46 Amendments of Gunnar HÖKMARK related to 2015/0009(COD)
Amendment 47 #
Proposal for a regulation
Recital 1
Recital 1
(1) The economic and financial crisis has led to a lowering of the level of investments within the Union. Investment has fallen by approximately 15% since its peak in 2007. The Uunion suffers in particular from a lack of private investment as a consequence of market uncertainty regarding the economic future and the fiscal cons that could contribute to competitiveness and new jobs. The fall of investments is due to instable public finances, increased debt burdens and high interest rates resulting in low growth and market uncertainty regarding the economic future. Stabilized public finances have, where this has been achieved, given lower interest raints on Member States. This lack of investment slows economic recovery and negatively affects job creation, long-term growth ptes and a slow but not sufficient rice of investments. There is a need to increase the attractiveness to invest in European business, in new companies as well as established and growing industries and the infrastructure of a modern knowledge economy. Investments in research, science and development are essential in order to improve Eurospects and competitiveness.
Amendment 53 #
Proposal for a regulation
Recital 2
Recital 2
(2) Comprehensive action is required to reverse the vicious circle created by a lack of investment. Structural reforms and fiscal responsibility are necessary preconditions for stimulatingIn order to improve European competitiveness and to facilitate the market certainty needed, stable public finances and structural reforms are preconditions for investments in Europe coming back to the levels where they should be. There is a need to get rid of regulations hindering or delaying investments, to open up the internal market for investments and to safeguard that financial markets and European banks can provide liquidity, market making and loans to finance the investments needed. Along with a renewed impetus towards investment financing, these preconditions can contribute to establishing a virtuous circle, where investment projects help support employment and demand and lead to a sustained increase in growth potential.
Amendment 57 #
Proposal for a regulation
Recital 3
Recital 3
(3) The G20, through the Global Infrastructure Initiative, has recognised the importance of investment in boosting demand and lifting productivity and growth and has committed to creating a climate that facilitates higher levels of investment. The EFSI should complement to an overall strategy to improve investments in Europe, not replacing other investments and financial structures and not undermining the Union's investments in science, research and development.
Amendment 66 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) The financing of the EFSI should not undermine the Union's research, science and development, neither on EU nor on national levels. The aim should be to use money in the EU budget that today has no or little leverage for attracting private investments and small effects for increased competitiveness and new innovations needed to create a European leadership.
Amendment 94 #
Proposal for a regulation
Recital 1
Recital 1
(1) The economic and financial crisis has led to a lowering of the level of investments within the Union. Investment has fallen by approximately 15% since its peak in 2007. The Union suffers in particular from a lack of private investment as a consequence of market uncertainty regarding the economic future and the fiscal constraints on Member States. This lack of investment slows economic recovery and negatively affects job creation, long-term growth prospects contributing to competitiveness and new jobs. The fall of investment is due to market uncertainty regarding the economic future as a result of weak public finances, high public debt and structural imbalances. Where public finances have been stabilized and where structural reforms have been carried out, economic growth has picked up and investment levels have risen, although not sufficiently. There is a need to strengthen the attractiveness to invest in Europe and in the infrastructure of a modern knowledge economy. Investments in science, research and development are essential in order to improve Europeand competitiveness.
Amendment 101 #
Proposal for a regulation
Recital 1
Recital 1
(1) The economic and financial crisis has led to a lowering of the level of investments within the Union. Investment has fallen by approximately 15% since its peak in 2007. The Union suffers in particular from a lack of private investment as a consequence of market uncertainty regarding the economic future and the fiscal constraints on Member States. This lack of investment slows economic recovery and negatively affects job creation, long-term growth prospects contributing to competitiveness and new jobs. The fall of investment is due to market uncertainty regarding the economic future as a result of weak public finances, high public debt and structural imbalances. Where public finances have been stabilized and where structural reforms have been carried out, economic growth has picked up and investment levels have risen, although not sufficiently. There is a need to strengthen the attractiveness to invest in Europe and in the infrastructure of a modern knowledge economy. Investments in science, research and development are essential in order to improve Europeand competitiveness.
Amendment 110 #
Proposal for a regulation
Recital 2
Recital 2
(2) Comprehensive action is required to reverse the vicious circle created by a lack of investment. Structural reforms and fiscal responsibility are necessary preconditions for stimulating investmentimproving European competitiveness and stimulating investment. Europe needs to focus on cutting red tape and reducing administrative burdens for business, open up the internal market for investments and to safeguard that financial markets can provide liquidity needed to finance private investments. Along with a renewed impetus towards investment financing, these preconditions can contribute to establishing a virtuous circle, where investment projects help support employment and demand and lead to a sustained increase in growth potential.
Amendment 117 #
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2a) The EFSI must be a complement to an overall strategy to improve European competitiveness and attract investments. Structural reforms, fiscal responsibility and simplification of legislation is a precondition to improve the environment for private investments in Europe.
Amendment 118 #
Proposal for a regulation
Recital 3
Recital 3
(3) The G20, through the Global Infrastructure Initiative, has recognised the importance of investment in boosting demand and lifting productivity and growth and has committed to creating a climate that facilitates higher levels of investment. The EFSI must complement to an overall strategy to improve investments in Europe, not replacing other investments and financial structures and not undermining the Union's investments in science, research and development.
Amendment 121 #
Proposal for a regulation
Recital 14
Recital 14
(14) The EFSI should target projects delivering high societal and economic value with a good probability for return on investments, in order to ensure sustainability and ensure that EU funding is used for guarantees and not to cover for losses. In particular, the EFSI should target projects that promote job creation, long- term growth and competitiveness. The EFSI should support a wide range of financial products, including equity, debt or guarantees, to best accommodate the needs of the individual project. This wide range of products should allow the EFSI to adapt to market needs whilst encouraging private investment in the projects. The EFSI should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money. The requirement for consistency with State aid principles should contribute to such effective and strategic use.
Amendment 144 #
Proposal for a regulation
Recital 8
Recital 8
(8) The EFSI is part of a comprehensive approach to address uncertainty surrounding public and private investments. The strategy has three pillars: mobilising finance for investment, making investment reach the real economy and improving the investment environment in the Union. It must be seen as a complement to all other actions needed and – by acting as a guarantee fund - as a stimuli for new investments.
Amendment 152 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) The financing of the EFSI must not undermine the Union's research, science and development, neither on EU nor on national levels. The aim must be to use money in the EU budget that today has no or little leverage for attracting private investments and small effects for increased competitiveness and new innovations needed to create a European leadership.
Amendment 169 #
Proposal for a regulation
Recital 10
Recital 10
(10) The purpose of the EFSI should be to help resolve the difficulties in financing and implementing productive investments in the Union and to ensure increased access to financing. It is intended that increased access to financing should be of particular benefit to small and medium enterprises. A precondition for this to be achieved is that investments are made on a commercial basis, thereby generating more capital and attracting still more investments. It is also appropriate to extend the benefit of such increased access to financing to mid- cap companies, which are companies having up to 3000 employees. Overcoming Europe's current investment difficulties should contribute to strengthening the Union's economic, social and territorial cohesion.
Amendment 171 #
Proposal for a regulation
Recital 19
Recital 19
(19) In order to allow for further increase in its resources, participation in the EFSI should be open to third parties, including Member States, national promotional banks or public agencies owned or controlled by Member States, private sector entities and entities outside the Union subject to the consent of existing contributors. Third parties may contribute directly to the EFSI and take part in the EFSI governance structure. National contributions to the EFSI should follow the same rules as other public spending and investing, must be a priority of budget policy and shall not undermine the rules of the stability pact.
Amendment 193 #
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments in commercially viable projects with high economic value added contributing to achieving Union policy objectives.
Amendment 207 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) Research and innovation should be the main focus of the EFSI, including combating new and emerging health threats and development of new antibiotics.
Amendment 219 #
Proposal for a regulation
Recital 12
Recital 12
(12) Many small and medium enterprises, as well as mid-cap companies, across the Union require assistance to attract market financing, especially as regards investments that carry a greater degree of risk. The EFSI should help these businesses to overcome capital shortages by allowing the EIB and the European Investment Fund ('EIF') to provide direct and indirect equity injections, as well as to provide guarantees for high-quality securitisation of loans, and other products that are granted in pursuit of the aims of the EFSI. The EFSI should be a complement to regular credit institutions, not replacing them but facilitate more of their lending in to the economy.
Amendment 254 #
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
2. The EFSI Agreement shall be open to accession by Member States. Subject to the consent of existing contributors, the EFSI Agreement shall also be open to accession by other third parties, including national promotional banks or public agencies owned or controlled by Member States, and private sector entities. National contributions to the EFSI shall follow the same rules as other public spending and investing, must be a priority of budget policy and shall not undermine the rules of the stability pact.
Amendment 257 #
Proposal for a regulation
Recital 14
Recital 14
(14) The EFSI should target projects delivering high societal and economic value with a good probability for return on investments, in order to ensure sustainability and ensure that EU funding is used for guarantees and not to cover for losses. In particular, the EFSI should target projects that promote job creation, long- term growth and competitiveness. It is important that its decisions are based upon commercial and market oriented assessments and priorities. The EFSI should support a wide range of financial products, including equity, debt or guarantees, to best accommodate the needs of the individual project. This wide range of products should allow the EFSI to adapt to market needs whilst encouraging private investment in the projects. The EFSI should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money. The requirement for consistency with State aid principles should contribute to such effective and strategic use. It must not distort investments decisions by guaranteeing or subsidising investments of projects of little commercial value to the disadvantage of investment with higher commercial value promising a high return on investment and economic sustainability.
Amendment 295 #
Proposal for a regulation
Article 2 – paragraph 3 – subparagraph 1 a (new)
Article 2 – paragraph 3 – subparagraph 1 a (new)
National contributions to the EFSI shall follow the same rules as other public spending and investing, must be a priority of budget policy and not undermine the rules of the stability pact.
Amendment 301 #
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
1a. The Steering Board shall have the responsibility to select investments that can give return on investments and create economic growth by attracting more investments.
Amendment 370 #
Proposal for a regulation
Recital 19
Recital 19
(19) In order to allow for further increase in its resources, participation in the EFSI should be open to third parties, including Member States, national promotional banks or public agencies owned or controlled by Member States, private sector entities and entities outside the Union subject to the consent of existing contributors. Third parties may contribute directly to the EFSI and take part in the EFSI governance structure. Member States' contributions should follow the same rules as general public expenditure, adhere to national budgetary rules and should be subject to the full range of the existing rules of the Stability and Growth Pact.
Amendment 379 #
Proposal for a regulation
Recital 19 a (new)
Recital 19 a (new)
(19a) The amounts from the Union must not be financed in a way that undermines research, science and development and projects already today attracting private money and further investments.
Amendment 392 #
Proposal for a regulation
Recital 21
Recital 21
(21) Provided that all relevant eligibility criteria are fulfilled, Member States may use European Structural Investment Funds to contribute to the financing of eligible projects that are supported by the EU guarantee. The flexibility of this approach should maximise the potential to attract investors to the areas of investment targeted by the EFSI. The contributions from Member states must be financed in the framework of the rules of the stability pact.
Amendment 404 #
Proposal for a regulation
Recital 22
Recital 22
(22) In accordance with the Treaty on the Functioning of the European Union, Infrastructure and project investments supported under EFSI should be consistent with State aid rules. To that end, the Commission has announced that it will formulate a set of core principles, for the purpose of State aid assessments, which a project will have to meet to be eligible for support under the EFSI. If a project meets these criteria and receives support from the EFSI, the Commission has announced that any national complementary support, will be assessed under a simplified and accelerated State aid assessment, provided it does not distort competition to the disadvantage of private investments, whereby the only additional issue to be verified by the Commission will be the proportionality of public support (absence of overcompensation). The Commission has also announced that it will provide further guidance on the set of core principles with a view to ensuring an efficient use of public funds.
Amendment 426 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2 a (new)
Article 5 – paragraph 2 – subparagraph 2 a (new)
The EFSI shall not only give priority to investments providing the opportunity for growth and return on investments, it must also ensure that the investments where there is a higher risk also can give a higher return on investment and contribute to innovation and leadership in new markets. Furthermore it shall ensure that the financing of investments are not directed to political projects or replacing the funding of public spending.
Amendment 476 #
Proposal for a regulation
Recital 29
Recital 29
(29) To partially finance the contribution from the Union budget, the available envelopes of the Horizon 2020 – the Framework Programme for Research and Innovation 2014-2020, provided by Regulation (EU) No 1291/2013 ofStructural Funds – the European Regional Development Fund provided by , the European Parliament and of the Council2 , aSocial Fund, the Connecting Europe Facility, provided by Regulation (EU) No 1316/2013 of the European Parliament and of the Council3 , should be reduced. Those programmes serve purposes that are not replicated by the EFSI. However, the reduction of both programmes to finance the guarantee fund is expected tohesion Fund, the European Agricultural Fund for Rural Development - should be reduced. EFSI should guarantee a more effective use of these programmes by ensure aing greater investment in certain areas of their respective mandates than is possible through the existing programmes. The EFSI should be able to leverage the EU guarantee to multiply the financial effect within those areas of research, development and innovation and transport, telecommunications and energy infrastructurecontribution of private investments. The EFSI should be able to leverage the EU guarantee to multiply the financial effect compared to if the resources had been spent via grants within the planned Horizon 2020 and Connecting Europe Facility programmeStructural Funds. It is, therefore, appropriate to redirect part of the funding presently envisaged for those programmes to the benefit of EFSI. __________________ 3 Regulation (EU) No 1316/2013 of the European Parliament and of the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (OJ L 348, 20.12.2013, p. 129).
Amendment 477 #
Proposal for a regulation
Recital 29
Recital 29
(29) To partially finaIn order to secure a decisive policy to increase spending on research and science in the contribution from the Union budget, the availablUnion, to contribute to the involvement of private capital in European research and science and to facilitate a modernisation of the modern infrastructure of Europe the EFSI should not be financed from the envelopes of the Horizon 2020 – the Framework Programme for Research and Innovation 2014-2020, provided by Regulation (EU) No 1291/2013 of the European Parliament and of the Council2 , and the Connecting Europe Facility, provided by Regulation (EU) No 1316/2013 of the European Parliament and of the Council3 , should be reduced. Those programmes serve purposes that are not replicated by the EFSI. However, the reduction of both programmes to finance the guarantee fund is expected to ensure a greater investment in certain o which the EFSI should be a complement. As a big shareas of their respective mandates than is possible through the existing programmes. The EFSI should be able to leverage the EU guarantee to multiply the financial effect within those areas of research, development and innovation and transport, telecommunications and energy infrastructure compared to if the resources had been spent via grants within the planned Horizon 2020 and Connecting Europe Facility programmes. It is, therefore, appropriate to redirect part of the funding presently envisaged for those programmes to the benefit of EFSI investments that will be facilitated by the EFSI is related to the need for regional development and modernisation of economic structures it is natural to see the financing coming from these budget lines. Further to that, relatively small amounts of existing money in the Agricultural envelopes can be sufficient to finance the guarantees for the EFSI without the long term plans being undermined. __________________ 2 Regulation (EU) No 1291/2013 of the European Parliament and of the Council of 11 December 2013 establishing Horizon 2020 - the Framework Programme for Research and Innovation (2014-2020) and repealing Decision No 1982/2006/EC (OJ L 347, 20.12.2013, p. 104). 3 Regulation (EU) No 1316/2013 of the European Parliament and of the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (OJ L 348, 20.12.2013, p. 129).
Amendment 483 #
Proposal for a regulation
Article 10 – paragraph 2 – point b
Article 10 – paragraph 2 – point b
(b) an assessment of the added value, the mobilisation of private sector resources, the estimated and actual outputs, outcomes and impact of EIB financing and investment operations at an aggregated basis; furthermore this assessment shall evaluate whether the EFSI is giving priority to investments that provide the opportunity for growth and return on investments, whether it is ensuring that the investments where there is a higher risk are also giving a higher return on investment and contributing to innovation and leadership in new markets. Furthermore it shall also evaluate whether the financing of investments is not directed to political projects or replacing the funding of public spending.
Amendment 731 #
Proposal for a regulation
Article 2 – paragraph 3
Article 2 – paragraph 3
3. Member States that become parties to the EFSI Agreement shall be able to provide their contribution, in particular, in the form of cash or a guarantee acceptable to the EIB. Other third parties shall be able to provide their contribution only in cash. Member States' contributions shall be subject to the full range of the existing rules of the Stability and Growth Pact.
Amendment 754 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. The EFSI Agreement shall provide that the EFSI shall be governed by a Steering Board, which shall determine the strategic orientation, the strategic asset allocation and operating policies and procedures, including the investment policy of projects that EFSI can support and the risk profile of the EFSI, in conformity with the objectives under Article 5(2). The Steering Board shall elect one of its members to be Chairperson. The Steering Board shall have the responsibility to select investments that can give return on investments and create economic growth by attracting more investments. The Steering Board shall have the responsibility to oversee that criteria for investments are based on the need for return, commercial viability and economic sustainability, avoiding losses that will erode the resources of the EFSI.
Amendment 918 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – introductory part
Article 5 – paragraph 2 – subparagraph 1 – introductory part
The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 3(5) or funding to the EIF in order to conduct EIB financing and investment operations in accordance with Article 7(2). The operations concerned shall be commercially viable, consistent with Union policies and support any of the following general objectives:
Amendment 927 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point -a (new)
Article 5 – paragraph 2 – subparagraph 1 – point -a (new)
(-a) investment in research and development;
Amendment 1013 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 a (new)
Article 5 – paragraph 2 – subparagraph 1 a (new)
All investments need to be assessed upon the risk of losses concerning the fund, their probability for return on investment and their commercial and economic sustainability.
Amendment 1025 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2
Article 5 – paragraph 2 – subparagraph 2
In addition, the EU guarantee shall be granted for support of dedicated investment platforms and national promotional banks, via the EIB, that invest in operations meeting the requirements of this Regulation. In that case, the Steering Board shall specify policies regarding eligible investment platforms. The EFSI shall not only give priority to investments providing the opportunity for growth and return on investments, it must also ensure that the investments where there is a higher risk also can give a higher return on investment and contribute to innovation and leadership in new markets. Furthermore it shall ensure that the financing of investments are not directed to political projects or replacing the funding of public spending.
Amendment 1038 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2 a (new)
Article 5 – paragraph 2 – subparagraph 2 a (new)
The Steering Board shall also ensure that financing is not directed to political projects or replacing public funding in the Member States.
Amendment 1160 #
Proposal for a regulation
Article 8 – paragraph 6 – subparagraph 1
Article 8 – paragraph 6 – subparagraph 1
By 31 December 2018, and every year thereafter, the Commission shall review the adequacy of the level of the guarantee fund taking into account any reduction of resources resulting from the activation of the guarantee and the EIB's assessment submitted in accordance with Article 10(3). The Commission shall every year report to Parliament and Council on the development of the fund and its return on investments as well as its forecasted future returns on investments.
Amendment 1206 #
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
2. The Commission and the EIB shall develop, update and disseminate, on a regular and structured basis, information on current and future investments which significantly contribute to achieving EU policy objectives. They shall also every year update the forecasted development of the Guarantee Fund and of the projects, whether forecasted return on investments are feasible or becoming real.
Amendment 1255 #
Proposal for a regulation
Article 10 – paragraph 2 – point f
Article 10 – paragraph 2 – point f
(f) the financial statements of the EFSI, accompanied with an opinion of an independent external auditor.
Amendment 1276 #
Proposal for a regulation
Article 10 – paragraph 6
Article 10 – paragraph 6
6. The Commission shall, by 30 June1 March of each year, send to the European Parliament, the Council and the Court of Auditors an annual report on the situation of the guarantee fund and the management thereof in the previous calendar year.
Amendment 1287 #
Proposal for a regulation
Article 11 – paragraph 1
Article 11 – paragraph 1
1. At the request of the European Parliament, the Managing Director, the Chair of the EFSI Steering Board and the Chair of the EIB Board of Directors shall participate in a hearing of the European Parliament on the performance of the EFSI.
Amendment 1394 #
Proposal for a regulation
Article 18
Article 18
Regulation (EU) No 1291/2013
Article 6, paragraphs 1,2 and 3; Annex II
Article 6, paragraphs 1,2 and 3; Annex II
Amendment 1399 #
Proposal for a regulation
Article 18 – paragraph 1
Article 18 – paragraph 1
Article 18 – paragraph 1
Article 18 – paragraph 2
Amendment 1430 #
Proposal for a regulation
Article 18 a (new)
Article 18 a (new)
Article 18 a To partially finance the contribution from the Union budget, the available envelopes of the Structural Funds – the European Regional Development Fund provided by , the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development, provided by Regulation (EU) No 1303/2013, Regulation (EU) No 1301/2013, Regulation (EU) No 1299/2013, Regulation (EU) No 1304/2013, Regulation (EU) No 1305/2013 and Council Regulation (EU) No 1300/2013 - should be reduced.
Amendment 1437 #
Proposal for a regulation
Article 19
Article 19
Regulation (EU) No 1316/2013
Article 5
Article 5
Amendment to Regulation (EU) No In Article 5 of Regulation (EU) No 1316/2013, paragraph 1 is replaced by the following: ‘ 1. The financial envelope for the implementation of the CEF for the period 2014 to 2020 is set at EUR 29 942 259 000 (*) in current prices. That amount shall be distributed as follows: (a) transport sector: EUR 23 550 582 000, of which EUR 11 305 500 000 shall be transferred from the Cohesion Fund to be spent in line with this Regulation exclusively in Member States eligible for funding from the Cohesion Fund; (b) telecommunications sector: EUR 1 041 602 000; (c) energy sector: EUR 5 350 075 000. These amounts are without prejudice to the application of the flexibility mechanism provided for under Council Regulation (EU, Euratom) No 1311/2013(*). (*) Council Regulation (EU, Euratom) No 1311/2013 of 2 December 2013 laying down the multiannual financial framework for the years 2014-20 (OJ L 347, 20.12.2013, p. 884). ’rticle 19 deleted 1316/2013
Amendment 1444 #
Proposal for a regulation
Article 19
Article 19
Article 19
Article 19 – paragraph 1
Amendment to Regulation (EU) No In Article 5 of Regulation (EU) No 1316/2013, paragraph 1 is replaced by the following: ‘ 1. The financial envelope for the implementation of the CEF for the period 2014 to 2020 is set at EUR 29 942 259 000 (*) in current prices. That amount shall be distributed as follows: (a) transport sector: EUR 23 550 582 000, of which EUR 11 305 500 000 shall be transferred from the Cohesion Fund to be spent in line with this Regulation exclusively in Member States eligible for funding from the Cohesion Fund; (b) telecommunications sector: EUR 1 041 602 000; (c) energy sector: EUR 5 350 075 000. These amounts are without prejudice to the application of the flexibility mechanism provided for under Council Regulation (EU, Euratom) No 1311/2013(*). (*) Council Regulation (EU, Euratom) No 1311/2013 of 2 December 2013 laying down the multiannual financial framework for the years 2014-20 (OJ L 347, 20.12.2013, p. 884). ’rticle 19 deleted 1316/2013