Activities of Burkhard BALZ related to 2015/0009(COD)
Plenary speeches (2)
European Fund for Strategic Investments (debate) DE
European Fund for Strategic Investments (debate) DE
Amendments (13)
Amendment 90 #
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, with recent forecasts indicating slight rebound effects. The Union suffers in particular from a lack of investment as a consequence of market uncertainty regarding the economic future, the reform agenda and the fiscal consustraintsability onf Member States. This lack of investment slowsFiscal adjustment, structural reforms and an increase in investment will relaunch economic recovery and negapositively affects job creation, long-term growth prospects and competitiveness.
Amendment 108 #
Proposal for a regulation
Recital 2
Recital 2
(2) Comprehensive action is required to reverse the vicious circle created by aaddress the lack of investment. SImplementing structural reforms and ensuring fiscal responsibility are necessary preconditions for stimulating investment and for reinforcing confidence in the European economy. Along with a renewed impetus towards investment financing, these preconditions can contribute to establishing a virtuous circle, where economic reforms and investment projects help support employment and demand and lead to a sustained increase in growth potential.
Amendment 277 #
Proposal for a regulation
Recital 15
Recital 15
(15) The EFSI should target projects with a higher risk-return profile than existing EIB and Union instruments to ensureand should aim at additionality over existing operations. The EFSI should financeselect projects across the Union, including in the countries most affected by the financial crisisfrom a range of eligible projects across the whole of the Union. The EFSI should onlyin particular be used where financing is not available from other sources on reasonable terms. Where financing from the market or private investors is available without any EFSI involvement, these sources of financing should be strictly prioritised.
Amendment 685 #
Proposal for a regulation
Article 2 – paragraph 1 – subparagraph 3 a (new)
Article 2 – paragraph 1 – subparagraph 3 a (new)
The EFSI Agreement shall establish the independence of the Investment Committee in the selection of operations and projects, the selection procedure and the application of the investment guidelines.
Amendment 726 #
Proposal for a regulation
Article 2 – paragraph 2 – subparagraph 3 a (new)
Article 2 – paragraph 2 – subparagraph 3 a (new)
The EIAH shall establish a system of fees and grants for the provision of advisory services. Project promoters, accessing the expertise from the EIAH, shall be eligible for grants covering up to 50% or in exceptional cases up to 80% of the costs.
Amendment 838 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 1
Article 3 – paragraph 5 – subparagraph 1
The EFSI Agreement shall provide that the EFSI shall have an Investment Committee, which shall be responsible for examining potential operations in line with the EFSI investment policies and approving the support of the EU guarantee for operations in line with Article 5, irrespective of their geographic location within the European Union. The Investment Committee shall be independent in the selection of operations and projects, in the selection procedure and in the application of the investment guidelines.
Amendment 876 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2 a (new)
Article 3 – paragraph 5 – subparagraph 2 a (new)
The Members of the Investment Committee shall be proposed by the European Investment Bank and appointed by the Steering Board of the EFSI. The Members shall be chosen on the basis of an open selection procedure from among individuals of a recognised standing with a high level of relevant market experience, macroeconomic expertise and knowledge in project financing, and who are not representatives of the Union Institutions or Member States.
Amendment 884 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 3 a (new)
Article 3 – paragraph 5 – subparagraph 3 a (new)
The Members of the Investment Committee shall not seek or take any instruction from the EIB, the Union Institutions, the Member States or any other public or private body.
Amendment 1012 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 a (new)
Article 5 – paragraph 2 – subparagraph 1 a (new)
The Steering Committee shall develop and adopt the investment guidelines according to which the Investment Committee shall decide on the use of the EU guarantee. The investment guidelines shall be made publicly available.
Amendment 1024 #
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 Investment Committee shall be responsible for approving an investment platform in its basic investment policies, leaving the individual investment decisions to the platform. The request for approval shall be renewed, if the investment platform amends its basic investment policies in a substantial manner.
Amendment 1043 #
Proposal for a regulation
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
Amendment 1055 #
Proposal for a regulation
Article 5 – paragraph 2 b (new)
Article 5 – paragraph 2 b (new)
2b. For SME and other small-scale support schemes that benefit from EFSI the eligibility criteria shall be verified on the level of the support scheme.
Amendment 1265 #
Proposal for a regulation
Article 10 – paragraph 2 a (new)
Article 10 – paragraph 2 a (new)
2a. The scope and frequency of the reporting requirements shall be proportionate, in particular where additional or detailed information from national promotional banks, intermediaries or end-users are necessary to fulfil the requirements.