12 Amendments of Dimitrios PAPADIMOULIS related to 2015/2127(INI)
Amendment 8 #
Draft opinion
Paragraph 1
Paragraph 1
1. Takes note of the 2014 EIB Annual Report and the increase by 6.92% to EUR 80.3 billion in the EIB Group’s lending; is very concerned at the increasing high unemployment, inequality and poverty levels, weak investment and the continuous uncertainty in the financial markets; underlines that in these economic and social circumstances many EU member- states are far behind in their target to meet the Europe 2020 goals;
Amendment 29 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes the urgent need for an increase in EIB lending activity; welcomes the increase of signatures to highest levels since 2009 but signatures levels have further potentials;
Amendment 41 #
Draft opinion
Paragraph 4
Paragraph 4
4. Calls on the EIB to re-examine its strategic planning programme, given the high degree of concentration of funding for the four biggest economies in the EU accounting for more than 45%, and thein order to focus on countries that face economic stagnation and disproportionate rincreases in unemployment levels in some other countries which remains at alarming levels, and which could hamper economic convergence in the EU and further damage growth prospects and social cohesion in specific countries and regions in the EU, as well as, in order to finance investment projects that promote economic convergence and social cohesion, sustainable growth, decent jobs creation and the social economy sector;
Amendment 46 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Notes the growth potentials of the ECB's Public Sector Purchase Programme (PSPP), which enables for the purchase of EIB's marketable debt securities and regrets that such purchases are only conducted by National Central Banks and up to a limit of 12% of the total value of purchased marketable debt securities under the PSPP;
Amendment 61 #
Draft opinion
Paragraph 5
Paragraph 5
5. Takes note of the establishment of the European Fund for Strategic Investment (EFSI) and emphasises the need for the EFSI to function in an effective, transparent and fair way and to take into account that priority should be given to projects in strategic sectors, countries in adjustment programmes and regions which have difficulties in attracting funding because of their high risk environment; underlines that decent job creation, positive cost-benefit analysis, additionality, growth acceleration, social cohesion, climate change and environmental protection should be the main selection criteria; the EFSI should prove that has the proper strategic planning and structures to mobilise private investment and additional public funding and to direct it to sound projects with added value for the European economies and societies;
Amendment 83 #
Draft opinion
Paragraph 6
Paragraph 6
6. Calls on the EIB to refrain from cooperating with financial partners with a negative track record and to enforce prevention measures against tax havens, fraud and evasion as well as aggressive tax avoidance, or through their financial intermediaries, based on non-cooperative tax jurisdictions, not extending any more funding to companies convicted of tax fraud, tax evasion or aggressive tax planning and to adopt a responsible taxation policy making its funding contingent upon the disclosure of both country-by-country tax relevant data along the lines of the CRD IV provision for credit institutions, as well as disclosure of beneficial ownership information;
Amendment 101 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Welcomes the EIB policy to increase the finance of SMEs and investing for youth, but regrets that results to the real economy and employment remain limited; welcomes the European Investment Fund (EIF) capital increase from € 3 billion to € 4.5 billion and calls on the EIF to provide an analytical report of its achievements based on this substantial increase; similarly asks the EIB to report on the results of the EIB Group Risk Enhancement Mandate for the benefit of innovative and high-risk SMEs;
Amendment 102 #
Draft opinion
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Welcomes that the EIB was in 2014 the biggest issuer with €4.3 billion in the Green Bond market, which was increased significantly reaching issuance of € 28 billion and calls on the EIB to further enforce policies of environmentally friendly renewable energy;
Amendment 103 #
Draft opinion
Paragraph 7 c (new)
Paragraph 7 c (new)
7c. Stresses the importance of regional development and calls on the EIB to enhance the dialogue and cooperation with regional and local authorities, banks and agencies; in this framework cross- border cooperation should be particularly supported, especially in cases of high political and economic risks;
Amendment 104 #
Draft opinion
Paragraph 7 d (new)
Paragraph 7 d (new)
7d. Calls on the EIB to pay particular attention to third countries and regions outside the EU, which suffer from conflict and extreme poverty having as main goal to reduce the development gap between the EU and these regions, with a special focus on the Southern Mediterranean Neighbourhood countries; calls for full respect of the legislation of the beneficiary countries; calls on the EIB to further increase the efficiency of the Results Measurement Framework (REM) for activities outside the EU; requests that the European Court of Auditors (ECA) produces a special report on the performance and alignment with EU policies of EIB external lending activities; welcomes that the EU grants are increasingly blended with EIB lending to achieve better project results in EU partner countries;
Amendment 115 #
Draft opinion
Paragraph 8
Paragraph 8
8. Calls on the EIB to further enhance transparency and access to information both internally and for the public, especially regarding the selection, monitoring and evaluation of activities and programmes; urges the EIB to enforce the independence and efficiency of the Complaint Mechanism Office and regrets that the achievements of the Compliance Directorate and its annual activity report is not public; further steps to reduce bureaucracy are needed;
Amendment 126 #
Draft opinion
Paragraph 9
Paragraph 9
9. Requests the EIB to increase its reporting to Parliament regarding its decisions, progress achieved and the impact of its lending activities within and outside the EU, through regular structured dialogue between the EIB President and Parliament in order to increase parliamentary oversight and enhance cooperation and coordination between the two institutions.