2 Amendments of Jens GEIER related to 2018/0229(COD)

Proposal for a regulation
Article 10 – paragraph 1 a (new)

1a. The EU guarantee under the EU compartment shall be allocated to implementing partners. At least 75% of the EU guarantee under the EU compartment shall be allocated to the EIB Group. Amounts exceeding 75% of the EU guarantee may be made available to the EIB Group in the event that national promotional banks or institutions cannot fully use the remaining share of the guarantee. National promotional banks or institutions may fully benefit from the EU guarantee also in case they decide to access to it through the EIB or the European Investment Fund. The EIB Group shall involve national and regional promotional banks or institutions when financing projects and designing financial instruments in their respective Member States and regions in order to assure the highest possible added value and subsidiarity.

2018/11/07
Committee: BUDG ECON

Jens GEIER

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 2

For the EU compartment, the eligible counterparts shall have expressed their interest and shall be able to cover financing and investment operations in ~~at least thre~~one or more Member States or Regions. The implementing partners may also cover together financing and investment operations in ~~at least three Member States by forming a group~~one or more Member States or Regions by forming a group. The implementing partners, whose contractual responsibility is limited by their respective national mandates, may also address market failures or suboptimal investment situations with respective, locally adapted, comparable instruments.

2018/11/07
Committee: BUDG ECON

2 Amendments of Jens GEIER related to 2018/0229(COD)

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