10 Amendments of Markus FERBER related to 2016/2064(INI)
Amendment 12 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the large investment gap in Europe, which the Commission estimates at a minimum of EUR 200-300 billion a year; , highlights in particular, against this backdrop, the market needs in Europe for high-risk financing, for instance in the fields of R&D, energy and ICT; is concerned by the fact that the most recent data on national accounts do not indicate any surge in investment since the European Fund for Strategic Investments (EFSI) was launched, leading to risks of continued subdued growth and continuing high unemployment rates; stresses that closing this investment gap is key to reviving growth, fighting unemployment and attaining long-term EU policy objectives; stresses that the best way to close this funding gap is to improve the regulatory environment for private investment;
Amendment 26 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Emphasises that EFSI was launched to help resolve difficulties and remove obstacles to financing as well as to implement strategic, transformative and productive investments that provide a high level of added value to the economy, the environment and society and for which market funding is not obtained despite economic feasibility;
Amendment 77 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Notes that, while all projects approved under EFSI are presented as ‘special activities’, an independent evaluation has found that some projects could have been financed otherwise; notes this creates a serious risk of driving private investment from the market;
Amendment 85 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Stresses that project criteria should in no way be slackened simply for the sake of achieving the political target of EUR 315 billion in mobilised investments;
Amendment 97 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Urges the EIB to comply fully with the letter and the spirit of the EFSI Regulation and to implement real additionality; calls on the EIB to document carefully investment additionality, using appropriate parameters;
Amendment 172 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Considers it important to discuss whether the envisaged leverage of 15 is appropriate to enable EFSI to support high quality projects bearing a higher risk; invitescalls on the EIB to weigh up complementing the volume requirement with secondary goals to be achievedisclose the leverage achieved to date, together with the underlying calculation method;
Amendment 289 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Acknowledges that GDP and the number of projects approved are linked; recognises that larger Member States are able to take advantage of more developed capital markets and are therefore more likely to benefit from a market-driven instrument such as EFSI; underlines that lower EFSI support in EU-13 may be attributable to other factors, such as the small size of projects, and competition from the European Structural and Investment Funds (ESIF); observes with concern, however, the disproportionate benefit to certain countries and underlines the need to diversify geographical distribution further, especially in crucial sectors such as modernising and improvstresses that geographical diversification of the ESIF must not in any way underminge the productivity and sustainability of economiesject criteria;
Amendment 329 #
Motion for a resolution
Paragraph 43
Paragraph 43
43. Notes that the Commission has proposed an extension of EFSI, both in terms of duration and financial capacity, and that this would have an impact on the EU budget; expresses its intention to put forward alternative financ; stresses that the structural investment gap in the European Union cannot be closed by the ESIF and that structural interventions ing proposalsarticular are needed;
Amendment 386 #
49. Acknowledges that EFSI alone - and on a limited scale- will probably not be able to close the investment gap in Europe, but that it never; stresses that thel besst constitutes a central pillar of the EU’s investment plan and signals the EU’s determination to tackle this issuehance of closing this funding gap is to improve the regulatory environment for private investment; calls for further ambitious proposals to be made on how to permanently boost investment in Europe;
Amendment 391 #
Motion for a resolution
Paragraph 49 a (new)
Paragraph 49 a (new)
49a. Stresses that swift implementation of the Capital Markets Union could make a significant contribution to closing the investment gap;