Activities of Jean-Luc SCHAFFHAUSER related to 2016/2064(INI)
Plenary speeches (1)
Implementation of the European Fund for Strategic Investments (debate) FR
Shadow opinions (1)
OPINION on the implementation of the European Fund for Strategic Investments
Amendments (5)
Amendment 4 #
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes the investment mobilised by EFSI to date, which amounts to EUR 169.9 billion and accounts for 52% of the total target investment to be mobilised by 2018; takes the view, however, that EFSI is not equal to the economic challenges of restoring growth and correcting the uneven spread of fiscal surpluses between the north and the south of the euro area;
Amendment 9 #
Draft opinion
Paragraph 1 – subparagraph 1 (new)
Paragraph 1 – subparagraph 1 (new)
notes that financial engineering based on the leverage effect makes it impossible to finance long-term large-scale investment in countries with a structural balance of payments deficit, where adjustment has been brought about by recession and unemployment;
Amendment 76 #
Draft opinion
Paragraph 8 – subparagraph 1 (new)
Paragraph 8 – subparagraph 1 (new)
Notes that setting up national planning and investment agencies alongside national investment banks, coordinating them according to the principle of free and flexible Member State participation, is the sine qua non for boosting and developing profitable long-term investment; considers that, from that point of view, energy efficiency could serve as a testing-ground;
Amendment 77 #
Draft opinion
Paragraph 8 – point 1 (new)
Paragraph 8 – point 1 (new)
(1) believes that long-term investment can be financed only through quantitative easing, a facility to be accorded by the European Central Bank to national investment agencies via the Member State concerned; calls on the European Central Bank, the Commission, and the Member States to study this possibility;
Amendment 78 #
Draft opinion
Paragraph 8 – point 2 (new)
Paragraph 8 – point 2 (new)
(2) believes that quantitative easing should be allowed when euro area Member States are in deficit or going through an economic crisis and that its object should be not to purchase debt, but to invest in the real economy;