Activities of Andreas MÖLZER related to 2012/2027(INI)
Plenary speeches (5)
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Amendments (6)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. WelcomeViews the Commission’s proposal to enhance the use of financial instruments (FI) in the next programming period (2014- 2020); stresse with scepticism; doubts that at a time of heavy fiscal constraint and reduced lending capacity on the part of the private sector, the increased use of innovative FI can foster public-private partnerships, achieve a multiplier effect with the EU budget, open up alternative sources of finance and guarantee an important financing stream for strategic regional investments; believes that although FI could, as a complement to grants, evolve to become an important aspect of the EU’s regional growth strategies, this will further increase the spiral of debt;
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Recognises that financial instruments are a complementary tool to grant funding and provide the opportunity to create multiplier and leverage effects and therefore can be a more efficient and effective means of public support; recallsis surprised to learn that the Commission is promoting an increased use of financial instruments for the next multiannual financial framework1 despite the fact that the Commission itself considers financial instruments in the cohesion area to be of high risk2;
Amendment 4 #
Draft opinion
Paragraph 3
Paragraph 3
3. Highlights that financial instruments can onlyshould not be supported through public funds in the event of an evidenced market failure; underlines, therefore, the importance of a high-quality assessment of the market failure which identifies a quantified financing gap and therefore an evidenced demand for public support to financial instruments; is convinced that financial instruments with public support should only be introduced if they address such evidenced demand, as a failure to do so could lead to market distortions; underlines the importance of compliance with state aid rules in this context;
Amendment 7 #
Draft opinion
Paragraph 6
Paragraph 6
6. Sees the benefit ofmainly disadvantages in involving the private sector through financial instruments; would be critical, however, about preferential treatment being given to private investors, as this would shift risks to the public sector which are not commensurate with the opportunities available; believes, therefore, that recourse to preferential treatment needs to be justified in each individual case;
Amendment 10 #
Draft opinion
Paragraph 4
Paragraph 4
4. WelcomNotes the application of FI being extended under the cohesion policy to all thematic objectives and all CSF funds in the next programming period; stresses, nevertheless, that a better overview of applied FI is necessary in order to mitigate the risk of a lack of coordination and overlapping of different schemes;
Amendment 16 #
Draft opinion
Paragraph 6
Paragraph 6
6. Is concerned about the limited institutional capacity of the Commission to accommodate the projected increased role of FI; bBelieves that know-how and the technical capacity for using and managing FI should also be strengthened at the level of managing authorities, financial intermediaries and banks; stresses that better knowledge of FI among those responsible for implementation of public policies is vital in order to remove constraints of a cultural nature and promotensure the success of FI;