Activities of Hugues BAYET related to 2015/0009(COD)
Plenary speeches (2)
European Fund for Strategic Investments (debate) FR
European Fund for Strategic Investments (A8-0139/2015 - José Manuel Fernandes, Udo Bullmann) FR
Amendments (10)
Amendment 109 #
Proposal for a regulation
Recital 2
Recital 2
(2) Comprehensive action is required to reverse the vicious circle created by a lack of investment. Structural reforms and fiscal responsibility are necessary preconditions for stimulating investment. Along with a renewed impetus towards investment financing, these preconditionstructural reforms which respect economic and social rights can contribute tod fiscal responsibility are a means of establishing a virtuous circle, where investment projects help support employment and demand and lead to a sustained increase in growth potential.
Amendment 285 #
Proposal for a regulation
Recital 15
Recital 15
(15) The EFSI should target projects with a higher risk-return profile than existing EIB and Union instruments to ensure additionality over existing operations. The EFSI should finance projects across the Union, including in the countries most affected by the financial crisis. The EFSI should only be used where financing is not available from other sources on reasonable terms.
Amendment 351 #
Proposal for a regulation
Recital 18
Recital 18
(18) In order to enable the EFSI to support investments, the Union should grant a guarantee of an amount equal to EUR 16 000 000 000. When provided on a portfolio basis, the guarantee coverage should be capped depending upon the type of instrument, such as debt, equity or guarantees, as a percentage of the volume of the portfolio of outstanding commitments. It is expected that when the guarantee is combined with EUR 5 000 000 000 to be provided by the EIB, that the EFSI support should generate EUR 60 800 000 000 additional investment by the EIB and EIF. This EUR 60 800 000 000 supported by the EFSI is expected to generate a total of EUR 315 000 000 000 in additional investment in the Union within the period 2015 to 2017. The principle of flexibility must apply as regards the neutralisation of the impact of Member State investments in the fund in the calculation of their deficit. Additional Member State contributions to the EFSI’s capital would increase this amount and thereby bring the Fund’s investments closer to actual needs. Guarantees that are attached to projects which are completed without a call on a guarantee are available for supporting new operations.
Amendment 954 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a a (new)
Article 5 – paragraph 2 – subparagraph 1 – point a a (new)
(aa) pursuing in particular a general objective associated with infrastructure development, research, development and innovation; investment in education and training, health, information and communications technology; urban and rural development; development of the energy sector, etc.
Amendment 1073 #
Proposal for a regulation
Article 5 – paragraph 4 a (new)
Article 5 – paragraph 4 a (new)
4a. It is hoped that the principle of flexibility will take into account the impact of the new SEC2010 accounting standards on investment capacity driving the growth of certain public authorities;
Amendment 1115 #
Proposal for a regulation
Article 7 – paragraph 4 a (new)
Article 7 – paragraph 4 a (new)
4a. The EFSI shall implement provisions with respect to guaranteeing compliance with EU standards on the environment, labour, social and human rights and transparency.
Amendment 1117 #
Proposal for a regulation
Article 7 – paragraph 4 b (new)
Article 7 – paragraph 4 b (new)
4b. The EFSI shall ensure that social and environmental criteria are included in the implementation of the projects that it supports in order to combat dumping in those areas.
Amendment 1339 #
Proposal for a regulation
Article 13 – paragraph 1 a (new)
Article 13 – paragraph 1 a (new)
Transparency must be ensured, as well as proper assessment of the economic and social repercussions of loans made and the effectiveness of due diligence measures.
Amendment 1341 #
Proposal for a regulation
Article 13 – paragraph 1 b (new)
Article 13 – paragraph 1 b (new)
The EFSI must take all requisite measures to ensure the utmost reliability of financial intermediaries, to enhance transparency of the lending and to publish information on the amounts disbursed, the recipients of these funds, the regions and sectors to which they were allocated and the environmental, social and macroeconomic impact of these loans.
Amendment 1342 #
Proposal for a regulation
Article 13 a (new)
Article 13 a (new)
Article 13a It must be ensured that EFSI transparency policy complies with the provisions of Regulation 1049/2001 regarding public access to European Parliament, Council and Commission documents.