2010/2248(INI) | [ParlTrack]

Draft opinion
Paragraph 6 a (new)

6a. Welcomes the changes brought about by the Lisbon Treaty under Article 209 EC, read in conjunction with Article 208 EC, that lays down that the EIB is to contribute, under the terms laid down in its Statute, to the implementation of the measures necessary to further the objectives of the Community’s development cooperation policy;

Amendment 15 #

Draft opinion
Paragraph 6 a (new)

6a. Recalls that EIB's financing strategy and operations should contribute to the general principles guiding the EU’s external action, as referred to in Article 21 of the Treaty on the European Union, to the objective of developing and consolidating democracy and the rule of law, to the objective of respecting human rights and fundamental freedoms and the observance of international environmental agreements to which the European Community or its Member States are parties. Compliance with the provisions of the Aarhus Convention on Access to Information, Public Participation in Decision-Making and Access to Justice in Environmental Matters should be ensured by the EIB at the different relevant stages of the projects;

Amendment 16 #

Draft opinion
Paragraph 6 a (new)

6a. Recommends that the EIB’s role in development be more focused, selective and effective, and result oriented. Further recommends that in support of the small- and medium-sized enterprise the EIB should use its strength to provide financing to those that are most in need for the value added it can provide; takes the view that in reaching the small- and medium-sized enterprises, it should partner especially with those financial intermediaries and equity participation in financial institutions that are local financial institutions, strictly linked to the local economy and with a development mission, acting in a transparent and accountable way and implementing internationally recognised environmental, social and human rights standards;

Amendment 17 #

Bart STAES

Draft opinion
Paragraph 6 a (new)

6a. Considers that with regard to lending for SMEs through financial intermediaries, the EIB should actively disclose information through its website, in particular the amount disbursed, the number of allocations made so far, the regions and the industry sector disbursed to; takes the view that information on the conditions that the financial intermediary should fulfil should also be supplied;

Amendment 18 #

Draft opinion
Paragraph 6 a (new)

6a. Calls for the EIB to remunerate, at the average rate of remuneration of guarantees observed on the financial market, the guarantee which the European Union provides for it in the event of losses arising from loans and guarantees for the benefit of projects implemented outside the Union; considers that the guarantee which the Union provides to the EIB, and its remuneration, should be subject to auditing by the Court of Auditors;

Amendment 19 #

Ingeborg GRÄSSLE, Jean-Pierre AUDY

Draft opinion
Paragraph 6 b (new)

6b. Reiterates its proposal for the European Union to be able to become a member of the EIB;

Amendment 2 #

Draft opinion
Paragraph 1

1. Considers that the time has come for strategic long-term investment in Europe to be substantially increased; in this respect asks for: -more transparency of the bank's activities towards the European Parliament -clear accountability towards the European Parliament by the EIB -targeted use of financial instruments;

Amendment 20 #

Draft opinion
Paragraph 6 a (new)

6a. Calls on the EIB to further enhance transparency in its lending through financial intermediaries and to establish clear financing conditions for financial intermediaries and lending effectiveness criteria; also takes the view that the value added of the EIB is to be reported regularly;

Amendment 21 #

Bart STAES

Draft opinion
Paragraph 6 a (new)

6a. Takes the view that in its annual reports to the Parliament the Bank should report on the progress made in terms of transparency and increased accountability in particular when it comes to lending through financial intermediaries, and the application of its revised “EIB policy towards weakly regulated, non- transparent and uncooperative jurisdictions” from December 2010;

Amendment 22 #

Draft opinion
Paragraph 6 a (new)

6a. Considers that the European Investment Bank (EIB) shall update its policy on offshore financial centres and go beyond the existing level playing field of OECD lists and take account of all jurisdictions that might allow tax avoidance or evasion by developing a more stringent definition; takes the view that in cases where support is granted to financial intermediaries, the EIB should also ensure that all supported banks and other financial intermediaries have stringent safeguards in place against the use of secrecy jurisdictions;

Amendment 3 #

Draft opinion
Paragraph 4

4. ~~Reiterates its call for~~Welcomes the fact that the EIB ~~to be~~is subject to prudential regulatory supervision by Luxembourg in order to monitor the quality of its financial situation and ensure precise measurement of its results and compliance with the rules of sound business practice;

Amendment 4 #

Draft opinion
Paragraph 5 – introductory part

5. Proposes ~~that~~furthermore thisat regulatory supervision should be:

Amendment 5 #

Draft opinion
Paragraph 5 – point i

~~i) exercised by the European Central Bank on the basis of Article 127(6) of the Treaty on the Functioning of the European Union;~~deleted

Amendment 6 #

Draft opinion
Paragraph 5 – point ii

ii) or, failing that and on the basis of a voluntary approach by the EIB, carried out by the European Banking Authority orwith or without the participation of one or more national regulators, or by an independent auditor;

Amendment 7 #

Draft opinion
Paragraph 5 – point ii

ii) ~~or, failing that and on the basis of a voluntary approach by the EIB, carried out~~ by the European Banking Authority ~~or an independent auditor~~to be increased;

Amendment 8 #

Edit HERCZOG

Draft opinion
Paragraph 5 a (new)

5a. Requests the Commission to provide Parliament by 30 November 2011 with a legal analysis on the possible options for a prudential supervision of the EIB;

Amendment 9 #

Draft opinion
Paragraph 6

6. Proposes that the Commission ~~should entrust~~, in cooperation with the EIB, in view of the quality of its human resources and its experience of financing major infrastructure, ~~with~~should perform the task of conducting a strategic reflection on investment funding without ruling out any possible scenario, including: subsidies, the release of sums subscribed by the Member States to the EIB's capital, subscriptions by the European Union to the capital of the EIB, loans, innovatory instruments, financial engineering tailored to long-term projects which are not immediately profitable, the development of guarantee systems, the creation of an investment section within the Union budget, financial consortia between European, national and local authorities, public-private partnerships, etc.

source: PE-458.477

2011/02/07 ECON 62 amendments...

Amendment 1 #

Motion for a resolution
Citation 3 a (new)

– having regard to its resolution of 16 June 2010 on EU 20203, __________________ 3 Texts adopted, P7_TA(2010)0223

Amendment 10 #

Motion for a resolution
Paragraph 4 a (new)

4a. Recognises the critical role the EIB plays in supporting SMEs particularly in times of financial crisis and economic downturn and calls on it to facilitate the interplay of its global loan scheme with structural fund grants;

Amendment 11 #

Motion for a resolution
Paragraph 5

5. Welcomes the increase in the amounts lent to SMEs between 2008 and 2011, to an annual average of EUR 7.5 billion, as well as the setting-up of the European Progress Microfinance Facility in March 2010 with EUR 200 million of funding from the Commission and the Bank; calls, however, for more qualitative measures in order to increase the value added by EIB intervention in this field. Expresses its concerns about the lack of transparency regarding the way “global loans” are monitored, the way they are used and reported to EIB by financial intermediary. Calls on the EIB to further enhance transparency in its lending through financial intermediaries and to establish clear financing conditions for financial intermediaries and lending effectiveness criteria. Calls on the EIB furthermore to report annually on its lending to SMEs, including an evaluation of the accessibility and effectiveness thereof. Calls on the EIB to ensure that the benefits derived from EIB funding are passed on to SMEs;

Amendment 12 #

Motion for a resolution
Paragraph 5

5. ~~Welcomes the increase in~~Considers the amounts lent to SMEs between 2008 and 2011, to an annual average of EUR 7.5 billion, as well as the ~~setting-up of the~~ European Progress Microfinance Facility ~~in March 2010~~ with EUR 200 million of funding from the Commission and the Bank to be insufficient in light of their difficulty in getting credit; calls, however, for ~~mor~~precise qualntitative ~~measure~~indicators in order to ~~incr~~measure the value added by EIB intervention in this field; calls on the EIB to provide an estimate of the number of jobs created in this period by its investment in SMEs;

Amendment 13 #

Motion for a resolution
Paragraph 5

5. WPoints out the importance of SMEs to the European economy and therefore welcomes the increase in the amounts lent to SMEs between 2008 and 2011, to an annual average of EUR 7.5 billion, as well as the setting-up of the European Progress Microfinance Facility in March 2010 with EUR 200 million of funding from the Commission and the Bank; calls, however, for more qualitative measures in order to increase the value added by EIB intervention in this field;

Amendment 14 #

Motion for a resolution
Paragraph 5 a (new)

5a. Takes the view that in all its financial operations, EIB should implement EU’s environmental, social, transparency and procurement standards. Calls on EIB to enhance monitoring of projects in that respect and to ensure that all projects strictly adhere to these standards;

Amendment 15 #

Motion for a resolution
Paragraph 5 b (new)

5b. Asks the EIB to put in place measures directed to achieve a greater penetration rate in its lending practices to SMEs.

Amendment 16 #

Motion for a resolution
Paragraph 6

6. ~~Consider~~Welcomes that access by the EIB to ECB liquidity via the Banque Centrale du Luxembourg ~~should be assess~~has been agreed with a view to facilitating the EIB's lending programmes and liquidity management;

Amendment 17 #

Motion for a resolution
Paragraph 6 a (new)

6a. Notes that the convergence objective of the EU Cohesion Policy is a core target for the EIB; stresses the added value of the EIB joint actions with the European Commission in the area of technical assistance (JASPERS) thus providing additional support and leverage to Structural Funds intervention;

Amendment 18 #

Motion for a resolution
Paragraph 6 b (new)

6b. Believes that stricter criteria should be used to evaluate the efficiency of loans allocated through intermediary banks to SMEs.

Amendment 19 #

Motion for a resolution
Paragraph 7

7. Encourages the EIB to provide regions covered by the Convergence Objective with the technical assistance and co- financing that they need in order to be able to take up a larger portion of the funds available to them, especially for projects in priority sectors, such as the transport infrastructure sector, and other growth- and employment-enhancing projects in accordance with high social, transparency and environmental standards;

Amendment 2 #

Motion for a resolution
Paragraph 1

1. Welcomes the ~~changes brought about by the Lisbon Treaty, allowing~~opportunity for more flexibility in EIB financing, including: equity participations as a complement to the ordinary activities of the Bank; the possibility to establish subsidiaries and other entities, to regulate the so-called special activities and to provide wider technical assistance services; and the strengthening of the Audit Committee;

Amendment 20 #

Motion for a resolution
Paragraph 7

7. Encourages the EIB to provide regions covered by the Convergence Objective with the technical assistance and co- financing that they need in order to be able to take up a larger portion of the funds available to them, especially for projects in priority sectors, such as the transport infrastructure sector, and other growth- and employment-enhancing ~~projects~~and job creation projects forming part of the Europe 2020 Strategy;

Amendment 21 #

Motion for a resolution
Paragraph 7

7. Encourages the EIB to further provide regions covered by the Convergence Objective with the technical assistance and co- financing that they need in order to be able to take up a larger portion of the funds available to them, especially for projects in priority sectors, such as the transport infrastructure sector, and other growth- and employment-enhancing projects;

Amendment 22 #

Motion for a resolution
Paragraph 7 a (new)

7a. Calls on the EIB to bring its operations fully in line with a EU objective of a swift transition to a low carbon economy and to adopt a plan for the phase-out of fossil fuel lending by 2014 in line with Parliament's resolution of 29 November 2007 on trade and climate change, paragraph 29 of which called for "the discontinuation of public support, via export credit agencies and public investment banks, for fossil fuel projects and for the redoubling of efforts to increase the transfer of renewable energy and energy efficient technologies”;

Amendment 23 #

Motion for a resolution
Paragraph 7 b (new)

7b. Expresses its concern about the persistent lack of transparency regarding the way in which ‘global loans’ are allocated and monitored in terms of tax governance, and therefore considers it necessary to ensure that recipients of loans do not avail themselves of tax havens or use other tax evasion practices;

Amendment 24 #

Motion for a resolution
Paragraph 7 c (new)

7c. Calls on the EIB to guarantee privileged financing for projects with a high social and environmental value and with transparency standards;

Amendment 25 #

Motion for a resolution
Paragraph 7 d (new)

7d. Recalls the need for the EIB to swiftly phase out its lending for coal-fired power plants;

Amendment 26 #

Motion for a resolution
Paragraph 8 a (new)

8a. Welcomes the decision of the EIB Group to co-operate more closely with the Commission in the framework of cohesion policy with regard to the three joint initiatives: JESSICA, JEREMIE and JASMINE which are aimed at making cohesion policy more efficient and effective as well as strengthening the leverage function of structural funds; recognises that the above co-operation has proven useful and beneficiary, in particular in the context of the economic crisis;

Amendment 27 #

Motion for a resolution
Paragraph 10 a (new)

10a. Invites the EIB to continue to give to the joint initiatives with the European Commission a major role in the context of its collaboration with the Commission, particularly as regards cohesion policy; recognises the role that these initiatives have as catalysts for further development, among others with regard to the preparation of the next programming period post-2013;

Amendment 28 #

Motion for a resolution
Paragraph 10 b (new)

10b. Encourages the EIB to state a ranking of priorities in its investment projects, using methodologies like the cost-benefit analysis to achieve the highest possible multiplication effect on the GDP;

Amendment 29 #

Motion for a resolution
Paragraph 10 c (new)

10c. Encourages therefore the extension of the blending of EU grants with EIB loans as a means of increasing the leverage of available resources provided that the new financial instruments are smart, integrated and flexible;

Amendment 3 #

Motion for a resolution
Paragraph 1

1. ~~Welcomes~~Takes note of the changes brought about by the Lisbon Treaty, allowing more flexibility in EIB financing, including: equity participations as a complement to the ordinary activities of the Bank; the possibility to establish subsidiaries and other entities, to regulate the so-called special activities and to provide wider technical assistance services; and the strengthening of the Audit Committee;

Amendment 30 #

Motion for a resolution
Paragraph 10 d (new)

10d. Considers that the extensive experience in creating and using financial instruments during the present programming period should permit both the European Commission and the EIB to go beyond the current scope and use of these instruments and to innovate by extending the range of products offered;

Amendment 31 #

Motion for a resolution
Paragraph 11

11. Is of the opinion that clear and separate objectives and legal frameworks are needed for bonds issued by the EIB for its own financing, as well as for future ‘project bonds’ and common sovereign bond issuance;deleted

Amendment 32 #

Motion for a resolution
Paragraph 11 a (new)

11a. Points to the fact that the EIB is financing itself by successfully issuing common bonds backed by all EU Member States;

Amendment 33 #

Motion for a resolution
Paragraph 12

12. Welcomes the idea of ‘project bonds’ aimed at enhancing the credit rating of bonds issued by companies themselves within the framework of the Europe 2020 strategy; believes that such project bond issuance would impact positively on the availability of capital for growth- and job- enhancing ~~sustainable investments~~investments; points however out that increased public demand alone can not stimulate the economy in the long run;

Amendment 34 #

Motion for a resolution
Paragraph 12

12. Welcomes the idea of ‘project bonds’ aimed at enhancing the credit rating of bonds issued by companies themselves within the framework of the Europe 2020 strategy; believes that such project bond issuance would impact positively on the availability of capital for growth- and job- enhancing sustainable investments, and should also serve the purpose of the ecological transformation of the economy;

Amendment 35 #

Motion for a resolution
Paragraph 12

12. Welcomes the idea of ‘project bonds’ aimed not only at enhancing the credit rating of bonds issued by companies themselves within the framework of the Europe 2020 strategy but also to finance European infrastructures; believes that such project bond issuance would impact positively on the availability of capital for growth- and job- enhancing sustainable investments;

Amendment 36 #

Motion for a resolution
Paragraph 12 a (new)

12a. Considers that EU project bonds that finance large infrastructure investment are, in times of budgetary restraint, the only way forward and encourages the EIB to use this instrument to enhance the credit rating of selected projects and attract private financing to complement national and Cohesion fund investment;

Amendment 37 #

Motion for a resolution
Paragraph 13

13. Asks the Commission and the EIB therefore to ~~present concrete proposals~~assess the possibility to create ‘project bonds’; stresses that Parliament must be fully involved in establishing such instruments and asks for thought to be given to the use of the EU budget in the next multiannual financial framework as first loss capped risk buffer, with the EIB as subordinate financer;

Amendment 38 #

Motion for a resolution
Paragraph 14

14. Believes that there is a clear need for additional support by the EIB in the following areas: SMEs, midcaps and infrastructure and other key growth- and employment-enhancing projects as part of the Europe 2020 Strategy areas where the EIB can have the greatest beneficial impact on employment in the nations of Europe are in SMEs and midcaps;

Amendment 39 #

Motion for a resolution
Paragraph 14

14. Believes that there is a clear need for additional support by the EIB in the following areas: SMEs, midcaps and infrastructure and other key growth- and employment-enhancing projects as part of the Europe 2020 Strategy in accordance with high transparency, social and environmental standards;

Amendment 4 #

Motion for a resolution
Paragraph 1 a (new)

1a. Recalls the changes brought about by the Lisbon Treaty, clarifying EIB’s objectives of financing in the third countries, which must support the overarching principles for EU interaction with the wider world as stated in TEU Article 3(5) and under the guarantee must support the aims of EU external actions set out in TEU Article 21;

Amendment 40 #

Motion for a resolution
Paragraph 14

14. Believes that there is a clear need for additional support by the EIB in the following areas: SMEs, midcaps and infrastructure, as the freight transport in the European railway sector, and other key growth- and employment-enhancing projects as part of the Europe 2020 Strategy;

Amendment 41 #

Saïd EL KHADRAOUI

Motion for a resolution
Paragraph 14 a (new)

14a. Urges the EIB to provide more support for the building of the TEN-T network, with the aim of generating a leverage effect for more investment, from both the public and the private sector; considers that, here too, ‘project bonds’ can act as a complementary investment instrument alongside the budget in the TEN-T fund; urges that future investment be concentrated on cross-border sections of the TEN-T network in order to optimise the European added value generated;

Amendment 42 #

Motion for a resolution
Paragraph 14 b (new)

14b. Urges the EIB to invest in order to extend the Trans-European Networks of freight transport to the Mediterranean ports, linking them definitively to the European markets;

Amendment 43 #

Motion for a resolution
Paragraph 15

Amendment 44 #

Motion for a resolution
Paragraph 15

15. ~~Urge~~Considers theat EIB to invest in the Nabucco gas pipeline and other important TEN-E projects that will allow future EU energy demand to be met, diversifying Europe's pool of supplier countries, improving the EU's policy mix and helping meet the Union's environmental commitmentment in energy infrastructure should be contingent on these vital projects remaining under the control of European nations;

Amendment 45 #

Motion for a resolution
Paragraph 15

15. Urges the EIB to invest in the Nabucco gas pipeline and other important TEN-E projects that will allow future EU energy demand to be met, diversifying Europe's pool of supplier countries, improving the EU's policy mix andcentre on energy efficiency measures and unlock energy savings potential by setting clear and adequate targets and pursuing the reform of its policy in order to help~~ing~~ to meet the Union's environmental commitments;

Amendment 46 #

Motion for a resolution
Paragraph 16

16. Welcomes the idea of taking initial steps towards the mutual issuance of a part of sovereign debt and the introduction of bonds to that effect, as already expressed in Parliament's resolution on the Commission Work Programme 2011; believes this would help create liquidity and reduce the overall borrowing costs of Member States in the euro area, which would also have a positive influence on the EIB's borrowing costs;deleted

Amendment 47 #

Motion for a resolution
Paragraph 17

17. Takes the view that, as part of its activities in the accession countries, the EIB should increase its focus onenergy efficiency measures, renewable energy and environmental infrastructure, TENs, and TEN-Es, and ~~PPPs~~in line with EU climate objectives prioritise sustainable modes of transport, in particular rail;

Amendment 48 #

Motion for a resolution
Paragraph 17

17. Takes the view that, as part of its activities in the accession countries, the EIB should increase its focus on TENs, TEN-Es, and PPPs in accordance with high social, transparency and environmental standards;

Amendment 49 #

Saïd EL KHADRAOUI

Motion for a resolution
Paragraph 17

17. Takes the view that, as part of its activities in the accession countries, the EIB should increase its focus on TENs, such as the TEN-T and TEN-Es, and PPPs;

Amendment 5 #

Motion for a resolution
Paragraph 2

2. Is aware of the request by some Member States for the EIB to take on more risk in its financing operations, but ~~at the same time recognises the importance of the EIB's AAA rating~~considers that the EIB's AAA rating should not be endangered by excessively risky investments;

Amendment 50 #

Motion for a resolution
Paragraph 19

19. Welcomes the conclusion of the Steering Committee of Wise-Persons (SCWP) that thought should be given to developing an ‘EU Platform for External Cooperation and Development’, ~~based on~~however urges the EIB and o~~ptimal blending of resources and mutual reliance between participating financial institutions~~ther European institutions to carefully address the feasibility of this new approach and its implications in the long-run for the effectiveness of the overall EU external action to avoid that overall development policies and objectives are diluted by setting up instruments with no preliminary assessment on the goals and priorities they will serve;

Amendment 51 #

Motion for a resolution
Paragraph 20

20. Welcomes the proposed new decision that would strengthen the capacity of the EIB to support EU development objectives, replace regional objectives with horizontal high-level objectives and develop operational guidelines for each region under the external mandate; recalls the need for setting clear priorities, including renewable energy, urban infrastructure, development of municipalities, locally owned financial institutions;

Amendment 52 #

Motion for a resolution
Paragraph 21 – point a

(a) the allocation of a greater number of dedicated and specialist staff with expertise in development issues and developing countries, environmental due diligence, monitoring and ex-post evaluation of projects; as well as an increase in the local presence of staff in third countries,

Amendment 53 #

Motion for a resolution
Paragraph 21 – point a a (new)

(aa) increasing the share of the participation of local actors in the projects, in order to help building a competent native workforce,

Amendment 54 #

Motion for a resolution
Paragraph 21 a (new)

21a. Is of opinion that EIB’s due diligence and monitoring mechanisms of operations need to be improved, regarding EU environmental and social and human rights standards;

Amendment 55 #

Motion for a resolution
Paragraph 22 a (new)

22a. Is of opinion that EIB should improve its transparency standards, especially in active disclosure of environmental and financial information on projects before it approves its operations; Underlines that monitoring mechanisms of the EIB's lending operations to all projects still need to be improved, especially regarding EU environmental and social standards; stresses that individual projects financed by the EIB in third countries should be subject to independent Sustainability Impact Assessments to identify the economic, social and environmental effects of the project; insists that such projects be made available to the public at least 60 days prior to any loan decision by the Bank and that residents in the area concerned receive adequate and timely information so that they have the possibility of playing a full part in the decision making process;

Amendment 56 #

Motion for a resolution
Paragraph 25

25. Encourages the signing of the Memorandum of Understanding currently being negotiated between the EIB, the EBRD and the Commission with a view to strengthening cooperation in all common countries of operation outside the EU with the dual aim of making on lending coherent with each other and coherent with EU policy objectives such as social cohesion and environmental protection;

Amendment 57 #

Motion for a resolution
Paragraph 26

26. Is of the opinion that relying on the OECD's list of offshore financial centres is not sufficient and that all internationally recognised lists should apply until the EU has established its own list; however the EIB shall perform its own independent assessment and monitoring of relevant non cooperative jurisdictions, and regularly make public its results, which would complement analyses from international and EU Reference Lists;

Amendment 58 #

Motion for a resolution
Paragraph 27

27. Is of the opinion that the EIB must not participate in any operation implemented through a non-cooperative jurisdiction, as identified by the OECD, the FATF and other relevant international organisations, as well as its own independent assessment and monitoring;

Amendment 59 #

Motion for a resolution
Paragraph 27

Amendment 6 #

Motion for a resolution
Paragraph 2

2. Is aware of the request by some Member States for the EIB to take on more risk in its financing operations, but at the same time recognises the importance of the EIB's AAA rating, inter alia because this is a key factor in enabling it to provide its loans under the best conditions;

Amendment 60 #

Motion for a resolution
Paragraph 28 a (new)

28a. Asks the EIB to include in its Annual Report to the EP details concerning the implementation of its policy on offshore financial centres, in particular by reporting the number of applications turned down due to non-compliance and the number of relocation undertakings requested and implemented in order to be in compliance;

Amendment 61 #

Motion for a resolution
Paragraph 28 b (new)

28b. Calls on the EIB to further enhance a proactive and timely disclosure of project information, including own assessment on the environmental, social, human rights and development impacts of the project, monitoring reports and ex- post evaluation reports;

Amendment 62 #

Motion for a resolution
Paragraph 29

29. Instructs its President to forward this resolution to the Council, the Commission, the European Investment Bank, The World Bank Group, all regional development banks, and the governments and parliaments of the Member States.

Amendment 7 #

Motion for a resolution
Paragraph 2

2. Is aware of the request by some Member States for the EIB to take on more risk in its financing operations, but ~~at the same time recognises the importanc~~draws the attention on the fact that it could be at the expense of the EIB's AAA rating;

Amendment 8 #

Motion for a resolution
Paragraph 3 a (new)

3a. Recommends, however, considering the suggestion that monitoring should be introduced concerning the quality of the EIB’s financial situation, the precise measurement of its results and compliance with the rules of sound business practice;

Amendment 9 #