{"change_dates":[],"dossier":{"amendments":[{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-1","location":[["Motion for a resolution","Citation 2 a (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:03"},"new":["\u2013 having regard to the OECD Principles","on Long Term Investment Financing,"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"1","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Wolf Klinz","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-2","location":[["Motion for a resolution","Citation 8"]],"meps":[28244],"meta":{"created":"2019-07-03T05:16:03"},"new":["\u2013 having regard to the regulation of the","European Parliament and of the Council on","European Venture Capital Funds","(COM(2011)0860),"],"old":["\u2013 having regard to the proposal for a","regulation of the European Parliament and","of the Council on European Venture","Capital Funds (COM(2011)0860),"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"2","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-3","location":[["Motion for a resolution","Citation 11 a (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:03"},"new":["\u2013 having regard to the Transatlantic","Trade and Investment Partnership","negotiations,"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"3","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-4","location":[[" Motion for a resolution","Recital B"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:03"},"new":["B. whereas the global financial crisis and","the sovereign debt crisis in the EU have","significantly hampered the financial","intermediation process and the capacity of","governments to invest; note that private","investment has decreased from 21.3% of","GDP in 2007 to 17.2% of GDP in 2013 for","the EU overall, while public investment","has decreased from 2.9% in 2009 to 2.3%","in 2013;"],"old":["B. whereas the global financial crisis and","the sovereign debt crisis in the EU have","significantly hampered the financial","intermediation process;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"4","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-5","location":[[" Motion for a resolution","Recital B"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:03"},"new":["B. whereas the global financial crisis and","the sovereign debt crisis in the EU have","significantly hampered the financial","intermediation process and the ability of","the financial sector in Europe to channel","savings to long-term investment needs;"],"old":["B. whereas the global financial crisis and","the sovereign debt crisis in the EU have","significantly hampered the financial","intermediation process;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"5","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-6","location":[[" Motion for a resolution","Recital B"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:03"},"new":["B. whereas the global financial crisis and","the sovereign debt crisis in the EU have","significantly hampered the financial","intermediation process, and this has been","particularly detrimental for the financing","of SMEs;"],"old":["B. whereas the global financial crisis and","the sovereign debt crisis in the EU have","significantly hampered the financial","intermediation process;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"6","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-7","location":[["Motion for a resolution","Recital B a (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:03"},"new":["Ba. whereas public investment has a key","role to play in driving long-term","investment; whereas, as shown by the","Commission's recent studies1, fiscal","consolidation policies, in particular when","coordinated at EU level, due to spill over","effects and to the existence of a positive","fiscal multiplicator, had a very severe","impact on long-term investment","1","http://ec.europa.eu/economy_finance/pu","blications/economic_paper/2013/pdf/ecp5","06_en.pdf"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"7","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-8","location":[["Motion for a resolution","Recital B b (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:03"},"new":["Bb. whereas international competitors of","the EU, such as the US or Japan, have","maintained high levels of public","investment, while EU policies have led to","very low levels of the latter;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"8","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-9","location":[[" Motion for a resolution","Recital C"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:03"},"new":["C. whereas there is a persistent lack of","confidence and a high level of risk aversion","on the part of both private and institutional","investors due to economic and political","instability;"],"old":["C. whereas there is a persistent lack of","confidence and a high level of risk aversion","on the part of both private and institutional","investors;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"9","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-10","location":[[" Motion for a resolution","Recital D"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:03"},"new":["D. whereas the low-interest environment","and low growth projections, at least for","the foreseeable future and economic","uncertainty have significantly decreased","the supply of long-term financing as well","as risk appetite for long-term projects;"],"old":["D. whereas the low-interest environment","and economic uncertainty have","significantly decreased demand and risk","appetite for long-term projects;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"10","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-11","location":[["Motion for a resolution","Recital D a (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:03"},"new":["Da. whereas austerity measures in","Member States have hampered public","sector capacity to invest in infrastructure;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"11","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-12","location":[["Motion for a resolution","Recital D a (new)"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:03"},"new":["Da. whereas according to scientific","estimates, to avoid the worst effects of","climate change (limiting global warming","to 2 degrees), roughly two-thirds of the","known carbon reserves have to remain","unburned; whereas carbon assets","currently part of companies' assessed","value are likely to be stranded assets;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"12","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-13","location":[["Motion for a resolution","Subheading 1"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:03"},"new":["deleted"],"old":["Reasoning"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"13","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-14","location":[[" Motion for a resolution","Paragraph 1"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:03"},"new":["1. Welcomes the Commission\u2019s initiative","of starting a broad debate on ways to foster","the supply of long-term financing and to","improve and diversify the system of","financial intermediation for long-term","investment in the EU. Stresses, however,","that concrete advances need to be made as","a matter of urgency in order to relaunch","long term investment and job-creation in","the EU; stresses the idea that the","definition of long-term financing should","be balanced and include the existence of","stable liabilities in order to handle long-","term assets without any risk of excessive","liquidity;"],"old":["1. Welcomes the Commission\u2019s initiative","of starting a broad debate on ways to foster","the supply of long-term financing and to","improve and diversify the system of","financial intermediation for long-term","investment in the EU;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"14","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-15","location":[[" Motion for a resolution","Paragraph 1 a (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:04"},"new":["1a. Recalls that breakthrough is necessary","in many areas:","- a broad-based Financial Transaction","Tax","- strengthened financial market","regulation in order to counter short-","termism; recalls in this respect that the","level and quality of prudential reforms","does not per se constitute obstacles to","long-term investments","- a European industrial policy as well as","legislative act on company restructuring","(as requested by the European Parliament","in January 2013) in order to ensure long","term planning for businesses","- binding EU 2020 targets so that EU","policies seek to attain these objectives","including the Stability and Growth Pact","- strengthen the fight against tax fraud","and tax evasion, harmonize the corporate","tax base and to move towards minimum","CIT rates at EU level;"],"old":["",""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"15","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-16","location":[["Motion for a resolution","Paragraph 1 a (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:04"},"new":["1a. Shares the Commission's view that the","EU financial sector has been less","successful since the financial crisis in","channelling savings into long term","investment given the weak","macroeconomic environment","characterized by high uncertainty and risk","aversion;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"16","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-17","location":[["Motion for a resolution","Paragraph 2"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:04"},"new":["2. Stresses that long-term investments in","line with the needs of the real economy","provide a necessary basis for continuous","sustainable economic growth and social","well-being necessary to achieve a","competitive, sustainable and inclusive EU;"],"old":["2. Stresses that long-term investments","provide the basis for continuous economic","growth and social well-being necessary to","achieve a competitive, sustainable and","inclusive EU;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"17","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-18","location":[[" Motion for a resolution","Paragraph 2"]],"meps":[23413],"meta":{"created":"2019-07-03T05:16:04"},"new":["2. Stresses that long-term investments","provide the basis for continuous and","sustainable economic growth and social","well-being necessary to achieve a","competitive, sustainable and socially","inclusive EU;"],"old":["2. Stresses that long-term investments","provide the basis for continuous economic","growth and social well-being necessary to","achieve a competitive, sustainable and","inclusive EU;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"18","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-19","location":[[" Motion for a resolution","Paragraph 2"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:04"},"new":["2. Stresses that long-term investments","provide the basis for continuous economic","growth and social well-being necessary to","achieve a competitive, sustainable,","inclusive and innovative EU;"],"old":["2. Stresses that long-term investments","provide the basis for continuous economic","growth and social well-being necessary to","achieve a competitive, sustainable and","inclusive EU;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"19","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Wolf Klinz, Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-20","location":[["Motion for a resolution","Paragraph 2 a (new)"]],"meps":[28244,97197],"meta":{"created":"2019-07-03T05:16:04"},"new":["2a. Stresses that long-term investments","shall be in line with the objectives","outlined in the Europe 2020 growth","strategy, the 2012 industrial policy update,","the Innovation Union initiative as well as","Connecting Europe Facility;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"20","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-21","location":[["Motion for a resolution","Paragraph 2 a (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:04"},"new":["2a. Stresses the importance of ring-","fencing of public investment, in order to","ensure that fiscal consolidation does not","hamper it; Calls on the Commission to","come forward with a proposal, as agreed","in the two-pack, to accommodate under","certain conditions, non-recurrent, public","investment programmes with a proven","impact on the sustainability of public","finances made by the Member States in","the assessment of their Stability and","Convergence Programmes;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"21","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-22","location":[[" Motion for a resolution","Paragraph 2 b (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:04"},"new":["2b. Stresses that costs of training and","education should be treated as long-term","investments;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"22","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-23","location":[[" Motion for a resolution","Paragraph 3"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:04"},"new":["3. Notes that the economy\u2019s capacity to","provide financing for long-term investment","depends on public and private demand,","both very low in the EU, its investment","culture as well as its ability to generate","savings and attract and retain domestic and","foreign direct investment capital;"],"old":["3. Notes that the economy\u2019s capacity to","provide financing for long-term investment","depends on its ability to generate savings","and attract and retain domestic and foreign","direct investment capital;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"23","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-24","location":[[" Motion for a resolution","Paragraph 3"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:04"},"new":["3. Notes that the economy's capacity to","provide financing for long-term investment","depends on its ability to generate financing","capacities and attract and retain domestic","and foreign direct investment capital;"],"old":["3. Notes that the economy\u2019s capacity to","provide financing for long-term investment","depends on its ability to generate savings","and attract and retain domestic and foreign","direct investment capital;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"24","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Wolf Klinz, Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-25","location":[["Motion for a resolution","Paragraph 3 a (new)"]],"meps":[28244,97197],"meta":{"created":"2019-07-03T05:16:04"},"new":["3a. Emphasises that long-term","investments play a crucial part in","stabilising financial markets by investing","countercyclically and therefore promote","sustainable economic growth;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"25","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-26","location":[["Motion for a resolution","Paragraph 3 b (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:04"},"new":["3b. Stress that far-reaching cooperation","between the EU institutions, the Member","States, local and regional authorities will","be crucial to overcoming the economic","crisis, facing new challenges and","achieving common goals;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"26","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-27","location":[["Motion for a resolution","Paragraph 4 a (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:04"},"new":["4a. Notes that the EU financial system","will become more resilient with a broader","range of non-bank finance sources and","instruments that serve savers and the","long-term financing needs of companies;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"27","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-28","location":[[" Motion for a resolution","Paragraph 4 a (new)"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:04"},"new":["4a. Notes that for EU objectives in the","field of climate and energy to be reached,","asset allocation needs to be pushed","towards long-term green investment;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"28","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Burkhard Balz","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-29","location":[[" Motion for a resolution","Paragraph 4 a (new)"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:04"},"new":["4a. Underlines that fiscal consolidation is","the priority for public households in order","to ensure and to restore compliance with","the Stability and Growth Pact and","TwoPack; therefore supports the initiative","to enhance private investments in long-","term financing;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"29","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-30","location":[["Motion for a resolution","Subheading 2"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:04"},"new":["Barriers to smart, sustainable and","inclusive growth"],"old":["Barriers to growth"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"30","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-31","location":[["Motion for a resolution","Paragraph 5"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:05"},"new":["5. Notes that public financing is limited","owing to inter alia slow economic growth,","poor public budget management and the","granting of state aid to save financial","institutions and the lack of flexibility the","Commission and Council are using in the","application of the stability and growth","pact in times of economic downturn;"],"old":["5. Notes that public financing is limited","owing to slow economic growth, poor","public budget management and the","granting of state aid to save financial","institutions;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"31","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-32","location":[["Motion for a resolution","Paragraph 5"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:05"},"new":["5. Notes that public financing is limited","owing to coordinated fiscal consolidation","resulting in slow economic growth as well","as poor public budget management and the","granting of state aid to save financial","institutions;"],"old":["5. Notes that public financing is limited","owing to slow economic growth, poor","","public budget management and the","granting of state aid to save financial","institutions;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"32","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-33","location":[[" Motion for a resolution","Paragraph 5 a (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:05"},"new":["5a. Notes that specific local and regional-","level circumstances are not given enough","attention in provision of long-term","financing;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"33","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Joachim Zeller","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-34","location":[[" Motion for a resolution","Paragraph 6"]],"meps":[96762],"meta":{"created":"2019-07-03T05:16:05"},"new":["6. Notes that some countries face serious","obstacles to, or are even denied, access to","capital markets; notes, further, that SMEs","in many Member States are having great","difficulty accessing capital because","commercial banks are only prepared to","grant loans subject to unduly tough","conditions;"],"old":["6. Notes that some countries face serious","obstacles to, or are even denied, access to","capital markets;"],"orig_lang":"de","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"34","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-35","location":[["Motion for a resolution","Paragraph 6"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:05"},"new":["6. Notes that some countries face serious","obstacles to, or are even denied, access to","capital markets while capital markets have","been the main cause of the recent crisis;"],"old":["6. Notes that some countries face serious","obstacles to, or are even denied, access to","capital markets;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"35","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Andreas M\u00f6lzer","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-36","location":[["Motion for a resolution","Paragraph 6"]],"meps":[28255],"meta":{"created":"2019-07-03T05:16:05"},"new":["6. Notes that some countries face serious","obstacles to, or are even denied, access to","capital markets because in recent years","they have contracted excessive levels of","debt;"],"old":["6. Notes that some countries face serious","obstacles to, or are even denied, access to","capital markets;"],"orig_lang":"de","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"36","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-37","location":[["Motion for a resolution","Paragraph 6"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:05"},"new":["6. Notes that some Member States face","serious obstacles to, or are even denied,","access to capital markets;"],"old":["6. Notes that some countries face serious","obstacles to, or are even denied, access to","capital markets;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"37","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-38","location":[[" Motion for a resolution","Paragraph 6 a (new)"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:05"},"new":["6a. Notes that many SMEs continually","suffer from a lack of liquidity;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"38","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-39","location":[[" Motion for a resolution","Paragraph 6 a (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:05"},"new":["6a. Notes that SMEs have more limited","access to financing than large companies","do and that they face a lot of barriers;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"39","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-40","location":[[" Motion for a resolution","Paragraph 7"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:05"},"new":["7. Notes that some investors from the","banking and insurance sector need to adapt","their business models to evolving and","tightened regulatory requirements; points","out that these requirements are supposed","to strengthen the financing of the real","economy and should contribute to the","overarching EU objectives for a","sustainable, inclusive and smart economy;"],"old":["7. Notes that some investors from the","banking and insurance sector are reluctant","to invest on account of tightened","regulatory requirements;",""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"40","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Joachim Zeller","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-41","location":[["Motion for a resolution","Paragraph 7"]],"meps":[96762],"meta":{"created":"2019-07-03T05:16:05"},"new":["7. Notes that some investors from the","banking and insurance sector are reluctant","to invest on account of tightened regulatory","requirements adopted in response to the","business practices employed by market","operators before the financial crisis;"],"old":["7. Notes that some investors from the","banking and insurance sector are reluctant","to invest on account of tightened regulatory","requirements;"],"orig_lang":"de","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"41","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-42","location":[["Motion for a resolution","Paragraph 7"]],"meps":[97137],"meta":{"created":"2019-07-03T05:16:05"},"new":["7. Notes that some investors from the","banking and insurance sector are reluctant","to invest in certain types of assets in a","context of tightened regulatory","requirements;"],"old":["7. Notes that some investors from the","banking and insurance sector are reluctant","to invest on account of tightened","regulatory requirements;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"42","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-43","location":[[" Motion for a resolution","Paragraph 7"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:05"},"new":["7. Regrets that some investors from the","banking and insurance sector are reluctant","to invest on account of tightened regulatory","requirements;"],"old":["7. Notes that some investors from the","banking and insurance sector are reluctant","to invest on account of tightened regulatory","requirements;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"43","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Pablo Zalba Bidegain","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-44","location":[[" Motion for a resolution","Paragraph 7 a (new)"]],"meps":[96763],"meta":{"created":"2019-07-03T05:16:06"},"new":["7a. Points out that the fragmentation of","the financial markets has resulted in a","shortage of funding and in higher","funding costs, in particular for SMEs,","and that this is the main problem facing a","number of Member States, hampering","their economic recovery;"],"orig_lang":"es","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"44","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-45","location":[[" Motion for a resolution","Paragraph 7 a (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:06"},"new":["7a. Notes that investors may also be","deterred from investing in certain sectors,","given the risk of regulatory changes","which can materially alter the economics","of a project;"],"old":[""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"45","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-46","location":[["Motion for a resolution","Paragraph 7 a (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:06"},"new":["7a. Believes that the current and the","future reform of regulatory system should","be well assessed and its consequences","closely followed;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"46","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-47","location":[["Motion for a resolution","Paragraph 7 a (new)"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:06"},"new":["7a. Is concerned about markets","mispricing risks related to the","consequences of the necessary transition","to a climate friendly economy and limits","to fossil fuel reserves; stresses that fossil","fuel assets becoming \"unburnable\" can","create systemic risks;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"47","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-48","location":[["Motion for a resolution","Paragraph 7 b (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:06"},"new":["7b. Notes that current procurement","procedures in the EU often favour bank","financing over capital market financing;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"48","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-49","location":[[" Motion for a resolution","Paragraph 7 b (new)"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:06"},"new":["7b. Calls on the Commission in","cooperation with the ESRB to assess","systemic risks posed to capital markets","and society at large due to the overhang","of unburnable carbon assets; asks the","Commission to report on that assessment","as a follow-up to its Green paper;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"49","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-50","location":[[" Motion for a resolution","Paragraph 7 c (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:06"},"new":["7c. Notes that current bankruptcy codes in","the EU are fragmented and some may","deter cross-border investment and restrict","the ability of investors to recover their","capital in the event a project fails; warns","that a race to the bottom regarding","investor protection must be avoided;","recognises that bankruptcy provisions are","a Member State competency;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"50","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-51","location":[["Motion for a resolution","Paragraph 8"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:06"},"new":["8. Notes that commercial banks will remain","a main source of finance and that it is key","for the EU to establish new sources to","complement established mechanisms and","fill the funding gap; regrets that over the","last twenty years, public offering have","been declining in the EU hampering","growth, jobs creation, innovation and","stability. Notes the important share of","listed SMEs in the overall jobs created in","the EU and regrets the negative","consequences of such companies being","limited of capital while growing;"],"old":["8. Notes that commercial banks will remain","a main source of finance and that it is key","for the EU to establish new sources to","complement established mechanisms and","fill the funding gap;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"51","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-52","location":[["Motion for a resolution","Paragraph 8"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:06"},"new":["8. Notes that commercial banks will remain","a main source of finance and that it is key","for the EU to establish new sources to","complement established mechanisms and","fill the funding gap; while providing for an","appropriate regulatory and supervisory","framework adapted to the needs of the","real economy;"],"old":["8. Notes that commercial banks will remain","a main source of finance and that it is key","for the EU to establish new sources to","complement established mechanisms and","fill the funding gap;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"52","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-53","location":[[" Motion for a resolution","Paragraph 8"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:06"},"new":["8. Notes that commercial banks are likely","to remain a main source of finance and that","it is key for Member States to establish","new sources to complement established","mechanisms and fill the funding gap;"],"old":["8. Notes that commercial banks will remain","a main source of finance and that it is key","for the EU to establish new sources to","complement established mechanisms and","fill the funding gap;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"53","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Anne E. Jensen","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-54","location":[[" Motion for a resolution","Paragraph 8 a (new)"]],"meps":[4440],"meta":{"created":"2019-07-03T05:16:06"},"new":["8a. Notes that fewer and fewer new","European companies are tapping public","equity or public bond markets, which","means that capital markets are not going","to be able to meet the funding needs of","enterprises as banks deleverage, unless","actions are taken to change this trend;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"54","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Pierre Audy","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-55","location":[[" Motion for a resolution","Paragraph 8 a (new)"]],"meps":[33775],"meta":{"created":"2019-07-03T05:16:06"},"new":["8a. Proposes that consideration be given","to the creation of an investment section in","the European Union budget;"],"orig_lang":"fr","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"55","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Gunnar H\u00f6kmark","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-56","location":[["Motion for a resolution","Paragraph 8 a (new)"]],"meps":[28124],"meta":{"created":"2019-07-03T05:16:06"},"new":["8a. Points to the trend of a decline of","initial public offerings and considers that","this could be a major obstacle to meeting","future enterprise needs as well as","investments crucial to the EU's global","competitiveness;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"56","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-57","location":[["Motion for a resolution","Paragraph 9"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:07"},"new":["9. Welcomes the Commission's legislative","proposal on long-term investment funds;","notes that their envisaged characteristics","will mean that they serve mainly","institutional investors; points out that the","EU regime on alternative investment","funds; venture capital, and social","investments funds also provides suitable","investment vehicle models;"],"old":["9. Welcomes the Commission\u2019s legislative","proposal on long-term investment funds;","notes that their envisaged characteristics","will mean that they serve mainly","institutional investors; points out that the","EU regime on alternative investment funds","also provides suitable investment vehicle","models;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"57","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Mojca Kleva Keku\u0161, Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-58","location":[[" Motion for a resolution","Paragraph 9 a (new)"]],"meps":[23413,96950],"meta":{"created":"2019-07-03T05:16:07"},"new":["9a. Emphasizes the strengthened role of","new innovative financial instruments","within all fields of activity and all funds","covered by the European Structural and","Investment Funds; stresses that the role","of financial instruments within the","Cohesion Policy is growing in importance","given the poor availability of lending for","investment in the real economy; calls on","the Commission to guarantee legal clarity","and transparency of the new off-the-shelf","financial instruments and establish firmer","links with the EIB lending options;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"58","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-59","location":[[" Motion for a resolution","Paragraph 10"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:07"},"new":["10. Calls on the Commission to work with","Member States to enable the","establishment of local, regional and pan-","European frameworks for less liquid","investment funds in order to channel the","short-term liquidity of private households","into long-term investments, and to provide","an additional retirement solution;"],"old":["10. Calls on the Commission to propose a","European framework for less liquid","investment funds in order to channel the","short-term liquidity of private households","into long-term investments, and to provide","an additional retirement solution;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"59","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-60","location":[["Motion for a resolution","Paragraph 10"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:07"},"new":["10. Calls on the Commission to propose an","enhanced European framework for less","liquid investment funds in order to channel","the short-term liquidity of private","households into long-term investments, and","to provide an additional retirement","solution;"],"old":["10. Calls on the Commission to propose a","European framework for less liquid","investment funds in order to channel the","short-term liquidity of private households","into long-term investments, and to provide","an additional retirement solution;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"60","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-61","location":[["Motion for a resolution","Paragraph 11"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:07"},"new":["11. Encourages the stakeholders to further","develop the EU-European Investment Bank","Project Bond Initiative to increase the","financing of large European infrastructure","projects in the transport, energy and","information technology sectors and other","sectors providing services of general","interest in accordance with article 14","TFEU; calls on the Member States to","develop national project bond initiatives","underpinned by guarantee schemes;","stresses that these projects should meet","strict sustainability criteria; calls on the","Commission to propose additional","benchmarks and indicative targets for","developing the project Bond initiative in a","follow-up communication to its green","paper on long term investments;"],"old":["11. Encourages the stakeholders to further","develop the EU-European Investment Bank","Project Bond Initiative to increase the","financing of large European infrastructure","projects in the transport, energy and","information technology sectors; calls on","the Member States to develop national","project bond initiatives underpinned by","guarantee schemes;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"61","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-62","location":[[" Motion for a resolution","Paragraph 11"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:07"},"new":["11. Encourages the stakeholders to further","develop the EU-European Investment Bank","Project Bond Initiative to increase the","financing of large European infrastructure","projects in the transport, energy and","information technology sectors; calls on","the Member States to develop national","project bond initiatives underpinned by","guarantee schemes; recalls that public","guarantees should only be granted under","strict conditionality aimed at ensuring the","adequate provision of public goods;"],"old":["11. Encourages the stakeholders to further","develop the EU-European Investment Bank","Project Bond Initiative to increase the","financing of large European infrastructure","projects in the transport, energy and","information technology sectors; calls on","the Member States to develop national","project bond initiatives underpinned by","guarantee schemes;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"62","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-63","location":[[" Motion for a resolution","Paragraph 11"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:07"},"new":["11. Encourages the stakeholders to further","impact assess the EU-European Investment","Bank Project Bond Initiative and if","appropriate to further develop the","initiative to increase the financing of large","European infrastructure projects in the","transport, energy and information","technology sectors; calls on the Member","States to develop national project bond","initiatives underpinned by guarantee","schemes;"],"old":["11. Encourages the stakeholders to further","develop the EU-European Investment Bank","Project Bond Initiative to increase the","financing of large European infrastructure","projects in the transport, energy and","information technology sectors; calls on","the Member States to develop national","project bond initiatives underpinned by","guarantee schemes;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"63","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Wolf Klinz, Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-64","location":[["Motion for a resolution","Paragraph 11 a (new)"]],"meps":[28244,97197],"meta":{"created":"2019-07-03T05:16:07"},"new":["11a. Believes that Public Private","Partnerships (PPP) can be an effective","and cost-efficient method to facilitate","collaboration between the public and the","private sector for certain investments,","especially infrastructure projects; notes","that there is a strong need for a high level","of expertise to allow the proper selection,","evaluation, design, long-term planning","and funding arrangements of such","projects;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"64","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-65","location":[["Motion for a resolution","Paragraph 12"]],"meps":[96950,23413],"meta":{"created":"2019-07-03T05:16:07"},"new":["12. Believes that long-term public","investors (national, regional or multilateral","development banks and public financial","institutions) are strong tools to stimulate","private investments and catalyse long-term","financing for undertakings of broader","public interest and to support access of","SMEs to capital markets;"],"old":["12. Believes that national or multilateral","development banks can stimulate private","investments and catalyse long-term","financing for undertakings of broader","public interest;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"65","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Pablo Zalba Bidegain","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-66","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[96763],"meta":{"created":"2019-07-03T05:16:07"},"new":["12. Believes that national or multilateral","development banks can stimulate private","investments and catalyse long-term","financing for undertakings of broader","public interest;","takes the view that these institutions can","play an even more important role in","providing funding for SMEs;"],"old":["12. Believes that national or multilateral","development banks can stimulate private","investments and catalyse long-term","financing for undertakings of broader","public interest;"],"orig_lang":"es","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"66","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-67","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:07"},"new":["12. Believes that national or multilateral","development banks can stimulate private","investments and catalyse long-term","financing for undertakings of broader","public interest; underlines the importance","of accountability, transparency and","democratic ownership of desirable long-","term investment aims and facilitation","mechanisms;"],"old":["12. Believes that national or multilateral","development banks can stimulate private","investments and catalyse long-term","financing for undertakings of broader","public interest;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"67","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-68","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:07"},"new":["12. Believes that national or multilateral","development banks can stimulate private","investments and catalyse long-term","financing for undertakings of broader","public interest to support strategically","important investments and pursue counter","cyclical financial policies;"],"old":["12. Believes that national or multilateral","development banks can stimulate private","investments and catalyse long-term","financing for undertakings of broader","public interest;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"68","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Wolf Klinz","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-69","location":[["Motion for a resolution","Paragraph 12"]],"meps":[28244],"meta":{"created":"2019-07-03T05:16:07"},"new":["12. Believes that national or multilateral","development banks can stimulate private","investments and catalyse long-term","financing for undertakings of broader","public interest; namely those which would","add value to public policy objectives","related to economic growth, social","cohesion and environmental protection;"],"old":["12. Believes that national or multilateral","development banks can stimulate private","investments and catalyse long-term","financing for undertakings of broader","public interest;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"69","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-70","location":[["Motion for a resolution","Paragraph 12 a (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:07"},"new":["12a. Calls on the Commission to explore","way to accommodate state aid rules in","order to promote the activities of long-","term public investors;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"70","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-71","location":[[" Motion for a resolution","Paragraph 12 a (new)"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:07"},"new":["12a. Calls on the Commission in a follow-","up paper to explore and develop a","harmonized approach for long-term","valuation of projects of general interest","supported with public resources at the EU","and National levels;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"71","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-72","location":[[" Motion for a resolution","Paragraph 12 b (new)"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:08"},"new":["12b. Calls on the EIB and national","development banks to divest from fossil","fuels;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"72","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-73","location":[[" Motion for a resolution","Paragraph 13"]],"meps":[96950,23413],"meta":{"created":"2019-07-03T05:16:08"},"new":["13. Calls on the Member States to create","appropriate networks for cooperation and","information exchange, and to set up","national or regional long-term public","investors which can learn from the best","practice of already established institutions;","highlights in this regard that such","national or regional development banks,","which are often structured along","cooperative lines, have during the current","crisis, continued offering reliable funding","to regional and local economies; calls on","the Commission and the Member States to","strengthen their support to the financial","institutions of these type;"],"old":["13. Calls on the Member States to create","","","appropriate networks for cooperation and","information exchange, and to set up","national or regional development banks","which can learn from the best practice of","already established institutions;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"73","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-74","location":[["Motion for a resolution","Paragraph 13"]],"meps":[23413],"meta":{"created":"2019-07-03T05:16:08"},"new":["13. Calls on the Member States to create","appropriate networks for cooperation and","information exchange, and to set up","national or regional development banks","which can learn from the best practice of","already established institutions; highlights","in this regard that such national or","regional development banks, which are","often structured along cooperative lines,","have during the current crisis, continued","offering reliable funding to regional and","local economies; calls on the Commission","and the Member States to strengthen their","support to the financial institutions of","these type;"],"old":["13. Calls on the Member States to create","appropriate networks for cooperation and","information exchange, and to set up","national or regional development banks","which can learn from the best practice of","already established institutions;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"74","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-75","location":[[" Motion for a resolution","Paragraph 13 a (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:08"},"new":["13a. Believes that long term investment at","local and regional level can also be","supported by complementing policy tools","and framework with efforts to cut red","tape, develop online communication and","streamline the decision making process;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"75","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc, Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-76","location":[[" Motion for a resolution","Paragraph 14"]],"meps":[96950,23413],"meta":{"created":"2019-07-03T05:16:08"},"new":["14. Calls on the Commission to explore","ways to support Member States requiring","financial and technical assistance to set up","their long-term national and regional","public investors, and to study the","possibility of an EU guarantee mechanism","for long-term national public investors;"],"old":["14. Calls on the Commission to explore","ways to support Member States requiring","financial and technical assistance to set up","their national development banks, and to","study the possibility of an EU guarantee","mechanism for national development","banks;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"76","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-77","location":[[" Motion for a resolution","Paragraph 14 a (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:08"},"new":["14a. Believes also that public-private","partnerships (PPPs) are to be considered","as one of the complementary ways of","funding capital intensive long term","infrastructure projects;"],"old":[""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"77","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-78","location":[["Motion for a resolution","Paragraph 14 a (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:08"},"new":["14a. Calls on the Commission to set up a","\"coordination platform\" in order to","coordinate the activities of national","development banks. It could be made","through a pilot project financed by the EU","budget;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"78","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-79","location":[["Motion for a resolution","Paragraph 14 b (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:08"},"new":["14b. Calls on the Commission and","Member States to explore the potential for","aggregation and pooling techniques and","thereby improve the prospects for smaller-","scale social and other infrastructure","projects to ensure the necessary","investment;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"79","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-80","location":[[" Motion for a resolution","Paragraph 14 c (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:08"},"new":["14c. Calls on the Commission to enable a","means to standardise infrastructure","project data and to make it available via a","central data warehouse;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"80","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-81","location":[[" Motion for a resolution","Paragraph 14 d (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:08"},"new":["14d. Notes the rapid growth of crowd","funding and believes it may bring new","opportunities; stresses however that","investor protection and transparency must","be respected;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"81","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-82","location":[[" Motion for a resolution","Paragraph 15"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:08"},"new":["15. Believes that institutional investors \u2013","insurance companies, pension funds,","mutual funds and endowments \u2013 are","suitable providers of long-term financing,","given the longer time horizons of their","business models; underlines that","appropriate supervisory and prudential","requirements related to these institutional","investors need to be refined and calibrated","so as to promote long-term investments","for a smart, sustainable and inclusive real","economy;"],"old":["15. Believes that institutional investors \u2013","insurance companies, pension funds,","mutual funds and endowments \u2013 are","suitable providers of long-term financing,","given the longer time horizons of their","","business models;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"82","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Elena B\u0103sescu","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-83","location":[["Motion for a resolution","Paragraph 15"]],"meps":[96814],"meta":{"created":"2019-07-03T05:16:08"},"new":["15. Believes that institutional investors \u2013","insurance companies, pension funds,","mutual funds and endowments \u2013 are","suitable and reliable providers of long-","term financing, given the longer time","horizons of their business models;"],"old":["15. Believes that institutional investors \u2013","insurance companies, pension funds,","mutual funds and endowments \u2013 are","suitable providers of long-term financing,","given the longer time horizons of their","business models;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"83","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-84","location":[["Motion for a resolution","Paragraph 15"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:08"},"new":["15. Believes that institutional investors \u2013","insurance companies, pension funds,","family offices, mutual funds and","endowments \u2013 are suitable providers of","long-term financing, given the longer time","horizons of their business models;"],"old":["15. Believes that institutional investors \u2013","insurance companies, pension funds,","mutual funds and endowments \u2013 are","suitable providers of long-term financing,","given the longer time horizons of their","business models;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"84","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-85","location":[[" Motion for a resolution","Paragraph 16"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:09"},"new":["16. Stresses the need to improve access to","capital markets through new sources of","funding such as initial public offerings and","(covered) bonds or through new market","segments; supports the introduction of the","SRM Growth Markets classification in","Directive [MiFID]; calls on the","Commission to support their development","through the review of the Prospectus","Directive; also calls on the Commission to","consider a cross-directorate approach to","explore ways of enhancing public markets","for SMEs and how FSAP directives can","diversify the pool of investors;"],"old":["16. Stresses the need to improve access to","capital markets through new sources of","funding such as initial public offerings and","(covered) bonds or through new market","segments;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"85","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Joachim Zeller","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-86","location":[[" Motion for a resolution","Paragraph 16"]],"meps":[96762],"meta":{"created":"2019-07-03T05:16:09"},"new":["16. Stresses the need to improve access to","capital markets through new sources of","funding such as initial public offerings and","(covered) bonds or through new market","segments, but without crowding out the","provision of financing by local banks with","which firms have longstanding","relationships and decentralised regional","financial institutions, which have been a","reliable source of funding for local","economies, even during the crisis in the","financial markets;"],"old":["16. Stresses the need to improve access to","capital markets through new sources of","funding such as initial public offerings and","(covered) bonds or through new market","segments;",""],"orig_lang":"de","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"86","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-87","location":[["Motion for a resolution","Paragraph 16"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:09"},"new":["16. Stresses the need to improve access to","capital markets through new sources of","funding such as initial public offerings,","crowd funding, peer-to-peer lending and","(covered) bonds or through new market","segments;"],"old":["16. Stresses the need to improve access to","capital markets through new sources of","funding such as initial public offerings and","(covered) bonds or through new market","segments;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"87","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Gunnar H\u00f6kmark","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-88","location":[["Motion for a resolution","Paragraph 16 a (new)"]],"meps":[28124],"meta":{"created":"2019-07-03T05:16:09"},"new":["16a. Recommends that the EU takes pan-","European actions to develop the IPO","markets; in doing this, the EU should take","stock of and build upon successful","national initiatives;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"88","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-89","location":[["Motion for a resolution","Paragraph 16 a (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:09"},"new":["16a. Observes that mechanisms to","encourage retail investment could include","temporary withdrawals using liquidity","backup rather than capital back up from","investment banks as well as funds and","spread issue of short, medium and long-","term bonds;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"89","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-90","location":[[" Motion for a resolution","Paragraph 17"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:09"},"new":["17. Considers that securitisation could play","a residual role in financial intermediation;","encourages regulatory efforts to ensure the","high quality of securitised assets while","preventing the development of structures","of high complexity; calls in this respect for","the highest standards of transparency to","be applied; calls on the Commission to","follow closely the activities of the","International Organisation of Securities","Commissions-Financial Stability Board","working group on securitisation and to","develop a definition of \u2018high-quality","securitisation\u2019; reiterates its call for the","creation of a European credit rating","agency and/or a European credit rating","foundation;"],"old":["17. Believes that securitisation can play an","important role in financial intermediation;","encourages efforts to securitise high-","quality assets while avoiding structures of","high complexity; notes that there is scope","for more standardisation and","transparency; calls on the Commission to","follow closely the activities of the","International Organisation of Securities","Commissions-Financial Stability Board","working group on securitisation and to","develop a definition of \u2018high-quality","securitisation\u2019;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"90","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sa\u00efd El Khadraoui","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-91","location":[["Motion for a resolution","Paragraph 17"]],"meps":[25718],"meta":{"created":"2019-07-03T05:16:09"},"new":["17. Believes that securitisation can play an","important role in financial intermediation","provided there is more standardisation","and transparency on the underlying risks;","calls on the Commission and the ECB to","follow closely the activities of the","International Organisation of Securities","Commissions-Financial Stability Board","working group on securitisation and to","develop a definition of \u2018high-quality","securitisation and standardisation and","transparency requirements\u2019;"],"old":["17. Believes that securitisation can play an","important role in financial intermediation;","encourages efforts to securitise high-","quality assets while avoiding structures of","high complexity; notes that there is scope","for more standardisation and","transparency; calls on the Commission to","follow closely the activities of the","International Organisation of Securities","Commissions-Financial Stability Board","working group on securitisation and to","develop a definition of \u2018high-quality","securitisation\u2019;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"91","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-92","location":[["Motion for a resolution","Paragraph 17"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:09"},"new":["17. Believes that securitisation can play an","important role in financial intermediation","of both long-term and short-term assets","and can be particularly beneficial for","small and medium-sized borrowers;","encourages efforts to securitise high-","quality assets while avoiding structures of","high complexity; notes that there is scope","for more standardisation and transparency;","calls on the Commission to follow closely","the activities of the International","Organisation of Securities Commissions-","Financial Stability Board working group on","securitisation and to develop a definition of","\u2018high-quality securitisation\u2019; encourages","an early review of current securitisation","regulation in order to assess whether this","has achieved an appropriate balance","between increased transparency without","overloading bureaucracy; warns the","European Banking Authority in this","regard to carefully assess the impact of","increasing information requirements;"],"old":["17. Believes that securitisation can play an","important role in financial intermediation;","encourages efforts to securitise high-","quality assets while avoiding structures of","high complexity; notes that there is scope","for more standardisation and transparency;","calls on the Commission to follow closely","the activities of the International","Organisation of Securities Commissions-","Financial Stability Board working group on","securitisation and to develop a definition of","\u2018high-quality securitisation\u2019;",""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"92","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-93","location":[[" Motion for a resolution","Paragraph 17"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:09"},"new":["17. Believes that securitisation can play an","important role in financial intermediation;","encourages efforts to securitise high-","quality assets while avoiding structures of","high complexity; notes that there is scope","for more standardisation and transparency;","calls on the Commission to follow closely","the activities of the International","Organisation of Securities Commissions-","Financial Stability Board working group on","securitisation and to develop an overall","framework and definition of \u2018high-quality","securitisation\u2019; deems that a an enhanced","EU regulatory framework would be","required for promoting high quality","securitisation oriented towards productive","and sustainable sectors of the real","economy; underlines in particular that","mechanism such as special licencing for","securitisation providers would enhance","sector specific supervision and favour","financial stability;"],"old":["17. Believes that securitisation can play an","important role in financial intermediation;","encourages efforts to securitise high-","quality assets while avoiding structures of","high complexity; notes that there is scope","for more standardisation and transparency;","calls on the Commission to follow closely","the activities of the International","Organisation of Securities Commissions-","Financial Stability Board working group on","securitisation and to develop a definition of","\u2018high-quality securitisation\u2019;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"93","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-94","location":[["Motion for a resolution","Paragraph 17"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:09"},"new":["17. Believes that securitisation can play an","important role in financial intermediation;","encourages efforts to securitise high-","quality assets while avoiding structures of","high complexity or more than three","tranches; notes that there is scope for more","standardisation and transparency; calls on","the Commission to follow closely the","activities of the International Organisation","of Securities Commissions-Financial","Stability Board working group on","securitisation and to develop a definition of","\u2018high-quality securitisation\u2019;"],"old":["17. Believes that securitisation can play an","important role in financial intermediation;","encourages efforts to securitise high-","quality assets while avoiding structures of","high complexity; notes that there is scope","for more standardisation and transparency;","calls on the Commission to follow closely","the activities of the International","Organisation of Securities Commissions-","Financial Stability Board working group on","securitisation and to develop a definition of","\u2018high-quality securitisation\u2019;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"94","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-95","location":[["Motion for a resolution","Paragraph 17 a (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:09"},"new":["17a. Notes that securitization was one of","the contributing factors for the crisis,","since long-term responsibility for risk was","diffused along the securitization chain.","Therefore, calls on the Commission to","continuing to strengthen the banking","system, including cooperative and public","savings banks, and the ability of banks to","access long-term refinancing to cover","their long-term investments;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"95","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-96","location":[[" Motion for a resolution","Paragraph 17 a (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:09"},"new":["17a. Notes the lack of a consistent","approach to establishing a concept of","'high quality securitisation' in European","bank capital and liquidity standards,","insurance solvency requirements and","eligible fund assets for Money Market","Funds; recognises that an inconsistent","approach in Europe and internationally","may hinder the creation of a high quality","securitisation funding channel which can","bridge bank and capital market funding to","European SMEs and households; notes","the EIB-Commission initiative for","funding SMEs relies on the existence of","such a funding channel and its success","will depend on a functioning 'high quality","securitisation' market and investor","confidence; calls on the Commission and","Member States to show leadership by","establishing working groups to develop an","approach to \"high quality securitisation\",","and to actively participate at a global level","in the relevant IOSCO-BCBS working","group;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"96","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-97","location":[[" Motion for a resolution","Paragraph 18"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:09"},"new":["18. Welcomes the European Investment","Fund\u2019s credit enhancement operations and","the Competitiveness and Innovation","Framework Programme to generate","additional financing for SMEs; however","more should be done to make easier the","access to the market loans for SME;"],"old":["18. Welcomes the European Investment","Fund\u2019s credit enhancement operations and","the Competitiveness and Innovation","","Framework Programme to generate","additional financing for SMEs;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"97","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Andreas M\u00f6lzer","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-98","location":[["Motion for a resolution","Paragraph 18"]],"meps":[28255],"meta":{"created":"2019-07-03T05:16:09"},"new":["18. Welcomes the European Investment","Fund\u2019s credit enhancement operations and","the Competitiveness and Innovation","Framework Programme to generate","additional financing for SMEs; notes, in","this context, that at present insufficient","financing is available for SMEs;"],"old":["18. Welcomes the European Investment","Fund\u2019s credit enhancement operations and","the Competitiveness and Innovation","Framework Programme to generate","additional financing for SMEs;"],"orig_lang":"de","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"98","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-99","location":[["Motion for a resolution","Paragraph 18 a (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:10"},"new":["18a. Recommends that the EIB set up a","special branch for SME funding with","tailor-made loan conditions;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"99","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-100","location":[[" Motion for a resolution","Paragraph 18 a (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:10"},"new":["18a. Welcomes the agreement of the","COSME and Horizon 2020 programmes","and calls on the Commission to ensure","that they are implemented in such a way","that they will leverage additional private","sector investment, for example via a","public-private fund of funds;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"100","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-101","location":[[" Motion for a resolution","Paragraph 19"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:10"},"new":["19. Notes the Commission\u2019s call for the","use of private equity or venture capital as","an alternative source of finance for high-","risk investments, in particular vis-\u00e0-vis","companies in the start-up and growth","phases; notes that there is currently a","strong tax bias favouring debt financing;","believes that venture capital firms can","provide valuable non-financial support","including consultancy services, financial","advice, marketing strategy and training;","therefore calls on the Commission to","conduct a thorough impact assessment;"],"old":["19. Welcomes the Commission\u2019s call for","the use of private equity or venture capital","as an alternative source of finance for high-","risk investments, in particular vis-\u00e0-vis","companies in the start-up and growth","phases; notes that there is currently a","strong tax bias favouring debt financing;","believes that venture capital firms can","provide valuable non-financial support","including consultancy services, financial","advice, marketing strategy and training;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"101","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-102","location":[["Motion for a resolution","Paragraph 19"]],"meps":[97137],"meta":{"created":"2019-07-03T05:16:10"},"new":["19. Points out that the Commission\u2019s call","for the use of private equity or venture","capital as an alternative source of finance","for high-risk investments should be further","assessed, in particular vis-\u00e0-vis companies","in the start-up and growth phases; notes","that there is currently a strong tax bias","favouring debt financing; believes that","venture capital firms can provide valuable","non-financial support including","consultancy services, financial advice,","marketing strategy and training;"],"old":["19. Welcomes the Commission\u2019s call for","the use of private equity or venture capital","as an alternative source of finance for high-","risk investments, in particular vis-\u00e0-vis","companies in the start-up and growth","phases; notes that there is currently a","strong tax bias favouring debt financing;","believes that venture capital firms can","provide valuable non-financial support","including consultancy services, financial","advice, marketing strategy and training;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"102","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-103","location":[["Motion for a resolution","Paragraph 19"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:10"},"new":["19. Welcomes the Commission\u2019s call for","the use of private equity or venture capital","as an alternative source of finance, in","particular vis-\u00e0-vis companies in the start-","up and growth phases; notes that there is","currently a strong tax bias favouring debt","financing; believes that private equity and","venture capital firms can provide valuable","non-financial support including","consultancy services, financial advice,","marketing strategy and training;"],"old":["19. Welcomes the Commission\u2019s call for","the use of private equity or venture capital","as an alternative source of finance for","high-risk investments, in particular vis-\u00e0-","vis companies in the start-up and growth","phases; notes that there is currently a","strong tax bias favouring debt financing;","believes that venture capital firms can","provide valuable non-financial support","including consultancy services, financial","advice, marketing strategy and training;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"103","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-104","location":[[" Motion for a resolution","Paragraph 19 a (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:10"},"new":["19a. Calls on the Commission to further","encourage investment in the social","enterprise sector by strengthening the","European Social Entrepreneurship Funds","excluding all funds which come from tax","havens;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"104","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Pablo Zalba Bidegain","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-105","location":[[" Motion for a resolution","Paragraph 19 a (new)"]],"meps":[96763],"meta":{"created":"2019-07-03T05:16:10"},"new":["19a. Takes the view that the banking","union can play a vital role in reducing the","fragmentation of the financial markets","and establishing the basis for the long-","term funding of the European economy;"],"orig_lang":"es","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"105","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-106","location":[[" Motion for a resolution","Paragraph 19 a (new)"]],"meps":[97137],"meta":{"created":"2019-07-03T05:16:10"},"new":["19a. Calls on the Commission to work on","eliminating all bias against equity in the","various national, European and global","economies;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"106","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-107","location":[["Motion for a resolution","Paragraph 20"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:10"},"new":["20. Emphasises that an investor-friendly","business climate with a strong drive for","technological progress is a prerequisite for","making the EU an attractive destination for","foreign direct investment; stresses the need","to encourage the free movement of capital","both within the EU and between the EU","and third countries, so that Europe can","access global pools of capital; in this","regard notes in particular the importance","of ensuring that the AIFM Directive is","implemented in such a way that foreign","investment in Europe is encouraged;"],"old":["20. Emphasises that an investor-friendly","business climate with a strong drive for","technological progress is a prerequisite for","making the EU an attractive destination for","foreign direct investment;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"107","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-108","location":[["Motion for a resolution","Paragraph 20"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:10"},"new":["20. Emphasises that public investment","together with an investor-friendly business","climate with a strong drive for","technological progress is a prerequisite for","making the EU an attractive destination for","foreign direct investment;"],"old":["20. Emphasises that an investor-friendly","business climate with a strong drive for","technological progress is a prerequisite for","making the EU an attractive destination for","foreign direct investment;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"108","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Anne E. Jensen","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-109","location":[[" Motion for a resolution","Paragraph 20 \u2013 point a (new)"]],"meps":[4440],"meta":{"created":"2019-07-03T05:16:10"},"new":["20a. Encourages the European","Commission to study the examples of","recent initiatives such as that in Denmark","or Sweden which has been aimed at","identifying the obstacles to initial public","offerings and possible solutions that can","be supported by a broad range of","stakeholders and include both policy and","non-policy actions;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"109","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Kri\u0161j\u0101nis Kari\u0126\u0161","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-110","location":[[" Motion for a resolution","Paragraph 20 a (new)"]],"meps":[96901],"meta":{"created":"2019-07-03T05:16:10"},"new":["20a. Reminds that it is important for the","investors to have a choice between many","attractive investment products to diversify","their investment;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"110","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-111","location":[[" Motion for a resolution","Paragraph 20 a (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:10"},"new":["20a. Stresses the need to eliminate","excessive short-termism in investor","behaviour and move towards a","responsible investment culture conducive","to long-term investment in Europe;"],"old":[""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"111","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-112","location":[["Motion for a resolution","Paragraph 20 b (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:11"},"new":["20b. Stresses the need to foster a shared","understanding that financial stability and","growth are not mutually exclusive but","rather interdependent and form an","important basis on which to ensure and","enhance investor confidence on a long-","term basis;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"112","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-113","location":[["Motion for a resolution","Paragraph 20 c (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:11"},"new":["20c. Underlines the importance of","financial education and investor","understanding in the establishment of a","culture of long-term investment in Europe","and highlights the role EU regulation can","play in this regard;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"113","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-114","location":[[" Motion for a resolution","Paragraph 21 a (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:11"},"new":["21a. Calls on the Commission to come","forward with a proposal which aims at","separating investment banking from","commercial banking and a controlled","reduction of balance sheets of the largest","financial institutions to the benefit of","their loan portfolios;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"114","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Wolf Klinz, Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-115","location":[[" Motion for a resolution","Paragraph 21 a (new)"]],"meps":[28244,97197],"meta":{"created":"2019-07-03T05:16:11"},"new":["21a. Calls on the Commission services to","reduce unnecessary administrative and","regulatory burden, especially for SMEs","and entrepreneurs, as mentioned in the","Small Business Act and in the","Competitiveness of enterprises and SMEs","(COSME) regulation;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"115","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-116","location":[[" Motion for a resolution","Paragraph 21 b (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:11"},"new":["21b. Calls for the implementation of","incentives to enhance long-term","shareholding, such as additional voting","rights in management boards, additional","shares or higher dividends;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"116","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-117","location":[["Motion for a resolution","Paragraph 21 c (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:11"},"new":["21c. Calls for the creation of standard","rules in terms of responsible investments","in the EU and the implementation of a","European label for good practices","regarding corporate social and","environmental responsibility."],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"117","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-118","location":[["Motion for a resolution","Paragraph 22"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:11"},"new":["22. Believes that the cumulative impact of","individual pieces of legislation and the","overlaps between different regulatory","initiatives puts additional burdens on","investors; calls therefore on the","Commission to assess carefully the","cumulative impact of already concluded","and ongoing financial regulation of long-","term investment; stresses the need for this","assessment to be accompanied where","appropriate by targeted, fast-track reviews","or repeals of specific elements of","regulations which have resulted in","adverse or unintended consequences for","investment and the real economy;"],"old":["22. Calls on the Commission to assess","carefully the cumulative impact of already","concluded and ongoing financial regulation","of long-term investment;",""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"118","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-119","location":[[" Motion for a resolution","Paragraph 22 a (new)"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:11"},"new":["22a. Believes that a European financial","transaction tax will put an additional","burden on investors, especially due to","double taxation if the tax is levied on the","final sale of long-term fund addition to","underlying investments; believes therefore","that no financial transaction tax should","be applied to long-term investments;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"119","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-120","location":[[" Motion for a resolution","Paragraph 22 a (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:11"},"new":["22a. Welcomes developments in the on-","going negotiations on the Transatlantic","Trade and Investment Partnership; notes","the importance of these negotiations in","strengthening policies and measures to","increase US-EU investment in support of","job creation, sustainable economic growth","and international competitiveness;"],"old":[""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"120","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-121","location":[["Motion for a resolution","Paragraph 24"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:11"},"new":["24. Fully supports the Commission's call","to the European Insurance and","Occupational Pensions Authority to","examine the potential calibration of certain","capital requirement provisions under the","Solvency II regime to avoid possible","obstacles to long-term financing; calls for","further modification to the current","legislation in that respect;"],"old":["24. Welcomes the fact that the","Commission has asked the European","Insurance and Occupational Pensions","Authority to examine the potential","calibration of certain capital requirement","provisions under the Solvency II regime to","avoid possible obstacles to long-term","financing;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"121","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-122","location":[["Motion for a resolution","Paragraph 24"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:11"},"new":["24. Welcomes the fact that the Commission","has asked the European Insurance and","Occupational Pensions Authority to","examine the potential calibration of certain","capital requirement provisions under the","Solvency II regime to avoid possible","obstacles to long-term financing; calls on","the Commission to consult fully on the","proposed calibrations before they are","finalised;"],"old":["24. Welcomes the fact that the Commission","has asked the European Insurance and","Occupational Pensions Authority to","examine the potential calibration of certain","capital requirement provisions under the","Solvency II regime to avoid possible","obstacles to long-term financing;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"122","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-123","location":[[" Motion for a resolution","Paragraph 24"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:11"},"new":["24. Notes the fact that the Commission has","asked the European Insurance and","Occupational Pensions Authority to","examine the potential calibration of certain","capital requirement provisions under the","Solvency II regime to avoid possible","obstacles to long-term financing;"],"old":["24. Welcomes the fact that the Commission","has asked the European Insurance and","Occupational Pensions Authority to","examine the potential calibration of certain","capital requirement provisions under the","Solvency II regime to avoid possible","obstacles to long-term financing;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"123","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-124","location":[[" Motion for a resolution","Paragraph 25"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:11"},"new":["deleted"],"old":["25. Reiterates its call, in the proposal for a","regulation on prudential requirements for","credit institutions and investment firms,","for exposures fully and completely","secured by mortgages on critical","infrastructure projects in the fields of","transport, energy and communication to","be assigned an appropriate risk weight;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"124","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-125","location":[[" Motion for a resolution","Paragraph 25"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:12"},"new":["25. Reiterates its call, in the proposal for a","regulation on prudential requirements for","credit institutions and investment firms, for","exposures fully and completely secured by","mortgages on critical infrastructure","projects in the fields of transport, energy","and communication to be assigned an","appropriate risk weight; further legislation","should take into account the requirements","of long-term investors, evaluate the risk of","financial assets by including the nature","and duration of liabilities and recognize","the positive effect of a stable liabilities;"],"old":["25. Reiterates its call, in the proposal for a","regulation on prudential requirements for","credit institutions and investment firms, for","exposures fully and completely secured by","mortgages on critical infrastructure","projects in the fields of transport, energy","and communication to be assigned an","appropriate risk weight;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"125","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-126","location":[["Motion for a resolution","Paragraph 25"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:12"},"new":["25. Reiterates its call, in the proposal for a","regulation on prudential requirements for","credit institutions and investment firms, for","senior secured exposures to critical","infrastructure projects in the European","Union in the fields of transport, energy","and communication to be assigned a lower","risk weight;"],"old":["25. Reiterates its call, in the proposal for a","regulation on prudential requirements for","credit institutions and investment firms, for","exposures fully and completely secured by","mortgages on critical infrastructure","projects in the fields of transport, energy","and communication to be assigned an","appropriate risk weight;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"126","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Wolf Klinz, Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-127","location":[["Motion for a resolution","Paragraph 25 a (new)"]],"meps":[28244,97197],"meta":{"created":"2019-07-03T05:16:12"},"new":["25a. Encourages the Commission to seek","enhanced international cooperation and","convergence in the area of long-term","investment by pursuing a global dialogue","on both G20 and Financial Stability","Board (FSB) level;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"127","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Burkhard Balz","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-128","location":[[" Motion for a resolution","Paragraph 25 a (new)"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:12"},"new":["25a. Believes that investments in long-","term assets require a thorough knowledge","and assessment of the long-term risks","attached to them; therefore underlines","that investors need to establish a strong","expertise and good risk management to","safeguard long-term engagements;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"128","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-129","location":[[" Motion for a resolution","Paragraph 25 a (new)"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:12"},"new":["25a. Underlines that as a matter of","consistency with the EU climate and","energy objectives there is a need for","establishing an EU legal framework for","taking explicit account of systemic risks","related to 'unburnable' fossil fuel related","assets; points out that such a framework","should include regulatory measures such","as carbon stress tests, the establishment of","a sustainable investment label, a","mandatory assessment of contribution of","financial products to the transition to a","climate friendly and resources efficient","economy and the overall inclusion and","assessment of climate risks to the","prudential framework;"],"old":[""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"129","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vicky Ford, Syed Kamall","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-130","location":[["Motion for a resolution","Paragraph 26"]],"meps":[96949,33569],"meta":{"created":"2019-07-03T05:16:12"},"new":["26. Believes that sound fair value","accounting principles for institutional","investors can enhance the transparency and","consistency of financial information;","stresses that those principles should avoid","creating incentives for pro-cyclical","strategies; notes the on-going debate in","the EU and elsewhere, including Japan,","around the use of fair value accounting,","particularly mark-to-market and mark-to-","model, and its role in exacerbating market","instability as a consequence of its","inherent pro-cyclicality; urges the","International Accounting Standards","Board and other relevant stakeholders to","complete its project updating IAS 39 on","loan-loss provisioning, but also questions","whether current exposure drafts tackle the","deeper problems associated with the","'capital markets' approach to accounting;","urges the International Accounting","Standards Board to recognise the central","importance of prudence in the revision of","its Conceptual Framework; notes ESMA's","recent conclusions that EU bank accounts","completed in accordance with IFRS are","opaque and not comparable, in spite of","these being two core reasons for shifting","from national GAAPs to IFRS to enhance","the Single Market; calls on the","Commission to thoroughly investigate the","role international financial reporting","standards have had and continue to have","not only on the transparency and","comparability of banks' balance sheets,","but also on their impact on management","behaviour and corporate governance in","banks and other financial institutions;"],"old":["26. Believes that sound fair value","accounting principles for institutional","investors can enhance the transparency and","consistency of financial information;","stresses that those principles should avoid","creating incentives for pro-cyclical","strategies;",""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"130","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-131","location":[[" Motion for a resolution","Paragraph 26"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:12"},"new":["26. Believes that the accounting principles","applicable to institutional investors should","systematically reflect the economic","approach employed by long-term","investors, in order to take full account of","the nature of that activity and to rule out","unwarranted pro-cyclical effects;"],"old":["26. Believes that sound fair value","accounting principles for institutional","investors can enhance the transparency","and consistency of financial information;","stresses that those principles should avoid","creating incentives for pro-cyclical","strategies;"],"orig_lang":"fr","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"131","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Mojca Kleva Keku\u0161","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-132","location":[[" Motion for a resolution","Paragraph 26"]],"meps":[23413],"meta":{"created":"2019-07-03T05:16:12"},"new":["26. Believes that sound fair value","accounting principles for institutional","investors can enhance the transparency and","consistency of financial information;","stresses that those principles should avoid","creating incentives for pro-cyclical","strategies; believes that disclosure of clear","and standardized non-financial","information of large companies can","increase transparency and foster more","investor-friendly climate;"],"old":["26. Believes that sound fair value","accounting principles for institutional","","investors can enhance the transparency and","consistency of financial information;","stresses that those principles should avoid","creating incentives for pro-cyclical","strategies;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"132","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-133","location":[["Motion for a resolution","Paragraph 26"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:12"},"new":["26. Believes that sound fair value","accounting principles for institutional","investors can enhance the transparency and","consistency of financial information;","stresses that those principles should avoid","creating incentives for pro-cyclical","strategies; calls in particular on the","adaptation of accounting standards so as","to take proper account of the need to","streamline the economy towards the","transition to a climate friendly economy;"],"old":["26. Believes that sound fair value","accounting principles for institutional","investors can enhance the transparency and","consistency of financial information;","stresses that those principles should avoid","creating incentives for pro-cyclical","strategies;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"133","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sylvie Goulard","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-134","location":[["Motion for a resolution","Paragraph 26"]],"meps":[97137],"meta":{"created":"2019-07-03T05:16:12"},"new":["26. Believes that sound fair value","accounting principles for institutional","investors can enhance the transparency and","consistency of financial information;","stresses that however the implementation","of theses accounting principles shall not","result in creating incentives for pro-","cyclical strategies;"],"old":["26. Believes that sound fair value","accounting principles for institutional","","investors can enhance the transparency and","consistency of financial information;","stresses that those principles should avoid","creating incentives for pro-cyclical","strategies;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"134","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Burkhard Balz","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-135","location":[[" Motion for a resolution","Paragraph 26"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:12"},"new":["26. Believes that sound accounting","principles for institutional investors can","enhance the transparency and consistency","of financial information; stresses that those","principles should avoid creating incentives","for pro-cyclical strategies;"],"old":["26. Believes that sound fair value","accounting principles for institutional","investors can enhance the transparency and","consistency of financial information;","stresses that those principles should avoid","creating incentives for pro-cyclical","strategies;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"135","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Jean-Pierre Audy","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-136","location":[[" Motion for a resolution","Paragraph 26"]],"meps":[33775],"meta":{"created":"2019-07-03T05:16:12"},"new":["26. Believes that sound accounting","principles for institutional investors can","enhance the transparency and consistency","of financial information; stresses that those","principles should avoid creating incentives","for pro-cyclical strategies;"],"old":["26. Believes that sound fair value","accounting principles for institutional","investors can enhance the transparency and","consistency of financial information;","stresses that those principles should avoid","creating incentives for pro-cyclical","strategies;"],"orig_lang":"fr","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"136","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Wolf Klinz, Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-137","location":[["Motion for a resolution","Paragraph 26 a (new)"]],"meps":[28244,97197],"meta":{"created":"2019-07-03T05:16:12"},"new":["26a. Encourages the Commission to","closely follow the G20's work on","proposals to create a multilateral","investment framework that sets minimum","standards and modifies certain long-term","investment regulations and fair value","accounting rules in order to address","short-term fluctuations and volatility and","to consequently foster cross-border","investments;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"137","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-138","location":[["Motion for a resolution","Paragraph 26 a (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:12"},"new":["26a. Believes that, alongside fair value","and depreciated cost portfolios, a third","type of accounting portfolio should be","created covering long-term financial","investments, which would thus enjoy","specially tailored accounting treatment;","takes the view, in particular, that the","IFRS 9 standard should provide for","specific accounting treatment for long-","term shareholdings, in keeping with the","principle of assessing investments on the","basis of their utility value, rather than","systematically on the basis of their market","value;"],"orig_lang":"fr","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"138","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Burkhard Balz","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-139","location":[[" Motion for a resolution","Paragraph 26 a (new)"]],"meps":[96997],"meta":{"created":"2019-07-03T05:16:12"},"new":["26a. Underlines that a European","framework on long-term financing has to","take into account the specificities of small","and medium-sized market participants","and that regulatory requirements have to","respect the principle of proportionality;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"139","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Wolf Klinz, Vicky Ford, Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-140","location":[[" Motion for a resolution","Paragraph 26 b (new)"]],"meps":[28244,96949,97197],"meta":{"created":"2019-07-03T05:16:13"},"new":["26b. Calls on Member States to develop","and publish their own national","infrastructure plans in order to provide","investors and other stakeholders with","detailed information and to allow for","more certainty about future projects;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"140","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-141","location":[[" Motion for a resolution","Paragraph 27"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:13"},"new":["27. Believes that there is a strong need for","a stable tax environment which prevents","impediments to long-term investments;","notes that certain tax incentives and","concessions can be key in fostering","investment; stresses that the internal","market requires stronger coordination of","national tax policies in order to facilitate","cross-border investment and avoid double","taxation or double non-taxation; reduce","aggressive tax planning and harmful tax","competition and a EU common","consolidated tax basis; encourages the","Member States to assess the possibility of","granting tax-free yields on sustainable","infrastructure projects linked to the","transition towards a climate friendly","economy;"],"old":["27. Believes that there is a strong need for","a stable tax environment which prevents","impediments to long-term investments;","notes that certain tax incentives and","concessions can be key in fostering","investment; stresses that the internal","market requires stronger coordination of","national tax policies in order to facilitate","cross-border investment and avoid double","taxation; encourages the Member States to","assess the possibility of granting tax-free","yields on infrastructure projects;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"141","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-142","location":[["Motion for a resolution","Paragraph 27"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:13"},"new":["27. Believes that there is a strong need for","a predictable tax environment which","prevents impediments to long-term","investments; notes that certain tax","incentives and concessions can be key in","fostering investment; stresses that the","internal market requires stronger","coordination and harmonisation of","national tax policies in order to facilitate","cross-border investment and avoid double","taxation as well as double non-taxation;","encourages the Member States to assess the","possibility of granting tax-free yields on","infrastructure projects;"],"old":["27. Believes that there is a strong need for","a stable tax environment which prevents","impediments to long-term investments;","notes that certain tax incentives and","concessions can be key in fostering","investment; stresses that the internal","market requires stronger coordination of","national tax policies in order to facilitate","cross-border investment and avoid double","taxation; encourages the Member States to","assess the possibility of granting tax-free","yields on infrastructure projects;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"142","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Vicky Ford","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-143","location":[[" Motion for a resolution","Paragraph 27"]],"meps":[96949],"meta":{"created":"2019-07-03T05:16:13"},"new":["27. Believes that there is a strong need for","a stable tax environment which prevents","impediments to long-term investments;","notes that certain tax incentives and","concessions can be key in fostering","investment; encourages the sharing of","best practices of national tax policies and","transparency in order to facilitate cross-","border investment and avoid double","taxation; encourages the Member States to","assess the possibility of granting tax-free","yields on infrastructure projects;"],"old":["27. Believes that there is a strong need for","a stable tax environment which prevents","impediments to long-term investments;","notes that certain tax incentives and","concessions can be key in fostering","investment; stresses that the internal","market requires stronger coordination of","national tax policies in order to facilitate","cross-border investment and avoid double","taxation; encourages the Member States to","assess the possibility of granting tax-free","yields on infrastructure projects;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"143","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-144","location":[[" Motion for a resolution","Paragraph 27"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:13"},"new":["27. Believes that there is a strong need for","a stable tax environment which prevents","impediments to long-term investments;","notes that certain tax incentives and","concessions can be key in fostering","investment; stresses that the internal","market requires stronger coordination of","national tax policies in order to facilitate","cross-border investment and avoid double","taxation; encourages the Member States to","assess the possibility of granting tax-free","yields on infrastructure projects invites the","European Commission to study new ways","to promote long term investment through","tax incentives and concessions;"],"old":["27. Believes that there is a strong need for","a stable tax environment which prevents","impediments to long-term investments;","notes that certain tax incentives and","concessions can be key in fostering","investment; stresses that the internal","market requires stronger coordination of","national tax policies in order to facilitate","cross-border investment and avoid double","taxation; encourages the Member States to","assess the possibility of granting tax-free","","yields on infrastructure projects;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"144","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Andreas M\u00f6lzer","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-145","location":[["Motion for a resolution","Paragraph 27"]],"meps":[28255],"meta":{"created":"2019-07-03T05:16:13"},"new":["27. Believes that there is a strong need for","a stable tax environment which prevents","impediments to long-term investments;","notes that certain tax incentives and","concessions can be key in fostering","investment; stresses that the internal","market requires coordination of national","tax policies in order to facilitate cross-","border investment and avoid double","taxation; encourages the Member States to","assess the possibility of granting tax-free","yields on infrastructure projects;"],"old":["27. Believes that there is a strong need for","a stable tax environment which prevents","impediments to long-term investments;","notes that certain tax incentives and","concessions can be key in fostering","investment; stresses that the internal","market requires stronger coordination of","national tax policies in order to facilitate","cross-border investment and avoid double","taxation; encourages the Member States to","assess the possibility of granting tax-free","yields on infrastructure projects;"],"orig_lang":"de","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"145","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Ramon Tremosa i Balcells","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-146","location":[["Motion for a resolution","Paragraph 27 a (new)"]],"meps":[97203],"meta":{"created":"2019-07-03T05:16:13"},"new":["27a. Believes that a useful tool to","incentivize long term investments can be","the introduction of capital gains tax rates","in proportion to holding periods, using","several thresholds. Such a tool would be","very useful for investors to take longer","and more fundamental views of the","companies they invest in;"],"old":["",""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"146","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Liem Hoang Ngoc","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-147","location":[[" Motion for a resolution","Paragraph 27 a (new)"]],"meps":[96950],"meta":{"created":"2019-07-03T05:16:13"},"new":["27a. Believes that a stable, sector-specific","regulatory framework is essential for","concession-holders who operate major","items of transport infrastructure without","public funding, as this will enable them,","through the application of appropriate","charging rules, to obtain the financing","they need, recover their costs in the long","term and a secure a sufficient return on","their investment;"],"orig_lang":"fr","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"147","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-148","location":[[" Motion for a resolution","Paragraph 27 a (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:13"},"new":["27a. Believes that a coordinated","European approach for applying a lower","tax rate to certain long term investments","should be considered;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"148","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-149","location":[["Motion for a resolution","Paragraph 27 a (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:13"},"new":["27a. Highlights the need for efficient","cooperation between the EU institutions,","the Member states and local and regional","authorities in the establishment of a long-","term investment culture across Europe;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"149","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bas Eickhout","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-150","location":[["Motion for a resolution","Paragraph 27 a (new)"]],"meps":[96725],"meta":{"created":"2019-07-03T05:16:13"},"new":["27a. Calls on the Commission to assess","the impact of tax incentives used by","Member States on long-term finance and","the energy transition and to identify best","practices in differentiating between lower","capital costs for green investments and","higher capital costs for investments in","projects incompatible with the transition","to sustainable energy provision;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"150","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-151","location":[["Motion for a resolution","Paragraph 27 b (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:14"},"new":["27b. Takes the view that a minimum level","of tax harmonization is necessary in order","to grant a level playing field between","Member States in attracting foreign","capitals;"],"old":[""],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"151","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-152","location":[[" Motion for a resolution","Paragraph 27 b (new)"]],"meps":[33570],"meta":{"created":"2019-07-03T05:16:14"},"new":["27b. Believes that Member States in","collaboration with local and regional","authorities must revisit their budget","planning tools where direct investment","plays a major part with the aim of","ensuring optimum forward planning of","public infrastructure projects;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"152","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-153","location":[[" Motion for a resolution","Paragraph 27 c (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:14"},"new":["27c. Advise the Member States to consider","the possibility of granting tax exemption","in some R&D projects crucial for","economic growth;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"153","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-154","location":[["Motion for a resolution","Paragraph 27 d (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:14"},"new":["27d. Believes that an increased","coordination between Member States is","necessary to coordinate and simplify","corporate income taxation and to avoid","double taxation;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"154","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Alfredo Pallone","changes":{},"committee":["ECON"],"date":"2013-12-05T00:00:00","id":"PE523.019-155","location":[["Motion for a resolution","Paragraph 27 e (new)"]],"meps":[97197],"meta":{"created":"2019-07-03T05:16:14"},"new":["27e. Calls to the Commission to study","appropriate ways to facilitate","transnational long-term projects;"],"orig_lang":"en","peid":"PE523.019v01-00","reference":"2013/2175(INI)","seq":"155","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-523.019+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Phil Bennion","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-1","location":[["Draft opinion","Recital A"]],"meps":[112014],"meta":{"created":"2019-07-03T05:22:05"},"new":["A. whereas there is a general tendency in","financial markets towards short-term","behaviour as well as an accentuation of risk","aversion due to the financial crisis;","whereas long-term financing is a more","appropriate means of responding to the","social, environmental and demographic","challenges which Europe is facing;"],"old":["A. whereas there is a general tendency in","financial markets towards short-term","behaviour as well as an accentuation of risk","aversion due to the financial crisis;","whereas short-term financing in its current","forms, inter alia through bank credits or","investment funds, is not an appropriate","means of responding to the social,","environmental and demographic challenges","which Europe is facing;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"1","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Phil Bennion","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-2","location":[["Draft opinion","Recital B"]],"meps":[112014],"meta":{"created":"2019-07-03T05:22:05"},"new":["B. whereas taking a long-term perspective","by, for example, investing in asset classes","which require longer-term commitments","from investors can have benefits for","investors and for the economy more","widely, increase the stability of financial","markets, reduce costs for individual","undertakings, notably the cost of access to","finance, create employment opportunities","and combine a steady rate of return for","investors with a positive social impact;"],"old":["B. whereas taking a long-term perspective","and investing in asset classes which","require longer-term commitments from","investors can have benefits for investors","and for the economy more widely, increase","the stability of financial markets, reduce","costs for individual undertakings, create","employment opportunities and combine a","steady rate of return for investors with a","positive social impact;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"2","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-3","location":[[" Draft opinion","Recital B a (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:22:05"},"new":["Ba. whereas due to the financial crisis,","and the credit crunch that arose as a","consequence, SME's are facing the","highest cost of credit and a contraction of","its availability thereby threatening their","employment potential. Whereas according","to the Institute of International Finance","smaller businesses in the peripheral","countries are paying between 4 and 6","percentage points more for bank lending","than their counterparts in central Europe","reflecting the need for a common","European investment strategy to avoid","growing divergences in growth and job","creation among countries;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"3","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Traian Ungureanu","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-4","location":[[" Draft opinion","Recital B a (new)"]],"meps":[96835],"meta":{"created":"2019-07-03T05:22:06"},"new":["Ba. whereas increasing overall","unemployment and in particular","youth unemployment remain two","main sources hampering economic","and social conditions at EU level;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"4","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-5","location":[["Draft opinion","Recital B b (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:22:06"},"new":["Bb. whereas corporate bond, equity and","securitisation markets in Europe remain","relatively underdeveloped compared to","other economies, and non-bank financing","remains largely inaccessible to SMEs,","undermining their potential to grow and","create jobs;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"5","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Traian Ungureanu","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-6","location":[["Draft opinion","Recital B b (new)"]],"meps":[96835],"meta":{"created":"2019-07-03T05:22:06"},"new":["Bb. whereas, the economic and social","convergence of the Member States can be","obtained via a long-term financing","strategy, that should focus on non-","financial and financial opportunities for","SMEs, as they are the main source of","employment and employment growth;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"6","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sari Essayah","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-7","location":[["Draft opinion","Paragraph 1"]],"meps":[96682],"meta":{"created":"2019-07-03T05:22:06"},"new":["1. Emphasises that the long-term financing","of the European economy should serve the","public interest; highlights the fact that the","potential added value of long-term","financing for the public interest cannot","merely be measured in economic terms","and calls for objective indicators to","measure the achievement of public","interest;"],"old":["1. Emphasises that the long-term financing","of the European economy should serve the","public interest and be guided, among other","things, by objectives that promote social","cohesion, social justice and equal","treatment, rather than focus solely on","economic and financial parameters;","highlights, in this connection, the fact that","the potential added value of long-term","financing for the public interest cannot","merely be measured in economic terms;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"7","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Phil Bennion","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-8","location":[[" Draft opinion","Paragraph 1"]],"meps":[112014],"meta":{"created":"2019-07-03T05:22:06"},"new":["1. Emphasises that the long-term financing","of the European economy should also","serve the public interest and be guided,","among other things, by objectives that","promote social cohesion, social justice and","equal treatment; highlights that these","objectives constitute the potential added","value of long-term financing for the public","interest;"],"old":["1. Emphasises that the long-term financing","of the European economy should serve the","public interest and be guided, among other","things, by objectives that promote social","cohesion, social justice and equal","treatment, rather than focus solely on","economic and financial parameters;","highlights, in this connection, the fact that","the potential added value of long-term","financing for the public interest cannot","merely be measured in economic terms;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"8","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Traian Ungureanu","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-9","location":[[" Draft opinion","Paragraph 1"]],"meps":[96835],"meta":{"created":"2019-07-03T05:22:06"},"new":["1. Emphasises that the long-term financing","of the European economy should serve the","public interest and be guided, among other","things, by objectives that promote social","cohesion, social justice and equal","treatment, by focusing on and making","optimal use of economic and financial","resources; stresses that by striking the","right balance between Member State and","European policies, and by aiming to","enhance the investment climate, added","value of long-term financing for the public","interest could be obtained;"],"old":["1. Emphasises that the long-term financing","of the European economy should serve the","public interest and be guided, among other","things, by objectives that promote social","cohesion, social justice and equal","treatment, rather than focus solely on","economic and financial parameters;","highlights, in this connection, the fact","that the potential added value of long-term","financing for the public interest cannot","merely be measured in economic terms;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"9","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Emer Costello","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-10","location":[["Draft opinion","Paragraph 1"]],"meps":[112071],"meta":{"created":"2019-07-03T05:22:06"},"new":["1. Emphasises that the long-term financing","of the European economy should serve the","public interest and be guided, among other","things, by objectives that promote social","cohesion, social investment, social justice","and equal treatment, rather than focus","solely on economic and financial","parameters; highlights, in this connection,","the fact that the potential added value of","long-term financing for the public interest","cannot merely be measured in economic","terms;"],"old":["1. Emphasises that the long-term financing","of the European economy should serve the","public interest and be guided, among other","things, by objectives that promote social","cohesion, social justice and equal","treatment, rather than focus solely on","economic and financial parameters;","highlights, in this connection, the fact that","the potential added value of long-term","financing for the public interest cannot","merely be measured in economic terms;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"10","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-11","location":[[" Draft opinion","Paragraph 1 a (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:22:06"},"new":["1a. Welcomes the Commission's green","paper on Long-term Financing to","encourage cross-border long-term","investment in both tangible assets (such","as energy, transport and communication","infrastructures) and intangible assets","(such as education, research and","development), which have wide public","benefits, improve living standards and","create quality employment;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"11","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Fran\u00e7oise Castex","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-12","location":[[" Draft opinion","Paragraph 1 a (new)"]],"meps":[28148],"meta":{"created":"2019-07-03T05:22:06"},"new":["1a. Notes that the Union is faced with","major challenges especially in the fields","of reindustrialisation, energy transition","and digital equipment, which call for","considerable investments; considers that it","is the responsibility of public authorities","to promote these investments, which have","significant employment potential; takes","the view that EU competition policy must","not act as a brake on these investments;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"12","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Traian Ungureanu, Theodor Dumitru Stolojan","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-13","location":[["Draft opinion","Paragraph 2"]],"meps":[96835,39721],"meta":{"created":"2019-07-03T05:22:06"},"new":["2. Stresses the need to ensure an efficient","and effective long-term financing","framework, by creating the right","instruments and mechanisms beneficial to","investors, shareholders, workers,","undertakings and consumers; to this aim,","the European Union should increasingly","focus on development banks - privately","and state owned - as part of the economic","recovery strategy;"],"old":["2. Stresses the need to ensure that long-","term financing benefits not only investors","and shareholders, but also workers,","undertakings and consumers;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"13","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sari Essayah","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-14","location":[["Draft opinion","Paragraph 2"]],"meps":[96682],"meta":{"created":"2019-07-03T05:22:06"},"new":["2. Stresses the need to ensure that long-","term financing benefits not only investors","and shareholders, but also public interest","as a whole;"],"old":["2. Stresses the need to ensure that long-","term financing benefits not only investors","and shareholders, but also workers,","undertakings and consumers;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"14","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Phil Bennion","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-15","location":[["Draft opinion","Paragraph 2"]],"meps":[112014],"meta":{"created":"2019-07-03T05:22:07"},"new":["2. Stresses the need to ensure that long-","term financing benefits not only investors","and shareholders, but also workers,","undertakings and consumers; Notes in this","regard, the possible benefits of financial","participation of employees in companies'","proceeds and other forms of innovative","long-term financing;"],"old":["2. Stresses the need to ensure that long-","term financing benefits not only investors","and shareholders, but also workers,","","undertakings and consumers;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"15","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Traian Ungureanu, Theodor Dumitru Stolojan","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-16","location":[[" Draft opinion","Paragraph 2 a (new)"]],"meps":[96835,39721],"meta":{"created":"2019-07-03T05:22:07"},"new":["2a. Considers that an efficient and","effective framework for long-term","financing needs to be achieved through a","convergent approach between European","and national policies; to this aim, the EIB","should support development banks, with a","view to unlocking liquidity for SMEs, and","creating the right conditions for","increasing production and consequently","raising employment;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"16","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Danuta Jaz\u0142owiecka","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-17","location":[[" Draft opinion","Paragraph 2 a (new)"]],"meps":[96781],"meta":{"created":"2019-07-03T05:22:07"},"new":["2a. Underlines that long-term","investments, capable of boosting long-","term employment, can only exist with","adequate financing, which highly depends","on the economy's ability to generate","savings;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"17","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Phil Bennion","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-18","location":[["Draft opinion","Paragraph 3"]],"meps":[112014],"meta":{"created":"2019-07-03T05:22:07"},"new":["3. Warmly welcomes the focus on","productive capital in addition to financial","capital; asks the Commission to encourage","long-term investment in those areas that","are capable of generating the greatest","positive social externalities and of helping","to achieve the goals of the Europe 2020","strategy, but are not receiving an","appropriate level of financing, such as","SMEs and infrastructure investment, and","to exclude unproductive areas in order to","prevent new unproductive bubbles from","emerging;"],"old":["3. Warmly welcomes the focus on","productive capital as opposed to financial","capital; asks the Commission to encourage","long-term investment in those areas that","are capable of generating the greatest","positive social externalities and of helping","to achieve the goals of the Europe 2020","strategy, but are not receiving an","appropriate level of financing, such as","SMEs, and to exclude unproductive areas,","such as real estate, except for social","housing, in order to prevent new","unproductive bubbles from emerging;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"18","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sari Essayah","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-19","location":[["Draft opinion","Paragraph 3"]],"meps":[96682],"meta":{"created":"2019-07-03T05:22:07"},"new":["3. Warmly welcomes the focus on","productive capital as opposed to financial","capital; asks the Commission to encourage","long-term investment in those areas that","are capable of generating the greatest","positive social externalities and of helping","to achieve the goals of the Europe 2020","strategy, but are not receiving an","appropriate level of financing, such as","large infrastructure projects and SMEs,","and to exclude unproductive areas in order","to prevent new bubbles from emerging;"],"old":["3. Warmly welcomes the focus on","productive capital as opposed to financial","capital; asks the Commission to encourage","long-term investment in those areas that","are capable of generating the greatest","positive social externalities and of helping","to achieve the goals of the Europe 2020","strategy, but are not receiving an","appropriate level of financing, such as","SMEs, and to exclude unproductive areas,","","such as real estate, except for social","housing, in order to prevent new","unproductive bubbles from emerging;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"19","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-20","location":[[" Draft opinion","Paragraph 3 a (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:22:07"},"new":["3a. Raises the importance of the indirect","positive impact that ELTIFs can have in","financing social housing projects or","associations responsible of managing","social housing properties because of their","stable and long-term investment horizon;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"20","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Phil Bennion","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-21","location":[[" Draft opinion","Paragraph 4"]],"meps":[112014],"meta":{"created":"2019-07-03T05:22:07"},"new":["4. Asks for SMEs to be given priority","access to LTI funds since they constitute","the backbone of growth and job creation in","the EU; considers that this access should","be accompanied by a simplification of the","application procedures; highlights the","importance of ensuring easier access to","financing during the whole lifecycle of a","company in order to create and maintain","sustainable quality jobs;"],"old":["4. Asks for SMEs to be given priority","access to LTI funds since they constitute","the backbone of growth and job creation in","the EU; highlights the importance of","ensuring easier access to financing during","the whole lifecycle of a company in order","to create and maintain sustainable quality","jobs;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"21","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Emer Costello","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-22","location":[["Draft opinion","Paragraph 5"]],"meps":[112071],"meta":{"created":"2019-07-03T05:22:07"},"new":["5. Asks the Commission and the Member","States to encourage pension funds to take","socially responsible investment decisions","that conform to EU and international","human rights, social and environmental","standards, including the relevant OECD","and UN guidelines and principles; recalls","that the Commission\u2019s plans to review the","Directive on the activities and supervision","of institutions for occupational retirement","provision (IORP Directive) must not","discourage sustainable long-term","financing."],"old":["5. Asks the Commission and the Member","States to encourage pension funds to take","socially responsible investment decisions;","recalls that the Commission\u2019s plans to","review the Directive on the activities and","supervision of institutions for occupational","retirement provision (IORP Directive)","must not discourage sustainable long-term","financing;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"22","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-23","location":[["Draft opinion","Paragraph 5 a (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:22:07"},"new":["5a. Supports long-term financial","planning, facilitated by policies based on","anticipation and socially responsible and","healthy investments. Asks Member States","with a view to sustainable employment","growth, to support the channelling of","savings into long-term investments","through sound fiscal policies, efficient tax","systems and policies that foster the","attractiveness of the economy for","attracting long-term investment, including","from abroad;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"23","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Traian Ungureanu","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-24","location":[[" Draft opinion","Paragraph 5 a (new)"]],"meps":[96835],"meta":{"created":"2019-07-03T05:22:07"},"new":["5a. Calls on Member States to develop the","appropriate legislation aimed at long-term","financing to be available to businesses of","all sizes, and consequently enhance job","creation; recalls that a continued lack of","liquidity for SMEs can reduce economic","activity and consequently result in further","job losses;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"24","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-25","location":[[" Draft opinion","Paragraph 5 b (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:22:08"},"new":["5b. Asks Member States to support","economic and employment growth by","promoting long-term savings through","savings mobilisation policies;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"25","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Traian Ungureanu","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-26","location":[["Draft opinion","Paragraph 5 b (new)"]],"meps":[96835],"meta":{"created":"2019-07-03T05:22:08"},"new":["5b. Calls on Member States to create","appropriate financial and macroeconomic","frameworks, with a view to achieving","sustainable economic and social","development, while placing a thorough","focus on long-lived capital goods, by","creating sound and sustainable","instruments convergent with the aims of","reducing unemployment and rebooting","the economic business environment;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"26","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-27","location":[["Draft opinion","Paragraph 5 d (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:22:08"},"new":["5d. Supports the introduction of","additional policies when the social return","to a long-term investment is higher than","the private return for investors and","therefore investment levels are below the","social optimum;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"27","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-28","location":[["Draft opinion","Paragraph 5 e (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:22:08"},"new":["5e. Asks the Commission to address the","unmet retail investor demand for","investments into long-term assets which","would pool additional substantial capital","for long-term investments and would","unlock additional employment potential.","Additional protection for retail investors","should be provided, tailored financial","education and awareness strategies","should be put in place to inform potential","and actual users of long-term investment","vehicles about the benefits of long-term","saving and investing, as well as any","potential risks and costs;"],"old":[""],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"28","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-29","location":[[" Draft opinion","Paragraph 5 f (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:22:08"},"new":["5f. Underlines the need for better","financial regulation and supervision in","order to protect workers, taxpayers and","the real economy against future market","failures;"],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"29","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2013-11-15T00:00:00","id":"PE522.886-30","location":[[" Draft opinion","Paragraph 5 g (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:22:08"},"new":["5g. Stresses that the long-term financing","of the European economy and its","potential for job creation will only work if","the ELTIF framework will take","adequately into account the different","needs of professional, semi-professional","and retail investors."],"old":[""],"orig_lang":"en","peid":"PE522.886v01-00","reference":"2013/2175(INI)","seq":"30","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-522.886+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Mojca Kleva Keku\u0161","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-1","location":[["Draft opinion","Paragraph 1"]],"meps":[23413],"meta":{"created":"2019-07-03T05:40:59"},"new":["1. Underscores the importance of long-","term capital funding as a prerequisite for","the effectiveness of EU regional policy;","emphasises the role of both the Structural","and the Investment Funds in the long-term","promotion of growth and employment,","given that the availability of lending for","investment in the economy varies greatly","from region to region;"],"old":["1. Underscores the importance of long-","term capital funding as a prerequisite for","the effectiveness of EU regional policy;","emphasises the role of both the Structural","and the Investment Funds in the long-term","promotion of growth, given that the","availability of lending for investment in the","economy varies greatly from region to","region;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"1","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Andreas M\u00f6lzer","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-2","location":[["Draft opinion","Paragraph 1"]],"meps":[28255],"meta":{"created":"2019-07-03T05:40:59"},"new":["1. Underscores the importance of long-","term capital funding as a prerequisite for","the effectiveness of EU regional policy;","emphasises the role of both the Structural","and the Investment Funds in the long-term","promotion of growth, given that the","availability of lending for investment in the","economy varies greatly from region to","region; notes, in this regard, the need to","deploy the funding efficiently;"],"old":["1. Underscores the importance of long-","term capital funding as a prerequisite for","the effectiveness of EU regional policy;","emphasises the role of both the Structural","and the Investment Funds in the long-term","promotion of growth, given that the","availability of lending for investment in the","economy varies greatly from region to","region;"],"orig_lang":"de","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"2","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Nikos Chrysogelos","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-3","location":[[" Draft opinion","Paragraph 1 a (new)"]],"meps":[111823],"meta":{"created":"2019-07-03T05:40:59"},"new":["1a. Regrets that macroeconomic","conditionalities have been introduced in","Cohesion Policy and provide for","sanctioning Member States by suspending","European funds; fears that such","conditionality prevents banks from","contributing to financial instrument, thus","further depriving regions from their","much-needed, long-term investment","opportunities;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"3","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Mojca Kleva Keku\u0161","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-4","location":[[" Draft opinion","Paragraph 2"]],"meps":[23413],"meta":{"created":"2019-07-03T05:40:59"},"new":["2. Welcomes the Commission\u2019s suggestion","that the availability of investment capital","should be made less dependent on","traditional commercial bank lending, which","has proven to be crisis prone;"],"old":["2. Welcomes the Commission\u2019s suggestion","that the availability of investment capital","should be made less dependent on","traditional commercial bank lending, which","has proved too vulnerable to crises;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"4","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Mojca Kleva Keku\u0161","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-5","location":[[" Draft opinion","Paragraph 3"]],"meps":[23413],"meta":{"created":"2019-07-03T05:40:59"},"new":["3. Draws attention to the situation in many","Member States where commercial banks","continue to attach unduly tough conditions","to investment financing for the households","and the economy, and especially for","SMEs;"],"old":["3. Draws attention to the situation in many","Member States where commercial banks","continue to attach unduly tough conditions","","to investment financing for SMEs;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"5","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Vasilica Viorica D\u0103ncil\u0103","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-6","location":[["Draft opinion","Paragraph 3"]],"meta":{"created":"2019-07-03T05:41:00"},"new":["3. Draws attention to the situation in many","Member States where commercial banks","continue to attach unduly tough conditions","to investment financing for SMEs,","particularly new small businesses and","micro-businesses and SMEs set up by","young people or based in rural areas;"],"old":["3. Draws attention to the situation in many","Member States where commercial banks","continue to attach unduly tough conditions","to investment financing for SMEs;"],"orig_lang":"fr","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"6","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Michael Theurer","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-7","location":[["Draft opinion","Paragraph 3"]],"meps":[96871],"meta":{"created":"2019-07-03T05:41:00"},"new":["3. Draws attention to the situation in many","Member States where commercial banks","continue to attach unduly tough conditions","to investment financing for SMEs; sees a","need, therefore, for other sources of","financing, particularly to meet SMEs\u2019","credit requirements;"],"old":["3. Draws attention to the situation in many","Member States where commercial banks","continue to attach unduly tough conditions","to investment financing for SMEs;"],"orig_lang":"de","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"7","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Nikos Chrysogelos","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-8","location":[[" Draft opinion","Paragraph 3"]],"meps":[111823],"meta":{"created":"2019-07-03T05:41:00"},"new":["3. Draws attention to the situation in many","Member States where commercial banks","continue to attach unduly tough conditions","to investment financing for SMEs, thus","preventing in particular micro and small","entities from support;"],"old":["3. Draws attention to the situation in many","Member States where commercial banks","continue to attach unduly tough conditions","to investment financing for SMEs;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"8","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Old\u0159ich Vlas\u00e1k","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-9","location":[[" Draft opinion","Paragraph 3"]],"meps":[28323],"meta":{"created":"2019-07-03T05:41:00"},"new":["3. Draws attention to the situation in many","Member States where commercial banks","continue to attach unduly tough conditions","to investment financing for SMEs; stresses","the importance of ex-ante and ex-post","evaluation of the proposed and adopted","legislation aiming at helping SMEs get","access to financing;"],"old":["3. Draws attention to the situation in many","Member States where commercial banks","continue to attach unduly tough conditions","to investment financing for SMEs;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"9","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Nikos Chrysogelos","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-10","location":[[" Draft opinion","Paragraph 3 a (new)"]],"meps":[111823],"meta":{"created":"2019-07-03T05:41:00"},"new":["3a. Stresses the role the cooperative banks","play in financing SMEs, social economy","as well as regional or local small scale","investments;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"10","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Nikos Chrysogelos","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-11","location":[["Draft opinion","Paragraph 3 b (new)"]],"meps":[111823],"meta":{"created":"2019-07-03T05:41:00"},"new":["3b. Calls on Member States to raise","obstacles and constraints that may prevent","access of cooperatives and social","enterprises to the European Structural","and Investment Funds, and create an","environment hospitable to sustainable","investments in eco- and social innovation","and job creation at local and regional","level;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"11","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Nikos Chrysogelos","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-12","location":[["Draft opinion","Paragraph 3 c (new)"]],"meps":[111823],"meta":{"created":"2019-07-03T05:41:00"},"new":["3c. Calls on the European Commission","and the Member States to speed up the","promotion of the Banking Union, so that","banks return to financing the real","economy and facilitate private and public","investment needs, taking into account the","failure of many banks, recapitalized by","public money, to afford financial","assistance to SMEs and investments at","regional and local level;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"12","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Mojca Kleva Keku\u0161","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-13","location":[[" Draft opinion","Paragraph 4"]],"meps":[23413],"meta":{"created":"2019-07-03T05:41:00"},"new":["4. Highlights the role played by","decentralised regional financial institutions","which have continued, even during the","crisis in the financial markets, to offer","reliable funding to regional and local","economies, and stresses that local and","regional bodies of this kind, some of them","structured along cooperative lines, should","be strengthened; points out, in addition, at","the importance of microcredit","opportunities and availability of","alternative financing for micro, small and","medium enterprises, which should be put","at the forefront of crisis recovery","strategies and long term goals of the EU;"],"old":["4. Highlights the role played by","decentralised regional financial institutions","which have continued, even during the","crisis in the financial markets, to offer","reliable funding to local economies, and","stresses that local and regional bodies of","this kind, some of them structured along","cooperative lines, should be retained and","expanded;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"13","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Mojca Kleva Keku\u0161","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-14","location":[[" Draft opinion","Paragraph 5 a (new)"]],"meps":[23413],"meta":{"created":"2019-07-03T05:41:00"},"new":["5a. Points out that the use of financial","instruments in cohesion policy especially","in relation to the SMEs should be","reinforced in the future as it can","guarantee revolving funds, foster public-","private partnerships and achieve a","multiplier effect with the EU budget;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"14","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Dimitar Stoyanov","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-15","location":[["Draft opinion","Paragraph 5 a (new)"]],"meps":[34254],"meta":{"created":"2019-07-03T05:41:00"},"new":["5\u0430. Welcomes the Commission proposal to","make it easier for SMEs to access bank","and non-bank financing, bearing in mind","that the development and promotion of","SMEs are core elements of regional policy","in times of crisis."],"orig_lang":"bg","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"15","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Mojca Kleva Keku\u0161","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-16","location":[["Draft opinion","Paragraph 6"]],"meps":[23413],"meta":{"created":"2019-07-03T05:41:00"},"new":["6. Stresses at the same time that direct,","non-repayable subsidies must also continue","to be available wherever possible, thus","giving local authorities and regions a","choice as to the most suitable instrument or","mix of instruments to meet their particular","needs;"],"old":["6. Stresses at the same time that direct,","non-repayable subsidies must also continue","to be available wherever possible, thus","giving regions a choice as to the most","suitable instrument or mix of instruments","to meet their particular needs; takes the","view that the criteria to be met in the case","of tailored solutions should not be more","stringent than those for standard sources","of EU funding;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"16","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Mojca Kleva Keku\u0161","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-17","location":[["Draft opinion","Paragraph 7"]],"meps":[23413],"meta":{"created":"2019-07-03T05:41:00"},"new":["7. Calls for use of the financing","instruments to be subject to thorough","reporting, monitoring and auditing","processes without, however, cancelling out","the central advantage of revolving funding","through the imposition of new and","additional requirements; highlights in this","regard the specific nature of financial","instruments in cohesion policy, which are","generally financing projects in less","developed regions and regions with","economic difficulties, with the aim of","improving situations of market failure","and sub-optimal investment, thus they do","not only focus on short-term profitability","but also on high socio-economic benefits;"],"old":["7. Calls for use of the financing","instruments to be subject to thorough","reporting and transparency without,","however, cancelling out the central","advantage of revolving funding through the","imposition of new and additional","requirements;"],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"17","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Mojca Kleva Keku\u0161","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-18","location":[[" Draft opinion","Paragraph 7 a (new)"]],"meps":[23413],"meta":{"created":"2019-07-03T05:41:01"},"new":["7a. Calls on the Commission to strengthen","the communication and relationship with","the EIB in relation to the design of","tailored loans and guarantee schemes;","encourages the EIB to work closely with","the Member States and regions on their","implementation of new innovative","financial instruments from European","Structural and Investment funds and to","continue their investment strategy","targeted at social economy sector;","additionally, invites the EIB to also","consider the option of greater flexibility","when defining the size and rules of such","tailored loans and other related schemes","so as to be the most compatible with","financial instruments offered through","European Structural and Investment","Funds, especially when it comes to","appropriate financing for young","entrepreneurs and social enterprises;"],"old":[""],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"18","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Mojca Kleva Keku\u0161","changes":{},"committee":["REGI"],"date":"2013-11-28T00:00:00","id":"PE524.652-19","location":[["Draft opinion","Paragraph 8"]],"meps":[23413],"meta":{"created":"2019-07-03T05:41:01"},"new":["8. Calls for greater account to be taken,","when legislating for and regulating the","financial markets, of the specific nature of","local and regional authorities; notes in this","regard that municipalities and regions can","be both long-term investors on the","financial markets and at the same time be","targets of investment."],"old":["8. Calls for greater account to be taken,","when legislating for and regulating the","financial markets, of the specific nature of","local and regional authorities and their","dual role, and notes in this regard that","municipalities and regions can be both","long-term investors on the financial","markets and targets of investment."],"orig_lang":"en","peid":"PE524.652v01-00","reference":"2013/2175(INI)","seq":"19","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-524.652+01+DOC+PDF+V0//EN&language=EN"}],"changes":{"2013-09-17T00:33:46":[{"data":[{"body":"EC","commission":[{"Commissioner":"REHN Olli","DG":{"title":"Economic and Financial Affairs","url":"http://ec.europa.eu/dgs/economy_finance/index_en.htm"}}],"date":"2013-03-25T00:00:00","docs":[{"celexid":"CELEX:52013DC0150:EN","title":"COM(2013)0150","type":"Non-legislative basic document published","url":"http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2013/0150/COM_COM(2013)0150_FR.pdf"}],"type":"Non-legislative basic document"},{"body":"EP","committees":[{"body":"EP","committee":"CULT","committee_full":"Culture and Education","responsible":false},{"body":"EP","committee":"ECON","committee_full":"Economic and Monetary Affairs","responsible":true,"shadows":[{"group":"EPP","mepref":"4de187a80fb8127435bdc221","name":"PALLONE Alfredo"},{"group":"S&D","mepref":"4de185760fb8127435bdbf04","name":"HOANG NGOC Liem"},{"group":"Verts/ALE","mepref":"4de1847f0fb8127435bdbda0","name":"EICKHOUT Bas"},{"group":"ECR","mepref":"4de184c60fb8127435bdbe08","name":"FORD Vicky"}]},{"body":"EP","committee":"ENVI","committee_full":"Environment, Public Health and Food Safety","responsible":false},{"body":"EP","committee":"ITRE","committee_full":"Industry, Research and Energy","responsible":false},{"body":"EP","committee":"REGI","committee_full":"Regional Development","responsible":false},{"body":"EP","committee":"TRAN","committee_full":"Transport and Tourism","responsible":false}],"date":"2013-09-12T00:00:00","type":"Committee referral announced in Parliament, 1st reading/single reading"}],"path":["activities"],"type":"added"},{"data":[{"body":"EC","commissioner":"REHN Olli","dg":{"title":"Economic and Financial Affairs","url":"http://ec.europa.eu/dgs/economy_finance/index_en.htm"}}],"path":["other"],"type":"added"},{"data":[{"body":"EP","committee":"CULT","committee_full":"Culture and Education","responsible":false},{"body":"EP","committee":"ECON","committee_full":"Economic and Monetary Affairs","responsible":true,"shadows":[{"group":"EPP","mepref":"4de187a80fb8127435bdc221","name":"PALLONE Alfredo"},{"group":"S&D","mepref":"4de185760fb8127435bdbf04","name":"HOANG NGOC Liem"},{"group":"Verts/ALE","mepref":"4de1847f0fb8127435bdbda0","name":"EICKHOUT Bas"},{"group":"ECR","mepref":"4de184c60fb8127435bdbe08","name":"FORD Vicky"}]},{"body":"EP","committee":"ENVI","committee_full":"Environment, Public Health and Food Safety","responsible":false},{"body":"EP","committee":"ITRE","committee_full":"Industry, Research and Energy","responsible":false},{"body":"EP","committee":"REGI","committee_full":"Regional Development","responsible":false},{"body":"EP","committee":"TRAN","committee_full":"Transport and Tourism","responsible":false}],"path":["committees"],"type":"added"},{"data":{},"path":["links"],"type":"added"},{"data":{"dossier_of_the_committee":"ECON/7/13125","legal_basis":["Rules of Procedure of the European Parliament EP 048"],"reference":"2013/2175(INI)","stage_reached":"Awaiting committee decision","subject":["2.50.02 Savings","2.50.03 Securities and financial markets, stock exchange, CIUTS, investments","2.50.04 Banks and credit","2.50.05 Insurance, occupational pension funds","2.50.10 Financial supervision","2.70 Taxation","3.45.03 Financial management of undertakings, business loans, accounting","3.45.08 Business environment, reduction of the administrative burdens","5.05 Economic growth","5.10.01 Convergence of economic policies, public deficit, interest rates","6.20.06 Foreign direct investment (FDI)"],"subtype":"Initiative","title":"Long-term financing of the European economy","type":"INI - Own-initiative procedure"},"path":["procedure"],"type":"added"}],"2013-10-01T21:16:35":[{"data":["
PURPOSE: to launch a debate on how to improve the\npossibilities of long-term financing of the European Union\n(Commission Green Paper).
\nBACKGROUND: to return to a path of growth and crating\njobs building on its areas of competitive advantage, Europe\nfaces large-scale, long-term investment needs. This relates to\ninvestment in energy, transport and communication or housing\ninfrastructure, in industrial and service facilities, climate\nchange-related and eco-innovation technologies or in assets, such\nas education and research and development.
\nTrends in climate change and the depletion of natural\nresources further underline the sustainable growth challenge, as\nthey call for more long-term investment in low-carbon energy,\nenergy and resource efficiency and infrastructure.
\nTo fund these long-term investments, governments\nand businesses need access to predictable, long-term financing.\nThe capacity of the economy to make such long-term financing\navailable depends on the ability of the financial system to\nchannel the savings of governments, companies and households\neffectively and efficiently to the right users and uses. This can\nbe carried out indirectly by various intermediaries (e.g. banks,\ninsurers and pension funds) and directly by access to capital\nmarkets.
\nThe financial crisis has affected the ability of the\nfinancial sector in Europe to channel\nsavings to long-term investment needs. Above all, it has created a\nclimate of uncertainty and risk aversion, particularly in those\nMember States under financial pressure and for SMEs.
\nIn this context, the Commission considers that it is\nurgent to give consideration as to how the availability of\nlong-term financing might be improved. That is the purpose of this\nGreen Paper.
\nCONTENT: by means of this Green Paper, the Commission\nis seeking to initiate a broad debate about how to foster the\nsupply of long-term financing and how to improve and diversify the\nsystem of financial intermediation for long-term investment in\nEurope by allowing significantly higher shares of direct capital\nmarket financing and greater involvement of institutional investors\nand alternative financial markets.
\nThe focus is on long-lived capital goods (such\nas economic and social infrastructure, buildings and R&D,\neducation and innovation), not because they are more important for\ngrowth than shorter-lived capital goods (such as computers, mobile\nphones and vehicles). Rather, investment volumes for short-lived\ncapital goods are strongly pro-cyclical. These volumes are\ncurrently down because of the weak macroeconomic outlook in\nEurope.
\nAs part of the measures taken in response to the\ncrisis, the Commission considers that the new regulatory and\nprudential framework must be calibrated, including in the area of\ntaxation, in such a way as to enable and provide an incentive to\nthe financial sector to support the real economy without\njeopardising financial stability.
\nOn this basis, action to enhance the long-term\nfinancing of the European economy should address a broad range\nof interconnected factors:
\nOn the basis of the outcome of this consultation, the\nCommission will consider the appropriate actions to pursue further.\nStakeholders are invited to send their comments by 25 June\n2013.
\nPURPOSE: to launch a debate on how to improve the\npossibilities of long-term financing of the European Union\n(Commission Green Paper).
\nBACKGROUND: to return to a path of growth and crating\njobs building on its areas of competitive advantage, Europe\nfaces large-scale, long-term investment needs. This relates to\ninvestment in energy, transport and communication or housing\ninfrastructure, in industrial and service facilities, climate\nchange-related and eco-innovation technologies or in assets, such\nas education and research and development.
\nTrends in climate change and the depletion of natural\nresources further underline the sustainable growth challenge, as\nthey call for more long-term investment in low-carbon energy,\nenergy and resource efficiency and infrastructure.
\nTo fund these long-term investments, governments\nand businesses need access to predictable, long-term financing.\nThe capacity of the economy to make such long-term financing\navailable depends on the ability of the financial system to\nchannel the savings of governments, companies and households\neffectively and efficiently to the right users and uses. This can\nbe carried out indirectly by various intermediaries (e.g. banks,\ninsurers and pension funds) and directly by access to capital\nmarkets.
\nThe financial crisis has affected the ability of the\nfinancial sector in Europe to channel\nsavings to long-term investment needs. Above all, it has created a\nclimate of uncertainty and risk aversion, particularly in those\nMember States under financial pressure and for SMEs.
\nIn this context, the Commission considers that it is\nurgent to give consideration as to how the availability of\nlong-term financing might be improved. That is the purpose of this\nGreen Paper.
\nCONTENT: by means of this Green Paper, the Commission\nis seeking to initiate a broad debate about how to foster the\nsupply of long-term financing and how to improve and diversify the\nsystem of financial intermediation for long-term investment in\nEurope by allowing significantly higher shares of direct capital\nmarket financing and greater involvement of institutional investors\nand alternative financial markets.
\nThe focus is on long-lived capital goods (such\nas economic and social infrastructure, buildings and R&D,\neducation and innovation), not because they are more important for\ngrowth than shorter-lived capital goods (such as computers, mobile\nphones and vehicles). Rather, investment volumes for short-lived\ncapital goods are strongly pro-cyclical. These volumes are\ncurrently down because of the weak macroeconomic outlook in\nEurope.
\nAs part of the measures taken in response to the\ncrisis, the Commission considers that the new regulatory and\nprudential framework must be calibrated, including in the area of\ntaxation, in such a way as to enable and provide an incentive to\nthe financial sector to support the real economy without\njeopardising financial stability.
\nOn this basis, action to enhance the long-term\nfinancing of the European economy should address a broad range\nof interconnected factors:
\nOn the basis of the outcome of this consultation, the\nCommission will consider the appropriate actions to pursue further.\nStakeholders are invited to send their comments by 25 June\n2013.
\nPURPOSE: to launch a debate on how to improve the\npossibilities of long-term financing of the European Union\n(Commission Green Paper).
\nBACKGROUND: to return to a path of growth and crating\njobs building on its areas of competitive advantage, Europe\nfaces large-scale, long-term investment needs. This relates to\ninvestment in energy, transport and communication or housing\ninfrastructure, in industrial and service facilities, climate\nchange-related and eco-innovation technologies or in assets, such\nas education and research and development.
\nTrends in climate change and the depletion of natural\nresources further underline the sustainable growth challenge, as\nthey call for more long-term investment in low-carbon energy,\nenergy and resource efficiency and infrastructure.
\nTo fund these long-term investments, governments\nand businesses need access to predictable, long-term financing.\nThe capacity of the economy to make such long-term financing\navailable depends on the ability of the financial system to\nchannel the savings of governments, companies and households\neffectively and efficiently to the right users and uses. This can\nbe carried out indirectly by various intermediaries (e.g. banks,\ninsurers and pension funds) and directly by access to capital\nmarkets.
\nThe financial crisis has affected the ability of the\nfinancial sector in Europe to channel\nsavings to long-term investment needs. Above all, it has created a\nclimate of uncertainty and risk aversion, particularly in those\nMember States under financial pressure and for SMEs.
\nIn this context, the Commission considers that it is\nurgent to give consideration as to how the availability of\nlong-term financing might be improved. That is the purpose of this\nGreen Paper.
\nCONTENT: by means of this Green Paper, the Commission\nis seeking to initiate a broad debate about how to foster the\nsupply of long-term financing and how to improve and diversify the\nsystem of financial intermediation for long-term investment in\nEurope by allowing significantly higher shares of direct capital\nmarket financing and greater involvement of institutional investors\nand alternative financial markets.
\nThe focus is on long-lived capital goods (such\nas economic and social infrastructure, buildings and R&D,\neducation and innovation), not because they are more important for\ngrowth than shorter-lived capital goods (such as computers, mobile\nphones and vehicles). Rather, investment volumes for short-lived\ncapital goods are strongly pro-cyclical. These volumes are\ncurrently down because of the weak macroeconomic outlook in\nEurope.
\nAs part of the measures taken in response to the\ncrisis, the Commission considers that the new regulatory and\nprudential framework must be calibrated, including in the area of\ntaxation, in such a way as to enable and provide an incentive to\nthe financial sector to support the real economy without\njeopardising financial stability.
\nOn this basis, action to enhance the long-term\nfinancing of the European economy should address a broad range\nof interconnected factors:
\nOn the basis of the outcome of this consultation, the\nCommission will consider the appropriate actions to pursue further.\nStakeholders are invited to send their comments by 25 June\n2013.
\nThe Committee on Economic and Monetary Affairs adopted\nthe own-initiative report by Wolf Klinz (ALDE, DE) on long-term\nfinancing of the European economy in response to the Commission\nGreen Paper on the subject. It noted that banks in the EU provided\nover 75 % of long-term financing, which created significant\ndependence on this funding source, while in the US less than\n20 % of all long-term financing is provided by banks, and a\nlarge majority through well-developed capital markets. Members\nstressed that there was a persistent lack of confidence and a\nhigh level of risk aversion on the part of both private and\ninstitutional investors, and the low-interest environment, low\ngrowth projections, and economic uncertainty had significantly\ndecreased the supply of long-term financing and the risk appetite\nfor long-term projects.
\nBarriers to growth: the\nreport points to limited public financing and the need for\ninvestors in the banking and insurance sectors to adapt their\nbusiness models to evolving and tightened regulatory requirements.\nIt called on the Commission, in cooperation with the European\nSystemic Risk Board, to assess systemic risks to capital\nmarkets and society at large owing to the overhang of\nunburnable carbon assets.
\nAlternative funding mechanisms: Members stressed the need for Member States to\nestablish new sources to complement established mechanisms\nand fill the funding gap, and proposed that consideration be given\nto the creation of an investment section in the EU budget.\nThey emphasised the strengthened role of new, innovative\nfinancial instruments in all the funding covered by the\nEuropean Structural and Investment Funds, and the need for legal\nclarity and transparency of the new off-the-shelf financial\ninstruments.
\nThe report also called for:
\n\n· \nan enhanced European framework for less liquid\ninvestment funds in order to channel private households\nshort-term liquidity into long-term investments and provide an\nadditional retirement solution;
\n\n· \na harmonised approach to the long-term valuation\nof projects of general interest supported with public\nresources at the EU and national levels;
\n\n· \nappropriate networks for cooperation and the\nexchange of information, and national or regional long-term\npublic investors which can learn from the best practice of\nalready established institutions;
\n\n· \nways to support Member States requiring\nfinancial and technical assistance to set up their long-term\nnational and regional public investors, and to study the\npossibility of an EU guarantee mechanism for long-term national\npublic investors;
\n\n· \nimproved access to capital markets through new\nsources of funding such as initial public offerings, crowd\nfunding, peer-to-peer lending and (covered) bonds or through\nnew market segments;
\n\n· \nstrengthening both the banking system, including\ncooperative and public savings banks, and banks ability to\naccess long-term refinancing to cover their long-term\ninvestments;
\n\n· \nfurther assessment of the role of venture\ncapital and private equity firms in financing the EU\neconomy.
\nRegulatory environment:\nMembers emphasised that an investor-friendly business climate with\na strong drive for technological progress is a prerequisite for\nmaking the EU an attractive destination for foreign direct\ninvestment. Such an environment would feature initiatives aimed at\npooling financial resources, a sound taxation system, appropriate\naccounting principles, effective corporate governance and efficient\nprudential regulation - all embedded in a functioning single\nmarket. Members believed that a specific impact assessment of\nlong-term financing should be included in any legislative proposals\nfor relevant financial services regulation.
\nThey encouraged the Commission to follow closely the\nG20's work on proposals to create a multilateral investment\nframework that set minimum standards and modified certain long-term\ninvestment regulations and fair value accounting rules. The\nCommission was also asked to assess the impact of Member\nStates tax incentives on long-term finance and the energy\ntransition.
\nLastly, the committee asked for SMEs to be given\npriority access to European long-term investment funds (ELTIFs),\nsince they constituted the backbone of growth and job creation in\nthe EU.
\nThe European Parliament adopted by 560 votes to 55\nwith 19 abstentions a resolution on long-term financing of the\nEuropean economy in response to the Commission Green Paper on the\nsubject. Members stressed that there was a persistent lack of\nconfidence and a high level of risk aversion on the part of both\nprivate and institutional investors, and the low-interest\nenvironment, low growth projections, and economic uncertainty had\nsignificantly decreased the supply of long-term financing and the\nrisk appetite for long-term projects.
\nReasoning: Parliament\nstated that concrete advances needed to be made as a matter of\nurgency in order to relaunch long-term investment and job creation\nin the EU. Training and education costs should be treated as\nlong-term investments in this respect. It noted that banks in the\nEU provided over 75 % of long-term financing, which created\nsignificant dependence on this funding source, while in the US less\nthan 20 % of all long-term financing is provided by banks, and\na large majority through well-developed capital markets.
\nEmphasising that fiscal consolidation was the priority\nfor public budgets with a view to restoring compliance with the\nStability and Growth Pact and the two-pack, Parliament\nsupported the initiative aimed at enhancing private investment in\nlong-term financing.
\nBarriers to growth: the\nresolution noted that some countries were\nfacing serious obstacles to, or even being denied, access to\ncapital markets because they have contracted excessive levels of\ndebt in recent years, while capital markets were the main cause of\nthe recent crisis. Furthermore, SMEs in many Member States\nwere having great difficulty accessing\ncapital because commercial banks\nwere only prepared to grant loans subject\nto unduly tough conditions.\nParliament pointed to limited public\nfinancing and the need for investors in the banking and insurance\nsectors to adapt their business models to evolving and tightened\nregulatory requirements. It called on the Commission to assess\nsystemic risks to capital markets and society at large owing to\nthe overhang of unburnable carbon assets.
\nAlternative funding mechanisms: Parliament stressed the need for Member States to\nestablish new sources to complement established mechanisms\nand fill the funding gap, and proposed that consideration be given\nto the creation of an investment section in the EU budget.\nIt emphasised the strengthened role of new, innovative financial\ninstruments in all the funding covered by the European\nStructural and Investment Funds, and the need for legal clarity and\ntransparency of the new off-the-shelf financial\ninstruments.
\nParliament also called for:
\n\n· \nan enhanced European framework for less liquid\ninvestment funds in order to channel private households\nshort-term liquidity into long-term investments and provide an\nadditional retirement solution;
\n\n· \na harmonised approach to the long-term valuation\nof projects of general interest supported with public\nresources at the EU and national levels;
\n\n· \nappropriate networks for cooperation and the\nexchange of information, and national or regional long-term\npublic investors which can learn from the best practice of\nalready established institutions;
\n\n· \nways to support Member States requiring\nfinancial and technical assistance to set up their long-term\nnational and regional public investors, and to study the\npossibility of an EU guarantee mechanism for long-term national\npublic investors;
\n\n· \nimproved access to capital markets through new\nsources of funding such as initial public offerings, crowd\nfunding, peer-to-peer lending and (covered) bonds or through\nnew market segments;
\n\n· \nstrengthening both the banking system, including\ncooperative and public savings banks, and banks ability to\naccess long-term refinancing to cover their long-term\ninvestments;
\n\n· \nfurther assessment of the role of venture\ncapital and private equity firms in financing the EU\neconomy.
\nRegulatory environment:\nParliament emphasised that an investor-friendly business climate\nwith a strong drive for technological progress is a prerequisite\nfor making the EU an attractive destination for foreign direct\ninvestment. Such an environment would feature initiatives aimed at\npooling financial resources, a sound taxation system, appropriate\naccounting principles, effective corporate governance and efficient\nprudential regulation - all embedded in a functioning single\nmarket. Parliament believed that a specific impact assessment of\nlong-term financing should be included in any legislative proposals\nfor relevant financial services regulation. It encouraged the\nCommission to follow closely the G20's work on proposals to create\na multilateral investment framework that set minimum standards and\nmodified certain long-term investment regulations and fair value\naccounting rules. The Commission was also asked to assess the\nimpact of Member States tax incentives on long-term finance\nand the energy transition.
\nParliament asked for SMEs to be given priority access\nto European long-term investment funds (ELTIFs), since they\nconstituted the backbone of growth and job creation in the\nEU.
\nLastly, Parliament stressed\nthe need for a reliable tax environment that prevented impediments to long-term\ninvestment, and encouraged Member States and the Commission to assess the\npossibility of granting tax-advantageous yields on sustainable\ninfrastructure projects or other tax incentives and concessions to\npromote long-term investment.
\nPURPOSE: to launch a debate on how to improve the\npossibilities of long-term financing of the European Union\n(Commission Green Paper).
\nBACKGROUND: to return to a path of growth and crating\njobs building on its areas of competitive advantage, Europe\nfaces large-scale, long-term investment needs. This relates to\ninvestment in energy, transport and communication or housing\ninfrastructure, in industrial and service facilities, climate\nchange-related and eco-innovation technologies or in assets, such\nas education and research and development.
\nTrends in climate change and the depletion of natural\nresources further underline the sustainable growth challenge, as\nthey call for more long-term investment in low-carbon energy,\nenergy and resource efficiency and infrastructure.
\nTo fund these long-term investments, governments\nand businesses need access to predictable, long-term financing.\nThe capacity of the economy to make such long-term financing\navailable depends on the ability of the financial system to\nchannel the savings of governments, companies and households\neffectively and efficiently to the right users and uses. This can\nbe carried out indirectly by various intermediaries (e.g. banks,\ninsurers and pension funds) and directly by access to capital\nmarkets.
\nThe financial crisis has affected the ability of the\nfinancial sector in Europe to channel\nsavings to long-term investment needs. Above all, it has created a\nclimate of uncertainty and risk aversion, particularly in those\nMember States under financial pressure and for SMEs.
\nIn this context, the Commission considers that it is\nurgent to give consideration as to how the availability of\nlong-term financing might be improved. That is the purpose of this\nGreen Paper.
\nCONTENT: by means of this Green Paper, the Commission\nis seeking to initiate a broad debate about how to foster the\nsupply of long-term financing and how to improve and diversify the\nsystem of financial intermediation for long-term investment in\nEurope by allowing significantly higher shares of direct capital\nmarket financing and greater involvement of institutional investors\nand alternative financial markets.
\nThe focus is on long-lived capital goods (such\nas economic and social infrastructure, buildings and R&D,\neducation and innovation), not because they are more important for\ngrowth than shorter-lived capital goods (such as computers, mobile\nphones and vehicles). Rather, investment volumes for short-lived\ncapital goods are strongly pro-cyclical. These volumes are\ncurrently down because of the weak macroeconomic outlook in\nEurope.
\nAs part of the measures taken in response to the\ncrisis, the Commission considers that the new regulatory and\nprudential framework must be calibrated, including in the area of\ntaxation, in such a way as to enable and provide an incentive to\nthe financial sector to support the real economy without\njeopardising financial stability.
\nOn this basis, action to enhance the long-term\nfinancing of the European economy should address a broad range\nof interconnected factors:
\nOn the basis of the outcome of this consultation, the\nCommission will consider the appropriate actions to pursue further.\nStakeholders are invited to send their comments by 25 June\n2013.
\nThe Committee on Economic and Monetary Affairs adopted\nthe own-initiative report by Wolf Klinz (ALDE, DE) on long-term\nfinancing of the European economy in response to the Commission\nGreen Paper on the subject. It noted that banks in the EU provided\nover 75 % of long-term financing, which created significant\ndependence on this funding source, while in the US less than\n20 % of all long-term financing is provided by banks, and a\nlarge majority through well-developed capital markets. Members\nstressed that there was a persistent lack of confidence and a\nhigh level of risk aversion on the part of both private and\ninstitutional investors, and the low-interest environment, low\ngrowth projections, and economic uncertainty had significantly\ndecreased the supply of long-term financing and the risk appetite\nfor long-term projects.
\nBarriers to growth: the\nreport points to limited public financing and the need for\ninvestors in the banking and insurance sectors to adapt their\nbusiness models to evolving and tightened regulatory requirements.\nIt called on the Commission, in cooperation with the European\nSystemic Risk Board, to assess systemic risks to capital\nmarkets and society at large owing to the overhang of\nunburnable carbon assets.
\nAlternative funding mechanisms: Members stressed the need for Member States to\nestablish new sources to complement established mechanisms\nand fill the funding gap, and proposed that consideration be given\nto the creation of an investment section in the EU budget.\nThey emphasised the strengthened role of new, innovative\nfinancial instruments in all the funding covered by the\nEuropean Structural and Investment Funds, and the need for legal\nclarity and transparency of the new off-the-shelf financial\ninstruments.
\nThe report also called for:
\n\n· \nan enhanced European framework for less liquid\ninvestment funds in order to channel private households\nshort-term liquidity into long-term investments and provide an\nadditional retirement solution;
\n\n· \na harmonised approach to the long-term valuation\nof projects of general interest supported with public\nresources at the EU and national levels;
\n\n· \nappropriate networks for cooperation and the\nexchange of information, and national or regional long-term\npublic investors which can learn from the best practice of\nalready established institutions;
\n\n· \nways to support Member States requiring\nfinancial and technical assistance to set up their long-term\nnational and regional public investors, and to study the\npossibility of an EU guarantee mechanism for long-term national\npublic investors;
\n\n· \nimproved access to capital markets through new\nsources of funding such as initial public offerings, crowd\nfunding, peer-to-peer lending and (covered) bonds or through\nnew market segments;
\n\n· \nstrengthening both the banking system, including\ncooperative and public savings banks, and banks ability to\naccess long-term refinancing to cover their long-term\ninvestments;
\n\n· \nfurther assessment of the role of venture\ncapital and private equity firms in financing the EU\neconomy.
\nRegulatory environment:\nMembers emphasised that an investor-friendly business climate with\na strong drive for technological progress is a prerequisite for\nmaking the EU an attractive destination for foreign direct\ninvestment. Such an environment would feature initiatives aimed at\npooling financial resources, a sound taxation system, appropriate\naccounting principles, effective corporate governance and efficient\nprudential regulation - all embedded in a functioning single\nmarket. Members believed that a specific impact assessment of\nlong-term financing should be included in any legislative proposals\nfor relevant financial services regulation.
\nThey encouraged the Commission to follow closely the\nG20's work on proposals to create a multilateral investment\nframework that set minimum standards and modified certain long-term\ninvestment regulations and fair value accounting rules. The\nCommission was also asked to assess the impact of Member\nStates tax incentives on long-term finance and the energy\ntransition.
\nLastly, the committee asked for SMEs to be given\npriority access to European long-term investment funds (ELTIFs),\nsince they constituted the backbone of growth and job creation in\nthe EU.
\nThe European Parliament adopted by 560 votes to 55\nwith 19 abstentions a resolution on long-term financing of the\nEuropean economy in response to the Commission Green Paper on the\nsubject. Members stressed that there was a persistent lack of\nconfidence and a high level of risk aversion on the part of both\nprivate and institutional investors, and the low-interest\nenvironment, low growth projections, and economic uncertainty had\nsignificantly decreased the supply of long-term financing and the\nrisk appetite for long-term projects.
\nReasoning: Parliament\nstated that concrete advances needed to be made as a matter of\nurgency in order to relaunch long-term investment and job creation\nin the EU. Training and education costs should be treated as\nlong-term investments in this respect. It noted that banks in the\nEU provided over 75 % of long-term financing, which created\nsignificant dependence on this funding source, while in the US less\nthan 20 % of all long-term financing is provided by banks, and\na large majority through well-developed capital markets.
\nEmphasising that fiscal consolidation was the priority\nfor public budgets with a view to restoring compliance with the\nStability and Growth Pact and the two-pack, Parliament\nsupported the initiative aimed at enhancing private investment in\nlong-term financing.
\nBarriers to growth: the\nresolution noted that some countries were\nfacing serious obstacles to, or even being denied, access to\ncapital markets because they have contracted excessive levels of\ndebt in recent years, while capital markets were the main cause of\nthe recent crisis. Furthermore, SMEs in many Member States\nwere having great difficulty accessing\ncapital because commercial banks\nwere only prepared to grant loans subject\nto unduly tough conditions.\nParliament pointed to limited public\nfinancing and the need for investors in the banking and insurance\nsectors to adapt their business models to evolving and tightened\nregulatory requirements. It called on the Commission to assess\nsystemic risks to capital markets and society at large owing to\nthe overhang of unburnable carbon assets.
\nAlternative funding mechanisms: Parliament stressed the need for Member States to\nestablish new sources to complement established mechanisms\nand fill the funding gap, and proposed that consideration be given\nto the creation of an investment section in the EU budget.\nIt emphasised the strengthened role of new, innovative financial\ninstruments in all the funding covered by the European\nStructural and Investment Funds, and the need for legal clarity and\ntransparency of the new off-the-shelf financial\ninstruments.
\nParliament also called for:
\n\n· \nan enhanced European framework for less liquid\ninvestment funds in order to channel private households\nshort-term liquidity into long-term investments and provide an\nadditional retirement solution;
\n\n· \na harmonised approach to the long-term valuation\nof projects of general interest supported with public\nresources at the EU and national levels;
\n\n· \nappropriate networks for cooperation and the\nexchange of information, and national or regional long-term\npublic investors which can learn from the best practice of\nalready established institutions;
\n\n· \nways to support Member States requiring\nfinancial and technical assistance to set up their long-term\nnational and regional public investors, and to study the\npossibility of an EU guarantee mechanism for long-term national\npublic investors;
\n\n· \nimproved access to capital markets through new\nsources of funding such as initial public offerings, crowd\nfunding, peer-to-peer lending and (covered) bonds or through\nnew market segments;
\n\n· \nstrengthening both the banking system, including\ncooperative and public savings banks, and banks ability to\naccess long-term refinancing to cover their long-term\ninvestments;
\n\n· \nfurther assessment of the role of venture\ncapital and private equity firms in financing the EU\neconomy.
\nRegulatory environment:\nParliament emphasised that an investor-friendly business climate\nwith a strong drive for technological progress is a prerequisite\nfor making the EU an attractive destination for foreign direct\ninvestment. Such an environment would feature initiatives aimed at\npooling financial resources, a sound taxation system, appropriate\naccounting principles, effective corporate governance and efficient\nprudential regulation - all embedded in a functioning single\nmarket. Parliament believed that a specific impact assessment of\nlong-term financing should be included in any legislative proposals\nfor relevant financial services regulation. It encouraged the\nCommission to follow closely the G20's work on proposals to create\na multilateral investment framework that set minimum standards and\nmodified certain long-term investment regulations and fair value\naccounting rules. The Commission was also asked to assess the\nimpact of Member States tax incentives on long-term finance\nand the energy transition.
\nParliament asked for SMEs to be given priority access\nto European long-term investment funds (ELTIFs), since they\nconstituted the backbone of growth and job creation in the\nEU.
\nLastly, Parliament stressed\nthe need for a reliable tax environment that prevented impediments to long-term\ninvestment, and encouraged Member States and the Commission to assess the\npossibility of granting tax-advantageous yields on sustainable\ninfrastructure projects or other tax incentives and concessions to\npromote long-term investment.
\n