2 Amendments of Miguel PORTAS related to 2011/0014(COD)
Amendment 1 #
Proposal for a decision
Recital 5 a (new)
Recital 5 a (new)
(5a) Article 8 of the Agreement establishing the EBRD provides that its resources are to be used exclusively to implement its purpose and carry out its functions, in accordance with Articles 1 and 2 of the Agreement, in Central and Eastern European countries. If the recipient countries of the EBRD's support is extended, the Agreement, which was approved by the Board of Governors, would have to be amended.
Amendment 2 #
Proposal for a decision
Article 1
Article 1
The European Union shall subscribe 27 013 additional callable shares of EUR 10 000 each in the EBRD under the terms and conditions of Resolution 128 of the Board of Governors, the text of which is attached to this Decision. The Board and the President of the EBRD shall be accountable to the European Parliament for the use of the allocated funds in accordance with Article 21 of the Treaty on European Union and shall guarantee full transparency concerning financial intermediary lending for small and medium enterprises.