Activities of Jean-Pierre AUDY related to 2012/2286(INI)
Plenary speeches (2)
European Investment Bank - 2011 annual report (debate)
European Investment Bank - 2011 annual report (debate)
Amendments (10)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Supports the decision by EIB shareholders to increase the fully paid-in subscribed capital by EUR 10 billion, which should allow the EIB to provide up to EUR 60 billion in additional long-term lending; calls for an explanation ofn the figure of EUR 60 billion, given that Article 16(5) of Protocol No 5 to the TFEUconsonance of that additional intervention capacity with Article 16(5) of Protocol No 5 to the Treaty on the Functioning of the European Union on the statute of the EIB, which provides that the aggregate amount outstanding of loans and guarantees shall not exceed 2.5 times the subscribed capital, which would mean an additional amount outstanding of EUR 25 billion, not EUR 60 billion;
Amendment 2 #
Draft opinion
Paragraph 2
Paragraph 2
2. Reaffirms the importance of the EIB voluntarily complying with the current Basel II capital requirements, and suggests that it meet the forthcoming Basel III obligations while remaining mindful of the specific nature of its activities; considers it very important for the EIB to maintain its triple A rating;
Amendment 3 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses that the overall level of credit risk in the Bank’s loan portfolio has risen owing, on the one hand, to growing pressure on the credit standing of counterparties due to the continuing effects of the economic crisis and, on the other hand, to the increased credit risk inherent in new operations; recommends that the EIB take appropriate measures to avoid a deterioration of its loan portfolio;
Amendment 4 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that European Union project bonds will be financbacked jointly by the Union and the EIB; supports the call by EU Member States for the Bank to develop such project bonds in order to improve the long- term financing of major infrastructure projects;
Amendment 5 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Stresses, however, that in the case of infrastructure funded by the EIB on a public-private partnership (PPP) basis, accumulated public-sector payments should be publicised and a clear distinction drawn between the risks borne by the public and those borne by the private partners;
Amendment 6 #
Draft opinion
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Proposes that the Commission, in conjunction with the EIB (in view of the quality of the latter’s human resources and its experience in financing major infrastructure), engage in a process of strategic analysis of investment funding, without ruling out any possible scenario, including subsidies, the release of sums subscribed by the Member States to the EIB’s capital, subscriptions by the European Union to the capital of the EIB, loans, innovative instruments, financial engineering tailored to long-term projects which are not immediately profitable, the development of guarantee systems, the creation of an investment section within the Union budget, financial consortia between European, national and local authorities, public-private partnerships, etc.
Amendment 7 #
Draft opinion
Paragraph 3 c (new)
Paragraph 3 c (new)
3c. Believes that the EIB, as a bank needing to maintain its triple A rating, must not be exposed on financial interventions that would normally come under the investment section of a public budget, which is something that the EU budget is lacking;
Amendment 8 #
Draft opinion
Paragraph 5 – subparagraph 1
Paragraph 5 – subparagraph 1
regrets that the EIB has takenCommission has proposed no action in this regard, despite Parliament'’s requests, dating back to 2007;
Amendment 9 #
Draft opinion
Paragraph 6
Paragraph 6
6. Calls for the remuneration of the guarantee granted by the European Union for operations conducted outside the Union to be paid to the general budget of the Union; calls on DG CompetitCommission to provide an assurance to the European Parliament that EIB activities comply with competition rules, particularly with regard to other credit institutions;
Amendment 10 #
Draft opinion
Paragraph 7
Paragraph 7
7. Reiterates its proposal for the European Union to become a member of the EIB.