, sub-sovereign entities that can access sub-sovereign financing without sovereign guarantees.
Amendment 61 #
2018/0243(COD)
Proposal for a regulation
Recital 35 b (new)
Recital 35 b (new)
(35 b) The EIB shall indirectly manage and implement the ELM+, provide all strategic banking and risk management competences required by the Commission, including those related to the operational management of the EFSD+ guarantee, provide a writing opinion on banking related matters to accompany each Commission proposal for investment windows under the EFSD+ guarantee, be an eligible counterpart for managing and implementing activities under EFSD+ and shall take any other role of the EIB as part of the implementation of the External Investment Framework in line with the Statute of the relevant EIB entity and role under the Treaty.
Amendment 62 #
2018/0243(COD)
Proposal for a regulation
Recital 36
Recital 36
(36) An External Action Guarantee should be established building on the existing EFSD Guarantee, the External Lending Mandate and the Guarantee Fund for external actions. The External Action Guarantee should support the EFSD+ and ELM+ operations covered by budgetary guarantees, macro-financial assistance and loans to third countries on the basis of Council Decision 77/270/Euratom71 . These operations should be supported by appropriations under this Regulation, together with those under Regulation (EU) No …/… (IPA III) and Regulation (EU) No …/… (EINS), which should also cover the provisioning and liabilities arising from macro-financial assistance loans and loans to third countries referred to in Article 10(2) of Regulation EINS, respectively. When funding EFSD+ operations, priority should be given to those which have a high impact on job creation and whose cost- benefit ratio enhances the sustainability of investment. The operations supported with the External Action Guarantee should be accompanied by an in-depth ex ante assessment of environmental, financial and social aspects, as appropriate and in line with the better regulation requirements. The External Action Guarantee should not be used to provide essential public services, which remains a government responsibility. _________________ 71 Council decision 77/270/EURATOM of 29 March 1977 empowering the Commission to issue Euratom loans for the purpose of contributing to the financing of nuclear power stations (OJ L 88, 6.4.1977, p. 9).
Amendment 63 #
2018/0243(COD)
Proposal for a regulation
Article 1 – paragraph 3
Article 1 – paragraph 3
It also establishes the European Fund for Sustainable Development Plus (the ‘EFSD+’), the External Lending Mandate Plus (ELM+) and an External Action Guarantee.
Amendment 67 #
2018/0243(COD)
Proposal for a regulation
Article 25 – paragraph 4 a (new)
Article 25 – paragraph 4 a (new)
4 a. By way of further derogation from Article 209(3) of the Financial Regulation, repayments and revenues generated by investments under the existing endowments of the ACP Investment Facility shall be considered as revolving assets intended for investment in the sectors and regions covered by the ACP Investment Facility and shall continue to be managed by the EIB. If at any point the Commission or the Council propose for all such assets and liabilities to be transferred to the Union in accordance with Article 25 of the Financial Regulation, the legislative acts concerning the future functioning of the ACP Investment Facility shall be prepared in close dialogue with the EIB, in particular taking into account the ElB's contractual obligations to lend that might be existing at that time.
Amendment 72 #
2018/0243(COD)
Proposal for a regulation
Article 26 – paragraph 1 – subparagraph 1
Article 26 – paragraph 1 – subparagraph 1
The financial envelope referred to in Article (6)(2)(a) shall finance the European Fund for Sustainable Development Plus (EFSD+)EFSD+, ELM+ and the External Action Guarantee.
Amendment 73 #
2018/0243(COD)
Proposal for a regulation
Article 26 – paragraph 1 – subparagraph 2
Article 26 – paragraph 1 – subparagraph 2
The purpose of the EFSD+ as an integrated financial package supplying financial capacity drawing on the methods of implementation set up in Article 23(1)(a), (e), (f) and (g), shall be to support investments and increase access to financing, in order to foster sustainable and inclusive economic and social development and promote the socio-economic resilience in partner countries with a particular focus on the, eradication of poverty, sustainable and inclusive growth, the creation of decent jobs, economic opportunities, skills and entrepreneurship, socioeconomic sectors, micro, small and medium-sized enterprises as well as addressing specific socioeconomic root causes of irregular migration, in accordance with the relevant indicative programming documents. Special attention shall be given to countries identified as experiencing fragility or conflict, Least Developed Countries and heavily indebted poor countries. The ELM+ is established as a budgetary guarantee managed indirectly by the EIB, providing commercial and political risk cover for financially sustainable projects in the public sector and political risk cover for financially sustainable projects in the private sector, each worldwide outside the Union. The support of the ELM+ shall not be extended to sovereign investment operations that involve on- lending to the private sector or lending to, or for the benefit of, sub-sovereign entities that can access sub-sovereign financing without sovereign guarantees.
Amendment 76 #
2018/0243(COD)
Proposal for a regulation
Article 26 – paragraph 4 – subparagraph 1
Article 26 – paragraph 4 – subparagraph 1
The provisioning rate shall range between 9% and 50% depending on the type of operations. A maximum amount of EUR 10 billion shall be provisioned from the EU budget through a specific budget line in the framework of the annual budgetary procedure or through a budget transfer. Within this envelope of EUR 10 billion, the Union shall grant the EIB a budgetary guarantee of EUR 5 billion to be utilised in accordance with Article 26(1). The guarantees can cover up to 50% of the total financing amount of the project.
Amendment 77 #
2018/0243(COD)
Proposal for a regulation
Article 26 – paragraph 6
Article 26 – paragraph 6
6. The EFSD+, the ELM+ and the External Action Guarantee may support financing and investment operations in partner countries in the geographical areas referred to in Article 4(2). The provisioning of the External Action Guarantee shall be financed from the budget of the relevant geographic programmes established by Article 6(2)(a) and shall be transferred into the common provisioning fund. The EFSD+ and the External Action Guarantee may also support operations in beneficiaries listed in Annex I of Regulation IPA III. The funding for these operations under the EFSD+ and for the provisioning of the External Action Guarantee shall be financed from the Regulation IPA. The provisioning of the External Action Guarantee for loans to third countries referred to in Article 10 (2) of Regulation EINS shall be financed from Regulation EINS.
Amendment 79 #
2018/0243(COD)
Proposal for a regulation
Article 26 a (new)
Article 26 a (new)
Article 26 a The EIB shall, under chapter IV of this regulation, Inter alia: a. indirectly manage and implement the ELM+; b. provide all strategic banking and risk management competences required by the Commission, including those related to the operational management of the EFSD+ guarantee, c. provide a written opinion on banking related matters to accompany each Commission proposal for investment windows under the EFSD+ guarantee; d. be an eligible counterpart for managing and implementing activities under EFSD+. Notwithstanding the above, the Commission and the EIB may agree on any other role of the EIB as part of the implementation of the External Investment Framework in line with the Statute of the relevant EIB entity and role under the Treaty.
Amendment 691 #
2018/0229(COD)
Proposal for a regulation
Article 20 – paragraph 1 a (new)
Article 20 – paragraph 1 a (new)
1a. The InvestEU Advisory Hub shall be managed by the Commission, in cooperation with the EIB Group and the other implementing partners.
Amendment 51 #
2018/0212(COD)
Proposal for a regulation
Recital 4
Recital 4
(4) The unprecedented financial crisis and economic downturn that hit the world and the euro area has exposed economic weaknesses in Member States, lacking resilience due to the postponement of structural reforms and thus their limited fiscal capacity to react, and has shown that in the euro area available instruments such as the single monetary policy, automatic fiscal stabilisers and discretionary fiscal policy measures at national level are insufficient to absorb large asymmetric shocks.
Amendment 60 #
2018/0212(COD)
Proposal for a regulation
Recital 5
Recital 5
(5) In order to facilitate macroeconomic adjustment and cushion large asymmetric shocks in the current institutional set-up, Member States whose currency is the euro and other Member States that participate in the exchange rate mechanism (ERM II) have to rely more heavily on remaining instruments of economic policy, such as automatic fiscal stabilisers and other discretionary fiscal measures, making the adjustment more difficult overall, which highlights the need for adherence to the Stability and Growth Pact in the framework of the EU’s fiscal rules in order to create fiscal space and thus be able to address economic shocks. The sequence of the crisis in euro area also suggests strong reliance on the single monetary policy to provide for macro- economic stabilisation in severe macro- economic circumstances.
Amendment 69 #
2018/0212(COD)
Proposal for a regulation
Recital 7
Recital 7
(7) Additional instruments are therefore necessary to avoid in the futureSound public finances could be complemented in the future by additional instruments to avoid that large asymmetric shocks result into deeper and broader situations of stress and weaken cohesion.
Amendment 86 #
2018/0212(COD)
Proposal for a regulation
Recital 10
Recital 10
(10) EISF should be a Union instrument which complements national fiscal policies in clearly defined emergency situations. It should be recalled that it is essential that Member States should pursue sound fiscal policies and build up sufficient fiscal buffers in favourable economic times. Member States shall only be able to access the EISF if they have pursued responsible fiscal policies in the years prior to activating the trigger.
Amendment 96 #
2018/0212(COD)
Proposal for a regulation
Recital 12
Recital 12
Amendment 117 #
2018/0212(COD)
Proposal for a regulation
Recital 15
Recital 15
(15) Strict eligibility criteria based on compliance with decisions and recommendations underthe Stability and Growth Pact as part of the Union's fiscal and economic surveillance framework over a period of twofive years before the request for EISF support should be fulfilled by the Member State requesting EISF support in order not to diminish the incentive for that Member State to pursue prudent budgetary policies. Compliance with any other eligibility criteria, such as a convergence code, shall only be additional to the EU’s fiscal rules and not in replacement of them.
Amendment 135 #
2018/0212(COD)
Proposal for a regulation
Recital 19
Recital 19
(19) In addition to loans, interest rate subsidies should be granted to the Member States concerned to cover the interest costs incurred on such loans, as a specific type of financial assistance under Article 220 of the Financial Regulation. Such an interest rate subsidy would provide additional support in parallel to the loan for Member States undergoing an asymmetric shock and facing tight financing conditions on the financial markets. Payment of interest rate subsidies should be strictly conditional upon the availability of sufficient means in the Stabilisation Support Fund.
Amendment 147 #
2018/0212(COD)
Proposal for a regulation
Recital 22
Recital 22
(22) To that effect, the Commission should examine whether the Member State concerned has respected those conditions. In case of non-compliance the Member State concerned should repay part or the entire loan given and should not be entitled to receiving an interest rate subsidy.
Amendment 155 #
2018/0212(COD)
Proposal for a regulation
Recital 24
Recital 24
(24) The amount of EISF 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 EISF 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 EISF 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 EISF, the loan to a Member State should not exceed 320 percent of the remaining available means under the ceiling set for calibrating the loans under EISF to the available means in the Union budget.
Amendment 171 #
2018/0212(COD)
Proposal for a regulation
Recital 27
Recital 27
(27) Both the determination of the amount of the national contributions to the Stabilisation Support Fund and their transfer should be governed by an intergovernmental agreement to be concluded between Member States whose currency is the euro and other Member States that participate in the exchange rate mechanism (ERM II). That agreement should provide that the national annual contributions for all the Member States are calculated basedshall be equivalent to a share onf the share of thamount of monetary income allocated to the respective national central banks of those Member States whose currency is the euro in the monetary income of the Eurosystem. For Member States which participate in ERM II a specific key should be foreseen to determine the national contributions. The Commission should assist the Member States for the calculation of those contributions. To that end, the European Central Bank (ECB) should communicate to the Commission the amount of monetary income the national central banks of the Eurosystem are entitled to.
Amendment 174 #
2018/0212(COD)
Proposal for a regulation
Recital 28
Recital 28
(28) After that intergovernmental agreement has entered into force, payment of the interest rate subsidy to the Member State concerned should be conditional upon the Member State transferring its yearly contribution to the Stabilisation Support Fund, without exceptions, as the risk of moral hazard and permanent transfers should remain limited. Payment of interest rate subsidies should be strictly conditional upon the availability of sufficient means in the Stabilisation Support Fund, as payments through other funds cannot be guaranteed and would increase the risk of moral hazard. Payment of interest rate subsidies from the Stabilisation Support Fund would be postponed in case the interest rate subsidy to a specific Member State would exceed 320 percent of the available means in the Stabilisation Support Fund at the moment when such payment is due.
Amendment 181 #
2018/0212(COD)
Proposal for a regulation
Recital 31
Recital 31
Amendment 189 #
2018/0212(COD)
Proposal for a regulation
Recital 33
Recital 33
Amendment 242 #
2018/0212(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point a
Article 3 – paragraph 1 – point a
(a) aA 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 Unionin accordance with Article 126 (6) of the TFEU establishing that an excessive deficits exists in the twofive years prior to requesting support from the EISF;
Amendment 250 #
2018/0212(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point b
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 twofive years prior to requesting support from the EISF; _________________ 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
Amendment 255 #
2018/0212(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point c
Article 3 – paragraph 1 – point c
(c) two successive recommendations of the Council in the same imbalance procedure in accordance with Article 8(3) of Regulation (EU) No 1176/2011 of the European Parliament and of the Council20 on grounds that the Member State concerned has submitted an insufficient corrective action plan in the twofive years prior to requesting support from the EISF; _________________ 20 Regulation (EU) No 1176/2011 of the European Parliament and of the Council of 16 November 2011 on the prevention and correction of macroeconomic imbalances OJ L 306, 23.11.2011, p. 25
Amendment 261 #
2018/0212(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point d
Article 3 – paragraph 1 – point d
(d) two successive decisions of the Council in the same imbalance procedure in accordance with Article 10(4) of Regulation (EU) No 1176/2011 of the European Parliament and of the Council having established non-compliance by the Member State concerned on grounds that it has not taken the recommended corrective action in the twofive years prior to requesting support from the EISF;
Amendment 274 #
2018/0212(COD)
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. When the agreement has entered into force, a Member State shall only be eligible for receiving an interest rate subsidy if it complies with its obligations under the agreement. The Commission shall examine whether the Member State concerned complies with its obligations under the agreement. In case of non- compliance the Member State concerned shall repay the entire loan given and shall not be entitled to receiving an interest rate subsidy.
Amendment 292 #
2018/0212(COD)
Proposal for a regulation
Article 4 – paragraph 1 – point b
Article 4 – paragraph 1 – point b
(b) the quarterly national unemployment rate increased above onetwo percentage point in comparison to the unemployment rate observed in same quarter of the previous year.
Amendment 296 #
2018/0212(COD)
(ba) not more than a third of eligible Member States that fulfil the activation criteria of paragraph 1 (a) and (b) may simultaneously request support within a period of 12 months in line with Article 6(1) following the last decision to grant support in line with Article 6(2) of this Regulation.
Amendment 302 #
2018/0212(COD)
Proposal for a regulation
Article 5
Article 5
Amendment 329 #
2018/0212(COD)
Proposal for a regulation
Article 6 – title
Article 6 – title
6 Procedure for granting or withdrawing EISF support
Amendment 333 #
2018/0212(COD)
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 1
Article 6 – paragraph 1 – subparagraph 1
Amendment 339 #
2018/0212(COD)
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 2
Article 6 – paragraph 1 – subparagraph 2
The Commission shall assess and answer the requests in the order it receives them. It shall act without undue delay. The Commission shall appear in front of the committee responsible and inform the European Parliament and the Council without undue delay about the outcome of its assessment.
Amendment 341 #
2018/0212(COD)
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 2 a (new)
Article 6 – paragraph 1 – subparagraph 2 a (new)
Amendment 347 #
2018/0212(COD)
Proposal for a regulation
Article 6 – paragraph 2 a (new)
Article 6 – paragraph 2 a (new)
Amendment 356 #
2018/0212(COD)
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
The outstanding amount of loans granted to Member States under this Regulation shall be limited to EUR 3025 billion in principal.
Amendment 357 #
2018/0212(COD)
Proposal for a regulation
Article 7 – paragraph 1 a (new)
Article 7 – paragraph 1 a (new)
The maximum EISF contribution shall represent 70% of the costs of eligible public investment, while co-financing by the beneficiary shall represent at least 30%.
Amendment 375 #
2018/0212(COD)
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 4
Article 8 – paragraph 1 – subparagraph 4
Amendment 393 #
2018/0212(COD)
Proposal for a regulation
Article 8 – paragraph 3
Article 8 – paragraph 3
3. An EISF loan shall not exceed 320 percent of the available amount referred to in Article 7 after deduction of the total amount of outstanding loans awarded under EISF.
Amendment 399 #
2018/0212(COD)
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
Amendment 403 #
2018/0212(COD)
Proposal for a regulation
Article 10
Article 10
Amendment 441 #
2018/0212(COD)
Proposal for a regulation
Article 18 – paragraph 2
Article 18 – paragraph 2
2. Payment of an interest rate subsidy shall not exceed 320 percent of the available means in the Stabilisation Support Fund at the moment when such payment to the Member State concerned is due. Any further payment shall be deferred. Any new contributions to the Stabilisation Support Fund referred to in Article 17(2) shall be firstly used for honouring deferred payments to the Member States concerned. In case of more than one deferred payment, the order in which such payments shall be honoured shall be determined by the length of time of the deferral starting with the longest time.
Amendment 447 #
2018/0212(COD)
Proposal for a regulation
Article 21 – paragraph 2
Article 21 – paragraph 2
2. The delegation of power referred to in Article 10, Article 19(3), and Article 20(54) shall be conferred on the Commission for an indeterminate period of time from [DATE/entry into force of this Regulation].
Amendment 448 #
2018/0212(COD)
Proposal for a regulation
Article 21 – paragraph 3
Article 21 – paragraph 3
3. The delegation of power referred to in Article 10, Article 19(3) and Article 20(54), may be revoked at any time by the European Parliament or the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
Amendment 449 #
2018/0212(COD)
Proposal for a regulation
Article 21 – paragraph 6
Article 21 – paragraph 6
6. A delegated act adopted pursuant to Article 10, Article 19(3) and Article 20(54) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of three months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by three months at the initiative of the European Parliament or the Council.
Amendment 455 #
2018/0212(COD)
Proposal for a regulation
Article 22 – paragraph 5 – subparagraph 2 – point d
Article 22 – paragraph 5 – subparagraph 2 – point d
Amendment 71 #
2018/0207(COD)
Proposal for a regulation
Recital 2
Recital 2
(2) Those rights and values must continue to be promoted and enforccultivated, protected and sharpromoted among the citizens and peoples and be at the heart of the EU project. Therefore, a new Justice, Rights and Values Fund, comprising the Rights and Values and the Justice programmes shall be created in the EU budget. At a time where European societies are confronted with extremism, radicalism and divisions, it is more important than ever to promote, strengthen and defend justice, rights and EU values: human rights, respect for human dignity, freedom, democracy, equality, the rule of law. It is also crucial to create an enabling environment for peaceful democratic dialogue between representatives of different views. This will have profound and direct implications for political, social, cultural and economic life in the EU. As part of the new Fund, the Justice Programme will continue to support the further development of Union area of justice and cross-border cooperation. The Rights and Values Programme will bring together the 2014-2020 Programme Rights, Equality and Citizenship established by Regulation (EU) No 1381/2013 of the European Parliament and of the Council8 and the Europe for Citizens programme established by Council Regulation (EU) No 390/20149, (hereafter ‘the predecessor Programmes’) and it will be adjusted to address new challenges to European values. __________________ 8 Regulation (EU) No 1381/2013 of the European Parliament and of the Council of 17 December 2013 establishing a Rights, Equality and Citizenship Programme for the period 2014 to 2020 (OJ L 354, 28.12.2013, p. 62) 9 Council Regulation (EU) No 390/2014 of 14 April 2014 establishing the ‘Europe for Citizens’ programme for the period 2014- 2020 (OJ L 115, 17.4.2014, p.3)
Amendment 78 #
2018/0207(COD)
Proposal for a regulation
Recital 3
Recital 3
(3) The Justice, Rights and Values Fund and its two underlying funding programmes will focus primarily on people and entities, which contribute to make our common values, rights and rich diversity alive and vibrant. The ultimate objective is to nurture and sustain rights-based, equal, inclusive and democratic society. That includes a vibrant, resilient and empowered civil society, encouragingwhich fosters people’s democratic, civic and social participation and fosteringcultivates the rich diversity of European society, based on our common values, history and memory. Article 11 of the Treaty of the European Union further specifies that the institutions shall maintain an open, transparent and regular dialogue with civil society and shall, by appropriate means, give citizens and representative associations the opportunity to make known and publicly exchange their views in all areas of Union action.
Amendment 82 #
2018/0207(COD)
Proposal for a regulation
Recital 4
Recital 4
(4) The Rights and Values programme (the ‘Programme’) should allow developing synergies to tackle the challenges that are common to the promotion and protection of values and to reach a critical dimension to have concrete results in the field. That should be achieved byddress the most important challenges to the promotion and protection of values, taking into account that the challenges may vary across the Union. To ensure concrete impact, the Programme should building on the positive experiencelessons of the predecessor Programmes. This will enable to fully exploit the potential of synergies, to more effectively support the policy areas covered and toIt should also take advantage of synergies with other policies and programmes of the Union and of other actors. This will increase their effectiveness and efficiency and will increase their potential to reach people. To be effective, the Programme should take into account the specific nature of the different policies, their different target groups and their particular needs through tailor-made approaches.
Amendment 84 #
2018/0207(COD)
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) Full respect and promotion of rule of law and democracy is a fundamental Union value. It is also the basic condition for building citizens’ trust in the Union as well as between Member States. Respect for the rule of law within the Union is a prerequisite for the protection of fundamental rights, as well as for upholding all rights and obligations deriving from the Treaties. This programme should therefore promote and safeguard fundamental rights, democracy and the rule of law at local, regional, national and transnational levels.
Amendment 95 #
2018/0207(COD)
Proposal for a regulation
Recital 6
Recital 6
(6) Remembrance activities and critical reflection on Europe’s historical memory are necessaryimportant to make citizens aware of the common history and values, as the foundation for a common future, moral purpose and shared values. The relevance of historical, cultural and intercultural aspects should also be taken into account, as well as the links between remembrance and the creation of a European identity and sense of belonging together.
Amendment 115 #
2018/0207(COD)
Proposal for a regulation
Recital 18
Recital 18
(18) Independent human rights bodies and civil society organisations play an essential role in promoting, safeguarding and raising awareness of the Union’s common values under Article 2 TEU, and in contributing to the effective enjoyment of rights under Union law, including the Charter of Fundamental Rights of the EU. As reflected in the European Parliament Resolution of 189 April 2018, adequate financial support is key to the development of a conducive and sustainable environment for civil society organisations to strengthen their role and perform their functions independently and effectively. Complementing efforts at national level, EU funding should therefore contribute to support, empower and build the capacity of independent civil society organisations active in the promotion of humanUnion values such as democracy, rule of law and fundamental rights, whose activities help the strategic enforcement of rights under EU law and the Charter of Fundamental Rights of the EU, including through advocacy and watchdog activities, as well as to promote, safeguard and raise awareness of the Union’s common values at national level.
Amendment 119 #
2018/0207(COD)
Proposal for a regulation
Recital 20
Recital 20
(20) TIn relation to the implementation of the specific objectives of promoting equality and rights, citizens’ engagement and participation in the democratic life of the Union, and combating violence against groups at risk, the Programme should be open, subject to certain conditions, to the participation of European Free Trade Association (EFTA) members which are members of the European Economic Area (EEA) and EFTA members which are not members of the EEA and other European countries. Acceding countries, candidate countries and potential candidate countries benefiting from a pre- accession strategy should also be able to participate in the Programme.
Amendment 120 #
2018/0207(COD)
Proposal for a regulation
Recital 21
Recital 21
(21) In order to ensure efficient allocation of funds from the general budget of the Union, it is necessary to ensure the European added value of all actions carried out, their complementarity to Member States’ actions, while consistency, complementarity and synergies shall be sought with funding programmes supporting policy areas with close links to each other, in particular within the Justice, Rights and Values Fund — and thus with the Justice Programme — as well as with Creative Europe programme, and Erasmus+ to realise the potential of cultural crossovers in the fields of culture, media, arts, education and creativity. It is necessary to create synergies with other European funding programmes, in particular in the fields of employment, internal market, enterprise, youth, health, citizenship, justice, migration, security, research, innovation, technology, industry, cohesion, tourism, external relations, trade and developmentincluding on local, national and international levels, directed at promoting and safeguarding the values enshrined in Article 2 of the Treaty of the European Union. The Commission should seek consistency, synergies and complementarity with Member States’ actions and with other funding programmes supporting policy areas with close links to Justice, Rights and Values Fund, including with Creative Europe programme, and Erasmus+, as well as with relevant policies of the Union.
Amendment 122 #
2018/0207(COD)
Proposal for a regulation
Recital 23
Recital 23
(23) Regulation (EU, Euratom) No [the new FR] (the ‘Financial Regulation’) applies to this Programme. It lays down rules on the implementation of the Union budget, including the rules on grants, prizes, procurement, indirect implementation, financial assistance, financial instruments and budgetary guarantees. It is necessary to ensure that the Programme’s grant-making procedures and requirements are user- friendly for potential beneficiaries, including for local grassroot civil society organisations, and that they ensure full transparency on the use of resources, sound financial management and prudent use of resources.
Amendment 123 #
2018/0207(COD)
Proposal for a regulation
Recital 24
Recital 24
(24) The types of financing and the methods of implementation under this Regulation should be chosen on the basis of their ability to achieve the specific objectives of the actions and to deliver results, taking into account, in particular, the costs of controls, the administrative burden, for the Commission and the beneficiaries, the capacity of potential beneficiaries and the expected risk of non- compliance. This should include consideration of the use of lump sums, flat rates and, unit costs, financial support for third parties, as well as financing not linked to costs as referred to in Article 125(1) of the Financial Regulation. Co- funding should be accepted in kind, including in form of voluntary work, and may be waived in cases of limited complementary funding. In accordance with the Financial Regulation, Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council20 Council Regulation (Euratom, EC) No 2988/9521 Council Regulation (Euratom, EC) No 2185/9622 and Council Regulation (EU) 2017/193923 the financial interests of the Union are to be protected through proportionate measures, including the prevention, detection, correction and investigation of irregularities and fraud, the recovery of funds lost, wrongly paid or incorrectly used and, where appropriate, the imposition of administrative sanctions. In particular, in accordance with Regulation (EU, Euratom) No 883/2013 and Regulation (Euratom, EC) No 2185/96 the European Anti-Fraud Office (OLAF) may carry out administrative investigations, including on-the-spot checks and inspections, with a view to establishing whether there has been fraud, corruption or any other illegal activity affecting the financial interests of the Union. In accordance with Regulation (EU) 2017/1939, the European Public Prosecutor’s Office (EPPO) may investigate and prosecute fraud and other criminal offences affecting the financial interests of the Union as provided for in Directive (EU) 2017/1371 of the European Parliament and of the Council24. In accordance with the Financial Regulation, any person or entity receiving Union funds is to fully cooperate in the protection of the Union’s financial interests, to grant the necessary rights and access to the Commission, OLAF, the EPPO and the European Court of Auditors (ECA) and to ensure that any third parties involved in the implementation of Union funds grant equivalent rights. __________________ 20 Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999,(OJ L248, 18.9.2013, p. 1. 21 Council Regulation (EC, Euratom) No 2988/95 of 18 December 1995 on the protection of the European Communities financial interests (OJ L 312, 23.12.95, p.1). 22 Council Regulation (Euratom, EC) No 2185/96 of 11 November 1996 concerning on-the-spot checks and inspections carried out by the Commission in order to protect the European Communities’ financial interests against fraud and other irregularities (OJ L292.15.11.96, p.2). 23 Council Regulation (EU) 2017/1939 of 12 October 2017 implementing enhanced cooperation on the establishment of the European Public Prosecutor’s Office (‘the EPPO’) (OJ L283, 31.10.2017, p.1). 24 Directive (EU) 2017/1371 of the European Parliament and of the Council of 5 July 2017 on the fight against fraud to the Union’s financial interests by means of criminal law (OJ L 198, 28.7.2017, p. 29).
Amendment 124 #
2018/0207(COD)
Proposal for a regulation
Recital 24 a (new)
Recital 24 a (new)
(24a) In order to increase accessibility and provide guidance and practical information in relation to the Programme, contact points should be set up in Member States to provide assistance to both beneficiaries and applicants.
Amendment 125 #
2018/0207(COD)
Proposal for a regulation
Recital 25
Recital 25
(25) TIn relation to the implementation of the specific objectives of promoting equality and rights, citizens’ engagement and participation in the democratic life of the Union, and combating violence against groups at risk, third countries which are members of the European Economic Area (EEA) may participate in Union programmes in the framework of the cooperation established under the EEA agreement, which provides for the implementation of the programmes by a decision under that agreement. Third countries may also participate on the basis of other legal instruments. A specific provision should be introduced in this Regulation to grant the necessary rights for and access to the authorizing officer responsible, the European Anti-Fraud Office (OLAF) as well as the European Court of Auditors to comprehensively exert their respective competences.
Amendment 130 #
2018/0207(COD)
Proposal for a regulation
Article 2 – paragraph 1
Article 2 – paragraph 1
1. The general objective of the Programme is to protect and promote rights and values as enshrined in the EU Treaties, including particular by supporting civil society organisations at local, national and transnational levels, in order to sustain open, rights-based, democratic, equal and inclusive societies.
Amendment 133 #
2018/0207(COD)
Proposal for a regulation
Article 2 – paragraph 2 – point a a (new)
Article 2 – paragraph 2 – point a a (new)
(aa) to promote and protect democracy, rule of law and fundamental rights on local, national and transnational levels (Union values strand).
Amendment 144 #
2018/0207(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point a a (new)
Article 3 – paragraph 1 – point a a (new)
(aa) promoting equality as a universal fundamental right and a core value of the Union;
Amendment 157 #
2018/0207(COD)
Proposal for a regulation
Article 5 a (new)
Article 5 a (new)
Article 5a Union values strand The programme shall focus on protecting and promoting democracy, rule of law and fundamental rights by providing financial support for independent civil society organisations which cultivate these values at local, national and transnational levels, creating enabling environment for democratic dialogue between representatives of different views, and protecting and promoting fundamental rights, including strengthening freedom of expression, peaceful assembly and association, media freedom, and pluralism of the media, academic freedom, freedom of religion or belief and the right to privacy and family life, all by supporting, empowering and building the capacity of independent civil society organisations active in the promotion of values referred to in Article 2 of the Treaty of the European Union.
Amendment 166 #
2018/0207(COD)
Proposal for a regulation
Article 6 – paragraph 2 a (new)
Article 6 – paragraph 2 a (new)
2a. No less than 65% of funds referred to in points (a) and (b) of paragraph 2 of this Article shall be allocated to action grants, operating grants and core funding for civil society organisations.
Amendment 168 #
2018/0207(COD)
Proposal for a regulation
Article 8 – paragraph 2
Article 8 – paragraph 2
2. The Programme may provide funding in any of the forms laid down in the Financial Regulation, which shall ensure sound financial management, prudent use of public funds, low administrative burden for the Programme operator and for beneficiaries as well as accessibility of the Programme funds to potential beneficiaries. The Programme shall provide funding primarily through action grants, annual and multiannual operating grants and core funding. It may use lump sums, unit costs, flat rates and financial assistance for third parties. Co- funding shall be accepted in kind and may be waived in cases of limited complementary funding.
Amendment 170 #
2018/0207(COD)
Proposal for a regulation
Article 9 a (new)
Article 9 a (new)
Amendment 173 #
2018/0207(COD)
Proposal for a regulation
Article 18 a (new)
Article 18 a (new)
Article 18a Programme Contact Points The Commission shall set up contact points in all Member States in cooperation with local partners or the Member State in question. The contact points shall provide stakeholders and beneficiaries of the Programme with impartial guidance and practical information and assistance in relation to all aspects of the Programme, including in relation to the application procedure, project implementation procedures, reporting and other formalities. The contact points may be managed by Member States or civil society organisations or consortia thereof.
Amendment 175 #
2018/0207(COD)
Proposal for a regulation
Annex I
Annex I
Amendment 105 #
2018/0166R(APP)
Paragraph 14 – point ix a (new)
ix a. Increase the current funding for the Rights and Values programme;
Amendment 120 #
2018/0166R(APP)
Paragraph 14 – point xvi
xvi. Maintain the level of 2014-2020 funding for several EU programmes (e.g. Justice, Rights and Values), for which the Commission proposal represents a reduction in real terms;
Amendment 34 #
2018/0135(CNS)
Proposal for a decision
Recital 1 a (new)
Recital 1 a (new)
Amendment 42 #
2018/0135(CNS)
Proposal for a decision
Recital 1 b (new)
Recital 1 b (new)
(1b) The reform of the EU system of own resources provides a window of opportunity to strengthen the fight against tax fraud, tax evasion and tax avoidance. The implementation of a new basket of own resources is key to fairer and modern systems of taxation in the EU.
Amendment 54 #
2018/0135(CNS)
Proposal for a decision
Recital 6
Recital 6
(6) In order to finance the costs of principal and interest of the repayments of the European Union Recovery Instrument, to better align the Union's financing instruments with its policy priorities, to better reflect the Union's budget role for the functioning of the Single Market, to better support the objectives of Union policies and to reduce Member States' Gross National Income- based contributions to the Union's annual budget, it is necessary to introduce new categories of Own Resources based on the Common Consolidated Corporate Tax Base, the national revenue stemming from the European Union Emissions Trading System and a national contribution calculated on the basis of non-recycled plastic packaging waste. Moreover, new Own Resources based on a Carbon Border Adjustment Mechanism, a digital services tax and the Financial Transaction Tax should be introduced to this end as soon as the underlying legal conditions are in place. The Commission should make the necessary legislative proposal for the mentioned own resources and potential other new own resources, which support the European Green Deal as well as the functioning of the Single Market and efforts to improve the effectiveness of corporate taxation, as soon as possible. Or. en (NOTE: the text comes from COM(2018)0325)
Amendment 151 #
2018/0135(CNS)
Proposal for a decision
Article 7 – paragraph 1 – point b a (new)
Article 7 – paragraph 1 – point b a (new)
(ba) the budgetary treatment of revenue of new own resources exceeding the need for the repayment of loans from the recovery instrument
Amendment 5 #
2017/2286(BUD)
Motion for a resolution
Recital C
Recital C
C. whereas following the December 2017 agreement to launch itsthe second phase of negotiations, the Brexit process should not have a direct impact on the 2019 budget; whereas Brexit, s, as according to the Joint Report of the EU and the UK1a, the UK will contribute to, and participate in, the implementation of the Union annual budgets for March 2019, would nevertheless impact on the positions of different actors;the years 2019 and 2020 as if it had remained in the Union; __________________ 1aJoint report from the negotiators of the European Union and the United Kingdom Government on progress during phase 1 of negotiations under Article 50 TFEU on the United Kingdom's orderly withdrawal from the European Union, TF50 (2017) 19 – Commission to EU 27, 8 December 2017.
Amendment 9 #
2017/2286(BUD)
Motion for a resolution
Recital D
Recital D
D. whereas support for populist and extremists movements in all Member States has been rising and has often led tove provided and fueled misleading information about the EU and its budget;
Amendment 11 #
2017/2286(BUD)
Motion for a resolution
Recital E
Recital E
Amendment 22 #
2017/2286(BUD)
Motion for a resolution
Subheading 1
Subheading 1
Amendment 24 #
2017/2286(BUD)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Stresses that the slow recovery from the consequences ofEU´s and Members States efforts to create growth and jobs after the financial, and economic and social crisis has fallen short ofcrisis can already be seen, but stresses the need for further consolidation in influencing positively the day-to-day lives of EU citizens, while and reducing social inequalities keep on growing;
Amendment 40 #
2017/2286(BUD)
Motion for a resolution
Subheading 2
Subheading 2
Amendment 41 #
Amendment 50 #
2017/2286(BUD)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Believes that the 2019 EU budget must primarily answer to the challenges the EU youth is facing, as well as to support job creation, investments in infrastructure, research, SMEs and to ensure the security of the EU citizens;
Amendment 55 #
Amendment 71 #
2017/2286(BUD)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Recommends providing EU companies, especially SMEs, with a favourable environment for innovation, by properly financing the EU’s research programmes, such as Horizon 2020, and programmes that support SMEs, such as COSME; stresses the importance to design SME programmes according to their specific requirements and considering their low administrative resources; urges the necessity to provide additional funding to successful programmes, which have far more applicants than successful candidates, who receive funding; considers this to be necessary in view of the rapidly changing and highly competitive world and the profound changes in all sectors brought on by digitalisation;
Amendment 74 #
2017/2286(BUD)
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Stresses that investments in research and innovation represent a pre- condition for achieving genuine competitiveness in the EU; regrets the fact that, as a result of an alarmingly low success rate of applications, fewer high- quality projects in the field of research and innovation are receiving EU funding; calls in this respect for an adequate level of appropriations to be ensured for Horizon 2020
Amendment 77 #
2017/2286(BUD)
Motion for a resolution
Paragraph 6 b (new)
Paragraph 6 b (new)
6 b. Recognises the fact that SMEs remain the backbone of the European economy and will continue to play a decisive role in creating jobs and growth across the EU; calls in this respect for COSME appropriations to be increased in 2018, taking into account the success of this programme;
Amendment 79 #
2017/2286(BUD)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Recalls thatSupports the role of the European Fund for Strategic Investments (EFSI) guarantee fund has been financed partly at the expense of Horizon 2020 and the Connecting Europe Facility (CEF)in reducing the investment gap in the EU; reiterates Parliament’s long-standing position that any new initiatives should be financed by new appropriations;
Amendment 104 #
2017/2286(BUD)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Expects the negotiations on the 2019 budget to lead to realisticadequate operational and administrative funding of the EU agenciesfast growing EU agencies with enlarged competences or an increased workload, enabling them to accomplish their growing tasks of fighting organised crime, terrorism and border management;
Amendment 112 #
2017/2286(BUD)
Motion for a resolution
Subheading 4
Subheading 4
Amendment 118 #
2017/2286(BUD)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Stresses that the Member States’ strong social protection systems have helped them to mitigate the consequences of the crisis; bBelieves that the EU can support the Member States, while fully respecting their competences, by budgeting properly programmes which set out to fight inequalities, alleviate the worst forms of poverty, including child poverty, and overcome the negative effects of digitalisation on working conditions and social protection systemsenable citizens to acquire the necessary skills to adapt to digitalisation;
Amendment 129 #
2017/2286(BUD)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Believes that gender-related discrimination, notably on the labour market, is not only incompatible with the values of the EU, but also constitutes a serious impediment to economic growth; expects the 2019 budget to support investment in helping to secure better access to the labour market for women, for instance through infrastructure which supports the reconciliation of private and professional lives; calls to support women’s entrepreneurship and to ensure and encourage access for women to EU funding such as COSME and Horizon2020;
Amendment 135 #
2017/2286(BUD)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Welcomes the proposal to extend the scope and reinforce the Union's Civil Protection Mechanism; is of the opinion that strengthening the Union Civil Protection Mechanism is of utmost importance in order to provide a more rapid and coherent response in the field of civil protection at a Union level, in the areas of prevention, preparedness and response to natural and man-made disasters within and outside the Union;
Amendment 142 #
2017/2286(BUD)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Believes that both the EU and the Member States should demonstrate solidarity towards migrants arriving in Europe in facing up to this challengein accordance with the Geneva conventions towards refugees and legally entering migrants arriving in Europe in facing up to this challenge; underlines, however, that return is a necessary instrument in cases of economic migrants having irregularly entered the EU; believes that EU agencies and policies involved in or relating to the management of migration flows should be adequately financed to meet this challenge and. Underlines that the EU, in order to mitigate the cost in the long term and by acting in a manner befitting its values, should also demonstrate solidarity in creating conditions for peace and prosperity in the countries of origin by placing greater emphasis on development policies; recalls that the redepits external solidarity by providing further assistance and support, increasing investments and tackling humanitarian challenges in the countries of origin; emphasizes that new political priorities and upcoming challenges for the EU, such as security and defence, should be financed by fresh appropriations and not by cutting existing successful and important policies and programmes such as develoypment of funding from development to security and defence objectives must be avoidedand humanitarian aid or neighbourhood policy; furthermore, strengthens that security and development policy are mutually influencing each other and that security is an important condition to build up a functioning State;
Amendment 146 #
2017/2286(BUD)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Underlines that one of the conditions for preserving stability and prosperity in the EU is a stable EU Neighbourhood; calls on the Commission therefore to ensure that priority is given to investments in the EU Neighbourhood in order to support efforts to tackle the main issues that this area is facing: the migration and refugee challenges in the Southern Neighbourhood and Russian aggression and subsequent instability in the Eastern Neighbourhood; reiterates that supporting countries which are implementing association agreements with the EU is key to facilitating political and economic reforms;
Amendment 148 #
2017/2286(BUD)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Stresses that the Instrument for Pre Accession Assistance (IPA) should primarily alleviate political and economic reforms in enlargement countries. In this context invites the Commission to further evaluate IPA funds in its proposal for 2019 budget, taking into account deteriorating political situation in Turkey as well as urgent need to tackle growing radicalisation in the Balkan states.
Amendment 49 #
2017/2281(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Reiterates its position that any decision on future MFA disbursement should only take place after the planned parliamentary elections and on condition that they are conducted in line with internationally recognised standards and assessed by specialised international bodies, and that the payment of all budget support programmes should remain on hold until meaningful progress in democratic standards takes place, as well as in identifying and punishing the responsible persons for the bank fraud; calls, in the meantime, on the Commission and the European External Action Service (EEAS) to continue reallocating funds to support civil society in Moldova, in particular to the free and independent media, as well as the private sector and local authorities, preferably coordinated with assistance from other EU countries, and to coordinate efforts with other organisations, such as the International Monetary Fund (IMF), to ensure greater coherence in terms of financial assistance conditionality;
Amendment 71 #
2017/2281(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Urges the Moldovan authorities to swiftly adopt and fully implement thea new audiovisual code in line with European standards of media freedom and pluralism as recommended by the European Commission and the Venice Commission; emphasises the importance of genuine consultations with civil society and the independent media before the final adoption of the new audiovisual code, and the need to discard all aspects that may undermine media pluralism; notes with concern that currently, the media is highly monopolised and subordinate to the country's political and business groups, as according to an Amnesty International report, ownership remains concentrated in the hands of a few individuals;
Amendment 90 #
2017/2281(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Commends the Moldovan authorities for the incremental improvement of relations with Tiraspol notably with the opening of the Gura Bîcului-Bîcioc bridge and the signature of an additional six protocols, thus improving the lives of citizens on both sides of the Nistru river; encourages the authorities to further build on this level of engagementcooperate in particular with SMEs from Transnistria, to further build on this level of engagement and to make additional efforts in ensuring that human rights, including the right to use the mother tongue, are respected on both sides of the Nistru river; urges the authorities in Chisinau to abide by all ECHR decisions; calls on the Moldovan authorities to undertake additional efforts to ensure a swift and final adoption of the Law of the Special Legal Status of Gagauzia;
Amendment 104 #
2017/2281(INI)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Is deeply concerned with the selective justice practices of the Moldovan judiciary, which remains highly corrupt, demonstrating a servile attitude towards the ruling political and business groups, and being often used as an instrument against political and business opponents; regrets that the Constitutional Court remains highly politicised; urges the Moldovan Government to amend the Constitution, as to guarantee the independence of all judges; reiterates that ensuring the independence of the judiciary is essential to fully implementing the provisions of the AA;
Amendment 115 #
2017/2281(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Reiterates its calls, based on the findings and recommendations of the first and second Kroll reports, for a swift prosecution of all those responsible for the USD 1 billion bank fraud unveiled in 2014, as well as the recovery of stolen assets; notes with concern that the investigation into this case has been conducted rather ineffectively and that the Moldovan authorities have only managed to recover a relatively small part of the funds caught in the fraud; deplores the numerous delays in the trial, which for over one year, have less to a person convicted by the first instance court to over 7 years in prison, to avoid serving the sentence in prison, in the absence of a final conviction, as the appeal is being postponed; urges the Moldovan authorities to publish the Kroll report on the bank fraud, so that taxpayers can get information on how their money disappeared;
Amendment 123 #
2017/2281(INI)
Motion for a resolution
Paragraph 11 f (new)
Paragraph 11 f (new)
11f. Acknowledges with deep regret that the recent fiscal reforms have been adopted hastily and without any public consultation or a debate in parliament; is concerned that some provisions may seriously undermine the country's efforts to effectively fight corruption, money laundering or fraud; warns that these provisions may lead to a breach of the commitments made within the framework of the AA;
Amendment 139 #
2017/2281(INI)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Calls for the efficient implementation of the European Parliament Resolution of 5 July 2018 on the political crisis in Moldova following the invalidation of the mayoral elections in Chisinau (2018/2783(RSP)) where it was demanded to the European Commission to suspend budgetary support for Moldova and provided a list of conditions that have to be implemented by the Moldovan authorities;
Amendment 140 #
2017/2281(INI)
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13b. Considers that the EU financial support to Moldova should give priority to new partnership projects, based on the experiences of past such projects, where local authorities are involved in order to receive direct financial assistance; encourages the Moldovan authorities to fully take into account the good practices already developed by some EU Member States in this respect; calls on the Committee of Regions to support this initiative;
Amendment 153 #
2017/2281(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. CReminds that hate speech, harassment and discrimination against LGBTQI people, persons with disabilities and minorities such as the Roma population remain of great concern; calls on the authorities to significantly step up efforts to uphold human rights and fundamental freedoms, notably for vulnerable groups, by fighting hate speech and discrimination against LGBTQI people, persons with disabilities and minorities such as the Roma populationeffectively fighting these practices;
Amendment 41 #
2017/2226(INI)
Motion for a resolution
Recital D
Recital D
D. whereas employment is expected to continue to expand, while some labour market indicators and the relatively high level of ‘involuntary’ part-time work, suggest persistent labour market difficulties aggravating inequalities;
Amendment 77 #
2017/2226(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the publication of the 2018 Annual Growth Survey (AGS) package and the proposed policy mix of investment, structural reform and fiscal consolidationresponsible public finances, presented as a way to further promote higher growth levels and to strengthen European recovery and upward convergence;
Amendment 87 #
2017/2226(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Highlights, however, the persistent structural problem of insufficient growth of potential output and productivity, flanked byas a result of too low a levels of investments, and wages, leading to persistentemphasizes the need for wage increases in line with productivity growth to be able to tackle social inequalities;
Amendment 117 #
2017/2226(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses the importance of a wage increase at European level in order to boost private consumption as the main support for growth; emphasizes, however, that growth should not only rely on private consumption, which is effective in the short-term, but be based on productivity growth for a more sustainable growth in the long-term; points out the need to focus on the interaction between monetary, fiscal and incomes (including wage and profit development) policies rather than only fiscal issues;
Amendment 131 #
2017/2226(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Welcomes the improvements in public finances, in particular the gradually declining debt/GDP ratios for the EU and euro area and falling headline budget deficits; recalls that, while many Member States have limited fiscal leeway for given the improved economic situation across the EU and GDP growth in almost all Member States, the implementingation of sustainable, growth- friendly structural reforms, some Member States still have large surpluses which should be used to sustain investments and growth across the EU at national level should no longer be postponed;
Amendment 141 #
2017/2226(INI)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Notes that sustainable public growth cannot be built on monetary policy and recalls the importance of growth- enhancing structural reforms in line with Country-Specific-Recommendations;
Amendment 235 #
2017/2226(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Regrets thatWelcomes the overall neutral fiscal stance proposed in the recommendations for the euro area, even though the fiscal stance is expected to be slightly expansionary in a number of Member St; urges Member States to implement the structural reforms proposed in the Country-Specific- Recommendations and foster public and privates in 2018, does not appearvestments to fully support the strengthening of economic growth and job creation;
Amendment 280 #
2017/2226(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Considers that the tools available are not yet equalstructural reforms are the necessary tools available to the task of fully addressing the EU’s cyclical and structural problems, in particular the need to strengthen inclusive growth and productivity, to boost job creation, promote convergence, support sustainable investments and enhance resilience to shocks;
Amendment 293 #
2017/2226(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Underlines that a fiscal capacity – on top of existing capacities, and not through redeployments that would undermine the vital role currently played by structural funds and cohesion policy – represents a necessarypotential tool for increasing incentives for convergence and to counter asymmetric or symmetric economic shocksto implement structural reforms and thereby foster convergence; underlines that access to funds of a fiscal capacity should be conditional on compliance with the Stability and Growth Pact and should be open to all Member States that request to join;
Amendment 334 #
2017/2226(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Calls for the completion of the Banking Union, including a credible European deposit-insurance scheme and a common fiscal backstop; emphasizes that risk sharing and risk reduction need to go hand-in-hand;
Amendment 344 #
2017/2226(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Highlights the importance of an improved European Semester process, including the formalisation of the euro area aggregate fiscal stance as a key tool for policy formulation and implementation across the EMU; calls for a broader reform of the Stability and Growth Pact (SGP) in order to improve its flexibility, to incorporate the differentiated treatment of investments and to introduce the concept of aggreg; calls for a stricter application of the Stability and Growth Pact (SGP) in order to pursue sound public finances and coordinate Member States’ fiscal stancepolicies;
Amendment 2 #
2017/2124(INI)
Motion for a resolution
Citation 5
Citation 5
Amendment 21 #
2017/2124(INI)
Motion for a resolution
Recital B
Recital B
B. whereas at its meeting of 7 and 8 December 2016, the ECB Governing Council decided to extend the horizon of the APP at a lowered monthly pace of now EUR 60 billion from April 2017 to December 2017, or beyond if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its medium-term objectiveinflation aim; whereas this constitutes a reduction in size from previously EUR 80 billion of monthly purchases to now EUR 60 billion;
Amendment 30 #
2017/2124(INI)
Motion for a resolution
Recital D
Recital D
D. whereas the ECB has missed its 2 % inflation target in each of the four years since 2013 and forecasts that it will not reach this target before 2020primary objective of the ESCB is to maintain price stability. This it defines as an annual HICP inflation rate of below, but close to, 2% over the medium term; whereas the inflation rate in the euro area has been significantly below, but converging slowly towards the inflation rate of below, but close to, 2% since 2015;
Amendment 34 #
2017/2124(INI)
Motion for a resolution
Recital D a (new)
Recital D a (new)
D a. whereas the members of the Executive Board of the ECB have continuously stressed the urgency to step up the implementation of structural reforms in the euro area;
Amendment 40 #
2017/2124(INI)
Motion for a resolution
Recital E
Recital E
E. whereas in 2016, the ECB’s net profit stood at EUR 1.19 mbillion compared with EUR 1.08 mbillion in 2015, mainly owing to higher net interest income earned on the APP portfolio and the US dollar portfolio;
Amendment 48 #
2017/2124(INI)
Motion for a resolution
Recital F
Recital F
F. whereas interest income under the APPon securities held for monetary policy purposes is the main contributor to this net profit;
Amendment 66 #
2017/2124(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Underlines the federal nature of the ECBindependence of the ECB, laid down in the Treaty, which rules out national vetoes, enabling it to act decisively, for instance in addressing the crisis;
Amendment 69 #
2017/2124(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Underlines the federal naturindependence of the ECB, which in its ruoles out national vetoes, enabling it to act decisively in addressing the crisis as the euro area´s monetary authority;
Amendment 71 #
2017/2124(INI)
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Emphasizes that the primary objective of the ECB’s monetary policy is to maintain price stability, defined as an annual HICP inflation rate of below, but close to, 2% over the medium term;
Amendment 84 #
2017/2124(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Gives a positive assessmentWelcomes the contribution of the monetary policy pursued by the ECB in the period 2012-2016 in terms of its contribution toto the economic recovery by preventing deflation, preserving favourable financing conditions and maintaining financial stability and the proper functioning of the payment systems;
Amendment 112 #
2017/2124(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
Amendment 123 #
2017/2124(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. AcknowledgesTakes note of the ECB’s own assessment that without ithe ECB’s policy package, inflation would be almost 0.5 % lower on average than the rate currently projected for the years 2016- 2019;
Amendment 131 #
2017/2124(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Agrees with the ECB that in order to reach, without prejudice to the primary objective of price stability, the sinflation target, supportivgle monetary policy alone cannot stimulate the euro area economy unless complemented by responsible fiscal policies and socially balanced productivity- enhancing reforms are requiredt Member State level;
Amendment 147 #
2017/2124(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
Amendment 167 #
2017/2124(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 183 #
2017/2124(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Recalls that, without prejudice to the primary objective of price stability, in accordance with Article 32 of its Statute, the ECB mustshall support ‘the general economic policies of thein the Union with a view to contributing to the achievement of the objectives of the Union as laid down in Article 3 of the Treaty on European Union’, including, as stated in Article 3 of the TEU, ‘the sustainable development of Europe based on balanced economic growth and price stability’;
Amendment 190 #
2017/2124(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Notes that GDP growth in the Eurozone has been stable but modest, standing at 2 % in 2015 and 1.8 % in 2016, and that the Commission’s Spring 2017 Economic Forecast predicts that GDP growth will remain below 2 % until at leastexpects euro area GDP growth of 1.7% in 2017 and 1.8% in 20198;
Amendment 210 #
2017/2124(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. UnderlinRecognizes the positive effect of the ECB monetary’s low interest rate policy on growth, employment and the financing costs of Member States, non-financial companies and households; notes, however, the negative effect on savings and pension funds;
Amendment 220 #
2017/2124(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Notes that according to the ECB, economic recovery in the Eurozone has relied on the fall in oil prices and the ECB’s monetary policyits monetary policy has been key to the economic recovery in the Eurozone, which has mainly been and continues to be driven by domestic demand, supported by favourable financing conditions and improving labour markets, while also benefitting from the fall in oil prices, which will add a cumulative 1.7 % to growth in the period 2016-2019, with no sizable positive contribution from fiscal policy so far;
Amendment 233 #
2017/2124(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Considers that monetary policy alone is not sufficient to achieve a sustainable and more even and inclusive economic recovery, and that public and private investments should therefore be encouraged in the context of a moderately positive fiscal stance in;notes that ECB’s President Mario Draghi has continued to stress that single monetary policy alone cannot stimulate the Eeurozone as proposed by the Commission area economy unless it is complemented by sound fiscal policies and productivity-enhancing reforms at Member State level;
Amendment 247 #
2017/2124(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Recognises that the implementation of structural reforms must be stepped up substantially to increase the resilience of the Member States' economy, reduce structural unemployment and boost euro area growth potential and productivity;
Amendment 251 #
2017/2124(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Points out that while unemployment has decreased, aggregate demand in the euro area remains subdued, largely as a result of the rise in poor quality, temporary, low-paid jobs; calls on the ECB to evaluate how this phenomenon is slowin the euro area has decreased from 10.5% in December 2015 to 9.6% in December 2016 and continues to decrease; emphasises that sound fiscal policies and structural reforms oriented towards increasing productivity are the only way of bringing about sustainable economic improvements ing the recovery and explore ways to stimulate demand in spite of wage stagnationMember States, necessary to directly facilitate investment, create high quality jobs and reduce unemployment;
Amendment 275 #
2017/2124(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 293 #
2017/2124(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
Amendment 331 #
2017/2124(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. AcknowledgesIs concerned that the current policy ofly low interest rates has a positive effect on theonly momentarily disguise the risks related to high levels of nonperforming loans (NPLs); calls for a European strategy involving a secondary market for NPLswelcomes the approved action plan of the ECOFIN Council of 11 July 2017, which plans to address the problem of NPLs in the banking sector in order to alleviate the burden of NPLs in some Member States;
Amendment 377 #
2017/2124(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Calls on the ECB to go one step further by ensuringensure full transparency on volumes and eligibility criteria in respect of the potential participation of SMEeligibility of corporate bonds of SMEs for purchase under the CSPP; underlines that the eligibility of bonds is subject to risk management criteria and not the size of the issuing companies;
Amendment 393 #
2017/2124(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
26. Encourages the ECB to take steps to align its CSPP purchases with the EU’s commitment to tackling climate change, while ensuring the monetary policy effectiveness of the CSPP and while avoiding undue distortions or level- playing field concerns, as defined in the eligibility criteria of the CSPP;
Amendment 404 #
2017/2124(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
27. Agrees that a well-functioning, diversified and integrated capital market would support the transmission of the single monetary policy; calls for the fullstep- by-step completion and implementation of the capital markets union and the banking union;
Amendment 427 #
2017/2124(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
Amendment 438 #
2017/2124(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
30. Welcomes theTakes note of the decision of 23 June 2017 of the Governing Council of the ECB to recommend amendment tof Article 22 of the ECB Statute to provide a legal basis for the Eurosystem to carry out its role as central bank of issue in the proposed reform of the supervisory architecture for central counterparties (CCPs) and is currently assessing the recommendation;
Amendment 446 #
2017/2124(INI)
Motion for a resolution
Paragraph 31
Paragraph 31
31. Agrees with the ECB on the importance of physical money athat the euro is the onlysole legal tender throughout the euro area, and reminds all Eurozone countries that euro coins and banknotes must not be rejected in transactions;
Amendment 465 #
2017/2124(INI)
Motion for a resolution
Paragraph 33
Paragraph 33
33. Urges the ECB to support Greece, for example through ensuring the eligibilityTakes note of the fact that bonds of Greek companies are eligible for the CSPP and highlights that the decision on the inclusion of Greek sovereign bonds in the APPPSPP must follow the same objective eligibility criteria on risk management that are applied equally to bonds of other Member States and issuers; emphasises that this is not subject to political considerations;
Amendment 480 #
2017/2124(INI)
Motion for a resolution
Paragraph 34
Paragraph 34
34. Calls on the ECB, in cooperation with the ESAs, to assess all the consequences of the UK’s withdrawal from the EU and to stand ready to support banks in relocatingprepare for the relocation of banks and their activities into the euro area; considers a comprehensive assessment on the strengthening of oversight for euro- clearing outside the euro area to be of the utmost importance;
Amendment 489 #
2017/2124(INI)
Motion for a resolution
Paragraph 35
Paragraph 35
Amendment 511 #
2017/2124(INI)
Motion for a resolution
Paragraph 36
Paragraph 36
36. Considers that the ECB’s growing number of responsibilities and tasks necessitate greater ECB transparency and accountability towards Parliamentrequires ECB transparency towards the public and accountability towards Parliament; welcomes the regular presence and dialogue with the President of the ECB and other Members of the Executive Board in the framework of the Monetary Dialogue and other formats;
Amendment 542 #
2017/2124(INI)
Motion for a resolution
Paragraph 38
Paragraph 38
38. AskWelcomes the ECB to make it a rul’s practice to publish its decisions of general application, regulations, recommendations and opinions, thereby drastically reducing the number of exemptions from disclosure; asks the ECB to increase transparency towards the public where the publication does not significantly disturb the functioning of the markets;
Amendment 26 #
2017/2114(INI)
Motion for a resolution
Recital B
Recital B
B. whereas the euro area and EU28 unemployment rates were 9.3 % and 7.8 % respectively in April 2017, their lowest rates since March 2009 and December 2008; whereas significant differences in unemployment rates remain across the EU ranging between 3.2 % and 23.2 %; whereas the euro area and EU28 youth unemployment rates were still at high levels in April 2017, specifically 18,7% and 16,7%;
Amendment 171 #
2017/2114(INI)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Emphasises that digital structural reforms are essential for fostering the EU's competitiveness, creating high- quality jobs and highly skilled jobs;highlights the significant growth potential of both already observed efforts and of further ambition in terms of digital structural reforms;urges in this context that they should be prioritized;
Amendment 233 #
2017/2114(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Agrees that the economic upswing needs to be supported by investment, particularly in innovation, and notes that there is still an investment gap in the euro area; recognises, however, that in some Member States investments already exceed the pre-crisis level;
Amendment 237 #
2017/2114(INI)
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Stresses that SMEs play a fundamental role in investment and innovation in Europe;underlines the differences in financing conditions for SMEs between Member States, which are influenced by country-specific factors;
Amendment 323 #
2017/2114(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Underlines that the fiscal stances at national and euro-area level must balance the long-term sustainability of public finances in full compliance with the Stability and Growth Pact with short-term macroeconomic stabilisation; stresses that Member States which did not comply with the fiscal rules of the SGP were more vulnerable and could not effectively handle economic shocks during the financial crisis;
Amendment 1 #
2017/2071(INI)
Motion for a resolution
Citation 1 a (new)
Citation 1 a (new)
– having regard to the 2016 Activity Report of the European Investment Bank,
Amendment 2 #
2017/2071(INI)
Motion for a resolution
Citation 1 b (new)
Citation 1 b (new)
– having regard to the 2016 Financial Report and the 2016 Statistical Report of the European Investment Bank,
Amendment 3 #
2017/2071(INI)
Motion for a resolution
Citation 1 c (new)
Citation 1 c (new)
– having regard to the September 2016 Evaluation of the Functioning of the European Fund for Strategic Investments (EFSI) of the European Investment Bank,
Amendment 8 #
2017/2071(INI)
Motion for a resolution
Recital B
Recital B
B. whereas the EIB Group financial activities include both lending own resources and fulfilling the various mandates granted to it with the support of the EU budget and third parties such as EU Member States;
Amendment 12 #
2017/2071(INI)
Motion for a resolution
Recital D
Recital D
D. whereas the EIB maintained a solid profitabilityfinancial standing in 2016 in accordance with the forecast for that year, with a net annual surplus of EUR 2.8 billion;
Amendment 14 #
2017/2071(INI)
Motion for a resolution
Recital E
Recital E
E. whereas the EIB should continue to strengthen its efforts to expand its loan activities effectively by providing technical assistance and advisory support, especially in regions with low investment capacity, in order to address regional discrepancies, while reducing administrative burdens for applicants;
Amendment 19 #
2017/2071(INI)
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas the European Investment Fund (EIF) should play a key role in complementing the EIB’s interventions as the EU’s specialist vehicle for venture capital and guarantees aimed primarily at supporting SMEs and thus leading to further European integration and economic, social and territorial cohesion;
Amendment 27 #
2017/2071(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the EIB Group’s willingness to enhance EU competitiveness, provide real support for growth and job creation, and contribute to solving current political challenges within and outside the EU, by pursuing its overarching public policy goals relating to innovation, SMEs and midcap finance, infrastructure, the environment, economic and social cohesion, and the climate; recalls that these objectives also necessitate the provision of public goods; insists that, in order to achieve the Europe 2020 strategy objectives successfully, all EIB Group activities should not only be economically sustainable, but also contribute to a smarter, greener and more inclusive EU; emphasises the need for coherence between the instruments necessary to reach these objectives;
Amendment 32 #
2017/2071(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Welcomes the fact that the EIB has affirmed its commitment to supporting the fulfilment of the Paris Agreement; believes that the review of the EIB’s energy policy foreseen for 2018 will be an opportunity for the bank to reconsider the support it gives to the fossil fuels sector; urges the bank, in this context, to publish the concrete action plans deriving from its 2015 Climate Strategy and to align its portfolio with the global average temperature increase target of less than 2°C, through the phasing-out of fossil fuel projects and the prioritisation of energy efficiency projects;
Amendment 37 #
2017/2071(INI)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls in this respect to enhance the EIB’s external mandate in order to respond to the current challenges, which the EU is facing; is particularly concerned by the lack of progress in the legislative procedure aiming at revising the external lending mandate due to Council’s rigidity; is convinced that the revised level proposed by the Commission will not allow to maintain the current level of financing, thus endangering the activities of the EIB in various areas, especially in the Eastern Neighbourhood; urges therefore the Council to accept the Parliament’s proposal, increasing the ceilings of the ELM to the optimal level which would allow the EIB to continue lending at the current level;
Amendment 39 #
2017/2071(INI)
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Stresses the importance of the EIB’s financing activities in the Eastern and Southern Neighbourhood; asks the EIB to increase its lending mandate towards the Eastern Neighbourhood in order to support those countries that are implementing difficult economic and democratic reforms on their path towards the EU; recalls that the main financing activities should also aim at addressing both urgent needs and longer term challenges such as rebuilding infrastructure, ensuring adequate housing and emergency response infrastructure as well as combating youth unemployment;
Amendment 44 #
2017/2071(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that the value of the EIB loans signed is forecast to rise once again in 2019 (to EUR 76 billion, following a fall from EUR 77 billion in 2014 to EUR 73 billion in 2016); points out that the current context should encourage the bank to adopt more ambitious objectives and to increase the loans signed by the EIB; recalls that the EIB should play a fundamental role in the implementation of the Europe 2020 strategy through the Horizon 2020 instrumentinstruments such as Horizon 2020 and Connecting Europe Facility;
Amendment 45 #
2017/2071(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes the EIB’s commitment to tackling the phenomenon of forced displacement androot causes of migration and taking action in countries particularly affected by the refugee and migration crisis, including by strengthening humanitarian action and providing support for economic growth, the construction of infrastructure and job creationand investment needs in urban, health, educational and social infrastructure, stimulating economic activities for job creation and promoting cross-border cooperation between Member States and third countries; expects the EIB Group, to this end, to step up its efforts in coordinating its Economic Resilience Initiative and the External Lending Mandate currently under revision with the establishment of the EFSD mid-2017;
Amendment 52 #
2017/2071(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Expects a rapid agreement to be reached on the prolongation of EFSI action, and that the revised fund will enable the problems identified in the previous version, namely in relation to additionality, geographic balance and advisory hub activities, to be overcome; stresses the importance of avoiding geographical imbalances in the EIB’s lending activity so as to ensure a broader geographical and sectorial allocation without compromising the high quality of projects; calls on the EIB to further strengthen their work with national promotional banks to improve outreach, further develop advisory activity and technical assistance to address the issue of geographical balance in the long-term;
Amendment 65 #
2017/2071(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Recalls that the EIB’s NCJ Policy needs to be ambitious; notes that relying on the common EU list of third country jurisdictions that fail to comply with tax good governance standards, which is expected to be endorsed by the Council of the EU by the end of 2017 and which will prevail over other lead organisations’ lists in the case of conflict, is a positive but insufficient step, and calls for country-by- country reporting without exemptions to be made a key part of the EIB’s corporate social responsibility strategy, before the EU adopts its legislation in the field;
Amendment 70 #
2017/2071(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Asks the EIB to take greater account of the tax impact in countries where investment is made and of how this investment contributes to economic development and reducing inequalityjob creation;
Amendment 81 #
2017/2071(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Welcomes the fact that the EIB Group’s transparency policy is based on a presumption of disclosure and that everyone can access EIB Group documents and information; recalls its recommendation for the publication on the EIB Group website of non-confidential documents, such as Corporate Operational Plans for previous years, interinstitutional agreements and memorandums, and urges the EIB Group not to stop there, but to continue raising the bar and constantly looking for ways to improve;
Amendment 90 #
2017/2071(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. UrgNotes the EIB Group to adopt the whistleblowing policy review that has already been announced, which is to update the previous policy dating from 2009ongoing revision of the EIB Group’s whistleblowing policy;
Amendment 95 #
2017/2071(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Calls on the EIB Group to put a continuous emphasis on performance scrutiny via performance assessments and proven impact; encourages it to continue to refine its monitoring indicators, more specifically its indicators of additionality, with a view to assessing impact as early as possible in the project generation phase and providing the Board with sufficient information on the impact envisaged, in particular with regard to the contribution of projects to EU policies, for example their effect on economic indicators, such as growth or employment (during both implementation and operation); points out, furthermore, that the performance of EIB Group financing cannot be assessed on the basis of an appraisal of its financial impact alone, and calls, therefore, for the right balance to be maintained between the operational targets defined in terms of business volume and the non-financial EIB Group staff objectives; urges, for instance, that the performance assessments indicate what specific objectives within the framework of the sustainable development goals (SDGs) are targeted by the project and to what extent it has contributed to fulfilling them;
Amendment 101 #
2017/2071(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Believes that the EIB Group’s financial instruments should serve projects chosen on the basis of their own merits, their potential to generate added value for the EU as a whole, and effective additionality, especially in areas where markets fail to finance and support projects, finding the right balance between a potentially higher risk profile and the fundamental need to maintain its high credit standing;
Amendment 106 #
2017/2071(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
30. Calls on the EIB Group to further develop its risk culture in order to improve its effectiveness and the complementarity and synergies between its interventions and various EU policies, in particular by supporting innovative companies, infrastructure projects and SMEs that are taking risks or evolving in economically disadvantaged regions or regions that lack stability, in line with the recurrent and longstanding objective of easier access to financing for SMEs, but without compromising the principles of sound management or jeopardizing the EIB’s high credit standing;
Amendment 109 #
2017/2071(INI)
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30a. Notes that the support of the EIB group to SMEs and midcaps amounted to record EUR 33.6 billion and supported the creation of 4.4 million jobs in 2016; highlights the importance of continuous EIB Group support towards SMEs and midcaps by enhancing their access to finance; emphasises that SMEs are the backbone of the European economy and should remain the principal target of the EIB Group lending activities by further reinforcing financing instruments for SMEs and midcaps;
Amendment 113 #
2017/2071(INI)
Motion for a resolution
Paragraph 31
Paragraph 31
31. Underlines that the pricing ofdue diligence of investment projects financed by the EIB Group products should be based on both factors related to financial return and factors related not to financial return, but instead to the achievement of other kinds of objectives, such as the contribution of the project to upward economic convergence and cohesion in the EU, or to the achievement of the Europe 2020 targets or the 2030 SDGs; considers that the EIB Group should explain these non-financial criteria to institutional and private investors (for example, pension funds and insurance companies) in an appropriate manner, thus promoting an increased focus on socio- economic and environmental impact across the financial sector;
Amendment 116 #
2017/2071(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
32. Believes that in cases where stressed financial market conditions would prevent the realisation of a viable project or where it is necessary to facilitate the establishment of investment platforms or the funding of projects in sectors or areas experiencing a significant market failure or suboptimal investment situation, the EIB Group should implement and document changes, notably to the remuneration of the EU guarantee to the EIB, in order to contribute to a reduction in the cost of finahrough recourse to Member States or agencinges the operation borne by the beneficiary of EIB Group financing through financial instruments, so as to facilitate project implementationat may grant aid towards the payment of interest; believes that similar efforts should be undertaken where necessary to ensure that financial instruments support small projects, and that where the use of local or regional intermediaries enables a reduction in the cost of financial instrument financing to small projects, this form of deployment should also be considered;
Amendment 121 #
2017/2071(INI)
Motion for a resolution
Paragraph 37
Paragraph 37
37. Expects the EIB Group to continue to work with national promotional banks and institutionsCommission, the EIB Group and national, regional and local authorities to continue to work with national promotional banks and institutions to strengthen their cooperation to create more synergies between the ESI Funds and EIB financing instruments and loans as well as to reduce administrative burden, simplify procedures, increase administrative capacity, boost territorial development and cohesion and improve the understanding of ESI Funds and EIB financing, in the spirit of complementarity, since they have a sound knowledge of their respective territories and the ability to implement tailor-made financial instruments locally;
Amendment 32 #
2017/2053(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Underlines that genuine own resources are needed to move away from the current logic of balancing contributions against benefits from the EU budget; is of the opinion that the EU must depart from the concept of net operating balance as in practice all Member States are beneficiaries of the EU Budget;
Amendment 45 #
2017/2053(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Advocates the establishment of a budgetary capacity for the Eurozone that would perform functions of macroeconomic stabilisation and bring about economic and social convergence; considers, moreover, that this capacity shcould be financed through own resources specific to the euro area, such as a tax on financial transactions, or a bank levy, and a share of the ECB’s profitmongst other considerations;
Amendment 49 #
2017/2053(INI)
Draft opinion
Paragraph 4
Paragraph 4
Amendment 63 #
2017/2053(INI)
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Stresses that EU citizens must not be negatively affected by the introduction of new own resources, neither directly nor indirectly (through transfer of cost from private companies or governments);
Amendment 73 #
2017/2053(INI)
Draft opinion
Paragraph 6
Paragraph 6
6. Supports the creation of a dedicated budget line to support the adoption of the euro by Member States not yet part of the euro area, but calls for it to be made separate from the Eurozone’s budgetary capacity; considers that the budgetary capacity of the Eurozone should be excluded fromintegrated into the EU Budget, but over and above the ceiling calculations for commitments and payments under the multiannual financial framework;
Amendment 83 #
2017/2053(INI)
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25 a. Believes that the new own resources should be easily associated by the citizens with the EU and should strengthen the European dimension and the visibility of the EU as a whole;
Amendment 83 #
2017/2053(INI)
Draft opinion
Paragraph 7
Paragraph 7
7. SupportsTakes note of the proposal to create the post, within the Commissionof the President of the European Commission, Jean-Claude Juncker, of a European Finance Minister, who would be tasked with managing the budgetary capacity andMinister of Economy and Finance, within the Commission, who would be tasked with managing the euro and euro area budgetary instruments and overseeing economic, fiscal and financial rules as well as ensuring full democratic accountability of the EU’s economic governance;
Amendment 98 #
2017/2053(INI)
Motion for a resolution
Paragraph 35 a (new)
Paragraph 35 a (new)
35 a. Considers that the reform of the system of own resources could be achieved through a 2-step approach: first, by reviewing and reforming the current own resources, particularly the VAT based resource and second by the gradual introduction of new own resources;
Amendment 138 #
2017/2053(INI)
Motion for a resolution
Subheading 16
Subheading 16
Amendment 164 #
2017/2053(INI)
Motion for a resolution
Paragraph 54 a (new)
Paragraph 54 a (new)
54 a. Underlines that the introduction of environmental related taxes or levies should not affect Member States' right to determine the conditions for exploiting their energy resources, their choice between different energy sources and the general structure of their energy supply;
Amendment 43 #
2017/2052(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the discussion about the next MFF as an opportunity to prepare the ground for a stronger Europe through one of its most tangible instruments, the Union budget; believes that the next MFF should be embedded in a broader strategy and narrative for the future of Europe; considers that the next MFF must be the translation of EU's political priorities into budgetary means;
Amendment 128 #
2017/2052(INI)
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Considers, therefore, that the next MFF should achieve the proper balance between adequately funding well established priorities and policies and emerging ones; is of the opinion that this cannot be done without an increase compared to the current MFF;
Amendment 264 #
2017/2052(INI)
Motion for a resolution
Paragraph 48
Paragraph 48
48. Underlines that the ‘health check’ of EU spending cannot provide for a reduction in the level of EU ambition or a sectoralisation of EU policies and programmes, nor should it lead to a replacement of grants by financial instruments with a view to generating some savings, as the great majority of actions supported by the EU budget are not suitable to be funded by the latter; is of the opinion that the 'health check' should rather lead to identifying ways in which the implementation of EU spending programmes could be improved;
Amendment 275 #
2017/2052(INI)
Motion for a resolution
Paragraph 50
Paragraph 50
50. Advocates also a real simplification of sectoral implementation rules for beneficiaries and a reduction of administrative burdens through further standardisation and simplification of programming documents at national level;
Amendment 569 #
2017/2052(INI)
Motion for a resolution
Paragraph 85 a (new)
Paragraph 85 a (new)
85a. Calls on the Commission to follow up on the ‘18th Birthday Interrail Pass for Europe’ project and put forward a dedicated programme in the next MFF with sufficient annual appropriations to cover all applications for a free railway pass coming from young Europeans that turn 18 in a specific year; underlines that such a project would become a key component in increasing European consciousness and identity, especially in the face of threats such as populism and the spread of misinformation; reiterates that in order to reach the objective of such a programme a proper legal base proposal is expected from the Commission;
Amendment 616 #
2017/2052(INI)
Motion for a resolution
Paragraph 89
Paragraph 89
89. Emphasises that substantial additional funding is necessary for the Union to play its role in the framework of its global strategy and of its neighbourhood, development and enlargement policies; emphasizes that, while attention should be devoted to all areas of the world, priority should be given to the Union’s immediate neighbours and to measures aimed at tackling the main issues they are facing, such as the migratory and refugee crisis and corresponding humanitarian challenges in the Southern Neighbourhood, and the Russian aggression and subsequent instability in the Eastern Neighbourhood; draws attention to the commitment by the EU and its Member States to increase their official development assistance (ODA) to 0.7 % of GDP by 2030; expects the next MFF to reflect the unprecedented needs of neighbourhood countries struggling with conflicts and the consequences of the challenges presented by migration and refugees, as well as the needs for humanitarian aid as a result of natural and manmade disasters;
Amendment 647 #
2017/2052(INI)
Motion for a resolution
Paragraph 92 a (new)
Paragraph 92 a (new)
92a. Is of the opinion that in order to adequately tackle disinformation campaigns, and to promote an objective image of the Union outside its borders, additional financial means are needed; calls therefore to set up a dedicated instrument to counter disinformation campaigns and cyber attacks in the next MFF;
Amendment 17 #
2017/2043(BUD)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the decision of the Commission to already include in the draft budget the results of the mid-term revision of the Multiannual Financial Framework (MFF) 2014-2020; is convinced that while the formal adoption is still blocked in the Council, the proposal of the Commission, even before its formal approval by the Council, thus sendsing a strong signal about the importance of this MFF revision, and the need for increased flexibility in the EU budget that could enable the Union to effectively respond to new emergencies and finance its political priorities; underlines that the European Parliament acted swiftly to grant its consent to the revised MFF Regulation, and expects that the Council will finalise without any further delay the adoption of the MFF revision, following the UK elections on 8 June 2017;
Amendment 122 #
2017/2043(BUD)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Notes that the draft budget 2018 leaves very limited margins or no margin under the MFF ceilings throughout Headings 1a, 1b, 3, 4 and 5; considers this as a logical consequence of the significant new initiatives taken since 2014 (EFSI, migration-related proposals, and lately defence research and the European Solidarity Corps), which have been squeezed within the MFF ceilings agreed in 2013; recalls that the MFF, in particular, once after its revision is finalised by the Council, provides for flexibility provisions which, albeit limited, should be used to their fullest in order to maintain the level of ambition of successful programmes and tackle the new challenges; expresses Parliament’s intention to further mobilise such flexibility provisions as part of the amending process;
Amendment 35 #
2017/0333R(APP)
Motion for a resolution
Recital B
Recital B
B. whereas the financial and economic crisis has revealed thestructural weaknesses in some of the euro architectureea Member States, highlighting the need for compliance with the Stability and Growth Pact in order to guarantee sound public finances, the implementation of structural reforms and the swift completion of the EMU;
Amendment 62 #
2017/0333R(APP)
Motion for a resolution
Recital D
Recital D
D. whereas the creation of the European Financial Stability Facility (EFSF) and its later transformation into the European Stability Mechanism (ESM) have represented, despite its intergovernmental nature, an important step towards the creation of a European crisis management mechanism, helping to respond to the weaknesses of the EMU and providing financial assistance to several European countries affected by the crisis;
Amendment 68 #
2017/0333R(APP)
Motion for a resolution
Recital E
Recital E
Amendment 88 #
2017/0333R(APP)
Motion for a resolution
Recital H
Recital H
H. whereas in the short term, the ESM reform should contribute in particular to the banking union, providing a proper common financial backstop for the Single Resolution Fund (SRF), without prejudice to the implementation of the package of measures to tackle non-performing loans (NPLs) in Europe or the need to establish a European Deposit Insurance Scheme (EDIS);
Amendment 98 #
2017/0333R(APP)
Motion for a resolution
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Urges the importance of individual Member States' financial stability; stresses that the provision of financial stability in an individual Member State is a concern of the whole EU, and should be supported by the EU, however subject to strict conditionality;
Amendment 112 #
2017/0333R(APP)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Highlights that the proper functioning of an EMU depends on the existence of an institution serving as a ‘lender of last resort’; acknowledges, in this context, the positive contribution of the ESM, despite its intergovernmental nature, towards addressing the weaknesses of the institutional setting of the EMU, namelyAcknowledges, the positive contribution of the ESM, despite its intergovernmental nature, by providing financial assistance to several Member States affected by the financial crisis and the Great Recession;
Amendment 129 #
2017/0333R(APP)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Stresses that the role for national Parliaments remains fully preserved, in view of the large contributions of the Member States to the EMF; urges for a more explicit scrutiny role for national Parliaments in comparison to the current state of play in the ESM Treaty; national Parliaments should have the right to obtain information about the activities of the EMF, and to engage in a dialogue with the EMF;
Amendment 157 #
2017/0333R(APP)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Underlines that the primary mission of the new ESF should continue to be to provide transitional financial assistance to Member States in need, on the basis of the agreed adjustment programmes; stresses that the ESF must have adequate firepower for that purpose; opposes, therefore, any attempt to turn the reformed ESM into an instrument for banks only, or to reduce its financial capacity to support Member States; recalls that financial assistance provided to Member States under the new ESF has to be complemented by other fiscal capacity tools, including precautionary instruments,precautionary instruments, such as structural reforms to promote economic and financial stabilisation, investment and upward socioeconomic convergence in the euro area;
Amendment 159 #
2017/0333R(APP)
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Underlines that the Economic and Monetary Union comprises all Member States of the European Union, all of which, except Denmark and the United Kingdom, are required to adopt the euro and join the euro area, therefore, any EMF should be open for participation to all Member States of the EU;
Amendment 207 #
2017/0333R(APP)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Highlights the importance of a credible EMF provided with adequate firepower linked to strict conditionality, in order to safeguard individual Member States against financial market turbulence; stresses that conditionality consists of both ex-post conditionality, the policies agreed upon for crisis programmes, and ex-ante conditionality, sound economic policies based on European budgetary rules;
Amendment 236 #
2017/0333R(APP)
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Stresses that the Director of the EMF should be elected by the European Parliament, and should report to the European Parliament;
Amendment 2 #
2016/2908(RSP)
Recital C a (new)
Ca. whereas the market share of diesel-powered passenger cars grew in the European Union during the last decades to a level where they represent more than half of new cars sold in almost every Member State; whereas this sustained growth in market share of diesel vehicles also came about as a result of the EU climate policy, as diesel technology has a significant advantage over petrol engines when it comes to CO2 emissions; whereas at the combustion stage, diesel engines produce far more pollutants other than CO2, which are significantly and directly harmful to public health, such as NOx, SOx and particulate matter, than do petrol engines; whereas mitigation technologies for these pollutants exist and are deployed in the market;
Amendment 143 #
2016/2323(BUD)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Strongly supports regional policy as one of the main investment instruments of the EU budget that enables economic, social and territorial cohesion; underlines that this policy generates growth and jobs in all Member States; is concerned, however, about the unacceptable delays in implementation of operational programmes at EU levelunder the current MFF; calls on the Commission andto identify the causes of the delays and on the Member States to cooperate in order to tackle them, in particular to ensure that the designation of managing, auditing and certifying authorities is concluded and implementation accelerates;
Amendment 241 #
2016/2323(BUD)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Underlines that, despite a final agreement on the MFF mid-term revision having not yet been reached, several positive elements of the revision that are currently under negotiation – notably in terms of increased flexibility – might prove to be instrumental in preventing and responding to a future payment crisis; believes that, if the implementation of cohesion policy were to accelerate as anticipated, the increased flexibility might be needed already next year in order to assure an adequate level of payment appropriations in the EU budget in response to that, and to avoid the accumulation of unpaid bills under cohesion policy at the end of the year;
Amendment 244 #
2016/2323(BUD)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Reiterates its longstanding position that the payments of special instruments (the Flexibility Instrument, the EU Solidarity Fund, the European Globalisation Adjustment Fund and the Emergency Aid Reserve) must be counted over and above the MFF payment ceiling, as is the case for commitments; underlines, in the context of the ongoing MFF mid- term revision, the potential progress achieved on the issue of budgeting the payments of the MFF special instruments with the revision of the 2014 Contingency Margin decision, even if this matter was not unequivocally resolved;
Amendment 248 #
2016/2323(BUD)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Underlines that according to the MFF regulation the Commission will put forward by the end of 2017 its proposals for the post-2020 MFF; attaches the utmost importance to the process leading up to the establishment of the new financial framework, and expects this to be commensurate to the challenges the Union is facing; calls for a swift conclusion to the ongoing MFF mid-term revision that should provide the necessary adjustment of the current financial framework and assure some additional flexibility of EU budget that is indispensable for attaining the European Union objectives;
Amendment 111 #
2016/2306(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the Commission’s Annual Growth Survey 2017 reaffirming the strategy of a virtuous triangle of investment, structural reforms and responsible public finances; agrees that faster progress on the adoption of reforms, in line with the country-specific recommendations, is needed to deliver on growth and jobs, and that further delay of necessary reforms by individual Member States will only harm the Union as a whole;
Amendment 233 #
2016/2306(INI)
8a. Recognises the untapped potential for productivity growth and investment that could be reaped if single market rules were fully enforced, and the product and services markets were better integrated; recalls the importance of country-specific recommendations in pointing out key areas for actions in Member States;
Amendment 242 #
2016/2306(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Agrees with the Commission that the benefits of trade are often larger than realised in the public debate, and stresses that international trade is a significant source of jobs for Europeans and a crucial precondition for growth; reiterates that more than 30 million jobs are now supported by exports from the EU and should be communicated to a broader public more clearly;
Amendment 273 #
2016/2306(INI)
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Stresses the need for structural reforms of labour markets in Member States in order to tackle high unemployment rates, to increase their competiveness and achieve upward convergence;
Amendment 320 #
2016/2306(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Welcomes the fact that, on average, youth unemployment is declining; notes, however, that there remain stark differences across the Member States that call for continued reforms to facilitate the entry of young people into the labour market, which should remain a priority among labour market reforms;
Amendment 331 #
2016/2306(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Stresses the importance of wage developments in line with productivity, as unjustified wage increases only lead to an overall loss of competitiveness in the medium-term;
Amendment 427 #
2016/2306(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Takes note of the Commission’s communication on a fiscal stance; questions the usefulness of an aggregate target, given the lack of significant spill- over effects of domestic demand between Member States; recalls that the Member States must comply with the Stability and Growth Pact, regardless of aggregate recommendationstresses that the Commission communication is of a non- binding character and the use of fiscal space up to the Member States themselves; recalls that the Member States must comply with the Stability and Growth Pact, regardless of aggregate recommendations, as fiscal requirements are based on the commonly agreed fiscal rules; urges the European Commission to fulfill its responsibility of upholding the Stability and Growth Pact in its role as guardian of the treaties;
Amendment 102 #
2016/2247(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes the high level of non- performing loans (NPLs) in some jurisdictions; considers that this issue is crucial and has yet to be solved urgently; welcomes the work of the SSM and its draft guidance on this issue as a first step and awaits further efforts in this regard; looks forward to the results of the work on a minimum EU insolvency framework; calls on Member States to improve their insolvency legislation and to stimulate growth in order to tackle NPLs;
Amendment 132 #
2016/2247(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Considers that there are substantial risks associated with sovereign debt; notes, however, that modifying its prudential treatment could have a significant effect on the financial sector, which calls for caution in reform efforts; awaits with interest the results of the international work on this issue; considers that, in the end, a better regulatory framework, be it European or international, will be neededcalls on the Member States and the European Commission to tackle the issue swiftly;
Amendment 179 #
2016/2247(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that national options and discretions arecan hindering the creation of a level playing field between Member States in some cases; welcomes the ECB guidance and regulation harmonising the exercise of some of these within the Banking Union; looks forward to the upcoming amendments to the CRR as a means of closing the most significant ones;
Amendment 285 #
2016/2247(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Recalls the need to adhere to State aid rules in the context of bank resolution; takes the view that enough flexibility is embedded within the current framework to address specific situations and might be better exploited, in particular in the case of preventive measures involving the use of DGS funds; calls on the European Commission to ensure the feasibility of the application of the preventive measures provided for in the DGSD;
Amendment 344 #
2016/2247(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Regrets that the Commission did not allow for more time to assess the implementation of the DGSD before proposing the EDIS and did not conduct a proper impact assessment of the proposal; stands ready, however, to seize the opportunity generated by the proposal to discuss the DGSD and address some of the options and discretions it includes;
Amendment 377 #
2016/2247(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Is aware of the potential risks and benefits of an EDIS; is nevertheless of the opinion that risk reduction measures are an indispensable counterparty to its establishment in order to prevent moral hazard, and that such measures should preferably precede risk sharing;
Amendment 28 #
2016/2243(INI)
Motion for a resolution
Recital D
Recital D
D. whereas FinTech developments should contribute to the competitiveness of the European financial system and economy by being a facilitator for cross- border financial flows and thus encouraging cross-border business, without hampering financial stability and while maintaining the highest possible level of consumer protection, and thereby enabling the Capital Markets Union to be achieved;
Amendment 117 #
2016/2243(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that legislation in the financial domain should be proportionate, frequently revised and in accordance with the ‘Innovation Principle’, so that potential effects on innovation will be part of the impact assessment; in addition, legislation should not hamper or burden the development of FinTech by over- regulating the sector;
Amendment 152 #
2016/2243(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Highlights that some central banks are already experimenting with virtual currencies as well as other new technologies; encourages the relevant authorities in Europe to experimentlore the possibilities of virtual currencies as well, in order to keep up with market developments; recommends that the European Central Bank conduct experiments withexplores the possibilities of a ‘virtual euro’;
Amendment 38 #
2016/2224(INI)
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Urges the European Court of Auditors and the European Ombudsman to publish, each, by the end of 2017: 1) special reports containing statistics and a clear track record of whistle-blowing cases identified in the European institutions, businesses, associations, organisations and other bodies registered in the Union; 2) the follow-up of the institutions concerned in relation to the cases revealed, based on the current Commission guidelines and rules; 3) the outcome of each investigation open as a result of the information received from whistle-blowers; 4) the measures foreseen in every case for the whistle-blowers´ protection;
Amendment 55 #
2016/2224(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Calls for the creation of legal and secure disclosure channels at national and European level to facilitate reporting to the competent authorities of information on threats to the public interest; underlines the importance of confidentiality in all whistle-blowing related files and recalls that basic rules for the protection of anonymous whistle-blowers should be put in place, in cases where such protection is required;
Amendment 58 #
2016/2224(INI)
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Reminds the crucial role played by investigative journalists in revealing wrongdoing and stresses that they are an exposed group of professionals, often paying with their jobs, freedom and even their lives disclosures of massive irregularities and corruption schemes; calls for the inclusion of special measures to protect investigative journalists in a horizontal Proposal for the protection of whistle-blowers;
Amendment 66 #
2016/2224(INI)
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Calls for the establishment of an independent advisory and referral Unit within the European Ombudsman in a position to receive reports, complaints, gather information and adequately advise on the protection of whistle-blowers;
Amendment 3 #
2016/2215(INI)
Motion for a resolution
Recital C a (new)
Recital C a (new)
C a. whereas the market share of diesel-powered passenger cars grew in the European Union during the last decades to a level where they represent more than half of new cars sold in almost every Member State; whereas this sustained growth in market share of diesel vehicles also came about as a result of EU climate policy, as diesel technology has a significant advantage over petrol engines when it comes to CO2 emissions; whereas at the combustion stage, diesel engines produce far more pollutants other than CO2, which are significantly and directly harmful to public health, such as NOx, SOx and particulate matter, than do petrol engines; whereas mitigation technologies for these pollutants exist and are deployed in the market;
Amendment 95 #
2016/2215(INI)
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18 a. Experts have noted the consensus view that the pre-emptive checking and possible detection of a fraudulent emissions system defeat device through unrestricted access to the vehicle's proprietary software is not a viable method, due to the extreme complexity of such software. Unrestricted access to such software would also present significant risk of disclosure of intellectual property rights' protected technology, which in turn could have a negative effect on innovation in the automotive sector.
Amendment 3 #
2016/2099(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Considers that the EIB, which markets itself as ‘the EU bank’ and is, being incorporated and governed by the Treaties and relevant annexed Protocol, must live up to this particular status, which entails particular rights and responsibilities; observes that the bank is playing a key role in implementing an ever greater number of financial instruments leveraging on EU budgetary funds;
Amendment 9 #
2016/2099(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Considers that the information currently made available to citizens and to the budgetary authority on financial instruments lackscould be improved in terms of completeness, timeliness and exploitability for making informed decisions on budgetary allocations, future EU financial rules and the future EU financial framework; expects the EIB to contribute actively to the EU budget’s legibility, given its unique expertise and position;
Amendment 11 #
2016/2099(INI)
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Considers that the role of the EIB after the entry into force of the European Fund for Strategic Investments has been greatly enhanced and welcomes in this respect the proposal to extend EFSI beyond the initial foreseen period;
Amendment 12 #
2016/2099(INI)
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Expects the EIB to continue to work with the European Commission and Member States in order to address systemic shortcomings that prevent certain regions or countries of taking full advantage of EIB's financial activities;
Amendment 16 #
2016/2099(INI)
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Expects that in the context of the revision of its external mandate, both arms of the budgetary authority will agree on an ambitious level of the allocation for the Eastern Neighbourhood region taking into account that the ceiling in the Eastern Neighbourhood will be reached as of mid-2017 and the EIB may not be able to continue lending in the region for the entire period of the ELM;
Amendment 32 #
2016/2064(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Emphasises that EFSI was launched to helpWelcomes the role played by EFSI in helping to resolve difficulties and remove obstacles to financing as well as to implement strategic, transformative and productive investments that provide a high level of added value to the economy, the environment and society;
Amendment 114 #
2016/2064(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that, as provided for in the regulation, prior to a project being selected for EFSI support, it has to undergo due- diligence and decision-making processes both in the EIB and the EFSI governance structures; observes that project promoters have expressed a wish for swift feedback and enhanced transparency in relation to both the selection criteria and the amount and type/tranche of possible EFSI support; criticises the current lack of clarity, which detersalls for an enhanced clarity in order to further encourage project promoters fromto applying for EFSI support; calls for the decision-making process to be made more transparent in respect of the selection criteria and financial support and to be speeded up;
Amendment 132 #
2016/2064(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Considers that the criteria according to which projects are assessed are unclear and lack transparencyshould be further clarified; requests further information from the EFSI governing bodies on the evaluations carried out on all projects approved under EFSI accordingly, in particular as regards their additionality and contribution to growth and job creation as defined in the Regulation;
Amendment 149 #
2016/2064(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Acknowledges that it may take some years to prepare new innovative projects, that the EIB is under pressure to achieve the EUR 315 billion goal and therefore had no option but to launch EFSI activities immediately, is concerned, however, that the EIB, when implementing EFSI, has thus far drawn on its existing project pipeline with lower risk projects to a large extent, thereby reducing its own conventional financing; fears that EFSI does not provide complementary financing for high-risk innovative projects; underlines that even though a project qualifies as a special activity, this does not necessarily imply that it is risky, however the classification as a special activity might also stem from the fact that its financing has been structured in an artificially risky fashion, implying that very low-risk projects can also easily end up as high-risk projects;
Amendment 232 #
2016/2064(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Recalls that the IC experts are responsible for EFSI project selection, granting the EU guarantee and for approving operations with investment platforms and National Promotional Banks (NPBs) or institutions; recalls further that they are independent; considers that project selection is notshould be as transparent enoughas possible and that decisions have to be accounted for; stresses that the EIB should make improvements to the disclosure of information about the projects it approves under EFSI, with a proper justification of additionality and the scoreboard; is concerned about documented conflicts of interest on the part of IC members;
Amendment 275 #
2016/2064(INI)
28. Welcomes that by the end of 2016, all 28 countries received EFSI funding; underlines, however, that as of 30 June 2016, EU-15 had received 91% whereas EU-13 had only received 9% of EFSI support; regrets that EFSI support has mainly benefitted a limited number of countries and calls on the EIB to provide further technical assistance to those countries which have benefitted less from EFSI;
Amendment 389 #
2016/2064(INI)
Motion for a resolution
Paragraph 49 a (new)
Paragraph 49 a (new)
49a. Strongly supports the extension of EFSI as the fund has proven to be in the first years of its functioning an effective instrument in tackling the investment gap across the EU;
Amendment 22 #
2016/2047(BUD)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls that whilst Parliament has supported the Commission’s actionsimmediately approved the additional financing needed in the tackling of the migration and refugees crisis, it has always insisted that this challenge should not take precedence over other important Union policies, for example in the field of jobs and growth; notes that the Heading 3 ceiling is vastly insufficient to provide for appropriate funding for the internal dimension of the migration and refugee crisis as well as priority programmes, such as culture programmesstresses, in this respect, the need to ensure a balance between long- term priorities and new challenges and underlines the key role that the Union budget must play in achieving the Europe 2020 strategy, which represents its main orientation and overarching priority;
Amendment 26 #
2016/2047(BUD)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Notes that the Heading 3 ceiling (Security and Citizenship) has proven to be insufficient to provide for adequate funding, in order to tackle the migration and refugee crisis; stresses that, in order to ensure the necessary additional funding in this field, an unprecedented resource to the MFF special instruments, including the full use of the Flexibility Instrument, as well as the substantial mobilisation of the "last resort" Contingency Margin, was proposed by the Commission in the Draft Budget 2017, and accepted by the Council;
Amendment 30 #
2016/2047(BUD)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Reiterates its position that requests for additional funding needed for addressing the migration and refugee crisis should not be deployed to the detriment of the Union’s existing external action, including its development policy; repeats that the setting-up of the Facility for Refugees in Turkey (FRT), Trust Funds, and any other ad-hoc instruments cannot be financed by cuts to other existing instruments; notes thatquestions whether the Heading 4 ceiling (Global Europe) is vastly insufficient to provide a sustainable and effective response to the current external challenges, including the migration and refugee crisis;
Amendment 37 #
2016/2047(BUD)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Reiterates its conviction that the Union budget should find ways of financing new initiatives which are not to the detriment of existing Union programmes and policies and is disappointed thatcalls for the identification of sustainable means to finance the Preparatory Action for defence research, which will amount to EUR 80 million in the next three years will be squeezed under the current budget of the MFF; is convinced that with an already underfinanced Union budget, additional efforts for operations, administrative costs, preparatory actions and pilot projects in relation to the common security and defence policy also need additional financial means by the Member States; considers that the current MFF mid-term review/revision should be used by the Member States in that respect;
Amendment 46 #
2016/2047(BUD)
Motion for a resolution
Paragraph 9
Paragraph 9
9. RestoresCompensates in full all cuts related to the European Fund for Strategic Investments (EFSI) in the Connecting Europe Facility (CEF) and Horizon 2020 for a total of EUR 1 240 million in commitments via new appropriations to be obtained through the mid-term revision of the MFF; increasesfor 2017; increases, moreover, the Youth Employment Initiative with additional EUR 1 500 million in commitment appropriations to provide an effective response to youth unemployment, which should also be financed by additional funds provided in; considers that the appropriate additional financing for these important Union programmes should be decided in the framework of the mid-term revision of the MFF;
Amendment 52 #
2016/2047(BUD)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that, again this year, subheading 1a is once again severely affected by the Council's reading with 52 % of the overall Council cuts in commitments falling within this heading; questions therefore how the Council can claim that jobs and growth is one of their two priorities's political priority on jobs and growth is reflected in this reading;
Amendment 58 #
2016/2047(BUD)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Delivering on the commitment taken in June 2015 to minimise to the maximum the budgetary impact of the creation of the EFSI on Horizon 2020 and CEF in the framework of the annual budgetary procedure, decides to fully restore the original pre-EFSI profile of the Horizon 2020 and CEF lines that were cut for the provisioning of the EFSI Guarantee Fund; demands the corresponding additional commitments appropriations of EUR 1,24 billion above DB to be made availableexpects an overall agreement on this pressing matter to be reached in the framework of the MFFMFF mid-term revision;
Amendment 62 #
2016/2047(BUD)
Motion for a resolution
Paragraph 15
Paragraph 15
15. In line with its continued priorities for Jobs and Growth and after careful assessment of their absorption capacity so far, decides to propose some selective increases above the level of the DB for the COSME, Progress, Marie Curie, European Research Council, Eures and Erasmus+ programmes; notes that such increases can be financed within the available margin of this subheading;
Amendment 68 #
2016/2047(BUD)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Disapproves of Council's proposed cuts of EUR 3 million in commitments and, more importantly, EUR 199 million in payments under subheading 1b, including on support lines; calls on the Council to explain how these cuts are compatible with its objective of providing “necessary appropriations enabling the smooth implementation of the new programmes in the fourth year of the multiannual financial framework 2014-2020”; noterecalls that the cuts inlevel of payments go further than the already significant cuts proposed by the Commission, who suggested a decrease by -23,5 % compared to the 2016 EU budgetproposed by the Commission under this heading is already lower by -23,5 % compared to the 2016 EU budget; stresses, in this respect, that any additional cuts in payments cannot be justified or accepted;
Amendment 74 #
2016/2047(BUD)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Is alarmed by the significant delays in the implementation of the European Structural and Investment Fund cycle, which is likely to have a serious detrimental effect on the timely achievement of results on the ground but risks also to lead to the reconstitution of a new backlog of unpaid bills in the second half the current MFF; urges the Member States concerned to promptly designate the remaining managing, paying and certifying authorities and tackle all other causes of delay in the implementation of the programmes; notes the Commission’'s proposals for more simplification for recipients of Union funds but sticks to the position that most remains to be done at thein this field and considers that every effort should urgently be made by Member States’ level to ensure that the programmes reach full swing;
Amendment 82 #
2016/2047(BUD)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Recalls that the Commission has not proposed any commitment appropriations for the Youth Employment Initiative in 2017 as a result of its frontloading in the years 2014-2015; decides, in line with the Regulation on the European Social Fund7 which foresees the possibility of such a continuation, to increase the Youth Employment Initiative with additional EUR 1 500 million in commitment appropriations and EUR 500 million in payment appropriations to provide an effective response to youth unemployment; notes that, in line with Parliament’s requests, these new appropriations should be financed by the use of all financial means available under the current MFF Regulation and through thean overall agreement on the appropriate additional financing of YEI for the remainder of this programming period should be reached in the context of the upcoming MFF mid- term revision; urges the Member States to do their utmost to speed up the implementation of the Initiative on the ground, for the direct benefit of young Europeans; __________________ 7 Regulation (EU) No 1304/2013 of the European Parliament and of the Council of 17 December 2013 on the European Social Fund and repealing Council Regulation (EC) No 1081/2006 (OJ L 347, 20.12.2013, p. 470).
Amendment 83 #
2016/2047(BUD)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Decides to restore the DB in both commitments and payments for the lines cut by the Council; increases commitment appropriations for subheading 1b by EUR 1 500 million and payment appropriations by EUR 500 million above DB for the Youth Employment Initiative, and by EUR 4 million for commitments and 2 EUR million for payments for the Fund for European Aid to the Most Deprived, thus exceeding the current ceiling for commitments by EUR 1 486 798 635;
Amendment 84 #
2016/2047(BUD)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Underlines that subheading 1b bears the biggest part of the current outstanding commitments which is impeding the reimbursement for resources already spent by the beneficiaries of the funds; warns that the high level of RAL under subheading 1b(RAL), which stood at EUR 151 119 million at the beginning of September 2016 risks jeopardizing the implementation of new programmes;
Amendment 89 #
2016/2047(BUD)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Awaits the presentation of theIn the context of the forthcoming Amending Letter for the emergency support package in particular for the dairy sector; cons deciders that this measure will contribute significantly to improving market disposition and will be reflo express its strong support for the agricultural sectedor in improved prices for European dairy producers, in particular after the end of the quota system, and the financial impaUnion, thereby increasing by EUR 600 million above DB appropriations aimed at tackling the effects of the dairy sector crisis and the effects of the Russian banembargo on the milk sector;
Amendment 97 #
2016/2047(BUD)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Underlines that Parliament continues to put the current migration challenge at the top of its agenda; welcomes the Commission’'s proposal for an additional EUR 1,8 billion to tackle the migration crisis in the Union, above what had initially been programmed for 2017; notes that the big deviation of the original programming shows the need of a full revision of the current MFF; is disappointed that the Commission did not use the opportunity to adjust the ceilings accordingly, particularly of Headadvocates in favour of an upwards adjustment of the Heading 3 ceiling 3s; stresses that the Commission proposes to finance this reinforcement largely through the mobilisation of the Flexibility Instrument (for EUR 530 million, thereby fully exhausting the funding available for this year) and the Contingency Margin (for EUR 1 160 million); given the unprecedented level of funding for migration-related expenditure (totalling EUR 5,2 billion in 2017) and the proposals for applying flexibility on the table, does not request further reinforcements for migration-related policies; at the same time, will resist any attempts to reduce funding for Union actions in this field;
Amendment 103 #
2016/2047(BUD)
Motion for a resolution
Paragraph 26
Paragraph 26
26. Reiterates, that budgetary flexibility has its limits and can only be a short-term solution; is strongly convinced that a forward-looking and brave answer in the face of a crisis that involves the entire continent and shows no signs of abating, ispoints to an upwards adjustment of the ceiling of Heading 3; iconsistders that such an adjustment is indispensable and urgent and is disappointed that the Commission forewent the opportunity to propose it at the occasion of the MFF mid-term revisionall recent budgetary decisions to secure fresh appropriations in this field have actually led to a de facto revision of this ceiling;
Amendment 106 #
2016/2047(BUD)
Motion for a resolution
Paragraph 28
Paragraph 28
Amendment 120 #
2016/2047(BUD)
Motion for a resolution
Paragraph 32
Paragraph 32
32. WelcomNotes the creation of a budget line for an EU Search and Rescue Fund, which is to cover search and rescue activities carried out by the Member States and coordinated at the Union level, in particular in the Mediterranean; is of the opinion that creating a dedicated Fund constitutes a more adequate solution than continuously increasing the budgets of Frontex or the newly created European Border and Coast Guard;
Amendment 130 #
2016/2047(BUD)
Motion for a resolution
Paragraph 34
Paragraph 34
34. Notes that, in the light of the ongoing migration and refugee crisis, the Union’s external action is faced with ever growing funding needs which largely exceed the current size of Heading 4; therefore, underlines thatquestions whether the Heading 4 ceilings are vastly insufficient to provide for appropriate funding for the external dimension of the migration and refugee crisis; is disappointed that the Commission did not use the opportunity to adjust the ceilings, particularly of Heading 4 accordingly; deplores, that in order to fund new initiatives such as the FRT, the Commission chose in its DB to cut other programmes such as the Development Cooperation Instrument (DCI) and the Instrument contributing to Stability and Peace (IcSP) which is against the principle that humanitarian distress must go in parallel with the development processes,; stresses that this should not come at the cost of policies in other areas; regrets also that appropriations for humanitarian aid and for the Mediterranean strand of the European Neighbourhood Instrument (ENI) are below those approved in the 2016 budget, despite their obvious relevance in tackling the large number of external challenges; disapproveplores, finally, the irresponsibleunjustified cuts made by the Council, in particular on DCI and support expenditure lines;
Amendment 134 #
2016/2047(BUD)
Motion for a resolution
Paragraph 35
Paragraph 35
35. Decides, therefore, to reverse all Council’s cuts in Heading 4; decides also to reinstate the 2016 levels for the ENI Mediterranean lines and for humanitarian aid; furthermore decides to mitigate the cuts made by the Commission in the DCI and the IcSP; considers it essential to maintain the Union’s pivotal role and the level of financial support in supporting the Middle East Peace Process, the Palestinian Authority and UNRWA as well as ENI Eastern Partnership lines; underlines the importance of the European Instrument for Democracy and Human Rights;
Amendment 135 #
2016/2047(BUD)
Motion for a resolution
Paragraph 35 a (new)
Paragraph 35 a (new)
35 a. Welcomes the proposed increase of macro-financial assistance which has been significantly cut compared to 2016; believes that a higher funding level than proposed will be required to ensure that all future requests for loans can be accommodated;
Amendment 144 #
2016/2047(BUD)
Motion for a resolution
Paragraph 38
Paragraph 38
38. Looks forward toWelcomes the Commission’s budgetary proposals to financeproposals of the new Migration Partnership Framework and the External Investment Plan; expects to have a favourable approach to mobilising further flexibility in order to endow them with fresh appropriations, but warns against undermining Parliament’s amendmentbelieves that additional flexibility should be mobilised in order to provide an ambitious framework to promote investment in Africa and the EU Neighbourhood equipped with adequate, fresh appropriations;
Amendment 159 #
2016/2047(BUD)
Motion for a resolution
Paragraph 46
Paragraph 46
46. Stresses that substantial operational and personnel savings could be achieved if agencies operating from more than one place (ENISA, eu-LISA, ERA) were limited to one seat only; is of the opinion that current operational needs of those agencies make such change feasible; underlines that movingpoints out, however, that in the case of the European Banking Authority (EBA) away from London and merging it with at least one of the two other Supervisory Authorities could lead to considerable savings in the costs of the two agencies; invites the Commission to put forward a proposal in this respect, sufficient resources should be provided for in the 2017 and any future draft budget to prepare for a relocation away from London, such relocation to take place when the United Kingdom and the Union finish negotiations pursuant to Article 50 of the Treaty on the European Union and the UK withdraws from the Union; emphasises that the ESAs must stick strictly to the tasks assigned to them by the Union legislator and must not seek to de facto broaden their mandate beyond those assignments;
Amendment 162 #
2016/2047(BUD)
Motion for a resolution
Paragraph 47
Paragraph 47
47. Having carried out a careful analysis of the pilot projects and preparatory actions submitted as regards the rate of success of the on-going ones, excluding initiatives already covered by existing legal bases and taking fully into account the Commission's assessment of the projects' implementability, decides to adopt a compromise package made up of a limited number of PP-PAs, also in view of the limited margins available and the ceilings for PP-PAs;
Amendment 167 #
2016/2047(BUD)
Motion for a resolution
Paragraph 48
Paragraph 48
48. Recalls the importance of the Emergency Aid Reserve (EAR) in providing a rapid response to specific aid requirements for third countries for unforeseen events and its earlier call for a substantial increase in its financial envelope, as part of the revision of the MFF; notes that its very quick consumption in 2016, likely to use up all possibilities of carry-over, is an indication that this special instrument will be vastlyprove to be insufficient to address all additional needs in 2017; increases therefore its appropriations to reach an annual allocation of EUR 1 billion and expects the MFF Regulation to be adjusted accordingly, pending a decision on the annual allocation of the EAR to be taken in the context of the MFF mid-term revision;
Amendment 171 #
2016/2047(BUD)
Motion for a resolution
Paragraph 50
Paragraph 50
50. Voices concern over the severeimportant decrease in payments appropriations in the 2017 Draft Budget as compared with the 2016 budget; notes that this reveals implementation delays which are not only worrying for the delivery of Union policies but also entail the risk of rebuilding a backlog of unpaid bills at the end of the current programming period, unless a satisfactory agreement is foun; considers that this matter should be tackled as part of the MFF revision; regrets, furthermore, the Council’s cuts in payments, despite the comfortable margins available below the ceilings;
Amendment 172 #
2016/2047(BUD)
Motion for a resolution
Paragraph 50 a (new)
Paragraph 50 a (new)
50 a. Stresses that, at the request of Parliament, a payment plan has been agreed with the aim of reducing the backlog of outstanding cohesion policy- related payment claims for 2007-2013 to a 'normal' level of EUR 2 billion by the end of 2016; points out that at least EUR 8,2 billion of unpaid bills were identified at the end of 2015 for 2007-2013 in the field of cohesion policy, a figure which is expected to fall below EUR 2 billion by the end of 2016; believes that a joint payment plan for 2016-2020 should be binding, developed and agreed between the three institutions; insists that such a new payment plan should be based on sound financial management and provide for a clear strategy to meet all payment needs in all headings until the end of the current MFF, and to avoid a 'hidden backlog' caused by an artificial slowdown in the implementation of certain multiannual programmes and other mitigating measures, such as the reduction of pre-financing rates;
Amendment 2 #
2016/2032(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Stresses that the EU budget should further facilitate SME access to funding and markets; underlines that SMEs, as the backbone of European economy, contribute to a great extent to the creation of jobs and growth across the EU;
Amendment 10 #
2016/2032(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Welcomes the introduction and the performance of COSME as the first EU programme specifically benefitting SMEs; strongly believes that the current COSME appropriations, as well as those for other well-performing EU funding programmes such as the SME Instrument or InnovFin under Horizon 2020, should at least be maintainbe reinforced for the remaining years of the current MFF; points to the fact that as the Parliament has constantly sought to reinforce COSME appropriations;
Amendment 14 #
2016/2032(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Welcomes the fact that EUR 75 billion have been earmarked to supportat €75 billion of the total investment catalysed by EFSI over three years will go to SMEs uander the EFSI mid-caps via the European Investment Fund; will closely monitor the leverage created by its financing and its geographic distribution; notes the success of the SME window and calls, as appropriate, for full use to be made of the flexibility clause provided in the regulation to increase this envelope;
Amendment 17 #
2016/2032(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the further opening of ESIFs to SMEs and the design of new dedicated schemes; supports the shift from grants to the provision of guarantees through financial instruments with higher leverage and less distortive effects on competition; recalls the importance of structural funding for SMEs, including for attracting further private investment to benefit SMEs in poorer regions;
Amendment 2 #
2016/2004(BUD)
Motion for a resolution
Recital A
Recital A
A. whereas the 2017 budget will have to face a context of fragile economic recovery jeopardised by thshould enforce the path towards economic growth and job creation in the context of a fragile situation in emerging markets and geopolitical tensions;
Amendment 9 #
2016/2004(BUD)
Motion for a resolution
Recital B
Recital B
B. whereas the 2017 budget will be affected by the ongoing migration and refugee crisis;
Amendment 22 #
2016/2004(BUD)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that the Union budget has proven to be a crucial resource in tackling recent crises and responding to needs that had not been anticipated during the negotiation of the MFF 2014-2020, such as the EFSI, the migration and refugee crisis or geopolitical tensions in the European neighbourhood produccausing a number of serious emergencies, while in the Union a continuous lowering of investment levels has led to an investment gap;challenges and emergencies.
Amendment 31 #
2016/2004(BUD)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Underlines that the capacity of the Union budget to tackle these crises arises principally from the use of all means available agreed upon in the MFF negotiations, and particularly the use of special instruments such as the flexibility instrument; recalls Parliament’'s decisive role in shaping those instruments during the MFF negotiations; highlights, however, that if the crises continue to worsen even the full activation of the existing flexibility provisions will be insufficient to address the problem; in this context, inviturges the Council to reconsider its position on the question of budgeting the MFF special instruments so as to alleviate the constraints weighing on the Union budget; reiterates in that connectiontext its long- standing position that the payment appropriations for the special instruments (the flexibility instrument, the EU Solidarity Fund, the European Globalisation Adjustment Fund and the Emergency Aid Reserve) should be calculated over and above the MFF ceilings, as is the case for commitments; expects theseis issues to be resolved in the context of the MFF mid-term revision;
Amendment 35 #
2016/2004(BUD)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes the Commission’s European Economic Forecast (Autumn 2015), which indicates a modest recovery; stresses, however, that this recovery remains worryingly weak andrecovery which is still below the growth potential of the European Union; stresses, however, that the growth fundamentals have to be enhanced in order too slow for a prompt return to full employment to be achieved, withboost job creation taking also into account that long-term and very long- term unemployment on the riseare still at worrying levels; notes, furthermore, the appearance of new challenges, such as the slowdown in emerging market economies and global trade, with particular pressure arising from volatility on Chinese markets, the need to tackle the migrant and refugee crisis, and persisting geopolitical tensions;
Amendment 46 #
2016/2004(BUD)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes, additionally, the Commission’s Annual Growth Survey for 2016; strongly believes that boosting private investment, including a coordinated increase inthrough a better coordination between private and public investment with a focus on the Europe 2020 targets, is a proper policy response with a view to a more balanced economic policy; believes that those two elements should be taken into consideration in the preparation of the draft budget for 2017 insofar as this should help identify priorities within an economic context; calls, consequently, for more synergies between the Union dimension of the European semester for economic policy coordination and the Union budget;
Amendment 57 #
2016/2004(BUD)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes, in this context, the Commission’'s efforts to enhance the use of the European Structural and Investment Funds in support of key priorities highlighted in the country-specific recommendations, and supports the proposal to use Union funding programmes for the Commission’sestablishment of the Structural Reform Support ServicProgramme;
Amendment 61 #
2016/2004(BUD)
Motion for a resolution
Paragraph 6
Paragraph 6
6. RegretUnderlines that the EUnion budget has in recent years been a collateral victim of Member States’ fiscal consolidation efforts aimed at complying with their obligations under the Stability and Growth Pact, which have led them to consider their, as an investment budget, can bring particularly strong EU added value by boosting growth, competitiveness and job creation in the Member States; draws the attention that Member States contributions to the Union budget as a burden and tomust not be treat ited as an adjustment variable subject to macro- economic conditions;
Amendment 77 #
2016/2004(BUD)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Highlights the fact that the Union has had to face numerous crises in recent years; recalls that aUnderlines that a holistic solution has still noto been found for the challenge of unprecedented Europe-wide migrant and refugee crisis, which escalated in 2015 with a sudden and massive increase in the numbers of refugees and migrants travellfleeing to the Union to seek asylum, which has further impacted on the internal crisis; underlinerecalls that the Union budget should be usedprovided immediate response to the crisis as part of a European solution to overcome theseis emergenciesy;
Amendment 87 #
2016/2004(BUD)
Motion for a resolution
Paragraph 8
Paragraph 8
8. RWelcomes the adoption of the European Fund for Strategic Investments (EFSI) which serves as one of the main tools for enhancing investments at EU level and will contribute to stimulating the creation of jobs; notes with satisfaction that a significant number of projects and EIF operations have already been approved and encourages Member States and private entities to make full use of the financial resources available through the EFSI; recalls that the Union budget provides the backbone of the new investment plan by making available the EUR 8 billion required in commitment and payment appropriations for the provisioning of the guarantee fund of the European Fund for Strategic Investments (EFSI), out of which a total of EUR 3.38 billion has already been mobilised in the 2015 and 2016 budgets; recalls that the Global Margin for Commitments was fully utilised for this purpose in 2016 and notes that, according to the EFSI legislative financial statement, the Commission foresees a similar scenario for the Draft Budget 2017; reiterates its commitment to reinforce Horizon 2020 and the Connecting Europe Facility through the annual budgetary procedure, in order to compensate the cuts agreed during the EFSI negotiations as much as possible;
Amendment 92 #
2016/2004(BUD)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Stresses that the EU Budget should further facilitate SME's access to markets and funding through its already existing programs such as COSME, since SMEs are the backbone of the EU economy and the main source of jobs across Europe; is convinced that the EU Budget has to step up its contribution towards enhancing economic competitiveness of European enterprises;
Amendment 104 #
2016/2004(BUD)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers the European Youth Initiative (YEI), in particular, to be a fundamental contribution to the Union’'s priority objective for jobs and growth, and therefore reiterates its commitment to continued funding for this programme with a view to scaling it up and thereby offering a greater number of young people the prospect of effectively entering the labour market by receiving a good quality offer of employment, continued education or apprenticeship; recalls the commitment made byjoint statement of the three institutions to ‘ensure appropriate funding via an Amending Budget in 2016, by making use of all available means provided for in the MFF, and primarily of the Global Margin for Commitments’; notes that the figures foron the Budget 2016 that states that 'reducing youth unemployment remains a high and shared political priority, and to this end they reaffirm their determination to make the best possible use of budgetary resources available to tackle it, and in particular the Youth Employment Initiative'; notes that, despite the initial delays in the implementation of this programme and the continuing procrastination to designate authorities for YEI Operational Programmes in many Member States, the current implementation figures indicate a full success in terms of absorption capacity; calls on the Commission to present its evaluation of the YEI at the latest by the end of April 2016, and at all events in time for the inclusion of a prolongation of the programme in the EU budget 2017, while also laying the groundwork for the search for a permanent source of funding for the YEI as; stresses that a permanent solution for the funding of YEI through new commitment appropriations until 2020 will be part of the mid-term revision of the MFF;
Amendment 111 #
2016/2004(BUD)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Is alarmed by increasing poverty, particularly amHighlights that according to the recent report of Save the Children Organisation 27 milliong children; recalls it are currently at risk of poverty in EU; recalls European Parliament's report advocating the possibility of establishment of aing child guarantee in order to lift children out of poverty and avoid their being socially excluded7 ; welcomes the efforts of the Member States that have recently adopted child poverty reduction strategies, with a view to reduce overall poverty levels, including for children and young people; considers education, childcare, health services, housing and security to be basic needs to which every European child has the right; __________________ 7 Texts adopted, P8_TA(2015)0403. Texts adopted, P8_TA(2015)0403.
Amendment 122 #
2016/2004(BUD)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Acknowledges the mobilisation of significant budgetary means spread over 2015 and 2016 to address the migration and refugee, crisis both internally within the Union and externally in refugees’ countries of origin; stresses, however, that substantial additional financial means are required to address this crisis, as the increase in numbers of refugees and migrants cannot be considered a temporary phenomenon; highlights that longer-term solutions should be sought, not only in the annual budgetary procedure, but also in the upcoming interim revision of the MFF; highlights the need to address root causes of the migration phenomenon by improving living conditions in the country of origin of migrants through more security, better education and medical services and enhanced support for investments in infrastructure;
Amendment 125 #
2016/2004(BUD)
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11 a. Attaches the utmost importance to the Council's public statements concerning the response to the unprecedented migration and refugee crisis; expects the Council to fulfil the expectations raised by its own statements and decisions related to Member States contributions matching the EU budget support to Madad and Africa Trust Funds as well as fully implementing the Commission's initial proposal on the Refugee Facility for Turkey;
Amendment 133 #
2016/2004(BUD)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes the setting-up of the Union Regional Trust Fund in Response to the Syrian Crisis and of the Emergency Trust Fund for stability and addressing the root causes of irregular migration and displacement of people in Africa; urges the Member States to stand by their promises and contribute to these funds; underlines that the Member States have reconfirmed their commitment, at the informal meeting of EU Heads of State or Government held to discuss migration on 23 September 2015, the European Council of 15 October 2015, and the Valletta summit of 11-12 November 2015; stresses, however, that further financial efforts will be needed to provide humanitarian assistance along the transit routes and to manage the challenges posed by increasing numbers of refugeis deeply concerned by the low level of the financial contributions from Member States; reminds that the above funds were created in response to the lack of flexibility and funding in the EU budget; insists that the actions undertaken to tackle the migration and refugee problem should not come at the cost of the EU´s development policies in other areas;
Amendment 142 #
2016/2004(BUD)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Welcomes the principle and objectives of the EUR 3 billion Refugee Facility for Turkey, and calls onurges each Member State to take on its share, but raises the question ofgo beyond political pledges and provide adequate financial support to this facility; expects the Commission to explain how the Union contribution should be made available within the respective ceilings of the Union budget for 2016 and 2017; deplores the fact that Parliament was not properly involved in either the setting- up of the facility or the mobilisation of the Union’'s contribution, as shown by the Commission’'s announcement of its intention to finance the Union contribution by redeployment from the recently adopted Union budget for 2016 and by pre-empting the margins of the 2017 budget; considers these actions to be clear infringements of Parliament’'s rights as an arm of the budgetary authority;
Amendment 146 #
2016/2004(BUD)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
Amendment 155 #
2016/2004(BUD)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls for the full implementation of the joint statements on payments agreed between Parliament, the Council and the Commission in 2015 and 2016; recalls the commitment to hold in the course of this year at least three interinstitutional meetings on payments in order to take stock of payment implementation and revised forecasts; expects the first of the three meetings, in March 2016, to provide an initial overview of the level of unpaid bills at the end of 2015, for the main policy areanotes that the Commission has announced a 2015 end- of-year backlog of 8.2bn, which is almost half of what it had originally anticipated; intends to raise this issue at the first interinstitutional meeting on payments in March 2016, in order to determine the causes of this divergence and the possible long-term impact on payment forecasts; expects that in its reading of the 2017 Union budget the Council will take on board and fully respect the amounts confirmed at the April 2016 meeting; urges the Commission to provide Parliament and the Council, as agreed in the joint statement adopted in the framework of the budgetary procedure for 2016, with longer- term forecasts for the expected evolution of payments up to the end of the MFF 2014- 2020 in order to avoid a payment backlog in the second half of the MFF;
Amendment 161 #
2016/2004(BUD)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Recalls thate importance of gender mainstreaming should underpin Union policies as a horizontal principle; calls on the Commission to put the principle of gender mainstreaming into practice when preparing the draft budget for 2017, where appropriate;
Amendment 173 #
2016/2004(BUD)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Welcomes the Commission’s efforts in developing the ‘EU Budget Focused on Results’ strategy; stresses that particular attention should be paid to the performance of financial instruments under the Union funding programmes; believes, furthermore, that, apart from the Union institutions, considerable responsibility also lies with the Member States, given the fact that 80 % of the budget is under ‘shared management’; emphasizes the need to focus more on improving output indicators in order to have a concrete image on the effect of EU spending in real economy; calls on the Member States, therefore, to do their utmost to guarantee sound financial management and the reduction of errors, and to avoid any delays in the implementation of programmes under their responsibility;
Amendment 190 #
2016/2004(BUD)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Recalls that the final agreement on the MFF 2014-2020, as sigenshrined in December 2013, included a proposal forArticle 2 of the MFF Regulation, includes a compulsory review of the MFF 2014-2020, accompanied by a legislative proposal for revision of the MFF by the end of 2016; stresses that the purpose of the review/revision is to provideis process should ensure that the Union withis granted sufficient resources to effectively address internal and external crises and finance evolving political priorities for the second half of the current MFF; stresses that the Council should live up to the expectations raised by its ownthe statements and decisions of the European Council; underlines in this respect that the Council should take on responsibility for ensuring the financing of new tasks, either by clearly identifying the policy areas which would no longer be among the Union’s priorities or by agreeing tonecessary appropriations should be made available to respond to the additional financing needs, including through an upward revision of the relevant MFF ceilings;
Amendment 200 #
2016/2004(BUD)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Reiterates its position in favour of an in-depth reform of the system of Union own resources, and gives the highest political importance to the work of the High Level Group on Own Resources created as part of the MFF 2014-2020 agreement; expects the Commission and the Council to take oin boardconsideration the final outcome, which is expected by the end of 2016, including any new candidate for own resources; recalls that the leading idea behind the own resources reform is to make the Union budget more stable, more sustainable, more predictable, and more autonomous, while also alleviating the burden of excessive spending from national budgets and improving transparency for the citizens; believes that in order to have a completely independent EU Budget, genuine own resources have to be put in place;
Amendment 111 #
2016/0337(CNS)
Proposal for a directive
Recital 4
Recital 4
(4) Considering the need to act swiftly in order to ensure a proper functioning of the internal market by making it, on the one hand, friendlier to trade and investment and, on the other hand, more resilient to tax avoidance schemes, it is nrecessary to divide the ambitious CCCTB initiative into two separate proposals. At a first stage, ruleommendable that these two legislative proposals are dealt with in parallel, as long a common corporate tax base should be enacted, before addressing, at a secs the application of CCTB is not delayed or conditioned stage, the issue of consoby the finalidzation of CCCTB.
Amendment 195 #
2016/0337(CNS)
Proposal for a directive
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Directive establishes a system of a common base for the taxation of certain companies and lays down rules for the calculation of that base. This Directive does not establish a minimum corporate tax rate, including effective or statutory corporate tax rates, and does not provide for the introduction of minimum corporate tax rates in the future.
Amendment 224 #
2016/0337(CNS)
Proposal for a directive
Article 4 – paragraph 1 – subparagraph 1 – point 30 a (new)
Article 4 – paragraph 1 – subparagraph 1 – point 30 a (new)
(30a) 'secrecy or low tax jurisdiction' means any jurisdiction which, from 31 December 2016, meets any of the following criteria: (a) a lack of automatic exchange of information with all signatories of the multilateral competent authority agreement in line with the standards of OECD published on 21 July 2014 entitled 'Standard for Automatic Exchange of Financial Account Information in Tax Matters'; (b) no register of the ultimate beneficial owners of corporations, trusts and equivalent legal structures at least compliant with the minimum standard defined in the Directive (EU) 2015/849 of the European Parliament and of the Council; (c) laws or administrative provisions or practices which grant favourable tax treatment to undertakings irrespective of whether they engage in genuine economic activity or have a significant economic presence in the country in question.
Amendment 135 #
2016/0276(COD)
Proposal for a regulation
Recital 9
Recital 9
(9) Additionality, a key feature of the EFSI, should be strengthened in the selection of projects. In particular, operations should only be eligible for EFSI support if they address clearly identified market failures or sub-optimal investment situations. Operations in infrastructure under the Infrastructure and Innovation Window linking two or more Member States or regions, including e- infrastructure, should be considered additional given their inherent difficulty and their high added value for the Union. Any project seeking EFSI financing that is co-financed with an ESIF contribution should be considered additional, given the imperative need to create synergies between the different EU funding sources.
Amendment 176 #
2016/0276(COD)
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11 a) Although cooperation between the EIB and national promotional banks or institutions and investment platforms is encouraged, such a cooperation should in no way be detrimental to Member States which have not established such institutions or platforms.
Amendment 230 #
2016/0276(COD)
Proposal for a regulation
Recital 21 a (new)
Recital 21 a (new)
(21 a) In order to address market failures and gaps, to stimulate adequate additional investments, and to promote the geographic and regional balance of EFSI-backed operations, an integrated and streamlined approach to the aim of promoting growth, jobs and investments is necessary. The Steering Board should set out guidelines which foresee that: - if appropriate, EFSI should take a junior position versus other investors, and the pricing of the guarantee should be modulated including blending where necessary to enable projects in order to maximize leverage of funds and to take into account local market conditions; - the pricing policy for equity-type operations taking into account that pricing levels should, if appropriate, remain behind market prices significantly, without, however, jeopardizing significantly the revenues of the EU budget. According to the principle of subsidiarity, a higher pricing can be agreed where the private or public investors plan to bring in sufficient equity risk taking money.
Amendment 264 #
2016/0276(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 1 a (new)
Article 1 – paragraph 1 – point 1 a (new)
Regulation (EU) No 2015/1017
Article 5 – paragraph 1 – subparagraph 2
Article 5 – paragraph 1 – subparagraph 2
Amendment 272 #
2016/0276(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 2015/2017
Article 5 – paragraph 1– subparagraph 3
Article 5 – paragraph 1– subparagraph 3
To better address market failures or sub- optimal investment situations, EIB special activities supported by the EFSI shall typically have features such as subordination, participation in risk- sharing instruments, cross-border characteristics, exposure to specific risks or other identifiable aspects as further described in Annex IIthereby ensuring complementarity and thus avoiding crowding out vis-à-vis participants in the same market, EIB special activities supported by the EFSI shall, if appropriate, have the feature of subordination, and take a junior position vis-à-vis other investors, in order to ensure additionality.
Amendment 291 #
2016/0276(COD)
(2 a) the following paragraph is added: ‘2a. Furthermore, in line with the pricing policies, the Steering Board shall set out guidelines which foresee that: - if appropriate, EFSI shall take a junior position versus other investors, and the pricing of the guarantee shall be modulated including blending where necessary to enable projects in order to maximize leverage of funds and to take into account local market conditions; - the pricing policy for equity-type operations taking into account that pricing levels shall, if appropriate, remain behind market prices significantly. According to the principle of subsidiarity, a higher pricing can be agreed where the private or public investors plan to bring in sufficient equity risk taking money;’;
Amendment 304 #
2016/0276(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point -a (new)
Article 1 – paragraph 1 – point 4 – point -a (new)
Regulation (EU) No 2015/1017
Article 7 – paragraph 3 – subparagraph 1
Article 7 – paragraph 3 – subparagraph 1
(-a) in paragraph 3, the first subparagraph is replaced by the following: ‘The Steering Board shall comprise fourive members: three appointed by the Commission, one by the EIB and one by the EIBuropean Parliament. The nominee of the European Parliament shall not be a serving Member of the European Parliament. The Steering Board shall elect a Chairperson from among its members for a fixed term of three years, renewable once. The Steering Board shall strive to take its decisions by consensus. In the event that a consensus cannot be reached, the Steering Board shall decide by a four- fifths majority of its component members.’;
Amendment 316 #
2016/0276(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point -a a (new) Regulation (EU) No 2015/1017
Article 1 – paragraph 1 – point 4 – point -a a (new) Regulation (EU) No 2015/1017
(-aa) in paragraph 5, the second subparagraph is replaced by the following: ‘The Managing Director shall be assisted by a deputy managing director. The Managing Director shall report every quarter on the activities of the EFSI to the Steering Board.and the Deputy Managing Director shall participate in the meetings of the Steering Board as non- voting members.’;
Amendment 331 #
2016/0276(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point d
Article 1 – paragraph 1 – point 4 – point d
Regulation (EU) No 2015/1017
Article 7 – paragraph 12 – subparagraph 2 – second sentence
Article 7 – paragraph 12 – subparagraph 2 – second sentence
Decisions approving the use of the EU guarantee shall be public and accessible, and. They shall include the rationale for the decision, with particular focus on compliance with the additionality criterion. The publication shall not contain commercially sensitive information and an explanation on how the scoreboard was used to justify the use of the EU guarantee. The scoreboard shall also be public. The publication of the decisions shall not contain commercially sensitive information. In case of commercially sensitive decisions, the EIB shall forward to the European Parliament such decisions and information concerning promoters or financial intermediaries at the date of closing of the relevant financing or any earlier date when commercial sensitivity ends. In reaching its decision, the Investment Committee shall be supported by the documentation provided by the EIB.;
Amendment 434 #
2016/0276(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point c a (new)
Article 1 – paragraph 1 – point 9 – point c a (new)
Regulation (EU) No 2015/1017
Article 14 – paragraph 5 a (new)
Article 14 – paragraph 5 a (new)
(c a) A new paragraph is inserted after paragraph 5: ‘(5a) The EIAH shall make use of the list referred to in Article 16(2a), in order to assist, in a proactive manner and as appropriate, possible project promoters in further developing their proposals for funding under EFSI.’
Amendment 447 #
2016/0276(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 9 a (new)
Article 1 – paragraph 1 – point 9 a (new)
Regulation (EU) No 2015/1017
Article 16 – paragraph 2 a (new)
Article 16 – paragraph 2 a (new)
(9 a) In Article 16, a new paragraph is inserted after paragraph 2: ‘2a The EIB shall submit every six months to the European Parliament, the Council, the Commission and the EIAH, a list of all investment proposals submitted for the use of the EU guarantee, including those that are not pre-selected for submission to the Investment Committee, subject to strict confidentiality requirements.’
Amendment 38 #
2016/0275(COD)
Proposal for a decision
Recital 1
Recital 1
(1) The international community faces an unprecedented refugee and migration crisis which requires solidarity, efficient mobilisation of financial resources and the need to confront and surmount the existing challenges in a concerted manner. All actors need to work together to apply sustained, medium and long-term policies and an efficient use of existing processes and programmes in order to support initiatives which contribute to addressing root causes of migration.
Amendment 43 #
2016/0275(COD)
Proposal for a decision
Recital 9
Recital 9
(9) In order to allow the ELM to respond to potential upcoming challenges and Union priorities, as well as to provide a strategic response addressing root causes of migration, the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 32 308 470 000 000 by releasing the optional additional amount of EUR 3 000 000 000. Under the general mandate, the amount of EUR 1 400 000 000 should be earmarked for projects in the public sector directed to refugees, transit and host communities in crisis affected areas.
Amendment 49 #
2016/0275(COD)
Proposal for a decision
Recital 11
Recital 11
(11) Addressing the root causes of migration and the needs of transit and host communities should be added as a new objective of the mandate.
Amendment 53 #
2016/0275(COD)
Proposal for a decision
Recital 15
Recital 15
(15) The EIB should develop and implement a set of indicators in its Results Measurement framework for projects in the public sector and in the private sector directed to refugees and host communities. Therefore, an assessment of the contribution of EIB financing operations addressing root causes of migration and the needs of transit and host communities should be included in the Commission’s annual reporting to the European Parliament and to the Council on EIB financing operations.
Amendment 57 #
2016/0275(COD)
Proposal for a decision
Recital 16
Recital 16
(16) Only where it concerns the need to address urgencies and crisis situations that could arise within the mandate period and which are recognised as Union external policy priorities, the ceiling for reallocation between the regions by the EIB in the course of the mandate should be increased from 10 % to 20 %. The private sector mandate of EUR 2 300 000 000 and the amount of EUR 1 400 000 000 dedicated to public sector projects cannot be reallocated because its purpose is to address root causes of migration and the needs of transit and host communities .
Amendment 58 #
2016/0275(COD)
Proposal for a decision
Recital 17
Recital 17
(17) The list of eligible regions and countries and potentially eligible regions and countries should be modified in order to exclude high income countries with high credit rating (Brunei, Iceland, Israel, Singapore, Chile and South Korea). In addition, Iran is toRussia should be removed from the list of eligible regions and countries and Iran should be added to the list of potentially eligible regions and countries.
Amendment 60 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Decision No 466/2014/EU
Article 2 – paragraph 1 – subparagraph 1
Article 2 – paragraph 1 – subparagraph 1
The maximum ceiling of the EIB financing operations under EU guarantee throughout the period 2014-20 shall not exceed EUR 32 308 470 000 000. Amounts initially earmarked for financing operations but subsequently cancelled shall not count against the ceiling.
Amendment 62 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Decision No 466/2014/EU
Article 2 – paragraph 1 – subparagraph 2 – point b
Article 2 – paragraph 1 – subparagraph 2 – point b
(a) a maximum amount of EUR 30 006 170 000 000 under a general mandate, of which an amount of up to EUR 1 400 000 000 is earmarked for projects in the public sector directed to refugeesaddressing the root causes of migration and the needs of transit and host communities;
Amendment 67 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Decision No 466/2014/EU
Article 2 – paragraph 1 – subparagraph 2 – point b
Article 2 – paragraph 1 – subparagraph 2 – point b
(b) a maximum amount of EUR 2 300 000 000 under a private sector lending mandate for projects addressing root causes of migration and the needs of transit and host communities.
Amendment 70 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point a
Article 1 – paragraph 1 – point 2 – point a
Decision No 466/2014/EU
Article 3 – paragraph 1 – point d (new)
Article 3 – paragraph 1 – point d (new)
(d) strategic response to addressing root causes of migration. and the needs of transit and host communities;
Amendment 71 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point a a (new)
Article 1 – paragraph 1 – point 2 – point a a (new)
Decision No 466/2014/EU
Article 3 – paragraph 2
Article 3 – paragraph 2
Amendment 76 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point c
Article 1 – paragraph 1 – point 2 – point c
Decision No 466/2014/EU
Article 3 – paragraph 7 – subparagraph 3
Article 3 – paragraph 7 – subparagraph 3
Over the period covered by this dDecision, the EIB should endeavour to sustain the current high level of climate-relevant operations, while the minimum volume of those operationsthe volume of which shall represent at least 25 % of the total EIB financing operations outside the Union, with a view to further increasing this target by 2020.
Amendment 84 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 3 a (new)
Article 1 – paragraph 1 – point 3 a (new)
Decision No 466/2014/EU
Article 8 – paragraph 6
Article 8 – paragraph 6
(3a) in Article 8, paragraph 6 is replaced by the following: ““6. The Commission and the EIB shall set out in the guarantee agreement referred to in Article 14 a clear and transparent allocation policy allowing the EIB to identify, within its external activity, the operations to be financed under this Decision in order to ensure the most effective use of the EU guarantee. The allocation policy shall be based on the creditworthiness of EIB financing operations as assessed by the EIB, the ceilings as defined in Annex I, the nature of the counterparty, whether a sovereign State or a sub-sovereign entity falling under paragraph 1 of this Article or a private entity, EIB risk absorption capacity and other relevant criteria, including added value of the EU guarantee. The European Parliament and the Council shall be informed on the allocation policy in accordance with Article 14.”“ (http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX%3A32014D0466)under this Decision including in comparison with EIB’s own risk lending allocation policy outside the Union, in accordance with Article 14.”“ Or. en
Amendment 88 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 3 b (new)
Article 1 – paragraph 1 – point 3 b (new)
Decision No 466/2014/EU
Article 9 – paragraph 1 – subparagraph 2
Article 9 – paragraph 1 – subparagraph 2
(3b) in Article 9, paragraph 1, subparagraph 2 is replaced by the following: ““Where appropriatlicable, this appraisal shall include an assessment of how the capacities of the beneficiaries of EIB financing can be reinforced throughout the project cycle with technical assistance. The EIB’s own rules and procedures shall include the necessary provisions on assessment of environmental and social impact of investment projects and of aspects related to human rights and conflict prevention, to ensure that investment projects supported under this Decision are environmentally and socially sustainable. ““ The EIB shall ensure that the available internal practical guidance on application of due diligence ensures respect for human rights, taking into account existing human rights benchmarks provided by the Union, relevant United Nations bodies and human rights organisations, in its project assessments.”“ Or. en (http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX%3A32014D0466)
Amendment 94 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 5 – point a a (new)
Article 1 – paragraph 1 – point 5 – point a a (new)
Decision No 466/2014/EU
Article 11 – paragraph 1 – point b
Article 11 – paragraph 1 – point b
(aa) point (b) is amended as follows “an assessment of the added value, the estimated outputs, outcomes and development impact of EIB financing operations at an aggregated basis, drawing on the EIB’s Results Measurement framework annual report. To that effect, the EIB shall use performance indicators in relation to development, environmental and social aspects, including human right, wherever possible, human right and gender equality aspects, of projects funded, taking into account the relevant indicators under the Paris Declaration of 2005 for Aid Effectiveness. Indicators for environmental aspects of projects shall include criteria for clean technology which are oriented in principle at energy efficiency and technologies for reducing emissions;” . The EIB shall develop indicators for projects providing strategic response addressing root causes of migration;” Or. en (http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX%3A32014D0466)
Amendment 100 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 5 b (new)
Article 1 – paragraph 1 – point 5 b (new)
Decision No 466/2014/EU
Article 12 – paragraph 1 – point a
Article 12 – paragraph 1 – point a
(5b) in Article 12 (1), point (a) is replaced by the following: “(a) all EIB financing operations carried out under this Decision, after the project approval stage, in particular indicating whether an investment project is covered by the EU guarantee and how it contributes to the goals of the Union external action, noting in particular its economic, social and environmental impact;”“ (http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX%3A32014D0466), as well as publish relevant information related to individual projects under this decision, including the Results measurement sheets, taking into account the protection of confidential and commercially sensitive information;” Or. en
Amendment 106 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 5 a (new)
Article 1 – paragraph 1 – point 5 a (new)
Decision No 466/2014/EU
Article 13 – paragraph 1 a (new)
Article 13 – paragraph 1 a (new)
(5a) in Article 13, the following paragraph is added after the first paragraph : The EIB shall swiftly apply the relevant Union legislation and standards regarding tax avoidance and tax havens that are in place or will be adopted in the future. The EIB shall require its clients to comply with these rules accordingly. The EIB shall take proactive measures and perform increased due diligence measures in case of links of EIB projects to jurisdictions raising tax concerns.
Amendment 109 #
2016/0275(COD)
Proposal for a decision
Article 1 – paragraph 1 – point 5 c (new)
Article 1 – paragraph 1 – point 5 c (new)
Decision No 466/2014/EU
Article 13 – paragraph 2 a (new)
Article 13 – paragraph 2 a (new)
(5c) in Article 13, the following paragraph is added after the second paragraph: Financing operations under this decision shall be in full compliance with the EIB’s uncooperative jurisdictions policy (NCJ policy) which shall be amended as soon as the Union list of non-cooperative tax jurisdictions is established.
Amendment 113 #
2016/0275(COD)
Proposal for a decision
Annex I – point B – introductory part
Annex I – point B – introductory part
Decision No 466/2014/EU
Annex I – paragraph 1 – point B – Introductory part
Annex I – paragraph 1 – point B – Introductory part
B. Neighbourhood and Partnership countries: EUR 18 24 1374 000 000, broken down into the following sub-ceilings:
Amendment 116 #
2016/0275(COD)
Proposal for a decision
Annex I – point B – point i
Annex I – point B – point i
Decision No 466/2014/EU
Annex I – paragraph 1 – point B – point i
Annex I – paragraph 1 – point B – point i
(i) Mediterranean countries: EUR 12 3666 000 000 of which EUR 10 5806 000 000 under the general mandate and EUR 1 860 000 000 under the private sector lending mandate;
Amendment 117 #
2016/0275(COD)
Proposal for a decision
Annex I – point B – point ii
Annex I – point B – point ii
Decision No 466/2014/EU
Annex I – paragraph 1 – point B – point ii
Annex I – paragraph 1 – point B – point ii
(ii) Eastern Europe, Southern Caucasus and Russia: EUR 6 00811 471 000 000;
Amendment 119 #
2016/0275(COD)
Proposal for a decision
Annex I – point B – point ii
Annex I – point B – point ii
Decision No 466/2014/EU
Annex I – paragraph 1 – point B – point ii
Annex I – paragraph 1 – point B – point ii
(ii) Eastern Europe, and Southern Caucasus and Russia: EUR 6 008: EUR 11 471 000 000;
Amendment 121 #
2016/0275(COD)
Proposal for a decision
Annex I – point C – introductory part
Annex I – point C – introductory part
Decision No 466/2014/EU
Annex I – paragraph 1 – point C – introductory part
Annex I – paragraph 1 – point C – introductory part
C. Asia and Latin America: EUR 3 7854 192 000 000, broken down into the following sub-ceilings:
Amendment 123 #
2016/0275(COD)
Proposal for a decision
Annex I – point C – point i Decision No 466/2014/EU
Annex I – point C – point i Decision No 466/2014/EU
(i) Latin America: EUR 2 543750 000 000;
Amendment 127 #
2016/0275(COD)
Proposal for a decision
Annex I – point C – point iii
Annex I – point C – point iii
Decision No 466/2014/EU
Annex I – paragraph 1 – point C – point iii
Annex I – paragraph 1 – point C – point iii
(iii) Central Asia: EUR 2402 000 000;
Amendment 132 #
2016/0275(COD)
Proposal for a decision
Annex I – point D – paragraph 2 a (new)
Annex I – point D – paragraph 2 a (new)
Decision No 466/2014/EU
Annex I – paragraph 2 a (new)
Annex I – paragraph 2 a (new)
EIB governing bodies shall in particular use such possibility of reallocation to allow for a continued focus of the EU guarantee on priority countries with a higher risk profile than those covered under EIB’s Own Risk Facilities. The Commission shall keep the European Parliament and the Council regularly informed of such reallocations including in comparison with EIB’s own risk lending allocation policy outside the Union.
Amendment 134 #
2016/0275(COD)
Proposal for a decision
Annex III – point B – point 2 – paragraph 1
Annex III – point B – point 2 – paragraph 1
Decision No 466/2014/EU
Annex III – point B – point 2 – paragraph 1
Annex III – point B – point 2 – paragraph 1
Eastern Europe, and Southern Caucasus and Russia
Amendment 135 #
2016/0275(COD)
Proposal for a decision
Annex III – point B – point 2 – paragraph 4
Annex III – point B – point 2 – paragraph 4
Decision No 466/2014/EU
Annex III – point B – point 2 – paragraph 4
Annex III – point B – point 2 – paragraph 4
Amendment 137 #
2016/0275(COD)
Proposal for a decision
Article 1 a (new)
Article 1 a (new)
Article 1 a The EIB may finance projects for the private sector lending mandate before the entry into force of this Decision and the conclusion of an EU Guarantee Agreement between the Commission and the EIB. Such projects may be included within the EU guarantee coverage, subject to confirmation by the Commission of the respect of the terms to be agreed in the EU Guarantee Agreement
Amendment 11 #
2016/0010(CNS)
Proposal for a directive
Recital 2
Recital 2
(2) As Multi National Enterprise (MNE) Groups are active in different countries, they have the possibility of engaging in aggressive tax planning practices that are not available for domestic companies. When MNEs do so, purely domestic companies, normally small and medium- sized enterprises (SMEs) may be particularly affected as their tax burden is higher than that of MNE Groups. On the oTo avoid distortion of competition, purely domestic companies should not face disadvantages due to their hand, allsize or lack of cross-border trade. Furthermore, Member States may suffer revenue losses and there is the risk of competition to attract MNE Groups by offering them further tax benefits. There is therefore a problem for the proper functioning of the Internal Market.
Amendment 3 #
2015/2353(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas the current MFF, which was agreed in 2013, reflects the priorities of the Union at the time of adoption; whereas the EU will continue to face in the coming years challenges which were not foreseen when the MFF was approved; whereas EU's financing priorities have multiplied, while the MFF has remained unchanged;
Amendment 4 #
2015/2353(INI)
Motion for a resolution
Recital A b (new)
Recital A b (new)
Ab. whereas the EU must be able to respond to multiple challenges while continuing to address its long-standing priority of creating growth and jobs;
Amendment 60 #
Amendment 61 #
2015/2353(INI)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Recalls that Russia's invasion of Ukraine has created and continues to pose serious security challenges to the EU and its Eastern Partners; stresses that these challenges must be addressed during the MFF revision by providing enhanced support to countries that are currently implementing Association Agreements, in order to advance reforms and ensure the deepening of the relations between the EU and the respective countries;
Amendment 70 #
2015/2353(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Underlines that, in response to this pressing problem, the new Commission in 2014 proposed an investment plan for Europe and the establishment of EFSI, with the aim of mobilising EUR 315 billion in new investment in the real economy; welcomes in this respect the adoption of EFSI, which will serve as one of the main tools for enhancing investments at EU level and will contribute to stimulating the creation of jobs; notes with satisfaction that a significant number of projects and EIF operations have already been approved and synergies between the EFSI and Horizon 2020 could be detected; calls on the Commission and EIB to ensure that geographical concentration is avoided and that all Member States benefit from EFSI; notes that the guarantee provided by the Union for EFSI is covered by a Guarantee Fund of EUR 8 billion constituted in the EU budget;
Amendment 137 #
2015/2353(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Recalls the build-up over the previous (2007-2013) MFF of a backlog of unpaid bills, which rose from a ‘normal’ level of EUR 5 billion at end 2010 to EUR 11 billion at end 2011, EUR 16 billion at end 2012, and EUR 23.4 billion at end 2013; warns that this backlog has spilled over into the current (2014-2020) MFF, reaching an unprecedented peak of EUR 24.7 billion at the end of 2014; stresses that, at the insistent request of Parliament, a payment plan has been agreed with the aim of reducing the backlog of outstanding cohesion policy-related payment claims for 2007-2013 to EUR 2 billion by the end of 2016; points out that at least EUR 8.2 billion of unpaid bills were identified at the end of 2015 for 2007-2013 in the field of cohesion policy, a figure which is expected to fall below EUR 2 billion by the end of 2016; notes that this decrease provides merely temporary relief as it is only the result of submissions of payable claims for both the 2007-2013 and 2014-2020 programmes being less than announced; regrets that no action has been undertaken to address the ‘hidden backlog’ identified under other headings; draws the attention that the situation of 2012-2014 might recur at the end of the current MFF if no concrete measures are taken;
Amendment 246 #
2015/2353(INI)
Motion for a resolution
Paragraph 42
Paragraph 42
42. Attaches particular importance to the Contingency Margin, as a last-resort instrument for reacting to unforeseen circumstances; stresses that, according to the Commission, this is the only special instrument that can be mobilised only for payment appropriations and thus to prevent a payment crisis in the EU budget as in 2014; deplores the fact that, contrary to the previous period, a compulsory offsetting of the appropriations is stipulated in the MFF Regulation; is of the firm opinion that this requirement creates an unsustainable situation with regard to thehich will in fact lower the annual MFF ceilings ofin the last years of the period and thus create additional pressure on the EU Budget; stresses that the Contingency Margin is in any event a last-resort instrument, whose mobilisation is jointly agreed by the two arms of the budgetary authority; calls, therefore, for the rule of compulsory offsetting to be lifted immediately with retroactive effect;
Amendment 302 #
2015/2353(INI)
Motion for a resolution
Paragraph 50
Paragraph 50
50. Underlines, however, that, especially for programmes under shared management in the field of cohesion policy and rural development, but also for other EU programmes, longer-term predictability is essential, given the time it takes to agree on sectoral legislation and operational programmes at national and regional level;
Amendment 5 #
2015/2344(INI)
Motion for a resolution
Citation 2
Citation 2
– having regard to the Treaty on the Functioning of the European Union (TFEU), in particular Articles 1221, 122, 123, 124, 125, 126, 127, 136, 310, 311, 329 and 352 thereof,
Amendment 12 #
2015/2344(INI)
Motion for a resolution
Citation 5 a (new)
Citation 5 a (new)
– having regard to the European Council Decision of 25 March 2011 on amending Article 136 of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro,
Amendment 16 #
2015/2344(INI)
Motion for a resolution
Citation 8 a (new)
Citation 8 a (new)
– having regard to the Commission Communication ‘A Blueprint for a deep and genuine EMU – Launching a European Debate’ of 28 November 2012,
Amendment 17 #
2015/2344(INI)
Motion for a resolution
Citation 8 b (new)
Citation 8 b (new)
– having regard to the Four Presidents’ Report ‘Towards a Genuine Economic and Monetary Union’ of 5 December 2012,
Amendment 30 #
2015/2344(INI)
Motion for a resolution
Recital A
Recital A
A. whereas the Treaty on European Union establishes the creation of the single market, whose currency is the euro; whereas the Europeconomic and Monetary Union of the European Union currently consists of 19 m28 Members, two of whom States, out of these only 19 Member States shavre opt-out clauses, the remaining seven EU Member States having yet to join; whereasthe common currency and form part of the euro area; whereas of the nine Member States whose currency is not the euro, one Member has an opt-out and one Member has an opt-in from joining the common currency and no financial liability will be incurred by the twose countries with opt-outs from EMU in the framework of any fiscal capacity for the euro area; whereas the remaining seven EU Member States are bound by their Treaties of Accession to the European Union to join the common currency once they fulfil the necessary criteria;
Amendment 48 #
2015/2344(INI)
Motion for a resolution
Recital B
Recital B
B. whereas the European Monetary Union established under the Maastricht Treaty was not complemented by a genuinMaastricht Treaty established the Economic and Monetary Union of the European Economic Union;
Amendment 60 #
2015/2344(INI)
Motion for a resolution
Recital C
Recital C
C. whereas contrary to the budgetary arrangements in all other federations, the EU budget is dependent on contributions from Member State level to EU level; and shall be in balance, as laid down in Article 310 TFEU;
Amendment 64 #
2015/2344(INI)
Motion for a resolution
Recital D
Recital D
D. whereas keeping the Balance of Payments Facility for non-euroArticle 123 and 125 TFEU were put in place to avoid and prevent moral hazard and ensure fiscal sustainability and prudency of euro area Member States; while depriving euro area Member States of this instrument as a consequence of the no-bail-out clause reflects one of the original flaws of EMUereas the European Stability Mechanism (ESM) constitutes the crisis resolution mechanism for countries of the euro area and has the function of a shock absorbent; whereas non-euro area Member States are not covered by the ESM but by the Balance of Payment Facility which supports non- euro countries in difficulties or when seriously threatened with difficulties as regards its balance of payments, as laid down in Article 143 TFEU, as non-euro countries experience higher risks due to exchange rate fluctuations;
Amendment 69 #
2015/2344(INI)
Motion for a resolution
Recital E
Recital E
E. whereas it became apparent during the sovereign debt crisis that the European Treaties do not provide the euro area with the instruments to deal effectively with shocks; countries which did not comply with the fiscal rules of the Stability and Growth Pact (SGP), which did not budget responsibly but triggered large budget deficits through high spending and had postponed relevant reforms of their labour markets and public administration, were more vulnerable and could not effectively handle economic shocks; whereas it became apparent that the lack of responsibility of one Member of the euro area is a risk for the euro area as a whole, meaning that one country not adhering to the rules can affect the economy of all Member States of the Union; whereas the currency union is only as strong as its Members, which requires all participating countries to respect economic and financial rules at national level and at the same time to strengthen their economies in their own interest and in that of the whole euro area, thus guaranteeing the well-being of all citizens in the long-term, as the consequences of irresponsible policies at national level have to be borne by the Union as a whole;
Amendment 70 #
2015/2344(INI)
Motion for a resolution
Recital E
Recital E
E. whereas it became apparent during the sovereign debt crisis that the European Treaties do not provide the euro area with the instruments to deal effectively with shocks in the absence of Member States’ compliance with fiscal surveillance frameworks and structural reforms to increase competitiveness and resilience of their economies, and full labour and capital market integration, both of which play an important shock absorbing function in a monetary union;
Amendment 74 #
2015/2344(INI)
Motion for a resolution
Recital F
Recital F
F. whereas, following real convergence in the run-up to the introduction of the common currency, the euro area witnessed structural divergence between 1999 and 2009, which made the euro area as a whole less resilient to shocks; whereas regulatory adjustments and structural reforms aimed at reducing risks and improving convergence have been introduced since 2009 at both European and national level, but some euro area Member States still require solidarity and sustainable reforms in their catching- up process; re has been no process of real convergence among the countries that adopted the euro between 1999 and 2009, due to the fact that some countries did not sufficiently reform to improve their productivity and competitiveness, but increased public spending without investing in a sustainable manner; whereas the causes of structural divergence between euro area Member States were numerous: convergence of government bond yields led to an artificially low level of interest rates, which disclosed discrepancies in competitiveness between countries and eliminated incentives to reform, improve competitiveness and budget responsibly; whereas low interest rates triggered irresponsible behaviour on the part of some euro countries, which took advantage of the free rider effect of low interest rates and increased salaries and public expenditure without simultaneously increasing productivity, and therefore worsened the competitiveness of their economies; whereas not respecting and enforcing the rules of the SGP left several euro countries without fiscal margins to counter the crisis, in addition to macroeconomic imbalances accumulating inside several euro countries over decades, both being crucial elements leading to the sovereign debt crisis; whereas weak institutions, structural rigidities, weak productivity growth and insufficient policies to address asset price booms made the euro area as a whole less resilient to shocks; whereas economic mismanagement at national level was a reason for the worsening of the crisis, not the euro as a currency; whereas regulatory adjustments and structural reforms aimed at reducing risks and improving convergence have been introduced since 2009 at both European and national level, but several factors still appear crucial for ensuring real convergence in the EMU, such as macroeconomic stability, sound fiscal policy, a high degree of flexibility in product and labour markets, favourable conditions for an efficient use of capital and labour in the economy, supporting total factor productivity growth, economic integration within the euro area, and a more active use of national policy tools to prevent asset price and credit boom-bust cycles; whereas some euro area Member States still require solidarity and sustainable reforms in their catching-up process, provided by the European Union through European structural and investment funds to foster convergence in addition to the implementation of instruments during the crisis, which prevented the collapse of the economy, in an effort of securing jobs, fostering investment and growth as well as safeguarding the savings of citizens;
Amendment 88 #
2015/2344(INI)
Motion for a resolution
Recital G
Recital G
G. whereas substantial progress has been achieved in addressing the flaws ofimproving and strengthening the governance of the EMU through legislation such as the Six-Pack and the Two-Pack regulations, as well as through the introduction of the European Semester and the creation of new instruments such as the ESM, the Treaty on Stability, Coordination and Governance (TSCG) including the Fiscal Compact and the Euro-Plus Pact, thereby making the EMU more resilient against possible shocks in the future, however, these instruments cannot fulfil their function if they are not enforced;
Amendment 101 #
2015/2344(INI)
Motion for a resolution
Recital G a (new)
Recital G a (new)
Ga. whereas some Member States dramatically lack the willingness to implement the Country Specific Recommendations, given on the yearly basis by the Commission, and, hence, undermine the economic growth that the EU currently strives for;
Amendment 103 #
2015/2344(INI)
Motion for a resolution
Recital H
Recital H
H. whereas the Community method was abandonsuspended in favour of intergovernmental agreements in order to allow for rapidurgent and timely responses during the crisis; whereas this has made the European Council the leading actor in the crisis, while the European Parliament and its national counterparts have been sidelinedinstruments such as the ESM were not possible to be established inside the Treaties due to its limits given Article 125 TFEU; whereas decisions had to be taken outside the existing institutions as later confirmed by the Pringle case; whereas in the long-term all of the instruments established during the crisis and the actions being taken now to prevent future crises should be inserted within the Community framework;
Amendment 112 #
2015/2344(INI)
Motion for a resolution
Recital I
Recital I
I. whereas Member States that failed to adhere to the SGP and enforce fiscal rules at national level have lost credibility of financial markets and herewith the possibility to finance themselves and a great deal of trust has been lost in the process, both between Member States and on the part of citizens and the markets in the EU institutions and the Union as a whole;
Amendment 122 #
2015/2344(INI)
Motion for a resolution
Recital J
Recital J
J. whereas the ECJ ruled in the Pringle case that the ESM is consistent with the TFEU and opened the dodue to the limits of the Treaties no new decision powers can be conferred to the institutions of the European Union; whereas under the current framework to a possible integration of that mechanism into the acquis communautairehe EU institutions and the ESM are limited to decisions taken by the finance ministers of the euro area; whereas the European Commission is able to participate in the administrative work in relation with in the current limits of the Treatiesstruments such as the ESM; whereas the incorporation of the ESM into Community law would require Treaty change;
Amendment 140 #
2015/2344(INI)
Motion for a resolution
Subheading 1
Subheading 1
Historical background and shortcomings ofof the EMU
Amendment 141 #
2015/2344(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls that the Werner Report in 1970 highlighted the fact that a monetary unionn EMU would require all ‘the essential features of national public budgets tothe whole of the public budgets, and in particular variations in their volume, the size of balances and the methods of financing or utilizing them, will be decided at Community level’;
Amendment 146 #
2015/2344(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Recalls that the MacDougall Report in 1977 stressed that the establishment of a monetary union would require a significant Community budget amounting to 5-7 % of GDP in order to absorb economic shocks and provide a minimum degree of incomexplores the idea of a Community budget amounting to 2-2.5% of GDP in a pre-federal integration stage, with Community action taken in the areas of structural and cyclical policies, and 5-7 % of GDP at a later stage, to ensure that the benefits of closer integration favour all and that there is growing convergence in the econvergenceomic performance of Member States;
Amendment 151 #
2015/2344(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers, against this background, that shortcomings have existed in the Economic and Monetary Union (EMU) since its inception undtronger enforcement of existing fiscal rules such as the SGP, the Six-Pack and the Two-Pack is necessary, and not the transfer of more financial means; whereas the SGP is a set of rules designed to ensure that EU Member States pursue sound public finances and coordinate their fiscal policies, however, the Maastricht Treaty with the attribution of monetary policy to the European level, while budgetary policy remains within the competencies of the Member States and is only framed by provisions on light coordination of national policiesmain shortcoming is the non-implementation of existing rules as well as the underestimation of macroeconomic imbalances, which were not addressed in a sufficient and timely manner; whereas governments of euro countries are required by European economic governance rules to submit their draft budgetary plans for the following year to the European Commission by October 15 each year to ensure the coordination of fiscal and economic policies among euro countries and that EU economic governance rules are respected, but the implementation rate of the guidelines put forward by the European Commission subsequently has to be improved;
Amendment 165 #
2015/2344(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Stresses that the introduction of the euro as a common currency has eliminated tried and tested policy options for counterbalancing asymmetric shocks such as exchange rate fluctuation; reiterates that the relinquishing of autonomy over monetary policy therefore requires alternative adjustment mechanisms to cope with asymmetric macroeconomic shocks in order to make the euro zone an optimal currency area able, inter alia, to implement a proper policy mix; emphasises however that the three percent deficit rule under the enhanced Stability and Growth Pact provides sufficient fiscal space to cope with asymmetric shocks, under condition that EU Member States strictly observe the structural budgetary balance rule in the medium term;
Amendment 167 #
2015/2344(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Stresses that the introduction of the euro as a common currency has eliminated tried and tested policy options for counterbalancing asymmetric shocks such as exchange rate fluctuafluctuation risks, exchange costs as well as risks and lack of transparency in cross- border transactions; reiteratstresses that the relinquishing of autonomy over monetary policy therefore requires alternative adjustment mechbenefits of the euro are interconnected, as economic stability creates trust and credibility, reduces uncertainty for businesses and encourages companismes to cope with asymmetric macroeconomic shocks in order to make the euro zone an optimal currency area able, inter alia, to implement a proper policy mixinvest, creates more employment and better-quality jobs for citizens and allows for long-term planning of governments; stresses that the need for convergence and competitiveness are conditions for the functionality of a common currency area, since a country cannot restore its competitiveness in a sustainable manner by simply devaluating its currency;
Amendment 179 #
2015/2344(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Considers that EMU exposed its vulnerability in the context of the global financial and economic crisis when unsustainable imbalancthe causes of the sovereign debt crisis were mainly unsustainable levels of public and private debt, lack of competitiveness and proper regulation in the banking and financial sectors; underlines, triggered by capital flows fhat high levels of debt limited the space of manoeuvre for eurom core euro area nations to the periphery and a rising public spending ratio in some Member States, aggravated and led to a sovereuntries and led to an increase in financing costs, which impeded the repayment of debt at maturity; stresses that high costs of servicing debt due to high interest rates were too big of a burden given the overall debt level of some euro countries; whereas too hignh debt crisis, in which government borrowing costs dramatically increased in some Member States, jeopardising, in the absence of a proper fiscal backstop, the merelevels entail high interest rates which have to be served instead of being able to invest in growth enhancing measures, social spending, healthcare and education; whereas the causes of the crises differed in existence of thet among euro area Member States;
Amendment 195 #
2015/2344(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Points out that the crisis has proved that a common monetary policy without a common fiscal policy cannot address asymmetric shocks to the euro areaalone cannot lead to balanced growth or counter the lack of competitiveness of some euro countries, but supports cyclical recovery which facilitates the introduction of structural policies, as has repeatedly been called for by the President of the ECB; reiterates that mere coordination of national fiscal policies wi, notably throut credible enforcement mechanisms has not prevented an investment gap, has proved insufficient to trigger growth-enhancing, sustainable and socially balanced structural reforms and has not enhanced the national capacity to absorb economgh adhering to the fiscal rules such as the SGP and transposing relevant reforms as outlined in the country specific recommendations (CSRs), is necessary to boost competitiveness and structural convergence, making Member States more resilient against asymmetric shocks;
Amendment 214 #
2015/2344(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Observes that the stabilisation of the economic cycle since the beginning of the crisis has relied almost exclusively onRecalls first and foremost that the primary objective of the ECB is to maintain price stability, laid down in Article 127 (1) TFEU, and thereby contributing to the achievement of the objectives of the Union as laid down in Article 3 TEU; recalls that the ECB, and that the reduced options available for monetary policy in a context of zero lower bound rates have led the ECB to implement unconventional monetary policy measuresims at inflation rates of below, but close to, 2% over the medium term; recalls that when inflation rates dropped below 0% in December 2014, the ECB acted by introducing its asset purchase programme in 2015, in addition to fighting possible deflation and slowing growth by reducing the three key interest rates, which had the collateral effect of slightly increasing growth; stresses that the ECB pursued its mandate of price stability with the instruments defined in the Treaties to tackle weak growth and low inflation in the euro area, making use of all instruments at its disposal to steer inflation closer to 2%; recalls that the President of the ECB has called for integrated institutions, for a stronger and proactive fiscal policy on the euro area scale and for euro area Member States to deliver on structural reforms to improve the resilience and competitiveness of their economies, pursuing growth enhancing policies while at the same time pursuing fiscal consolidation and budget discipline;
Amendment 218 #
2015/2344(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Observes that in the absence of the willingness of euro area Member States’ governments to take action to rapidly consolidate their public finances and modernise their economies the stabilisation of the economic cycle since the beginning of the crisis has relied almost exclusively on the ECB, and that the reduced options available for monetary policy in a context of zero lower bound rates have led the ECB to implement unconventional monetary policy measures; recalls that the President of the ECB has called for integrated institutions, for a stronger and proactive fiscal policyfiscal surveillance framework on the euro area scale and for euro area Member States to deliver on structural reform;
Amendment 230 #
2015/2344(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Acknowledges the results achieved since the crisis broke in terms of risk reduction and better coordination; points in particular to the many measures taken by the EU institutions to address the shortcomings revealed by the crisis by strengthening coordination of national fiscal policies, in particular via the adoption of the Six-Pack and the Two-Pack Regulations; welcomes further the fact that the EU institutions have set up frameworks for action in current and future crises, namely by creating the European Financial Stability Mechanism (EFSM), the temporary European Financial Stabilisation Facility (EFSF) and its permanent successor, the European Stability Mechanism (ESM); underlines, however, that these mechanisms dramatically lack democratic oversight and parliamentarynotes that due to the constraints of the Treaties the ESM had to be established at intergovernmental level with parliamentary control primarily taking place at national level, national governments being responsible vis-à-vis their national parliaments, within the limits set by the Constitutional Court of each countrol, and hence ownership; y; stresses that in the long- term all of the established instruments shall be inserted within the Community framework in order to also ensure parliamentary control through the European Parliament;
Amendment 242 #
2015/2344(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Recalls that in 2012 the Commission introduced in its ‘Blueprint for a deep and genuine EMU’ the idea of a Convergence and Competitiveness instrument for euro area Member States,Instrument (CCI) for euro area Member States, whereby ‘the implementation of structural reforms in the euro area Member States would be facilitated by the set-up of contractual arrangements to be agreed between them and the Commission’, building on the existing EU surveillance framework and the CSRs; states further that ‘by promoting structural reforms that enhance the adjustment capacity of a Member State the CCI would improve the economy’s capacity to absorb asymmetric shocks through enhancing market functioning’; whereby euro area Member States could get financial support for ‘reform packages that are agreed and important both for the Member States and for the good functioning of the euro areaEMU’, and that this financial support ‘could be set up in principle as part of the EU budget’ and be established by secondary law on the basis of Article 136 or alternatively Article 352 TFEU and financed by either a commitment on the part of the euro area Member States or a legal obligation to that effect enshrined in the EU’s own resources legislation as ‘assigned revenues’; considers the review by the Commission of the European Semester, including the Structural Reform Support Programme (SRSP), as a follow-up to this approach; demands from the European Commission to reflect upon further measures to improve the implementation rate of CSRs, as currently only 4% of CSRs are fully implemented while nearly half of the recommendations have not been implemented at all or only in a limited manner due to the non-binding character of CSRs, and should be followed up within the European Semester;
Amendment 243 #
2015/2344(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. RecallNotes that in 2012 the Commission introduced in its ‘Blueprint for a deep and genuine EMU’ the idea of a Convergence and Competitiveness instrument for euro area Member States, whereby euro area Member States could get financial support for ‘reform packages that are agreed and important both for the Member States and for the good functioning of the euro area’, and that this financial support ‘could be set up in principle as part of the EU budget’ and be established by secondary law on the basis of Article 352 TFEU and financed by either a commitment on the part of the euro area Member States or a legal obligation to that effect enshrined in the EU’s own resources legislation as ‘assigned revenues’; considers the review by the Commission of the European Semester, including the Structural Reform Support Programme (SRSP), as a follow-up to this approach; however, points out in this context to the serious risk of moral hazard and to potentially distorted incentives, in fact encouraging Member States to wait with necessary reforms until financial support from the EU is secured; therefore, if this idea is to be implemented, strong safeguards against potential moral hazard need to be included;
Amendment 249 #
2015/2344(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Recalls the four pillars of an Economic Union of convergence, growth and jobs, set out in the Five Presidents’ Report: cthe creation of a euro area system of Completing the economic, financial and fiscal Union andtiveness Authorities, a strengthened implementation of the Macroeconomic Imbalance Procedure, a greater focus on employment and social performance, and on stronger coordination of economic policies within a revamped European Semester; recalls the content of the Five Presidents’ Report on completing the economic, financial and fiscal Union, strengthening democratic accountability, legitimacy and the institutional setting as well as the social dimension of the EMU; emphasises that this report reiterates the view set out in the Blueprint of the Commission and the Four Presidents’ Report, coordinated by then President of the European Council Mr Herman van Rompuy, that a shock absorption capacity at euro area level is needed to complement automatic stabilisers at national level, whose functioning is limited, as was shown during the crisis; ny fiscal capacity ‘should not lead to permanent transfers between countries or to transfers in one direction only, which is why converging towards Economic Union is a precondition for participation. It should also not be conceived as a way to equalise incomes between Member States’, it should further prevent moral hazard by being tightly linked to compliance with the EU governance framework, ‘be open and transparent vis-à-vis all EU Member States’, and not fulfil the function of the ESM as a crisis management instrument, but ‘improve the overall economic resilience of the EMU’;
Amendment 257 #
2015/2344(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Makes it clear that rapidfurther action is needed to ensure the sustainability of the euro; stresses that this requires strong joint efforts on the part of the EU and its Member States to complete the EMU and to restore the trust of citizens and markets; stresses that the responsibility of transposing reforms to complete the EMU lies primarily with the Member States;
Amendment 267 #
2015/2344(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. BelievStresses that in order to regain trust, the euro must deliver on its promise of stability, convergence, growth and jobs; regards a fiscal capacity as a vital element in this entthe introduction of the euro led to closer economic and monetary cooperation that allowed the internal market to develop further, for the whole European economy to perform better, bringing more jobs and greater prosperity for European citizens benefiting individuals, businesses and whole economies in the euro area, including greater choice and stable prices for consumers and citizens, greater security and more opportunities for businesses and markets, promoting trade and investment, improving economic stability and growth, more integrated financial markets and stronger priese, which can be successful only if solidarity is closely linked tnce for the EU in the global economy; underlines that the single currency brings new strengths and opportunities arising from integration and scale of the euro aresponsibilita economy, meanaking that financial support is provided on the basis of clear criteria; e single market more efficient and doing business in the euro area more cost-effective and less risky; stresses that the euro remains an attractive reserve currency for third countries and a trustworthy currency for new Member States, which was proven by the fact that, despite the economic crisis, several countries recently decided to join the euro area: Cyprus and Malta in 2008, Slovakia in 2009, Estonia in 2011, Latvia in 2014 and Lithuania in 2015;
Amendment 283 #
2015/2344(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Argues that convergence, good governance and conditionality enforced through institutions being held democratically accountable at the euro- area and national level are key, notably to preventingthe enforcement of fiscal rules, the implementation of CSRs and good governance at euro area and national level are key to pursue sound fiscal responsibility, address macroeconomic imbalances, implement structural reforms and boost investment, in addition there is a need for monitoring and evaluating transposed reforms, notably to prevent and avoid any form of permanent transfers and moral hazard;
Amendment 304 #
2015/2344(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Takes the view that incentives for sound fiscal policymaking and for addressing structural weaknesses at national level, taking into account the aggregate euro area fiscal stance, are core elements for the functioning of the euro area; considers that a fiscal capacity should, moreover, address specific concerns for the euro area in the case of absorbing shockstrengthen the resilience of the Member States' economies by increasing competitiveness;
Amendment 329 #
2015/2344(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Points out that effective stabilisation of large euro area Member States or a group of closely economically intertwined countries requires sufficient resources; more resources than a fiscal capacity could provide, thus it is too small to address shocks of this dimension and will not be able to rescue large euro area Member States, just as little as the ESM would be on its own merits; stresses that Member States are responsible for servicing their own debt and that the fiscal capacity should not have the task of rescuing euro countries in difficulties, which is explicitly forbidden by Article 125 TFEU; adds that the scope of any potential fiscal capacity should be to increase the competitiveness and resilience of an economy, therefore limit the extent of shocks that hit the economy and prevent future crises;
Amendment 346 #
2015/2344(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Considers that three different functions have to be fulfilled; argues, first, that in order to foster economic and social convergence within the euro area and to improve the economic competitiveness and resilience of the euro area, Member States’' structural reforms should be incentivised in good economic times; argues, secondly, that differences in thmore efforts have to be made to stabilise business cycle movements of euro area Member States stemming from structural differences create the need for an instrument to address asymmetric shocks; considers, thirdly, that symmetric shocks should be addressed so as to increase the resilience of the euro area as a wholeover time, since business cycle fluctuations across euro countries are highly correlated, but differ in variance, which explains why shocks in the euro area are of a more symmetric nature with differences in the boom-bust dynamics of growth rates in individual Member States, especially experienced by euro countries of the periphery; considers, thirdly, that symmetric shocks should be addressed at national level, while respecting the SGP and maintaining budgetary discipline, by making economies more competitive so as to increase the resilience of the euro area as a whole; adds that in the reform of the SGP in 2005, the European Council asked EU Member States to strengthen their domestic fiscal governance through fiscal rules and institutions at national level and further reinforced national fiscal frameworks following the adoption of the Budgetary Frameworks Directive, the Fiscal Compact and the Two-Pack;
Amendment 367 #
2015/2344(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Argues in consequence that three pillars of a fiscal capacity should be distinguished, wherein action should be undertaken in the framework of a common toolbox to address the different functions, i.e. incentivising convergence and sustainable structural reforms, absorbing asymmetric shocks, and absorbing symmetric shocks; takes note of the various proposals regarding designs put forward on this matter by politicians and academiathe current Treaties, especially considering the subsidiarity principle laid down in Article 5 TEU;
Amendment 389 #
2015/2344(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Demands that the ESM be integrated into the Union’'s legal framework and evolve towards a Community mechanism, as provided for in the ESM Treaty and as constantly requested by the European Parliament and foreseen in the Five Presidents’' report; underlines that the ECJ Pringle case-law and jurisprudence open up the possibility of bringing the ESM within the Union’s framework, within the existing Treaties, on the basis of Article 352 TFEU; calls, therefore, on the Commission to bring forward as a matter of urgency a legislative proposal to that endwith respect to the ESM Treaty concluded inter alia that the ESM does not fall within the remit of the exclusive competence of the EU over monetary policy, that the conferral of new tasks on the Commission and ECB is compatible with their powers as those do not entail any powers to make decisions of their own and that the operation of the ESM is not precluded by general principle of effective judicial protection, as EU treaties do not establish a specific competence for the EU to set up the ESM and hence this is not an implementation of EU law to which the EU Charter of Fundamental rights would be applicable; emphasises that the ECJ further ruled that stability support is only granted subject to strict conditionality and when such support 'is indispensable to safeguard the financial stability of the euro area as a whole'; demands that the ESM be made fully accountable to the European Parliament in the long-term by inserting the established instrument into the Community framework;
Amendment 417 #
2015/2344(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls for the ESM, whilst fulfilling its ongoing tasks, to be further developed and turned into a European Monetary Fund (EMF) with adequate lending and borrowing capacities and a clearly defined mandate, including its contribution to aAdds that the mandate and limitations of the ESM are clearly defined in the ruling of the ECJ Pringle case (C- 370/12) and the European Council Decision of 25 March 2011; stresses that the creation of any European Monetary Fund is not possible under the current Treaty framework; any euro area fiscal capacity; stresses that an EMF should be managed by the Commission and held democratically accountable by the European Parliament; emphasises that national parliaments would be involved in the process, given that their constitutional prerogatives regarding financial resources could be affecthould have a clear mandate, not fulfilling the same function as the ESM as a crisis instrument, and be subject to strict conditionality, with a concrete but limited funding source and amount yet to be defined;
Amendment 449 #
2015/2344(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Considers that the EFSM and the balance of payment facility should be integrated into the same budgetary chapter as the ESM once the latter is integrated into Community law, for which a Treaty change is necessary, thereby providing resources for financial assistance to countries outside the euro area but committed to joining on the basis of the agreed rules;
Amendment 450 #
2015/2344(INI)
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22a. Emphasises that the current design of the EMU foresees the prohibition of monetary financing (Article 123 TFEU), the prohibition of privileged access to financial institutions (Article 124 TFEU), the no-bail-out clause (Article 125 TFEU), the fiscal provisions to avoid excessive government deficits (Article 126 TFEU, including the excessive deficit procedure), and the Stability and Growth Pact (secondary legislation based on Articles 121 and 126 TFEU) and any fiscal capacity should be set up under the current Treaty framework;
Amendment 459 #
2015/2344(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Believes that compliance with a convergence code should be the condition for access to funding from the ESM/EMFinancial assistance from the fiscal capacity; reiterates its call on the Commission to put forward a legislative proposal to this end;
Amendment 485 #
2015/2344(INI)
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Suggests that reforms advocated in the CSRs can be incentivised through financial and technical assistance facilitated by a fiscal capacity without Treaty change and therefore be realisable in the short-term; considers that fundamental attention should be given to the CSRs, which already emphasize thoroughly the areas in need of reform, however, since the implementation rate of these measures is not satisfactory and recent reflections have not yielded to any significant tools able to improve it, the fiscal capacity could leverage the transposition of CSRs by providing positive incentives in form of financial assistance for Member States to implement reforms, especially in years of economic growth; stresses that no compensation should be granted to countries that did not pursue budgetary discipline and postponed necessary reforms; emphasizes that convergence towards the level of the most competitive countries in the euro area should be fostered through reforms that are conducive to more investment, profitable projects, productivity enhancing and have the objective of reaching full employment;
Amendment 497 #
2015/2344(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Reiterates its call for the adoption of a ‘'convergence code’', as a legal act resulting from the ordinary legislative procedure, to streamline the existing coordination of economic policies, such as the CSRs, into a more effective convergence of economic policies within the European Semester;
Amendment 507 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – introductory part
Paragraph 26 – introductory part
26. Suggests that the convergence code defines criteria to be reached within five years, building onin a realistic time frame without the need for a Treaty change, building on Articles 121 and 126 TFEU and the merits of the Maastricht criteria, and focusing for the first period on convergence requirements regarding: taking into account the CSRs as a basis; calls on the European Commission to explore and make concrete proposals on the possibilities and limits of implementing this first pillar, based on the principle of conditionality and conceivable within the current Treaty framework; suggests the following areas for reform for Member States, based on the CSRs with no or only limited progress in their transposition, which should attain further progress in their implementation through the support of a fiscal capacity on top of existing instruments; stresses that existing policies should not be replaced but complemented by a fiscal capacity in the short term:
Amendment 522 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 1
Paragraph 26 – indent 1
– taxation: base and rate of corporate taximprove the balance and fairness of the overall tax system and prepare a comprehensive tax reform that will allow shifting taxes away from labour, especially away from low-income earners, towards more growth friendly bases, simplify the tax system, fight tax evasion, close loopholes, increase VAT efficiency, broaden tax bases, reduce tax expenditures, reduce fiscal disincentives to work,
Amendment 534 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 2
Paragraph 26 – indent 2
– labour market, including minimum wages: strive for full employment, improve the functioning of the labour market by reducing financial disincentives to work, increase labour market participation, increase labour market access for disadvantaged groups such as the young and people with a migrant background, provide flexible forms of employment for elderly people, facilitate female labour market participation, improve professional mobility and address skills shortages and mismatches as well as early school leaving; strengthen partnerships of public authorities, public employment services and education institutions to provide early and tailor-made support to the young; training of personnel,
Amendment 541 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 2 a (new)
Paragraph 26 – indent 2 a (new)
– competitiveness: improve the investment climate, restore competitiveness by reforming the wage- setting system, including wage indexation, in consultation with the social partners and in accordance with national practice, ensure that wage evolutions are in line with productivity developments at sectorial and/or company levels as well as economic circumstances and to provide for effective automatic corrections when needed; strengthen competition in the retail sectors, remove excessive restrictions in services, including professional services and addressing the risk of further increases of energy distribution costs; improve the business environment, in particular for small and medium-sized enterprises, by cutting red tape, promoting e- government, streamlining insolvency procedures and implementing the legislation on late payments, improve SMEs access to bank credit and non-bank finance; improve the public procurement system by taking concrete steps for the implementation of e-procurement; enhance the quality and independence of the judiciary and step up the fight against corruption,
Amendment 542 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 2 b (new)
Paragraph 26 – indent 2 b (new)
– pension: contain future public expenditure growth relating to ageing, in particular from pensions and long-term care, by stepping up efforts to reduce the gap between the effective and statutory retirement age; promote active ageing and lifelong learning, align the retirement age to changes in life expectancy, improve the cost-effectiveness of public spending on long-term care, equalise the statutory retirement age for men and women,
Amendment 543 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 2 c (new)
Paragraph 26 – indent 2 c (new)
– health care: ensure cost effective provision of healthcare including by improving the pricing of healthcare services while linking hospitals' financing to outcomes, accelerate the optimisation of the hospital network,
Amendment 544 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 2 d (new)
Paragraph 26 – indent 2 d (new)
– public administration: balance local government revenues against devolved responsibilities, improve the efficiency of local governments and ensure the provision of quality public services at local level, especially social services complementing activation measures,
Amendment 552 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 1
Paragraph 26 – indent 3 – paragraph 1
– investment, notably in research and developmentnovation: investment in research, development, innovation, digitalisation and e-governance; promote innovation through streamlined incentive schemes and reduced administrative barriers, ;
Amendment 563 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 2
Paragraph 26 – indent 3 – paragraph 2
Amendment 593 #
2015/2344(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Is convinced that increased convergence within the euro area will significantly increase the capacity of its Member States to absorb asymmetric shocks; believes, however, that no matter how great the efforts regarding convergence and sustainable structural reforms, asymmetricshocks with an impact on the stability of the euro area as a whole cannot be ruled out completely, given the strong integration of the euro area Member States; notes, in addition, that given the economic and financial interrelation of the European economy with global markets and other economic areas, there will always be a risk that the European Union and the euro area in particular are hit by economic, often exogenous, shocks, withich can impact on the stability of the euro area as a whole cannot be ruled out completely, given the strong integration of the euro area Member States; stressesnever be fully anticipated, prevented or avoided, nor can their size be; notes that shocks affect countries differently, due to the diverse economic structures and strengths of individual countries, which cannot be made equal; stresses that no instrument or mechanism, like the ESM or any fiscal capacity, has sufficient means to stabilise the euro area as a whole in face of shocks that endanger the solvency of countries or the euro area as a whole, therefore, the need to have an instrument available best way to prepare, prevent and minimize shocks is to strengthen the economy at national level; stresses, therefore, this emergencyat introducing a fiscal capacity as a support mechanism for structural reforms which improvides an immediate stabilisation effecte the competitiveness of economies in the long-term can increase the resilience against symmetric and asymmetric shocks;
Amendment 612 #
2015/2344(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
29. Notes that the two models for the shock absorption function are featured most promshocks in the euro area are of a less asymmetric nature than assumed, but rather symmetric with a high correlation of business cycles of euro area Member States and stronger differences in the intensity of the business cycles, some countries experiencing more intently ise boom-bust cycles than othe academic literature: a Rainy Day Fund and a European Unemployment Benefit Schemers; stresses that countries with high levels of debt, high liabilities in the banking sector or countries that postponed the transposition of relevant reforms, were hit harder by the crisis and recover more slowly; concludes that in this case a European Unemployment Benefit Scheme creates at the same time an economic and a political problem, by forcing Member States in recession to transfer resources to Member States experiencing stronger recessions; notes that these developments have led to an increase of euro-sceptics and the emergence of right-wing parties in the recent past and should be avoided;
Amendment 624 #
2015/2344(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
Amendment 642 #
2015/2344(INI)
Motion for a resolution
Paragraph 31
Paragraph 31
Amendment 660 #
2015/2344(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
Amendment 679 #
2015/2344(INI)
Motion for a resolution
Paragraph 33
Paragraph 33
33. Warns that future symmetric shocks could destabilise the euro area as a whole since the currency area is not endowed with the instruments to cope with anotherif Member States do not adhere to the SGP and only make limited progress in transposing the CSRs; notes that since the crisis of 2009, the European Union has introduced several new instruments in order to increase resilience against possible crisies of the extent of the previous one; is convinced that the right instrument to deal with symmetric shocks depends on the nature of the shockin the future, notably the ESM, the Six-Pack, the Two-Pack, the Fiscal Compact, the Euro-Plus Pact, launched the Banking Union and introduced the Bank Recovery and Resolution Directive (BRRD) to further complete the EMU; is further convinced that symmetric shocks should be addressed at national level, while respecting the SGP and maintaining budgetary discipline; recalls that the EMFfiscal capacity should be used as an appropriate financial resource; to incentivise structural reforms;
Amendment 694 #
2015/2344(INI)
Motion for a resolution
Paragraph 34
Paragraph 34
34. Considers that in the case of symmetric shocks brought about by a lack of internal demand, monetary policy alone cannot reignite the economy, particularly in a context of zero lower boundon these grounds the President of the ECB has repeatedly demanded from Member States to complement monetary policy by implementing structural reforms; is therefore convinced that public and private investment must be increased, the administrative burden reduced and a proper regulatory framework developed, with a view to stimulating potential growth; considers that the European Fund for Strategic Investments (EFSI) launched by the European Investment Group and the European Commission already constitutes an initiative at European level to overcome the current investment gap in the European Union by mobilising private financing for strategic investments reduced and thereby reaching the objective of growth and more jobs in the European Union;
Amendment 709 #
2015/2344(INI)
Motion for a resolution
Paragraph 35
Paragraph 35
35. Considers that symmetric shocks that are caused by a lack of supply must be diminished by improving the competitiveness of the euro area via appropriate financial incentives, including via the financing of professional training or financial incentives for R&D spending, Member States should be further incentivised to increase public and private investment in R&D and innovation, also in light of accomplishing the goals set out in the Europe 2020 strategy;
Amendment 737 #
2015/2344(INI)
Motion for a resolution
Paragraph 37
Paragraph 37
Amendment 807 #
2015/2344(INI)
Motion for a resolution
Paragraph 42
Paragraph 42
42. Considers that those non-euro countries that do not have an opt-out will eventually become part of the EMU and therefore may join the governance framework on a voluntary basis with a special statuEmphasizes that the seven EU Member States that do not have an opt-out or opt-in from joining the common currency, but are bound to join the euro area by their Treaties of Accession to the European Union, should have full rights of participating in the governance structure of any fiscal capacity, be able to contribute and benefit financially, receive technical and financial assistance in transposing needed structural reforms in their countries, thereby making their economies more competitive especially vis-à-vis current euro area Member States, increasing resilience, thus ensuring the sound transition into the euro area and avoid economic and financial crises in the future by fostering a stronger euro area with stronger Member States;
Amendment 825 #
2015/2344(INI)
Motion for a resolution
Paragraph 43
Paragraph 43
43. Acknowledges that the current political climate characterised by deep inequality, mistrust and uncertainty is not conducive to proper reformsis not yet conducive to achieve and complete the EMU; believes, therefore, that a comprehensive roadmap, including clear milestones within an agreed timetable and taking into account the political situation, as laid out in the Five Presidents' Report, should be urgently adopted with a clear commitment by euro area Heads of State and Government to achieving a genuine and complete EMU;
Amendment 8 #
2015/2285(INI)
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses that a stronger link should be established between the implementation of the country-specific recommendations and the European Structural and Investment Funds in order to increase the effectiveness of EU spending in the Member States and to support structural reform efforts, thereby making the countries less vulnerable to crises;
Amendment 29 #
2015/2285(INI)
Draft opinion
Paragraph 5
Paragraph 5
5. Urges that the euro area have its own budget in order tomoves forward with measures to deepen the budgetary integration of the EMU with a view to ensuring fiscal discipline and counteracting asymmetric shocks and reward reform efforts; believes the European Sby supporting national reform efforts; stresses that any instrument or governance structure estability Mechanism to be a prototype of such a toshed to this end must be fully integrated into the Treaties and subjected to democratic control; calls for budgetary policy and monetary policy to be brought into a policy mix to boost growth and job creation.
Amendment 2 #
2015/2127(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes the launch of the European Fund for Strategic Investments and urges the EIB to ensure the additionality of its financing operations over ongoing EU programmes and traditional EIB activities; is worried that many projects selected during the warehousing phase would have found access to financing under normal conditions and do not meet the additionality requirement; recalls that the EFSI guarantee was meant to enable the EIB to take more risks and to move away fromwhile maintaining its triple-A-rating mantra; warn; stresses that it will be extremely vigilant in monitoring compliance with this criterion;
Amendment 9 #
2015/2127(INI)
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Emphasises that SMEs are the backbone of the European economy and should remain the principal target of the EIB lending activities by enforcing instruments such as the SME Trade Finance Facility or tailor-made financial solutions such as the InnovFin SME Guarantee Facility;
Amendment 10 #
2015/2127(INI)
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Stresses the importance of avoiding geographical imbalances in EIB's lending activity so as to ensure a broader geographical and sectorial allocation;
Amendment 15 #
2015/2127(INI)
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls in this respect to enhance the EIB's external mandate in order to respond to the current challenges which the EU is facing; stresses the importance of EIB's financing activities in the Eastern and Southern Neighbourhood; recalls that the main financing activities should also aim at addressing both urgent needs and longer term challenges such as rebuilding infrastructure, ensuring adequate housing and emergency response infrastructure and combating youth unemployment;
Amendment 16 #
2015/2127(INI)
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Encourages the EIB to strengthen its activities so as to help address the external dimension and root causes of the current refugee and migration crisis; calls on the EIB in this respect to focus its activities in supporting investment needs in urban, health, educational and social infrastructure, stimulating economic activities that create new job opportunities and promoting cross-border cooperation between Member States and third countries ;
Amendment 4 #
2015/2121(BUD)
Draft opinion
Paragraph 2
Paragraph 2
2. Notes the extra amounts proposed for Frontex, especially for Triton and Poseidon operations; insists that saving lives at seatargeted surveillance for early detection of migrants and significant contribution to SAR reaction capacity should be thea primary focus of those operations;
Amendment 8 #
2015/2121(BUD)
Draft opinion
Paragraph 3
Paragraph 3
3. CWelcomes the increased funding for the European operations Triton and Poseidon; recalls that contributions to SAR should be a priority; calls for clarification of the costs of Triton given the diverging figures in the 2014 budget (EUR 3 100 000 per month) and in DAB 5/2015 to triple the budget of Triton (EUR 1 125 000 EUR per month); calls on the Commission and Frontex to provide reliable, comprehensive and regularly updated data on the costs of Triton and Poseidon operations;
Amendment 10 #
2015/2121(BUD)
Draft opinion
Paragraph 3 a new
Paragraph 3 a new
3a. Is deeply concerned by the limited increase of the staffing level of European Asylum Support Office (EASO) and European Police Office (Europol) in Draft Amending Budget No 5/2015 which does not cover the real needs of these two agencies and will not allow for the full implementation of their mandate; draws the attention to the importance and necessity of an adequate increase of the budget and staff levels of EASO and Europol corresponding to the increased workload of both agencies in order to respond to the new challenges in the field of migration and in the fight against terrorism and organised crime; underlines the need to ensure at least an appropriate budget and level of staffing of the two agencies in the 2016 budget;
Amendment 11 #
2015/2121(BUD)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Is deeply concerned by the limited increase in the staffing level of the European Asylum Support Office (EASO) and the European Police Office (Europol) in Draft Amending Budget No 5/2015 that does not cover the real needs of those two agencies and will not allow for the full implementation of their mandate; draws attention to the importance and necessity of an adequate increase in the budget and staffing levels of EASO and Europol, corresponding to the increased workload of both Agencies in order to respond to the new challenges in the field of migration and in the fight against terrorism and organised crime; underlines the need to ensure at least an appropriate budget and level of staffing of the two agencies in the 2016 Budget;
Amendment 5 #
2015/2088(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Urges the Member States to implement urgentimmediate structural reforms of vocational education and training (VET), including apprenticeships and internships that includecontain a strong work-based learning component, in order to facilitate school-to- work transitionsimprove the employability, professional and life skills of individuals and contribute to the competitiveness of the European economy;
Amendment 14 #
2015/2088(INI)
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Encourages Member States to adopt long-term policies through effective investment, increased cooperation and strategic partnerships in order to promote innovation, competitiveness and excellence in VET;
Amendment 15 #
2015/2088(INI)
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Points to Erasmus+ as a key instrument for ensuring the quality of vocational education and training across the EU and encourages international exchanges for the purposes of professional training;
Amendment 20 #
2015/2088(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses the need to introduce or to further develop dual VET systems in order to facilitate the acquisition of core employability and job-specific skills, while ensuring quality control and guidance by public institutions over its general content, implementation, assessment and certification procedure;
Amendment 34 #
2015/2088(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Emphasises the importance of addressing skills shortages and mismatches by facilitating the mobility of learners in VET, through a better use of tools such as the European Qualifications Framework, the European Skills Passport, the Youth Guarantee and, the European Credit System for Vocational Education and Training and the European Quality Assurance in Vocational Education and Training (EQAVET);
Amendment 59 #
2015/2088(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that individual skills development is one of the key elements of integrated employment and social policies;
Amendment 69 #
2015/2088(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Recalls that the involvement of young people, social partners and other relevant stakeholders and organisations in the development, implementation, monitoring and evaluation of relevant initiatives aimed at supporting youth employment at EU, national and local level is of the highest importance;
Amendment 69 #
2015/2088(INI)
Draft opinion
Paragraph 5
Paragraph 5
5. Encourages the Member States to incorporate new technologies in the learning process and to intensify ICT training at all levels of education, while also building a better technological base in schools and universities and providing the necessary infrastructure;
Amendment 83 #
2015/2088(INI)
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Encourages the integration of new teaching and training methods, developed by teachers in response to the specific needs of the class.
Amendment 107 #
2015/2088(INI)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls on the Member States to examine best practices of school-career guidance system where pupils are monitored from an early school stage to the first steps on the labour market;
Amendment 119 #
2015/2088(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Stresses the key role of enterprises, including SMEs and micro-enterprises, in job creation; stresses the need to provide education for entrepreneurship more predominantly on every level, including pre-school education, by including in curricula the development in a safe environment (through games, simulations and youth projects) of the practical skills needed in starting and managing businesses;
Amendment 136 #
2015/2088(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Calls for the removal of administrative and financial barriers to starting and managing businesses through the simplification of procedures, easier access for start-ups to credit and microfinance, multidisciplinary tailor-made counselling, peer-to-peer evaluation platforms, introduction of incentive measures for entrepreneurs employing young people; underlines the importance of microfinance and the EU Employment and Social Innovation (EaSI) programme, as well as the Investment Plan for Europe, for achieving these goals;
Amendment 1 #
2015/2020(BUD)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Stresses the need for an efficient and coordinated approach at Union level in order to reverse the decrease in competitiveness of the Union’s steel sector; emphasises the need for proper and targeted investments with the aim of ensuring innovation as the main driver for global competitiveness of the Union’s steel sector and a guarantee of keeping the jobs in Europe;
Amendment 2 #
2015/2020(BUD)
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Notes the progress report on the implementation of the Commission Communication Action Plan for a competitive and sustainable steel industry in Europe of 11 June 2013 which concludes that half of the actions foreseen in the Communication have been implemented; stresses the need to ensure a proper implementation of the actions concerned in order to achieve tangible results which will lead to the relaunch of the Union’s steel sector;
Amendment 3 #
2015/2020(BUD)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Notes that the coordinated package of personalised services to be co-funded covers three main areas: redeployment, training and retraining and promotion of entrepreneurship; stresses the importance of ensuring that the retraining services are performed in accordance with the actual needs of the labour market in the region concerned;
Amendment 1 #
2015/2017(BUD)
Motion for a resolution
Recital D
Recital D
Amendment 2 #
2015/2017(BUD)
Motion for a resolution
Recital E
Recital E
E. welcomes the extension of the objectives and criteria of the EGF Regulation introduced in December 2013, in order to integrate and facilitate applications from regions and countries with a smaller demographic density; deeply regrets that this has an exceptional character and is limited to a threshold of a maximum of 15 % of the maximum annual amount of the EGF, while these regions are suffering a much higher impact of the global social, economic and financial crisis,
Amendment 3 #
2015/2017(BUD)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Agrees with the Commission decision that the application for EGF financial contribution on 19 December 2013 submitted by Belgium is entitled to a financial contribution under Article 2(c), which requires exceptional circumstances to be demonstrated, despite the fact that the conditions set out in Articles 2(a) and 2(b) of the EGF Regulation are not met; underlines however that invoking Article 2(c) should be assessed on a case-by-case situation and should not become a prerequisite for the mobilisation of the EGF when basic conditions are not met;
Amendment 4 #
2015/2017(BUD)
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Stresses that the EGF is a special instrument that allows the Union to react to specified unforeseen circumstances and should maintain its main purpose, that is to provide support in case where, during a reference period, a large number of workers (minimum 500) are made redundant as a result of major structural changes in world trade patterns due to globalisation and global financial and economic crises; stresses that the EGF must not become a substitute for other European Structural and Investment Funds, such as the European Social Fund, and must be used to complement such funds; emphasises that the exceptional circumstances which allow for the mobilisation of the EGF must not divert from the above-mentioned scope;
Amendment 5 #
2015/2017(BUD)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Notes that the Belgian authorities submitted the application for EGF financial contribution on 19 December 2013 under Regulation (EC) No 1927/2006, which does not cap the time for instruction and that its assessment was made available by the Commission on 21 January 2014; regrets the insufficient information given in respect of the exceptional circumstances invoked; underlines that such exceptional circumstances must be duly assessed in order to obtain a derogation from the conditions set out in Articles 2(a) and 2(b) of the EGF Regulation;
Amendment 6 #
2015/2017(BUD)
Motion for a resolution
Paragraph 5
Paragraph 5
Amendment 8 #
2015/2017(BUD)
Motion for a resolution
Paragraph 6
Paragraph 6
Amendment 11 #
2015/2017(BUD)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that the coordinated package of personalised services to be co-funded includes the following measures for the reintegration of the 2507 redundant workers into employment (grouped by category): (1) individual job-search assistance, case management and general information services, (2) training and retraining and (3) promotion of entrepreneurship;
Amendment 1 #
2015/2013(BUD)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Draws attention to the fact that the decision to transfer most of the unused appropriations from 2014 to 2015 may require a flexible approach from the Commission in order to address possible difficulties resulting from an uneven financial profile, which could lead to unused commitments in the period 2014- 2020; calls on the Commission to propose adequate measures, in case such a situation might arise, based on similar past experience that took into account the late approval of programmes;
Amendment 1 #
2015/2011(BUD)
Motion for a resolution
Recital C
Recital C
C. whereas the Commission intends to offset the reduction for ITER by an equivalent increase over the period 2018- 2020, which will not be the case for Horizon 2020 and CEF;
Amendment 2 #
2015/2011(BUD)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the dedication of all institutions to find an agreement on the EFSI in due time to allow forat a speedy agreement on the EFSI was made possible due to the determination of all institutions to ensure its launch as quickly as possible;
Amendment 5 #
2015/2011(BUD)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the fact that an additional EUR 1 billion compared to the initial Commission proposal will be financed through the Global MFF margin for commitments, stemming from margins left available in the 2014 and 2015 budgets, thus reducing the redeployment from CEF and Horizon 2020; recalls that, according to Article 14 of the MFF Regulation, resources under the Global MFF Margin for commitments will only be made available as of 2016;
Amendment 3 #
2015/2008(BUD)
Motion for a resolution
Recital A
Recital A
A. whereas the EU budget is predominantly an investment budget with a strong leverage effect and a catalyst for growth, competitiveness and jobs across the Union; whereas it facilitates the implementation of programmes and projects that would otherwise be difficult or impossible and ensures strategic investment in actions with European added value by pooling resources and allowing for economies of scale; whereas the EU budget has a tangible positive impact on citizens’ lives; whereas the EU Budget has a crucial role in reducing discrepancies between Europe's regions and ensuring investments in areas where they are most needed;
Amendment 96 #
2015/2008(BUD)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Calls for the full implementation of the joint statements on payment appropriations and on a payment plan agreed between Parliament, the Council and the Commission at the end of the 2015 budgetary procedure; recalls the commitment to hold, in the course of this year, at least three interinstitutional meetings on payments, in order to take stock of payment implementation and revised forecasts; expects the first of these meetings, in March 2015, to provide a first overview of the level of unpaid bills at the end of 2014 for the main policy areas; regrets that, as anticipated, this level reached at the end of 2014 the unprecedented amount of EUR 24.7 billion for 2007-2013 Cohesion programmes; stresses that payments are a logical consequence of past commitments;
Amendment 101 #
2015/2008(BUD)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Reiterates its long-standing position that the payments of special instruments (Flexibility Instruments, the EU Solidarity Fund, the European Globalisation Adjustment Fund and the Emergency Aid Reserve) should be counted over and above the MFF ceilings, as is the case for commitments; regrets that no agreement was made possible during last year’s budgetary procedure due to the Council’s interpretation of the relevant MFF provision; stresses that Council's position on the matter may imply a further reduction of the MFF compared to the period 2007-2013; expects the matter to be settled with the 2015 technical adjustment of the Global Margin for Payments by the Commission;
Amendment 110 #
2015/2008(BUD)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls on the Council, in its consideration of next year’s budget, to abandon the use of double standards and live up to the expectations raised by its own statements and decisions, whether they relate to the MFF, the Europe 2020 strategy or the relaunch of investment; considers that such political declarations and commitments are void unless coupled with sufficient budgetary resources to allow their implementation;
Amendment 116 #
2015/0270(COD)
Proposal for a regulation
Recital 5
Recital 5
(5) In June 2015, the Five Presidents Report on Completing Europe’s Economic and Monetary Union pointed out that a single banking system can only be truly single if confidence in the safety of bank deposits is the same irrespective of the Member State in which a bank operates. This requires single bank supervision, single bank resolution and single deposit insurance. The Five Presidents report therefore proposed to complete the Banking Union by establishing a European Deposit Insurance Scheme (EDIS), the third pillar of a fully-fledged Banking Union alongside bank supervision and resolution. Concrete steps in that direction should already be taken as a priority, with a re-insurance system at the European level for the national deposit guarantee schemes as a first step towards a fully mutualised approach. The scope of this reinsurance system should coincide with that of the SSM.
Amendment 136 #
2015/0270(COD)
Proposal for a regulation
Recital 8
Recital 8
(8) Although Directive 2014/49/EU significantly improves the capacity of national schemes to compensate depositors, more efficient deposit guarantee arrangements are needed at the level of the Banking Union to ensure sufficient financial means to underpin the confidence of all depositors and thereby safeguard financial stability. EDIS would increase the resilience of the Banking Union against future crises by sharing risk more widely and would offer equal protection for insured depositors, supporting the proper functioning of the internal market.
Amendment 168 #
2015/0270(COD)
Proposal for a regulation
Recital 17
Recital 17
(17) EDIS shcould progressively evolve from a reinsurance scheme into an fully mutualised co-insurance scheme over a number of years. In the context of efforts to deepen the EMU, together with the work on the establishment of bridge- financing arrangements for the Single Resolution Fund (SRF) and on developing a common fiscal backstop, this step is necessary to reduce the bank/sovereign links in individual Member States by means of steps towards risk sharing among all the Member States in the Banking Union, and thereby to reinforce the Banking Union in achieving its key objective. However, such risk sharing implied by steps to reinforce Banking Union must proceed in parallel with risk reducing measurt is necessary to reduce the bank/sovereign links in individual Member States to reinforce the Banking Union in achieving its key objective of creating a safer and sounder financial sector for the single market. A first step is the introduction of risk reducing measures in individual Member States designed to break the bank- sovereign link more directly.
Amendment 178 #
2015/0270(COD)
Proposal for a regulation
Recital 18
Recital 18
(18) EDIS should be established in three sequential stages, firststarting with a reinsurance scheme that covers a gradually increasing share of the liquidity shortfall and of the excess losses of participating DGSs, followed by a co- n insurance scheme that covers a gradually increasing share of the liquidity shortfall and losses of participating DGSs and eventually resulting in a full insurance scheme that covers all liquidity needs andexcess losses of participating deposit guarantee schemeDGSs.
Amendment 193 #
2015/0270(COD)
Proposal for a regulation
Recital 20
Recital 20
Amendment 204 #
2015/0270(COD)
Proposal for a regulation
Recital 21
Recital 21
Amendment 213 #
2015/0270(COD)
Proposal for a regulation
Recital 22
Recital 22
(22) Safeguards should be built into EDIS so as to limit moral hazard risk to a minimum and to ensure that the coverage by EDIS is only provided where nationals DGSs act in a prudent and responsible manner. Firstly, national DGSs should comply with their obligations under this Regulation, the Directive 2014/49/EU and other relevant EU law, in particular their obligation to build up their funds in accordance with Article 10 of Directive 2014/49/EU as further specified in this Regulation. In order to benefit from coverage by EDIS, participating DGSs need to raise ex-ante contributions in accordance with a precise funding path. This also implies that the possibility of a target level reduction in accordance with Article 10(6) of Directive 2014/49/EU is no longer available if the DGS wants to benefit from EDIS. Secondly, in case of a pay-out event or where its funds are used in resolution, a national DGS should bear a fair share of the loss themselves. It should therefore be required to collect ex-post contributions from its members to replenish its fund and to repay EDIS to the extent that the initially received funding exceeds the share of loss to be borne by EDIS. Thirdly, following a pay- out event, the national DGS should maximise the proceeds from the insolvency estate and repay the Board and the Board should have sufficient powers to safeguards its rights. Fourthly, the Board should have the powers to recover all or part of funding in case of a participating DGS did not comply with key obligations.
Amendment 222 #
2015/0270(COD)
Proposal for a regulation
Recital 23
Recital 23
(23) The Deposit Insurance Fund is an essential element without which the progressive establishment of EDIS could not be achieved. Different national systems of funding alone would not provide for homogenous deposit insurance across the Banking Union. Throughout the threedifferent stages, the Deposit Insurance Fund should help ensuring the stabilising role of DGSs, a uniform high level of protection to all depositors in a harmonised framework throughout the Union and avoiding the creation of obstacles for the exercise of fundamental freedoms or the distortion of competition in the internal market due to different levels of protection at national level.
Amendment 226 #
2015/0270(COD)
Proposal for a regulation
Recital 24
Recital 24
(24) The Deposit Insurance Fund should be financed by direct contributions from bankparticipating DGSs. Decisions taken within the EDIS, requiring the use of the Deposit Insurance Fund or of a national deposit guarantee scheme should not impinge on the fiscal responsibilities of the Member States. In that regard, only extraordinary public financial support should be considered to be an impingement on the budgetary sovereignty and fiscal responsibilities of the Member States.
Amendment 230 #
2015/0270(COD)
Proposal for a regulation
Recital 25
Recital 25
(25) This Regulation establishes the modalities for the use of the Deposit Insurance Fund and the general criteria to determine the fixing and calculation of ex ante and ex post contributions and lays down the powers of the Board for using and managing the Deposit Insurance Fund.
Amendment 238 #
2015/0270(COD)
Proposal for a regulation
Recital 26
Recital 26
(26) Contributions would be directly levied on bankparticipating DGSs to finance the Deposit Insurance Fund. The Board would collect the contributions and administer the Deposit Insurance Fund, while national DGSs would continue to collect national contributions and administer national funds. In order to ensure fair and harmonised contributions for participating bankDGSs and provide incentives to operate under a model which presents less risk, both contributions to EDIS and to national DGS should be calculated on the basis of covered deposits and a risk-adjustment factor per bank. During the re-insurance periodparticipating DGS. During the different stages of EDIS, the risk- adjustment factor should consider the degree of risk incurred by a bank relative to all other banks affiliated to the same participating DGS. Once the stage of co-insurance is reached, the risk- adjustment factor should consider the degree of risk incurred by a bank relative to all other bankparticipating DGS and its affiliated credit institutions relative to all other participating DGSs and their affiliated credit institutions established in the participating Member States. This would ensure that, overall, EDIS is cost-neutral for banks and national DGSs and avoid any redistribution of contributions during the build-up phase of the Deposit Insurance Fund.
Amendment 243 #
2015/0270(COD)
Proposal for a regulation
Recital 27
Recital 27
(27) In principle, contributions should be collected from the industry prior to, and independently of, any deposit insurance action. When prior funding is insufficient to cover the losses or costs incurred by the use of the Deposit Insurance Fund, additional contributions should be collected to bear the additional cost or loss. Moreover, the Deposit Insurance Funthe Board should be able to contract borrowings or other forms of support from credit institutions, financial institutions or other third parties in the event that the ex- ante and ex post contributions are not immediately accessible or do not cover the expenses incurred by the use of the Deposit Insurance Fund in relation to deposit insurance actions.
Amendment 249 #
2015/0270(COD)
Proposal for a regulation
Recital 28
Recital 28
(28) In order to reach a critical mass and to avoid pro-cyclical effects which would arise if the Deposit Insurance Fund had to rely solely on ex post contributions in a systemic crisis, it is indispensable that the ex-ante available financial means of the Deposit Insurance Fund amount at least to a certain minimum target level.
Amendment 280 #
2015/0270(COD)
Proposal for a regulation
Recital 46
Recital 46
(46) In order for EDIS to function in an effective manner as of [….]1 January 2019, the provisions concerning the payment of contributions to the Deposit Insurance Fund, the establishment of all the relevant procedures and any other operational and institutional aspects should apply from XX3 July 2017.
Amendment 291 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – introductory part
Article 1 – paragraph 2 – subparagraph 1 – introductory part
2. In addition, this Regulation establishes a European Deposit Insurance Scheme ('EDIS') in three successive stages:
Amendment 302 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – indent 2
Article 1 – paragraph 2 – subparagraph 1 – indent 2
Amendment 307 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 806/2014
Article 1 – paragraph 2 – subparagraph 1 – indent 3
Article 1 – paragraph 2 – subparagraph 1 – indent 3
Amendment 361 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41a – paragraph 1
Article 41a – paragraph 1
1. As from the date of application set out in Article 99(5a), participating DGSs are reinsured by EDIS in accordance with this Chapter for a minimum period of threfive years (‘reinsurance period’).
Amendment 377 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41a – paragraph 3
Article 41a – paragraph 3
Amendment 386 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41a – paragraph 4
Article 41a – paragraph 4
Amendment 390 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41b – paragraph 1 – point b
Article 41b – paragraph 1 – point b
Amendment 398 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41c
Article 41c
Amendment 405 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Part IIa – title I – chapter 2
Part IIa – title I – chapter 2
Amendment 431 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Part IIa – title I – chapter 3 – title
Part IIa – title I – chapter 3 – title
Full insurance Insurance
Amendment 434 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41h – title
Article 41h – title
Funding and loss cover Liquidity support and excess loss cover
Amendment 436 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41h – paragraph 1
Article 41h – paragraph 1
Amendment 477 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41j – paragraph 1
Article 41j – paragraph 1
Amendment 512 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41 1 – paragraph 2 – point c
Article 41 1 – paragraph 2 – point c
Amendment 516 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41 m – paragraph 2
Article 41 m – paragraph 2
Amendment 540 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41 o – paragraph 3
Article 41 o – paragraph 3
Amendment 614 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 b – paragraph 2
Article 74 b – paragraph 2
Amendment 622 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 b – paragraph 3
Article 74 b – paragraph 3
Amendment 627 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 b – paragraph 4
Article 74 b – paragraph 4
Amendment 633 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 b – paragraph 5
Article 74 b – paragraph 5
Amendment 638 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 1
Article 74 c – paragraph 1
1. Each year during the reinsurance and co-insurance period, the Board shall, after consulting the ECB and the national competent authority and in close cooperation with the participating DGSs and designated authorities, determine for each participating DGS the total amount of ex-ante contributions that it may claim from the credit institutions affiliated to the respective participating DGS in order to reach the target levels provided for in Article 74b. The total amount of contributions shall not exceed the target levels provided for in Article 74b (1) and (2).
Amendment 644 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 2
Article 74 c – paragraph 2
Amendment 664 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 4
Article 74 c – paragraph 4
Amendment 682 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 c – paragraph 5 – subparagraph 3
Article 74 c – paragraph 5 – subparagraph 3
Amendment 722 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 d
Article 74 d
Amendment 734 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 f – paragraph 1 – point b
Article 74 f – paragraph 1 – point b
Amendment 740 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 g – paragraph 1
Article 74 g – paragraph 1
1. The Board may contract for the DIF borrowings or other forms of support from institutions, financial institutions or other third parties, which offer better financial terms, at the most appropriate time so as to optimise the cost of funding and preserve its reputation. The proceeds of such borrowings shall be used exclusively to meet payment obligations towards participating DGSs, in the event that the amounts raised in accordance with Articles 74c and 74d are not immediately accessible or do not cover the amounts claimed from the DIF in relation to payout events.
Amendment 5 #
2015/0026(COD)
Proposal for a regulation
Recital 4
Recital 4
(4) To ensure that the additional initial pre- financing amount is used for the immediate implementation of the YEI, it should be foreseen that this amount is reimbursed to the Commission, if the Union contribution from the YEI does not amount to an adequate level in interim payment applications submitted to the Commission 12 months after the entry into force of this Regulation. The Commission should provide the European Parliament and the Council with detailed quarterly information on the implementation of the YEI, including the state of execution of the intermediary payments and submission of payment applications.
Amendment 173 #
2015/0009(COD)
Proposal for a regulation
Recital 10
Recital 10
(10) The purpose of the EFSI should be to help resolve the difficulties in financing and implementing productive investments in the Union and to ensure increased access to financing. It is intended that increased access to financing should be of particular benefit to small and medium enterprises. It is also appropriate to extend the benefit of such increased access to financing to mid- cap companies, which are companies having up to 3000 employees. Overcoming Europe's current investment difficulties and reducing regional disparities should contribute to strengthening the Union's economic, social and territorial cohesion.
Amendment 202 #
2015/0009(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments with high economic and societal value added contributing to achieving Union policy objectives in synergy and additionality with existing EU operations, including the 2014-2020 cohesion policy. The EFSI should improve the competitiveness of the European enterprises through enhancing the access to funding, supporting innovation and research, and lead to the enhancement of the regulatory environment.
Amendment 266 #
2015/0009(COD)
Proposal for a regulation
Recital 14
Recital 14
(14) The EFSI should target projects delivering high societal and economic value. In particular, the EFSI should target projects that promocreate job creations, long- term growth, innovation and competitiveness. The EFSI should support a wide range of financial products, including equity, debt or guarantees, to best accommodate the needs of the individual project. This wide range of products should allow the EFSI to adapt to market needs whilst encouraging private investment in the projects. The EFSI should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money. The requirement for consistency with State aid principles should contribute to such effective and strategic use.
Amendment 371 #
2015/0009(COD)
Proposal for a regulation
Recital 19
Recital 19
(19) In order to allow for further increase in its resources, participation in the EFSI should be open to third parties, including Member States, national promotional banks or public agencies owned or controlled by Member States, private sector entities and entities outside the Union subject to the consent of existing contributors. Third parties may contribute directly to the EFSI and take part in the EFSI governance structure.
Amendment 431 #
2015/0009(COD)
Proposal for a regulation
Recital 25
Recital 25
(25) The EIB should regularly evaluate activities supported by the EFSI with a view to assessing their relevance, performance, additionality to EU funding instruments, value added and impact and to identifying aspects that could improve future activities. Such evaluations should contribute to accountability and analysis of sustainability.
Amendment 449 #
2015/0009(COD)
Proposal for a regulation
Recital 26
Recital 26
(26) Alongside the financing operations that will be conducted through the EFSI, a European Investment Advisory Hub ('EIAH') should be created. The EIAH should provide strengthened supportdecentralised on the ground and strengthened technical assistance for project development and preparation across the Union, by building on the expertise of the Commission, the EIB, national promotional banks and the managing authorities of the European Structural and Investment Funds. This should establish a single point of entry for questions related to technical assistance for investments within the Union. EIAH should add value to and coordinate with existing technical assistance facilities.
Amendment 702 #
2015/0009(COD)
Proposal for a regulation
Article 2 – paragraph 2 – subparagraph 1
Article 2 – paragraph 2 – subparagraph 1
The EFSI Agreement shall provide for the creation of a European Investment Advisory Hub ('EIAH') within the EIB. The EIAH shall have as its objective to build upon existing EIB and Commission advisory services in order to provide decentralised on the ground advisory support for investment project identification, preparation and development and act as a single technical advisory hub for project financing within the Union. This shall include support on the use of technical assistance for project structuring, use of innovative financial instruments, use of public-private partnerships and advice, as appropriate, on relevant issues of EU legislation.
Amendment 716 #
2015/0009(COD)
Proposal for a regulation
Article 2 – paragraph 2 – subparagraph 2
Article 2 – paragraph 2 – subparagraph 2
To meet that objective, the EIAH shall use the expertise of the EIB and its existing technical assistance facilities, the Commission, national promotional banks and the managing authorities of the European Structural and Investment Funds.
Amendment 781 #
2015/0009(COD)
Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1
Article 3 – paragraph 2 – subparagraph 1
Amendment 794 #
2015/0009(COD)
Proposal for a regulation
Article 3 – paragraph 3 – subparagraph 1
Article 3 – paragraph 3 – subparagraph 1
Amendment 892 #
2015/0009(COD)
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
The Union shall provide an irrevocable and unconditional guarantee to the EIB for financing or investment operations carried out within the Union, including cross-border cooperation between a Member State and a third country, covered by this Regulation ('EU guarantee'). The EU guarantee shall be granted as a guarantee on demand in respect of instruments referred to in Article 6.
Amendment 924 #
2015/0009(COD)
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – introductory part
Article 5 – paragraph 2 – subparagraph 1 – introductory part
The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 3(5) or funding to the EIF in order to conduct EIB financing and investment operations in accordance with Article 7(2). The operations concerned shall be consistent with Union policies and supportcontribute to recovering EU's economic convergence, be consistent with Union policies and ensure additionality to existing EU funding through any of the following general objectives:
Amendment 1027 #
2015/0009(COD)
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2
Article 5 – paragraph 2 – subparagraph 2
In addition, the EU guarantee shall be granted to the EIB for support of dedicated investment platforms and national promotional banks, via the EIB and other similar structures, that invest in operations meeting the requirements of this Regulation after approval by the Investment Committee referred to in Article 3(5). In that case, the Steering Board shall specify policies, in accordance with Article 3(1), regarding eligible investment platforms.
Amendment 1050 #
2015/0009(COD)
Proposal for a regulation
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
Amendment 1056 #
2015/0009(COD)
Proposal for a regulation
Article 5 – paragraph 2 b (new)
Article 5 – paragraph 2 b (new)
2b. Acknowledging that projects of any size can bring the European economy forward, there shall be no restrictions on the size of projects to be targeted by the EFSI. The investment guidelines will define qualitative and, where possible, quantitative indicators in order to assess whether a project complies to the above- mentioned criteria. Quantitative indicators will include economic and social indicators.
Amendment 1181 #
2015/0009(COD)
Proposal for a regulation
Article 8 – paragraph 9 a (new)
Article 8 – paragraph 9 a (new)
9a. The EFSI Agreement shall provide for the creation of a European Investment Advisory Hub ('EIAH') within the EIB. The EIAH shall have as its objective to build upon existing EIB and Commission advisory services in order to provide advisory support for investment project identification, preparation and development, and to act as a single technical advisory hub for project financing within the Union. This shall include providing support on the use of technical assistance for project structuring, use of innovative financial instruments, use of public-private partnerships and advice, as appropriate, on relevant issues of Union legislation. In addition, especially for Member States with less developed financial markets, the EIAH should provide administrative support for project implementation, as well as local problem-solving assistance to project promoters. Moreover, the EIAH, with the support of the EIB, should contribute at national level in addressing and advancing possible solutions to administrative and logistical burdens that hamper project implementation. To meet the objective referred to in the first subparagraph, the EIAH shall engage the expertise of the EIB, the Commission, national promotional banks and the managing authorities of the European Structural and Investment Funds. Access to expertise from the EIAH shall be free of charge for project promoters. EIB shall ensure that the staff involved in carrying out the tasks of the EIAH shall be organisationally separate from, and be subject to separate reporting lines vis-a- vis, the staff involved in carrying out other tasks conferred upon EIB. In order to ensure the best possible regional and territorial reach across the Union for such advisory services and support, the work of the EIAH shall be reinforced by, and closely networked with, similar structures at national level, such as those provided by national promotional banks or adequate public agencies.
Amendment 1323 #
2015/0009(COD)
Proposal for a regulation
Article 12 – paragraph 4
Article 12 – paragraph 4
4. The EIB and EIF shall on a regular basis provide the European Parliament, the Council and the Commission with all their independent evaluation reports which assess the practical results achieved by the specific activities of the EIB and EIF under this Regulation, focusing on outcomes and impacts.
Amendment 1326 #
2015/0009(COD)
Proposal for a regulation
Article 12 – paragraph 5
Article 12 – paragraph 5
5. At the latest [PO insert date three years after the entry into force of this Regulation], the Commission shall submit a report to the European Parliament and the Council on the application of this Regulation, including assessment of the value added of the EFSI and its additionality to existing EU funding instruments, accompanied by any relevant proposal. for improvements.
Amendment 10 #
2014/2221(INI)
Draft opinion
Paragraph 8
Paragraph 8
8. Calls for the mid-term review of the MFF to identify better the value added by EU funding to the goals of competitiveness, growth, employment and energy transition set by the European Union; calls on the Commission to adopt a clearer methodology for better tracing the EU funds expenditures related to Europe 2020 goals in order to allow for improved impact assessments; also demands more transparency in the Member States' and Commission's publishing of the use of EU funding data, in order to enhance accountability;
Amendment 14 #
2014/2221(INI)
Draft opinion
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Welcomes the Commission's commitment to streamline the European Semester through a comprehensive single economic assessment per Member State and streamlined reporting; calls on the assessment to emphasise the need to use funds from the EU Budget to implement Country Specific Recommendations and stresses the need for enhancing Member States' ownership of the European Semester;
Amendment 15 #
2014/2221(INI)
Draft opinion
Paragraph 9
Paragraph 9
9. Calls once more on the Council to agree with Parliament and the Commission on a common method for assessing real payment needs in accordance with commitments made by the two arms of the budgetary authority; furthermore calls on the Commission to report on the potential impact that delayed payments issue would have on the commitments taken by Member States in the context of the European Semester;
Amendment 32 #
2014/2221(INI)
Draft opinion
Paragraph 11
Paragraph 11
11. Welcomes the EUR 315 billion investment plan presented by Commission President Mr Juncker to offset on the one hand the deficit in public and private investment brought about by fiscal consolidation efforts, and to stimulate economic activity on the other; calls on the Commission to present a report on the impact of redeploying funds from EU programmes such as Connecting Europe Facility and Horizon 2020 on the potential beneficiaries of those funds by assessing the number of beneficiaries affected and economic impact;
Amendment 41 #
2014/2221(INI)
Draft opinion
Paragraph 12
Paragraph 12
12. Confirms its willingness to examine with the utmost vigilance how financial commitments by the EU and the EIB to the European Strategic Investment Fund are entered in the budget and in the 2015 budget in particular; draws the attention in this respect that the EFSI should finance projects with equal or greater value than the one that would have been financed through the EU programmes from which funds are being drawn in order to set up the EU guarantee for the EFSI;
Amendment 1 #
2014/2156(INI)
Motion for a resolution
Citation 1 a (new)
Citation 1 a (new)
- having regard to the 2013 Activity Report of the European Investment Bank,
Amendment 2 #
2014/2156(INI)
Motion for a resolution
Citation 13 a (new)
Citation 13 a (new)
- having regard to the Commission Communication on An Investment Plan for Europe (COM(2014) 903) of 26 November 2014,
Amendment 4 #
2014/2156(INI)
Motion for a resolution
Recital A
Recital A
A. whereas all possible resources from the Member States and the EU, including those of the EIB, need to be efficiently mobilised without delay to sustain public and private investments in line withorder to re-establish economic growth and boost employment in Europe taking into account the objectives set out in the EU 2020 Strategy for smart, sustainable and inclusive growth;
Amendment 11 #
2014/2156(INI)
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas there is a crucial need to ensure that the EIB keeps its triple A credit rating, in order to preserve its access to international capital markets under best funding conditions, with subsequent positive impacts on project life and for stakeholders;
Amendment 16 #
2014/2156(INI)
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas SMEs are the backbone of the European economy and their adequate financing is the main driver to the economic recovery and job creation in the EU;
Amendment 25 #
2014/2156(INI)
Motion for a resolution
Paragraph -1 a (new)
Paragraph -1 a (new)
Amendment 26 #
2014/2156(INI)
Motion for a resolution
Paragraph -1 (new)
Paragraph -1 (new)
-1. Welcomes the EIB Annual Report 2013 and the increase of the Group's financing activities by 37% to EUR 75.1 billion; views this development as an adequate answer to the macroeconomic conditions in the European Union;
Amendment 27 #
2014/2156(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Is deeplyNevertheless, is concerned at the current situation of economic stalling in the EU, and in particular the significant decline in public and private investment– around 18 % below 2007 levels – and by the staggering 35 % drop in lending to SMEs between 2008 and 2013; underlines that such a decline represents a massive hurdle for a sustainable recovery as well as for genuine progress towards the EU 2020 objectives;
Amendment 35 #
2014/2156(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes in that context the acknowledgment of the new President of the Commission that bold and urgent action is required to revitalise the EU economy including, inter alia, an EU investment plan of at least EUR 300 billion over the next three yearslaunch of an Investment Plan for Europe that aims to revitalise the EU economy through the mobilisation of EUR 315 billion over the next three years; draws the attention that the implementation of the Investment Plan will require additional human resources for the EIB, in order to fulfil its mandate;
Amendment 55 #
2014/2156(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines that the EIB is called on to play an instrumental role in financing such an EU investment planthe Investment Plan for Europe by committing EUR 5 billion to the establishment of the new European Fund for Strategic Investments; calls, therefore, on the Council, the Commission and the EIB Board of Governors to duly assess the consistency between the new tasks assigned to the EIB within such a plan and the effective needs of the EIB in terms of capital and public guarantees provided to its lending operations, asset purchases and involvement in special-purpose vehicles;
Amendment 61 #
2014/2156(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Is of the opinion that, in this respect, appropriate EIB involvement in an EU ithe Investment pPlan will require a substantial increase in EIB lending and borrowing ceilings within the next five years with a view to significantly increasing its balance sheet size; points out that such an increase will imply a combination of a new capital increase and guarantees provided to new credit lines in the framework of the plan;
Amendment 69 #
2014/2156(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
Amendment 70 #
2014/2156(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 72 #
2014/2156(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
Amendment 98 #
2014/2156(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Insists that the evaluation to be carried out by the Commission in December 2014 take into account the negative impact of some projects in the PBI Pilot Phase; considers it regrettable that the EIB is supporting unviable and unsustainablethat the EIB should mainly focus its support on infrastructure projects which are neither climate-friendly nor address the needs and interests of the population they are intended to serve;
Amendment 103 #
2014/2156(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 108 #
2014/2156(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Concludes that the enhancement of EIB financing instruments is no replacement for structural reforms, sound macroeconomic policies and fiscal consolidation;
Amendment 109 #
2014/2156(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Calls on the EIB to increase its risk- taking capacity by promoting lending towards those sectors of the economy which have the potential to generate growth and jobs but have difficulties in obtaining financing without proper guarantees;
Amendment 116 #
Amendment 117 #
2014/2156(INI)
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Welcomes the increased support for SMEs in the European Union which amounted to EUR 21.9 billion, thus providing access to financing for more than 230.000 SMEs;
Amendment 119 #
2014/2156(INI)
Motion for a resolution
Paragraph 15 b (new)
Paragraph 15 b (new)
15b. Calls on the EIB to further increase its lending capacities to SMEs; stresses the importance of strengthening other EIB instruments, such as the European Progress Microfinance Facility;
Amendment 120 #
Amendment 121 #
2014/2156(INI)
Motion for a resolution
Paragraph 15 c (new)
Paragraph 15 c (new)
15c. Stresses that investment in large infrastructure projects is key to improving competitiveness and restoring growth and jobs in Europe; calls therefore on deployment of EIB financing towards the areas mostly affected by high unemployment; points out that EIB financing should focus primarily to those countries which lag behind in terms of infrastructure quality and development;
Amendment 122 #
Amendment 123 #
2014/2156(INI)
Motion for a resolution
Paragraph 15 d (new)
Paragraph 15 d (new)
15d. Welcomes the launch of the first Growth Financing Initiative (GFI) operations that aim at developing the mid- cap client group; stresses the importance of adequate financing for innovative start- ups;
Amendment 124 #
2014/2156(INI)
Motion for a resolution
Paragraph 15 e (new)
Paragraph 15 e (new)
15e. Calls on the EIB to further extend lending capacities towards innovative start-ups and SMEs;
Amendment 125 #
2014/2156(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. UrgesCalls on the EIB to fully implement its newensure a proper implementation of its energy lending criteria and to publiceriodically report on their implementation;
Amendment 127 #
2014/2156(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
Amendment 132 #
2014/2156(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Welcomes the EIB’s first steps towards a shift to renewable energy and the reduction of lending to the coal sector; points out that this shift should be done in a way that takes into account the different degrees of development of the Member States' economies; calls for the rectification of regional imbalances in renewable energy lending and for more attention to be paid in the future to smaller- scale, off-grid decentralised renewable energy projects involving citizens and communities;
Amendment 137 #
2014/2156(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Calls on the EIB to significantly increase its lending volume to energy efficiency projects in all sectors, notably where relating to process optimisation, SMEs, buildings and the urban environment;
Amendment 140 #
2014/2156(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 148 #
2014/2156(INI)
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Points out that the geographical distribution of the financing provided by the EIB reveals significant discrepancies between lending to various Member States; calls therefore on the EIB to assess the reasons for such discrepancies and to ensure that financial institutions in all Member States are fully capable of managing and implementing EIB programmes; furthermore calls on specific information campaigns in all Member States with the aim to raise awareness about EIB specific programmes; furthermore calls on a stronger cooperation between the EIB and national authorities in order to address the bottlenecks that hinder the signing and implementation of EIB projects;
Amendment 153 #
2014/2156(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Stresses thatWelcomes the ongoing transparency policy review represents a unique chance to end the EIB’s culture of secas well as other initiatives taken in order to improve transparency, and urges; calls on the EIB to operate on the basis of the ‘presumption of disclosure’ rather than the ’presumption of confidentiality’, since this will considerably reduce the list of disclosure exemptions;
Amendment 156 #
2014/2156(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Calls on the EIB to refrain from cooperation with financial intermediaries having a negative track record in terms of transparency, fraud, corruption or environmental and social impacts or with no substantial local ownership; highlights the need for more comprehensive transparency regarding global loans, since the current very limited disclosure possibilities do not permit rigorous scrutiny of the impact of this type of indirect lending;
Amendment 164 #
2014/2156(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
Amendment 169 #
2014/2156(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Recalls that the external policy of the EIB, and in particular the regional technical operational guidelines, should be consistent with the external action goals of the UE as defined in Article 21 TEU; calls for full respect of the legislation, and in particular the environmental and social standards, of the beneficiary countries;
Amendment 170 #
2014/2156(INI)
Motion for a resolution
Paragraph 28 a (new)
Paragraph 28 a (new)
28a. Calls on the EIB, in the light of the current geopolitical developments in the region, to assess the possibility of increasing external financing towards EU's Eastern neighbourhood within the current mandate;
Amendment 61 #
2014/2145(INI)
Motion for a resolution
Recital A
Recital A
A. whereas, according to the Commission’s autumnlatest winter forecast, after two consecutive years of unanticipated negative growth, gross domestic product (GDP) in the euro area is expected to rise by 0.8 % in 2014 and by 1.13 % in 2015, meaning that the pre-crisis growth rate will not be regained this year;
Amendment 87 #
2014/2145(INI)
Motion for a resolution
Recital B
Recital B
B. whereas huge differences will continue to prevail between the Member States, also following the Troika’s intervention, with forecasted GDP growth rates in 2014 ranging between -2.8 % in Cyprus and +4.68 % in Ireland reflecting increasingly undermining growing internal divergences;
Amendment 373 #
2014/2145(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Believes that the communication rightly broadens the scope of the investment clause, allowing for flexibility in the preventive arm of the SGP to accommodate investment programmes by the Member States, in particular as regards expenditure on projects under structural and cohesion policy, including the Youth Employment Initiative, trans-European networks and the Connecting Europe Facility, and co-financing under the EFSI; believes that this approach must be urgently reassessed to be symmetrically applied to the corrective arm of the SGP; e investment clause is the appropriate way to use the Pact as a countercyclical economic policy tool while maintaining fiscal discipline in the EU;
Amendment 430 #
2014/2145(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Believes that morethere is limited room for flexibility and soft laws exists under the SGP and in the European Semester; inviteexpects the Commission to build on this flexibility and to propose rule changes where neededenforce the already existing flexibility in line with the Commission Communication of 13 January 2015 entitled 'Making the best use of the flexibility within the existing rules of the Stability and Growth Pact' (COM(2015)0012);
Amendment 556 #
2014/2145(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
Amendment 669 #
2014/2145(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
Amendment 701 #
2014/2145(INI)
Motion for a resolution
Paragraph 34
Paragraph 34
34. Recalls that a ‘genuine Economic and Monetary Union’ (EMU) cannot simply be limited to a system of rules but also requires an increased euro area fiscal capacity; however, the euro area fiscal capacity should not be foreseen as a separate entity from existing institutional arrangements and should only be based on stronger coordination at eurozone level; Points out that a 'genuine EMU' also requires convergence in terms of competitiveness of its Member States; labour market reforms, structural reforms and fiscal consolidation, as well as responsible public spending are essential to achieve this goal;
Amendment 727 #
2014/2145(INI)
Motion for a resolution
Paragraph 36
Paragraph 36
36. Asks the Commission to come forward with an ambitious roadmap which takes into account the need for economic governance reforms, as outlined in this report, and which should be presented to Parliament by the end of May 2015, ahead of the June European Council; Asks the Commission to make it a high priority to create better incentives for Member States to abide by the SGP rules, as this is a way to maintain the trust of the private markets, and also creates space for future solidarity and for averting economic crises;
Amendment 762 #
2014/2145(INI)
Motion for a resolution
Paragraph 37 – indent 2
Paragraph 37 – indent 2
– a social dimension, including a minimum wage mechanismfloors and a minimum unemployment benefit scheme for the euro area and in-depth reforms to favour mobility,
Amendment 795 #
2014/2145(INI)
Motion for a resolution
Paragraph 37 – indent 4
Paragraph 37 – indent 4
– a euro area fiscal capacity notably to financguide counter cyclical actions at Member State level, structural reforms or part of debt reduction;
Amendment 23 #
2014/2059(INI)
Motion for a resolution
Recital D a (new)
Recital D a (new)
Da. whereas, youth unemployment has to be addressed in a pro-active manner, thereby enhancing and extending the current framework of cooperation between national authorities responsible in this field;
Amendment 143 #
2014/2059(INI)
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Calls on the Commission to put in place a comprehensive mechanism promoting the exchange of best-practices between all national actors responsible in the field of youth unemployment; reiterates the fact that although a one-size-fits-all solution cannot be implemented, certain Member States have addressed youth unemployment in a more effective way than others;
Amendment 161 #
2014/2059(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Notes the fact that, according to the Commission, only 10 % of the CSRs for 2013 have been fully implemented; notes, furthermore, that 45 % of CSRs have seen limited or no progress; reiterates the need to ensure a more balanced approach in the evaluation of the implementation of CSRs; calls in this respect to enhance the qualitative analysis of the implementation of CSRs that goes beyond macroeconomic indicators;
Amendment 265 #
2014/2059(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Reiterates the fact that structural reforms must be complemented by longer- term investment in education, research, innovation and sustainable energy; underlines that investment in research, innovation, education and infrastructure is a prerequisite for competitiveness, sustainable growth and job creation; stresses, however, the fact that private investment is more conducive to growth than public investment;
Amendment 288 #
2014/2059(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Underlines the fact that private investment is crucial, as it works on the supply and demand side of the economy creating jobs, generating incomes for households, increasing tax revenue, helping governments consolidate and boosting growth; reiterates the need to adopt investor-friendly policies, cut red- tape and reduce administrative burden;
Amendment 304 #
2014/2059(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
30. Is very concerned about protectionopulist tendencies in certain Member States; points out that the Treaty does not provide for the restriction of especially as regards free movement of people; points out that the Treaty guarantees the free movement of people, services or capital, and recalls that the Commission must safeguard and enforce these freedoms;
Amendment 312 #
2014/2059(INI)
Motion for a resolution
Paragraph 31
Paragraph 31
31. Underlines the fact that a lack of access to finance, particularly for SMEs, poses a huge obstacle to growth in the EU; reiterates the important role of EU financing institutions, such as EIB, in ensuring adequate financing for SMEs;
Amendment 327 #
2014/2059(INI)
Motion for a resolution
Paragraph 33
Paragraph 33
33. Stresses the importance of the expedition and completion of the banking union; believes that completion of the banking union must be achieved by means of an insurance and markets union; reiterates that the cost of failure of banking institutions should be borne by the banking sector itself;
Amendment 23 #
2014/2040(BUD)
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9 a. Is deeply concerned about the Council's use of double standards as regards the EU budget, where on the one hand it calls for an increase of EU funds towards areas which can generate sustainable growth, such as research, innovation, infrastructure and on the other hand it proposes major cuts in those areas;
Amendment 50 #
2014/2040(BUD)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Contests the cuts applied by the Council to the Connecting Europe Facility programme (EUR -34,4 million), which come on top of the backloading of this programme for 2015 already taken into account in the DB following the MFF agreement; is concerned about the risks of an ineffective start to this strategic programme, which is of topical importance for the future transport and energy infrastructure investments that can further boost job creation in Europe;
Amendment 59 #
2014/2040(BUD)
Motion for a resolution
Paragraph 30
Paragraph 30
30. Underlines that Heading 1b bears the biggest part of the current outstanding commitments which is impeding reimbursement for resources already spent by the beneficiary Member States and regions; highlights that this practice caused serious consequences for Member States and regions mostly affected by crisis; stresses that in a period when most Member States face challenges in identifying financing sources for projects that can lead to job creation, the EU regional policy is an essential tool to overcome these shortages;