8 Amendments of Mara BIZZOTTO related to 2015/0009(COD)
Amendment 20 #
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 investment as a consequence of asymmetries of regulation which still persist on the internal market, market uncertainty regarding the economic future, austerity policies and the rigid fiscal constraints imposed on Member States by the Troika. This lack of investment slows consumption and economic recovery and negatively affects job creation, long-term growth prospects and competitiveness.
Amendment 63 #
Proposal for a regulation
Recital 9
Recital 9
(9) The investment environment within the Union should be improved by removing barriers to investment, reducing red tape, reinforcing the Single Market and by enhancing regulatory predictability. The work of the EFSI, and investments across Europe generally, should benefit from this accompanying work.
Amendment 66 #
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, particularly in the euro zone, and to ensure increased access to financing, which should be of particular benefit to small and medium enterprises. 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 cohesionenhancing the competitiveness of European businesses and supporting employment.
Amendment 78 #
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments with high economic value added contributing to employment, to enhanced competitiveness of European businesses and to achieving Union policy objectives.
Amendment 93 #
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 financingface serious liquidity problems and do not attract market financing and loans from credit institutions, 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.
Amendment 98 #
Proposal for a regulation
Recital 13
Recital 13
(13) The EFSI should be established within the EIB in order to benefit from its experience and proven track record and in order for its operations to start to have a positive impact as quickly as possibleon businesses and the economy quickly. The work of the EFSI on providing finance to small and medium enterprises and small mid-cap companies shouldmust be channelled through the European Investment Fund ('EIF') to benefit from its experience in these activities.
Amendment 119 #
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 ensure additionality over existing operations. The EFSI should finance projects across the Union, including in thproviding most of its support to the euro zone countries most affected by the financial crisis. The EFSI should only be used where financing is not available from other sources on reasonable terms.
Amendment 130 #
Proposal for a regulation
Recital 16
Recital 16
(16) The EFSI shouldmust target investments that are expected to bepractical and economically and technically viable, which may entail a degree of appropriate risk, whilst still meeting the particular requirements for EFSI financing.