Activities of Notis MARIAS related to 2016/0276(COD)
Plenary speeches (1)
Extension of the duration of the European Fund for Strategic Investments (A8-0198/2017 - Udo Bullmann, José Manuel Fernandes) EL
Amendments (10)
Amendment 13 #
Proposal for a regulation
Citation 1 a (new)
Citation 1 a (new)
Having regard to Protocol (No 1) of the Treaty on the Functioning of the European Union (TFEU) on the role of national parliaments in the European Union,
Amendment 14 #
Proposal for a regulation
Citation 1 b (new)
Citation 1 b (new)
Having regard to Protocol (No 2) of the Treaty on the Functioning of the European Union (TFEU) on the application of the principles of subsidiarity and proportionality,
Amendment 18 #
Proposal for a regulation
Recital 1
Recital 1
Amendment 22 #
Proposal for a regulation
Recital 2
Recital 2
Amendment 26 #
Proposal for a regulation
Recital 3
Recital 3
(3) On 1 June 2016 the Commission issued a Communication entitled ‘Europe investing again – Taking stock of the Investment Plan for Europe and next steps’ outlining the achievements of the Investment Plasituation so far and the envisaged next steps, includingsuch as the extension of the European Fund for Strategic Investments (EFSI) beyond its initial three- year period, the scaling-up of the Small and Medium- sized Enterprises (SME) Window within the existing framework and the enhancement of the European Investment Advisory Hub (EIAH).
Amendment 33 #
Proposal for a regulation
Recital 6
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, tThe 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 priority.
Amendment 40 #
Proposal for a regulation
Recital 7
Recital 7
(7) For the period after 2020, the Commission intends toshould put forward the necessary proposals to ensure that strategic investment will continue at a sustainable level.
Amendment 45 #
Proposal for a regulation
Recital 8
Recital 8
(8) The extended EFSI should address remaining market failures and sub-optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future job creation – including for the youth –, growth and competitiveness with strengthened additionality. They include investments in the areas of energy, environment and climate action, social and human capital and related infrastructure, healthcare, research and innovation, cross- border and sustainable transport, as well as the digital transformation. In particular, the contribution of operations supported by the EFSI to achieving the Union's ambitious targets set at the Paris Climate Conference (COP21) should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture come within the general objectives eligible for EFSI support.Does not affect the English version.)
Amendment 53 #
Proposal for a regulation
Recital 11
Recital 11
(11) In order to reinforce the take-up of the EFSI in the less-developed and transition regions, the scope of the general objectives eligible for EFSI support should be enlarged.
Amendment 65 #
Proposal for a regulation
Recital 16
Recital 16
(16) In line with the exceptional market demand for SME financing under the EFSI which is expected to continue, the EFSI SME Window should be enhanced. Particular attention should be paid to social enterprises, including through the development and deployment of new instruments.Does not affect the English version.)