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Activities of Ulrike TREBESIUS related to 2016/0276(COD)

Shadow opinions (1)

OPINION on the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) No 1316/2013 and (EU) 2015/1017 as regards the extension of the duration of the European Fund for Strategic Investments as well as the introduction of technical enhancements for that Fund and the European Investment Advisory Hub
2016/11/22
Committee: EMPL
Dossiers: 2016/0276(COD)
Documents: PDF(541 KB) DOC(142 KB)

Amendments (9)

Amendment 21 #
Proposal for a regulation
Recital 1
(1) Since the Investment Plan for Europe was presented in November 20143 , the conditions for an uptake in investment have improved and confidence in Europe’s economy and growth are returning. The Union is now in its fourth year of moderate recovery, with Gross Domestic Product growing at 2% in 2015. The comprehensive efforts iniIt is not yet possible to estimated with the Investment Plan are already delivering concrete results, despite the fact that the real impact that EFSI has had on growth as the macroeconomic effects of larger investment projects cannot be immediate. Investment is expected to pick up gradually throughout 2016 and 2017 although it remains below historical levels. __________________ 3 COM(2014) 903 final.
2017/02/07
Committee: EMPL
Amendment 23 #
Proposal for a regulation
Recital 2
(2) That positive momentum should be maintained and efforts need to be continued to bring investment back to its long-term sustainable trend. TAs it is yet unclear if the mechanisms of the Investment Plan work and should be reinforced to continue the mobilisation of private investments in sectors important to Europe's future and where market failures or sub-optimal investment situations remaineffectively, considerations should only be given when reliable statistics and data are available and an external impact assessment is undertaken in line with the principles of better regulation. It is important to continue the mobilisation of private investments in all sectors that create growth and jobs.
2017/02/07
Committee: EMPL
Amendment 31 #
Proposal for a regulation
Recital 6
(6) The EFSI was established for an initial period of three years and with the aim of mobilising at least EUR 315 billion in investments. Given its success, the Commission is committed to the doubling of the EFSI, both in terms of duration and financial capacity. The legal extension covers the period of the current Multiannual Financial Framework and should provide a total of at least half a trillion euro investments by 2020. In order to enhance the firepower of the EFSI even further and reach the aim of doubling the investment target, Member States should also contribute as a matter of priorityThe current amount of the EFSI guarantee is sufficient to fund activities in 2017 and 2018 except for the SMEW 1a. Given the lack of sufficient data on the tangible impact of EFSI on growth and jobs, EFSI should continue to operate within the current parameters until an independent evaluation is available. Only for the SMEW an increase can be justified. __________________ 1a Court of Auditors Opinion No 2/2016.
2017/02/07
Committee: EMPL
Amendment 44 #
Proposal for a regulation
Recital 9
(9) Additionality, a key feature of the EFSI, needs to be defined more clearly and 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, including e-infrastructure, should be considered additional given their inherent difficulty and their high added value for the Union.
2017/02/07
Committee: EMPL
Amendment 49 #
Proposal for a regulation
Recital 10
(10) Due to their potential to increase the efficiency of the EFSI intervention, blending operations combining non- reimbursable forms of support and/or financial instruments from the Union budget, such as those available under the Connecting Europe Facility, and financing from EIB Group, including EIB financing under the EFSI, as well as other investors should be encouraged. Blending aims to enhance the value added of Union spending by attracting additional resources from private investors and to ensure the actions supported become economically and financially viable, while the rules of co-financing need to be respected.
2017/02/07
Committee: EMPL
Amendment 51 #
Proposal for a regulation
Recital 11
(11) In order to reinforce the take-up of the EFSI in less-developed and transition regions, the scope of the general objectives eligible for EFSI support should be enlargedless-developed and transition regions greater advice and guidance must be given in order to facilitate and reinforce the take-up of EFSI.
2017/02/07
Committee: EMPL
Amendment 62 #
Proposal for a regulation
Recital 15
(15) OnAs the basis of there is still insufficient experience acquired with the investments supported by the EFSI, the enlargement and extension of the scope of EFSI including the addition of new political goals may affect the quality of projects. Therefore the target amount of the guarantee fund should be brought to 35 left at 50% of the total EU guarantee obligations ensuring an adequate level of protection. Only after a thorough external evaluation on risk management is concluded can a decrease be justified.
2017/02/07
Committee: EMPL
Amendment 126 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point a
Regulation (EU) 2015/1017
Article 18 – paragraph 6
(a) paragraph 6 is replaced by the following: ‘6. 2020, the Commission shall submit to the European Parliament and the Council a report containing an independent evaluation of the application of this Regulation.’;deleted By 30 June 2018 and 30 June
2017/02/07
Committee: EMPL
Amendment 128 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point b
Regulation (EU) 2015/1017
Article 18 – paragraph 7 and 8
(b) paragraphs 7 and 8 are deleted.;
2017/02/07
Committee: EMPL