7 Amendments of Petri SARVAMAA related to 2016/2064(INI)
Amendment 1 #
Draft opinion
Recital A
Recital A
A. whereas the Investment Plan for Europe is part of a broader strategy aimed at reversing the negative trend observed in public and private investment by mobilising new and private financial liquidity to be injected into the real economy with a view to fostering long- term strategic and sustainable investments across the Union; whereas the Investment Plan has three pillars: mobilising finance for investment, ensuring that investment reaches the real economy and improving the investment environment in the Union; whereas, for the purpose of geographical diversification, it is essential that the investment environment in the Union is improved by removing barriers to investment; whereas the EFSI should be seen as a complement to other actions needed to reduce investment gaps in the Union and, by acting as a guarantee fund, as a stimulus for new investment;
Amendment 15 #
Draft opinion
Paragraph 1
Paragraph 1
1. Notes that the EFSI aims at leveraging through the EIB a total of EUR 315 billion in extra investment and new projects in the real economy by 2018; reminds that the EFSI is a tool to stimulate private, market-based investments;
Amendment 18 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Notes the European Investment Bank's evaluation on the functioning of the European Fund for Strategic Investments published in September 2016; welcomes the Court of Auditors' opinion (2/2016) concerning the Commission proposal to extend the EFSI (COM(2016)597) and the evaluation of the of the use of the EU guarantee and the functioning of the Guarantee Fund (SWD(2016)297);
Amendment 21 #
Draft opinion
Paragraph 2
Paragraph 2
2. URecalls that all EFSI supported projects should meet the additionality criteria and that the basis for this assessment should be documented; regrets that the scoreboards for the approved operations are not published; reminds that this creates both accountability and transparency issues; underlines that more transparency and publicity on the criteria of major EFSI projects are required in order to increase the trust and attractiveness of markets for the EFSI as an efficient funding tool;
Amendment 34 #
Draft opinion
Paragraph 7
Paragraph 7
7. Notes that the geographical distribution of projects has been hitherto uneven; recalls that for the benefit of cohesion and sustainability objectives, the widest possible geographical spread should be considered in implementing the EFSI pipeline, taking into account the potential of sparsely populated areas in the EU; reminds that as a market-based instrument the EFSI cannot alone tackle geographical investment gaps in the Union;
Amendment 65 #
Draft opinion
Paragraph 27 a (new)
Paragraph 27 a (new)
27 a. Reminds that the audit rights of the Court of Auditors as laid down in Article 287 TFEU should be fully respected;
Amendment 68 #
Draft opinion
Paragraph 27 b (new)
Paragraph 27 b (new)
27 b. Welcomes the Commission proposal (COM(2016)597) to extend the duration of the European Fund for Strategic Investments (EFSI); welcomes the proposed improvements to the EFSI regulation; regrets that the proposal was not accompanied by an impact assesment and does not respect the better regulation principles; reminds that for a possible post2020-extension the impact assessment should be carried out prior to the proposal being submitted to the Parliament and Council;