36 Amendments of Notis MARIAS related to 2016/2098(INI)
Amendment 2 #
Motion for a resolution
Citation 10 a (new)
Citation 10 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 3 #
Motion for a resolution
Citation 10 b (new)
Citation 10 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 9 #
Motion for a resolution
Recital Α
Recital Α
Α. whereas the EIB is the longstanding financing partner of the EU institutions, and should contributinge to EU integration, economic and social cohesion and regional development through the funding of dedicated investment instruments such as loans, equities, guarantees, risk-sharing facilities and advisory services;
Amendment 11 #
Motion for a resolution
Recital Β
Recital Β
Β. whereas the EIB, as the biggest public lender in the world, ought to operates in the international capital markets, offering competitive terms to clients and favourable conditions to support EU policies and projects so as to boost growth and employment in the Union;
Amendment 13 #
Draft opinion
Paragraph 2
Paragraph 2
2. Acknowledges that the major EIB shareholders, i.e. Germany, France, the UK, Italy and Spain, received more than 50 % of financing in 2015, while the new Member States received less than 20 %; askscalls on the EIB and the Commission to provide more technicalimmediate assistance to those Member States having a lower share in total EIB financing;
Amendment 14 #
Motion for a resolution
Recital C
Recital C
C. whereas the European Investment Fund (EIF) and the European Fund for Strategic Investments (EFSI) ought to play a key role in complementing the EIB’s interventions as the EU’s specialist vehicle for venture capital and guarantees aimed primarily at supporting SMEs and European integration and regional cohesion;
Amendment 15 #
Motion for a resolution
Recital D
Recital D
D. whereasnoting that there are three different reports produced by the European Parliament on the activities of the EIB: a report on EIB financial activities (prepared by the Committee on Economic and Monetary Affairs and the Committee on Budgets), a report on the control of the financial activities of the EIB (prepared by the Committee on Budgetary Control), and a report on the implementation of EFSI (prepared by the Committee on Economic and Monetary Affairs and the Committee on Budgets);
Amendment 16 #
Motion for a resolution
Recital Ε
Recital Ε
Ε. whereas safeguards against fraud, including tax fraud and money laundering, and against the financing of terrorism risks are contained in EIB contractual provisions included in the contracts signed between the EIB Group and its counterparties; whereas the EIB also expects its counterparties to comply with all applicable legislation; whereas additional contractual provisions addressing specific transparency and integrity issues canshould be imposed by the EIB on the basis of due diligence results;
Amendment 19 #
Motion for a resolution
Recital F
Recital F
F. whereas the EIB ought to acts as the implementing arm of the EU 2020 strategy and flagship initiatives by ensuring the use of public investment in substitution or correction of financial market gaps and by triggering new EU drivers of growth and job creation, particularly in the southern European countries such as Greece, Italy, Spain and Portugal;
Amendment 20 #
Motion for a resolution
Recital G
Recital G
G. whereas the catalytic effect of the EIB’s fundraising is a key element in defining EU added value and ensuring that Europe remainswill be a leading player worldwide with all the attributes of a world-class economy in terms of competitiveness, innovation, infrastructure and attractiveness;
Amendment 21 #
Motion for a resolution
Recital Η
Recital Η
Η. whereas the EIB’s investments constitute an eco-stimulus package for making the EU far better equipped to remainbe a place of opportunities and to meet the challenges of globalised economic competition;
Amendment 22 #
Motion for a resolution
Recital I
Recital I
I. whereas the Investment Plan for Europe is part of a broader strategy aimed at reversing the negative trend observed in public and private investment by mobilising new and private financial liquidity to be injected into the real economy with a view to fostering long- term strategic and sustainable investments across the Union;in the Member States of the Union with high unemployment.
Amendment 27 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. WelcomNotes the EIB’s annual reports for 2015 and its achievements presented therein, and the efforts achieved for a better presentation and reporting the EIB’s contribution (or additionality) and results;
Amendment 31 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Recalls Parliament’s request to present a more comprehensive and harmonised annual report for a better overview and evaluation of the EIB’s overall activities and lending priorities; invites the EIB to further refine and provide information on anticipated economic, social and environmental impacts and awaits the immediate fulfilment of its objectives;
Amendment 33 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Emphasises that all EIB-financed activities must be part of and steadily consistent with the EU’s general strategy and political priority areas as defined in the Europe 2020 strategy and , the Growth and Employment Facility and the Compact for Growth and Jobs, while integrating the economic and financial efficiency criteria;
Amendment 40 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Strongly encouragesCalls on the EIB to continuestep up its efforts to overcome investment, market and sectoral gaps with a view to possibly fostering transnational added value via greater EU economic and territorial convergence, a stronger investment environment and the return of sustainable growth across the EU, particularly in countries such as Greece that have been hard-hit by troika austerity policies;
Amendment 41 #
Draft opinion
Paragraph 6
Paragraph 6
6. Is concernedDeplores the fact that the SME Initiative is not delivering as planned and calls on the Commission to take immediate measures to ensure better results;
Amendment 45 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Recalls that supporting economic recovery and sustainable growth ishould be an overarching objective and that the EIB should anticipate structural challenges, notably those related to Europe’s re- industrialisation and the knowledge-based and digital economy, in order to generate new economic opportunities and promote job creation, innovation and use of renewables in line with the goals of environmental, climate or energy policies;
Amendment 48 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Is of the opinion thatCalls on the EIB shouldto systematically pay attention to mid- and long-term effects when defining investment actions and its funding decisions; considers it necessary for the EIB to invest in projects of systemic importance in the long term;
Amendment 55 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Acknowledges that the EIB is a core actor needed to revitalise the EU economy, boost employment and growth figures in the Member States and maximise the effectiveness and value for money of available financial resources by using revolving instruments, namely through a multiplier effect of guarantee funds and leveraging classical EU financial instruments such as grants;
Amendment 58 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Believes there is a need to secure a resilient and sustainable EU funding strategy to speed up economic recovery and help certain economic sectors and geographical areas catch up; recalls the need to focus on productive investment making a difference and bolster the primary sector, research, infrastructures and employment; believes that projects should be chosen on the basis of their own merits and effective additionality, possibly with a higher risk profile;
Amendment 61 #
Draft opinion
Paragraph 8
Paragraph 8
8. Calls on the EIB to increase immediately its financing of economic and social cohesion as well as of the urban objectives; calls, moreover, for the development of special financial instruments for macroregional strategies;
Amendment 66 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Reiterates, in this respect, that more information should be given on the precise nature of individual projects funded directly or indirectly through the EIB’s lending activities, and, in particular, on their added value and expected impacteconomic impact on each Member State of the Union ;
Amendment 70 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Reiterates Parliament’s concern about defining a balanced strategy with a dynamic, fair and transparent geographical distribution of projects and investments among EU Member States; observes that 73 % of the EIB’s total lending for 2015 (EUR 51 billion) is concentrated in six Member States;
Amendment 70 #
Draft opinion
Paragraph 9
Paragraph 9
9. Calls on the EIB and the Commission to step up their provision of support and advice and increase funding for local and regional authorities and SMEs, in the interests of simplifying access to EIB finance and blending grants with loans and financial instruments.
Amendment 73 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Invites the EIB to intensify immediately its communication policy towards potential stakeholders and private investors on the available funding sources and instruments, and towards citizens on the results achieved;
Amendment 77 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. WelcomNotes the report on the results and impact of the EIB operations inside the EU in 2015 based on the three-pillar assessment methodology with a view to assessing expected results, monitoring current results and measuring the impact of the four key public policy goals (PPGs), namely Innovation and skills (22.7 % of EIB signatures in 2015, amounting to EUR 15.8 billion), Finance for SMEs and midcaps (28.5 % of signatures, or EUR 19.8 billion), Infrastructure (24.5 %, or EUR 17.1 billion) and Environment (24.3 %, or EUR 16.9 billion); notes that a selection of outputs and outcomes for the new operations signed are included to illustrate expected results;
Amendment 82 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. EncouragesCalls on the EIB to continuously put an emphasis on its performance scrutiny via performance assessments and proven impact; encourages the EIB to continue to define its monitoring indicators, more specifically indicators of additionality, with a view to assessing the impact as early as possible in the project generation phase, and providing the Board with sufficient information on the expected impact, in particular with regard to the contribution to EU policies;
Amendment 90 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Recalls that the EIB has worldwide responsibilities in ensuring the EU’s attractiveness on the world stage by promoting a conducive investment climate for business and enterprise, principally for SMEs;
Amendment 95 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Acknowledges the central role of SMEs and mid-caps in the EU economy in terms of employment and growth; encouragescalls on the EIB to intensify its support to all kinds of SMEs (start-ups, micro- medium sized businesses, business clusters), with a focus on new business models with high potential job opportunities for young people;
Amendment 96 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Takes note that the EIB’s support to SMEs accounted for approximately 36.6 % of its funding in 2015, triggering a leverage effect of EUR 39.7 billion for SME finance and supporting 5 million jobs; expects increased support for SMEs;
Amendment 126 #
Motion for a resolution
Paragraph 33
Paragraph 33
33. WelcomStresses the EIB’s rapid adaptation capacitneed for the EIB to adapt rapidly to international challenges; - calls on the EIB to continue its support to EU external policies andprovide immediate emergency response support related to the global challenge of migration by including the development aspect and by promoting economic resilience;
Amendment 136 #
Motion for a resolution
Paragraph 38
Paragraph 38
38. Insists that the widest possible geographical spread should be considered in the implementation of the EFSI pipeline for the benefit of cohesion and sustainability objectives; asks the EIB to correct the current geographical imbalances within the Union and sectoral concentration of the EFSI’s portfolio, namely under the Infrastructure and Innovation Window (IIW) and the Small and Medium-sized Enterprises Window (SMEW), by enhancing its advisory activities for projects development in Member States and technical assistance through the European Investment Advisory Hub (EIAH), by considering expanding the number of sectors eligible for EFSI funding or by better adapting the type and size of the projects to the market needs in Member States;
Amendment 141 #
Motion for a resolution
Paragraph 43
Paragraph 43
43. Notes that the EFSI (through the SMEW) is an important tool forshould contribute more actively to providing supplementary funding to SMEs, i.e. up to EUR 75 billion of the total investment catalysed by the EFSI over three years, along with the EIB and EIF lending capacities;
Amendment 143 #
Motion for a resolution
Paragraph 45
Paragraph 45
45. Insists, for accountability purposes, on the development of result-driven investments to be regularly assessed through the scoreboard of indicators by the Investment Committee, with a view to identifying well-targeted projects in terms of their contribution to growth and jobs - particularly in EU Member States such as Greece, Spain, Portugal, Italy, etc. with mass unemployment - and to having an objective overview of their additionality, added value and consistency with Union policies or other classical EIB operations;
Amendment 153 #
Motion for a resolution
Paragraph 50
Paragraph 50
50. Welcomes the factNotes that the EIB’s transparency policy is based on a presumption of disclosure and that everyone can access EIB documents and information; the EIB ismust not stopping there, but isbe constantly looking for ways to improve and raising the bar;