10 Amendments of Kostas CHRYSOGONOS related to 2015/0009(COD)
Amendment 35 #
Proposal for a regulation
Recital 1
Recital 1
(1) The economic and financial crisis has led to a lowering of the level of investments within the Union. Investment has fallen by approximately 15% since its peak in 2007. The Union suffers in particular from a lack of investment as a consequence of market uncertainty regarding the economic future and of the fiscal constraints onausterity policies imposed to Member States. This lack of investment slows economic recovery and negatively affects job creation, long-term growth prospects and competitiveness, leading to a significant increase of people living below the poverty threshold.
Amendment 36 #
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 areis necessary preconditions for stimulating investment. Along with a renewed impetus towards investment financing, theseis preconditions can contribute to establishing a virtuous circle, where investment projects help support employment and demand and lead to a sustained increase in growth potential.
Amendment 62 #
Proposal for a regulation
Recital 17
Recital 17
(17) Decisions on the use of the EFSI support for infrastructure and large mid- cap projects should be made by an Investment Committee. The Investment Committee should be composed of independent experts who are knowledgeable and experienced in the areas of investment projects, as well as from representatives of relevant stakeholders. The members of the Investment Committee shall be appointed on the basis of a transparent procedure, which ensures a broad and balanced expertise, encompassing different sectors, markets and social partners. The Investment Committee should be accountable to a Steering Board of the EFSI, who should supervise the fulfilment of the EFSI's objectives. To effectively benefit from the experience of the EIF, the EFSI should support funding to the EIF to allow the EIF to undertake individual projects in the areas of small and medium enterprises and small mid-cap companies.
Amendment 115 #
Proposal for a regulation
Article 3 – paragraph 3 – subparagraph 2
Article 3 – paragraph 3 – subparagraph 2
The Steering Board shall strive to make decisions by consensus. If the Steering Board is not able to decide by consensus within a deadline set by the Chairperson, the Steering Board shall take a decision by simplequalified majority.
Amendment 116 #
Proposal for a regulation
Article 3 – paragraph 3 – subparagraph 3
Article 3 – paragraph 3 – subparagraph 3
Amendment 135 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2
Article 3 – paragraph 5 – subparagraph 2
The Investment Committee shall be composed of six independent experts and the Managing Director. Independent experts, six representatives of relevant stakeholders and the Managing Director. The members of the Investment Committee shall have a high level of relevant market experience in project finance and shall be appointed by the European Parliament upon the proposal of the Steering Board for a renewable fixed term of three years. Their appointment shall be renewable once.
Amendment 173 #
Proposal for a regulation
Article 10 – paragraph 2 – introductory part
Article 10 – paragraph 2 – introductory part
2. The EIB, in cooperation with the EIF as appropriate, shall report semi-annually to the European Parliament and to the Council on EIB financing and investment operations. The report shall be made public and include:
Amendment 192 #
Proposal for a regulation
Article 12 – paragraph 2 – introductory part
Article 12 – paragraph 2 – introductory part
2. By 30 June 20187 and every threewo years thereafter:
Amendment 197 #
Proposal for a regulation
Article 13 – paragraph 1 a (new)
Article 13 – paragraph 1 a (new)
At the request of any individual, the relevant documents of EFSI shall be made accessible, in accordance with Regulation 1049/2001.
Amendment 200 #
Proposal for a regulation
Article 14 – paragraph 1
Article 14 – paragraph 1
The EU guarantee and the payments and recoveries under it that are attributable to the general budget of the Union shall be audited annually by the Court of Auditors.