5 Amendments of Jörg MEUTHEN related to 2019/2126(INI)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Highlights the importance of the activities of the European Investment Bank (EIB) to increase the current levels ofrestoring investment activity in the EU, which areis below historical averages and insufficient to fulfil the EU’s sus; stresses that more risk-takinability, social and innovation ambitions; stresses thg by the EIB should be avoided, giving the fragile nature of the investment climate in order to achieve these ambitions, more risk-taking by the EIB may be necessary in parallel to increasing equity and the development of expertise in innovative funding instruthe EU due to the ultra-accommodative interest policies of the ECB, which may have given rise to asset bubbles throughout European markets, and has contributed to the zombification of up to 10% of European undertakings, according to the 2018 Economic Activity report of the Bank of International Settlements; calls for adequate decapitalisation of the EIB to allow for the use of innovative instruments in the financing of projects with substantial potential sustainability, social and innovation gainsfollowing Brexit, taking into account that the UK accounts for 18% of the banks capital;
Amendment 15 #
Draft opinion
Paragraph 2
Paragraph 2
2. WelcomeRejects the commitment by the Commission President-elect to turn sections of the EIB into a climate bank, and the commitments from the EIB President to increase the share of EIB financing for climate action and environmental sustainability to at least 50 % by 2025 and to align all EIB financing activities with the goals of the Paris Agreement by the end of 2020; calls on the Commission to p, since this will contribute to the emergence of gresent an ambitious new European Sustainable Investment Plan, including additional financial commitments, as soon as possible, and to fully support the EIB in its sustainability ambitionssset bubbles throughout the EU, which threatens the resilience and sustainability of European financial markets; calls on the Commission to refrain from presenting an overly ambitious new European Sustainable Investment Plan;
Amendment 27 #
Draft opinion
Paragraph 3
Paragraph 3
Amendment 37 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that the key quantitative target of the European Fund for Strategic Investments (EFSI) of mobilising EUR 500 billion of additional private and public investment should be replaced by measurable targets on sustainability and social impact in future investment strategies; calls on the EIB to increase the share of EFSI and InvestEU financing to projects that substantially contribute to the EU’s sustainability and social objectives; calls on the Commerased; recalls that the EIB is the bank of the Member States, which are its shareholders, and therefore not an EU Institution, which means they should decide on investment decission to ensure that InvestEU’s sustainability- proofing methodologies are fully consistent with s, without any interference by the Commission or other EU’s sustainability objective institutions;
Amendment 69 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls on the EIB group to be more transparent about its economic operations, its use of the EU budget guarantee, the additionality of EIB operations and on possible future plans for a development subsidiary at the EIB, and for the EIB group to improve its accountability on these issues; calls for a memorandum of understanding between the EIB and Parliament to improve access to EIB documents and data related to strategic orientation and financing policies in the future in order to strengthen the Bank’s accountability.