3 Amendments of Georgios KYRTSOS related to 2016/2302(INI)
Amendment 3 #
Draft opinion
Paragraph 1
Paragraph 1
1. Emphasises that the ultimate purpose of financial instruments (FIs) is to act in situations of market failure or suboptimal investment as a catalyst making it possible to mobilise funding for projects which cannot secure adequate suppcomplementarily to grant financing from the EU budget in order to effectively address EU´s policy objectives and to act as a catalyst fort from the market; insisturther investments; considers that the funding channelled through the EU- supported FIs should play a social role and not be limited to satisfying private interests onlycan help towards the direction of mobilising financing for projects which cannot secure adequate support from the market;
Amendment 35 #
Draft opinion
Paragraph 5
Paragraph 5
5. Points to the challenges that FIs represent forNotes that the use of FIs needs to safeguard the democratic control, timely and transparent reporting and accountability; believes that the revision of the Financial Regulation and the ‘omnibus regulation’ could provide an opportunity to streamline the reporting on FIs and thus provide a better basis to assess additionality and complementarity between different forms of EU support, particularly between cohesion funds and the European Fund for Strategic Investments (EFSI).
Amendment 41 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. 5 a. Underlines that synergies and complementarities between EFSI and ESIF are instrumental in exploiting their full potential and maximising the impact of investments in the Member States and their regions; notes the Commission guidelines to combine EFSI and ESIF finances, but underlines the persistent difficulties linked to the eligibility criteria, timeframe for reporting and application of state aid rules that hinder their combined usage; welcomes the opportunities provided to further address these problems in the Commission proposals for the revision of the Financial Regulation, as well as for EFSI 2.0;