9 Amendments of Xabier BENITO ZILUAGA related to 2016/2064(INI)
Amendment 3 #
Draft opinion
Paragraph 1
Paragraph 1
1. WelcomesRegrets the fact that although 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, recent data on national accounts do not indicate any surge in investment since EFSI was launched; reiterates that only direct public investment can close the large investment gap in Europe;
Amendment 16 #
Draft opinion
Paragraph 2
Paragraph 2
2. Regrets the lack of official information on the amount of used guarantee; notes, however, that unofficial information indicates a and of the multiplier of 14.1effect; calls on the EIB to make the exact multiplier public and to use the OECD calculation methodology;
Amendment 26 #
Draft opinion
Paragraph 4
Paragraph 4
4. Notes that, according to the EY 2016 independent evaluation, EU-15 received over 90 % of EFSI support and the 13 new Member States received about 9 %; regrets the disproportionate benefit from a market-driven instrument such as EFSI to certain larger Member States with more developed capital markets; recalls that three Member States should not account for more than 45 % of total EFSI funding and therefore calls on the EFSI Steering Board to continuously monitor sectoral and geographical spread, especially in crucial sectors such as modernizing and improving productivity and sustainability of all Member- States economies;
Amendment 35 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Regrets the relative lack of investments in countries facing severe economic imbalances and undergoing violent structural adjustments;
Amendment 46 #
Draft opinion
Paragraph 6
Paragraph 6
6. Notes that 31 % of the EFSI funding was used for SMEs, 22 % for energy projects, 21 % for RDI and 10 % for the digital sector; regrets, however, the lack of information regarding the additionality of the projects funded; calls for an urgent improvement of the sectorial diversification as well as the consideration of any further extension of support to other sectors;
Amendment 58 #
Draft opinion
Paragraph 7
Paragraph 7
7. Stresses the need to revise the current definition of additionality by adding new factors and in particular the sectorial and geographical diversification; notes that geographical concentration is working against the principle of cohesion; recalls that the current regulation enabled the possibility of projects with lower-than- minimum risk than EIB Special Activities; notes that many projects could have been carried out without EFSI support and calls the EIB to ensure real additionality;
Amendment 73 #
Draft opinion
Paragraph 8
Paragraph 8
8. Notes that National Promotional Banks are not well established in all Member States and that their limited geographical spread poses additional barriers to the EFSI geographical coverage; considers that the establishment of National Promotional Banks should be a high EFSI priority in order to address regions where support is needed, to boost small scale projects and to improve regional and sectorial diversification; calls on the EIB and the Commission to ensure that National Promotional Banks are high in the priorities of the European Advisory Investment Hub; calls on the Commission to encourage and support the establishment of National Promotional Banks in regions where their presence is limited;
Amendment 99 #
Draft opinion
Paragraph 12
Paragraph 12
12. StresseRegrets the needlack for transparency in the selection of EFSI operations, especially the need for information concerning additionalityrelated to the use of the scoreboard and the criteria applied in the selection of EFSI operations towards the EU institutions as well as for all EU citizens; stresses the need for accessible, accurate and updated information especially concerning additionality, their contribution to growth and job creation and the reasons for granting the EU guarantee;
Amendment 104 #
Draft opinion
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Calls for publication of all information of all EFSI operations and decisions on the European Investment Project Portal (EIPP);urges the Commission to increase EIPP potential and visibility;