10 Amendments of Beatrix von STORCH related to 2017/2071(INI)
Amendment 4 #
Draft opinion
Paragraph 1
Paragraph 1
1. AcknowledgeQuestions the EIB’s contribution to restoring investment activity in the EU after the economic and financial crises; stresses that the EIB’s activities during the current period of recovery and credit availability must be carefully directed towards products and projects, thereby ensuring additionality;
Amendment 15 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses the need to minimise the risk of crowding out the private sector by focusing on long-term financing otherwise unavailable to EIB clients on the markets, or by greater risk-taking, namely by supporting the financing of projects that would not get financed otherwise, therefore proposes to drastically reduce the EIB's activities;
Amendment 24 #
Draft opinion
Paragraph 3
Paragraph 3
Amendment 44 #
Draft opinion
Paragraph 4
Paragraph 4
4. Emphasises that the EIB can play a positive role in reducing the negative public investment gap, but that it's activities should not come into conflict with fiscal rules, as fiscal stability is a key precondition for stable and sustainable economic growth;
Amendment 56 #
Draft opinion
Paragraph 5
Paragraph 5
5. Recalls the high degree of urgency of clarifying the impact of Brexit on the EIB in order for the bank to continue to be able to perform its role; suggests that Brexit provides an opportunity to reduce the EIB's capital and activities;
Amendment 63 #
Draft opinion
Paragraph 6
Paragraph 6
6. Calls on the Commission to monitor carefully the cost and efficiency associated with the high number of financially small mandates given to the EIB; takes the view that the administrative cost associated with such a number of mandates can undermine the EIB’s price competitiveness and thus render itrender the EIB even less effective in performing its role;
Amendment 69 #
Draft opinion
Paragraph 7
Paragraph 7
7. Stresses the need for the EIB to prioritise external operations so that its activities especially focus on areas of high importance for the EU; highlights the great potential for EIB operations to improve the economic situation in Ukraine, which is facing great economic stress and instability due to the ongoing armed conflict in Eastern Ukraine, with the direct and indirect participation of Russian military and security serviclimit itself to internal operations of high importance for the Member States;
Amendment 75 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Regrets that under the new Resilience Initiative the EIB will increase lending by EUR 6 billion to catalyse up to EUR 15 billion in additional investment for the Western Balkan and southern Mediterranean regions over the next four and a half years in addition to the EUR 7.5 billion lending already envisaged in the two regions;
Amendment 86 #
Draft opinion
Paragraph 8
Paragraph 8
8. Notes a wide variety of experithe ineffectivences with EFSI projects; calls for the exchange of best practices between the EIB and the Member States in order to increase the effectiveness of the Juncker plans of the Juncker plan; demands an end of the EFSI;
Amendment 93 #
Draft opinion
Paragraph 9
Paragraph 9
9. Recalls that if they are to contribute to the economic development of the EU, risk transfer-based instruments cannot be risk frt is economically impossible for any asset to be risk free; is concerned that these risks are not fully accounted for on the asset side of the EIB's balance sheet; stresses that the EIB and its shareholders must be fully aware of this.