BETA

21 Amendments of Mara BIZZOTTO related to 2016/0276(COD)

Amendment 19 #
Proposal for a regulation
Recital 1
(1) Since the Investment Plan for Europe was presented in November 20143, the conditions for an uptake in investment have not improved and. Nor are we seeing a return of confidence in Europe’s economy and growth are returning. The Union is now in its fourth year of moderate recovery, with Gross Domestic Product growing at 2% in 2015or of economic growth. Average GDP growth across the Member States in 2015 was a very modest 2%. The comprehensive efforts initiated with the Investment Plan are alreadynot delivering concrete results, despite the fact that macroeconomic effects of larger investment projects cannot be immediate. Investment is expected to pick up gradually throughout 2016 and 2017 although it remains below historical levels. __________________ 3. Investment remains at historically low levels. __________________ 3 COM(2014) 903 final. COM(2014) 903 final.
2017/02/07
Committee: EMPL
Amendment 22 #
Proposal for a regulation
Recital 2
(2) That positive momentum should be maintained and efforts need to be continued to bring investment back to its long-term sustainable Investment Plan does not work and its mechanisms should not be trend. The mechanisminforced. The results of the Investment Plan work and should be reinforced to continue the mobilisation of private investments in sectors important to Europe's future and where market failures or sub-optimal investment situations remainare impossible to evaluate owing to the lack of relevant data, particularly as regards the labour market.
2017/02/07
Committee: EMPL
Amendment 26 #
Proposal for a regulation
Recital 3
(3) On 1 June 2016 the Commission issued a Communication entitled ‘Europe investing again – Taking stock of the Investment Plan for Europe and next steps’ outlining the achievements of the Investment Plan so far and the envisaged next steps, including the extension of the European Fund for Strategic Investments (EFSI) beyond its initial three-year period, the scaling-up of the Small and Medium- sized Enterprises (SME) Window within the existing framework and the enhancement of the European Investment Advisory Hub (EIAH). That report lacked any assessment of the impact the Investment Plan has had on creating jobs, particularly sustainable jobs.
2017/02/07
Committee: EMPL
Amendment 27 #
Proposal for a regulation
Recital 4
(4) The EFSI, implemented and co- sponsored by the EIB Group, is firmly on track to deliver the objective of mobilizing at least EUR 315 billion in additional investments in the real economy by mid- 2018. The market absorption has been particularly quick under the SME Window where the EFSI is delivering well beyond expectations. In July 2016 the SME Window was thus scaled-up by EUR 500 million within the existing parameters of Regulation (EU) No 2015/1017. A larger share of financing to be geared towards SMEs given the exceptional market demand for SME financing under the EFSI: 40% of the increased risk bearing capacity of the EFSI should be geared towards increasing access to financing for SMEs.
2017/02/07
Committee: EMPL
Amendment 29 #
Proposal for a regulation
Recital 5
(5) On 28 June 2016, the European Council concluded that "The Investment Plan for Europe, in particular the European Fund for Strategic Investments (EFSI), has already delivered concrete results and is a major step to help mobilise private investment while making smart use of scarce budgetary resources. The Commission intends to soon put forward proposals on the future of the EFSI, which should be examined as a matter of urgency by the European Parliament and the Council."deleted
2017/02/07
Committee: EMPL
Amendment 30 #
Proposal for a regulation
Recital 6
(6) The EFSI was established for an initial period of three years and with the aim of mobilising at least EUR 315 billion in investments. Given its success, the Commission is committed to the doubling of the EFSI, both in terms of duration and financial capacity. The legal extension covers the period of the current Multiannual Financial Framework and should provide a total of at least half a trillion euro investments by 2020. In order to enhance the firepower of the EFSI even further and reach the aim of doubling the investment target, Member States should also contribute as a matter of priorityfailure and the impossibility of reliably evaluating its results, its duration should not be extended and its financial capacity should not be increased.
2017/02/07
Committee: EMPL
Amendment 34 #
Proposal for a regulation
Recital 7
(7) For the period after 2020, the Commission intends to put forward the necessary proposals to ensure that strategic investment will continue at a sustainable level.deleted
2017/02/07
Committee: EMPL
Amendment 36 #
Proposal for a regulation
Recital 8
(8) The extended EFSI should address remaining market failures and sub- optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future job creation – including for the youth –, growth and competitiveness with strengthened additionality. They include investments in the areas of energy, environment and climate action, social and human capital and related infrastructure, healthcare, research and innovation, cross-border and sustainable transport, as well as the digital transformation. In particular, the contribution of operations supported by the EFSI to achieving the Union's ambitious targets set at the Paris Climate Conference (COP21) should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture come within the general objectives eligible for EFSI support.deleted
2017/02/07
Committee: EMPL
Amendment 50 #
Proposal for a regulation
Recital 10 a (new)
(10a) At the end of the term of the EFSI, the Commission should present a report showing the Fund’s results, particularly in the area of job creation. Reliable and relevant data should be collected and analysed.
2017/02/07
Committee: EMPL
Amendment 57 #
Proposal for a regulation
Recital 12
(12) For the full investment period, the Union should provide a Union guarantee (the 'EU guarantee') which should not, at any time, exceed EUR 216 000 000 000 in order to enable the EFSI to support investments, of which a maximum of EUR 16 000 000 000 should be available prior to 6 July 2018.
2017/02/07
Committee: EMPL
Amendment 58 #
Proposal for a regulation
Recital 13
(13) It is expected that when the EU guarantee is combined with the EUR 7 500 000 000 to be provided by the EIB, the EFSI support should generate EUR 100 000 000 000 additional investment by the EIB and EIF. The amount of EUR 100 000 000 000 supported by the EFSI is expected to generate at least EUR 500 000 000 000 of additional investment in the real economy by the end of 2020.deleted
2017/02/07
Committee: EMPL
Amendment 60 #
Proposal for a regulation
Recital 14
(14) In order to partly finance the contribution from the general budget of the Union to the EU guarantee fund for the additional investments to be made, a transfer should be made from the available envelope of the Connecting Europe Facility (CEF), provided for in Regulation (EU) No 1316/2013 of the European Parliament and of the Council4. Moreover, EUR 1 145 797 000 of appropriations should be transferred from the CEF financial instruments to the grant part of the CEF with a view to facilitating blending with the EFSI or to other relevant instruments, in particular those dedicated to energy efficiency. __________________ 4Regulation (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, 12.2013, p. 129.deleted
2017/02/07
Committee: EMPL
Amendment 72 #
Proposal for a regulation
Recital 21
(21) The European Investment Advisory Hub (EIAH) should be enhanced and its activities should focus on needs not covered adequately under current arrangements. It should pay particular attention to supporting the preparation of projects involving two or more Member States and projects that contribute to achieving the objectives of COP21. Notwithstanding its objective to build upon existing advisory services of the EIB and the Commission, so to act as a single technical advisory hub for project financing within the Union, the EIAH should also contribute actively to the objective of sectorial and geographical diversification of the EFSI and support the EIB where needed in originating projects. It should also actively contribute to the establishment of investment platforms and provide advice on the combination of other sources of Union funding with the EFSI.
2017/02/07
Committee: EMPL
Amendment 81 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point a
Regulation (EU) 2015/1017
Article 4 – paragraph 2 – point a – point ii
(a) in point (a), point (ii) is replaced by the following: ‘(ii) the amount, of no less than EUR 7 500 000 000 in guarantees or cash, and the terms of the financial contribution which is to be provided by the EIB through the EFSI;’;deleted
2017/02/07
Committee: EMPL
Amendment 102 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point b
Regulation (EU) 2015/1017
Article 9 – paragraph 2 – subparagraph 2
(b) in paragraph 2, the following subparagraph is added: ‘The EIB shall target that at least 40 % of EFSI financing under the infrastructure and innovation window supports projects with components that contribute to climate action, in line with the COP21 commitments. The Steering Board shall provide detailed guidance to that end.’;deleted
2017/02/07
Committee: EMPL
Amendment 106 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point c
Regulation (EU) 2015/1017
Article 9 – paragraph 3
(c) paragraph 3 is replaced by the following: ‘3. the EU guarantee may be granted for supporting financing andeleted investment operations covered by this Regulation shall last until: (a) operations for which a contract between the EIB and the beneficiary or financial intermediary has been signed by 31 December 2022; (b) operations for which a contract between the EIF and the financial intermediary has been signed byiod during which 31 December 2020, for EIB 31 December 2022.’;0, for EIF
2017/02/07
Committee: EMPL
Amendment 110 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7 – point a
Regulation (EU) 2015/1017
Article 11 – paragraph 1
1. The EU guarantee shall not, at any time, exceed EUR 216 000 000 000, of which a part may be allocated for EIB funding or guarantees to the EIF in accordance with paragraph 3. Aggregate net payments from the general budget of the Union under the EU guarantee shall not exceed EUR 26 000 000 000 and not exceed EUR 16 000 000 000 prior to 6 July 201816 000 000 000.;
2017/02/07
Committee: EMPL
Amendment 111 #
Proposal for a regulation
Article 1 – paragraph 1 – point 8 – point b
Regulation (EU) 2015/1017
Article 12 – paragraph 7
(b) paragraph 7 is replaced by the following: ‘7. calls on the EU guarantee, the level of the guarantee fund falls below 50 % of the target amount, or it may fall below that level within a year according to a risk assessment by the Commission, the Commission shall submit a report on exceptional measures that may be required.’;deleted From 1 July 2018, if as a result of
2017/02/07
Committee: EMPL
Amendment 112 #
Proposal for a regulation
Article 1 – paragraph 1 – point 8 – point c
Regulation (EU) 2015/1017
Article 12 – paragraph 10
(c) In the event that the EU guarantee is fully restored up to an amount of EUR 216 000 000 000, any amount in the guarantee fund in excess of the target amount shall be paid to the general budget of the Union as internal assigned revenue in accordance with Article 21(4) of Regulation (EU, Euratom) No 966/2012 for any budget lines which may have been used as a source of redeployment to the guarantee fund;
2017/02/07
Committee: EMPL
Amendment 117 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point a – point ii
Regulation (EU) 2015/1017
Article 14 – paragraph 1 –subparagraph 2 – second sentence
It shall also support the preparation of climate action and circular economy projects or components thereof, in particular in the context of COP21, the preparation of projects in the digital sector, as well as the preparation of projects referred to in the fifth subparagraph of Article 5(1).;
2017/02/07
Committee: EMPL
Amendment 127 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point a
Regulation (EU) 2015/1017
Article 18 – paragraph 6
6. By 30 June 2018 and 30 June 2020, the Commission shall submit to the European Parliament and the Council a report containing an independent evaluation of the application of this Regulation.; That evaluation should cover aspects relating to the labour market, particularly the impact of the EFSI on the creation of sustainable jobs.
2017/02/07
Committee: EMPL