BETA


2019/0804(CNS) European Investment Bank (EIB): amendment of the Statute - Request to launch the Article 308 procedure

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead AFCO HÜBNER Danuta Maria (icon: PPE PPE)
Committee Opinion BUDG GARDIAZABAL RUBIAL Eider (icon: S&D S&D)
Committee Opinion ECON
Lead committee dossier:

Events

2019/07/24
   Final act published in Official Journal
2019/07/18
   EP/CSL - Act adopted by Council after consultation of Parliament
2019/07/18
   EP - End of procedure in Parliament
2019/07/18
   CSL - Council Meeting
2019/04/17
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament adopted by 555 votes to 26 with 29 abstentions, following a special legislative procedure (consultation of the Parliament), a legislative resolution on the draft Council decision amending the Statute of the European Investment Bank.

The European Parliament approved the Council's draft.

Documents
2019/04/08
   EP - Committee report tabled for plenary, 1st reading/single reading
Details

The Committee on Constitutional Affairs adopted, following a special legislative procedure (consultation of Parliament), the report by Danuta Maria HÜBNER (EPP, PL) on the draft Council decision amending the Statute of the European Investment Bank.

The committee recommended that Parliament approve the Council's draft without amendments.

The aim of the targeted amendments proposed by the EIB is to adapt the Statute of the Bank to reflect an increase in the EIB’s subscribed capital by Poland and Romania. The capital subscribed by Poland shall be increased by EUR 5 386 000 000 and that the capital subscribed by Romania should be increased by EUR 125 452 381. The subscribed capital of the Bank shall be increased to EUR 248 795 606 881.

Documents
2019/04/02
   EP - Vote in committee, 1st reading/single reading
2019/04/02
   EP - HÜBNER Danuta Maria (PPE) appointed as rapporteur in AFCO
2019/04/01
   EP - Committee opinion
Documents
2019/04/01
   EP - GARDIAZABAL RUBIAL Eider (S&D) appointed as rapporteur in BUDG
2019/03/28
   EP - Committee referral announced in Parliament, 1st reading/single reading
2019/03/19
   EC - Legislative proposal published
Details

PURPOSE: European Investment Bank’s (EIB) request to the Council to amend the EIB's Statute based on the special legislative procedure laid down in Article 308 TFEU concerning the EIB capital increase subscribed by Poland and Romania.

ROLE OF THE EUROPEAN PARLIAMENT: the Council adopts the act after consulting the European Parliament but without being obliged to follow its opinion.

BACKGROUND: under Article 308 TFEU, the European Investment Bank (EIB) may request the Council, in accordance with a special legislative procedure, to amend the Statute.

Following its meeting of 17 July 2018, the Board of Directors proposed to the Board of Governors an increase in the subscribed capital of the remaining Member States to maintain the total subscribed capital of the EIB following the withdrawal of the United Kingdom from the Union.

Following a decision of the Board of Governors on 22 June 2018, a high-level shareholders' working group was set up to analyse the possibilities for some Member States to increase their participation in the Bank's capital.

Poland indicated that it wished to increase its share of subscribed capital by EUR 5 386 000 000 000. Romania has indicated its wish to increase its share of subscribed capital by EUR 125 452 381.

CONTENT: the EIB requested the Council to amend the EIB's Statute based on the special legislative procedure laid down in Article 308 TFEU concerning the EIB capital increase subscribed by Poland and Romania.

The Board of Governors agrees that the capital subscribed by Poland shall be increased by EUR 5 386 000 000 and that the capital subscribed by Romania should be increased by EUR 125 452 381.

In complement to the capital increase proposed by the Board of Directors on 17 July 2018 and subject to its approval by the Board of Governors and its entry into force, the subscribed capital of the Bank should be increased to EUR 248 795 606 881.

Provided that this capital increase takes effect, Poland and Romania shall pay EUR 480 391 093 and EUR 11 189 418 respectively to the EIB corresponding to the paid-in part of the increase in their share of subscribed capital. The amounts shall be paid in ten equal semi-annual instalments.

The alternate directors shall be appointed for a period of five years by the Board of Governors:

- two alternates appointed by Germany,

- two alternates appointed by France,

- two alternates appointed by Italy,

- two alternates appointed by common accord between Spain and Portugal,

- three alternates appointed by common accord between Belgium, Luxembourg and the Netherlands,

- three alternates nominated by common accord between Poland, Hungary and Croatia,

- four alternates nominated by common accord between Denmark, Greece, Ireland and Romania,

- six alternates nominated by common accord of Estonia, Latvia, Lithuania, Austria, Finland and Sweden,

- six alternates nominated by common accord of Bulgaria, the Czech Republic, Cyprus, Malta, Slovenia and Slovakia,

- one alternate nominated by the Commission.

Documents

Documents

Votes

A8-0189/2019 - Danuta Maria Hübner - Vote unique 17/04/2019 17:22:13.000

2019/04/17 Outcome: +: 555, 0: 29, -: 26
DE FR ES IT PL GB RO PT BE CZ AT HU BG NL SE FI HR DK SK SI LT LU IE MT LV EE CY EL
Total
91
68
49
43
43
54
24
19
19
18
17
15
12
22
17
11
11
11
10
8
7
6
6
6
6
5
1
11
icon: PPE PPE
175

United Kingdom PPE

2

Denmark PPE

For (1)

1

Lithuania PPE

2

Luxembourg PPE

3

Ireland PPE

3

Estonia PPE

For (1)

1
icon: S&D S&D
154

Czechia S&D

For (1)

1

Hungary S&D

2

Netherlands S&D

3

Croatia S&D

2

Slovakia S&D

2

Slovenia S&D

For (1)

1

Luxembourg S&D

For (1)

1

Malta S&D

3

Latvia S&D

1

Estonia S&D

For (1)

1

Greece S&D

1
icon: ALDE ALDE
57

Italy ALDE

For (1)

1

Romania ALDE

For (1)

1

Portugal ALDE

1

Austria ALDE

For (1)

1

Bulgaria ALDE

3

Croatia ALDE

2

Denmark ALDE

2

Slovenia ALDE

For (1)

1

Lithuania ALDE

1

Luxembourg ALDE

For (1)

1

Ireland ALDE

For (1)

1

Estonia ALDE

2
icon: ECR ECR
61

Italy ECR

1

Romania ECR

For (1)

1

Czechia ECR

2

Bulgaria ECR

1

Netherlands ECR

2

Sweden ECR

2

Finland ECR

1

Croatia ECR

For (1)

1

Slovakia ECR

2

Lithuania ECR

1

Greece ECR

Against (1)

1
icon: Verts/ALE Verts/ALE
48

Italy Verts/ALE

For (1)

1

United Kingdom Verts/ALE

5

Belgium Verts/ALE

2

Austria Verts/ALE

3

Hungary Verts/ALE

For (1)

1

Netherlands Verts/ALE

2

Sweden Verts/ALE

2

Finland Verts/ALE

For (1)

1

Croatia Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1

Slovenia Verts/ALE

For (1)

1

Lithuania Verts/ALE

For (1)

1

Luxembourg Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Estonia Verts/ALE

For (1)

1
icon: GUE/NGL GUE/NGL
43

United Kingdom GUE/NGL

1

Netherlands GUE/NGL

Against (1)

1

Sweden GUE/NGL

Abstain (1)

1

Denmark GUE/NGL

For (1)

1

Ireland GUE/NGL

2

Cyprus GUE/NGL

1
icon: EFDD EFDD
27

Germany EFDD

Abstain (1)

1

Czechia EFDD

Against (1)

1
icon: NI NI
13

Germany NI

For (1)

1

France NI

For (1)

Abstain (1)

2

Poland NI

Against (1)

2

Hungary NI

Abstain (1)

3
icon: ENF ENF
32

Germany ENF

Against (1)

1

Poland ENF

2

United Kingdom ENF

2

Belgium ENF

Abstain (1)

1

Austria ENF

3

Netherlands ENF

4

A8-0189/2019 - Danuta Maria Hübner - Vote unique

2019/04/17 Outcome: +: 555, 0: 29, -: 26
DE FR ES IT PL GB RO PT BE CZ AT HU BG NL SE FI HR DK SK SI LT LU IE MT LV EE CY EL
Total
91
68
47
43
43
54
24
19
19
18
17
15
12
22
16
11
11
11
10
8
7
6
6
6
6
5
1
11
icon: PPE PPE
175

United Kingdom PPE

2

Denmark PPE

For (1)

1

Lithuania PPE

2

Luxembourg PPE

3

Ireland PPE

3

Estonia PPE

For (1)

1
icon: S&D S&D
154

Czechia S&D

For (1)

1

Hungary S&D

2

Netherlands S&D

3

Croatia S&D

2

Slovakia S&D

2

Slovenia S&D

For (1)

1

Luxembourg S&D

For (1)

1

Malta S&D

3

Latvia S&D

1

Estonia S&D

For (1)

1

Greece S&D

1
icon: ALDE ALDE
56

Italy ALDE

For (1)

1

Romania ALDE

For (1)

1

Portugal ALDE

1

Austria ALDE

For (1)

1

Bulgaria ALDE

3

Croatia ALDE

2

Denmark ALDE

2

Slovenia ALDE

For (1)

1

Lithuania ALDE

1

Luxembourg ALDE

For (1)

1

Ireland ALDE

For (1)

1

Estonia ALDE

2
icon: ECR ECR
61

Italy ECR

1

Romania ECR

For (1)

1

Czechia ECR

2

Bulgaria ECR

1

Netherlands ECR

2

Sweden ECR

2

Finland ECR

1

Croatia ECR

For (1)

1

Slovakia ECR

2

Lithuania ECR

1

Greece ECR

Against (1)

1
icon: Verts/ALE Verts/ALE
46

Italy Verts/ALE

For (1)

1

United Kingdom Verts/ALE

5

Belgium Verts/ALE

2

Austria Verts/ALE

3

Hungary Verts/ALE

For (1)

1

Netherlands Verts/ALE

2

Sweden Verts/ALE

For (1)

1

Finland Verts/ALE

For (1)

1

Croatia Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1

Slovenia Verts/ALE

For (1)

1

Lithuania Verts/ALE

For (1)

1

Luxembourg Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Estonia Verts/ALE

For (1)

1
icon: GUE/NGL GUE/NGL
43

United Kingdom GUE/NGL

1

Netherlands GUE/NGL

Against (1)

1

Sweden GUE/NGL

Abstain (1)

1

Denmark GUE/NGL

For (1)

1

Ireland GUE/NGL

2

Cyprus GUE/NGL

1
icon: EFDD EFDD
27

Germany EFDD

Abstain (1)

1

Czechia EFDD

Against (1)

1
icon: NI NI
13

Germany NI

For (1)

1

France NI

For (1)

Abstain (1)

2

Poland NI

Against (1)

2

Hungary NI

Abstain (1)

3
icon: ENF ENF
32

Germany ENF

Against (1)

1

Poland ENF

2

United Kingdom ENF

2

Belgium ENF

Abstain (1)

1

Austria ENF

3

Netherlands ENF

4

History

(these mark the time of scraping, not the official date of the change)

events/7
date
2019-07-24T00:00:00
type
Final act published in Official Journal
docs
procedure/final
title
Decision 2019/1255
url
https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32019D1255
procedure/stage_reached
Old
Procedure completed, awaiting publication in Official Journal
New
Procedure completed
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Constitutional Affairs
committee
AFCO
rapporteur
name: HÜBNER Danuta Maria date: 2019-04-02T00:00:00 group: European People's Party (Christian Democrats) abbr: PPE
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Constitutional Affairs
committee
AFCO
date
2019-04-02T00:00:00
rapporteur
name: HÜBNER Danuta Maria group: European People's Party (Christian Democrats) abbr: PPE
committees/1
type
Committee Opinion
body
EP
associated
False
committee_full
Budgets
committee
BUDG
rapporteur
name: GARDIAZABAL RUBIAL Eider date: 2019-04-01T00:00:00 group: Progressive Alliance of Socialists and Democrats abbr: S&D
committees/1
type
Committee Opinion
body
EP
associated
False
committee_full
Budgets
committee
BUDG
date
2019-04-01T00:00:00
rapporteur
name: GARDIAZABAL RUBIAL Eider group: Progressive Alliance of Socialists and Democrats abbr: S&D
council
  • body: CSL type: Council Meeting council: General Affairs meeting_id: 3710 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=3710*&MEET_DATE=18/07/2019 date: 2019-07-18T00:00:00
events/5
date
2019-07-18T00:00:00
type
Act adopted by Council after consultation of Parliament
body
EP/CSL
events/6
date
2019-07-18T00:00:00
type
End of procedure in Parliament
body
EP
procedure/stage_reached
Old
Awaiting final decision
New
Procedure completed, awaiting publication in Official Journal
committees
  • type: Responsible Committee body: EP associated: False committee_full: Constitutional Affairs committee: AFCO date: 2019-04-02T00:00:00 rapporteur: name: HÜBNER Danuta Maria group: European People's Party (Christian Democrats) abbr: PPE
  • type: Committee Opinion body: EP associated: False committee_full: Budgets committee: BUDG date: 2019-04-01T00:00:00 rapporteur: name: GARDIAZABAL RUBIAL Eider group: Progressive Alliance of Socialists and Democrats abbr: S&D
  • type: Committee Opinion body: EP associated: False committee_full: Economic and Monetary Affairs committee: ECON opinion: False
docs
  • date: 2019-04-01T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE637.426&secondRef=02 title: PE637.426 committee: BUDG type: Committee opinion body: EP
events
  • date: 2019-03-19T00:00:00 type: Legislative proposal published body: EC docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=7651%2F19&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 07651/2019 summary: PURPOSE: European Investment Bank’s (EIB) request to the Council to amend the EIB's Statute based on the special legislative procedure laid down in Article 308 TFEU concerning the EIB capital increase subscribed by Poland and Romania. ROLE OF THE EUROPEAN PARLIAMENT: the Council adopts the act after consulting the European Parliament but without being obliged to follow its opinion. BACKGROUND: under Article 308 TFEU, the European Investment Bank (EIB) may request the Council, in accordance with a special legislative procedure, to amend the Statute. Following its meeting of 17 July 2018, the Board of Directors proposed to the Board of Governors an increase in the subscribed capital of the remaining Member States to maintain the total subscribed capital of the EIB following the withdrawal of the United Kingdom from the Union. Following a decision of the Board of Governors on 22 June 2018, a high-level shareholders' working group was set up to analyse the possibilities for some Member States to increase their participation in the Bank's capital. Poland indicated that it wished to increase its share of subscribed capital by EUR 5 386 000 000 000. Romania has indicated its wish to increase its share of subscribed capital by EUR 125 452 381. CONTENT: the EIB requested the Council to amend the EIB's Statute based on the special legislative procedure laid down in Article 308 TFEU concerning the EIB capital increase subscribed by Poland and Romania. The Board of Governors agrees that the capital subscribed by Poland shall be increased by EUR 5 386 000 000 and that the capital subscribed by Romania should be increased by EUR 125 452 381. In complement to the capital increase proposed by the Board of Directors on 17 July 2018 and subject to its approval by the Board of Governors and its entry into force, the subscribed capital of the Bank should be increased to EUR 248 795 606 881. Provided that this capital increase takes effect, Poland and Romania shall pay EUR 480 391 093 and EUR 11 189 418 respectively to the EIB corresponding to the paid-in part of the increase in their share of subscribed capital. The amounts shall be paid in ten equal semi-annual instalments. The alternate directors shall be appointed for a period of five years by the Board of Governors: - two alternates appointed by Germany, - two alternates appointed by France, - two alternates appointed by Italy, - two alternates appointed by common accord between Spain and Portugal, - three alternates appointed by common accord between Belgium, Luxembourg and the Netherlands, - three alternates nominated by common accord between Poland, Hungary and Croatia, - four alternates nominated by common accord between Denmark, Greece, Ireland and Romania, - six alternates nominated by common accord of Estonia, Latvia, Lithuania, Austria, Finland and Sweden, - six alternates nominated by common accord of Bulgaria, the Czech Republic, Cyprus, Malta, Slovenia and Slovakia, - one alternate nominated by the Commission.
  • date: 2019-03-28T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2019-04-02T00:00:00 type: Vote in committee, 1st reading/single reading body: EP
  • date: 2019-04-08T00:00:00 type: Committee report tabled for plenary, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2019-0189&language=EN title: A8-0189/2019 summary: The Committee on Constitutional Affairs adopted, following a special legislative procedure (consultation of Parliament), the report by Danuta Maria HÜBNER (EPP, PL) on the draft Council decision amending the Statute of the European Investment Bank. The committee recommended that Parliament approve the Council's draft without amendments. The aim of the targeted amendments proposed by the EIB is to adapt the Statute of the Bank to reflect an increase in the EIB’s subscribed capital by Poland and Romania. The capital subscribed by Poland shall be increased by EUR 5 386 000 000 and that the capital subscribed by Romania should be increased by EUR 125 452 381. The subscribed capital of the Bank shall be increased to EUR 248 795 606 881.
  • date: 2019-04-17T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2019-0414 title: T8-0414/2019 summary: The European Parliament adopted by 555 votes to 26 with 29 abstentions, following a special legislative procedure (consultation of the Parliament), a legislative resolution on the draft Council decision amending the Statute of the European Investment Bank. The European Parliament approved the Council's draft.
procedure
reference
2019/0804(CNS)
title
European Investment Bank (EIB): amendment of the Statute - Request to launch the Article 308 procedure
subject
type
CNS - Consultation procedure
subtype
Legislation
Modified legal basis
Rules of Procedure EP 159
stage_reached
Awaiting final decision
dossier_of_the_committee
AFCO/8/15903