Activities of Thomas MANN related to 2015/2127(INI)
Shadow opinions (1)
OPINION on European Investment Bank (EIB) – Annual Report 2014
Amendments (14)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Takes note ofWelcomes the 2014 EIB Annual Report and the increase by 6.92% to EUR 80.3 billion in the EIB Group’s lending; is very concerned at the increasing high unemployment, inequality and poverty levels, weak investment and the continuous uncertainty in the financial market some Member States; emphasises, at the same time, the signs of economic recovery in many Member States: according to the IMF, the growth rate in the eurozone will be 1.2% in 2015 and 1.4% in 2016 and the market situation for young people has improved, as reflected in significant falls in the unemployment figures in many Member States;
Amendment 17 #
Draft opinion
Paragraph 2
Paragraph 2
2. Regrets that EU investment in 2013 decreased by 13% compared with the pre- crisis period with investment in some countries decreasing 25% and even by as much as 60% in others, creating a dangerous investment imbalance in the EU; is of the opinion that this constitutes a major challenge for the EIB; welcomes the fact that the volume of loans granted by the EIB is at its highest level since 2009; endorses the EUR 10 billion increase in the EIB’s capital agreed by all the Member States in 2012 as shareholders in the EIB;
Amendment 22 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes the urgent need for an increase in EIB lending activitat there is a significant shortfall in investment in the EU; calls for the Commission initiative to mobilise EUR 315 billion in new investment through the European Fund for Strategic Investments (EFSI) to be implemented without delay;
Amendment 39 #
Draft opinion
Paragraph 4
Paragraph 4
4. Calls on the EIB to re-examine its strategic planning programme, given the high degree of concentration of funding for the four biggest economies in the EU accounting for more than 45%, and the disproportionate rise in unemployment levels in some other countries which remains at alarming levels, and which could hamper economic convergence in the EU and further damage growth prospects and social cohesion in specific countries and regions in the EUWelcomes the fact that the EIB has responded to the sovereign debt crisis by expanding its activities significantly and even by doubling its investment activity in the countries worst affected;
Amendment 47 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Emphasises that expanding the EIB’s financing activities is no substitute for consolidated budgets and structural reforms in the Member States;
Amendment 48 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Emphasises that investment, structural reforms and sound budgetary policies must be part of an overall strategy;
Amendment 55 #
Draft opinion
Paragraph 5
Paragraph 5
5. Takes note of the establishment of the European Fund for Strategic Investment (EFSI) and emphasises the need for the EFSI to function in an effective, transparent and fair way and to take into account that priority should be given to projects in strategic sectors, countries in adjustment programmes and regions which have difficulties in attracting funding because of their high risk environmentwhich meet the criteria laid down in the EFSI regulation;
Amendment 64 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Emphasises that the EIB should give priority to innovation-based projects which offer clear European value added;
Amendment 65 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Endorses the paradigm shift away from the use of public funds in the form of subsidies and towards loans and guarantees designed to mobilise private capital;
Amendment 66 #
Draft opinion
Paragraph 5 c (new)
Paragraph 5 c (new)
5c. Welcomes the greater emphasis the EIB is placing on supporting small and medium-sized enterprises; calls on the EIB to cooperate more closely with regional public institutions with a view to optimising the financing possibilities for SMEs;
Amendment 67 #
Draft opinion
Paragraph 5 d (new)
Paragraph 5 d (new)
5d. Welcomes the improvements to the EIB’s advisory services, which will make for more efficient use of EU funds and more effective preparation and implementation of projects;
Amendment 96 #
Draft opinion
Paragraph 7
Paragraph 7
7. Calls on the EIB to re-evaluate the private-public partnerships in terms of their profitability for the relevant economies and societies and to examine alternative methods of funding, possibly through increasing public investments;
Amendment 117 #
Draft opinion
Paragraph 8
Paragraph 8
8. Calls on the EIB to further enhance transparency and access to information both internally and for the public, especially regarding the selection, monitoring and evaluation of activities and programmes, provided that no sensitive business information is involved;
Amendment 121 #
Draft opinion
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Calls on the EIB to review is administrative procedures with a view to speeding up the loan award process;