4 Amendments of Ramón Luis VALCÁRCEL SISO related to 2016/2302(INI)
Amendment 26 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. WelcomesRecognizes that, although the financial instruments were designed before the financial and economic crisis and were not the most convenient ones for an economic context of crisis, the Commission’s reporting exercise, which provides strong evidence that European Structural and Investment (ESI) Funds investment through grants and financial instruments resulted in solid impact and visible results by investments in EU regions, which amounted to EUR 347.6 billion, excluding national co-financing and additionally leveraged resources;
Amendment 40 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Acknowledges thatHighlights that, at the end of the 2014 exercise, the European Commission registered 1 025 operational financial instruments, classified in 73 funds and 952 specific funds, from which 90% were for business, 6% for urban development projects and 4 for energy efficiency and renewable energy projects. Points out that financial support to enterprises amounted to € 8,47 billion in 879 funds, mainly through loans and, to a lesser extent, guarantees and risk capital; Recalls that the Management Authorities are the ones that must decide about the type of financial instrument more appropriate for its implementation. States that in the financial period 2014- 2020 both the volume and the quality of financial instruments (in the form of microcredit, loans, guarantees, equity and venture capital) under Cohesion Policy’s shared management increased; highlights the two main reasons for this trend – the 2007-2013 period provided valuable experience and lessons regarding ESI Funds implementation through grants and financial instruments, while the 2014-2020 MFF reflects the post-crisis need for more financial instruments owing to fiscal limitations;
Amendment 46 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the fact that crucial regulatory changes in programming, implementation and management of financial instruments, such as direct links to and coverage ofa broadening and covering its use to all 11 thematic objectives of the cohesion policy, compulsory ex-ante assessment which allows to determine the existence of a market failure to be covered by the public authorities, and creation of tailor-made and off-the- shelf solutions and reporting mechanisms, contribute to the implementation of financial instruments;
Amendment 54 #
Motion for a resolution
Paragraph 6
Paragraph 6