4 Amendments of Johan VAN OVERTVELDT related to 2020/0106(COD)
Amendment 70 #
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2a) The conclusions of the European Council of 17-21 July 2020 do not include the Solvency Support Instrument within the instruments forming the recovery package. This is a regrettable decision made by the Heads of State and Government, necessitated by a decision to prioritise funding elsewhere. Nevertheless, support especially for SMEs will continue to be needed in many Member States and in particular in smaller Member States, whose fiscal capacities are more limited.
Amendment 71 #
Proposal for a regulation
Recital 2 b (new)
Recital 2 b (new)
(2b) Businesses who find themselves in liquidity issues may find themselves unable to access public support and become targets for private equity investors from third countries. This represents a considerable threat to the strength of European economies and the innovative capacities of many Member States
Amendment 72 #
Proposal for a regulation
Recital 2 c (new)
Recital 2 c (new)
(2c) Solvent businesses able to withstand liquidity problems continue to face other challenges, including barriers to market access and regulatory burdens, which continue to place those companies at risk of collapse if the economic recovery falters.
Amendment 73 #
Proposal for a regulation
Recital 2 d (new)
Recital 2 d (new)
(2d) Given the importance of securing the competitive position of European companies, assets and innovative capacity, together with the need to support Member States across the Union in supporting their national economies and by extension the Single Market, the proposal for the Solvency Support Instrument remains a relevant intervention should the need for further instruments to bolster the recovery be identified