13 Amendments of Marian HARKIN related to 2016/0276(COD)
Amendment 20 #
Proposal for a regulation
Recital 1
Recital 1
(1) Since the Investment Plan for Europe was presented in November 20143 , the conditions for an uptake in investment have improved and confidence in Europe’s economy and growth are returning. The Union is now in its fourth year of moderate recovery, with Gross Domestic Product growing at 2% in 2015. The comprehensive efforts initiated with the Investment Plan are already delivering concrete results, despite the fact that macroeconomic effects of larger investment projects cannot be immediate. Investment is expected to pick up gradually throughout 2016 and 2017 although ithe pace is still timid and can be reversible, and remains below historicalpre-crisis levels. __________________ 3 COM(2014) 903 final. COM(2014) 903 final.
Amendment 25 #
Proposal for a regulation
Recital 2
Recital 2
(2) That positive momentum should be maintained and efforts need to be continued to bring investment back to its long-term sustainable trend reaching the real economy. The mechanisms of the Investment Plan work and should be reinforced to continue the mobilisation of private investments in sectors important to Europe's future and where market failures or sub-optimal investment situations remain.
Amendment 39 #
Proposal for a regulation
Recital 8
Recital 8
(8) The extended EFSI should address remaining market failures and sub-optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future job creation – including for the youth –, growthsustainable growth and development and competitiveness with strengthened additionality. They include investments in the areas of energy, environment and climate action, social and human capital and related cross-cutting infrastructure, healthcare, research and innovation, cross- border and sustainable transport, as well as the digital transformation, areas which have the highest GDP economic multipliers in order to strengthen economic, social and territorial cohesion. In particular, the contribution of operations supported by the EFSI to achievinge the Union's ambitious targets set at the Paris Climate Conference (COP21) and by Europe 2020 Strategy, especially those that tackle unemployment and inequalities, should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture, aquaculture and technologies related to security and defence industries, come within the general objectives eligible for EFSI support.
Amendment 43 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) In addition, it is appropriate to reinforce the social dimension of the EFSI implementation such as education, training and vocational training for skills and lifelong learning, innovation in healthcare and medicines, social services, social housing and childcare.
Amendment 52 #
Proposal for a regulation
Recital 11
Recital 11
(11) In order to reinforce the take-up of the EFSI, particularly in European areas with high levels of unemployment and in less-developed and transition aregionas, the scope of the general objectives eligible for EFSI support should be enlarged.
Amendment 56 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) The initial results reveal that Member States with greater technical and administrative capacity as well as financial institutions are taking greater advantage of the EFSI. In order to enhance the capacity of some countries in taking advantage of the EFSI, the EIB and the Commission should work further to support those lagging behind.
Amendment 65 #
Proposal for a regulation
Recital 17 a (new)
Recital 17 a (new)
(17a) Major information campaigns in Member States must be put in place to strengthen dialogue with national and local authorities which would allow to increase private investment and avoid regional and sectorial concentration.
Amendment 68 #
Proposal for a regulation
Recital 18
Recital 18
(18) With a view to enhancing the transparency of EFSI operations, the Investment Committee should explain in its decisions, which are made public and accessible, the reasons why it deems that an operation should be granted the EU guarantee, with particular focus on compliance with the additionality criterion. The scoreboard of indicators should be made public once an operation under the EU guarantee is signed. Particular attention should be given to job creation and social investment in people's current and future capacities to engage in the labour market, using clear socio- economic indicators.
Amendment 69 #
Proposal for a regulation
Recital 18 a (new)
Recital 18 a (new)
(18a) New figures and updates should be released regularly, including independent assessments drawing on the experience collected so far. Targets should be set in terms of objectives relating to growth and jobs.
Amendment 76 #
Proposal for a regulation
Recital 21
Recital 21
(21) The European Investment Advisory Hub (EIAH) should be enhanced and its activities should focus on needs not covered adequately under current arrangements. It should pay particular attention to supporting the preparation of projects involving two or more Member States and projects that contribute to achieving the objectives of COP21 and of Europe 2020 strategy. Notwithstanding its objective to build upon existing advisory services of the EIB and the Commission, so to act as a single technical advisory hub for project financing within the Union, the EIAH should also contribute actively to the objective of sectorial and geographical diversification of the EFSI and support the EIB where needed in originating projects. It should also actively contribute to the establishment of investment platforms and provide advice on the combination of other sources of Union funding with the EFSI.
Amendment 92 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point a – point i a (new)
Article 1 – paragraph 1 – point 4 – point a – point i a (new)
Regulation (EU) 2015/1017
Article 7 – paragraph 8 – point f
Article 7 – paragraph 8 – point f
(f) education and traiia) point (f) is replaced by the following: (f) labour market, education and training, vocational training for skills and lifelong learning;
Amendment 96 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point - a (new)
Article 1 – paragraph 1 – point 5 – point - a (new)
Regulation (EU) 2015/1017
Article 9 – paragraph 2 – point g – point i
Article 9 – paragraph 2 – point g – point i
(i) education and training-a) in paragraph 2, point (g) point (i) is replaced by the following: (i) labour market, education and training, vocational training for skills and lifelong learning ;
Amendment 104 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Regulation (EU) 2015/1017
Article 9 – paragraph 2 – subparagraph 2
Article 9 – paragraph 2 – subparagraph 2
The EIB shall target that at least 40 % of EFSI financing under the infrastructure and innovation window supports projects with components that contribute to climate action and job creation, in line with the COP21 commitments and the Europe 2020 strategy. The Steering Board shall provide detailed guidance to that end.;