Activities of Edouard FERRAND related to 2015/0009(COD)
Plenary speeches (1)
European Fund for Strategic Investments (A8-0139/2015 - José Manuel Fernandes, Udo Bullmann) FR
Amendments (5)
Amendment 40 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) As agriculture budgets have been cut at the least appropriate time, in view of the state of the economy and the decline in investment, it is desirable to consider increasing them as soon as possible.
Amendment 46 #
Proposal for a regulation
Recital 12 a (new)
Recital 12 a (new)
(12a) A particular effort should be made with regard to SMEs and mid-cap companies interacting directly, both upstream and downstream, with the farming sector, in order to rapidly improve the added value of all sectors, which have jointly fallen victim to a state of the economy that has been destroying investment and jobs.
Amendment 51 #
Proposal for a regulation
Recital 14
Recital 14
(14) The EFSI should target projects delivering high societal and economic value. In particular, the EFSI should target projects that promote job creation, long- term growth and competitiveness and which, in addition to the vital measures relating to infrastructure in the communications, digital and transport sectors, should also help to improve the structure of industries, both separately and in conjunction, so that they can organise themselves as effectively as possible in an increasingly complex internal market and in export markets. The EFSI should support a wide range of financial products, including equity, debt or guarantees, to best accommodate the needs of the individual project. This wide range of products should allow the EFSI to adapt to market needs whilst encouraging private investment in the projects. The EFSI should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money. The requirement for consistency with State aid principles should contribute to such effective and strategic use.
Amendment 60 #
Proposal for a regulation
Recital 15
Recital 15
(15) The EFSI should target projects with a higher risk-return profile than existing EIB and Union instruments to ensure additionality over existing operations. The EFSI should finance projects across the Union, including in the countries most affected by the financial crisis, as well as in all rural areas and areas in extremely peripheral locations. The EFSI should only be used where financing is not available from other sources on reasonable terms.
Amendment 76 #
Proposal for a regulation
Recital 22
Recital 22
(22) In accordance with the Treaty on the Functioning of the European Union, Infrastructure and project investments supported under EFSI should be consistent with State aid rules. To that end, the Commission has announced that it will formulate a set of core principles, for the purpose of State aid assessments, which a project will have to meet to be eligible for support under the EFSI. If a project meets these criteria and receives support from theorder for investment in infrastructure, research and the large- scale application of the results obtained, in the structuring of industries and all the projects supported under EFSI, the Commission has announced that any national complementary support, will be assessed under a simplified and accelerated State aid assessment whereby the only additional issue to be verified byo be supported effectively at national level, the Commission will beshall establish the pbroportionality of public support (absence of overcompensation). The Commission has also announced that itadest and clearest possible framework for State aid whill provide further guidance on the set of core principles with a view to ensuring an efficient use of public fundse respecting the principle of subsidiarity.