Eero HEINÄLUOMA, Aurore LALUCQ, René REPASI

Proposal for a directive
Article 2 – paragraph 1 – point 16

The costs used for the development of benchmarks shall, in addition to the total product cost, also include all costs of distribution~~, inclusive inducements~~. They shall allow comparison with individual cost components.

2023/11/09
Committee: ECON

2023/0167(COD)

Eero HEINÄLUOMA, Aurore LALUCQ, René REPASI

Proposal for a directive
Article 2 – paragraph 1 – point 16

Directive 2016/97
Article 25 – paragraph 12 a (new)

12a. EIOPA shall organise and conduct a peer review, at least once every two years, in cooperation with national competent authorities regarding the implementation of the obligation described in this Article.

2023/11/09
Committee: ECON

2a. Member States shall ensure that a DGS of a host Member State may, subject to an agreement with a DGS of a home Member State, act as the point of contact for depositors at credit institutions that exercise the freedom to provide services as referred to in Title V, Chapter 3, of Directive 2013/36/EU, and shall be compensated for the costs incurred. DGS of a home Member State shall provide to the DGS of the host Member State information on the number of depositors, amount of covered deposits and possible relevant changes to these.

2023/11/06
Committee: ECON

Eero HEINÄLUOMA

Proposal for a regulation
Recital 2

(2) Several years into its implementation, the Union resolution framework as currently applicable does not deliver as intended with respect to some of those objectives. In particular, while institutions and entities have made significant progress towards resolvability and have dedicated significant resources to that end, in particular through the build-up of the loss absorption and recapitalisation capacity and the filling-up of resolution financing arrangements, the Union resolution framework is seldom resorted to. Failures of certain smaller and medium- sized institutions and entities are instead mostly addressed through unharmonised national measures. Taxpayer money is used rather than resolution financing arrangements. That situation appears to arise from inadequate incentives. Those inadequate incentives result from the interplay of the Union resolution framework with national rules, whereby the broad discretion in the public interest assessment is not always exercised in a way that reflects how the Union resolution framework was intended to apply. At the same time, the Union resolution framework saw little use due to the risks for depositors of deposit-funded institutions to bear losses to ensure that those institutions can access external funding in resolution, in particular in the absence of other bail-inable liabilities. Finally, the fact that there are less stringent rules on access to funding outside resolution than in resolution has discouraged the application of the Union resolution framework in favour of other solutions, which often entail the use of taxpayers’ money instead of the own resources of the institution or entity or industry-funded safety nets. That situation in turn generates risks of fragmentation, risks of suboptimal outcomes in managing institutions and entities’ failures, in particular in the case of smaller and medium-sized institutions and entities, and opportunity costs from unused financial resources. It is therefore necessary to ensure a more effective and coherent application of the Union resolution framework and to ensure that it can be applied whenever that is in the public interest, including for smaller and medium- sized institutions ~~primarily funded through deposits and without sufficient other bail-inable liabilities~~.

2023/11/06
Committee: ECON

2023/0111(COD)

Eero HEINÄLUOMA

Proposal for a regulation
Recital 10

(10) The level of the MREL for resolution entities is the sum of the amount of the losses expected in resolution and the recapitalisation amount that enables the resolution entity to continue to comply with its conditions for authorisation and enabling it to pursue its activities for an appropriate period. Certain preferred resolution strategies entail the transfer of assets, rights and liabilities to a recipient and market exit, in particular the sale of business tool. In those cases, the objectives pursued by the recapitalisation component might not apply to the same extent as in the case of an open-bank bail-in strategy, because the Board will not be required to ensure that the resolution entity restores compliance with its own funds requirements after resolution action. Nevertheless, the losses in such cases are expected to exceed the resolution entity’s own funds requirements. It is therefore appropriate to lay down that the level of the MREL of those resolution entities continues to include a recapitalisation amount that is adjusted in a way which ~~is proportionate to~~supports the resolution strategy.

2023/11/06
Committee: ECON

2023/0111(COD)

Eero HEINÄLUOMA

Proposal for a regulation
Recital 19

(19) The assessment of whether the resolution of an institution or entity is in the public interest should also reflect, to the extent possible, the difference between, on the one hand, funding provided through industry-funded safety nets (resolution financing arrangements or deposit guarantee schemes) and, on the other hand, funding provided by Member States from taxpayers’ money. Funding provided by Member States bears a higher risk of moral hazard and a lower incentive for market discipline. Therefore, when assessing the objective of minimising reliance on extraordinary public financial support, the Board should find funding through the resolution financing arrangements or the deposit guarantee scheme, preferable to funding through an equal amount of resources from the budget of Member States.deleted

2023/11/06
Committee: ECON

2023/0111(COD)

Eero HEINÄLUOMA

Proposal for a regulation
Recital 31

(31) In certain circumstances, after the Single Resolution Fund has provided a contribution up to the maximum of 5 % of the institution or entity’s total liabilities including own funds, the Board may use additional sources of funding to further support their resolution action. It should be specified more clearly in which circumstances the Single Resolution Fund may provide further support where all liabilities with a priority ranking lower than deposits that are not mandatorily or discretionarily excluded from bail-in have been written down or converted in full.

2023/11/06
Committee: ECON

2023/0111(COD)

Eero HEINÄLUOMA

Proposal for a regulation
Article 1 – paragraph 1 – point 16

Regulation (EU) No 806/2014
Article 13c – paragraph 7

7. The Board shall inform the Commission, the ECB, the relevant national competent authorities and the relevant national resolution authorities and the relevant national ministries of any action taken pursuant to paragraphs 4 and 5 without delay.

2023/11/06
Committee: ECON

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Citation 9 a (new)

— having regard to the Council conclusions on women, peace and security of 14 November 2022,

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Citation 13 a (new)

— having regard to the fourth and final Annual Review Conference of the Civilian CSDP Compact on 16 November 2022,

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Recital D a (new)

D a. whereas Member States are responsible for providing missions’ capability requirements, pursuant to art 42 TEU;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Recital D b (new)

D b. whereas EU CSDP missions and operations are often targeted by hybrid threats, including disinformation, putting at risk their effectiveness in stabilising the country in which they are deployed;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 1 a (new)

1 a. Calls on EU Member States to agree on an ambitious new Civilian CSDP Compact by mid 2023, as stipulated in the Strategic Compass, in order to renew their commitment to strengthening civilian CSDP, their shared political ownership of it and their commitment to reinforce and bridge the gaps in civilian CSDP missions;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 2 a (new)

2 a. Calls on EU member states to renew their commitment to increase national contributions to civilian CSDP missions, especially in terms of human resources;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 4 – point g

g) the security-climate nexus, by mainstreaming climate change and environmental degradation, as it relates to security challenges, while taking concrete steps to reduce the footprint of the missions with the aim to achieve climate- neutrality by 2050 in line with the goals set out under the European Green Deal,

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 4 – point h

h) civil-military cooperation, by promoting the rule of law and accountability, including by strengthening the justice chain and capabilities to respond effectively to security challenges;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 5 a (new)

5 a. Emphasises that all EU engagements must be credible in the eyes of local and regional populations and authorities, building on close and honest cooperation with host nations, and must maintain frequent communication between mission personnel, national authorities and the broader population;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 5 b (new)

5 b. Recalls that civilian missions must pay special attention to conflict dynamics, robust risk assessment and mitigation processes, and must include more impact- based monitoring and evaluation of CSDP interventions as well as more consultation and feedback mechanisms;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 6

6. Calls for the new Civilian CSDP Compact to be used to strive for the full, equal and meaningful participation of women in civilian CSDP, ~~including, as a first step, to increase the participation of women to at least 40 % across missions and at all levels by 2024;~~ highlights women’s significant contribution in CSDP missions and operations success and as a driver of the EU’s credibility as a proponent of equal rights for men and women worldwide; recalls the EU’s Gender Action Plan (GAP) III (2020- 2024), which requires systematic integration of a gender perspective in all EU policies and external actions including the CSDP; urges the Member States and EEAS to promote an increase in the number of women in CSDP operations, including, as a first step, to increase the participation of women to at least 40 % across missions and at all levels by 2024; calls on EU Member States to commit to gradually achieve gender parity in the appointments of heads of mission and other senior leadership positions; encourages their close cooperation with local civil society actors in promoting gender equality and gender mainstreaming where possible;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 10 a (new)

10 a. Calls for the implementation of sustainable, long-term capacity building and training as part of civilian CSDP missions, where possible and required, such as “train-the-trainer” programs, in order to ensure the long-term viability and success of the missions;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 11

11. Calls for clear exit strategies for civilian missions, allowing for swifter closure of missions when operational and political objectives are met, and also when those are not met;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 12 a (new)

12 a. Further welcomes the proposed creation of the Rapid Deployment Capacity (RDC); underlines the RDC’s main tasks, which will include amongst others, rescue and evacuation operations, temporary reinforcement of other missions and acting as a reserve force to secure exit; stresses in this regard the need to create contingency plans for each Civilian CSDP mission in coordination with the Military Planning and Conduct Capability (MPCC), the CPCC and the RDC in anticipation of potential emergency situations where the RDC may be required;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 14 a (new)

14 a. Calls on EU member states to maintaining a commitment in the new compact to develop the full range of capabilities needed to undertake and sustain civilian crisis management missions, including mission support and generic capabilities, and commit to specific measures to enhance their availability for civilian CSDP missions;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS

Motion for a resolution
Paragraph 15

15. Deplores the fact that in spite of being one of the core commitments in the Compact, civilian CSDP missions persistently suffer from Member States not delivering on their pledges to provide sufficient personnel, with 10 Member States currently providing 78 % of seconded personnel, and 17 Member States only 22 %; calls on ~~all M~~EU member Sstates to ~~ensure that they provide seconded staff to fill 100 % of all op~~maintain a commitment in the new compact to raise jointly the number and share of seconded personnel to at least 70% of international p~~ositions and to provide at least 60 % of the seconded staff for non-~~ersonnel across all missions and at all levels, while aiming for 100% seconded personnel in operational positions;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 16

16. Stresses the need to reform the human resources policy and management system, and to ensure that the working conditions in civilian CSDP missions contribute to a safer and more inclusive environment; welcomes the EEAS’s efforts to address weaknesses in the support provided to staff in missions, including the revision of the Code of Conduct, with a particular focus on human rights principles; calls on the EEAS to examine ways aimed at reducing staff turnover and vacancy rates, including amongst others, extending deployment time;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 19 a (new)

19 a. Emphasises the significance of coordinated action on a Union level to effectively prevent and counter hybrid threats faced by civilian CSDP missions; welcomes the joint communication on an EU cyber defence policy, noting the importance of cyber resilience for CSDP missions and the decision to develop an EU hybrid toolbox for a coordinated response to hybrid campaigns; stresses the need to further develop the EU’s cyber- defence policy and capabilities, including the setting up of cyber rapid response teams and their expansion towards supporting civilian CSDP missions; reiterates the urgent need to develop their strategic communication capabilities including secure communication systems drawing on the EU’s secure connectivity programme;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 19 b (new)

19 b. Stresses the importance of fighting adverse disinformation aimed at Civilian CSDP missions by malicious state and non-state actors; calls on the EEAS to take concrete steps to support CSDP missions through strengthening the capacities of the StratCom division and ensuring the provision of well-trained personnel at each mission, responsible for monitoring, reporting and countering disinformation where possible;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 19 c (new)

19 c. Welcomes the proposal, enshrined in the Strategic Compass, to enable a more rapid deployment of Civilian CSDP missions; underlines in this regard the stated aim to deploy up to 200 experts within 30 days; stresses therefore the need to modify decision-making procedures, including examining a shift towards qualified majority voting for certain aspects of the missions;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 19 d (new)

19 d. Calls on the EEAS to develop, together with Commission services and Member States, a structured and regular civilian capability development process by 2024;

2023/02/15
Committee: AFET

2022/2196(INI)

Javi LÓPEZ, Eero HEINÄLUOMA, Attila ARA-KOVÁCS, Sven MIKSER

Motion for a resolution
Paragraph 21 a (new)

21 a. Highlights the need of ensuring a more robust and realistic CFSP budget that matches the needs of new and ongoing civilian CSDP missions and its rapid, flexible and cost-efficient use to support them, ensuring sound financial management and careful prioritisation of existing resources;

2023/02/15
Committee: AFET

2022/2150(INI)

Jonás FERNÁNDEZ, Marek BELKA, Alfred SANT, Margarida MARQUES, René REPASI, Csaba MOLNÁR, Aurore LALUCQ, Marc ANGEL, Joachim SCHUSTER, Eero HEINÄLUOMA, Costas MAVRIDES, Pedro SILVA PEREIRA, Pedro MARQUES

Motion for a resolution
Recital B

B. whereas the EU labour market has proved particularly resilient, with an additional two million people in employment, leading to a record low unemployment rate of 6.2 % in 2022; whereas according to the Commission’s autumn economic forecast the public sector was a key contributor to the increase in employment; whereas despite labour market tightness wage growth has remained moderate and has failed to keep up with inflation, implying real wage losses of, on average, 8% between Q4 2020 and Q2 2022 in the Euro Area according to ECB research13a; whereas the unemployment rate is expected to increase slightly in 2023 (6.5 %), before marginally coming down again in 2024 (6.2 %); _________________ 13a https://www.ecb.europa.eu/press/blog/date /2022/html/ecb.blog221125~d34babdf3e.e n.html

2023/01/11
Committee: ECON

2022/2150(INI)

Jonás FERNÁNDEZ, Marek BELKA, Alfred SANT, Margarida MARQUES, René REPASI, Csaba MOLNÁR, Aurore LALUCQ, Marc ANGEL, Joachim SCHUSTER, Paul TANG, Eero HEINÄLUOMA, Costas MAVRIDES, Pedro SILVA PEREIRA, Pedro MARQUES

Motion for a resolution
Recital C a (new)

C a. whereas inflation has a differentiated impact across income groups, with low-income groups suffering proportionally more especially as inflation is mainly driven by price developments in essential goods that cannot be substituted and make up a relatively larger share of the consumption basket of low-income households; whereas such differentiated impacts cause a veritable cost-of-living crisis for parts of the population that poses challenges to social cohesion;

2023/01/11
Committee: ECON

2022/2150(INI)

Jonás FERNÁNDEZ, Marek BELKA, Alfred SANT, Margarida MARQUES, René REPASI, Csaba MOLNÁR, Aurore LALUCQ, Marc ANGEL, Joachim SCHUSTER, Eero HEINÄLUOMA, Costas MAVRIDES, Pedro SILVA PEREIRA, Pedro MARQUES

Motion for a resolution
Recital D a (new)

D a. whereas inflation and economic forecasts are operating under the conditions of heightened uncertainty, with key risks, especially to growth, continuing to be pitched to the downside; whereas such uncertainty compels the EU and Member State governments to remain vigilant and to take rapid action if risks materialise;

2023/01/11
Committee: ECON

2022/2150(INI)

Jonás FERNÁNDEZ, Marek BELKA, Alfred SANT, Margarida MARQUES, René REPASI, Csaba MOLNÁR, Aurore LALUCQ, Marc ANGEL, Joachim SCHUSTER, Eero HEINÄLUOMA, Costas MAVRIDES, Pedro SILVA PEREIRA, Pedro MARQUES

Motion for a resolution
Paragraph 1 a (new)

1 a. Notes that the European Systemic Risk Board has issued a warning on 22 September 2022 calling for heightened awareness with regards to financial stability risks resulting from sharply falling asset prices; is concerned that rising mortgage rates and the deterioration in debt servicing capacity due to a decline in real household income may cause further distress for families and for financial markets;

2023/01/11
Committee: ECON

2022/2150(INI)

Jonás FERNÁNDEZ, Marek BELKA, Alfred SANT, Margarida MARQUES, René REPASI, Csaba MOLNÁR, Aurore LALUCQ, Marc ANGEL, Joachim SCHUSTER, Eero HEINÄLUOMA, Costas MAVRIDES, Pedro SILVA PEREIRA, Pedro MARQUES

Motion for a resolution
Paragraph 2 a (new)

2 a. Welcomes the European Commission’s call on Member States to deliver targeted measures to offset the impact of high energy prices on vulnerable households and companies; agrees with the European Commission in stressing that such measures should maintain incentives for energy savings; recalls that Member States find themselves in starkly diverging positions regarding the fiscal space available to them; notes that this situation entails the risk of furthering divergence between Member States as the energy crisis continues;

2023/01/11
Committee: ECON

2022/2150(INI)

Jonás FERNÁNDEZ, Marek BELKA, Alfred SANT, Margarida MARQUES, René REPASI, Csaba MOLNÁR, Aurore LALUCQ, Marc ANGEL, Joachim SCHUSTER, Paul TANG, Eero HEINÄLUOMA, Costas MAVRIDES, Pedro SILVA PEREIRA, Pedro MARQUES

Motion for a resolution
Paragraph 2 b (new)

2 b. Notes the increased need for fiscal space in most Member States; underlines that in periods of increasing interest rates, Member States should also consider raising more revenues on higher earners or on industries and firms that are highly profitable; notes how a healthy balance between government revenues and expenditures is also necessary to reduce legacy debt and to build up buffers in times of economic recovery;

2023/01/11
Committee: ECON

2022/2150(INI)

Jonás FERNÁNDEZ, Marek BELKA, Margarida MARQUES, René REPASI, Csaba MOLNÁR, Aurore LALUCQ, Marc ANGEL, Joachim SCHUSTER, Paul TANG, Eero HEINÄLUOMA, Pedro SILVA PEREIRA, Pedro MARQUES

Motion for a resolution
Paragraph 6 a (new)

6 a. Recalls that since 2017, some provisions in Member States’ bodies of national legislation were assessed to determine whether they facilitated aggressive tax planning and that, since 2019, six Member States received Country Specific Recommendations (CSRs) aiming at addressing features of the tax system that may facilitate aggressive tax planning; notes that those Member States made commitments in their NRRPs to reform their tax policies in order to fight aggressive tax planning; welcomes the fact that some jurisdictions already implemented some of those changes; however regrets the delays in implementation in others; regrets that, in the Recommendations of the Commission for 2022, only two Member States still received a CSR on aggressive tax planning while some have not implemented any change yet but still did not receive the Recommendation;

2023/01/11
Committee: ECON

2022/2150(INI)

Jonás FERNÁNDEZ, Marek BELKA, Alfred SANT, Margarida MARQUES, René REPASI, Csaba MOLNÁR, Aurore LALUCQ, Marc ANGEL, Joachim SCHUSTER, Paul TANG, Eero HEINÄLUOMA, Pedro SILVA PEREIRA, Pedro MARQUES, Costas MAVRIDES

Motion for a resolution
Paragraph 11 b (new)

11 b. Highlights the need for common criteria that ensure, despite more country- specific flexibility in debt reduction, that all Member States are assessed according to the same standards, are treated equally, and that policy outcomes are predictable; notes that such common criteria should include criteria for the definition of Member States’ debt reduction paths; stresses that debt reduction should be delivered in a growth-friendly way and that underlying regulatory criteria should be defined in relation to Member States’ output and expenditure growth;

2023/01/11
Committee: ECON

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Citation 2 a (new)

— having regard to the Council conclusions of 19 November 2018 on the establishment of a Civilian CSDP Compact,

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Recital A

A. whereas the European Union has extensive experience in deploying multinational missions abroad in order to promote peace, security and progress in Europe and in the world; whereas these common security and defence policy (CSDP) missions regularly operate alongside and complement missions of the Member States, United Nations, international organisations and third countries; whereas the simultaneous presence of various actors as well as missions and operations in one conflict area underlines the importance of coordination and division of labour with a view to improving coherence and effectiveness of efforts;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Recital B

B. whereas CSDP missions regularly depend on the effective performance of third-party missions, reliable cooperation, timely information sharing and sincere host nation support and ownership; whereas the lack of any of these can jeopardise the implementation of a CSDP mission’s mandate and could ultimately lead to the withdrawal of EU forces; whereas mandates should set clearly defined objectives for EU missions and operations, including a timetable for their attainment, as well as a comprehensive exit strategy;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Recital C

C. whereas the premature termination of CSDP missions leaves populations unprotected and makes weak host nation authorities vulnerable, thereby opening up opportunities for state and non-state actors, including terrorists and extremists, and including those sponsored by our global competitors; whereas consideration for controlled phasing out of missions and operations or for transfer to other EU instruments is therefore crucial for the achievement of sustainable and comprehensive results in host countries;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Recital D

D. whereas the European Union and its Member States should strive for autonomy when preparing, conducting and sustaining their CSDP missions; whereas the Union should be capable of rapidly deploying multidimensional and modular forces, swiftly reinforcing them where needed and sustaining them as long as required and without depending on third-party support;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Recital G

G. whereas building capabilities and adapting them to military needs requires a common strategic culture and threat perception as well as solutions to be developed and combined in doctrine and concepts, the organisation and structure of forces, regular individual, collective and multinational training, defence materiel development, procurement and life-cycle management, military leadership development, staff recruitment and development, defence infrastructures, installations and facilities, interoperability and standardisation;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Recital K

K. whereas a comprehensive approach is a prerequisite for achieving sustainable results in enhancing security and stability in conflict areas; whereas the EU’s integrated approach provides for the coherent use of different instruments at various stages of conflicts; whereas the integrated approach is also meant to prioritise prevention and promote the human security of local populations over narrow self-interests;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Recital N

N. whereas Article 44 has never been used, and is ambiguous in terms of how it would work in practice in specific cases; whereas Article 44 provides for possibilities to react within an EU framework in a more rapid and flexible manner to various crises with the aim of safeguarding the Union’s values and interests;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Recital P

P. whereas financing of the battlegroups has contributed towards disincentivising their use; whereas the scope of common costs for the rapid deployment capacity should therefore be extended; whereas, in line with Article 41 of the TEU, the administrative and operating expenditure for the RDC should be charged to the Union budget except for expenditure that is covered by the European Peace Facility, notwithstanding the possibility for participating Member States to make free- of-charge contributions to the RDC;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Paragraph 1

1. Welcomes the VP/HR’s proposal, enshrined in the Strategic Compass, to establish an RDC; stresses the importance of the EU having the necessary capabilities and structures to take action rapidly and decisively during crises in order to serve and protect the Union’s citizens, interests and values across the world; underlines, in this regard, the EU Threat Analysis as a starting point for shaping the RDC; calls for needs identified within the regularly updated Threat Analysis and developments in the operating environment to be taken into account in the RDC;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Paragraph 2 – point b

(b) The RDC’s tasks should reflect the needs identified in the EU Threat Analysis and should include, but not be limited to, rescue and evacuation operations, initial entry and initial phase of stabilisation operations, temporary reinforcement of other missions, and acting as a reserve force to secure exit; the Council could assign further tasks as referred to under Article 44 of the TEU, and the duration and scope of the assignments should be consistent with resources allocated to the RDC;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Paragraph 2 – point d

(d) The RDC should frequently simulate scenarios and hold regular joint live exercises in an EU framework and coordinated by the Military Planning and Conduct Capability to increase readiness and interoperability, following uniform training and certification standards such as those in NATO;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Paragraph 3

3. Calls on the Member States to transform the EU battlegroup system to match the needs of the RDC; calls for an extended scope of common costs for the RDC; considers that the EU battlegroups should be funded from the Union budget during their stand-up, stand-by and stand- down phases;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Paragraph 5

5. Points out that the RDC should have permanent operational headquarters under the Military Planning and Conduct Capability in order to ensure its effectiveness; calls, in this regard, for the development of the MPCC into a full command and control structure, capable of planning, controlling and commanding non-executive and executive tasks and operations, as well as joint live exercises;

2022/12/01
Committee: AFET

2022/2145(INI)

Eero HEINÄLUOMA, Javi LÓPEZ

Motion for a resolution
Paragraph 5 a (new)

5a. Underlines the importance of close coordination between military and civilian structures; calls, in this regard, for coordination between the MPCC and the Civilian Planning and Conduct Capability (CPCC) in order to ensure the best synergies and sustainable results following the EU’s integrated approach to external conflicts and crises;

2022/12/01
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 1

1. ~~Underline~~Regrets that the EU’s defence sector is fragmented, which creates strategic vulnerabilities for the Union, Member States and industry; is concerned about the lack of coordination and calls for more strategic cohesion in security and defence policies at Union level; welcomes, in this context, the Commission’s launch of the European Defence Industry Reinforcement through common Procurement Act (EDIRPA) and encourages the Commission and Member States to take this initiative a step further and strive towards a ~~de facto military u~~genuine European Defence Union supported by a strongly articulated common market for defence equipment, followed by a review of the Treaties for more EU competences on critical technologies ~~for defence,~~and innovation in ~~defence, and~~ security and defence affairs;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 2

2. Calls on the relevant EU bodies to consolidate EU cooperative frameworks for developing cutting-edge military capabilities and for EU-level legislation to coordinate Member States’ strategies for critical technologies and to reduce dependencies; underlines, in this regard, the need to collaboratively invest in the research and development of emerging and disruptive technologies;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 2 a (new)

2 a. Regrets that the combined defence research and technology (R&T) spending of Member States in 2020 amounted to only 1.2 percent of their total defence spending, far below the 2 percent benchmark agreed within the framework of the European Defence Agency;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 2 b (new)

2 b. Calls on the Commission to assess the coherence and complementarity of existing EU programmes with a view to identifying support gaps and promoting synergies; calls for this assessment to be taken into account when preparing the next multiannual financial framework (MFF); calls, likewise, for increased funding opportunities for defence to be considered within the context of the upcoming MFF review;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 3

3. Calls on the Commission to encourage Member States to review all defence programmes and policy tools, check if they are still fit for purpose, and summarise findings; ~~suggest~~considers that the European Defence Agency ~~can provide light touch~~(EDA) is well placed to ensure the coherence of innovation activities among European actors in the defence sector; calls, in this regard, for the strengthening of its role in providing support and coordination suggestions~~, includ~~ for Member States, following a strategic assessment of the findings;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 4

4. Calls for a more pragmatic and ~~business-orient~~needs-based approach to military research in order to provide incentives for innovation in military technology, including by reducing or removing barriers to entry into the defence market; further calls for increased support for European companies in emerging technologies to ensure they remain competitive in international markets by ~~relaxing the rules on compliance documentation and by~~ providing ~~tax~~ incentives ~~and~~with a view to stimulating investments;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 4 a (new)

4 a. Underlines the need to direct investments in ways which least distort competition on the Single Market and maintain fair, open and efficient competition in defence procurement; calls, in this regard, on the Commission to ensure the full enforcement of the Procurement Directive in all Member States;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 4 b (new)

4 b. Stresses the need to ensure and increase the participation of start-ups and small and medium-sized enterprises (SME) in defence initiatives; recognises the importance of support for overcoming technological, financial, administrative, regulatory and other barriers for entry to the market; calls for measures to raise awareness about EU programmes and funding opportunities and to provide support and training for facilitating market entry;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 5

5. ~~Underlines the need~~Recognises that the lack of skills constitutes a significant challenge for sustaining and strengthening the European security and defence industries; underlines the need to take an inclusive and accessible approach in reaching out to all available workforce with a view to ensuring a continuous and sustainable supply of skills and human capital; encourages, in this regard, measures to stimulate the development of skills for innovation, research and development (R&D), and fundamental research in critical areas related to emerging technologies; calls on the Commission to encourage Member States to establish and fund defence innovation hubs;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 5 a (new)

5 a. Underlines that many critical technologies for security and defence increasingly originate in the civilian sector and use dual-use components; stresses, in this regard, the need to strengthen synergies between civilian and defence research and innovation with a view to reducing strategic dependencies, facilitating the sharing of knowledge, enhancing the use of dual-use products and broadening funding opportunities;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 5 b (new)

5 b. Notes that the adoption of common standards across sectors has the potential to contribute to cost savings, innovation and increased interoperability; calls, in this regard, on the Commission to accelerate work on the harmonisation of standards between civil, defence and space industries;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 5 c (new)

5 c. Underlines the need for increased resource efficiency, promotion of recycling of materials, and uptake of sustainable technology solutions; calls on the Commission to accelerate work on the development and application of sustainable security and defence technologies;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 5 d (new)

5 d. Recognises that a secure supply of critical materials, such as rare earth materials, components, and technologies is crucial for the European security and defence industries and the EU’s ability to safeguard its interests; underlines the importance of diversifying supply chains as a means of reducing dependencies on individual third countries;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 6

6. Is concerned about the EU’s dependence on individual third countries, such as China, for raw materials and calls on Member States to reduce their vulnerabilities resulting from dependence on non-democratic suppliers of critical technologies and materials, to avoid the emergence of new dependencies which risk weakening security of supply, and to enhance defence production chains in Europe by localising or near-shoring production;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 7

7. Expresses its support for the Observatory of Critical Technologies; calls on Member States to commit and strengthen collaboration within the framework of the Observatory and for it to be further developed and for its analysis capabilities, including on reducing strategic dependencies, to be enhanced; recognises that the Observatory deals with highly sensitive and classified information; calls, in this regard, for setting up safeguards and building trust among stakeholders with a view to enabling the sharing of information and appropriate handling of data; calls on the Commission to implement a project to continuously map the need for critical materials, evaluate the EU’s strategic dependencies, monitor supply and demand and changes in the behaviour or strategy of competitors, and engage in foresight exercises to predict new needs in critical materials; urges the EU to take an active role in international cooperation forums in order to accelerate the diversification of production chains; considers that these efforts should be made jointly with our strategic partners ~~in NATO and included in~~, such as those in NATO and within the framework of a Trade and Technology Council (TTC) working group in order to coordinate diplomatic efforts to secure supplies and ensure alternative sources;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 8

8. Calls for military ~~and strategic~~ interoperability and strategic alignment between the EU and like- minded partners as well as with the United States and NATO, and among Member States, to be ensured, given that the risk of fragmentation is exacerbated by different national requirements and national public spending ~~and~~, investment and procurement schemes;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 8 a (new)

8 a. Underlines the strategic importance of the partnership with the United States and the need to further deepen mutually beneficial cooperation in security and defence;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 8 b (new)

8 b. Underlines the importance of a strong transatlantic bond as reflected in the EU Strategic Compass and in the NATO Strategic Concept; welcomes the signing of the Joint Declaration on EU- NATO Cooperation on 9 January 2023; calls on the EU and NATO to maintain global technological leadership in military capabilities; welcomes the commitment of the Commission and High Representative to explore possibilities for mutually beneficial cooperation on initiatives in the field of critical technologies;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 8 c (new)

8 c. Considers that the EU is well placed to promote responsible activities as well as good governance and technologies globally, including through its partnerships; urges the Commission and Member States to take global leadership in developing standards that reflect and promote the Union’s interests and values;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 9

9. CEmphasises the need to secure and protect critical European infrastructure and ensure sufficient monitoring and surveillance; calls on the Commission to work on a plan and investment scheme in cooperation with Member States to update critical infrastructure, such as nuclear power plants, electricity grids and telecommunications infrastructure (undersea cables), for the digital age, including by adapting it to AI-assisted drone supervision and maintenance and in line with the new Directive on the resilience of critical infrastructure (CER Directive) and the Revised Directive on security of network and information systems (NIS2 Directive); subsequently calls for the elaboration of an EU R&D and manufacturing strategy for advanced drones;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 9 a (new)

9 a. Calls for measures to mitigate risks for companies that produce critical technologies and face acquisition by entities established in third countries; urges Member States to put in place national screening mechanisms for foreign direct investment (FDI) with potential implications for security;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 9 b (new)

9 b. Reiterates its call on the Commission to develop a stronger regulatory framework to the FDI Screening Regulation, including provisions on monitoring and review of takeovers of companies in sectors vital for security and defence technologies by entities under direct or indirect control of non-partner third countries;

2023/02/08
Committee: AFET

2022/2079(INI)

Eero HEINÄLUOMA, Sven MIKSER, Attila ARA-KOVÁCS, Pedro MARQUES, Tonino PICULA, Juozas OLEKAS

Draft opinion
Paragraph 11

11. Urges the Commission and Member States to strengthen cooperation ~~between~~among the European Union's Defence Innovation Scheme (EUDIS), the EDA’s defence innovation hub and NATO’s Defence Innovation Accelerator for the North Atlantic (DIANA) by supporting joint projects, joint research and joint investment in cutting-edge defence technologies.;

2023/02/08
Committee: AFET

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 1

1. Reiterates its call for a capital increase ~~and~~to allow the Bank to reinforce its support to long-term finance, inclusive sustainable growth, social and regional cohesion and support key real economy investments, which otherwise would not have taken place; stresses that the European Investment Bank (EIB) must maintain its ‘AAA’ rating and retain the confidence of the capital markets;

2023/04/03
Committee: BUDG

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 2

2. Welcomes the financial assistance provided to Ukraine; believes that the continued Russian war of aggression against Ukraine requires an urgent mobilisation of additional resources for the immediate recovery, as well as, longer term reconstruction of Ukraine, focusing on building back better infrastructure, such as energy, agriculture and transport infrastructure; expects the EIB to work closely with relevant partners to establish a coordinated approach to support Ukraine's long-term reconstruction; expects the EIB to provide an overview detailing how much of the support provided is new financing and how much is financing stemming from reallocations from existing programmes;

2023/04/03
Committee: BUDG

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 2 a (new)

2 a. In the context of a worsening economic outlook and increased global competition, expects the EIB to address constraints to EU competitiveness such as high energy prices, lack of skills and insufficient investments into innovation and new technologies;

2023/04/03
Committee: BUDG

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Recital C c (new)

C c. whereas current estimates show that the EU must invest an extra EUR 350 billion a year to achieve its 2030 climate targets;

2023/03/29
Committee: ECON

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 2 b (new)

2 b. Considers InvestEU an important investment tool bringing much needed investment into key areas; however, invites the EIB to assess whether the geographical distribution of financing under InvestEU is balanced;

2023/04/03
Committee: BUDG

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Recital C a (new)

C a. whereas the prices of energy commodities, food, and other raw materials have reached unprecedented high levels and continue to be the source of economic instability in the EU’s economy;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Recital C b (new)

C b. whereas the EIB will support the REPowerEU Plan with an additional EUR 45 billion in loans and equity financing over the next five years;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Recital C d (new)

C d. whereas a more integrated Capital Markets Union would ease the work of the EIB to unlock investment, boosting and diversifying investments in the real economy, in particular in SMEs, and triggering further cross-border equity investment and trade;

2023/03/29
Committee: ECON

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 3

3. AWelcomes that the Bank has already met its target to devote at least half of its resources to climate action and environmental sustainability reaching €36.5 billion in investments in 2022; awaits the review of the Climate Bank Roadmap ahead of COP28; expects full alignment with the 1.5 degree pathway, ~~including the exclusion of blue hydrogen infrastructure and road and highway financing,~~ and the requirement to conduct a solid assessment of less carbon-intensive alternatives and ‘Scope 3’ emissions;

2023/04/03
Committee: BUDG

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 1 a (new)

1 a. Appreciates the way the EIB is constantly ready to adapt and reinvent itself in line with the constantly changing EU policy requirements while respecting its long-term goals;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 1 b (new)

1 b. Notes the persistent investment gap in the EU and the increased need of countercyclical investment as the EU enters its fourth year of crisis through the pandemic and the subsequent Russian invasion of Ukraine; in this regard, welcomes the EIB’s crucial role as a main tool in the EU’s investment policy to act where private financing is missing; calls on the EIB to assure the maximum level of additionality in real economy investment with the aim of fostering sustainable growth as well as social and regional cohesion when deciding over future financing;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 2

2. Welcomes the EIB’s investment of EUR 72.4 billion of financing in 2022 and the bank’s focus on the EU’s long-term challenges of competiveness, productivity, climate change, a just transition that leaves nobody behind, sustainability, social cohesion and digital transformation;

2023/03/29
Committee: ECON

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 4

4. ~~Calls for the EIB’~~Welcomes the Bank's planned increase of own higher-risk projects, as detailed in the Operational Plan 2023- 2025; invites the EIB to evaluate whether its derisking architecture for green assets toshould be adapted to take account of the mixed records of commercial viability and the risks associated with public finance, with a view to improving the risk-reward ratios for projects with limited bankability1; calls on the EIB to use its derisking activities to steer private finance towards achieving a just transition. _________________ 1 D’Aprile, P., Engel, H., Helmcke, S., Hieronimus, S., Nauclér, T., Pinner, D., Van Gendt, G., Walter, D. and Witteveen, M., How the European Union could achieve net-zero emissions at net-zero cost, McKinsey & Company, December 2020.

2023/04/03
Committee: BUDG

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 5

5. Reiterates its call to work only with clients ~~and~~that have credible decarbonisation plans and for corporate clients, as well as, financial intermediaries t~~hat~~o have ~~credible decarbonisation plans; opposes~~decarbonisation plans, as soon as possible, and by 2025 at the latest; underlines that rapid, large scale investment is needed for the EU to transition to a climate neutral economy; in this context, welcomes EIB support to REPowerEU of 30 billion euros; believes, however, that the exemptions granted under the Paris Alignment for Counterparties (PATH) framework, in support of REPowerEU~~; calls for a halt to fossil fuel financing~~, must be temporary and well justified; calls on the EIB to ensure that EIB support does not become a subsidy to fossil fuel companies, which have made immense profits on the back of high energy prices; therefore, calls on the Bank to prioritise projects with non-fossil fuel companies, wherever possible; welcomes the Bank's halt to fossil fuel financing and considers that the EIB should limit to a minimum the indirect financing of fossil fuels through its support to REPowerEU;

2023/04/03
Committee: BUDG

2022/2062(INI)

Alfred SANT, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 4 d (new)

4 d. Reaffirms its position that the EIB can and needs to do more to address systemic deficiencies that prevent certain regions or countries from taking full advantage of EIB financial opportunities, inter alia by strengthening its efforts to expand its loan activities by providing technical assistance, capacity-building and advisory support, especially in innovation, digitalisation, infrastructure, SME support and projects aimed at generating high-quality employment, and by prioritising projects that reduce inequalities and promote social diversity and inclusion;

2023/03/29
Committee: ECON

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 5 a (new)

5 a. Highlights that the security of supply of critical raw materials is crucial both for the green and digital transitions, as well as, for the defence sector and for the EU industrial base in general; emphasises a circular economy approach to critical raw materials, based on the recycling and re-use of materials, to reduce EU dependence on third countries; calls, therefore, on the EIB to invest more in the critical raw materials sector to help diversify the supply of both primary and secondary raw materials and to develop circular economy solutions, in particular R&D for alternative materials, such as bio-based materials;

2023/04/03
Committee: BUDG

2022/2062(INI)

Alfred SANT, Aurore LALUCQ, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 8 b (new)

8 b. Stresses that public budgets and public banks will not be able to bridge the investment gap in the energy sector alone especially when considering the deplorable fact that large EU banks are still exposed to EUR 223 billion in fossil fuel assets, and that the EU is still lagging behind its established climate goals;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 8 a (new)

8 a. Notes the ongoing levels of high inflation and in this regard asks the EIB to assess the possible increased financial needs of ongoing projects;

2023/03/29
Committee: ECON

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 6

6. Calls on EIB Global to devise a strategy centred on development additionality, to deliver concrete positive outcomes on the ground, while ensuring additionality of EIB finance; highlights that EIB Global activities should be aligned with EU strategic interests and external policy objectives; asks the EIB to ensure a coordinated approach with other actors contributing to the European financial architecture for development, in order to deliver a stronger development impact; recalls furthermore that the successful implementation of EIB global requires an adequate level of in-house staff based on the ground, including local workers;

2023/04/03
Committee: BUDG

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA

Motion for a resolution
Paragraph 8 c (new)

8 c. Reiterates the remarks by EIB Vice President Kris Peeters that commercial banks across the EU will be prone to court cases due to failing due diligence processes and climate transition plans; calls for a level playing field and legal certainty on EU due diligence requirements through the swift adoption of the corporate sustainability due diligence directive; calls on the EIB to commit to incorporating due diligence standards to address and mitigate adverse impacts of its investment decisions on human rights and the environment;

2023/03/29
Committee: ECON

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 6 a (new)

6 a. Calls for the EIB to ensure that investments clearly benefit recipient countries and societies, creating local jobs and alleviating poverty; believes that recipient country actors such as public authorities, civil society and private sector companies should be included in the decision-making and implementation of Global Gateway projects;

2023/04/03
Committee: BUDG

2022/2062(INI)

Eero HEINÄLUOMA

Draft opinion
Paragraph 7

7. ~~Is concerned that~~Notes that allegedly the EIB has, at least once, failed to conduct a full inquiry into allegations of bribery and misuse of funds involving a financial intermediary outside the EU; ~~calls on the EIB to reopen all such case~~notes that the EIB has assessed the case three times and that the case has been referred to OLAF twice, with the case being dismissed; however, calls on the EIB to strengthen its internal mechanisms to fight fraud and corruption, and improve transparency and control over intermediated operations;

2023/04/03
Committee: BUDG

2022/2062(INI)

Alfred SANT, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 15

15. Highlights the fact that support to SMEs and mid-caps must be increased further from current levels, particularly in the context of high energy prices ~~and~~, rising raw material costs and growing borrowing costs; stresses that SMEs often have limited administrative resources and so benefit from having financing channels that are easy to access;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 16

16. Reiterates its call on the EIB to complement efforts to build a data-driven society, with a particular focus on SMEs’ competitiveness and to focus its investment in this field towards bridging digital divides both within the EU, as well as between the EU and other technologically more advanced world regions;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 17

17. Stresses the need for the EIB to have a strong focus on start-ups and projects directed at tackling the growing problem of youth unemployment in the context of creating secure and high- quality jobs;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 18 a (new)

18 a. Notes the Commission’s proposal to work with the European Investment Bank and other InvestEU implementing partners to seek ways to scale up support to investment in the net-zero industry supply chain, including via the setting up of blending operations;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 23

23. Welcomes the introduction of the EIB’s new transport lending policy in July 2022 and calls for its swift implementation; recalls the need for a higher level of investment towards the decarbonisation of the maritime and aviation system;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Aurore LALUCQ, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES

Motion for a resolution
Paragraph 23 a (new)

23 a. Asks the EIB to give particular attention when it comes to funding decisions relevant to insular and peripheral regions in view of their struggle to comply with requirements relevant to the green deal while simultaneously maintaining and increasing their connectivity with the rest of the EU;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Subheading 4 a (new)

Social Elements

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 23 b (new)

23 b. In line with the principles established in the European Pillar of Social Rights, and in view of the current EU housing crisis, expects an increase in EIB financed operations in the area of social housing; furthermore asks the EIB to keep up its focus on women economic empowerment and gender equality when targeting new financing;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 23 c (new)

23 c. Notes the shortage in specialised labour in most of the EU and in this vein believes that the areas of education and skills are not provided the needed priority;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 23 d (new)

23 d. Is concerned about the systemic weakening of healthcare systems in many Member States of the EU and the ongoing medicine shortage in the EU which includes basic medicine such as paracetamol and antibiotics; further recalls the general scarcity of medicine products and medical equipment experienced during the COVID pandemic; in this context calls on the EIB to evaluate the possibilities to further invest in this sector with the aim to tackle the structural European deficiency in the health sector;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 26

26. Underlines that enhancing local presence and increasing cooperation with the EU delegations was a key driver in the establishment of EIB Global; reiterates its calls for additional staff on the ground, particularly in view of contracting more employees from the countries where the financing is taking place; supports the EIB’s approach to open regional offices in Africa and employ local applicants in these offices with the aim of adapting its requirements to local needs;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 26 a (new)

26 a. Asks the EIB to evaluate better its effectiveness when it comes to financing for SMEs and mid-caps in Africa whereby the relatively small size of projects seems to be often a hurdle towards access to finance; calls for an evaluation of a possible design of instruments that facilitate investment by EU SMEs in third countries, and increase their access to finance, including with respect to smaller projects; notes the importance of the EIB’s role in creating a level playing field for SMEs based in Member States whose national development banks do not have the capacity to promote investment in third countries;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 27 a (new)

27 a. Points out to the essential role of direct financing in countries from where the bulk of irregular migration into Europe originates in the perspective of slowing down forced economic immigration from these regions and of contributing further to the development and economic empowerment of these communities;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 29

29. Welcomes the launch of the Development Finance Institutions Transparency Index in 2023 and that fact that the associated report ranks the EIB at a similar level to peer development finance institutions in a number of areas, including financial intermediaries and environmental, social and governance and accountability to communities; calls for clear and comprehensive information to be shared with other EU institutions, the European Parliament in particular;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 30

30. Regrets the fact that women remain underrepresented in senior positions and in the core areas of activity at the EIB; recalls its position that more needs to be done to improve both its gender and geographical balance in this context;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Joachim SCHUSTER, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 31 a (new)

31 a. Queries whether the EIB has the needed human resources in light of the ongoing expansion of its functions and responsibilities;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Irene TINAGLI, Aurore LALUCQ, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 32

32. Expresses once more its serious concerns about allegations regarding harassment, the working environment and working conditions at the EIB; notes the March 2022 ruling by the General Court on a harassment case in the EIB [KF vs EIB (T-299/20)] in which the decision of the EIB President that no harassment took place was annulled; recognises that efforts have been made by the EIB to address these and other relevant staff issues; urges the EIB to ensure that a policy of zero-tolerance towards all types of harassment is effectively implemented, including preventive and protective measures and proper and reliable complaint and victim support mechanisms; urges the EIB’s management to engage in genuine dialogue with staff representatives in order to address their concerns; deplores the fact that no trade union is recognised at the EIB and that the staff delegation has no power to act in the case of negotiations; calls on the EIB management to observe at the very least core ILO values such as freedom of association and the right to collective bargaining; is concerned that the apparent dysfunctional relationship between the EIB’s management and its staff might have a negative impact on the Bank’s operations;

2023/03/29
Committee: ECON

2022/2062(INI)

Alfred SANT, Margarida MARQUES, Aurore LALUCQ, Katarína ROTH NEVEĎALOVÁ, Eero HEINÄLUOMA, Costas MAVRIDES, Jonás FERNÁNDEZ

Motion for a resolution
Paragraph 33

33. Takes note of the EIB’s new anti- fraud policy and underlines the importance of inclusive cooperation when developing key anti-fraud policy tools; ~~not~~welcomes that the EIB has adopted and published the EIB Group Policy towards weakly regulated, non-transparent and non-cooperative jurisdictions and tax good governance, which is complimentary to the EIB Group Anti-Money Laundering and Combatting the Financing of Terrorism Policy;

2023/03/29
Committee: ECON

2022/0405(COD)

Jonás FERNÁNDEZ, Pedro MARQUES, Margarida MARQUES, Paul TANG, Eero HEINÄLUOMA, René REPASI

Proposal for a directive
Recital 2

~~(2) Directive 2014/65/EU and Commission D~~delegated Directive (EU) 2017/59330 set out the conditions under which the provision of investment research by third parties to investment firms providing portfolio management or other investment or ancillary services is not to be regarded as an inducement. In order to foster more investment research on companies in the Union, in particular small and medium capitalisation companies, and to bring those companies greater visibility and more prospect of attracting potential investors, it is necessary to introduce some amendments to that Directive. __________________ 30 Commission Delegated Directive (EU) 2017/593 of 7 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits (OJ L 87, 31.3.2017, p. 500).

2023/07/11
Committee: ECON

2022/0405(COD)

Jonás FERNÁNDEZ, Pedro MARQUES, Margarida MARQUES, Paul TANG, Eero HEINÄLUOMA, René REPASI

Proposal for a directive
Recital 3

(3) The provisions concerning research laid down in Directive 2014/65/EU require investment firms to separate payments which they receive as brokerage commissions from the compensation perceived for providing investment research (‘research unbundling rules’), or to pay for investment research from their own resources and assess the quality of the research they purchase based on robust quality criteria and the ability of such research to contribute to better investment decisions. In 2021, those rules have been amended by Directive (EU) 2021/338 of the European Parliament and of the Council31 to allow for bundled payments for execution services and research for small and medium capitalisation companies below a market capitalisation of EUR 1 billion. The decline of investment research has, however, not slowed down. __________________ 31 Directive (EU) 2021/338 of the European Parliament and of the Council of 16 February 2021 amending Directive 2014/65/EU as regards information requirements, product governance and position limits, and Directives 2013/36/EU and (EU) 2019/878 as regards their application to investment firms, to help the recovery from the COVID-19 crisis (OJ L 68, 26.2.2021, p. 14).deleted

2023/07/11
Committee: ECON

Proposal for a regulation
Recital 3

(3) The Versailles Declaration of 10-11 March 2022 of the Heads of States and Governments invited the Commission to propose by the end of May a REPowerEU plan to phase out the dependency on Russian fossil fuel imports, which was subsequently reiterated in the European Council Conclusions of 24-25 March 2022. This should be done well before 2030 in a way that is consistent with the EU’s Green Deal and the climate objectives for 2030 and 2050 as well as the Paris agreement- compatible greenhouse gas budget enshrined in the European Climate Law. Regulation (EU) 2021/241 should therefore be amended to enhance its ability to support reforms and investments dedicated to diversifying energy supplies~~, in particular~~ by expanding renewable energy production and phasing out fossil fuels, thereby strengthening the strategic autonomy of the Union alongside an open economy. Support should also be given to reforms and investments increasing the energy efficiency of the Member States’ economies.

2022/09/29
Committee: BUDG ECON

2022/0164(COD)

Ilan DE BASSO, Eero HEINÄLUOMA

Eero HEINÄLUOMA

Draft opinion
Paragraph 6 a (new)

6 a. Notes that EUR 280 billion out of the EUR 300 billion of investments announced under the Global Gateway initiative are not covered by the EU budget, including EUR 135 billion from EFSD+ and EUR 145 billion from European financial and development finance institutions; notes therefore that the initiative depends heavily on its capacity to leverage funds on the capital markets, which will not be immediately delivered; regrets that no information is disclosed so far regarding the NDICI amounts to be dedicated to the Global Gateway under the external action guarantee;

2022/04/27
Committee: BUDG

Proposal for a directive
Article 1 – paragraph 1 – point 4 – point –a 2 (new)

Directive 2014/65/EU
Article 27 – paragraph 1 – third suparagraph

(-a2) In paragraph 1, third subparagraph is replaced by the following: "For the purposes of delivering best possible result in accordance with the first subparagraph where there is more than one competing venue to execute an order for a financial instrument, in order to assess and compare the results for the client that would be achieved by executing the order on each of the execution venues listed in the investment firm’s order execution policy that is capable of executing that order, the investment firm’s own commissions and the costs for executing the order on each of the eligible execution venues shall be taken into account in that assessment. Investment firms shall not request or propose to clients to choose a venue for order execution. "

2022/10/20
Committee: ECON

Jonás FERNÁNDEZ, Paul TANG, Eero HEINÄLUOMA

Proposal for a directive
Article 1 – paragraph 1 – point 20

8. EBA shall develop draft implementing technical standards on standard forms, templates and procedures for the provision of the information referred to in paragraph 2. When developing the draft implementing technical standards, EBA shall take into account existing practices and tools.

2022/08/22
Committee: ECON

2021/0341(COD)

Jonás FERNÁNDEZ, Paul TANG, Eero HEINÄLUOMA

Proposal for a directive
Article 1 – paragraph 1 – point 20

Directive 2013/36/EU
Article 91 d – paragraph 8 a (new)

8a. EBA shall issue guidelines on the fulfilment of the requirements of Article 91 (c). The EBA shall issue those guidelines by [OP please insert the date = 12 months from date of entry into force of this amending Directive].

2022/08/22
Committee: ECON

2021/0296(COD)

Ilan DE BASSO, Eero HEINÄLUOMA

Proposal for a directive
Recital 14 a (new)

(14 a) Mutual and mutual-type insurance undertakings do not have any external owners, which may lead to policy holders being negatively affected and becoming financially liable should those undertakings fail. In order to protect policy holders, avoid legal difficulties and ensure the proportionate application of this Directive, authorities should be equipped with resolution tools adapted to insurance undertakings’ specific legal form. Those tools should be as similar to the tools listed in this Directive as possible to safeguard the smooth operation of the internal market, while averting significant negative effects for policy holders.

1546 Amendments of Eero HEINÄLUOMA