6 Amendments of Miltiadis KYRKOS related to 2015/0009(COD)
Amendment 117 #
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 shall have a high level of relevant market experience in project finance and in the ESIF priority investment areas listed in Article 5(2) and be appointed by the Steering Board for a renewable fixed term of three years.
Amendment 135 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a
Article 5 – paragraph 2 – subparagraph 1 – point a
a) development of infrastructure, including in the areas of transport, particularly in industrial centres and remote areas; energy, in particular energy interconnections; and digital infrastructure;
Amendment 138 #
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) On 13 January 2015, the European Commission presented a Communication on flexibility within the Stability and Growth Pact establishing a strong link with the European Fund for Strategic Investments. The Communication clarifies that national contributions to the European Fund for Strategic Investments would be excluded from the calculation of debt and deficit for all Member States. However, for some Member States, especially those under adjustment programmes, it would be impossible to raise such funds and hence would not be able to benefit from this flexibility. In order to create a level playing field, make adjustment smoother and improve debt sustainability, there should be a provision in economic adjustment programmes for a contribution through ESM loans (article 16 of ESM Treaty) to the EFSI for boosting of investment in the programme country until a direct contribution of the ESM is possible following the creation of an appropriate new financial assistance instrument according to Article 19 of the ESM Treaty.
Amendment 182 #
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
2. The Commission and the EIB shall develop, update and disseminate, on a regular and structured basis, information on current and future investments which significantly contribute to achieving EU policy objectives. In the transport sector, the priorities shall be those specified in Regulation (EU) No 1315/2013 (TEN-T) and 1316/2013 (Connecting Europe Facility).
Amendment 602 #
Proposal for a regulation
Article 1 – paragraph 2 a (new)
Article 1 – paragraph 2 a (new)
2a. The EFSI agreement shall be open to accession by the ESM in the context of a Member State's adjustment programme when an appropriate ESM financial assistance tool is made available.
Amendment 757 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. The EFSI Agreement shall provide that the EFSI shall be governed by a Steering Board, which shall determine the strategic orientation, the strategic asset allocation and operating policies and procedures, including the investment policy of projects that EFSI can support and the risk profile of the EFSI,. When establishing the investment policy of projects that EFSI can support and the risk profile of the EFSI, the Steering Board shall take into account the need for significantly higher risk-taking than normal EIB operations in order to effectively reduce the investment gap by addressing market failures and high sector-specific and country-specific risks in conformity with the objectives under Article 5(2). The Steering Board shall elect one of its members to be Chairperson.