\n\t\t\t\t\t\t\t \t\t\tThe proposal for a decision seeks to grant a Community guarantee to the EIB (European Investment Bank) in the event of losses resulting from loans for projects carried out in South Africa. In the present proposal the Commission invites the EIB:\n- to extend its loan operations to investment projects in that country under usual lending conditions, particularly with regard to the duration of the loan and the rate of interest;\n- to make available to South Africa a maximum of ECU 300 million of loans to be granted over an indicative period of 2 years. These loans would be entirely covered by Community guarantee.\n�
\n\t\t \t\t\t\t\t\t
\n"],"title":"COM(1994)0543","type":"Legislative proposal published","url":"http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1994&nu_doc=543"}],"type":"Legislative proposal published"},{"body":"EP","committees":[{"body":"EP","committee":"BUDG","committee_full":"Budgets","date":"1995-01-25T00:00:00","rapporteur":[{"group":"PSE","name":"TOMLINSON The Lord John E."}],"responsible":true},{"body":"EP","committee":"CONT","committee_full":"Budgetary Control","date":"1995-02-02T00:00:00","rapporteur":[{"group":"PPE","name":"THEATO Diemut R."}],"responsible":false},{"body":"EP","committee":"DEVE","committee_full":"Development and Cooperation","responsible":false},{"body":"EP","committee":"JURI","committee_full":"Legal Affairs, Citizens' Rights","date":"1994-12-02T00:00:00","rapporteur":[{"group":"PPE","mepref":"51ec63d2b819f257520004b7","name":"PALACIO VALLELERSUNDI Ana"}],"responsible":false}],"date":"1995-01-16T00:00:00","type":"Committee referral announced in Parliament, 1st reading/single reading"},{"body":"EP","committees":[{"body":"EP","committee":"BUDG","committee_full":"Budgets","date":"1995-01-25T00:00:00","rapporteur":[{"group":"PSE","name":"TOMLINSON The Lord John E."}],"responsible":true},{"body":"EP","committee":"CONT","committee_full":"Budgetary Control","date":"1995-02-02T00:00:00","rapporteur":[{"group":"PPE","name":"THEATO Diemut R."}],"responsible":false},{"body":"EP","committee":"DEVE","committee_full":"Development and Cooperation","responsible":false},{"body":"EP","committee":"JURI","committee_full":"Legal Affairs, Citizens' Rights","date":"1994-12-02T00:00:00","rapporteur":[{"group":"PPE","mepref":"51ec63d2b819f257520004b7","name":"PALACIO VALLELERSUNDI Ana"}],"responsible":false}],"date":"1995-02-22T00:00:00","docs":[{"title":"A4-0033/1995","type":"Committee report tabled for plenary, 1st reading/single reading"}],"text":["
\n\t\t\t\t\t\t\t \t\t\tThe committee unanimously adopted a report by Mr TOMLINSON on the\n Commission's proposal for a Community guarantee to the European Investment\n Bank against losses under loans for projects in South Africa.\n Despite some reservations as to whether a total guarantee under the EU\n budget was necessary, given the advanced physical and financial\n infrastructure and low indebtedness of South Africa, members supported the\n general thrust of the Commission's proposal. This provides for the extension\n of EIB activities to that country under usual lending conditions and for a\n maximum of 300 MECUS of loans to be granted over an indicative period of two\n years.\n Members felt that even if full cover was not warranted in this case, for\n reasons directly concerned with South Africa, the rapid building up of the\n guarantee fund was a worthwhile aim in itself and should therefore be\n supported.\n However, the Committee could not support the Commission's chosen legal base\n for the measure - Art. 235, which provides for the simple consultation\n procedure to be used in cases not covered elsewhere in the Treaty. In this\n instance, where the Community is taking action \"to promote harmonious,\n balanced ans sustainable social and economic development\", the Treaty does\n make specific provisions, under Art. 130u, 130w (1) and 189c.\n The Committee adopted three amendments calling for this change, which\n requires the use of the cooperation procedure and implies a switch over form\n compulsory to non-compulsory expenditure, both of which significantly\n increase Parliament's role in the legislative process.\n In response, the representative of the Commission agreed with Mr Terry WYNN\n that South Africa should be considered as a developing nation and that the\n Commission would therefore consider making the appropriate changes in the\n legal base.\n However, Mr TOMLINSON reported subsequently that the same Commission\n representative had later changed his position in front of the Legal Affairs\n Committee, which was due to give its opinion on the matter. There, he has\n supported the use of Art. 235 and refused to concede any link between\n guarantee cover and development. As a consequence, the Legal Affairs\n Committee had voted against the change to Art. 130u, 130w (i) and 189c.\n Mr TOMLINSON summed up the view of most members in declaring that \"we should\n either capitulate to lunacy or reject this view\". The Chairman concluded\n that there was no need for this committee to change its view and that\n members should mobilise opinion in their political gorups against the views\n expressed by the Legal Affairs Committee.\n
\n\t\t \t\t\t\t\t\t
\n"],"type":"Vote in committee, 1st reading/single reading"},{"body":"EP","date":"1995-03-17T00:00:00","docs":[{"title":"Debate in Parliament","type":"Debate in Parliament","url":"http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19950317&type=CRE"},{"text":["
\n\t\t\t\t\t\t\t \t\t\tThe proposal was approved subject to the following amendments, and then referred to the appropriate Parliamentary committee in accordance with Article 129 of Parliament's Rules of Procedure:\n- Parliament amends the legal basis by withdrawing the reference to Article 235 of the Treaty and replacing this with Articles 130 U, 130 W(1) and 189 C;\n- the expenditure entered in the financial statement accompanying the proposal is designated as non-obligatory expenditure (contrary to the proposal put forward by the Commission).\n�
\n\t\t \t\t\t\t\t\t
\n"],"title":"T4-0128/1995","type":"Decision by Parliament, 1st reading/single reading"}],"type":"Debate in Parliament"},{"body":"CSL","council":"Economic and Financial Affairs ECOFIN","date":"1995-03-20T00:00:00","meeting_id":"1835","type":"Council Meeting"},{"body":"EP","committees":[{"body":"EP","committee":"BUDG","committee_full":"Budgets","date":"1995-01-25T00:00:00","rapporteur":[{"group":"PSE","name":"TOMLINSON The Lord John E."}],"responsible":true},{"body":"EP","committee":"CONT","committee_full":"Budgetary Control","date":"1995-02-02T00:00:00","rapporteur":[{"group":"PPE","name":"THEATO Diemut R."}],"responsible":false},{"body":"EP","committee":"DEVE","committee_full":"Development and Cooperation","responsible":false},{"body":"EP","committee":"JURI","committee_full":"Legal Affairs, Citizens' Rights","date":"1994-12-02T00:00:00","rapporteur":[{"group":"PPE","mepref":"51ec63d2b819f257520004b7","name":"PALACIO VALLELERSUNDI Ana"}],"responsible":false}],"date":"1995-04-18T00:00:00","docs":[{"title":"A4-0087/1995","type":"Committee report tabled for plenary, 1st reading/single reading"}],"text":["
\n\t\t\t\t\t\t\t \t\t\tThe committee adopted the second report by Mr TOMLINSON on the proposal for a Council decision.\nThe overall ceiling of loans granted to South Africa by the EIB should not exceed ECU 300 million over a period of two years, in other words ECU 125 million in 1995 and ECU 175 million in 1996.\nThe rapporteur highlighted the fact that since South Africa could not be considered to be a developing country, the Community guarantee to the EIB against loans granted should be set at 75% instead of 100%, as proposed by the Commission, and the Committee on Budgets adopted an amendment to this effect. This report was due to be considered during the May sitting.\n�
\n\t\t \t\t\t\t\t\t
\n"],"type":"Vote in committee, 1st reading/single reading"},{"body":"EP","date":"1995-05-17T00:00:00","docs":[{"title":"Debate in Parliament","type":"Debate in Parliament","url":"http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19950517&type=CRE"}],"type":"Debate in Parliament"},{"body":"EP","date":"1995-05-19T00:00:00","docs":[{"text":["
\n\t\t\t\t\t\t\t \t\t\tThe European Parliament approved this proposal with a single amendment: the Community guarantee granted to the EIB against losses under loans for projects in South Africa should not exceed 75% (as opposed to 100%, as provided for by the Commission).\n�
\n\t\t \t\t\t\t\t\t
\n"],"title":"T4-0270/1995","type":"Decision by Parliament, 1st reading/single reading"}],"type":"Decision by Parliament, 1st reading/single reading"},{"body":"CSL","council":"Development","date":"1995-06-01T00:00:00","meeting_id":"1849","type":"Council Meeting"},{"body":"EP","date":"1995-06-01T00:00:00","type":"End of procedure in Parliament"},{"body":"EP/CSL","date":"1995-06-01T00:00:00","type":"Act adopted by Council after consultation of Parliament"},{"date":"1995-06-15T00:00:00","docs":[{"title":"Decision 1995/207","url":"http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=31995D0207"},{"title":"OJ\u00a0L 131 15.06.1995, p. 0031","url":"http://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:1995:131:SOM:EN:HTML"}],"text":["
\n\t\t\t\t\t\t\t \t\t\tOBJECTIVE: to grant a total Community guarantee to the EIB against losses under loans for projects carried out in South Africa to a maximum of ECU 300 million over a period of two years.\nCOMMUNITY MEASURE: Council Decision 95/207/EC granting a Community guarantee to the European Investment Bank against losses under loans for projects in South Africa.\nSUBSTANCE: Through this Decision, the Community shall guarantee in full vis-à-vis the EIB any payments not received by it but due under loans granted in respect of investment projects carried out in South Africa.\nThe guarantee shall be restricted to an overall loan ceiling of ECU 300 million over a period of two years. If, on expiry of this period (15 June 1997), the loans granted have not attained ECU 300 million, the two-year period shall be automatically extended by six months.\nENTRY INTO FORCE: 15 June 1995.\n�
\n\t\t \t\t\t\t\t\t
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\n\t\t\t\t\t\t\t \t\t\tThe proposal for a decision seeks to grant a Community guarantee to the EIB (European Investment Bank) in the event of losses resulting from loans for projects carried out in South Africa. In the present proposal the Commission invites the EIB:\n- to extend its loan operations to investment projects in that country under usual lending conditions, particularly with regard to the duration of the loan and the rate of interest;\n- to make available to South Africa a maximum of ECU 300 million of loans to be granted over an indicative period of 2 years. These loans would be entirely covered by Community guarantee.\n�
\n\t\t \t\t\t\t\t\t
\n"],"title":"COM(1994)0543","type":"Legislative proposal published","url":"http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=1994&nu_doc=543"}],"type":"Legislative proposal published"},{"body":"EP","committees":[{"body":"EP","committee":"BUDG","committee_full":"Budgets","date":"1995-01-25T00:00:00","rapporteur":[{"group":"PSE","name":"TOMLINSON The Lord John E."}],"responsible":true},{"body":"EP","committee":"CONT","committee_full":"Budgetary Control","date":"1995-02-02T00:00:00","rapporteur":[{"group":"PPE","name":"THEATO Diemut R."}],"responsible":false},{"body":"EP","committee":"DEVE","committee_full":"Development and Cooperation","responsible":false},{"body":"EP","committee":"JURI","committee_full":"Legal Affairs, Citizens' Rights","date":"1994-12-02T00:00:00","rapporteur":[{"group":"PPE","mepref":"51ec63d2b819f257520004b7","name":"PALACIO VALLELERSUNDI Ana"}],"responsible":false}],"date":"1995-01-16T00:00:00","type":"Committee referral announced in Parliament, 1st reading/single reading"},{"body":"EP","committees":[{"body":"EP","committee":"BUDG","committee_full":"Budgets","date":"1995-01-25T00:00:00","rapporteur":[{"group":"PSE","name":"TOMLINSON The Lord John E."}],"responsible":true},{"body":"EP","committee":"CONT","committee_full":"Budgetary Control","date":"1995-02-02T00:00:00","rapporteur":[{"group":"PPE","name":"THEATO Diemut R."}],"responsible":false},{"body":"EP","committee":"DEVE","committee_full":"Development and Cooperation","responsible":false},{"body":"EP","committee":"JURI","committee_full":"Legal Affairs, Citizens' Rights","date":"1994-12-02T00:00:00","rapporteur":[{"group":"PPE","mepref":"51ec63d2b819f257520004b7","name":"PALACIO VALLELERSUNDI Ana"}],"responsible":false}],"date":"1995-02-22T00:00:00","docs":[{"title":"A4-0033/1995","type":"Committee report tabled for plenary, 1st reading/single reading"}],"text":["
\n\t\t\t\t\t\t\t \t\t\tThe committee unanimously adopted a report by Mr TOMLINSON on the\n Commission's proposal for a Community guarantee to the European Investment\n Bank against losses under loans for projects in South Africa.\n Despite some reservations as to whether a total guarantee under the EU\n budget was necessary, given the advanced physical and financial\n infrastructure and low indebtedness of South Africa, members supported the\n general thrust of the Commission's proposal. This provides for the extension\n of EIB activities to that country under usual lending conditions and for a\n maximum of 300 MECUS of loans to be granted over an indicative period of two\n years.\n Members felt that even if full cover was not warranted in this case, for\n reasons directly concerned with South Africa, the rapid building up of the\n guarantee fund was a worthwhile aim in itself and should therefore be\n supported.\n However, the Committee could not support the Commission's chosen legal base\n for the measure - Art. 235, which provides for the simple consultation\n procedure to be used in cases not covered elsewhere in the Treaty. In this\n instance, where the Community is taking action \"to promote harmonious,\n balanced ans sustainable social and economic development\", the Treaty does\n make specific provisions, under Art. 130u, 130w (1) and 189c.\n The Committee adopted three amendments calling for this change, which\n requires the use of the cooperation procedure and implies a switch over form\n compulsory to non-compulsory expenditure, both of which significantly\n increase Parliament's role in the legislative process.\n In response, the representative of the Commission agreed with Mr Terry WYNN\n that South Africa should be considered as a developing nation and that the\n Commission would therefore consider making the appropriate changes in the\n legal base.\n However, Mr TOMLINSON reported subsequently that the same Commission\n representative had later changed his position in front of the Legal Affairs\n Committee, which was due to give its opinion on the matter. There, he has\n supported the use of Art. 235 and refused to concede any link between\n guarantee cover and development. As a consequence, the Legal Affairs\n Committee had voted against the change to Art. 130u, 130w (i) and 189c.\n Mr TOMLINSON summed up the view of most members in declaring that \"we should\n either capitulate to lunacy or reject this view\". The Chairman concluded\n that there was no need for this committee to change its view and that\n members should mobilise opinion in their political gorups against the views\n expressed by the Legal Affairs Committee.\n
\n\t\t \t\t\t\t\t\t
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\n\t\t\t\t\t\t\t \t\t\tThe proposal was approved subject to the following amendments, and then referred to the appropriate Parliamentary committee in accordance with Article 129 of Parliament's Rules of Procedure:\n- Parliament amends the legal basis by withdrawing the reference to Article 235 of the Treaty and replacing this with Articles 130 U, 130 W(1) and 189 C;\n- the expenditure entered in the financial statement accompanying the proposal is designated as non-obligatory expenditure (contrary to the proposal put forward by the Commission).\n�
\n\t\t \t\t\t\t\t\t
\n"],"title":"T4-0128/1995","type":"Decision by Parliament, 1st reading/single reading"}],"type":"Debate in Parliament"},{"body":"CSL","council":"Economic and Financial Affairs ECOFIN","date":"1995-03-20T00:00:00","meeting_id":"1835","type":"Council Meeting"},{"body":"EP","committees":[{"body":"EP","committee":"BUDG","committee_full":"Budgets","date":"1995-01-25T00:00:00","rapporteur":[{"group":"PSE","name":"TOMLINSON The Lord John E."}],"responsible":true},{"body":"EP","committee":"CONT","committee_full":"Budgetary Control","date":"1995-02-02T00:00:00","rapporteur":[{"group":"PPE","name":"THEATO Diemut R."}],"responsible":false},{"body":"EP","committee":"DEVE","committee_full":"Development and Cooperation","responsible":false},{"body":"EP","committee":"JURI","committee_full":"Legal Affairs, Citizens' Rights","date":"1994-12-02T00:00:00","rapporteur":[{"group":"PPE","mepref":"51ec63d2b819f257520004b7","name":"PALACIO VALLELERSUNDI Ana"}],"responsible":false}],"date":"1995-04-18T00:00:00","docs":[{"title":"A4-0087/1995","type":"Committee report tabled for plenary, 1st reading/single reading"}],"text":["
\n\t\t\t\t\t\t\t \t\t\tThe committee adopted the second report by Mr TOMLINSON on the proposal for a Council decision.\nThe overall ceiling of loans granted to South Africa by the EIB should not exceed ECU 300 million over a period of two years, in other words ECU 125 million in 1995 and ECU 175 million in 1996.\nThe rapporteur highlighted the fact that since South Africa could not be considered to be a developing country, the Community guarantee to the EIB against loans granted should be set at 75% instead of 100%, as proposed by the Commission, and the Committee on Budgets adopted an amendment to this effect. This report was due to be considered during the May sitting.\n�
\n\t\t \t\t\t\t\t\t
\n"],"type":"Vote in committee, 1st reading/single reading"},{"body":"EP","date":"1995-05-17T00:00:00","docs":[{"title":"Debate in Parliament","type":"Debate in Parliament","url":"http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19950517&type=CRE"}],"type":"Debate in Parliament"},{"body":"EP","date":"1995-05-19T00:00:00","docs":[{"text":["
\n\t\t\t\t\t\t\t \t\t\tThe European Parliament approved this proposal with a single amendment: the Community guarantee granted to the EIB against losses under loans for projects in South Africa should not exceed 75% (as opposed to 100%, as provided for by the Commission).\n�
\n\t\t \t\t\t\t\t\t
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\n\t\t\t\t\t\t\t \t\t\tOBJECTIVE: to grant a total Community guarantee to the EIB against losses under loans for projects carried out in South Africa to a maximum of ECU 300 million over a period of two years.\nCOMMUNITY MEASURE: Council Decision 95/207/EC granting a Community guarantee to the European Investment Bank against losses under loans for projects in South Africa.\nSUBSTANCE: Through this Decision, the Community shall guarantee in full vis-à-vis the EIB any payments not received by it but due under loans granted in respect of investment projects carried out in South Africa.\nThe guarantee shall be restricted to an overall loan ceiling of ECU 300 million over a period of two years. If, on expiry of this period (15 June 1997), the loans granted have not attained ECU 300 million, the two-year period shall be automatically extended by six months.\nENTRY INTO FORCE: 15 June 1995.\n�
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