Activities of Paloma LÓPEZ BERMEJO related to 2016/2099(INI)
Plenary speeches (1)
Annual report on the control of the financial activities of the European Investment Bank for 2015 - Annual report on the financial activities of the European Investment Bank (debate) ES
Shadow reports (1)
REPORT on the Annual Report on the Financial Activities of the European Investment Bank PDF (400 KB) DOC (91 KB)
Amendments (26)
Amendment 19 #
Motion for a resolution
Recital C
Recital C
C. whereas the bank must retain a strong credit standing and must remain selective in its operations, taking into account not only the high volumes and returns of the investment but alsoshould selective in its operations, avoiding overtly speculative operations, but should nevertheless expand its credit activity in line with the needs of the European economy and particularly, social and regional cohesion and the development targets of different sectors;
Amendment 41 #
Motion for a resolution
Recital F
Recital F
F. whereas the EIB should help address regional inequalities on the basis of financing sound investment projectby supporting direct public investment and the development plans of public authorities in peripheral countries, as well as advising on the development of new private projects, particularly by SMEs, in those regions; whereas, in particular, the EIB should devise additional ways of sustaining the economic development of countries that have had to apply a stabilisation programme;
Amendment 49 #
Motion for a resolution
Recital G
Recital G
G. whereas the EIB should tackle youth unemployment by equippingsupporting direct public investment and equipping the unemployed, particularly young people, with the required set of skills and provide access to finance linked to the employment of young people;
Amendment 67 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Underlines the fact that the streimproving thening of EU competitiveness levels of EU economic growth and quality employment depends among other things on an increase in public and private investment, especially in innovation and digitalisation;
Amendment 86 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. NotesIs concerned at the stability of the EIB lending signed in 2015 (EUR 77.5 billion, after EUR 77 billion in 2014); points out that, while the figure complies with the target announced in the EIB Operational Plan 2015-2017, the current context should encourage the bank to adopt more ambitious objectives, particularly as regards financing of direct public investment;
Amendment 96 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Takes the view that an increase in EIB lending activity could be achieved through better diversification of its product range, including greater use of public-private partnerships (PPP) and other innovative direct credit to public authorities and in developing and advising on new projects from the bottom-up, since small private operators, such as MSMEs and cooperatives, often lack the administruments in order to better address market needsative or financial resources to access finance by the EIB;
Amendment 119 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Stresses that investment financing should be increased in the industrial sector, especially where exports are concerned, because without a considerable increase in exports the probability of a successful conclusion to an adjustment programme will be diminishedin the interest of creating quality jobs and strengthening the industrial base in those countries suffering from higher rates of unemployment;
Amendment 155 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Supports the emphasis placed by the EIB on the financing of small and medium-sized enterprises (SMEs), with 37 % of the new lending granted in 2015 (EUR 28.4 billion); welcomes in particular the fact that the EIB operations helped to create and sustain 4.1 million jobs in Europe’s SMEs and midcaps (+13 % as compared to 2014); recalls that SMEs are the backbone of Europe’s economy, providing 85 % of all new jobs, and that supporting them must remain a fundamental objective of the bank; stresses, however, that this is far from filling the financing gap suffered by SMEs on account of the deteriorated economic environment and the concentration of the private financial industry away from its traditional retail credit model;
Amendment 157 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Given the strategic role of SMEs in defining the level of employment, takes the view that the EIB should also devise a strategy to increase the financing of SMEs in countries with adverse economic and banking environments; believes that particular attention should also be paid to competitive very small enterprises in need of financing; believes that this strategy should include the reinforcement of administrative and advising capacities to provide information and technical support to SMEs in developing and applying for finance;
Amendment 163 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Is of the opinion that the EIB should take special care to ensure that the network of financial intermediaries that it has developed remains trustworthy and is in a position to finance dynamic and competitive SMEs in an effective way; stresses the need to tailor investment programs towards small-scale projects in order to ensure the participation of SMEs;
Amendment 167 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. WelcomNotes the start of the EFSI, the legislation governing which entered into force in July 2015; underlines that the success of the programme is dependent upon its swift implementation;
Amendment 173 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. PIs particularly welcomesconcerned by the fact that total investment in EFSI approvals amounts only to EUR 115.7 billion, which is equivalent to 37 % of the original target value (EUR 315 billion), despite its strong impact on the resources available for the EU budget and the evident doubling of its credit activity with traditional EIB lending, without ensuring any further additionality;
Amendment 181 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for a wider use of the EIB’s financial instruments, in combination with the European Structural and Investment Fund (ESIF) and EFSI funds, to enhance regional development in the Member States, and underlines that a simplification of the ESIF-EFSI combination is needed; calls for an evaluation of project selection with regard to risk and added European value and for a greater focus on risk in the selection of projects, as stipulated in the EFSI mandate;
Amendment 193 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Points out that effective cooperation with the National Promotional Banks (NPBs) and equivalent regional financial institutions, as well as a dialogue with the social partners and public authorities, can help the EIB to select the best projects in each Member State;
Amendment 204 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Regrets the lack of transparency of the EIB towards the public,, but also towards the European Parliament in relation to the functioning of the EFSI Scoreboard and its Advisory Hub;
Amendment 210 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. WelcomNotes the strong increase in EIB lending to innovative projects, which stood at EUR 18.7 billion in 2015, as compared to less than EUR 10 billion in 2008; urges the EIB to continue this effort and to focus on the developmentstresses, however, that innovative projects of technologies for the future such as energy-efficiency transport, the digital economy and new medical treatments for a better life; believes that concentrating on InnovFin and FinTech will attract projects with added value n fail to ensure additionally and are overtly concentrated on large projects, rather than diffusing the Member Statesechnological improvements through the economy;
Amendment 237 #
Motion for a resolution
Paragraph 24
Paragraph 24
Amendment 243 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Expresses its concern at the fall of financing in renewable energy projects due to the impact of EFSI; stresses the importance of EIB financing in the development of renewable energy capacity and the improvement of energy efficiency in sectors such as industry and transport;
Amendment 252 #
Motion for a resolution
Paragraph 24 b (new)
Paragraph 24 b (new)
24b. Regrets the lack of sound and consistent criteria on Emission Performance Standards; calls for better stream-lining of the environmental dimension in the forthcoming revision of project criteria;
Amendment 267 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Recalls that the external policy of the EIB, and in particular the regional technical operational guidelines, should be consistent with the external action goals of the EU as defined in Article 21 TEU and the European Charter of Fundamental Rights and regrets that this is not the case in the current operations of the EIB; calls for full compliance with the legislation, and in particular the environmental and social standards, of the beneficiary countries; stresses that EIB funding to third countries should guarantee long- term economic development in the recipient nations;
Amendment 271 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Urges the EIB to improve the assessment of the impact of its projects outside the EU in order to ensure they are successfully implemented and that they fully comply with the objective of sustainable and inclusive growth; draws attention, in this regard, for the need to ensure the participation of the affected populations in the decision-making process, the need to ensure wide consultation of relevant stakeholders and the need to act in full compliance of international law and relevant EU and national legislation;
Amendment 282 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. AsksCalls on the EIB to continue its action to tackle the refugee crisis byease the financing emergencyof all projects in countries of destination and making long-term investments in the refugees’ countries of origindeveloped as a response to the refugee crisis that are in breach of human rights;
Amendment 292 #
Motion for a resolution
Paragraph 28 a (new)
Paragraph 28 a (new)
28a. Democratising the EIB
Amendment 293 #
Motion for a resolution
Paragraph 28 b (new)
Paragraph 28 b (new)
28b. Regrets the on-going activities of the EIB with off-shore and non- collaborative jurisdictions; calls for an in- depth investigation of the activities of the EIB in financing projects or institutions operating in these jurisdictions;
Amendment 294 #
Motion for a resolution
Paragraph 28 c (new)
Paragraph 28 c (new)
28c. Calls for a strengthening of the independence and transparency of the complaint mechanisms of the EIB; stresses the need to ensure resources are available to launch and answer calls for investigation on the planned and current activities of the EIB;
Amendment 295 #
Motion for a resolution
Paragraph 28 d (new)
Paragraph 28 d (new)
28d. Calls for an in-depth investigation of the role of EIB in the financing of Volkswagen activities linked to the emissions scandals; calls for the participation of EIB director in the EMIS inquiry committee of the European Parliament.