Activities of Bernd LUCKE related to 2014/2156(INI)
Plenary speeches (2)
European Investment Bank annual report 2013 (debate) DE
European Investment Bank annual report 2013 (debate) DE
Amendments (14)
Amendment 6 #
Motion for a resolution
Recital A
Recital A
A. whereas all possible resources from the Member States and the EU, including those of the EIB, need to be efficiently mobilised without delay to sustain public and private investments in line with the EU 2020 Strategythe EIB's 2013 report on Investment and Investment Finance in Europe concludes that it is uncertainty, not a funding shortage that deters investment in the European Union; therefore it is of utmost importance to solve Europe’s fundamental debt, banking and competitiveness crises, this being the only way to encourage sufficient private investment for smart, sustainable and inclusive growth in line with the EU 2020 Strategy;
Amendment 14 #
Motion for a resolution
Recital C
Recital C
C. whereas particular efforts should be made to expand joint interventions (combinthe EIB's 2013 report on Investment and Investment Finance ing EIF or other guarantee tools) for financing SMEs or tangible anurope emphasises, with regard to SME financing, that a more diversified fintangible sustainable infrastructurecial market would reduce the likelihood of borrowing constraints;
Amendment 18 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas the selection for investments by the EIB should be made independently and on the basis of their viability, added value and impact on economic recovery;
Amendment 37 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. WelcomNotes in that context the acknowledgmentcall of the new President of the Commission thatfor bold and urgent action is required to revitalise the EU economy including, inter alia, an EU investment plan of at least EUR 300 billion over the next three years;
Amendment 50 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Takes note in that context of the establishment of a Task Force, led by the Commission and the European Investment Bank, with a view to identifying concrete actions to boost investment, including a pipeline of potentially viable projects of European relevance to be realised in the short and medium term; emphasises that this Task Force should explicitly identify hurdles and remedies for increasing investments and actively seek the involvement of Parliament, social partners and CSOs; warns that the Task Force could face political pressure to foster projects favoured by special interest groups, leading to a misallocation of funds to unprofitable investments that are not of public interest;
Amendment 58 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Urges the EIB to avoid the socialisation of losses and the privatisation of gains in the establishment of the European Fund for Strategic Investments;
Amendment 59 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Also calls on the Council, the Commission and the EIB Board of Governors to duly assess the redistribution effects the investment plan entails, namely a possible increase of investor profits at the costs of customers who have to pay for the usage of new infrastructure in order to ensure an appropriate return on investment;
Amendment 65 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Is of the opinion that, in this respect, appropriate EIB involvement in an EU investment plan will require a substantial increase in EIB lending and borrowing ceilings within the next five years with a view to significantly increasing its balance sheet size; points out that such an increase will imply a combination of a new capital increase and guarantees provided to new credit lines in the framework of the plan; warns that an increase in state funded investment is an imperfect substitute for profitable private investment and is aimed at curing symptoms rather than causes of Europe's economic crisis;
Amendment 66 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Notes that the level of investments differ from Member State to Member State, being particularly depressed in Greece, Ireland, Portugal and Spain; warns the EIB Board of Governors that a low level of investment does not necessarily imply a particularly productive use of additional public or private funds; calls on the EIB Board of Governors to ensure that public money is invested wherever it is most productive and, in conjunction with the EU investment plan, to clearly specify the intended allocation of funds among the Member States;
Amendment 68 #
Motion for a resolution
Paragraph 6 b (new)
Paragraph 6 b (new)
6b. Calls on the EIB Board of Governors to further assess the investment gap in the EU regarding its composition, namely whether private or public investments are lacking; and to specify which kind of investments, private or public, are intended to be subject of support and what size of productive effects of the investment are expected;
Amendment 93 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Points out that risk-sharing instruments ultimately involving the provision of public subsidies should only be foreseen where there are market failures generating external costs or for the execution of missions of general interest such as the provision of public goods and services of general economic interest, bearing in mind that such a take always bears the risk of the socialisation of losses and the privatisation of returns;
Amendment 96 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Points out that any involvement of public resources in risk-sharing instruments and more specifically in first- loss tranches of investment vehicles should either be explicitly linked to the reduction of measurable external negative costs, the generation of measurable positive external costs or the implementation of public services obligations and services of general economic interest; points out that Article 14 TFEU provides a legal basis for establishing such a link by means of an ordinary legislative proposal; underlines that in praxis those links are unobservable and subject to political beliefs;
Amendment 128 #
Motion for a resolution
Paragraph 17
Paragraph 17
Amendment 143 #
Motion for a resolution
Paragraph 20
Paragraph 20